Civic Intelligence

Dakota County Technical College Foundation

EIN 41-1488605 • 501(c)3 • Rosemount, MN

Profile

The dctc foundation serves and is responsive to the evolving needs of dakota county technical college's mission of education for employment and the lives of its students, faculty and administrators by: stewarding a portfolio of valued resources (continued on schedule o) (continued from page 2) of the college's use and; actively engaging with community leaders, donors and employers to promote the values of our institution.

1300 145th St EastRosemount, MN 55068

www.dctc.edu/ABOUT-US/FOUNDATION

Siviq Scores

Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.

Liabilities / Assets

57th percentile

0.18x

Higher debt load relative to assets than 57% of similar nonprofits.

501(c)3 • $5M-$10M nonprofits • Source year 2025

Liabilities / Revenue

92nd percentile

2.60x

Higher debt load relative to revenue than 92% of similar nonprofits.

501(c)3 • $5M-$10M nonprofits • Source year 2025

Net Margin

10th percentile

-29%

Higher net margin than 10% of similar nonprofits.

501(c)3 • $5M-$10M nonprofits • Source year 2025

Top Officer Pay

50th percentile

$129,173

Higher top officer pay than 50% of similar nonprofits.

Top officer pay equals 22.0% of source-year revenue.

501(c)3 • $5M-$10M nonprofits • Source year 2025

Asset Growth

67th percentile

10%

Faster asset growth than 67% of similar nonprofits.

501(c)3 • $5M-$10M nonprofits • Annualized from 2024 to 2025

Revenue Growth

10th percentile

-31%

Faster revenue growth than 10% of similar nonprofits.

501(c)3 • $5M-$10M nonprofits • Annualized from 2024 to 2025

Assets

Up

$8,389,737

Up $774,428 (+10%) from 2024

Liabilities

Up

$1,529,131

Up $359,189 (+31%) from 2024

Net Assets

Up

$6,860,606

Up $415,239 (+6.4%) from 2024

Revenue

Down

$588,108

Down $258,754 (-31%) from 2024

Expenses

Down

$756,644

Down $302,059 (-29%) from 2024

Net Income

Up

-$168,536

Up $43,305 (+20%) from 2024

Trend Graphs

Balance Sheet Trend

Grouped bars show assets, liabilities, and net assets across loaded filings.

$10M$5.0M$0Assets 2010: $2,415,556Liabilities 2010: $0Net Assets 2010: $2,415,5562010Assets 2011: $3,195,551Liabilities 2011: $28,500Net Assets 2011: $3,167,0512011Assets 2012: $3,105,756Liabilities 2012: $25,500Net Assets 2012: $3,080,2562012Assets 2013: $3,434,815Liabilities 2013: $22,500Net Assets 2013: $3,412,3152013Assets 2014: $4,047,389Liabilities 2014: $19,500Net Assets 2014: $4,027,8892014Assets 2015: $3,737,291Liabilities 2015: $20,027Net Assets 2015: $3,717,2642015Assets 2016: $3,616,844Liabilities 2016: $123,013Net Assets 2016: $3,493,8312016Assets 2017: $3,977,867Liabilities 2017: $92,291Net Assets 2017: $3,885,5762017Assets 2018: $4,452,427Liabilities 2018: $110,291Net Assets 2018: $4,342,1362018Assets 2019: $4,908,098Liabilities 2019: $226,117Net Assets 2019: $4,681,9812019Assets 2020: $5,186,373Liabilities 2020: $280,791Net Assets 2020: $4,905,5822020Assets 2021: $6,523,135Liabilities 2021: $444,511Net Assets 2021: $6,078,6242021Assets 2022: $6,103,150Liabilities 2022: $606,527Net Assets 2022: $5,496,6232022Assets 2023: $7,035,895Liabilities 2023: $802,538Net Assets 2023: $6,233,3572023Assets 2024: $7,615,309Liabilities 2024: $1,169,942Net Assets 2024: $6,445,3672024Assets 2025: $8,389,737Liabilities 2025: $1,529,131Net Assets 2025: $6,860,6062025

Highlighted filing

2025

Assets$8,389,737
Liabilities$1,529,131
Net Assets$6,860,606

Operations Trend

Revenue, expenses, and net income by year, with the latest filing highlighted.

