Minnetrista Cultural Foundation Inc
- Assets
- $19.4m
- Revenue
- $5.1m
- Investments
- $0.0
- Employees
- 110
- Location
- Muncie, IN
- Founding
- 04/1987
- Data as of
- 12/2021
- EIN
- 35-1628916
Organization Overview
Minnetrista Cultural Foundation Inc is located in Muncie, IN. The organization was established in 1987. According to its NTEE Classification (A11) the organization is classified as: Single Organization Support, under the broad grouping of Arts, Culture & Humanities and related organizations. As of 12/2023, Minnetrista Cultural Foundation Inc employed 110 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Minnetrista Cultural Foundation Inc is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2021, Minnetrista Cultural Foundation Inc generated $5.1m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 1.9% each year. All expenses for the organization totaled $5.3m during the year ending 12/2021. While expenses have increased by 3.4% per year over the past 7 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
MINNETRISTA IS THE HOME OF THE BALL JAR; A GATHERING PLACE AND CATALYST FOR COMMUNITY ENGAGEMENT. WE CREATE SHARED EXPERIENCES THAT CONNECT PEOPLE, LEADING TO A BETTER QUALITY OF LIFE.
Describe the Organization's Program Activity:
THE MINNETRISTA HERITAGE COLLECTION INCLUDES ARTIFACTS, ART, AND ARCHIVAL MATERIAL THAT DOCUMENT THE PEOPLE, PLACES, ORGANIZATIONS, EVENTS, AND BUSINESSES AND INDUSTRIES OF EAST CENTRAL INDIANA. A MAJOR COMPONENT OF THE COLLECTION IS BALL FAMILY MATERIAL AND BALL CORPORATION BUSINESS RECORDS. SEVERAL ACQUISITIONS WERE RECEIVED IN 2022. THEY INCLUDED MATERIALS AND OBJECTS THAT DOCUMENT THE BALL FAMILY, BALL CORPORATION, AND LOCAL HISTORY. THE MINNETRISTA HERITAGE COLLECTION, BOTH ON-SITE AND ON-LINE, IS ALSO A DESTINATION FOR RESEARCHERS. IN 2022, THERE WERE MORE THAN 208 REMOTE AND IN-PERSON RESEARCH REQUESTS AND APPOINTMENTS. BY THE END OF 2022, THERE WERE MORE THAN 8,260 OBJECTS ONLINE, 6,278 PHOTOGRAPH COLLECTIONS, AND OVER 2,400 ARCHIVAL RECORDS FROM THE MINNETRISTA HERITAGE COLLECTION ON-LINE. THOUSANDS OF ADDITIONAL RECORDS WERE AVAILABLE ONSITE TO RESEARCHERS THROUGH OUR COLLECTIONS MANAGEMENT SYSTEM. THERE WERE OVER 12,000 SEARCHES OF THE ON-LINE COLLECTION IN 2022.
OTHER PROGRAM SERVICES: THE BREAKDOWN OF THE REMAINING 899,088 IN PROGRAM EXPENSES IS AS FOLLOWS: 489,924 DEPRECIATION EXPENSE; 211,217 IT EXPENSE; 197,947 ADVERTISING.
AS THE HOME OF THE BALL JAR, MINNETRISTA CONTINUES TO SERVE AS A LEGACY SITE AND GATHERING PLACE FOR EAST CENTRAL INDIANA. VISITORS COME TO EXPLORE, RECHARGE, AND CONNECT. IN 2022, MORE THAN 76,500 LOCAL, REGIONAL, NATIONAL, AND INTERNATIONAL VISITORS ENJOYED PROGRAMS LIKE PAINTING WORKSHOPS, GLASS WORKSHOPS, SCHOOL TOURS, SUMMER CAMPS, FAMILY DAYS, AND MANY OTHER PROGRAMS AT MINNETRISTA. FAMILIES ATTENDED OUR SIGNATURE EVENTS LIKE FARMERS MARKET, GARDEN FAIR, FAERIES SPRITES & LIGHTS, AND ENCHANTED LUMINARIA WALK.
MINNETRISTA IMPROVES THE QUALITY OF LIFE FOR EAST CENTRAL INDIANA BY OFFERING A BEAUTIFUL LOCATION IN THE MIDDLE OF MUNCIE. WITH A SIX-ACRE NATURE AREA, 23 ACRES OF THEMED AND HISTORIC GARDENS, AND A STRETCH OF THE WHITE RIVER GREENWAY, MINNETRISTA SERVES AS GREEN SPACE FOR THE COMMUNITY. THIS SPACE CONTINUED TO PROVIDE INVALUABLE RESPITE TO OUR COMMUNITY DURING 2022 AS THE VISITORS SOUGHT WAYS TO GET PHYSICAL AND FIND MENTAL RELIEF FROM LIFE STRESSES CAUSED BY BOTH PERSONAL AND NATIONAL FACTORS LIKE THE PANDEMIC, ECONOMICS, AND POLITICAL PRESSURES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Elizabeth A Brewer Pres/ceo/tru | OfficerTrustee | 50 | $164,222 |
Steve Smith Chair | OfficerTrustee | 0.5 | $0 |
Sara Shade Hamilton Vice Chair | OfficerTrustee | 0.5 | $0 |
Steve Moore Vice Chair | OfficerTrustee | 0.5 | $0 |
Jeannine Harrold Secretary | OfficerTrustee | 0.5 | $0 |
Ed Armantrout Trustee | Trustee | 0.5 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Unified Group Services Insurance | 12/30/22 | $239,417 |
Brooks Construction Company Construction | 12/30/22 | $206,341 |
Ekeeper Systems Incorporated It Consulting | 12/30/22 | $144,051 |
Vasey Commercial Inc Mechanical Svs | 12/30/22 | $133,651 |
Sa Boyce Construction | 12/30/22 | $100,665 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $36,240 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $4,405,699 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $4,441,939 |
| Total Program Service Revenue | $281,457 |
| Investment income | $106,315 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | -$77,683 |
| Net Gain/Loss on Asset Sales | $362,347 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | -$30,570 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $5,083,805 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $168,169 |
| Compensation of current officers, directors, key employees. | $70,631 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,847,662 |
| Pension plan accruals and contributions | $441,306 |
| Other employee benefits | $0 |
| Payroll taxes | $145,541 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $38,670 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $19,576 |
| Fees for services: Other | $21,998 |
| Advertising and promotion | $218,526 |
| Office expenses | $110,498 |
| Information technology | $225,005 |
| Royalties | $0 |
| Occupancy | $381,421 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $24,632 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $646,019 |
| Insurance | $128,490 |
| All other expenses | $69,907 |
| Total functional expenses | $5,295,282 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $637,054 |
| Savings and temporary cash investments | $291,282 |
| Pledges and grants receivable | $2,170 |
| Accounts receivable, net | $3,622 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $73,216 |
| Prepaid expenses and deferred charges | $139,816 |
| Net Land, buildings, and equipment | $5,576,261 |
| Investments—publicly traded securities | $7,055,637 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $5,640,588 |
| Total assets | $19,419,646 |
| Accounts payable and accrued expenses | $108,173 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $108,173 |
| Net assets without donor restrictions | $14,918,398 |
| Net assets with donor restrictions | $4,393,075 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $19,419,646 |