Civic Intelligence

John R Vanderlip Trust UW 5006 Nect

990 • Fiscal year 2017 • EIN 41-6015288

Jan 01, 2017 to Dec 31, 2017 • Filed on May 08, 2018

Organization ProfileN/A
PO Box 0634Milwaukee, WI 53201-0634

(651) 466-8710

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

9th percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

2017 filings • $25M-$50M nonprofits • Source year 2017

Liabilities / Revenue

9th percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

2017 filings • $25M-$50M nonprofits • Source year 2017

Net Margin

10th percentile

-21%

Higher net margin than 10% of similar nonprofits.

2017 filings • $25M-$50M nonprofits • Source year 2017

Top Officer Pay

31st percentile

$137,465

Higher top officer pay than 31% of similar nonprofits.

Top officer pay equals 7.3% of source-year revenue.

2017 filings • $25M-$50M nonprofits • Source year 2017

Asset Growth

23rd percentile

-1.1%

Faster asset growth than 23% of similar nonprofits.

2017 filings • $25M-$50M nonprofits • Annualized from 2016 to 2017

Revenue Growth

91st percentile

97%

Faster revenue growth than 91% of similar nonprofits.

2017 filings • $25M-$50M nonprofits • Annualized from 2016 to 2017

Balance Sheet
Liabilities / Assets9th percentile

Assets

Down

$35,247,765

Down $391,010 (-1.1%) from 2016

Net Assets

Down

$35,247,765

Down $391,010 (-1.1%) from 2016

Liabilities

Flat

$0

Flat from 2016

Revenue And Expenses
Liabilities / Revenue9th percentileNet Margin10th percentile

Revenue

Up

$1,877,224

Up $924,417 (+97%) from 2016

Expenses

Down

$2,268,245

Down $11,765 (-0.5%) from 2016

Net Income

Up

-$391,021

Up $936,182 (+71%) from 2016

Historical Trend

Balance Sheet Trend

Asset Growth23rd percentile

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$40M$30M$20M$10M$0Assets 2010: $34,588,697Liabilities 2010: $0Net Assets 2010: $34,588,6972010Assets 2012: $37,060,816Liabilities 2012: $0Net Assets 2012: $37,060,8162012Assets 2013: $36,506,024Liabilities 2013: $0Net Assets 2013: $36,506,0242013Assets 2016: $35,638,775Liabilities 2016: $0Net Assets 2016: $35,638,7752016Assets 2017: $35,247,765Liabilities 2017: $0Net Assets 2017: $35,247,7652017Assets 2018: $36,267,941Liabilities 2018: $0Net Assets 2018: $36,267,9412018Assets 2019: $35,500,020Liabilities 2019: $0Net Assets 2019: $35,500,0202019Assets 2020: $34,160,637Liabilities 2020: $0Net Assets 2020: $34,160,6372020Assets 2021: $35,603,983Liabilities 2021: $0Net Assets 2021: $35,603,9832021Assets 2022: $35,543,168Liabilities 2022: $0Net Assets 2022: $35,543,1682022Assets 2023: $36,131,921Liabilities 2023: $0Net Assets 2023: $36,131,9212023Assets 2024: $39,360,887Liabilities 2024: $0Net Assets 2024: $39,360,8872024

Highlighted filing

2017

Assets$35,247,765
Liabilities$0
Net Assets$35,247,765
Open 2017 Filing

Operations Trend

Revenue Growth91st percentile

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$6.0M$4.0M$2.0M$0-$2.0MExpenses 2010: $2,226,9332010Expenses 2012: $2,096,8052012Revenue 2013: $1,605,702Expenses 2013: $2,160,470Net Income 2013: -$554,7682013Revenue 2016: $952,807Expenses 2016: $2,280,010Net Income 2016: -$1,327,2032016Revenue 2017: $1,877,224Expenses 2017: $2,268,245Net Income 2017: -$391,0212017Revenue 2018: $3,529,758Expenses 2018: $2,279,400Net Income 2018: $1,250,3582018Revenue 2019: $1,504,190Expenses 2019: $2,297,052Net Income 2019: -$792,8622019Revenue 2020: $859,559Expenses 2020: $2,311,839Net Income 2020: -$1,452,2802020Revenue 2021: $4,156,554Expenses 2021: $2,393,068Net Income 2021: $1,763,4862021Revenue 2022: $2,300,161Expenses 2022: $2,516,464Net Income 2022: -$216,3032022Revenue 2023: $3,201,488Expenses 2023: $2,562,871Net Income 2023: $638,6172023Revenue 2024: $5,643,619Expenses 2024: $2,607,328Net Income 2024: $3,036,2912024

