Form 990 for tax year 2023
Filed by MINNETRISTA CULTURAL FOUNDATION INC.
Totals
- Total revenue
- $5,138,430
- Total expenses
- $5,332,010
- Contributions and grants received
- $4,669,272
- Grants paid
- $0
- Program service revenue
- $287,385
- Investment income
- $249,660
- Other revenue
- -$67,887
- Total assets, end of year
- $15,361,209
- Total liabilities, end of year
- $209,179
- Net assets or fund balances, end of year
- $15,152,030
- Program services expenses (Part IX)
- $3,270,348
- Management and general expenses
- $1,696,499
- Fundraising expenses
- $365,163
- Program service expenses (Part III)
- $3,270,348
Program services were 61.3% 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.
-
1b · Membership dues
$42,789
-
1e · Government grants (contributions)
$329,279
-
1f · All other contributions, gifts and grants
$4,297,204
-
2a · Program service revenue: PROGRAMS
total $162,263 · related or exempt $162,263
-
2b · Program service revenue: ADMISSIONS
total $125,122 · related or exempt $125,122
-
3 · Investment income
total $161,939 · excluded $161,939
-
6a · Gross rents
real property $50,236
-
6b · Less rental expenses
real property $133,055
-
6c · Rental income or loss
real property -$82,819
-
6d · Net rental income or loss
total -$82,819 · excluded -$82,819
-
7a · Gross sales of assets other than inventory
securities $1,189,728
-
7b · Less cost or other basis and sales expenses
securities $1,102,007
-
7c · Gain or loss
securities $87,721
-
7d · Net gain or loss
total $87,721 · related or exempt -$94 · excluded $87,815
-
10a · Gross sales of inventory
$481,959
-
10b · Cost of goods sold
$467,027
-
10c · Net income from sales of inventory
total $14,932 · unrelated business $14,932
Functional expenses
Part IX, the statement of functional expenses.
-
5 · Compensation of officers, directors and key employees
total $229,385 · program services $146,806 · management and general $55,052 · fundraising $27,527
-
7 · Other salaries and wages
total $1,927,569 · program services $1,234,202 · management and general $473,100 · fundraising $220,267
-
8 · Pension plan contributions
total $361,275 · program services $222,930 · management and general $86,745 · fundraising $51,600
-
10 · Payroll taxes
total $159,047 · program services $102,214 · management and general $38,407 · fundraising $18,426
-
11c · Fees: accounting
total $44,861 · management and general $44,861
-
11f · Fees: investment management
total $22,316 · management and general $22,316
-
11g · Fees: other
total $23,900 · management and general $23,900
-
12 · Advertising and promotion
total $184,823 · program services $182,407 · management and general $2,416
-
13 · Office expenses
total $83,264 · program services $21,300 · management and general $41,430 · fundraising $20,534
-
14 · Information technology
total $268,412 · program services $268,412
-
16 · Occupancy
total $400,895 · program services $67,421 · management and general $333,474
-
19 · Conferences, conventions and meetings
total $19,861 · program services $8,791 · management and general $6,852 · fundraising $4,218
-
22 · Depreciation, depletion and amortization
total $694,867 · program services $486,407 · management and general $208,460
-
23 · Insurance
total $143,369 · program services $65,640 · management and general $77,729
-
24a · Other expenses: REPAIRS AND MAINTENANCE
total $287,339 · program services $40,172 · management and general $247,167
-
24b · Other expenses: EXHIBIT COSTS
total $278,558 · program services $278,558
-
24c · Other expenses: PROGRAMS
total $78,303 · program services $78,303
-
24d · Other expenses: SPECIAL EVENTS
total $51,621 · program services $51,621
-
24e · All other expenses
total $72,345 · program services $15,164 · management and general $34,590 · fundraising $22,591
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $280,848 · end of year $94,382
-
2 · Savings and temporary cash investments
beginning of year $156,840 · end of year $420,457
-
3 · Pledges and grants receivable
beginning of year $1,824
-
4 · Accounts receivable
beginning of year $45,541 · end of year $25,825
-
8 · Inventories for sale or use
beginning of year $124,326 · end of year $126,603
-
9 · Prepaid expenses and deferred charges
beginning of year $74,746 · end of year $88,711
-
10a · Land, buildings and equipment: cost or other basis
$20,648,584
-
10b · Land, buildings and equipment: accumulated depreciation
$16,020,489
-
10c · Land, buildings and equipment, net
beginning of year $5,229,959 · end of year $4,628,095
-
11 · Investments: publicly traded securities
beginning of year $5,958,490 · end of year $6,454,096
-
15 · Other assets
beginning of year $3,222,626 · end of year $3,523,040
-
17 · Accounts payable and accrued expenses
beginning of year $163,602 · end of year $117,776
-
25 · Other liabilities
beginning of year $120,268 · end of year $91,403
-
27 · Net assets without donor restrictions
beginning of year $10,725,077 · end of year $10,946,554
-
28 · Net assets with donor restrictions
beginning of year $4,086,253 · end of year $4,205,476
Mission and programs · 2023
Mission
MINNETRISTA IS THE HOME OF THE BALL JAR; A GATHERING PLACE AND CATALYST FOR COMMUNITY ENGAGEMENT. WE CREATE SHARED EXPERIENCES THAT CONNECT PEOPLE, LEADING TO A BETTER QUALITY OF LIFE.
