Civic Intelligence

Minnesota Credit Union Foundation Inc.

990 • Fiscal year 2016 • EIN 04-3740017

Jan 01, 2016 to Dec 31, 2016 • Filed on Nov 07, 2017

Organization Profilewww.mncun.org
555 Wabasha St NSt Paul, MN 55102

(651) 288-5170

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

56th percentile

0.00x

Higher debt load relative to assets than 56% of similar nonprofits.

2016 filings • 501(c)3 • <$500k nonprofits • Source year 2016

Liabilities / Revenue

56th percentile

0.00x

Higher debt load relative to revenue than 56% of similar nonprofits.

2016 filings • 501(c)3 • <$500k nonprofits • Source year 2016

Net Margin

61st percentile

8.1%

Higher net margin than 61% of similar nonprofits.

2016 filings • 501(c)3 • <$500k nonprofits • Source year 2016

Top Officer Pay

100th percentile

$356,884

Higher top officer pay than 100% of similar nonprofits.

Top officer pay equals 219.1% of source-year revenue.

2016 filings • 501(c)3 • <$500k nonprofits • Source year 2016

Asset Growth

61st percentile

8.3%

Faster asset growth than 61% of similar nonprofits.

2016 filings • 501(c)3 • <$500k nonprofits • Annualized from 2015 to 2016

Revenue Growth

44th percentile

-3.0%

Faster revenue growth than 44% of similar nonprofits.

2016 filings • 501(c)3 • <$500k nonprofits • Annualized from 2015 to 2016

Balance Sheet
Liabilities / Assets56th percentile

Assets

Up

$159,248

Up $12,263 (+8.3%) from 2015

Net Assets

Up

$159,171

Up $13,128 (+9.0%) from 2015

Liabilities

Down

$77

Down $865 (-92%) from 2015

Revenue And Expenses
Liabilities / Revenue56th percentileNet Margin61st percentile

Revenue

Down

$162,923

Down $5,000 (-3.0%) from 2015

Expenses

Down

$149,795

Down $17,271 (-10%) from 2015

Net Income

Up

$13,128

Up $12,271 (+1432%) from 2015

Historical Trend

Balance Sheet Trend

Asset Growth61st percentile

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$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

2016

Assets$159,248
Liabilities$77
Net Assets$159,171
Open 2016 Filing

Operations Trend

Revenue Growth44th percentile

Revenue, expenses, and net income across loaded years, with this 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

2016

Revenue$162,923
Expenses$149,795
Net Income$13,128
Open 2016 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2016 to Dec 31, 2016
Signed
Nov 7, 2017
Return Version
2016v3.0
Gross Receipts
$190,275
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$143,331$156,624▲ $13,293
Prepaid Expenses and Deferred Charges-$1,761-
Accounts Receivable$3,654$863▼ $2,791
Cash and Non-Interest-Bearing Accounts-$0-
Other Notes and Loans Receivable, Net-$0-
Pledges and Grants Receivable-$0-
Receivable From Disqualified Prsn-$0-
Receivables From Officers Etc-$0-
Investments Other Securities-$0-
Investments Program Related-$0-
Investments in Publicly Traded Securities-$0-
Land, Buildings, and Equipment, Net-$0-
Intangible Assets-$0-
Inventories for Sale or Use-$0-
Total Assets$146,985$159,248▲ $12,263
Other Assets Total-$0-
Liabilities
Accounts Payable and Accrued Expenses$942$77▼ $865
Total Liabilities$942$77▼ $865
Net Assets / Fund Balance
Unrestricted Net Assets$82,121$97,776▲ $15,655
Temporarily Rstr Net Assets$63,922$61,395▼ $2,527
Total Net Assets Fund Balance$146,043$159,171▲ $13,128
Total Liabilities and Net Assets / Fund Balance$146,985$159,248▲ $12,263
Compensation and Service Providers
Top Officer Pay100th percentile

Board Members and Trustees

NameTitle
Dave LarsonChairman
Mark CumminsPresident
Donna GarrettVice-chair
Doug HallstromDirector
Doug RalstonDirector
Glen DurbahnDirector
Mary HansenDirector
Kathy HarringtonSecretary/Treas
Revenue and Support

