Rum Fund
- Assets
- $3.5m
- Revenue
- $291.6k
- Investments
- $3.1m
- Employees
- 0
- Location
- Wayzata, MN
- Founding
- 08/1999
- Data as of
- 12/2021
- EIN
- 13-4022921
Organization Overview
Rum Fund is located in Wayzata, MN. The organization was established in 1999. According to its NTEE Classification (T20) the organization is classified as: Private Grantmaking Foundations, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Rum Fund is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2021, Rum Fund generated $291.6k in total revenue. This organization has experienced exceptional growth, as over the past 4 years, it has increased revenue by an average of 15.1% each year . All expenses for the organization totaled $533.6k during the year ending 12/2021. While expenses have increased by 9.2% per year over the past 4 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Since 2020, Rum Fund has awarded 180 individual grants totaling $2,624,654. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Abigail Rose President | 1 | $0 | |
Michael Blum Vice President | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $143,693 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $147,931 |
| Capital Gain Net Income | $147,931 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $291,624 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $16,197 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $900 |
| Total operating and administrative expenses | $43,265 |
| Contributions, gifts, grants paid | $490,295 |
| Total expenses and disbursements | $533,560 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $397,887 |
| Savings and temporary cash investments | $0 |
| Net Accounts receivable | $0 |
| Net Pledges Receivable | $0 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $4,264 |
| Total assets | $3,514,162 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $0 |
Grants Awarded
Over the last fiscal year, Rum Fund has awarded $490,295 in support to 39 organizations.
| Grant Recipient | Amount |
|---|---|
PLANNED PARENTHOOD OF AMERICA PURPOSE: GENERAL OPERATIONS | $100,000 |
Minneapolis, MN PURPOSE: GENERAL OPERATIONS | $93,750 |
Minneapolis, MN PURPOSE: CAPITAL CAMPAIGN AND BRIDGE TO THE FUTURE | $92,000 |
Hopkins, MN PURPOSE: CAPITAL CAMPAIGN, ANNUAL FUND AND SCIENCE WING | $42,750 |
ALZHEIMERS ASSOCIATION PURPOSE: GENERAL OPERATIONS | $32,340 |
SHOLOM FOUNDATION PURPOSE: GENERAL OPERATIONS | $30,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Otto Bremer Trust St Paul, MN | $1,543,197,073 | $135,875,116 |
The Robert D And Patricia E Kern Family Foundation Inc Waukesha, WI | $717,991,169 | $43,480,423 |
The Richard M Schulze Family Foundation Minneapolis, MN | $250,424,427 | $45,882,285 |
Fred C And Katherine B Andersen Foundation Bayport, MN | $1,210,701,778 | $63,445,932 |
Manitou Fund White Bear Lake, MN | $1,003,593,689 | $40,882,622 |
Lynne & Andrew Redleaf Foundation Minneapolis, MN | $127,717,345 | $981,960 |
Northwest Area Foundation St Paul, MN | $512,755,007 | $38,144,816 |
U S Bancorp Foundation Milwaukee, WI | $68,350,907 | $6,892,078 |
Medtronic Communities Foundation Minneapolis, MN | $54,271,830 | $230,239 |
General Mills Foundation Minneapolis, MN | $0 | -$304,053 |
J A Wedum Foundation Plymouth, MN | $141,295,178 | $28,441,684 |
Bader Philanthropies Inc Milwaukee, WI | $26,809,232 | $30,829,351 |