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Minneapolis Society of Fine Arts
Also known as Minneapolis Institute of Art
Minneapolis Society of Fine Arts reported $57.7 million in revenue and $51.7 million in expenses for the fiscal year ending June 30, 2025. Of every $100 it spent, $78.77 went to program services, $13.64 to management and general costs and $7.59 to fundraising. Its largest source of revenue was contributions and grants: 64.7% of the total. Government grants made up 35.0%. The highest compensation it reported for one person was $721,885 (DIRECTOR & PRESIDENT). 29 people received more than $100,000 in reportable compensation. Revenue rose 73% between FY2020 and FY2025. Source: Form 990, FY2025.
Where $100 of spending went
The fiscal year ending June 30, 2025 · Form 990, Part IX, line 25 · total expenses $52MFor context, the median across 876 covered arts, culture & humanities charities: $79.98 programs, $13.89 management, $6.13 fundraising (medians computed separately, so they may not sum to $100).
Where $100 of revenue came from
The fiscal year ending June 30, 2025 · Form 990, Part VIII · total revenue $58MThe 990 scorecard · same measures for every charity, no grades
| Measure | FY2025 | Median |
|---|---|---|
| Program services Part IX 25(B) ÷ 25(A) | 78.8% | 78.5% |
| Management & general Part IX 25(C) ÷ 25(A) | 13.6% | 13.6% |
| Fundraising Part IX 25(D) ÷ 25(A) | 7.6% | 6.0% |
| Fundraising cost per $1 of contributions Part IX 25(D) ÷ Part VIII 1h | $0.11 | $0.10 |
| Contributions & grants share of revenue Part VIII 1h ÷ 12 | 64.7% | 57.5% |
| Government grants share of revenue Part VIII 1e ÷ 12 | 35.0% | 1.7% |
| Program service revenue share Part VIII 2g ÷ 12 | 4.0% | 20.8% |
| Highest reported compensation Part VII-A, columns D–F | $721,885 | $385,706 |
| Highest compensation as share of expenses Part VII-A ÷ Part IX 25(A) | 1.40% | 2.03% |
| People paid over $100,000 Part VII, line 2 | 29 | 8 |
| Net assets, in months of expenses Part X 33(B) ÷ monthly expenses | 99.8 | 36.6 |
| Independent voting board members Part VI 1a–1b | 42 of 45 | 100.0% |
A median is context, not a target: hospitals, universities, food banks and grantmakers spend in very different ways. What these measures can and can't tell you.
What the money paid for, in its own words
FY2025 · Form 990, Part III · the three largest programs by expenseFiscal year 2025 exhibitions:annotationsteen perspectives minneapolis as monumentremnantsradiancecharles matson lume iacuna for gustaf sobinmary sully native moderngiants- art from the dean collection of swizz beats and alicia keystranscendent clay the kondo family's path of porcelain innovationssurvival of the fittest lessons from lafontaine in textile and porcelainhokusai/monetthe true america photographs by ernest coleartists at work the mia staff art showcity viewsa generous outlook - gifts from fay gallus and richard sweetroshan ganu - the night blossoming jasmineotto dix - the war…
Acquisitions bring new strength to the collection. The permanent collection is always at the core of our work. In fiscal year 2025, 1,035 exceptional objects were acquired, enriching 5 curatorial areas
In fiscal year 2025, family day attracted 30,580 visitors. Meet at mia and the summer series saw 33,813 visitors. Mini mia, in its second year, increased to 784 toddlers and adults. Art in the park events attracted 3,000 visitors. Mia's art adventure program served 37,000 students in 101 schools across the state. Creativity academy (826) and water is life (613) programs served 1,439 students. Mia served an additional 3,960 students through other school partnership programs including its new discovery days. 22,540 pre-kindergarten - 12 students participated in guide-led tours, and 17,652…
Highest reported compensation
FY2025 · Form 990, Part VII, Section A · roles as filed; names are in the filing, not here| Role | From this org | From related orgs | Other | Total |
|---|---|---|---|---|
| DIRECTOR & PRESIDENT Director/trustee, officer, 40.00 hrs/week | $628,522 | $0 | $93,363 | $721,885 |
| DEPUTY DIRECTOR & CHIEF OPERATING OFFICER/INTERI Officer, 40.00 hrs/week | $371,890 | $0 | $63,456 | $435,346 |
| DEPUTY DIRECTOR & CHIEF CURATOR Key employee, 40.00 hrs/week | $318,365 | $0 | $41,810 | $360,175 |
| CHIEF ADVANCEMENT OFFICER Key employee, 40.00 hrs/week | $241,033 | $0 | $24,907 | $265,940 |
| CONTROLLER Highest compensated employee, 40.00 hrs/week | $198,885 | $0 | $37,941 | $236,826 |
| CHIEF AUDIENCE & ENGAGEMENT OFFICER Key employee, 40.00 hrs/week | $199,691 | $0 | $25,461 | $225,152 |
| CHIEF DIVERSITY & INCLUSION OFFICER Key employee, 40.00 hrs/week | $208,372 | $0 | $10,625 | $218,997 |
| COO Key employee, 40.00 hrs/week | $205,732 | $0 | $10,627 | $216,359 |
29 people received more than $100,000 in reportable compensation from Minneapolis Society of Fine Arts (Part VII, line 2). Compensation of current officers, directors and key employees totaled $2.7M (Part IX, line 5).
