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Anne Ray Foundation

  • Eden Prairie, MN
  • Tax-exempt since Dec. 2014
  • EIN: 47-1036008

Organization summary

Type of Nonprofit

Designated as a Organizations for any of the following purposes: religious, educational, charitable, scientific, literary, testing for public safety, fostering national or international amateur sports competition (as long as it doesn't provide athletic facilities or equipment), or the prevention of cruelty to children or animals.

Category: Philanthropy, Voluntarism and Grantmaking Foundations / Public Foundations (NTEE)

Donations to this organization are tax deductible.

Details

According to its Dec. 2022 tax filing, this nonprofit:

Provided first-class or charter travel
Organization provided first-class or charter travel to key employees or officers. Details are reported on Schedule J.

Summary charts: organization finances over time

Revenue
−$82.6M (2022)

Expenses
$182M (2022)

Total Assets
$4.75B (2022)

Total Liabilities
$152M (2022)

Source: Form 990 tax filings from 2014 to 2022

Tax Filings by Year

Form 990 is an information return that most organizations claiming federal tax-exempt status must file yearly with the IRS. Nonprofit Explorer has IRS digitized Form 990 data for filings processed in 2012 and later. If this organization filed an amended return, it may not be reflected below. Duplicate download links may indicate a resubmission or amendment to this organization's original return. Form 990 data is from the IRS.

Fiscal Year Ending Dec.
2022

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
-$82,596,152
Expenses
$182,387,086
Net Income
-$264,983,238
Net Assets
$4,602,068,332
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $0
Investment Income $99,640,269
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets -$186,947,399
Net Inventory Sales $0
Other Revenue $4,710,978
Notable Expenses Percent of Total Expenses
Executive Compensation $1,549,004
0.8%
Professional Fundraising Fees $0
Other Salaries and Wages $12,480,268
6.8%
Assets/Debt
Total Assets $4,754,280,284
Total Liabilities $152,211,952
Net Assets $4,602,068,332
Other
Provided first-class or charter travel
Compensation
Key Employees and Officers Compensation Related Other
Christine Morse (Board Chair) $77,500 $65,000 $0
Right Reverend John Chane (Director) $58,500 $41,000 $0
Win Neuger (Director) $45,250 $45,250 $0
Stuart Tobisman (Director) $0 $0 $0
Paul Busch (Director/Pres & Ceo) $0 $1,013,038 $166,451
Naomi Horsager (Treasurer/Cfo) $0 $579,519 $122,741
Heather Kukla (Secretary/Vp & Gen Counsel) $0 $573,661 $123,311
Terrence Meersman (Vp Of Programs (Thru 11/30/22)) $0 $535,855 $95,566
Kurian Thomas (Vp Of Programs (Beginning 8/15/22)) $0 $178,436 $51,863
Shawn Wischmeier (Chief Investment Officer) $0 $1,702,322 $274,225
Matthew Minnis (Investment Director) $0 $750,908 $133,675
Rodney Overcash (Investment Director) $0 $789,544 $150,377
Michael Ruetz (Deputy Cio/Investment Dir.) $0 $952,252 $172,142
Tricia Scrivner (Investment Director) $0 $770,803 $137,098
Christopher Vogt (Investment Director) $0 $783,321 $150,814
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Document Links

990
Filed on Nov. 10, 2023

Primary tax return for a nonprofit’s activities, finances, and governance

View Filing
PDF XML
990-T

For unrelated business income from activities not substantially related to the organization's tax-exempt purpose

PDF

Fiscal Year Ending Dec.
2021

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$429,038,165
Expenses
$189,028,867
Net Income
$240,009,298
Net Assets
$5,359,902,747
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $0
Investment Income $96,059,723
22.4%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $330,584,685
77.1%
Net Inventory Sales $0
Other Revenue $2,393,757
0.6%
Notable Expenses Percent of Total Expenses
Executive Compensation $1,498,362
0.8%
Professional Fundraising Fees $0
Other Salaries and Wages $10,327,097
5.5%
Assets/Debt
Total Assets $5,492,759,345
Total Liabilities $132,856,598
Net Assets $5,359,902,747
Compensation
Key Employees and Officers Compensation Related Other
Christine Morse (Board Chair) $69,000 $58,000 $0
Right Reverend John Chane (Director) $52,500 $38,500 $0
Win Neuger (Director) $39,000 $39,000 $0
Paul Busch (Director/Pres & Ceo) $0 $991,680 $160,679
Stuart Tobisman (Director) $0 $0 $0
Naomi Horsager (Treasurer/Cfo) $0 $573,810 $117,604
Heather Kukla (Secretary/Vp & Gen Counsel) $0 $573,321 $117,899
Terrence Meersman (Vp Of Programs) $0 $566,689 $107,019
Shawn Wischmeier (Chief Investment Officer) $0 $1,438,927 $234,076
Michael Ruetz (Deputy Cio/Investment Dir.) $0 $823,806 $151,035
Matthew Minnis (Investment Director) $0 $626,939 $114,309
Rodney Overcash (Investment Director) $0 $689,572 $132,195
Tricia Scrivner (Investment Director) $0 $703,489 $118,661
Christopher Vogt (Investment Director) $0 $677,655 $132,544
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Document Links

