The Basilica Landmark
- Assets
- $9.5m
- Revenue
- $926.4k
- Investments
- $630.1k
- Employees
- 0
- Location
- Minneapolis, MN
- Founding
- 08/1993
- Data as of
- 12/2022
- EIN
- 41-1754864
Organization Overview
The Basilica Landmark is located in Minneapolis, MN. The organization was established in 1993. According to its NTEE Classification (A80) the organization is classified as: Historical Organizations, under the broad grouping of Arts, Culture & Humanities and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Basilica Landmark 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 12/2022, Basilica Landmark generated $926.4k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 8 years, the organization has seen revenues fall by an average of (8.7%) each year. All expenses for the organization totaled $1.8m during the year ending 12/2022. As we would expect to see with falling revenues, expenses have declined by (7.6%) per year over the past 8 years. 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
THE BASILICA LANDMARK PRESERVES AND CELEBRATES THE BASILICA OF SAINT MARY (THE BASILICA) AS A RELIGIOUS AND CULTURAL SYMBOL FOR ALL PEOPLE BY SUPPORTING THE RESTORATION AND PRESERVATION OF THE BASILICA THROUGH EDUCATIONAL PROGRAMS, FUND-RAISING AND SPECIAL EVENTS, BY CELEBRATING THE BASILICA THROUGH PUBLICATIONS AND PROGRAMS THAT DOCUMENT THE HISTORY OF THE BUILDING AND THE COMMUNITY IT SERVES, AND BY ENCOURAGING THE USE OF THE BASILICA AS A CULTURAL CENTER FOR SECULAR AND LITURGICAL ARTS.
Describe the Organization's Program Activity:
THE FOUNDATION GIVES GRANTS TO THE BASILICA OF SAINT MARY FOR REPAIRS AND MAINTENANCE OF THE CHURCH CAMPUS AND CAPITAL PROJECTS. IN 2022, THE MAIN PROJECTS WERE FUND A NEED LIGHTING, CHURCH REPOINTING, AND THE CHURCH ENVELOPE STUDY.
THE MAGAZINE OF THE BASILICA COMMUNITY, IS PRODUCED AND MAILED BY THE FOUNDATION ON BEHALF OF THE CHURCH. THE MAGAZINE IS EDUCATIONAL IN NATURE AS IT PROVIDES IN-DEPTH STORIES AND BEAUTIFUL PHOTOGRAPHY ABOUT THE BUILDING AND COMMUNITY SURROUNDING IT. IN 2022, TWO MAGAZINES WERE ISSUED - 27,014 MAGAZINES WERE PRINTED, 23,216 WERE MAILED AND 3,798 WERE PLACED AT THE BACK OF THE CHURCH.
ARCHIVES - THE HISTORICAL COLLECTION SPANS THE MORE THAN 140-YEAR HISTORY OF THE CHURCH AND ITS FORERUNNER, IMMACULATE CONCEPTION PARISH. THE MISSION OF THE CHURCH ARCHIVES IS TO COLLECT, PRESERVE, AND MAKE AVAILABLE TO RESEARCHERS HISTORIC MATERIALS AND RECORDS RELATED TO THE CHURCH AND ITS COMMUNITY. THE LANDMARK ASSISTED IN THE ESTABLISHMENT OF PERMANENT ARCHIVES AND IN THE FUNDING OF AN ARCHIVIST FOR THE CHURCH.
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Mary Mcmahon President | OfficerTrustee | 1 | $0 |
Tom Doran Treasurer | OfficerTrustee | 1 | $0 |
Deidre Palmer Vice-President | OfficerTrustee | 1 | $0 |
Steve Brown Secretary | OfficerTrustee | 1 | $0 |
Peter Crain Board Member | Trustee | 1 | $0 |
Jason Cross Board Member | Trustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
The Basilica Of St Mary Administrative | 12/30/22 | $674,440 |
Hga Design Services | 12/30/22 | $106,653 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $119,462 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $518,580 |
| Noncash contributions included in lines 1a–1f | $14,272 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $638,042 |
| Total Program Service Revenue | $0 |
| Investment income | $323,457 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $4,247 |
| Net Income from Fundraising Events | -$40,591 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $926,405 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $810,999 |
| 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. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $608,982 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $31,054 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $25,128 |
| Fees for services: Other | $0 |
| Advertising and promotion | $3,960 |
| Office expenses | $63,261 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $0 |
| All other expenses | $16,128 |
| Total functional expenses | $1,763,358 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,806,882 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $12,112 |
| Accounts receivable, net | $236 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $31,594 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $7,012,969 |
| Investments—other securities | $630,069 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $11,411 |
| Total assets | $9,505,273 |
| Accounts payable and accrued expenses | $35,980 |
| Grants payable | $139,870 |
| 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 | $175,850 |
| Net assets without donor restrictions | $2,822,635 |
| Net assets with donor restrictions | $6,506,788 |
| 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 | $9,505,273 |