MINNEAPOLIS COLLEGE OF ART & DESIGN

As filed

Subsection

03

NTEE code

B430

Classification

2000

Street

2501 STEVENS AVE

These codes are the IRS's own and are shown exactly as filed. What each one means is in the Business Master File documentation (opens in a new tab).

Mission and programs · 2024

• MCAD TRANSFORMS THE WORLD THROUGH CREATIVITY AND PURPOSE BY EDUCATING INDIVIDUALS TO BE PROFESSIONAL ARTISTS AND DESIGNERS, PIONEERING THINKERS, CREATIVE LEADERS, AND ENGAGED GLOBAL CITIZENS. WITH A CURRICULUM THAT IS BASED ON THE BELIEF THAT TO BECOME A PROFESSIONAL ARTIST, DESIGNER, OR VISUALIZER, ONE MUST STUDY THEORY, SKILL, FORM, AND CONTENT, ALL MCAD PROGRAMS CENTER ON THE DEVELOPMENT OF STUDIO AND PROFESSIONAL SKILLS THAT ENCOURAGE STUDENTS TO THINK CONCEPTUALLY, FORMULATE CREATIVE SOLUTIONS, AND MAKE ART. ALL MCAD PROGRAMS CHALLENGE STUDENTS TO PROGRESS TO THE HIGHEST LEVELS OF ARTISTIC EXPRESSION AND INTELLECTUAL INVESTIGATION.MCAD'S FOUR-YEAR CURRICULUM INTEGRATES THE LIBERAL ARTS INTO EIGHT BACHELOR OF FINE ARTS DEGREE MAJORS IN ANIMATION, COMIC ART, CREATIVE WRITING, FINE ARTS, GRAPHIC DESIGN, MEDIA ARTS, ILLUSTRATION, AND PRODUCT AND FURNITURE DESIGN, PLUS A FOUR-YEAR BACHELOR OF SCIENCE DEGREE PROGRAM IN CREATIVE ENTREPRENEURSHIP. STUDENTS CAN MINOR IN ADVERTISING, ANIMATION, ART HISTORY, COMIC ART, CREATIVE WRITING, CURATORIAL STUDIES, ENGAGED AND PUBLIC ARTS, ENTREPRENEURSHIP, EXPERIMENTAL GAMES, GRAPHIC DESIGN, ILLUSTRATION, PRINT PAPER BOOK, SOUND, AND TEACHING ARTS.ADVANCED DEGREES OFFERED AT MCAD INCLUDE A TWO-YEAR MASTER OF FINE ARTS DEGREE PROGRAM IN VISUAL STUDIES; A 30-CREDIT ONLINE MASTER OF ARTS DEGREE PROGRAM IN SUSTAINABLE DESIGN; A 30-CREDIT ONLINE MASTER OF ARTS DEGREE PROGRAM IN GRAPHIC AND WEB DESIGN; AND A FIFTEEN-MONTH ONLINE/LOW-RESIDENCY MASTER OF ARTS DEGREE PROGRAM IN CREATIVE LEADERSHIP. MCAD ALSO OFFERS EDUCATIONAL OPPORTUNITIES TO THE GENERAL PUBLIC THROUGH ITS CONTINUING EDUCATION, ONLINE LEARNING, AND EXHIBITION PROGRAMS.IN 2023, MCAD EXPANDED ITS CAMPUS BY ACQUIRING A BUILDING ADJACENT TO THE CAMPUS TO EXPAND STUDENT HOUSING CAPACITY. MCAD NOW REQUIRES ON CAMPUS RESIDENCY FOR FIRST- AND SECOND-YEAR STUDENTS THAT IMPROVES THE STUDENT EXPERIENCE AND SENSE OF COMMUNITY. THE PEER MENTOR PROGRAM WAS UPDATED TO INCLUDE MORE ROBUST TRAINING FOR THE MENTORS AS WELL AS MORE STRUCTURE AROUND EVENTS, BRINGING FIRST YEAR STUDENTS TOGETHER. AS THE FOUNDATIONS CORE CURRICULUM CONTINUES TO EVOLVE, ALONG WITH THE RESIDENCY REQUIREMENT AND THE IMPROVED PEER MENTOR PROGRAM, THERE HAS BEEN A CLEAR POSITIVE IMPACT ON FIRST YEAR RETENTION AND OVERALL STUDENT SUCCESS.

