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EIN 41-6159209

Hedin-Hartnagel Memorial Fund

IRS 501(c) type
501(c)(3)
Num. employees
0
City
Red Wing
State
Minnesota
Year formed
1955
Most recent tax filings
2023-12-01
NTEE code, primary
B82: Scholarships, Student Financial Aid Services
Description
The Hedin-Hartnagel Memorial Fund provides low-interest student loans to Red Wing High School graduates for post-secondary education. In 2022, the fund issued a total of 76 new loans totaling $103,500. Since its inception in 1955, the fund has helped 1,244 students receive over $3,865,023 in low-interest student loans.
Total revenues
$32,205
2023
Total expenses
$15,948
2023
Total assets
$1,080,934
2023
Num. employees
0
2023

Program areas at Hedin-Hartnagel Memorial Fund

To provide low-interest student loans to red wing high school graduates for post-secondary education. In 2023, a total of 79 new loans totaling $118,000 were issued. Since inception in 1955, 1,259 students have received over $3,983,026 in low-interest student loans. Principal and interest received on the repayment of these loans are returned to the pool to be used for future student loans.

Personnel at Hedin-Hartnagel Memorial Fund

NameTitleCompensation
Jim LeisePresident$0
Ellie KellyVice President$0

Financials for Hedin-Hartnagel Memorial Fund

RevenuesFYE 12/2023
Total grants, contributions, etc.$16,491
Program services$11,312
Investment income and dividends$4,402
Tax-exempt bond proceeds$0
Royalty revenue$0
Net rental income$0
Net gain from sale of non-inventory assets$0
Net income from fundraising events$0
Net income from gaming activities$0
Net income from sales of inventory$0
Miscellaneous revenues$0
Total revenues$32,205

Form 990s for Hedin-Hartnagel Memorial Fund

Fiscal year endingDate received by IRSFormPDF link
2023-122024-05-13990View PDF
2022-122023-05-12990View PDF
2021-122022-05-06990View PDF
2020-122021-11-14990View PDF
2019-122021-05-05990View PDF
...and 3 more Form 990s

Organizations like Hedin-Hartnagel Memorial Fund

OrganizationLocationRevenue
James McGregor Student Endowment FundTerre Haute, IN$18,671
Clyde W Hall Scholarship FundHutchinson, KS$11,389
Welker Educational Scholarship FundBillings, MT$97,282
Emily Vail Educational TrustMiddletown, NY$24,106
Fannie M Hall Scholarship FundRolla, MO$140,780
Lauer and Hazel Hieronymus Student Loan TrustBuffalo, OK$78,852
Darke County College Access ProgramGreenville, OH$36,734
TESS of North CarolinaMount Olive, NC$21,848
Malden High School ScholarshipLynn, MA$104,999
VBR Research and Education FoundationSouth Burlington, VT$116,901
Data update history
November 25, 2023
Posted financials
Added Form 990 for fiscal year 2021
July 19, 2023
Posted financials
Added Form 990 for fiscal year 2022
June 28, 2023
Posted financials
Added Form 990 for fiscal year 2020
June 25, 2023
Updated personnel
Identified 9 new personnel
August 18, 2021
Posted financials
Added Form 990 for fiscal year 2019
Nonprofit Types
SchoolsCharities
Issues
Education
Characteristics
State / local levelTax deductible donationsNo full-time employees
General information
Address
PO Box 222
Red Wing, MN 55066
County
Goodhue County, MN
Phone
(651) 301-0474
IRS details
EIN
41-6159209
Fiscal year end
December
Taxreturn type
Form 990
Year formed
1955
Eligible to receive tax-deductible contributions (Pub 78)
Yes
Categorization
NTEE code, primary
B82: Scholarships, Student Financial Aid Services
NAICS code, primary
522120: Savings Institutions
Parent/child status
Independent
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