6 years of filings
Form 990, Parts I, VII, IX and X · each row is that year's own filing, linkedGovernance answers, as filed
FY2025 · the organization's own yes/no answers; explanations, if any, are in Schedule O of the filing · what each means- Voting board members, and how many are independent Part VI, lines 1a–1b45 · 42 independent
- Audited financial statements Part XII 2bYes
- Conflict-of-interest policy Part VI 12aYes
- Whistleblower policy Part VI 13Yes
- Document retention policy Part VI 14Yes
- Independent process for top executive pay Part VI 15aYes
- Board given the 990 before filing Part VI 11aYes
- Family or business ties among insiders Part VI 2No
- Aware of a significant diversion of assets Part VI 5No
- Excess benefit transaction with an insider Part IV 25aNo
- Loans to or from insiders outstanding Part IV 26No
- Lobbying, or a 501(h) election in effect Part IV 4Yes
- Over $15,000 of professional fundraising services Part IV 18Yes
- Over $10,000 of activity outside the U.S. Part IV 14bYes
- Employees Part I, line 5336
- Volunteers Part I, line 6469
Largest outside contractors
FY2025 · Form 990, Part VII, Section B · businesses only| GARFIELD PUBLICPRIVATE LLC Project consultant | $670,378 |
| M GALE & ASSOCIATES Fundraising consultant | $487,266 |
| A2 ART STORAGE & SERVICES Art storage | $340,790 |
| BEEVENTS LLC Event planning | $154,735 |
| PARIS DINING CLUB Catering | $134,769 |
Individuals listed as contractors are left out. 6 contractors were paid more than $100,000 in all.
Private foundation grants it received
45 private foundations reported grants to Minneapolis Society of Fine Arts totaling $1.3M on their tax year 2023 Form 990-PF returns. See which foundations, on WHOFUNDS.
Source: WHOFUNDS open grant graph, matched from Form 990-PF Part XV.
Correct a figure or respond
Every number above is copied from Minneapolis Society of Fine Arts's own Form 990. If one doesn't match the filing, that's our error and we'll fix it. If you work for Minneapolis Society of Fine Arts, you can publish a response that is linked from this page.
Share or embed this breakdown
Of every $100 Minneapolis Society of Fine Arts spent in FY2025, $78.77 went to programs. The full breakdown, from its IRS Form 990:
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Similar-sized charities in this cause
- The Rock and Roll Hall of Fame and MuseumCleveland, OH · revenue $58M · programs 72.3% · 2025
- Polynesian Cultural CenterLaie, HI · revenue $58M · programs 84.1% · 2024
- Colorado Museum of Natural HistoryDenver, CO · revenue $57M · programs 75.6% · 2024
- American Battlefield TrustWashington, DC · revenue $58M · programs 90.1% · FY2025
- Museum of ScienceBoston, MA · revenue $56M · programs 73.7% · FY2025
All arts, culture & humanities charities · Largest charities in Minnesota
Questions people ask
How much of Minneapolis Society of Fine Arts's spending goes to programs?
In the fiscal year ending June 30, 2025, Minneapolis Society of Fine Arts reported that 78.8% of its $51.7 million in expenses went to program services, 13.6% to management and general and 7.6% to fundraising (Form 990, Part IX).
How much does Minneapolis Society of Fine Arts pay its top executive?
The largest total compensation Minneapolis Society of Fine Arts reported for one person in the fiscal year ending June 30, 2025 was $721,885, for the role of DIRECTOR & PRESIDENT (Form 990, Part VII, including compensation from related organizations and other compensation).
Where does Minneapolis Society of Fine Arts get its money?
Of $57.7 million in revenue in the fiscal year ending June 30, 2025, 64.7% came from contributions and grants (including 35.0% from government grants) and 4.0% from program service revenue (Form 990, Part VIII).
Is Minneapolis Society of Fine Arts a registered charity?
The IRS lists EIN 41-0693915 as a 501(c)(3) organization (publicly supported organization (509(a)(2))), and its records show contributions as tax-deductible. Form 990 filings on record here cover tax years 2019, 2020, 2021, 2022, 2023, 2024. A filing shows what the organization reported; it doesn't by itself show whether a program works.
Sources
- FY2025: Form 990 for the fiscal year ending June 30, 2025, object 202621199349302107 · read the filing · XML
- FY2024: Form 990 for the fiscal year ending June 30, 2024, object 202511209349302661 · read the filing
- FY2023: Form 990 for the fiscal year ending June 30, 2023, object 202441349349304979 · read the filing
- FY2022: Form 990 for the fiscal year ending June 30, 2022, object 202331359349304333 · read the filing
- FY2021: Form 990 for the fiscal year ending June 30, 2021, object 202241349349301414 · read the filing
- FY2020: Form 990 for the fiscal year ending June 30, 2020, object 202121339349305697 · read the filing
All filings for EIN 41-0693915: ProPublica Nonprofit Explorer · IRS Tax Exempt Organization Search. Figures are as the organization reported them; we have not audited them.