990
Filed on Nov. 14, 2022

Primary tax return for a nonprofit’s activities, finances, and governance

View Filing
PDF XML
990-T

For unrelated business income from activities not substantially related to the organization's tax-exempt purpose

PDF
PDF (2 of 2)

Fiscal Year Ending Dec.
2020

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$390,628,330
Expenses
$157,989,938
Net Income
$232,638,392
Net Assets
$4,718,254,644
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $0
Investment Income $67,180,937
17.2%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $365,087,581
93.5%
Net Inventory Sales $0
Other Revenue -$41,640,188
Notable Expenses Percent of Total Expenses
Executive Compensation $1,600,671
1.0%
Professional Fundraising Fees $0
Other Salaries and Wages $10,292,408
6.5%
Assets/Debt
Total Assets $4,822,543,908
Total Liabilities $104,289,264
Net Assets $4,718,254,644
Other
Provided first-class or charter travel
Compensation
Key Employees and Officers Compensation Related Other
Christine Morse (Board Chair) $66,500 $56,500 $0
Right Reverend John Chane (Director) $51,500 $37,500 $0
Win Neuger (Director) $39,000 $41,000 $0
Paul Busch (Director/Pres & Ceo) $0 $1,295,780 $155,210
Stuart Tobisman (Director) $0 $0 $0
Naomi Horsager (Treasurer/Cfo) $0 $547,002 $113,362
Heather Kukla (Secretary/Vp & Gen Counsel) $0 $546,739 $111,908
Terrence Meersman (Vp Of Programs) $0 $568,436 $103,392
Shawn Wischmeier (Chief Investment Officer) $0 $1,501,714 $245,056
Michael Ruetz (Deputy Cio/Investment Dir.) $0 $836,558 $151,856
Matthew Minnis (Investment Director) $0 $611,964 $114,619
Rodney Overcash (Investment Director) $0 $711,491 $134,401
Tricia Scrivner (Investment Director) $0 $701,266 $121,780
Christopher Vogt (Investment Director) $0 $691,353 $133,399
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Document Links

990
Filed on Nov. 11, 2021

Primary tax return for a nonprofit’s activities, finances, and governance

View Filing
XML
990-T

For unrelated business income from activities not substantially related to the organization's tax-exempt purpose

PDF

Fiscal Year Ending Dec.
2019

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$231,700,650
Expenses
$182,724,904
Net Income
$48,975,746
Net Assets
$4,363,836,498
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $0
Investment Income $78,558,473
33.9%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $152,472,361
65.8%
Net Inventory Sales $0
Other Revenue $669,816
0.3%
Notable Expenses Percent of Total Expenses
Executive Compensation $1,372,863
0.8%
Professional Fundraising Fees $0
Other Salaries and Wages $9,791,593
5.4%
Assets/Debt
Total Assets $4,468,703,325
Total Liabilities $104,866,827
Net Assets $4,363,836,498

Document Links

990

Primary tax return for a nonprofit’s activities, finances, and governance

PDF
990-T

For unrelated business income from activities not substantially related to the organization's tax-exempt purpose

PDF

Fiscal Year Ending Dec.
2018

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$201,514,587
Expenses
$219,819,940
Net Income
-$18,305,353
Net Assets
$3,985,561,664
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $0
Investment Income $85,146,003
42.3%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $85,794,937
42.6%
Net Inventory Sales $0
Other Revenue $30,573,647
15.2%
Notable Expenses Percent of Total Expenses
Executive Compensation $1,549,102
0.7%
Professional Fundraising Fees $0
Other Salaries and Wages $7,169,072
3.3%
Assets/Debt
Total Assets $4,057,577,434
Total Liabilities $72,015,770
Net Assets $3,985,561,664

