Totals
- Total revenue
- $2,434,355
- Total expenses
- $2,155,325
- Contributions and grants received
- $2,517,262
- Grants paid
- $0
- Program service revenue
- $29,066
- Investment income
- $30,380
- Other revenue
- -$142,353
- Total assets, end of year
- $2,201,742
- Total liabilities, end of year
- $285,595
- Net assets or fund balances, end of year
- $1,916,147
- Program services expenses (Part IX)
- $1,836,409
- Management and general expenses
- $152,769
- Fundraising expenses
- $166,147
- Program service expenses (Part III)
- $1,836,409
Program services were 85.2% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.
Line items
Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.
Revenue
Part VIII, the statement of revenue.
-
1c · Fundraising events
$382,125
-
1f · All other contributions, gifts and grants
$2,135,137
-
1g · Noncash contributions included above
$563
-
2a · Program service revenue: TEACHER AND STUDENT FEES
total $29,066 · related or exempt $29,066
-
3 · Investment income
total $30,380 · excluded $30,380
-
8a · Fundraising events: gross income
$85,245
-
8a · Fundraising events: contributions included on line 1c
$382,125
-
8b · Fundraising events: direct expenses
$227,598
-
8c · Net income from fundraising events
total -$142,353 · excluded -$142,353
Functional expenses
Part IX, the statement of functional expenses.
-
5 · Compensation of officers, directors and key employees
total $467,064 · program services $303,592 · management and general $46,706 · fundraising $116,766
-
7 · Other salaries and wages
total $925,192 · program services $872,948 · management and general $37,679 · fundraising $14,565
-
9 · Other employee benefits
total $94,262 · program services $79,645 · management and general $6,157 · fundraising $8,460
-
10 · Payroll taxes
total $99,370 · program services $84,367 · management and general $5,992 · fundraising $9,011
-
11g · Fees: other
total $36,816 · program services $9,357 · management and general $26,658 · fundraising $801
-
12 · Advertising and promotion
total $22,041 · program services $20,263 · management and general $665 · fundraising $1,113
-
13 · Office expenses
total $40,998 · program services $36,425 · management and general $1,709 · fundraising $2,864
-
14 · Information technology
total $53,160 · program services $46,632 · management and general $2,438 · fundraising $4,090
-
16 · Occupancy
total $58,810 · program services $52,005 · management and general $2,066 · fundraising $4,739
-
17 · Travel
total $28,718 · program services $23,348 · management and general $3,504 · fundraising $1,866
-
19 · Conferences, conventions and meetings
total $17,661 · program services $5,219 · management and general $12,363 · fundraising $79
-
20 · Interest
total $485 · management and general $485
-
22 · Depreciation, depletion and amortization
total $10,827 · program services $7,006 · management and general $3,156 · fundraising $665
-
23 · Insurance
total $7,808 · program services $4,458 · management and general $2,927 · fundraising $423
-
24a · Other expenses: CAMPUS EXPENSES
total $217,023 · program services $217,023
-
24b · Other expenses: PROGRAM DELIVERIES
total $67,611 · program services $67,611
-
24c · Other expenses: MISCELLANEOUS
total $3,772 · program services $3,382 · management and general $95 · fundraising $295
-
24d · Other expenses: EQUIPMENT MAINTENANCE
total $3,144 · program services $2,729 · management and general $156 · fundraising $259
-
24e · All other expenses
total $563 · program services $399 · management and general $13 · fundraising $151
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $7,955 · end of year $115,259
-
2 · Savings and temporary cash investments
beginning of year $1,567,320 · end of year $1,911,680
-
3 · Pledges and grants receivable
beginning of year $7,500
-
4 · Accounts receivable
beginning of year $183,450 · end of year $50,250
-
9 · Prepaid expenses and deferred charges
beginning of year $46,265 · end of year $47,226
-
10a · Land, buildings and equipment: cost or other basis
$138,486
-
10b · Land, buildings and equipment: accumulated depreciation
$119,503
-
10c · Land, buildings and equipment, net
beginning of year $6,400 · end of year $18,983
-
15 · Other assets
beginning of year $0 · end of year $58,344
-
17 · Accounts payable and accrued expenses
beginning of year $140,372 · end of year $165,558
-
19 · Deferred revenue
beginning of year $42,500 · end of year $48,000
-
25 · Other liabilities
beginning of year $0 · end of year $72,037
-
27 · Net assets without donor restrictions
beginning of year $1,273,608 · end of year $1,299,037
-
28 · Net assets with donor restrictions
beginning of year $362,410 · end of year $617,110
Mission and programs · 2022
Mission
TO BEST PREPARE MINNESOTA STUDENTS WITH BUSINESS, CAREER AND FINANCIAL LITERACY SKILLS THROUGH EXPERIENCES THAT INSPIRE SUCCESS IN WORK AND LIFE.