Highlighted filing

2017

Revenue$1,877,224
Expenses$2,268,245
Net Income-$391,021
Open 2017 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2017 to Dec 31, 2017
Signed
May 8, 2018
Return Version
2017v2.2
Gross Receipts
$2,447,021
Mission and Program Overview

Mission

To provide funds to the minneapolis institute of arts for the acquisition of new objects of art for the permanent collection

Balance Sheet Detail
LineBeginningEndChange
Assets
Rtn Earn Endowment Incm Other Fnds$35,638,775$35,247,765▼ $391,010
Investments in Publicly Traded Securities$34,911,123$34,222,273▼ $688,850
Savings and Temporary Cash Investments$681,158$1,015,400▲ $334,242
Accounts Receivable$46,494$10,092▼ $36,402
Total Assets$35,638,775$35,247,765▼ $391,010
Liabilities
Total Liabilities$0$0→ $0
Net Assets / Fund Balance
Total Net Assets Fund Balance$35,638,775$35,247,765▼ $391,010
Total Liabilities and Net Assets / Fund Balance$35,638,775$35,247,765▼ $391,010
Compensation and Service Providers
Top Officer Pay31st percentile

Employees

NameTitleBaseTotal
US Bank National AssociationTrustee$137,465$137,465

Board Members and Trustees

NameTitle
Minneapolis Institute of ArtsTrustee
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$0
Investment Income
$1,852,126
Other Revenue
$25,098
Change in Net Assets
$-391,021
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$2,110,465
Salaries, Compensation, and Employee Benefits$137,465
Other Expenses$20,315
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Orgs$2,110,465--$2,110,465
Current Officers, Directors, Trustees, and Key Employees$27,493$109,972-$137,465
Fees for Services Accounting$1,500--$1,500
Other Expenses$25$402-$25
Total Functional Expenses$2,139,483$128,762$0$2,268,245
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
Minneapolis Institute of ArtsMinneapolis, MN501(c)3Acquisition of New Objects of Art for the Permanent Collection$2,110,465
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
Yes
Other officer compensation reviewed
No
Conflict-of-interest policy
No
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

EXPLANATION FOR FORM 990, PAGE 6, PART VI, LINE 1A

“There are no material differences of voting rights”

Form 990, Page 6, Part VI, Line 11-description of Process for Review

“No review was or will be conducted”

FORM 990, PAGE 6, PART VI, LINE 15A

“Trustee fee is determined in accordance with standard fee sheet which is competitive within the industry”

Form 990, Page 6, Part VI, Line 19

“Trustee will make documents available upon request”

Form 990, Page 7, Part VII, Section A

“2”

Filing and Contact Details

Filer

Filer Name
John R Van Derlip Tr Uw
EIN
41-6015288
Phone
6514668710
Address
PO BOX 0634, MILWAUKEE, WI 53201-0634

Signing Officer

Name
U S Bank N a by
Title
Trustee
Phone
6514668710
Signed
2018-05-08
Discuss with paid preparer
Yes

Organization Details

Formed
1935
Legal Domicile
Mn
Voting Board Members
2
Independent Board Members
1
Employees
0

Preparer

Firm
Pricewaterhousecoopers Llp
Address
600 GRANT STREET, PITTSBURGH, PA 15219
Preparer
Joseph J Castriano
Phone
4123556000
Supplemental Narrative

Additional Explanations

Explanation for Form 990, Part XI, Line 9

“ROUNDING”

