EIN 04-3740017

Minnesota Credit Union Foundation

IRS 501(c) type
501(c)(3)
Num. employees
0
Year formed
1969
Most recent tax filings
2023-12-01
Description
Minnesota Credit Union Foundation promotes credit unions in MN and awards scholarships to members for post-secondary education. Supports Gillette Children's Specialty Healthcare through ongoing program.
Related structure
Minnesota Credit Union Foundation is a subordinate organization under Minnesota Credit Union Network.
Total revenues
$462,196
2023
Total expenses
$261,194
2023
Total assets
$1,069,745
2023
Num. employees
0
2023

Program areas at Minnesota Credit Union Foundation

Credit Union for kids is an ongoing program that the organization continues to raise funds to support the gillette children's specialty healthcare and included in this is the children's miracle network. All of the donations received by the organization during the year are given to help the children. The mncu4kids committee held 6 statewide fundraisers in 2022 and some donors held minor fundraisers that raised more funds to give to the gillette children' s specialty healthcare.
Scholarships awarded to Credit Union members and their children, grandchildren, or other dependents. Seventeen 1,000 scholarship's were awarded in 2022. The scholarships are for post secondary education and are awarded to writing contest winners based on a question about the Credit Union movement.
Grants to 18 member Credit unions to cover the registration and lodging costs of attending conferences with the primary purposes of education and training relating to issues facing Credit unions and the people involved.
The organization continues to network and maintain a website in an effort to receive contributions so it may continue to further it's exempt purpose. In addition the organization continues to help members further their education.

Grants made by Minnesota Credit Union Foundation

GranteeGrant descriptionAmount
Children's Miracle Network Hospitals (CMN Hospitals)Provide Care To Kids$170,235

Who funds Minnesota Credit Union Foundation

Grants from foundations and other nonprofits
GrantmakerDescriptionAmount
Hiway Credit Union FoundationCharitable Donations$39,500
Enterprise Holdings FoundationProgram Support$5,000
National Association of Manufactured Home OwnersGeneral Contribution$1,000

Personnel at Minnesota Credit Union Foundation

NameTitleCompensation
Mara HumphreyPresident$0
Kim WestphalSecretary and Treasurer$0
Doug RalstonChair$0
Trina HoffBoard Member$0
Kayla ReiffenbergerVice Chair$0
...and 4 more key personnel

Financials for Minnesota Credit Union Foundation

RevenuesFYE 12/2023
Total grants, contributions, etc.$449,933
Program services$0
Investment income and dividends$17,765
Tax-exempt bond proceeds$0
Royalty revenue$0
Net rental income$0
Net gain from sale of non-inventory assets$0
Net income from fundraising events$-5,502
Net income from gaming activities$0
Net income from sales of inventory$0
Miscellaneous revenues$0
Total revenues$462,196

Form 990s for Minnesota Credit Union Foundation

Fiscal year endingDate received by IRSFormPDF link
2023-122024-11-12990View PDF
2022-122023-11-15990View PDF
2021-122022-11-10990View PDF
2020-122021-11-10990View PDF
2019-122021-03-01990View PDF
...and 10 more Form 990s
Data update history
December 31, 2024
Updated personnel
Identified 3 new personnel
September 21, 2024
Received grants
Identified 1 new grant, including a grant for $39,500 from Hiway Credit Union Foundation
July 23, 2024
Received grants
Identified 1 new grant, including a grant for $5,000 from Enterprise Holdings Foundation
December 27, 2023
Posted financials
Added Form 990 for fiscal year 2022
December 27, 2023
Updated personnel
Identified 1 new personnel
Nonprofit Types
Corporate foundationsCredit unionsChapter / child organizationsCharities
Issues
Education
Characteristics
Political advocacyProvides grantsFundraising eventsState / local levelFundraising races, competitions, and tournamentsTax deductible donationsNo full-time employeesAccepts online donations
General information
Address
555 Wabasha St N Suite 200
Saint Paul, MN 55102
Metro area
Minneapolis-St. Paul-Bloomington, MN-WI
County
Ramsey County, MN
Website URL
mncun.org/contact-us.html 
Phone
(651) 288-5170
IRS details
EIN
04-3740017
Fiscal year end
December
Taxreturn type
Form 990
Year formed
1969
Eligible to receive tax-deductible contributions (Pub 78)
Yes
Categorization
NTEE code, primary
W60: Financial Institutions, Credit Unions
NAICS code, primary
522130: Credit Unions
Parent/child status
Subordinate organization
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