Minnetrista Cultural Foundationinc

“Minnetrista's articles of incorporation provide for 13 supported organizations within our 7-county primary service area. Each of the supported organizations appoints a trustee to serve on minnetrista's board of trustees, and these appointed trustees make up a majority of the board. Supported organizations include 7 community foundations, 3 universities, 1 chamber of commerce, 1 community school corporation, and 1 not-for-profit children's museum.”

“Irs form 990 was prepared with significant input from the museum's leadership team, consisting of division/department heads. The final document was prepared by the museum's auditing firm, the treasurer, and the president & ceo. The forms 990 and 990-t were emailed to the finance & investment committee, which had overarching review of the entire forms 990 and 990-t. After committee review, the entire document was made available to every trustee prior to filing.”

“All trustees, officers, key employees, and members of committees with board-designated powers are required to complete a conflict of interest statement at the beginning of the fiscal year or at the beginning of their service and annually thereafter. Individuals are provided with a list of key companies with which the museum regularly conducts business, including financial, accounting, and legal services. Disclosure statements are reviewed by the executive committee. If a potential conflict is identified at the time of filing or anytime thereafter, there is a discussion with the interested person to obtain all material facts. If required, a non-interested person or committee will be appointed to investigate the potential conflict. The interested person is asked to leave the meeting during final discussions by the board or relevant committee and is not permitted to vote on the final outcome, including determination that the transaction or arrangement is in the best interest of minnetrista. Any interested person who violates the conflict of interest policy shall be subject to appropriate discipline, including removal from office. The minutes of all board and committee meetings shall include: (1) the names of persons who disclose financial interests, the nature of the financial interests and whether the board or committee determined that there was a conflict of interest; (2) the names of the persons who were present for discussions and votes relating to the transactions or arrangement; the content of these discussions, including any alternatives to the proposed transaction or arrangement; and a record of the vote.”

“The compensation of the president & ceo was established by the executive committee of the board of trustees in consultation with an executive search firm and benchmarked against the same references as for all paid staff. An annual review is conducted by the board chair; merit increases are awarded within the same parameters as described for all paid staff.”

“All paid positions at minnetrista are evaluated using written job descriptions. Salary ranges are benchmarked against the most recent biennial wage and salary survey published by the american alliance of museums. This publication categorizes benchmarks by: geographic region, museum type (art, history, science, etc.), and budget size of the institutions. Raises of 0% to 3% may be awarded.”

“All governing documents, policy documents, and financial statements are available for public inspection upon written request to the treasurer, staff accountant, or the president & ceo. In addition, an annual report that includes the audited statement of financial position is mailed to all staff members and donors. The irs forms 990 and 990-t are also provided to candid for online posting.”

“(continued) majestic mountains at bob ross experience; open space: art about the land; and imagine in glass. The minnetrista heritage collection includes artifacts, art, and archival material that document the people, places, organizations, events, and businesses and industries of east central indiana. A major component of the collection is ball family material and ball corporation business records. Several acquisitions were received in 2024. They included materials and objects that document the ball family, ball corporation, and local history. The minnetrista heritage collection, both on-site and on- line, is also a destination for researchers. In 2024, there were more than 164 remote and in-person research requests and appointments. By the end of 2024, there were more than 8,295 objects online, 6,278 photograph collections, and over 2,559 archival records from the minnetrista heritage collection on-line. Thousands of additional records were available onsite to researchers through our collections management system. There were thousands of searches of the on-line collection in 2024.”

“Other program services: the breakdown of the remaining 569,472 in program expenses is as follows: 465,277 depreciation expense; 86,265 it expense; 17,930 advertising.”

“Retail shop & rental operating expenses moved to cogs 609,937 retail shop & rental operating expenses moved to cogs -609,937”