Nonprofit · EIN 45-3838047
FINANCIAL EDUCATION OF MINNESOTA
Tax-exempt · ST LOUIS PARK, MN 55416
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2025 | 990-EZ | $96,758 | $78,360 | $18,398 | $269,719 | $2,990 | $266,729 |
| December 31, 2024 | 990-EZ | $66,119 | $53,273 | $12,846 | $250,905 | $2,574 | $248,331 |
| December 31, 2023 | 990-EZ | $57,486 | $51,493 | $5,993 | $238,859 | $3,374 | $235,485 |
Financial details: 990-EZ for the year ended December 31, 2025
Revenue
- Contributions, gifts and grants
- $20,000
- Program service revenue
- $70,386
- Investment income
- $6,372
Expenses
- Compensation of officers, directors and key employees
- $29,300
- Salaries, compensation and benefits (total)
- $51,318
- Professional fees and payments to contractors
- $1,490
- Occupancy
- $3,388
- Other expenses
- $22,164
- Program services (functional)
- $59,938
Balance sheet and other
- Total assets, start of year
- $250,905
- Total assets, end of year
- $269,719
- Total liabilities, end of year
- $2,990
- Net assets, end of year
- $266,729
- Cash, savings and investments
- $269,719
- Gross receipts
- $96,758
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-EZ for the year ended December 31, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| RAYEANN HOFFMAN | Sec/TREASURER | 26 | $29,300 |
| JIM RHODES | Chairman | 1 | $0 |
| JOHN HOFFMAN | VICE CHAIRMAN | 1 | $0 |
| DICK FISHER | Director | 1 | $0 |
| JOAN MOLENAAR | Director | 1 | $0 |
990-EZ for the year ended December 31, 2024: 5 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| RAYEANN HOFFMAN | Sec/TREASURER | 26 | $25,000 |
| JIM RHODES | Chairman | 1 | $0 |
| JOHN HOFFMAN | VICE CHAIRMAN | 1 | $0 |
| DICK FISHER | Director | 1 | $0 |
| JOAN MOLENAAR | Director | 1 | $0 |
990-EZ for the year ended December 31, 2023: 5 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| RAYEANN HOFFMAN | Sec/TREASURER | 26 | $23,850 |
| JIM RHODES | Chairman | 1 | $0 |
| JOHN HOFFMAN | VICE CHAIRMAN | 1 | $0 |
| DICK FISHER | Director | 1 | $0 |
| JOAN MOLENAAR | Director | 1 | $0 |
Address and contacts
- Address (IRS master file)
- 5871 CEDAR LAKE RD S STE 105, ST LOUIS PARK, MN 55416-1478
- Signed the 990-EZ
- RAYEANN HOFFMAN, Sec/Treasurer
- Phone
- (952) 593-7716
- Website
- WWW.FINANCIALEDUCATIONMN.ORG
- Return prepared by
- Petersen Professionals PC
Mission
FINANCIAL EDUCATION OF MINNESOTA IS COMMITTED TO HELPING OUR CLIENTS BY UNDERSTANDING THEIR SITUATION & MAKING RECOMMENDATIONS THAT WILL HELP THEM ACHIEVE THEIR BUDGET & DEBT REPAYMENT GOALS. WE STRIVE TO MAINTAIN TRAINING & QUALITY SYSTEMS THAT WILL ALLOW OUR COUNSELORS & CLIENT SERVICE TEAM TO PROVIDE A POSITIVE EXPERIENCE FOR OUR CLIENTS. WE COMMIT TO CONTINUALLY IMPROVE OUR QUALITY SYSTEM. WE ALSO PROVIDE RELEVANT, PRACTICAL BUDGET/DEBT/CREDIT EDUCATION TO CHURCHES, SCHOOLS, EMPLOYERS & OTHER COMMUNITY GROUPS.
Program accomplishments
- BUDGETING & CREDIT COUNSELING: Financial Education of Minnesota provides budgeting & credit counseling to groups & individuals. In 2025 we taught 156 group classes & 30 individual classes.Expenses $59,938
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 | 990-EZ on file |
| 2024 | December 31, 2024 | May 15, 2025 | 990-EZ on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990-EZ on file |
IRS record
- EIN
- 45-3838047
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Publicly supported organization (509(a)(2))
- Donations deductible (Pub 78)
- Public charity, 50% deduction limit
- Exempt since
- 2014
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Human services (P51)
- Assets (IRS master file)
- $269,719
- Income (IRS master file)
- $96,758
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990-EZ | December 2025 | $96,758 | $78,360 | $269,719 | XML |
| 990-EZ | December 2024 | $66,119 | $53,273 | $250,905 | XML |
| 990-EZ | December 2023 | $57,486 | $51,493 | $238,859 | XML |
| 990-EZ | December 2022 | – | – | – | IRS |
| 990-EZ | December 2021 | – | – | – | IRS |
| 990-EZ | December 2020 | – | – | – | IRS |
| 990 | December 2018 | – | – | – | 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 45-3838047).
Questions about FINANCIAL EDUCATION OF MINNESOTA
- What is the EIN of FINANCIAL EDUCATION OF MINNESOTA?
- The employer identification number (EIN) of FINANCIAL EDUCATION OF MINNESOTA is 45-3838047.
- Is FINANCIAL EDUCATION OF MINNESOTA tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2014.
- Are donations to FINANCIAL EDUCATION OF MINNESOTA tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does FINANCIAL EDUCATION OF MINNESOTA 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 FINANCIAL EDUCATION OF MINNESOTA due?
- The return for tax year 2026 (the year ending December 31, 2026) is due May 17, 2027. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did FINANCIAL EDUCATION OF MINNESOTA last file with the IRS?
- The latest return in the IRS public files is the 990-EZ for the year ended December 2025.
- Who are the officers and directors of FINANCIAL EDUCATION OF MINNESOTA?
- The 990-EZ for the year ended December 31, 2025 lists 5 people; 1 received compensation from the organization, the highest $29,300 (RAYEANN HOFFMAN, Sec/TREASURER).
- How much revenue does FINANCIAL EDUCATION OF MINNESOTA have?
- On its 990-EZ for the year ended December 31, 2025 it reported revenue of $96,758, expenses of $78,360 and total assets of $269,719 at year end.
Other nonprofits in ST LOUIS PARK
- SAINT THERESE OF NEW HOPE EIN 41-0888641 · last filed 990 for 2025
- SHOLOM FOUNDATION EIN 36-3411361 · last filed 990 for 2025
- LE COEUR DU PARTAGE D ETIENNE INC EIN 93-2212025 · last filed 990 for 2024
- A BOOK OF MY OWN EIN 99-0926228 · last filed 990-EZ for 2025
- OPERATION FOXHOLE EIN 86-3318941 · last filed 990-N for 2022
- WOMENS CHRISTIAN RESOURCE CENTER EIN 83-4367024 · last filed 990-N for 2025
- INNOVE STUDIOS EIN 81-4433174 · last filed 990-N for 2022
- NORTH STAR THERAPY ANIMALS EIN 45-2721288 · last filed 990-N for 2025
All nonprofits in ST LOUIS PARK · Minnesota · Human services