-
THE MINNETRISTA HERITAGE COLLECTION INCLUDES ARTIFACTS, ART, AND ARCHIVAL MATERIAL THAT DOCUMENT THE PEOPLE, PLACES, ORGANIZATIONS, EVENTS, AND BUSINESSES AND INDUSTRIES OF EAST CENTRAL INDIANA. A MAJOR COMPONENT OF THE COLLECTION IS BALL FAMILY MATERIAL AND BALL CORPORATION BUSINESS RECORDS. SEVERAL ACQUISITIONS WERE RECEIVED IN 2023. THEY INCLUDED MATERIALS AND OBJECTS THAT DOCUMENT THE BALL FAMILY, BALL CORPORATION, AND LOCAL HISTORY. THE MINNETRISTA HERITAGE COLLECTION, BOTH ON-SITE AND ON- LINE, IS ALSO A DESTINATION FOR RESEARCHERS. IN 2023, THERE WERE MORE THAN 44 REMOTE AND IN-PERSON RESEARCH REQUESTS AND APPOINTMENTS. BY THE END OF 2023, THERE WERE MORE THAN 8,295 OBJECTS ONLINE, 6,278 PHOTOGRAPH COLLECTIONS, AND OVER 2,559 ARCHIVAL RECORDS FROM THE MINNETRISTA HERITAGE COLLECTION ON-LINE. THOUSANDS OF ADDITIONAL RECORDS WERE AVAILABLE ONSITE TO RESEARCHERS THROUGH OUR COLLECTIONS MANAGEMENT SYSTEM. THERE WERE OVER 12,000 SEARCHES OF THE ON-LINE COLLECTION IN 2023.
Expenses $1,032,826 · Revenue $112,547
-
AS THE HOME OF THE BALL JAR, MINNETRISTA CONTINUES TO SERVE AS A LEGACY SITE AND GATHERING PLACE FOR EAST CENTRAL INDIANA. VISITORS COME TO EXPLORE, RECHARGE, AND CONNECT. IN 2023, APPROXIMATELY 100,000 LOCAL, REGIONAL,NATIONAL, AND INTERNATIONAL VISITORS ENJOYED PROGRAMS LIKE PAINTING WORKSHOPS, GLASS WORKSHOPS, SCHOOL TOURS, SUMMER CAMPS, FAMILY DAYS, AND MANY OTHER PROGRAMS AT MINNETRISTA. FAMILIES ATTENDED OUR SIGNATURE EVENTS LIKE FARMERS MARKET, GARDEN FAIR, FAERIES SPRITES & LIGHTS, AND ENCHANTED LUMINARIA WALK.
Expenses $1,143,937 · Revenue $124,654
-
MINNETRISTA IMPROVES THE QUALITY OF LIFE FOR EAST CENTRAL INDIANA BY OFFERING A BEAUTIFUL LOCATION IN THE MIDDLE OF MUNCIE. WITH A SIX-ACRE NATURE AREA, 23 ACRES OF THEMED AND HISTORIC GARDENS, AND A STRETCH OF THE WHITE RIVER GREENWAY, MINNETRISTA SERVES AS GREEN SPACE FOR THE COMMUNITY. THIS SPACE CONTINUED TO PROVIDE INVALUABLE RESPITE TO OUR COMMUNITY DURING 2023 AS THE VISITORS SOUGHT WAYS TO GET PHYSICAL AND FIND MENTAL RELIEF FROM LIFE STRESSES CAUSED BY BOTH PERSONAL AND NATIONAL FACTORS LIKE THE PANDEMIC, ECONOMICS, AND POLITICAL PRESSURES.
Expenses $500,644 · Revenue $50,184
-
OTHER PROGRAM SERVICES: THE BREAKDOWN OF THE REMAINING 592,941 IN PROGRAM EXPENSES IS AS FOLLOWS: 486,407 DEPRECIATION EXPENSE; 84,791 IT EXPENSE; 21,743 ADVERTISING.
Expenses $592,941
As filed on the 2023 return. The filer continues this part on Schedule O, which is not shown here.
