Bella Mente Quantum Racing Association is a private foundation focused on Recreation & Sports, based in MINNEAPOLIS, MN. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $65.4M in total assets. In 2024, it made $18.7M in qualifying distributions. Net investment income was $15K.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$65.4M
+102.0% YoY
Revenue
$53.4M
+76.0% YoY
Qualifying Distributions
$18.7M
+15.1% YoY
Expenses
$19.0M
+16.2% YoY
About Bella Mente Quantum Racing Association
Based on IRS filings
Bella Mente Quantum Racing Association is a private foundation focused on Recreation & Sports, based in MINNEAPOLIS, MN. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $65.4M in total assets. In 2024, it made $18.7M in qualifying distributions. Net investment income was $15K.
Focus Areas
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Financial History
Multi-year comparison from IRS filings
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $65,377,667 | $32,371,449 | $23,061,407 |
| Revenue | $53,373,971 | $30,334,639 | $4,698,861 |
| Expenses | $18,967,828 | $16,318,208 | $21,140,478 |
| Qualifying Distributions | $18,740,282 | $16,288,437 | $21,140,478 |
| Net Investment Income | $15,154 | — | $200 |
| Distributable Amount | — | — | — |
Giving Over Time
Total grant dollars and number of grants per year
Grant Insights
How this funder distributes its grants
Top Recipients
Top 0 recipients in 2024
Grant Size Distribution
0 grants across all recorded years
Giving History
Grant recipients and amounts by year
No grants recorded for .
Leadership & Key People
Officers and directors from IRS filings
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| WILLIAM KETCHAM | DIRECTOR | 5 | — |
| MICHAEL CAZER | DIRECTOR AND CEO | 20 | $74,788 |
| TERRY HUTCHINSON | DIRECTOR OF SAILING | 40 | $540,000 |
| BEN OSBORN | TREASURER | 40 | $108,333 |
| R VAN WHISNAND | DIRECTOR | 5 | — |
| TYSON LAMOND | COO | 40 | $258,000 |
| DOUGLAS DEVOS | DIRECTOR | 5 | — |
| JOHN FAUTH | DIRECTOR | 5 | — |
| PHIL LOTZ | DIRECTOR | 5 | — |
Subject Areas
Focus areas based on grantmaking activity
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Data last updated April 2026. Sourced from IRS Form 990-PF filings.
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