Form 990 for tax year 2023

Totals

Total revenue

$342,860

Total expenses

$248,151

Contributions and grants received

$352,410

Grants paid

$239,875

Program service revenue

$0

Investment income

$0

Other revenue

-$9,550

Total assets, end of year

$249,312

Total liabilities, end of year

$0

Net assets or fund balances, end of year

$249,312

Program services expenses (Part IX)

$239,875

Management and general expenses

$8,276

Fundraising expenses

$0

Program service expenses (Part III)

$239,875

Program services were 96.7% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Line items

Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.

Mission and programs · 2023

• OUR COMMUNITY IMPACT GRANTS ARE DESIGNATED FOR CHARITABLE ORGANIZATIONS WHOSE WORK CLOSELY ALIGNS WITH AT LEAST ONE OF THE FIVE PRIORITY FUNDING FOCUS AREAS: 1. COMMUNITY AND ECONOMIC DEVELOPMENT; 2. DIVERSITY, EQUITY AND INCLUSION; 3. HOUSING; 4. HUNGER RELIEF AND HEALTHY EATING PROGRAMS; 5. INFORMAL EDUCATION - SUPPORTING LIFE SKILLS & FINANCIAL WELL-BEING FOR ALL.IN 2023, WE WERE ABLE TO AWARD $58,000 TO THESE ORGANIZATIONS IN OUR LOCAL COMMUNITY.

  Expenses $58,000 · Grants $58,000

• THE HCUF AWARDED $26,000 STUDENT SCHOLARSHIPS TO SUPPORT FIRST YEAR COLLEGE STUDENTS FROM FUNDS RAISED THROUGH OUR 2023 ANNUAL EVENT FUNDRAISER.

  Expenses $26,000 · Grants $26,000

• THE HCUF AWARDED $20,800 IN TEACHER GRANTS TO SUPPORT TEACHERS AT TITLE 1 SCHOOLS IN THEIR PROGRAMMING.

  Expenses $20,800 · Grants $20,800

• PROVIDED A VARIETY OF OTHER GRANTS TO THE COMMUNITY PER DONATION REQUESTS.

  Expenses $135,075 · Grants $135,075

As filed on the 2023 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.

Schedule J

Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.

Grants on this return

• MINNESOTA CREDIT UNION FOUNDATION

  $39,500

  CHARITABLE DONATIONS

• SAINT PAUL PUBLIC SCHOOLS

  $15,000

  CHARITABLE DONATIONS

• NATIONAL CREDIT UNION FOUNDATION

  $13,125

  CHARITABLE DONATIONS

• KIDS IN NEED FOUNDATION

  $10,000

  CHARITABLE DONATIONS

• BANZAI INC

  $9,580

  CHARITABLE DONATIONS

• ACHIEVE TWIN CITIES

  $7,000

  CHARITABLE DONATIONS

• HMONG COLLEGE PREP ACADEMY

  $5,300

  CHARITABLE DONATIONS

Related organizations on this return

Schedule R Part II: tax-exempt organizations related to the filer by control. It does not record shared board members or money.

• HIWAY CREIDT UNION

  501(C)(14) · CREDIT UNION · MN · controlled entity

Provenance

Return type

form_990

Tax year

2023

Filed

26 July 2024

IRS schema version

2023v5.1

Source object

202412129349301511

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