2024-10-28T08:54:07-05:00 2023-12-31 410746749 CLIFTONLARSONALLEN LLP 220 S 6TH STREET SUITE 300 MINNEAPOLIS MN 55402 990 2023-01-01 363367684 MINNESOTA TECHNOLOGY FOUNDATION INC MINN 9522304555 7760 FRANCE AVE S 1010B MINNEAPOLIS MN 55435 JEFF TOLLEFSON PRESIDENT 9522304555 2024-10-25 1 0 HEIDI TATRO P01591796 6123764500 2024-10-25 2023 2024-10-15 13:58:12Z X JEFF TOLLEFSON 7760 FRANCE AVE S 1010B MINNEAPOLIS MN 55435 303864 0 X WWW.MNTECH.ORG X 1987 MN TO BUILD AND FOSTER A THRIVING STEM WORKFORCE IN MINNESOTA. 9 9 0 10 0 0 189790 285807 29940 18000 543 57 0 0 220273 303864 54121 8000 0 0 0 0 0 0 8847 442618 275921 496739 283921 -276466 19943 503211 477616 324908 279370 178303 198246 X THE MINNESOTA TECHNOLOGY FOUNDATION'S MISSION IS TO BUILD AND FOSTER A THRIVING STEM WORKFORCE IN MINNESOTA. 1 0 177538 0 18000 FISCAL AGENCY PROGRAMS:3M TWIST PROGRAM - THE FOUNDATION IS A FISCAL AGENT FOR AN EDUCATION PROGRAM SUPPORTED BY 3M. THE FOUNDATION PROCESSED PAYMENTS IN THE AMOUNT OF APPROXIMATELY $177,500 IN 2023 IN THIS PROGRAM AND THEY RECEIVED AN ANNUAL ADMINISTRATIVE FEE OF $18,000 IN 2023. 70774 0 0 MENTORING AND INTERNSHIPS AND OTHER PROGRAM ACTIVITIES:THE FOUNDATION IS ACTIVELY ENGAGED TO CREATE MENTORING EXPERIENCES AND RELATIONSHIPS WHICH CONNECT STUDENTS WITH EXPERIENCED PROFESSIONALS IN THE FIELDS OF SCIENCE, TECHNOLOGY, ENGINEERING AND MATH (STEM). IN 2023 SPECIAL PROJECTS ALSO INCLUDED STEM EXPERIENCE TOURS, CONNECTING STUDENTS WITH COMPANIES TO SHOW THEM WHAT A STEM CAREER MIGHT CONSIST OF. THE FOUNDATION WORKS WITH OUR PARTNERS AND MEMBERS IN THE BUSINESS COMMUNITY TO CREATE INTERNSHIPS FOR HIGHER EDUCATION STUDENTS IN THE STEM FIELDS. 8000 8000 0 SCHOLARSHIP PROGRAMS:THE FOUNDATION MANAGES SEVERAL SCHOLARSHIPS RELATED TO ITS PROGRAMS. SCHOLARSHIPS WERE AWARDED THROUGH THE ASPIRATIONS IN COMPUTING PROGRAM AND THE WOMEN LEADING IN TECHNOLOGY PROGRAM. BOTH PROGRAMS RAISED FUNDS THAT ARE MANAGED BY THE FOUNDATION FOR SCHOLARSHIPS TO COLLEGE WOMEN IN STEM DEGREE PROGRAMS AND ALSO NON-COLLEGE BOOTCAMPS THAT TRAIN WOMEN AND NON-BINARY STUDENTS IN VARIOUS STEM PROGRAM AREA'S. SCHOLARSHIPS ARE AWARDED BASED ON FUNDS RAISED. 0 0 0 THE ASPIRATIONS IN COMPUTING PROGRAM BEGAN IN THE FALL OF 2023 AT THE MINNESOTA TECHNOLOGY FOUNDATION. THE MINNESOTA ASPIRATIONS IN COMPUTING PROGRAM (MNAIC) EMPOWERS HIGH SCHOOL STUDENTS WHO IDENTIFY AS WOMEN, GENDERQUEER, OR NON-BINARY BY PROVIDING VARIOUS OPPORTUNITIES. THESE INCLUDE PRESTIGIOUS AWARDS, PAID INTERNSHIPS, MENTORSHIP PAIRINGS, JOB SHADOW EXPERIENCES, SCHOLARSHIPS, AND HANDS-ON LEARNING EXPERIENCES AIMED AT CULTIVATING TECHNICAL, ENTREPRENEURIAL, AND LEADERSHIP SKILLS. THE PROGRAM FOCUSES ON AMPLIFYING VOICES, BUILDING IDENTITY, REWARDING PERSISTENCE, AND RECOGNIZING FORTITUDE AS PARTICIPANTS ENHANCE THEIR PROFICIENCY IN TECHNOLOGY AND COMPUTING. SPECIFICALLY DESIGNED FOR STUDENTS IN 9TH-12TH GRADE, THE AWARD FOR ASPIRATIONS IN COMPUTING IS A KEY COMPONENT. THIS AWARD ACKNOWLEDGES AND CELEBRATES STUDENTS BASED ON THEIR DEMONSTRATED APTITUDE AND ASPIRATIONS. 