Financial Education Of Minnesota

Organization summary

Type of Nonprofit

Designated as a Organizations for any of the following purposes: religious, educational, charitable, scientific, literary, testing for public safety, fostering national or international amateur sports competition (as long as it doesn't provide athletic facilities or equipment), or the prevention of cruelty to children or animals.

Category: Human Services — Multipurpose and Other / Financial Counseling, Money Management (NTEE)

Donations to this organization are tax deductible.

Tax Filings by Year

Form 990 is an information return that most organizations claiming federal tax-exempt status must file yearly with the IRS. Nonprofit Explorer has IRS digitized Form 990 data for filings processed in 2012 and later. Duplicate download links may indicate a resubmission or amendment to this organization's original return. Organizations with gross receipts of less than $50,000 can file the form 990-N postcard filing, which doesn’t include financial details. All Form 990 data is from the IRS.

Fiscal Year Ending Dec.
2025

Extracted Financial Data

Extracted Financial Data from 990-EZ
Revenue
$96,758
Expenses
$78,360
Net Income
$18,398
Net Assets
$266,729
Notable Sources of Revenue Percent of Total Revenue
Contributions $20,000
20.7%
Program Services $70,386
72.7%
Investment Income $6,372
6.6%
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Assets/Debt
Total Assets $269,719
Total Liabilities $2,990
Net Assets $266,729
Compensation
Key Employees and Officers Compensation Other
Rayeann Hoffman (Sec/treasurer) $29,300 $0
Jim Rhodes (Chairman) $0 $0
John Hoffman (Vice Chairman) $0 $0
Dick Fisher (Director) $0 $0
Joan Molenaar (Director) $0 $0

Document Links

Fiscal Year Ending Dec.
2024

Extracted Financial Data

Extracted Financial Data from 990-EZ
Revenue
$66,119
Expenses
$53,273
Net Income
$12,846
Net Assets
$248,331
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $64,624
97.7%
Investment Income $1,495
2.3%
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Assets/Debt
Total Assets $250,905
Total Liabilities $2,574
Net Assets $248,331
Compensation
Key Employees and Officers Compensation Other
Rayeann Hoffman (Sec/treasurer) $25,000 $0
Jim Rhodes (Chairman) $0 $0
John Hoffman (Vice Chairman) $0 $0
Dick Fisher (Director) $0 $0
Joan Molenaar (Director) $0 $0

Document Links

Fiscal Year Ending Dec.
2023

Extracted Financial Data

Extracted Financial Data from 990-EZ
Revenue
$57,486
Expenses
$51,493
Net Income
$5,993
Net Assets
$235,485
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $55,981
97.4%
Investment Income $1,505
2.6%
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Assets/Debt
Total Assets $238,859
Total Liabilities $3,374
Net Assets $235,485
Compensation
Key Employees and Officers Compensation Other
Rayeann Hoffman (Sec/treasurer) $23,850 $0
Jim Rhodes (Chairman) $0 $0
John Hoffman (Vice Chairman) $0 $0
Dick Fisher (Director) $0 $0
Joan Molenaar (Director) $0 $0

Document Links

Fiscal Year Ending Dec.
2022

Extracted Financial Data

Extracted Financial Data from 990-EZ
Revenue
$42,146
Expenses
$46,204
Net Income
-$4,058
Net Assets
$229,492
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $41,227
97.8%
Investment Income $919
2.2%
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Assets/Debt
Total Assets $232,733
Total Liabilities $3,241
Net Assets $229,492
Compensation
Key Employees and Officers Compensation Other
Rayeann Hoffman (Sec/treasurer) $22,200 $0
Jim Rhodes (Chairman) $0 $0
John Hoffman (Vice Chairman) $0 $0
Dick Fisher (Director) $0 $0
Joan Molenaar (Director) $0 $0

Document Links

Fiscal Year Ending Dec.
2021

Extracted Financial Data

Extracted Financial Data from 990-EZ
Revenue
$55,051
Expenses
$46,802
Net Income
$8,249
Net Assets
$233,550
Notable Sources of Revenue Percent of Total Revenue
Contributions $9,700
17.6%
Program Services $44,783
81.3%
Investment Income $568
1.0%
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Assets/Debt
Total Assets $237,498
Total Liabilities $3,948
Net Assets $233,550
Compensation
Key Employees and Officers Compensation Other
Rayeann Hoffman (Sec/treasurer) $21,875 $0
Jim Rhodes (Chairman) $0 $0
John Hoffman (Vice Chairman) $0 $0
Dick Fisher (Director) $0 $0
Joan Molenaar (Director) $0 $0