$1.5M$1.0M$500K$0-$500KExpenses 2010: $435,5212010Expenses 2011: $317,6332011Expenses 2012: $338,4322012Revenue 2013: $779,236Expenses 2013: $565,585Net Income 2013: $213,6512013Revenue 2014: $844,734Expenses 2014: $585,946Net Income 2014: $258,7882014Revenue 2015: $871,553Expenses 2015: $1,198,183Net Income 2015: -$326,6302015Revenue 2016: $783,438Expenses 2016: $831,073Net Income 2016: -$47,6352016Revenue 2017: $997,449Expenses 2017: $1,001,808Net Income 2017: -$4,3592017Revenue 2018: $727,797Expenses 2018: $548,712Net Income 2018: $179,0852018Revenue 2019: $734,458Expenses 2019: $561,746Net Income 2019: $172,7122019Revenue 2020: $786,409Expenses 2020: $515,240Net Income 2020: $271,1692020Revenue 2021: $717,332Expenses 2021: $532,224Net Income 2021: $185,1082021Revenue 2022: $1,074,953Expenses 2022: $971,125Net Income 2022: $103,8282022Revenue 2023: $1,438,777Expenses 2023: $932,342Net Income 2023: $506,4352023Revenue 2024: $846,862Expenses 2024: $1,058,703Net Income 2024: -$211,8412024Revenue 2025: $588,108Expenses 2025: $756,644Net Income 2025: -$168,5362025

Highlighted filing

2025

Revenue$588,108
Expenses$756,644
Net Income-$168,536

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2025XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$8.39$1.53$6.86$0.59$0.76$0.17
2024XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$7.62$1.17$6.45$0.85$1.06$0.21
2023XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$7.04$0.80$6.23$1.44$0.93$0.51
2022XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$6.10$0.61$5.50$1.07$0.97$0.10
2021Facts available. Structured filing facts are available, but richer extracted sections are limited.$6.52$0.44$6.08$0.72$0.53$0.19
2020XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$5.19$0.28$4.91$0.79$0.52$0.27
2019XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$4.91$0.23$4.68$0.73$0.56$0.17
2018XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$4.45$0.11$4.34$0.73$0.55$0.18
2017XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$3.98$0.09$3.89$1.00$1.00$0.00
2016XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$3.62$0.12$3.49$0.78$0.83$0.05
2015XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$3.74$0.02$3.72$0.87$1.20$0.33
2014XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$4.05$0.02$4.03$0.84$0.59$0.26
2013XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$3.43$0.02$3.41$0.78$0.57$0.21
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$3.11$0.03$3.08$0.34
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$3.20$0.03$3.17$0.32
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$2.42$0.00$2.42$0.44
Latest Detailed Filing

The latest 2025 filing currently has linked XML that has not been fully parsed yet. Showing the latest detailed filing from 2021 below.

Jump To
Filing Snapshot
Filing Period
Jul 1, 2020 to Jun 30, 2021
Signed
Mar 1, 2022
Return Version
2020v4.2
Gross Receipts
$810,189
Mission and Program Overview

Mission

Support dakota county technical college's mission, education for employment, by providing resource support for students, the college and the programs.

Utilize board strengths and community connections to influence dctc (continued on schedule o) (continued from page 1) in maintaining relevancy & attracting & retaining students while supporting their resource & financial needs.

