Nonprofit · EIN 04-3740017
MINNESOTA CREDIT UNION FOUNDATION INC
Tax-exempt · SAINT PAUL, MN 55102
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $448,279 | $1,033,748 | -$585,469 | $506,564 | $22,288 | $484,276 |
| December 31, 2023 | 990 | $462,196 | $261,194 | $201,002 | $1,069,745 | $0 | $1,069,745 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $442,671
- Program service revenue
- $0
- Investment income
- $23,858
- Net income from fundraising events
- -$18,250
- Other revenue
- -$18,250
Expenses
- Grants and similar amounts paid
- $962,046
- Salaries, compensation and benefits (total)
- $0
- Professional fundraising fees
- $0
- Program services (functional)
- $1,012,658
- Management and general (functional)
- $17,257
- Fundraising (functional)
- $3,833
Balance sheet and other
- Total assets, start of year
- $1,069,745
- Total assets, end of year
- $506,564
- Total liabilities, end of year
- $22,288
- Net assets, end of year
- $484,276
- Net assets without donor restrictions
- $313,350
- Net assets with donor restrictions
- $170,926
- Gross receipts
- $482,724
- Employees
- 0
- Volunteers
- 25
- Year formed
- 1969
- State of legal domicile
- MN
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990 for the year ended December 31, 2024, highest compensation first.
| Name | Title | Hours / week | Compensation | From related orgs | Other / benefits |
|---|---|---|---|---|---|
| MARA HUMPHREY | PRESIDENT Officer | 0.5 | $0 | $331,133 | $9,803 |
| CAITLIN BRAMA | DIRECTOR Trustee or director | 0.5 | $0 | $0 | $0 |
| DOUG HALLSTROM | DIRECTOR Trustee or director | 0.5 | $0 | $0 | $0 |
| TRINA HOFF | DIRECTOR Trustee or director | 0.5 | $0 | $0 | $0 |
| MARY MATHESON | DIRECTOR Trustee or director | 0.5 | $0 | $0 | $0 |
| SUE PALEN | DIRECTOR Trustee or director | 0.5 | $0 | $0 | $0 |
| DOUG RALSTON | CHAIR Officer | 0.5 | $0 | $0 | $0 |
| KAYLA REIFFENBERGER | VICE CHAIR Officer | 0.5 | $0 | $0 | $0 |
990 for the year ended December 31, 2023: 10 people
| Name | Title | Hours / week | Compensation | From related orgs | Other / benefits |
|---|---|---|---|---|---|
| MARK CUMMINS | PRESIDENT Former | 0.5 | $0 | $312,786 | $19,637 |
| MARA HUMPHREY | PRESIDENT Officer | 0.5 | $0 | $279,224 | $8,240 |
| CAITLIN BRAMA | DIRECTOR Trustee or director | 0.5 | $0 | $0 | $0 |
| GLEN DURBAHN | DIRECTOR Trustee or director | 0.5 | $0 | $0 | $0 |
| DOUG HALLSTROM | DIRECTOR Trustee or director | 0.5 | $0 | $0 | $0 |
| MARY MATHESON | DIRECTOR Trustee or director | 0.5 | $0 | $0 | $0 |
| SUE PALEN | DIRECTOR Trustee or director | 0.5 | $0 | $0 | $0 |
| TRINA HOFF | SECRETARY/TR Officer | 0.5 | $0 | $0 | $0 |
| DOUG RALSTON | CHAIR Officer | 0.5 | $0 | $0 | $0 |
| KAYLA REIFFENBERGER | VICE CHAIR Officer | 0.5 | $0 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- 555 WABASHA ST N STE 200, SAINT PAUL, MN 55102-1610
- In care of
- % EVE BORENSTEIN
- Principal officer (990 for 2024)
- MARA HUMPHREY, 555 WABASHA STREET NORTH SUITE 20, ST PAUL, MN 55102
- Signed the 990
- MARA HUMPHREY, PRESIDENT
- Phone
- (651) 288-5170
- Website
- WWW.MNCUN.ORG
- Return prepared by
- MYSLAJEK KEMP & SPENCER LTD
Mission
TO PROMOTE THE DEVELOPMENT OF CHALLENGED CREDIT UNIONS IN MINNESOTA & THEIR COMMUNITIES THROUGH ASSISTANCE AND EDUCATION, AND TO SUPPORT THE GREATER SOCIAL MISSION OF THE CREDIT UNION MOVEMENT.
