Highpoint Center for Printmaking FY2023 filing

Tax-deductible

Minneapolis, MN501(c)(3)Arts & CultureEIN 41-1977650Revenue $1.7M in FY2023

On file with the IRShighpointprintmaking.org912 W Lake St, 55408-2857 · Minneapolis, MNTax-exempt since Apr 2001Publicly supported charity — 170(b)(1)(A)(vi)

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Highpoint Center for Printmaking is dedicated to advancing the art of Printmaking.

501(c)(3) charity; gifts are tax-deductible.
81¢ of each $1 spent went to programs.
$126K paid to officers and key staff.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · Pay: Part VII

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FY2023 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(3)
not on the IRS revocation list
Looks good: listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
Yes
Donations are tax-deductible
Looks good: the IRS lists gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2024
latest Form 990
Looks good: the latest return is for FY2024, 2 tax years back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
4 of 5
filings with a surplus
Average surplus $307K a year · 17% of revenue · last 5 filings
Fine: a surplus in 4 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
81%
of spending
Looks good: 81% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$126K
to officers and key staff · 7% of spending
Looks good: pay to officers and key staff is 7% of spending; 15% or less.
Pt VII · Sec A
Cash reserves
15 mo
of spending, in cash
Looks good: 14.8 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
15
named funders · $300K
Looks good: 15 funders name it on their filings; 3 or more.
Funders’ Sch. I, 990-PF
Liabilities
$108K
3% of total assets
Looks good: liabilities are 3% of assets; 50% or less.
Pt X · Ln 26
Independent board members
13
of 13 voting members
Looks good: 13 of 13 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$1.7M
-43% vs prior year
Spent
$1.8M
To programs
81%
Net assets
$4.1M
By yearFY2020–FY2024
Revenue
$1.7M
FY2023▼ -43%
Tap a bar for its year
Revenue by fiscal year
FY2020$1.1M
FY2021$1.2M
FY2022$3.0M
FY2023$1.7M
FY2024$2.2M
Expenses
$1.8M
FY2023▼ -20%
Tap a bar for its year
Expenses by fiscal year
FY2020$926K
FY2021$1.1M
FY2022$2.2M
FY2023$1.8M
FY2024$1.7M
Net assets
$4.1M
FY2023▼ -2%
Tap a bar for its year
Net assets by fiscal year
FY2020$3.3M
FY2021$3.4M
FY2022$4.2M
FY2023$4.1M
FY2024$4.7M

From the FY2023 Form 990 · figures checked against the IRS filing · see the original

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You’re viewing the FY2023 filing — not the latest on file. See the latest (FY2024) →

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Apr 2001.

IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Where the money goes

81 cents of each dollar spent went to programs.

Program services 81% · $1.4M Management & general 16% · $277K Fundraising 3% · $58K

Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.

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Who runs it and what they're paid

15 people listed on the 990; $126K paid to officers and key staff.

Part VII, Section A · reportable compensation
Executive Director
$109,692Pt VII · Sec A
Interim Executive Director
$16,000Pt VII · Sec A
$0Pt VII · Sec A
Vice-Chair
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
$0Pt VII · Sec A

Jehra Patrick’s $118K as Executive Director is at the 47th percentile of top reported officer pay among 3924 $1–10M arts & culture nonprofits. Peer set: organizations in the same NTEE major field of work and revenue-size band, compared on each org’s own highest-paid officer/key-employee, from Form 990 Part VII / 990-PF Part VIII. Descriptive placement, not a verdict on whether the pay is appropriate.

Compensation history total reportable pay by year · 5 named individuals · Part VII

NameFY2024FY2023FY2022FY2021FY2020
Jehra Patrick$118,384$109,692$43,642——
Patricia Wilder——$103,125——
Carla McGrath———$74,896$68,327
Cole Rogers——$65,249$74,073$67,959
Sarah Peters—$16,000———

Total reportable compensation (Form 990 Part VII column D / Schedule J column E) by filing year, matched by name within this organization. The Schedule J base / bonus / deferred breakdown is not parsed into this dataset.

See Highpoint Center for Printmaking executive salaries →

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Questions the 990 asks

The form asks each of these directly. These are the filed answers.

  • Family or business ties among officersPt VI · Ln 2No
  • Top official's pay set by an independent reviewPt VI · Ln 15aYes

Programs and updates

Advances the art of printmaking through education and exhibitions.

