Overview
What is Minneapolis Society Of Fine Arts?
The Minneapolis Institute of Arts, formerly known as the Minneapolis Society of Fine Arts, is a vibrant nonprofit organization located in Minneapolis, Minnesota, with a workforce of 311 individuals. Their primary mission is to enrich the community by collecting, preserving, and making accessible outstanding works of art from diverse cultures around the world. During the fiscal year ending June 30, 2022, they showcased numerous exhibitions, including works by Leslie Barlow, Van Gogh, contemporary women photographers, and many others. Their activities reflect a commitment to presenting a rich and varied artistic landscape, inspiring and educating the public. The Minneapolis Institute of Arts is a hub for artistic exploration and expression, with publications and artist residencies being essential components of their offerings.
Official website here: www.artsmia.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 94% (Four-Star out of Four Stars)
The Minneapolis Society Of Fine Arts has earned a strong Four-Star rating from Charity Navigator, reflecting its commitment to accountability and financial health. With an impressive overall score of 94%, the organization demonstrates effective management practices, ensuring that a significant portion of its funds goes directly toward its programs, with a program expense ratio of 80.95%.
The organization boasts a fully independent board, which enhances its governance structure, and has successfully implemented robust financial oversight with no material diversion of assets reported. Additionally, its transparent practices are evident through policies on conflicts of interest and whistleblower protections, alongside regular reporting of CEO compensation.
However, while the financial metrics signal a healthy organization, potential donors should consider that the effectiveness of its programs and how they impact the community are not covered in this financial overview. Still, the financial stability and governance practices signify a trustworthy nonprofit organization.
This AI summary has been generated from information found on Charity Navigator.
Is Minneapolis Society Of Fine Arts legitimate?
Minneapolis Society Of Fine Arts is a legitimate nonprofit organization registered as a 501(c)(3) entity. Minneapolis Society Of Fine Arts submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
Heare are some key statistics you may want to consider:
Executive Compensation: $1,814,764
Professional Fundraising Fees: $0
Other Salaries and Wages: $12,282,875
For more financial information, click here
Official website here: www.artsmia.org
What is the mission statement of Minneapolis Society Of Fine Arts?
The Minneapolis Institute of Arts (MIA) enriches its community by collecting, preserving, and making accessible outstanding works of art from diverse cultures. The institution's mission is to bring outstanding art to the public, fostering creativity, knowledge, and connection. Through its exhibitions, MIA showcases a wide range of art from various periods, including contemporary prints, photography, and textiles. Additionally, the organization presents educational programs and publications, providing opportunities for learning and engagement with the art world. MIA's collections span numerous artistic mediums and historical eras, offering visitors a rich and dynamic cultural experience. The institution's commitment to accessibility ensures that these valuable works are available to a broad audience, enriching their lives and broadening their horizons.
Official website here: www.artsmia.org
Who is the CEO of Minneapolis Society Of Fine Arts?
Katie Luber is the Director & President of Minneapolis Society Of Fine Arts.
Official website here: www.artsmia.org
What is the revenue of Minneapolis Society Of Fine Arts?
Minneapolis Society Of Fine Arts's revenue in 2022 was $54,407,955.
Official website here: www.artsmia.org
Who are the executives of Minneapolis Society Of Fine Arts and what are their salaries?
The average compensation at Minneapolis Society Of Fine Arts during 2022 was $45,330. There are 311 employees and 458 volunteers at Minneapolis Society Of Fine Arts.
Here are 71 key members and their salaries:
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- Other: $18,187
Official website here: www.artsmia.org
Where can I find the form 990 for Minneapolis Society Of Fine Arts?
Minneapolis Society Of Fine Arts's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.artsmia.org
Learn more at the official website: www.artsmia.org
Mission Statement of Minneapolis Society Of Fine Arts
The Minneapolis Society of Fine Arts, also known as the Minneapolis Institute of Arts, is a renowned cultural institution dedicated to enriching the community by collecting, preserving, and making accessible outstanding works of art from around the world. This organization, with a mission that breathes life into the hearts of art enthusiasts and novices alike, is committed to broadening horizons through diverse cultural expression.
The Minneapolis Institute of Arts is a beacon of creativity and knowledge, offering a myriad of exhibitions that showcase an array of artistic styles and techniques. From contemporary prints to ancient Chinese paintings, the institute's exhibitions offer a passage to various civilizations and artistic movements, allowing visitors to explore the rich tapestry of human artistic expression. Moreover, the organization is a hub for artists in residence, providing a space for creativity to flourish and for new ideas to take root.
Through its commitment to making art accessible, the Minneapolis Institute of Arts fosters an inclusive environment for all to engage with and learn from the works of art on display. By preserving these priceless pieces, the organization ensures that future generations can continue to be inspired and enriched by the power of art. With a focus on both historical and contemporary works, this institution stands as a testament to the enduring value of art and its ability to bridge cultural divides.
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Impact
October, 2024
The Minneapolis Society of Fine Arts profoundly enriches the community by collecting, preserving, and making accessible remarkable works of art that reflect the world's diverse cultures. Its impactful exhibitions, such as "Van Gogh and the Olive Groves," "Supernatural America: The Paranormal in American Art," and contemporary showcases like "Leslie Barlow: Within, Between, and Beyond," provide unparalleled access to thought-provoking art and cultural dialogue.
These exhibitions not only celebrate artistic excellence but also engage the community in critical conversations about identity, history, and social issues. For instance, initiatives like "Racism as a Public Health Crisis: Youth and Professional Artists Respond" highlight pressing societal concerns, amplifying voices that foster understanding and empathy.
Moreover, the Society promotes creative expression through events like artist residencies and educational programs, encouraging both emerging and established artists. This commitment to education and engagement supports a vibrant arts ecosystem, making art accessible and relevant to a diverse audience.
By facilitating access to significant cultural experiences and fostering community connections, the Minneapolis Society of Fine Arts plays a vital role in enhancing the cultural fabric of Minneapolis, inspiring individuals, and shaping a dynamic artistic landscape.
This information is meant to be a general summary of Minneapolis Society Of Fine Arts. Please take the time to review official sources before making any decisions based upon the content provided here.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Investment Income: $7,016,299
- Program Service Revenue: $2,471,946
- Gross Receipts: $82,338,851
Assets and Liabilities:
- Total Assets: $352,031,826
- Total Liabilities: $6,472,744
- Net Assets: $345,559,082
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
RENTALS/REIMBURSEMENTS
Revenue
$1,328,541
PROGRAM ADMISSIONS/FEE
Revenue
$1,024,988
CLASSES AND PROGRAMS
Revenue
$84,709
OTHER PROGRAM SERVICE
Revenue
$33,708
Organization Details
Founding Year
1883
Phone
(612) 870-3046Principal Officer
Katie Luber
Main Address
2400 THIRD AVENUE SOUTH, MINNEAPOLIS, MN, 55404
Website
www.artsmia.orgNTEE Category
Code: A510 - Arts
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