Form 990 for tax year 2023
Filed by MINNEAPOLIS SOCIETY OF FINE ARTS.
Totals
- Total revenue
- $49,760,749
- Total expenses
- $46,956,667
- Contributions and grants received
- $32,846,732
- Grants paid
- $0
- Program service revenue
- $2,957,573
- Investment income
- $12,318,988
- Other revenue
- $1,637,456
- Total assets, end of year
- $412,201,130
- Total liabilities, end of year
- $7,080,158
- Net assets or fund balances, end of year
- $405,120,972
- Program services expenses (Part IX)
- $36,865,705
- Management and general expenses
- $7,752,773
- Fundraising expenses
- $2,338,189
- Program service expenses (Part III)
- $36,865,705
Program services were 78.5% 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
$1,852,666
-
1c · Fundraising events
$82,405
-
1d · Related organizations
$805,209
-
1e · Government grants (contributions)
$18,529,623
-
1f · All other contributions, gifts and grants
$11,576,829
-
1g · Noncash contributions included above
$367,056
-
2a · Program service revenue: RENTALS/REIMBURSEMENTS
total $1,835,521 · related or exempt $1,601,435 · unrelated business $234,086
-
2b · Program service revenue: PROGRAM ADMISSIONS/FEES
total $457,269 · related or exempt $457,269
-
2c · Program service revenue: OTHER PROGRAM SERVICE REVENUE
total $444,279 · related or exempt $444,279
-
2d · Program service revenue: DEACCESSIONS
total $144,784 · related or exempt $144,784
-
2e · Program service revenue: CLASSES AND PROGRAMS
total $75,720 · related or exempt $75,720
-
3 · Investment income
total $6,583,720 · unrelated business $229,713 · excluded $6,354,007
-
5 · Royalties
total $34,859 · excluded $34,859
-
7a · Gross sales of assets other than inventory
securities $74,222,825
-
7b · Less cost or other basis and sales expenses
securities $68,487,557
-
7c · Gain or loss
securities $5,735,268
-
7d · Net gain or loss
total $5,735,268 · excluded $5,735,268
-
8a · Fundraising events: gross income
$9,099
-
8a · Fundraising events: contributions included on line 1c
$82,405
-
8b · Fundraising events: direct expenses
$97,118
-
8c · Net income from fundraising events
total -$88,019 · excluded -$88,019
-
10a · Gross sales of inventory
$1,338,330
-
10b · Cost of goods sold
$558,773
-
10c · Net income from sales of inventory
total $779,557 · excluded $779,557
-
11a · Other revenue: PARKING
total $911,059 · excluded $911,059
-
11e · Other revenue, total
$911,059
Functional expenses
Part IX, the statement of functional expenses.
-
5 · Compensation of officers, directors and key employees
total $2,956,938 · program services $1,477,688 · management and general $1,130,050 · fundraising $349,200
-
7 · Other salaries and wages
total $14,746,777 · program services $12,891,084 · management and general $957,857 · fundraising $897,836
-
8 · Pension plan contributions
total $625,613 · program services $506,373 · management and general $67,935 · fundraising $51,305
-
9 · Other employee benefits
total $1,989,600 · program services $1,624,110 · management and general $218,458 · fundraising $147,032
-
10 · Payroll taxes
total $1,347,195 · program services $1,091,430 · management and general $161,100 · fundraising $94,665
-
11b · Fees: legal
total $796,295 · management and general $796,295
-
11c · Fees: accounting
total $283,520 · management and general $283,520
-
11d · Fees: lobbying
total $60,000 · management and general $60,000
-
11f · Fees: investment management
total $2,366,794 · management and general $2,366,794
-
11g · Fees: other
total $3,848,244 · program services $3,236,153 · management and general $407,193 · fundraising $204,898
-
12 · Advertising and promotion
total $781,792 · program services $781,792
-
13 · Office expenses
total $2,402,316 · program services $1,940,020 · management and general $285,966 · fundraising $176,330
-
14 · Information technology
total $1,024,325 · program services $597,410 · management and general $236,875 · fundraising $190,040
