Nonprofit · EIN 41-1440301
MINNESOTA TECHNOLOGY ASSOCIATION
Tax-exempt · MINNEAPOLIS, MN 55435
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $2,425,062 | $2,316,923 | $108,139 | $1,045,832 | $502,589 | $543,243 |
| December 31, 2023 | 990 | $2,445,001 | $2,386,217 | $58,784 | $787,026 | $351,922 | $435,104 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $10,330
- Program service revenue
- $2,386,169
- Investment income
- $23,013
- Other revenue
- $5,550
Expenses
- Grants and similar amounts paid
- $551,948
- Compensation of officers, directors and key employees
- $450,510
- Other salaries and wages
- $465,506
- Salaries, compensation and benefits (total)
- $1,057,625
- Professional fundraising fees
- $0
- Accounting fees
- $20,796
- Occupancy
- $58,579
- Depreciation
- $1,086
Balance sheet and other
- Total assets, start of year
- $787,026
- Total assets, end of year
- $1,045,832
- Total liabilities, end of year
- $502,589
- Net assets, end of year
- $543,243
- Land, buildings and equipment
- $3,816
- Net assets without donor restrictions
- $543,243
- Gross receipts
- $2,425,062
- Employees
- 9
- Volunteers
- 45
- Year formed
- 1982
- 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 | Other / benefits |
|---|---|---|---|---|
| JEFF TOLLEFSON | PRESIDENT & CEO Trustee or director, Officer | 40 | $259,381 | $34,259 |
| LONNI RANALLO | VP OF FINANCE AND ADMINISTRATION Officer | 40 | $132,969 | $23,901 |
| MOLLY DOYLE | VP, COMMUNITY & MEMBER ENGAGEMENT Highest-paid employee | 40 | $126,797 | $16,855 |
| SRIDHAR KONERU | BOARD CHAIR Trustee or director, Officer | 2 | $0 | $0 |
| SARAH ENGSTROM | VICE CHAIR Trustee or director, Officer | 2 | $0 | $0 |
| MATTHEW RECK | TREASURER Trustee or director, Officer | 2 | $0 | $0 |
| DANIEL ABDUL | DIRECTOR Trustee or director | 2 | $0 | $0 |
| DR SAMEER BADLANI | DIRECTOR Trustee or director | 2 | $0 | $0 |
| MATTHEW BAILEY | DIRECTOR Trustee or director | 2 | $0 | $0 |
| ANDY BINGENHEIMER | DIRECTOR Trustee or director | 2 | $0 | $0 |
| TAWANNA BLACK | DIRECTOR Trustee or director | 2 | $0 | $0 |
| KEVIN BOECKENSTEDT | DIRECTOR Trustee or director | 2 | $0 | $0 |
| ANNA BOROFF | DIRECTOR Trustee or director | 2 | $0 | $0 |
| ROBIN BROWN | DIRECTOR Trustee or director | 2 | $0 | $0 |
| MARC CARLSON | DIRECTOR Trustee or director | 2 | $0 | $0 |
24 more people on this return
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| JULIE DURHAM | DIRECTOR Trustee or director | 2 | $0 |
| LUCINDA DUTOIT | DIRECTOR Trustee or director | 2 | $0 |
| CARY FELBAB | DIRECTOR Trustee or director | 2 | $0 |
| AMY FISHER | DIRECTOR Trustee or director | 2 | $0 |
| AMKA HODZIC | DIRECTOR Trustee or director | 2 | $0 |
| CHRIS HOWE | DIRECTOR Trustee or director | 2 | $0 |
| JOSH JABS | DIRECTOR Trustee or director | 2 | $0 |
| TAMMYLYNNE JONAS | DIRECTOR Trustee or director | 2 | $0 |
| JAKE KRINGS | DIRECTOR Trustee or director | 2 | $0 |
| RACHEL LOCKETT | DIRECTOR Trustee or director | 2 | $0 |
| CYRUS MORTON | DIRECTOR Trustee or director | 2 | $0 |
| MARK MURPHY | DIRECTOR Trustee or director | 2 | $0 |
| MEREDITH MURPHY | DIRECTOR Trustee or director | 2 | $0 |
| HANY OMAR | DIRECTOR Trustee or director | 2 | $0 |
| ANUDEEP PARHAR | DIRECTOR Trustee or director | 2 | $0 |
| JAMES PEICHEL | DIRECTOR Trustee or director | 2 | $0 |
| TIM PETERSON | DIRECTOR Trustee or director | 2 | $0 |
| RAKHI PUROHIT | DIRECTOR Trustee or director | 2 | $0 |
| CHRISTOPHER RENCE | DIRECTOR Trustee or director | 2 | $0 |
| PJ RITTERS | DIRECTOR Trustee or director | 2 | $0 |
| SARAH SEGER | DIRECTOR Trustee or director | 2 | $0 |
