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EIN 38-1554664

Michigan Tech Fund

IRS 501(c) type
501(c)(3)
Num. employees
0
City
Houghton
State
Michigan
Year formed
1965
Most recent tax filings
2023-06-01
NTEE code, primary
B82: Scholarships, Student Financial Aid Services
Description
The Michigan Tech Fund receives, invests, and disburses contributions raised to support Michigan Technological University. It financially supports all academic units of the university and awards around 1,000 scholarships and fellowships.
Total revenues
$20,705,355
2023
Total expenses
$14,627,996
2023
Total assets
$222,223,366
2023
Num. employees
0
2023

Program areas at Michigan Tech Fund

The Michigan Tech Fund provides financial support to all Michigan Technological University's academic units and to its infrastructure.
The Michigan Tech Fund awards approximately 1,000 scholarships and fellowships to Michigan Technological University.

Who funds Michigan Tech Fund

Grants from foundations and other nonprofits
GrantmakerDescriptionAmount
Thompson FoundationThompson Working Families Scholarship Program$896,500
Schwab Charitable FundEducation$828,750
Vanguard Charitable Endowment ProgramFor Recipient's Exempt Purpose$152,050
...and 48 more grants received totalling $2,700,337

Personnel at Michigan Tech Fund

NameTitleCompensation
Julie SeppalaTreasurer$0
Richard KoubekPresident$0
Karla AhoSecretary$0
William RobertsVice President$0
Roberta DessellierSecretary
...and 2 more key personnel

Financials for Michigan Tech Fund

RevenuesFYE 06/2023
Total grants, contributions, etc.$16,284,778
Program services$0
Investment income and dividends$3,385,429
Tax-exempt bond proceeds$0
Royalty revenue$0
Net rental income$0
Net gain from sale of non-inventory assets$916,536
Net income from fundraising events$0
Net income from gaming activities$0
Net income from sales of inventory$0
Miscellaneous revenues$118,612
Total revenues$20,705,355

Form 990s for Michigan Tech Fund

Fiscal year endingDate received by IRSFormPDF link
2023-062024-05-15990View PDF
2022-062023-05-12990View PDF
2021-062022-05-13990View PDF
2020-062022-05-17990View PDF
2019-062021-04-19990View PDF
...and 9 more Form 990s
Data update history
August 6, 2024
Updated personnel
Identified 3 new personnel
August 2, 2024
Received grants
Identified 9 new grant, including a grant for $896,500 from Thompson Foundation
July 12, 2024
Posted financials
Added Form 990 for fiscal year 2023
May 18, 2024
Received grants
Identified 15 new grant, including a grant for $28,000 from Greater Green Bay Community Foundation (GGBCF)
October 25, 2023
Received grants
Identified 6 new grant, including a grant for $55,750 from Saint Paul and Minnesota Foundation
Nonprofit Types
Grantmaking organizationsSchoolsHeadquarter / parent organizationsCharities
Issues
Education
Characteristics
Provides grantsState / local levelEndowed supportTax deductible donationsNo full-time employeesAccepts online donations
General information
Address
1400 Townsend Dr
Houghton, MI 49931
County
Houghton County, MI
Website URL
mtu.edu/giving/ 
Phone
(906) 487-1931
IRS details
EIN
38-1554664
Fiscal year end
June
Taxreturn type
Form 990
Year formed
1965
Eligible to receive tax-deductible contributions (Pub 78)
Yes
Categorization
NTEE code, primary
B82: Scholarships, Student Financial Aid Services
NAICS code, primary
813211: Grantmaking Foundations
Parent/child status
Central organization
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