2025-07-17T15:43:33-05:00 2024-12-31 410746749 CLIFTONLARSONALLEN LLP 220 S 6TH STREET SUITE 300 MINNEAPOLIS MN 55402 990 2024-01-01 411440301 MINNESOTA TECHNOLOGY ASSOCIATION MINN 9522304555 7760 FRANCE AVE S SUITE 1010B MINNEAPOLIS MN 55435 JOEL CRANDALL PRESIDENT & CEO 9522304555 2025-07-16 1 0 HEIDI TATRO P01591796 6123764500 2025-07-16 2024 2025-03-06 01:10:19Z JEFF TOLLEFSON 7760 FRANCE AVE S SUITE 1010B MINNEAPOLIS MN 55435 2425062 0 X WWW.MNTECH.ORG X 1982 MN TO BUILD A MORE VIBRANT, INNOVATIVE, AND INCLUSIVE TECHNOLOGY ECOSYSTEM IN MINNESOTA. 36 35 9 45 0 0 86857 10330 2329899 2386169 22920 23013 5325 5550 2445001 2425062 548254 551948 0 0 1106723 1057625 0 0 0 731240 707350 2386217 2316923 58784 108139 787026 1045832 351922 502589 435104 543243 X MINNESOTA TECHNOLOGY ASSOCIATION'S MISSION IS TO BUILD A MORE VIBRANT, INNOVATIVE, AND INCLUSIVE TECHNOLOGY ECOSYSTEM IN MINNESOTA BY ENABLING THE CONNECTIONS, PUBLIC POLICIES, AND PARTNERSHIPS NEEDED TO HELP OUR TECH COMMUNITY THRIVE. 0 0 THE SCITECH INTERNSHIP PROGRAM ASSISTS STUDENTS AND COMPANIES STUDYING OR WORKING IN KEY AREAS OF SCIENCE AND TECHNOLOGY, ENGINEERING AND MATH RELATING TO KEY INDUSTRY FOCUS AREAS. DURING 2023-2024, THE PROGRAM HAD THE FOLLOWING RESULTS:-1518 STUDENT APPLICANTS-198 COMPANY APPLICANTS-255 STUDENT INTERNS HIRED WITH 193 METRO PLACEMENTS AND 62 GREATER MINNESOTA PLACEMENTS MINNESOTA'S TECHNOLOGY-DRIVEN COMPANIES ACHIEVE THE GREATEST SUCCESS WHEN THEY HAVE ACCESS TO EXCEPTIONAL TALENT, DEDICATED PUBLIC POLICY ADVOCATES, AND ARE PART OF AN INNOVATIVE, INCLUSIVE TECHNOLOGY COMMUNITY. THE MINNESOTA TECHNOLOGY ASSOCIATION NURTURES EACH OF THESE ATTRIBUTES WITHIN OUR STATE, ENABLING MINNESOTA TECHNOLOGY-DRIVEN BUSINESSES, PROFESSIONALS, AND COMMUNITIES TO THRIVE. THE MINNESOTA TECHNOLOGY ASSOCIATION CREATES MEANINGFUL CONNECTIONS AND CAREER ADVANCEMENT THROUGH IT'S RESPECTED PROGRAMS, EDUCATIONAL OPPORTUNITIES, AND NETWORKING EVENTS. THE ASSOCIATION RUNS INTERNSHIP PROGRAMS TO ASSIST STUDENTS IN THE STEM FIELD FIND MEANINGFUL WORK, AND TO DRIVE MINNESOTA'S STEM WORKFORCE DEVELOPMENT. THE MINNESOTA TECHNOLOGY ASSOCIATION ALSO LEADS IN ADVANCING TECH-RELATED PUBLIC POLICY ISSUES TO MINNESOTA'S STATE LEGISLATURE AND SERVES AS THE LOCAL AFFILIATE OF TECNA, THE TECHNOLOGY COUNCILS OF NORTH AMERICA. OUR MEMBERSHIP BASE INCLUDES COMPANIES THAT WORK THE SPECTRUM OF TECHNOLOGY, FROM IT, ADVANCED MANUFACTURING, LIFE SCIENCES, FINTECH, AGTECH, CLEANTECH, AND EDUTECH, AND RANGE FROM LONG-ESTABLISHED CORPORATIONS TO SMALL AND GROWING STARTUPS. THE MINNESOTA TECHNOLOGY ASSOCIATION'S MISSION IS TO ACCELERATE GROWTH, INNOVATION, AND THE DEVELOPMENT OF A STRONG, INCLUSIVE TECH ECOSYSTEM IN MINNESOTA. 