Albert Victor Ravenholt Fund
- Assets
- $7.1m
- Revenue
- $414.2k
- Investments
- $5.1m
- Employees
- 0
- Location
- Hanlontown, IA
- Founding
- 07/2011
- Data as of
- 12/2022
- EIN
- 80-0656106
Organization Overview
Albert Victor Ravenholt Fund is located in Hanlontown, IA. The organization was established in 2011. According to its NTEE Classification (T22) the organization is classified as: Private Independent 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. Albert Victor Ravenholt 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 12/2022, Albert Victor Ravenholt Fund generated $414.2k in total revenue. This organization has experienced exceptional growth, as over the past 5 years, it has increased revenue by an average of 10.9% each year . All expenses for the organization totaled $587.5k during the year ending 12/2022. While expenses have increased by 4.1% 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 2018, Albert Victor Ravenholt Fund has awarded 51 individual grants totaling $2,412,300. 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.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2022
Describe the Organization's Program Activity:
Part 3 - Line 4a
N/A
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Ann Bokelman President/director | 1.75 | $5,000 | |
Eric Nussle Sec/treas/dir | 1.5 | $5,000 | |
Jane Ellingson Vice President/dir | 1.25 | $5,000 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $133,120 |
| Net Rental Income | $21,241 |
| Net Gain on Sale of Assets | $253,011 |
| Capital Gain Net Income | $253,011 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $414,209 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $15,000 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $16,502 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $6,935 |
| Total operating and administrative expenses | $103,541 |
| Contributions, gifts, grants paid | $484,000 |
| Total expenses and disbursements | $587,541 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $106,226 |
| Savings and temporary cash investments | $1,869,759 |
| 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 | $32,834 |
| Total assets | $7,103,585 |
| 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, Albert Victor Ravenholt Fund has awarded $1,064,000 in support to 15 organizations.
| Grant Recipient | Amount |
|---|---|
DANISH IMMIGRANT MUSEUM PURPOSE: ENDOWMENT OF THE ALBERT RAVENHOLT CURATOR OF DANISH-AMERICAN CULTURE, AND ENDOWMENT OF DESIGNATED TRAVELING EXHIBITS | $50,000 |
LUCK ALUMNI SCHOLARSHIP FOUNDATION INC PURPOSE: ANNUAL SCHOLARSHIPS | $1,000 |
KINSHIP OF POLK COUNTY PURPOSE: SUPPORT DELIVERY OF SERVICES TO TARGETED YOUTH IN POLK COUNTY, WISCONSIN | $10,000 |
CENTER FOR DISASTER PHILANTHROPY PURPOSE: HUMANITARIAN RELIEF IN UKRAINE | $20,000 |
MICHAEL J FOX FOUNDATION FOR PARKINSONS RESEARCH PURPOSE: GENERAL SUPPORT | $25,000 |
UNITED PIONEER HOME PURPOSE: ASSIST WITH PURCHASE OF A FACILITY TRANSPORTATION VEHICLE | $18,000 |