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← MINNESOTA STREET PROJECT FOUNDATION

Form 990 for tax year 2022

Filed by MINNESOTA STREET PROJECT FOUNDATION.

Totals

Total revenue
$1,508,319
Total expenses
$1,805,102
Contributions and grants received
$1,252,537
Grants paid
$98,553
Program service revenue
$7,426
Investment income
$1
Other revenue
$248,355
Total assets, end of year
$1,260,424
Total liabilities, end of year
$610,200
Net assets or fund balances, end of year
$650,224
Program services expenses (Part IX)
$1,497,413
Management and general expenses
$307,689
Fundraising expenses
$0
Program service expenses (Part III)
$1,497,413

Program services were 83.0% 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

    $1,252,537

  • 2a · Program service revenue: OTHER INCOME

    total $7,426 · related or exempt $7,426

  • 3 · Investment income

    total $1 · excluded $1

  • 4 · Income from investment of tax-exempt bond proceeds

    total $0

  • 5 · Royalties

    total $0

  • 6a · Gross rents

    real property $248,355

  • 6c · Rental income or loss

    real property $248,355 · personal property $0

  • 6d · Net rental income or loss

    total $248,355

  • 7d · Net gain or loss

    total $0

  • 8a · Fundraising events: gross income

    $0

  • 8b · Fundraising events: direct expenses

    $0

  • 8c · Net income from fundraising events

    total $0

  • 9a · Gaming: gross income

    $0

  • 9b · Gaming: direct expenses

    $0

  • 9c · Net income from gaming

    total $0

  • 10a · Gross sales of inventory

    $0

  • 10b · Cost of goods sold

    $0

  • 10c · Net income from sales of inventory

    total $0

  • 11e · Other revenue, total

    $0

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $98,553 · program services $98,553

  • 2 · Grants to domestic individuals

    total $0

  • 3 · Grants to foreign organizations and individuals

    total $0

  • 4 · Benefits paid to or for members

    total $0

  • 5 · Compensation of officers, directors and key employees

    total $0

  • 6 · Compensation of disqualified persons

    total $0

  • 7 · Other salaries and wages

    total $534,052 · program services $361,790 · management and general $172,262 · fundraising $0

  • 8 · Pension plan contributions

    total $0

  • 9 · Other employee benefits

    total $56,592 · program services $48,445 · management and general $8,147 · fundraising $0

  • 10 · Payroll taxes

    total $41,963 · program services $30,139 · management and general $11,824 · fundraising $0

  • 11a · Fees: management

    total $2,700 · program services $2,700

  • 11b · Fees: legal

    total $85,601 · program services $84,195 · management and general $1,406 · fundraising $0

  • 11c · Fees: accounting

    total $19,750 · management and general $19,750 · fundraising $0

  • 11d · Fees: lobbying

    total $0

  • 11e · Fees: professional fundraising services

    total $0

  • 11f · Fees: investment management

    total $0

  • 11g · Fees: other

    total $0

  • 12 · Advertising and promotion

    total $103,027 · program services $96,251 · management and general $6,776 · fundraising $0

  • 13 · Office expenses

    total $15,911 · program services $15,060 · management and general $851 · fundraising $0

  • 14 · Information technology

    total $0

  • 15 · Royalties

    total $0

  • 16 · Occupancy

    total $447,334 · program services $447,334 · fundraising $0

  • 17 · Travel

    total $33,169 · program services $22,840 · management and general $10,329 · fundraising $0

  • 18 · Travel or entertainment for public officials

    total $0

  • 19 · Conferences, conventions and meetings

    total $0

  • 20 · Interest

    total $0

  • 21 · Payments to affiliates

    total $0

  • 22 · Depreciation, depletion and amortization

    total $18,960 · program services $18,960 · fundraising $0

  • 23 · Insurance

    total $5,881 · program services $5,881 · fundraising $0

  • 24a · Other expenses: DUES & SUBSCRIPTIONS

    total $2,751 · management and general $2,751

  • 24b · Other expenses: PAYROLL FEES

    total $19,490 · program services $16,340 · management and general $3,150

  • 24c · Other expenses: WORKERS COMPENSATION

    total $6,056 · program services $3,845 · management and general $2,211

  • 24d · Other expenses: COMPUTER EXPENSES

    total $9,235 · program services $3,703 · management and general $5,532

  • 24e · All other expenses

    total $304,077 · program services $241,377 · management and general $62,700

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $879,847 · end of year $201,208

