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Nonprofiteer
← MINNETRISTA CULTURAL FOUNDATION INC

Form 990 for tax year 2022

Filed by MINNETRISTA CULTURAL FOUNDATION INC.

Totals

Total revenue
$4,714,815
Total expenses
$5,511,104
Contributions and grants received
$4,237,707
Grants paid
$0
Program service revenue
$256,166
Investment income
$194,834
Other revenue
$26,108
Total assets, end of year
$15,095,200
Total liabilities, end of year
$283,870
Net assets or fund balances, end of year
$14,811,330
Program services expenses (Part IX)
$3,128,381
Management and general expenses
$2,053,847
Fundraising expenses
$328,876
Program service expenses (Part III)
$3,128,381

Program services were 56.8% 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

    $39,269

  • 1f · All other contributions, gifts and grants

    $4,198,438

  • 1g · Noncash contributions included above

    $2,444

  • 2a · Program service revenue: PROGRAMS

    total $139,750 · related or exempt $139,750

  • 2b · Program service revenue: ADMISSIONS

    total $116,416 · related or exempt $116,416

  • 3 · Investment income

    total $125,860 · excluded $125,860

  • 6a · Gross rents

    real property $80,660

  • 6b · Less rental expenses

    real property $112,624

  • 6c · Rental income or loss

    real property -$31,964

  • 6d · Net rental income or loss

    total -$31,964 · excluded -$31,964

  • 7a · Gross sales of assets other than inventory

    securities $5,303,129 · other assets $10,816

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

    securities $5,230,130 · other assets $14,841

  • 7c · Gain or loss

    securities $72,999 · other assets -$4,025

  • 7d · Net gain or loss

    total $68,974 · related or exempt -$4,025 · excluded $72,999

  • 10a · Gross sales of inventory

    $498,395

  • 10b · Cost of goods sold

    $440,323

  • 10c · Net income from sales of inventory

    total $58,072 · unrelated business $58,072

Functional expenses

Part IX, the statement of functional expenses.

  • 5 · Compensation of officers, directors and key employees

    total $164,222 · program services $72,258 · management and general $68,973 · fundraising $22,991

  • 7 · Other salaries and wages

    total $2,076,310 · program services $1,369,858 · management and general $520,232 · fundraising $186,220

  • 8 · Pension plan contributions

    total $414,765 · program services $261,060 · management and general $100,504 · fundraising $53,201

  • 10 · Payroll taxes

    total $166,176 · program services $109,833 · management and general $40,912 · fundraising $15,431

  • 11c · Fees: accounting

    total $32,619 · management and general $32,619

  • 11f · Fees: investment management

    total $21,947 · management and general $21,947

  • 11g · Fees: other

    total $79,211 · management and general $79,211

  • 12 · Advertising and promotion

    total $219,941 · program services $197,947 · management and general $21,994

  • 13 · Office expenses

    total $95,313 · program services $21,621 · management and general $48,531 · fundraising $25,161

  • 14 · Information technology

    total $211,217 · program services $211,217

  • 16 · Occupancy

    total $434,178 · program services $37,817 · management and general $396,361

  • 19 · Conferences, conventions and meetings

    total $40,615 · program services $24,004 · management and general $11,394 · fundraising $5,217

  • 22 · Depreciation, depletion and amortization

    total $699,891 · program services $489,924 · management and general $209,967

  • 23 · Insurance

    total $153,217 · program services $61,287 · management and general $91,930

  • 24a · Other expenses: REPAIRS AND MAINTENANCE

    total $413,165 · program services $44,381 · management and general $368,784

  • 24b · Other expenses: EXHIBIT COSTS

    total $138,287 · program services $138,287

  • 24c · Other expenses: SPECIAL EVENTS

    total $42,571 · program services $42,571

  • 24d · Other expenses: PROGRAMS

    total $24,286 · program services $24,286

  • 24e · All other expenses

    total $83,173 · program services $22,030 · management and general $40,488 · fundraising $20,655

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $637,054 · end of year $280,848

