Minneapolis College of Art and Design
Minneapolis College of Art and Design reported $40.6 million in revenue and $46.5 million in expenses for the fiscal year ending May 31, 2025. Of every $100 it spent, $80.69 went to program services, $17.73 to management and general costs and $1.58 to fundraising. Its largest source of revenue was program service revenue such as fees, sales and contracts: 95.6% of the total. The highest compensation it reported for one person was $403,142 (PRESIDENT). 12 people received more than $100,000 in reportable compensation. Revenue rose 8% between FY2020 and FY2025. Source: Form 990, FY2025.
Where $100 of spending went
The fiscal year ending May 31, 2025 · Form 990, Part IX, line 25 · total expenses $47MFor context, the median across 5,499 covered education charities: $85.56 programs, $13.59 management, $0.85 fundraising (medians computed separately, so they may not sum to $100).
Where $100 of revenue came from
The fiscal year ending May 31, 2025 · Form 990, Part VIII · total revenue $41M- Contributions & grants (non-government)$2.61 $1.1M
- Government grants$2.51 $1.0M
- Program service revenue$93.75 $39M
- Other revenue$1.13 $467K
Investment income was negative: −$813K. The bar shows the positive sources only.
The 990 scorecard · same measures for every charity, no grades
| Measure | FY2025 | Median |
|---|---|---|
| Program services Part IX 25(B) ÷ 25(A) | 80.7% | 84.4% |
| Management & general Part IX 25(C) ÷ 25(A) | 17.7% | 13.4% |
| Fundraising Part IX 25(D) ÷ 25(A) | 1.6% | 0.8% |
| Fundraising cost per $1 of contributions Part IX 25(D) ÷ Part VIII 1h | $0.35 | $0.04 |
| Contributions & grants share of revenue Part VIII 1h ÷ 12 | 5.2% | 19.1% |
| Government grants share of revenue Part VIII 1e ÷ 12 | 2.6% | 1.1% |
| Program service revenue share Part VIII 2g ÷ 12 | 95.6% | 69.9% |
| Highest reported compensation Part VII-A, columns D–F | $403,142 | $331,578 |
| Highest compensation as share of expenses Part VII-A ÷ Part IX 25(A) | 0.87% | 1.28% |
| People paid over $100,000 Part VII, line 2 | 12 | 8 |
| Net assets, in months of expenses Part X 33(B) ÷ monthly expenses | 21.1 | 13.3 |
| Independent voting board members Part VI 1a–1b | 25 of 26 | 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 expenseMcad transforms the world through creativity and purpose by educating individuals to be professional artists and designers, pioneering thinkers, creative leaders, and engaged global citizens. With a curriculum that is based on the belief that to become a professional artist, designer, or visualizer, one must study theory, skill, form, and content, all mcad programs center on the development of studio and professional skills that encourage students to think conceptually, formulate creative solutions, and make art. All mcad programs challenge students to progress to the highest levels of…
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 |
|---|---|---|---|---|
| PRESIDENT Director/trustee, officer, 40.00 hrs/week | $378,491 | $0 | $24,651 | $403,142 |
| CFO Officer, 40.00 hrs/week | $177,734 | $0 | $22,193 | $199,927 |
| VP OF ACADEMIC AFFAIRS Key employee, 40.00 hrs/week | $158,796 | $0 | $38,444 | $197,240 |
| VP OF COMMUNICATIONS Highest compensated employee, 40.00 hrs/week | $135,168 | $0 | $43,176 | $178,344 |
| VP OF ENROLLMENT MANAGEMENT Highest compensated employee, 40.00 hrs/week | $146,187 | $0 | $8,040 | $154,227 |
| VP OF STUDENT AFFAIRS Highest compensated employee, 40.00 hrs/week | $128,677 | $0 | $25,117 | $153,794 |
| AVP TECHNOLOGY Highest compensated employee, 40.00 hrs/week | $119,987 | $0 | $12,574 | $132,561 |
| AVP OF FACILITIES Highest compensated employee, 40.00 hrs/week | $113,193 | $0 | $11,030 | $124,223 |
12 people received more than $100,000 in reportable compensation from Minneapolis College of Art and Design (Part VII, line 2). Compensation of current officers, directors and key employees totaled $819K (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–1b26 · 25 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 11aNo
- 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 18No
- Over $10,000 of activity outside the U.S. Part IV 14bNo
- Employees Part I, line 5781
- Volunteers Part I, line 640
Largest outside contractors
FY2025 · Form 990, Part VII, Section B · businesses only| ALERUS Financial services | $2,002,410 |
| SELA ROOFING Contract roofing services | $1,620,075 |
| AMERICAN FOOD & VENDING Food services | $1,201,268 |
| TIAA-CREF Financial services | $969,030 |
| COMPUTERSHARE TRUST COMPANY NA Financial services | $828,908 |
Individuals listed as contractors are left out. 18 contractors were paid more than $100,000 in all.
Private foundation grants it received
17 private foundations reported grants to Minneapolis College of Art and Design totaling $226K 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 College of Art and Design'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 College of Art and Design, you can publish a response that is linked from this page.
Share or embed this breakdown
Of every $100 Minneapolis College of Art and Design spent in FY2025, $80.69 went to programs. The full breakdown, from its IRS Form 990:
Embed on your site
Similar-sized charities in this cause
- The University of Toledo FoundationToledo, OH · revenue $41M · programs 58.5% · FY2025
- Camden PrepNew York, NY · revenue $41M · programs 82.2% · FY2025
- Judson University a Baptist InstitutionElgin, IL · revenue $40M · programs 80.0% · FY2025
- Trinity Christian AcademyAddison, TX · revenue $41M · programs 92.0% · FY2025
- Archive Sustaining FoundationBiddeford, ME · revenue $40M · programs 99.9% · 2024
Questions people ask
How much of Minneapolis College of Art and Design's spending goes to programs?
In the fiscal year ending May 31, 2025, Minneapolis College of Art and Design reported that 80.7% of its $46.5 million in expenses went to program services, 17.7% to management and general and 1.6% to fundraising (Form 990, Part IX).
How much does Minneapolis College of Art and Design pay its top executive?
The largest total compensation Minneapolis College of Art and Design reported for one person in the fiscal year ending May 31, 2025 was $403,142, for the role of PRESIDENT (Form 990, Part VII, including compensation from related organizations and other compensation).
Where does Minneapolis College of Art and Design get its money?
Of $40.6 million in revenue in the fiscal year ending May 31, 2025, 5.2% came from contributions and grants (including 2.6% from government grants) and 95.6% from program service revenue (Form 990, Part VIII).
Is Minneapolis College of Art and Design a registered charity?
The IRS lists EIN 41-1607453 as a 501(c)(3) organization (school), 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 May 31, 2025, object 202641039349300714 · read the filing · XML
- FY2024: Form 990 for the fiscal year ending May 31, 2024, object 202531059349301903 · read the filing
- FY2023: Form 990 for the fiscal year ending May 31, 2023, object 202441049349301304 · read the filing
- FY2022: Form 990 for the fiscal year ending May 31, 2022, object 202331049349300413 · read the filing
- FY2021: Form 990 for the fiscal year ending May 31, 2021, object 202211039349301521 · read the filing
- FY2020: Form 990 for the fiscal year ending May 31, 2020, object 202100989349301230 · read the filing
All filings for EIN 41-1607453: ProPublica Nonprofit Explorer · IRS Tax Exempt Organization Search. Figures are as the organization reported them; we have not audited them.