-
16 · Occupancy
total $3,512,165 · program services $3,275,972 · management and general $196,342 · fundraising $39,851
-
17 · Travel
total $1,271,632 · program services $1,040,085 · management and general $87,375 · fundraising $144,172
-
19 · Conferences, conventions and meetings
total $36,414 · program services $20,276 · management and general $12,859 · fundraising $3,279
-
22 · Depreciation, depletion and amortization
total $2,570,700 · program services $2,430,710 · management and general $128,324 · fundraising $11,666
-
23 · Insurance
total $696,549 · program services $312,804 · management and general $355,830 · fundraising $27,915
-
24a · Other expenses: ACCESSIONS
total $5,639,798 · program services $5,639,798
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year -$167,654 · end of year $7,687,720
-
2 · Savings and temporary cash investments
beginning of year $32,064,401 · end of year $27,945,628
-
3 · Pledges and grants receivable
beginning of year $3,407,246 · end of year $2,727,918
-
4 · Accounts receivable
beginning of year $4,181,641 · end of year $5,642,831
-
8 · Inventories for sale or use
beginning of year $147,207 · end of year $154,129
-
9 · Prepaid expenses and deferred charges
beginning of year $395,199 · end of year $469,514
-
10a · Land, buildings and equipment: cost or other basis
$130,868,926
-
10b · Land, buildings and equipment: accumulated depreciation
$69,981,920
-
10c · Land, buildings and equipment, net
beginning of year $55,915,903 · end of year $60,887,006
-
11 · Investments: publicly traded securities
beginning of year $45,998,160 · end of year $44,617,470
-
12 · Investments: other securities
beginning of year $177,606,023 · end of year $191,521,511
-
15 · Other assets
beginning of year $66,567,439 · end of year $70,547,403
-
17 · Accounts payable and accrued expenses
beginning of year $6,009,810 · end of year $6,239,270
-
19 · Deferred revenue
beginning of year $196,185 · end of year $112,485
-
25 · Other liabilities
beginning of year $795,875 · end of year $728,403
-
27 · Net assets without donor restrictions
beginning of year $99,015,125 · end of year $106,237,980
-
28 · Net assets with donor restrictions
beginning of year $280,098,570 · end of year $298,882,992
Mission and programs · 2023
Mission
THE MINNEAPOLIS INSTITUTE OF ART (MIA) ENRICHES THE COMMUNITY BY COLLECTING, PRESERVING, AND MAKING ACCESSIBLE OUTSTANDING WORKS OF ART FROM THE WORLD'S DIVERSE CULTURES.
Activities or mission (Part I)
ENRICHING COMMUNITY BY COLLECTING, PRESERVING AND MAKING ACCESSIBLE OUTSTANDING WORKS OF ART
-
EXHIBITIONS DURING FISCAL YEAR ENDING JUNE 30, 2024 INCLUDE:REVISION: ART IN THE AMERICASTHE LYRICAL ARTWORK OF JIM DENOMIECALL AND RESPONSE: AMERICAN WATERCOLORS IN CONVERSATIONA PERENNIAL PLEASURE GARDEN: BOTANICAL TEXTILES FROM MIA'S PERMANENT COLLECTIONTIA KEOBOUNPHENG: REVEALING THREADSANOTHER LOOKCARMEN WINANT: THE LAST SAFE ABORTIONTHE ROOT COLLECTION: CELEBRATING STUDIO CERAMICSTHE ROOT COLLECTION: LIVING WITH JAPANESE CERAMICSCOLLAGE/ASSEMBLAGE PART I: 1940-1989CHAOS: KEN MATSUBARA'S BUDDHIST MASTERWORKDWELLING IN MOUNTAINS: RECLUSION IN CHINESE LANDSCAPE PAINTINGIN OUR HANDS: NATIVE PHOTOGRAPHY, 1890 TO NOWLISA BERGH: TOPOGRAPHYWANDERING WITH DUTCH ARTISTSAMERICAN GOTHIC: GORDON PARKS AND ELLA WATSONNETWORKS OF CARETANAKA RYIIHEI: PORTRAIT OF A HOMEYEAR OF THE DRAGONCOLLAGE/ASSEMBLAGE PART II: 1990-NOWTHE SHAPE OF LIME: KOREAN ART AFTER 1989NEW AT MIA: CONTEMPORARY WORKS ON PAPER BY WOMEN ARTISTSGOLTZIUS & CO.DOMESTIC IDOLSDESTINED FOR MIA: A COLLECTION OF DUTCH PAINTINGSDARK VISIONSBIZEN: CONTEMPORARY EXPRESSIONS OF AN ANCIENT JAPANESE POTTERYCOUNTER CULTURE
Expenses $27,195,573 · Revenue $1,428,507
-
ACQUISITIONS BRING NEW STRENGTH TO THE COLLECTION. THE PERMANENT COLLECTION IS ALWAYS AT THE CORE OF OUR WORK. IN FY24, 563 EXCEPTIONAL OBJECTS WERE ACQUIRED, ENRICHING 4 CURATORIAL AREAS.
