Civic Intelligence

Minnesota High Technology Foundation Inc

990 • Fiscal year 2010 • EIN 36-3367684

Jan 01, 2010 to Dec 31, 2010 • Filed on Aug 10, 2011

2470 Highcrest Road No 10055113
Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

32nd percentile

0.04x

Higher debt load relative to assets than 32% of similar nonprofits.

2010 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2010

Liabilities / Revenue

Score unavailable

No value available

Liabilities-to-revenue requires both liabilities and revenue on this filing.

Source year 2010

Net Margin

Score unavailable

No value available

Net margin requires both revenue and expenses on this filing.

Source year 2010

Top Officer Pay

Score unavailable

No value available

This filing does not contain officer compensation rows.

Source year 2010

Asset Growth

Score unavailable

No value available

No earlier valid filing was available within the previous three public years.

Source year 2010

Revenue Growth

Score unavailable

No value available

No valid filing value is available for this score.

Assets

$950,837

No earlier filing loaded for comparison.

Net Assets

$914,133

No earlier filing loaded for comparison.

Liabilities

$36,704

No earlier filing loaded for comparison.

Revenue

-

No earlier filing loaded for comparison.

Expenses

$255,390

No earlier filing loaded for comparison.

Net Income

-

No earlier filing loaded for comparison.

Historical Trend

Balance Sheet Trend

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$1.0M$500K$0Assets 2010: $950,837Liabilities 2010: $36,704Net Assets 2010: $914,1332010Assets 2011: $821,798Liabilities 2011: $35,573Net Assets 2011: $786,2252011Assets 2012: $708,154Liabilities 2012: $39,510Net Assets 2012: $668,6442012Assets 2013: $494,481Liabilities 2013: $11,168Net Assets 2013: $483,3132013Assets 2014: $456,926Liabilities 2014: $4,677Net Assets 2014: $452,2492014Assets 2015: $291,119Liabilities 2015: $2,388Net Assets 2015: $288,7312015Assets 2016: $549,201Liabilities 2016: $220,000Net Assets 2016: $329,2012016Assets 2017: $547,362Liabilities 2017: $261,841Net Assets 2017: $285,5212017Assets 2018: $550,538Liabilities 2018: $237,875Net Assets 2018: $312,6632018Assets 2019: $570,828Liabilities 2019: $242,388Net Assets 2019: $328,4402019Assets 2021: $600,393Liabilities 2021: $145,624Net Assets 2021: $454,7692021Assets 2022: $503,211Liabilities 2022: $324,908Net Assets 2022: $178,3032022Assets 2023: $477,616Liabilities 2023: $279,370Net Assets 2023: $198,2462023Assets 2024: $250,260Liabilities 2024: $190,162Net Assets 2024: $60,0982024

Highlighted filing

2010

Assets$950,837
Liabilities$36,704
Net Assets$914,133

Operations Trend

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$600K$400K$200K$0-$200K-$400KExpenses 2010: $255,3902010Expenses 2011: $434,4632011Expenses 2012: $511,6422012Revenue 2013: $292,997Expenses 2013: $478,328Net Income 2013: -$185,3312013Revenue 2014: $333,350Expenses 2014: $364,414Net Income 2014: -$31,0642014Revenue 2015: $259,935Expenses 2015: $423,453Net Income 2015: -$163,5182015Revenue 2016: $403,123Expenses 2016: $362,653Net Income 2016: $40,4702016Revenue 2017: $390,545Expenses 2017: $434,225Net Income 2017: -$43,6802017Revenue 2018: $436,501Expenses 2018: $409,359Net Income 2018: $27,1422018Revenue 2019: $375,690Expenses 2019: $359,913Net Income 2019: $15,7772019Revenue 2021: $375,492Expenses 2021: $206,460Net Income 2021: $169,0322021Revenue 2022: $220,273Expenses 2022: $496,739Net Income 2022: -$276,4662022Revenue 2023: $303,864Expenses 2023: $283,921Net Income 2023: $19,9432023Revenue 2024: $247,064Expenses 2024: $385,212Net Income 2024: -$138,1482024

Highlighted filing

2010

Revenue-
Expenses$255,390
Net Income-
Jump To
Filing Snapshot
Filing Period
Jan 1, 2010 to Dec 31, 2010
Signed
Aug 10, 2011
Return Version
2010v3.4
Gross Receipts
$1,070,260
Mission and Program Overview

Mission

The mhta foundation's mission is to build and foster a thriving stem workforce in minnesota.