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments in Publicly Traded Securities$2,257,352$3,272,886▲ $1,015,534
Investments Other Securities$1,734,372$2,171,791▲ $437,419
Cash and Non-Interest-Bearing Accounts$346,196$597,807▲ $251,611
Savings and Temporary Cash Investments$557,662$37,360▼ $520,302
Pledges and Grants Receivable$10,000$29,500▲ $19,500
Total Assets$5,186,373$6,523,135▲ $1,336,762
Other Assets Total$280,791$413,791▲ $133,000
Liabilities
Other Liabilities$280,791$413,791▲ $133,000
Accounts Payable and Accrued Expenses$0$30,720▲ $30,720
Total Liabilities$280,791$444,511▲ $163,720
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$2,940,810$3,671,553▲ $730,743
Net Assets With Donor Restrictions$1,964,772$2,407,071▲ $442,299
Total Net Assets Fund Balance$4,905,582$6,078,624▲ $1,173,042
Total Liabilities and Net Assets / Fund Balance$5,186,373$6,523,135▲ $1,336,762

Asset Categories

AssetBook ValueDepreciationBasis
Other Assets Org$413,791--
Other Securities$2,171,791--

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2021$1,734,372-▲ $510,090-$2,171,791
2020$1,845,844$17,039▼ $56,029-$1,734,372
2019$1,825,355$23,200▲ $67,328-$1,845,844
2018$1,720,340$54,151▲ $118,506-$1,825,355
2017$1,559,285$10,117▲ $213,706-$1,720,339
Compensation and Service Providers

Employees

NameTitleFull / Part TimeOtherTotal
Kimberly Anne ShaffFoundation Executive DirectorPT$114,834$114,834

Board Members and Trustees

NameTitle
Lowell StolteChair
Joel TrinkleVice Chair
Amy Diede MdBoard Member
Bernard KolnbergerBoard Member
Dan SjolsethBoard Member
Emily Fox-williamsBoard Member
Jeannette AppoldBoard Member
Jim BjorklundBoard Member
RYAN O'GARABoard Member
Scott ManwarrenBoard Member
Stephen EngelBoard Member
Angela LiedkeBoard Memeber
Ann ByreSecretary
Scott KadrlikTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$559,612
Program Service Revenue
$0
Investment Income
$157,720
Other Revenue
$0
All Other Contributions
$559,612
Change in Net Assets
$185,108

Noncash Contribution Practices

Property subject to holding requirements
No
Reviewed unusual noncash gifts
Yes
Third parties used for noncash contributions
No

Noncash Contributions

Contribution TypeContribution CountReported AmountValuation Method
Other Non Cash Contri Table8$204,345Fair Market Value (FMV)
Other Non Cash Contri Table9$14,280Fair Market Value (FMV)
Total Noncash Contributions17$218,625-

Audited Revenue Reconciliation

Revenue per Audited Statements
$700,003
Revenue Not Reported on Financial Statements
$17,329
Revenue Not Reported on Form 990
$1,131,333
Total Revenue per Audited Statements
$1,831,336
Total Revenue per Form 990
$717,332
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$482,179
Other Expenses$50,045
Total Fundraising Expense$3,022
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Individuals$270,033--$270,033
Grants to Domestic Orgs$212,146--$212,146
Fees for Service Investment Mgmnt Fees-$17,329-$17,329
Other Expenses-$14,655-$14,655
Fees for Services Accounting-$13,650-$13,650
Conferences and Meetings$1,327$62$3,022$4,411
Total Functional Expenses$483,506$45,696$3,022$532,224

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$658,294
Total Expenses per Form 990$532,224
Expenses per Audited Statements$514,895
Expenses Not Reported on Form 990$143,399
Expenses Not Reported on Financial Statements$17,329
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
Dakota County Technical CollegeRosemount, MNState of MnProgram Equipment$4,990
Dakota County Technical CollegeRosemount, MNState of MnProgram Equipment$2,811
Dakota County Technical CollegeRosemount, MNState of MnStudent Life/athletics-
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Fiscal Agent Payable$413,791
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
Business relationship with 35% controlled entity
No
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
No
Other officer compensation reviewed
No
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section B, Line 11B

The form 990 is reviewed by management on behalf of the board before filing.

Form 990, Part VI, Section B, Line 12

Board members sign the policy when they become a member of the board. It is reviewed annually and re-signed at the beginning of a new term. The conflict of interest policy is designed to help directors, officers and employees of the dctc foundation identify situations that present potential conflicts of interest and to provide dctc foundation with a procedure which, if observed, will allow a transaction to be treated as valid and binding even though a director, officer or employee has or may have a conflict of interest with respect to the transaction. The policy is intended to comply with the procedure prescribed in minnesota statutes, section 317a.255 governing conflicts of interest for directors of non-profit corporations.

