2024-03-20T09:01:30-05:00 2023-06-30 450250958 Eide Bailly LLP 800 Nicollet Mall Ste 1300 Minneapolis MN 554027033 990 2022-07-01 475564727 MCM Holdings MCMH 6512256000 10 West 7th Street St Paul MN 55102 Dianne Krizan President 6512256000 2024-03-19 1 Dianne Krizan 999009999 1 Deb Nelson CPA P01264758 6122536500 2024-03-19 2 AAL1 IAL1 2022 2023-04-26 12:10:37Z X Dianne Krizan 10 West 7th Street St Paul MN 55102 9879392 0 X www.mcm.org X 2015 MN Support the Minnesota Children's Museum X 5 5 0 5 0 0 0 0 537765 431054 0 0 18583 9448338 556348 9879392 0 0 0 0 0 0 0 0 0 1118822 811612 1118822 811612 -562474 9067780 21271227 0 9430780 0 11840447 0 X MCM Holdings is organized and will operate exclusevely for charitable and educational purposes and exclusively for the benefit of, to support the functions of, and to assist in carrying out the purposes of the Minnesota Children's Museum. 0 1 811612 431054 MCM Holdings was established to hold, renovate, and manage the existing facility of the Minnesota Children's Museum in downtown St. Paul. This was carried out in conjunction with the expansion and complete renovation of the facility. MCM Holdings renovated all current public space as well as added 2,000 square feet to the existing footprint. MCM Holdings also developed, created, and installed 10 new galleries. MCM Holdings dissolved during fiscal year 2023. 811612 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 1 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 1 0 0 1 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 X 5 5 1 0 1 0 1 1 1 1 1 0 0 1 1 1 1 1 1 0 0 0 MN X Dianne Krizan 6512256000 10 West 7th Street St Paul MN 55102 William McKinney Chair 0.10 0.00 X X 0 0 0 Charlene Altman Treasurer 0.10 0.00 X X 0 0 0 William Schmoker Secretary 0.10 0.00 X X 0 0 0 Lisa Farrell Director 0.10 0.00 X 0 0 0 Stephen Zawoyski Director 0.10 0.00 X 0 0 0 Dianne Krizan President 8.00 32.00 X 0 227289 30051 Fola Tiamiyu Dir of Finance & Technology 8.00 32.00 X 0 101486 36335 0 328775 66386 0 0 1 0 0 Museum Facility Rental 531120 321356 321356 Parking Ramp Revenue 531120 109698 109698 431054 28338 28338 Debt Forgiveness 900099 9420000 9420000 9420000 9879392 431054 0 9448338 13841 13841 95758 95758 63850 63850 637004 637004 1159 1159 811612 811612 0 0 0 0 0 0 0 0 0 0 0 0 19627026 0 0 0 0 0 1644201 0 21271227 0 10780 9420000 9430780 0 X 11840447 0 11840447 0 21271227 0 X 9067780 -20908227 X 0 1 X 1 0 X X X 1 Minnesota Children's Museum 411354181 7 1 0 811612 1 0 811612 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 X Part X, Line 2: MCM Holdings believes it has appropriate support for any tax positions taken affecting their annual filing requirements, and as such, does not have any uncertain tax positions that are material to the financial statements. MCM Holdings would recognize future accrued interest and penalties related to unrecognized tax benefits and liabilities in income tax expense if such interest and penalties are incurred. 0 0 0 0 0 0 0 0 0 Dianne Krizan President 0 194889 0 32400 0 0 0 7076 0 23265 0 257630 0 0 Schedule J, Part I, Line 3: Minnesota Children's Museum, a related organization, used one or more of the methods on part I, line 3 to determine the President's compensation. Land, buildings, and equipment 2023-06-30 18990022 Book value 411354181 Minnesota Children's Museum 10 7th St W St Paul MN 55102 501(c)3 Accounts receivable 2023-06-30 1928205 Book value 411354181 Minnesota Children's Museum 10 7th St W St Paul MN 55102 501(c)3 Legal fees 2023-06-30 -10000 Book value 411354181 Minnesota Children's Museum 10 7th St W St Paul MN 55102 501(c)3 0 1 0 0 1 1 1 1 0 Part I, Line 2e: Person(s) Involved: Diane KrizanFola Tiamiyu Part I, Line 2e: Explanation of Involvement: Diane Krizan is the President of Minnesota Children's Museum and MCM Holdings. Diane will remain the President of Minnesota Children's Museum after the dissolution of MCM Holdings.Fola Tiamiyu is the Director of Finance & Technology of Minnesota Children's Museum and MCM Holdings. Fola will remain the Director of Finance & Technoloby of Minnesota Children's Museum after the dissolution of MCM Holdings. Form 990, Part III, line 3 In connection with the end of the seven-year compliance period for the New Market Tax Credit financing and the repayment and forgiveness of MCM Holdings' long-term debt, MCM Holdings has dissolved and all property and equipment and any related assets or liabilities were transferred to Minnesota Children's Museum. Form 990, Part VI, Section A, line 1a The Board of Directors may establish an Executive Committee composed of at least three directors designated by the Board of Directors. The Executive Committee has the authority of the Board of Directors in the management of the business of the corporation in the interval between meetings of the Board of Directors. Form 990, Part VI, Section A, line 2 Dianne Krizan and Fola Tiamiyu have a business relationship. Form 990, Part VI, Section A, line 4 MCM Holdings filed Articles of Dissolution with the State of Minnesota. All assets were distributed to Minnesota Children's Museum, a related organization, in accordance with the governing documents. Form 990, Part VI, Section A, line 6 The sole voting member of the organization is the Minnesota Children's Museum. Form 990, Part VI, Section A, line 7a Minnesota Children's Museum, the Organization's sole voting member, has the power to elect or appoint one or more members of the governing body. Form 990, Part VI, Section A, line 7b The voting member has the following rights and powers concerning the governance of the organization: 1. To appoint and remove for cause any or all members of the Board of Directors. 2. To propose amendments to the Articles of Incorporation or Bylaws for consideration by the Board of Directors. 3. All other rights and powers of voting members pursuant to Chapter 317A of the Minnesota statutes. None of the following actions are effective without the express written approval of the voting member: 1. Appointment of the President 2. Amendment of the Articles of Incorporation or Bylaws 3. Adoption of the Organization's strategic plans, capital budgets, and operating budgets 4. Approval of any plan of merger or consolidation by this organization with any foreign or domestic corporation voluntary dissolution of this organization or sale lease, mortgage, encumbering, or transfer of any of this organizations' assets over limits established from time to time by resolution adopted by the voting member 5. Adoption of policies regarding the implementation of any of the rights and powers described in Section 1.4 of the organization's bylaws (all of which have been described above). Form 990, Part VI, Section B, line 11b The Organization's Form 990 is prepared by an independent accounting firm and reviewed by the Minnesota Children's Museum's Director of Finance and the Board of Directors prior to filing. The Board receives a copy of the Form 990 prior to filing. Form 990, Part VI, Section B, line 12c The conflict of interest policy requires all officers, directors, and employees to sign a conflict of interest disclosure form annually. If a conflict is present, the member will not be present during discussions and must abstain from the vote. Any existing conflicts are to be documented in the meeting minutes. The Board of Directors is responsible for oversight of all disclosures or failures to disclose and for taking appropriate action in the case of any actual or potential conflict of interest transaction. Form 990, Part VI, Section C, line 19 The governing documents, conflict of interest policy, and financial statements are available to the public upon request. Form 990, Part XI, line 9: Transfer of Assets to Minnesota Children's Museum -20,908,227. Minnesota Children's Museum 10 7th St W St Paul MN 55102 411354181 Children's museum operations MN 501(c)(3) Line 7 N/A 0 0 0 0 0 1 0 0 0 1 1 0 0 1 1 1 0 0 0 0