Skip to content
Nonprofiteer
← JOHN R VANDERLIP TRUST UW 5006 NECT

Form 990 for tax year 2023

Filed by JOHN R VANDERLIP TRUST UW 5006 NECT.

Totals

Total revenue
$3,201,488
Total expenses
$2,562,871
Contributions and grants received
$0
Grants paid
$2,365,164
Program service revenue
$0
Investment income
$3,014,530
Other revenue
$186,958
Total assets, end of year
$36,131,921
Total liabilities, end of year
$0
Net assets or fund balances, end of year
$36,131,921
Program services expenses (Part IX)
$2,402,035
Management and general expenses
$160,836
Fundraising expenses
$0
Program service expenses (Part III)
$2,402,035

Program services were 93.7% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Line items

Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.

Revenue

Part VIII, the statement of revenue.

  • 3 · Investment income

    total $1,084,744 · excluded $1,084,744

  • 7a · Gross sales of assets other than inventory

    securities $3,429,786

  • 7b · Less cost or other basis and sales expenses

    securities $1,500,000

  • 7c · Gain or loss

    securities $1,929,786

  • 7d · Net gain or loss

    total $1,929,786 · excluded $1,929,786

  • 11a · Other revenue: NET INCOME FROM PARTNERSHIPS

    total $183,451 · unrelated business -$990 · excluded $184,441

  • 11b · Other revenue: OTHER INCOME

    total $3,507 · excluded $3,507

  • 11e · Other revenue, total

    $186,958

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $2,365,164 · program services $2,365,164

  • 5 · Compensation of officers, directors and key employees

    total $157,177 · program services $31,436 · management and general $125,741

  • 11b · Fees: legal

    total $3,850 · program services $3,850

  • 11c · Fees: accounting

    total $1,500 · program services $1,500

  • 11g · Fees: other

    total $0 · program services $0 · management and general $0

  • 24a · Other expenses: FOREIGN TAXES PAID ON DIVIDENDS

    total $35,095 · management and general $35,095

  • 24b · Other expenses: MINNESOTA FILING FEE

    total $25 · program services $25

  • 24c · Other expenses: MN COURT E-FILING FEE

    total $60 · program services $60

Balance sheet

Part X, book values.

  • 2 · Savings and temporary cash investments

    beginning of year $4,486,272 · end of year $5,931,513

  • 4 · Accounts receivable

    beginning of year $11,689

  • 11 · Investments: publicly traded securities

    beginning of year $31,045,207 · end of year $30,186,245

  • 15 · Other assets

    end of year $14,163

  • 31 · Retained earnings, endowment or other funds

    beginning of year $35,543,168 · end of year $36,131,921

Mission and programs · 2023

Mission

TO PROVIDE FUNDS TO THE MINNEAPOLIS INSTITUTE OF ARTS FOR THE ACQUISITION OF NEW OBJECTS OF ART FOR THE PERMANENT COLLECTION

  • FUNDING SUPPORT TO THE MINNEAPOLIS INSTITUTE OF ARTS

    Expenses $2,402,035 · Grants $2,365,164

As filed on the 2023 return.

Listed in Part VII

  • Us Bank National Association

    TRUSTEE

    Total calculated
    $157,177
    From this org
    $157,177
    From related orgs
    $0
    Other
    $0

  • Minneapolis Institute Of Arts

    TRUSTEE

    Total calculated
    $0

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those.

Grants on this return

Related organizations on this return

Schedule R Part II: tax-exempt organizations related to the filer by control. It does not record shared board members or money.

Provenance

Return type
form_990
Tax year
2023
Filed
11 July 2024
IRS schema version
2023v5.1
Source object
202413109349302621

Check it against the return as filed: the GivingTuesday Data Lake hosts a public copy of the original XML.

The source document this was parsed from is served over the API, which is where bulk and document access live.