Form 990, Part VI, Section B, Line 12C

The dctc foundation provides its governing documents, conflict of interest policy and financial statements to the public as requested. The dctc foundation also provides its financial statements to the minnesota state colleges and universities system (minnesota state), which is compiled into an annual report.

Form 990, Part VI, Section C, Line 19

The dctc foundation provides its governing documents, conflict of interest policy and financial statements to the public as requested. The dctc foundation also provides its financial statements to the minnesota state colleges and universities system (minnesota state), which is compiled into an annual report.

Form 990, Part VII

Foundation compensation no compensation is paid by the foundation. Management is shared by two college foundations. Compensation is paid by the state of minnesota by the college related to each foundation.

Filing and Contact Details

Filer

Filer Name
Dakota County Technical College
EIN
41-1488605
Phone
6514238236
Address
1300 145TH ST EAST, ROSEMOUNT, MN 55068

Signing Officer

Name
Kimberly Shaff
Title
Foundation Executive Director
Phone
6514238236
Signed
2022-03-01
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Kimberly Shaff
Formed
1983
Legal Domicile
Mn
Voting Board Members
14
Independent Board Members
14
Employees
0
Volunteers
14

Preparer

Firm
Sdk CPA
Address
100 WASHINGTON AVE S STE 1600, MINNEAPOLIS, MN 55401
Preparer
Teresa Mcalpine CPA
Phone
6123325500
Supplemental Narrative

Financial Statement Notes

PART X, LINE 2:

Fin 48 (asc 740) footnote the foundation is exempt from income taxes as a public charity under section 501(c)(3) of the internal revenue code and applicable state statutes. Accounting principles generally accepted in the united states of america require management to evaluate tax positions taken by the foundation and recognize a tax liability if the foundation has taken an uncertain position that more likely than not would not be sustained upon examination by taxing authorities. Management evaluated the foundation's tax positions and concluded that the foundation had taken no uncertain tax positions that require adjustment to the financial statements to comply with the provisions of this guidance.

Part V, Line 4

Endowment funds - intended uses of funds the foundation's endowment funds consist of nineteen individual funds established by both donors and the board, which were established so the earnings could provide support for various types of scholarships and other financial assistance to students of dctc.

