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Nonprofiteer
← MINNESOTA TECHNOLOGY EDUCATION CORPORATION

Form 990 for tax year 2024

Filed by MINNESOTA TECHNOLOGY EDUCATION CORPORATION.

Totals

Total revenue
$337,346
Total expenses
$261,517
Contributions and grants received
$0
Grants paid
$0
Program service revenue
$329,164
Investment income
$8,182
Other revenue
$0
Total assets, end of year
$2,146,583
Total liabilities, end of year
$1,152,259
Net assets or fund balances, end of year
$994,324
Program services expenses (Part IX)
$253,821
Management and general expenses
$7,696
Fundraising expenses
$0
Program service expenses (Part III)
$253,821

Program services were 97.1% 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.

  • 2a · Program service revenue: RENT

    total $329,164 · related or exempt $329,164

  • 3 · Investment income

    total $8,182 · excluded $8,182

Functional expenses

Part IX, the statement of functional expenses.

  • 11a · Fees: management

    total $9,372 · program services $9,372

  • 11c · Fees: accounting

    total $7,250 · management and general $7,250

  • 13 · Office expenses

    total $446 · management and general $446

  • 16 · Occupancy

    total $120,537 · program services $120,537

  • 22 · Depreciation, depletion and amortization

    total $123,912 · program services $123,912

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $104,719 · end of year $96,044

  • 2 · Savings and temporary cash investments

    beginning of year $455,011 · end of year $216,586

  • 4 · Accounts receivable

    end of year $23,665

  • 10a · Land, buildings and equipment: cost or other basis

    $3,104,994

  • 10b · Land, buildings and equipment: accumulated depreciation

    $1,684,864

  • 10c · Land, buildings and equipment, net

    beginning of year $1,226,371 · end of year $1,420,130

  • 15 · Other assets

    beginning of year $345,024 · end of year $390,158

  • 17 · Accounts payable and accrued expenses

    beginning of year $757 · end of year $17,464

  • 23 · Secured mortgages and notes payable

    beginning of year $1,224,953 · end of year $1,134,795

  • 27 · Net assets without donor restrictions

    beginning of year $905,415 · end of year $994,324

Mission and programs · 2024

Mission

THE CORPORATION IS ORGANIZED AND OPERATED EXCLUSIVELY FOR CHARITABLE AND EDUCATIONAL PURPOSES. TO ACQUIRE, MANAGE AND MAINTAIN REAL AND PERSONAL PROPERTY FOR USE BY THE SCHOOL IN ITS CHARITABLE PURPOSES.

Activities or mission (Part I)

TO MANAGE AND MAINTAIN A BUILDING TO BE USED FOR A CHARTER SCHOOL.

  • THE ORGANIZATION LEASES, MANAGES AND MAINTAINS A BUILDING FOR THE MINNESOTA TRANSITIONS CHARTER SCHOOL.

    Expenses $253,821 · Revenue $329,164

As filed on the 2024 return.

Listed in Part VII

  • Kent Robbins

    PRESIDENT

    Total calculated
    $0
    Hours/week
    1

  • Jon Westby

    VICE-PRESIDENT

    Total calculated
    $0
    Hours/week
    1

  • Sally Westby

    TREASURER

    Total calculated
    $0
    Hours/week
    1

  • Mark Hotzler

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Shawn Fondow

    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

No itemized grants to organizations on this return.

Provenance

Return type
form_990
Tax year
2024
Filed
18 November 2025
IRS schema version
2024v5.2
Source object
202503259349301300

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