0 0 0 256312 1 1 0 0 0 0 0 0 0 0 1 0 0 0 1 1 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 3 0 0 0 0 0 0 0 0 0 0 0 0 0 0 X 9 9 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 0 0 0 MN X LONNI RANALLO 9522304555 400 S 4TH ST MINNEAPOLIS MN 55435 X JEFF TOLLEFSON MTA PRESIDENT/CEO 2.00 X X 0 0 0 ANNE COFFEY BOARD CHAIR 4.00 X X 0 0 0 DOUGLAS CARVINAL BOARD SECRETARY 2.00 X X 0 0 0 RACHEL POLSON BOARD TREASURER 2.00 X X 0 0 0 JENNIFER HAUSCHILDT DIRECTOR 2.00 X 0 0 0 DAN MALONEY DIRECTOR 2.00 X 0 0 0 CHER MANOWSKI DIRECTOR 2.00 X 0 0 0 BRENDAN NOLAN DIRECTOR 2.00 X 0 0 0 JOEL CRANDALL MTA FOUNDATION EXEC DIRECTOR 2.00 X 0 0 0 0 0 0 0 0 0 0 0 285807 285807 ADMINISTRATIVE FEES 900099 18000 18000 18000 57 57 303864 18000 0 57 8000 8000 6450 6450 1739 1739 891 891 835 835 3M TWIST PROGRAM EXPENS 177538 177538 STEM PROJECTS 88468 70774 8847 8847 283921 256312 18762 8847 277918 477323 225000 0 293 293 2822 2822 0 0 503211 477616 324908 279370 324908 279370 X 115245 177638 63058 20608 178303 198246 503211 477616 19943 0 X X 1 X 0 1 0 X 334201 77153 374748 189790 285807 1261699 334201 77153 374748 189790 285807 1261699 611865 649834 958 1353 744 543 57 3655 1265354 126750 0.51360 0.52040 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 2822 2822 0 0 TWIST ACCOUNT - LIAB 279370 279370 X PART X, LINE 2: THE FOUNDATION IS EXEMPT FROM THE PAYMENT OF INCOME TAXES ON THEIR EXEMPT ACTIVITIES UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE, AND IS CLASSIFIED AS AN ORGANIZATION THAT IS NOT A PRIVATE FOUNDATION UNDER SECTION 509(A)(3) OF THE CODE. THE FOUNDATION HAS ADOPTED THE GUIDANCE IN THE INCOME TAX STANDARD REGARDING THE RECOGNITION AND MEASUREMENT OF UNCERTAIN TAX POSITIONS. THE ADOPTION OF THIS STANDARD HAD NO IMPACT ON THE FOUNDATION'S FINANCIAL STATEMENTS. THE FOUNDATION FILES AS A TAX-EXEMPT ORGANIZATION. 1 NAMED SCHOLARSHIPS 10 5000 MTA FOUNDATION SCHOLARSHIPS 1 3000 PART I, LINE 2: THE FOUNDATION HAS A SCORING RUBRIC SYSTEM TO MONITOR THE AWARDING OF SCHOLARSHIPS. SCHOLARSHIP FUNDS ARE DISBURSED DIRECTLY TO THE RECIPIENT'S SCHOOL FOR QUALIFIED TUITION AND EDUCATION EXPENSES. NO FORMAL MONITORING OF THE USE OF GRANT FUNDS IS REQUIRED. FORM 990, PART III, LINE 2 THE MNTECH FOUNDATION WAS THE NEW HOME OF THE ASPIRATIONS IN COMPUTING PROGRAM. THE MINNESOTA ASPIRATIONS IN COMPUTING PROGRAM (MNAIC) EMPOWERS HIGH SCHOOL STUDENTS WHO IDENTIFY AS WOMEN, GENDERQUEER, OR NON-BINARY BY PROVIDING VARIOUS OPPORTUNITIES. THESE INCLUDE PRESTIGIOUS AWARDS, PAID INTERNSHIPS, MENTORSHIP PAIRINGS, JOB SHADOW EXPERIENCES, SCHOLARSHIPS, AND