2024-11-26T13:42:20-06:00 2024-06-30 411680240 SDK CPA 100 WASHINGTON AVE S STE 1600 MINNEAPOLIS MN 55401 990 2023-07-01 411488605 DAKOTA COUNTY TECHNICAL COLLEGE FOUNDATION DAKO 6514238236 1300 145TH ST EAST ROSEMOUNT MN 55068 KIMBERLY SHAFF FOUNDATION EXECUTIVE DIRECTOR 6514238236 2024-11-25 1 0 TERESA MCALPINE CPA P01553695 6123325500 2024-11-25 2023 2024-10-15 13:58:12Z KIMBERLY SHAFF 1300 145TH ST EAST ROSEMOUNT MN 55068 1065308 0 X WWW.DCTC.EDU/ABOUT-US/FOUNDATION/ X 1983 MN 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. 13 13 0 17 0 0 1350133 793528 0 0 88644 53334 0 0 1438777 846862 880338 1004110 0 0 0 0 0 0 867 52004 54593 932342 1058703 506435 -211841 7035895 7615309 802538 1169942 6233357 6445367 X 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. 0 0 410154 410154 PROVIDE ASSISTANCE TO STUDENTS THROUGH SCHOLARSHIPS. 599608 593956 PROVIDE ASSISTANCE TO DCTC THROUGH PROGRAM EQUIPMENT AND OTHER DCTC PROGRAM SUPPORT. 1009762 1 1 0 0 0 0 0 0 0 1 0 1 0 1 1 1 1 0 0 0 0 0 0 0 0 0 0 1 1 0 0 0 0 0 0 0 0 0 1 0 0 0 0 1 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 X 13 13 0 0 0 0 0 0 0 1 1 0 0 0 1 1 1 1 1 0 0 0 MN X KIMBERLY SHAFF 6514238236 1300 145TH ST E ROSEMOUNT MN 55068 X KATHY FUNSTON BOARD MEMBER 1.00 X 0 0 0 STEPHEN ENGEL CHAIR 1.00 X X 0 0 0 JEFF SCHOENECKER BOARD MEMBER 1.00 X 0 0 0 RYAN O'GARA BOARD MEMBER 1.00 X 0 0 0 MIKE WESTERENG SECRETARY 1.00 X X 0 0 0 SCOTT KADRLIK TREASURER 1.00 X X 0 0 0 KIRSTIN SERSLAND VICE CHAIR 1.00 X X 0 0 0 JIM BJORKLUND BOARD MEMBER 1.00 X 0 0 0 DAN SJOLSETH BOARD MEMBER 1.00 X 0 0 0 JEANNETTE APPOLD BOARD MEMBER 1.00 X 0 0 0 BRANKO TAMBAH BOARD MEMBER 1.00 X 0 0 0 MAGGIE BORER BOARD MEMBER 1.00 X 0 0 0 JOEL BAHMA BOARD MEMBER 1.00 X 0 0 0 KIMBERLY ANNE SHAFF FOUNDATION EXECUTIVE DIREC 20.00 20.00 X 0 95372 32719 0 95372 32719 0 0 0 0 0 793528 259608 793528 76698 76698 195082 218446 -23364 -23364 -23364 846862 0 0 53334 593956 593956 410154 410154 16026 16026 19497 19497 106 106 3205 3205 6519 5652 867 150 150 MISCELLANEOUS EXPENSES 9090 9090 1058703 1009762 48074 867 217923 118654 396238 309236 133618 129000 3015558 3387179 2470020 2526116 802538 1145124 7035895 7615309 24818 802538 1145124 802538 1169942 X 3365850 3645732 2867507 2799635 6233357 6445367 7035895 7615309 -211841 423851 0 X 0 1 X 1 0 X 603875 559612 971344 1350133 793528 4278492 603875 559612 971344 1350133 793528 4278492 938057 3340435 126411 116151 149282 77127 76698 545669 4824161 0.69240 0.69090 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 2470020 162164 106068 2526116 2043417 411000 120170 104567 2470020 2171791 25000 -75838 77536 2043417 1734372 510090 72671 2171791 1845844 17039 -56029 72482 1734372 0.17126 0.82874 1 0 0 BENEFICIAL INTEREST IN ASSETS HELD BY OTHERS 2526116 F 2526116 CASH - RESTRICTED, FISCAL AGENT 1145124 1145124 FISCAL AGENT PAYABLE 1145124 1145124 X 1273777 423851 22561 446412 827365 19497 19497 846862 1218081 178875 178875 1039206 19497 19497 1058703 PART X, LINE 2: FIN 48 (ASC 740) FOOTNOTE THE FOUNDATION IS EXEMPT FROM INCOME TAXES AS A PUBLIC CHARITY UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE AND APPLICABLE STATE STATUTES. ACCOUNTING PRINCIPLES GENERALLY ACCEPTED IN THE UNITED STATES OF AMERICA REQUIRE MANAGEMENT TO EVALUATE TAX POSITIONS TAKEN BY THE FOUNDATION AND RECOGNIZE A TAX LIABILITY IF THE FOUNDATION HAS TAKEN AN UNCERTAIN POSITION THAT MORE LIKELY