  • 2 · Savings and temporary cash investments

    beginning of year $291,282 · end of year $156,840

  • 3 · Pledges and grants receivable

    beginning of year $2,170 · end of year $1,824

  • 4 · Accounts receivable

    beginning of year $3,622 · end of year $45,541

  • 8 · Inventories for sale or use

    beginning of year $73,216 · end of year $124,326

  • 9 · Prepaid expenses and deferred charges

    beginning of year $139,816 · end of year $74,746

  • 10a · Land, buildings and equipment: cost or other basis

    $22,551,222

  • 10b · Land, buildings and equipment: accumulated depreciation

    $17,321,263

  • 10c · Land, buildings and equipment, net

    beginning of year $5,576,261 · end of year $5,229,959

  • 11 · Investments: publicly traded securities

    beginning of year $7,055,637 · end of year $5,958,490

  • 15 · Other assets

    beginning of year $3,251,490 · end of year $3,222,626

  • 17 · Accounts payable and accrued expenses

    beginning of year $108,173 · end of year $163,602

  • 25 · Other liabilities

    beginning of year $149,132 · end of year $120,268

  • 27 · Net assets without donor restrictions

    beginning of year $12,371,168 · end of year $10,725,077

  • 28 · Net assets with donor restrictions

    beginning of year $4,402,075 · end of year $4,086,253

Mission and programs · 2022

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 2022. 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 2022, THERE WERE MORE THAN 208 REMOTE AND IN-PERSON RESEARCH REQUESTS AND APPOINTMENTS. BY THE END OF 2022, THERE WERE MORE THAN 8,260 OBJECTS ONLINE, 6,278 PHOTOGRAPH COLLECTIONS, AND OVER 2,400 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 2022.

    Expenses $731,057 · Revenue $84,005

  • 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 2022, MORE THAN 76,500 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 $957,575 · Revenue $110,034

  • 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 2022 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 $540,661 · Revenue $62,127

  • OTHER PROGRAM SERVICES: THE BREAKDOWN OF THE REMAINING 899,088 IN PROGRAM EXPENSES IS AS FOLLOWS: 489,924 DEPRECIATION EXPENSE; 211,217 IT EXPENSE; 197,947 ADVERTISING.

    Expenses $899,088

As filed on the 2022 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Elizabeth A Brewer

    PRES/CEO/TRU

    Total calculated
    $198,841
    From this org
    $164,222
    From related orgs
    $0
    Other
    $34,619
    Hours/week
    50

    Schedule J breakdown matched by us

    Base
    $164,222
    Bonus
    not reported
    Other
    not reported
    Deferred
    not reported
    Nontaxable benefits
    $34,619
    Filer's total
    $198,841

  • Steve Smith

    CHAIR

    Total calculated
    $0
    Hours/week
    0.5

  • Sara Shade Hamilton

    VICE CHAIR

    Total calculated
    $0
    Hours/week
    0.5

  • Steve Moore

    VICE CHAIR

    Total calculated
    $0
    Hours/week
    0.5

  • Jeannine Harrold

    SECRETARY

    Total calculated
    $0
    Hours/week
    0.5

  • Ed Armantrout

    TRUSTEE

    Total calculated
    $0
    Hours/week
    0.5

  • Faye Chechowich

    TRUSTEE

    Total calculated
    $0
    Hours/week
    0.5

  • Ermalene Faulkner

    TRUSTEE

    Total calculated
    $0
    Hours/week
    0.5

  • Tisha Gierhart

    TRUSTEE

    Total calculated
    $0
    Hours/week
    0.5

  • Dave Heeter

    TRUSTEE

    Total calculated
    $0
    Hours/week
    0.5

  • Blake Janutolo

    TRUSTEE

    Total calculated
    $0
    Hours/week
    0.5

  • Bob La France

    TRUSTEE

    Total calculated
    $0
    Hours/week
    0.5

  • Ann Ludwig

    TRUSTEE

    Total calculated
    $0
    Hours/week
    0.5

  • John Anderson

    TRUSTEE

    Total calculated
    $0
    Hours/week
    0.5

  • Tammy Phillips

    TRUSTEE

    Total calculated
    $0
    Hours/week
    0.5

  • Nancy Dayton

    TRUSTEE

    Total calculated
    $0
    Hours/week
    0.5

  • Matt Rust

    TRUSTEE

    Total calculated
    $0
    Hours/week
    0.5

  • Jeff Scott

    TRUSTEE

    Total calculated
    $0
    Hours/week
    0.5

  • Steve Slavin

    TRUSTEE

    Total calculated
    $0
    Hours/week
    0.5

  • Marty Sulek

    TRUSTEE

    Total calculated
    $0
    Hours/week
    0.5

  • Judy Valos

    TRUSTEE

    Total calculated
    $0
    Hours/week
    0.5

  • Kathy White

    TRUSTEE

    Total calculated
    $0
    Hours/week
    0.5

  • Lezlie Winter

    TRUSTEE

    Total calculated
    $0
    Hours/week
    0.5

  • Eric Lin

    TREASURER

    Total calculated
    $105,204
    From this org
    $89,989
    From related orgs
    $0
    Other
    $15,215
    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
2022
Filed
10 November 2023
IRS schema version
2022v5.0
Source object
202303189349314415

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