Civic Intelligence

The Hennepin Technical College Foundation

990 • Fiscal year 2024 • EIN 41-1943149

Jul 01, 2023 to Jun 30, 2024 • Filed on Nov 07, 2024

Organization ProfileHENNEPINTECH.EDU/ADVANCEMENT/FOUNDATION
9000 Brooklyn BlvdBrooklyn Park, MN 55445-2320

(763) 488-2426

Siviq Scores

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

Liabilities / Assets

18th percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

2024 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2024

Liabilities / Revenue

18th percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

2024 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2024

Net Margin

42nd percentile

1.3%

Higher net margin than 42% of similar nonprofits.

2024 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2024

Top Officer Pay

40th percentile

$0

Higher top officer pay than 40% of similar nonprofits.

Top officer pay equals 0.0% of source-year revenue.

2024 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2024

Asset Growth

38th percentile

0.3%

Faster asset growth than 38% of similar nonprofits.

2024 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2023 to 2024

Revenue Growth

20th percentile

-12%

Faster revenue growth than 20% of similar nonprofits.

2024 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2023 to 2024

Balance Sheet
Liabilities / Assets18th percentile

Assets

Flat

$2,882,721

Flat from 2024

Net Assets

Flat

$2,882,721

Flat from 2024

Liabilities

Flat

$0

Flat from 2024

Revenue And Expenses
Liabilities / Revenue18th percentileNet Margin42nd percentile

Revenue

Flat

$1,709,517

Flat from 2024

Expenses

Flat

$1,687,084

Flat from 2024

Net Income

Flat

$22,433

Flat from 2024

Historical Trend

Balance Sheet Trend

Asset Growth38th percentile

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

$4.0M$3.0M$2.0M$1.0M$0Assets 2011: $1,030,669Liabilities 2011: $0Net Assets 2011: $1,030,6692011Assets 2012: $1,158,484Liabilities 2012: $0Net Assets 2012: $1,158,4842012Assets 2013: $1,305,833Liabilities 2013: $0Net Assets 2013: $1,305,8332013Assets 2014: $1,502,933Liabilities 2014: $6,000Net Assets 2014: $1,496,9332014Assets 2015: $1,566,173Liabilities 2015: $0Net Assets 2015: $1,566,1732015Assets 2016: $1,634,806Liabilities 2016: $0Net Assets 2016: $1,634,8062016Assets 2017: $1,707,218Liabilities 2017: $0Net Assets 2017: $1,707,2182017Assets 2018: $1,910,859Liabilities 2018: $0Net Assets 2018: $1,910,8592018Assets 2019: $2,353,634Liabilities 2019: $0Net Assets 2019: $2,353,6342019Assets 2020: $2,561,165Liabilities 2020: $94,958Net Assets 2020: $2,466,2072020Assets 2021: $3,022,858Liabilities 2021: $0Net Assets 2021: $3,022,8582021Assets 2022: $2,482,365Liabilities 2022: $8,107Net Assets 2022: $2,474,2582022Assets 2023: $2,872,932Liabilities 2023: $167,541Net Assets 2023: $2,705,3912023Assets 2024: $2,882,721Liabilities 2024: $0Net Assets 2024: $2,882,7212024Assets 2024: $2,882,721Liabilities 2024: $0Net Assets 2024: $2,882,7212024Assets 2025: $2,955,801Liabilities 2025: $23,401Net Assets 2025: $2,932,4002025

