Nonprofit · EIN 41-6030639
RBC FOUNDATION USA
Tax-exempt · MINNEAPOLIS, MN 55401
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| October 31, 2025 | 990-PF | $11,511,535 | $10,409,221 | $1,102,314 | $1,214,318 | $1,214,318 | $0 |
| October 31, 2024 | 990-PF | $11,523,908 | $12,193,575 | -$669,667 | $112,004 | $112,004 | $0 |
| October 31, 2023 | 990-PF | $10,304,123 | $10,202,675 | $101,448 | $781,671 | $781,671 | $0 |
Financial details: 990-PF for the year ended October 31, 2025
Revenue
- Contributions, gifts and grants
- $11,511,535
Expenses
- Grants and similar amounts paid
- $10,409,221
- Compensation of officers, directors and key employees
- $0
- Disbursements for charitable purposes
- $10,409,221
Balance sheet and other
- Total assets, start of year
- $112,004
- Total assets, end of year
- $1,214,318
- Total liabilities, end of year
- $1,214,318
- Net assets, end of year
- $0
- Fair market value of assets
- $1,214,318
- Qualifying distributions
- $10,409,221
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-PF for the year ended October 31, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| Martha Baumbach 250 Nicollet Mall, Minneapolis, MN 55401 | President | 0 | $0 |
| Julie Allen 250 Nicollet Mall, Minneapolis, MN 55401 | Senior Manager | 0 | $0 |
| Wally Chapman 250 Nicollet Mall, Minneapolis, MN 55401 | Advisory Board | 0 | $0 |
| Darryl Traweek 250 Nicollet Mall, Minneapolis, MN 55401 | Advisory Board | 0 | $0 |
| Pat Vaughan 250 Nicollet Mall, Minneapolis, MN 55401 | Advisory Board | 0 | $0 |
| Janet Becker 250 Nicollet Mall, Minneapolis, MN 55401 | Advisory Board | 0 | $0 |
| Erin Murphy 250 Nicollet Mall, Minneapolis, MN 55401 | Advisory Board | 0 | $0 |
| Cara McAdaragh 250 Nicollet Mall, Minneapolis, MN 55401 | Advisory Board | 0 | $0 |
| Anya Norris 250 Nicollet Mall, Minneapolis, MN 55401 | Advisory Board | 0 | $0 |
| Laurie Mount 250 Nicollet Mall, Minneapolis, MN 55401 | Advisory Board | 0 | $0 |
| Madeline Johnson 250 Nicollet Mall, Minneapolis, MN 55401 | Advisory Board | 0 | $0 |
| Tom Sagissor 250 Nicollet Mall, Minneapolis, MN 55401 | Advisory Board | 0 | $0 |
| Shareen Luze 250 Nicollet Mall, Minneapolis, MN 55401 | Advisory Board | 0 | $0 |
| Danelle Dean 250 Nicollet Mall, Minneapolis, MN 55401 | Advisory Board | 0 | $0 |
990-PF for the year ended October 31, 2024: 14 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| Martha Baumbach 250 Nicollet Mall, Minneapolis, MN 55401 | President | 0 | $0 |
| Julie Allen 250 Nicollet Mall, Minneapolis, MN 55401 | Senior Manager | 0 | $0 |
| Wally Chapman 250 Nicollet Mall, Minneapolis, MN 55401 | Advisory Board | 0 | $0 |
| Darryl Traweek 250 Nicollet Mall, Minneapolis, MN 55401 | Advisory Board | 0 | $0 |
| Pat Vaughan 250 Nicollet Mall, Minneapolis, MN 55401 | Advisory Board | 0 | $0 |
| Janet Becker 250 Nicollet Mall, Minneapolis, MN 55401 | Advisory Board | 0 | $0 |
| Erin Murphy 250 Nicollet Mall, Minneapolis, MN 55401 | Advisory Board | 0 | $0 |
| Cara McAdaragh 250 Nicollet Mall, Minneapolis, MN 55401 | Advisory Board | 0 | $0 |
| Anya Norris 250 Nicollet Mall, Minneapolis, MN 55401 | Advisory Board | 0 | $0 |
| Laurie Mount 250 Nicollet Mall, Minneapolis, MN 55401 | Advisory Board | 0 | $0 |
| Madeline Johnson 250 Nicollet Mall, Minneapolis, MN 55401 | Advisory Board | 0 | $0 |
| Tom Sagissor 250 Nicollet Mall, Minneapolis, MN 55401 | Advisory Board | 0 | $0 |
| Shareen Luze 250 Nicollet Mall, Minneapolis, MN 55401 | Advisory Board | 0 | $0 |
| Danelle Dean 250 Nicollet Mall, Minneapolis, MN 55401 | Advisory Board | 0 | $0 |
990-PF for the year ended October 31, 2023: 15 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| Martha Baumbach 250 Nicollet Mall, Minneapolis, MN 55401 | President | 0 | $0 |
