Minnetrista Cultural Foundationinc

Nonprofit profile at a glance

EIN
351628916
IRS 990 coverage
2012–2024
Forms available
Form 990 2024, Form 990-T 2024
Location
Muncie, IN, USA
Phone
7652824848
Rating
76
Verdict
SUPPORTED
Rating confidence
Moderate

Official website

Reported finances

Revenue
$5,081,343
Expenses
$5,343,376
Assets
$15,349,164
Liabilities
$255,009

Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.

Leadership & pay

25 people listed

Executive titles in this filing

  • BRIAN STATZ (PRES/CEO/TRU)

Highest reported compensation

  • BRIAN STATZ (PRES/CEO/TRU): $182,710 total reported compensation
  • ERIC LIN (TREASURER): $47,046 total reported compensation

Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

Minnetrista museum & gardens fosters a love of learning across generations and engages the community through the beauty of nature, the richness of art, and the heritage of east central Indiana.

What it reported doing in 2024

(continued) majestic mountains at bob ross experience; open space: art about the land; and imagine in glass. The minnetrista heritage collection includes artifacts, art, and archival material that document the people, places, organizations, events, and businesses and industries of east central Indiana. A major component of the collection is ball family material and ball corporation business records. Several acquisitions were received in 2024. They included materials and objects that document the ball family, ball corporation, and local history. The minnetrista heritage collection, both on-site and on- line, is also a destination for researchers. In 2024, there were more than 164 remote and in-person research requests and appointments. By the end of 2024, there were more than 8,295 objects online, 6,278 photograph collections, and over 2,559 archival records from the minnetrista heritage collection on-line. Thousands of additional records were available onsite to researchers through our collections management system. There were thousands of searches of the on-line collection in 2024.

Operating model

Revenue model
Donor-supported. 89% of the money available for current operations came from contributions and gifts.
Distribution model
Direct operator. The filing allocates 100% of reported program-service expenses outside its grant, affiliate-payment, and member-benefit lines. This expense classification does not rule out separately announced grant awards.

The verdict

SUPPORTED - The filed numbers largely add up and a large share of available resources goes toward mission work. Fundraising costs are high for each dollar raised and expenses are high relative to revenue.

Rating breakdown

  • Financial Efficiency: 62
  • Transparency & Controls: 84
  • Accountability: 98
  • Sustainability: 47
  • Growth: 80

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 68.4%; rating input score 68
  • Program expense ratio: 59.7%; rating input score 60
  • Fundraising efficiency: $10.93 raised per $1 spent on fundraising; rating input score 40; 40th percentile among comparable filings

Transparency & Controls

  • Consistency checks: 100%; rating input score 100; 63rd percentile among comparable filings
  • Pay-setting controls: 4 of 6 controls in place; rating input score 67
    • Compensation committee: Pass
    • Independent consultant: Missing
    • Other Form 990s reviewed: Pass
    • Written employment contract: Missing
    • Compensation survey or study: Pass
    • Board or committee approval: Pass
  • Foreign activity oversight: Limited
  • Grant itemization coverage: Limited
  • Major donor itemization: Yes; rating input score 100
  • Related-party transparency: Limited

Accountability

  • Independent voting board: 95.8%; rating input score 96; 26th percentile among comparable filings
  • Governance controls: 9 of 9 controls in place; rating input score 100
    • Conflict-of-interest policy: Pass
    • Whistleblower policy: Pass
    • Document-retention policy: Pass
    • CEO compensation review process: Pass
    • Other executive compensation review process: Pass
    • Form 990 shared with the board: Pass
    • Board meeting minutes documented: Pass
    • Audit committee oversight: Pass
    • Independent financial-statement audit: Pass

Sustainability

  • Operating margin: -5.2%; rating input score 20; 20th percentile among comparable filings
  • Total-asset coverage ratio: 2.87; rating input score 73; 73rd percentile among comparable filings
  • Liabilities to assets ratio: 0.02; rating input score 82; 82nd percentile among comparable filings
  • Officer compensation ratio: 4.3%; rating input score 59; 59th percentile among comparable filings

Growth

  • Program expense growth: 3.9% per year; rating input score 100; 33rd percentile among comparable filings
  • Revenue growth: 1.1% per year; rating input score 100; 16th percentile among comparable filings
  • Asset growth: -1.5% per year; rating input score 0; 8th percentile among comparable filings

Details

  • Where the money goes: 68.4% of revenue deployed · 59.7% of spending went to programs
  • Governance: 23 of 24 board members independent · 9 of 9 filing controls reported
  • Programs: 4 filed program accomplishments · $3.2M in reported program spending
  • Leadership: top reported pay $183K · 25 people listed · 4 of 6 pay-setting controls reported
  • Highest-paid contractors: 3 contractors listed · $384K reported
  • Consistency: 30 of 30 current checks pass
  • Schedules: 6 filed schedules · includes major donors and executive pay
  • Filing history: 12 filing years from 2012 to 2024
  • Contacts: How to reach this organization
  • Money network: 2 filed money-flow records
  • Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
  • People: Everyone the filings name, and which of them the filings identify by more than a name.
  • Staff and benefit plans: Retirement and health plans the organization files with the Department of Labor, and the people in them.

Key Signals

Signals prioritize questions for review. They are not findings of misconduct.

  • Moderate — Financial Efficiency: Fundraising efficiency scored 40/100.
  • High — Sustainability: Operating margin scored 20/100.
  • High — Growth: Asset growth scored 0/100.
  • Review — Sustainability: Officer compensation ratio scored 59/100.