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EIN 98-0063504

Ruminco

IRS 501(c) type
501(c)(3)
Num. employees
0
City
Minneapolis
State
Minnesota
Year formed
1977
Most recent tax filings
2023-06-01
NTEE code, primary
Y20: Insurance Providers, Services
Description
RUMINCO is a wholly-owned captive insurance company whose principal activities are the insurance of certain risks to the University of Minnesota.
Also known as...
University of Minnesota
Total revenues
$8,766,331
2023
Total expenses
$5,587,664
2023
Total assets
$71,744,022
2023
Num. employees
0
2023

Program areas at Ruminco

RUMINCO is incorporated under the laws of Bermuda and is a wholly-owned subsidiary of the University of Minnesota. RUMINCO's principal activities are the insurance of certain risks of its parent. Various coverages include commercial general and professional liability, non-profit organization liability, business auto liability and excess automobile liability. RUMINCO's insurance agreements limit its exposure to loss on a per occurrence and annual aggregate basis.

Personnel at Ruminco

NameTitleCompensation
Michael D VolnaDirector$0
Christopher GarrodChairman$0
Myron FransVice President$0
Stuart H MasonTreasurer$0
Brian D BurnettVice President Thru 12 and 2 and 20$0

Financials for Ruminco

RevenuesFYE 06/2023
Total grants, contributions, etc.$0
Program services$7,155,871
Investment income and dividends$823,739
Tax-exempt bond proceeds$0
Royalty revenue$0
Net rental income$0
Net gain from sale of non-inventory assets$786,721
Net income from fundraising events$0
Net income from gaming activities$0
Net income from sales of inventory$0
Miscellaneous revenues$0
Total revenues$8,766,331

Form 990s for Ruminco

Fiscal year endingDate received by IRSFormPDF link
2023-062024-04-09990View PDF
2022-062023-03-22990View PDF
2021-062022-04-26990View PDF
2020-062021-05-11990View PDF
2019-062021-04-07990View PDF
...and 9 more Form 990s
Data update history
November 25, 2023
Posted financials
Added Form 990 for fiscal year 2021
June 17, 2023
Posted financials
Added Form 990 for fiscal year 2022
August 20, 2021
Posted financials
Added Form 990 for fiscal year 2020
August 18, 2021
Posted financials
Added Form 990 for fiscal year 2019
June 27, 2021
Updated personnel
Identified 3 new personnel
Nonprofit Types
Mutual assistance organizationsInsurance companiesEnvironmental organizationsHeadquarter / parent organizations
Issues
Community improvement
Characteristics
Operates internationallyState / local levelNo full-time employees
General information
Address
2221 University Ave Se Ste 100
Minneapolis, MN 55414
Metro area
Minneapolis-St. Paul-Bloomington, MN-WI
County
Hennepin County, MN
Phone
(612) 624-1053
IRS details
EIN
98-0063504
Fiscal year end
June
Taxreturn type
Form 990
Year formed
1977
Eligible to receive tax-deductible contributions (Pub 78)
No
Categorization
NTEE code, primary
Y20: Insurance Providers, Services
NAICS code, primary
524126: Direct Property and Casualty Insurance Carriers
Parent/child status
Central organization
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