Minnesota Street Project Foundation
- Assets
- $1.5m
- Revenue
- $1.7m
- Investments
- $0.0
- Employees
- 8
- Location
- San Francisco, CA
- Founding
- Data as of
- 12/2021
- EIN
- 83-3859484
Organization Overview
Minnesota Street Project Foundation is located in San Francisco, CA. According to its NTEE Classification (A20) the organization is classified as: Arts & Culture, under the broad grouping of Arts, Culture & Humanities and related organizations. As of 12/2021, Minnesota Street Project Foundation employed 8 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Minnesota Street Project Foundation 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, Minnesota Street Project Foundation generated $1.7m in total revenue. All expenses for the organization totaled $754.0k during the year ending 12/2021. While expenses have increased by 85.5% per year over the past 3 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
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
THE ORGANIZATION WORKS TO STRENGTHEN THE SAN FRANCISCO BAY AREA (CALIFORNIA, USA) ARTS COMMUNITY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE INSTITUTE OF CONTEMPORARY ART SAN FRANCISCO (ICA SF), IS A FREE, NON-COLLECTING, CONTEMPORARY ART MUSEUM DEDICATED TO EXPERIMENTING IN PUBLIC, OPERATING TRANSPARENTLY, AND EMBRACING CONSTANT REINVENTION IN THE REALM OF CONTEMPORARY ART THROUGH ITS EXHIBITIONS, PROGRAMMING, AND SOCIAL OPPORTUNITIES.
JOINT SPACE AWARD IS A COLLABORATIVE GRANT-MAKING PROGRAM CREATED THROUGH A UNIQUE COLLABORATION BETWEEN THE MINNESOTA STREET PROJECT FOUNDATION AND THE SPACE PROGRAM SAN FRANCISCO. THE OPPORTUNITY WAS FOR AN INDIVIDUAL BIPOC ARTIST OR PAIR OF COLLABORATING ARTISTS. THE CHOSEN GRANTEE RECEIVED $5,000, PLUS UP TO $5,000 IN MATERIALS BUDGET TO CREATE ARTWORK DURING A RESIDENCY AT THE SPACE PROGRAM AND AN EXHIBITION AT THE 1275 MINNESOTA STREET PROJECT GALLERIES, AS WELL AS VIRTUALLY ON MINNESOTA STREET PROJECT ADJACENT. THE JOINT SPACE AWARD GRANT IS ADMINISTERED BY THE MINNESOTA STREET PROJECT FOUNDATION, A NONPROFIT ORGANIZATION. RECOMMENDATIONS FOR JOINT SPACE AWARD GRANTEES WERE MADE THROUGH A JURIED SELECTION PROCESS COMPRISING BAY AREA ARTISTS AND ARTS LEADERS.
THE CALIFORNIA BLACK VOICES PROGRAM PROVIDES UNRESTRICTED GRANT FUNDS AND IN-KIND EXHIBITION SPACE TO BLACK ARTISTS AND BLACK CURATORS LIVING AND WORKING IN THE BAY AREA TO SUPPORT THE CREATION OF NEW ART WORK FOR PUBLIC EXHIBITION AT MINNESOTA STREET PROJECT IN 2021.
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Deborah Rappaport President | OfficerTrustee | 8 | $0 |
Andrew Rappaport Treasurer | OfficerTrustee | 4 | $0 |
Lindsay Albert Secretary | OfficerTrustee | 1 | $0 |
Madison Cario CEO (hire Date 12/4/2021) | Officer | 20 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $1,653,816 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,653,816 |
| Total Program Service Revenue | $0 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,653,816 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $30,000 |
| 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 | $312,144 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $22,671 |
| Payroll taxes | $27,622 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $31,738 |
| Fees for services: Accounting | $11,960 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $150,194 |
| Office expenses | $6,322 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $72,477 |
| Travel | $11,523 |
| 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 | $1,288 |
| All other expenses | $38,606 |
| Total functional expenses | $753,966 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $879,847 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| 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 | $37,652 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $550,627 |
| Total assets | $1,468,126 |
| Accounts payable and accrued expenses | $521,119 |
| 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 | $521,119 |
| Net assets without donor restrictions | $947,007 |
| Net assets with donor restrictions | $0 |
| 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 | $1,468,126 |
Grants Recieved
Over the last fiscal year, we have identified 3 grants that Minnesota Street Project Foundation has recieved totaling $85,000.
| Awarding Organization | Amount |
|---|---|
Schwab Charitable Fund San Francisco, CA PURPOSE: ARTS, CULTURE & HUMANITIES | $35,000 |
American Endowment Foundation Hudson, OH PURPOSE: GENERAL OPERATING SUPPORT | $25,000 |
Kelson Foundation San Francisco, CA PURPOSE: GENERAL SUPPORT | $25,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Jserra Catholic High School San Juan Capistrano, CA | $110,381,982 | $32,636,304 |
The Society For The Promotion Of Japanese Animation Santa Ana, CA | $0 | $15,922,386 |
Haven Gallery Pomona, CA | $12,441,851 | $10,866,207 |
Yerba Buena Center For The Arts San Francisco, CA | $31,419,770 | $23,544,531 |
Festival Of Arts Of Laguna Beach Laguna Beach, CA | $11,626,110 | $10,814,120 |
Wallis Annenberg Center For The Performing Arts Beverly Hills, CA | $86,738,826 | $10,256,946 |
Maui Arts & Cultural Center Kahului, HI | $31,390,294 | $9,713,031 |
Immigration Institute Of The Bay Area San Francisco, CA | $7,526,224 | $6,922,510 |
Montalvo Association Saratoga, CA | $34,273,816 | $7,481,073 |
First Step Housing Sacramento, CA | $1,058,195 | $4,450,714 |
The Center For Cultural Innovation Los Angeles, CA | $15,572,704 | $5,971,325 |
Alliance For California Traditional Arts Fresno, CA | $2,645,027 | $4,730,784 |