2025-08-18T10:55:35-05:00 2024-12-31 410746749 CLIFTONLARSONALLEN LLP 220 S 6TH STREET SUITE 300 MINNEAPOLIS MN 55402 990 2024-01-01 363367684 MINNESOTA TECHNOLOGY FOUNDATION INC MINN 9522304555 7760 FRANCE AVE S 1010B MINNEAPOLIS MN 55435 JOEL CRANDALL PRESIDENT & CEO 9522304555 2025-08-17 1 0 HEIDI TATRO P01591796 6123764500 2025-08-17 2024 2025-03-06 01:10:19Z JEFF TOLLEFSON 7760 FRANCE AVE S 1010B MINNEAPOLIS MN 55435 247064 0 X WWW.MNTECH.ORG X 1987 MN TO BUILD AND FOSTER A THRIVING STEM WORKFORCE IN MINNESOTA. 6 6 0 150 0 0 285807 230064 18000 17000 57 0 0 0 303864 247064 8000 9000 0 0 0 0 0 0 48567 275921 376212 283921 385212 19943 -138148 477616 250260 279370 190162 198246 60098 X THE MINNESOTA TECHNOLOGY FOUNDATION'S MISSION IS TO BUILD AND FOSTER A THRIVING STEM WORKFORCE IN MINNESOTA. 1 0 169208 0 17000 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 $169,000 IN 2024 IN THIS PROGRAM AND THEY RECEIVED AN ANNUAL ADMINISTRATIVE FEE OF $17,000 IN 2024. 110571 0 0 LAUNCHED IN FALL 2023, THE MINNESOTA ASPIRATIONS IN COMPUTING (MNAIC) PROGRAM SUPPORTS YOUNG WOMEN IN EXPLORING AND PURSUING CAREERS IN TECHNOLOGY. LED BY THE MINNESOTA TECHNOLOGY FOUNDATION, THE PROGRAM OFFERS HIGH SCHOOL STUDENTS ACCESS TO AWARDS, PAID INTERNSHIPS, MENTORSHIP, JOB SHADOWING, SCHOLARSHIPS, AND HANDS-ON LEARNING EXPERIENCES. MNAIC IS DESIGNED TO DEVELOP TECHNICAL, LEADERSHIP, AND ENTREPRENEURIAL SKILLS WHILE EXPANDING PATHWAYS FOR YOUNG WOMEN IN COMPUTING. A CORNERSTONE OF THE PROGRAM IS THE AWARD FOR ASPIRATIONS IN COMPUTING, OPEN TO STUDENTS IN GRADES 9 THROUGH 12.MNAIC IS ONE OF MANY REGIONAL AFFILIATES OF THE NATIONAL CENTER FOR WOMEN & INFORMATION TECHNOLOGY (NCWIT), WHICH PROVIDES PROGRAM GUIDANCE AND SUPPORT. THIS PARTNERSHIP ENSURES THAT MINNESOTA AWARD RECIPIENTS ARE ELIGIBLE FOR NATIONAL RECOGNITION THROUGH NCWIT'S ASPIRATIONS IN COMPUTING PROGRAM. 9000 9000 SCHOLARSHIP PROGRAMS:THE FOUNDATION MANAGES SEVERAL SCHOLARSHIPS RELATED TO ITS PROGRAMS. SCHOLARSHIPS WERE AWARDED THROUGH THE ASPIRATIONS IN COMPUTING PROGRAM AND THE WOMEN LEADING IN TECHNOLOGY PROGRAM. BOTH PROGRAMS RAISED FUNDS THAT ARE MANAGED BY THE FOUNDATION FOR SCHOLARSHIPS TO COLLEGE WOMEN IN STEM DEGREE PROGRAMS AND ALSO NON-COLLEGE BOOTCAMPS THAT TRAIN WOMEN IN VARIOUS STEM PROGRAM AREA'S. SCHOLARSHIPS ARE AWARDED BASED ON FUNDS RAISED. MENTORING AND INTERNSHIPS AND OTHER PROGRAM ACTIVITIES:THE FOUNDATION IS ACTIVELY ENGAGED TO CREATE MENTORING EXPERIENCES AND RELATIONSHIPS WHICH