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Provided by the organization

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3 programs · $1.2M · in their own filed words · FY2023
01

Highpoint Editions (HPE) is a professional printing studio and visiting artist program where established artists learn print techniques and publish original work through the guidance and collaboration of professional printers.

$519Kprogram expense
02

A Cooperative Printshop where artists can create work in community with one another, access professional equipment, and exhibit and sell artwork in our galleries. Since 2001, this artist cooperative has been a vital component of the organization that allows artists to create work in a supportive, collaborative, and professional print…

$346Kprogram expense
03

K-12 Field Trips and Workshops

Since our inception, we have taught over 100,000 K-12 youth. Many of our school partners are Title 1 and apply for HP scholarships to attend workshops and receive free transportation. Many schools walk to Highpoint from neighboring schools like Whittier and Ella Baker Elementary (2,500 students/year)Highpoint's Environmental Creative…

$317Kprogram expense

Funders

Who pays for it.

From grant filings on record. Receipts are incomplete: individual donors are never listed.

Grants

Schedule I · funders on record
Grants received · FY2024
See all 15 funders →

By the numbers

The FY2023 990, line by line.

1The main four
Money inPt VIII
$1.7M
Ln 12
Fees for servicesLn 2g$1.1M
Gifts and grantsLn 1h$614K
Investment incomeLn 3$7K
Money outPt IX
$1.8M
Ln 25
Programscol B$1.4M
Managementcol C$277K
Fundraisingcol D$58K
Owns and owesPt X
$4.1M
net assets · Ln 32
Cash and savingsLn 1–2$2.2M
Total assetsLn 16$4.2M
LiabilitiesLn 26$108K
PeoplePt VI, VII
15
listed · VII A
PaidVII A2
Voting boardVI 1a13
IndependentVI 1b13
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$614K
Government grantsLn 1e$143K
Fees for servicesLn 2g$1.1M
Investment incomeLn 3$7K
Total revenueLn 12$1.7M
Assets in detailPt X, end of year
CashLn 1$1.7M
SavingsLn 2$526K
Cash and savings togetherLn 1–2$2.2M
Land, buildings, equipmentLn 10c$1.7M
Total assetsLn 16$4.2M
LiabilitiesLn 26$108K
Net assetsLn 32$4.1M
OperationsPt I, VI
EmployeesI 511
VolunteersI 612
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13Yes
Records policyVI 14Yes
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY23End FY23
Cash and savingsLn 1–2$1.9M$2.2M
Land, buildings, equipmentLn 10c$1.8M$1.7M
Total assetsLn 16$4.3M$4.2M
LiabilitiesLn 26$156K$108K
Net assetsLn 32$4.2M$4.1M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Pay of current officers, directors and key staffLn 5$136K$102K$26K$8K
Other salaries and wagesLn 7$464K$347K$89K$28K
Pension plan contributionsLn 8$10K$7K$2K$574
Other employee benefitsLn 9$45K$33K$9K$3K
Payroll taxesLn 10$44K$33K$9K$3K
Legal feesLn 11b$12K$10K$2K
Accounting feesLn 11c$35K$35K
Other fees for servicesLn 11g$29K$9K$19K$1K
Advertising and promotionLn 12$24K$20K$2K$3K
Office expensesLn 13$39K$28K$8K$3K
Information technologyLn 14$578$578
OccupancyLn 16$51K$37K$11K$3K
TravelLn 17$61K$42K$19K$502
Depreciation, depletion and amortizationLn 22$71K$53K$14K$4K
InsuranceLn 23$23K$17K$5K$1K
Other expenses (24a–d)Ln 24$702K$689K$12K$1K
All other expensesLn 24e$31K$15K$16K$225
Total functional expensesLn 25$1.8M$1.4M$277K$58K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest $2.2M$1.7M$514K$4.7M 990 PDF
FY2023 Viewing $1.7M$1.8M−$72K$4.1M 990 PDF
FY2022 $3.0M$2.2M$772K$4.2M 990 PDF
FY2021 $1.2M$1.1M$115K$3.4M 990 PDF
FY2020 $1.1M$926K$208K$3.3M 990 PDF

