2025-10-03T12:22:51-05:00 2025-06-30 411535741 CASEY MENDEN FAUST & NELSON PA 7900 WEST 78TH STREET SUITE 450 EDINA MN 554392586 990 2024-07-01 411488605 DAKOTA COUNTY TECHNICAL COLLEGE FOUNDATION DAKO 6514238236 1300 145TH ST EAST ROSEMOUNT MN 55068 KIMBERLY SHAFF FOUNDATION EXECUTIVE OFFICER 6514238236 2025-10-03 0 0 SCOTT M CALLAHAN P00871234 9529467900 2025-10-01 2024 2025-03-06 01:10:19Z KIMBERLY SHAFF 815572 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. 12 12 0 76 0 0 793528 541778 0 0 53334 42030 0 4300 846862 588108 1004110 675811 0 0 0 0 0 0 8361 54593 80833 1058703 756644 -211841 -168536 7615309 8389737 1169942 1529131 6445367 6860606 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 433158 420708 PROVIDE ASSISTANCE TO STUDENTS THROUGH SCHOLARSHIPS 264228 255103 PROVIDE ASSISTANCE TO DCTC THROUGH PROGRAM EQUIPMENT AND OTHER DCTC PROGRAM SUPPORT 697386 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 12 12 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 0 0 0 MN X KIMBERLY SHAFF 6514238236 1300 145TH ST E ROSEMOUNT MN 55068 X STEPHEN ENGEL CHAIR 1.00 X X 0 0 0 KIRSTIN SERSLAND VICE CHAIR 1.00 X X 0 0 0 MIKE WESTERENG SECRETARY 1.00 X X 0 0 0 SCOTT KADRLIK TREASURER 1.00 X X 0 0 0 JEANNETTE APPOLD BOARD MEMBER 1.00 X 0 0 0 JOEL BAHMA BOARD MEMBER 1.00 X 0 0 0 JIM BJORKLUND BOARD MEMBER 1.00 X 0 0 0 MAGGIE BORER BOARD MEMBER 1.00 X 0 0 0 RYAN O'GARA BOARD MEMBER 1.00 X 0 0 0 JEFF SCHOENECKER BOARD MEMBER 1.00 X 0 0 0 DAN SJOLSETH BOARD MEMBER 1.00 X 0 0 0 BRANKO TAMBAH BOARD MEMBER 1.00 X 0 0 0 KIMBERLY ANNE SHAFF FOUNDATION EXECUTIVE DIRECTOR 20.00 20.00 X 0 129173 0 0 129173 0 0 0 0 0 0 541778 108846 541778 62798 62798 206696 227464 -20768 -20768 -20768 MISCELLANEOUS 900099 4300 4300 4300 588108 4300 0 42030 255103 255103 420708 420708 17726 17726 26239 26239 26210 13865 3984 8361 220 220 195 195 75 75 855 855 160 160 CAMPUS EVENTS 5858 5830 28 STUDENT LIFE 1809 1809 SERVICE CHARGES 991 991 DONOR RELATIONS 424 424 71 71 756644 697386 50897 8361 118654 80819 309236 313926 129000 102700 3387179 3789217 2526116 2598812 1145124 1504263 7615309 8389737 24818 24868 1145124 1504263 1169942 1529131 X 3645732 3683675 2799635 3176931 6445367 6860606 7615309 8389737 -168536 583775 0 X 0 1 X 1 0 X 559612 971344 1350133 793528 432932 4107549 559612 971344 1350133 793528 432932 4107549 4107549 116151 149282 77127 76698 15791 435049 4300 4300 4546898 0.90340 0.69240 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 2526116 195947 109038 14210 2598815 2470020 162164 106068 2526116 2043417 411000 120170 104567 2470020 2171791 25000 -75838 77536 2043417 1734372 510090 72671 2171791 0.17150 0.82850 1 0 0 BENEFICIAL INTEREST IN ASSETS HELD BY OTHERS 2598812 F 2598812 CASH - RESTRICTED, FISCAL AGENT 1504263 1504263 FISCAL AGENT PAYABLE 1504263 1504263 X 1334344 583775 188700 772475 561869 26239 26239 588108 919105 188700 188700 730405 26239 26239 756644 PART V, LINE 4: THE FOUNDATION'S ENDOWMENT FUNDS CONSIST OF THIRTY 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. PART X, LINE 2: 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. 1 DAKOTA COUNTY TECHNICAL COLLEGE 1300 145TH ST E ROSEMOUNT MN 55068 411687554 STATE OF MN 101347 0 PROGRAM SUPPORT DAKOTA COUNTY TECHNICAL COLLEGE 1300 145TH ST E ROSEMOUNT MN 55068 411687554 STATE OF MN 44910 108846 EQUIPMENT SCHOLARSHIPS 496 420708 FMV PART I, LINE 2 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 CONTRIBUTED SERVICES 12 161005 FMV X EQUIPMENT 10 112033 FMV X MISCELLANEOUS MANAGEMENT & GENERAL 1 24508 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 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 522055 CASH & FMV DAKOTA COUNTY TECHNICAL COLLEGE O 161005 FMC