Revenue Composition

Contributions and Grants
$71,786
Program Service Revenue
$0
Investment Income
$104
Other Revenue
$91,033
All Other Contributions
$71,786
Change in Net Assets
$13,128
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$130,884
Other Expenses$18,911
Total Fundraising Expense$2,839
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Orgs$130,884--$130,884
Advertising$1,674-$1,673$3,347
Office Expenses$1,108$1,075$1,075$3,258
Occupancy$1,000--$1,000
Fees for Services Other-$825-$825
Other Expenses$25$24$25$74
All Other Expenses--$66$66
Total Functional Expenses$144,859$2,097$2,839$149,795
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
Gillete Childrens Hospital FoundationSt Paul, MN-Provide Care/serv to Kids.$57,031
Childrens Miracle NetworkSalt Lake City, UT-Provide Care/serve to Kids$47,198
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Gross Income$118,385
Fundraising Direct Expenses$27,352
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Golf Tournament$38,217$38,217$8,596$29,621
Blackjack Fundraiser$23,614$23,614$54$23,560
Total Events$118,258$118,258$27,352$90,906
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Insider Transactions and Loans

Loans and Receivables

Line ItemBeginningEndChange
Receivables from Disqualified Persons-$0-
Receivables from Officers, Directors, Trustees, and Key Employees-$0-
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
Backup withholding compliance
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, Part VI, Line 6: Explanation of Classes of Members or Shareholder

“The members of the foundation are the 11 members of the mn credit union network board of directors.”

Form 990, Part VI, Line 7A: How Members or Shareholders Elect Governing Body

“The membership elects the foundation's board of directors and provides oversight.”

Form 990, Part VI, Line 7B: Describe Decisions of Governing Body Approval by Members or Shareholders

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

Form 990, Part VI, Line 9: Officer, Director, Trustee, Key Employee Mailing Address

“Mary hanson, mayo efcu, 130 23rd ave sw rochester, mn 55902”

Form 990, Part VI, Line 11B: Form 990 Review Process

“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, Part VI, Line 19: Other Organization Documents Publicly Available

“UPON REQUEST.”

Filing and Contact Details

Filer

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

Signing Officer

Name
Mark Cummins
Title
President
Signed
2017-11-07
Discuss with paid preparer
Yes

Organization Details

Formed
1969
Legal Domicile
Mn
Voting Board Members
7
Independent Board Members
7
Employees
0
Volunteers
30

Preparer

Firm
Myslajek Kemp & Spencer Ltd
Address
1000 Shelard Pkwy 6th FL, St Louis Park, MN 55426
Preparer
Tina M Wallace
Phone
7636899674
Supplemental Narrative

Additional Explanations

Form 990, Part III, Line 4D: Other Program Services Description

“Other program services 4: 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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This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

