Skip to content
Nonprofiteer
← CONNEXUS ASSOCIATION INC

Form 990 for tax year 2023

Filed by CONNEXUS ASSOCIATION INC.

Totals

Total revenue
$587,302
Total expenses
$376,859
Contributions and grants received
$557,664
Grants paid
$181,930
Program service revenue
$0
Investment income
$29,638
Other revenue
$0
Total assets, end of year
$1,208,019
Total liabilities, end of year
$89,244
Net assets or fund balances, end of year
$1,118,775
Program services expenses (Part IX)
$335,924
Management and general expenses
$40,935
Fundraising expenses
$0
Program service expenses (Part III)
$335,924

Program services were 89.1% 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.

Revenue

Part VIII, the statement of revenue.

  • 1b · Membership dues

    $557,664

  • 3 · Investment income

    total $29,638 · excluded $29,638

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $181,930 · program services $181,930

  • 5 · Compensation of officers, directors and key employees

    total $17,583 · program services $3,517 · management and general $14,066

  • 10 · Payroll taxes

    total $1,339 · program services $268 · management and general $1,071

  • 11c · Fees: accounting

    total $4,445 · management and general $4,445

  • 11f · Fees: investment management

    total $7,137 · management and general $7,137

  • 11g · Fees: other

    total $41,009 · program services $41,009

  • 13 · Office expenses

    total $116,660 · program services $104,792 · management and general $11,868

  • 19 · Conferences, conventions and meetings

    total $487 · program services $463 · management and general $24

  • 22 · Depreciation, depletion and amortization

    total $3,203 · program services $3,203

  • 23 · Insurance

    total $2,968 · program services $742 · management and general $2,226

  • 24a · Other expenses: BUSINESS EXPENSES:BUSINES

    total $98 · management and general $98

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $247,309 · end of year $106,211

  • 2 · Savings and temporary cash investments

    beginning of year $590,454 · end of year $961,067

  • 9 · Prepaid expenses and deferred charges

    beginning of year $18,429 · end of year $19,182

  • 14 · Intangible assets

    end of year $10,883

  • 15 · Other assets

    beginning of year $102,340 · end of year $110,676

  • 17 · Accounts payable and accrued expenses

    beginning of year $62,673 · end of year $89,244

  • 27 · Net assets without donor restrictions

    beginning of year $895,859 · end of year $1,118,775

Mission and programs · 2023

Mission

THE PURPOSE OF CONNEXUS ASSOCIATION IS TO PROVIDE SCHOLARSHIPS FOR EDUCATION, TO ASSIST EDUCATIONAL INSTITUTIONS AND TO PROVIDE FINANCIAL LITERACY EDUCATION TO HELP BORROWERS AND SAVERS REACH THEIR FINANCIAL GOALS. IN A LIMITED FASHION, THE ASSOCIATION MAY ALSO ENGAGE IN ANY CHARITABLE ACTIVITY RECOGNIZED IN I.R.C. 501(C)(3).

  • FOR 2023 CONNEXUS ASSOCIATION CONTINUED THE SCHOLARSHIP PROGRAM GIVING OUT 35 - 1,000 SCHOLARSHIPS TO HIGH SCHOOL SENIORS. AN ADDITIONAL 20,000 WAS DISTRIBUTED TO NORTHCENTRAL TECHNICAL COLLEGE (NTC) AND UTILIZED FOR CONNEXUS ASSOCIATION'S SCHOLARSHIP PROGRAM WITH NTC, INCOME-BASED SCHOLARSHIPS, AND THE STUDENT EMERGENCY GRANT PROGRAM WHILE 3,000 WAS DISTRIBUTED TO MID-STATE TECHNICAL COLLEGE FOR THE PURPOSES OF STUDENT SCHOLARSHIPS. AS ALWAYS, EDUCATION REMAINS ONE OF OUR MOST IMPORTANT MISSIONS. IN THE EDUCATIONAL INSTITUTIONS AND OTHER EDUCATION ENDEAVORS LAST MONTHS OF 2023, THE BOARD OF DIRECTORS FOR CONNEXUS ASSOCIATION VOTED TO CONTINUE PROVIDING FUNDING AND SCHOLARSHIPS FOR THE LOCAL SCHOOLS WE SUPPORT AT THE SAME LEVEL AS PREVIOUS YEARS. DURING 2023, CONNEXUS DONATED OVER 30,000 TO 8 LOCAL SCHOOLS FOR EDUCATIONAL PURPOSES INCLUDING A GRANT OF 5,000 TO MID-STATE TECHNICAL COLLEGE SPECIFICALLY TO HELP FUND A NEW PROGRAM, THE STUDNET OCCUPATION SUCCESS PROJECT. WE ALSO CONTINUED TO PROVIDE FREE FINANCIAL LITERACY COURSES TO OUR MEMBERS THROUGH OUR PARTNERSHIP WITH EVERFI. WE DIRECTLY SUPPORT FINANCIAL LITERACY EDUCATION INCLUDING 17,500 TO VARIOUS JUNIOR ACHIEVEMENT OFFICES WITH THOUSANDS MORE DOLLARS GRANTED TO ORGANIZATIONS WHICH WOULD INDIRECTLY SUPPORT FINANCIAL LITERACY EDUCATION.

    Expenses $335,924 · Grants $181,930

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

Listed in Part VII

  • Heather Grundemann

    EXECUTIVE DI

    Total calculated
    $17,583
    From this org
    $17,583
    From related orgs
    $0
    Other
    $0
    Hours/week
    10

  • Kathe Breitenfeldt

    VICE PRESIDE

    Total calculated
    $0
    Hours/week
    1

  • Patti Flaker

    SECRETARY

    Total calculated
    $0
    Hours/week
    1

  • Ryan Kennedy

    TREASURER

    Total calculated
    $0
    Hours/week
    2

  • Julia Salzman

    PRESIDENT

    Total calculated
    $0
    Hours/week
    1

  • Ann Stromgren

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

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.

Grants on this return

The 10 largest by cash amount. The API serves every itemized grant.

Provenance

Return type
form_990
Tax year
2023
Filed
15 November 2024
IRS schema version
2023v5.0
Source object
202403039349301325

Check it against the return as filed: the GivingTuesday Data Lake hosts a public copy of the original XML.

The source document this was parsed from is served over the API, which is where bulk and document access live.