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Minnesota Street Project Foundation

Tax-deductible

San Francisco, CA501(c)(3)Arts & CultureEIN 83-3859484

The organization works to strengthen the san francisco bay area (california, USA) arts community.

501(c)(3) charity; gifts are tax-deductible.
67¢ of each $1 spent went to programs.
Run by 3 volunteers and 8 employees.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · People: Part I, lines 5–6

Before you give

FY2024 · 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
2 of 5
filings with a surplus
Average deficit $400K a year · 33% of revenue · last 5 filings
Concern: a surplus in 2 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
67%
of spending
Fine: 67% of spending went to programs; 65% to 75%.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$159K
to officers and key staff · 6% of spending
Top officer’s pay higher than 70% of similar orgs
Looks good: pay to officers and key staff is 6% of spending; 15% or less.
Pt VII · Sec A
Cash reserves
<1 mo
of spending, in cash
Worth a look: 0.7 months of spending in cash; under 1.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
2
named funders · $1.0M
Fine: 2 funders name it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$4.1M
193% of total assets
Concern: liabilities are 193% of assets; over 80%.
Pt X · Ln 26
Independent board members
3
of 3 voting members
Looks good: 3 of 3 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$1.8M
+127% vs prior year
Spent
$2.5M
To programs
67%
Net assets
−$2.0M
By yearFY2020–FY2024
Revenue
$1.8M
FY2024▲ +127%
Revenue by fiscal year
FY2020$276K
FY2021$1.7M
FY2022$1.5M
FY2023$781K
FY2024$1.8M
Expenses
$2.5M
FY2024▼ -5%
Expenses by fiscal year
FY2020$241K
FY2021$754K
FY2022$1.8M
FY2023$2.7M
FY2024$2.5M
Net assets
−$2.0M
FY2024▼ -61%
Net assets by fiscal year
FY2020$47K
FY2021$947K
FY2022$650K
FY2023−$1.2M
FY2024−$2.0M

From the FY2024 Form 990 · figures checked against the IRS filing · see the original

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Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Aug 2020.

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

Where the money goes

67 cents of each dollar spent went to programs.

Program services 67% · $1.7M Management & general 33% · $830K

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

Who runs it and what they're paid

4 people listed on the 990; $159K paid to officers and key staff.

Part VII, Section A · reportable compensation
Rachel Sample
Foundation Director
$158,616Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A

Rachel Sample’s $159K as Foundation Director is at the 70th 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 · 1 named individual · Part VII

NameFY2024FY2023
Rachel Sample$158,616$158,708

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 Minnesota Street Project Foundation 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 2Yes
  • Top official's pay set by an independent reviewPt VI · Ln 15aYes

Programs and updates

Supports and builds the San Francisco Bay Area arts community.

Provided by the organization

This section is blank until Minnesota Street Project Foundation claims this page.

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3 program services account for $711K of program spending, described in the organization's own filed words · FY2024.
01

The artist studios program directly supports artists by providing critical access to the space, technology, and tools necessary for artists, curators, and arts technicians to create and present new work.

$509Kprogram expense
02

The exhibition & warehouse house residency program launched at 1201 minnesota street expands our work of directly supporting arts production and advancement of art practice, ensuring continued experimentation in the arts.

$186Kprogram expense
03

Screening gallery programming provides critical access to the space, technology, and tools necessary for artists, curators, and arts technicians to create and present new work for visiting public audiences.

$16Kprogram expense

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Funders

Who pays for it.

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

Grants

Schedule I · received and paid
Grants received · FY2024
Rappaport Family FoundationFY2024$1.0M
Crankstart FoundationFY2024$1K
Total grants receivedfrom 2 funders$1.0M
Grants paid · 8 grants · $240K · 2020–2023
San Francisco Arts Education ProjectCA · FY2023$6,000
Dance Film Sf INCCA · FY2023$5,350
Institute of Contemporary Art San FranciscoCA · FY2022$89,003
San Francisco Museum of Modern ArtCA · FY2022$9,550
Unitemized GrantFY2021$25,000
Unitemized GrantFY2021$5,000
Unitemized GrantFY2020$50,000
Unitemized GrantFY2020$50,000

By the numbers

The FY2024 990, line by line.

