Connexus Association Inc
- Assets
- $958.5k
- Revenue
- $447.8k
- Investments
- $0.0
- Employees
- 1
- Location
- Wausau, WI
- Founding
- 10/2006
- Data as of
- 12/2022
- EIN
- 61-1473074
Organization Overview
Connexus Association Inc is located in Wausau, WI. The organization was established in 2006. 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. Connexus Association Inc 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 12/2022, Connexus Association Inc generated $447.8k in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 5.2% each year. All expenses for the organization totaled $348.8k during the year ending 12/2022. While expenses have increased by 10.8% per year over the past 8 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, Connexus Association Inc has awarded 92 individual grants totaling $1,328,833. 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.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
THE PURPOSE OF CONNEXUS ASSOCIATION IS TO PROVIDE SCHOLARSHIPS FOR EDUCATION, TO ASSIST EDUCATIONAL INSTITUTIONS AND TO PROVIDE FINANCIAL LITERACY EDUCATION TO HELP BORROWERS AND SAVERS REACH THEIR FINANCIAL GOALS. IN A LIMITED FASHION, THE ASSOCIATION MAY ALSO ENGAGE IN ANY CHARITABLE ACTIVITY RECOGNIZED IN I.R.C. 501(C)(3).
Describe the Organization's Program Activity:
Part 3 - Line 4a
FOR 2022 CONNEXUS ASSOCIATION CONTINUED THE SCHOLARSHIP PROGRAM GIVING OUT 35 - 1,000 SCHOLARSHIPS TO HIGH SCHOOL SENIORS. AN ADDITIONAL 20,000 WAS DISTRIBUTED TO NORTHCENTRAL TECHNICAL COLLEGE (NTC) AND UTILIZED FOR CONNEXUS ASSOCIATION'S SCHOLARSHIP PROGRAM WITH NTC, INCOME-BASED SCHOLARSHIPS, AND THE STUDENT EMERGENCY GRANT PROGRAM WHILE 3,000 WAS DISTRIBUTED TO MID-STATE TECHNICAL COLLEGE FOR THE PURPOSES OF STUDENT SCHOLARSHIPS. AS ALWAYS, EDUCATION REMAINS ONE OF OUR MOST IMPORTANT MISSIONS. IN THE LAST MONTHS OF 2022, THE BOARD OF DIRECTORS FOR CONNEXUS ASSOCIATION VOTED TO CONTINUE PROVIDING FUNDING AND SCHOLARSHIPS FOR THE LOCAL SCHOOLS WE SUPPORT AT THE SAME LEVEL AS PREVIOUS YEARS. DURING 2022, CONNEXUS DONATED OVER 25,000 TO 9 LOCAL SCHOOLS FOR EDUCATIONAL PURPOSES. WE WILL ALSO CONTINUE TO PARTNER WITH EVERFI TO BRING FREE DIGITAL EDUCATION TO SCHOOLS IN OUR COMMUNITY. LASTLY, WE DONATED OVER 20K TO OTHER INSTITUTIONS TO SUPPORT STEM AND READING PROGRAMS.WE DIRECTLY SUPPORT FINANCIAL LITERACY EDUCATION INCLUDING 17,500 TO VARIOUS JUNIOR ACHIEVEMENT OFFICES WITH THOUSANDS MORE DOLLARS GRANTED TO ORGANIZATIONS WHICH WOULD INDIRECTLY SUPPORT FINANCIAL LITERACY EDUCATION. WE DIRECTLY SUPPORT FINANCIAL LITERACY EDUCATION INCLUDING 22,500 TO VARIOUS JUNIOR ACHIEVEMENT OFFICES WITH THOUSANDS MORE DOLLARS GRANTED TO ORGANIZATIONS WHICH WOULD INDIRECTLY SUPPORT FINANCIAL LITERACY EDUCATION.
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Heather Grundemann Executive Di | Officer | 10 | $17,500 |
Kathe Breitenfeldt President | OfficerTrustee | 1 | $0 |
Patti Flaker Director | OfficerTrustee | 1 | $0 |
Ryan Kennedy Treasurer | OfficerTrustee | 2 | $0 |
Julia Salzman Secretary | OfficerTrustee | 1 | $0 |
Ann Stromgren Vice Preside | OfficerTrustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $442,834 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $442,834 |
| Total Program Service Revenue | $0 |
| Investment income | $4,977 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $447,811 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $176,415 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $17,500 |
| Compensation of current officers, directors, key employees. | $14,000 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $1,339 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $4,205 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $7,215 |
| Fees for services: Other | $45,679 |
| Advertising and promotion | $0 |
| Office expenses | $92,182 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $377 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $3,763 |
| All other expenses | $84 |
| Total functional expenses | $348,759 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $247,309 |
| Savings and temporary cash investments | $590,454 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $18,429 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $102,340 |
| Total assets | $958,532 |
| Accounts payable and accrued expenses | $62,673 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $62,673 |
| Net assets without donor restrictions | $895,859 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $958,532 |
Grants Awarded
Over the last fiscal year, Connexus Association Inc has awarded $115,980 in support to 9 organizations.
| Grant Recipient | Amount |
|---|---|
WAUSAU SCHOOL DISTRICT PURPOSE: EDUCATION | $32,000 |
JUNIOR ACHIEVEMENT OF CENTRAL WI PURPOSE: EDUCATION | $10,000 |
NTC FOUNDATION PURPOSE: EDUCATION | $20,000 |
LINCOLN HIGH SCHOOL PURPOSE: EDUCATION | $10,000 |
DC EVEREST PUBLIC SCHOOLS PURPOSE: EDUCATION | $12,500 |
MID-STATE TECHNICAL COLLEGE PURPOSE: EDUCATION | $5,500 |