Highlighted filing

2024

Assets$2,882,721
Liabilities$0
Net Assets$2,882,721
Open 2024 Filing

Operations Trend

Revenue Growth20th percentile

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

$3.0M$2.0M$1.0M$0-$1.0MExpenses 2011: $326,0712011Expenses 2012: $327,3382012Expenses 2013: $717,2222013Revenue 2014: $1,430,933Expenses 2014: $1,239,833Net Income 2014: $191,1002014Revenue 2015: $2,005,945Expenses 2015: $1,936,705Net Income 2015: $69,2402015Revenue 2016: $1,607,889Expenses 2016: $1,503,192Net Income 2016: $104,6972016Revenue 2017: $877,409Expenses 2017: $941,602Net Income 2017: -$64,1932017Revenue 2018: $1,037,229Expenses 2018: $903,029Net Income 2018: $134,2002018Revenue 2019: $1,397,759Expenses 2019: $989,069Net Income 2019: $408,6902019Revenue 2020: $1,421,964Expenses 2020: $1,265,537Net Income 2020: $156,4272020Revenue 2021: $952,026Expenses 2021: $706,186Net Income 2021: $245,8402021Revenue 2022: $1,171,808Expenses 2022: $1,446,340Net Income 2022: -$274,5322022Revenue 2023: $1,938,154Expenses 2023: $1,807,355Net Income 2023: $130,7992023Revenue 2024: $1,709,517Expenses 2024: $1,687,084Net Income 2024: $22,4332024Revenue 2024: $1,709,517Expenses 2024: $1,687,084Net Income 2024: $22,4332024Revenue 2025: $1,977,153Expenses 2025: $2,107,011Net Income 2025: -$129,8582025

Highlighted filing

2024

Revenue$1,709,517
Expenses$1,687,084
Net Income$22,433
Open 2024 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2023 to Jun 30, 2024
Signed
Nov 7, 2024
Return Version
2023v5.1
Gross Receipts
$1,709,517
Mission and Program Overview

Mission

Advancement of education at hennepin technical college

To provide resources that support career and technical education for employment and advancement in an ever-changing global environment.

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments in Publicly Traded Securities$1,766,019$1,706,874▼ $59,145
Investments Other Securities$777,034$684,099▼ $92,935
Savings and Temporary Cash Investments$241,930$422,247▲ $180,317
Pledges and Grants Receivable$25,000$25,000→ $0
Prepaid Expenses and Deferred Charges$3,474$12,403▲ $8,929
Cash and Non-Interest-Bearing Accounts$9,475$7,098▼ $2,377
Total Assets$2,872,932$2,882,721▲ $9,789
Other Assets Total$50,000$25,000▼ $25,000
Liabilities
Other Liabilities$167,541$0▼ $167,541
Total Liabilities$167,541$0▼ $167,541
Net Assets / Fund Balance
Net Assets With Donor Restrictions$2,650,129$2,666,623▲ $16,494
Net Assets Without Donor Restrictions$55,262$216,098▲ $160,836
Total Net Assets Fund Balance$2,705,391$2,882,721▲ $177,330
Total Liabilities and Net Assets / Fund Balance$2,872,932$2,882,721▲ $9,789

Asset Categories

AssetBook ValueDepreciationBasis
Other Securities$452,675--

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2023$1,385,049$36,350▲ $209,637-$1,552,536
2022$1,374,724$16,250▲ $98,326-$1,385,049
2021$1,590,665$11,000▼ $202,289-$1,374,724
2020$1,328,463$43,350▲ $245,899-$1,590,665
2019$1,383,601-▼ $31,638-$1,328,463
Compensation and Service Providers
Top Officer Pay40th percentile

Board Members and Trustees

NameTitle
Myron MoserBoard Chair
Patricia AndersenVice Chair
Annette LundDirector
Bailey RuonaDirector
Brad ThorpeDirector
Ernie ParkerDirector
Judy FesenmaierDirector
Mitchell DejongDirector
Satasha Green-stephenDirector
Stephanie BurrageDirector
Tim FarleyDirector
Larry HrubyTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$1,621,441
Program Service Revenue
$0
Investment Income
$88,076
Other Revenue
$0
All Other Contributions
$1,621,441
Change in Net Assets
$22,433

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 Table33$697,252Fair Market Value (FMV)
Other Non Cash Contri Table32$106,302Fair Market Value (FMV)
Cars and Other Vehicles1$64,100Fair Market Value (FMV)
Other Non Cash Contri Table1$5,755-
Total Noncash Contributions67$873,409-

Audited Revenue Reconciliation

Revenue per Audited Statements
$1,709,517
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$349,510
Total Revenue per Audited Statements
$2,059,027
Total Revenue per Form 990
$1,709,517
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$1,635,942
Other Expenses$51,142
Total Fundraising Expense$4,973
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Orgs$1,271,204--$1,271,204
Grants to Domestic Individuals$364,738--$364,738
Fees for Services Accounting-$30,943-$30,943
Insurance-$1,280-$1,280
Other Expenses-$417$4,973$417
Total Functional Expenses$1,635,942$46,169$4,973$1,687,084

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$1,881,697
Expenses per Audited Statements$1,687,084
Total Expenses per Form 990$1,687,084
Expenses Not Reported on Form 990$194,613
Expenses Not Reported on Financial Statements$0
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
Hennepin Technical CollegeBrooklyn Park, MNGovt EntityAssist With Education$397,795
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
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 990 is reviewed at a regularly scheduled full board meeting, as well as during the audit, finance and investment committee meeting occurring soonest to the release of the form 990. Board members are provided with pertinent information about the 990 in the board packet.”

