Nonprofit · EIN 41-1288502
THE MINNEAPOLIS COMMUNITY AND TECHNICAL COLLEGE FOUNDATION INC
Tax-exempt · MINNEAPOLIS, MN 55403
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| June 30, 2025 | 990 | $2,028,743 | $1,179,271 | $849,472 | $10,448,112 | $1,841,878 | $8,606,234 |
| June 30, 2024 | 990 | $1,021,916 | $1,116,850 | -$94,934 | $7,560,431 | $2,155 | $7,558,276 |
| June 30, 2023 | 990 | $1,180,597 | $1,376,684 | -$196,087 | $7,159,814 | $87,304 | $7,072,510 |
Financial details: 990 for the year ended June 30, 2025
Revenue
- Contributions, gifts and grants
- $1,396,787
- of which government grants
- $15,000
- Program service revenue
- $0
- Investment income
- $631,956
- Net gain from sales of assets
- $441,925
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $1,038,285
- Salaries, compensation and benefits (total)
- $0
- Professional fundraising fees
- $0
- Accounting fees
- $56,540
- Program services (functional)
- $1,038,785
- Management and general (functional)
- $118,368
- Fundraising (functional)
- $22,118
Balance sheet and other
- Total assets, start of year
- $7,560,431
- Total assets, end of year
- $10,448,112
- Total liabilities, end of year
- $1,841,878
- Net assets, end of year
- $8,606,234
- Publicly traded securities
- $9,800,078
- Net assets without donor restrictions
- $1,798,237
- Net assets with donor restrictions
- $6,807,997
- Gross receipts
- $2,227,019
- Employees
- 0
- Volunteers
- 48
- Year formed
- 1977
- State of legal domicile
- MN
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990 for the year ended June 30, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation | From related orgs | Other / benefits |
|---|---|---|---|---|---|
| BEVERLY WADSWORTH | FOUNDATION DIRECTOR THRU MAR 2025 Officer | 40 | $0 | $109,536 | $6,729 |
| STEPHANIE HAMMES-BETTI | PRESIDENT Trustee or director, Officer | 1.54 | $0 | $0 | $0 |
| CHUCK MALKERSON | BOARD MEMBER Trustee or director | 1.92 | $0 | $0 | $0 |
| RAMONA HARRISTHAL | SECRETARY Trustee or director, Officer | 1.98 | $0 | $0 | $0 |
| JAMAL JAMES | BOARD MEMBER Trustee or director | 0.04 | $0 | $0 | $0 |
| PETER MCLAUGHLIN | BOARD MEMBER Trustee or director | 0.58 | $0 | $0 | $0 |
| RACHEL JOHNSON | VICE PRESIDENT Trustee or director, Officer | 0.67 | $0 | $0 | $0 |
| LINDA SATORIUS | BOARD MEMBER Trustee or director | 0.77 | $0 | $0 | $0 |
| PETE MATHIESON | TREASURER Trustee or director, Officer | 0.96 | $0 | $0 | $0 |
| MICHAEL DORSEY | BOARD MEMBER Trustee or director | 0.68 | $0 | $0 | $0 |
| CALVIN STEWART | BOARD MEMBER Trustee or director | 0.48 | $0 | $0 | $0 |
| CAROLYN HALL II | BOARD MEMBER Trustee or director | 1.92 | $0 | $0 | $0 |
| FAITH ROSS | FOUNDATION DIRECTOR BEG MAY 2025 Officer | 40 | $0 | $0 | $0 |
990 for the year ended June 30, 2024: 13 people
| Name | Title | Hours / week | Compensation | From related orgs | Other / benefits |
|---|---|---|---|---|---|
| BEVERLY WADSWORTH | FOUNDATION DIRECTOR Officer | 40 | $0 | $83,567 | $21,328 |