Activities or mission (Part I)
TO BEST PREPARE MINNESOTA STUDENTS WITH BUSINESS, CAREER AND FINANCIAL LITERACY SKILLS.
-
EMENTORS EMPOWERS STUDENTS WITH THE KNOWLEDGE AND SKILLS NEEDED FOR SUCCESS IN SCHOOL, CAREER, AND LIFE THROUGH WEEKLY ONE-ON-ONE EMAIL EXCHANGES WITH VOLUNTEER BUSINESS MENTORS. THE PROGRAM EMPHASIZES MOTIVATION, WORKPLACE SKILLS AND CAREER EXPLORATION. THE PROGRAM ALSO OFFERS VERSIONS FOCUSED ON STEM AND FINANCIAL LITERACY AND A CUSTOMIZED VERSION FOR AVID CLASSES. 3,363 STUDENTS WERE MENTORED IN 2022-2023.
Expenses $464,686
-
MINNESOTA BUSINESS VENTURE IGNITES STUDENTS' PASSION TO ACHIEVE SUCCESS AND DEVELOP CAREER ASPIRATIONS IN A WEEK-LONG BUSINESS AND CAREER DEVELOPMENT CAMP ON A COLLEGE CAMPUS. THE PROGRAM BRINGS TOGETHER HIGH SCHOOL STUDENTS FROM ACROSS THE STATE TO WORK WITH BUSINESS LEADERS AND LEARN ABOUT CAREER PATHS AND FINANCIAL LITERACY. IN 2023, 279 STUDENTS ATTENDED, INCLUDING 47% FROM LOW-INCOME HOUSEHOLDS AND 73% STUDENTS OF COLOR.
Expenses $509,721 · Revenue $29,066
-
CLOUD COACH STRENGTHENS STUDENT MOTIVATION TO SUCCEED IN SCHOOL AND BEYOND THROUGH EMAIL MENTORING. CLOUD COACH PAIRS A SCHOOL'S ENTIRE NINTH GRADE CLASS WITH MENTORS FROM THE BUSINESS COMMUNITY. WITH THE MANTRA "THINK FORWARD/ACT NOW", CLOUD COACH ENCOURAGES STUDENTS TO CONSIDER FUTURE ASPIRATIONS AND IDENTIFY STEPS TO TAKE NOW TO ACHIEVE GOALS. IN 2022-2023, 2,026 FROM SEVEN SCHOOLS PARTICIPATED.
Expenses $302,602
-
CLASSROOM PLUS INSPIRES STUDENTS TO CREATE A VISION FOR THE FUTURE THROUGH CAREER EXPLORATION VIA CLASSROOM SPEAKERS, CORPORATE?CAREER DAYS, AND MOCK INTERVIEWS. PRESENTATION TOPICS INCLUDE LEADERSHIP, TEAMWORK, AND INTERVIEW SKILLS. 7,046 STUDENTS WERE SERVED IN 2022-2023.
Expenses $124,154
-
FINANCIAL MATTERS MOTIVATES STUDENTS TO MAKE SOUND MONEY MANAGEMENT DECISIONS AND BECOME FINANCIALLY SAVVY. INDUSTRY PROFESSIONALS DELIVER CLASSROOM PRESENTATIONS ON FINANCIAL TOPICS ENHANCED WITH PERSONAL STORIES FROM THEIR OWN JOURNEY. TOPICS INCLUDE MONEY, BUDGETING, CREDIT, INVESTING, AND TAX. DURING 2022-23, 3,413 STUDENTS PARTICIPATED.