0 1 0 1 0 0 0 0 0 1 0 0 1 1 1 1 0 0 0 0 0 0 0 0 0 0 1 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 22 0 1 9 1 0 0 0 0 0 0 0 0 0 0 X 36 35 0 0 0 0 1 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 X LONNI RANALLO 9522304555 7760 FRANCE AVENUE SOUTH BLOOMINGTON MN 55435 JEFF TOLLEFSON PRESIDENT & CEO 40.00 X X 259381 0 34259 SRIDHAR KONERU BOARD CHAIR 2.00 X X 0 0 0 SARAH ENGSTROM VICE CHAIR 2.00 X X 0 0 0 MATTHEW RECK TREASURER 2.00 X X 0 0 0 DANIEL ABDUL DIRECTOR 2.00 X 0 0 0 DR SAMEER BADLANI DIRECTOR 2.00 X 0 0 0 MATTHEW BAILEY DIRECTOR 2.00 X 0 0 0 ANDY BINGENHEIMER DIRECTOR 2.00 X 0 0 0 TAWANNA BLACK DIRECTOR 2.00 X 0 0 0 KEVIN BOECKENSTEDT DIRECTOR 2.00 X 0 0 0 ANNA BOROFF DIRECTOR 2.00 X 0 0 0 ROBIN BROWN DIRECTOR 2.00 X 0 0 0 MARC CARLSON DIRECTOR 2.00 X 0 0 0 JULIE DURHAM DIRECTOR 2.00 X 0 0 0 LUCINDA DUTOIT DIRECTOR 2.00 X 0 0 0 CARY FELBAB DIRECTOR 2.00 X 0 0 0 AMY FISHER DIRECTOR 2.00 X 0 0 0 AMKA HODZIC DIRECTOR 2.00 X 0 0 0 CHRIS HOWE DIRECTOR 2.00 X 0 0 0 JOSH JABS DIRECTOR 2.00 X 0 0 0 TAMMYLYNNE JONAS DIRECTOR 2.00 X 0 0 0 JAKE KRINGS DIRECTOR 2.00 X 0 0 0 RACHEL LOCKETT DIRECTOR 2.00 X 0 0 0 CYRUS MORTON DIRECTOR 2.00 X 0 0 0 MARK MURPHY DIRECTOR 2.00 X 0 0 0 MEREDITH MURPHY DIRECTOR 2.00 X 0 0 0 HANY OMAR DIRECTOR 2.00 X 0 0 0 ANUDEEP PARHAR DIRECTOR 2.00 X 0 0 0 JAMES PEICHEL DIRECTOR 2.00 X 0 0 0 TIM PETERSON DIRECTOR 2.00 X 0 0 0 RAKHI PUROHIT DIRECTOR 2.00 X 0 0 0 CHRISTOPHER RENCE DIRECTOR 2.00 X 0 0 0 PJ RITTERS DIRECTOR 2.00 X 0 0 0 SARAH SEGER DIRECTOR 2.00 X 0 0 0 JAMIE THINGELSTAD DIRECTOR 2.00 X 0 0 0 BETH TSCHIDA DIRECTOR 2.00 X 0 0 0 SHARON KENNEDY VICKERS DIRECTOR 2.00 X 0 0 0 LONNI RANALLO VP OF FINANCE AND ADMINISTRATION 40.00 X 132969 0 23901 MOLLY DOYLE VP, COMMUNITY & MEMBER ENGAGEMENT 40.00 X 126797 0 16855 519147 0 75015 3 0 1 0 0 10330 10330 PROGRAM GRANTS 900099 938705 938705 EVENTS AND PROGRAMS 900099 883189 883189 MEMBERSHIP DUES 900099 564275 564275 2386169 23013 23013 MISCELLANEOUS INCOME 900099 5550 5550 5550 2425062 2386169 0 28563 551948 450510 465506 15919 64921 60769 20796 45600 53970 10900 35807 58579 428686 1086 4145 BANK CHARGES 26929 PUBLIC RELATIONS 11788 EQUIPMENT RENTAL 4682 DUES AND SUBSCRIPTIONS 4382 2316923 94156 77317 567576 693484 67844 88460 