Minnesota State College Southeast Foundation

Organization Overview

Minnesota State College Southeast Foundation is located in Winona, MN. The organization was established in 1988. According to its NTEE Classification (B12) the organization is classified as: Fund Raising & Fund Distribution, 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. Minnesota State College Southeast 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, Minnesota State College Southeast Foundation generated $907.4k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 0.6% each year. All expenses for the organization totaled $951.3k during the year ending 06/2022. While expenses have increased by 6.2% 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.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2022

Describe the Organization's Mission:

Part 3 - Line 1

TO ASSIST THE COLLEGE IN ACHIEVING EXCELLENCE IN TECHNICAL EDUCATION FOR EMPLOYMENT BY DEVELOPING FINANCIAL AND COMMUNITY RESOURCES FOR STUDENTS, EMPLOYERS AND COMMUNITIES WITHIN OUR SERVICE AREA.

Describe the Organization's Program Activity:

Part 3 - Line 4a

THE MINNESOTA STATE COLLEGE SOUTHEAST FOUNDATION'S SCHOLARSHIP PROGRAM IS DESIGNED TO INCREASE ACCESS AND AFFORDABILITY TO HIGHER EDUCATION. THROUGH THE PROGRAM, OVER THE LAST 22 YEARS, MORE THAN $2 MILLION IN SCHOLARSHIPS HAVE BEEN AWARDED TO MORE THAN 2,500 STUDENTS. SCHOLARSHIP APPLICATIONS ARE REVIEWED BY MEMBERS OF THE FOUNDATION'S SCHOLARSHIP COMMITTEE, WHICH IS COMPRISED OF COMMUNITY VOLUNTEERS DEDICATED TO REVIEWING MORE THAN 200 APPLICATIONS ANNUALLY.


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Board, Officers & Key Employees

Name (title)Compensation
Michael Grove
Past President
$0
John Milek
President
$0
Lyle Blanchard
Vice President
$0
Yvette Burk
At Large
$0
Erik Lawson
At Large
$0
Sharon Mccord
At Large
$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$666,562
Noncash contributions included in lines 1a–1f $246,200
Total Revenue from Contributions, Gifts, Grants & Similar$666,562
Total Program Service Revenue$61,641
Investment income $62,670
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $72,000
Net Gain/Loss on Asset Sales $22,400
Net Income from Fundraising Events $22,090
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $907,363

Grants Recieved

Over the last fiscal year, we have identified 6 grants that Minnesota State College Southeast Foundation has recieved totaling $535,966.

Awarding OrganizationAmount
Winona Community Foundation Inc

Winona, MN

PURPOSE: SCHOLARSHIP PROGRAM AND ADVANCED MANUFACTURING INFRASTRUCTURE INITIATIVE

$220,000
Jones Family Foundation

Saint Paul, MN

PURPOSE: MULTIPLE GRANTS FOR MULTIPLE PURPOSES

$219,312
Otto Bremer Trust

St Paul, MN

PURPOSE: BASIC NEEDS FOR STUDENTS

$50,000
Saint Paul & Minnesota Foundation

Saint Paul, MN

PURPOSE: MULTIPLE GRANTS FOR MULTIPLE PURPOSES

$41,500
Xcel Energy Foundation

Minneapolis, MN

PURPOSE: EDUCATION GRANT

$5,000
Amazonsmile Foundation

Seattle, WA

PURPOSE: GENERAL SUPPORT

$154
View Grant Recipient Profile

Endowment Analysis

Beg. Balance$1,006,852
Ending Balance$1,006,852

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