Expenses $108,789
-
THE STOCK MARKET GAME TEACHES STUDENTS ABOUT ECONOMICS, INVESTING, AND THE IMPORTANCE OF A LONG-TERM SAVINGS STRATEGY. STUDENT TEAMS INVEST HYPOTHETICAL FUNDS IN COMMON STOCKS AND MUTUAL FUNDS. IT IS A NATIONAL PROGRAM ADMINISTERED BY THE SECURITIES INDUSTRY AND FINANCIAL MARKETS ASSOCIATION. 13,047 STUDENTS PARTICIPATED IN 2022-2023.
Expenses $177,294
-
THE TECHNOLOGY INTEGRATION WORKSHOP (TIW) EMPOWERS EDUCATORS WITH TECHNOLOGY TOOLS AND BUSINESS EXPERIENCE DURING THIS SUMMER PROFESSIONAL DEVELOPMENT OPPORTUNITY ATTENDEES USE NEW TECHNOLOGY TO UPDATE THEIR CURRICULUM. TEACHERS PARTICIPATE IN A CORPORATE JOB SHADOW TO PREPARE STUDENTS WITH THE SKILLS NEEDED IN TODAY'S WORKPLACE. IN 2023-2023, 57 EDUCATORS FROM 36 SCHOOLS PARTICIPATED. THE PROGRAM ALSO HAD 92 VOLUNTEERS AT 95 ENGAGEMENTS WHO CONTRIBUTED 471 HOURS OF VOLUNTEER HOURS OF SUPPORT. THE TECHNOLOGY INTEGRATION WORKSHOP CONCLUDED ITS FINAL PROGRAM THIS SUMMER. DURING THE PROGRAM'S 20 YEARS, MORE THAN 1,500 EDUCATORS LEARNED HOW EXISTING AND EMERGING EDUCATIONAL TECHNOLOGIES CAN ENHANCE LESSON EFFECTIVENESS AND STUDENT ENGAGEMENT. THEY ALSO LEARNED WHAT EMPLOYERS ARE LOOKING FOR IN EMPLOYEES THROUGH A JOB SHADOW AND NETWORKED WITH FELLOW TEACHERS THROUGHOUT THE STATE.
Expenses $149,163
As filed on the 2022 return. The filer continues this part on Schedule O, which is not shown here.
Listed in Part VII
-
Ashley EricksonASHLEY ERICKSON
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 0.5
-
Kristy BeckmanKRISTY BECKMAN
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 0.5
-
Brian BoardmanBRIAN BOARDMAN
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 0.5
-
James BoucherJAMES BOUCHER
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 0.5
-
Kim BoyltonKIM BOYLTON
SECRETARY
- Total calculated
- $0
- Hours/week
- 2
-
Chase BrakkeCHASE BRAKKE
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 0.5
-
Dean BreuerDEAN BREUER
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 0.5
-
Andy DarvellANDY DARVELL
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 0.5
-
Rhonda DeanRHONDA DEAN
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 0.5
-
Joanna EhresmanJOANNA EHRESMAN
CHAIR
- Total calculated
- $0
- Hours/week
- 2
-
Anita GoebelANITA GOEBEL
TREASURER
- Total calculated
- $0
- Hours/week
- 2
-
Andy HenningANDY HENNING
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 0.5
-
Dan HoganDAN HOGAN
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 0.5
-
Kim HultgrenKIM HULTGREN
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 0.5
-
Don JohnsonDON JOHNSON
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 0.5
-
Keshia JonesKESHIA JONES
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 0.5
-
Greta KoehlerGRETA KOEHLER
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 0.5
-
Paul LangloisPAUL LANGLOIS
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 0.5
-
Steve LearSTEVE LEAR
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 0.5
-
Mike LebensMIKE LEBENS
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 0.5
-
Betsy LulfsBETSY LULFS
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 0.5
-
Douglas MartinDOUGLAS MARTIN
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 0.5
-
Jeff MunnekeJEFF MUNNEKE
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 0.5
-
Amanda MunozAMANDA MUNOZ
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 0.5
-
Marc OlsonMARC OLSON
VICE CHAIR
- Total calculated
- $0
- Hours/week
- 2
-
James PateJAMES PATE
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 0.5
-
Jason PlankJASON PLANK
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 0.5
-
Bryan PolleyBRYAN POLLEY
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 0.5
-
Scott MorrisSCOTT MORRIS
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 0.5
-
Jay RobinsonJAY ROBINSON
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 0.5
-
James RedelsheimerJAMES REDELSHEIMER
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 0.5
-
Jesse RossJESSE ROSS
