Topline Credit Union Foundation Inc
- Assets
- $163.0k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Maple Grove, MN
- Founding
- 07/2014
- Data as of
- 12/2021
- EIN
- 46-4335752
Organization Overview
Topline Credit Union Foundation Inc is located in Maple Grove, MN. The organization was established in 2014. According to its NTEE Classification (Z99) the organization is classified as: Unknown, under the broad grouping of Unknown and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Topline Credit Union Foundation Inc 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 12/2021, Topline Credit Union Foundation Inc generated $62.4k in total revenue. This organization has experienced exceptional growth, as over the past 2 years, it has increased revenue by an average of 17.5% each year . All expenses for the organization totaled $26.9k during the year ending 12/2021. You can explore the organizations financials more deeply in the financial statements section below.
Form
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2021
Describe the Organization's Program Activity:
Part 3
THE FOUNDATION IS IN ITS FIRST ORGANIZATIONAL YEAR AND IS DEVELOPING A SCHOLARSHIP PROGRAM TO BEGIN DISBURSING FUNDS IN 2016.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Vicki Erickson Board Chair | 5 | $0 | |
Jeremy Meyer Secretary | 5 | $0 | |
Mick Olson Treasurer | 5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $65,972 |
| Total Program Service Revenue | $0 |
| Membership dues | $0 |
| Investment income | $2,503 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | -$6,041 |
| Other Revenue | $0 |
| Total Revenue | $62,434 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $0 |
| Professional fees and other payments to independent contractors | $0 |
| Occupancy, rent, utilities, and maintenance | $2,379 |
| Printing, publications, postage, and shipping | $1,669 |
| Other expenses | $0 |
| Total expenses | $26,903 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $163,044 |
| Other assets | $0 |
| Total assets | $163,044 |
| Total liabilities | $0 |
| Net assets or fund balances | $163,044 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Topline Credit Union Foundation Inc has recieved totaling $2,615.
| Awarding Organization | Amount |
|---|---|
Wings Financial Foundation Apple Valley, MN PURPOSE: CHARITABLE CONTRIBUTIONS | $2,500 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $115 |
Peer Organizations
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|---|---|---|
Land O L Foundation St Paul, MN | $1,405,792 | $8,007,013 |
Bridging Incorporated Bloomington, MN | $8,455,401 | $8,965,404 |
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Tieszen Memorial Home Inc Marion, SD | $6,223,545 | $5,748,727 |
Lakeshore Cap Inc Of Wisconsin Manitowoc, WI | $4,910,382 | $5,227,133 |
Internet Security Research Group Minneapolis, MN | $6,123,679 | $6,560,425 |
Central Minnesota Housing Partnership Inc St Augusta, MN | $21,605,447 | $4,430,262 |
John & Denise Graves Foundation Minneapolis, MN | $54,924,760 | $867,412 |
Chs Foundation Inver Grove Heights, MN | $40,013,370 | $7,074,214 |
John R And Zelda Z Grubb Charitable Foundation Urbandale, IA | $12,465,569 | $3,157,752 |
Listen Love Is Sharing The Exceptional Needs Grand Forks, ND | $8,781,410 | $3,741,510 |
Breakwater Health Network Duluth, MN | $640,816 | $1,971,597 |