Totals
- Total revenue
- $5,866,860
- Total expenses
- $305,676
- Contributions and grants received
- $2,226,185
- Grants paid
- $0
- Program service revenue
- $0
- Investment income
- $3,640,675
- Other revenue
- $0
- Total assets, end of year
- $94,173,991
- Total liabilities, end of year
- $990,807
- Net assets or fund balances, end of year
- $93,183,184
- Program services expenses (Part IX)
- $0
- Management and general expenses
- $285,549
- Fundraising expenses
- $20,127
- Program service expenses (Part III)
- not reported
Program services were 0.0% 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
$2,226,185
-
3 · Investment income
total $3,490,007 · excluded $3,490,007
-
7a · Gross sales of assets other than inventory
securities $149,658,831
-
7b · Less cost or other basis and sales expenses
securities $149,508,163
-
7c · Gain or loss
securities $150,668
-
7d · Net gain or loss
total $150,668 · excluded $150,668
Functional expenses
Part IX, the statement of functional expenses.
-
7 · Other salaries and wages
total $111,159 · management and general $101,283 · fundraising $9,876
-
9 · Other employee benefits
total $23,431 · management and general $21,349 · fundraising $2,082
-
10 · Payroll taxes
total $8,388 · management and general $7,643 · fundraising $745
-
11c · Fees: accounting
total $27,333 · management and general $27,333
-
11f · Fees: investment management
total $91,846 · management and general $91,846
-
11g · Fees: other
total $25 · management and general $25
-
13 · Office expenses
total $972 · management and general $972
-
14 · Information technology
total $3,654 · management and general $3,373 · fundraising $281
-
16 · Occupancy
total $408 · management and general $377 · fundraising $31
-
17 · Travel
total $8,496 · management and general $7,741 · fundraising $755
-
23 · Insurance
total $23,070 · management and general $23,070
-
24a · Other expenses: FUNDRAISING
total $3,293 · fundraising $3,293
-
24b · Other expenses: POSTAGE & SHIPPING
total $2,540 · management and general $254 · fundraising $2,286
-
24c · Other expenses: BANK & CREDIT CARD CHAR
total $1,061 · management and general $283 · fundraising $778
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $111,525 · end of year $90,152
-
9 · Prepaid expenses and deferred charges
end of year $10,513
-
10a · Land, buildings and equipment: cost or other basis
$2,269,845
-
10b · Land, buildings and equipment: accumulated depreciation
$0
-
10c · Land, buildings and equipment, net
beginning of year $925,000 · end of year $2,269,845
-
11 · Investments: publicly traded securities
beginning of year $75,151,303 · end of year $62,381,415
-
15 · Other assets
beginning of year $12,910,816 · end of year $29,422,066
-
17 · Accounts payable and accrued expenses
beginning of year $1,631,266 · end of year $990,807
-
27 · Net assets without donor restrictions
end of year $93,183,184
Mission and programs · 2024
Mission
MINNESOTA MASTERPIECE HALL'S MISSION IS TO BUILD COMMUNITIES THROUGH QUALITY EXPERIENCES BY PRESENTING ART MASTERWORKS, INTERNATIONALLY-RECOGNIZED CONCERT ARTISTS, AND INSPIRATIONAL EDUCATION PROGRAMS AT ACCESSIBLE PRICING, WHILE ALSO MAKING THE FACILITY AVAILABLE FOR OTHER NON-PROFIT ORGANIZATIONS.
Activities or mission (Part I)
THE MISSION IS TO BUILD COMMUNITIES THROUGH QUALITY EXPERIENCES BY PRESENTING ART MASTERWORKS, INTERNATIONALLY-RECOGNIZED CONCERT ARTISTS, AND INSPIRATIONAL EDUCATION PROGRAMS AT ACCESSIBLE PRICING, WHILE ALSO MAKING THE FACILITY AVAILABLE FOR OTHER NON-PROFIT ORGANIZATIONS.
-
NO SERVICES PERFORMED IN 2024. THE ENTIRE YEAR WAS SPENT DESIGNING & CONSTRUCTING THE BUILDING, WHICH IS STILL ONGOING.
As filed on the 2024 return. The filer continues this part on Schedule O, which is not shown here.
Listed in Part VII
-
Mary BurrichterMARY BURRICHTER
CHAIR
- Total calculated
- $0
- Hours/week
- 2
-
Ernie GormanERNIE GORMAN
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
Hugh MillerHUGH MILLER
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
Rachelle SchultzRACHELLE SCHULTZ
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
Cindy TelstadCINDY TELSTAD
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
Jeff Van FossenJEFF VAN FOSSEN
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
Elaine HaydockELAINE HAYDOCK
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
Ned KirkNED KIRK
CEO
- Total calculated
- $92,733
- From this org
- $92,733
- From related orgs
- $0
- Other
- $0
- Hours/week
- 1
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
No itemized grants to organizations on this return.
Provenance
- Return type
- form_990
- Tax year
- 2024
- Filed
- 6 November 2025
- IRS schema version
- 2024v5.2
- Source object
- 202533219349308228
Check it against the return as filed: the GivingTuesday Data Lake hosts a public copy of the original XML.
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