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Nonprofiteer
← JOHN R VANDERLIP TRUST UW 5006 NECT

Form 990 for tax year 2022

Filed by JOHN R VANDERLIP TRUST UW 5006 NECT.

Totals

Total revenue
$2,300,161
Total expenses
$2,516,464
Contributions and grants received
$0
Grants paid
$2,296,203
Program service revenue
$0
Investment income
$2,023,661
Other revenue
$276,500
Total assets, end of year
$35,543,168
Total liabilities, end of year
$0
Net assets or fund balances, end of year
$35,543,168
Program services expenses (Part IX)
$2,338,490
Management and general expenses
$177,974
Fundraising expenses
$0
Program service expenses (Part III)
$2,296,203

Program services were 92.9% 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 $990,873 · excluded $990,873

  • 7a · Gross sales of assets other than inventory

    securities $1,032,788

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

    securities $0

  • 7c · Gain or loss

    securities $1,032,788

  • 7d · Net gain or loss

    total $1,032,788 · related or exempt $0 · excluded $1,032,788

  • 11a · Other revenue: INCOME FROM PARTNERSHIPS

    total $272,464 · unrelated business $1,814 · excluded $270,650

  • 11b · Other revenue: OTHER INCOME

    total $4,036 · excluded $4,036

  • 11e · Other revenue, total

    $276,500

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $2,296,203 · program services $2,296,203

  • 5 · Compensation of officers, directors and key employees

    total $152,913 · program services $30,583 · management and general $122,330

  • 11b · Fees: legal

    total $10,179 · program services $10,179

  • 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 $20,989 · management and general $20,989

  • 24b · Other expenses: MINNESOTA FILING FEE

    total $25 · program services $25

  • 24c · Other expenses: EXPENSES FROM PARTNERSHIPS

    total $34,655 · management and general $34,655

Balance sheet

Part X, book values.

  • 2 · Savings and temporary cash investments

    beginning of year $5,297,425 · end of year $4,486,272

  • 4 · Accounts receivable

    beginning of year $19 · end of year $11,689

  • 11 · Investments: publicly traded securities

    beginning of year $30,306,539 · end of year $31,045,207

  • 31 · Retained earnings, endowment or other funds

    beginning of year $35,603,983 · end of year $35,543,168

Mission and programs · 2022

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 $2,296,203 · Grants $2,296,203

As filed on the 2022 return.

Listed in Part VII

  • Us Bank National Association

    TRUSTEE

    Total calculated
    $152,913
    From this org
    $152,913
    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
2022
Filed
6 November 2023
IRS schema version
2022v5.0
Source object
202333119349303323

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