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IRS990/OtherExpensesGrp/ProgramServicesAmt2173
IRS990/OtherExpensesGrp/ProgramServicesAmt325
IRS990/OtherExpensesGrp/TotalAmt09500
IRS990/OtherExpensesGrp/TotalAmt1495
IRS990/OtherExpensesGrp/TotalAmt2346
IRS990/OtherExpensesGrp/TotalAmt374
IRS990/OtherRevenueTotalAmt00
IRS990/OtherSalariesAndWagesGrp/TotalAmt00
IRS990/OthNotesLoansReceivableNetGrp/EOYAmt00
IRS990/PartialLiquidationInd0false
IRS990/PaymentsToAffiliatesGrp/TotalAmt00
IRS990/PayPremiumsPrsnlBnftCntrctInd0false
IRS990/PayrollTaxesGrp/TotalAmt00
IRS990/PensionPlanContributionsGrp/TotalAmt00
IRS990/PledgesAndGrantsReceivableGrp/EOYAmt00
IRS990/PoliticalCampaignActyInd0false
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt01761
IRS990/ProfessionalFundraisingInd0false
IRS990/ProgSrvcAccomActy2Grp/Desc0GRANTS TO 27 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.
IRS990/ProgSrvcAccomActy2Grp/ExpenseAmt026655
IRS990/ProgSrvcAccomActy3Grp/Desc0SCHOLARSHIPS AWARDED TO CREDIT UNION MEMBERS AND THEIR CHILDREN, GRANDCHILDREN, OR OTHER DEPENDENTS. FOUR $1,000 SCHOLARSHIP'S AND ELEVEN $500 SCHOLARSHIPS WERE AWARDED IN 2016. THE SCHOLARSHIPS ARE FOR POST SECONDARY EDUCATION AND ARE AWARDED TO WRITING CONTEST WINNERS BASED ON A QUESTION ABOUT THE CREDIT UNION MOVEMENT.
IRS990/ProgSrvcAccomActy3Grp/ExpenseAmt09500
IRS990/ProhibitedTaxShelterTransInd0false
IRS990/PYContributionsGrantsAmt096536
IRS990/PYExcessBenefitTransInd0false
IRS990/PYGrantsAndSimilarPaidAmt0154241
IRS990/PYInvestmentIncomeAmt080
IRS990/PymtTravelEntrtnmntPubOfclGrp/TotalAmt00
IRS990/PYOtherExpensesAmt012825
IRS990/PYOtherRevenueAmt071307
IRS990/PYRevenuesLessExpensesAmt0857
IRS990/PYTotalExpensesAmt0167066
IRS990/PYTotalRevenueAmt0167923
IRS990/QuidProQuoContributionsInd0false
IRS990/RcvblFromDisqualifiedPrsnGrp/EOYAmt00
IRS990/RcvFndsToPayPrsnlBnftCntrctInd0false
IRS990/ReceivablesFromOfficersEtcGrp/EOYAmt00
IRS990/ReconcilationRevenueExpnssAmt013128
IRS990/RegularMonitoringEnfrcInd0false
IRS990/RelatedEntityInd0true
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0false
IRS990/ReportOtherAssetsInd0false
IRS990/ReportOtherLiabilitiesInd0false
IRS990/ReportProgramRelatedInvstInd0false
IRS990/RoyaltiesGrp/TotalAmt00
IRS990/RoyaltiesRevenueGrp/TotalRevenueColumnAmt00
IRS990/SavingsAndTempCashInvstGrp/BOYAmt0143331
IRS990/SavingsAndTempCashInvstGrp/EOYAmt0156624
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearAmt0130884
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus1YearAmt0154241
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus2YearsAmt0150138
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus3YearsAmt0151170
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus4YearsAmt0124748
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt0711181
IRS990ScheduleA/GovtFurnSrvcFcltsVl170Grp/TotalAmt00
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearAmt0104
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus1YearAmt080
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus2YearsAmt080
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus3YearsAmt084
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus4YearsAmt099
IRS990ScheduleA/GrossInvestmentIncome170Grp/TotalAmt0447
IRS990ScheduleA/OtherIncome170Grp/TotalAmt00
IRS990ScheduleA/PublicOrganization170Ind0X
IRS990ScheduleA/PublicSupportCY170Pct00.99940
IRS990ScheduleA/PublicSupportPY170Pct00.99920
IRS990ScheduleA/PublicSupportTotal170Amt0711181
IRS990ScheduleA/SubstantialContributorsTotAmt00
IRS990ScheduleA/TaxRevLeviedOrgnztnlBnft170Grp/TotalAmt00
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY170Ind0X
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearAmt0130884
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus1YearAmt0154241
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus2YearsAmt0150138
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus3YearsAmt0151170
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus4YearsAmt0124748
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt0711181
IRS990ScheduleA/TotalSupportAmt0711628
IRS990ScheduleA/UnrelatedBusinessNetIncm170Grp/TotalAmt00
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/AgrmtProfFundraisingActyInd0false
IRS990ScheduleG/FundraisingEventInformationGrp/DirectExpenseSummaryEventsAmt027352
IRS990ScheduleG/FundraisingEventInformationGrp/Event1Nm0GOLF TOURNAMENT
IRS990ScheduleG/FundraisingEventInformationGrp/Event2Nm0BLACKJACK FUNDRAISER
IRS990ScheduleG/FundraisingEventInformationGrp/GrossReceiptsEvent1Amt038217
IRS990ScheduleG/FundraisingEventInformationGrp/GrossReceiptsEvent2Amt023614
