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Nonprofiteer
← TWIN CITIES SCHOOLS TELECOMMUNICATIONS GROUP INC

Form 990 for tax year 2023

Filed by TWIN CITIES SCHOOLS TELECOMMUNICATIONS GROUP INC.

Totals

Total revenue
$2,713,471
Total expenses
$2,632,034
Contributions and grants received
$0
Grants paid
$377,165
Program service revenue
$1,609,272
Investment income
$183,193
Other revenue
$921,006
Total assets, end of year
$7,986,299
Total liabilities, end of year
$162,741
Net assets or fund balances, end of year
$7,823,558
Program services expenses (Part IX)
$2,349,373
Management and general expenses
$282,661
Fundraising expenses
$0
Program service expenses (Part III)
$2,349,373

Program services were 89.3% 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.

  • 2a · Program service revenue: MOBILE CITIZEN

    total $1,609,272 · related or exempt $1,609,272

  • 3 · Investment income

    total $121,518 · excluded $121,518

  • 5 · Royalties

    total $938,864 · excluded $938,864

  • 7a · Gross sales of assets other than inventory

    securities $2,291,555

  • 7b · Less cost or other basis and sales expenses

    securities $2,229,880

  • 7c · Gain or loss

    securities $61,675

  • 7d · Net gain or loss

    total $61,675 · excluded $61,675

  • 11a · Other revenue: K-1 ROSE

    total $80 · unrelated business $80

  • 11b · Other revenue: K-1 EBS SUPPORT SERVICES, LLC

    total -$6,695 · unrelated business -$6,695

  • 11c · Other revenue: K-1 GIAP II

    total -$11,243 · unrelated business -$11,243

  • 11e · Other revenue, total

    -$17,858

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $377,165 · program services $377,165

  • 11a · Fees: management

    total $667,816 · program services $521,993 · management and general $145,823

  • 11b · Fees: legal

    total $88,616 · program services $5,435 · management and general $83,181

  • 11c · Fees: accounting

    total $4,450 · management and general $4,450

  • 11f · Fees: investment management

    total $26,531 · management and general $26,531

  • 11g · Fees: other

    total $12,868 · program services $2,830 · management and general $10,038

  • 13 · Office expenses

    total $313 · program services $271 · management and general $42

  • 17 · Travel

    total $4,896 · program services $3,408 · management and general $1,488

  • 23 · Insurance

    total $2,008 · management and general $2,008

  • 24a · Other expenses: MOBILE CITIZEN EXPENSES

    total $1,292,351 · program services $1,292,351

  • 24b · Other expenses: FELLOWSHIP & EOP REIMB

    total $145,920 · program services $145,920

  • 24c · Other expenses: ROYALTY EXPENSE

    total $9,100 · management and general $9,100

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $317,414 · end of year $378,330

  • 2 · Savings and temporary cash investments

    beginning of year $344,327 · end of year $157,440

  • 4 · Accounts receivable

    beginning of year $29,940 · end of year $85,109

  • 9 · Prepaid expenses and deferred charges

    beginning of year $17,594 · end of year $42,900

  • 11 · Investments: publicly traded securities

    beginning of year $4,934,455 · end of year $5,512,435

  • 13 · Investments: program-related

    beginning of year $1,685,795 · end of year $1,810,085

  • 17 · Accounts payable and accrued expenses

    beginning of year $76,115 · end of year $91,691

  • 19 · Deferred revenue

    beginning of year $70,908 · end of year $71,050

  • 27 · Net assets without donor restrictions

    beginning of year $7,182,502 · end of year $7,823,558

Mission and programs · 2023

Mission

SEE SCHEDULE O

  • VOQAL TWIN CITIES PARTICIPATES IN THE EDUCATION OPPORTUNITY PROJECT (EOP). THE EOP AIMS TO MEASURABLY REDUCE EDUCATIONAL OPPORTUNITY GAPS BY PROVIDING CAPITAL AND STRATEGIC ADVICE TO ENTREPRENEURS AND ORGANIZATIONS WORKING TO IMPROVE EDUCATIONAL OUTCOMES FOR DISADVANTAGED POPULATIONS. VOQAL NONPROFITS COLLECTIVELY SPENT $427,669 IN THE FISCAL YEAR 2024 PROGRAM WITH VOQAL TWIN CITIES CONTRIBUTING $125,064 TO THE PROGRAM.