Major Activities

Activity 2
Scholarship programs:the foundation manages a scholarship program focused on college students studying science, technology, engineering and math (stem). Currently there are three components: foundation scholarships, named scholarships and research inc. Scholarships. The foundation raises funds for the foundation and named scholarships; these scholarships are awarded to students studying in stem fields in minnesota accredited colleges and universities. The foundation also manages the research inc. Program which was established through a donation by research inc. In 2000. Three scholarships are awarded to engineering students at the college of science and engineering at the university of minnesota based upon criteria established by research inc.
Activity 3
Mentoring - the minnesota high tech foundation is actively engaged to create mentoring experiences and relationships which connect students with experienced professionals in the fields of science, technology, engineering and math (stem).internships/student engagement - the minnesota high tech foundation works with our partners and members in the business community to create internships for higher education students in the stem fields. We provide information concerning these opportunities via the website as well as a resource guide for students seeking opportunities within the stem fields.
Filing and Contact Details

Filer

EIN
36-3367684
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IRS990/Activity2/Description0SCHOLARSHIP PROGRAMS:THE FOUNDATION MANAGES A SCHOLARSHIP PROGRAM FOCUSED ON COLLEGE STUDENTS STUDYING SCIENCE, TECHNOLOGY, ENGINEERING AND MATH (STEM). CURRENTLY THERE ARE THREE COMPONENTS: FOUNDATION SCHOLARSHIPS, NAMED SCHOLARSHIPS AND RESEARCH INC. SCHOLARSHIPS. THE FOUNDATION RAISES FUNDS FOR THE FOUNDATION AND NAMED SCHOLARSHIPS; THESE SCHOLARSHIPS ARE AWARDED TO STUDENTS STUDYING IN STEM FIELDS IN MINNESOTA ACCREDITED COLLEGES AND UNIVERSITIES. THE FOUNDATION ALSO MANAGES THE RESEARCH INC. PROGRAM WHICH WAS ESTABLISHED THROUGH A DONATION BY RESEARCH INC. IN 2000. THREE SCHOLARSHIPS ARE AWARDED TO ENGINEERING STUDENTS AT THE COLLEGE OF SCIENCE AND ENGINEERING AT THE UNIVERSITY OF MINNESOTA BASED UPON CRITERIA ESTABLISHED BY RESEARCH INC.
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IRS990/Activity3/Description0MENTORING - THE MINNESOTA HIGH TECH FOUNDATION IS ACTIVELY ENGAGED TO CREATE MENTORING EXPERIENCES AND RELATIONSHIPS WHICH CONNECT STUDENTS WITH EXPERIENCED PROFESSIONALS IN THE FIELDS OF SCIENCE, TECHNOLOGY, ENGINEERING AND MATH (STEM).INTERNSHIPS/STUDENT ENGAGEMENT - THE MINNESOTA HIGH TECH FOUNDATION WORKS WITH OUR PARTNERS AND MEMBERS IN THE BUSINESS COMMUNITY TO CREATE INTERNSHIPS FOR HIGHER EDUCATION STUDENTS IN THE STEM FIELDS. WE PROVIDE INFORMATION CONCERNING THESE OPPORTUNITIES VIA THE WEBSITE AS WELL AS A RESOURCE GUIDE FOR STUDENTS SEEKING OPPORTUNITIES WITHIN THE STEM FIELDS.
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IRS990ScheduleD/Form990ScheduleDPartXIV/Explanation0THE FOUNDATION HAS ADOPTED THE GUIDANCE IN THE INCOME TAX STANDARD REGARDING THE RECOGNITION AND MEASUREMENT OF UNCERTAIN TAX POSITIONS. THE ADOPTION OF THIS STANDARD HAD NO IMPACT ON THE FOUNDATION'S FINANCIAL STATEMENTS. THE FOUNDATION FILES AS A TAX-EXEMPT ORGANIZATION. THE FOUNDATION'S 2007 THROUGH 2009 TAX YEARS ARE OPEN FOR EXAMINATION BY THE INTERNAL REVENUE SERVICE.
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IRS990ScheduleD/OtherLiabilities/Description1DUE TO FISCAL AGENCIES
IRS990ScheduleD/OtherRevenuesNotIncluded0183419
IRS990ScheduleD/RevenueNotRptdF990021242
IRS990ScheduleD/RevenueNotRptdOnFinStmt0183419
