Civic Intelligence

Minnesota Credit Union Foundation Inc

EIN 04-3740017 • 501(c)3 • St Paul, MN

Profile

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.

555 Wabasha St N Suite 200St Paul, MN 55102

www.mncun.org

Siviq Scores

Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.

Liabilities / Assets

59th percentile

0.04x

Higher debt load relative to assets than 59% of similar nonprofits.

501(c)3 • $500k-$1M nonprofits • Source year 2024

Liabilities / Revenue

61st percentile

0.05x

Higher debt load relative to revenue than 61% of similar nonprofits.

501(c)3 • $500k-$1M nonprofits • Source year 2024

Net Margin

3rd percentile

-131%

Higher net margin than 3% of similar nonprofits.

501(c)3 • $500k-$1M nonprofits • Source year 2024

Top Officer Pay

99th percentile

$332,423

Higher top officer pay than 99% of similar nonprofits.

Top officer pay equals 71.9% of source-year revenue.

501(c)3 • $500k-$1M nonprofits • Source year 2023

Asset Growth

5th percentile

-53%

Faster asset growth than 5% of similar nonprofits.

501(c)3 • $500k-$1M nonprofits • Annualized from 2023 to 2024

Revenue Growth

33rd percentile

-3.0%

Faster revenue growth than 33% of similar nonprofits.

501(c)3 • $500k-$1M nonprofits • Annualized from 2023 to 2024

Assets

Down

$506,564

Down $563,181 (-53%) from 2023

Liabilities

Up

$22,288

Up $22,288 from 2023

Net Assets

Down

$484,276

Down $585,469 (-55%) from 2023

Revenue

Down

$448,279

Down $13,917 (-3.0%) from 2023

Expenses

Up

$1,033,748

Up $772,554 (+296%) from 2023

Net Income

Down

-$585,469

Down $786,471 (-391%) from 2023

Trend Graphs

Balance Sheet Trend

Grouped bars show assets, liabilities, and net assets across loaded filings.

$1.5M$1.0M$500K$0Assets 2011: $83,458Liabilities 2011: $1,263Net Assets 2011: $82,1952011Assets 2012: $97,313Liabilities 2012: $1,256Net Assets 2012: $96,0572012Assets 2013: $94,507Liabilities 2013: $820Net Assets 2013: $93,6872013Assets 2014: $145,804Liabilities 2014: $618Net Assets 2014: $145,1862014Assets 2015: $146,985Liabilities 2015: $942Net Assets 2015: $146,0432015Assets 2016: $159,248Liabilities 2016: $77Net Assets 2016: $159,1712016Assets 2017: $189,788Liabilities 2017: $9,436Net Assets 2017: $180,3522017Assets 2018: $274,073Liabilities 2018: $20,026Net Assets 2018: $254,0472018Assets 2019: $272,971Liabilities 2019: $2,871Net Assets 2019: $270,1002019Assets 2020: $267,809Liabilities 2020: $7,391Net Assets 2020: $260,4182020Assets 2021: $524,177Liabilities 2021: $1,221Net Assets 2021: $522,9562021Assets 2022: $878,020Liabilities 2022: $9,277Net Assets 2022: $868,7432022Assets 2023: $1,069,745Liabilities 2023: $0Net Assets 2023: $1,069,7452023Assets 2024: $506,564Liabilities 2024: $22,288Net Assets 2024: $484,2762024

Highlighted filing

2024

Assets$506,564
Liabilities$22,288
Net Assets$484,276

Operations Trend

Revenue, expenses, and net income by year, with the latest filing highlighted.

$1.5M$1.0M$500K$0-$500K-$1.0MRevenue 2011: $131,751Expenses 2011: $144,547Net Income 2011: -$12,7962011Revenue 2012: $154,188Expenses 2012: $140,326Net Income 2012: $13,8622012Revenue 2013: $162,105Expenses 2013: $164,475Net Income 2013: -$2,3702013Revenue 2014: $212,546Expenses 2014: $161,047Net Income 2014: $51,4992014Revenue 2015: $167,923Expenses 2015: $167,066Net Income 2015: $8572015Revenue 2016: $162,923Expenses 2016: $149,795Net Income 2016: $13,1282016Revenue 2017: $174,100Expenses 2017: $152,919Net Income 2017: $21,1812017Revenue 2018: $282,960Expenses 2018: $209,266Net Income 2018: $73,6942018Revenue 2019: $259,866Expenses 2019: $243,813Net Income 2019: $16,0532019Revenue 2020: $211,586Expenses 2020: $221,268Net Income 2020: -$9,6822020Revenue 2021: $425,621Expenses 2021: $163,083Net Income 2021: $262,5382021Revenue 2022: $607,518Expenses 2022: $261,731Net Income 2022: $345,7872022Revenue 2023: $462,196Expenses 2023: $261,194Net Income 2023: $201,0022023Revenue 2024: $448,279Expenses 2024: $1,033,748Net Income 2024: -$585,4692024