CONNECT STUDENTS WITH EXPERIENECED PROFESSIONALS IN THE FIELDS OF SCIENCE, TECHNOLOGY, ENGINEERING AND MATH (STEM). SPECIAL PROJECTS ALSO INCLUDE STEM EXPERIENCE TOURS, CONNECTING STUDENTS WITH COMPANIES TO TOUR THEIR FACILITIES SO THEY CAN VIEW WHAT A STEM CAREER MIGHT CONSIST OF. 288779 1 1 0 0 0 0 0 0 0 0 1 0 0 0 1 1 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 4 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 X 6 6 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 0 0 0 MN X LONNI RANALLO 9522304555 7760 FRANCE AVENUE SOUTH SUITE BLOOMINGTON MN 55435 X JEFF TOLLEFSON MTA PRESIDENT/CEO 2.00 X X 0 0 0 KAREN HUDSON BOARD CHAIR 2.00 X X 0 0 0 DOUGLAS CARVINAL BOARD SECRETARY 2.00 X X 0 0 0 RACHEL POLSON BOARD TREASURER 2.00 X X 0 0 0 ED FOPPE DIRECTOR 2.00 X 0 0 0 AMY PATTON DIRECTOR 2.00 X 0 0 0 0 0 0 0 0 0 0 0 230064 230064 ADMINISTRATIVE FEES 900099 17000 17000 17000 247064 17000 0 0 9000 9000 6838 6838 30355 186 30169 835 835 3M TWIST PROGRAM EXPENS 169208 169208 STEM PROJECTS 168976 110385 40193 18398 385212 288779 47866 48567 477323 242467 293 293 2882 2882 0 0 0 7500 477616 250260 279370 190162 279370 190162 X 177638 32463 20608 27635 198246 60098 477616 250260 -138148 0 X X 1 X 0 1 0 X 74353 367398 207080 285807 230064 1164702 74353 367398 207080 285807 230064 1164702 848034 316668 1353 744 543 57 2697 1167399 57800 0.27130 0.51360 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 2882 2882 0 0 TWIST ACCOUNT - LIAB 190162 190162 X PART X, LINE 2: THE FOUNDATION IS EXEMPT FROM THE PAYMENT OF INCOME TAXES ON THEIR EXEMPT ACTIVITIES UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE, AND IS CLASSIFIED AS AN ORGANIZATION THAT IS NOT A PRIVATE FOUNDATION UNDER SECTION 509(A)(3) OF THE CODE. THE FOUNDATION 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 FOUNDATION'S FINANCIAL STATEMENTS. THE FOUNDATION FILES AS A TAX-EXEMPT ORGANIZATION. 1 NAMED SCHOLARSHIPS 1 1000 ASPIRATIONS IN COMPUTING 2 8000 PART I, LINE 2: SCHOLARSHIP FUNDS ARE DISBURSED DIRECTLY TO THE RECIPIENT'S SCHOOL FOR QUALIFIED TUITION AND EDUCATION EXPENSES. NO FORMAL MONITORING OF THE USE OF GRANT FUNDS IS REQUIRED. FORM 990, PART III, LINE 2 MINNESOTA ASPIRATIONS IN COMPUTING (MNAIC) IS THE FLAGSHIP OFFERING OF THE MINNESOTA TECHNOLOGY FOUNDATION AND OFFICIAL STATE AFFILIATE OF THE NATIONAL CENTER FOR WOMEN & INFORMATION TECHNOLOGY (NCWIT) ASPIRATIONS IN COMPUTING PROGRAM. ABOUT THE MINNESOTA ASPIRATIONS IN COMPUTING (MNAIC) PROGRAM IS DEDICATED TO