IRS990ScheduleD/RevenueSubtotal0873539
IRS990ScheduleD/TotalAdjustments00
IRS990ScheduleD/TotalExpenses0255390
IRS990ScheduleD/TotalExpensesPerForm9900255390
IRS990ScheduleD/TotalOfAmounts036704
IRS990ScheduleD/TotalOfBookValueLandBuildings023423
IRS990ScheduleD/TotalRevenue01056958
IRS990ScheduleD/TotalRevenuePerForm99001056958
IRS990ScheduleD/TotExpensesEtcAuditedFinclStmt093213
IRS990ScheduleD/TotRevenueEtcAuditedFinclStmt0894781
IRS990ScheduleG/EventsInformation/CharitableContributionsEvent106947
IRS990ScheduleG/EventsInformation/CharitableContributionsTotal06947
IRS990ScheduleG/EventsInformation/DirectExpenseSummaryEvents013302
IRS990ScheduleG/EventsInformation/GrossReceiptsEvent1021947
IRS990ScheduleG/EventsInformation/GrossReceiptsTotal021947
IRS990ScheduleG/EventsInformation/GrossRevenueEvent1015000
IRS990ScheduleG/EventsInformation/GrossRevenueTotalEvents015000
IRS990ScheduleG/EventsInformation/NameOfEvent10AFTER TEKNE CELEBRATION
IRS990ScheduleG/EventsInformation/NetIncomeSummary01698
IRS990ScheduleG/EventsInformation/OtherDirectExpensesEvent1013302
IRS990ScheduleG/EventsInformation/OtherDirectExpensesTotalEvents013302
IRS990ScheduleI/Form990ScheduleIPartIII/AmountOfCashGrant010000
IRS990ScheduleI/Form990ScheduleIPartIII/AmountOfCashGrant116000
IRS990ScheduleI/Form990ScheduleIPartIII/AmountOfCashGrant22000
IRS990ScheduleI/Form990ScheduleIPartIII/AmountOfCashGrant33000
IRS990ScheduleI/Form990ScheduleIPartIII/AmountOfCashGrant42000
IRS990ScheduleI/Form990ScheduleIPartIII/AmountOfNonCashAssistance00
IRS990ScheduleI/Form990ScheduleIPartIII/AmountOfNonCashAssistance10
IRS990ScheduleI/Form990ScheduleIPartIII/AmountOfNonCashAssistance20
IRS990ScheduleI/Form990ScheduleIPartIII/DescriptionOfNonCashAssistance0N/A
IRS990ScheduleI/Form990ScheduleIPartIII/DescriptionOfNonCashAssistance1N/A
IRS990ScheduleI/Form990ScheduleIPartIII/DescriptionOfNonCashAssistance2N/A
IRS990ScheduleI/Form990ScheduleIPartIII/DescriptionOfNonCashAssistance3N/A
IRS990ScheduleI/Form990ScheduleIPartIII/DescriptionOfNonCashAssistance4N/A
IRS990ScheduleI/Form990ScheduleIPartIII/MethodOfValuation0N/A
IRS990ScheduleI/Form990ScheduleIPartIII/MethodOfValuation1N/A
IRS990ScheduleI/Form990ScheduleIPartIII/MethodOfValuation2N/A
IRS990ScheduleI/Form990ScheduleIPartIII/MethodOfValuation3N/A
IRS990ScheduleI/Form990ScheduleIPartIII/MethodOfValuation4N/A
IRS990ScheduleI/Form990ScheduleIPartIII/NumberOfRecipients02
IRS990ScheduleI/Form990ScheduleIPartIII/NumberOfRecipients18
IRS990ScheduleI/Form990ScheduleIPartIII/NumberOfRecipients21
IRS990ScheduleI/Form990ScheduleIPartIII/NumberOfRecipients33
IRS990ScheduleI/Form990ScheduleIPartIII/NumberOfRecipients41
IRS990ScheduleI/Form990ScheduleIPartIII/TypeOfGrant0THOMSON REUTERS NAMED SCHOLARSHIP
IRS990ScheduleI/Form990ScheduleIPartIII/TypeOfGrant1MHTF SCHOLARSHIPS
IRS990ScheduleI/Form990ScheduleIPartIII/TypeOfGrant2TEKNE EDUCATION SCHOLARSHIPS
IRS990ScheduleI/Form990ScheduleIPartIII/TypeOfGrant3RESEARCH INC. SCHOLARSHIPS
IRS990ScheduleI/Form990ScheduleIPartIII/TypeOfGrant4INNOVATION IN TEACHING AWARD
IRS990ScheduleI/Form990ScheduleIPartIV/Explanation0SCHEDULE I, PART I, LINE 2: THE FOUNDATION HAS A SCORING RUBRIC SYSTEM TO MONITOR THE AWARDING OF SCHOLARSHIPS. SCHOLARSHIP FUNDS ARE DISBURSED DIRECTLY TO THE RECIPIENT'S SCHOOL FOR QUALIFIED TUITION AND EDUCATION EXPENSES. NO FORMAL MONITORING OF THE USE OF GRANT FUNDS IS REQUIRED.
IRS990ScheduleI/Form990ScheduleIPartIV/Identifier0PROCEDURE FOR MONITORING GRANTS IN THE U.S.:
IRS990ScheduleI/Form990ScheduleIPartIV/ReturnReference0PART I, LINE 2:
IRS990ScheduleI/RecordsMaintained01
IRS990ScheduleJ/AnyNonFixedPayments00
IRS990ScheduleJ/BoardOrCommitteeApproval0X