Highlighted filing

2024

Revenue$448,279
Expenses$1,033,748
Net Income-$585,469

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$0.51$0.02$0.48$0.45$1.03$0.59
2023Detailed filing. Detailed filing data is available for this year.$1.07$0.00$1.07$0.46$0.26$0.20
2022Detailed filing. Detailed filing data is available for this year.$0.88$0.01$0.87$0.61$0.26$0.35
2021Detailed filing. Detailed filing data is available for this year.$0.52$0.00$0.52$0.43$0.16$0.26
2020Detailed filing. Detailed filing data is available for this year.$0.27$0.01$0.26$0.21$0.22$0.01
2019Detailed filing. Detailed filing data is available for this year.$0.27$0.00$0.27$0.26$0.24$0.02
2018Detailed filing. Detailed filing data is available for this year.$0.27$0.02$0.25$0.28$0.21$0.07
2017Detailed filing. Detailed filing data is available for this year.$0.19$0.01$0.18$0.17$0.15$0.02
2016Detailed filing. Detailed filing data is available for this year.$0.16$0.00$0.16$0.16$0.15$0.01
2015Detailed filing. Detailed filing data is available for this year.$0.15$0.00$0.15$0.17$0.17$0.00
2014Summary only. Only limited summary data is available for this year.$0.15$0.00$0.15$0.21$0.16$0.05
2013Summary only. Only limited summary data is available for this year.$0.09$0.00$0.09$0.16$0.16$0.00
2012Summary only. Only limited summary data is available for this year.$0.10$0.00$0.10$0.15$0.14$0.01
2011Summary only. Only limited summary data is available for this year.$0.08$0.00$0.08$0.13$0.14$0.01
Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jan 1, 2024 to Dec 31, 2024
Signed
Nov 13, 2025
Return Version
2024v5.0
Gross Receipts
$482,724
Mission and Program Overview

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.

Balance Sheet Detail
LineBeginningEndChange
Assets
Savings and Temporary Cash Investments$1,061,595$500,954▼ $560,641
Accounts Receivable$8,151$5,610▼ $2,541
Cash and Non-Interest-Bearing Accounts$-1--
Total Assets$1,069,745$506,564▼ $563,181
Liabilities
Accounts Payable and Accrued Expenses-$22,288-
Total Liabilities$0$22,288▲ $22,288
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$291,772$313,350▲ $21,578
Net Assets With Donor Restrictions$777,973$170,926▼ $607,047
Total Net Assets Fund Balance$1,069,745$484,276▼ $585,469
Total Liabilities and Net Assets / Fund Balance$1,069,745$506,564▼ $563,181
Compensation and Service Providers

Board Members and Trustees

NameTitle
Doug RalstonChair
Mara HumphreyPresident
Kayla ReiffenbergerVice Chair
Caitlin BramaDirector
Doug HallstromDirector
Mary MathesonDirector
Sue PalenDirector
Trina HoffDirector
Revenue and Support

Revenue Composition

Contributions and Grants
$442,671
Program Service Revenue
$0
Investment Income
$23,858
Other Revenue
$-18,250
All Other Contributions
$290,890
Change in Net Assets
$-585,469
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$962,046
Other Expenses$71,702
Total Fundraising Expense$3,833
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Orgs$962,046--$962,046
All Other Expenses$7,724-$1,062$8,786
Other Expenses$7,595$6,385-$7,595
Conferences and Meetings-$5,458-$5,458
Office Expenses$1,773$1,722$1,722$5,217
Fees for Services Other-$3,692-$3,692
Advertising$1,047-$1,049$2,096
Total Functional Expenses$1,012,658$17,257$3,833$1,033,748
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
Arise Community Credit UnionMinneapolis, MN-Financial Assistance$788,377
CHILDREN'S MIRACLE NETWORKSalt Lake City, UT-Provide Care to Kids$127,720
North Memorial Federal CuRobbinsdale, MN-Education$5,300
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Direct Expenses$34,445
Fundraising Gross Income$16,195
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Chain of Hearts$71,096---
Golf Tournament$41,934$10,158$10,158$0
Total Events$167,976$16,195$34,445$-18,250
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Business relationship with 35% controlled entity
No
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
No
Other officer compensation reviewed
No
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
Yes
Management duties delegated
No

Governance Explanations

Form 990, Page 6, Part VI, Line 6

The members of the foundation are the 9 members of the mn credit union network board of directors.

