Albert Victor Ravenholt Fund
- Assets
- $7.3m
- Revenue
- $1.2m
- Investments
- $6.5m
- Employees
- 0
- Location
- Hanlontown, IA
- Founding
- 07/2011
- Data as of
- 12/2021
- 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 12/2021, Albert Victor Ravenholt Fund generated $1.2m in total revenue. This organization has experienced exceptional growth, as over the past 5 years, it has increased revenue by an average of 30.5% each year . All expenses for the organization totaled $559.6k during the year ending 12/2021. You can explore the organizations financials more deeply in the financial statements section below.
Since 2018, Albert Victor Ravenholt Fund has awarded 36 individual grants totaling $1,348,300. 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
2021
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 | |
Mark Ravenholt Vp/director | 1.25 | $5,000 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $153,633 |
| Net Rental Income | $12,973 |
| Net Gain on Sale of Assets | $989,074 |
| Capital Gain Net Income | $989,074 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $1,159,984 |
| 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 | $3,073 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $4,433 |
| Total operating and administrative expenses | $87,605 |
| Contributions, gifts, grants paid | $472,000 |
| Total expenses and disbursements | $559,605 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $86,723 |
| Savings and temporary cash investments | $704,289 |
| 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 | $12,170 |
| Total assets | $7,276,917 |
| 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 $472,000 in support to 15 organizations.
| Grant Recipient | Amount |
|---|---|
WASHINGTON STATE UNIVERSITY ELSON S FLOYD COLLEGE OF MEDICINE PURPOSE: ALBERT VICTOR RAVENHOLT FUND MOBILE CARE UNIT | $125,000 |
Minneapolis, MN PURPOSE: TO BE USED BY UM AS FOLLOWS: (I) $10K TO UM HEALTH FOODS HEALTHY LIVES; (II) $10K TO UM HORTICULTURAL SUMMER RESEARCH STIPEND; (III) $20K TO UM BEE AND POLLINATOR RESEARCH; (IV) $50K TO UM MOUNTAIN PINE BARK BEETLE RESEARCH | $90,000 |
Minneapolis, MN PURPOSE: SCHOLARSHIP TO PROMOTE CRITICAL MEDICAL CARE IN RURAL AREAS OF MINNESOTA AND WISCONSIN | $75,000 |
Elk Horn, IA PURPOSE: ENDOWMENT OF THE ALBERT RAVENHOLT CURATOR OF DANISH-AMERICAN CULTURE, AND ENDOWMENT OF DESIGNATED TRAVELING EXHIBITS | $50,000 |
CENTER FOR INFECTIOUS DISEASE RESEARCH AND POLICY AT UNIVERSITY OF MINN PURPOSE: FUNDING TO BE SPLIT BETWEEN THE OSTERHOLM CHAIR IN INFECTIOUS DISEASE RESEARCH OR THE CENTER FOR INFECTIOUS DISEASE RESEARCH AND POLICY ENDOWED PROGRAM FUND | $40,000 |
WATER MISSION PURPOSE: IN RESPONSE TO EARTHQUAKE IN HAITI | $20,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
International Childrens Fund Inc Neenah, WI | $1,153,019 | $79,562,043 |
Pritzker Family Foundation Chicago, IL | $156,116,781 | $25,309,600 |
Ghr Foundation Minneapolis, MN | $0 | $118,752,892 |
James S Mcdonnell Foundation St Louis, MO | $496,119,714 | $80,243,658 |
Patterson Family Foundation Kansas City, MO | $1,526,002,008 | $1,174,628,172 |
Paul M Angell Family Foundation Chicago, IL | $1,816,327 | $24,997,411 |
Alfred And Isabel Bader 2014 Charitable Trust Milwaukee, WI | $88,717,556 | $62,553,918 |
Anthony Pritzker Fam Foundation Chicago, IL | $0 | $37,184,888 |
Goodman Family Operating Foundation Chaska, MN | $298,216,479 | $15,439,155 |
Robert And Adele Schiff Family Foundation Inc Milwaukee, WI | $226,331,394 | $18,541,997 |
Paula And Rodger Riney Foundation St Louis, MO | $118,536,395 | $1,770,419 |
Wca Foundation C/O The Minneapolis Foundation Minneapolis, MN | $0 | $1,050,329 |