2024-02-22T08:53:53-06:00 2023-06-30 200472826 BGM CPA LLC 7900 INTERNATIONAL DR STE 800 BLOOMINGTON MN 554251581 990 2022-07-01 411943149 HENNEPIN TECHNICAL COLLEGE FOUNDATION HENN 7634882426 9000 BROOKLYN BLVD BROOKLYN PARK MN 554452320 ALISON LEINTZ OFFICER 7634882426 2024-02-06 1 ALISON LEINTZ 999009999 0 JOHN BARGHINI P00055776 9528442500 2024-02-06 2 AAL1 IAL1 2022 2023-04-26 12:10:37Z MYRON MOSER 9000 BROOKLYN BLVD BROOKLYN PARK MN 554452320 1938154 0 X HTTPS://HENNEPINTECH.EDU/ADVANCEMENT/FOUNDATION X 1998 MN TO PROVIDE RESOURCES THAT SUPPORT CAREER AND TECHNICAL EDUCATION FOR EMPLOYMENT AND ADVANCEMENT IN AN EVER-CHANGING GLOBAL ENVIRONMENT. 12 12 0 0 0 0 1165634 1884995 0 0 6174 53159 0 0 1171808 1938154 1415406 1432269 0 0 0 0 0 0 5750 30934 375086 1446340 1807355 -274532 130799 2482365 2872932 8107 167541 2474258 2705391 TO PROVIDE RESOURCES THAT SUPPORT CAREER AND TECHNICAL EDUCATION FOR EMPLOYMENT AND ADVANCEMENT IN AN EVER-CHANGING GLOBAL ENVIRONMENT. 0 0 1202495 907692 COLLEGE: COLLEGE EDUCATIONAL SUPPORT EXPENDITURES 524577 524577 SCHOLARSHIPS AND GRANTS: PROVIDE SCHOLARSHIPS AND GRANTS TO STUDENTS 1727072 1 1 0 0 0 0 0 0 0 1 0 1 0 0 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 12 12 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 0 0 0 MN X ALISON LEINTZ 7634882426 9000 BROOKLYN BLVD BROOKLYN PARK MN 554452320 X MYRON MOSER BOARD CHAIR 3.00 X X 0 0 0 LARRY HRUBY TREASURER 3.00 X X 0 0 0 PATRICIA ANDERSEN VICE CHAIR 3.00 X X 0 0 0 MITCHELL DEJONG DIRECTOR 3.00 X 0 0 0 TIM FARLEY DIRECTOR 3.00 X 0 0 0 JUDY FESENMAIER DIRECTOR 3.00 X 0 0 0 STEPHANIE BURRAGE DIRECTOR 3.00 X 0 0 0 SATASHA GREEN-STEPHEN DIRECTOR 3.00 X 0 0 0 BAILEY RUONA DIRECTOR 3.00 X 0 0 0 BRAD THORPE DIRECTOR 3.00 X 0 0 0 ANNETTE LUND DIRECTOR 3.00 X 0 0 0 ERNIE PARKER DIRECTOR 3.00 X 0 0 0 0 0 0 0 0 0 0 0 1884995 907692 1884995 53159 53159 1938154 0 0 53159 907692 907692 524577 524577 62803 62803 6104 6104 1249 1249 PROGRAM EXPENSES 293826 290227 3599 EVENT EXPENSES 5750 5750 MISCELLANEOUS EXPENSE 4576 4576 0 BANK FEES 778 778 1807355 1727072 74533 5750 72776 9475 580358 241930 25000 3474 3474 1825757 1766019 777034 0 50000 2482365 2872932 8107 167541 8107 167541 X 259354 55262 2214904 2650129 2474258 2705391 2482365 2872932 130799 100334 0 X X 0 1 X 1 0 X 1372901 1368450 927546 1165634 1884995 6719526 1372901 1368450 927546 1165634 1884995 6719526 1586019 5133507 28502 40875 24480 6174 53159 153190 6872716 0.74690 0.76930 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 1374724 16250 98326 104251 1385049 1590665 11000 -202289 24652 1374724 1328463 43350 245899 27047 1590665 1383601 -31638 23500 1328463 1362436 12773 35415 27023 1383601 0.17520 0.41620 0.40870 1 0 0 GOVERNMENT BONDS 223534 C TREASURY OBILIGATIONS 553500 C 777034 PAYABLE TO HENNEPIN TECHNICAL COLLEGE 167541 167541 X 2219543 100334 181055 281389 1938154 0 1938154 1988410 181055 181055 1807355 0 1807355 PART X, LINE 2: THE FOUNDATION QUALIFIES AS A TAX-EXEMPT ORGANIZATION UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE AND THE COMPARABLE SECTION OF THE MINNESOTA INCOME TAX STATUTES. IT HAS BEEN CLASSIFIED AS AN ORGANIZATION THAT IS NOT A PRIVATE FOUNDATION UNDER THE INTERNAL REVENUE CODE AND CONTRIBUTIONS BY DONORS ARE TAX DEDUCTIBLE. DURING THE YEAR ENDED JUNE 30, 2023, THE FOUNDATION HAD NO UNRELATED BUSINESS INCOME. THE