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Bella Mente Quantum Racing Association is a private corporation based in MINNEAPOLIS, MN. The foundation received its IRS ruling in 2023. The principal officer is Board Of Directors. It holds total assets of $76.5M. Annual income is reported at $16.7M. The foundation is governed by 9 officers and trustees. 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. According to its most recent filing, the foundation only makes contributions to preselected charitable organizations. Tax records are available from 2020 to 2023. 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 MINNEAPOLIS, 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 | N/A |
| William Ketcham | Director | $0 | $0 | N/A |
| Phil Lotz | Director | $0 | $0 | N/A |
| R Van Whisnand | Director | $0 | $0 | N/A |
| Douglas Devos | Director | $0 | $0 | N/A |
| John Fauth | Director | $0 | $0 | N/A |
Total Giving
$21.1M
Total Assets
$23.1M
Fair Market Value
$23.1M
Net Worth
$16M
Grants Paid
N/A
Contributions
$32M
Net Investment Income
$200
Distribution Amount
N/A
No individual grant records are available. Visit the foundation's 990-PF filings below for detailed grantee information.