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Compensation 990 is an independent service that uses public IRS Form 990 filings as its source data. We clean and standardize this information, but the original filings may contain errors or omissions. Years on this site refer to the organization’s fiscal year end date on the filing.

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Organizations Human Services Financial Education of Minnesota

Financial Education of Minnesota

Fiscal year ending 2024. Filed on July 28, 2025.

5871 Cedar Lake Rd S Ste 105
ST Louis Park, Minnesota 55416

Financial Education of Minnesota (EIN: 45-3838047) has filed an IRS Form 990 since at least fiscal year 2016. In its fiscal year 2024 IRS Form 990 filing, Financial Education of Minnesota, a 501(c)(3) charitable organization, reported compensation for 5 employees. Among the employees shown here, the average compensation is $25,000. The highest compensated employee at Financial Education of Minnesota is Rayeann Hoffman with fiscal year 2024 compensation of $25,000. Financial Education of Minnesota changed its name from Consumer Credit of Minnesota in 2020.

Revenue, expenses, and employee compensation

Revenue

$66,119

Expenses

$53,273

Employee compensation

$30,143
Revenue, expenses, and employee compensation over time

Reported Compensated Employees

Rayeann Hoffman
Secretary and Treasurer
$25,000
$25,000 No related compNo other comp
Joan Molenaar
Director
$0
Dick Fisher
Director
$0
Jim Rhodes
Chair
$0
John Hoffman
Vice Chair
$0

Benchmark Employee Compensation

Non-Employee Board Members

No board members were reported during this fiscal year.

Mission Statement

FINANCIAL EDUCATION OF MINNESOTA IS COMMITTED TO HELPING OUR CLIENTS BY UNDERSTANDING THEIR SITUATION & MAKING RECOMMENDATIONS THAT WILL HELP THEM ACHIEVE THEIR BUDGET & DEBT REPAYMENT GOALS. WE STRIVE TO MAINTAIN TRAINING & QUALITY SYSTEMS THAT WILL ALLOW OUR COUNSELORS & CLIENT SERVICE TEAM TO PROVIDE A POSITIVE EXPERIENCE FOR OUR CLIENTS. WE COMMIT TO CONTINUALLY IMPROVE OUR QUALITY SYSTEM. WE ALSO PROVIDE RELEVANT, PRACTICAL BUDGET/DEBT/CREDIT EDUCATION TO CHURCHES, SCHOOLS, EMPLOYERS & OTHER COMMUNITY GROUPS.

Revisions to this organization profile

July 28, 2025:
2024 Financial Education of Minnesota 990 filed
November 8, 2024:
2023 Financial Education of Minnesota 990 filed
October 18, 2023:
2022 Financial Education of Minnesota 990 filed

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