The Minneapolis Community And Technical College Foundation Inc

Organization Overview

The Minneapolis Community And Technical College Foundation Inc, operating under the name Minneapolis College Foundation, is located in Minneapolis, MN. The organization was established in 1977. According to its NTEE Classification (B19) the organization is classified as: Support N.E.C., under the broad grouping of Education and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Minneapolis College Foundation is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.

For the year ending 06/2024, Minneapolis College Foundation generated $1.0m in total revenue. This represents relatively stable growth, over the past 9 years the organization has increased revenue by an average of 0.7% each year. All expenses for the organization totaled $1.1m during the year ending 06/2024. You can explore the organizations financials more deeply in the financial statements section below.

Since 2015, Minneapolis College Foundation has awarded 20 individual grants totaling $3,023,702. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2024

Describe the Organization's Mission:

Part 3 - Line 1

THE MINNEAPOLIS COMMUNITY & TECHNICAL COLLEGE FOUNDATION HELPS SOLVE ISSUES OF AFFORDABILITY AND ACCESS TO HIGHER EDUCATION THROUGH SCHOLARSHIPS AND INITIATIVES THAT SUPPORT STUDENTS, ENHANCE THE READINESS OF OUR WORKFORCE AND SUPPORT THE STRATEGIC PRIORITIES OF THE COLLEGE.

Describe the Organization's Program Activity:

Part 3 - Line 4a

THE FOUNDATION DOES NOT ADMINISTER ANY PROGRAMS. HOWEVER, IT RAISES FUNDS AND PROVIDES PART OR ALL OF THE FUNDING TO THE COLLEGE TO DEVELOP AND ADMINISTER SPECIFIC PROGRAMS, INITIATIVES AND SCHOLARSHIPS.


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Board, Officers & Key Employees

Name (title)Compensation
Stephanie Hammes-Betti
President
$0
Chuck Malkerson
Board Member
$0
Ramona Harristhal
Board Member
$0
Marc Jensen
Vice President
$0
Jamal James
Board Member
$0
Peter Mclaughlin
Board Member
$0

Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$0
Fundraising events$0
Related organizations$0
Government grants $0
All other contributions, gifts, grants, and similar amounts not included above$798,505
Noncash contributions included in lines 1a–1f $57,686
Total Revenue from Contributions, Gifts, Grants & Similar$798,505
Total Program Service Revenue$0
Investment income $150,262
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $0
Net Gain/Loss on Asset Sales $73,149
Net Income from Fundraising Events $0
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $1,021,916

Grants Awarded

Over the last fiscal year, The Minneapolis Community And Technical College Foundation Inc has awarded $81,475 in support to 2 organizations.

Grant RecipientAmount

MINNEAPOLIS COMMUNITY & TECHNICAL COLLEGE

PURPOSE: FINANCIAL AID

$72,975

MINNEAPOLIS COMMUNITY & TECHNICAL COLLEGE

PURPOSE: PROGRAM EQUIPMENT

$8,500
View Grant Profile

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