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Schedules filed Part IV

III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
See the full FY2023 990 (6 parts)
Part I · Summary $1,704,388 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $381,942$614,340
I-9 Program service revenuePrior year $2,617,680$1,082,915
I-10 Investment incomePrior year $440$7,133
I-11 Other revenuePrior year $0$0
I-12 Total revenuePrior year $3,000,062$1,704,388
I-13 Grants and similar amounts paidPrior year $0$0
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $622,208$698,010
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $1,605,706$1,078,199
I-18 Total expensesPrior year $2,227,914$1,776,209
I-19 Revenue less expensesPrior year $772,148−$71,821
Part VI · Governance 13 of 13 board members independent, no flags
VI-1a Voting members of the governing body13
VI-1b Independent voting members13
VI-2 Family or business relationship among officers or directorsNo
VI-12a Written conflict of interest policyYes
VI-13 Written whistleblower policyYes
VI-14 Document retention and destruction policyYes
VI-15a Process for setting top official's payYes
Part VIII · Statement of revenue $1,704,388 across 6 lines filed
VIII-1e Government grants$142,605
VIII-1f All other contributions, gifts and grants$471,735
VIII-1h Total contributions, gifts and grants$614,340
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $1,082,915$1,082,915
VIII-3 Investment incomeExcluded from tax $7,133$7,133
VIII-12 Total revenueRelated to mission $1,082,915 · Unrelated business $0 · Excluded from tax $7,133$1,704,388
Part IX · Statement of functional expenses $1,776,209 across 17 lines filed
IX-5 Pay of current officers, directors and key staffPrograms $101,556 · Management $26,083 · Fundraising $8,053$135,692
IX-7 Other salaries and wagesPrograms $347,172 · Management $88,953 · Fundraising $27,531$463,656
IX-8 Pension plan contributionsPrograms $7,242 · Management $1,916 · Fundraising $574$9,732
IX-9 Other employee benefitsPrograms $33,334 · Management $8,821 · Fundraising $2,643$44,798
IX-10 Payroll taxesPrograms $32,839 · Management $8,689 · Fundraising $2,604$44,132
IX-11b Legal feesPrograms $9,994 · Management $1,560$11,554
IX-11c Accounting feesManagement $35,003$35,003
IX-11g Other fees for servicesPrograms $9,093 · Management $18,885 · Fundraising $1,122$29,100
IX-12 Advertising and promotionPrograms $19,760 · Management $1,800 · Fundraising $2,664$24,224
IX-13 Office expensesPrograms $27,937 · Management $8,397 · Fundraising $2,629$38,963
IX-14 Information technologyManagement $578$578
IX-16 OccupancyPrograms $36,934 · Management $11,102 · Fundraising $2,903$50,939
IX-17 TravelPrograms $41,552 · Management $18,564 · Fundraising $502$60,618
IX-22 Depreciation, depletion and amortizationPrograms $52,961 · Management $14,015 · Fundraising $4,200$71,176
IX-23 InsurancePrograms $17,128 · Management $4,532 · Fundraising $1,358$23,018
IX-24 Other expenses (24a–d)Programs $688,776 · Management $12,261 · Fundraising $1,292$702,329
IX-24e All other expensesPrograms $14,952 · Management $15,520 · Fundraising $225$30,697
IX-25 Total functional expensesPrograms $1,441,230 · Management $276,679 · Fundraising $58,300$1,776,209
Part X · Balance sheet $4,193,738 assets, 14 lines filed
X-1 Cash, non-interest-bearingStart of year $1,333,223$1,666,040
X-2 Savings and temporary cash investmentsStart of year $524,475$525,627
X-3 Pledges and grants receivableStart of year $212,709$131,272
X-4 Accounts receivableStart of year $425,709$96,270
X-8 Inventories for sale or useStart of year $36,135$60,633
X-9 Prepaid expenses and deferred chargesStart of year $23,766$26,140
X-10c Land, buildings and equipment, netStart of year $1,757,733$1,687,756
X-16 Total assetsStart of year $4,313,750$4,193,738
X-17 Accounts payable and accrued expensesStart of year $156,281$108,090
X-26 Total liabilitiesStart of year $156,281$108,090
X-27 Net assets without donor restrictionsStart of year $3,790,190$3,810,228
X-28 Net assets with donor restrictionsStart of year $367,279$275,420
X-32 Total net assets or fund balancesStart of year $4,157,469$4,085,648
X-33 Total liabilities and net assetsStart of year $4,313,750$4,193,738
Part XI · Reconciliation of net assets $4,085,648 net assets at year end
XI-1 Total revenue$1,704,388
XI-2 Total expenses$1,776,209
XI-3 Revenue less expenses−$71,821
XI-4 Net assets at start of year$4,157,469
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$4,085,648

Form 990 e-file (XML) FY2023 from the IRS · Classification, formation year and address from the IRS Business Master File

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