2025-11-26T11:22:36-06:00 2025-06-30 410746749 CLIFTONLARSONALLEN LLP 220 S 6TH STREET SUITE 300 MINNEAPOLIS MN 55402 990 2024-07-01 410804989 MINNETONKA CENTER FOR THE ARTS MINN 9524737361 2240 NORTH SHORE DRIVE WAYZATA MN 553919347 ROXANNE L HEATON EXECUTIVE DIRECTOR 9524737361 2025-11-21 1 0 AMANDA SYKORA P01591796 6123764500 2025-11-21 2024 2025-03-06 01:10:19Z ROXANNE L HEATON 2240 NORTH SHORE DRIVE WAYZATA MN 553919347 1499527 0 X WWW.MINNETONKAARTS.ORG X 1952 MN PROVIDE VISUAL ART INSTRUCTION, EXHIBITIONS, AND CULTURAL ENRICHMENT TO ALL AGES AND INTERESTS. 11 11 75 81 0 0 361771 494263 919320 986860 14873 7449 7668 10955 1303632 1499527 551 3321 0 0 658445 693234 0 0 99001 784553 823869 1443549 1520424 -139917 -20897 4590863 4605414 213113 227301 4377750 4378113 IN THE BELIEF THAT THE VISUAL ARTS ARE INDISPENSABLE TO A HEALTHY COMMUNITY, IT IS THE MISSION OF THE MINNETONKA CENTER FOR THE ARTS TO PROVIDE TEACHING EXCELLENCE, QUALITY EXHIBITIONS, AND CULTURAL ENRICHMENT FOR PEOPLE OF ALL AGES, INTERESTS, AND ABILITIES. 0 0 959631 3321 804768 STUDIO CLASSES:IN PURSUIT OF OUR GOAL TO ENHANCE THE QUALITY OF LIFE IN OUR COMMUNITY, WE PROVIDE YEAR-ROUND STUDIO CLASSES FOR ADULTS, YOUTH, AND CHILDREN. WE PROVIDE CLASSES IN PAINTING, DRAWING, SCULPTURE, CERAMICS, PHOTOGRAPHY, FIBER ARTS, GLASS, JEWELRY AND MORE. INSTRUCTORS ARE HIGHLY SKILLED, PROFESSIONAL ARTISTS WITH EXPERIENCE AND AN INTEREST IN NURTURING AND GUIDING DEVELOPING ARTISTS. FOR FY25, WE HELD 554 ON-SITE STUDIO CLASSES AND WORKSHOPS AND HAD OVER 2,801 REGISTRATIONS. IN ADDITION, WE HAD OVER 581 REGISTRATIONS FOR OUR SUMMER ARTS CAMP, WHICH PROVIDES A UNIQUE OPPORTUNITY FOR CHILDREN AND YOUTH AGES 5-15 TO EXPERIENCE A PROFESSIONAL ART STUDIO ENVIRONMENT AND LEARN FROM WORKING ARTISTS. 166145 0 162208 EXHIBITIONS:OUR GALLERY IS OPEN TO THE PUBLIC AND ADMISSION IS FREE. WE FEATURE ARTWORK BY LOCAL, REGIONAL, AND NATIONALLY KNOWN ARTISTS. IN FY25, WE PRESENTED FOUR EXHIBITS ON-SITE AND AN ADDITIONAL FOUR EXHIBITS OFFSITE AT THE RIDGEDALE SHOPPING CENTER. A TOTAL OF 4,294 WORKS OF ART AND FINE CRAFT BY 200 ARTISTS WITH A TOTAL RETAIL VALUE OF $456,035 WERE DISPLAYED. 20052 0 19884 COMMUNITY OUTREACH:IN AN EFFORT TO MAKE OUR PROGRAMS AVAILABLE TO THE WIDEST POSSIBLE AUDIENCE, 513 CHILDREN, YOUTH AND ADULTS FROM TWENTY DIFFERENT COMMUNITY PARTNERS PARTICIPATED IN OUR OUTREACH PROGRAMS DURING THE FISCAL YEAR. MANY PARTICIPATED AT LOW OR NO COST. 1145828 1 1 0 0 0 0 0 1 0 1 1 0 0 0 0 1 1 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 67 0 1 75 1 0 0 0 0 0 0 0 0 0 0 0 0 X 11 11 0 0 0 0 1 0 0 1 0 0 0 1 1 1 1 1 1 1 1 0 MN X LISA ISERMAN 9524737361 2240 NORTH SHORE DRIVE WAYZATA MN 55391 JIM SCHWERT CHAIR 3.00 X X 0 0 0 GARY LASCHE TREASURER/SECRETARY 3.00 X X 0 0 0 KEN ROWE VICE CHAIR 3.00 X X 0 0 0 SUSAN ADELMAN BOARD SECRETARY 3.00 X X 0 0 0 JOAN SUKO MEMBER 2.00 X 0 0 0 LORI BAUER MEMBER 2.00 X 0 0 0 LAURA BERNSTEIN