    Expenses $125,064

  • VOQAL TWIN CITIES IS PROUD TO BE PART OF THE VOQAL FELLOWSHIP. THE VOQAL FELLOWSHIP IS AN INVESTMENT IN PEOPLE AS INDIVIDUALS AND BUDDING ENTREPRENEURS; A TALENT AND STARTUP ACCELERATOR AIMED AT GIVING THOSE OFTEN OVERLOOKED BY TRADITIONAL FUNDERS A CHANCE TO ENACT THEIR VISIONS. IN FISCAL YEAR 2024, EIGHT INDIVIDUALS WERE SELECTED AS FELLOWS AFTER A RIGOROUS SEARCH PROCESS. THEIR PROJECTS FOCUSED ON ISSUES RANGING FROM CIVIC MEDIA TO ONLINE TOOLS. VOQAL NONPROFITS COLLECTIVELY SPENT $384,103 IN THE FISCAL YEAR 2024 PROGRAM WITH VOQAL TWIN CITIES CONTRIBUTING $111,207 TO THE PROGRAM.VOQAL TWIN CITIES MAINTAINS A SEPARATE GRANTMAKING PROGRAM. IN FISCAL YEAR 2024, VOQAL TWIN CITIES MADE GRANTS TOTALING $385,250 TO 10 GRANTEES. EXPENSES TOTAL $110,317.

    Expenses $111,207

  • ON BEHALF OF VOQAL TWIN CITIES, MOBILE CITIZEN PLACES LTE WIRELESS BROADBAND ACCOUNTS WITH SCHOOLS AND NONPROFITS BOTH LOCALLY IN MINNESOTA AND NATIONWIDE. THE ESTIMATED NUMBER OF LTE WIRELESS BROADBAND ACCOUNTS IS BASED ON VOQAL TWIN CITIES' OWNERSHIP PERCENTAGE OF ALL ACTIVE ACCOUNTS AT FISCAL YEAR-END. THE ESTIMATED MARKET VALUE, BASED ON $50/MONTH, OF ACTIVE ACCOUNTS IS MORE THAN $2.2 MILLION. VOQAL TWIN CITIES PROVIDES SCHOOLS IN THE TWIN CITIES METRO AREA WITH FREE AND SUBSIDIZED HIGH-SPEED WIRELESS BROADBAND INTERNET ACCOUNTS. THE SCHOOLS ARE BOTH PUBLIC AND PRIVATE, SERVICING GRADES K-12. WE ESTIMATE THAT THE FAIR MARKET VALUE OF THESE FREE AND SUBSIDIZED ACCOUNTS IS OVER $52,680 ANNUALLY.

    Expenses $487,482 · Grants $377,165

  • ON BEHALF OF VOQAL TWIN CITIES, MOBILE CITIZEN PLACES LTE WIRELESS BROADBAND ACCOUNTS WITH SCHOOLS AND NONPROFITS BOTH LOCALLY IN MINNESOTA AND NATIONWIDE. THE ESTIMATED NUMBER OF LTE WIRELESS BROADBAND ACCOUNTS IS BASED ON VOQAL TWIN CITIES' OWNERSHIP PERCENTAGE OF ALL ACTIVE ACCOUNTS AT FISCAL YEAR-END. THE ESTIMATED MARKET VALUE, BASED ON $50/MONTH, OF THE DONATION OF FREE AND SUBSIDIZED ACCOUNTS IS MORE THAN $2.2 MILLION. VOQAL TWIN CITIES PROVIDES SCHOOLS IN THE TWIN CITIES METRO AREA WITH FREE AND SUBSIDIZED HIGH-SPEED WIRELESS BROADBAND INTERNET ACCOUNTS. THE SCHOOLS ARE BOTH PUBLIC AND PRIVATE, SERVICING GRADES K-12. WE ESTIMATE THAT THE FAIR MARKET VALUE OF THESE FREE AND SUBSIDIZED ACCOUNTS IS OVER $52,680 ANNUALLY.

    Expenses $1,625,620 · Revenue $1,609,272

As filed on the 2023 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • DAVID MCKAY

    PRESIDENT/DIRECTOR

    Total calculated
    $0
    Hours/week
    5

  • DENISE MAYOTTE

    SECRETARY/DIRECTOR

    Total calculated
    $0
    Hours/week
    9

  • RON HARRIS

    TREASURER/DIRECTOR

    Total calculated
    $0
    Hours/week
    5

  • CECILIA ORTIZ

    DIRECTOR

    Total calculated
    $0
    Hours/week
    5

  • ADAM MILLER

    ASSISTANT SECRETARY

    Total calculated
    $0
    Hours/week
    5 + 47 related

  • LISA REED

    CFO

    Total calculated
    $0
    Hours/week
    4 + 46 related

  • KIM BUBON

    ASST SECRETARY

    Total calculated
    $0
    Hours/week
    5 + 40 related

  • BRENDA WILLIAMS-SEARS

    CEO

    Total calculated
    $0
    Hours/week
    5 + 47 related

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.

Grants on this return

The 10 largest by cash amount. The API serves every itemized grant.

Provenance

Return type
form_990
Tax year
2023
Filed
3 February 2025
IRS schema version
2023v6.0
Source object
202530359349300333

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