Expenses $5,639,798 · Revenue $144,784
-
EDUCATIONAL OUTREACH AND PUBLIC PROGRAMS FOR THE FISCAL YEAR ENDING JUNE 30, 2024 INCLUDED: MIA'S ART ADVENTURE PROGRAM SERVED MORE THAN 38,300 STUDENTS IN 105 SCHOOLS ACROSS THE STATE.CREATIVITY ACADEMY (435) AND WATER IS LIFE (621) PROGRAMS SERVED 1056 STUDENTS.MIA SERVED AN ADDITIONAL 775 STUDENTS THROUGH OTHER SCHOOL PARTNERSHIP PROGRAMS.18,329 PK-12 STUDENTS PARTICIPATED IN GUIDE-LED TOURS, AND 18,017 STUDENTS PARTICIPATED IN SELF-GUIDED TOURS.MIA DISTRIBUTED 185 KITS OF CLASSROMM MATERIALS AND TRAINED 625 PARENT VOLUNTEERS TO LEAD ART ADVENTURE LESSONS IN SCHOOLS. MIA PROVIDED PROFESSIONAL DEVELOPMENT TO 130 TEACHERS.
Expenses $4,030,334 · Revenue $1,150,196
As filed on the 2023 return. The filer continues this part on Schedule O, which is not shown here.
Listed in Part VII
-
Katie LuberKATIE LUBER
DIRECTOR & PRESIDENT
- Total calculated
- $693,872
- From this org
- $610,644
- From related orgs
- $0
- Other
- $83,228
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $527,416
- Bonus
- $0
- Other
- $83,228
- Deferred
- $69,700
- Nontaxable benefits
- $13,528
- Filer's total
- $693,872
-
Patricia GrazziniPATRICIA GRAZZINI
DEPUTY DIRECTOR AND CHIEF OPERATING OFFICER
- Total calculated
- $399,182
- From this org
- $346,410
- From related orgs
- $0
- Other
- $52,772
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $293,638
- Bonus
- $0
- Other
- $52,772
- Deferred
- $39,913
- Nontaxable benefits
- $12,859
- Filer's total
- $399,182
-
John LindahlJOHN LINDAHL
CHAIR
- Total calculated
- $0
- Hours/week
- 1
-
Piyumi SamaratungaPIYUMI SAMARATUNGA
VICE CHAIR
- Total calculated
- $0
- Hours/week
- 1
-
Tom SchreierTOM SCHREIER
FORMER VICE CHAIR
- Total calculated
- $0
- Hours/week
- 1
-
Liz NordlieLIZ NORDLIE
TREASURER
- Total calculated
- $0
- Hours/week
- 1
-
Amy KernAMY KERN
SECRETARY
- Total calculated
- $0
- Hours/week
- 1
-
Mary Ingebrand-PohladMARY INGEBRAND-POHLAD
ELECTIVE TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
Jessamyn KerchnerJESSAMYN KERCHNER
ELECTIVE TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
Elizabeth AndrusELIZABETH ANDRUS
ELECTIVE TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
Dan AvchenDAN AVCHEN
ELECTIVE TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
Chanda Smith BakerCHANDA SMITH BAKER
ELECTIVE TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
John ButcherJOHN BUTCHER
ELECTIVE TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
James CahnJAMES CAHN
ELECTIVE TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
Lynn CaseyLYNN CASEY
ELECTIVE TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
Page Knudsen CowlesPAGE KNUDSEN COWLES
ELECTIVE TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
Bert ColianniBERT COLIANNI
ELECTIVE TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
Maria GaleMARIA GALE
ELECTIVE TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
Michael GoarMICHAEL GOAR
ELECTIVE TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
Martha HeadMARTHA HEAD
ELECTIVE TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
Christopher HoweCHRISTOPHER HOWE
ELECTIVE TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
Hubert JolyHUBERT JOLY
ELECTIVE TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
Shannon Smith JonesSHANNON SMITH JONES
ELECTIVE TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
Velma KorbelVELMA KORBEL
ELECTIVE TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
Jamie LockahrtJAMIE LOCKAHRT
ELECTIVE TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
Lucy MitchellLUCY MITCHELL
ELECTIVE TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
Sheila MorganSHEILA MORGAN
ELECTIVE TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
Mahmoud MagibMAHMOUD MAGIB
