Museum Of Russian Art in Minneapolis, Minnesota (MN)

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Museum Of Russian Art
Employer Identification Number (EIN)753044344
Name of OrganizationMuseum Of Russian Art
In Care of NameRaymond E Johnson
Address5500 Stevens Ave, Minneapolis, MN 55419-1933
SubsectionCharitable Organization
Ruling Date12/2002
DeductibilityContributions are deductible
FoundationOrganization which receives a substantial part of its support from a governmental unit or the general public
OrganizationCorporation
Exempt Organization StatusUnconditional Exemption
Tax Period12/2012
Assets$10,000,000 to $49,999,999
Income$500,000 to $999,999
Filing Requirement990 (all other) or 990EZ return
Asset Amount$11,748,022
Amount of Income$729,903
Form 990 Revenue Amount$703,851
National Taxonomy of Exempt Entities (NTEE)Arts, Culture and Humanities: Art Museums


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Amount of income in 2012: $729,903
Museum Of Russian Art: 

 $729,903
Other organizations performing similar types of work: 

 $81,616

Assets in 2012: $11,748,022
This organization: 

 $11,748,022
Other organizations performing similar types of work: 

 $106,164

Expenses in 2007: $1,699,080
Museum Of Russian Art: 

 $1,699,080
Other organizations performing similar types of work: 

 $1,699,080

Income to expenses ratio in 2007: 2.0
Museum Of Russian Art: 

 2.0
Other organizations performing similar types of work: 

 1.1

Expenses allocated to program services in 2007: 61.6%
Museum Of Russian Art: 

 61.6%
Other organizations performing similar types of work: 

 66.9%

Number of employees in 2007: 3
Museum Of Russian Art: 

 3
Other organizations performing similar types of work: 

 35

Employees paid over $50,000 in 2007: 66.7%
Museum Of Russian Art: 

 66.7%
Other organizations performing similar types of work: 

 14.3%

Grants share in income in 2007: 88.8%
This organization: 

 88.8%
Other organizations performing similar types of work: 

 59.7%

Financial snapshot ($)

Revenue for 2007

Assets at end of 2007

Expenses for 2007

Functional Expenses for 2007 ($)