Form 990, Page 6, Part VI, Line 7A

The membership elects the foundation's board of directors and provides ove rsight.

Form 990, Page 6, Part VI, Line 7B

The only decisions are those designated in the by-laws and articles of inc orporation, such as the amending of said documents.

Form 990, Page 6, Part VI, Line 11B

The board meets to review all the amounts reported for reconciliation with financial statements and to review all responses to inquiries for accuracy. Approval from the organization's officers is obtained before the return is signed and mailed.

Form 990, Page 6, Part VI, Line 19

UPON REQUEST.

Filing and Contact Details

Filer

Filer Name
Minnesota Credit Union Foundation
EIN
04-3740017
Phone
6512885170
Address
555 WABASHA ST N SUITE 200, ST PAUL, MN 55102

Signing Officer

Name
Mara Humphrey
Title
President
Phone
6512885170
Signed
2025-11-13
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Mara Humphrey
Formed
1969
Legal Domicile
Mn
Voting Board Members
8
Independent Board Members
8
Employees
0
Volunteers
25

Preparer

Firm
Myslajek Kemp & Spencer Ltd
Address
1000 SHELARD PARKWAY 6TH FLOOR, ST LOUIS PARK, MN 55426
Preparer
Jacob J Leech CPA
Phone
9525444147
Supplemental Narrative

Additional Explanations

Form 990, Page 2, Part III, Line 4D

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.

