Civic Intelligence

The Museum of Russian Art

EIN 75-3044344 • 501(c)3 • Minneapolis, MN

View Organization Page

Profile

Education, enlightenment, and engagement through the art of russia.

5500 Stevens AvenueMinneapolis, MN 55419

www.tmora.org

Siviq Scores

Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.

Liabilities / Assets

32nd percentile

0.04x

Higher debt load relative to assets than 32% of similar nonprofits.

501(c)3 • $5M-$10M nonprofits • Source year 2024

Liabilities / Revenue

52nd percentile

0.17x

Higher debt load relative to revenue than 52% of similar nonprofits.

501(c)3 • $5M-$10M nonprofits • Source year 2024

Net Margin

31st percentile

-2.4%

Higher net margin than 31% of similar nonprofits.

501(c)3 • $5M-$10M nonprofits • Source year 2024

Top Officer Pay

59th percentile

$152,454

Higher top officer pay than 59% of similar nonprofits.

Top officer pay equals 8.5% of source-year revenue.

501(c)3 • $5M-$10M nonprofits • Source year 2024

Asset Growth

28th percentile

-2.1%

Faster asset growth than 28% of similar nonprofits.

501(c)3 • $5M-$10M nonprofits • Annualized from 2023 to 2024

Revenue Growth

46th percentile

5.0%

Faster revenue growth than 46% of similar nonprofits.

501(c)3 • $5M-$10M nonprofits • Annualized from 2023 to 2024

Balance Sheet
Liabilities / Assets32nd percentile

Assets

Down

$8,443,070

Down $183,033 (-2.1%) from 2023

Liabilities

Down

$306,831

Down $140,628 (-31%) from 2023

Net Assets

Down

$8,136,239

Down $42,405 (-0.5%) from 2023

Operations
Liabilities / Revenue52nd percentileNet Margin31st percentile

Revenue

Up

$1,801,280

Up $85,729 (+5.0%) from 2023

Expenses

Up

$1,843,685

Up $216,639 (+13%) from 2023

Net Income

Down

-$42,405

Down $130,910 (-148%) from 2023

Trend Graphs

Balance Sheet Trend

Asset Growth28th percentile

Grouped bars show assets, liabilities, and net assets across loaded filings.

$20M$15M$10M$5.0M$0Assets 2010: $14,112,745Liabilities 2010: $2,716,300Net Assets 2010: $11,396,4452010Assets 2011: $12,316,430Liabilities 2011: $1,846,924Net Assets 2011: $10,469,5062011Assets 2012: $11,748,022Liabilities 2012: $1,792,232Net Assets 2012: $9,955,7902012Assets 2013: $11,352,094Liabilities 2013: $1,808,360Net Assets 2013: $9,543,7342013Assets 2014: $12,272,103Liabilities 2014: $1,715,081Net Assets 2014: $10,557,0222014Assets 2015: $15,538,045Liabilities 2015: $1,622,105Net Assets 2015: $13,915,9402015Assets 2016: $15,757,859Liabilities 2016: $1,553,270Net Assets 2016: $14,204,5892016Assets 2017: $16,198,233Liabilities 2017: $1,481,696Net Assets 2017: $14,716,5372017Assets 2018: $4,877,720Liabilities 2018: $1,458,331Net Assets 2018: $3,419,3892018Assets 2019: $4,796,655Liabilities 2019: $1,526,507Net Assets 2019: $3,270,1482019Assets 2020: $5,847,264Liabilities 2020: $1,604,555Net Assets 2020: $4,242,7092020Assets 2021: $4,775,253Liabilities 2021: $234,879Net Assets 2021: $4,540,3742021Assets 2022: $8,388,556Liabilities 2022: $298,417Net Assets 2022: $8,090,1392022Assets 2023: $8,626,103Liabilities 2023: $447,459Net Assets 2023: $8,178,6442023Assets 2024: $8,443,070Liabilities 2024: $306,831Net Assets 2024: $8,136,2392024

Highlighted filing

2024

Assets$8,443,070
Liabilities$306,831
Net Assets$8,136,239
Open 2024 Filing

Operations Trend

Revenue Growth46th percentile

Revenue, expenses, and net income by year, with the latest filing highlighted.