FINANCIAL ACCOUNTING STANDARDS BOARD ISSUED GUIDANCE ON ACCOUNTING FOR UNCERTAINTY IN INCOME TAXES. MANAGEMENT EVALUATED THE COMMUNITY'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 PROVISION OF THIS GUIDANCE. THE FOUNDATION IS NO LONGER SUBJECT TO INCOME TAX EXAMINATIONS BY THE U.S. FEDERAL, STATE, OR LOCAL TAX AUTHORITIES FOR YEARS BEFORE 2018. INTEREST AND PENALTIES ARE CLASSIFIED AS EXPENSE AS INCURRED. PART V, LINE 4: THE FOUNDATION'S ENDOWMENTS FUNDS ARE INTENDED TO SUPPORT THE FOUNDATION'S MISSION OF PROVIDING RESOURCES THAT SUPPORT CAREER AND TECHNICAL EDUCATION TO HELP CURRENT AND FUTURE STUDENTS LEARN, THRIVE AND SUCCEED. 0 HENNEPIN TECHNICAL COLLEGE 9000 BROOKLYN BLVD BROOKLYN PARK MN 55445 411943149 GOVT ENTITY 0 907692 ESTIMATED FMV EQUIPMENT, TOOLS, SUPPLIES, VEHICLES ASSIST WITH EDUCATION 1 SCHOLARSHIPS 235 524577 PART I, LINE 2 SCHOLARSHIPS ARE AVAILABLE TO STUDENTS WITHIN A PROGRAM WITH A CERTAIN GRADE POINT AVERAGE OR THAT MEET OTHER SPECIFIC CRITERIA. HENNEPIN TECHNICAL COLLEGE ADVANCEMENT STAFF REVIEW THE SCHOLARSHIP APPLICATIONS SUBMITTED BY STUDENTS AND SELECT THE TOP QUALIFIER BASED ON THE SPECIFIC CRITERIA. SCHOLARSHIPS ARE AWARDED BASED ON BOARD APPROVAL. X 2 2000 FMV X MATERIALS/SUPPLIES FOR COLLEGE PROGRAM 27 750064 FMV X EQUIPMENT FOR COLLEGE PROGRAM 13 155628 FMV 0 1 0 FORM 990, PART VI, SECTION B, LINE 11B THE 990 IS REVIEWED AT A REGULARLY SCHEDULED FULL BOARD MEETING, AS WELL AS DURING THE AUDIT, FINANCE AND INVESTMENT COMMITTEE MEETING OCCURRING SOONEST TO THE RELEASE OF THE FORM 990. BOARD MEMBERS ARE PROVIDED WITH PERTINENT INFORMATION ABOUT THE 990 IN THE BOARD PACKET. FORM 990, PART VI, SECTION B, LINE 12C THE [BOARD OR DULY CONSTITUTED COMMITTEE THEREOF] SHALL DETERMINE WHETHER A CONFLICT EXISTS AND IN THE CASE OF AN EXISTING CONFLICT, WHETHER THE CONTEMPLATED TRANSACTION MAY BE AUTHORIZED AS JUST, FAIR, AND IN THE BEST INTERESTS OF THE HENNEPIN TECHNICAL COLLEGE FOUNDATION. THE DECISION OF THE [BOARD OR DULY CONSTITUTED COMMITTEE THEREOF] ON THESE MATTERS WILL REST IN THEIR SOLE DISCRETION, AND THEIR CONCERN MUST BE THE WELFARE OF THE HENNEPIN TECHNICAL COLLEGE FOUNDATION AND THE ADVANCEMENT OF ITS PURPOSE. THE PERSON WHO HAS A CONFLICT OF INTEREST WITH RESPECT TO A CONTRACT OR TRANSACTION THAT WILL BE VOTED ON AT A MEETING SHALL NOT BE COUNTED IN DETERMINING THE PRESENCE OF A QUORUM FOR PURPOSES OF THE VOTE. THE PERSON HAVING A CONFLICT OF INTEREST MAY NOT VOTE ON THE CONTRACT OR TRANSACTION AND SHALL NOT BE PRESENT IN THE MEETING ROOM WHEN THE VOTE IS TAKEN, UNLESS THE VOTE IS BY SECRET BALLOT. SUCH PERSON'S INELIGIBILITY TO VOTE SHALL BE REFLECTED IN THE MINUTES OF THE MEETING. FOR PURPOSES OF THIS PARAGRAPH, A MEMBER OF THE BOARD OF DIRECTORS OF HENNEPIN TECHNICAL COLLEGE FOUNDATION HAS A CONFLICT OF INTEREST WHEN HE OR SHE STANDS FOR ELECTION AS AN OFFICER OR FOR RE-ELECTION AS A MEMBER OF THE BOARD OF DIRECTORS. FORM 990, PART VI, SECTION C, LINE 19 THE FOUNDATION MAKES ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC UPON REQUEST. FORM 990, PART XII, LINE 2C: THERE HAS BEEN NO CHANGES TO THE PROCESS. HENNEPIN TECHNICAL COLLEGE 9000 BROOKLYN BOULEVARD BROOKLYN PARK MN 55445 COLLEGE MN GOVERNMENT ENTITY N/A 0 0 1 0 0 0 0 0 0 0 0 0 0 0 1 1 0 0 0 0 HENNEPIN TECHNICAL COLLEGE B 907692 ESTIMATED FMV HENNEPIN TECHNICAL COLLEGE O 181055 ESTIMATED FMV