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Nonprofiteer
← CLOVER PARK TECHNICAL COLLEGE FOUNDATION

Form 990 for tax year 2023

Filed by CLOVER PARK TECHNICAL COLLEGE FOUNDATION.

Totals

Total revenue
$515,230
Total expenses
$309,762
Contributions and grants received
$489,409
Grants paid
$262,169
Program service revenue
$9,002
Investment income
$37,624
Other revenue
-$20,805
Total assets, end of year
$3,160,237
Total liabilities, end of year
$0
Net assets or fund balances, end of year
$3,160,237
Program services expenses (Part IX)
$265,387
Management and general expenses
$40,338
Fundraising expenses
$4,037
Program service expenses (Part III)
$265,387

Program services were 85.7% 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

    $115,313

  • 1f · All other contributions, gifts and grants

    $374,096

  • 1g · Noncash contributions included above

    $120,878

  • 2a · Program service revenue: VENDING MACHINE INCOME

    total $6,913 · related or exempt $6,913

  • 2b · Program service revenue: PROGRAM INCOME

    total $2,089 · related or exempt $2,089

  • 3 · Investment income

    total $55,195 · excluded $55,195

  • 7a · Gross sales of assets other than inventory

    securities $328,744

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

    securities $346,315

  • 7c · Gain or loss

    securities -$17,571

  • 7d · Net gain or loss

    total -$17,571 · excluded -$17,571

  • 8a · Fundraising events: gross income

    $0

  • 8a · Fundraising events: contributions included on line 1c

    $115,313

  • 8b · Fundraising events: direct expenses

    $20,805

  • 8c · Net income from fundraising events

    total -$20,805 · excluded -$20,805

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $113,489 · program services $113,489

  • 2 · Grants to domestic individuals

    total $148,680 · program services $148,680

  • 11c · Fees: accounting

    total $21,600 · management and general $21,600

  • 11f · Fees: investment management

    total $12,173 · management and general $12,173

  • 13 · Office expenses

    total $4,662 · management and general $625 · fundraising $4,037

  • 19 · Conferences, conventions and meetings

    total $1,119 · management and general $1,119

  • 23 · Insurance

    total $1,588 · management and general $1,588

  • 24a · Other expenses: SUPPORT COLLEGE PROGRAM

    total $4,645 · program services $3,218 · management and general $1,427

  • 24b · Other expenses: BANK SERVICE FEES

    total $1,420 · management and general $1,420

  • 24c · Other expenses: DUES & SUBSCRIPTIONS

    total $120 · management and general $120

  • 24d · Other expenses: DONOR RECOGNITION

    total $79 · management and general $79

  • 24e · All other expenses

    total $187 · management and general $187

Balance sheet

Part X, book values.

  • 2 · Savings and temporary cash investments

    beginning of year $607,519 · end of year $650,667

  • 4 · Accounts receivable

    beginning of year $12,848 · end of year $11,341

  • 8 · Inventories for sale or use

    beginning of year $44,472 · end of year $46,470

  • 11 · Investments: publicly traded securities

    beginning of year $2,031,754 · end of year $2,451,759

  • 17 · Accounts payable and accrued expenses

    beginning of year $1,750

  • 27 · Net assets without donor restrictions

    beginning of year $1,054,072 · end of year $1,053,192

  • 28 · Net assets with donor restrictions

    beginning of year $1,640,771 · end of year $2,107,045

Mission and programs · 2023

Mission

TO ASSIST CLOVER PARK TECHNICAL COLLEGE STUDENTS AND PROGRAMS.

Activities or mission (Part I)

CPTC FOUNDATION ENSURES THE OPPORTUNITY FOR THE EDUCATION OF TOMORROW'S WORKFORCE.

  • PROVIDE SCHOLARSHIPS TO STUDENTS FOR TUITION, BOOKS AND SUPPLIES AS WELL AS STAFF AND FACULTY AWARDS FOR OUTSTANDING WORK AND COMMITMENT TO THEIR JOBS.

    Expenses $116,921 · Grants $116,921

  • PROVIDE EMERGENCY GRANTS TO STUDENTS AT CLOVER PARK TECHNICAL COLLEGE FOR SHELTER, UTILITIES OR OTHER NEEDS THAT WILL ENABLE THE STUDENT TO CONTINUE THEIR EDUCATION.

    Expenses $26,396 · Grants $26,396

  • PROVIDE ASSISTANCE TO COLLEGE PROGRAMS THROUGH EQUIPMENT DONATIONS TO ASSIST STUDENTS IN PRACTICAL TRAINING FOR THEIR VOCATION; PROVIDED CASH TO SPECIFIC PROGRAMS FOR SUPPLIES AND OTHER NEEDS.

    Expenses $5,363 · Grants $5,363

  • PROVIDE ASSISTANCE TO COLLEGE PROGRAMS THROUGH DONATED GOODS FOR ACADEMIC USE.

    Expenses $116,707 · Grants $113,489 · Revenue $9,002

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

Listed in Part VII

  • NANCY STERNITZKY

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • KATHRYN SMITH

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • KRIS SHEGRUD

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • LUCAS HOLM

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • HARLEY MOBERG

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • AMELIA GRAYSON

    EX OFFICIO DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • THUSHARI GOONERATNE

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • DR JOYCE LOVEDAY

    EX OFFICIO DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • CATHY PURCELLA

    EX OFFICIO DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • SAMANTHA DANA

    EX OFFICIO DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • BILL HAMILTON

    EMERITI DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • SHARON MCGAVICK

    EMERITI DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • ELI TAYLOR

    TRUSTEE LIAISON

    Total calculated
    $0
    Hours/week
    2

  • ALDEN BISHOP

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • MARY GREEN

    TREASURER

    Total calculated
    $0
    Hours/week
    3

  • DAVID HARKNESS

    DIRECTOR-AT-LARGE

    Total calculated
    $0
    Hours/week
    2

  • CAROLINE HENRY

    DIRECTOR-AT-LARGE

    Total calculated
    $0
    Hours/week
    2

  • JOE LYDIC

    PRESIDENT

    Total calculated
    $0
    Hours/week
    2

  • THULI LUSHABA

    SECRETARY

    Total calculated
    $0
    Hours/week
    2

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.

Provenance

Return type
form_990
Tax year
2023
Filed
17 September 2024
IRS schema version
2023v5.1
Source object
202402709349301670

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