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

“The [board or duly constituted committee thereof] shall determine whether a conflict exists and in the case of an existing conflict, whether the contemplated transaction may be authorized as just, fair, and in the best interests of the hennepin technical college foundation. The decision of the [board or duly constituted committee thereof] on these matters will rest in their sole discretion, and their concern must be the welfare of the hennepin technical college foundation and the advancement of its purpose. The person who has a conflict of interest with respect to a contract or transaction that will be voted on at a meeting shall not be counted in determining the presence of a quorum for purposes of the vote. The person having a conflict of interest may not vote on the contract or transaction and shall not be present in the meeting room when the vote is taken, unless the vote is by secret ballot. Such person's ineligibility to vote shall be reflected in the minutes of the meeting. For purposes of this paragraph, a member of the board of directors of hennepin technical college foundation has a conflict of interest when he or she stands for election as an officer or for re-election as a member of the board of directors.”

Form 990, Part VI, Section C, Line 19

“The foundation makes its governing documents, conflict of interest policy, and financial statements available to the public upon request.”

Filing and Contact Details

Filer

Filer Name
Hennepin Technical College Foundation
EIN
41-1943149
Phone
7634882426
Address
9000 BROOKLYN BLVD, BROOKLYN PARK, MN 55445-2320

Signing Officer

Name
Alison Leintz
Title
Officer
Phone
7634882426
Signed
2024-11-07
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Myron Moser
Formed
1998
Legal Domicile
Mn
Voting Board Members
12
Independent Board Members
12
Employees
0
Volunteers
0

Preparer

Firm
Bgm CPA LLC
Address
7900 INTERNATIONAL DR STE 800, BLOOMINGTON, MN 55425-1581
Preparer
Jerome Reutzel
Phone
9528442500
Supplemental Narrative

Additional Explanations

FORM 990, PART XII, LINE 2C:

“There has been no changes to the process.”

Financial Statement Notes

PART X, LINE 2:

“The foundation qualifies as a tax-exempt organization under section 501(c)(3) of the internal revenue code and the comparable section of the minnesota income tax statutes. It has been classified as an organization that is not a private foundation under the internal revenue code and contributions by donors are tax deductible. During the year ended june 30, 2023, the foundation had no unrelated business income. The financial accounting standards board issued guidance on accounting for uncertainty in income taxes. Management evaluated the community'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 provision of this guidance. The foundation is no longer subject to income tax examinations by the u.s. Federal, state, or local tax authorities for years before 2020. Interest and penalties are classified as expense as incurred.”

PART V, LINE 4:

“The foundation's endowments funds are intended to support the foundation's mission of providing resources that support career and technical education to help current and future students learn, thrive and succeed.”