INSPIRING YOUNG WOMEN IN HIGH SCHOOL, GRADES 9-12. RECOGNIZING EXCEPTIONAL STUDENTS AT OUR SPRING TOP-TIER AND RISING STAR CEREMONIES IN COLLABORATION WITH OUR CORPORATE, COMMUNITY, AND EDUCATIONAL PARTNERS. OUR AWARDS CELEBRATE STUDENTS' COMPUTING ACHIEVEMENTS, ENTHUSIASM FOR TECHNOLOGY, LEADERSHIP, COMMUNITY INVOLVEMENT, AND RESILIENCE. THIS RECOGNITION NOT ONLY ACKNOWLEDGES THEIR ACCOMPLISHMENTS BUT ALSO FUELS THEIR ONGOING ENGAGEMENT IN STEM, ENHANCES THEIR CONFIDENCE, AND ADVANCES DIVERSITY IN THE TECH INDUSTRY. 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. 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 THE FOUNDATION'S CONFLICT OF INTEREST POLICY, AS WRITTEN IN THE ORGANIZATION'S BYLAWS, IS CONSISTENTLY MONITORED AND ENFORCED THROUGH AN ANNUAL QUESTIONNAIRE IN WHICH OFFICERS, DIRECTORS OR MEMBERS OF A COMMITTEE BOARD AGREE TO DISCLOSE ANY EXISTING OR POTENTIAL CONFLICTS OF INTEREST. A CONTRACT WHERE THERE IS A POTENTIAL CONFLICT MAY BE APPROVED IF THE FOLLOWING PROCEDURES ARE OBSERVED: THE MATERIAL FACTS AS TO THE CONTRACT OR TRANSACTION AND AS TO THE DIRECTOR'S INTEREST ARE FULLY DISCLOSED OR KNOWN TO THE MEMBERS AND THE CONTRACT OR TRANSACTION IS APPROVED IN GOOD FAITH BY TWO-THIRDS OF THE MEMBERS ENTITLED TO VOTE, NOT COUNTING ANY VOTE THAT THE INTERESTED DIRECTOR MIGHT OTHERWISE HAVE, OR THE UNANIMOUS AFFIRMATIVE VOTE OF ALL MEMBERS, WHETHER OR NOT ENTITLED TO VOTE; THE MATERIAL FACTS AS TO THE CONTRACT OR TRANSACTION AND AS TO THE DIRECTOR'S INTEREST ARE FULLY DISCLOSED OR KNOWN TO THE BOARD OR A COMMITTEE, AND THE BOARD OR COMMITTEE AUTHORIZES, APPROVES, OR RATIFIES THE CONTRACT OR TRANSACTION IN GOOD FAITH BY A MAJORITY OF THE BOARD OR COMMITTEE, NOT COUNTING ANY VOTE THAT THE INTERESTED DIRECTOR MIGHT OTHERWISE HAVE, AND NOT COUNTING THE DIRECTOR IN DETERMINING THE PRESENCE OF A QUORUM. ALL PROCEEDINGS RELATED TO CONFLICTS OF INTEREST ARE DOCUMENTED IN THE MEETING MINUTES. TYPICALLY, THIS WOULD COME UP DURING A VOTE OF WHICH THE BOARD MEMBER WOULD STATE THEIR CONFLICT AND ABSTAIN FROM VOTING. FORM 990, PART VI, SECTION B, LINE 15 THE FOUNDATION DOES NOT COMPENSATE ITS OFFICERS OR MEMBERS. FORM 990, PART VI, SECTION C, LINE 18 THE FORM 1023 IS AVAILABLE UPON REQUEST. FORM 990, PART VI, SECTION C, LINE 19 THE FOUNDATION'S GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS ARE AVAILABLE TO THE PUBLIC UPON REQUEST. FORM 990, PART XII, LINE 2C: THE ORGANIZATION HAS NOT CHANGED ITS OVERSIGHT PROCESS SINCE THE PRIOR YEAR.