2024-11-04T16:29:00-06:00 2024-06-30 410746749 CLIFTONLARSONALLEN LLP 4150 2ND ST S SUITE 400 ST CLOUD MN 56301 990 2023-07-01 411272662 ALEXANDRIA TECHNICAL & COMMUNITY COLLEGE FOUNDATION ALEX 3207624670 318 17TH AVENUE EAST ALEXANDRIA MN 56308 JEFF WILD EXECUTIVE DIRECTOR 3207624670 2024-10-28 1 0 KRISTIN L SCHMIDT P01487323 3202035500 2024-10-28 2023 2024-10-15 13:58:12Z JEFF WILD 318 17TH AVENUE EAST ALEXANDRIA MN 56308 4840703 0 X WWW.ALEXTECH.EDU/FOUNDATION X 1971 MN TO SUPPORT THE MISSION OF THE COLLEGE. 9 9 11 15 0 0 5566840 1978311 0 0 72495 256730 962437 877959 6601772 3113000 1494573 1298860 0 0 338940 280296 0 0 10110 775588 781718 2609101 2360874 3992671 752126 17651230 26636730 5689857 13419864 11961373 13216866 THE ATCC FOUNDATION EXISTS TO SUPPORT THE MISSION OF THE COLLEGE. 0 0 819064 439103 COLLEGE PROGRAM SUPPORT - DONATIONS FROM VARIOUS BUSINESSES AND INDIVIDUALS FOR SCHOLARSHIPS AND TRUST DISBURSEMENTS TO BE USED TO HELP FUND SPECIFIC COLLEGE PROGRAMS AND RELATED PROGRAM EXPENSES SUCH AS TRUCK DRIVING, BUSINESS MANAGEMENT, AND MECHANICS. 436792 436792 INKIND DONATION - DONATIONS OF PHYSICAL ITEMS SUCH AS ENGINES, MACHINES, TOOLS, SOFTWARE SYSTEMS, PARTS, MODULES, METALS, VEHICLES FROM VARIOUS BUSINESSES AND INDIVIDUALS TO BE USED FOR THE VARIOUS COLLEGE PROGRAMS GIVING STUDENTS HANDS-ON TRAINING. 788961 422965 STUDENT SUPPORT - DONATIONS FROM VARIOUS BUSINESSES AND INDIVIDUALS FOR SCHOLARSHIPS AND TRUST DISBURSEMENTS TO BE USED TOWARD A VARIETY OF STUDENT EXPENSES SUCH AS PRINTING, TUITION, FEES, AND BOOKS. 2044817 1 1 0 0 0 0 0 0 0 1 1 0 0 0 0 1 1 0 0 0 0 0 0 0 1 0 0 1 0 1 1 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 1 11 0 11 1 0 0 0 0 0 1 1 0 0 0 1 0 0 0 X 9 9 1 0 0 0 0 0 1 1 1 0 0 0 1 1 1 1 1 1 1 0 MN X X MISSY DOEBBER-BREVER 3207624661 318 17TH AVE E ALEXANDRIA MN 56308 ERIN BERNS PRESIDENT 1.00 X X 0 0 0 SHARI LAVEN VICE PRESIDENT 1.00 X X 0 0 0 MIKE CASS SECRETARY 1.00 X X 0 0 0 STUART HENRICKSON TREASURER 1.00 X X 0 0 0 PAUL ANDERSON DIRECTOR 1.00 X 0 0 0 KIM BARSE DIRECTOR 1.00 X 0 0 0 SHANNON BERNS DIRECTOR 1.00 X 0 0 0 NICOLE FERNHOLZ DIRECTOR 1.00 X 0 0 0 SHARLO MEYER DIRECTOR 1.00 X 0 0 0 JEFF WILD EXECUTIVE DIRECTOR 20.00 20.00 X 0 136268 47012 FRANK STARKE EX-OFFICIO 1.00 X 0 0 0 0 136268 47012 1 0 1 1 0 255009 18222 1705080 436792 1978311 159778 159778 925755 0 925755 925755 925755 1776682 1678363 1367 98319 -1367 96952 96952 177 255009 47973 -47796 -47796 3113000 0 0 1134689 1298860 1298860 253676 70583 183093 26620 6625 19995 2062 2062 27656 27656 28620 28620 20578 20578 12601 11155 1446 42067 29840 3563 8664 136510 136510 61280 58266 3014 1163 1163 154511 154511 215839 215547 292 78831 74075 4756 2360874 2044817 305947 10110 321 85 3191289 1625599 1530754 850119 2553 2673 55958 218306 21024643 2704530 7695120 18320113 5150962 5595562 24273 24273 17651230 26636730 878593 1128974 4811264 12290890 5689857 13419864 X 3073516 3556277 