Listed in Part VII
-
Brian StatzBRIAN STATZ
PRES/CEO/TRU
- Total calculated
- $173,232
- From this org
- $139,846
- From related orgs
- $0
- Other
- $33,386
- Hours/week
- 50
Schedule J breakdown matched by us
- Base
- $139,846
- Bonus
- not reported
- Other
- not reported
- Deferred
- not reported
- Nontaxable benefits
- $33,386
- Filer's total
- $173,232
-
Steve MooreSTEVE MOORE
CHAIR
- Total calculated
- $0
- Hours/week
- 0.5
-
Ed ArmantroutED ARMANTROUT
VICE CHAIR
- Total calculated
- $0
- Hours/week
- 0.5
-
Sara Shade HamiltonSARA SHADE HAMILTON
VICE CHAIR
- Total calculated
- $0
- Hours/week
- 0.5
-
Jeannine HarroldJEANNINE HARROLD
SECRETARY
- Total calculated
- $0
- Hours/week
- 0.5
-
Steve SmithSTEVE SMITH
TRUSTEE
- Total calculated
- $0
- Hours/week
- 0.5
-
Katie Morgan PerezKATIE MORGAN PEREZ
TRUSTEE
- Total calculated
- $0
- Hours/week
- 0.5
-
Faye ChechowichFAYE CHECHOWICH
TRUSTEE
- Total calculated
- $0
- Hours/week
- 0.5
-
Ermalene FaulknerERMALENE FAULKNER
TRUSTEE
- Total calculated
- $0
- Hours/week
- 0.5
-
Tisha GierhartTISHA GIERHART
TRUSTEE
- Total calculated
- $0
- Hours/week
- 0.5
-
Rebecca GonyaREBECCA GONYA
TRUSTEE
- Total calculated
- $0
- Hours/week
- 0.5
-
Candace BankovichCANDACE BANKOVICH
TRUSTEE
- Total calculated
- $0
- Hours/week
- 0.5
-
Bob La FranceBOB LA FRANCE
TRUSTEE
- Total calculated
- $0
- Hours/week
- 0.5
-
Ann LudwigANN LUDWIG
TRUSTEE
- Total calculated
- $0
- Hours/week
- 0.5
-
John AndersonJOHN ANDERSON
TRUSTEE
- Total calculated
- $0
- Hours/week
- 0.5
-
Tammy PhillipsTAMMY PHILLIPS
TRUSTEE
- Total calculated
- $0
- Hours/week
- 0.5
-
Nancy DaytonNANCY DAYTON
TRUSTEE
- Total calculated
- $0
- Hours/week
- 0.5
-
Matt RustMATT RUST
TRUSTEE
- Total calculated
- $0
- Hours/week
- 0.5
-
Jeff ScottJEFF SCOTT
TRUSTEE
- Total calculated
- $0
- Hours/week
- 0.5
-
Steve SlavinSTEVE SLAVIN
TRUSTEE
- Total calculated
- $0
- Hours/week
- 0.5
-
Marty SulekMARTY SULEK
TRUSTEE
- Total calculated
- $0
- Hours/week
- 0.5
-
Judy ValosJUDY VALOS
TRUSTEE
- Total calculated
- $0
- Hours/week
- 0.5
-
Chuck ReynoldsCHUCK REYNOLDS
TRUSTEE
- Total calculated
- $0
- Hours/week
- 0.5
-
Dr Tim FoxDR TIM FOX
TRUSTEE
- Total calculated
- $0
- Hours/week
- 0.5
-
Darlesia LeeDARLESIA LEE
TRUSTEE
- Total calculated
- $0
- Hours/week
- 0.5
-
Eric LinERIC LIN
TREASURER
- Total calculated
- $110,649
- From this org
- $89,539
- From related orgs
- $0
- Other
- $21,110
- Hours/week
- 45
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. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.
Schedule J
Answered yes
- 3 · Compensation committee
- 3 · Form 990 of other organizations
- 3 · Compensation survey or study
- 3 · Approval by the board or compensation committee
Answered no
- 4a · Severance or change-of-control payment
- 4b · Supplemental nonqualified retirement plan
- 4c · Equity-based compensation arrangement
- 5a · Pay contingent on this organization's revenues
- 5b · Pay contingent on a related organization's revenues
- 6a · Pay contingent on this organization's net earnings
- 6b · Pay contingent on a related organization's net earnings
- 7 · Other non-fixed payments
- 8 · Paid under the initial-contract exception
Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.
Grants on this return
No itemized grants to organizations on this return.
Provenance
- Return type
- form_990
- Tax year
- 2023
- Filed
- 14 November 2024
- IRS schema version
- 2023v5.0
- Source object
- 202423209349304797
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