28500 13850 22204 18669 114752 110936 2246 3816 4500 150236 787026 1045832 145154 137409 206768 207444 0 157736 351922 502589 X 435104 543243 435104 543243 787026 1045832 108139 0 X 0 1 X 1 0 RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 0 0 564275 45600 45600 67413 -21813 114752 110936 3816 3816 RIGHT-OF-USE ASSET - FINANCE 14759 RIGHT-OF-USE ASSET - OPERATING 135477 150236 RELATED PARTY PAYABLE - DUE TO FOUNDATION 7500 LEASE LIABILITY - FINANCE 14854 LEASE LIABILITY - OPERATING 135382 157736 X 2468562 43500 43500 2425062 0 2425062 2360423 43500 43500 2316923 0 2316923 PART X, LINE 2: THE ASSOCIATION QUALIFIES AS A TAX-EXEMPT ORGANIZATION DESCRIBED IN SECTION 501(C)(6) AND IS NOT A PRIVATE FOUNDATION UNDER SECTION 509(A)(2) OF THE INTERNAL REVENUE CODE. AS SUCH, IT IS EXEMPT FROM FEDERAL UNEMPLOYMENT TAXES AND STATE OF MINNESOTA SALES TAX, BUT IS SUBJECT TO FEDERAL AND STATE INCOME TAXES ON NET UNRELATED BUSINESS INCOME. THE ASSOCIATION CURRENTLY HAS NO MATERIAL UNRELATED BUSINESS INCOME. THE ASSOCIATION 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 ASSOCIATION'S FINANCIAL STATEMENTS. THE ASSOCIATION FILES AS TAX-EXEMPT ORGANIZATIONS. 1 ALLIANT ENGINEERING 733 MARQUETTE AVE SUITE 7 MINNEAPOLIS MN 55402 411818046 12500 0 N/A N/A SCITECH WAGE SUPPORT ARCHITECT MCGLORY STUDIO LLC 1007 W BROADWAY AVE SUITE 103A MINNEAPOLIS MN 55411 822926105 12500 0 N/A N/A SCITECH WAGE SUPPORT ASTRIN BIOSCIENCES 800 WASHINGTON AV SE SUITE 201 MINNEAPOLIS MN 55414 844913363 11690 0 N/A N/A SCITECH WAGE SUPPORT ATIRIX MEDICAL SYSTEMS 10201 WAYZATA BLVD SUITE 310 MINNETONKA MN 55305 562446070 7500 0 N/A N/A SCITECH WAGE SUPPORT CHROMATIC 3D MATERIALS INC 684 MENDELSSOHN AVE N GOLDEN VALLEY MN 55427 814833786 7500 0 N/A N/A SCITECH WAGE SUPPORT CRYOSA LLC 2685 LONG LAKE ROAD ROSEVILLE MN 55113 831221183 7500 0 N/A N/A SCITECH WAGE SUPPORT ESCAPE CLIMBING 100 S OWASSO BLVD W LITTLE CANADA MN 55117 454540477 7500 0 N/A N/A SCITECH WAGE SUPPORT INVENSHURE 1015 GLENWOOD AVE MINNEAPOLIS MN 55405 900737396 7500 0 N/A N/A SCITECH WAGE SUPPORT ITASCA CONSULTING GROUP INC 111 THIRD AVE SOUTH SUITE 450 MINNEAPOLIS MN 55401 411961811 12500 0 N/A N/A SCITECH WAGE SUPPORT KAMP AUTOMATION 415 16TH AVE SE WASECA MN 56093 475653054 10000 0 N/A N/A SCITECH WAGE SUPPORT KLUGE DESIGN LLC 14150 NORTHDALE BLVD ROGERS MN 55374 411477590 10000 0 N/A N/A SCITECH WAGE SUPPORT MONTERIS MEDICAL 131 CHESHIRE LANE SUITE 100 MINNETONKA MN 55305 455586265 10000 0 N/A N/A SCITECH