Program areas at Minnesota Technology Foundation
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 $158,066 in 2022 in this program and they received an annual administrative fee of $12,650 in 2022.
Scholarship programs:the Foundation manages a scholarship program focused on undergraduate college students studying science, Technology, engineering, and mathematics (stem). Currently, there are two components: Foundation scholarships and named scholarships. The Foundation raises funds for both types of scholarships; these scholarships are awarded to students studying in stem fields at accredited Minnesota colleges and universities.
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 2022 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.
Who funds Minnesota Technology Foundation
Grants from foundations and other nonprofits
Personnel at Minnesota Technology Foundation
| Name | Title | Compensation | Date of data |
|---|
| Jeff Tollefson | President | $0 | 2022-10-19 |
| Kevin Hansen | Board Vice Chair / Vice Chair / Director / Member | $0 | 2021-12-31 |
| Rachel Polson | Board Treasurer | $0 | 2021-12-31 |
| Douglas Carvinal | Board Secretary | $0 | 2021-12-31 |
| Anne Coffey | Board Chair / Director / Member | $0 | 2021-12-31 |
| ...and 4 more key personnel |
Financials for Minnesota Technology Foundation
| Revenues | FYE 12/2022 | FYE 12/2021 | % Change |
|---|
| Total grants, contributions, etc. | $189,790 | $374,748 | -49.4% |
| Program services | $29,940 | $0 | 999% |
| Investment income and dividends | $543 | $744 | -27% |
| Tax-exempt bond proceeds | $0 | $0 | - |
| Royalty revenue | $0 | $0 | - |
| Net rental income | $0 | $0 | - |
| Net gain from sale of non-inventory assets | $0 | $0 | - |
| Net income from fundraising events | $0 | $0 | - |
| Net income from gaming activities | $0 | $0 | - |
| Net income from sales of inventory | $0 | $0 | - |
| Miscellaneous revenues | $0 | $0 | - |
| Total revenues | $220,273 | $375,492 | -41.3% |
Organizations like Minnesota Technology Foundation
| Organization | Type | Location | Revenue |
|---|
| Georgia Engineering Foundation | 501(c)(3) | Atlanta, GA | $277,378 |
| Central Florida Aerospace Academy Foundation | 501(c)(3) | Lakeland, FL | $495,154 |
| Founder Region Fellowship | 501(c)(3) | Sunnyvale, CA | $110,903 |
| Florida Bankers Educational Foundation | 501(c)(3) | Tallahassee, FL | $191,302 |
| Edward Taylor Coombs Foundation | 501(c)(3) | Horsham, PA | $130,797 |
| West Bend Community and Alumni Scholarship Foundation | 501(c)(3) | West Bend, WI | $502,887 |
| Walton Education Foundation | 501(c)(3) | Defuniak Springs, FL | $970,873 |
| Fort Worth Scottish Rite Foundation | 501(c)(3) | Fort Worth, TX | $356,203 |
| Roanoke County Public Schools Education Foundation | 501(c)(3) | Roanoke, VA | $122,357 |
| Passaic County Community College Foundation | 501(c)(3) | Paterson, NJ | $957,960 |
Data update history
November 25, 2023
Posted financials
Added Form 990 for fiscal year 2021
June 5, 2023
Updated personnel
Identified 3 new personnel
Nonprofit Types
Grantmaking organizationsSchoolsCharities
Issues
Science and technologyEducation
Characteristics
Conducts researchPeer-to-peer fundraisingState / local levelProvides scholarshipsTax deductible donationsNo full-time employees
General information
- Address
- 400 S Fourth St 416
- Minneapolis, MN 55415
- Metro area
- Minneapolis-St. Paul-Bloomington, MN-WI
- Website URL
- mntech.org/Â
- Phone
- (952) 230-4555
IRS details
- EIN
- 36-3367684
- Fiscal year end
- December
- Taxreturn type
- Form 990
- Year formed
- 1987
- 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
- Independent
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