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← OAKLEAF ENDOWMENT TR FBO MINNESOTA ORCHESTRA 063097

Form 990 for tax year 2022

Filed by OAKLEAF ENDOWMENT TR FBO MINNESOTA ORCHESTRA 063097.

Totals

Total revenue
$28,306,166
Total expenses
$6,273,445
Contributions and grants received
$25,442,372
Grants paid
$4,400,713
Program service revenue
$0
Investment income
$2,863,794
Other revenue
$0
Total assets, end of year
$102,788,054
Total liabilities, end of year
$0
Net assets or fund balances, end of year
$102,788,054
Program services expenses (Part IX)
$4,400,713
Management and general expenses
$1,872,732
Fundraising expenses
$0
Program service expenses (Part III)
$4,400,713

Program services were 70.1% 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.

  • 1f · All other contributions, gifts and grants

    $25,442,372

  • 3 · Investment income

    total $4,532,673 · unrelated business -$8,672 · excluded $4,541,345

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

    other assets $1,668,879

  • 7c · Gain or loss

    other assets -$1,668,879

  • 7d · Net gain or loss

    total -$1,668,879 · excluded -$1,668,879

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $4,400,713 · program services $4,400,713

  • 11c · Fees: accounting

    total $128,648 · management and general $128,648

  • 20 · Interest

    total $29,626 · management and general $29,626

  • 24a · Other expenses: PORTFOLIO DEDUCTIONS

    total $936,861 · management and general $936,861

  • 24b · Other expenses: OTHER DEDUCTIONS

    total $701,631 · management and general $701,631

  • 24c · Other expenses: FOREIGN TAXES

    total $75,941 · management and general $75,941

  • 24d · Other expenses: STATE FILING FEE

    total $25 · management and general $25

Balance sheet

Part X, book values.

  • 2 · Savings and temporary cash investments

    beginning of year $19,435 · end of year $239,509

  • 12 · Investments: other securities

    beginning of year $81,254,421 · end of year $102,548,545

  • 29 · Capital stock, trust principal or current funds

    beginning of year $0 · end of year $0

  • 30 · Paid-in or capital surplus, or land, building or equipment fund

    beginning of year $0 · end of year $0

  • 31 · Retained earnings, endowment or other funds

    beginning of year $81,273,856 · end of year $102,788,054

Mission and programs · 2022

Mission

TO ESTABLISH AN ENDOWMENT TO MAINTAIN AND ENHANCE THE QUALITY OF THE MINNESOTA ORCHESTRA OR ITS SUCCESSOR BY MERGER OR CONSOLIDATION

Activities or mission (Part I)

SEE PART III, LINE 1

  • GRANTS ASSISTS THE MINNESOTA ORCHESTRA IN DAILY OPERATIONS AND HELPS MAINTAIN AND ENHANCE THE QUALITY OF THE MINNESOTA ORCHESTRA. THEY ALSO HELP THE ORCHESTRA DEVELOP STRATEGIES FOR PROCURING STRONG, HIGH-PROFILE GUEST ARTISTS, PLANNING FESTIVALS, AND TOURS. ENDOWMENT REVENUE IS COMPOSED OF CONTRIBUTIONS AND INVESTMENT INCOME.

    Expenses $4,400,713 · Grants $4,400,713

As filed on the 2022 return.

Listed in Part VII

  • Mary Sumners

    TRUSTEE

    Total calculated
    $0
    Hours/week
    0.5

  • Vance Opperman

    TRUSTEE

    Total calculated
    $0
    Hours/week
    0.5

  • Marilyn Nelson

    TRUSTEE

    Total calculated
    $0
    Hours/week
    0.5

  • Rt Rybak

    TRUSTEE

    Total calculated
    $0
    Hours/week
    0.5

  • John Lindahl

    TRUSTEE

    Total calculated
    $0
    Hours/week
    0.5

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
2022
Filed
14 November 2023
IRS schema version
2022v5.0
Source object
202313189349305356

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