Arts, Culture, Humanities : Museums

The Minneapolis Institute of Arts

Inspiring wonder through the power of art

Rating

Overall Rating    
      (50.89)
Organizational Efficiency      
Program Expenses 79.6%    
Administrative Expenses 14.8%    
Fundraising Expenses 5.5%    
Fundraising Efficiency $0.07    
Efficiency Rating    
      (37.96)
Organizational Capacity      
Primary Revenue Growth -7.2%    
Program Expenses Growth 2.9%    
Working Capital Ratio (years) 6.35    
Capacity Rating    
      (12.92)

Income Statement     (FYE 06/2008)

Revenue  
Primary Revenue $26,158,945
Other Revenue $18,726,324
Total Revenue $44,885,269
   
Expenses  
Program Expenses $25,500,537
Administrative Expenses $4,740,997
Fundraising Expenses $1,787,374
Total Functional Expenses $32,028,908
   
Payments to Affiliates $0
Excess (or Deficit) for the year $12,856,361
   
Net Assets $274,044,003

Charts

Expenses Breakdown

Expenses Legend

Revenue/Expenses Trend

Revenue-Expense Legend

Contact Information

The Minneapolis Institute of Arts
2400 Third Avenue, S
Minneapolis, MN 55404
tel: (888) 642-2787
fax: (612) 870-3253
TTY: (612) 870-3132
EIN: 41-0693915

Contact Email
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Leadership      (FYE 06/2008)

Name Title Compensation % of Expenses
Kaywin Feldman Director, President (The person identified as holding the highest position of management, and therefore who would normally be responsible for carrying out the mission of the charity and leading the organization on a day-to-day basis.) $204,299 0.63%
Other Salaries of Note
William M. Griswold Former Director, President (Using information reported on an organization's most recent Form 990, we include as compensation an individual's salary, cash bonuses, and expense accounts and other allowances. We do not include contributions to benefit plans or compensation deferred to a future date.) $266,149 0.83%
Dar Reedy Trustee (Using information reported on an organization's most recent Form 990, we include as compensation an individual's salary, cash bonuses, and expense accounts and other allowances. We do not include contributions to benefit plans or compensation deferred to a future date.) $47,900 0.14%

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Mission

The Minneapolis Institute of Arts (MIA) enriches the community by collecting, preserving, and making accessible outstanding works of art from the world's diverse cultures. The MIA is one of the leading comprehensive fine art museums in the country. In a beautiful landmark building near downtown Minneapolis, the museum houses more than 80,000 works of arts, representing more than 5,000 years of world art and culture. The MIA offers visitors a broad range of artistic experiences from special exhibitions, classes and workshops to the historic Purcell-Cutts House - a masterpiece of Prairie School design. Central to the museum's values is a fundamental belief in accessibility. For this reason, the museum maintains a free general admission policy, annually welcoming approximately 500,000 visitors and serving more than 200,000 K-12 students.

Charities Performing Similar Types of Work

Charity Name Overall Score Overall Rating
The Minneapolis Institute of Arts - MN 50.89
Norton Museum of Art - FL 58.49
Phoenix Art Museum - AZ 59.45
Joslyn Art Museum - NE 55.12
Dallas Museum of Art - TX 59.32
Compare These Charities (Highly Rated)
Charity Name Overall Score Overall Rating
The Minneapolis Institute of Arts - MN 50.89
National Gallery of Art - DC 68.26
Metropolitan Museum of Art - NY 58.43
Kentucky Museum of Art and Craft - KY 29.69
Museum of Fine Arts, Boston - MA 61.49
Speed Art Museum - KY 61.82
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