Overview

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Est.

1883

Latest Fiscal Year

Not available

Organization Type

Grantseeker

AI Summary

The Minneapolis Society of Fine Arts dba Minneapolis Institute of Arts is an art museum organization focused on enriching the community by collecting, preserving, and making accessible outstanding works of art. For filing year 2025, it reported an operating budget of $51.7M and total revenue of $57.7M, with major funding from the Mary and Jackson Burke Foundation, WEM Foundation, and John R Van Derlip Tr UW.

Mission Statement

ENRICHING COMMUNITY BY COLLECTING, PRESERVING AND MAKING ACCESSIBLE OUTSTANDING WORKS OF ART
Revenues
$49.8M
Expenses
$47M
Net Income:
+$2.8M
Assets
$412.2M
Liabilities
$7.1M
Net Assets:
+$405.1M
Operating Budget
$47M
Operating Budget by Year

Due Diligence

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Charity Verification Snapshot
IRS EO Business Master File Status
Listed as tax-exempt
IRS Pub 78 Status
Eligible for tax-deductible gifts
IRS Revocation Status
Not in Automatic Revocation of Exemption List
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Total No. of Grants
94
Median grant size
$10K
Largest grant received
$2.4M
K
Katie Luber
Board Member
P
Patricia Grazzini
Board Member
B
Benjamin Murray
Board Member
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  • 241 funders
  • 194 board & team members
  • 11 historic 990s & financials
  • 6-year operating budget trend
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Frequently Asked Questions

What is MINNEAPOLIS SOCIETY OF FINE ARTS DBA MINNEAPOLIS INSTITUTE OF ARTS’s budget?
In 2024, MINNEAPOLIS SOCIETY OF FINE ARTS DBA MINNEAPOLIS INSTITUTE OF ARTS reported an annual operating budget of around $47 million. More detailed financial information is available to registered users.
What causes does MINNEAPOLIS SOCIETY OF FINE ARTS DBA MINNEAPOLIS INSTITUTE OF ARTS support?
MINNEAPOLIS SOCIETY OF FINE ARTS DBA MINNEAPOLIS INSTITUTE OF ARTS supports work in Art museums.
Where does MINNEAPOLIS SOCIETY OF FINE ARTS DBA MINNEAPOLIS INSTITUTE OF ARTS operate?
MINNEAPOLIS SOCIETY OF FINE ARTS DBA MINNEAPOLIS INSTITUTE OF ARTS is headquartered in MINNEAPOLIS, MN.
Who funded MINNEAPOLIS SOCIETY OF FINE ARTS DBA MINNEAPOLIS INSTITUTE OF ARTS recently?
In 2025, MINNEAPOLIS SOCIETY OF FINE ARTS DBA MINNEAPOLIS INSTITUTE OF ARTS received grants from THE MINNEAPOLIS FOUNDATION, William D Radichel Foundation, and AMERICAN ONLINE GIVING FOUNDATION INC. More information on this organization’s funders is available to registered users.
What is the largest grant MINNEAPOLIS SOCIETY OF FINE ARTS DBA MINNEAPOLIS INSTITUTE OF ARTS received in 2024?
The largest grant to MINNEAPOLIS SOCIETY OF FINE ARTS DBA MINNEAPOLIS INSTITUTE OF ARTS in 2024 exceeds $2.4 million.
What is MINNEAPOLIS SOCIETY OF FINE ARTS DBA MINNEAPOLIS INSTITUTE OF ARTS’s reliance on government grants?
MINNEAPOLIS SOCIETY OF FINE ARTS DBA MINNEAPOLIS INSTITUTE OF ARTS relied on government grants for more than 35% of their total revenue in 2024.