  • 2 · Savings and temporary cash investments

    beginning of year $0 · end of year $0

  • 3 · Pledges and grants receivable

    beginning of year $0 · end of year $0

  • 4 · Accounts receivable

    beginning of year $0 · end of year $0

  • 5 · Loans and receivables from officers and key people

    beginning of year $0 · end of year $0

  • 6 · Loans and receivables from disqualified persons

    beginning of year $0 · end of year $0

  • 7 · Other notes and loans receivable

    beginning of year $0 · end of year $0

  • 8 · Inventories for sale or use

    beginning of year $0 · end of year $0

  • 9 · Prepaid expenses and deferred charges

    beginning of year $37,652 · end of year $35,873

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

    $970,103

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

    $18,960

  • 10c · Land, buildings and equipment, net

    beginning of year $0 · end of year $951,143

  • 11 · Investments: publicly traded securities

    beginning of year $0 · end of year $0

  • 12 · Investments: other securities

    beginning of year $0 · end of year $0

  • 13 · Investments: program-related

    beginning of year $0 · end of year $0

  • 14 · Intangible assets

    beginning of year $0 · end of year $0

  • 15 · Other assets

    beginning of year $550,627 · end of year $72,200

  • 17 · Accounts payable and accrued expenses

    beginning of year $521,119 · end of year $110,200

  • 18 · Grants payable

    beginning of year $0 · end of year $0

  • 19 · Deferred revenue

    beginning of year $0 · end of year $0

  • 20 · Tax-exempt bond liabilities

    beginning of year $0 · end of year $0

  • 21 · Escrow or custodial account liability

    beginning of year $0 · end of year $0

  • 22 · Loans and payables to officers and key people

    beginning of year $0 · end of year $0

  • 23 · Secured mortgages and notes payable

    beginning of year $0 · end of year $0

  • 24 · Unsecured notes and loans payable

    beginning of year $0 · end of year $0

  • 25 · Other liabilities

    beginning of year $0 · end of year $500,000

  • 27 · Net assets without donor restrictions

    beginning of year $947,007 · end of year $650,224

  • 28 · Net assets with donor restrictions

    beginning of year $0 · end of year $0

Mission and programs · 2022

Mission

MINNESOTA STREET PROJECT FOUNDATION WORKS TO STRENGTHEN THE HEALTH AND VITALITY OF THE ARTISTIC ECO-SYSTEM OF THE SAN FRANCISCO BAY AREA THROUGH UNIQUE COLLABORATIONS, PUBLIC EXHIBITIONS, CAPACITY BUILDING PROGRAMMING, ARTISTIC INCUBATION, AND DIRECT GRANTS AND SUPPORT OF ARTISTS. WE ARE DEDICATED TO PROVIDING SPACE FOR ART AND ARTISTS AND NURTURE A CAMPUS ENVIRONMENT AS FUNDAMENTAL TO A THRIVING CREATIVE SECTOR.

Activities or mission (Part I)

THE ORGANIZATION WORKS TO STRENGTHEN THE SAN FRANCISCO BAY AREA (CALIFORNIA, USA) ARTS COMMUNITY.

  • The Institute of Contemporary Art San Francisco (ICA SF), is a free, non-collecting, contemporary art museum dedicated to experimenting in public, operating transparently, and embracing constant reinvention in the realm of contemporary art through its exhibitions, programming, and social opportunities.

    Expenses $955,833 · Grants $9,550

  • The California Black Voices Program provides unrestricted grant funds and in-kind exhibition space to Black artists and Black curators living and working in the Bay Area to support the creation of new art work for public exhibition at Minnesota Street Project in 2022.

    Expenses $43,233

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

Listed in Part VII

  • Madison Cario

    CEO

    Total calculated
    $125,120
    From this org
    $0
    From related orgs
    $125,120
    Other
    $0
    Hours/week
    20 + 20 related

  • Deborah Rappaport

    PRESIDENT

    Total calculated
    $0
    Hours/week
    8

  • Andrew Rappaport

    TREASURER & SECRETARY

    Total calculated
    $0
    Hours/week
    4

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

Provenance

Return type
form_990
Tax year
2022
Filed
15 November 2023
IRS schema version
2022v5.0
Source object
202333209349302218

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

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