Raw XML AppendixShowing 400 of 421 raw XML fields

This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

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IRS990ScheduleA/Form990ScheduleAPartVIGrp/ExplanationTxt0THE TRUSTEE (U.S. BANK) IS REQUIRED TO HAVE A MEMBER SIT ON THE BOARD FOR THE MINNEAPOLIS INSTUTE OF ARTS WHICH ALLOWS THEM TO HAVE SIGNIFICANT VOICE INTO INVESTMENT DECISIONS AND PROVIDE OVERSIGHT INTO DIFFERENT PROGRAMS THAT ARE FUNDED BY THE MINNEAPOLIS INSTUTE OF FINE ARTS.
IRS990ScheduleA/Form990ScheduleAPartVIGrp/ExplanationTxt1THIS TRUST WAS CREATED ON JUNE 19,1934 AND HAS BEEN DEDICATED TO PROVIDING SUPPORT TO THE MINNEAPOLIS INSTUTE OF ARTS. THERE HAS BEEN NO ADDITIONAL FUNDING TO THE TRUST SINCE NOVEMBER 11,1970 AND IT HAS BEEN REQUIRED TO PAY OUT THE ENTIRE NET INCOME TO ITS CHARITABLE ORGANIZATIONS. IN ADDITION THE TRUSTEE CAN NOT CHANGE, BY THEIR OWN DISCRETION, THE
IRS990ScheduleA/Form990ScheduleAPartVIGrp/ExplanationTxt2CHARITABLE BENEFICIARIES ON THE ACCOUNT OR THE AMOUNT THAT THEY RECEIVE AND THE TRUSTEE IS NOT A DISQUALIFIED PERSON WITH RESPECT TO THE TRUST.
IRS990ScheduleA/Form990ScheduleAPartVIGrp/FormAndLineReferenceDesc0PART IV SECTION D QUESTION 3
IRS990ScheduleA/Form990ScheduleAPartVIGrp/FormAndLineReferenceDesc1PART V SECTION D LINE 8
IRS990ScheduleA/Form990ScheduleAPartVIGrp/FormAndLineReferenceDesc2PART V SECTION D LINE 8 CONT.
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IRS990ScheduleA/MinimumAssetAmountGrp/DiscountClaimedAmt00
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IRS990ScheduleA/MinimumAssetAmountGrp/RecoveriesPYDistriMinAssetGrp/PriorYearAmt00
IRS990ScheduleA/MinimumAssetAmountGrp/TotalFMVOfNonExemptUseAssetGrp/CurrentYearAmt043798608
IRS990ScheduleA/MinimumAssetAmountGrp/TotalFMVOfNonExemptUseAssetGrp/PriorYearAmt040900480
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IRS990ScheduleA/OtherSupportSumAmt00
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IRS990ScheduleA/SupportedOrganizationsTotalCnt01
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IRS990ScheduleA/SupportedOrgInformationGrp/SupportAmt02110465
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IRS990ScheduleA/SupportingOrganization509a3Ind0X
IRS990ScheduleA/SupportingOrgType3NonFuncInd0X
IRS990ScheduleA/SupportSumAmt02110465
IRS990/ScheduleBRequiredInd0false
IRS990ScheduleI/GrantRecordsMaintainedInd0true
IRS990ScheduleI/RecipientTable/CashGrantAmt02110465
IRS990ScheduleI/RecipientTable/IRCSectionDesc0501(c)3
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt0ACQUISITION OF NEW OBJECTS OF ART FOR THE PERMANENT COLLECTION
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt0MINNEAPOLIS INSTITUTE OF ARTS
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IRS990ScheduleI/RecipientTable/USAddress/AddressLine1Txt02400 3RD AVE SOUTH
IRS990ScheduleI/RecipientTable/USAddress/CityNm0MINNEAPOLIS
IRS990ScheduleI/RecipientTable/USAddress/StateAbbreviationCd0MN
IRS990ScheduleI/RecipientTable/USAddress/ZIPCd0554043506
IRS990ScheduleI/RecipientTable/ValuationMethodUsedDesc0Book Value
IRS990ScheduleI/SupplementalInformationDetail/ExplanationTxt0DISTRIBUTIONS ARE REGULARLY REVIEWED TO BE SURE THAT FUNDS ARE USED FOR THE PURPOSES EXPRESSED IN THE GOVERNING DOCUMENT
IRS990ScheduleI/SupplementalInformationDetail/FormAndLineReferenceDesc0EXPLANATION FOR FORM 990, SCHEDULE I, PART 1, LINE 2
IRS990ScheduleI/Total501c3OrgCnt01
IRS990/ScheduleJRequiredInd0false
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THERE ARE NO MATERIAL DIFFERENCES OF VOTING RIGHTS
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1NO REVIEW WAS OR WILL BE CONDUCTED
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2TRUSTEE FEE IS DETERMINED IN ACCORDANCE WITH STANDARD FEE SHEET WHICH IS COMPETITIVE WITHIN THE INDUSTRY
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3TRUSTEE WILL MAKE DOCUMENTS AVAILABLE UPON REQUEST
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt42
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5ROUNDING
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0EXPLANATION FOR FORM 990, PAGE 6, PART VI, LINE 1a
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PAGE 6, PART VI, LINE 11-DESCRIPTION OF PROCESS FOR REVIEW
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PAGE 6, PART VI, LINE 15a
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PAGE 6, PART VI, LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PAGE 7, PART VII, SECTION A
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5EXPLANATION FOR FORM 990, PART XI, LINE 9
IRS990ScheduleR/AssetExchangeInd0false
IRS990ScheduleR/AssetPurchaseFromOtherOrgInd0false