  Expenses $37,525,203 · Grants $17,837,086 · Revenue $38,883,147

As filed on the 2024 return. The filer continues this part on Schedule O, which is not shown here.

Officers and directors · 2024

As listed in Part VII of the 2024 return, in the order the filer printed them. Each return names its own; this is not a roster the organization keeps with us.

The first 25 listed. 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. Earlier years are each on their own filing page.

Filings

• 2024

  Revenue

  $40,585,478

  Expenses

  $46,504,971

  Contributions

  $2,119,088

  Grants paid

  $17,837,086

• 2023

  Revenue

  $45,829,228

  Expenses

  $44,299,244

  Contributions

  $3,150,608

  Grants paid

  $16,276,209

• 2022

  Revenue

  $36,079,383

  Expenses

  $42,699,410

  Contributions

  $2,178,978

  Grants paid

  $15,526,051

The four totals the IRS asks for on Part I of the Form 990, as filed. A dash means the figure was not present on the return — not that it was zero.

Other returns filed

• 2021 · 990

  Revenue

  $41,322,391

  Expenses

  $41,458,343

  Assets (EOY)

  $94,159,332

• 2020 · 990

  Revenue

  $37,306,489

  Expenses

  $36,426,772

  Assets (EOY)

  $102,060,839

• 2019 · 990

  Revenue

  $37,447,640

  Expenses

  $36,707,484

  Assets (EOY)

  $91,043,825

• 2018 · 990

  Revenue

  $36,897,761

  Expenses

  $35,685,405

  Assets (EOY)

  $91,825,327

• 2017 · 990

  Revenue

  $36,922,051

  Expenses

  $33,802,600

  Assets (EOY)

  $93,984,466

• 2016 · 990

  Revenue

  $34,379,744

  Expenses

  $32,774,560

  Assets (EOY)

  $87,682,659

• 2015 · 990

  Revenue

  $32,750,181

  Expenses

  $30,881,172

  Assets (EOY)

  $82,333,807

• 2014 · 990

  Revenue

  $50,977,097

  Expenses

  $28,840,079

  Assets (EOY)

  $83,911,221

• 2013 · 990

  Revenue

  $30,752,672

  Expenses

  $27,890,066

  Assets (EOY)

  $80,417,046

• 2012 · 990

  Revenue

  — not reported

  Expenses

  $26,422,545

  Assets (EOY)

  $71,780,618

Nonprofiteer parses Forms 990, 990-EZ and 990-PF, in a window of recent tax years. These returns are recorded from the IRS e-file index, so their figures were extracted by that index rather than read from the return here — treat them as a different source from the filings above, not as more of the same record. A dash means the index carries no figure; Form 990-T listings carry none at all. Showing the 10 most recent; the API carries the rest.

Grants made

No itemized grants to organizations. Schedule I is filed only by organizations that granted more than $5,000 to a recipient, so most filers have none.

Grants received

• FIDELITY INVESTMENTS CHARITABLE GIFT FUND

  $297,200

  2022 · For grant recipient's exempt purposes

• MINNEAPOLIS FOUNDATION

  $237,901

  2024 · DONOR ADVISED, EDUCATION

• ETHEL M VANDERLIP TRUST 1379

  $225,602

  2024 · GENERAL SUPPORT

• ETHEL M VANDERLIP TRUST 1379

  $223,992

  2023 · GENERAL SUPPORT

• MINNEAPOLIS FOUNDATION

  $218,824

  2022 · DONOR-RECOMMENDED, EDUCATION

• ETHEL M VANDERLIP TRUST 1379

  $215,627

  2022 · GENERAL SUPPORT

• MINNEAPOLIS FOUNDATION

  $209,529

  2023 · EDUCATION, DONOR-ADVISED, EDUCATION

• FIDELITY INVESTMENTS CHARITABLE GIFT FUND

  $139,050

  2024 · For grant recipient's exempt purposes

• FIDELITY INVESTMENTS CHARITABLE GIFT FUND

  $123,200

  2023 · For grant recipient's exempt purposes

• JOHN R VANDERLIP TR U/A 1062 NECT

  $104,590

  2025 · GENERAL SUPPORT

The 10 largest by cash amount. The API serves every itemized grant.

Related organizations

From Schedule R Part II, where a filer lists the tax-exempt organizations it is related to by control. It does not record shared board members or money.

Other IRS files