$6.0M$4.0M$2.0M$0-$2.0MExpenses 2010: $1,304,0322010Revenue 2011: $498,448Expenses 2011: $1,425,387Net Income 2011: -$926,9392011Expenses 2012: $1,217,5672012Revenue 2013: $774,838Expenses 2013: $1,186,894Net Income 2013: -$412,0562013Revenue 2014: $2,154,332Expenses 2014: $1,141,044Net Income 2014: $1,013,2882014Revenue 2015: $4,792,096Expenses 2015: $1,433,178Net Income 2015: $3,358,9182015Revenue 2016: $1,620,909Expenses 2016: $1,332,260Net Income 2016: $288,6492016Revenue 2017: $1,820,658Expenses 2017: $1,308,710Net Income 2017: $511,9482017Revenue 2018: $982,775Expenses 2018: $1,200,228Net Income 2018: -$217,4532018Revenue 2019: $1,025,852Expenses 2019: $1,175,093Net Income 2019: -$149,2412019Revenue 2020: $2,095,024Expenses 2020: $1,122,463Net Income 2020: $972,5612020Revenue 2021: $1,591,928Expenses 2021: $1,294,263Net Income 2021: $297,6652021Revenue 2022: $4,982,078Expenses 2022: $1,432,313Net Income 2022: $3,549,7652022Revenue 2023: $1,715,551Expenses 2023: $1,627,046Net Income 2023: $88,5052023Revenue 2024: $1,801,280Expenses 2024: $1,843,685Net Income 2024: -$42,4052024

Highlighted filing

2024

Revenue$1,801,280
Expenses$1,843,685
Net Income-$42,405
Open 2024 Filing

Filings

Most recent year

2024 • Form 990Facts available. Structured filing facts are available, but richer extracted sections are limited.

Open filing
Assets
$8,443,070
Liabilities
$306,831
Net assets
$8,136,239
Revenue
$1,801,280
Expenses
$1,843,685
Net income
-$42,405
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Facts available. Structured filing facts are available, but richer extracted sections are limited.$8.44$0.31$8.14$1.80$1.84$0.04
2023Detailed filing. Detailed filing data is available for this year.$8.63$0.45$8.18$1.72$1.63$0.09
2022Detailed filing. Detailed filing data is available for this year.$8.39$0.30$8.09$4.98$1.43$3.55
2021Detailed filing. Detailed filing data is available for this year.$4.78$0.23$4.54$1.59$1.29$0.30
2020Detailed filing. Detailed filing data is available for this year.$5.85$1.60$4.24$2.10$1.12$0.97
2019Detailed filing. Detailed filing data is available for this year.$4.80$1.53$3.27$1.03$1.18$0.15
2018Detailed filing. Detailed filing data is available for this year.$4.88$1.46$3.42$0.98$1.20$0.22
2017Detailed filing. Detailed filing data is available for this year.$16.2$1.48$14.7$1.82$1.31$0.51
2016Detailed filing. Detailed filing data is available for this year.$15.8$1.55$14.2$1.62$1.33$0.29
2015Detailed filing. Detailed filing data is available for this year.$15.5$1.62$13.9$4.79$1.43$3.36
2014Detailed filing. Detailed filing data is available for this year.$12.3$1.72$10.6$2.15$1.14$1.01
2013Detailed filing. Detailed filing data is available for this year.$11.4$1.81$9.54$0.77$1.19$0.41
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$11.7$1.79$9.96$1.22
2011Summary only. Only limited summary data is available for this year.$12.3$1.85$10.5$0.50$1.43$0.93
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$14.1$2.72$11.4$1.30
Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jan 1, 2024 to Dec 31, 2024
Signed
Sep 11, 2025
Return Version
2024v5.2
Gross Receipts
$1,979,017
Mission and Program Overview