Document Links

Fiscal Year Ending Dec.
2020

Extracted Financial Data

Extracted Financial Data from 990-EZ
Revenue
$145,630
Expenses
$115,553
Net Income
$30,077
Net Assets
$225,290
Notable Sources of Revenue Percent of Total Revenue
Contributions $31,908
21.9%
Program Services $112,855
77.5%
Investment Income $842
0.6%
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $25
0.0%
Assets/Debt
Total Assets $229,426
Total Liabilities $4,136
Net Assets $225,290
Compensation
Key Employees and Officers Compensation Other
Rayeann Hoffman (Sec/treasurer) $20,000 $0
Jim Rhodes (Chairman) $0 $0
John Hoffman (Vice Chairman) $0 $0
Dick Fisher (Director) $0 $0
Joan Molenaar (Director) $0 $0

Document Links

Fiscal Year Ending Dec.
2019

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$155,629
Expenses
$137,388
Net Income
$18,241
Net Assets
$195,213
Notable Sources of Revenue Percent of Total Revenue
Contributions $4,850
3.1%
Program Services $150,653
96.8%
Investment Income $109
0.1%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $17
0.0%
Notable Expenses Percent of Total Expenses
Executive Compensation $16,500
12.0%
Professional Fundraising Fees $0
Other Salaries and Wages $26,381
19.2%
Assets/Debt
Total Assets $199,098
Total Liabilities $3,885
Net Assets $195,213
Compensation
Key Employees and Officers Compensation Related Other
Rayeann Hoffman (Sec/treasurer) $16,500 $0 $0
Jim Rhodes (Chairman) $0 $0 $0
John Hoffman (Vice Chairman) $0 $0 $0
Dick Fisher (Director) $0 $0 $0
Joan Molenaar (Director) $0 $0 $0

Document Links

Fiscal Year Ending Dec.
2018

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$149,698
Expenses
$115,864
Net Income
$33,834
Net Assets
$176,972
Notable Sources of Revenue Percent of Total Revenue
Contributions $5,000
3.3%
Program Services $144,660
96.6%
Investment Income $38
0.0%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $16,800
14.5%
Professional Fundraising Fees $0
Other Salaries and Wages $25,673
22.2%
Assets/Debt
Total Assets $181,430
Total Liabilities $4,458
Net Assets $176,972
Compensation
Key Employees and Officers Compensation Related Other
Rayeann Hoffman (Sec/treasurer) $16,800 $0 $0
Jim Rhodes (Chairman) $0 $0 $0
John Hoffman (Vice Chairman) $0 $0 $0
Dick Fisher (Director) $0 $0 $0
Joan Molenaar (Director) $0 $0 $0

Document Links

Fiscal Year Ending Dec.
2017

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$115,027
Expenses
$90,462
Net Income
$24,565
Net Assets
$143,138
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $114,990
100.0%
Investment Income $37
0.0%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $14,300
15.8%
Professional Fundraising Fees $0
Other Salaries and Wages $17,031
18.8%
Assets/Debt
Total Assets $147,322
Total Liabilities $4,184
Net Assets $143,138
Compensation
Key Employees and Officers Compensation Related Other
Rayeann Hoffman (Sec/treasurer) $14,300 $0 $0
Jim Rhodes (Chairman) $0 $0 $0
John Hoffman (Vice Chairman) $0 $0 $0
Dick Fisher (Director) $0 $0 $0
Joan Molenaar (Director) $0 $0 $0

Document Links

Fiscal Year Ending Dec.
2016

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$110,508
Expenses
$92,075
Net Income
$18,433
Net Assets
$119,627
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $110,477
100.0%
Investment Income $31
0.0%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $15,600
16.9%
Professional Fundraising Fees $0
Other Salaries and Wages $12,288
13.3%
Assets/Debt
Total Assets $120,788
Total Liabilities $1,161
Net Assets $119,627
Compensation
Key Employees and Officers Compensation Related Other
Rayeann Hoffman (Sec/treasurer) $15,600 $0 $0
Jim Rhodes (Chairman) $0 $0 $0
John Hoffman (Vice Chairman) $0 $0 $0
Dick Fisher (Director) $0 $0 $0
Joan Molenaar (Director) $0 $0 $0

