Southpoint Financial Credit Union

Foundation · Grantmaker SLEEPY EYE, MN EIN: 41-0518425 Website

SOUTHPOINT FINANCIAL CREDIT UNION EMPOWERS MEMBERS TO ACHIEVE THEIR GOALS AND DREAMS BY PROVIDING EXCEPTIONAL SERVICE AND GUIDANCE. WE ASPIRE TO BECOME THE PRIMARY FINANCIAL INSTITUTION FOR MEMBERS, CONTRIBUTE TO THE WELL-BEING OF OUR COMMUNITIES AND MAINTAIN EARNINGS.

Financial Overview

From 2024 IRS Form 990-PF · View filing

Total Assets

$572.2M

+9.2% YoY

Annual Giving

$32K

Grant Count

Avg Grant Size

$32K

About Southpoint Financial Credit Union

Based on IRS filings

Southpoint Financial Credit Union is a nonprofit organization, based in SLEEPY EYE, MN. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $572.2M in total assets. In 2024, it awarded 1 grants totaling $32K. Net investment income was $2.6M.

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Geographic Focus

Where this funder awards grants

Grant Distribution by State

Minnesota $32K (100%)

States

Minnesota

Cities

SLEEPY EYE

Financial History

Multi-year comparison from IRS filings

Revenue

Expenses

Qualifying Distributions

Net Investment Income

Metric	2024	2023	2022
Total Assets	$572,168,874	$524,062,187	$533,091,091
Revenue	$30,688,891	$26,142,892	$21,293,740
Expenses	$28,971,069	$24,723,024	$18,078,756
Qualifying Distributions	—	—	—
Net Investment Income	$2,575,927	$1,432,686	$1,172,459
Distributable Amount	—	—	—

Giving Over Time

Total grant dollars and number of grants per year

Grant Insights

How this funder distributes its grants

Top Recipients

Top 1 recipients in 2024

Grant Size Distribution

1 grants across all recorded years

Giving History

Grant recipients and amounts by year

Among its reported 2024 grants, the largest include Southpoint Financial Credit Union Foundation ($31,866).

Recipient	Purpose	Amount
SOUTHPOINT FINANCIAL CREDIT UNION FOUNDATION SLEEPY EYE, MN	TO SUPPORT THE FOUNDATION'S MISSION OF CHARITABLE AND EDUCATIONAL PURPOSES.	$31,866

Leadership & Key People

Officers and directors from IRS filings

Compensation Overview

From 2024 IRS filing

From 2024 filing

Name	Title	Hours	Compensation
ADAM SEIFERT	BOARD CHAIRPERSON	4	—
MATT LUX	BOARD VICE CHAIRPERSON	4	—
CHARLIE GRAVELLE	BOARD SECRETARY, TREASURER	4	—
SCOTT SUPRENANT	BOARD MEMBER	4	—
BOB WEISS	BOARD MEMBER	4	—
TAMMY HELGET	BOARD MEMBER	4	—
MARK BRUGGEMAN	BOARD MEMBER	4	—
JERRY FORSTER	BOARD MEMBER	4	—
ASHOK GOYAL	BOARD MEMBER	4	—
JAY GOSTONCZIK	CEO	40	$278,117
ALAN PETERSON	CFO	40	$192,323
PATRICE GOHL	COO	40	$183,909
TROY DIEDRICH	EVP	40	$189,606
DAVID SCHOUTEN	CIO	40	$174,573
ROBERT SCHMID	CLO	40	$142,026
JOEL HEITNER	DIRECTOR OF DEPOSITS AND MEMBER EXPERIENCE	40	$121,637
AMANDA COOK	DIRECTOR OF OPERATIONS	40	$112,360
JEFFREY ANDERSON	VP OF LENDING	40	$110,103
MICHAEL JONES	SENIOR BUSINESS TECH CONSULTANT	40	$109,038

Frequently Asked Questions

How large is Southpoint Financial Credit Union?

As of 2024, Southpoint Financial Credit Union holds $572.2M in total assets with $30.7M in annual revenue. It awarded 1 grants totaling $32K in 2024.

Where does Southpoint Financial Credit Union operate?

Southpoint Financial Credit Union has awarded grants in Minnesota.

What size grants does Southpoint Financial Credit Union award?

In 2024, Southpoint Financial Credit Union awarded 1 grants totaling $32K — an average of about $32K per grant, based on its IRS Form 990 filings.

What is Southpoint Financial Credit Union's EIN?

Southpoint Financial Credit Union's EIN (Employer Identification Number) is 41-0518425. IRS Form 990 filing data is available on this page for 2020–2024.