Bella Mente Quantum Racing Association
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 2025. As of 2025, the organization holds $76.5M in total assets. In 2025, it made $8.2M in qualifying distributions. Net investment income was $188K.
Bella Mente Quantum Racing Association at a glance
- Total assets
- $76,527,089
- +17.1% vs 2024
- Revenue (2025)
- $16,509,742
- -69.1% vs 2024
- Qualifying distributions (2025)
- $8,180,637
- -56.3% vs 2024
- Expenses (2025)
- $8,221,583
- -56.7% vs 2024
- Latest 990 filing
- Form 990-PF, 2025 View filing
Data from IRS Form 990-PF, 2025; updated October 2026.
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Financial History
Multi-year comparison from IRS filings
| Filing year | Total Assets | Revenue | Expenses | Qualifying Distributions | Net Investment Income |
|---|---|---|---|---|---|
| 2025 | $76,527,089 | $16,509,742 | $8,221,583 | $8,180,637 | $187,976 |
| 2024 | $65,377,667 | $53,373,971 | $18,967,828 | $18,740,282 | $15,154 |
| 2023 | $32,371,449 | $30,334,639 | $16,318,208 | $16,288,437 | — |
| 2022 | $23,061,407 | $4,698,861 | $21,140,478 | $21,140,478 | $200 |
| 2021 | $41,740,405 | $5,723,363 | $4,500,169 | $4,464,668 | $29,654 |
| 2020 | $37,979,320 | $50,085,670 | $33,708,380 | — | $56,929 |
Leadership & Key People
Officers and directors from IRS filings
Bella Mente Quantum Racing Association is led by Michael Cazer, Director & CEO since 2023 (on filings since 2021); 4 of 9 officers listed in 2025 are compensated.
Officers on the 2025 filing
Michael Cazer
Director & CEO
CEO → Director & CEO, 2023
On filings since 2021
20 hrs/week
$75K (2024) → $21K (2025)
Terry Hutchinson
Director of Sailing
CEO → Director of Sailing, 2021
On filings since 2020
40 hrs/week
$700K (2020) → $270K (2025)
Douglas DeVos
Director
On filings since 2020
5 hrs/week
No compensation reported
John Fauth
Director
On filings since 2020
5 hrs/week
No compensation reported
Phil Lotz
Director
On filings since 2020
5 hrs/week
No compensation reported
R Van Whisnand
Director
On filings since 2022
5 hrs/week
No compensation reported
William Ketcham
Director
On filings since 2022
5 hrs/week
No compensation reported
Ben Osborn
Treasurer
On filings since 2020
40 hrs/week
$100K (2020) → $110K (2025)
Tyson Lamond
COO
On filings since 2022
40 hrs/week
$258K (2022) → $174K (2025)
Former officers (6)
- Former: Rob Ouelette (2020–2021) — COO
- Former: Nicholas Thole (2021) — Assistant Treasurer
- Former: Sungjin Yoo (2021) — Secretary
- Former: Elizabeth Lauder (2020) — Assistant Secretary
- Former: Jeff Lambert (2020) — Assistant Treasurer
- Former: Richard McNeil (2020) — Secretary
Data from IRS Form 990 filings, 2020–2025. "On filings since" is the earliest filing we hold that lists the person; hours are average hours per week as reported.
Compensation Overview
From 2025 IRS filing
The highest reported compensation on the 2025 filing was $270K, to Terry Hutchinson (Director of Sailing). 4 officers or directors reported compensation on that filing.
Frequently asked questions about Bella Mente Quantum Racing Association
How large is Bella Mente Quantum Racing Association?
Bella Mente Quantum Racing Association reported $76.5M in total assets on its 2025 IRS Form 990-PF. Its revenue that year was $16.5M.
What is Bella Mente Quantum Racing Association?
Bella Mente Quantum Racing Association is a private foundation focused on Recreation & Sports, based in Minneapolis, MN. It holds $76.5M in total assets as of 2025.
What is Bella Mente Quantum Racing Association's EIN?
Bella Mente Quantum Racing Association's EIN (Employer Identification Number) is 82-2576323. IRS Form 990 filing data is available on this page for 2020–2025.
Data last updated October 2026. Sourced from IRS Form 990-PF filings.
Data update history
(7)
When this profile's IRS filing data changed on Grantable
- Updated Form 990-PF for fiscal year 2020 (received by the IRS August 25, 2021)
- Updated Form 990-PF for fiscal year 2021 (received by the IRS April 10, 2022)
- Updated Form 990-PF for fiscal year 2022 (received by the IRS April 21, 2023)
- Updated Form 990-PF for fiscal year 2023 (received by the IRS February 7, 2024)
- Updated Form 990-PF for fiscal year 2024 (received by the IRS February 14, 2025)
- Updated Form 990-PF for fiscal year 2025 (received by the IRS February 12, 2026)
- IRS filings on file for fiscal years 2020–2025
Live grants for the work Bella Mente Quantum Racing Association funds
Recreation & Sports Open opportunities, soonest deadline first.
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Bella Mente Quantum Racing Association down — hundreds of funders to go?