Affinity Plus Federal Credit Union Foundation
- Assets
- $623.0k
- Revenue
- $383.2k
- Investments
- $0.0
- Employees
- 0
- Location
- St Paul, MN
- Founding
- 08/2000
- Data as of
- 12/2021
- EIN
- 41-1974262
Organization Overview
Affinity Plus Federal Credit Union Foundation is located in St Paul, MN. The organization was established in 2000. According to its NTEE Classification (B82) the organization is classified as: Scholarships & Student Financial Aid, under the broad grouping of Education and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Affinity Plus Federal Credit Union Foundation is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2021, Affinity Plus Federal Credit Union Foundation generated $383.2k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 9.6% each year. All expenses for the organization totaled $446.6k during the year ending 12/2021. While expenses have increased by 17.2% per year over the past 7 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Affinity Plus Federal Credit Union Foundation has awarded 345 individual grants totaling $1,446,045. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Joel Swanson Board Treasurer | 2 | $0 | |
Jessica Volkmann Board Member | 1 | $0 | |
Jacquie Twedt Board Member | 1 | $0 | |
Amber Shanley Board Member | 1 | $0 | |
Ann Koetz Board Chair | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $297,089 |
| Interest on Savings | $2,704 |
| Dividends & Interest | $0 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $0 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $83,371 |
| Total Revenue | $383,164 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $0 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $29,003 |
| Total operating and administrative expenses | $39,459 |
| Contributions, gifts, grants paid | $407,121 |
| Total expenses and disbursements | $446,580 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $622,112 |
| Net Accounts receivable | $925 |
| Net Pledges Receivable | $0 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $623,037 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $0 |
Grants Awarded
Over the last fiscal year, Affinity Plus Federal Credit Union Foundation has awarded $407,121 in support to 93 organizations.
| Grant Recipient | Amount |
|---|---|
Minneapolis, MN PURPOSE: PROVIDED 235 COMPUTERS TO LOCAL STUDENTS. | $36,000 |
FIREFIGHTERS FOR HEALING PURPOSE: SENT 25 KIDS TO CAMP RED. | $25,000 |
St Paul, MN PURPOSE: SUPPORT FOR STUDENTS AND SCHOOLS TO SIGN UP FOR THE PARTNERSHIP PROGRAM. | $10,000 |
Minneapolis, MN PURPOSE: PROVIDED 235 COMPUTERS TO LOCAL STUDENTS. | $6,621 |
Fargo, ND PURPOSE: PROVIDED SCIENCE, TECHNOLOGY, ENGINEERING, ARTS, AND MATHEMATICS KITS TO KIDS. | $6,000 |
Minneapolis, MN PURPOSE: EMPLOYMENT OF 20-25 YOUTH FACING HOMELESSNESS. | $5,000 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Affinity Plus Federal Credit Union Foundation has recieved totaling $3,500.
| Awarding Organization | Amount |
|---|---|
Felhaber Larson Fenlon & Vogtfoundation Minneapolis, MN PURPOSE: CHARITABLE CONTRIBUTION | $3,500 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Iowa Student Loan Liquidity Corp West Des Moines, IA | $1,230,053,718 | $45,688,659 |
Northstar Education Finance Inc Eagan, MN | $1,293,468,719 | $40,177,777 |
Northwestern Mutual Life Foundation Inc Milwaukee, WI | $106,326,341 | $38,353,841 |
Scholarship America Inc Minneapolis, MN | $219,130,905 | $29,933,482 |
Des Moines Golf And Country Club West Des Moines, IA | $24,329,403 | $13,657,003 |
Waitt Foundation North Sioux City, SD | $157,175,219 | $6,009,824 |
Team Makers Club Inc Fargo, ND | $24,927,572 | $16,460,437 |
Bentson Foundation Wayzata, MN | $107,689,978 | $6,021,397 |
Rsm Us Foundation Davenport, IA | $13,920,904 | $7,669,329 |
Pleasant T Rowland Foundation Brookfield, WI | $94,312,384 | $11,804,849 |
Central States Fair Rapid City, SD | $6,354,015 | $4,358,357 |
Sc Johnson Giving Inc Racine, WI | $34,098,989 | $19,343,102 |