THAN NOT WOULD NOT BE SUSTAINED UPON EXAMINATION BY TAXING AUTHORITIES. MANAGEMENT EVALUATED THE FOUNDATION'S TAX POSITIONS AND CONCLUDED THAT THE FOUNDATION HAD TAKEN NO UNCERTAIN TAX POSITIONS THAT REQUIRE ADJUSTMENT TO THE FINANCIAL STATEMENTS TO COMPLY WITH THE PROVISIONS OF THIS GUIDANCE. PART V, LINE 4 ENDOWMENT FUNDS - INTENDED USES OF FUNDS THE FOUNDATION'S ENDOWMENT FUNDS CONSIST OF NINETEEN INDIVIDUAL FUNDS ESTABLISHED BY BOTH DONORS AND THE BOARD, WHICH WERE ESTABLISHED SO THE EARNINGS COULD PROVIDE SUPPORT FOR VARIOUS TYPES OF SCHOLARSHIPS AND OTHER FINANCIAL ASSISTANCE TO STUDENTS OF DCTC. 1 DAKOTA COUNTY TECHNICAL COLLEGE 1300 145TH ST E ROSEMOUNT MN 55068 411687554 STATE OF MN 264367 253112 FMV EQUIPMENT PROGRAM EQUIPMENT DAKOTA COUNTY TECHNICAL COLLEGE 1300 145TH ST E ROSEMOUNT MN 55068 411687554 STATE OF MN 74654 0 SUMMER SCHOLARS 1 SCHOLARSHIPS 459 410154 FMV PART I, LINE 2: GRANTS AND SCHOLARSHIPS GRANTS ARE AVAILABLE FOR STUDENTS FROM BOTH FEDERAL AND STATE AGENCIES AND THE AMOUNT THAT YOU ARE ELIGIBLE TO RECEIVE IS CALCULATED AFTER YOU SUBMIT THE FAFSA APPLICATION. THE US DEPARTMENT OF EDUCATION APPLIES THE SAME RULES AND CALCULATIONS TO EVERY APPLICATION TO SEE WHO IS EIGIBLE FOR FINANCIAL AID. THE DCTC FINANCIAL AID OFFICE THEN DETERMINES YOUR FINANCIAL AID ELIGIBILITY BY APPLYING FEDERALLY OUTLINED RULES. THERE ARE ALSO A VARIETY OF SCHOLARSHIPS OFFERED EACH YEAR BY THE DCTC FOUNDATION. TO BE CONSIDERED FOR A SCHOLARSHIP, YOU MUST HAVE A FAFSA APPLICATION ON FILE ALONG WITH PERSONAL ESSAYS AND LETTERS OF RECOMMENDATION. SPECIFIC CRITERIA ARE LISTED IN EACH SCHOLARSHIP APPLICATION FORM. X EQUIPMENT 12 253112 FMV X SUPPLIES & PRINTING 11 6496 FMV 0 1 0 FORM 990, PART VI, SECTION B, LINE 11B THE FORM 990 IS REVIEWED BY MANAGEMENT ON BEHALF OF THE BOARD BEFORE FILING. FORM 990, PART VI, SECTION B, LINE 12C BOARD MEMBERS SIGN THE POLICY WHEN THEY BECOME A MEMBER OF THE BOARD. IT IS REVIEWED ANNUALLY AND RE-SIGNED AT THE BEGINNING OF A NEW TERM. THE CONFLICT OF INTEREST POLICY IS DESIGNED TO HELP DIRECTORS, OFFICERS AND EMPLOYEES OF THE DCTC FOUNDATION IDENTIFY SITUATIONS THAT PRESENT POTENTIAL CONFLICTS OF INTEREST AND TO PROVIDE DCTC FOUNDATION WITH A PROCEDURE WHICH, IF OBSERVED, WILL ALLOW A TRANSACTION TO BE TREATED AS VALID AND BINDING EVEN THOUGH A DIRECTOR, OFFICER OR EMPLOYEE HAS OR MAY HAVE A CONFLICT OF INTEREST WITH RESPECT TO THE TRANSACTION. THE POLICY IS INTENDED TO COMPLY WITH THE PROCEDURE PRESCRIBED IN MINNESOTA STATUTES, SECTION 317A.255 GOVERNING CONFLICTS OF INTEREST FOR DIRECTORS OF NON-PROFIT CORPORATIONS. FORM 990, PART VI, SECTION C, LINE 19 THE DCTC FOUNDATION PROVIDES ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY AND FINANCIAL STATEMENTS TO THE PUBLIC AS REQUESTED. THE DCTC FOUNDATION ALSO PROVIDES ITS FINANCIAL STATEMENTS TO THE MINNESOTA STATE COLLEGES AND UNIVERSITIES SYSTEM (MINNESOTA STATE), WHICH IS COMPILED INTO AN ANNUAL REPORT. FORM 990, PART VII FOUNDATION COMPENSATION NO COMPENSATION IS PAID BY THE FOUNDATION. MANAGEMENT IS SHARED BY TWO COLLEGE FOUNDATIONS. COMPENSATION IS PAID BY THE STATE OF MINNESOTA BY THE COLLEGE RELATED TO EACH FOUNDATION. DAKOTA COUNTY TECHNICAL COLLEGE 1300 145TH ST E ROSEMOUNT MN 55068 411687554 EDUCATION MN N/A 0 0 1 0 0 0 0 0 0 0 0 0 0 0 1 1 0 0 0 0 DAKOTA COUNTY TECHNICAL COLLEGE B 1004110 CASH & FMV DAKOTA COUNTY TECHNICAL COLLEGE O 156314 FMV