Affinity Plus Federal Credit Union Foundation
- Assets
- $1.0m
- Revenue
- $772.5k
- Investments
- $0.0
- Employees
- 0
- Location
- St Paul, MN
- Founding
- 08/2000
- Data as of
- 12/2023
- EIN
- 41-1974262
Organization Overview
Affinity Plus Federal Credit Union Foundation is located in St Paul, MN. The organization was established in 2000. According to its NTEE Classification (B82) the organization is classified as: Scholarships & Student Financial Aid, under the broad grouping of Education and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Affinity Plus Federal Credit Union Foundation is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2023, Affinity Plus Federal Credit Union Foundation generated $772.5k in total revenue. This organization has experienced exceptional growth, as over the past 9 years, it has increased revenue by an average of 16.1% each year . All expenses for the organization totaled $335.5k during the year ending 12/2023. While expenses have increased by 9.6% per year over the past 9 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Affinity Plus Federal Credit Union Foundation has awarded 453 individual grants totaling $2,115,652. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2023
Describe the Organization's Program Activity:
Part 3 - Line 4a
COMMUNITY IMPACT GRANTS: WE AIM TO END CYCLES OF FINANCIAL INEQUITY THROUGH LIFE-CHANGING PROGRAMS THAT TRANSFORM LIVES AND COMMUNITIES
SCHOLARSHIPS: DURING 2023, THE AFFINITY PLUS FOUNDATION PROVIDED SCHOLARSHIPS TO 15 STUDENTS AS PART OF OUR MISSION.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jessica Volkmann Board Chair | 2 | $0 | |
Joel Swanson Board Treasurer | 2 | $0 | |
Jacquelyn Twedt Board Member | 1 | $0 | |
Amber Shanley Board Member | 1 | $0 | |
Ann Koetz Board Member | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $490,744 |
| Interest on Savings | $5,509 |
| Dividends & Interest | $0 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $0 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $1,500 |
| Profit on Inventory Sales | $0 |
| Other Income | $276,199 |
| Total Revenue | $772,452 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $0 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $102,924 |
| Total operating and administrative expenses | $108,470 |
| Contributions, gifts, grants paid | $227,000 |
| Total expenses and disbursements | $335,470 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $1,002,562 |
| Net Accounts receivable | $6,000 |
| Net Pledges Receivable | $0 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $25 |
| Total assets | $1,008,587 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $0 |
Grants Awarded
Over the last fiscal year, Affinity Plus Federal Credit Union Foundation has awarded $227,000 in support to 28 organizations.
| Grant Recipient | Amount |
|---|---|
BEMIDJI STATE UNIVERSITY - ASHLYNN PURPOSE: EDUCATION SCHOLARSHIP | $4,000 |
CADA PURPOSE: COMMUNITY GRANT | $15,000 |
CENTRAL LAKES CC FOOD PANTRY PURPOSE: GRANT | $1,000 |
BEMIDJI STATE UNIVERSITY - SYDNEY S PURPOSE: EDUCATION SCHOLARSHIP | $4,000 |
FAMILY RISE TOGETHER PURPOSE: COMMUNITY GRANT | $15,000 |
INTERFAITH ACTION OF GREATER ST PAUL PURPOSE: COMMUNITY GRANT | $15,000 |