ELECTIVE TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
Katie SimpsonKATIE SIMPSON
ELECTIVE TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
Abdi WarsameABDI WARSAME
ELECTIVE TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
Tim WelshTIM WELSH
ELECTIVE TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
Jane WilfJANE WILF
ELECTIVE TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
David WilsonDAVID WILSON
ELECTIVE TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
Gerald Erickson JrGERALD ERICKSON JR
ELECTIVE TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
David WeyerhaeuserDAVID WEYERHAEUSER
ELECTIVE TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
Julie RosenJULIE ROSEN
ELECTIVE TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
Mary ReyeltsMARY REYELTS
ELECTIVE TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
Gonzalo PetschenGONZALO PETSCHEN
ELECTIVE TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
Noel Bennett PattersonNOEL BENNETT PATTERSON
ELECTIVE TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
Burton CohenBURTON COHEN
LIFE TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
Beverly GrossmanBEVERLY GROSSMAN
LIFE TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
Al HarrisonAL HARRISON
LIFE TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
David M LebedoffDAVID M LEBEDOFF
LIFE TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
Tim Walz Governor State Of MinnesotTIM WALZ GOVERNOR STATE OF MINNESOT
TRUSTEE BY VIRTUE OF OFFIC
- Total calculated
- $0
- Hours/week
- 1
-
Jacob Frey Mayor City Of MinneapoliJACOB FREY MAYOR CITY OF MINNEAPOLI
TRUSTEE BY VIRTUE OF OFFIC
- Total calculated
- $0
- Hours/week
- 1
-
Kari Dziedzic Minnesota State SenatKARI DZIEDZIC MINNESOTA STATE SENAT
TRUSTEE BY VIRTUE OF OFFIC
- Total calculated
- $0
- Hours/week
- 1
-
Irene Fernando Chair Hennepin CountIRENE FERNANDO CHAIR HENNEPIN COUNT
TRUSTEE BY VIRTUE OF OFFIC
- Total calculated
- $0
- Hours/week
- 1
-
Steffanie Musich Commissioner DistrSTEFFANIE MUSICH COMMISSIONER DISTR
TRUSTEE BY VIRTUE OF OFFIC
- Total calculated
- $0
- Hours/week
- 1
-
Melissa Hortman Minnesota State RepMELISSA HORTMAN MINNESOTA STATE REP
TRUSTEE BY VIRTUE OF OFFIC
- Total calculated
- $0
- Hours/week
- 1
-
Barbara Proeschel President FriendsBARBARA PROESCHEL PRESIDENT FRIENDS
TRUSTEE BY VIRTUE OF OFFIC
- Total calculated
- $0
- Hours/week
- 1
-
Nicole BernsNICOLE BERNS
SENIOR EXECUTIVE ASSISTANT
- Total calculated
- $91,470
- From this org
- $74,243
- From related orgs
- $0
- Other
- $17,227
- Hours/week
- 40
-
Benjamin MurrayBENJAMIN MURRAY
CFO
- Total calculated
- $20,132
- From this org
- $20,132
- From related orgs
- $0
- Other
- $0
- Hours/week
- 40
-
Matthew WelchMATTHEW WELCH
DEPUTY DIRECTOR AND CHIEF CURATOR
- Total calculated
- $328,305
- From this org
- $296,444
- From related orgs
- $0
- Other
- $31,861
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $264,583
- Bonus
- $0
- Other
- $31,861
- Deferred
- $23,319
- Nontaxable benefits
- $8,542
- Filer's total
- $328,305
-
Julianne AmendolaJULIANNE AMENDOLA
CHIEF ADVANCEMENT OFFICER
- Total calculated
- $252,775
- From this org
- $232,977
- From related orgs
- $0
- Other
- $19,798
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $213,179
- Bonus
- $0
- Other
- $19,798
- Deferred
- $11,487
- Nontaxable benefits
- $8,311
- Filer's total
- $252,775
-
Michael SandersMICHAEL SANDERS
COO
- Total calculated
- $236,118
- From this org
- $230,096
- From related orgs
- $0
- Other
- $6,022
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $224,074
- Bonus
- $0
- Other
- $6,022
- Deferred
- $0
- Nontaxable benefits
- $6,022
- Filer's total
- $236,118
-
Virajita SinghVIRAJITA SINGH
CHIEF DIVERSITY & INCLUSIO
- Total calculated
- $202,839
- From this org
- $202,379
