Minnesota United Foundation

What it reported doing in 2025

In 2024, Minnesota united foundation (the "foundation") received a grant of up to $2,000,000 as authorized by the state of Minnesota legislature in h. F. No. 1999, sec. 2. Arts and cultural heritage, subd. 3.(e) "for the design, land development, land transfer fees, and production costs of a public art project in st. Paul at the united village site celebrating Minnesota arts and cultural heritage and providing a unique public art experience through sculpture and design." the grant made by the Minnesota state arts board on behalf of the state of Minnesota. The grant will pay for no more than 50% of the cost to construct the public sculpture plaza described in the next paragraph.under a privately-owned public space (pops) agreement with the city of st. Paul, snelling-midway redevelopment, llc ("smr") dedicated approximately three-quarters of an acre at the southeast corner of snelling and university avenues, one of the busiest intersections in the twin cities, as a public park. Smr will design, construct, operate and maintain the public park as a public sculpture plaza. A 35-foot-high, metal sculpture of a loon, the state bird of the state of Minnesota, will be displayed in the sculpture plaza. The loon sculpture will be owned by a private foundation, the william w. And nadine m. Mcguire foundation, of which dr. Mcguire is a director, that is dedicated to fostering the arts, supporting education, and preserving our natural environment and its biodiversity, and will be loaned to smr for display in the public sculpture plaza.the public sculpture plaza will be constructed from funds provided by smr and the matching grant up to $2 million received by the foundation that it will administer in accordance with the grant agreement with the Minnesota state arts board. Construction of the sculpture plaza commenced in may 2024 and the loon sculpture was installed in 2024. Ownership of the sculpture was transferred as intended during 2025.

Financial Efficiency

• Mission deployment rate: Limited
• Program expense ratio: 99.6%; rating input score 100
• Fundraising efficiency: Limited

Transparency & Controls

• Consistency checks: 100%; rating input score 100; 63rd percentile among comparable filings
• Pay-setting controls: Limited
• Foreign activity oversight: Limited
• Grant itemization coverage: 100%; rating input score 100; 81st percentile among comparable filings
• Major donor itemization: Limited
• Related-party transparency: Limited

Accountability

• Independent voting board: 100%; rating input score 100; 64th percentile among comparable filings
• Governance controls: 5 of 7 controls in place; rating input score 71
  • Conflict-of-interest policy: Pass
  • Whistleblower policy: Pass
  • Document-retention policy: Pass
  • CEO compensation review process: NotApplicable
  • Other executive compensation review process: NotApplicable
  • Form 990 shared with the board: Pass
  • Board meeting minutes documented: Pass
  • Audit committee oversight: Missing
  • Independent financial-statement audit: Fail

Sustainability

• Operating margin: Limited
• Total-asset coverage ratio: 0; rating input score 6; 6th percentile among comparable filings
• Liabilities to assets ratio: 83.47; rating input score 0; 0th percentile among comparable filings
• Officer compensation ratio: 0%; rating input score 58; 58th percentile among comparable filings

Growth

• Program expense growth: 200% per year; rating input score 100; 100th percentile among comparable filings
• Revenue growth: -200% per year; rating input score 0; 0th percentile among comparable filings
• Asset growth: -199.2% per year; rating input score 0; 0th percentile among comparable filings