2023-11-15T16:43:46-05:00 2022-12-31 831247764 STL Consulting Inc 201 S 11TH ST UNIT 720 MINNEAPOLIS MN 55403 990 2022-01-01 852918250 CONNECTUP INSTITUTE % J ELAINE RASSMUSSEN CONN 6515059438 1908 UNIVERSITY AVE W SAINT PAUL MN 551043426 Y Elaine Rasmussen CEO 2023-11-15 false William Hansen P03103531 9528847477 2023-11-15 2022 2023-04-26 12:10:37Z J ELAINE RASSMUSSEN 1908 UNIVERSITY AVE W SAINT PAUL MN 551043426 650425 false X www.connectupmn.org X 2020 MN ConnectUP! Institute is a Black Native-led nonprofit social enterprise based in Saint Paul MN. Our mission: we curate connections among entrepreneurs investors and the business ecosystem to advance equitable access to capital resources and networks for underinvested communities with an emphasis on Black and Brown women and their lived experiences. Significant programs include ConnectUP! Summit is the premiere entrepreneur ecosystem event in Minnesota. The ConnectUP! Summit offers action-oriented content and collaborative networking spaces to bridge the 180 degrees of separation between entrepreneurs from underestimated communities local values-aligned investors and business support organizations statewide. The Summit strengthens an equitable entrepreneur ecosystem that helps all founders get to the next level driving positive sustainable investment and social impact grounded in economic justice; See Schedule O for further information 4 1 8 0 0 0 0 566205 0 84220 0 0 0 0 0 650425 0 0 0 0 0 152369 0 13867 13867 0 228645 0 394881 0 255544 38854 403927 0 109529 38854 294398 The ConnectUP! Integrated Capital Fund ICF is a charitable fund that addresses the gap in access to $70M capital resources and networks to increase local BIPOC ownership of businesses in the Twin Cities Metro area. ICF provides early second-stage BIPOC entrepreneurs with flexible and patient hybrid capital grants debt equity fractional executive FTE support and mindset coaching. ICF disrupts the traditional capitalist credit system which has failed Black and Brown entrepreneurs and is the ONLY woman-led fund driven by economic justice with wealth creation and restorative finance as its core values. -CEO Circles are small group learning sessions on a specific business topic facilitated by a culturally responsive subject matter expert. In each circle BIPOC founders come together in working sessions to hack their most pressing business issues build fellowship and leverage collective wisdom. -The LevelUP! Digital Platform provides culturally grounded courses and toolkits true false 231143 300000 231143 The organization provided services related to Launch MN in 2022 0 0 0 0 0 0 0 0 0 231143 true true false false false false false false false false false false false false false true false false false false false false false false false false false false false true false false false true false true false true false false false false false true false false false true X 10 0 false 8 true false false false false false false false 0 false false false false false false false false false false 4 1 true false false false false false false true true false false true true true true true true false false false MN X William Henry Hansen 9528847477 201 S 11th St Unit 720 MINNEAPOLIS MN 55403 Y Elaine Rasmussen President 40.00 0 X X X 47800 0 3658 Jon Rasmussen Chair Person 1.00 0 X X 0 0 0 Alex Gameck Vice President 1.00 0 X X 0 0 0 Leigh Lester Treasurer 1.00 0 X X 0 0 0 47800 0 3658 0 true false false 0 0 0 0 0 566205 0 566205 Contracted Sevices 38720 0 0 0 Honorariums and Sponsorships 45500 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 84220 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 650425 0 0 0 0 0 0 0 0 0 0 0 47800 11950 35850 0 0 0 0 0 92164 78893 13271 0 0 0 0 0 1507 0 1507 0 10898 7176 3722 0 61189 50755 10434 0 25051 0 25051 0 148 0 148 0 0 0 0 0 13867 13867 0 0 0 0 0 0 0 0 9494 8000 1494 0 21910 5678 16232 0 0 0 0 0 0 0 0 0 48847 39053 9794 0 6155 5402 753 0 0 0 0 0 2942 2803 139 0 0 0 0 0 0 0 0 0 0 0 0 0 4405 0 4405 0 Consultant Expenses 39587 8795 30792 0 Donations 1824 1824 0 0 Stipends and Grants 2802 2802 0 0 Meals and Program Food 3851 3851 0 0 440 439 1 0 394881 227421 153593 13867 0 0 0 0 38854 257333 0 0 0 125000 0 21594 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 38854 403927 0 100092 0 0 0 0 0 0 0 0 0 9437 0 0 0 0 0 0 0 109529 X 38854 35599 0 258799 38854 294398 38854 403927 255544 0 0 0 0 0 X false false false X 0 0 0 0 566205 566205 0 0 0 0 38700 38700 0 0 0 0 45500 45500 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 650405 650405 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 650405 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 650405 650405 1 0 X Part III - Line 12 | Year:, Amount:, Description:| 2018, , | 2019, | 2020, | 2021, | 2022, | RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 X Part X, line 2 Schedule D Part X Line 2 - The Organization's activities are generally exempt from