The V Kann Rasmussen Foundation Inc
- Assets
- $97.9m
- Revenue
- $4.9m
- Investments
- $90.9m
- Employees
- 0
- Location
- New York, NY
- Founding
- 08/2014
- Data as of
- 06/2022
- EIN
- 46-2283123
Organization Overview
The V Kann Rasmussen Foundation Inc is located in New York, NY. The organization was established in 2014. 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. V Kann Rasmussen Foundation Inc 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 06/2022, V Kann Rasmussen Foundation Inc generated $4.9m in total revenue. This organization has experienced exceptional growth, as over the past 3 years, it has increased revenue by an average of 24.0% each year . All expenses for the organization totaled $9.5m during the year ending 06/2022. While expenses have increased by 12.2% per year over the past 3 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, V Kann Rasmussen Foundation Inc has awarded 160 individual grants totaling $60,609,859. 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 |
|---|---|---|---|
Astrid Kann-Rasmussen Trustee And Board Chairman | 2 | $7,000 | |
Hans Kann Rasmussen Trustee & Vice Chair - Term End 07/21 | 0.1 | $0 | |
Kristian Kann Rasmussen Trustee | 1 | $7,000 | |
Dr Lois Eh Smith Porter Trustee And Treasurer - Term End 07/21 | 0.1 | $0 | |
Andrew Bowman Trustee And Treasurer | 2 | $20,000 | |
Kristian Cedervall Lauta Trustee - Term Start 07/21 | 1 | $7,000 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Cambridge Associates | 6/29/22 | $272,648 |
Pkf O'connor Davies Llp | 6/29/22 | $56,000 |
Meridian Institute | 6/29/22 | $65,826 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $403,521 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $4,449,499 |
| Capital Gain Net Income | $10,042,430 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $545 |
| Total Revenue | $4,853,565 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $51,000 |
| Other employee salaries and wages | $296,280 |
| Pension plans, employee benefits | $113,551 |
| Interest | $0 |
| Taxes | $53,836 |
| Depreciation | $0 |
| Occupancy | $78,388 |
| Travel, conferences, and meetings | $586,666 |
| Printing and publications | $475 |
| Other expenses | $97,779 |
| Total operating and administrative expenses | $1,834,287 |
| Contributions, gifts, grants paid | $7,713,112 |
| Total expenses and disbursements | $9,547,399 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,826,485 |
| Savings and temporary cash investments | $4,974,210 |
| 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 | $200,000 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $74,965,928 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $97,895,330 |
| 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, The V Kann Rasmussen Foundation Inc has awarded $15,680,343 in support to 30 organizations.
| Grant Recipient | Amount |
|---|---|
350ORG PURPOSE: CORE FUNDING | $150,000 |
BIODIVERSITY FUNDERS GROUP (BFG) PURPOSE: MEMBERSHIP DUES 2021-2022 | $10,000 |
CARNEGIE COUNCIL FUND PURPOSE: TO SUPPORT A SENIOR-LEVEL CONSULTANT WORKING TO SECURE GOVERNMENT FUNDING | $275,338 |
CONFLUENCE PHILANTHROPY PURPOSE: PRACTITIONER MEMBERSHIP FOR 2020-2021 | $5,000 |
EVOLUTION INSTITUTE PURPOSE: IN SUPPORT OF THE CONSEQUENCES OF CRISIS PROJECT; SESHAT GLOBAL HISTORY DATABANK | $135,253 |
GLOBAL ECOVILLAGE NETWORK INTERNATIONAL PURPOSE: IN SUPPORT OF THE ECOVILLAGES 2.5+ PROJECT | $531,809 |