Raw XML AppendixShowing 400 of 566 raw XML fields

This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

Path#Value
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IRS990/ActivityOrMissionDesc0UTILIZE BOARD STRENGTHS AND COMMUNITY CONNECTIONS TO INFLUENCE DCTC (CONTINUED ON SCHEDULE O) (CONTINUED FROM PAGE 1) IN MAINTAINING RELEVANCY & ATTRACTING & RETAINING STUDENTS WHILE SUPPORTING THEIR RESOURCE & FINANCIAL NEEDS.
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IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt1488512
IRS990/Form990PartVIISectionAGrp/TitleTxt0SECRETARY
IRS990/Form990PartVIISectionAGrp/TitleTxt1BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt2BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt3BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt4BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt5BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt6BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt7BOARD MEMEBER
IRS990/Form990PartVIISectionAGrp/TitleTxt8TREASURER
IRS990/Form990PartVIISectionAGrp/TitleTxt9CHAIR
IRS990/Form990PartVIISectionAGrp/TitleTxt10VICE CHAIR
IRS990/Form990PartVIISectionAGrp/TitleTxt11BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt12BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt13BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt14FOUNDATION EXECUTIVE DIRECTOR
IRS990/Form990ProvidedToGvrnBodyInd00
IRS990/FormationYr01983
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IRS990/FSAuditedInd01
IRS990/FundraisingActivitiesInd00
IRS990/GainOrLossGrp/SecuritiesAmt041569
IRS990/GamingActivitiesInd00
IRS990/GoverningBodyVotingMembersCnt014
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IRS990/GrantsToDomesticIndividualsGrp/ProgramServicesAmt0270033
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IRS990/GrantsToDomesticOrgsGrp/TotalAmt0212146
IRS990/GrantsToIndividualsInd01
IRS990/GrantsToOrganizationsInd01
IRS990/GrantToRelatedPersonInd00
IRS990/GrossAmountSalesAssetsGrp/SecuritiesAmt0134426
IRS990/GrossReceiptsAmt0810189
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IRS990/IncludeFIN48FootnoteInd01
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IRS990/InfoInScheduleOPartIIIInd0X
IRS990/InfoInScheduleOPartVIIInd0X
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IRS990/LobbyingActivitiesInd00
IRS990/LocalChaptersInd00
IRS990/MaterialDiversionOrMisuseInd00
IRS990/MembersOrStockholdersInd00
IRS990/MethodOfAccountingAccrualInd0X
IRS990/MinutesOfCommitteesInd01
IRS990/MinutesOfGoverningBodyInd01
IRS990/MissionDesc0THE DCTC FOUNDATION SERVES AND IS RESPONSIVE TO THE EVOLVING NEEDS OF DAKOTA COUNTY TECHNICAL COLLEGE'S MISSION OF EDUCATION FOR EMPLOYMENT AND THE LIVES OF ITS STUDENTS, FACULTY AND ADMINISTRATORS BY: STEWARDING A PORTFOLIO OF VALUED RESOURCES (CONTINUED ON SCHEDULE O) (CONTINUED FROM PAGE 2) OF THE COLLEGE'S USE AND; ACTIVELY ENGAGING WITH COMMUNITY LEADERS, DONORS AND EMPLOYERS TO PROMOTE THE VALUES OF OUR INSTITUTION.
IRS990/MoreThan5000KToIndividualsInd00
IRS990/MoreThan5000KToOrgInd00
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IRS990/NetAssetsOrFundBalancesEOYAmt06078624
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IRS990/NetGainOrLossInvestmentsGrp/TotalRevenueColumnAmt041569
IRS990/NetUnrelatedBusTxblIncmAmt00
IRS990/NetUnrlzdGainsLossesInvstAmt0987934
IRS990/NoDonorRestrictionNetAssetsGrp/BOYAmt02940810
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IRS990/NondeductibleContributionsInd00
IRS990/OfficerMailingAddressInd00
IRS990/OperateHospitalInd00
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsFASB117Ind0X
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IRS990/OtherChangesInNetAssetsAmt00
IRS990/OtherExpensesGrp/Desc0MISCELLANEOUS EXPENSES
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IRS990/OtherLiabilitiesGrp/BOYAmt0280791
IRS990/OtherLiabilitiesGrp/EOYAmt0413791
IRS990/PartialLiquidationInd00
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IRS990/PoliticalCampaignActyInd00
IRS990/PrincipalOfficerNm0KIMBERLY SHAFF
IRS990/ProfessionalFundraisingInd00
IRS990/ProgSrvcAccomActy2Grp/Desc0PROVIDE ASSISTANCE TO DCTC THROUGH PROGRAM EQUIPMENT AND OTHER DCTC PROGRAM SUPPORT.
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IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt03297525
IRS990ScheduleA/TotalSupportAmt03861596
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IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine20RESTRICTED
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IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/State0RESTRICTED
