MINNEAPOLIS COLLEGE OF ART AND DESIGN Charity Report

Public IRS 990 nonprofit record

MINNEAPOLIS COLLEGE OF ART AND DESIGN

EIN 41-1607453 · Education (B430)

What they do

MCAD PROVIDES A TRANSFORMATIVE EDUCATION WITHIN A COMMUNITY of SUPPORT for CREATIVE STUDENTS of ALL BACKGROUNDS to WORK, COLLABORATE, and LEAD WITH CONFIDENCE IN A DYNAMIC, INTERCONNECTED WORLD.

Before you give

Should I give to this charity?

Easy charity check

Look at where the money went

Of every $100 spent, about $80.70 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 leaders33 people are listed in the latest report.

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

Money made simple

92.46%of revenue went to mission work80.7% of expenses · Program services

1.81%of revenue went to fundraising1.6% of expenses

$114.59spent for every $100 of revenueSpending was higher than revenue this year.

20.31%of revenue went to management and office costs17.7% of expenses

$2.33in assets for every $1 spent this yearSome assets cannot be spent right away.

5.2%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.

Worth asking: Expenses exceeded revenue by $5,919,493 this year. Ask whether that was planned or caused by a one-time event.

Pay context: The highest compensation shown in this filing is $403,142 for SANJIT SETHI (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$40,585,478

Mission workProgram services$37,525,20392.46% of revenue80.7% of expenses

ManagementOffice and general costs$8,244,34320.31% of revenue17.7% of expenses

FundraisingAsking for donations$735,4251.81% of revenue1.6% of expenses

Total expenses$46,504,971114.59% of revenue

Expenses were greater than revenue, so the colored ring fills the available $100 and the total above 100% is shown below.

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: 80.7% mission · 17.7% management · 1.6% fundraisingTotal expenses: 114.59% of revenue

2023Expense mix: 80.1% mission · 17.7% management · 2.2% fundraisingTotal expenses: 96.66% of revenue

2022Expense mix: 86.5% mission · 10.4% management · 3.1% fundraisingTotal expenses: 118.35% of revenue

2021Expense mix: 85.8% mission · 12.5% management · 1.7% fundraisingTotal expenses: 100.33% of revenue

2020Expense mix: 86.5% mission · 11.6% management · 1.8% fundraisingTotal expenses: 97.64% of revenue

2019Expense mix: 86.8% mission · 11.9% management · 1.3% fundraisingTotal expenses: 98.02% of revenue

2018Expense mix: 89.2% mission · 8.8% management · 2.1% fundraisingTotal expenses: 96.71% of revenue

2017Expense mix: 88.1% mission · 10.4% management · 1.6% fundraisingTotal expenses: 91.55% of revenue

Money in and money out

Revenue$40,585,478

Expenses$46,504,971

Annual shortfall $5,919,493 Expenses were higher than revenue 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)$37,525,203 · 80.7% of expenses

Management and office costs$8,244,343 · 17.7% of expenses

Fundraising$735,425 · 1.6% of expenses

See all reported dollar amounts

Revenue$40,585,478

Expenses$46,504,971

Assets$108,484,637

Income$48,345,106

Contributions$2,119,088

Mission work (program services)$37,525,203

Fundraising$735,425

Grants given$10,000

Average grant$10,000

Management and general$8,244,343

Stocks and bonds$56,742,224

Accounting fees$121,599

Investing fees$53,434

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

SANJIT SETHIPRESIDENT · 40 hrs/week $403,142Base $378,491 · Other $24,651

MARY ALMA NOONANCFO · 40 hrs/week $199,927Base $177,734 · Other $22,193

ROBERT RANSICKVP OF ACADEMIC AFFAIRS · 40 hrs/week $197,240Base $158,796 · Other $38,444

ANNIE CLEVELANDVP OF COMMUNICATIONS · 40 hrs/week $178,344Base $135,168 · Other $43,176

MELISSA HUYBRECHTVP OF ENROLLMENT MANAGEMENT · 40 hrs/week $154,227Base $146,187 · Other $8,040

JENNIFER ZUCCOLAVP OF STUDENT AFFAIRS · 40 hrs/week $153,794Base $128,677 · Other $25,117

MATTHEW HOBANAVP TECHNOLOGY · 40 hrs/week $132,561Base $119,987 · Other $12,574

PAULA ANDERSONAVP OF FACILITIES · 40 hrs/week $124,223Base $113,193 · Other $11,030

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 (33)

SANJIT SETHIPRESIDENT

MARY ALMA NOONANCFO

ROBERT RANSICKVP OF ACADEMIC AFFAIRS

ANNIE CLEVELANDVP OF COMMUNICATIONS

MELISSA HUYBRECHTVP OF ENROLLMENT MANAGEMENT

JENNIFER ZUCCOLAVP OF STUDENT AFFAIRS

MATTHEW HOBANAVP TECHNOLOGY

PAULA ANDERSONAVP OF FACILITIES

MARION PARKETRUSTEE

KRISTINE ANDERSONTRUSTEE

MARK D PIHLSTROMIMMEDIATE PAST CHAIR

MARTHA DAYTONTRUSTEE

ME MARTHA KIRWANCO-CHAIR

NEIL TULITRUSTEE

ROSEMARY UGBOAJAHTRUSTEE

SUSAN CALMENSONLIFE TRUSTEE

TARA DEVTRUSTEE

WIN HORNIGTRUSTEE

LAURA AUSTRIANTRUSTEE

KOBBY APPIAHTRUSTEE

KENNETH PIPERTRUSTEE

JEAN FREEMANTRUSTEE

HUNTER PALMER WRIGHTIMMEDIATE PAST CHAIR

HEATHER MATTERATRUSTEE

GREG VAN BELLINGERTRUSTEE

GREG HOFFMAN 92TRUSTEE

GREG MCGEETRUSTEE

ELLIOT FELIXTRUSTEE

CY DECOSSE 52LIFE TRUSTEE

CLINTON H MORRISONLIFE TRUSTEE

CHRIS BARRYCO-CHAIR

BRUCE BEANLIFE TRUSTEE

BATALIA MCFARLANETRUSTEE

About this charity

Recognized since: January 1988
Location: 2501 STEVENS AVE, MINNEAPOLIS, MN 55404-4347
County: Hennepin
In care of: % ACCOUNTING DEPARTMENT
Primary officer: MARY ALMA NOONAN, CFO - VP

How to reach them

WebsiteVisit the charity’s website Phone(612) 874-3700

Filing and classification

Latest tax year: 2024
Tax period began: June 1, 2024
Return type: 990
Tax preparer: CLIFTONLARSONALLEN LLP
NTEE classification: Education (B430)
Grant-giving organization: Yes