8887857 9660589 11961373 13216866 17651230 26636730 752126 503367 0 X X 0 1 X 1 0 X 569667 1040718 1369183 5566840 1931590 10477998 569667 1040718 1369183 5566840 1931590 10477998 3049807 7428191 825803 1050658 989477 1113010 1085533 5064481 15542479 221892 0.47790 0.48210 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 3623232 186961 93837 93837 3810193 3520199 103033 91349 91349 3623232 3533165 187034 65740 65740 200000 3520199 3278734 254431 52426 52426 3533165 3277215 1519 78142 78142 3278734 0.00000 1.00000 0.00000 0 0 78000 78000 20942982 2701062 18241920 3661 3468 193 18320113 X 3754852 503367 119132 47973 670472 3084380 28620 28620 3113000 2499359 119132 47973 167105 2332254 28620 28620 2360874 PART V, LINE 4: THE GENERATION OF INCOME TO PROVIDE SCHOLARSHIP DOLLARS TO SUPPORT STUDENTS AT THE ALEXANDRIA TECHNICAL & COMMUNITY COLLEGE. PART X, LINE 2: ALEXANDRIA TECHNICAL & COMMUNITY COLLEGE FOUNDATION QUALIFIES AS A TAX-EXEMPT ORGANIZATION UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE. THEREFORE, NO EXPENSE HAS BEEN RECOGNIZED FOR INCOME TAXES IN THE ACCOMPANYING FINANCIAL STATEMENTS. THE FOUNDATION IS NOT A PRIVATE FOUNDATION AND CONTRIBUTIONS TO THE FOUNDATION QUALIFY AS CHARITABLE DEDUCTIONS BY THE CONTRIBUTOR. THE FOUNDATION FOLLOWS THE INCOME TAX STANDARD FOR UNCERTAIN TAX POSITIONS. THE FOUNDATION EVALUATED ITS TAX POSITIONS AND DETERMINED IT HAS NO UNCERTAIN TAX POSITIONS AS OF JUNE 30, 2024 AND 2023. PART XI, LINE 2D - OTHER ADJUSTMENTS: SPECIAL EVENTS EXPENSE 47,973. CHANGE IN VALUE - LIFE INSURANCE PART XII, LINE 2D - OTHER ADJUSTMENTS: SPECIAL EVENTS EXPENSE 47,973. FALL GALA 205025 204925 100 1009 2000 10665 1500 7199 SCHOLARSHIPS GOLF TOURNAMENT 50161 50084 77 1300 8816 5177 535 9772 255186 255009 177 2309 10816 15842 2035 16971 47973 -47796 0 ALEXANDRIA TECHNICAL & COMMUNITY COLLEGE 1601 JEFFERSON ST ALEXANDRIA MN 56308 411687554 GOVERNMENT 0 436792 FMV EQUIPMENT TO BE USED AMONG THE COLLEGE PROGRAMS TO ASSIST STUDENTS IN LEARNING NEW SKILLS ALEXANDRIA TECHNICAL & COMMUNITY COLLEGE 1601 JEFFERSON ST ALEXANDRIA MN 56308 411687554 GOVERNMENT 862068 0 N/A N/A PROVIDE FUNDING FOR COLLEGE PROGRAMS AND STUDENT SCHOLARSHIPS 1 1 X 0 0 0 0 0 0 0 0 0 JEFF WILD EXECUTIVE DIRECTOR 0 136268 0 0 0 0 0 0 0 47012 0 183280 0 0 PART I, LINE 1A THE EXECUTIVE DIRECTOR IS REIMBURSED FOR FOUNDATION-RELATED TRAVEL EXPENSE. SCHEDULE J, PART I: THE ORGANIZATION'S EXECUTIVE DIRECTOR IS PAID BY AN UNRELATED ORGANIZATION - ALEXANDRIA TECHNICAL & COMMUNITY COLLEGE. THE AMOUNT REPORTED ON THE 990 PART VII, LINE 1A, REPRESENTS THE COMPENSATION FOR THEIR SERVICE AT THE REPORTING ORGANIZATION WHICH IS PART OF THE DONATED SERVICES AMOUNT PAID BY THE COLLEGE. A CITY OF ALEXANDRIA MINNESOTA 416004926 2011-09-01 7040000 TO SUPPORT THE FOUNDATION HALL PROJECT 0 0 0 B LAKES AREA ECONOMIC DEVELOPMENT AUTHORITY 411670874 2023-04-13 10000000 TO SUPPORT THE WEDUM HALL PROJECT 0 0 