Public Charity

CONNECTUP INSTITUTE

CONNECTUP INSTITUTE is a Public Charity headquartered in SAINT PAUL, MN. Financial data from the 2024 filing: $638K revenue, $530K expenses, $785K total assets. 13 publicly reported grants to this organization, totaling roughly $610K, appear in IRS filings.

EIN: 852918250 SAINT PAUL, MN Latest filing: 2024
Total Revenue$638K
Total Expenses$530K
Total Assets$785K
Grant Records13
Funding Total$610K
Filing Years2022–2024

Mission

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 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 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

Officers & Directors

Co-Chair Person Denise Butler
Treasurer Felicia Desmith
Co-Chair Person Leigh Lester
Director Rebecca Blumenshine
Vice Chair Victor Jones
President Y Elaine Rasmussen

Officer compensation and complete director data available with membership.

Top Grant Purposes

CASH GRANTS
$156,034 1 grant
MULTIPLE GRANTS FOR MULTIPLE PURPOSES
$80,000 1 grant
FOR BII COHORT PARTICIPATORY GRANTMAKING POOL
$73,944 2 grants
Outreach and Technical Assistance for PPP and Capacity Building
$65,000 1 grant
GENERAL SUPPORT
$50,000 2 grants

Financial Trends

Year Revenue Expenses Assets
2024 $638K $530K $785K
2023 $479K $456K $641K
2022 $650K $395K $404K

Between 2022 and 2024, reported annual revenue held roughly steady at around $638K, with total assets most recently reported at $785K.

Interactive year-over-year charts and full filing details available with membership.

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