OAKLEAF ENDOWMENT TRUST FOR THE MINNESOTA ORCHESTRA

EIN: 416429379 501(c)(3) Arts, Culture & Humanities

MINNEAPOLIS, MN

Total Revenue
$5,364,461
Total Expenses
$6,729,321
Total Assets
$101,410,708
Net Assets
$101,410,708
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Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year
1997
Legal Domicile
MN
Principal Officer
MARY SUMNERS
Phone
6123397151
Tax Period
2023-01-01 to 2023-12-31

OAKLEAF ENDOWMENT TRUST FOR THE MINNESOTA ORCHESTRA, founded in 1997, is a community nonprofit in the Arts, Culture & Humanities sector that reported $5.4M in total revenue in fiscal year 2023. Revenue fell 81% from the prior year — a significant decline worth monitoring. Expenses of $6.7M exceeded revenue, resulting in a 25% operating deficit.

Mission

TO ESTABLISH AN ENDOWMENT TO MAINTAIN AND ENHANCE THE QUALITY OF THE MINNESOTA ORCHESTRA OR ITS SUCCESSOR BY MERGER OR CONSOLIDATION

Program Service Accomplishments

Program 1
Expenses: $4,864,129 Revenue: $0

GRANTS ASSISTS THE MINNESOTA ORCHESTRA IN DAILY OPERATIONS AND HELPS MAINTAIN AND ENHANCE THE QUALITY OF THE MINNESOTA ORCHESTRA. THEY ALSO HELP THE ORCHESTRA DEVELOP STRATEGIES FOR PROCURING STRONG...

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GRANTS ASSISTS THE MINNESOTA ORCHESTRA IN DAILY OPERATIONS AND HELPS MAINTAIN AND ENHANCE THE QUALITY OF THE MINNESOTA ORCHESTRA. THEY ALSO HELP THE ORCHESTRA DEVELOP STRATEGIES FOR PROCURING STRONG, HIGH-PROFILE GUEST ARTISTS, PLANNING FESTIVALS, AND TOURS. ENDOWMENT REVENUE IS COMPOSED OF CONTRIBUTIONS AND INVESTMENT INCOME.

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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 (2023)

Revenue Breakdown

Contributions & Grants $8,510
Program Service Revenue $0
Investment Income $5,355,951
Other Revenue $0
TOTAL REVENUE $5,364,461

Expense Breakdown

Grants Paid $4,864,129
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $4,864,129
Other Expenses $1,865,192
TOTAL EXPENSES $6,729,321

Year-over-Year Comparison

2023 2022 Change
Revenue $5,364,461 $28,306,166 -0.8%
Expenses $6,729,321 $6,273,445 +0.1%
Net Income $-1,364,860 $22,032,721 -1.1%
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

Financial Distress Indicator

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
5
Independent Members
5
Employees
N/A
Volunteers
5

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
0
$0
Total Directors
5
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
MARY SUMNERS TRUSTEE 0.50
Director
$0 $0 $0
VANCE OPPERMAN TRUSTEE 0.50
Director
$0 $0 $0
MARILYN NELSON TRUSTEE 0.50
Director
$0 $0 $0
RT RYBAK TRUSTEE 0.50
Director
$0 $0 $0
JOHN LINDAHL TRUSTEE 0.50
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 No data No data No data No data
2023 $5,364,461 $6,729,321 $101,410,708 $-1,364,860
2022 $28,306,166 $6,273,445 $102,788,054 $22,032,721
2021 $10,271,429 $5,564,915 $81,273,856 $4,706,514
2020 $6,743,065 $5,659,739 $76,576,091 $1,083,326
2019 $6,457,829 $5,748,170 $75,491,020 $709,659
2018 $4,557,581 $5,783,545 $74,745,425 $-1,225,964
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