Southpoint Financial Credit Union Foundation
- Assets
- $61.8k
- Revenue
- $32.4k
- Investments
- $0.0
- Employees
- 0
- Location
- Sleepy Eye, MN
- Founding
- 01/2018
- Data as of
- 12/2021
- EIN
- 82-3572824
Organization Overview
Southpoint Financial Credit Union Foundation is located in Sleepy Eye, MN. The organization was established in 2018. According to its NTEE Classification (A12) the organization is classified as: Fund Raising & Fund Distribution, under the broad grouping of Arts, Culture & Humanities and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Southpoint Financial 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 12/2021, Southpoint Financial Credit Union Foundation generated $32.4k in total revenue. This organization has experienced exceptional growth, as over the past 4 years, it has increased revenue by an average of 12.7% each year . All expenses for the organization totaled $27.8k during the year ending 12/2021. While expenses have increased by 11.5% per year over the past 4 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.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Troy Diedrich President | 1 | $0 | |
Matthew Lux Vice President | 1 | $0 | |
Scott Surprenant Treasurer | 1 | $0 | |
Robert Weiss Secretary | 1 | $0 | |
Jay Gostonczik Director | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $32,376 |
| Interest on Savings | $62 |
| 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 | $0 |
| Other Income | $0 |
| Total Revenue | $32,438 |
| 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 | $25 |
| Total operating and administrative expenses | $1,303 |
| Contributions, gifts, grants paid | $26,500 |
| Total expenses and disbursements | $27,803 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $10,066 |
| Savings and temporary cash investments | $51,741 |
| 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 | $61,807 |
| 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, Southpoint Financial Credit Union Foundation has awarded $26,500 in support to 11 organizations.
| Grant Recipient | Amount |
|---|---|
ST MARY'S SLEEPY EYE SCHOOL PURPOSE: TECHNOLOGY GRANT | $10,000 |
MLC MISSION ADVANCEMENT PURPOSE: PROGRAM GRANT | $5,000 |
St Paul, MN PURPOSE: PROGRAM GRANT | $2,500 |
ISD 88 FOUNDATIONCTE CENTER PURPOSE: PROGRAM GRANT | $2,500 |
MARTIN LUTHER COLLEGE - JUSTUS BORGWARDT PURPOSE: SCHOLARSHIP | $1,000 |
MINNESOTA STATE UNIVERSITY MANKATO - AUSTIN HILES PURPOSE: SCHOLARSHIP | $1,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
United Performing Arts Fund Inc Milwaukee, WI | $14,391,026 | $9,375,574 |
Arts Midwest Minneapolis, MN | $13,049,827 | $7,597,060 |
Bravo Greater Des Moines Inc Des Moines, IA | $3,545,703 | $5,885,208 |
Arts Partnership Saint Paul, MN | $39,537,439 | $5,290,504 |
Ros Foundation Greenfield, WI | $30,196,896 | $3,469,836 |
4 Cornerstones Foundation Edina, MN | $53,350,133 | $54,622,494 |
Milwaukee Youth Arts Center Foundation Inc Milwaukee, WI | $10,317,722 | $10,905,403 |
Copernicus Cultural Foundation Of Stevens Point Wisconsin Inc Mosinee, WI | $845,687 | $1,133,742 |
American Friends Of The Prado Museum Minneapolis, MN | $9,205,825 | $155,021 |
Randy And Nancy Trachte Family Foundation Inc Middleton, WI | $1,703,536 | $192,699 |
Harlan Boss Foundation For The Arts Minneapolis, MN | $2,950,216 | $594,683 |
Milwaukee Arts Partners Corporation Milwaukee, WI | $126,207 | $252,200 |