Mission

Educate, enlighten and engage people through the celebration of the arts of Russia

The museum of russian art collects, preserves, exhibits, and illuminates the rich artistic tapestry of russia, past and present, through outstanding exhibitions and public programs for all audiences.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$7,364,508$7,199,842▼ $164,666
Investments in Publicly Traded Securities$518,186$537,864▲ $19,678
Savings and Temporary Cash Investments$457,608$350,725▼ $106,883
Cash and Non-Interest-Bearing Accounts$154,320$166,109▲ $11,789
Pledges and Grants Receivable$51,385$87,361▲ $35,976
Prepaid Expenses and Deferred Charges$39,652$61,357▲ $21,705
Inventories for Sale or Use$37,021$36,230▼ $791
Accounts Receivable$3,423$3,582▲ $159
Total Assets$8,626,103$8,443,070▼ $183,033
Liabilities
Unsecured Notes Loans Payable$150,000$150,000→ $0
Accounts Payable and Accrued Expenses$255,479$107,951▼ $147,528
Deferred Revenue$41,980$48,880▲ $6,900
Total Liabilities$447,459$306,831▼ $140,628
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$7,630,951$7,568,761▼ $62,190
Net Assets With Donor Restrictions$547,693$567,478▲ $19,785
Total Net Assets Fund Balance$8,178,644$8,136,239▼ $42,405
Total Liabilities and Net Assets / Fund Balance$8,626,103$8,443,070▼ $183,033

Asset Categories

AssetBook ValueDepreciationBasis
Leasehold Improvements$6,102,668$2,853,722$8,956,390
Buildings$711,980$792,679$1,504,659
Land$537,061-$537,061
Equipment$-172,855$389,913$217,058
Other Land Buildings$20,988$1,184$22,172

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2024$500,000-▲ $3,000-$503,000
2023-$500,000--$500,000
Compensation and Service Providers
Top Officer Pay59th percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
Mark MeisterPresidentFT$151,971$483$152,454
Michelle MasseyDirector of Public Programs & MarketingFT$100,975$5,847$106,822

Board Members and Trustees

NameTitle
Chuck RitchieChair
Steve MaurerVice Chair
Briana ClarkTrustee
C Ben WrightTrustee
Firou MostashariTrustee
Gwenn DjupedalTrustee
James MillerTrustee
Jan Del CalzoTrustee
Kelley LindquistTrustee
Linda SheltonTrustee
Liz PetrangeloTrustee
Ludmila Borisnova EklundTrustee
Marlena MylesTrustee
Norlin BoyumTrustee
Per HongTrustee
Roma Calayatud-stocksTrustee
Sean KalafutTrustee
Kathy BrackenSecretary
Mark DowneyTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$1,108,610
Program Service Revenue
$264,762
Investment Income
$36,249
Other Revenue
$391,659
All Other Contributions
$891,557
Change in Net Assets
$-42,405

Noncash Contribution Practices

Property subject to holding requirements
No
Reviewed unusual noncash gifts
No
Third parties used for noncash contributions
No

Noncash Contributions

Contribution TypeContribution CountReported AmountValuation Method
Works of Art6$166,544Fair Market Value
Total Noncash Contributions6$166,544-

Audited Revenue Reconciliation

Revenue per Audited Statements
$1,801,280
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$0
Total Revenue per Audited Statements
$1,801,280
Total Revenue per Form 990
$1,801,280
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$942,251
Salaries, Compensation, and Employee Benefits$901,434
Total Fundraising Expense$251,810
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$396,620$53,705$89,387$539,712
Depreciation Depletion$252,838$5,413$37,968$296,219
Current Officers, Directors, Trustees, and Key Employees$185,883$25,170$41,893$252,946
Fees for Services Other$60,536$13,238$7,637$81,411
Payroll Taxes$45,373$6,144$10,226$61,743
Insurance$52,425$665$4,663$57,753
Other Employee Benefits$34,563$4,681$7,789$47,033
All Other Expenses$23,912$2,634$7,643$34,189
Information Technology$21,982$2,314$3,870$28,166
Other Expenses$18,386$1,935$3,237$23,558
Office Expenses$16,561$998$1,671$19,230
Occupancy$9,228$87$1,920$11,235
Interest$3,388$32$705$4,125
Total Functional Expenses$1,470,797$121,078$251,810$1,843,685

