Minnesota Private College Council Inc
- Assets
- $4.0m
- Revenue
- $3.0m
- Investments
- $0.0
- Employees
- 15
- Location
- St Paul, MN
- Founding
- 11/2013
- Data as of
- 06/2023
- EIN
- 45-5394262
Organization Overview
Minnesota Private College Council Inc is located in St Paul, MN. The organization was established in 2013. According to its NTEE Classification (B01) the organization is classified as: Alliances & Advocacy, under the broad grouping of Education and related organizations. As of 06/2023, Minnesota Private College Council Inc employed 15 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Minnesota Private College Council Inc is a 501(c)(4) and as such, is described as a "Civic League, Social Welfare Organization, and Local Association of Employees" by the IRS.
For the year ending 06/2023, Minnesota Private College Council Inc generated $3.0m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 0.2% each year. All expenses for the organization totaled $3.0m during the year ending 06/2023. While expenses have increased by 2.3% per year over the past 8 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.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
THE MINNESOTA PRIVATE COLLEGE COUNCIL SERVES THE SHARED NEEDS OF ITS MEMBER COLLEGES AND ADVOCATES FOR PUBLIC POLICY THAT MEETS THE EDUCATIONAL NEEDS OF STUDENTS, ENHANCES PRIVATE HIGHER EDUCATION, AND STRENGTHENS MINNESOTA'S ECONOMIC AND CIVIC FABRIC.
Describe the Organization's Program Activity:
Part 3 - Line 4a
MINNESOTA PRIVATE COLLEGE COUNCIL, INC. (THE CORPORATION) IS A MINNESOTA NONPROFIT CORPORATION INCORPORATED ON MAY 22, 2012. IT IS ORGANIZED AND OPERATED EXCLUSIVELY FOR SOCIAL WELFARE, CHARITABLE, AND EDUCATIONAL PURPOSES; AND TO (I) FOSTER AND IMPLEMENT CO-OPERATION AMONG ITS MEMBERS FOR THE IMPROVEMENT OF HIGHER EDUCATION; (II) PROVIDE A UNIFIED VOICE FOR EFFECTIVE COMMUNICATION REGARDING INDEPENDENT HIGHER EDUCATION IN THE STATE OF MINNESOTA; (III) CO-OPERATE WITH INSTITUTIONS OF HIGHER EDUCATION, GOVERNMENT AGENCIES AND OTHER INTERESTED GROUPS IN DEVELOPING POLICIES AND PLANNING PROGRAMS FOR THE ADVANCEMENT OF HIGHER EDUCATION. THE CORPORATION CONDUCTS PUBLIC RELATIONS AND ADVOCACY WORK, LEGISLATIVE LOBBYING, COOPERATIVE MARKETING OF OUR MEMBER INSTITUTIONS TO STUDENTS AND FAMILIES, AND RESEARCH. THE CORPORATION ALSO SERVES AS A VEHICLE FOR COLLABORATION OF ITS MEMBER INSTITUTIONS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Paul D Cerkvenik President And CEO | OfficerTrustee | 52 | $373,492 |
Rebecca Bergman Chair | OfficerTrustee | 3 | $0 |
Kathleen Cooney Vice Chair | OfficerTrustee | 1 | $0 |
William Craft Secretary/treasurer | OfficerTrustee | 1 | $0 |
Ross Allen Director | Trustee | 1 | $0 |
David R Anderson Director | Trustee | 1 | $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 | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $2,889,569 |
| Investment income | $73,628 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $2,964,558 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $587,803 |
| Compensation of current officers, directors, key employees. | $117,561 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $962,279 |
| Pension plan accruals and contributions | $122,980 |
| Other employee benefits | $179,890 |
| Payroll taxes | $96,876 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $19,178 |
| Fees for services: Accounting | $13,423 |
| Fees for services: Lobbying | $166,000 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $2,095 |
| Fees for services: Other | $361,598 |
| Advertising and promotion | $60,652 |
| Office expenses | $36,905 |
| Information technology | $63,592 |
| Royalties | $0 |
| Occupancy | $108,006 |
| Travel | $19,462 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $40,078 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $11,537 |
| Insurance | $12,754 |
| All other expenses | $2,099 |
| Total functional expenses | $3,025,900 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,369,245 |
| Savings and temporary cash investments | $2,108,293 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $42,926 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $43,116 |
| Net Land, buildings, and equipment | $26,920 |
| Investments—publicly traded securities | $253,474 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $179,685 |
| Total assets | $4,023,659 |
| Accounts payable and accrued expenses | $46,349 |
| Grants payable | $0 |
| Deferred revenue | $51,411 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $145,665 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $458,633 |
| Total liabilities | $702,058 |
| Net assets without donor restrictions | $3,321,601 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $4,023,659 |