Nonprofit · EIN 98-0063504
RUMINCO LTD
Also known as UNIVERSITY OF MINNESOTA
Tax-exempt · MINNEAPOLIS, MN 55414
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| June 30, 2025 | 990 | $9,391,228 | $9,827,949 | -$436,721 | $90,665,085 | $6,342,438 | $84,322,647 |
| June 30, 2024 | 990 | $9,843,642 | $8,560,991 | $1,282,651 | $82,804,369 | $8,155,489 | $74,648,880 |
| June 30, 2023 | 990 | $8,766,331 | $5,587,664 | $3,178,667 | $71,744,022 | $6,177,114 | $65,566,908 |
Financial details: 990 for the year ended June 30, 2025
Revenue
- Contributions, gifts and grants
- $0
- Program service revenue
- $7,921,544
- Investment income
- $1,469,684
- Net gain from sales of assets
- $28,609
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $0
- Compensation of officers, directors and key employees
- $0
- Salaries, compensation and benefits (total)
- $0
- Professional fundraising fees
- $0
- Accounting fees
- $24,500
- Program services (functional)
- $9,441,585
- Management and general (functional)
- $386,364
Balance sheet and other
- Total assets, start of year
- $82,804,369
- Total assets, end of year
- $90,665,085
- Total liabilities, end of year
- $6,342,438
- Net assets, end of year
- $84,322,647
- Publicly traded securities
- $90,349,684
- Gross receipts
- $32,588,641
- Employees
- 0
- Year formed
- 1977
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990 for the year ended June 30, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation | From related orgs | Other / benefits |
|---|---|---|---|---|---|
| Andrew Parks | Director Trustee or director | 0 | $0 | $1,415,700 | $163,929 |
| Stuart Mason | Former Treasurer | 0 | $0 | $969,273 | $25,136 |
| Myron Frans | Former Vice President | 0 | $0 | $775,438 | $10,157 |
| Douglas R Peterson | Director Trustee or director | 0 | $0 | $435,096 | $71,482 |
| Michael D Volna | Director Trustee or director | 0 | $0 | $274,667 | $67,876 |
| Susan Kratz | Dir Thru 031425 Trustee or director | 0 | $0 | $206,558 | $56,352 |
| Gregg Goldman | Director Trustee or director | 0 | $0 | $134,081 | $8,259 |
| Michael Kenny | Director Trustee or director | 0 | $0 | $0 | $0 |
990 for the year ended June 30, 2024: 8 people
| Name | Title | Hours / week | Compensation | From related orgs | Other / benefits |
|---|---|---|---|---|---|
| Stuart H Mason | Treasurer Trustee or director, Officer | 0 | $0 | $1,420,841 | $255,747 |
| Myron Frans | Vice President Trustee or director, Officer | 0 | $0 | $458,093 | $98,504 |
| Douglas R Peterson | Director Trustee or director | 0 | $0 | $405,468 | $68,137 |
| Michael D Volna | Director Trustee or director | 0 | $0 | $245,463 | $62,007 |
| Susan Kratz | Director Trustee or director | 0 | $0 | $199,412 | $53,871 |
| Robert Eastham | Director Trustee or director | 0 | $0 | $0 | $0 |
| Nicola Hallett | Director Trustee or director | 0 | $0 | $0 | $0 |
| Christopher Garrod | Chairman Trustee or director, Officer | 0 | $0 | $0 | $0 |
990 for the year ended June 30, 2023: 8 people
| Name | Title | Hours / week | Compensation | From related orgs | Other / benefits |
|---|---|---|---|---|---|
| Stuart H Mason | Treasurer Trustee or director, Officer | 0 | $0 | $1,179,852 | $252,178 |
| Joan TA Gabel | Dir thru 060923 Trustee or director | 0 | $0 | $732,708 | $293,219 |
| Myron Frans | Vice President Trustee or director, Officer | 0 | $0 | $408,687 | $122,921 |
| Douglas R Peterson | Director Trustee or director | 0 | $0 | $368,618 | $64,338 |
| Michael D Volna | Director Trustee or director | 0 | $0 | $236,474 | $59,347 |
| Susan Kratz | Director Trustee or director | 0 | $0 | $191,726 | $50,312 |
| Robert Eastham | Director Trustee or director | 0 | $0 | $0 | $0 |
| Christopher Garrod | Chairman Trustee or director, Officer | 0 | $0 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- 2221 UNIVERSITY AVE SE STE 100, MINNEAPOLIS, MN 55414-3074
- In care of
- % REGENTS OF THE UNIV OF MINNESOTA
- Signed the 990
- Michael D Volna, Director
- Phone
- (612) 624-1053
Mission
RUMINCO is a wholly-owned captive insurance company whose principal activities are the insurance of certain risks to the University of Minnesota.
Program accomplishments
- 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, excess automobile liability and cyber liabilty. RUMINCO's insurance agreements limit its exposure to loss on a per occurrence and annual aggregate basis.Expenses $9,441,585 · revenue $7,921,544
What it must file and when
IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in June, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | June 30, 2026 | November 16, 2026 | Not due yet |
| 2024 | June 30, 2025 | November 17, 2025 | 990 on file |
| 2023 | June 30, 2024 | November 15, 2024 | 990 on file |
IRS record
- EIN
- 98-0063504
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Supporting organization (509(a)(3))
- Donations deductible
- No
- Exempt since
- 1991
- Accounting year ends
- June
- Files
- Form 990 or 990-EZ
- Assets (IRS master file)
- $90,665,085
- Income (IRS master file)
- $32,588,641
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | June 2025 | $9,391,228 | $9,827,949 | $90,665,085 | XML |
| 990 | June 2024 | $9,843,642 | $8,560,991 | $82,804,369 | IRS |
| 990 | June 2023 | $8,766,331 | $5,587,664 | $71,744,022 | XML |
| 990 | June 2022 | $7,052,376 | $6,049,885 | $62,223,712 | IRS |
| 990 | June 2021 | – | – | – | IRS |
| 990 | June 2020 | – | – | – | IRS |
990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 98-0063504).
Questions about RUMINCO LTD
- What is the EIN of RUMINCO LTD?
- The employer identification number (EIN) of RUMINCO LTD is 98-0063504.
- Is RUMINCO LTD tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1991.
- Are donations to RUMINCO LTD tax-deductible?
- No. The IRS master file says contributions to it are not deductible.
- Which annual return does RUMINCO LTD file?
- Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
- When is the next return of RUMINCO LTD due?
- The return for tax year 2025 (the year ending June 30, 2026) is due November 16, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did RUMINCO LTD last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended June 2025.
- Who are the officers and directors of RUMINCO LTD?
- The 990 for the year ended June 30, 2025 lists 8 people; 0 received compensation from the organization.
- How much revenue does RUMINCO LTD have?
- On its 990 for the year ended June 30, 2025 it reported revenue of $9,391,228, expenses of $9,827,949 and total assets of $90,665,085 at year end.
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