Income-Producing Activities for 2007

Revenue, Expenses, and Changes in Net Assets or Fund Balances
200520062007
Total revenue$2,592,863$4,071,443$3,462,095
Contributions, gifts, grants, and similar amounts received$2,375,778$3,760,976$3,075,627
Contributions to donor advised funds$0$0
Direct public support$2,375,778$3,760,976$3,075,627
Indirect public support$0$0$0
Government contributions (grants)$0$0$0
Program service revenue including government fees and contracts$7,500$0$0
Membership dues and assessments$26,400$31,779$54,223
Interest on savings and temporary cash investments$2,273$1,543$1,621
Dividends and interest from securities$0$0$0
Net rental income or (loss)$78,446$93,444$105,599
Gross rents$78,446$93,444$105,599
Less: rental expenses$0$0$0
Other investment income$0$0$0
Gain or (loss) from sales of assets other than inventory$0$-7,686$0
Gross amount from sales of assets other than inventory$0$860,799$0
Less: cost or other basis and sales expenses$0$868,485$0
Net income or (loss) from special events and activities$0$0$0
Gross revenue$0$0$0
Less: direct expenses other than fundraising expenses$0$0$0
Gross profit or (loss) from sales of inventory$101,166$189,641$224,378
Gross sales of inventory, less returns and allowances$197,863$387,527$411,362
Less: cost of goods sold$96,697$197,886$186,984
Other revenue$1,300$1,746$647
Total expenses$1,646,293$1,592,250$1,699,080
Program services$1,202,516$1,001,366$1,047,175
Management and general$335,142$428,890$475,673
Fundraising$108,635$161,994$176,232
Payments to affiliates$0$0$0
Net assets or fund balances at end of year$4,301,771$6,780,964$8,543,979
Excess or (deficit) for the year$946,570$2,479,193$1,763,015
Net assets or fund balances at beginning of year$3,355,201$4,301,771$6,780,964
Other changes in net assets or fund balances$0$0$0
Statement of Functional Expenses (for 2007)
TotalProgram servicesManagement and generalFundraising
Total functional expenses$1,699,080$1,047,175$475,673$176,232
Grants paid from donor advised funds$0
Other grants and allocations$2
Specific assistance to individuals$0
Benefits paid to or for members$120
Compensation of current officers, directors, key employees, etc.$257,835$103,134$103,134$51,567
Compensation of former officers, directors, key employees, etc.$0$0$0$0
Compensation and other distributions, not included above, to disqualified persons (as defined under section 4958(f)(1)) and persons described in section 4958(c)(3)(B)$0$0$0$0
Salaries and wages of employees not included above$83,815$54,480$29,335$0
Pension plan contributions not included above$11,667$0$11,667$0
Employee benefits not included above$0$0$0$0
Payroll taxes$27,650$12,756$10,721$4,173
Professional fundraising fees$42,811$0$0$42,811
Accounting fees$17,090$0$17,090$0
Legal fees$17,211$0$17,211$0
Supplies$33,008$13,203$19,805$0
Telephone$2,818$564$2,254$0
Postage and shipping$14,085$11,268$2,817$0
Occupancy$89,403$70,628$18,775$0
Equipment rental and maintenance$29,857$21,291$8,566$0
Printing and publications$113,316$90,653$0$22,663
Travel$36,060$25,193$10,867$0
Conferences, conventions, and meetings$7,097$7,097$0$0
Interest$242,258$96,903$96,903$48,452
Depreciation, depletion, etc.$212,063$169,650$42,413$0
Other expenses not covered above$460,914$370,233$84,115$6,566
Balance Sheets
200520062007
Total assets$9,870,743$10,304,167$11,476,979
Cash - non-interest-bearing$586,650$102,376$23,506
Savings and temporary cash investments$614$41,747$1,339
Accounts receivable less allowance for doubtful accounts$680$0$0
Pledges receivable less allowance for doubtful accounts$250,000$0$0
Grants receivable$0$0$0
Receivables from current and former officers, directors, trustees, and key employees$0$0$0
Receivables from other disqualified persons (as defined under section 4958(f)(1)) and persons described in section 4958(c)(3)(B)$0$0
Other notes and loans receivable less allowance for doubtful accounts$0$0$0
Inventories for sale or use$61,402$99,920$137,637
Prepaid expenses and deferred charges$16,064$6,787$4,394
Investments - publicly-traded securities$0$0
Investments - other securities$0$0$0
Investments - land, buildings, and equipment less accumulated depreciation$0$0$0
Investments - other$0$0$0
Land, buildings, and equipment less accumulated depreciation$8,937,208$10,050,212$11,310,103
Other assets, including program-related investments$18,125$3,125$0
Total liabilities$5,568,972$3,523,203$2,933,000
Accounts payable and accrued expenses$425,717$187,260$289,812
Grants payable$0$0$0
Deferred revenue$0$0$0
Loans from officers, directors, trustees, and key employees$0$0$0
Tax-exempt bond liabilities$0$0$0