federal and state income taxes under section 501 c3 of the Internal Revenue Code. Since the Organization is exempt from federal and state income tax liability no provision is made for current or deferred income tax expense. The Organization is not subject to unrelated business income tax. Management is not aware of any transactions that would impact the Organization follows the Guidance of the Accounting Standard Codification ASC 740 Accounting for Income Taxes related to uncertainties in income taxes which prescribes a threshold of more likely than not to be recognition and derecognition of positions taken or expected to be taken in a tax return. For the years ended December 31 2020 and 2019 management of the organization is not aware of any material uncertain tax positions. All tax exempt entities are subject to review and audit by federal state and other applicable agencies. Such agencies may review the taxability of unrelated business income or the qualification of the tax exempt entity under the internal revenue code and applicable state statutes. For federal tax purposes the tax returns remain open for possible examination for a period of three years after the respective filing deadlines of those return. true X X false false false false false false false false false 47800 0 0 0 0 0 0 0 0 0 47800 0 0 0 Y Elaine Rasmussen President Debt Payment X 9437 9437 false true true 9437 Part III, line 2 Summit -which is a entrepreneur ecosystem event in Minnesota connecting entrepreneurs with business executives financial resources and investment capital. Intregated Capital Fund charitable fund that addresses the gap in access to $70M capital resources and networks to increase local BIPOC ownership of businesses in the Twin Cities Metro area. ICF provides early second-stage BIPOC entrepreneurs with flexible and patient hybrid capital grants debt equity fractional executive FTE support and mindset coaching. ICF disrupts the traditional capitalist credit system which has failed Black and Brown entrepreneurs and is the ONLY woman-led fund driven by economic justice with wealth creation and restorative finance as its core values. CEO Circles are small group learning sessions on a specific business topic facilitated by a culturally responsive subject matter expert. In each circle BIPOC founders come together in working sessions to hack their most pressing business issues build fellowship and leverage collective wisdom. The LevelUP! Digital Platform provides culturally grounded courses and toolkits to help founders manage their businesses. The program includes courses on accessing capital and business financial health management as well as automated back office management tools. Part VI, Line 2 The President is related to one Board Member Jon Rasmussen by marriage and another in a Mother Son relationship Alex Gambeck. Part VI, Line 11b The annual 990 is reviewed and approved at the annual board meeting. The 990 is maintained is the office of the organization and may reviewed at any time during business hours. Part VI, Line 12c The organization requires each Director to file a conflict on interest document with the organization and in transactions that may be in conflict with the policy are investigated by the Board and if necessary approved by the Board. Part VI, Line 19 All organizations governing documents tax conflict of interest financial Board statements and Board meeting minutes are available by appointment at the organizations offices. Part I Line 1 | Explanation:| The ConnectUP! Integrated Capital Fund ICF is a charitable fund that addresses the gap in access to $70M capital resources and networks to increase local BIPOC ownership of businesses in the Twin Cities Metro area. ICF provides early second-stage BIPOC entrepreneurs with flexible and patient hybrid capital grants debt equity fractional executive FTE support and mindset coaching. ICF disrupts the traditional capitalist credit system which has failed Black and Brown entrepreneurs and is the ONLY woman-led fund driven by economic justice with wealth creation and restorative finance as its core values. -CEO Circles are small group learning sessions on a specific business topic facilitated by a culturally responsive subject matter expert. In each circle BIPOC founders come together in working sessions to hack their most pressing business issues build fellowship and leverage collective wisdom. -The LevelUP! Digital Platform provides culturally grounded courses and toolkits to help founders manage their businesses. The program includes courses on accessing capital and business financial health management as well as automated back office management tools. false false false false false false false false false true true false false false false Social Impact Strategies Group Inc N 48847 Based on shared square footage on common facility Social Impact Strategies Group Inc O 30442 Based on time worked for the organization