0 A 2183379 7040000 50001 6989999 2011 0 0 1 1 B 10000000 269550 9730450 2024 0 0 0 0 A 0 0 0 0 0 0 1 B 0 0 0 0 0 0 1 A 0 0 1 0 0 0 0 0 1 B 0 1 0 0 0 0 0 0 1 A 1 B 1 X 3720 RECEIPT & DONOR VALUE X 1 40000 BLUEBOOK VALUE X 1 1552 DONOR, FACULTY SIGN OFF X ENGINES 2 160174 DONOR, FACULTY SIGN X EQUIMPENT 8 110589 DONOR, FACULTY SIGN X RAW MATERIALS 4 64764 DONOR, FACULTY SIGN X SERVICES 4 48258 CONTRACT AMOUNT X GIFT CARDS, MEMBERSHIPS 30 7735 CASH VALUE 0 0 1 0 FORM 990, PART VI, SECTION A, LINE 1A THE EXECUTIVE COMMITTEE CONSISTS OF THE PRESIDENT OF THE BOARD, VICE PRESIDENT OF THE BOARD, TREASURER AND SECRETARY OF THE BOARD, AND EXECUTIVE DIRECTOR OF THE FOUNDATION AS AN AD HOC MEMBER. THE PRESIDENT MAY APPOINT AD HOC MEMBERS AS DEEMED NECESSARY. THE EXECUTIVE COMMITTEE IS A STANDING COMMITTEE AND MEET AS IS NECESSARY, TO CONDUCT THE NORMAL BUSINESS OF THE FOUNDATION, TO ADVISE, INSTRUCT, AND ASSIST COLLEGE OFFICIALS REGARDING CURRENT PROCEDURE, AND TO CONSIDER MATTERS OF POLICY FOR REFERRAL TO THE BOARD OF DIRECTORS. FORM 990, PART VI, SECTION A, LINE 2 TWO MEMBERS OF THE BOARD OF DIRECTORS, SHANNON BERNS AND ERIN BERNS, ARE SIBLINGS. ONE MEMBER OF THE BOARD OF DIRECTORS, KIM BARSE, IS THE EXECUTIVE VICE PRESIDENT OF ORB MANAGEMENT, THE COMPANY OVERSEEING CONSTRUCTION PROJECTS FOR THE FOUNDATION. FORM 990, PART VI, SECTION A, LINE 7B THE BOARD OF TRUSTEES OF ALEXANDRIA TECHNICAL AND COMMUNITY COLLEGE HAVE THE AUTHORITY TO DISSOLVE THE FOUNDATION AS NOTED IN THE BYLAWS ARTICLE XIII. FORM 990, PART VI, SECTION B, LINE 11B THE BOARD TREASURER, FINANCE COMMITTEE AND EXECUTIVE DIRECTOR WILL REVIEW THE FORM 990 INDEPENDENTLY BEFORE FILING. FORM 990, PART VI, SECTION B, LINE 12C A PERSON SHALL BE DEEMED TO BE AN 'INTERESTED PERSON' IF THE PERSON IS A MEMBER, DIRECTOR, OFFICER, KEY EMPLOYEE, OR MEMBER OF A COMMITTEE OF THE FOUNDATION. ANY INTERESTED PERSON WHO IS INTERESTED IN A MATTER, CONTRACT, TRANSACTION OR OTHER ACTION PRESENT TO THE MEMBERSHIP, THE BOARD OR A COMMITTEE FOR ACTION, AUTHORIZATION, APPROVAL, OR RATIFICATION SHALL (UNLESS HIS OR HER INTEREST THEREIN IS OBVIOUS FROM THE MATTER, CONTRACT, TRANSACTION, OR OTHER ACTION ITSELF), WITHOUT REQUEST, MAKE A PROMPT, FULL, AND FRANK DISCLOSURE OF HIS OR HER INTEREST THEREIN TO THE MEMBERSHIP, THE BOARD OR THE COMMITTEE, PRIOR TO ACTION UPON THE MATTER, CONTRACT, TRANSACTION OR OTHER ACTION. THE DISCLOSURE (IF REQUIRED) SHALL INCLUDE ALL MATERIAL FACTS ABOUT THE MATTER, CONTRACT, OR TRANSACTION. THE INTERESTED PERSON SHALL THEN REMOVE HIM/HERSELF FROM THE MEETING ROOM OR FROM THE COMMUNICATION MEANS BY WHICH THE MEETING IS BEING HELD. THE FOUNDATION SHALL THEREUPON DETERMINE, BY MAJORITY VOTE, WHETHER THE DISCLOSURE SHOWS THAT A CONFLICT OF INTEREST EXISTS OR CAN REASONABLY BE DEEMED TO EXIST. IF THE FOUNDATION TO WHICH THE DISCLOSURE IS MADE DETERMINES THAT A CONFLICT EXISTS OR CAN REASONABLY BE DEEMED TO EXIST, THAT FACT SHALL