| JAMIE THINGELSTAD | DIRECTOR Trustee or director | 2 | $0 |
| BETH TSCHIDA | DIRECTOR Trustee or director | 2 | $0 |
| SHARON KENNEDY VICKERS | DIRECTOR Trustee or director | 2 | $0 |
990 for the year ended December 31, 2023: 43 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| JEFF TOLLEFSON | PRESIDENT & CEO Trustee or director, Officer | 40 | $244,040 | $36,366 |
| LONNI RANALLO | VP OF FINANCE AND ADMINISTRATION Officer | 40 | $119,708 | $24,702 |
| JOEL CRANDALL | VP OF TALENT Officer | 40 | $116,674 | $26,607 |
| CYRUS MORTON | BOARD CHAIR Trustee or director, Officer | 2 | $0 | $0 |
| SRIDHAR KONERU | BOARD VICE CHAIR Trustee or director, Officer | 2 | $0 | $0 |
| DOUGLAS CARNIVAL | SECRETARY Trustee or director, Officer | 2 | $0 | $0 |
| ED FOPPE | TREASURER Trustee or director, Officer | 2 | $0 | $0 |
| DR SAMEER BADLANI | DIRECTOR Trustee or director | 2 | $0 | $0 |
| ANUDEEP PARHAR | DIRECTOR Trustee or director | 2 | $0 | $0 |
| TIM PETERSON | DIRECTOR Trustee or director | 2 | $0 | $0 |
| RAKHI PUROHIT | DIRECTOR Trustee or director | 2 | $0 | $0 |
| MATTHEW RECK | DIRECTOR Trustee or director | 2 | $0 | $0 |
| CHRISTOPHER RENCE | DIRECTOR Trustee or director | 2 | $0 | $0 |
| SARAH SEGER | DIRECTOR Trustee or director | 2 | $0 | $0 |
| REBECCA MARTIN | DIRECTOR Trustee or director | 2 | $0 | $0 |
| MICAEL LACEY | DIRECTOR Trustee or director | 2 | $0 | $0 |
| PAUL WEIRTZ | DIRECTOR Trustee or director | 2 | $0 | $0 |
| HANY OMAR | DIRECTOR Trustee or director | 2 | $0 | $0 |
| WOLFGANG LEWIS | DIRECTOR Trustee or director | 2 | $0 | $0 |
| ROBIN BROWN | DIRECTOR Trustee or director | 2 | $0 | $0 |
| PJ RITTERS | DIRECTOR Trustee or director | 2 | $0 | $0 |
| BETH TSCHIDA | DIRECTOR Trustee or director | 2 | $0 | $0 |
| LUCINDA DUTOIT | DIRECTOR Trustee or director | 2 | $0 | $0 |
| AMKA HODZIC | DIRECTOR Trustee or director | 2 | $0 | $0 |
| JAMIE THINGELSTAD | DIRECTOR Trustee or director | 2 | $0 | $0 |
| ANDY BINGENHEIMER | DIRECTOR Trustee or director | 2 | $0 | $0 |
| RACHEL LOCKETT | DIRECTOR Trustee or director | 2 | $0 | $0 |
| JAKE KRINGS | DIRECTOR Trustee or director | 2 | $0 | $0 |
| TAWANNA BLACK | DIRECTOR Trustee or director | 2 | $0 | $0 |
| KEVIN BOECKENSTEDT | DIRECTOR Trustee or director | 2 | $0 | $0 |
| MATTHEW BAILEY | DIRECTOR Trustee or director | 2 | $0 | $0 |
| JULIE DURHAM | DIRECTOR Trustee or director | 2 | $0 | $0 |
| DANIEL ABDUL | DIRECTOR Trustee or director | 2 | $0 | $0 |
| SARAH ENGSTROM | DIRECTOR Trustee or director | 2 | $0 | $0 |
| TEDDY BEKELE | DIRECTOR Trustee or director | 2 | $0 | $0 |
| CHRIS HOWE | DIRECTOR Trustee or director | 2 | $0 | $0 |
| KAREN HUDSON | DIRECTOR Trustee or director | 2 | $0 | $0 |
| JOSH JABS | DIRECTOR Trustee or director | 2 | $0 | $0 |
| TAMMYLYNNE JONAS | DIRECTOR Trustee or director | 2 | $0 | $0 |
| PATRICK JOYCE | DIRECTOR Trustee or director | 2 | $0 | $0 |
| SHARON KENNEDY VICKERS | DIRECTOR Trustee or director | 2 | $0 | $0 |
| AMY FISHER | DIRECTOR Trustee or director | 2 | $0 | $0 |
| MEREDITH MURPHY | DIRECTOR Trustee or director | 2 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- 7760 FRANCE AVENUE SOUTH SUITE 1010, MINNEAPOLIS, MN 55435-5800
- Principal officer (990 for 2024)
- JEFF TOLLEFSON, 7760 FRANCE AVE S SUITE 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
MINNESOTA TECHNOLOGY ASSOCIATION'S MISSION IS TO BUILD A MORE VIBRANT, INNOVATIVE, AND INCLUSIVE TECHNOLOGY ECOSYSTEM IN MINNESOTA BY ENABLING THE CONNECTIONS, PUBLIC POLICIES, AND PARTNERSHIPS NEEDED TO HELP OUR TECH COMMUNITY THRIVE.
