Form 990 for tax year 2023
Filed by DAKOTA COUNTY TECHNICAL COLLEGE FOUNDATION.
Totals
- Total revenue
- $846,862
- Total expenses
- $1,058,703
- Contributions and grants received
- $793,528
- Grants paid
- $1,004,110
- Program service revenue
- $0
- Investment income
- $53,334
- Other revenue
- $0
- Total assets, end of year
- $7,615,309
- Total liabilities, end of year
- $1,169,942
- Net assets or fund balances, end of year
- $6,445,367
- Program services expenses (Part IX)
- $1,009,762
- Management and general expenses
- $48,074
- Fundraising expenses
- $867
- Program service expenses (Part III)
- $1,009,762
Program services were 95.4% 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.
-
1f · All other contributions, gifts and grants
$793,528
-
1g · Noncash contributions included above
$259,608
-
3 · Investment income
total $76,698 · excluded $76,698
-
7a · Gross sales of assets other than inventory
securities $195,082
-
7b · Less cost or other basis and sales expenses
securities $218,446
-
7c · Gain or loss
securities -$23,364
-
7d · Net gain or loss
total -$23,364 · excluded -$23,364
Functional expenses
Part IX, the statement of functional expenses.
-
1 · Grants to domestic organizations and governments
total $593,956 · program services $593,956
-
2 · Grants to domestic individuals
total $410,154 · program services $410,154
-
11c · Fees: accounting
total $16,026 · management and general $16,026
-
11f · Fees: investment management
total $19,497 · management and general $19,497
-
13 · Office expenses
total $106 · management and general $106
-
17 · Travel
total $3,205 · management and general $3,205
-
19 · Conferences, conventions and meetings
total $6,519 · program services $5,652 · fundraising $867
-
23 · Insurance
total $150 · management and general $150
-
24a · Other expenses: MISCELLANEOUS EXPENSES
total $9,090 · management and general $9,090
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $217,923 · end of year $118,654
-
2 · Savings and temporary cash investments
beginning of year $396,238 · end of year $309,236
-
3 · Pledges and grants receivable
beginning of year $133,618 · end of year $129,000
-
11 · Investments: publicly traded securities
beginning of year $3,015,558 · end of year $3,387,179
-
12 · Investments: other securities
beginning of year $2,470,020 · end of year $2,526,116
-
15 · Other assets
beginning of year $802,538 · end of year $1,145,124
-
17 · Accounts payable and accrued expenses
end of year $24,818
-
25 · Other liabilities
beginning of year $802,538 · end of year $1,145,124
-
27 · Net assets without donor restrictions
beginning of year $3,365,850 · end of year $3,645,732
-
28 · Net assets with donor restrictions
beginning of year $2,867,507 · end of year $2,799,635
Mission and programs · 2023
Mission
THE DCTC FOUNDATION'S MISSION IS TO FOSTER STUDENT SUCCESS AND ELEVATE THE ACADEMIC EXPERIENCE AT DAKOTA COUNTY TECHNICAL COLLEGE BY SECURING RESOURCES THROUGH STRONG PARTNERSHIPS WITH EMPLOYERS, ALUMNI, AND THE COMMUNITY.
Activities or mission (Part I)
UTILIZE BOARD STRENGTHS AND COMMUNITY CONNECTIONS TO INFLUENCE DCTC IN MAINTAINING RELEVANCY & ATTRACTING & RETAINING STUDENTS WHILE SUPPORTING THEIR RESOURCE & FINANCIAL NEEDS OF CURRENT AND FUTURE STUDENTS IN A MEANINGFUL & SUSTAINABLE WAY.
-
PROVIDE ASSISTANCE TO STUDENTS THROUGH SCHOLARSHIPS.
Expenses $410,154 · Grants $410,154
-
PROVIDE ASSISTANCE TO DCTC THROUGH PROGRAM EQUIPMENT AND OTHER DCTC PROGRAM SUPPORT.
Expenses $599,608 · Grants $593,956
As filed on the 2023 return. The filer continues this part on Schedule O, which is not shown here.
Listed in Part VII
-
KATHY FUNSTON
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
STEPHEN ENGEL
CHAIR
- Total calculated
- $0
- Hours/week
- 1
-
JEFF SCHOENECKER
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
RYAN O'GARA
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
MIKE WESTERENG
SECRETARY
- Total calculated
- $0
- Hours/week
- 1
-
SCOTT KADRLIK
TREASURER
- Total calculated
- $0
- Hours/week
- 1
-
KIRSTIN SERSLAND
VICE CHAIR
- Total calculated
- $0
- Hours/week
- 1
-
JIM BJORKLUND
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
DAN SJOLSETH
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
JEANNETTE APPOLD
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
BRANKO TAMBAH
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
MAGGIE BORER
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
JOEL BAHMA
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
KIMBERLY ANNE SHAFF
FOUNDATION EXECUTIVE DIREC
- Total calculated
- $128,091
- From this org
- $0
- From related orgs
- $95,372
- Other
- $32,719
- Hours/week
- 20 + 20 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
-
DAKOTA COUNTY TECHNICAL COLLEGE
$264,367
PROGRAM EQUIPMENT
-
DAKOTA COUNTY TECHNICAL COLLEGE
$74,654
SUMMER SCHOLARS
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.
-
DAKOTA COUNTY TECHNICAL COLLEGE
EDUCATION · MN
Provenance
- Return type
- form_990
- Tax year
- 2023
- Filed
- 25 November 2024
- IRS schema version
- 2023v5.1
- Source object
- 202433319349301023
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