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Nonprofiteer
← HENNEPIN TECHNICAL COLLEGE FOUNDATION

Form 990 for tax year 2024

Filed by HENNEPIN TECHNICAL COLLEGE FOUNDATION.

Totals

Total revenue
$1,977,153
Total expenses
$2,107,011
Contributions and grants received
$1,903,030
Grants paid
$2,041,732
Program service revenue
$0
Investment income
$74,123
Other revenue
$0
Total assets, end of year
$2,955,801
Total liabilities, end of year
$23,401
Net assets or fund balances, end of year
$2,932,400
Program services expenses (Part IX)
$2,041,732
Management and general expenses
$61,854
Fundraising expenses
$3,425
Program service expenses (Part III)
$2,041,732

Program services were 96.9% 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

    $1,903,030

  • 1g · Noncash contributions included above

    $1,419,232

  • 3 · Investment income

    total $74,123 · excluded $74,123

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $1,597,592 · program services $1,597,592

  • 2 · Grants to domestic individuals

    total $444,140 · program services $444,140

  • 11c · Fees: accounting

    total $30,790 · management and general $30,790

  • 23 · Insurance

    total $1,412 · management and general $1,412

  • 24a · Other expenses: COMPUTER AND SOFTWARE M

    total $28,076 · management and general $28,076

  • 24b · Other expenses: DONOR CULTIVATION

    total $1,925 · fundraising $1,925

  • 24c · Other expenses: EVENT EXPENSES

    total $1,500 · fundraising $1,500

  • 24d · Other expenses: BANK FEES

    total $1,052 · management and general $1,052

  • 24e · All other expenses

    total $524 · management and general $524

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $7,098

  • 2 · Savings and temporary cash investments

    beginning of year $422,247 · end of year $99,777

  • 3 · Pledges and grants receivable

    beginning of year $25,000 · end of year $25,000

  • 9 · Prepaid expenses and deferred charges

    beginning of year $12,403 · end of year $7,167

  • 11 · Investments: publicly traded securities

    beginning of year $1,706,874 · end of year $2,306,975

  • 12 · Investments: other securities

    beginning of year $684,099 · end of year $516,882

  • 15 · Other assets

    beginning of year $25,000 · end of year $0

  • 17 · Accounts payable and accrued expenses

    end of year $23,401

  • 27 · Net assets without donor restrictions

    beginning of year $216,098 · end of year $290,878

  • 28 · Net assets with donor restrictions

    beginning of year $2,666,623 · end of year $2,641,522

Mission and programs · 2024

Mission

TO PROVIDE RESOURCES THAT SUPPORT CAREER AND TECHNICAL EDUCATION FOR EMPLOYMENT AND ADVANCEMENT IN AN EVER-CHANGING GLOBAL ENVIRONMENT.

  • COLLEGE: COLLEGE EDUCATIONAL SUPPORT EXPENDITURES

    Expenses $1,597,592 · Grants $1,597,592

  • SCHOLARSHIPS AND GRANTS: PROVIDE SCHOLARSHIPS AND GRANTS TO STUDENTS

    Expenses $444,140 · Grants $444,140

As filed on the 2024 return.

Listed in Part VII

  • Larry Hruby

    TREASURER

    Total calculated
    $0
    Hours/week
    3
  • Patricia Andersen

    BOARD PRESIDENT

    Total calculated
    $0
    Hours/week
    3
  • Tim Farley

    DIRECTOR

    Total calculated
    $0
    Hours/week
    3
  • Judy Fesenmaier

    DIRECTOR

    Total calculated
    $0
    Hours/week
    3
  • Satasha Green-Stephen

    DIRECTOR

    Total calculated
    $0
    Hours/week
    3
  • Bailey Ruona

    VICE CHAIR

    Total calculated
    $0
    Hours/week
    3
  • Annette Lund

    DIRECTOR

    Total calculated
    $0
    Hours/week
    3
  • Ernie Parker

    DIRECTOR

    Total calculated
    $0
    Hours/week
    3
  • Amanda Gregory

    DIRECTOR

    Total calculated
    $0
    Hours/week
    3
  • Mike Decamp

    DIRECTOR

    Total calculated
    $0
    Hours/week
    3
  • Kate Trafton

    DIRECTOR

    Total calculated
    $0
    Hours/week
    3
  • Alison Forbs

    EXECUTIVE DIRECTOR

    Total calculated
    $0
    Hours/week
    40

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

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.

  • HENNEPIN TECHNICAL COLLEGE

    GOVERNMENT ENTITY · COLLEGE · MN

Provenance

Return type
form_990
Tax year
2024
Filed
13 November 2025
IRS schema version
2024v5.2
Source object
202503189349301970

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