IRS990ScheduleG/FundraisingEventInformationGrp/GrossReceiptsOtherEventsAmt056427
IRS990ScheduleG/FundraisingEventInformationGrp/GrossReceiptsTotalAmt0118258
IRS990ScheduleG/FundraisingEventInformationGrp/GrossRevenueEvent1Amt038217
IRS990ScheduleG/FundraisingEventInformationGrp/GrossRevenueEvent2Amt023614
IRS990ScheduleG/FundraisingEventInformationGrp/GrossRevenueOtherEventsAmt056427
IRS990ScheduleG/FundraisingEventInformationGrp/GrossRevenueTotalEventsAmt0118258
IRS990ScheduleG/FundraisingEventInformationGrp/NetIncomeSummaryAmt090906
IRS990ScheduleG/FundraisingEventInformationGrp/NonCashPrizesOtherEventsAmt010200
IRS990ScheduleG/FundraisingEventInformationGrp/NonCashPrizesTotalEventsAmt010200
IRS990ScheduleG/FundraisingEventInformationGrp/OthDirectExpnssOtherEventsAmt08502
IRS990ScheduleG/FundraisingEventInformationGrp/OthDirectExpnssTotalEventsAmt017152
IRS990ScheduleG/FundraisingEventInformationGrp/OtherDirectExpensesEvent1Amt08596
IRS990ScheduleG/FundraisingEventInformationGrp/OtherDirectExpensesEvent2Amt054
IRS990ScheduleG/FundraisingEventInformationGrp/OtherEventsTotalCnt05
IRS990ScheduleG/InPersonSolicitationsInd0X
IRS990ScheduleG/PhoneSolicitationsInd0X
IRS990ScheduleG/SpecialFundraisingEventsInd0X
IRS990ScheduleI/GrantRecordsMaintainedInd0true
IRS990ScheduleI/RecipientTable/CashGrantAmt047198
IRS990ScheduleI/RecipientTable/CashGrantAmt157031
IRS990ScheduleI/RecipientTable/NonCashAssistanceAmt00
IRS990ScheduleI/RecipientTable/NonCashAssistanceAmt10
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt0PROVIDE CARE/SERVE TO KIDS
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt1PROVIDE CARE/SERV TO KIDS.
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt0CHILDRENS MIRACLE NETWORK
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt1GILLETE CHILDRENS HOSPITAL FOUNDATION
IRS990ScheduleI/RecipientTable/USAddress/AddressLine1Txt0205 WEST 700 SOUTH
IRS990ScheduleI/RecipientTable/USAddress/AddressLine1Txt1200 EAST UNIVERSITY AVE
IRS990ScheduleI/RecipientTable/USAddress/CityNm0SALT LAKE CITY
IRS990ScheduleI/RecipientTable/USAddress/CityNm1ST PAUL
IRS990ScheduleI/RecipientTable/USAddress/StateAbbreviationCd0UT
IRS990ScheduleI/RecipientTable/USAddress/StateAbbreviationCd1MN
IRS990ScheduleI/RecipientTable/USAddress/ZIPCd084101
IRS990ScheduleI/RecipientTable/USAddress/ZIPCd155101
IRS990ScheduleI/SupplementalInformationDetail/ExplanationTxt0THEY RECEIVE FEEDBACK FROM SOME OF THE ORGANIZATIONS THAT THEY HAVE PROVIDED FUNDS TO AND RELATE THAT INFORMATION IN THE ANNUAL REPORT THEY PROVIDE TO THEIR MEMBERS.
IRS990ScheduleI/SupplementalInformationDetail/FormAndLineReferenceDesc0Grantmaker's Description of How Grants are Used
IRS990ScheduleI/Total501c3OrgCnt01
IRS990ScheduleI/TotalOtherOrgCnt01
IRS990ScheduleJ/AnyNonFixedPaymentsInd0false
IRS990ScheduleJ/BoardOrCommitteeApprovalInd0X
IRS990ScheduleJ/CompBasedOnRevenueOfFlngOrgInd0false
IRS990ScheduleJ/CompBsdNetEarnsFlngOrgInd0false
IRS990ScheduleJ/CompBsdNetEarnsRltdOrgsInd0false
IRS990ScheduleJ/CompBsdOnRevRelatedOrgsInd0false
IRS990ScheduleJ/EquityBasedCompArrngmInd0false
IRS990ScheduleJ/InitialContractExceptionInd0false
IRS990ScheduleJ/RebuttablePresumptionProcInd0false
IRS990/ScheduleJRequiredInd0true
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompensationBasedOnRltdOrgsAmt0254626
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsRltdOrgsAmt038602
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/OtherCompensationRltdOrgsAmt063656
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm0MARK CUMMINS
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TitleTxt0President
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationRltdOrgsAmt0356884
IRS990ScheduleJ/SeverancePaymentInd0false
IRS990ScheduleJ/SubstantiationRequiredInd0true
IRS990ScheduleJ/SupplementalInformationDetail/FormAndLineReferenceDesc0Part I, Line 1a: Relevant information in regards to selections on 1a.
IRS990ScheduleJ/SupplementalNonqualRtrPlanInd0false
IRS990ScheduleJ/TravelForCompanionsInd0X
IRS990ScheduleJ/WrittenEmploymentContractInd0X
IRS990ScheduleJ/WrittenPolicyRefTAndEExpnssInd0true
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0OTHER PROGRAM SERVICES 4: 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 11 MEMBERS OF THE MN CREDIT UNION NETWORK BOARD OF DIRECTORS.

Document Assets

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Filings

Displayed year

2016 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$159,248
Liabilities
$77
Net assets
$159,171
Revenue
$162,923
Expenses
$149,795
Net income
$13,128
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