MINNEAPOLIS SOCIETY OF FINE ARTS DBA MINNEAPOLIS INSTITUTE OF ARTS Charity Report

Public IRS 990 nonprofit record

MINNEAPOLIS SOCIETY OF FINE ARTS DBA MINNEAPOLIS INSTITUTE OF ARTS

EIN 41-0693915 · Arts, Culture & Humanities (A510)

What they do

THE MINNEAPOLIS INSTITUTE of ART (MIA) ENRICHES THE COMMUNITY BY COLLECTING, PRESERVING, and MAKING ACCESSIBLE OUTSTANDING WORKS of ART FROM THE WORLDS DIVERSE CULTURES.

Before you give

Should I give to this charity?

Easy charity check

Look at where the money went

Of every $100 spent, about $78.80 was reported for mission work. Use the spending picture below and ask what results that work produced.

Plain answer: A tax form cannot prove that a charity is doing good. It can show how the charity says it spent its money—and point out questions you should ask.

Basic facts we verified

IRS warning checkNo IRS revocation warning appears in this data.

Money report from 2024The charity has a recent tax report to read.

They explain their jobThe charity tells us what it is trying to do.

They name their leaders65 people are listed in the latest report.

You can reach themThey list contact information, so you can ask questions.

Money made simple

70.50%of revenue went to mission work78.8% of expenses · Program services

6.80%of revenue went to fundraising7.6% of expenses

$89.50spent for every $100 of revenueRevenue covered expenses this year.

12.20%of revenue went to management and office costs13.6% of expenses

$8.51in assets for every $1 spent this yearSome assets cannot be spent right away.

64.7%of its money came from giftsOther money may come from services or investments.

Ask these three easy questions

Who did you help? Ask for a recent story or report that shows real results.
What will my money do? Ask exactly what your gift will pay for.
Is this really the charity? Give only through its official website or confirmed phone number.

Pay context: The highest compensation shown in this filing is $721,885 for KATIE LUBER (DIRECTOR & PRESIDENT). Compare pay with organizations of similar size and complexity.

Bottom line: Do not decide from a name, mission statement, or tax status alone. Look at where the money went, then ask what changed, who was helped, and what your gift will do. YouCanGiveBack does not endorse or grade organizations.

Money

Financial picture

Tax year 2024

A plain-language look at the latest Form 990 figures available. These numbers help you ask better questions; they do not, by themselves, rate whether a charity is good or bad.

$100revenue

How each $100 of revenue was used

The large number compares each expense with revenue. The smaller number shows its share of total expenses.

Total reported revenue$57,720,775

Mission workProgram services$40,693,46170.50% of revenue78.8% of expenses

ManagementOffice and general costs$7,044,53512.20% of revenue13.6% of expenses

FundraisingAsking for donations$3,923,4716.80% of revenue7.6% of expenses

Revenue left after expensesReported annual surplus$6,059,30810.50% of revenueShown in gray on the chart

Total expenses$51,661,46789.50% of revenue

Gray means reported revenue left after expenses for this filing year. It does not necessarily mean cash sitting in a bank account.

Has the pattern changed?

Colored bars = expense mix: how each year’s expenses were divided. Total expenses vs. revenue shows whether the charity spent less or more than it received. The current filing is first.

YearExpense mixDetails

2024CurrentExpense mix: 78.8% mission · 13.6% management · 7.6% fundraisingTotal expenses: 89.50% of revenue

2023Expense mix: 78.5% mission · 16.5% management · 5.0% fundraisingTotal expenses: 94.36% of revenue

2022Expense mix: 81.0% mission · 14.2% management · 4.7% fundraisingTotal expenses: 79.47% of revenue

2021Expense mix: 80.6% mission · 14.6% management · 4.8% fundraisingTotal expenses: 77.27% of revenue

2020Expense mix: 81.2% mission · 14.7% management · 4.0% fundraisingTotal expenses: 81.68% of revenue

2019Expense mix: 78.8% mission · 15.5% management · 5.7% fundraisingTotal expenses: 121.03% of revenue

2018Expense mix: 80.4% mission · 14.7% management · 4.9% fundraisingTotal expenses: 100.52% of revenue

2017Expense mix: 81.4% mission · 13.7% management · 4.9% fundraisingTotal expenses: 94.43% of revenue

Money in and money out

Revenue$57,720,775

Expenses$51,661,467

Annual surplus $6,059,308 Revenue was higher than expenses for this filing year.