Document Assets

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Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$2.50$1.90$0.60$2.47$3.85$1.38
2023Detailed filing. Detailed filing data is available for this year.$4.78$2.79$1.98$3.04$2.84$0.20
2022Detailed filing. Detailed filing data is available for this year.$5.03$3.25$1.78$2.20$4.97$2.76
2021Detailed filing. Detailed filing data is available for this year.$6.00$1.46$4.55$3.75$2.06$1.69
2019Detailed filing. Detailed filing data is available for this year.$5.71$2.42$3.28$3.76$3.60$0.16
2018Detailed filing. Detailed filing data is available for this year.$5.51$2.38$3.13$4.37$4.09$0.27
2017Detailed filing. Detailed filing data is available for this year.$5.47$2.62$2.86$3.91$4.34$0.44
2016Detailed filing. Detailed filing data is available for this year.$5.49$2.20$3.29$4.03$3.63$0.40
2015Detailed filing. Detailed filing data is available for this year.$2.91$0.02$2.89$2.60$4.23$1.64
2014Detailed filing. Detailed filing data is available for this year.$4.57$0.05$4.52$3.33$3.64$0.31
2013Detailed filing. Detailed filing data is available for this year.$4.94$0.11$4.83$2.93$4.78$1.85
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$7.08$0.40$6.69$5.12
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$8.22$0.36$7.86$4.34
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$9.51$0.37$9.14$2.55