Harlan Boss Foundation For The Arts
- Assets
- $3.0m
- Revenue
- $594.7k
- Investments
- $2.8m
- Employees
- 0
- Location
- Minneapolis, MN
- Founding
- 09/1993
- Data as of
- 12/2021
- EIN
- 41-1758708
Organization Overview
Harlan Boss Foundation For The Arts is located in Minneapolis, MN. The organization was established in 1993. According to its NTEE Classification (A12) the organization is classified as: Fund Raising & Fund Distribution, 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. Harlan Boss Foundation For The Arts 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, Harlan Boss Foundation For The Arts generated $594.7k in total revenue. This organization has experienced exceptional growth, as over the past 4 years, it has increased revenue by an average of 25.1% each year . All expenses for the organization totaled $298.7k during the year ending 12/2021. While expenses have increased by 5.6% per year over the past 4 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.
Since 2020, Harlan Boss Foundation For The Arts has awarded 33 individual grants totaling $470,000. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2021
Describe the Organization's Program Activity:
Part 3 - Line 4a
ALL ACTIVITIES INVOLVE GIFTS TO OTHER 501(C)(3) ORGANIZATIONS AND RELATED EXPENSES. EACH GRANT IS MADE FOR THE PURPOSE OF SUPPORTING AND ENCOURAGING THE ARTS. ALL GRANTS ARE UNRESTRICTED CONTRIBUTIONS FOR THE GENERAL OR SPECIFIED PURPOSE OF EACH RESPECTIVE CHARITY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Cathleen Kb Gruen Dir./treasurer/secretary | 0 | $0 | |
Linda Boss Dir./president Assist Sec | 0 | $0 | |
Terry Slye Assist. Sec/assist. Treas. | 0 | $0 | |
Calvin W Didier Dir./vice-President | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $97,506 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $493,578 |
| Capital Gain Net Income | $493,578 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $3,599 |
| Total Revenue | $594,683 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $1,563 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $244 |
| Total operating and administrative expenses | $33,694 |
| Contributions, gifts, grants paid | $265,000 |
| Total expenses and disbursements | $298,694 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $45,736 |
| Savings and temporary cash investments | $148,759 |
| Net Accounts receivable | $0 |
| Net Pledges Receivable | $0 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $2,950,216 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $0 |
Grants Awarded
Over the last fiscal year, Harlan Boss Foundation For The Arts has awarded $265,000 in support to 18 organizations.
| Grant Recipient | Amount |
|---|---|
SCHUBERT CLUB INC PURPOSE: TO SUPPORT AND ENCOURAGE THE ARTS | $50,000 |
St Paul, MN PURPOSE: TO SUPPORT AND ENCOURAGE THE ARTSTO SUPPORT AND ENCOURAGE THE ARTS | $25,000 |
WALKER WEST MUSIC ADACEMY PURPOSE: TO SUPPORT AND ENCOURAGE THE ARTS | $24,000 |
Eagan, MN PURPOSE: TO SUPPORT AND ENCOURAGE THE ARTS | $20,000 |
St Paul, MN PURPOSE: TO SUPPORT AND ENCOURAGE THE ARTS | $20,000 |
Minneapolis, MN PURPOSE: TO SUPPORT AND ENCOURAGE THE ARTS | $15,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
American Public Media Group St Paul, MN | $192,023,056 | $29,866,747 |
Milwaukee Youth Arts Center Inc Milwaukee, WI | $19,493,020 | $1,487,635 |
United Performing Arts Fund Inc Milwaukee, WI | $14,391,026 | $9,375,574 |
Arts Midwest Minneapolis, MN | $13,049,827 | $7,597,060 |
Bravo Greater Des Moines Inc Des Moines, IA | $3,545,703 | $5,885,208 |
Arts Partnership Saint Paul, MN | $39,537,439 | $5,290,504 |
Ros Foundation Greenfield, WI | $30,196,896 | $3,469,836 |
4 Cornerstones Foundation Edina, MN | $53,350,133 | $54,622,494 |
Milwaukee Youth Arts Center Foundation Inc Milwaukee, WI | $10,317,722 | $10,905,403 |
Copernicus Cultural Foundation Of Stevens Point Wisconsin Inc Mosinee, WI | $845,687 | $1,133,742 |
American Friends Of The Prado Museum Minneapolis, MN | $9,205,825 | $155,021 |
Randy And Nancy Trachte Family Foundation Inc Middleton, WI | $1,703,536 | $192,699 |