Document Links

990

Primary tax return for a nonprofit’s activities, finances, and governance

PDF
990-T

For unrelated business income from activities not substantially related to the organization's tax-exempt purpose

PDF

Fiscal Year Ending Dec.
2017

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$279,364,472
Expenses
$210,951,872
Net Income
$68,412,600
Net Assets
$4,236,002,245
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $0
Investment Income $99,966,157
35.8%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $158,106,671
56.6%
Net Inventory Sales $0
Other Revenue $21,291,644
7.6%
Notable Expenses Percent of Total Expenses
Executive Compensation $2,923,647
1.4%
Professional Fundraising Fees $0
Other Salaries and Wages $5,872,501
2.8%
Assets/Debt
Total Assets $4,321,722,595
Total Liabilities $85,720,350
Net Assets $4,236,002,245

Document Links

990

Primary tax return for a nonprofit’s activities, finances, and governance

PDF

Fiscal Year Ending Dec.
2016

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$0
Expenses
$0
Net Income
$0
Net Assets
$0
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $0
Investment Income $0
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $0
Total Liabilities $0
Net Assets $0

Document Links

990

Primary tax return for a nonprofit’s activities, finances, and governance

PDF

Fiscal Year Ending Dec.
2015

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$0
Expenses
$0
Net Income
$0
Net Assets
$1
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $0
Investment Income $0
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $1
Total Liabilities $0
Net Assets $1

Document Links

990

Primary tax return for a nonprofit’s activities, finances, and governance

PDF

Fiscal Year Ending Dec.
2014

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$0
Expenses
$0
Net Income
$0
Net Assets
$1
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $0
Investment Income $0
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $1
Total Liabilities $0
Net Assets $1

Document Links

990

Primary tax return for a nonprofit’s activities, finances, and governance

PDF

About This Data

Nonprofit Explorer includes summary data for nonprofit tax returns and full Form 990 documents, in both PDF and digital formats.

The summary data contains information processed by the IRS during the 2012-2019 calendar years; this generally consists of filings for the 2011-2018 fiscal years, but may include older records. This data release includes only a subset of what can be found in the full Form 990s.

In addition to the raw summary data, we link to PDFs and digital copies of full Form 990 documents wherever possible. This consists of separate releases by the IRS of Form 990 documents processed by the agency, which we update regularly.

We also link to copies of audits nonprofit organizations that spent $750,000 or more in Federal grant money in a single fiscal year since 2016. These audits are copied from the Federal Audit Clearinghouse.

Which Organizations Are Here?

Every organization that has been recognized as tax exempt by the IRS has to file Form 990 every year, unless they make less than $200,000 in revenue and have less than $500,000 in assets, in which case they have to file form 990-EZ. Organizations making less than $50,000 don’t have to file either form but do have to let the IRS they’re still in business via a Form 990N "e-Postcard."

Nonprofit Explorer has organizations claiming tax exemption in each of the 27 subsections of the 501(c) section of the tax code, and which have filed a Form 990, Form 990EZ or Form 990PF. Taxable trusts and private foundations that are required to file a form 990PF are also included. Small organizations filing a Form 990N "e-Postcard" are not included in this data.

Types of Nonprofits

There are 27 nonprofit designations based on the numbered subsections of section 501(c) of the tax code. See the list »

Get the Data

For those interested in acquiring the original data from the source, here’s where our data comes from:

  • Raw filing data. Includes EINs and summary financials as structured data.
  • Exempt Organization profiles. Includes organization names, addresses, etc. You can merge this with the raw filing data using EIN numbers.
  • Form 990 documents. Prior to 2017, these documents were obtained and processed by Public.Resource.org and ProPublica. Bulk PDF downloads since 2017 are available from the IRS.
  • Form 990 documents as XML files. Includes complete filing data (financial details, names of officers, tax schedules, etc.) in machine-readable format. Only available for electronically filed documents. Electronic data released prior to October 2021 is also available through Amazon Web Services.
  • Audits. PDFs of single or program-specific audits for nonprofit organizations that spent $750,000 or more in Federal grant money in a single fiscal year. Available for fiscal year 2015 and later.

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Byline

By Andrea Suozzo, Alec Glassford and Ash Ngu, ProPublica, and Brandon Roberts, Special to ProPublica.
Design by Jeff Frankl. Additional development by Ken Schwencke, Mike Tigas, and Sisi Wei.

E-file viewer adapted from IRS e-File Viewer by Ben Getson. Code for scraping audit documents adapated from Govwiki.

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