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IRS990/NetAssetsOrFundBalancesBOYAmt02705391
IRS990/NetAssetsOrFundBalancesEOYAmt02882721
IRS990/NetUnrelatedBusTxblIncmAmt00
IRS990/NetUnrlzdGainsLossesInvstAmt0154897
IRS990/NoDonorRestrictionNetAssetsGrp/BOYAmt055262
IRS990/NoDonorRestrictionNetAssetsGrp/EOYAmt0216098
IRS990/NoListedPersonsCompensatedInd0X
IRS990/NoncashContributionsAmt0873409
IRS990/NondeductibleContributionsInd00
IRS990/OfficerMailingAddressInd00
IRS990/OperateHospitalInd00
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsFASB117Ind0X
IRS990/OtherAssetsTotalGrp/BOYAmt050000
IRS990/OtherAssetsTotalGrp/EOYAmt025000
IRS990/OtherChangesInNetAssetsAmt00
IRS990/OtherExpensesGrp/Desc0COMPUTER AND SOFTWARE M
IRS990/OtherExpensesGrp/Desc1EVENT EXPENSES
IRS990/OtherExpensesGrp/Desc2BANK FEES
IRS990/OtherExpensesGrp/Desc3MISCELLANEOUS EXPENSE
IRS990/OtherExpensesGrp/FundraisingAmt04973
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt012549
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt1980
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt2417
IRS990/OtherExpensesGrp/TotalAmt012549
IRS990/OtherExpensesGrp/TotalAmt14973
IRS990/OtherExpensesGrp/TotalAmt2980
IRS990/OtherExpensesGrp/TotalAmt3417
IRS990/OtherLiabilitiesGrp/BOYAmt0167541
IRS990/OtherLiabilitiesGrp/EOYAmt00
IRS990/PartialLiquidationInd00
IRS990/PledgesAndGrantsReceivableGrp/BOYAmt025000
IRS990/PledgesAndGrantsReceivableGrp/EOYAmt025000
IRS990/PoliticalCampaignActyInd00
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt03474
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt012403
IRS990/PrincipalOfficerNm0MYRON MOSER
IRS990/ProfessionalFundraisingInd00
IRS990/ProgSrvcAccomActy2Grp/Desc0SCHOLARSHIPS AND GRANTS: PROVIDE SCHOLARSHIPS AND GRANTS TO STUDENTS
IRS990/ProgSrvcAccomActy2Grp/ExpenseAmt0364738
IRS990/ProgSrvcAccomActy2Grp/GrantAmt0364738
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt01884995
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt01432269
IRS990/PYInvestmentIncomeAmt053159
IRS990/PYOtherExpensesAmt0375086
IRS990/PYOtherRevenueAmt00
IRS990/PYProgramServiceRevenueAmt00
IRS990/PYRevenuesLessExpensesAmt0130799
IRS990/PYSalariesCompEmpBnftPaidAmt00
IRS990/PYTotalExpensesAmt01807355
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt01938154
IRS990/QuidProQuoContributionsInd00
IRS990/ReconcilationRevenueExpnssAmt022433
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd01
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/ReportInvestmentsOtherSecInd01
IRS990/ReportLandBuildingEquipmentInd00
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd00
IRS990/ReportProgramRelatedInvstInd00
IRS990/SavingsAndTempCashInvstGrp/BOYAmt0241930
IRS990/SavingsAndTempCashInvstGrp/EOYAmt0422247
IRS990ScheduleA/CollegeOrganizationInd0X
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearAmt01621441
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus1YearAmt01884995
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus2YearsAmt01165634
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus3YearsAmt0927546
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus4YearsAmt01368450
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt06968066
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearAmt088076
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus1YearAmt053159
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus2YearsAmt06174
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus3YearsAmt024480
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus4YearsAmt040875
IRS990ScheduleA/GrossInvestmentIncome170Grp/TotalAmt0212764
IRS990ScheduleA/PublicSupportCY170Pct00.83210
IRS990ScheduleA/PublicSupportPY170Pct00.74690
IRS990ScheduleA/PublicSupportTotal170Amt05974829
IRS990ScheduleA/SubstantialContributorsTotAmt0993237
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY170Ind0X
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearAmt01621441
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus1YearAmt01884995
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus2YearsAmt01165634
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus3YearsAmt0927546
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus4YearsAmt01368450
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt06968066
IRS990ScheduleA/TotalSupportAmt07180830
IRS990ScheduleB/ContributorInformationGrp/ContributorBusinessName/BusinessNameLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorNum0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine20RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/City0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/State0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/ZIPCode0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/TotalContributionsAmt0RESTRICTED