| STEPHANIE HAMMES-BETTI | PRESIDENT Trustee or director, Officer | 2.77 | $0 | $0 | $0 |
| CHUCK MALKERSON | BOARD MEMBER Trustee or director | 1.9 | $0 | $0 | $0 |
| RAMONA HARRISTHAL | BOARD MEMBER Trustee or director | 1.3 | $0 | $0 | $0 |
| MARC JENSEN | VICE PRESIDENT Trustee or director, Officer | 0.5 | $0 | $0 | $0 |
| JAMAL JAMES | BOARD MEMBER Trustee or director | 0.5 | $0 | $0 | $0 |
| PETER MCLAUGHLIN | BOARD MEMBER Trustee or director | 0.6 | $0 | $0 | $0 |
| RACHEL JOHNSON | BOARD MEMBER Trustee or director | 0.5 | $0 | $0 | $0 |
| LINDA SATORIUS | BOARD MEMBER Trustee or director | 0.69 | $0 | $0 | $0 |
| PETE MATHIESON | TREASURER Trustee or director, Officer | 0.6 | $0 | $0 | $0 |
| MICHAEL DORSEY | BOARD MEMBER Trustee or director | 1 | $0 | $0 | $0 |
| CALVIN STEWART | BOARD MEMBER Trustee or director | 0.96 | $0 | $0 | $0 |
| CAROLYN HALL II | BOARD MEMBER Trustee or director | 1.08 | $0 | $0 | $0 |
990 for the year ended June 30, 2023: 14 people
| Name | Title | Hours / week | Compensation | From related orgs | Other / benefits |
|---|---|---|---|---|---|
| BEVERLY WADSWORTH | FOUNDATION DIRECTOR Officer | 40 | $0 | $83,567 | $22,276 |
| STEPHANIE HAMMES-BETTI | PRESIDENT Trustee or director, Officer | 2.77 | $0 | $0 | $0 |
| KRISTIN HOUGH FRAME | TREASURER Trustee or director, Officer | 0.52 | $0 | $0 | $0 |
| MADDY RYAN | SECRETARY Trustee or director, Officer | 0.46 | $0 | $0 | $0 |
| RAMONA HARRISTHAL | BOARD MEMBER Trustee or director | 2.33 | $0 | $0 | $0 |
| MARC JENSEN | VICE PRESIDENT Trustee or director, Officer | 0.46 | $0 | $0 | $0 |
| JAMAL JAMES | BOARD MEMBER Trustee or director | 0.46 | $0 | $0 | $0 |
| PETER MCLAUGHLIN | BOARD MEMBER Trustee or director | 1.15 | $0 | $0 | $0 |
| BOB ERICKSON | BOARD MEMBER Trustee or director | 0.35 | $0 | $0 | $0 |
| RACHEL JOHNSON | BOARD MEMBER Trustee or director | 0.46 | $0 | $0 | $0 |
| LINDA SATORIUS | BOARD MEMBER Trustee or director | 0.92 | $0 | $0 | $0 |
| PETE MATHIESON | BOARD MEMBER Trustee or director | 1 | $0 | $0 | $0 |
| MICHAEL DORSEY | BOARD MEMBER FROM 12/15/22 Trustee or director | 0.53 | $0 | $0 | $0 |
| CALVIN STEWART | BOARD MEMBER FROM 4/20/23 Trustee or director | 0.1 | $0 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- 1501 HENNEPIN AVE, MINNEAPOLIS, MN 55403-1710
- In care of
- % AMY MCCARTHY
- Principal officer (990 for 2024)
- STEPHANIE HAMMES-BETTI, 1501 HENNEPIN AVE, MINNEAPOLIS, MN 55403
- Signed the 990
- STEPHANIE HAMMES-BETTI, PRESIDENT
- Phone
- (612) 964-0527
- Return prepared by
- SDK CPA
Mission
THE MINNEAPOLIS COMMUNITY & TECHNICAL COLLEGE FOUNDATION HELPS SOLVE ISSUES OF AFFORDABILITY AND ACCESS TO HIGHER EDUCATION THROUGH FUNDS AND PROVIDES PART OR ALL OF THE FUNDING TO THE COLLEGE TO DEVELOP TECHNICAL COLLEGE FOUNDATION MINNEAPOLIS (CONTINUED ON SCHEDULE O) (CONTINUED FROM PAGE 2) COMMUNITY & SCHOLARSHIPS AND INITIATIVES THAT SUPPORT STUDENTS, ENHANCE THE READINESS OF OUR WORKFORCE AND SUPPORT THE STRATEGIC PRIORITIES OF THE COLLEGE.
