MINNEAPOLIS SOCIETY OF FINE ARTS DBA MINNEAPOLIS INSTITUTE OF ARTS

MINNEAPOLIS SOCIETY OF FINE ARTS DBA MINNEAPOLIS INSTITUTE OF ARTS

MINNEAPOLIS, MN, US
501(c)(3)
EIN
41-0693915

MINNEAPOLIS SOCIETY OF FINE ARTS DBA MINNEAPOLIS INSTITUTE OF ARTS

MINNEAPOLIS, MN, US
501(c)(3)
EIN
41-0693915

Balance Sheet

Fiscal Year Start:
Jul 1
Assets in 2024 (Year End)

$412,201,130

Investments
57%
Other Assets
17%
Property, Plant, & Equipment (net)
15%
Cash & Equivalents
9%
Receivables (Non-Related)
2%
Prepaid Expenses
<1%
Inventories
<1%
Related-Party Receivables
0%
Liabilities in 2024 (Year End)

$7,080,158

Payables & Accruals
88%
Other Liabilities
10%
Deferred Revenue
2%
Grants Payable
0%
Tax-Exempt Bond Liabilities
0%
Custodial & Escrow Liabilities
0%
Notes Payable / Debt (Non-Related)
0%
Related-Party Payables
0%
Assets
2023
2024
Change
Cash & Equivalents
$31,896,747
$35,633,348
+12%
Receivables (Non-Related)
$7,588,887
$8,370,749
+10%
Related-Party Receivables
-
-
-
Inventories
$147,207
$154,129
+5%
Prepaid Expenses
$395,199
$469,514
+19%
Investments
$223,604,183
$236,138,981
+6%
Property, Plant, & Equipment (net)
$55,915,903
$60,887,006
+9%
Other Assets
$66,567,439
$70,547,403
+6%
Total Assets
$386,115,565
$412,201,130
+7%
Liabilities
2023
2024
Change
Payables & Accruals
$6,009,810
$6,239,270
+4%
Grants Payable
-
-
-
Deferred Revenue
$196,185
$112,485
-43%
Tax-Exempt Bond Liabilities
-
-
-
Custodial & Escrow Liabilities
-
-
-
Notes Payable / Debt (Non-Related)
-
-
-
Related-Party Payables
-
-
-
Other Liabilities
$795,875
$728,403
-8%
Total Liabilities
$7,001,870
$7,080,158
+1%
Net assets
2023
2024
Change
Restricted Net Assets
$280,098,570
$298,882,992
+7%
Unrestricted Net Assets
$99,015,125
$106,237,980
+7%
Net assets
2023
2024
Change
Net assets
+$379,113,695
+$405,120,972
+7%
Balance Sheet
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