MINNESOTA HISTORICAL SOCIETY

EIN: 410713907 501(c)(3) Arts, Culture & Humanities

SAINT PAUL, MN

Total Revenue
$85,392,186
Total Expenses
$74,224,936
Total Assets
$349,295,518
Net Assets
$335,348,447
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1849
Legal Domicile
MN
Principal Officer
Kent Whitworth
Phone
6512593170
Tax Period
2024-07-01 to 2025-06-30

MINNESOTA HISTORICAL SOCIETY, founded in 1849, is a mid-sized nonprofit in the Arts, Culture & Humanities sector that reported $85.4M in total revenue in fiscal year 2024. Revenue decreased 12% compared to the prior year. Expenses of $74.2M left a modest 13% surplus.

Mission

The Minnesota Historical Society (MNHS) is a non-profit educational and cultural institution established in 1849. MNHS collects, preserves, and tells the story of Minnesota's past through museum exhibits, libraries and collections, historic sites, educational programs and print and online publishing.

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $56,751,467
Program Service Revenue $9,296,851
Investment Income $17,690,979
Other Revenue $1,652,889
TOTAL REVENUE $85,392,186

Expense Breakdown

Grants Paid $7,620,941
Salaries & Benefits $37,560,136
Fundraising Expenses $2,403,257
Program Expenses $57,620,625
Other Expenses $29,043,859
TOTAL EXPENSES $74,224,936

Year-over-Year Comparison

2024 2023 Change
Revenue $85,392,186 $96,755,531 -0.1%
Expenses $74,224,936 $71,067,324 +0.0%
Net Income $11,167,250 $25,688,207 -0.6%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Liquidity & Cash Position

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Governance

Voting Members
33
Independent Members
33
Employees
703
Volunteers
752

Governance Policies

Conflict of Interest Policy
Whistleblower Policy
Document Retention Policy

Special Practices & Reported Activities

Operated a School
Operated a Hospital
Provided First Class Travel
Reported Conflict of Interest
Reported Asset Diversion
Excess Benefit Transaction
Made Political Expenditures
Engaged in Lobbying
Operated Donor Advised Fund
Maintained Art Collections
Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers
5
$569,848
Total Directors
36
$12,462
Key Employees
1
$231,645
Highest Compensated
5
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
S Kent Whitworth Director & Chief Executive Officer, Board Secretary 40
Officer
$310,836 $47,363 $358,199
Jennifer Jones Executive Vice President Strategy 40
Key Emp
$209,098 $22,547 $231,645
Jennifer Pogatchnik Vice President Advancement 40
Highest
$174,093 $38,823 $212,916
Fred Neher Vice President Finance 40
Officer
$172,893 $38,756 $211,649
Brian Juntti Executive Vice President Mission Enablement 40
Highest
$171,695 $38,681 $210,376
Kevin Maijala Senior Vice President Education & Interpretation 40
Highest
$167,856 $38,432 $206,288
Brenda Raney Senior Vice President Library, Research & Collections 40
Highest
$167,706 $38,432 $206,138
Benjamin Leonard Senior Vice President Historic Sites 40
Highest
$162,275 $38,090 $200,365
Anton Treuer Trustee 1
Director
$12,462 $0 $12,462
Peter Reyes President 1
Officer Director
$0 $0 $0
David Hakensen Past President 1
Officer Director
$0 $0 $0
Thomas Forsythe Vice President & Treasurer 1
Officer Director
$0 $0 $0
Ford W Bell Trustee 1
Director
$0 $0 $0
Barbara Burwell Trustee 1
Director
$0 $0 $0
Grant Davis Trustee 1
Director
$0 $0 $0
M Mitchell Davis Trustee 1
Director
$0 $0 $0
Elizabeth Driscoll Hlavka Trustee 1
Director
$0 $0 $0
Joanell Dyrstad Trustee 1
Director
$0 $0 $0
Richard E Engebretson Trustee 1
Director
$0 $0 $0
Carolyn Essig Trustee 1
Director
$0 $0 $0
Stephanie L Fehr Trustee 1
Director
$0 $0 $0
Jesse B Gomez Trustee 1
Director
$0 $0 $0
Dustin Heckman Trustee 1
Director
$0 $0 $0
Bridget Larson-Linder Trustee 1
Director
$0 $0 $0
Monica Little Trustee 1
Director
$0 $0 $0
Linda B Mona Trustee 1
Director
$0 $0 $0
Jennifer Murray Trustee 1
Director
$0 $0 $0
Richard C Nash Trustee 1
Director
$0 $0 $0
Krista E O'Malley Trustee 1
Director
$0 $0 $0
John Pacheco Jr Trustee 1
Director
$0 $0 $0
Sharon Sayles Belton Trustee 1
Director
$0 $0 $0
Daniel Schmechel Trustee 1
Director
$0 $0 $0
Diana Schutter Trustee 1
Director
$0 $0 $0
Daniel Shogren Trustee 1
Director
$0 $0 $0
Roger Sit Trustee 1
Director
$0 $0 $0
John Tunheim Trustee 1
Director
$0 $0 $0
Noelle Turner Trustee 1
Director
$0 $0 $0
Kyle Ward Trustee 1
Director
$0 $0 $0
Gwen Westerman Trustee 1
Director
$0 $0 $0
Tim Walz Ex-Officio Board Member 0
Director
$0 $0 $0
Peggy Flanagan Ex-Officio Board Member 0
Director
$0 $0 $0
Julie Blaha Ex-Officio Board Member 1
Director
$0 $0 $0
Keith Ellison Ex-Officio Board Member 0
Director
$0 $0 $0
Steve Simon Ex-Officio Board Member 0
Director
$0 $0 $0
Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year Revenue Expenses Assets Net Income
2025 $85,392,186 $74,224,936 $349,295,518 $11,167,250
2024 $96,755,531 $71,067,324 $338,487,820 $25,688,207
2023 $91,494,356 $65,750,419 $312,635,056 $25,743,937
2022 $63,620,828 $55,381,723 $275,417,631 $8,239,105
2021 $62,868,869 $48,824,377 $299,649,325 $14,044,492
2020 $58,257,393 $56,385,651 $261,681,031 $1,871,742
2019 $59,540,312 $58,025,895 $260,194,526 $1,514,417
2018 $94,047,659 $58,975,026 $255,000,197 $35,072,633
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