MEMBER 2.00 X 0 0 0 JACKIE PETERSON MEMBER 2.00 X 0 0 0 MARTHA MCLAUGHLIN MEMBER 2.00 X 0 0 0 BARBARA MCBURNEY MEMBER 2.00 X 0 0 0 CURT PAULSON MEMBER 2.00 X 0 0 0 ROXANNE L HEATON EXECUTIVE DIRECTOR 40.00 X 138306 0 19864 138306 0 19864 1 0 1 0 0 54038 76351 363874 21650 494263 PROGRAM FEES 611600 986860 986860 986860 7449 7449 MISCELLANEOUS REVENUE 900099 10955 10955 10955 1499527 986860 0 18404 3321 3321 192284 52208 101566 38510 423964 403784 20180 29304 25829 1996 1479 47682 35923 7438 4321 51680 46566 1299 3815 22050 22050 7467 7467 44096 34216 8377 1503 140382 115113 12275 12994 43561 22475 13915 7171 238308 178731 54811 4766 103038 77039 23879 2120 53896 39033 12925 1938 COMMISSIONS 89798 89798 PROGRAM MATERIALS (IN-K 21650 21650 MEMBERSHIPS 6853 6853 MISC EXPENSE 1090 142 744 204 1520424 1145828 275595 99001 315959 399869 19558 56231 29469 3818 3918 738 5012 5492 32683 13935 7128485 3258320 3911336 3870165 272928 255166 4590863 4605414 65731 72241 147382 155060 213113 227301 X 4068276 4086297 309474 291816 4377750 4378113 4590863 4605414 -20897 21260 0 X X 0 1 X 1 0 X 543729 489437 310516 361772 494263 2199717 44601 592384 758348 919320 986860 3301513 -2842 -2842 588330 1081821 1068864 1278250 1481123 5498388 14297 11415 14047 14570 6030 60359 74575 70500 79303 155910 115032 495320 88872 81915 93350 170480 121062 555679 4942709 7259 6235 4856 14806 7449 40605 7259 6235 4856 14806 7449 40605 1928 6765 7579 10509 10955 37736 597517 1094821 1081299 1303565 1499527 5576729 0.88630 0.88200 0.00730 0.00740 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED X X 0 202504 20184 -3321 219367 181989 21066 -551 202504 168150 200 14542 -903 181989 192731 455 -23335 -1701 168150 158632 3430 33942 3275 192731 0.51631 0.48369 0 0 27000 27000 6457469 2678004 3779465 612266 580316 31950 31750 31750 3870165 X 1492078 21260 21260 1470818 28709 28709 1499527 1520424 0 1520424 0 1520424 PART III, LINE 4: WE HAVE TWO ONSITE SCULPTURES, WHICH WERE INSTALLED IN MEMORY OF A CONSTITUENT AND DEMONSTRATE THE ORGANIZATION'S ART MISSION. PART V, LINE 4: THE ORGANIZATION'S INVESTMENT POLICY HAS THE OBJECTIVE TO PRESERVE THE PRINCIPAL AND LIQUIDITY OF THE RESERVE FUNDS WITH GROWTH AS A SECONDARY OBJECTIVE. THE ORGANIZATION'S BOARD OF DIRECTORS DETERMINES PERIODICALLY, BASED ON FUNDS AVAILABLE AND THE NEEDS OF THE ORGANIZATION HOW MUCH, IF ANY AMOUNT SHOULD BE EXPENDED FROM RESERVE FUNDS. PART X, LINE 2: THE ORGANIZATION IS EXEMPT FROM FEDERAL AND STATE INCOME TAXES UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE. IT HAS BEEN CLASSIFIED AS AN ORGANIZATION THAT IS NOT A PRIVATE FOUNDATION OF THE INTERNAL REVENUE CODE AND CONTRIBUTIONS TO THE ORGANIZATION QUALIFY AS A CHARITABLE CONTRIBUTION DEDUCTION FOR DONORS. MINNETONKA CENTER FOR THE ARTS FOLLOWS THE INCOME TAX STANDARD REGARDING THE RECOGNITION AND MEASUREMENT OF UNCERTAIN TAX POSITIONS. MINNETONKA CENTER FOR THE ARTS TAX RETURNS ARE SUBJECT