Program accomplishments
- THE FOUNDATION DOES NOT ADMINISTER ANY PROGRAMS. HOWEVER, THEY RAISE FUNDS AND PROVIDE PART OR ALL OF THE FUNDING TO THE COLLEGE TO DEVELOP AND ADMINISTER SPECIFIC PROGRAMS, INITIATIVES AND SCHOLARSHIPS.Expenses $1,038,785 · grants $1,038,285
What it must file and when
IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in June, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | June 30, 2026 | November 16, 2026 | Not due yet |
| 2024 | June 30, 2025 | November 17, 2025 | 990 on file |
| 2023 | June 30, 2024 | November 15, 2024 | 990 on file |
IRS record
- EIN
- 41-1288502
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Organization supporting a government college or university
- Donations deductible (Pub 78)
- Public charity, 50% deduction limit
- Exempt since
- 1977
- Accounting year ends
- June
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Education (B19)
- Assets (IRS master file)
- $10,448,112
- Income (IRS master file)
- $2,227,019
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | June 2025 | $2,028,743 | $1,179,271 | $10,448,112 | XML |
| 990 | June 2024 | $1,021,916 | $1,116,850 | $7,560,431 | XML |
| 990 | June 2023 | $1,180,597 | $1,376,684 | $7,159,814 | XML |
| 990 | June 2022 | $2,330,993 | $1,251,459 | $7,090,729 | IRS |
| 990 | June 2021 | – | – | – | IRS |
| 990 | June 2020 | – | – | – | IRS |
| 990 | June 2019 | – | – | – | IRS |
| 990 | June 2018 | – | – | – | IRS |
990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 41-1288502).
Questions about THE MINNEAPOLIS COMMUNITY AND TECHNICAL COLLEGE FOUNDATION INC
- What is the EIN of THE MINNEAPOLIS COMMUNITY AND TECHNICAL COLLEGE FOUNDATION INC?
- The employer identification number (EIN) of THE MINNEAPOLIS COMMUNITY AND TECHNICAL COLLEGE FOUNDATION INC is 41-1288502.
- Is THE MINNEAPOLIS COMMUNITY AND TECHNICAL COLLEGE FOUNDATION INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1977.
- Are donations to THE MINNEAPOLIS COMMUNITY AND TECHNICAL COLLEGE FOUNDATION INC tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does THE MINNEAPOLIS COMMUNITY AND TECHNICAL COLLEGE FOUNDATION INC file?
- Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
- When is the next return of THE MINNEAPOLIS COMMUNITY AND TECHNICAL COLLEGE FOUNDATION INC due?
- The return for tax year 2025 (the year ending June 30, 2026) is due November 16, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did THE MINNEAPOLIS COMMUNITY AND TECHNICAL COLLEGE FOUNDATION INC last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended June 2025.
- Who is the principal officer of THE MINNEAPOLIS COMMUNITY AND TECHNICAL COLLEGE FOUNDATION INC?
- The 990 for the year ended June 30, 2025 names STEPHANIE HAMMES-BETTI.
- Who are the officers and directors of THE MINNEAPOLIS COMMUNITY AND TECHNICAL COLLEGE FOUNDATION INC?
- The 990 for the year ended June 30, 2025 lists 13 people; 0 received compensation from the organization.
- How much revenue does THE MINNEAPOLIS COMMUNITY AND TECHNICAL COLLEGE FOUNDATION INC have?
- On its 990 for the year ended June 30, 2025 it reported revenue of $2,028,743, expenses of $1,179,271 and total assets of $10,448,112 at year end.
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