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$1,843,685
Total Expenses per Audited Statements$1,843,685
Total Expenses per Form 990$1,843,685
Expenses Not Reported on Financial Statements$0
Expenses Not Reported on Form 990$0
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Gross Income$135,886
Fundraising Direct Expenses$104,796
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
Annual disclosure for covered persons
Yes
Audit committee
Yes
Backup withholding compliance
Yes
Business relationship with 35% controlled entity
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
Yes
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section B, Line 11B

“Line 11b explanation - after receipt of the audit the governing board will review form 990.”

Form 990, Part VI, Section B, Line 12C

“Director provides full operational oversight to all internal & external transactions.”

Form 990, Part VI, Section B, Line 15

“Utilized comparable data from national association of american museum salary survey, reviewed local similar sized museums.”

Form 990, Part VI, Section C, Line 19

“HARD COPY UPON REQUEST.”

Filing and Contact Details

Filer

Filer Name
The Museum of Russian Art
EIN
75-3044344
Phone
6128219045
Address
5500 STEVENS AVENUE, MINNEAPOLIS, MN 55419

Signing Officer

Name
Mark J Meister
Title
Executive Director & President
Phone
6128219045
Signed
2025-09-11
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Mark J Meister
Formed
2002
Legal Domicile
Mn
Voting Board Members
19
Independent Board Members
19
Employees
17
Volunteers
75

Preparer

Firm
Carpenter Evert & Associates Ltd
Address
7760 FRANCE AVE S SUITE 940, BLOOMINGTON, MN 55435
Preparer
Neal Evert
Phone
9528310085
Supplemental Narrative

Financial Statement Notes

PART X, LINE 2:

“Income tax: the organization has a tax-exempt status under section 501(c)(3) of the internal revenue code and has adopted accounting for uncertainty in income taxes, asc 740-10. The organization's policy is to evaluate uncertain tax positions, at least annually, for the potential for income tax exposure from unrelated business income or from loss of nonprofit status. The organization continues to operate consistent with its original exemption application and each year takes the necessary actions to maintain its exempt status. It has been classified as an organization that is not a private foundation under the internal revenue code and charitable contributions by donors are tax deductible”

Raw XML AppendixShowing 400 of 615 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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IRS990/ActivityOrMissionDesc0THE MUSEUM OF RUSSIAN ART COLLECTS, PRESERVES, EXHIBITS, AND ILLUMINATES THE RICH ARTISTIC TAPESTRY OF RUSSIA, PAST AND PRESENT, THROUGH OUTSTANDING EXHIBITIONS AND PUBLIC PROGRAMS FOR ALL AUDIENCES.
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IRS990/Desc0THE MUSEUM PRESENTED 12 EXHIBITIONS IN 2024, WHICH WERE VIEWED BY 28,821 VISITORS. TMORA PRESENTED 47 EVENTS (CONCERTS, LECTURES, OPENINGS, FAMILY PROGRAMS, ART-AFTER-DARK EVENINGS, ETC.) IN-HOUSE, WITH AN AUDIENCE OF 3,665 ATTENDEES. THE OUTREACH EDUCATION PROGRAM PRESENTED 79 PROGRAMS IN 2024, WHICH REACHED 2,488 SENIORS. 54 PROGRAMS WERE PRESENTED VIRTUALLY AND 25 WERE LIVE PRESENTATIONS AT VARIOUS SITES AROUND THE TWIN CITIES METROPOLITAN AREA AND ROCHESTER. THE EDUCATION DEPARTMENT PROVIDED 20 SCHOOL TOURS FOR 429 STUDENTS AND 48 ADULT GROUP TOURS FOR 652 VISITORS.
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