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IRS990/ProgSrvcAccomActyOtherGrp/Desc0SCHOLARSHIPS 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.
IRS990/ProgSrvcAccomActyOtherGrp/ExpenseAmt050612
IRS990/ProhibitedTaxShelterTransInd0false
IRS990/PYContributionsGrantsAmt0449933
IRS990/PYExcessBenefitTransInd0false
IRS990/PYGrantsAndSimilarPaidAmt0192984
IRS990/PYInvestmentIncomeAmt017765
IRS990/PYOtherExpensesAmt068210
IRS990/PYOtherRevenueAmt0-5502
IRS990/PYRevenuesLessExpensesAmt0201002
IRS990/PYTotalExpensesAmt0261194
IRS990/PYTotalRevenueAmt0462196
IRS990/QuidProQuoContributionsInd0false
IRS990/RcvFndsToPayPrsnlBnftCntrctInd0false
IRS990/ReconcilationRevenueExpnssAmt0-585469
IRS990/RegularMonitoringEnfrcInd0false
IRS990/RelatedEntityInd0true
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0false
IRS990/ReportOtherAssetsInd0false
IRS990/ReportOtherLiabilitiesInd0false
IRS990/ReportProgramRelatedInvstInd0false
IRS990/SavingsAndTempCashInvstGrp/BOYAmt01061595
IRS990/SavingsAndTempCashInvstGrp/EOYAmt0500954
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearAmt0442671
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus1YearAmt0449933
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus2YearsAmt0610593
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus3YearsAmt0429418
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus4YearsAmt0211663
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt02144278
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearAmt023858
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus1YearAmt017765
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus2YearsAmt01830
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus3YearsAmt0203
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus4YearsAmt0182
IRS990ScheduleA/GrossInvestmentIncome170Grp/TotalAmt043838
IRS990ScheduleA/PublicOrganization170Ind0X
IRS990ScheduleA/PublicSupportCY170Pct00.98000
IRS990ScheduleA/PublicSupportPY170Pct00.98980
IRS990ScheduleA/PublicSupportTotal170Amt02144278
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY170Ind0X
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearAmt0442671
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus1YearAmt0449933
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus2YearsAmt0610593
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus3YearsAmt0429418
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus4YearsAmt0211663
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt02144278
IRS990ScheduleA/TotalSupportAmt02188116
IRS990ScheduleB/ContributorInformationGrp/ContributorBusinessName/BusinessNameLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorNum0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine20RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/City0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/State0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/ZIPCode0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/TotalContributionsAmt0RESTRICTED
IRS990/ScheduleBRequiredInd0true
IRS990ScheduleG/FundraisingEventInformationGrp/CharitableContributionsTotAmt0151781
IRS990ScheduleG/FundraisingEventInformationGrp/CharitableContriEvent1Amt071096
IRS990ScheduleG/FundraisingEventInformationGrp/CharitableContriEvent2Amt031776
IRS990ScheduleG/FundraisingEventInformationGrp/CharitableContriOtherEventsAmt048909
IRS990ScheduleG/FundraisingEventInformationGrp/DirectExpenseSummaryEventsAmt034445
IRS990ScheduleG/FundraisingEventInformationGrp/Event1Nm0CHAIN OF HEARTS
IRS990ScheduleG/FundraisingEventInformationGrp/Event2Nm0GOLF TOURNAMENT
IRS990ScheduleG/FundraisingEventInformationGrp/GrossReceiptsEvent1Amt071096
IRS990ScheduleG/FundraisingEventInformationGrp/GrossReceiptsEvent2Amt041934
IRS990ScheduleG/FundraisingEventInformationGrp/GrossReceiptsOtherEventsAmt054946
IRS990ScheduleG/FundraisingEventInformationGrp/GrossReceiptsTotalAmt0167976
IRS990ScheduleG/FundraisingEventInformationGrp/GrossRevenueEvent2Amt010158
IRS990ScheduleG/FundraisingEventInformationGrp/GrossRevenueOtherEventsAmt06037
IRS990ScheduleG/FundraisingEventInformationGrp/GrossRevenueTotalEventsAmt016195
IRS990ScheduleG/FundraisingEventInformationGrp/NetIncomeSummaryAmt0-18250
IRS990ScheduleG/FundraisingEventInformationGrp/OthDirectExpnssOtherEventsAmt024287
IRS990ScheduleG/FundraisingEventInformationGrp/OthDirectExpnssTotalEventsAmt034445
IRS990ScheduleG/FundraisingEventInformationGrp/OtherDirectExpensesEvent2Amt010158
IRS990ScheduleG/FundraisingEventInformationGrp/OtherEventsTotalCnt04
IRS990ScheduleI/GrantRecordsMaintainedInd0true
IRS990ScheduleI/RecipientTable/CashGrantAmt0788377
IRS990ScheduleI/RecipientTable/CashGrantAmt1127720
IRS990ScheduleI/RecipientTable/CashGrantAmt25300
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt0FINANCIAL ASSISTANCE
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt1PROVIDE CARE TO KIDS
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt2EDUCATION
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt0ARISE COMMUNITY CREDIT UNION
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt1CHILDREN'S MIRACLE NETWORK
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt2NORTH MEMORIAL FEDERAL CU
IRS990ScheduleI/RecipientTable/USAddress/AddressLine1Txt0227 COLFAX AVE SUITE 30A
IRS990ScheduleI/RecipientTable/USAddress/AddressLine1Txt1205 WEST 700 SOUTH
IRS990ScheduleI/RecipientTable/USAddress/AddressLine1Txt23300 OAKDALE AVE N
IRS990ScheduleI/RecipientTable/USAddress/CityNm0MINNEAPOLIS
IRS990ScheduleI/RecipientTable/USAddress/CityNm1SALT LAKE CITY
IRS990ScheduleI/RecipientTable/USAddress/CityNm2ROBBINSDALE
IRS990ScheduleI/RecipientTable/USAddress/StateAbbreviationCd0MN
IRS990ScheduleI/RecipientTable/USAddress/StateAbbreviationCd1UT