BE NOTED IN THE MINUTES OF THE MEETING AT WHICH THE MATTER, CONTRACT, OR TRANSACTION IS CONSIDERED OR ACTED UPON, AND THE INTERESTED PERSON SHALL NOT VOTE ON, NOR USE HIS OR HER PERSONAL INFLUENCE ON, NOR PARTICIPATE FURTHER (OTHER THAN TO PRESENT FACTUAL INFORMATION OR TO RESPOND TO QUESTIONS) IN, THE DISCUSSION OR DELIBERATIONS WITH RESPECT TO THE MATTER, CONTRACT, TRANSACTION OR OTHER ACTION. THE INTERESTED PERSON SHALL NOT BE COUNTED IN DETERMINING THE PRESENCE OF A QUORUM AT ANY MEETING WHERE THE MATTER, CONTRACT, TRANSACTION, OR OTHER ACTION IS CONSIDERED OR ACTED UPON. THE FOUNDATION SHALL EXERCISE DUE DILIGENCE, INCLUDING WHEN APPROPRIATE, INVESTIGATION OF ALTERNATIVES TO THE PROPOSED MATTER, CONTRACT, TRANSACTION, OR OTHER ACTION. A MATTER, CONTRACT, TRANSACTION, OR OTHER ACTION WHEREIN A CONFLICT OF INTEREST EXISTS OR IS DEEMED TO EXIST WITH RESPECT TO ONE OR MORE MEMBERS OF THE FOUNDATION VOTING ON THE MATTER, CONTRACT, TRANSACTION, OR OTHER ACTION MAY BE APPROVED BY THE FOUNDATION IF IT DETERMINES THAT IT IS IN THE BEST INTERESTS OF THE FOUNDATION FOR ITS BENEFIT AND IS FAIR AND REASONABLE TO THE FOUNDATION AND WITH RESPECT TO MATTERS, CONTRACTS, TRANSACTIONS OR OTHER ACTION PRESENTED TO THE BOARD OR ONE OF ITS COMMITTEES, SHALL BE APPROVED BY A MAJORITY OF THE FOUNDATION. THE MINUTES OF THE MEETING OF THE FOUNDATION VOTING ON THE MATTER SHALL REFLECT THE DISCLOSURE MADE, THE VOTE ON THE EXISTENCE OF A CONFLICT, AND, WHERE APPLICABLE, THE INTERESTED PERSON'S ABSTENTION FROM VOTING AND PARTICIPATION, THE NAMES OF OTHER PARTICIPANTS IN THE MEETING, A RECORD OF THE DISCUSSION AT THE MEETING, A RECORD OF VOTES TAKEN AT THE MEETING, AND WHETHER A QUORUM WAS PRESENT. IF THE FOUNDATION HAS REASONABLE CAUSE TO BELIEVE THAT AN INTERESTED PERSON HAS FAILED TO DISCLOSE ACTUAL OR POTENTIAL CONFLICTS OF INTEREST, IT SHALL INFORM THE INTERESTED PERSON OF THE BASIS FOR SUCH BELIEF AND AFFORD THE INTERESTED PERSON AN OPPORTUNITY TO EXPLAIN THE ALLEGED FAILURE TO DISCLOSE. IF THE FOUNDATION VOTING ON THE MATTER DETERMINES THAT THE INTERESTED PERSON HAS FAILED TO DISCLOSE AN ACTUAL OR POTENTIAL CONFLICT OF INTEREST, THE FOUNDATION SHALL TAKE APPROPRIATE CORRECTIVE ACTION. FORM 990, PART VI, SECTION B, LINE 15 THE EXECUTIVE DIRECTOR IS EMPLOYED BY THE COLLEGE AND THEIR SALARY IS DETERMINED BY THE COLLEGE, FOLLOWING GUIDELINES SET BY THE MINNESOTA STATE COLLEGES AND UNIVERSITIES SYSTEM. THE EXECUTIVE DIRECTOR AND THE BOARD PRESIDENT DETERMINED COMPENSATION FOR OTHER EMPLOYEES. INFORMATION WAS GATHERED TO COMPARE SIMILAR POSITIONS/TITLES/DUTIES FROM OTHER FOUNDATIONS AND HR RESOURCES. THE PROCESS DESCRIBED HERE WAS LAST COMPLETED IN 2023. FORM 990, PART VI, SECTION C, LINE 19 PUBLIC MAY REQUEST TO VIEW DOCUMENTS DURING REGULAR BUSINESS HOURS AT THE FOUNDATION'S PLACE OF BUSINESS. FORM 990, PART XII, LINE 2(C) THE ORGANIZATION DID NOT CHANGE THE OVERSIGHT POLICY FROM THE PREVIOUS YEAR.