Dakota County Technical College Foundation

Organization Overview

Dakota County Technical College Foundation is located in Rosemount, MN. The organization was established in 1984. According to its NTEE Classification (B11) the organization is classified as: Single Organization Support, 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. Dakota County Technical 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 06/2022, Dakota County Technical College Foundation generated $1.1m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 4.6% each year. All expenses for the organization totaled $971.1k during the year ending 06/2022. While expenses have increased by 2.2% per year over the past 7 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.

Since 2015, Dakota County Technical College Foundation has awarded 38 individual grants totaling $3,182,740. 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

2022

Describe the Organization's Mission:

Part 3 - Line 1

UTILIZE BOARD STRENGTHS AND COMMUNITY CONNECTIONS TO INFLUENCE DCTC IN MAINTAINING RELEVANCY & ATTRACTING & RETAINING STUDENTS WHILE SUPPORTING THEIR RESOURCE & FINANCIAL NEEDS OF CURRENT AND FUTURE STUDENTS IN A MEANINGFUL & SUSTAINABLE WAY.

Describe the Organization's Program Activity:

Part 3 - Line 4a

PROVIDE ASSISTANCE TO STUDENTS THROUGH SCHOLARSHIPS.


PROVIDE ASSISTANCE TO DCTC THROUGH PROGRAM EQUIPMENT AND OTHER DCTC PROGRAM SUPPORT.


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Board, Officers & Key Employees

Name (title)Compensation
Ann Byre
Secretary
$0
Stephen Engel
Chair
$0
Scott Kadrlik
Treasurer
$0
Joel Trinkle
Vice Chair
$0
Kimberly Anne Shaff
Foundation Executive Direc
$0
Kathy Funston
Board Member
$0

Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$0
Fundraising events$42,660
Related organizations$0
Government grants $0
All other contributions, gifts, grants, and similar amounts not included above$928,684
Noncash contributions included in lines 1a–1f $516,652
Total Revenue from Contributions, Gifts, Grants & Similar$971,344
Total Program Service Revenue$0
Investment income $149,282
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $0
Net Gain/Loss on Asset Sales -$42,073
Net Income from Fundraising Events -$3,600
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $1,074,953

Grants Awarded

Over the last fiscal year, Dakota County Technical College Foundation has awarded $559,892 in support to 3 organizations.

Grant RecipientAmount

DAKOTA COUNTY TECHNICAL COLLEGE

PURPOSE: PROGRAM EQUIPMENT

$476,106

DAKOTA COUNTY TECHNICAL COLLEGE

PURPOSE: PROGRAM EQUIPMENT

$78,915

DAKOTA COUNTY TECHNICAL COLLEGE

PURPOSE: STUDENT LIFE/ATHLETICS

$4,871
View Grant Profile

Grants Recieved

Over the last fiscal year, we have identified 1 grants that Dakota County Technical College Foundation has recieved totaling $2,500.

Awarding OrganizationAmount
Connexus Energy Foundation

Ramsey, MN

PURPOSE: SCHOLARSHIP

$2,500
View Grant Recipient Profile

Endowment Analysis

Beg. Balance$2,171,791
Earnings-$75,838
Net Contributions$25,000
Grants$77,536
Ending Balance$2,043,417

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