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Bella Mente Quantum Racing Association is a private corporation based in MINNESAPOLIOS, MN. The foundation received its IRS ruling in 2023. The principal officer is % Board Of Directors. It holds total assets of $65.4M. Annual income is reported at $53.4M. BMQRA is organized and operated as a qualified amateur sports organization. BMQRA is focused on the development and support of a team to participate in the America's Cup and the Challenger Selection Series that lead to the Cup. Contributions to this foundation are tax-deductible.
BMQRA is organized and operated as a qualified amateur sports organization. BMQRA is focused on the development and support of a team to participate in the America's Cup and the Challenger Selection Series that lead to the Cup.
Expenses: $16.3M
BMQRA is organized and operated as a qualified amateur sports organization. BMQRA is focused on the development and support of a team to participate in the America's Cup and the Challenger Selection Series that lead to the Cup.
Bella Mente Quantum Racing Association typically selects its grantees rather than accepting unsolicited proposals.
Bella Mente Quantum Racing Association is headquartered in MINNESAPOLIOS, MN.
| Name | Title | Compensation | Benefits | Total |
|---|---|---|---|---|
| Terry Hutchinson | Director of Sailing | $309K | $0 | $309K |
| Tyson Lamond | COO | $121K | $0 | $121K |
| Ben Osborn | Treasurer | $50K | $0 | $50K |
| Michael Cazer | Director and CEO | $0 | $0 | $0 |
| William Ketcham | Director | $0 | $0 | $0 |
Total Giving
$21.1M
Total Assets
$23.1M
Fair Market Value
$23.1M
Net Worth
$16M
Grants Paid
$0
Contributions
$32M
Net Investment Income
$200
Distribution Amount
$0
Other foundations that have funded Bella Mente Quantum Racing Association.
| Funder | Amount | Year | Purpose |
|---|---|---|---|
| James M Schoonmaker Ii Foundation | $3.3M | 2023 | GENERAL |
| Lotz Family Foundation | $50K | 2021 | TO IMPROVE THE QUALITY OF COMPETITIVE SAILING IN THE UNITED STATES THROUGH YOUTH DEVELOPMENT |
| Green River Foundation | $25K | 2021 | General Charitable Purposes |
| Gubelmann Family Foundation Inc. | $15K | 2021 | GENERAL OPERATIONS |
COLUMBIANA, OH
CHAPEL HILL, NC
PROVIDENCE, RI
BOISE, ID
| Phil Lotz |
| Director |
| $0 |
| $0 |
| $0 |
| R Van Whisnand | Director | $0 | $0 | $0 |
| Douglas Devos | Director | $0 | $0 | $0 |
| John Fauth | Director | $0 | $0 | $0 |
| Gubelmann Family Foundation Inc. |
| $15K |
| 2021 |
| GENERAL OPERATIONS |
| The William H Pitt Iii Foundation Inc. | $10K | 2021 | GENERAL |
| M Holt Massey Charitable Trust | $1K | 2021 | PRIMARY PURPOSE OF THE FOUNDATION TO MEET IRS MINIMUM DISTRIBUTION |
| Carlson Family Foundation Inc. | $500 | 2021 | MATCHING GRANT |
| Francis And Kathleen Rooney Foundation | $75K | 2020 | GENERAL FUND |
| Herb Chambers Charitable Foundation Inc. | $50K | 2020 | General Operations |
| Royce Family Fund Inc. | $50K | 2020 | GENERAL PURPOSES |
| The Emily Hall Tremaine Foundation Inc. | $10K | 2020 | GENERAL OPERATING SUPPORT |
| The Phffoundation Inc. | $5K | 2020 | GENERAL PURPOSE |
| Hutton Family Foundation | $3K | 2020 | SEE STATEMENT A |
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