Overview
What is Mni Sota Fund?
The Mni Sota Fund is a nonprofit organization committed to empowering American Indian families and individuals in Minnesota. Their mission encompasses promoting homeownership, entrepreneurship, and financial capabilities through various development services and financial products. They achieve this by offering comprehensive first-time homebuyer coursework and providing one-on-one counseling within the community, thus fostering financial literacy and stability.
Official website here: www.mnisotafund.org
Is Mni Sota Fund legitimate?
Mni Sota Fund is a legitimate nonprofit organization registered as a 501(c)(3) entity. Mni Sota Fund 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.
Heare are some key statistics you may want to consider:
Executive Compensation: $126,555
Professional Fundraising Fees: $0
Other Salaries and Wages: $217,226
For more financial information, click here
Official website here: www.mnisotafund.org
What is the mission statement of Mni Sota Fund?
The Mni Sota Fund is committed to providing training and access to capital, aiming to foster homeownership, entrepreneurship, and financial capabilities among American Indian families and individuals across Minnesota. They offer first-time homebuyer coursework and one-on-one counseling within the American Indian community, contributing to their mission. The organization's development services and financial products aim to empower individuals, thereby enhancing their economic prospects.
Official website here: www.mnisotafund.org
Who is the CEO of Mni Sota Fund?
Kit Fordham is the President of Mni Sota Fund.
Official website here: www.mnisotafund.org
What is the revenue of Mni Sota Fund?
Mni Sota Fund's revenue in 2022 was $362,785.
Official website here: www.mnisotafund.org
Who are the executives of Mni Sota Fund and what are their salaries?
Here are 6 key members and their salaries:
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- Compensation: $126,555
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Official website here: www.mnisotafund.org
Where can I find the form 990 for Mni Sota Fund?
Mni Sota Fund's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.mnisotafund.org
Learn more at the official website: www.mnisotafund.org
Mission Statement of Mni Sota Fund
Mni Sota Fund, a nonprofit organization, is committed to empowering American Indian families and individuals across Minnesota. Their mission is threefold: to foster homeownership, encourage entrepreneurship, and enhance financial capabilities. To achieve this, they offer educational programs and provide access to capital. Among their initiatives, Mni Sota Fund offers first-time homebuyer coursework and one-on-one counseling within the American Indian community, aiming to make the dream of homeownership more attainable. By promoting entrepreneurship, the organization helps individuals develop their business skills, potentially leading to financial independence. In addition, Mni Sota Fund focuses on improving financial capabilities, offering resources and tools to help individuals manage their finances effectively.
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Impact
October, 2024
Mni Sota Fund significantly impacts American Indian families and individuals in Minnesota by enhancing their access to homeownership, entrepreneurship, and financial literacy. Through comprehensive training programs and access to vital capital, the Fund empowers participants to build their financial capabilities and achieve sustainable economic growth.
One of the cornerstone offerings is the first-time homebuyer coursework, which equips individuals with the knowledge and confidence needed to navigate the complexities of purchasing a home. The Fund also provides personalized one-on-one counseling, ensuring that each participant receives tailored support that addresses their unique financial situations and goals.
By fostering a stronger sense of economic empowerment in the American Indian community, Mni Sota Fund plays a critical role in promoting community improvement and reducing barriers to financial success. Its holistic approach not only focuses on immediate financial needs but also encourages long-term stability and growth for families and entrepreneurs alike.
This information is meant to be a general summary of Mni Sota Fund. Please take the time to review official sources before making any decisions based upon the content provided here.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Investment Income: $9,410
- Program Service Revenue: $15,394
- Gross Receipts: $362,785
Assets and Liabilities:
- Total Assets: $1,499,828
- Total Liabilities: $460,344
- Net Assets: $1,039,484
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
CONTRACT SERVICES
Revenue
$15,394
Organization Details
Founding Year
2013
Phone
(612) 225-0480Principal Officer
Kit Fordham
Main Address
1330 LAGOON AVE 4TH FL, MINNEAPOLIS, MN, 55408
Website
www.mnisotafund.orgNTEE Category
Code: S20 - Community improvement
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