Connexus Association Inc
- Assets
- $886.6k
- Revenue
- $345.8k
- Investments
- $0.0
- Employees
- 1
- Location
- Wausau, WI
- Founding
- 10/2006
- Data as of
- 12/2021
- 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 12/2021, Connexus Association Inc generated $345.8k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 2.1% each year. All expenses for the organization totaled $372.5k during the year ending 12/2021. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Connexus Association Inc has awarded 83 individual grants totaling $1,212,853. 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
2021
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 2021 CONNEXUS ASSOCIATION CONTINUED THE SCHOLARSHIP PROGRAM GIVING OUT 38 - 1,000 SCHOLARSHIPS TO HIGH SCHOOL SENIORS. FOUR - 1,000 SCHOLARSHIPS WINNERS WERE SELECTED FROM MID-STATE TECHNICAL COLLEGE IN WISCONSIN RAPIDS. 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. ADDITIONALLY, WE OPENED UP OUR SCHOLARSHIP FUND AT THE LOCAL COMMUNITY FOUNDATION TO ONE MORE SCHOOL, MAKING SENIORS AT 18 DIFFERENT HIGH SCHOOLS NOW ELIGIBLE TO APPLY. AS ALWAYS, EDUCATION REMAINS ONE OF OUR MOST IMPORTANT MISSIONS. IN THE LAST MONTHS OF 2021, 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 2021, CONNEXUS DONATED OVER 25,000 TO 10 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 22,500 TO VARIOUS JUNIOR ACHIEVEMENT OFFICES WITH THOUSANDS MORE DOLLARS GRANTED TO ORGANIZATIONS WHICH WOULD INDIRECTLY SUPPORT FINANCIAL LITERACY EDUCATION.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Heather Grundemann Executive Di | Officer | 10 | $17,500 |
Julia Salzman Secretary | OfficerTrustee | 1 | $0 |
Ryan Kennedy Treasurer | OfficerTrustee | 2 | $0 |
Patti Flaker President | OfficerTrustee | 1 | $0 |
Kathe Breitenfeldt Vice Preside | OfficerTrustee | 1 | $0 |
Hal Osborne Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $342,696 |
| 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 | $342,696 |
| Total Program Service Revenue | $0 |
| Investment income | $3,062 |
| 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 | $345,758 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $195,969 |
| 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 | $3,900 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $5,911 |
| Fees for services: Other | $52,340 |
| Advertising and promotion | $0 |
| Office expenses | $91,666 |
| 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 | $402 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $3,403 |
| All other expenses | $74 |
| Total functional expenses | $372,504 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $88,668 |
| Savings and temporary cash investments | $635,477 |
| 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 | $32,781 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $129,628 |
| Total assets | $886,554 |
| Accounts payable and accrued expenses | $69,474 |
| 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 | $69,474 |
| Net assets without donor restrictions | $817,080 |
| 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 | $886,554 |
Grants Awarded
Over the last fiscal year, Connexus Association Inc has awarded $124,524 in support to 9 organizations.
| Grant Recipient | Amount |
|---|---|
WAUSAU SCHOOL DISTRICT PURPOSE: EDUCATION | $36,000 |
Wausau, WI PURPOSE: EDUCATION | $20,000 |
Milwaukee, WI PURPOSE: EDUCATION | $15,000 |
Schofield, WI PURPOSE: EDUCATION | $12,500 |
Wausau, WI PURPOSE: EDUCATION | $10,000 |
Wausau, WI PURPOSE: COMPASSION | $10,000 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Connexus Association Inc has recieved totaling $6.
| Awarding Organization | Amount |
|---|---|
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $6 |
Endowment Analysis
| Beg. Balance | $124,885 |
| Earnings | $10,654 |
| Admin Expense | $1,911 |
| Grants | $4,000 |
| Ending Balance | $129,628 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
National Equity Fund Inc Chicago, IL | $118,912,735 | $59,533,345 |
Richard U Light Foundation Kalamazoo, MI | $629,730 | $25,417,215 |
Iowa Student Loan Liquidity Corp West Des Moines, IA | $1,230,053,718 | $45,688,659 |
National Merit Scholarship Corporation Evanston, IL | $183,825,978 | $50,191,294 |
Northstar Education Finance Inc Eagan, MN | $1,293,468,719 | $40,177,777 |
Evans Scholars Foundation Glenview, IL | $101,873,087 | $62,566,812 |
Skillman Foundation Detroit, MI | $412,503,854 | $53,699,386 |
Northwestern Mutual Life Foundation Inc Milwaukee, WI | $106,326,341 | $38,353,841 |
Scholarship America Inc Minneapolis, MN | $219,130,905 | $29,933,482 |
Kalamazoo Promise Kalamazoo, MI | $7,251,327 | $23,596,440 |
Future Leaders Of Americafoundation Inc Chicago, IL | $0 | $13,517,008 |
Des Moines Golf And Country Club West Des Moines, IA | $24,329,403 | $13,657,003 |