Blaze Credit Union Foundation
- Assets
- $249.3k
- Revenue
- $342.9k
- Investments
- $0.0
- Employees
- 1
- Location
- Saint Paul, MN
- Founding
- 11/2017
- Data as of
- 12/2023
- EIN
- 81-4112454
Organization Overview
Blaze Credit Union Foundation is located in Saint Paul, MN. The organization was established in 2017. According to its NTEE Classification (T30) the organization is classified as: Public Foundations, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Blaze 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 12/2023, Blaze Credit Union Foundation generated $342.9k in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 26.2% each year . All expenses for the organization totaled $248.2k during the year ending 12/2023. You can explore the organizations financials more deeply in the financial statements section below.
Since 2021, Blaze Credit Union Foundation has awarded 14 individual grants totaling $221,820. 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
PASSIONATELY PROVIDING RESOURCES TO ENHANCE THE OVERALL WELLNESS OF THE COMMUNITY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
OUR COMMUNITY IMPACT GRANTS ARE DESIGNATED FOR CHARITABLE ORGANIZATIONS WHOSE WORK CLOSELY ALIGNS WITH AT LEAST ONE OF THE FIVE PRIORITY FUNDING FOCUS AREAS: 1. COMMUNITY AND ECONOMIC DEVELOPMENT; 2. DIVERSITY, EQUITY AND INCLUSION; 3. HOUSING; 4. HUNGER RELIEF AND HEALTHY EATING PROGRAMS; 5. INFORMAL EDUCATION - SUPPORTING LIFE SKILLS & FINANCIAL WELL-BEING FOR ALL.IN 2023, WE WERE ABLE TO AWARD $58,000 TO THESE ORGANIZATIONS IN OUR LOCAL COMMUNITY.
PROVIDED A VARIETY OF OTHER GRANTS TO THE COMMUNITY PER DONATION REQUESTS.
THE HCUF AWARDED $26,000 STUDENT SCHOLARSHIPS TO SUPPORT FIRST YEAR COLLEGE STUDENTS FROM FUNDS RAISED THROUGH OUR 2023 ANNUAL EVENT FUNDRAISER.
THE HCUF AWARDED $20,800 IN TEACHER GRANTS TO SUPPORT TEACHERS AT TITLE 1 SCHOOLS IN THEIR PROGRAMMING.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Christine Cordell Chair | OfficerTrustee | 0.5 | $0 |
Tina Jones Vice Chair | OfficerTrustee | 2 | $0 |
Malee Yang Secretary | OfficerTrustee | 1 | $0 |
Souayee Vang Treasurer | OfficerTrustee | 1 | $0 |
Cindy Boden Director | Trustee | 0.5 | $0 |
Josh Chacon Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $113,314 |
| Related organizations | $157,975 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $81,121 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $352,410 |
| Total Program Service Revenue | $0 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | -$9,550 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $342,860 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $239,875 |
| 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. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $890 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $4,552 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $746 |
| 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 | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $0 |
| All other expenses | $2,088 |
| Total functional expenses | $248,151 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $249,312 |
| Savings and temporary cash investments | $0 |
| 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 | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $249,312 |
| Accounts payable and accrued expenses | $0 |
| 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 | $0 |
| Net assets without donor restrictions | $249,312 |
| 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 | $249,312 |
Grants Awarded
Over the last fiscal year, Blaze Credit Union Foundation has awarded $99,505 in support to 7 organizations.
| Grant Recipient | Amount |
|---|---|
BANZAI INC PURPOSE: CHARITABLE DONATIONS | $9,580 |
SAINT PAUL PUBLIC SCHOOLS PURPOSE: CHARITABLE DONATIONS | $15,000 |
NATIONAL CREDIT UNION FOUNDATION PURPOSE: CHARITABLE DONATIONS | $13,125 |
ACHIEVE TWIN CITIES PURPOSE: CHARITABLE DONATIONS | $7,000 |
MINNESOTA CREDIT UNION FOUNDATION PURPOSE: CHARITABLE DONATIONS | $39,500 |
KIDS IN NEED FOUNDATION PURPOSE: CHARITABLE DONATIONS | $10,000 |