Nonprofit · EIN 41-1974608
MIDWAY CONTEMPORARY ART
Tax-exempt · MINNEAPOLIS, MN 55413
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $1,188,223 | $856,099 | $332,124 | $5,301,076 | $2,197,511 | $3,103,565 |
| December 31, 2023 | 990 | $1,257,722 | $674,498 | $583,224 | $4,869,036 | $2,097,595 | $2,771,441 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $1,092,926
- of which government grants
- $99,176
- Program service revenue
- $2,000
- Investment income
- $719
- Net income from fundraising events
- $91,383
- Other revenue
- $92,578
Expenses
- Grants and similar amounts paid
- $55,000
- Compensation of officers, directors and key employees
- $132,947
- Other salaries and wages
- $345,796
- Salaries, compensation and benefits (total)
- $478,743
- Professional fundraising fees
- $0
- Occupancy
- $60,146
- Depreciation
- $69,952
- Program services (functional)
- $701,791
- Management and general (functional)
- $76,186
- Fundraising (functional)
- $78,122
Balance sheet and other
- Total assets, start of year
- $4,869,036
- Total assets, end of year
- $5,301,076
- Total liabilities, end of year
- $2,197,511
- Net assets, end of year
- $3,103,565
- Land, buildings and equipment
- $3,422,951
- Net assets without donor restrictions
- $1,608,031
- Net assets with donor restrictions
- $1,495,534
- Gross receipts
- $1,215,340
- Employees
- 5
- Volunteers
- 28
- Year formed
- 2000
- State of legal domicile
- MN
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990 for the year ended December 31, 2024, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| JOHN RASMUSSEN | EXECUTIVE DIR. Trustee or director, Officer | 40 | $132,946 |
| ALAN POLSKY | CHAIR Trustee or director, Officer | 2 | $0 |
| CAROLYN TAYLOR | TRUSTEE Trustee or director | 2 | $0 |
| JIM CAHN | TRUSTEE Trustee or director | 2 | $0 |
| JULIA OFFENHAUSER | TRUSTEE Trustee or director | 2 | $0 |
| KAREN HEITHOFF | TRUSTEE Trustee or director | 2 | $0 |
| MATTHEW KENNEDY | TREASURER Trustee or director, Officer | 2 | $0 |
| KEVIN HACKLER | TRUSTEE Trustee or director | 2 | $0 |
| LESLIE COHAN | TRUSTEE Trustee or director | 2 | $0 |
| PAO HOUA HER | TRUSTEE Trustee or director | 2 | $0 |
| SALLY BLANKS | TRUSTEE Trustee or director | 2 | $0 |
| UTE BERTOG | TRUSTEE Trustee or director | 2 | $0 |
| TOBY DAYTON | TRUSTEE Trustee or director | 2 | $0 |
990 for the year ended December 31, 2023: 13 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| JOHN RASMUSSEN | EXECUTIVE DIR. Trustee or director, Officer | 40 | $130,152 |
| ALAN POLSKY | CHAIR Trustee or director, Officer | 2 | $0 |
| CAROLYN TAYLOR | TRUSTEE Trustee or director | 2 | $0 |
| JAMES CAHN | TRUSTEE Trustee or director | 2 | $0 |
| JULIA OFFENHAUSER | TRUSTEE Trustee or director | 2 | $0 |
| KAREN HEITHOFF | TRUSTEE Trustee or director | 2 | $0 |
| MATTHEW KENNEDY | TREASURER Trustee or director, Officer | 2 | $0 |
| KEVIN HACKLER | TRUSTEE Trustee or director | 2 | $0 |
| LESLIE COHAN | TRUSTEE Trustee or director | 2 | $0 |
| PAO HOUA HER | TRUSTEE Trustee or director | 2 | $0 |
| SALLY BLANKS | TRUSTEE Trustee or director | 2 | $0 |
| UTE BERTOG | TRUSTEE Trustee or director | 2 | $0 |
| TOBY DAYTON | TRUSTEE2 Trustee or director | 2 | $0 |
Address and contacts
- Address (IRS master file)
- 1509 MARSHALL ST NE, MINNEAPOLIS, MN 55413-1041
- In care of
- % JOHN RASMUSSEN
- Principal officer (990 for 2024)
- JOHN RASMUSSEN, 1509 MARSHALL ST NE, MINNEAPOLIS, MN 55413
- Signed the 990
- JOHN RASMUSSEN, EXECUTIVE DIRECTOR
- Phone
- (612) 605-4504
- Website
- WWW.MIDWAYART.ORG
- Return prepared by
- CARPENTER EVERT & ASSOCIATES LTD
Mission
MIDWAY CONTEMPORARY ART IS A NONPROFIT ORGANIZATION THAT SUPPORTS THE CREATION OF AND REFLECTION UPON VISUAL ART. MIDWAY FACILITATES SIGNIFICANT NEW DEVELOPMENTS IN THE FIELD AND PRESENTS AUDIENCES WITH INTIMATE ACCESS TO VISUAL CULTURE.