Mortgages and other notes payable$5,143,255$3,335,943$2,643,188
Other liabilities$0$0$0
Total liabilities and net assets/fund balances$9,870,743$10,304,167$11,476,979
Total net assets or fund balances$4,301,771$6,780,964$8,543,979
Reconciliation of Revenue per Audited Financial Statements With Revenue per Return
200520062007
Total revenue$2,592,863$4,071,443$3,462,095
Total revenue, gains, and other support per audited financial statements$2,688,410$4,269,329$3,649,079
Other expenses$96,697$197,886$186,984
Net unrealized gains on investments$0$0$0
Donated services and use of facilities$0$0$0
Recoveries of prior year grants$0$0$0
Other$96,697$197,886$186,984
Other revenue$1,150$0$0
Investment expenses$0$0$0
Other$1,150$0$0
Reconciliation of Expenses per Audited Financial Statements With Expenses per Return
200520062007
Total expenses$1,646,293$1,592,250$1,699,080
Total expenses and losses per audited financial statements$1,742,990$1,790,136$1,886,064
Other revenue$96,697$197,886$186,984
Donated services and use of facilities$0$0$0
Prior year adjustments$0$0$0
Losses$0$0$0
Other$96,697$197,886$186,984
Other expenses$0$0$0
Investment expenses$0$0$0
Other$0$0$0
Current Officers, Directors, Trustees, and Key Employees
Average hours per week devoted to positionCompensationContributions to employee benefit plans & deferred compensation plansExpense account and other allowances
0$146,779$0$0
0$111,057$0$0
Total number of officers, directors, and trustees permitted to vote on organization business at board meetings10
Are any officers, directors, trustees, or key employees listed in Form 990, Part V-A, or highest compensated employees listed in Schedule A, Part I, or highest compensated professional and other independent contractors listed in Schedule A, Part II-A or II-B, related to each other through family or business relationships?Yes
Do any officers, directors, trustees, or key employees listed in Form 990, Part V-A, or highest compensated employees listed in Schedule A, Part I, or highest compensated professional and other independent contractors listed in Schedule A, Part II-A or II-B, receive compensation from any other organizations, whether tax exempt or taxable, that are related to the organization?Yes
Does the organization have a written conflict of interest policy?Yes
Other Information
Did the organization have unrelated business gross income of $1,000 or more during the year covered by this return, and has it filed a tax return on Form 990-T for this year?No
Was there a liquidation, dissolution, termination, or substantial contraction during the year?No
Is the organization related (other than by association with a statewide or nationwide organization) through common membership, governing bodies, trustees, officers, etc., to any other exempt or nonexempt organization?No
Direct and indirect political expenditures$0
Did the organization file Form 1120-POL for this year?No
Were substantially all dues nondeductible by members?
Did the organization make only in-house lobbying expenditures of $2,000 or less?
Dues, assessments, and similar amounts from members$0
Section 162(e) lobbying and political expenditures$0
Aggregate nondeductible amount of section 6033(e)(1)(A) dues notices$0
Taxable amount of lobbying and political expenditures$0
Does the organization elect to pay the section 6033(e) tax on the amount above?
If section 6033(e)(1)(A) dues notices were sent, does the organization agree to add the amount above to its reasonable estimate of dues allocable to nondeductible lobbying and political expenditures for the following tax year?
Initiation fees and capital contributions$0
Gross receipts for public use of club facilities$0
At any time during the year, did the organization, directly or indirectly, own a controlled entity within the meaning of section 512(b)(13)?No
Amount of tax imposed on the organization during the year under: section 4911$0
Amount of tax imposed on the organization during the year under: section 4912$0
Amount of tax imposed on the organization during the year under: section 4955$0
Did the organization engage in any section 4958 excess benefit transaction during the year or did it become aware of an excess benefit transaction from a prior year?No
Amount of tax imposed on the organization managers or disqualified persons during the year under sections 4912, 4955, and 4958$0
Amount of tax above, reimbursed by the organization$0
At any time during the tax year, was the organization a party to a prohibited tax shelter transaction?No
Did the organization acquire a direct or indirect interest in any applicable insurance contract?No
