Overview
What is Anoka Hennepin Credit Union Spirit Foundation?
Anoka Hennepin Credit Union Spirit Foundation is a nonprofit organization located in Coon Rapids, Minnesota, specifically at 3505 Northdale Blvd NW. The foundation's primary mission is to support local organizations that contribute to the well-being of young adults within their communities. These supported organizations focus on providing essential elements such as safety, health, nutrition, education, and inspiration to this demographic. As evidenced by their recent activity, they awarded six $1,000 college scholarships to students from schools participating in their programs.
What are the reviews and ratings of this charity?
Charity Navigator Rating: Needs Improvement (Two-Star out of Four Star Rating)
The Anoka Hennepin Credit Union Spirit Foundation has received a score of 70%, indicating that while it meets some standards of accountability and transparency, there are significant areas that require improvement. The foundation has a strong program expense ratio of 91.53%, showcasing its commitment to dedicating resources toward its programs rather than administrative costs. Additionally, it has no material diversion of assets, further reflecting sound financial practices.
However, the foundation's governance practices raise concerns. While it has a majority of independent board members, it lacks a sufficient number of independent members, which could impact oversight. Furthermore, the absence of a whistleblower policy and a document retention policy is alarming, as these policies are essential for maintaining transparency and accountability in nonprofit operations.
There are also deficiencies in how the organization manages and shares its information, such as missing tax forms on its website. This lack of transparency may inhibit potential donors from fully understanding the foundation's financial health and operations. Overall, while the foundation demonstrates a strong commitment to its programs, addressing its governance and transparency issues is crucial for improving its rating and public trust.
This AI summary has been generated from information found on Charity Navigator.
Is Anoka Hennepin Credit Union Spirit Foundation legitimate?
Anoka Hennepin Credit Union Spirit Foundation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Anoka Hennepin Credit Union Spirit Foundation 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: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
For more financial information, click here
What is the mission statement of Anoka Hennepin Credit Union Spirit Foundation?
The Anoka Hennepin Credit Union Spirit Foundation supports local organizations that provide essential services to young adults in their communities. These services encompass safety, health, nutrition, education, and inspiration. The foundation's mission is to empower these organizations to positively impact the lives of young adults, thereby contributing to the well-being of the local community. In addition to this, the foundation has been known to grant college scholarships worth $1,000 each to students from schools participating in their programs.
Who is the CEO of Anoka Hennepin Credit Union Spirit Foundation?
Jim Gaffney is the President of Anoka Hennepin Credit Union Spirit Foundation.
What is the revenue of Anoka Hennepin Credit Union Spirit Foundation?
Anoka Hennepin Credit Union Spirit Foundation's revenue in 2022 was $24,507.
Who are the executives of Anoka Hennepin Credit Union Spirit Foundation and what are their salaries?
There 61 volunteers at Anoka Hennepin Credit Union Spirit Foundation.
Here are 4 key members and their salaries:
- Compensation: $0
- Related: $880
- Other: $0
- Compensation: $0
- Related: $800
- Other: $0
- Compensation: $0
- Related: $720
- Other: $0
- Compensation: $0
- Related: $302,188
- Other: $52,246
Where can I find the form 990 for Anoka Hennepin Credit Union Spirit Foundation?
Anoka Hennepin Credit Union Spirit Foundation's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Anoka Hennepin Credit Union Spirit Foundation
The Anoka Hennepin Credit Union Spirit Foundation is committed to supporting local organizations that contribute to the well-being of young adults in their communities. This nonprofit entity focuses on providing resources in the areas of safety, health, nutrition, education, and inspiration. By backing these organizations, the foundation aims to empower and uplift the next generation, contributing to their overall development and growth.
In line with its mission, the Anoka Hennepin Credit Union Spirit Foundation has demonstrated its commitment by granting college scholarships to students hailing from schools participating in their programs. By offering these scholarships, the foundation is not only acknowledging the academic achievements of these young individuals but also investing in their future success. This act of support underscores the foundation's dedication to fostering opportunities and potential in the lives of young adults, thereby contributing positively to their communities.
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Impact
August, 2024
Anoka Hennepin Credit Union Spirit Foundation has made a significant impact by providing financial support to local organizations that focus on the well-being and development of young adults in the community. The foundation has awarded college scholarships to students from schools participating in their programs, enabling these individuals to pursue higher education and achieve their academic goals. By prioritizing safety, health, nourishment, education, and inspiration for young adults, the foundation plays a crucial role in fostering a brighter future for the next generation.
This information is meant to be a general summary of Anoka Hennepin Credit Union Spirit Foundation. 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.
- Gross Receipts: $24,507
Assets and Liabilities:
- Total Assets: $35,969
- Total Liabilities: $0
- Net Assets: $35,969
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Organization Details
Founding Year
2016
Phone
(763) 422-0290Principal Officer
Jim Gaffney
Main Address
3505 NORTHDALE BLVD NW, COON RAPIDS, MN, 55448
NTEE Category
Code: T30 - Philanthropy
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