IRS990/ScheduleBRequiredInd01
IRS990ScheduleD/BoardDesignatedBalanceEOYPct00.15919
IRS990ScheduleD/CYEndwmtFundGrp/BeginningYearBalanceAmt01385049
IRS990ScheduleD/CYEndwmtFundGrp/ContributionsAmt036350
IRS990ScheduleD/CYEndwmtFundGrp/EndYearBalanceAmt01552536
IRS990ScheduleD/CYEndwmtFundGrp/GrantsOrScholarshipsAmt078500
IRS990ScheduleD/CYEndwmtFundGrp/InvestmentEarningsOrLossesAmt0209637
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/BeginningYearBalanceAmt01374724
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/ContributionsAmt016250
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/EndYearBalanceAmt01385049
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/GrantsOrScholarshipsAmt0104251
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/InvestmentEarningsOrLossesAmt098326
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/BeginningYearBalanceAmt01590665
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/ContributionsAmt011000
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/EndYearBalanceAmt01374724
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/GrantsOrScholarshipsAmt024652
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/InvestmentEarningsOrLossesAmt0-202289
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/AdministrativeExpensesAmt027047
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/BeginningYearBalanceAmt01328463
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/ContributionsAmt043350
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/EndYearBalanceAmt01590665
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/InvestmentEarningsOrLossesAmt0245899
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/AdministrativeExpensesAmt023500
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/BeginningYearBalanceAmt01383601
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/EndYearBalanceAmt01328463
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/InvestmentEarningsOrLossesAmt0-31638
IRS990ScheduleD/DonatedServicesAndUseFcltsAmt0194613
IRS990ScheduleD/DonatedServicesUseFcltsAmt0194613
IRS990ScheduleD/EndowmentsHeldRelatedOrgInd00
IRS990ScheduleD/EndowmentsHeldUnrelatedOrgInd01
IRS990ScheduleD/ExpensesNotReportedAmt0194613
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt00
IRS990ScheduleD/ExpensesSubtotalAmt01687084
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/NetUnrealizedGainsInvstAmt0154897
IRS990ScheduleD/OtherSecuritiesGrp/BookValueAmt0231424
IRS990ScheduleD/OtherSecuritiesGrp/BookValueAmt1452675
IRS990ScheduleD/OtherSecuritiesGrp/Desc0GOVERNMENT BONDS
IRS990ScheduleD/OtherSecuritiesGrp/Desc1TREASURY OBILIGATIONS
IRS990ScheduleD/OtherSecuritiesGrp/MethodValuationCd0C
IRS990ScheduleD/OtherSecuritiesGrp/MethodValuationCd1C
IRS990ScheduleD/PrmnntEndowmentBalanceEOYPct00.39468
IRS990ScheduleD/RevenueNotReportedAmt0349510
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt00
IRS990ScheduleD/RevenueSubtotalAmt01709517
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0THE FOUNDATION QUALIFIES AS A TAX-EXEMPT ORGANIZATION UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE AND THE COMPARABLE SECTION OF THE MINNESOTA INCOME TAX STATUTES. IT HAS BEEN CLASSIFIED AS AN ORGANIZATION THAT IS NOT A PRIVATE FOUNDATION UNDER THE INTERNAL REVENUE CODE AND CONTRIBUTIONS BY DONORS ARE TAX DEDUCTIBLE. DURING THE YEAR ENDED JUNE 30, 2023, THE FOUNDATION HAD NO UNRELATED BUSINESS INCOME. THE FINANCIAL ACCOUNTING STANDARDS BOARD ISSUED GUIDANCE ON ACCOUNTING FOR UNCERTAINTY IN INCOME TAXES. MANAGEMENT EVALUATED THE COMMUNITY'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 PROVISION OF THIS GUIDANCE. THE FOUNDATION IS NO LONGER SUBJECT TO INCOME TAX EXAMINATIONS BY THE U.S. FEDERAL, STATE, OR LOCAL TAX AUTHORITIES FOR YEARS BEFORE 2020. INTEREST AND PENALTIES ARE CLASSIFIED AS EXPENSE AS INCURRED.
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt1THE FOUNDATION'S ENDOWMENTS FUNDS ARE INTENDED TO SUPPORT THE FOUNDATION'S MISSION OF PROVIDING RESOURCES THAT SUPPORT CAREER AND TECHNICAL EDUCATION TO HELP CURRENT AND FUTURE STUDENTS LEARN, THRIVE AND SUCCEED.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0PART X, LINE 2:
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc1PART V, LINE 4:
IRS990ScheduleD/TermEndowmentBalanceEOYPct00.44613
IRS990ScheduleD/TotalBookValueLandBuildingsAmt00
IRS990ScheduleD/TotalBookValueSecuritiesAmt0684099
IRS990ScheduleD/TotalExpensesPerForm990Amt01687084
IRS990ScheduleD/TotalRevenuePerForm990Amt01709517
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt02059027
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt01881697
IRS990ScheduleI/GrantRecordsMaintainedInd00