WAGE SUPPORT NEUROTYPE INC 4610 E LAKE ST 306 MINNEAPOLIS MN 55406 842185467 16918 0 N/A N/A SCITECH WAGE SUPPORT NUWELLIS 12988 VALLEY VIEW RD EDEN PRAIRIE MN 55344 680533453 7500 0 N/A N/A SCITECH WAGE SUPPORT PETTYS CONSULTING 2605 SPRUCE LANE MOORHEAD MN 56560 260126507 7500 0 N/A N/A SCITECH WAGE SUPPORT PRIMAL HEALTH LLC 1400 VAN BUREN STREET NE MINNEAPOLIS MN 55413 000000000 10079 0 N/A N/A SCITECH WAGE SUPPORT PUNCH THROUGH DESIGN LLC 212 3RD AVE N SUITE 310 MINNEAPOLIS MN 55401 270289633 10000 0 N/A N/A SCITECH WAGE SUPPORT RALCO NUTRITION 100 WEST COLLEGE DRIVVE SUITE 200 MARSHALL MN 56258 410978726 7500 0 N/A N/A SCITECH WAGE SUPPORT REDWIND RENEWABLES 8157 WATERSET CIR MINNETRISTA MN 55364 263631095 7500 0 N/A N/A SCITECH WAGE SUPPORT SAMBATEK LLC 12800 WHITEWATER DRIVE SUITE 300 MINNETONKA MN 55343 264801863 7500 0 N/A N/A SCITECH WAGE SUPPORT SCANLAN INTERNATIONAL INC ONE SCANLAN PLAZA ST PAUL MN 55107 410720907 10000 0 N/A N/A SCITECH WAGE SUPPORT SEZZLE 700 NICOLLET MALL SUITE 620 MINNEAPOLIS MN 55402 810971660 10000 0 N/A N/A SCITECH WAGE SUPPORT TLC MILLIMETERWAVE PRODUCTS INC 1411 WEST RIVER ROAD NORTH MINNEAPOLIS MN 55411 800882095 7500 0 N/A N/A SCITECH WAGE SUPPORT TRUNORTH AUTOMATION 6866 33RD ST N 130 OAKDALE MN 55128 871740685 7500 0 N/A N/A SCITECH WAGE SUPPORT UHL COMPANY 9065 ZACHARY LANE N MAPLE GROVE MN 55369 410740957 12500 0 N/A N/A SCITECH WAGE SUPPORT WANNER ENGINEERING INC 1204 CHESTNUT AVE MINNEAPOLIS MN 55403 411894196 7500 0 N/A N/A SCITECH WAGE SUPPORT CARBA INC 7561 CORPORATE WAY EDEN PRAIRIE MN 55344 880573900 7500 0 N/A N/A SCITECH WAGE SUPPORT PART I, LINE 2: MINNESOTA TECHNOLOGY ASSOCIATION ADMINISTERS SCITECH, AN INTERNSHIP PROGRAM OF THE STATE OF MINNESOTA ACTING THROUGH THE MINNESOTA DEPARTMENT OF EMPLOYMENT AND ECONOMIC DEVELOPMENT (DEED). APPLICANTS FUNDED THROUGH THE SCITECH INTERNSHIP PROGRAM WILL MEET AND ADHERE TO THE FOLLOWING REQUIREMENTS: TECHNOLOGY FOCUS AREAS: THE SCITECH INTERNSHIP PROGRAM ASSISTS STUDENTS AND COMPANIES STUDYING OR WORKING IN KEY AREAS OF SCIENCE AND TECHNOLOGY, ENGINEERING AND MATH RELATING TO THE FOLLOWING INDUSTRY FOCUS AREAS: AEROSPACE AND DEFENSE; AGRICULTURE, FOOD SCIENCE, FORESTRY; BIOTECHNOLOGY AND LIFE SCIENCES; FUELS, ENERGY, ENERGY MANAGEMENT; INFORMATION TECHNOLOGY/COMPUTER TECHNOLOGY; MINING, MATERIALS, MANUFACTURING AND PROCESSING. FURTHERMORE, THE DEED STATED FUNDING PREFERENCE WILL BE GIVEN TO COMPANIES INVOLVED WITHIN ONE OR MORE OF MINNESOTA'S KEY