Civic Intelligence

Minnesota High Technology Foundation Inc

990 • Fiscal year 2012 • EIN 36-3367684

Jan 01, 2012 to Dec 31, 2012 • Filed on Sep 17, 2013

Organization ProfileWWW.MHTA.ORG/MHTF.PHP
400 South Fourth Street No 41655415
Siviq Scores

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

Liabilities / Assets

50th percentile

0.06x

Higher debt load relative to assets than 50% of similar nonprofits.

2012 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2012

Liabilities / Revenue

Score unavailable

No value available

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

Source year 2012

Net Margin

Score unavailable

No value available

Net margin requires both revenue and expenses on this filing.

Source year 2012

Top Officer Pay

Score unavailable

No value available

This filing does not contain officer compensation rows.

Source year 2012

Asset Growth

13th percentile

-14%

Faster asset growth than 13% of similar nonprofits.

2012 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2011 to 2012

Revenue Growth

Score unavailable

No value available

No valid filing value is available for this score.

Balance Sheet
Liabilities / Assets50th percentile

Assets

Down

$708,154

Down $113,644 (-14%) from 2011

Net Assets

Down

$668,644

Down $117,581 (-15%) from 2011

Liabilities

Up

$39,510

Up $3,937 (+11%) from 2011

Revenue And Expenses
Liabilities / RevenueScore unavailableNet MarginScore unavailable

Revenue

-

No earlier filing loaded for comparison.

Expenses

Up

$511,642

Up $77,179 (+18%) from 2011

Net Income

-

No earlier filing loaded for comparison.

Historical Trend

Balance Sheet Trend

Asset Growth13th percentile

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

2012

Assets$708,154
Liabilities$39,510
Net Assets$668,644
Open 2012 Filing

Operations Trend

Revenue GrowthScore unavailable

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

2012

Revenue-
Expenses$511,642
Net Income-
Open 2012 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2012 to Dec 31, 2012
Signed
Sep 17, 2013
Return Version
2012v2.1
Gross Receipts
$414,250
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
Mentoring and other program activities: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.
Activity 3
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.
Filing and Contact Details