HANDS-ON LEARNING EXPERIENCES AIMED AT CULTIVATING TECHNICAL, ENTREPRENEURIAL, AND LEADERSHIP SKILLS. THE PROGRAM FOCUSES ON AMPLIFYING VOICES, BUILDING IDENTITY, REWARDING PERSISTENCE, AND RECOGNIZING FORTITUDE AS PARTICIPANTS ENHANCE THEIR PROFICIENCY IN TECHNOLOGY AND COMPUTING. SPECIFICALLY DESIGNED FOR STUDENTS IN 9TH-12TH GRADE, THE AWARD FOR ASPIRATIONS IN COMPUTING IS A KEY COMPONENT. THIS AWARD ACKNOWLEDGES AND CELEBRATES STUDENTS BASED ON THEIR DEMONSTRATED APTITUDE AND ASPIRATIONS. FORM 990, PART VI, SECTION B, LINE 11B THE FORM 990 IS PREPARED BY THE ORGANIZATION'S PUBLIC ACCOUNTING FIRM BASED ON INFORMATION PROVIDED BY THE ORGANIZATION. ONCE THE DRAFT IS AVAILABLE, IT IS PROVIDED TO MANAGEMENT FOR THEIR REVIEW WITH ANY COMMENTS OR CORRECTIONS BEING INCORPORATED INTO THE FILING. A COMPLETE COPY OF THE 990 IS THEN PROVIDED TO ALL MEMBERS OF THE GOVERNING BODY BEFORE IT IS FILED. FORM 990, PART VI, SECTION B, LINE 12C THE FOUNDATION'S CONFLICT OF INTEREST POLICY, AS WRITTEN IN THE ORGANIZATION'S BYLAWS, IS CONSISTENTLY MONITORED AND ENFORCED THROUGH AN ANNUAL QUESTIONNAIRE IN WHICH OFFICERS, DIRECTORS OR MEMBERS OF A COMMITTEE BOARD AGREE TO DISCLOSE ANY EXISTING OR POTENTIAL CONFLICTS OF INTEREST. A CONTRACT WHERE THERE IS A POTENTIAL CONFLICT MAY BE APPROVED IF THE FOLLOWING PROCEDURES ARE OBSERVED: THE MATERIAL FACTS AS TO THE CONTRACT OR TRANSACTION AND AS TO THE DIRECTOR'S INTEREST ARE FULLY DISCLOSED OR KNOWN TO THE MEMBERS AND THE CONTRACT OR TRANSACTION IS APPROVED IN GOOD FAITH BY TWO-THIRDS OF THE MEMBERS ENTITLED TO VOTE, NOT COUNTING ANY VOTE THAT THE INTERESTED DIRECTOR MIGHT OTHERWISE HAVE, OR THE UNANIMOUS AFFIRMATIVE VOTE OF ALL MEMBERS, WHETHER OR NOT ENTITLED TO VOTE; THE MATERIAL FACTS AS TO THE CONTRACT OR TRANSACTION AND AS TO THE DIRECTOR'S INTEREST ARE FULLY DISCLOSED OR KNOWN TO THE BOARD OR A COMMITTEE, AND THE BOARD OR COMMITTEE AUTHORIZES, APPROVES, OR RATIFIES THE CONTRACT OR TRANSACTION IN GOOD FAITH BY A MAJORITY OF THE BOARD OR COMMITTEE, NOT COUNTING ANY VOTE THAT THE INTERESTED DIRECTOR MIGHT OTHERWISE HAVE, AND NOT COUNTING THE DIRECTOR IN DETERMINING THE PRESENCE OF A QUORUM. ALL PROCEEDINGS RELATED TO CONFLICTS OF INTEREST ARE DOCUMENTED IN THE MEETING MINUTES. TYPICALLY, THIS WOULD COME UP DURING A VOTE OF WHICH THE BOARD MEMBER WOULD STATE THEIR CONFLICT AND ABSTAIN FROM VOTING. FORM 990, PART VI, SECTION B, LINE 15 THE FOUNDATION DOES NOT COMPENSATE ITS OFFICERS OR MEMBERS. FORM 990, PART VI, SECTION C, LINE 18 THE FORM 1023 IS AVAILABLE UPON REQUEST. FORM 990, PART VI, SECTION C, LINE 19 THE FOUNDATION'S GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS ARE AVAILABLE TO THE PUBLIC UPON REQUEST. FORM 990, PART XII, LINE 2C: THE ORGANIZATION HAS NOT CHANGED ITS OVERSIGHT PROCESS SINCE THE PRIOR YEAR.