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IRS990/ScheduleBRequiredInd01
IRS990ScheduleD/BoardDesignatedBalanceEOYPct00.17200
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IRS990ScheduleD/CYEndwmtFundGrp/EndYearBalanceAmt02171791
IRS990ScheduleD/CYEndwmtFundGrp/GrantsOrScholarshipsAmt072671
IRS990ScheduleD/CYEndwmtFundGrp/InvestmentEarningsOrLossesAmt0510090
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/BeginningYearBalanceAmt01845844
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/ContributionsAmt017039
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/EndYearBalanceAmt01734372
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/GrantsOrScholarshipsAmt072482
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IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/ContributionsAmt010117
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IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/InvestmentEarningsOrLossesAmt0213706
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IRS990ScheduleD/DonatedServicesUseFcltsAmt0143399
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IRS990ScheduleD/OtherAssetsOrgGrp/Desc0CASH - RESTRICTED, FISCAL AGENT
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt0413791
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0FISCAL AGENT PAYABLE
IRS990ScheduleD/OtherSecuritiesGrp/BookValueAmt02171791
IRS990ScheduleD/OtherSecuritiesGrp/Desc0BENEFICIAL INTEREST IN ASSETS HELD BY OTHERS
IRS990ScheduleD/OtherSecuritiesGrp/MethodValuationCd0F
IRS990ScheduleD/PrmnntEndowmentBalanceEOYPct00.82800
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IRS990ScheduleD/RevenueSubtotalAmt0700003
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0FIN 48 (ASC 740) FOOTNOTE THE FOUNDATION IS EXEMPT FROM INCOME TAXES AS A PUBLIC CHARITY UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE AND APPLICABLE STATE STATUTES. ACCOUNTING PRINCIPLES GENERALLY ACCEPTED IN THE UNITED STATES OF AMERICA REQUIRE MANAGEMENT TO EVALUATE TAX POSITIONS TAKEN BY THE FOUNDATION AND RECOGNIZE A TAX LIABILITY IF THE FOUNDATION HAS TAKEN AN UNCERTAIN POSITION THAT MORE LIKELY THAN NOT WOULD NOT BE SUSTAINED UPON EXAMINATION BY TAXING AUTHORITIES. MANAGEMENT EVALUATED THE FOUNDATION'S TAX POSITIONS AND CONCLUDED THAT THE FOUNDATION HAD TAKEN NO UNCERTAIN TAX POSITIONS THAT REQUIRE ADJUSTMENT TO THE FINANCIAL STATEMENTS TO COMPLY WITH THE PROVISIONS OF THIS GUIDANCE.
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt1ENDOWMENT FUNDS - INTENDED USES OF FUNDS THE FOUNDATION'S ENDOWMENT FUNDS CONSIST OF NINETEEN INDIVIDUAL FUNDS ESTABLISHED BY BOTH DONORS AND THE BOARD, WHICH WERE ESTABLISHED SO THE EARNINGS COULD PROVIDE SUPPORT FOR VARIOUS TYPES OF SCHOLARSHIPS AND OTHER FINANCIAL ASSISTANCE TO STUDENTS OF DCTC.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0PART X, LINE 2:
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc1PART V, LINE 4
IRS990ScheduleD/TermEndowmentBalanceEOYPct00.00000
IRS990ScheduleD/TotalBookValueLandBuildingsAmt00
IRS990ScheduleD/TotalBookValueOtherAssetsAmt0413791
IRS990ScheduleD/TotalBookValueSecuritiesAmt02171791
IRS990ScheduleD/TotalExpensesPerForm990Amt0532224
IRS990ScheduleD/TotalLiabilityAmt0413791
IRS990ScheduleD/TotalRevenuePerForm990Amt0717332
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt01831336
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt0658294
IRS990ScheduleI/GrantRecordsMaintainedInd01
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/CashGrantAmt0226353
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/GrantTypeTxt0SCHOLARSHIPS
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/RecipientCnt0323
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/ValuationMethodUsedDesc0FMV
IRS990ScheduleI/RecipientTable/CashGrantAmt04990
IRS990ScheduleI/RecipientTable/CashGrantAmt12811
IRS990ScheduleI/RecipientTable/IRCSectionDesc0STATE OF MN
IRS990ScheduleI/RecipientTable/IRCSectionDesc1STATE OF MN
IRS990ScheduleI/RecipientTable/IRCSectionDesc2STATE OF MN
IRS990ScheduleI/RecipientTable/NonCashAssistanceAmt0204345
IRS990ScheduleI/RecipientTable/NonCashAssistanceDesc0EQUIPMENT
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt0PROGRAM EQUIPMENT
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt1PROGRAM EQUIPMENT
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt2STUDENT LIFE/ATHLETICS
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt0DAKOTA COUNTY TECHNICAL COLLEGE
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt1DAKOTA COUNTY TECHNICAL COLLEGE

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