Nonprofit · EIN 36-3367684
MINNESOTA TECHNOLOGY FOUNDATION
Tax-exempt · MINNEAPOLIS, MN 55435
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $247,064 | $385,212 | -$138,148 | $250,260 | $190,162 | $60,098 |
| December 31, 2023 | 990 | $303,864 | $283,921 | $19,943 | $477,616 | $279,370 | $198,246 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $230,064
- Program service revenue
- $17,000
- Investment income
- $0
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $9,000
- Salaries, compensation and benefits (total)
- $0
- Professional fundraising fees
- $0
- Accounting fees
- $6,838
- Program services (functional)
- $288,779
- Management and general (functional)
- $47,866
- Fundraising (functional)
- $48,567
Balance sheet and other
- Total assets, start of year
- $477,616
- Total assets, end of year
- $250,260
- Total liabilities, end of year
- $190,162
- Net assets, end of year
- $60,098
- Net assets without donor restrictions
- $32,463
- Net assets with donor restrictions
- $27,635
- Gross receipts
- $247,064
- Employees
- 0
- Volunteers
- 150
- Year formed
- 1987
- 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 December 31, 2024, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| JEFF TOLLEFSON | MTA PRESIDENT/CEO Trustee or director, Officer | 2 | $0 |
| KAREN HUDSON | BOARD CHAIR Trustee or director, Officer | 2 | $0 |
| DOUGLAS CARVINAL | BOARD SECRETARY Trustee or director, Officer | 2 | $0 |
| RACHEL POLSON | BOARD TREASURER Trustee or director, Officer | 2 | $0 |
| ED FOPPE | DIRECTOR Trustee or director | 2 | $0 |
| AMY PATTON | DIRECTOR Trustee or director | 2 | $0 |
990 for the year ended December 31, 2023: 9 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| JEFF TOLLEFSON | MTA PRESIDENT/CEO Trustee or director, Officer | 2 | $0 |
| ANNE COFFEY | BOARD CHAIR Trustee or director, Officer | 4 | $0 |
| DOUGLAS CARVINAL | BOARD SECRETARY Trustee or director, Officer | 2 | $0 |
| RACHEL POLSON | BOARD TREASURER Trustee or director, Officer | 2 | $0 |
| JENNIFER HAUSCHILDT | DIRECTOR Trustee or director | 2 | $0 |
| DAN MALONEY | DIRECTOR Trustee or director | 2 | $0 |
| CHER MANOWSKI | DIRECTOR Trustee or director | 2 | $0 |
| BRENDAN NOLAN | DIRECTOR Trustee or director | 2 | $0 |
| JOEL CRANDALL | MTA FOUNDATION EXEC DIRECTOR Officer | 2 | $0 |
Address and contacts
- Address (IRS master file)
- 7760 FRANCE AVE S STE 1010B, MINNEAPOLIS, MN 55435-5803
- Principal officer (990 for 2024)
- JEFF TOLLEFSON, 7760 FRANCE AVE S 1010B, MINNEAPOLIS, MN 55435
- Signed the 990
- JOEL CRANDALL, PRESIDENT & CEO
- Phone
- (952) 230-4555
- Website
- WWW.MNTECH.ORG
- Return prepared by
- CLIFTONLARSONALLEN LLP
Mission
THE MINNESOTA TECHNOLOGY FOUNDATION'S MISSION IS TO BUILD AND FOSTER A THRIVING STEM WORKFORCE IN MINNESOTA.
Program accomplishments
- 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.Expenses $169,208 · revenue $17,000
- 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.Expenses $110,571
- 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.Expenses $9,000 · grants $9,000
- 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.
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 December, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | December 31, 2025 | May 15, 2026 | Not on file |
| 2024 | December 31, 2024 | May 15, 2025 | 990 on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990 on file |
IRS record
- EIN
- 36-3367684
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Publicly supported organization (170(b)(1)(A)(vi))
- Donations deductible (Pub 78)
- Public charity, 50% deduction limit
- Exempt since
- 1987
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Assets (IRS master file)
- $250,260
- Income (IRS master file)
- $247,064
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $247,064 | $385,212 | $250,260 | XML |
| 990 | December 2023 | $303,864 | $283,921 | $477,616 | XML |
| 990 | December 2022 | $220,273 | $496,739 | $503,211 | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990 | December 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 36-3367684).
Questions about MINNESOTA TECHNOLOGY FOUNDATION
- What is the EIN of MINNESOTA TECHNOLOGY FOUNDATION?
- The employer identification number (EIN) of MINNESOTA TECHNOLOGY FOUNDATION is 36-3367684.
- Is MINNESOTA TECHNOLOGY FOUNDATION tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1987.
- Are donations to MINNESOTA TECHNOLOGY FOUNDATION tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does MINNESOTA TECHNOLOGY FOUNDATION 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 MINNESOTA TECHNOLOGY FOUNDATION due?
- The return for tax year 2025 (the year ending December 31, 2025) is due May 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did MINNESOTA TECHNOLOGY FOUNDATION last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended December 2024.
- Who is the principal officer of MINNESOTA TECHNOLOGY FOUNDATION?
- The 990 for the year ended December 31, 2024 names JEFF TOLLEFSON.
- Who are the officers and directors of MINNESOTA TECHNOLOGY FOUNDATION?
- The 990 for the year ended December 31, 2024 lists 6 people; 0 received compensation from the organization.
- How much revenue does MINNESOTA TECHNOLOGY FOUNDATION have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $247,064, expenses of $385,212 and total assets of $250,260 at year end.
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