Community Improvement & Capacity Building
Connectup Institute
SAINT PAUL, MN
Total revenue
$638K
Total expenses
$530K
Net assets
$582K
Grants received
$1.4M
25 grants
EIN
852918250
Tax year
2024
Mission
ConnectUP! Institute is a Black Native-led nonprofit social enterprise based in Saint Paul MN. Our mission: we curate connections among entrepreneurs investors and the business ecosystem to advance equitable access to capital resources and networks for underinvested communities with an emphasis on Black and Brown women and their lived experiences. Significant programs include ConnectUP! Summit is the premiere entrepreneur ecosystem event in Minnesota. The ConnectUP! Summit offers action-oriented content and collaborative networking spaces to bridge the 180 degrees of separation between entrepreneurs from underestimated communities local values-aligned investors and business support organizations statewide. The Summit strengthens an equitable entrepreneur ecosystem that helps all founders get to the next level driving positive sustainable investment and social impact grounded in economic justice; See Schedule O for further information
Programs
3 programs
Integrated Capital Fund provides access to capital to qualified candidates through loans and equity infusions.
Lunar-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.
Connectup Institute provides financial and management training services as well as an annual meeting to connect entrepreneurs to investors and lending institutions.
Financials
FY 2024
Revenue
Expenses
People
6 listed
Y Elaine Rasmussen
President
$67K
40 hrs/wk
Leigh Lester
Co-Chair Person
—
1 hrs/wk
Denise Butler
Co-Chair Person
—
1 hrs/wk
Victor Jones
Vice Chair
—
1 hrs/wk
Felicia DeSmith
Treasurer
—
1 hrs/wk
Rebecca Blumenshine
Director
—
1 hrs/wk
Grants received
Showing 25 of 25
Funded by
$1.4M from 16 funders · 25 grants · 2020–2024
$400K · 4 grants · 2021–2023
$156K · 1 grant · 2023
$125K · 2 grants · 2023–2024
$110K · 2 grants · 2023–2024
$100K · 1 grant · 2023
$75K · 1 grant · 2022
$74K · 2 grants · 2021–2022
$65K · 1 grant · 2020