Document Links

Fiscal Year Ending Dec.
2015

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$113,536
Expenses
$86,867
Net Income
$26,669
Net Assets
$99,191
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $113,511
100.0%
Investment Income $25
0.0%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $14,600
16.8%
Professional Fundraising Fees $0
Other Salaries and Wages $19,528
22.5%
Assets/Debt
Total Assets $103,275
Total Liabilities $4,084
Net Assets $99,191
Compensation
Key Employees and Officers Compensation Related Other
Rayeann Hoffman (Sec/treasurer) $14,600 $0 $0
Jim Rhodes (Chairman) $0 $0 $0
John Hoffman (Vice Chairman) $0 $0 $0
Kent Johnson (Director) $0 $0 $0
Joan Molenaar (Director) $0 $0 $0
Ross Fillingsness (Director) $0 $0 $0
Dick Fisher (Director) $0 $0 $0
Christian Sande (Director) $0 $0 $0

Document Links

Fiscal Year Ending Dec.
2014

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$144,903
Expenses
$130,656
Net Income
$14,247
Net Assets
$72,522
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $144,873
100.0%
Investment Income $30
0.0%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $40,883
31.3%
Professional Fundraising Fees $0
Other Salaries and Wages $24,155
18.5%
Assets/Debt
Total Assets $75,380
Total Liabilities $2,858
Net Assets $72,522
Compensation
Key Employees and Officers Compensation Related Other
Rayeann Hoffman (Sec/treasurer) $19,450 $0 $0
John Hoffman (Vice President) $11,025 $0 $0
Kent Johnson (President) $10,408 $0 $0
Joan Molenaar (Director) $0 $0 $0
Jim Rhodes (Director) $0 $0 $0
Ross Fillingsness (Director) $0 $0 $0

Document Links

Fiscal Year Ending Dec.
2013

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$210,081
Expenses
$179,309
Net Income
$30,772
Net Assets
$58,275
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $210,060
100.0%
Investment Income $21
0.0%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $71,667
40.0%
Professional Fundraising Fees $0
Other Salaries and Wages $30,031
16.7%
Assets/Debt
Total Assets $61,537
Total Liabilities $3,262
Net Assets $58,275

No Document Links

The IRS has provided extracted financial data for this filing, but has not yet released the source documents.

Fiscal Year Ending Dec.
2012

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

About This Data

What Is This Data?

Nonprofit Explorer includes summary data for nonprofit tax returns and full Form 990 documents, in both PDF and digital formats.

The summary data contains financial information from tax returns processed by the IRS since the 2012 calendar years, as well as data extracted from digital filings. IRS summary data also includes limited older records. This data release includes only a subset of what can be found in the full Form 990s.

In addition to the raw summary data, we link to PDFs and digital copies of full Form 990 documents wherever possible. This consists of separate releases by the IRS of Form 990 documents processed by the agency, which we update regularly.

We also link to copies of audits for nonprofit organizations that spent $750,000 or more in federal grant money in a single fiscal year since 2016. These audits are copied from the Federal Audit Clearinghouse.

Which Organizations Are Here?

Most organizations that have been recognized as tax exempt by the IRS have to file the Form 990 every year, unless they make less than $200,000 in revenue and have less than $500,000 in assets, in which case they have to file the Form 990-EZ. Organizations making less than $50,000 don’t have to file either form but do have to let the IRS they’re still in business via a Form 990N "e-Postcard," which does not contain financial details. Churches are not required to file Form 990.

Nonprofit Explorer has organizations that are claiming tax exemption in any of the 27 subsections of the 501(c) section of the tax code. Taxable trusts and private foundations that are required to file a form 990PF are also included.

Types of Nonprofits

There are 27 nonprofit designations based on the numbered subsections of section 501(c) of the tax code. See the list »

Get the Data

For those interested in acquiring the original data from the source, here’s where our data comes from:

  • Raw filing data. Includes Employer Identification Numbers and summary financials as structured data.
  • Exempt Organization profiles. Includes organization names, addresses, etc. You can merge this with the raw filing data using EIN numbers.
  • Form 990 documents. Prior to 2017, these documents were obtained and processed by Public.Resource.org and ProPublica.
  • Form 990 documents as XML files. Includes complete filing data (financial details, names of officers, tax schedules, etc.) in machine-readable format. Only available for electronically filed documents. Electronic data released prior to October 2021 is also available through Amazon Web Services.
  • Audits. PDFs of single or program-specific audits for nonprofit organizations that spent $750,000 or more in federal grant money in a single fiscal year. Available for fiscal year 2015 and later.

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