Southpoint Financial Credit Union is a private foundation focused on Arts, Culture & Humanities, based in SLEEPY EYE, MN. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $110K in total assets. In 2024, it awarded 13 grants totaling $25K. Net investment income was $140.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$110K
+30.3% YoY
Annual Giving
$25K
-33.7% YoY
Grant Count
13
-18.8% YoY
Avg Grant Size
$2K
-18.4% YoY
Under IRS private-foundation payout rules, Southpoint Financial Credit Union reported a distributable amount of $6K for 2024 — the minimum it must pay out in qualifying distributions.
About Southpoint Financial Credit Union
Based on IRS filings
Southpoint Financial Credit Union is a private foundation focused on Arts, Culture & Humanities, based in SLEEPY EYE, MN. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $110K in total assets. In 2024, it awarded 13 grants totaling $25K. Net investment income was $140.
Focus Areas
Ready to take the next step with Southpoint Financial Credit Union?
Geographic Focus
Where this funder awards grants
Grant Distribution by State
Cities
Financial History
Multi-year comparison from IRS filings
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $110,473 | $84,790 | $79,230 |
| Revenue | $66,361 | $54,430 | $58,303 |
| Expenses | $40,678 | $48,870 | $40,880 |
| Qualifying Distributions | $40,678 | $48,423 | $40,486 |
| Net Investment Income | $140 | — | — |
| Distributable Amount | $5,654 | $4,765 | $4,175 |
Giving Over Time
Total grant dollars and number of grants per year
Grant Insights
How this funder distributes its grants
Top Recipients
Top 10 recipients in 2024
Grant Size Distribution
70 grants across all recorded years
Giving History
Grant recipients and amounts by year
Among its reported 2024 grants, the largest include St Mary's Catholic School ($10,000), Junior Achievement ($3,600), 2024 Gordon Osmonson Scholarship ($1,000).
| Recipient | Purpose | Amount |
|---|---|---|
| ST MARY'S CATHOLIC SCHOOL SLEEPY EYE, MN | TECHNOLOGY GRANT | $10,000 |
| JUNIOR ACHIEVEMENT ST PAUL, MN | 2024 COMMUNITY GRANT | $3,600 |
| 2024 GORDON OSMONSON SCHOLARSHIP SLEEPY EYE, MN | 2024 GORDON OSMONSON SCHOLARSHIP | $1,000 |
| UNIVERSITY OF MN - OTTERNESS SCHOLARSHIP DULUTH, MN | SCHOLARSHIP | $1,000 |
| MINNESOTA STATE UNIVERSITY MANKATO - BLACK SCHOLARSHIP MANKATO, MN | SCHOLARSHIP | $1,000 |
| MINNESOTA STATE UNIVERSITY MANKATO - FINGLAND SCHOLARSHIP MANKATO, MN | SCHOLARSHIP | $1,000 |
| MINNESOTA STATE UNIVERSITY MANKATO - SIMONSEN SCHOLARSHIP MANKATO, MN | SCHOLARSHIP | $1,000 |
| MINNESOTA STATE UNIVERSITY MANKATO - NELSON SCHOLARSHIP MANKATO, MN | SCHOLARSHIP | $1,000 |
| SMSU BUSINESS SERVICES - HOSE SCHOLARSHIP MARSHALL, MN | SCHOLARSHIP | $1,000 |
| UNIVERSITY OF MN - TWIN CITIES - WEBB SCHOLARSHIP MINNEAPOLIS, MN | SCHOLARSHIP | $1,000 |
Leadership & Key People
Officers and directors from IRS filings
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| TROY DIEDRICH | PRESIDENT | 1 | — |
| KIM PETERSON | DIRECTOR (APPOINTED 7/2024) | 1 | — |
| JAY GOSTONCZIK | DIRECTOR (RESIGNED 7/2024) | 1 | — |
| SCOTT SURPRENANT | TREASURER | 1 | — |
| ROBERT WEISS | SECRETARY | 1 | — |
| ADAM SEIFERT | VICE PRESIDENT | 1 | — |
Subject Areas
Focus areas based on grantmaking activity
Frequently Asked Questions
What is Southpoint Financial Credit Union?
Southpoint Financial Credit Union is a private foundation focused on Arts, Culture & Humanities, based in SLEEPY EYE, MN. It holds $110K in total assets as of 2024.
How large is Southpoint Financial Credit Union?
As of 2024, Southpoint Financial Credit Union holds $110K in total assets with $66K in annual revenue. It awarded 13 grants totaling $25K in 2024.
Where does Southpoint Financial Credit Union operate?
Southpoint Financial Credit Union has awarded grants in California, Iowa, Massachusetts, Minnesota, North Dakota, South Dakota, Utah, Wisconsin.
What size grants does Southpoint Financial Credit Union award?
In 2024, Southpoint Financial Credit Union awarded 13 grants totaling $25K — an average of about $2K per grant, based on its IRS Form 990 filings.
How much is Southpoint Financial Credit Union required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2024, Southpoint Financial Credit Union reported a distributable amount of $6K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
What is Southpoint Financial Credit Union's EIN?
Southpoint Financial Credit Union's EIN (Employer Identification Number) is 82-3572824. IRS Form 990 filing data is available on this page for 2020–2024.
Explore Open Grants
Browse active grant opportunities in Southpoint Financial Credit Union's focus areas in our free grants database
Similar Funders
Funders that support many of the same organizations
Morgan Stanley Global Impact Funding Trust Inc
INDIANAPOLIS, IN
Assets
$9.1B
Grants
19,253
Total Given
$1.2B
Tradition Family Foundation
LAKEVILLE, MN
Assets
—
Grants
52
Total Given
$761K
Giustina Foundation
EUGENE, OR
Assets
$18.3M
Grants
17
Total Given
$555K
Lincoln Financial Foundation Inc
RADNOR, PA
Assets
$6.2M
Grants
2,479
Total Given
$8.3M
Piper Sandler Foundation
MINNEAPOLIS, MN
Assets
—
Grants
93
Total Given
$4.5M
Regal Beloit Charitable Foundation
MILWAUKEE, WI
Assets
—
Grants
73
Total Given
$778K
The Business of Good Foundation
ASHTABULA, OH
Assets
$12.8M
Grants
12
Total Given
$1.7M
Lockheed Martin Leadership Association
FORT WORTH, TX
Assets
$513K
Grants
7
Total Given
$28K
Executive Construction Foundation
HILLSIDE, IL
Assets
$1.7M
Grants
78
Total Given
$397K
United Way of Southwest Minnesota
MARSHALL, MN
Assets
$787K
Grants
11
Total Given
$261K
Steven & Kiki Esrick Dream
WEST PALM BEACH, FL
Assets
$785K
Grants
16
Total Given
$1.1M
Kathryn & W H Schwarzschild Fund
RICHMOND, VA
Assets
$1.4M
Grants
79
Total Given
$79K
Data last updated April 2026. Sourced from IRS Form 990-PF filings.
What could you do with Southpoint Financial Credit Union on Grantable?
- Assess strategic fit with your organization
- Draft a tailored letter of inquiry
- Find open RFPs from this funder
- Monitor for new funding opportunities