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/CashGrantAmt0364738
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/GrantTypeTxt0SCHOLARSHIPS
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/RecipientCnt0178
IRS990ScheduleI/RecipientTable/CashGrantAmt0397795
IRS990ScheduleI/RecipientTable/IRCSectionDesc0GOVT ENTITY
IRS990ScheduleI/RecipientTable/NonCashAssistanceAmt0873409
IRS990ScheduleI/RecipientTable/NonCashAssistanceDesc0EQUIPMENT, TOOLS, SUPPLIES, VEHICLES
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt0ASSIST WITH EDUCATION
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt0HENNEPIN TECHNICAL COLLEGE
IRS990ScheduleI/RecipientTable/RecipientEIN0411943149
IRS990ScheduleI/RecipientTable/USAddress/AddressLine1Txt09000 BROOKLYN BLVD
IRS990ScheduleI/RecipientTable/USAddress/CityNm0BROOKLYN PARK
IRS990ScheduleI/RecipientTable/USAddress/StateAbbreviationCd0MN
IRS990ScheduleI/RecipientTable/USAddress/ZIPCd055445
IRS990ScheduleI/RecipientTable/ValuationMethodUsedDesc0ESTIMATED FMV
IRS990ScheduleI/SupplementalInformationDetail/ExplanationTxt0SCHOLARSHIPS ARE AVAILABLE TO STUDENTS WITHIN A PROGRAM WITH A CERTAIN GRADE POINT AVERAGE OR THAT MEET OTHER SPECIFIC CRITERIA. HENNEPIN TECHNICAL COLLEGE ADVANCEMENT STAFF REVIEW THE SCHOLARSHIP APPLICATIONS SUBMITTED BY STUDENTS AND SELECT THE TOP QUALIFIER BASED ON THE SPECIFIC CRITERIA. SCHOLARSHIPS ARE AWARDED BASED ON BOARD APPROVAL.
IRS990ScheduleI/SupplementalInformationDetail/FormAndLineReferenceDesc0PART 1 LINE 2
IRS990/ScheduleJRequiredInd00
IRS990ScheduleM/AnyPropertyThatMustBeHeldInd00
IRS990ScheduleM/CarsAndOtherVehiclesGrp/ContributionCnt01
IRS990ScheduleM/CarsAndOtherVehiclesGrp/MethodOfDeterminingRevenuesTxt0FMV
IRS990ScheduleM/CarsAndOtherVehiclesGrp/NonCashCheckboxInd0X
IRS990ScheduleM/CarsAndOtherVehiclesGrp/NoncashContributionsRptF990Amt064100
IRS990ScheduleM/OtherNonCashContriTableGrp/ContributionCnt033
IRS990ScheduleM/OtherNonCashContriTableGrp/ContributionCnt132
IRS990ScheduleM/OtherNonCashContriTableGrp/ContributionCnt21
IRS990ScheduleM/OtherNonCashContriTableGrp/Desc0EQUIPMENT FOR COLLEGE PROGRAM
IRS990ScheduleM/OtherNonCashContriTableGrp/Desc1MATERIALS/SUPPLIES FOR COLLEGE PROGRAM
IRS990ScheduleM/OtherNonCashContriTableGrp/Desc2ALL ACCESS SUBSCRIPTION FOR COLLEGE PROGRAM
IRS990ScheduleM/OtherNonCashContriTableGrp/MethodOfDeterminingRevenuesTxt0FMV
IRS990ScheduleM/OtherNonCashContriTableGrp/MethodOfDeterminingRevenuesTxt1FMV
IRS990ScheduleM/OtherNonCashContriTableGrp/NonCashCheckboxInd0X
IRS990ScheduleM/OtherNonCashContriTableGrp/NonCashCheckboxInd1X
IRS990ScheduleM/OtherNonCashContriTableGrp/NonCashCheckboxInd2X
IRS990ScheduleM/OtherNonCashContriTableGrp/NoncashContributionsRptF990Amt0697252
IRS990ScheduleM/OtherNonCashContriTableGrp/NoncashContributionsRptF990Amt1106302
IRS990ScheduleM/OtherNonCashContriTableGrp/NoncashContributionsRptF990Amt25755
IRS990ScheduleM/ReviewProcessUnusualNCGiftsInd01
IRS990ScheduleM/ThirdPartiesUsedInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE 990 IS REVIEWED AT A REGULARLY SCHEDULED FULL BOARD MEETING, AS WELL AS DURING THE AUDIT, FINANCE AND INVESTMENT COMMITTEE MEETING OCCURRING SOONEST TO THE RELEASE OF THE FORM 990. BOARD MEMBERS ARE PROVIDED WITH PERTINENT INFORMATION ABOUT THE 990 IN THE BOARD PACKET.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE [BOARD OR DULY CONSTITUTED COMMITTEE THEREOF] SHALL DETERMINE WHETHER A CONFLICT EXISTS AND IN THE CASE OF AN EXISTING CONFLICT, WHETHER THE CONTEMPLATED TRANSACTION MAY BE AUTHORIZED AS JUST, FAIR, AND IN THE BEST INTERESTS OF THE HENNEPIN TECHNICAL COLLEGE FOUNDATION. THE DECISION OF THE [BOARD OR DULY CONSTITUTED COMMITTEE THEREOF] ON THESE MATTERS WILL REST IN THEIR SOLE DISCRETION, AND THEIR CONCERN MUST BE THE WELFARE OF THE HENNEPIN TECHNICAL COLLEGE FOUNDATION AND THE ADVANCEMENT OF ITS PURPOSE. THE PERSON WHO HAS A CONFLICT OF INTEREST WITH RESPECT TO A CONTRACT OR TRANSACTION THAT WILL BE VOTED ON AT A MEETING SHALL NOT BE COUNTED IN DETERMINING THE PRESENCE OF A QUORUM FOR PURPOSES OF THE VOTE. THE PERSON HAVING A CONFLICT OF INTEREST MAY NOT VOTE ON THE CONTRACT OR TRANSACTION AND SHALL NOT BE PRESENT IN THE MEETING ROOM WHEN THE VOTE IS TAKEN, UNLESS THE VOTE IS BY SECRET BALLOT. SUCH PERSON'S INELIGIBILITY TO VOTE SHALL BE REFLECTED IN THE MINUTES OF THE MEETING. FOR PURPOSES OF THIS PARAGRAPH, A MEMBER OF THE BOARD OF DIRECTORS OF HENNEPIN TECHNICAL COLLEGE FOUNDATION HAS A CONFLICT OF INTEREST WHEN HE OR SHE STANDS FOR ELECTION AS AN OFFICER OR FOR RE-ELECTION AS A MEMBER OF THE BOARD OF DIRECTORS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE FOUNDATION MAKES ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3THERE HAS BEEN NO CHANGES TO THE PROCESS.