Program accomplishments
- EXHIBITIONS:OVER THE PAST TWO DECADES, MIDWAY HAS ORGANIZED MORE THAN 100 SOLO AND GROUP EXHIBITIONS. WE ARE COMMITTED TO COMMISSIONING AND DEVELOPING NEW PROJECTS, OFTEN WITH ARTISTS WHO HAVE NOT PREVIOUSLY EXHIBITED IN THE MIDWEST OR, IN MANY CASES, IN THE UNITED STATES. AS A NON-COLLECTING ORGANIZATION, MIDWAY CENTERS ARTISTS IN EVERY ASPECT OF ITS PROGRAMMING. WE COLLABORATE CLOSELY WITH THEM TO PRESENT THEIR WORK AND SHAPE MEANINGFUL AUDIENCE ENGAGEMENT, WHILE PROVIDING THE TIME, SPACE, AND RESOURCES NEEDED TO DEVELOP AMBITIOUS NEW PROJECTS.IN AUGUST 2024, WE REOPENED OUR NEWLY RENOVATED PERMANENT HOME WITH AN INAUGURAL EXHIBITION BY NEW YORK-BASED ARTIST GRANT MOONEY, FEATURING COMMISSIONED SCULPTURES PRIMARILY FABRICATED IN THE TWIN CITIES DURING MULTIPLE SITE VISITS. IN NOVEMBER, WE PRESENTED AN EXHIBITION OF NEW WORKS BY NORTH MINNEAPOLIS BORN ARTIST CAMERON PATRICIA DOWNEY. MIDWAY ALSO HOSTED GALLERY CONVERSATIONS WITH BOTH MOONEY AND DOWNEY IN CONJUNCTION WITH THEIR RESPECTIVE EXHIBITIONS. MANY OF OUR PUBLIC PROGRAMS ARE INITIATED BY THE PRESENTING ARTISTS AND OFFER VISITORS AND THE COMMUNITY A DEEPER UNDERSTANDING OF THEIR CREATIVE PROCESS AND THE WORKS ON VIEW. LIBRARY:LAUNCHED IN 2007, MIDWAY'S LIBRARY IS ONE OF THE REGION'S MOST COMPREHENSIVE ART AND ARCHITECTURE RESOURCES, WITH OVER 13,500 TITLES INCLUDING MONOGRAPHS, CATALOGS, PERIODICALS, AND RARE PUBLICATIONS NOT AVAILABLE ELSEWHERE IN MINNESOTA. FREE AND OPEN TO THE PUBLIC WITH NO MEMBERSHIP OR APPOINTMENTS REQUIRED, IT SERVES AS A VITAL RESOURCE FOR ARTISTS, STUDENTS, SCHOLARS, AND VISITORS. ITS ACCESSIBILITY HAS MADE IT A POPULAR DESTINATION FOR RESEARCH AND INSPIRATION. EACH YEAR, 500-1,000 TITLES ARE ADDED TO THE COLLECTION, MANY FROM INTERNATIONALLY BASED SMALL PUBLISHERS AND OTHERS SELECTED FOR THEIR DIRECT CONNECTION TO OUR CURRENT EXHIBITIONS. FORMERLY NON-CIRCULATING, THE LIBRARY LAUNCHED A SUCCESSFUL LENDING PROGRAM IN SUMMER 2020 IN RESPONSE TO THE PANDEMIC-AN INITIATIVE THAT HAS CONTINUED AND EXPANDED DUE TO STRONG COMMUNITY INTEREST. MIDWAY'S INTERNSHIP PROGRAM IS CLOSELY INTEGRATED WITH OUR LIBRARY, WHERE INTERNS ARCHIVE NEW ACQUISITIONS IN OUR ONLINE DATABASE AND BECOME FAMILIAR WITH THE OPERATIONAL STRUCTURE OF A SMALL ARTS NONPROFIT. VISUAL ARTS FUND:THE VISUAL ARTS FUND IS A GRANT PROGRAM ESTABLISHED IN 2016 BY MIDWAY CONTEMPORARY ART WITH GENEROUS SUPPORT FROM THE ANDY WARHOL FOUNDATION FOR THE VISUAL ARTS. MINNEAPOLIS-ST. PAUL IS ONE OF THIRTY-SIX METRO AREAS INCLUDED IN WARHOL'S REGIONAL REGRANTING PROGRAM, WHICH IS AIMED AT PROMOTING VIBRANT ARTISTIC ACTIVITY IN CITIES ACROSS THE UNITED STATES. THE VAF SUPPORTS THE DEVELOPMENT OF PROJECTS AND INITIATIVES HAPPENING OUTSIDE OF ESTABLISHED VENUES THAT ENGAGE THE PUBLIC WITH VISUAL ART AND MIGHT NOT OTHERWISE OCCUR. SINCE ITS LAUNCH, THE PROGRAM HAS AWARDED $641,000 TO 64 PROJECTS, BENEFITING HUNDREDS OF LOCAL ARTISTS IN THE TWIN CITIES.IN 2024, SIX $10,000 GRANTS WERE AWARDED TO PROJECTS RANGING