| Julie Allen 250 Nicollet Mall, Minneapolis, MN 55401 | Senior Manager | 0 | $0 |
| Wally Chapman 250 Nicollet Mall, Minneapolis, MN 55401 | Advisory Board | 0 | $0 |
| Darryl Traweek 250 Nicollet Mall, Minneapolis, MN 55401 | Advisory Board | 0 | $0 |
| Pat Vaughan 250 Nicollet Mall, Minneapolis, MN 55401 | Advisory Board | 0 | $0 |
| Janet Becker 250 Nicollet Mall, Minneapolis, MN 55401 | Advisory Board | 0 | $0 |
| Erin Murphy 250 Nicollet Mall, Minneapolis, MN 55401 | Advisory Board | 0 | $0 |
| Cara McAdaragh 250 Nicollet Mall, Minneapolis, MN 55401 | Advisory Board | 0 | $0 |
| Anya Norris 250 Nicollet Mall, Minneapolis, MN 55401 | Advisory Board | 0 | $0 |
| Laurie Mount 250 Nicollet Mall, Minneapolis, MN 55401 | Advisory Board | 0 | $0 |
| Christi Lutgen 250 Nicollet Mall, Minneapolis, MN 55401 | Advisory Board | 0 | $0 |
| James Carlisle 250 Nicollet Mall, Minneapolis, MN 55401 | Advisory Board | 0 | $0 |
| Madeline Johnson 250 Nicollet Mall, Minneapolis, MN 55401 | Advisory Board | 0 | $0 |
| Tom Sagissor 250 Nicollet Mall, Minneapolis, MN 55401 | Advisory Board | 0 | $0 |
| Shareen Luze 250 Nicollet Mall, Minneapolis, MN 55401 | Advisory Board | 0 | $0 |
Address and contacts
- Address (IRS master file)
- 250 NICOLLET MALL STE 1900, MINNEAPOLIS, MN 55401-7584
- In care of
- % MARTHA BAUMBACH
- Signed the 990-PF
- Shareen Luze, Head of Business Adm
- Phone
- (612) 219-7795
What it must file and when
IRS records say it files Form 990-PF. Private foundations file every year. Its accounting year ends in October, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | October 31, 2026 | March 15, 2027 | Not due yet |
| 2024 | October 31, 2025 | March 16, 2026 | 990-PF on file |
| 2023 | October 31, 2024 | March 17, 2025 | 990-PF on file |
IRS record
- EIN
- 41-6030639
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Private non-operating foundation
- Donations deductible (Pub 78)
- Private foundation, 30% limit
- Exempt since
- 1963
- Accounting year ends
- October
- Files
- Form 990-PF
- Assets (IRS master file)
- $1,214,318
- Income (IRS master file)
- $11,511,535
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990-PF | October 2025 | $11,511,535 | $10,409,221 | $1,214,318 | XML |
| 990-PF | October 2024 | $11,523,908 | $12,193,575 | $112,004 | XML |
| 990-PF | October 2023 | $10,304,123 | $10,202,675 | $781,671 | XML |
| 990-PF | October 2022 | – | – | – | IRS |
| 990-PF | October 2021 | – | – | – | IRS |
| 990-PF | October 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 41-6030639).
Questions about RBC FOUNDATION USA
- What is the EIN of RBC FOUNDATION USA?
- The employer identification number (EIN) of RBC FOUNDATION USA is 41-6030639.
- Is RBC FOUNDATION USA tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1963.
- Are donations to RBC FOUNDATION USA tax-deductible?
- Yes. It is listed in IRS Publication 78 (Private foundation, 30% limit).
- Which annual return does RBC FOUNDATION USA file?
- Form 990-PF. Private foundations file every year.
- When is the next return of RBC FOUNDATION USA due?
- The return for tax year 2025 (the year ending October 31, 2026) is due March 15, 2027. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did RBC FOUNDATION USA last file with the IRS?
- The latest return in the IRS public files is the 990-PF for the year ended October 2025.
- Who are the officers and directors of RBC FOUNDATION USA?
- The 990-PF for the year ended October 31, 2025 lists 14 people; 0 received compensation from the organization.
- How much revenue does RBC FOUNDATION USA have?
- On its 990-PF for the year ended October 31, 2025 it reported revenue of $11,511,535, expenses of $10,409,221 and total assets of $1,214,318 at year end.
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