Did the supporting organization, or a fund maintained by a sponsoring organization, have excess business holdings at any time during the year?No
Number of employees employed in the pay period that includes March 12, 20063
Analysis of Income-Producing Activities (for 2007)
Unrelated business incomeExcluded by section 512, 513, or 514Related or exempt function income
Business codeAmountExclusion codeAmount
Total$0$107,220$279,248
Program service revenue
Program service revenue 1000000$000$0$0
Program service revenue 2000000$000$0$0
Program service revenue 3000000$000$0$0
Program service revenue 4000000$000$0$0
Program service revenue 5000000$000$0$0
Medicare/Medicaid payments000000$000$0$0
Fees and contracts from government agencies000000$000$0$0
Membership dues and assessments000000$000$0$54,223
Interest on savings and temporary cash investments000000$0Dividends, interest, payments with respect to securities loans, annuities, income from notional principal contracts, loan commitment fees, and other substantially similar income from ordinary and routine investments excluded by section 512(b)(1)$1,621$0
Dividends and interest from securities000000$000$0$0
Net rental income or (loss) from real estate
debt-financed property000000$000$0$0
not debt-financed property000000$0Income from an activity that is not regularly carried on (section 512(a)(1))$105,599$0
Net rental income or (loss) from personal property000000$000$0$0
Other investment income000000$000$0$0
Gain or (loss) from sales of assets other than inventory000000$000$0$0
Net income or (loss) from special events000000$000$0$0
Gross profit or (loss) from sales of inventory000000$000$0$224,378
Other revenue000000$000$0$647
Information Regarding Taxable Subsidiaries and Disregarded Entities (for 2007)
EIN of corporation, partnership, or disregarded entityPercentage of ownership interestTotal incomeEnd-of-year assets
0%$0$0
0%$0$0
0%$0$0
0%$0$0
Compensation of the Five Highest Paid Employees Other Than Officers, Directors, and Trustees (for 2007)
CompensationContributions to employee benefit plans & deferred compensationExpense account and other allowances
$0$0$0
$0$0$0
$0$0$0
$0$0$0
$0$0$0
Total number of other employees paid over $50,0000
Statements About Activities (for 2007)
Expenses paid or incurred in connection with the lobbying activities$0
Did the organization receive or hold an easement for conservation purposes, including easements to preserve open space, the environment, historic land areas or historic structures?No
Did the organization provide credit counseling, debt management, credit repair, or debt negotiation services?No
Did the organization maintain any donor advised funds?No
Did the organization make any taxable distributions under section 4966?No
Did the organization make a distribution to a donor, donor advisor, or related person?No
Enter the total number of donor advised funds owned at the end of the tax year$0
Enter the aggregate value of assets held in all donor advised funds owned at the end of the tax year$0
Enter the total number of separate funds or accounts owned at the end of the tax year (excluding donor advised funds included above) where donors have the right to provide advice on the distribution or investment of amounts in such funds or accounts$0
Enter the aggregate value of assets held in all funds or accounts included above at the end of the tax year$0
Reason for Non-Private Foundation Status
The organization is not a private foundation because it isOrganization that receives a substantial part of its support from a governmental unit or from the general public
Support Schedule
200420052006
Total$2,000,365$2,567,278$3,960,088
Gifts, grants, and contributions received$1,964,379$2,375,778$3,649,665
Membership fees received$2,865$2,115$25,795
Gross receipts from admissions, merchandise sold or services performed, or furnishing of facilities in any activity that is related to the organization's charitable, etc., purpose$15,537$108,666$189,641
Gross income from interest, dividends, amounts received from payments on securities loans (section 512(a)(5)), rents, royalties, and unrelated business taxable income (less section 511 taxes) from businesses acquired by the organization after June 30, 1975$17,584$80,719$94,987
Net income from unrelated business activities not included above$0$0$0
Tax revenues levied for the organization's benefit and either paid to it or expended on its behalf$0$0$0
The value of services or facilities furnished to the organization by a governmental unit without charge. Do not include the value of services or facilities generally furnished to the public without charge$0$0$0
Other income$0$0$0