Reported spending amounts

Mission work means the Form 990 category called program services. These are reported accounting categories—not an independent measurement of results.

Mission work (program services)$40,693,461 · 78.8% of expenses

Management and office costs$7,044,535 · 13.6% of expenses

Fundraising$3,923,471 · 7.6% of expenses

See all reported dollar amounts

Revenue$57,720,775

Expenses$51,661,467

Assets$439,728,866

Income$125,834,357

Contributions$37,323,816

Mission work (program services)$40,693,461

Fundraising$3,923,471

Management and general$7,044,535

Executive compensation (total)$1,422,978

Stocks and bonds$40,515,789

Accounting fees$188,931

Investing fees$2,308,280

People

Leadership and board

Tax year 2024

Names, titles, time, and compensation below are reported by the organization on its Form 990.

People reported as paid

Person and titleCompensation

KATIE LUBERDIRECTOR & PRESIDENT · 40 hrs/week $721,885Base $628,522 · Other $93,363

PATRICIA GRAZZINIDEPUTY DIRECTOR & CHIEF OPERATING OFFICER/INTERI · 40 hrs/week $435,346Base $371,890 · Other $63,456

MATTHEW WELCHDEPUTY DIRECTOR & CHIEF CURATOR · 40 hrs/week $360,175Base $318,365 · Other $41,810

JULIANNE AMENDOLACHIEF ADVANCEMENT OFFICER · 40 hrs/week $265,940Base $241,033 · Other $24,907

STEVEN BADERCONTROLLER · 40 hrs/week $236,826Base $198,885 · Other $37,941

LYNN FARMERCHIEF AUDIENCE & ENGAGEMENT OFFICER · 40 hrs/week $225,152Base $199,691 · Other $25,461

VIRAJITA SINGHCHIEF DIVERSITY & INCLUSION OFFICER · 40 hrs/week $218,997Base $208,372 · Other $10,625

MICHAEL SANDERSCOO · 40 hrs/week $216,359Base $205,732 · Other $10,627

BEN MURRAYCFO · 40 hrs/week $213,507Base $213,028 · Other $479

RACHEL MCGARRYCHAIR & CURATOR EUROPEON ART · 40 hrs/week $212,800Base $176,261 · Other $36,539

YANG LIUCURATOR OF CHINESE ART · 40 hrs/week $212,493Base $175,964 · Other $36,529

ANDREAS MARKSCURATOR OF JAPANESE & KOREAN ARTS · 40 hrs/week $206,645Base $184,950 · Other $21,695

Compensation alone does not tell whether pay is reasonable. Consider the charity’s size, work, location, and results.

See everyone listed on the board or leadership roster (65)

