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Minnesota Credit Union Foundation

Learn about this cause: Is it Legit? Do I like the mission? What is the CEO's salary?

EIN: 043740017 ✦ St paul, MN ✦ Designated as a 501(c)(3)

Overview

What is Minnesota Credit Union Foundation?

Minnesota Credit Union Foundation is a nonprofit organization situated in Saint Paul, Minnesota, specifically at 555 WABASHA ST N SUITE 200. Their primary mission is to foster the growth and betterment of challenged credit unions within Minnesota and their surrounding communities. They achieve this through educational resources and assistance. Moreover, the foundation is dedicated to supporting the broader societal objectives of the credit union movement. As part of its social mission, Minnesota Credit Union Foundation raises funds for Gillette Children's Specialty Healthcare, which falls under the Children's Miracle Network. In 2022, they held six statewide fundraisers and additional minor events that collected donations for this noble cause.


Official website here: www.mncun.org

Is Minnesota Credit Union Foundation legitimate?

Minnesota Credit Union Foundation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Minnesota Credit Union Foundation submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.

Here are some key statistics you may want to consider:

Executive Compensation: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $0

For more financial information, click here


Official website here: www.mncun.org

What is the mission statement of Minnesota Credit Union Foundation?

The Minnesota Credit Union Foundation's mission is centered around promoting the growth and development of challenged credit unions within their communities. This is achieved through the provision of assistance and educational resources. Furthermore, the foundation supports the broader social mission of the credit union movement. As part of its activities, the foundation runs the Credit Union for Kids program, which raises funds to support children's healthcare, specifically the Gillette Children's Specialty Healthcare and the Children's Miracle Network. The foundation organizes various fundraisers to collect donations, with the total contributions for the year directly benefiting the children in need.


Official website here: www.mncun.org

Who is the CEO of Minnesota Credit Union Foundation?

Doug Ralston is the Chair of Minnesota Credit Union Foundation.


Official website here: www.mncun.org

What is the revenue of Minnesota Credit Union Foundation?

Minnesota Credit Union Foundation's revenue in 2022 was $607,518.


Official website here: www.mncun.org

Who are the executives of Minnesota Credit Union Foundation and what are their salaries?

Here are 9 key members and their salaries:

    Mark Cummins (President)
  • Compensation: $0
  • Related: $426,942
  • Other: $32,106

    • Mara Humphrey (Vp)
  • Compensation: $0
  • Related: $211,493
  • Other: $6,171

    • Glen Durbahn (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Doug Hallstrom (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Mary Hansen (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Trina Hoff (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Doug Ralston (Chair)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Kayla Reiffenberger (Vice Chair)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Kim Westphal (Secretary/Tr)
  • Compensation: $0
  • Related: $0
  • Other: $0


  • Official website here: www.mncun.org

    Where can I find the form 990 for Minnesota Credit Union Foundation?

    The Minnesota Credit Union Foundation’s most recent form 990 was submitted in 2022 and can be accessed here


    Official website here: www.mncun.org

    Learn more at the official website: www.mncun.org

    Mission Statement of Minnesota Credit Union Foundation

    The Minnesota Credit Union Foundation, an organization dedicated to promoting the growth and development of challenged credit unions within Minnesota and their surrounding communities, carries out its mission through assistance and education. This is done with the intention of supporting the larger social mission of the credit union movement. The foundation's efforts aim to bolster the resilience of these credit unions, thereby empowering their communities.

    In line with this mission, the Minnesota Credit Union Foundation spearheads various initiatives, one of which is Credit Union for Kids. This ongoing program is designed to raise funds for Gillette Children's Specialty Healthcare, which is also a part of the Children's Miracle Network. Each year, the organization collects and donates all proceeds to aid children in need of specialized medical care. In 2022, the MNCU4Kids Committee organized six statewide fundraisers, with some donors also holding minor events that added to the total funds contributed to Gillette Children's Specialty Healthcare. This commitment to supporting children's healthcare through fundraising activities is a testament to the Minnesota Credit Union Foundation's dedication to its mission.

    Impact

    This information is meant to be a general summary of Minnesota Credit Union Foundation. Please take the time to review official sources before making any decisions based upon the content provided here.




    Wednesday, July 24, 2024

    The Minnesota Credit Union Foundation's impact is significant in promoting the development of challenged credit unions in Minnesota and their communities through assistance and education. One of their key programs, Credit Union for Kids, raises funds to support Gillette Children's Specialty Healthcare and the Children's Miracle Network. In 2022, the organization held six statewide fundraisers, and additional donors organized minor fundraisers to raise more funds for the cause. All donations received are directed to help the children in need. This demonstrates the Foundation's dedication to supporting the greater social mission of the credit union movement and making a positive impact on the community.





    Financials

    This financial information is from Propublica.

    Revenue
    Expenses
    Efficiency

    Other financial information:

    This information is from the most recently submitted tax form from this organization, which was in 2022.

  • Investment Income: $1,830
  • Program Service Revenue: $0
  • Gross Receipts: $630,106

    • Assets and Liabilities:
  • Total Assets: $878,020
  • Total Liabilities: $9,277
  • Net Assets: $868,743
  • Organization Details

    Founding Year

    1969

    Principal Officer

    Doug Ralston

    Main Address

    555 WABASHA ST N SUITE 200, ST PAUL, MN, 55102

    NTEE Category

    Code: T30 - Philanthropy

    If you are a representative of Minnesota Credit Union Foundation and wish to learn more about how Give Freely can help you raise funds, please click here: https://givefreely.com/nonprofits/. Our services are offered at no cost to your organization.