Manitou Fund
- Assets
- $1.0b
- Revenue
- $40.9m
- Investments
- $924.0m
- Employees
- 0
- Location
- White Bear Lake, MN
- Founding
- 05/1966
- Data as of
- 12/2021
- 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 12/2021, Manitou Fund generated $40.9m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 28.5% each year . All expenses for the organization totaled $36.9m during the year ending 12/2021. You can explore the organizations financials more deeply in the financial statements section below.
Since 2019, Manitou Fund has awarded 815 individual grants totaling $82,361,489. 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 Director/president/ceo | 55 | $550,000 | |
Kevin Mcneely Director/chief Program Officer | 40 | $300,000 | |
Greg Mcneely Director/chief Program Officer | 40 | $300,000 | |
Nora Mcneely Hurley Director/chief Program Officer | 40 | $300,000 | |
Brian Ketchel It Systems Manager | 40 | $90,000 | |
Heather Din Operations Manager | 40 | $83,000 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Thomas Rollerson | 12/30/21 | $134,400 |
James J Mittermiller | 12/30/21 | $120,000 |
Frank Van Dyke Judson | 12/30/21 | $120,000 |
Kdp Consulting Llc | 12/30/21 | $68,333 |
Marcelle Hinand | 12/30/21 | $54,000 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $10,000,000 |
| Interest on Savings | $0 |
| Dividends & Interest | $13,587,883 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $16,626,595 |
| Capital Gain Net Income | $16,807,516 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $668,144 |
| Total Revenue | $40,882,622 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $1,450,000 |
| Other employee salaries and wages | $321,000 |
| Pension plans, employee benefits | $336,684 |
| Interest | $0 |
| Taxes | $102,389 |
| Depreciation | $0 |
| Occupancy | $233,154 |
| Travel, conferences, and meetings | $293,791 |
| Printing and publications | $0 |
| Other expenses | $329,315 |
| Total operating and administrative expenses | $4,862,125 |
| Contributions, gifts, grants paid | $32,003,686 |
| Total expenses and disbursements | $36,865,811 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $390,618 |
| Savings and temporary cash investments | $69,152,707 |
| 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 | $34,402,700 |
| Net Land, buildings, and equipment | $10,029,046 |
| Other assets | $0 |
| Total assets | $1,003,593,689 |
| 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 | $1,243,951 |
| Total liabilities | $1,243,951 |
Grants Awarded
Over the last fiscal year, Manitou Fund has awarded $32,003,686 in support to 298 organizations.
| Grant Recipient | Amount |
|---|---|
SCHWAB CHARITABLE PURPOSE: CHARITABLE GIFTS | $2,763,686 |
FRANKLIN UNIVERSITY SWITZERLAND PURPOSE: GENERAL SUPPORT - SCHOLARSHIPS | $2,000,000 |
Minneapolis, MN PURPOSE: BEE RESEARCH LAB: BEE SQUAD | $1,500,000 |
Summerland, CA PURPOSE: SUMMERLAND FARM | $1,500,000 |
White Bear Lake, MN PURPOSE: START RIGHT PROGRAM | $1,000,000 |
FRANKLIN UNIVERSITY SWITZERLAND PURPOSE: GARDEN PROJECT & HAPPINESS ENDOWED PROFESSORSHIP | $875,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Otto Bremer Trust St Paul, MN | $1,543,197,073 | $135,875,116 |
The Robert D And Patricia E Kern Family Foundation Inc Waukesha, WI | $717,991,169 | $43,480,423 |
The Richard M Schulze Family Foundation Minneapolis, MN | $250,424,427 | $45,882,285 |
Fred C And Katherine B Andersen Foundation Bayport, MN | $1,210,701,778 | $63,445,932 |
Manitou Fund White Bear Lake, MN | $1,003,593,689 | $40,882,622 |
Lynne & Andrew Redleaf Foundation Minneapolis, MN | $127,717,345 | $981,960 |
Northwest Area Foundation St Paul, MN | $512,755,007 | $38,144,816 |
U S Bancorp Foundation Milwaukee, WI | $68,350,907 | $6,892,078 |
Medtronic Communities Foundation Minneapolis, MN | $54,271,830 | $230,239 |
General Mills Foundation Minneapolis, MN | $0 | -$304,053 |
J A Wedum Foundation Plymouth, MN | $141,295,178 | $28,441,684 |
Bader Philanthropies Inc Milwaukee, WI | $26,809,232 | $30,829,351 |