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Federal ID# 411607453

Minneapolis College of Art and Design

    • MCAD

General Information

Organization Type TRUST
Contact Person Mary Alma Noonan
Address 2501 Stevens Avenue, Minneapolis, MN 55404
Phone Number (612) 874-3700
Purpose or Description To operate and maintain a college which offers both degree and non-degree courses of instruction in the areas of art and design
Status Active
Extension Granted

Financial Information

For Fiscal Year Ending 5/31/2023

INCOME
Direct Public Support$2,029,663
Government Grants+ $149,315
Other Revenue+ $33,900,405
Total Revenue$36,079,383
EXPENSES
Amount Spent for Program or Charitable Purposes$36,936,363
Management/General Expense+ $4,422,454
Fundraising Expense+ $1,340,593
Total Expenses$42,699,410

Excess/Deficit
Total Revenue$36,079,383
Total Expenses- $42,699,410
Excess/Deficit$-6,620,027
End of Year Fund Bal/Net Worth
Total Assets$86,888,481
Total Liabilities- $12,210,554
End of Year Fund Bal/Net Worth$74,677,927

Financial Information for Prior Years

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