INDUSTRIES. SHOULD THEY BE SELECTED FOR FUNDING, APPLICANTS ARE TO BE AWARE OF THE PREFERRED TECHNOLOGY FOCUS AREAS AND KEY MINNESOTA INDUSTRIES WHEN FUNDING SCITECH INTERNSHIPS. INTERNSHIPS: INTERNSHIPS ARE CONSIDERED FOR AN UNDERGRADUATE JUNIOR OR SENIOR FROM A MINNESOTA FOUR-YEAR INSTITUTION OF HIGHER EDUCATION OR A SECOND-YEAR STUDENT AT A TWO-YEAR COMMUNITY OR TECHNICAL COLLEGE WORKING IN A PROFESSIONAL ENVIRONMENT ASSOCIATED WITH A DEFINED HIGH-TECH CATEGORY FOR A LIMITED PERIOD OF TIME OR A GRADUATE STUDENT. INTERNSHIPS ARE NORMALLY ALIGNED WITH SCHOOL TERMS OR VACATION PERIODS, TO EITHER GAIN SUFFICIENT PRACTICAL HANDS-ON WORK EXPERIENCE IN A HIGH-TECH CATEGORY POSITION TO ALLOW FOR CAREER DECISION MAKING OR PROVIDE HOST EMPLOYERS WITH REAL-TIME STATE-OF-THE-ART CATEGORY SKILLS TO ACCELERATE THEIR SHORT-TERM BUSINESS OBJECTIVES. TECHNOLOGY-BASED INTERNSHIPS FOR COLLEGE STUDENTS WORKING WITH A MINNESOTA COMPANY HAVING A PRINCIPAL PLACE OF BUSINESS IN MINNESOTA AND FEWER THAN 250 EMPLOYEES WORLDWIDE ARE TO BE SUPPORTED WITH SCITECH FUNDS. ELIGIBLE INTERNSHIPS MUST OFFER AT LEAST TEN WEEKS OF FULL-TIME EMPLOYMENT OR TWENTY WEEKS OF PART-TIME EMPLOYMENT DURING ANY CALENDAR YEAR. A COMPANY MAY RECEIVE AN INTERNSHIP GRANT FOR ONE YEAR FOR AN INDIVIDUAL STUDENT ENROLLED IN A FOUR-YEAR DEGREE PROGRAM, A TWO-YEAR DEGREE AT A COMMUNITY OR TECHNICAL COLLEGE, OR A GRADUATE DEGREE PROGRAM. STUDENTS: ELIGIBLE SCITECH STUDENTS MUST BE MINNESOTA RESIDENTS OR A STUDENT LIVING IN AND ATTENDING A MINNESOTA INSTITUTION OF HIGHER EDUCATION IN GOOD ACADEMIC STANDING (2.5 GPA OR ABOVE). STUDENTS MUST ALSO BE CURRENTLY REGISTERED AS A SECOND-YEAR TECHNICAL OR COMMUNITY COLLEGE STUDENT; A JUNIOR OR SENIOR AT A FOUR-YEAR INSTITUTION, OR A CURRENT GRADUATE STUDENT, BASED ON CREDITS COMPLETED, IN A SCIENCE, MATH, ENGINEERING OR HIGH-TECH DEGREE. HIGH-TECH CURRICULA INCLUDE ALL DEGREE PROGRAMS IN THE PHYSICAL, BIOLOGICAL, AND AGRICULTURAL SCIENCES AS WELL AS ENGINEERING, COMPUTER SCIENCE, AND MATHEMATICS. STUDENTS MUST BE AT LEAST EIGHTEEN YEARS OF AGE WHEN THE INTERNSHIP BEGINS. STUDENTS WHO ARE MINNESOTA RESIDENTS ATTENDING OUT-OF-STATE HIGHER EDUCATION INSTITUTIONS AND ENROLLED IN ELIGIBLE FIELDS OF STUDY MAY QUALIFY FOR THE SCITECH INTERNSHIP PROGRAM. ELIGIBLE COMPANIES: COMPANIES ELIGIBLE TO PARTICIPATE IN THE SCITECH INTERNSHIP PROGRAM MUST HAVE FEWER THAN 250 EMPLOYEES WORLDWIDE, BE REGISTERED TO DO BUSINESS IN MINNESOTA AND HAVE A PRINCIPAL PLACE OF BUSINESS