Lobbying Expenditures by Electing Public Charities (for 2007)
Total exempt purpose expenditures$0
Total lobbying expenditures$0
Total lobbying expenditures to influence public opinion (grassroots lobbying)$0
Total lobbying expenditures to influence a legislative body (direct lobbying)$0
Other exempt purpose expenditures$0
Lobbying nontaxable amount$0
Grassroots nontaxable amount$0
Statements Regarding Other IRS Filings and Tax Compliance (for 2011)
Did the organization have unrelated business gross income of $1,000 or more during the year?No
Initiation fees and capital contributions$0
Gross receipts for public use of club facilities $0
Gross income from members or shareholders$0
Gross income from other sources$0
Statement of Revenue (for 2011)
Total revenue$498,448
Contributions, Gifts, Grants and Other Similar Amounts$257,676
Program Service Revenue$165,833
Other Revenue
Investment income (including dividends, interest, and other similar amounts)$0
Income from investment of tax-exempt bond proceeds$0
Royalties$0
Net rental income$45,184
Gross rents (Real / Personal)$45,184 / $0
Less: rental expenses (Real / Personal)$0 / $0
Rental income or (loss) (Real / Personal)$45,184 / $0
Net gain from sales of assets other than inventory$0
Net income from fundraising events$0
Net income from gaming activities$0
Net income from sales of inventory$16,160
Gross sales of inventory, less returns and allowances$40,767
Less: cost of goods sold$24,607
Miscellaneous Revenue$13,595
Statement of Functional Expenses (for 2011)
Total functional expenses$1,425,387
Compensation of current officers, directors, trustees, and key employees$150,000
Other salaries and wages$327,725
Payroll taxes$35,265
Professional fundraising services$0
Other$912,397
Balance Sheet (for 2011)
Total assets$12,316,430
Total liabilities$1,846,924
Tax-exempt bond liabilities$0
Secured mortgages and notes payable to unrelated third parties$1,777,515
Unsecured notes and loans payable to unrelated third parties$0
Other$69,409
Total net assets or fund balances$10,469,506
Retained earnings, endowment, accumulated income, or other funds$0
Reason for Public Charity Status (for 2011)
The organization is not a private foundation because it is:An organization that normally receives a substantial part of its support from a governmental unit or from the general public described in section 170(b)(1)(A)(vi)
Support Schedule for Organizations Described in Sections 170(b)(1)(A)(iv) and 170(b)(1)(A)(vi) (for 2011)
2007 - 2011 Total
Total Support$8,424,656
Gifts, grants, contributions, and membership fees received$7,986,701
Tax revenues levied for the organization's benefit and either paid to or expended on its behalf$0
The value of services or facilities furnished by a governmental unit to the organization without charge$0
Gross income from interest, dividends, payments received on securities loans, rents, royalties and income from similar sources$437,955
Gross receipts from related activities, etc.$0
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Organizations performing similar types of work
IdNameAddressStateEstablishedTotal Income
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3Woodmere Art Museum Inc9201 Germantown Ave, Philadelphia, PA 19118-2618PA1940-09$11,262,009
4Taft Museum Of Art316 Pike St, Cincinnati, OH 45202-4214OH2006-10$10,593,555
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6Paine Art Center & Gardens Inc1410 Algoma Blvd, Oshkosh, WI 54901-2719WI1949-09$3,878,508
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8Museum Of Russian Art5500 Stevens Ave, Minneapolis, MN 55419-1933MN2002-12$729,903
9Dixie Center For The ArtsPO BOX 2771, Ruston, LA 71273-2771LA2002-07$135,694
10Concrete Couch513 Manitou Ave, Manitou Spgs, CO 80829-1806CO2005-11$81,616
11Mass State Committee Of The National Museum Of Women In The Ar183 Commonwealth Avenue, Boston, MA 02116MA2007-06$21,319
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Number of organizations performing similar types of work
Alaska2
Alabama7
Arkansas2
Arizona10
California71
Colorado9
Connecticut6
District of Columbia2
Delaware1
Florida16
Georgia13
Hawaii1
Iowa2
Illinois27
Indiana6
Kansas3
Kentucky6
Louisiana9
Massachusetts12
Maryland7
Maine6
Michigan13
Minnesota8
Missouri13
Mississippi3
Montana4
North Carolina8
North Dakota1
Nebraska3
New Hampshire4
New Jersey8
New Mexico8
Nevada5
New York49
Ohio10
Oklahoma5
Oregon4
Pennsylvania7
Rhode Island2
South Carolina5
Tennessee5
Texas33
Utah2
Virginia8
Vermont1
Washington11
Wisconsin5
West Virginia3
Wyoming5
International2
Total453

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