Liabilities / Assets
67th percentile
Higher debt load relative to assets than 67% of similar nonprofits.
Financial Education of Minnesota
EIN 45-3838047 • 501(c)3 • St Louis Park, MN
Profile
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.
Siviq Scores
Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.
0.01x
Liabilities / Revenue
77th percentile
Higher debt load relative to revenue than 77% of similar nonprofits.
Net Margin
74th percentile
Higher net margin than 74% of similar nonprofits.
Top Officer Pay
89th percentile
Higher top officer pay than 89% of similar nonprofits.
Top officer pay equals 37.8% of source-year revenue.
Asset Growth
62nd percentile
Faster asset growth than 62% of similar nonprofits.
Revenue Growth
68th percentile
Faster revenue growth than 68% of similar nonprofits.
Balance Sheet
Assets
Up$250,905
Up $12,046 (+5.0%) from 2023
Liabilities
Down$2,574
Down $800 (-24%) from 2023
Net Assets
Up$248,331
Up $12,846 (+5.5%) from 2023
Revenue
Up$66,119
Up $8,633 (+15%) from 2023
Expenses
Up$53,273
Up $1,780 (+3.5%) from 2023
Net Income
Up$12,846
Up $6,853 (+114%) from 2023
Trend Graphs
Filings
Most recent year
2024 • Form 990EZDetailed filing. Detailed filing data is available for this year.
- Assets
- $250,905
- Liabilities
- $2,574
- Net assets
- $248,331
- Revenue
- $66,119
- Expenses
- $53,273
- Net income
- $12,846
Latest Filing Detail
Jump To
Filing Snapshot
- Filing Period
- Jan 1, 2024 to Dec 31, 2024
- Signed
- Jun 26, 2025
- Return Version
- 2024v5.2
- Gross Receipts
- $66,119
Mission and Program Overview
Mission
Consumer credit 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.
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 Services
| Description | Grants | Expenses |
|---|---|---|
| BUDGETING & CREDIT COUNSELING: Financial Education of Minnesota provides budgeting & credit counseling to groups & individuals. In 2024 we taught 134 group classes & 34 individual classes. | - | $40,918 |
Compensation and Service Providers
Employees
| Name | Title | Full / Part Time | Base | Other | Total |
|---|---|---|---|---|---|
| RAYEANN HOFFMAN | Sec/Treasurer | PT | $25,000 | - | $25,000 |
| JIM RHODES | Chairman | - | $0 | - | - |
| JOHN HOFFMAN | Vice Chairman | - | $0 | - | - |
| DICK FISHER | Director | - | $0 | - | - |
| JOAN MOLENAAR | Director | - | $0 | - | - |
Filing and Contact Details
Filer
- Filer Name
- Financial Education of Minnesota
- EIN
- 45-3838047
- Phone
- 9525937716
- Address
- 5871 CEDAR LAKE RD S STE 105, ST LOUIS PARK, MN 55416
Signing Officer
- Name
- Rayeann Hoffman
- Title
- Sec/Treasurer
- Signed
- 2025-06-26
- Discuss with paid preparer
- Yes
Preparer
- Firm
- Petersen Professionals PC
- Address
- 4915 West 35th St Suite 201, St Louis Park, MN 55416
- Preparer
- Stacey R Petersen CPA
- Phone
- 9527673212
Supplemental Narrative
Additional Explanations
Other Expenses.1001
“Advertising and Promotion $700”
Other Expenses.1002
“Office Expenses $3856”
Other Expenses.1005
“Travel $8086”
Other Expenses.1012
“Insurance $3278”
Total Liabilities.1001
“Accounts Payable and Accrued Expenses - Beginning $3374 Accounts Payable and Accrued Expenses - Ending $2574”
Raw XML Appendix177 raw XML fields
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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| IRS990EZ/PartVIOfCompOfHghstPdEmplTxt | 0 | NONE |
| IRS990EZ/PoliticalCampaignActyInd | 0 | false |
| IRS990EZ/PrimaryExemptPurposeTxt | 0 | 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. |
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| IRS990EZ/ProhibitedTaxShelterTransInd | 0 | false |
| IRS990EZ/RelatedOrganizationCtrlEntInd | 0 | false |
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| IRS990EZ/StatesWhereCopyOfReturnIsFldCd | 0 | MN |
| IRS990EZ/SubjectToProxyTaxInd | 0 | false |
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| IRS990EZ/SumOfTotalLiabilitiesGrp/EOYAmt | 0 | 2574 |
| IRS990EZ/TanningServicesProvidedInd | 0 | false |
| IRS990EZ/TaxImposedOnOrganizationMgrAmt | 0 | 0 |
| IRS990EZ/TaxImposedUnderIRC4911Amt | 0 | 0 |
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| IRS990EZ/TransactionWithControlEntInd | 0 | false |
| IRS990EZ/TrnsfrExmptNonChrtblRltdOrgInd | 0 | false |
| IRS990EZ/TypeOfOrganizationCorpInd | 0 | X |
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| IRS990ScheduleA/AmountsRcvdDsqlfyPersonGrp/TotalAmt | 0 | 0 |
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| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 0 | Advertising and Promotion $700 |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 1 | Office Expenses $3856 |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 2 | Travel $8086 |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 3 | Insurance $3278 |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 4 | Accounts Payable and Accrued Expenses - Beginning $3374 Accounts Payable and Accrued Expenses - Ending $2574 |
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| ReturnHeader/BuildTS | 0 | 2025-03-06 01:10:19Z |
| ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd | 0 | true |
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| ReturnHeader/PreparerPersonGrp/PhoneNum | 0 | 9527673212 |
| ReturnHeader/PreparerPersonGrp/PreparerPersonNm | 0 | STACEY R PETERSEN CPA |
| ReturnHeader/ReturnTs | 0 | 2025-07-28T11:47:34-07:00 |
| ReturnHeader/ReturnTypeCd | 0 | 990EZ |
| ReturnHeader/TaxPeriodBeginDt | 0 | 2024-01-01 |
| ReturnHeader/TaxPeriodEndDt | 0 | 2024-12-31 |
| ReturnHeader/TaxYr | 0 | 2024 |
Document Assets
No mirrored PDF or thumbnail assets are attached yet.