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EIN 41-6159209

Hedin-Hartnagel Memorial Fund

IRS 501(c) type
501(c)(3)
Num. employees
0
City
Red Wing
State
Minnesota
Year formed
1955
Most recent tax filings
2022-12-01
NTEE code, primary
B82: Scholarships, Student Financial Aid Services
Description
The Hedin-Hartnagel Memorial Fund provides low-interest student loans to Red Wing High School graduates for post-secondary education. In 2022, the fund issued a total of 76 new loans totaling $103,500. Since its inception in 1955, the fund has helped 1,244 students receive over $3,865,023 in low-interest student loans.
Total revenues
$17,737
2022
Total expenses
$14,909
2022
Total assets
$1,064,474
2022
Num. employees
0
2022

Program areas at Hedin-Hartnagel Memorial Fund

To provide low-interest student loans to red wing high school graduates for post-secondary education. In 2022, a total of 76 new loans totaling $103,500 were issued. Since inception in 1955, 1,244 students have received over $3,865,023 in low-interest student loans. Principal and interest received on the repayment of these loans are returned to the pool to be used for future student loans.

Personnel at Hedin-Hartnagel Memorial Fund

NameTitleCompensation
Jim LeisePresident$0
Ellie KellyVice President$0

Financials for Hedin-Hartnagel Memorial Fund

RevenuesFYE 12/2022
Total grants, contributions, etc.$7,785
Program services$8,772
Investment income and dividends$1,180
Tax-exempt bond proceeds$0
Royalty revenue$0
Net rental income$0
Net gain from sale of non-inventory assets$0
Net income from fundraising events$0
Net income from gaming activities$0
Net income from sales of inventory$0
Miscellaneous revenues$0
Total revenues$17,737

Form 990s for Hedin-Hartnagel Memorial Fund

Fiscal year endingDate received by IRSFormPDF link
2022-122023-05-12990View PDF
2020-122021-11-14990View PDF
2019-122021-05-05990View PDF
2018-122019-07-31990View PDF
2017-122018-08-03990View PDF
...and 1 more Form 990
Data update history
August 18, 2021
Posted financials
Added Form 990 for fiscal year 2019
September 30, 2020
Posted financials
Added Form 990 for fiscal year 2018
March 18, 2020
Used new vendors
Identified 3 new vendors, including , , and
March 17, 2020
Updated personnel
Identified 2 new personnel
August 3, 2018
Posted financials
Added Form 990 for fiscal year 2017
Nonprofit Types
SchoolsCharities
Issues
Education
Characteristics
State / local levelTax deductible donationsNo full-time employees
General information
Address
PO Box 222
Red Wing, MN 55066
County
Goodhue County, MN
Phone
(651) 301-0474
IRS details
EIN
41-6159209
Fiscal year end
December
Taxreturn type
Form 990
Year formed
1955
Eligible to receive tax-deductible contributions (Pub 78)
Yes
Categorization
NTEE code, primary
B82: Scholarships, Student Financial Aid Services
NAICS code, primary
522120: Savings Institutions
Parent/child status
Independent
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