TO REVIEW BY FEDERAL AND STATE AUTHORITIES. MINNETONKA CENTER FOR THE ARTS IS NOT AWARE OF ANY ACTIVITIES THAT WOULD JEOPARDIZE ITS TAX-EXEMPT STATUS. PART XI, LINE 4B - OTHER ADJUSTMENTS: NON-OPERATING INVESTMENT INCOME 28,709. X 0 0 0 0 0 0 0 0 0 ROXANNE L HEATON EXECUTIVE DIRECTOR 138306 0 0 0 0 0 0 0 19864 0 158170 0 0 0 FORM 990, PART VI, SECTION A, LINE 6 THE ORGANIZATION'S MEMBERSHIP CONSISTS OF THOSE INDIVIDUALS INTERESTED IN THE PROMOTION, ENCOURAGEMENT, PRACTICE AND STUDY, APPRECIATION OR ENJOYMENT OF THE ARTS AND THAT ARE CURRENT WITH THE REQUIRED DUES. FORM 990, PART VI, SECTION A, LINE 8B STANDARD POLICY IS TO DOCUMENT COMMITTEE MEETINGS. THE EXECUTIVE COMMITTEE MAY NOT SPEAK OR ACT FOR THE BOARD EXCEPT WHEN FORMALLY GIVEN SUCH AUTHORITY BY THE BOARD FOR A SPECIFIC PURPOSE AND ARE TIME-LIMITED. FORM 990, PART VI, SECTION B, LINE 11B FINANCE STAFF AND MANAGEMENT REVIEW A DRAFT OF THE FORM 990. THE 990, ALONG WITH THE DRAFT AUDIT, IS PRESENTED TO THE FINANCE COMMITTEE AND THE BOARD BY THE INDEPENDENT AUDITORS FOR APPROVAL PRIOR TO FILING. THE AUDITOR PRESENTS HIGHLIGHTS, ASKS FOR QUESTIONS AND CLARIFIES AS NECESSARY. FORM 990, PART VI, SECTION B, LINE 12C THE ORGANIZATION'S CONFLICT OF INTEREST POLICY APPLIES TO BOARD MEMBERS AND THE EXECUTIVE DIRECTOR. ANNUAL DISCLOSURE IS REQUIRED TO THE EXECUTIVE DIRECTOR AND BOARD CHAIR, WHO SHALL DETERMINE WHETHER A CONFLICT EXISTS AND IS MATERIAL, AND, IF THE MATTERS ARE MATERIAL, BRING THEM TO THE ATTENTION OF THE BOARD. ANNUAL DISCLOSURE STATEMENTS ARE KEPT IN EMPLOYEE/BOARD RECORDS WITH THE EXECUTIVE DIRECTOR. THE BOARD SHALL DETERMINE IF A CONFLICT EXISTS AND IS MATERIAL. THE INTERESTED DIRECTOR MAY BE PRESENT FOR DISCUSSION TO ANSWER QUESTIONS, BUT MAY NOT ADVOCATE FOR THE ACTION TO BE TAKEN AND MUST LEAVE THE ROOM WHILE A VOTE IS TAKEN. THE MINUTES OF ALL ACTIONS TAKEN ON SUCH MATTERS SHALL CLEARLY REFLECT THAT THESE REQUIREMENTS HAVE BEEN MET. FORM 990, PART VI, SECTION B, LINE 15 RECOMMENDATIONS FOR SALARY INCREASES OR BONUSES FOR THE EXECUTIVE DIRECTOR COME FROM THE BOARD AND REQUIRE FULL BOARD APPROVAL. A SALARY ADJUSTMENT FORM IS COMPLETED AND APPROVED BY THE BOARD CHAIR. A COPY IS KEPT ON FILE WITH PAYROLL RECORDS OVERSEEN BY THE ACCOUNTANT AND THE ORIGINAL IS IN THE EXECUTIVE DIRECTOR'S PERSONNEL FILE. THIS PROCESS WAS MOST RECENTLY UNDERTAKEN IN 2024 FOR THE EXECUTIVE DIRECTOR, R. HEATON. A COMPENSATION REVIEW IS COMPLETED FOR ALL OTHER EMPLOYEES BY THE EXECUTIVE DIRECTOR EVERY TWO YEARS USING THE "MINNESOTA NONPROFIT SALARY AND BENEFIT SURVEY" WHICH IS PUBLISHED BIENNIALLY AS A REFERENCE. CHANGES TO COMPENSATION ARE DOCUMENTED WITH THE PAYROLL DEPARTMENT. THE PROCESS DESCRIBED HERE WAS LAST COMPLETED IN 2024. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION MAKES ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC UPON REQUEST. FORM 990, PART XII, LINE 2C: THIS PROCESS HAS NOT CHANGED SINCE LAST YEAR.