Madison Art Gallery
Madison Art Gallery is a private foundation focused on Arts, Culture & Humanities, based in Madison, MN. IRS filing data is available from 2021 through 2024. In 2024, it made $147K in qualifying distributions.
Madison Art Gallery at a glance
- Revenue (2024)
- $231,371
- +251.4% vs 2023
- Qualifying distributions (2024)
- $147,221
- +16.9% vs 2023
- Expenses (2024)
- $158,766
- +24.1% vs 2023
- Latest 990 filing
- Form 990-PF, 2024 View filing
Data from IRS Form 990-PF, 2024; updated October 2026.
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Financial History
Multi-year comparison from IRS filings
| Filing year | Total Assets | Revenue | Expenses | Qualifying Distributions | Distributable Amount |
|---|---|---|---|---|---|
| 2024 | — | $231,371 | $158,766 | $147,221 | — |
| 2023 | $74,747 | $65,846 | $127,896 | $125,918 | — |
| 2022 | $107,016 | $100,306 | $15,352 | $14,760 | $1,221 |
| 2021 | $14,143 | $14,500 | $357 | — | $624 |
Leadership & Key People
Officers and directors from IRS filings
Madison Art Gallery is led by Doug Peterson, Chair since 2022 (on filings since 2021); none of the 10 officers listed in 2024 report compensation.
Officers on the 2024 filing
Doug Peterson
Chair
Member → Chair, 2022
On filings since 2021
2 hrs/week
No compensation reported
Anthony Bormann
Member
On filings since 2021
2 hrs/week
No compensation reported
Bridget Bly
Vice Chair
Member → Vice Chair, 2022
On filings since 2021
2 hrs/week
No compensation reported
Connor Peoples
Secretary
Member → Secretary, 2022
On filings since 2021
2 hrs/week
No compensation reported
Cynthia Huse
Member
On filings since 2021
2 hrs/week
No compensation reported
Dale Handeen
Member
On filings since 2021
2 hrs/week
No compensation reported
David Jerpseth
Member
On filings since 2021
2 hrs/week
No compensation reported
Deb Meyer
Member
On filings since 2021
2 hrs/week
No compensation reported
Karie Sorknes
Treasurer
Member → Treasurer, 2022
On filings since 2021
2 hrs/week
No compensation reported
Kristine Shelstad
Executive Di
Director → Executive Di, 2024
On filings since 2021
2 hrs/week
No compensation reported
Former officers (1)
- Former: Luke Peterson (2021) — Member
Data from IRS Form 990 filings, 2021–2024. "On filings since" is the earliest filing we hold that lists the person; hours are average hours per week as reported.
Frequently asked questions about Madison Art Gallery
What is Madison Art Gallery?
Madison Art Gallery is a private foundation focused on Arts, Culture & Humanities, based in Madison, MN.
What is Madison Art Gallery's EIN?
Madison Art Gallery's EIN (Employer Identification Number) is 86-2300115. IRS Form 990 filing data is available on this page for 2021–2024.
Data last updated October 2026. Sourced from IRS Form 990-PF filings.
Data update history
(1)
When this profile's IRS filing data changed on Grantable
- IRS filings on file for fiscal years 2021–2024
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Madison Art Gallery down — hundreds of funders to go?