THE BASILICA LANDMARK

EIN: 411754864 501(c)(3) Arts, Culture & Humanities

MINNEAPOLIS, MN

Total Revenue
$11,720,291
Total Expenses
$5,024,351
Total Assets
$18,250,339
Net Assets
$17,659,925
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1993
Legal Domicile
MN
Principal Officer
DEIRDRE PALMER
Phone
6123173400
Tax Period
2024-01-01 to 2024-12-31

THE BASILICA LANDMARK, founded in 1993, is a mid-sized nonprofit in the Arts, Culture & Humanities sector that reported $11.7M in total revenue in fiscal year 2024. Revenue surged 269% from the prior year, signaling strong growth momentum. The organization ran a surplus of $6.7M, a strong 57% operating margin.

Mission

THE BASILICA LANDMARK PRESERVES AND CELEBRATES THE BASILICA OF SAINT MARY (THE BASILICA) AS A RELIGIOUS AND CULTURAL SYMBOL FOR ALL PEOPLE BY SUPPORTING THE RESTORATION AND PRESERVATION OF THE BASILICA THROUGH EDUCATIONAL PROGRAMS, FUND-RAISING AND SPECIAL EVENTS, BY CELEBRATING THE BASILICA THROUGH PUBLICATIONS AND PROGRAMS THAT DOCUMENT THE HISTORY OF THE BUILDING AND THE COMMUNITY IT SERVES, AND BY ENCOURAGING THE USE OF THE BASILICA AS A CULTURAL CENTER FOR SECULAR AND LITURGICAL ARTS.

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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 $12,250,822
Program Service Revenue $0
Investment Income $628,397
Other Revenue $-1,158,928
TOTAL REVENUE $11,720,291

Expense Breakdown

Grants Paid $3,469,501
Salaries & Benefits $0
Fundraising Expenses $739,894
Program Expenses $3,806,550
Other Expenses $1,434,850
TOTAL EXPENSES $5,024,351

Year-over-Year Comparison

2024 2023 Change
Revenue $11,720,291 $3,173,746 +2.7%
Expenses $5,024,351 $2,111,833 +1.4%
Net Income $6,695,940 $1,061,913 +5.3%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

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Liquidity & Cash Position

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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

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Governance

Voting Members
19
Independent Members
19
Employees
N/A
Volunteers
460

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
4
$0
Total Directors
20
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
DEIRDRE PALMER PRESIDENT 1.00
Officer Director
$0 $0 $0
STEVE BROWN VICE-PRESIDENT 1.00
Officer Director
$0 $0 $0
ROSHAN RAJKUMAR SECRETARY 1.00
Officer Director
$0 $0 $0
LORI HUME TREASURER 1.00
Officer Director
$0 $0 $0
MEADE ARSENIADIS BOARD MEMBER 1.00
Director
$0 $0 $0
PETER CRAIN BOARD MEMBER 1.00
Director
$0 $0 $0
TOM GEIGER BOARD MEMBER 1.00
Director
$0 $0 $0
REV FR DANIEL GRIFFITH BOARD MEMBER 1.00
Director
$0 $0 $0
MICHAEL JONES BOARD MEMBER 1.00
Director
$0 $0 $0
SUSAN LINK BOARD MEMBER 1.00
Director
$0 $0 $0
BRIAN MCBRIDE BOARD MEMBER 1.00
Director
$0 $0 $0
DAN MILLEA BOARD MEMBER 1.00
Director
$0 $0 $0
MONICA MURPHY BOARD MEMBER 1.00
Director
$0 $0 $0
BISHOP RICHARD PATES BOARD MEMBER 1.00
Director
$0 $0 $0
TOM PAUL BOARD MEMBER 1.00
Director
$0 $0 $0
BRIAN SEFTON BOARD MEMBER 1.00
Director
$0 $0 $0
LYDIE STASSART BOARD MEMBER 1.00
Director
$0 $0 $0
BENSON WHITNEY BOARD MEMBER 1.00
Director
$0 $0 $0
MAUREEN VISCHER BOARD MEMBER 1.00
Director
$0 $0 $0
JASON CROSS - BOARD MEMBER THRU 6/30/2024 1.00
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
2024 $11,720,291 $5,024,351 $18,250,339 $6,695,940
2023 $3,173,746 $2,111,833 $11,183,836 $1,061,913
2022 $926,405 $1,763,358 $9,505,273 $-836,953
2021 $3,579,135 $1,813,189 $10,889,737 $1,765,946
2020 $2,307,735 $1,372,849 $9,055,376 $934,886
2019 $1,342,048 $2,598,903 $8,728,187 $-1,256,855
2018 $927,486 $1,684,765 $8,803,251 $-757,279
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