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 0.5
-
Liza SayreLIZA SAYRE
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 0.5
-
Michael RemingtonMICHAEL REMINGTON
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 0.5
-
Casey SchoenCASEY SCHOEN
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 0.5
-
Jared ShaskyJARED SHASKY
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 0.5
-
Maggie SnettingMAGGIE SNETTING
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 0.5
-
Andy TateANDY TATE
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 0.5
-
Roz TsaiROZ TSAI
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 0.5
-
Cole TurnbowCOLE TURNBOW
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 0.5
-
Sarah VandenbergSARAH VANDENBERG
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 0.5
-
John WagnerJOHN WAGNER
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 0.5
-
Steve WeitzSTEVE WEITZ
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 0.5
-
Bridget SwensonBRIDGET SWENSON
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 0.5
-
Brad ZastoupilBRAD ZASTOUPIL
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 0.5
-
Matt KasseraMATT KASSERA
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 0.5
-
Mike FisherMIKE FISHER
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 0.5
-
Jill GieferJILL GIEFER
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 0.5
-
Jeremy GogosJEREMY GOGOS
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 0.5
-
Jeff GonsalesJEFF GONSALES
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 0.5
-
Whitney-Lehr KoeningWHITNEY-LEHR KOENING
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 0.5
-
Casey MerkwanCASEY MERKWAN
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 0.5
-
Kirk MorrisKIRK MORRIS
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 0.5
-
Matt MosherMATT MOSHER
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 0.5
-
George OmaeGEORGE OMAE
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 0.5
-
Dawn PruittDAWN PRUITT
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 0.5
-
Chanel RiversCHANEL RIVERS
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 0.5
-
Rashmi VashishtRASHMI VASHISHT
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 0.5
-
Bonnie VagaskyBONNIE VAGASKY
VP EXTERNAL RELATIONS
- Total calculated
- $112,152
- From this org
- $112,152
- From related orgs
- $0
- Other
- $0
- Hours/week
- 50
-
Robert KaitzROBERT KAITZ
PRESIDENT & CEO
- Total calculated
- $255,822
- From this org
- $255,822
- From related orgs
- $0
- Other
- $0
- Hours/week
- 50
Schedule J breakdown matched by us
- Base
- $255,822
- Bonus
- $0
- Other
- $0
- Deferred
- $0
- Nontaxable benefits
- $0
- Filer's total
- $255,822
-
John SchulteJOHN SCHULTE
VP FINANCE & TECHNOLOGY
- Total calculated
- $99,090
- From this org
- $99,090
- From related orgs
- $0
- Other
- $0
- Hours/week
- 50
Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.
Schedule J
Answered yes
- 2 · Substantiation required before reimbursing expenses
- 3 · Compensation committee
- 3 · Form 990 of other organizations
- 3 · Written employment contract
- 3 · Compensation survey or study
- 3 · Approval by the board or compensation committee
Answered no
- 4a · Severance or change-of-control payment
- 4b · Supplemental nonqualified retirement plan
- 4c · Equity-based compensation arrangement
- 5a · Pay contingent on this organization's revenues
- 5b · Pay contingent on a related organization's revenues
- 6a · Pay contingent on this organization's net earnings
- 6b · Pay contingent on a related organization's net earnings
- 7 · Other non-fixed payments
- 8 · Paid under the initial-contract exception
Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.
Grants on this return
No itemized grants to organizations on this return.
Provenance
- Return type
- form_990
- Tax year
- 2022
- Filed
- 30 January 2024
- IRS schema version
- 2022v5.0
- Source object
- 202430459349300443
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