2024-10-24T01:47:31-04:00 2023-12-31 990 2023-01-01 852918250 CONNECTUP INSTITUTE % J ELAINE RASSMUSSEN CONN 6515059438 1908 UNIVERSITY AVE W SAINT PAUL MN 551043426 Y Elaine Rasmussen CEO 2024-10-24 false William Hansen P03103531 9528847477 2024-10-24 2023 2024-10-15 13:58:12Z J ELAINE RASSMUSSEN 1908 UNIVERSITY AVE W SAINT PAUL MN 551043426 479058 false X 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 2 8 75 0 0 566205 439354 84220 38657 0 0 0 1047 650425 479058 0 0 0 0 152369 219746 13867 0 32375 228645 235825 394881 455571 255544 23487 403927 640735 109529 202850 294398 437885 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 140464 0 4140464 Training and 85897 0 85897 37587 0 37587 8430 0 8430 272378 true true false false false false false false false false false false false false false false 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 false false false false true 10 0 true 8 true false false false false false false false 0 false false false false false false false false false false 4 2 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 0.00 X X X 82500 0 6333 Jon Rasmussen Chair Person 1.00 0.00 X X 0 0 0 Alex Gameck Vice President 1.00 0.00 X X 0 0 0 Leigh Lester Treasurer 1.00 0.00 X X 0 0 0 82500 0 6333 0 true false false 0 0 0 0 0 439354 0 439354 Other 900999 38657 38657 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 38657 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 1047 1047 0 0 1047 479058 39704 0 0 0 0 0 0 0 0 0 0 82500 60000 15000 7500 0 0 0 0 117917 85542 7500 24875 0 0 0 0 2327 0 2327 0 17002 15153 1849 0 65443 21934 43509 0 1050 0 1050 0 10035 0 10035 0 0 0 0 0 0 0 0 0 0 0 6262 0 6262 0 0 0 0 0 41470 13452 28018 0 0 0 0 0 0 0 0 0 30731 11019 19711 0 15728 10496 5232 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 Program Expenses 65106 54782 10323 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 455571 272378 150816 32375 0 0 0 0 257333 473142 0 0 125000 150000 21594 17593 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 403927 640735 100092 2850 0 0 0 0 0 0 0 0 9437 0 0 0 0 200000 0 0 109529 202850 X 35599 136785 258799 301100 294398 437885 403927 640735 X 23487 0 0 0 0 120000 X true false true false X 0 0 0 566205 388412 954617 0 0 0 38700 50942 89642 0 0 0 45500 39705 85205 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 650405 479059 1129464 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1129464 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 479059 1129464 1 1.0000 0 X Part III - Line 12 | Year:, Amount:, Description:| 2019, , | 2020, | 2021, | 2022, | 2023, | RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED true true X false false false false false false false false false Y Elaine Rasmussen President 82500 0 0 0 0 0 0 0 0 0 82500 0 0 0 Part III, line 2 The organization began three additional programs in 2023 they included CEO Circles- a training and education series for executives of color. Launch MN which is community outreach effort to people of color who may want to Launch a new business and Lunar which is a training series for new potential business owners. Part VI, Line 2 Board Members include the spouse of the President and the Son of the President of the organization. Part VI, Line 11b Board members are provided copies of the organizations 990 and annual financial statements for approval prior to filling the 990 tax return. Part VI, Line 12c Board member are required to file a conflicts of interest document with the organization on an annual basis. Part VI, Line 19 990 and financial statements are available to the public upon written requests. 990 tax return and public documents and provided by the State of Minnesota on an online forum. Part III, Line 4d | Description:, Expense Amount:, Grants Amount:, Revenue Amount:| Launch MN CEO Circles Lunar, $8430, $0, $8430| Part XI, Line 9 | Description:, Explanation:, Amount:| Cash assets transferred on merger, Cash assets transferred in merger with another nonprofit, $120000|