Program accomplishments
- CREDIT UNION FOR KIDS IS AN ONGOING PROGRAM THAT THE ORGANIZATION CONTINUES TO RAISE FUNDS TO SUPPORT THE GILLETTE CHILDREN'S SPECIALTY HEALTHCARE AND INCLUDED IN THIS IS THE CHILDREN'S MIRACLE NETWORK. ALL OF THE DONATIONS RECEIVED BY THE ORGANIZATION DURING THE YEAR ARE GIVEN TO HELP THE CHILDREN. THE MNCU4KIDS COMMITTEE HELD 6 STATEWIDE FUNDRAISERS IN 2024 AND SOME DONORS HELD MINOR FUNDRAISERS THAT RAISED MORE FUNDS TO GIVE TO THE GILLETTE CHILDREN' S SPECIALTY HEALTHCARE.Expenses $127,720 · grants $127,720
- GRANTS TO 18 MEMBER CREDIT UNIONS TO COVER THE REGISTRATION AND LODGING COSTS OF ATTENDING CONFERENCES WITH THE PRIMARY PURPOSES OF EDUCATION AND TRAINING RELATING TO ISSUES FACING CREDIT UNIONS AND THE PEOPLE INVOLVED.Expenses $45,949 · grants $45,949
- A ONE TIME GRANT WAS GIVEN TO A CREDIT UNION IN 2024 TO HELP FUND ITS STARTUP. THE TOTAL GRANT AWARDED WAS 788,377.Expenses $788,377 · grants $788,377
- SCHOLARSHIPS WERE AWARDED TO CREDIT UNION MEMBERS AND THEIR CHILDREN, GRANDCHILDREN, OR OTHER DEPENDENTS. SIXTEEN 1,000 SCHOLARSHIP'S WERE AWARDED IN 2024. THE SCHOLARSHIPS ARE FOR POST SECONDARY EDUCATION AND ARE AWARDED TO WRITING CONTEST WINNERS BASED ON A QUESTION ABOUT THE CREDIT UNION MOVEMENT. THE ORGANIZATION CONTINUES TO NETWORK AND MAINTAIN A WEBSITE IN AN EFFORT TO RECEIVE CONTRIBUTIONS SO IT MAY CONTINUE TO FURTHER IT'S EXEMPT PURPOSE. IN ADDITION THE ORGANIZATION CONTINUES TO HELP MEMBERS FURTHER THEIR EDUCATION.Expenses $50,612
What it must file and when
IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in December, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | December 31, 2025 | May 15, 2026 | Not on file |
| 2024 | December 31, 2024 | May 15, 2025 | 990 on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990 on file |
IRS record
- EIN
- 04-3740017
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Publicly supported organization (170(b)(1)(A)(vi))
- Donations deductible (Pub 78)
- Public charity, 50% deduction limit
- Exempt since
- 2007
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Philanthropy, voluntarism and grantmaking foundations (T30)
- Assets (IRS master file)
- $506,564
- Income (IRS master file)
- $482,724
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $448,279 | $1,033,748 | $506,564 | IRS |
| 990 | December 2023 | $462,196 | $261,194 | $1,069,745 | XML |
| 990 | December 2022 | $607,518 | $261,731 | $878,020 | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990 | December 2020 | – | – | – | IRS |
| 990 | December 2018 | – | – | – | IRS |
| 990 | December 2017 | – | – | – | IRS |
990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 04-3740017).
Questions about MINNESOTA CREDIT UNION FOUNDATION INC
- What is the EIN of MINNESOTA CREDIT UNION FOUNDATION INC?
- The employer identification number (EIN) of MINNESOTA CREDIT UNION FOUNDATION INC is 04-3740017.
- Is MINNESOTA CREDIT UNION FOUNDATION INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2007.
- Are donations to MINNESOTA CREDIT UNION FOUNDATION INC tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does MINNESOTA CREDIT UNION FOUNDATION INC file?
- Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
- When is the next return of MINNESOTA CREDIT UNION FOUNDATION INC due?
- The return for tax year 2025 (the year ending December 31, 2025) is due May 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did MINNESOTA CREDIT UNION FOUNDATION INC last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended December 2024.
- Who is the principal officer of MINNESOTA CREDIT UNION FOUNDATION INC?
- The 990 for the year ended December 31, 2024 names MARA HUMPHREY.
- Who are the officers and directors of MINNESOTA CREDIT UNION FOUNDATION INC?
- The 990 for the year ended December 31, 2024 lists 8 people; 0 received compensation from the organization.
- How much revenue does MINNESOTA CREDIT UNION FOUNDATION INC have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $448,279, expenses of $1,033,748 and total assets of $506,564 at year end.
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All nonprofits in SAINT PAUL · Minnesota · Philanthropy, voluntarism and grantmaking foundations