Overview
What is Friends Of The M?
Friends of the M is a nonprofit organization established in 2017, primarily to support the Minnesota Museum of American Art. Incorporated for charitable and educational purposes, its mission is to aid and contribute to the museum's functions. This support includes facilitating financing for various projects, ultimately benefiting the overall mission of the Minnesota Museum of American Art. Based in St. Paul, Minnesota, the organization's address is 350 Robert Street North, 55101.
Is Friends Of The M legitimate?
Friends Of The M is a legitimate nonprofit organization registered as a 501(c)(3) entity. Friends Of The M 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:
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Professional Fundraising Fees: $0
Other Salaries and Wages: $0
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What is the mission statement of Friends Of The M?
Friends of The M is an organization established for charitable and educational purposes, primarily to support and aid in the operations of the Minnesota Museum of American Art. Its mission is to assist in carrying out the museum's purpose, thereby benefiting from its functions. This support includes securing new market tax credits and facilitating financing for the museum's projects. In essence, Friends of The M serves as a vital partner in the advancement of the Minnesota Museum of American Art, contributing to its educational and charitable objectives.
Who is the CEO of Friends Of The M?
Beth Bergman is the Chair of Friends Of The M.
What is the revenue of Friends Of The M?
Friends Of The M's revenue in 2022 was $135,075.
Who are the executives of Friends Of The M and what are their salaries?
Here are 4 key members and their salaries:
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Where can I find the form 990 for Friends Of The M?
Friends Of The M's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Friends Of The M
Friends of the M is an organization established with a charitable and educational purpose, dedicated to supporting and aiding the Minnesota Museum of American Art. The primary role of Friends of the M is to assist in carrying out the museum's purpose and enhance its functions. This nonprofit corporation operates exclusively for the benefit of the Minnesota Museum of American Art, contributing to its growth and development.
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Impact
October, 2024
Friends Of The M plays a significant role in enhancing the cultural landscape of St. Paul, Minnesota, by supporting the Minnesota Museum of American Art. Through its dedication to charitable and educational purposes, the organization facilitates essential funding and resources that bolster the museum’s operations and outreach.
In 2017, Friends Of The M secured new markets tax credits which are vital for financial sustainability and growth. This funding enables the museum to expand its exhibitions, educational programs, and community engagement initiatives. By acting as a facilitator for financing, Friends Of The M ensures that the museum can effectively carry out its mission of showcasing American art and serving the public, thereby enriching the local and broader artistic community.
The impact of Friends Of The M extends beyond mere financial support; it fosters a deeper appreciation for the arts within the community, provides educational opportunities, and encourages cultural dialogue. Through its concerted efforts, Friends Of The M not only aids the museum's functions but also contributes to the overall cultural vitality of Minnesota, making the arts more accessible and engaging for everyone.
This information is meant to be a general summary of Friends Of The M. 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.
- Program Service Revenue: $48,281
- Gross Receipts: $135,075
Assets and Liabilities:
- Total Assets: $5,123,466
- Total Liabilities: $2,096,313
- Net Assets: $3,027,153
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
NOTE INTEREST INCOME
Revenue
$48,281
Organization Details
Founding Year
2017
Phone
(651) 797-4057Principal Officer
Beth Bergman
Main Address
350 ROBERT STREET NORTH, ST PAUL, MN, 55101
NTEE Category
Code: A11 - Arts
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