KATIE LUBERDIRECTOR & PRESIDENT

PATRICIA GRAZZINIDEPUTY DIRECTOR & CHIEF OPERATING OFFICER/INTERI

MATTHEW WELCHDEPUTY DIRECTOR & CHIEF CURATOR

JULIANNE AMENDOLACHIEF ADVANCEMENT OFFICER

STEVEN BADERCONTROLLER

LYNN FARMERCHIEF AUDIENCE & ENGAGEMENT OFFICER

VIRAJITA SINGHCHIEF DIVERSITY & INCLUSION OFFICER

MICHAEL SANDERSCOO

BEN MURRAYCFO

RACHEL MCGARRYCHAIR & CURATOR EUROPEON ART

YANG LIUCURATOR OF CHINESE ART

ANDREAS MARKSCURATOR OF JAPANESE & KOREAN ARTS

VALERIA PICCOLICHAIR ARTS OF THE AMERICAS

NICOLE BERNSSENIOR EXECUTIVE ASSISTANT

MELISSA HORTMAN SPEAKER EMERITATRUSTEE BY VIRTUE OF OFFICE

LUCY MITCHELLELECTIVE TRUSTEE

MARGARET GRIEVEELECTIVE TRUSTEE

MARIA GALEELECTIVE TRUSTEE

MARTHA HEADELECTIVE TRUSTEE

MARY INGEBRAND-POHLADELECTIVE TRUSTEE

MARY REYELTSELECTIVE TRUSTEE

VELMA KORBELELECTIVE TRUSTEE

MAURICE BLANKSTREASURER

MEG FORNEY MPLS PARK RECTRUSTEE BY VIRTUE OF OFFICE

SHANNON JONESELECTIVE TRUSTEE

MICHAEL FRANCISELECTIVE TRUSTEE

TIM WALZ GOVERNOR STATE OF MNTRUSTEE BY VIRTUE OF OFFICE

MOLLY SITELECTIVE TRUSTEE

NIVIN MACMILLANELECTIVE TRUSTEE

NOEL BENNETT PATTERSONELECTIVE TRUSTEE

PAGE KNUDSEN COWLESELECTIVE TRUSTEE

TIM WELSHELECTIVE TRUSTEE

PATRICK G MAHONEYELECTIVE TRUSTEE

PIYUMI SAMARATUNGAVICE CHAIR

SHEILA MORGANELECTIVE TRUSTEE

GERALD ERICKSONELECTIVE TRUSTEE

AMY KERNSECRETARY

BARBARA PROESCHEL PRESIDENT FRIENDSTRUSTEE BY VIRTUE OF OFFICE

BERT COLIANNIELECTIVE TRUSTEE

BEVERLY GROSSMANLIFE TRUSTEE

BOBBIE JOE CHAMPION PRESIDENT MN SETRUSTEE BY VIRTUE OF OFFICE

BRAD RADICHELELECTIVE TRUSTEE

CHANDA SMITH BAKERELECTIVE TRUSTEE

CHRISTOPHER HOWEELECTIVE TRUSTEE

CHRISTOPHER K MURPHYELECTIVE TRUSTEE

DAN AVCHENELECTIVE TRUSTEE

DAVID WEYERHAEUSERELECTIVE TRUSTEE

DAVID M LEBEDOFFLIFE TRUSTEE

DESIRAE BUTLERELECTIVE TRUSTEE

ELIZABETH ANDRUSELECTIVE TRUSTEE

MAHMOUD MAGIBELECTIVE TRUSTEE

GONZALO PETSCHENELECTIVE TRUSTEE

HEATHER EDELSON HENNEPIN CTYTRUSTEE BY VIRTUE OF OFFICE

JACOB FREY MAYOR CITY OF MPLSTRUSTEE BY VIRTUE OF OFFICE

JAMIE LOCKAHARTELECTIVE TRUSTEE

JESSAMYN KERCHNERELECTIVE TRUSTEE

JOHN BUTCHERELECTIVE TRUSTEE

JOHN LINDAHLCHAIR

JORDAN RASMUSSEN ASST MINORITY LEADTRUSTEE BY VIRTUE OF OFFICE

JULIE ROSENELECTIVE TRUSTEE

KATIE SIMPSONELECTIVE TRUSTEE

KEN CUTLERVICE CHAIR

LISA DEMUTH SPEAKER OF HOUSETRUSTEE BY VIRTUE OF OFFICE

AL HARRISONLIFE TRUSTEE

LYNN CASEYELECTIVE TRUSTEE

About this charity

Recognized since: January 1967
Location: 2400 3RD AVE S, MINNEAPOLIS, MN 55404-3506
County: Hennepin
In care of: BENJAMIN MURRAY
Primary officer: BENJAMIN MURRAY, CFO

How to reach them

WebsiteVisit the charity’s website Emailvisit@artsmia.orgPress Phone(612) 870-3046

Filing and classification

Latest tax year: 2024
Tax period began: July 1, 2024
Return type: 990
Tax preparer: CLIFTONLARSONALLEN LLP
NTEE classification: Arts, Culture & Humanities (A510)
IRS tax category: Museums