Manitou Fund
- Assets
- $738.6m
- Revenue
- $33.2m
- Investments
- $567.6m
- Employees
- 0
- Location
- White Bear Lake, MN
- Founding
- 05/1966
- Data as of
- 12/2023
- EIN
- 41-6055113
Organization Overview
Manitou Fund is located in White Bear Lake, MN. The organization was established in 1966. 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. Manitou 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 12/2023, Manitou Fund generated $33.2m in total revenue. This organization has experienced exceptional growth, as over the past 8 years, it has increased revenue by an average of 46.5% each year . All expenses for the organization totaled $268.6m during the year ending 12/2023. You can explore the organizations financials more deeply in the financial statements section below.
Since 2019, Manitou Fund has awarded 1,301 individual grants totaling $154,891,194. 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.
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Oliver Din President & CEO | 60 | $750,000 | |
Greg Mcneely Chief Program Officer | 40 | $350,000 | |
Kevin Mcneely Chief Program Officer | 40 | $165,801 | |
Nora Mcneely Hurley Chief Program Officer | 40 | $350,000 | |
Brian Ketchel It Systems Manager | 40 | $96,000 | |
Heather Din Operations Manager | 40 | $95,000 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Td Ameritrade | 12/30/23 | $785,246 |
Advocatesgood Llc | 12/30/23 | $134,400 |
James J Mittermiller | 12/30/23 | $80,000 |
Dorsey & Whitney Llp | 12/30/23 | $462,229 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $30,358,234 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $2,824,665 |
| Capital Gain Net Income | $2,824,665 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $33,182,899 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $1,615,801 |
| Other employee salaries and wages | $109,669 |
| Pension plans, employee benefits | $127,465 |
| Interest | $0 |
| Taxes | $424,000 |
| Depreciation | $0 |
| Occupancy | $289,535 |
| Travel, conferences, and meetings | $23,081 |
| Printing and publications | $0 |
| Other expenses | $255,810 |
| Total operating and administrative expenses | $4,457,292 |
| Contributions, gifts, grants paid | $264,145,806 |
| Total expenses and disbursements | $268,603,098 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $210,959 |
| Savings and temporary cash investments | $135,906,835 |
| 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 | $267,136,223 |
| Net Land, buildings, and equipment | $34,864,192 |
| Other assets | $0 |
| Total assets | $738,602,329 |
| 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 | $336,800 |
| Total liabilities | $336,800 |
Grants Awarded
Over the last fiscal year, Manitou Fund has awarded $38,534,705 in support to 219 organizations.
| Grant Recipient | Amount |
|---|---|
A PURPOSEFUL RESCUE INC PURPOSE: GENERAL OPERATING | $25,000 |
18TH ST ARTS COMPLEX PURPOSE: UKRAINE FILM FESTIVAL & ART GENERAL OPERATING | $25,000 |
ACADEMY FOUNDATION PURPOSE: GENERAL OPERATING | $25,000 |
AFRICAN WOMEN RISING PURPOSE: GENERAL OPERATING | $25,000 |
AHA ATTITUDE HARMONY ACHIEVEMENT PURPOSE: GENERAL OPERATING | $25,000 |
AIM FOR MENTAL HEALTH INC PURPOSE: GENERAL OPERATING | $75,000 |