Rum Fund
- Assets
- $3.1m
- Revenue
- $196.6k
- Investments
- $3.1m
- Employees
- 0
- Location
- Wayzata, MN
- Founding
- 08/1999
- Data as of
- 12/2022
- 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 12/2022, Rum Fund generated $196.6k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 4 years, the organization has seen revenues fall by an average of (35.7%) each year. All expenses for the organization totaled $589.3k during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2020, Rum Fund has awarded 133 individual grants totaling $1,764,860. 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 | $141,715 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $54,692 |
| Capital Gain Net Income | $54,692 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $157 |
| Total Revenue | $196,564 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $0 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $126 |
| Total operating and administrative expenses | $26,237 |
| Contributions, gifts, grants paid | $563,112 |
| Total expenses and disbursements | $589,349 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $52,251 |
| 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 | $1,496 |
| Total assets | $3,112,634 |
| 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 $563,112 in support to 47 organizations.
| Grant Recipient | Amount |
|---|---|
ALZHEIMERS ASSOCIATION PURPOSE: GENERAL OPERATIONS | $26,950 |
AMERICAN HEART ASSOCIATION PURPOSE: GENERAL OPERATIONS | $150 |
AMERICAN JEWISH JOINT DISTRIBUTION CTE INC PURPOSE: GENERAL OPERATIONS | $5,000 |
CENTER FOR SCIENCE AND PUBLIC INTEREST PURPOSE: GENERAL OPERATIONS | $75 |
CHILDREN'S THEATRE COMPANY PURPOSE: AUCTION HARMONY | $650 |
CHILDREN'S THEATRE COMPANY PURPOSE: CAPITAL CAMPAIGN | $22,500 |