Filer

EIN
36-3367684
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IRS990ScheduleD/ExpensesSubtotal0328088
IRS990ScheduleD/FootnoteInPartXIII0X
IRS990ScheduleD/Form990ScheduleDPartXIII/Explanation0THE FOUNDATION IS EXEMPT FROM THE PAYMENT OF INCOME TAXES ON THEIR EXEMPT ACTIVITIES UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE, AND ARE CLASSIFIED AS ORGANIZATIONS THAT ARE NOT A PRIVATE FOUNDATION UNDER SECTION 509(A)(3) OF THE CODE. THE 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 2009 THROUGH 2011 TAX YEARS ARE OPEN FOR EXAMINATION BY THE INTERNAL REVENUE SERVICE.
IRS990ScheduleD/Form990ScheduleDPartXIII/Explanation1TWIST FISCAL AGENT INCOME 162,341. BENCH TOPS FISCAL AGENT INCOME 19,408. STEM FISCAL AGENT INCOME 1,805.
IRS990ScheduleD/Form990ScheduleDPartXIII/Explanation2TWIST FISCAL AGENT EXPENSES 162,341. BENCH TOPS FISCAL AGENT EXPENSES 19,408. STEM FISCAL AGENT EXPENSES 1,805.
IRS990ScheduleD/Form990ScheduleDPartXIII/Identifier0DESCRIPTION OF UNCERTAIN TAX POSITIONS UNDER FIN 48:
IRS990ScheduleD/Form990ScheduleDPartXIII/Identifier1PART XI, LINE 4B - OTHER ADJUSTMENTS:
IRS990ScheduleD/Form990ScheduleDPartXIII/Identifier2PART XII, LINE 4B - OTHER ADJUSTMENTS:
IRS990ScheduleD/Form990ScheduleDPartXIII/ReturnReference0PART X, LINE 2:
IRS990ScheduleD/OtherAssets/BookValue045859
IRS990ScheduleD/OtherAssets/Description0DUE FROM MINNESOTA HIGH TECH ASSOCIATION
IRS990ScheduleD/OtherExpensesNotIncluded0183554
IRS990ScheduleD/OtherLiabilities/Amount039510
IRS990ScheduleD/OtherLiabilities/Description0DUE TO FISCAL AGENCIES
IRS990ScheduleD/OtherRevenuesNotIncluded0183554
IRS990ScheduleD/RevenueNotRptdF99000
IRS990ScheduleD/RevenueNotRptdOnFinStmt0183554
IRS990ScheduleD/RevenueSubtotal0210507
IRS990ScheduleD/TotalBookValueOtherAssets045859
IRS990ScheduleD/TotalExpensesPerForm9900511642
IRS990ScheduleD/TotalOfAmounts039510
IRS990ScheduleD/TotalOfBookValueLandBuildings03041
IRS990ScheduleD/TotalRevenuePerForm9900394061
IRS990ScheduleD/TotExpensesEtcAuditedFinclStmt0328088
IRS990ScheduleD/TotRevenueEtcAuditedFinclStmt0210507
IRS990ScheduleG/EventsInformation/CharitableContributionsEvent1017301
IRS990ScheduleG/EventsInformation/CharitableContributionsTotal017301
IRS990ScheduleG/EventsInformation/DirectExpenseSummaryEvents06197
IRS990ScheduleG/EventsInformation/GrossReceiptsEvent1022301
IRS990ScheduleG/EventsInformation/GrossReceiptsTotal022301
IRS990ScheduleG/EventsInformation/GrossRevenueEvent105000
IRS990ScheduleG/EventsInformation/GrossRevenueTotalEvents05000
IRS990ScheduleG/EventsInformation/NameOfEvent10AFTER TEKNE CELEBRATION
IRS990ScheduleG/EventsInformation/NetIncomeSummary0-1197
IRS990ScheduleG/EventsInformation/OtherDirectExpensesEvent106197
IRS990ScheduleG/EventsInformation/OtherDirectExpensesTotalEvents06197
IRS990ScheduleI/Form990ScheduleIPartIII/AmountOfCashGrant050667
IRS990ScheduleI/Form990ScheduleIPartIII/AmountOfCashGrant15000
IRS990ScheduleI/Form990ScheduleIPartIII/AmountOfCashGrant23000
IRS990ScheduleI/Form990ScheduleIPartIII/AmountOfCashGrant345000
IRS990ScheduleI/Form990ScheduleIPartIII/AmountOfNonCashAssistance00
IRS990ScheduleI/Form990ScheduleIPartIII/AmountOfNonCashAssistance10
IRS990ScheduleI/Form990ScheduleIPartIII/AmountOfNonCashAssistance20
IRS990ScheduleI/Form990ScheduleIPartIII/AmountOfNonCashAssistance30
IRS990ScheduleI/Form990ScheduleIPartIII/DescriptionOfNonCashAssistance0N/A
IRS990ScheduleI/Form990ScheduleIPartIII/DescriptionOfNonCashAssistance1N/A
IRS990ScheduleI/Form990ScheduleIPartIII/DescriptionOfNonCashAssistance2N/A
IRS990ScheduleI/Form990ScheduleIPartIII/DescriptionOfNonCashAssistance3N/A
IRS990ScheduleI/Form990ScheduleIPartIII/MethodOfValuation0N/A
IRS990ScheduleI/Form990ScheduleIPartIII/MethodOfValuation1N/A
IRS990ScheduleI/Form990ScheduleIPartIII/MethodOfValuation2N/A
IRS990ScheduleI/Form990ScheduleIPartIII/MethodOfValuation3N/A
IRS990ScheduleI/Form990ScheduleIPartIII/NumberOfRecipients09
IRS990ScheduleI/Form990ScheduleIPartIII/NumberOfRecipients11
IRS990ScheduleI/Form990ScheduleIPartIII/NumberOfRecipients23
IRS990ScheduleI/Form990ScheduleIPartIII/NumberOfRecipients39
IRS990ScheduleI/Form990ScheduleIPartIII/TypeOfGrant0THOMSON REUTERS NAMED SCHOLARSHIP
IRS990ScheduleI/Form990ScheduleIPartIII/TypeOfGrant1TEKNE SCHOLARSHIPS
IRS990ScheduleI/Form990ScheduleIPartIII/TypeOfGrant2RESEARCH INC. SCHOLARSHIPS
IRS990ScheduleI/Form990ScheduleIPartIII/TypeOfGrant3ADC HIGH IMPACT SCHOLARSHIPS
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/RecipientTable/AddressUS/AddressLine10400 SOUTH FOURTH STREET SUITE 416
IRS990ScheduleI/RecipientTable/AddressUS/City0MINNEAPOLIS
IRS990ScheduleI/RecipientTable/AddressUS/State0MN
IRS990ScheduleI/RecipientTable/AddressUS/ZIPCode055415
IRS990ScheduleI/RecipientTable/AmountOfCashGrant030000

Document Assets

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Filings

Displayed year

2012 • Form 990Facts available. Structured filing facts are available, but richer extracted sections are limited.

Open filing
Assets
$708,154
Liabilities
$39,510
Net assets
$668,644
Revenue
-
Expenses
$511,642
Net income
-
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