IRS990ScheduleR/AssetSaleToOtherOrgInd0false
IRS990ScheduleR/GiftGrntCapContriFromOthOrgInd0false
IRS990ScheduleR/GiftGrntOrCapContriToOthOrgInd0true
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ControlledOrganizationInd0false
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DirectControllingNACd0N/A
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine1Txt0MINNEAPOLIS INSTITUTE OF ARTS
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/EIN0410693915
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ExemptCodeSectionTxt0501(c)3
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/LegalDomicileStateCd0MN
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PrimaryActivitiesTxt0ARTS
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PublicCharityStatusTxt09
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/AddressLine1Txt02400 3RD AVE SOUTH
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/CityNm0MINNEAPOLIS
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/StateAbbreviationCd0MN
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/ZIPCd0554043506
IRS990ScheduleR/LoansOrGuaranteesFromOthOrgInd0false
IRS990ScheduleR/LoansOrGuaranteesToOtherOrgInd0false
IRS990ScheduleR/PaidEmployeesSharingInd0false
IRS990ScheduleR/PerformOfServicesByOtherOrgInd0false
IRS990ScheduleR/PerformOfServicesForOthOrgInd0false
IRS990ScheduleR/ReceiptOfIntAnntsRntsRyltsInd0false
IRS990ScheduleR/ReimbursementPaidByOtherOrgInd0false
IRS990ScheduleR/ReimbursementPaidToOtherOrgInd0false
IRS990ScheduleR/RentalOfFacilitiesToOthOrgInd0false
IRS990ScheduleR/RentalOfFcltsFromOthOrgInd0false
IRS990ScheduleR/SharingOfFacilitiesInd0false
IRS990ScheduleR/TransactionsRelatedOrgGrp/InvolvedAmt02110465
IRS990ScheduleR/TransactionsRelatedOrgGrp/MethodOfAmountDeterminationTxt0CASH
IRS990ScheduleR/TransactionsRelatedOrgGrp/OtherOrganizationName/BusinessNameLine1Txt0MINNEAPOLIS INSTITUTE OF ARTS
IRS990ScheduleR/TransactionsRelatedOrgGrp/TransactionTypeTxt0b
IRS990ScheduleR/TransferFromOtherOrgInd0false
IRS990ScheduleR/TransferToOtherOrgInd0false
IRS990ScheduleR/UnrelatedOrgTxblPartnershipGrp/BusinessName/BusinessNameLine1Txt0CASCADE COMPANY LIMITED PARTNERSHIP
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IRS990/TerminateOperationsInd0false
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IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt02139483
IRS990/TotalFunctionalExpensesGrp/TotalAmt02268245
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt00
IRS990/TotalLiabilitiesEOYAmt00
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IRS990/TotalLiabilitiesGrp/EOYAmt00
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IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt035247765
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IRS990/TotalRevenueGrp/TotalRevenueColumnAmt01877224
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IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt035247765
IRS990/TotReportableCompRltdOrgAmt00
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IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/UponRequestInd0X
IRS990/VotingMembersGoverningBodyCnt02
IRS990/VotingMembersIndependentCnt01
IRS990/WebsiteAddressTxt0N/A
IRS990/WhistleblowerPolicyInd0false
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Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2017 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$35,247,765
Liabilities
$0
Net assets
$35,247,765
Revenue
$1,877,224
Expenses
$2,268,245
Net income
-$391,021
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$39.4$0.00$39.4$5.64$2.61$3.04
2023XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$36.1$0.00$36.1$3.20$2.56$0.64
2022Facts available. Structured filing facts are available, but richer extracted sections are limited.$35.5$0.00$35.5$2.30$2.52$0.22
2021XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$35.6$0.00$35.6$4.16$2.39$1.76
2020XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$34.2$0.00$34.2$0.86$2.31$1.45
2019XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$35.5$0.00$35.5$1.50$2.30$0.79
2018XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$36.3$0.00$36.3$3.53$2.28$1.25
2017Detailed filing. Detailed filing data is available for this year.$35.2$0.00$35.2$1.88$2.27$0.39
2016XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$35.6$0.00$35.6$0.95$2.28$1.33
2013Detailed filing. Detailed filing data is available for this year.$36.5$0.00$36.5$1.61$2.16$0.55
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$37.1$0.00$37.1$2.10
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$34.6$0.00$34.6$2.23