Minnesota Marine Art Museum

Organization Overview

Minnesota Marine Art Museum is located in Winona, MN. The organization was established in 2004. According to its NTEE Classification (A54) the organization is classified as: History Museums, under the broad grouping of Arts, Culture & Humanities and related organizations. As of 12/2021, Minnesota Marine Art Museum employed 14 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Minnesota Marine Art Museum 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 12/2020, Minnesota Marine Art Museum generated $837.2k in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 7.8% each year. All expenses for the organization totaled $1.2m during the year ending 12/2020. While expenses have increased by 4.4% per year over the past 6 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.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2020

Describe the Organization's Mission:

Part 3 - Line 1

THE MINNESOTA MARINE ART MUSEUM ENGAGES VISITORS IN MEANINGFUL VISUAL ART EXPERIENCES THROUGH EDUCATION AND EXHIBITIONS THAT EXPLORE THE ONGOING AND HISTORIC HUMAN RELATIONSHIP WITH WATER.

Describe the Organization's Program Activity:

Part 3 - Line 4a

OPERATING MUSEUM FOR THE PUBLIC, PROVIDING EXHIBITIONS AND CARING FORCOLLECTIONS OF MARINE ART AND ARTIFACTS, AND REGIONAL, NATIONAL, AND INTERNATIONAL HISTORIC, MODERN, AND CONTEMPORARY ART.


PROVIDED SIGNIFICANT EDUCATIONAL OPPORTUNITIES FOR ALL AGES AND ABILITIES INCLUDING TOURS, ART-MAKING CLASSES, LECTURES, WORKSHOPS, GALLERY ACTIVITIES, OUTREACH EVENTS, FAMILY AND INDIVIDUAL PROGRAMMING, AND MORE.


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Board, Officers & Key Employees

Name (title)Compensation
Nicole Chamberlain-Dupree
Former Executive Director
$41,445
Bill Hoel
Board Chair
$0
Dan Hampton
Former Treasurer
$0
Rachelle Schultz
Former Board Chair
$0
Sabina Bosshard
Director
$0
Greg Neidhart
Director
$0

Financial Statements

Statement of Revenue
Total Revenue from Contributions, Gifts, Grants & Similar$483,338
Investment income $216,729
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $0
Net Gain/Loss on Asset Sales -$22,702
Net Income from Fundraising Events $0
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $36,317
Miscellaneous Revenue$0
Total Revenue $837,188

Grants Recieved

Over the last fiscal year, we have identified 9 grants that Minnesota Marine Art Museum has recieved totaling $40,529.

Awarding OrganizationAmount
Winona Community Foundation Inc

Winona, MN

PURPOSE: GENERAL SUPPORT

$15,350
Gostomski Foundation

Homewood, IL

PURPOSE: GENERAL

$15,000
Winona Foundation

Seattle, WA

PURPOSE: GENERAL USE

$5,000
Butler Family Foundation

Dubuque, IA

PURPOSE: GENERAL ASSISTANCE

$2,500
Sampson Family Foundation

Hector, MN

PURPOSE: GENERAL OPERATIONS

$1,000
Douglas & Mary Staughton Jones Foundation

Nerstrand, MN

PURPOSE: GENERAL NEEDS

$1,000
View Grant Recipient Profile

Endowment Analysis

Beg. Balance$10,208,868
Earnings$1,750,387
Admin Expense$80,000
Ending Balance$11,879,255

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