IN MINNESOTA AT WHICH A QUALIFYING INTERNSHIP WILL BE CONDUCTED. COMPANIES MUST PROVIDE VALID HIGH-TECH GROWTH-ORIENTED INTERNSHIPS IN THE SCIENCE AND TECHNOLOGY FOCUS AREAS AS NOTED ABOVE. COMPANIES SPONSORING ELIGIBLE INTERNSHIPS WILL BE PROVIDED A 50% WAGE REIMBURSEMENT OF UP TO $2,500 FOR ONE YEAR FOR EACH ELIGIBLE INTERNSHIP, FULL- OR PART-TIME, OPPORTUNITY. THE MAXIMUM NUMBER OF INTERNSHIPS PER COMPANY PER YEAR IS TEN. INTERNSHIP GRANT FUNDS MUST BE MATCHED WITH PRIVATE FUNDS ON A ONE-TO-ONE CASH BASIS, WHICH COULD EQUATE TO $2,500 IN EARNINGS OVER THE ONE-YEAR FOR A STUDENT INTERN. COMPANIES PARTICIPATING IN THE SCITECH INTERNSHIP PROGRAM MAY USE ONE OR MORE THAN ONE INTERN TO FILL THE SAME POSITION OR PART-TIME INTERNSHIP ONLY UNDER THE FOLLOWING CIRCUMSTANCES: AN INTERN LEAVES THE PROGRAM FOR ANY REASON AND IS REPLACED BY THE COMPANY WITH ANOTHER ELIGIBLE STUDENT OR AN INTERN FAILS TO MEET THE STANDARDS OUTLINE IN THE JOB DESCRIPTION AND/OR EMPLOYMENT AGREEMENT AND IS REPLACED BY THE BUSINESS WITH ANOTHER ELIGIBLE STUDENT. DOCUMENTATION: COMPANIES SUPPORTING INTERNSHIPS THROUGH THE SCITECH INTERNSHIP PROGRAM WILL BE REQUIRED TO COMPLETE A REIMBURSEMENT FORM AND PROVIDE MN TECH WITH APPROVED TIMECARDS/PAYROLL SUMMARIES AND INTERNSHIP STATUS WITH EACH REIMBURSEMENT REQUEST; FOLLOW-UP REPORTING AS REQUESTED BY DEED; AND RETAIN ACCURATE INTERN EMPLOYMENT RECORDS FOR A PERIOD OF SIX YEARS AFTER COMPLETION OF THE SCITECH INTERNSHIP PROGRAM FUNDING FOR EACH INTERNSHIP. SURVEY: SCITECH STUDENT INTERNS AND COMPANIES WILL BE REQUIRED AS A CONDITION OF THEIR FUNDING THE COMPLETION OF A SURVEY. X X X X 0 0 0 JEFF TOLLEFSON PRESIDENT & CEO 217581 0 41800 0 0 0 12450 0 21809 0 293640 0 0 0 LONNI RANALLO VP OF FINANCE AND ADMINISTRATION 122969 0 10000 0 0 0 6000 0 17901 0 156870 0 0 0 FORM 990, PART III, LINE 4B MINNESOTA'S TECHNOLOGY-DRIVEN COMPANIES ACHIEVE THE GREATEST SUCCESS WHEN THEY HAVE ACCESS TO EXCEPTIONAL TALENT, DEDICATED PUBLIC POLICY ADVOCATES, AND ARE PART OF AN INNOVATIVE, INCLUSIVE TECHNOLOGY COMMUNITY. THE MINNESOTA TECHNOLOGY ASSOCIATION NURTURES EACH OF THESE ATTRIBUTES WITHIN OUR STATE, ENABLING MINNESOTA TECHNOLOGY-DRIVEN BUSINESSES, PROFESSIONALS, AND COMMUNITIES TO THRIVE. THE MINNESOTA TECHNOLOGY ASSOCIATION CREATES MEANINGFUL CONNECTIONS AND CAREER ADVANCEMENT THROUGH IT'S RESPECTED PROGRAMS, EDUCATIONAL OPPORTUNITIES, AND NETWORKING EVENTS. THE ASSOCIATION RUNS INTERNSHIP PROGRAMS TO ASSIST STUDENTS IN THE STEM FIELD