Form 990 for tax year 2023
Filed by ANOKA-HENNEPIN TECHNICAL COLLEGE FOUNDATION.
Totals
- Total revenue
- $936,054
- Total expenses
- $768,585
- Contributions and grants received
- $852,159
- Grants paid
- $743,833
- Program service revenue
- $0
- Investment income
- $102,119
- Other revenue
- -$18,224
- Total assets, end of year
- $2,155,556
- Total liabilities, end of year
- $64,106
- Net assets or fund balances, end of year
- $2,091,450
- Program services expenses (Part IX)
- $743,875
- Management and general expenses
- $18,370
- Fundraising expenses
- $6,340
- Program service expenses (Part III)
- $743,875
Program services were 96.8% 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
$52,819
-
1f · All other contributions, gifts and grants
$799,340
-
1g · Noncash contributions included above
$380,513
-
3 · Investment income
total $41,596 · excluded $41,596
-
7a · Gross sales of assets other than inventory
securities $802,449
-
7b · Less cost or other basis and sales expenses
securities $741,926
-
7c · Gain or loss
securities $60,523
-
7d · Net gain or loss
total $60,523 · excluded $60,523
-
8a · Fundraising events: gross income
$0
-
8a · Fundraising events: contributions included on line 1c
$52,819
-
8b · Fundraising events: direct expenses
$18,224
-
8c · Net income from fundraising events
total -$18,224 · excluded -$18,224
Functional expenses
Part IX, the statement of functional expenses.
-
1 · Grants to domestic organizations and governments
total $380,513 · program services $380,513
-
2 · Grants to domestic individuals
total $363,320 · program services $363,320
-
11c · Fees: accounting
total $11,000 · management and general $11,000
-
11f · Fees: investment management
total $4,839 · management and general $4,839
-
13 · Office expenses
total $797 · program services $42 · management and general $277 · fundraising $478
-
14 · Information technology
total $46 · management and general $46
-
23 · Insurance
total $958 · management and general $958
-
24a · Other expenses: DONOR RECOGNITION EXPEN
total $5,862 · fundraising $5,862
-
24b · Other expenses: MISCELLANEOUS
total $1,250 · management and general $1,250
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $1,004,962 · end of year $1,125,848
-
10a · Land, buildings and equipment: cost or other basis
$144,400
-
10b · Land, buildings and equipment: accumulated depreciation
$144,400
-
10c · Land, buildings and equipment, net
beginning of year $0 · end of year $0
-
11 · Investments: publicly traded securities
beginning of year $922,282 · end of year $1,029,708
-
17 · Accounts payable and accrued expenses
beginning of year $1,509 · end of year $34,106
-
23 · Secured mortgages and notes payable
beginning of year $30,000 · end of year $30,000
-
27 · Net assets without donor restrictions
beginning of year $180,691 · end of year $235,203
-
28 · Net assets with donor restrictions
beginning of year $1,715,044 · end of year $1,856,247
Mission and programs · 2023
Mission
TO OBTAIN AND DISTRIBUTE RESOURCES TO SUPPORT THE STUDENTS, FACULTY, PROGRAMS AND VISION OF ANOKA TECHNICAL COLLEGE.
Activities or mission (Part I)
TO OBTAIN AND DISTRIBUTE COLLEGE RESOURCES TO SUPPORT THE STUDENTS, FACULTY, AND PROGRAMS.
-
SCHOLARSHIPS:THE ANOKA TECHNICAL COLLEGE FOUNDATION FUNDED SCHOLARSHIPS AND CRISIS GRANTS THAT WERE SELECTED BY THE COLLEGE. FOR FISCAL YEAR ENDING JUNE 30, 2024, SCHOLARSHIPS TOTALING $212,500 WERE PROVIDED TO 150 STUDENT RECIPIENTS. THE FOUNDATION ALSO EXPENDED UNRESTRICTED FOUNDATION FUNDS FOR THE COLLEGE PROGRAM AREAS INCLUDING $8,615 IN UNRESTRICTED FUNDS TO ASSIST COLLEGE PROGRAM AREAS AT THE ANOKA TECHNICAL COLLEGE. IN ADDITION, $108,508 IN RESTRICTED FUNDS WERE PROVIDED TO ASSIST COLLEGE PROGRAM AREAS AND $33,697 WAS GRANTED FOR CRISIS GRANTS TO 88 STUDENTS IN NEED. THE ORGANIZATION ALSO PROVIDED SUPPORT FOR ANOKA TECHNICAL COLLEGE PROGRAMS BY FACILITATING $380,513 IN IN-KIND EQUIPMENT DONATIONS.
Expenses $743,875 · Grants $743,833
As filed on the 2023 return.
Listed in Part VII
-
Elizabeth ChristensenELIZABETH CHRISTENSEN
PRESIDENT
- Total calculated
- $0
- Hours/week
- 1
-
Dennis CarterDENNIS CARTER
VICE PRESIDENT
- Total calculated
- $0
- Hours/week
- 1
-
Joan WoodJOAN WOOD
SECRETARY
- Total calculated
- $0
- Hours/week
- 1
-
Dan ThomsenDAN THOMSEN
TREASURER
- Total calculated
- $0
- Hours/week
- 1
-
Jason AldersJASON ALDERS
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Julie HogieJULIE HOGIE
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Steve HorstmannSTEVE HORSTMANN
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
William KingstonWILLIAM KINGSTON
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Brian KovarBRIAN KOVAR
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Amanda OthoudtAMANDA OTHOUDT
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Bruce SaylerBRUCE SAYLER
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Clint SchneiderCLINT SCHNEIDER
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Tara ThursTARA THURS
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
David TraskDAVID TRASK
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Dan LewisDAN LEWIS
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Lee ZachmanLEE ZACHMAN
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
John BraunJOHN BRAUN
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Linda MargiLINDA MARGI
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Hope RiskaHOPE RISKA
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Ben RobeckBEN ROBECK
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Heather McNeillHEATHER MCNEILL
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
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
-
ANOKA TECHNICAL COLLEGE
$0
ASSISTANCE TO ANOKA TECHNICAL COLLEGE AND STUDENT SCHOLARSHIPS AND GRANTS
Related organizations on this return
Schedule R Part II: tax-exempt organizations related to the filer by control. It does not record shared board members or money.
-
ANOKA TECHNICAL COLLEGE
501(C)(3) · SCHOOL · MN
Provenance
- Return type
- form_990
- Tax year
- 2023
- Filed
- 16 January 2025
- IRS schema version
- 2023v6.0
- Source object
- 202540169349301419
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