Form 990 for tax year 2023
Filed by NORTH HENNEPIN COMMUNITY COLLEGE FOUNDATION.
Totals
- Total revenue
- $958,755
- Total expenses
- $499,139
- Contributions and grants received
- $886,018
- Grants paid
- $332,027
- Program service revenue
- $0
- Investment income
- $75,523
- Other revenue
- -$2,786
- Total assets, end of year
- $2,199,107
- Total liabilities, end of year
- $0
- Net assets or fund balances, end of year
- $2,199,107
- Program services expenses (Part IX)
- $369,269
- Management and general expenses
- $95,903
- Fundraising expenses
- $33,967
- Program service expenses (Part III)
- $369,269
Program services were 74.0% 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
$19,489
-
1f · All other contributions, gifts and grants
$866,529
-
1g · Noncash contributions included above
$148,485
-
3 · Investment income
total $82,193 · excluded $82,193
-
7a · Gross sales of assets other than inventory
securities $324,997
-
7b · Less cost or other basis and sales expenses
securities $331,667
-
7c · Gain or loss
securities -$6,670
-
7d · Net gain or loss
total -$6,670 · related or exempt -$6,670
-
8a · Fundraising events: gross income
$22,500
-
8a · Fundraising events: contributions included on line 1c
$19,489
-
8b · Fundraising events: direct expenses
$31,219
-
8c · Net income from fundraising events
total -$8,719 · excluded -$8,719
-
11a · Other revenue: RESTITUTION
total $5,933 · excluded $5,933
-
11e · Other revenue, total
$5,933
Functional expenses
Part IX, the statement of functional expenses.
-
1 · Grants to domestic organizations and governments
total $119,207 · program services $119,207
-
2 · Grants to domestic individuals
total $212,820 · program services $212,820
-
7 · Other salaries and wages
total $110,298 · program services $31,819 · management and general $52,319 · fundraising $26,160
-
11c · Fees: accounting
total $30,938 · management and general $30,938
-
13 · Office expenses
total $3,536 · program services $1,061 · management and general $1,415 · fundraising $1,060
-
23 · Insurance
total $3,514 · management and general $3,514
-
24a · Other expenses: Supplies
total $18,012 · program services $4,362 · management and general $7,070 · fundraising $6,580
-
24b · Other expenses: Bank and processing fee
total $647 · management and general $647
-
24c · Other expenses: Miscellaenous
total $167 · fundraising $167
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $450,968 · end of year $582,712
-
3 · Pledges and grants receivable
beginning of year $28,931
-
11 · Investments: publicly traded securities
beginning of year $1,182,407 · end of year $1,616,395
-
27 · Net assets without donor restrictions
beginning of year -$71,728 · end of year $161,280
-
28 · Net assets with donor restrictions
beginning of year $1,734,034 · end of year $2,037,827
Mission and programs · 2023
Mission
The mission of the North Hennepin Community College Foundation is to create access to quality educational opportunities by energizing and mobilizing community, college, and alumni resources on behalf of North Hennepin Community College.
-
Scholarships and emergency aid paid for students.
Expenses $212,820 · Grants $212,820
-
Support to North Hennepin Community College for college programs and initiatives.
Expenses $119,207 · Grants $119,207
-
Expenses $37,242
As filed on the 2023 return.
Listed in Part VII
-
Dave Kiser
Treasurer
- Total calculated
- $0
- Hours/week
- 2
-
Joseph Wallace
President
- Total calculated
- $0
- Hours/week
- 2
-
Rolando Garcia
Ex-Officio
- Total calculated
- $0
- Hours/week
- 2
-
Ben Dossman
Director
- Total calculated
- $0
- Hours/week
- 1
-
Jim Dow
Director
- Total calculated
- $0
- Hours/week
- 1
-
Wendy Hanson
Director
- Total calculated
- $0
- Hours/week
- 1
-
Stacie Haugen
Past President
- Total calculated
- $0
- Hours/week
- 2
-
Kelly Johnson
Vice President
- Total calculated
- $0
- Hours/week
- 2
-
Laura Brandt
Ex-Officio
- Total calculated
- $117,145
- From this org
- $0
- From related orgs
- $89,071
- Other
- $28,074
- Hours/week
- 40
-
Ann Uhde
Director
- Total calculated
- $0
- Hours/week
- 1
-
Duane Poppe
Director
- Total calculated
- $0
- Hours/week
- 1
-
Georgette Gray
Secretary
- Total calculated
- $0
- Hours/week
- 2
-
Andy Berg
Director
- Total calculated
- $0
- Hours/week
- 1
-
Chip Norris
Director
- Total calculated
- $0
- Hours/week
- 1
-
Mick Olson
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
-
North Hennepin Community College
$71,942
Academic Program Support
-
North Hennepin Community College
$32,237
Food Cupboard
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.
-
North Hennepin Community College
Higher Education · MN
Provenance
- Return type
- form_990
- Tax year
- 2023
- Filed
- 30 October 2024
- IRS schema version
- 2023v5.1
- Source object
- 202413129349302351
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