Hiway Credit Union Foundation Inc
- Assets
- $142.6k
- Revenue
- $222.0k
- Investments
- $0.0
- Employees
- 0
- Location
- St Paul, MN
- Founding
- 11/2017
- Data as of
- 12/2021
- EIN
- 81-4112454
Organization Overview
Hiway Credit Union Foundation Inc is located in St 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. Hiway Credit Union Foundation 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, Hiway Credit Union Foundation Inc generated $222.0k in total revenue. This organization has experienced exceptional growth, as over the past 4 years, it has increased revenue by an average of 27.2% each year . All expenses for the organization totaled $140.5k during the year ending 12/2021. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
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
MN CREDIT UNION FOUNDATION - CHILDREN'S MIRACLE NETWORK.
TEACHER SUPPORT - GRANTS WERE MADE TO SCHOOLS TO PROVIDE PROGRAMS TO STUDENTS THAT OTHERWISE WOULD NOT BE AVAILABLE.
STUDENT SCHOLARSHIPS - HIWAY CREDIT UNION FOUNDATION GAVE OUT 20 SCHOLARSHIPS TO STUDENTS ATTENDING THE FIRST YEAR OF COLLEGE, AND OTHER VARIOUS PROGRAMS (BEST PREP & JUNIOR ACHIEVEMENT) PROVIDING FINANCIAL SUPPORT TOWARD LITERACY EDUCATION.
HIWAY CREDIT UNION FOUNDATION ALSO GAVE GRANTS TO 38 UNIQUE RECIPIENTS, THE NUMBER OF THOSE BENEFITED UNKNOWN.
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Christine Cordell President/chair | OfficerTrustee | 0.5 | $0 |
Cyndi Pilney Treasurer | OfficerTrustee | 1 | $0 |
Tina Jones Vice Chair | OfficerTrustee | 2 | $0 |
Malee Yang Secretary | OfficerTrustee | 1 | $0 |
Josh Chacon Director | Trustee | 0.5 | $0 |
Lori Hodapp Director | Trustee | 0.5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $95,011 |
| Related organizations | $100,000 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $42,936 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $237,947 |
| 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 | -$17,258 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $222,002 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $139,421 |
| 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 | $26 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $60 |
| 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 | $217 |
| Office expenses | $738 |
| 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 | $0 |
| Total functional expenses | $140,462 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $142,536 |
| Savings and temporary cash investments | $20 |
| 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 | $142,556 |
| 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 | $0 |
| 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 | $142,556 |
| Total liabilities and net assets/fund balances | $142,556 |
Grants Awarded
Over the last fiscal year, Hiway Credit Union Foundation Inc has awarded $64,000 in support to 4 organizations.
| Grant Recipient | Amount |
|---|---|
St Paul, MN PURPOSE: GILLETE CHILDREN'S SPECIALTY HEALTHCARE - CHILDRENS MIRACLE | $32,000 |
ST PAUL BEYOND THE YELLOW RIBBON PURPOSE: LOCAL SUPPORT FOR MILITARY, VETERANS AND THEIR FAMILY | $14,000 |
St Paul, MN PURPOSE: SUPPORT PROGRAMMING AROUND FOOD | $9,000 |
Roseville, MN PURPOSE: SUPPORT FOR STUDENTS IN NEED | $9,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Thedacare Family Of Foundations Inc Appleton, WI | $89,256,611 | $25,439,996 |
The Hormel Foundation Austin, MN | $1,540,722,314 | $34,366,937 |
South Dakota Community Foundation Pierre, SD | $805,282,495 | $215,504,617 |
Society Of St Vincent De Paul- Twin Cities Minneapolis, MN | $592,562 | $17,408,500 |
Northland Foundation Duluth, MN | $110,895,270 | $27,913,272 |
David Lynch Foundation For Consciousness-Based Education And Fairfield, IA | $9,280,358 | $8,736,448 |
Steve Stricker American Family Insurance Foundation Inc Madison, WI | $5,745,517 | $4,719,862 |
Hope Gospel Mission Inc Eau Claire, WI | $10,860,307 | $6,194,588 |
Community Foundation Of Johnson Coralville, IA | $45,550,796 | $9,673,780 |
The American Center For Philanthropy Inc Northfield, MN | $38,336,369 | $9,301,432 |
Lyon County Riverboat Foundation Inc Rock Rapids, IA | $2,226,608 | $3,365,358 |
Morgan Memorial Foundation Inc Morgan, MN | $3,017,509 | $3,804,451 |