Prime The Pump Fund
- Assets
- $4.6m
- Revenue
- $145.0k
- Investments
- $0.0
- Employees
- 0
- Location
- Willmar, MN
- Founding
- 03/2015
- Data as of
- 12/2023
- EIN
- 46-5683903
Organization Overview
Prime The Pump Fund is located in Willmar, MN. The organization was established in 2015. According to its NTEE Classification (S41) the organization is classified as: Chambers of Commerce & Business Leagues, under the broad grouping of Community Improvement & Capacity Building and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Prime The Pump Fund is a 501(c)(6) and as such, is described as a "Business League, Chambers of Commerce, or Real Estate Board" by the IRS.
For the year ending 12/2023, Prime The Pump Fund generated $145.0k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 9 years, the organization has seen revenues fall by an average of (37.4%) each year. All expenses for the organization totaled $97.4k during the year ending 12/2023. As we would expect to see with falling revenues, expenses have declined by (34.3%) per year over the past 9 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Prime The Pump Fund has awarded 42 individual grants totaling $77,575,447. 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
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
THE ORGANIZATIONS PURPOSE IS TO FACILITATE THE DEVELOPMENT OF THE INFRASTRUCTURE FOR RETAIL AND WHOLESALE DISTRIBUTION OF HIGHER BLENDS OF A CLEANER, RENEWABLE FUEL TO BENEFIT THE ENVIRONMENT, ECONOMY, AND ENERGY SECURITY OF THE UNITED STATES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
IMPROVED MARKET ACCESS AND CONSUMER ACCEPTANCE OF E15 GASOLINE AND ETHANOL BLEND ("E15"), FLEX FUEL PUMPS, FLEX FUEL VEHICLES AND MID-LEVEL ETHANOL BLENDS, FURTHERING ETHANOL'S MARKET PENETRATION AND PROVIDING U.S CONSUMERS WITH GREATER FUEL CHOICES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Ray Bradbury Board Member | Officer | 1 | $0 |
Klay Gross Chairman | Officer | 1 | $0 |
Devin Mogler Board Member | Officer | 1 | $0 |
David Zimmerman Board Member | Officer | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $0 |
| Investment income | $145,033 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $145,033 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $93,448 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $3,928 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $40 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $97,416 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $4,369,069 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $250,000 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $4,619,069 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $0 |
| Net assets without donor restrictions | $4,619,069 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $4,619,069 |
Grants Awarded
Over the last fiscal year, Prime The Pump Fund has awarded $1,040,229 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
KWIK TRIP INC PURPOSE: IMPROVE GRANT ACCESS | $500,000 |
CASEY'S GENERAL STORES PURPOSE: IMPROVE GRANT ACCESS | $540,229 |