FIND MEANINGFUL WORK, AND TO DRIVE MINNESOTA'S STEM WORKFORCE DEVELOPMENT. THE MINNESOTA TECHNOLOGY ASSOCIATION ALSO LEADS IN ADVANCING TECH-RELATED PUBLIC POLICY ISSUES TO MINNESOTA'S STATE LEGISLATURE AND SERVES AS THE LOCAL AFFILIATE OF TECNA, THE TECHNOLOGY COUNCILS OF NORTH AMERICA. OUR MEMBERSHIP BASE INCLUDES COMPANIES THAT WORK THE SPECTRUM OF TECHNOLOGY, FROM IT, ADVANCED MANUFACTURING, LIFE SCIENCES, FINTECH, AGTECH, CLEANTECH, AND EDUTECH, AND RANGE FROM LONG-ESTABLISHED CORPORATIONS TO SMALL AND GROWING STARTUPS. THE MINNESOTA TECHNOLOGY ASSOCIATION'S MISSION IS TO ACCELERATE GROWTH, INNOVATION, AND THE DEVELOPMENT OF A STRONG, INCLUSIVE TECH ECOSYSTEM IN MINNESOTA. FORM 990, PART VI, SECTION A, LINE 1A EXECUTIVE COMMITTEE: THE BOARD OF DIRECTORS SHALL ELECT AN EXECUTIVE COMMITTEE CONSISTING OF THE CHAIR OF THE BOARD, VICE CHAIR OF THE BOARD, SECRETARY, TREASURER AND NOT LESS THAN THREE OTHER DIRECTORS. THE CHAIR OF THE BOARD SHALL SERVE AS THE CHAIR OF THE EXECUTIVE COMMITTEE. THE IMMEDIATE PAST CHAIR AND THE PRESIDENT SHALL BE EX-OFFICIO MEMBERS. THE GOVERNANCE COMMITTEE SHALL MAKE AND REPORT THE NOMINATIONS FOR MEMBERS OF THE EXECUTIVE COMMITTEE AT THE FIRST MEETING OF THE BOARD FOLLOWING THE ANNUAL MEETING. THE EXECUTIVE COMMITTEE SHALL HAVE AND EXERCISE THE AUTHORITY OF THE BOARD IN THE MANAGEMENT OF THE BUSINESS OF THE ORGANIZATION. ANY SUCH EXECUTIVE COMMITTEE SHALL ACT ONLY IN THE INTERVAL BETWEEN MEETINGS OF THE BOARD, AND SHALL BE SUBJECT AT ALL TIMES TO THE CONTROL AND DIRECTION OF THE BOARD. THE EXECUTIVE COMMITTEE SHALL, BY MAJORITY VOTE, APPOINT THE CHAIRS OF ALL COMMITTEES OF THE BOARD EXCEPT ITSELF, WITH THE INPUT AND RECOMMENDATIONS OF THE PRESIDENT. SUCH COMMITTEE MAY MEET AT STATED TIMES OR ON NOTICE TO ALL GIVEN BY ANY OF THEIR OWN NUMBER. VACANCIES IN THE MEMBERSHIP OF THE EXECUTIVE COMMITTEE MAY BE FILLED BY THE BOARD OF DIRECTORS AT A REGULAR MEETING OR AT A SPECIAL MEETING CALLED FOR THAT PURPOSE. GOVERNANCE COMMITTEE: THE GOVERNANCE COMMITTEE SHALL BE A STANDING COMMITTEE OF THE BOARD AND BE COMPRISED OF MEMBERS OF THE BOARD WHO ARE ELECTED BY THE BOARD TO SERVE THEREON. THE GOVERNANCE COMMITTEE SHALL FROM TIME TO TIME MAKE RECOMMENDATIONS TO THE BOARD WITH SUGGESTIONS IT MAY HAVE ON THE EFFICIENT AND EFFECTIVE GOVERNANCE OF THE ORGANIZATION. THE GOVERNANCE COMMITTEE SHALL PROPOSE TO THE BOARD NOMINEES FOR OFFICERS, DIRECTORS OF THE ORGANIZATION, AND MEMBERS OF THE EXECUTIVE COMMITTEE IN ACCORDANCE WITH