- From related orgs
- $0
- Other
- $460
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $201,919
- Bonus
- $0
- Other
- $460
- Deferred
- $0
- Nontaxable benefits
- $460
- Filer's total
- $202,839
-
Steven BaderSTEVEN BADER
CONTROLLER/INTERIM CFO
- Total calculated
- $223,910
- From this org
- $194,032
- From related orgs
- $0
- Other
- $29,878
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $164,154
- Bonus
- $0
- Other
- $29,878
- Deferred
- $10,139
- Nontaxable benefits
- $19,739
- Filer's total
- $223,910
-
Andreas MarksANDREAS MARKS
CURATOR OF JAPANESE AND KOREAN ARTS
- Total calculated
- $197,950
- From this org
- $180,872
- From related orgs
- $0
- Other
- $17,078
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $163,794
- Bonus
- $0
- Other
- $17,078
- Deferred
- $9,130
- Nontaxable benefits
- $7,948
- Filer's total
- $197,950
-
Yang LiuYANG LIU
CURATOR OF CHINESE ART
- Total calculated
- $199,404
- From this org
- $170,730
- From related orgs
- $0
- Other
- $28,674
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $142,056
- Bonus
- $0
- Other
- $28,674
- Deferred
- $8,981
- Nontaxable benefits
- $19,693
- Filer's total
- $199,404
-
Rachel McGarryRACHEL MCGARRY
CHAIR OF EUROPEAN ART
- Total calculated
- $199,132
- From this org
- $170,479
- From related orgs
- $0
- Other
- $28,653
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $141,826
- Bonus
- $0
- Other
- $28,653
- Deferred
- $8,962
- Nontaxable benefits
- $19,691
- Filer's total
- $199,132
-
Valeria PiccoliVALERIA PICCOLI
CHAIR OF THE ARTS OF AMERICAS
- Total calculated
- $177,619
- From this org
- $169,344
- From related orgs
- $0
- Other
- $8,275
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $161,069
- Bonus
- $0
- Other
- $8,275
- Deferred
- $0
- Nontaxable benefits
- $8,275
- Filer's total
- $177,619
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 · Written employment contract
- 3 · Compensation survey or study
- 3 · Approval by the board or compensation committee
- 4b · Supplemental nonqualified retirement plan
Answered no
- 4a · Severance or change-of-control payment
- 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
The filer's explanations (Part III)
- PART I, LINE 4B
- PATRICIA GRAZZINI PARTICIPATES IN 457(B) AND 457(F) NON-QUALIFIED RETIREMENT PLANS APPROVED BY THE BOARD OF TRUSTEES ON DECEMBER 17, 2001. CONTRIBUTIONS FOR THESE PLANS ARE REFLECTED IN OTHER REPORTABLE COMPENSATION AND DEFERRED COMPENSATION. CONTRIBUTIONS AND CHANGE IN VALUE TO THE 457(F) PLAN FOR CALENDAR YEAR 2023 TOTALED $10,213. KATIE LUBER PARTICIPATED IN 457(B) AND 457(F) NON-QUALIFIED RETIREMENT PLANS APPROVED BY THE BOARD OF TRUSTEES. CONTRIBUTIONS FOR THESE PLANS ARE REFLECTED IN OTHER REPORTABLE COMPENSATION AND DEFERRED COMPENSATION. CHANGE IN VALUE TO THE 457(F) PLAN FOR CALENDAR YEAR 2023 TOTALED $40,000. MATTHEW WELCH PARTICIPATED IN 457(B) AND 457(F) NON-QUALIFIED RETIREMENT PLANS APPROVED BY THE BOARD OF TRUSTEES. CONTRIBUTIONS FOR THESE PLANS ARE REFLECTED IN OTHER REPORTABLE COMPENSATION AND DEFERRED COMPENSATION. CHANGE IN VALUE TO THE 457(F) PLAN FOR CALENDAR YEAR 2023 TOTALED $8,745.
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.
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.
-
501(C)(3) · PERPETUAL TRUST · MN · controlled entity
Directly controlled by MINNEAPOLIS SOCIETY OF FINE ARTS
-
501(C)(3) · PERPETUAL TRUST · MN · controlled entity
Directly controlled by MINNEAPOLIS SOCIETY OF FINE ARTS
-
LILLIAN ZENOBIA TURNBLAD TRUST
501(C)(3) · PERPETUAL TRUST · MN · controlled entity
Directly controlled by MINNEAPOLIS SOCIETY OF FINE ARTS
Provenance
- Return type
- form_990
- Tax year
- 2023
- Filed
- 28 April 2025
- IRS schema version
- 2023v6.0
- Source object
- 202511209349302661
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