IRS990ScheduleI/RecipientTable/USAddress/StateAbbreviationCd2MN
IRS990ScheduleI/RecipientTable/USAddress/ZIPCd055405
IRS990ScheduleI/RecipientTable/USAddress/ZIPCd184101
IRS990ScheduleI/RecipientTable/USAddress/ZIPCd255422
IRS990ScheduleI/SupplementalInformationDetail/ExplanationTxt0THEY RECEIVE FEEDBACK FROM SOME OF THE ORGANIZATIONS THAT THEY HAVE PROVID ED FUNDS TO AND RELATE THAT INFORMATION IN THE ANNUAL REPORT THEY PROVIDE TO THEIR MEMBERS.
IRS990ScheduleI/SupplementalInformationDetail/FormAndLineReferenceDesc0SCHEDULE I, PAGE 1, PART I, LINE 2
IRS990ScheduleI/Total501c3OrgCnt01
IRS990ScheduleJ/AnyNonFixedPaymentsInd0false
IRS990ScheduleJ/BoardOrCommitteeApprovalInd0X
IRS990ScheduleJ/CompBasedOnRevenueOfFlngOrgInd0false
IRS990ScheduleJ/CompBsdNetEarnsFlngOrgInd0false
IRS990ScheduleJ/CompBsdNetEarnsRltdOrgsInd0false
IRS990ScheduleJ/CompBsdOnRevRelatedOrgsInd0false
IRS990ScheduleJ/EquityBasedCompArrngmInd0false
IRS990ScheduleJ/InitialContractExceptionInd0false
IRS990/ScheduleJRequiredInd0true
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompensationBasedOnRltdOrgsAmt0314576
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsRltdOrgsAmt09803
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/OtherCompensationRltdOrgsAmt016557
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm0MARA HUMPHREY
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TitleTxt0PRESIDENT
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationRltdOrgsAmt0340936
IRS990ScheduleJ/SeverancePaymentInd0false
IRS990ScheduleJ/SupplementalNonqualRtrPlanInd0false
IRS990ScheduleJ/WrittenEmploymentContractInd0X
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0SCHOLARSHIPS 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.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE MEMBERS OF THE FOUNDATION ARE THE 9 MEMBERS OF THE MN CREDIT UNION NETWORK BOARD OF DIRECTORS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE MEMBERSHIP ELECTS THE FOUNDATION'S BOARD OF DIRECTORS AND PROVIDES OVE RSIGHT.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3THE ONLY DECISIONS ARE THOSE DESIGNATED IN THE BY-LAWS AND ARTICLES OF INC ORPORATION, SUCH AS THE AMENDING OF SAID DOCUMENTS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4THE BOARD MEETS TO REVIEW ALL THE AMOUNTS REPORTED FOR RECONCILIATION WITH FINANCIAL STATEMENTS AND TO REVIEW ALL RESPONSES TO INQUIRIES FOR ACCURACY. APPROVAL FROM THE ORGANIZATION'S OFFICERS IS OBTAINED BEFORE THE RETURN IS SIGNED AND MAILED.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PAGE 2, PART III, LINE 4D
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PAGE 6, PART VI, LINE 6
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PAGE 6, PART VI, LINE 7A
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PAGE 6, PART VI, LINE 7B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PAGE 6, PART VI, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5FORM 990, PAGE 6, PART VI, LINE 19
IRS990ScheduleR/AssetExchangeInd0false
IRS990ScheduleR/AssetPurchaseFromOtherOrgInd0false
IRS990ScheduleR/AssetSaleToOtherOrgInd0false
IRS990ScheduleR/DivRelatedOrganizationInd0false
IRS990ScheduleR/GiftGrntCapContriFromOthOrgInd0false
IRS990ScheduleR/GiftGrntOrCapContriToOthOrgInd0false
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ControlledOrganizationInd0false
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DirectControllingNACd0N/A
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine1Txt0MINNESOTA CREDIT UNION NETWORK
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/EIN0410417120
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ExemptCodeSectionTxt0501C6
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/LegalDomicileStateCd0MN
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PrimaryActivitiesTxt0CUEDU/SUPP
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/AddressLine1Txt0555 WABASHA ST N 200
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/CityNm0ST PAUL
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/StateAbbreviationCd0MN
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/ZIPCd055102
IRS990ScheduleR/LoansOrGuaranteesFromOthOrgInd0false
IRS990ScheduleR/LoansOrGuaranteesToOtherOrgInd0false
IRS990ScheduleR/PaidEmployeesSharingInd0false
IRS990ScheduleR/PerformOfServicesByOtherOrgInd0false
IRS990ScheduleR/PerformOfServicesForOthOrgInd0false
IRS990ScheduleR/ReceiptOfIntAnntsRntsRyltsInd0false
IRS990ScheduleR/ReimbursementPaidByOtherOrgInd0false
IRS990ScheduleR/ReimbursementPaidToOtherOrgInd0false
IRS990ScheduleR/RentalOfFacilitiesToOthOrgInd0false
IRS990ScheduleR/RentalOfFcltsFromOthOrgInd0false
IRS990ScheduleR/SharingOfFacilitiesInd0false
IRS990ScheduleR/TransferFromOtherOrgInd0false
IRS990ScheduleR/TransferToOtherOrgInd0false
IRS990/SchoolOperatingInd0false
IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/StatesWhereCopyOfReturnIsFldCd0MN
IRS990/SubjectToExcsTaxNetInvstIncInd0false
IRS990/SubjectToProxyTaxInd0false
IRS990/SubjToTaxRmnrtnExPrchtPymtInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt01069745
IRS990/TotalAssetsEOYAmt0506564
IRS990/TotalAssetsGrp/BOYAmt01069745
IRS990/TotalAssetsGrp/EOYAmt0506564
IRS990/TotalCompGreaterThan150KInd0true
IRS990/TotalContributionsAmt0442671
IRS990/TotalEmployeeCnt00
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt03833
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt017257
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt01012658
IRS990/TotalFunctionalExpensesGrp/TotalAmt01033748
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesEOYAmt022288
IRS990/TotalLiabilitiesGrp/BOYAmt00
IRS990/TotalLiabilitiesGrp/EOYAmt022288
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt01069745

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