SECTIONS 3.3, 4.2, AND 5.1 OF THE BYLAWS. FORM 990, PART VI, SECTION A, LINE 6 MEMBERS: THE CORPORATION SHALL HAVE MEMBERS. THE BOARD OF DIRECTORS MAY FROM TIME TO TIME ESTABLISH CLASSES OF MEMBERSHIP. CURRENTLY, THERE ARE FOUR CATEGORIES OF MEMBERS: TECHNOLOGY PRODUCERS: EXAMPLES INCLUDE: MANUFACTURING, SOFTWARE ENGINEERING, TELECOM, DATACOM, AND CONSULTING. TECHNOLOGY APPLICATION USERS: EXAMPLES INCLUDE: SALES AND SERVICE ORGANIZATIONS, FINANCIAL INSTITUTIONS, UTILITIES, AND AGRICULTURAL PROCESSORS. ANCILLARY SERVICE FIRMS: EXAMPLES INCLUDE: ACCOUNTING, LEGAL, REAL ESTATE, AND OTHER PROFESSIONAL ADVISING ENTITIES NONPROFITS AND PUBLIC ENTITIES: EXAMPLES INCLUDE: ECONOMIC DEVELOPMENT ORGANIZATIONS, GOVERNMENT AGENCIES, AND EDUCATIONAL INSTITUTIONS 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. THE TREASURER AND EXECUTIVE COMMITTEE THEN REVIEW THE FORM 990 IN CONJUNCTION WITH THE ORGANIZATION'S AUDITED FINANCIAL STATEMENTS MAKING COMPARISONS FOR CONSISTENCY AND ACCURACY. 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 A CONFLICT OF INTEREST QUESTIONNAIRE IS GIVEN TO THE BOARD ANNUALLY AND BOARD MEMBERS DISCLOSE ANY POTENTIAL CONFLICTS OF INTEREST THAT MAY ARISE DURING THE YEAR TO THE BOARD CHAIR OR GOVERNANCE COMMITTEE. CONFLICT DETERMINATIONS AND RESTRICTIONS ON INTERESTED INDIVIDUALS ARE MADE ON A CASE-BY-CASE BASIS WITH ALL PROCEEDINGS RELATED TO POTENTIAL AND ACTUAL CONFLICTS DOCUMENTED IN THE MEETING MINUTES. A CONFLICT OF INTEREST OCCURS WHEN A PERSONAL INTEREST IS IN CONFLICT WITH, OR EVEN APPEARS TO BE IN CONFLICT WITH, THE BEST INTERESTS OF THE ORGANIZATION. THE CONFLICT OF INTEREST POLICY COVERS ALL BOARD MEMBERS AND EMPLOYEES OF THE ORGANIZATION. ALL POSSIBLE CONFLICTS OF INTEREST SHOULD BE BROUGHT TO THE ATTENTION OF THE BOARD CHAIR OR GOVERNANCE COMMITTEE. FORM 990, PART VI, SECTION B, LINE 15 THE BOARD CHAIR REVIEWS AND APPROVES CHANGES TO THE PRESIDENT/CEO SALARY AND SUBSTANTIATION OF THE PROCESS CONDUCTED BY THE EXECUTIVE COMMITTEE IS SIGNED BY BOTH THE BOARD CHAIR AND THE PRESIDENT/CEO AND RETAINED BY THE ORGANIZATION. THIS PROCESS WAS MOST RECENTLY UNDERTAKEN IN 2024 FOR THE PRESIDENT/CEO, JEFF TOLLEFSON. ANNUAL COMPENSATION PERCENTAGES ARE COMPARED ON AVERAGE. FORM 990, PART VI, SECTION C, LINE 18 THE FORM 990 AND 990T ARE AVAILABLE UPON REQUEST. THE FORM 1023 IS AVAILABLE UPON REQUEST. FORM 990, PART VI, SECTION C, LINE 19 THE ASSOCIATION MAKES ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC UPON REQUEST.