Manitou Fund
- Assets
- $984.0m
- Revenue
- $969.8m
- Investments
- $976.0m
- Employees
- 0
- Location
- White Bear Lake, MN
- Founding
- 05/1966
- Data as of
- 12/2019
- 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.
For the year ending 12/2019, Manitou Fund generated $969.8m in total revenue. All expenses for the organization totaled $29.5m during the year ending 12/2019. While expenses have increased by 84.8% per year over the past 5 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 2019, Manitou Fund has awarded 233 individual grants totaling $25,427,034. 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 Trustee/president/ceo | 40 | $412,500 | |
Kevin Mcneely Trustee/chief Program Officer | 40 | $225,000 | |
Greg Mcneely Trustee/chief Program Officer | 40 | $225,000 | |
Nora Mcneely Hurley Trustee/chief Program Officer | 40 | $225,000 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Ketchel Tech Services Llc | 12/30/19 | $67,034 |
Thomas Rollerson | 12/30/19 | $91,701 |
Robins Kaplan | 12/30/19 | $299,607 |
Kdp Consulting Llc | 12/30/19 | $50,000 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $947,183,238 |
| Interest on Savings | $543 |
| Dividends & Interest | $22,121,434 |
| Net Rental Income | $1,190 |
| Net Gain on Sale of Assets | -$364,492 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $878,687 |
| Total Revenue | $969,820,600 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $1,087,500 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $168,624 |
| Interest | $0 |
| Taxes | $43,092 |
| Depreciation | $0 |
| Occupancy | $32,604 |
| Travel, conferences, and meetings | $260,133 |
| Printing and publications | $0 |
| Other expenses | $413,611 |
| Total operating and administrative expenses | $4,092,969 |
| Contributions, gifts, grants paid | $25,427,034 |
| Total expenses and disbursements | $29,520,003 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $864,825 |
| Net Accounts receivable | $520 |
| 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 | $29,444,315 |
| Net Land, buildings, and equipment | $7,118,779 |
| Other assets | $15,000 |
| Total assets | $984,047,898 |
| 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, Manitou Fund has awarded $25,427,034 in support to 233 organizations.
| Grant Recipient | Amount |
|---|---|
SCHWAB CHARITABLE GIFT FUND PURPOSE: CHARITABLE GIFTS | $3,996,034 |
FRANKLIN UNIVERSITY SWITZERLAND PURPOSE: CAPITAL CAMPAIGN AND PROGRAM SUPPORT GRANT | $2,900,000 |
GANNA WALSKA LOTUSLAND PURPOSE: JAPANESE GARDEN RENOVATION AND ENDOWMENT FUND | $1,500,000 |
Duluth, MN PURPOSE: NURSING SIMULATION LABORATORIES, CONCEPTUAL DESIGN FOR A NEW STUDENT CENTER, AND WARNER SERIES | $1,125,000 |
Saint Paul, MN PURPOSE: GENERAL SUPPORT AND ENVIRONMENTAL PROGRAMS | $1,000,000 |
Santa Barbara, CA PURPOSE: PROGRAM SPECIFIC | $1,000,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Otto Bremer Trust St Paul, MN | $1,347,640,816 | $94,804,638 |
The Richard M Schulze Family Foundation Minneapolis, MN | $248,694,629 | $165,153,269 |
Medtronic Communities Foundation Minneapolis, MN | $139,693,396 | $82,177,681 |
Northwest Area Foundation St Paul, MN | $476,449,216 | $15,069,261 |
Manitou Fund White Bear Lake, MN | $984,047,898 | $969,820,600 |
Richard O Jacobson Foundation Inc Des Moines, IA | $0 | $21,500,018 |
J A Wedum Foundation Minneapolis, MN | $132,054,818 | $56,321,347 |
Lunda Charitable Fund Inc Black River Falls, WI | $54,780,973 | $2,553,689 |
Target Foundation Minneapolis, MN | $17,816,807 | $22,990,908 |
Herbert H Kohl Charities Inc Milwaukee, WI | $0 | $4,457,488 |
3m Foundation St Paul, MN | $14,130,445 | $13,263,360 |
Joseph And Vera Zilber Charitable Foundation Inc Milwaukee, WI | $222,792,049 | $14,759,051 |