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2024 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$2,882,721
Liabilities
$0
Net assets
$2,882,721
Revenue
$1,709,517
Expenses
$1,687,084
Net income
$22,433
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2025XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$2.96$0.02$2.93$1.98$2.11$0.13
2024Detailed filing. Detailed filing data is available for this year.$2.88$0.00$2.88$1.71$1.69$0.02
2024Summary only. Only limited summary data is available for this year.$2.88$0.00$2.88$1.71$1.69$0.02
2023Summary only. Only limited summary data is available for this year.$2.87$0.17$2.71$1.94$1.81$0.13
2022Facts available. Structured filing facts are available, but richer extracted sections are limited.$2.48$0.01$2.47$1.17$1.45$0.27
2021Facts available. Structured filing facts are available, but richer extracted sections are limited.$3.02$0.00$3.02$0.95$0.71$0.25
2020XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$2.56$0.09$2.47$1.42$1.27$0.16
2019Facts available. Structured filing facts are available, but richer extracted sections are limited.$2.35$0.00$2.35$1.40$0.99$0.41
2018XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.91$0.00$1.91$1.04$0.90$0.13
2017XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.71$0.00$1.71$0.88$0.94$0.06
2016Detailed filing. Detailed filing data is available for this year.$1.63$0.00$1.63$1.61$1.50$0.10
2015Detailed filing. Detailed filing data is available for this year.$1.57$0.00$1.57$2.01$1.94$0.07
2014Detailed filing. Detailed filing data is available for this year.$1.50$0.01$1.50$1.43$1.24$0.19
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.31$0.00$1.31$0.72
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.16$0.00$1.16$0.33
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.03$0.00$1.03$0.33