Download 990
from philanthropy.org
1The main four
Money inPt VIII
$1.8M
Ln 12
Gifts and grantsLn 1h$1.1M
Other incomeLn 4–11$439K
Fees for servicesLn 2g$208K
Money outPt IX
$2.5M
Ln 25
Programscol B$1.7M
Managementcol C$830K
Owns and owesPt X
−$2.0M
net assets · Ln 32
Cash and savingsLn 1–2$148K
Total assetsLn 16$2.1M
LiabilitiesLn 26$4.1M
PeoplePt VI, VII
4
listed · VII A
PaidVII A1
Voting boardVI 1a3
IndependentVI 1b3
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$1.1M
Fundraising eventsLn 1c$116K
Fees for servicesLn 2g$208K
Other incomeLn 4–11$439K
Total revenueLn 12$1.8M
Assets in detailPt X, end of year
CashLn 1$148K
Cash and savings togetherLn 1–2$148K
Land, buildings, equipmentLn 10c$1.6M
Other assetsLn 15$72K
Total assetsLn 16$2.1M
LiabilitiesLn 26$4.1M
Net assetsLn 32−$2.0M
OperationsPt I, VI
EmployeesI 58
VolunteersI 63
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 FY24End FY24
Cash and savingsLn 1–2$304K$148K
Land, buildings, equipmentLn 10c$1.6M$1.6M
Total assetsLn 16$2.3M$2.1M
LiabilitiesLn 26$3.5M$4.1M
Net assetsLn 32−$1.2M−$2.0M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Pay of current officers, directors and key staffLn 5$159K$159K
Other salaries and wagesLn 7$257K$257K
Other employee benefitsLn 9$27K$27K
Payroll taxesLn 10$35K$35K
Legal feesLn 11b$4K$4K
Accounting feesLn 11c$124K$124K
Other fees for servicesLn 11g$101K$22K$79K
Advertising and promotionLn 12$16K$12K$4K
Office expensesLn 13$4K$4K
Information technologyLn 14$17K$2K$15K
OccupancyLn 16$1.5M$1.5M$515
TravelLn 17$12K$12K
Depreciation, depletion and amortizationLn 22$54K$54K
InsuranceLn 23$36K$100$36K
Other expenses (24a–d)Ln 24$165K$156K$8K
All other expensesLn 24e$20K$8K$12K
Total functional expensesLn 25$2.5M$1.7M$830K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest Viewing $1.8M$2.5M−$755K−$2.0M 990 PDF
FY2023 $781K$2.7M−$1.9M−$1.2M 990 PDF
FY2022 $1.5M$1.8M−$297K$650K 990 PDF
FY2021 $1.7M$754K$900K$947K 990 PDF
FY2020 $276K$241K$35K$47K 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 FY2024 990 (4 parts)
Part VIII · Statement of revenue $1,774,263 across 7 lines filed
Lines not itemized here account for $3,095 of total revenue; see the IRS return.
VIII-1c Fundraising events$116,023
VIII-1f All other contributions, gifts and grants$1,011,365
VIII-1h Total contributions, gifts and grants$1,127,388
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $207,780$207,780
VIII-6 Net rental income or lossExcluded from tax $482,797$482,797
VIII-8 Net income from fundraising eventsExcluded from tax −$46,797−$46,797
VIII-12 Total revenueRelated to mission $210,875 · Unrelated business $0 · Excluded from tax $436,000$1,774,263
Part IX · Statement of functional expenses $2,528,975 across 16 lines filed
IX-5 Pay of current officers, directors and key staffManagement $158,616$158,616
IX-7 Other salaries and wagesManagement $256,677$256,677
IX-9 Other employee benefitsManagement $27,067$27,067
IX-10 Payroll taxesManagement $35,045$35,045
IX-11b Legal feesManagement $3,659$3,659
IX-11c Accounting feesManagement $124,173$124,173
IX-11g Other fees for servicesPrograms $21,540 · Management $79,109$100,649
IX-12 Advertising and promotionPrograms $11,945 · Management $4,078$16,023
IX-13 Office expensesManagement $3,961$3,961
IX-14 Information technologyPrograms $2,337 · Management $14,851$17,188
IX-16 OccupancyPrograms $1,498,757 · Management $515$1,499,272
IX-17 TravelManagement $11,846$11,846
IX-22 Depreciation, depletion and amortizationManagement $54,398$54,398
IX-23 InsurancePrograms $100 · Management $35,687$35,787
IX-24 Other expenses (24a–d)Programs $156,390 · Management $8,386$164,776
IX-24e All other expensesPrograms $7,599 · Management $12,239$19,838
IX-25 Total functional expensesPrograms $1,698,668 · Management $830,307 · Fundraising $0$2,528,975
Part X · Balance sheet $2,136,185 assets, 12 lines filed
X-1 Cash, non-interest-bearingStart of year $304,358$147,819
X-4 Accounts receivableStart of year $42,755$257,208
X-9 Prepaid expenses and deferred chargesStart of year $45,692$41,137
X-10c Land, buildings and equipment, netStart of year $1,577,099$1,617,931
X-15 Other assetsStart of year $284,962$72,090
X-16 Total assetsStart of year $2,254,866$2,136,185
X-17 Accounts payable and accrued expensesStart of year $484,969$345,204
X-25 Other liabilitiesStart of year $3,004,763$3,780,560
X-26 Total liabilitiesStart of year $3,489,732$4,125,764
X-27 Net assets without donor restrictionsStart of year −$1,234,866−$1,989,579
X-32 Total net assets or fund balancesStart of year −$1,234,866−$1,989,579
X-33 Total liabilities and net assetsStart of year $2,254,866$2,136,185
Part XI · Reconciliation of net assets −$1,989,579 net assets at year end
XI-1 Total revenue$1,774,263
XI-2 Total expenses$2,528,975
XI-3 Revenue less expenses−$754,712
XI-4 Net assets at start of year−$1,234,866
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year−$1,989,579

Form 990 e-file (XML) FY2024 from the IRS · Classification, formation year and address from the IRS Business Master File

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