Minnco Credit Union Foundation Inc
- Assets
- $34.0k
- Revenue
- $52.9k
- Investments
- $0.0
- Employees
- 0
- Location
- Cambridge, MN
- Founding
- 04/2017
- Data as of
- 12/2021
- EIN
- 81-5299610
Organization Overview
Minnco Credit Union Foundation Inc is located in Cambridge, MN. The organization was established in 2017. According to its NTEE Classification (T99) the organization is classified as: Philanthropy, Voluntarism & Grantmaking Foundations N.E.C., 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. Minnco 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, Minnco Credit Union Foundation Inc generated $52.9k in total revenue. This organization has experienced exceptional growth, as over the past 5 years, it has increased revenue by an average of 26.0% each year . All expenses for the organization totaled $43.5k during the year ending 12/2021. You can explore the organizations financials more deeply in the financial statements section below.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2021
Describe the Organization's Program Activity:
Part 3 - Line 4a
FOOD DRIVE FOR LOCAL FOOD SHELVES. THREE ORGANIZATIONS
HOLIDAY MOMENTS. HELP PROVID CHRISTMAS GIFTS FOR OVER 200
BANZAI. INCREASE FINANCIAL LITERACY FOR MIDDLE AND HIGH
SCHOOL SUPPLY DRIVE. SCHOOL SUPPLY MONEY WAS RAISED AND
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Christine Eblen Treasurer | 2 | $0 | |
Chris Wester Secretary | 2 | $0 | |
Doug Hallstrom Member | 1 | $0 | |
John Wendland President | 4 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $25,288 |
| Interest on Savings | $13 |
| 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 | $27,619 |
| Other Income | $0 |
| Total Revenue | $52,920 |
| 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 | $463 |
| Total operating and administrative expenses | $1,069 |
| Contributions, gifts, grants paid | $42,438 |
| Total expenses and disbursements | $43,507 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $33,960 |
| Net Accounts receivable | $0 |
| 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 | $33,960 |
| 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, Minnco Credit Union Foundation Inc has awarded $3,450 in support to 10 organizations.
| Grant Recipient | Amount |
|---|---|
CAMBRIDGE FIRE DEPT PURPOSE: COMMUNITY ASST | $500 |
ISANTI COUNTY SHERIFF PURPOSE: PROJ LIFESAVER | $500 |
ANGEL TREE PURPOSE: UNITE FAMILIES | $400 |
FEED MY STARVING CHILDR PURPOSE: STOP HUNGER | $325 |
Anoka, MN PURPOSE: SHELTER ASSIST | $300 |
ALEXANDRA HOUSE DOMESTI PURPOSE: SHELTER ASSIST | $300 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
The Burke Foundation Inc Milwaukee, WI | $121,362,007 | $6,169,378 |
Stratis Health Minneapolis, MN | $5,273,023 | $5,800,389 |
Saint Therese St Louis Park, MN | $14,478,951 | $6,726,617 |
Vine And Branches Foundation Inc Brookfield, WI | $8,641,827 | $2,521,561 |
Association Of State Floodplain Managers Inc Madison, WI | $3,465,086 | $3,791,524 |
Hope Haven Support Foundation Rock Valley, IA | $16,499,629 | $3,667,660 |
Butler Family Foundation Dubuque, IA | $48,442,192 | $3,565,783 |
The Lifespace Foundation West Des Moines, IA | $10,594,688 | $4,860,714 |
Realty Holdings Inc Of The Quad Cities Community Foundation Bettendorf, IA | $2,330,664 | $13,430 |
Guardian Angels Of Elk River Inc Elk River, MN | $19,468,009 | $4,444,472 |
Prop Shop Of Eden Prairie Eden Prairie, MN | $2,074,814 | $1,983,377 |
Northeastern Wisconsin Area Health Education Center Inc Manitowoc, WI | $935,274 | $1,545,706 |