Minnesota · Nonprofit
CONNECTUP INSTITUTE
CONNECTUP INSTITUTE (Minnesota) receives grants from 19 organizations whose IRS filings report $1,655,378 to it, the largest being The McKnight Foundation ($325,000). 8 of them have funded it in more than one year.
- Revenue FY2024
- $638k
- Funders on record
- 19
- Grants received
- $1.7M
- Net assets
- $582k
What Connectup Institute does
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
As stated on its FY2024 Form 990.
Programs
Capital Readiness provides training and and coaches to prepare entrepreneurs to be ready to access capital in the marketplace. Training includes business operations accounting and financial operations and marketing.
$85,580 spentof which $80,171 as grants$5,410 earned by the program25% of program spendingIntegrated Capital Fund provides access to capital to qualified candidates through loans and equity infusions.
$123,048 spentof which $83,537 as grants$20,737 earned by the program36% of program spendingLunar-works with startup businesses to train and ready them for the next steps in their organizational and financial development; providing them with next steps to access capital to expand their businesses.
$90,243 spentof which $79,646 as grants$10,597 earned by the program26% of program spendingConnectup Institute provides financial and management training services as well as an annual meeting to connect entrepreneurs to investors and lending institutions.
$45,627 spentof which $363,583 as grants$9,224 earned by the program13% of program spending
The 4 programs described on its FY2024 Form 990, listed largest first by expense. Program spending in total: $344,498.
The organization over time
Each line starts at 100 in 2022, so what you read is the shape rather than the size: 150 means half as much again as 2022, 50 means half. The number beside each label in the key is where it ended. The shaded band is where the middle 50% of its peers' revenue would sit, given their growth.
Balance sheet
Total assets and total liabilities at each year end, in dollars. The largest one-year move in total assets was 2022 to 2023, from $404k to $641k (+59%).
How it's funded, over time
Each bar is one year's revenue split into where it came from, and every bar is the same height — these are shares, not amounts, so a year that raised twice as much looks the same size. Hover a bar for the split.
86% of CONNECTUP INSTITUTE’s revenue is contributions — more donation-reliant than the typical peer (62% for the typical peer).
Surplus & reserves
Operating surplus or deficit each year, and months of liquidity in hand. 0 of the last 3 reported years ran a deficit.
reserve
Leadership and staff
The officers, directors, trustees and key employees listed on each return. Joined and no longer listed compare each filing with the year before, matching people by surname and first initial; a year after a gap, or a roster under three people, has no comparison.
Who funds it, year by year
2020 → 2023: the base broadened from 1 funder to 11 funders, grant income rose $65k → $706k.
7 of 19 of your funders are donor-advised or pass-through sponsors (tagged DAF) — 25% of grant dollars received. That money is really individual donors directing a sponsor; the institutions to cultivate are the non-DAF funders.
From the IRS filings of CONNECTUP INSTITUTE’s funders (the co-funder graph). Association, not causation. Trends are read to FY2023, the last fiscal year that has finished arriving. FY2024–FY2026 are still being filed and are shown unshaded; they do not move any figure on this page.
How concentrated its funding is
CONNECTUP INSTITUTE has a broad base — no single funder exceeds 20% of grant income, and it takes 4 funders to reach half.
the vertical line marks half of all grant income — 4 funders to its left
52% of the income these shares are computed over arrives through pass-through sponsors or from payers whose filings do not say what kind of payment it is. Concentration is still measured over all of it, because the money is real; what it does not support is a claim about how many institutions have chosen to fund CONNECTUP INSTITUTE.
Largest funder’s share by year: 2020 100% · 2021 54% · 2022 42% · 2023 22% — diversifying over time.
“Effective funders” = inverse Herfindahl index (1 / Σ shareᵢ²) — the number of equal-sized funders that would give the same concentration. Trends are read to FY2023, the last fiscal year that has finished arriving. FY2024–FY2026 are still being filed and are shown unshaded; they do not move any figure on this page.
How long its funders stay
50% of CONNECTUP INSTITUTE's funders are still giving 2 years after their first grant; 42% give in more than one year at all.
Share of funders still giving k years after their first recorded grant, pooled across every acquisition cohort. A funder counts as retained in a year only if it made a grant that year. Measured to FY2023, the last fiscal year that has finished arriving — a funder cannot be counted as lapsed in a year most filers have not reached.
Where its funders are
98% of CONNECTUP INSTITUTE's grant income comes from Minnesota funders.
In-state vs out-of-state, by year
Funder states come from each funder’s own filing. $409k arriving through sponsors registered in 6 states is excluded from the map and the split above: a sponsor holds money on a donor’s behalf, so its registered address would place those dollars somewhere no donor need ever have been. Trends are read to FY2023, the last fiscal year that has finished arriving. FY2024–FY2026 are still being filed and are shown unshaded; they do not move any figure on this page.
Against its field
CONNECTUP INSTITUTE holds deeper cash reserves than three-quarters of the 11,990 community improvement nonprofits its size.
this organization peer median middle 50% of peers· 11,990 community improvement nonprofits $100k–$1M, FY2024
Organizations like CONNECTUP INSTITUTE
Organizations whose mission and program text most resemble this one, by semantic similarity over every organization in the US filings — the closest peers, and often the clearest route to shared or prospective funders.
In Minnesota
Nationally
Read directly from this organization’s own Form 990, as neutral context.
Where the money goes
65% of spending goes to programs.
Governance
Public support
100%
Share of support from the public (Schedule A) — the basis for its public-charity status.
Footprint & structure
Files a return copy in 1 state
Screen this organization
A dated, signed PDF of the compliance screen for CONNECTUP INSTITUTE: IRS status (Business Master File, Publication 78, auto-revocation), the OFAC sanctions lists, the Internal Revenue Bulletin, and California registration, with the Rev. Proc. 2018-32 §8.01 reliance elements stated element by element. Generated from the current files at the moment you download it.
Screens are triage, not determinations; a source that cannot be read reports not screened, never clear. Screen this nonprofit · How the screen works · on the API as GET /api/screening/{ein}?format=pdf
Questions and answers
- Who funds CONNECTUP INSTITUTE?
- CONNECTUP INSTITUTE (Minnesota) receives grants from 19 organizations whose IRS filings report $1,655,378 to it, the largest being The McKnight Foundation ($325,000). 8 of them have funded it in more than one year.
- How many funders does CONNECTUP INSTITUTE have?
- IRS filings report 19 organizations giving $1,655,378 in grants to CONNECTUP INSTITUTE, 8 of which have funded it in more than one year.
- Who is the largest funder of CONNECTUP INSTITUTE?
- The McKnight Foundation is the largest funder on record, with $325,000 in grants. The full list of funders is on this page.
- How can an organization like CONNECTUP INSTITUTE find more funders?
- Start with the funders already giving here, then look at the foundations that back similar organizations in Minnesota. The funding by cause and by state pages list the largest funders for a given area and how to approach them.
Play a game about who funds Connectup Institute →
These figures are read directly from IRS Form 990 / 990-PF e-file XML: this organization’s own return for FY2024 (financials across 2022–2024), and the filings of 19 funders that report grants to it. “On record” means captured in the filings we have parsed — a funder that does not e-file, or whose grant detail is not itemized, will not appear. Filings run roughly 12–24 months behind. Trends on this page end at FY2023, the last fiscal year that has finished arriving; later years are shown and marked, and move no figure. Data on this page was exported October 22, 2026. What this page cannot tell you · view filing