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CONNECTUP INSTITUTE

SAINT PAUL, MNEIN: 85-2918250

Data sourced from IRS 990 public filings

CONNECTUP INSTITUTE 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

Local (City/County Level)
Racial/Ethnic Minorities
Progressive/Social Justice
Workforce & Economic Opportunity
Community & Economic Development
Community-Led/Participatory/Grassroots
Low-Income/Economically Disadvantaged
Direct Service Delivery

Annual Revenue

$638,171

Known Funders

9

Grants Received

12

Financial History

YearRevenueExpensesAssets
2024$638,171$529,780$785,263
2023$479,058$455,571$640,735
2022$650,425$394,881$403,927

Top Funders

LUNAR INC

ST PAUL, MN

$156,034 (2023)
TARGET FOUNDATION

MINNEAPOLIS, MN

$100,000 (2024)
TARGET FOUNDATION

MINNEAPOLIS, MN

$100,000 (2022)
$50,000 (2023)
IMPACTASSETSINC

BETHESDA, MD

$40,000 (2023)
RSF SOCIAL FINANCE INC

SAN FRANCISCO, CA

$38,944 (2021)
$30,000 (2022)
$30,000 (2023)
$30,000 (2023)
$30,000 (2023)

Key Personnel

From 2024 IRS 990 filing

Y

Y Elaine Rasmussen

President

OfficerKey EmployeeHighest Compensated
L

Leigh Lester

Co-Chair Person

Officer
D

Denise Butler

Co-Chair Person

Officer
V

Victor Jones

Vice Chair

Officer
F

Felicia DeSmith

Treasurer

Officer
R

Rebecca Blumenshine

Director

Frequently Asked Questions

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