FROM AN ARTIST-RUN GALLERY AND MOBILE RESIDENCY TO MUTUAL AID PRINTMAKING WORKSHOPS AND AN EXHIBITION BY OROMO MINNESOTAN ARTISTS. EACH GRANT CYCLE INCLUDES INFO SESSIONS, A GRANT WRITING WORKSHOP, A PUBLIC PROJECT PRESENTATION NIGHT, AND A MEET-AND-GREET WITH PAST AND CURRENT GRANTEES. NEW GRANTEES ALSO ATTEND A TAX INFO SESSION TO LEARN BEST PRACTICES FOR MANAGING GRANT FUNDS. MIDWAY OFFERS THESE FORMS OF MENTORSHIP WHILE GRANTING ARTISTS FULL AUTONOMY IN REALIZING THEIR PROJECTS.Expenses $701,791 · grants $55,000 · revenue $3,195
What it must file and when
IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in December, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | December 31, 2025 | May 15, 2026 | Not on file |
| 2024 | December 31, 2024 | May 15, 2025 | 990 on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990 on file |
IRS record
- EIN
- 41-1974608
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Publicly supported organization (170(b)(1)(A)(vi))
- Donations deductible (Pub 78)
- Public charity, 50% deduction limit
- Exempt since
- 2000
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Arts, culture and humanities (A20)
- Assets (IRS master file)
- $5,301,076
- Income (IRS master file)
- $1,215,340
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $1,188,223 | $856,099 | $5,301,076 | IRS |
| 990 | December 2023 | $1,257,722 | $674,498 | $4,869,036 | XML |
| 990 | December 2022 | $1,603,406 | $768,770 | $3,877,893 | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990 | December 2020 | – | – | – | IRS |
| 990 | December 2018 | – | – | – | IRS |
990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 41-1974608).
Questions about MIDWAY CONTEMPORARY ART
- What is the EIN of MIDWAY CONTEMPORARY ART?
- The employer identification number (EIN) of MIDWAY CONTEMPORARY ART is 41-1974608.
- Is MIDWAY CONTEMPORARY ART tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2000.
- Are donations to MIDWAY CONTEMPORARY ART tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does MIDWAY CONTEMPORARY ART file?
- Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
- When is the next return of MIDWAY CONTEMPORARY ART due?
- The return for tax year 2025 (the year ending December 31, 2025) is due May 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did MIDWAY CONTEMPORARY ART last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended December 2024.
- Who is the principal officer of MIDWAY CONTEMPORARY ART?
- The 990 for the year ended December 31, 2024 names JOHN RASMUSSEN.
- Who are the officers and directors of MIDWAY CONTEMPORARY ART?
- The 990 for the year ended December 31, 2024 lists 13 people; 1 received compensation from the organization, the highest $132,946 (JOHN RASMUSSEN, EXECUTIVE DIR.).
- How much revenue does MIDWAY CONTEMPORARY ART have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $1,188,223, expenses of $856,099 and total assets of $5,301,076 at year end.
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