Novation Credit Union Foundation | Foundation Profile
GrantBay analyzes IRS Form 990-PF data to help grant seekers find fit funders like Novation Credit Union Foundation. Data shown is extracted from Form 990-PF filings.
EIN: 92-2763426
Foundation Overview
Based in Oakdale, MN, Novation Credit Union Foundation has awarded 10 grants totaling $8,176 to organizations in Minnesota. Individual grants range from $158 to $2,550, with a median award of $409.
Latest Form 990-PF Snapshot
Foundation Intelligence
Advanced analytics and strategic insights to help nonprofit organizations assess grant opportunities and optimize their application strategies
New Applicant Friendliness
6 of 7 recipients (86%) were new grantees. Recent establishment means most partnerships are naturally new. Pattern may not reflect long-term preferences.
Geographic Focus
100% of all grants are concentrated in Minnesota, demonstrating highly focused geographic giving. This foundation prioritizes deep community impact in its primary service area. Within Minnesota, funding concentrates in Oakdale (40%), Hutchinson (20%), Brooklyn Park (10%).
Funding Trajectory
Strong 2171% growth in annual giving over 1 years indicates expanding philanthropic capacity and increasing opportunities for grant seekers. This upward trajectory suggests growing foundation resources and commitment.
Program Areas
Highly focused on general purposes with 100% of funding dedicated to this sector. This specialization indicates deep expertise and committed investment in the field.
Where is The Money Going?
Grants & Funding
Analyzing past grantees provides valuable insights into Novation Credit Union Foundation's funding preferences, organizational priorities, and grant making patterns. This historical data helps potential applicants understand the foundation's strategic focus and identify successful funding approaches.
| Name | Amount | Location | Purpose | Year |
|---|---|---|---|---|
| Hutchinson Health Foundation | $500 | Hutchinson, MN, US | Stroll For Hope | 2024 |
| Best Prep | $2,500 | Brooklyn Park, MN, US | Donation For Mentoring Program | 2024 |
| Holiday Helping Hands | $539 | Oakdale, MN, US | Holiday Gifts To Low Income Families | 2024 |
| Hutchinson Public Schools | $250 | Hutchinson, MN, US | Hutchinson Dollars For Scholars | 2024 |
| Special Olympics Minnesota | $158 | Minneapolis, MN, US | Donation Of Special Olympics | 2024 |
| Minnesota Credit Union Foundation | $725 | Saint Paul, MN, US | Cu4kids | 2024 |
| Bridging | $2,550 | Bloomington, MN, US | Donation Made | 2024 |
| Holiday Helping Hands | $318 | Oakdale, MN, US | Provide Christmas Gifts | 2023 |
| Holiday Helping Hands | $318 | Oakdale, MN, US | Provide Christmas Gifts | 2023 |
| Holiday Helping Hands | $318 | Oakdale, MN, US | Provide Christmas Gifts | 2023 |
Foundations Similar to Novation Credit Union Foundation
Discover 5 foundations with comparable assets ($16,378-$22,561), similar grant patterns, and geographic focus in MN that may also align with your organization's funding needs and grant seeking strategy.
| Foundation Name | Total Assets | Typical Grant Size | Service Area | Similarity Match |
|---|---|---|---|---|
|
Cottonwood Foundation
EIN: 41-1714008 | 145 grants awarded |
$19,410
(≈ Similar) |
$500
median grant |
White Bear Lake, MN
Same state |
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Mcc Ffa-ag Boosters
EIN: 84-2538115 | 60 grants awarded |
$18,816
(≈ Similar) |
$500
median grant |
Slayton, MN
Same state |
|
|
Nicole Middendorf Foundation
EIN: 47-2175297 | 27 grants awarded |
$21,129
(≈ Similar) |
$763
median grant |
Minnetonka, MN
Same state |
|
|
Adolph & Emily Lokensgard
EIN: 31-1561754 | 8 grants awarded |
$22,561
(≈ Similar) |
$500
median grant |
Gaylord, MN
Same state |
|
|
The Nathan Bryant Foundation
EIN: 46-0982756 | 66 grants awarded |
$16,378
(≈ Similar) |
$500
median grant |
Bloomington, MN
Same state |
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Related Foundation Resources in MN:
Contact Information
Official contact details for Novation Credit Union Foundation as registered with the IRS. These details are essential for grant applications, correspondence, and due diligence processes.
| EIN | 92-2763426 |
| Website | http://www.novation.org |
| Address |
Key People (3)
Board members, trustees, and key staff who oversee Novation Credit Union Foundation's grant making decisions and strategic direction. Understanding leadership composition can provide insights into foundation priorities and potential networking opportunities.
| President | [object Object] |
|---|---|
| Vice President | [object Object] |
| Secretary Treasurer | [object Object] |
Forms 990-PF
IRS Form 990-PF filings provide comprehensive financial information, grant details, and operational data. These documents are essential resources for understanding foundation capacity, giving patterns, and strategic priorities.
Form 990-PF Research Tips
- Review Part XV for detailed grant recipient information and funding purposes
- Check Part I for total assets, annual giving amounts, and payout requirements
- Examine Part VIII for key personnel compensation and board structure
- Look for trends across multiple years to understand giving patterns
About This Foundation Profile
This comprehensive foundation profile for Novation Credit Union Foundation is powered by Grant Bay's advanced foundation research platform. Our system analyzes IRS Form 990-PF filings, grant histories, and philanthropic patterns to provide nonprofit organizations with actionable intelligence for grant seeking success.
Data Sources & Accuracy
All information is derived from official IRS filings and public records. Grant Bay processes thousands of Form 990-PF documents to extract grant details, financial data, and organizational information. Data accuracy depends on foundation reporting quality and IRS filing completeness.
Research Applications
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