Program accomplishments
- THE SCITECH INTERNSHIP PROGRAM ASSISTS STUDENTS AND COMPANIES STUDYING OR WORKING IN KEY AREAS OF SCIENCE AND TECHNOLOGY, ENGINEERING AND MATH RELATING TO KEY INDUSTRY FOCUS AREAS. DURING 2023-2024, THE PROGRAM HAD THE FOLLOWING RESULTS:-1518 STUDENT APPLICANTS-198 COMPANY APPLICANTS-255 STUDENT INTERNS HIRED WITH 193 METRO PLACEMENTS AND 62 GREATER MINNESOTA PLACEMENTS
- MINNESOTA'S TECHNOLOGY-DRIVEN COMPANIES ACHIEVE THE GREATEST SUCCESS WHEN THEY HAVE ACCESS TO EXCEPTIONAL TALENT, DEDICATED PUBLIC POLICY ADVOCATES, AND ARE PART OF AN INNOVATIVE, INCLUSIVE TECHNOLOGY COMMUNITY. THE MINNESOTA TECHNOLOGY ASSOCIATION NURTURES EACH OF THESE ATTRIBUTES WITHIN OUR STATE, ENABLING MINNESOTA TECHNOLOGY-DRIVEN BUSINESSES, PROFESSIONALS, AND COMMUNITIES TO THRIVE. THE MINNESOTA TECHNOLOGY ASSOCIATION CREATES MEANINGFUL CONNECTIONS AND CAREER ADVANCEMENT THROUGH IT'S RESPECTED PROGRAMS, EDUCATIONAL OPPORTUNITIES, AND NETWORKING EVENTS. THE ASSOCIATION RUNS INTERNSHIP PROGRAMS TO ASSIST STUDENTS IN THE STEM FIELD FIND MEANINGFUL WORK, AND TO DRIVE MINNESOTA'S STEM WORKFORCE DEVELOPMENT. THE MINNESOTA TECHNOLOGY ASSOCIATION ALSO LEADS IN ADVANCING TECH-RELATED PUBLIC POLICY ISSUES TO MINNESOTA'S STATE LEGISLATURE AND SERVES AS THE LOCAL AFFILIATE OF TECNA, THE TECHNOLOGY COUNCILS OF NORTH AMERICA. OUR MEMBERSHIP BASE INCLUDES COMPANIES THAT WORK THE SPECTRUM OF TECHNOLOGY, FROM IT, ADVANCED MANUFACTURING, LIFE SCIENCES, FINTECH, AGTECH, CLEANTECH, AND EDUTECH, AND RANGE FROM LONG-ESTABLISHED CORPORATIONS TO SMALL AND GROWING STARTUPS. THE MINNESOTA TECHNOLOGY ASSOCIATION'S MISSION IS TO ACCELERATE GROWTH, INNOVATION, AND THE DEVELOPMENT OF A STRONG, INCLUSIVE TECH ECOSYSTEM IN MINNESOTA.
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
- 41-1440301
- Tax-exempt status
- 501(c)(6): Business league or chamber of commerce
- Donations deductible
- No
- Exempt since
- 1983
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Community improvement and capacity building (S41)
- Assets (IRS master file)
- $1,045,832
- Income (IRS master file)
- $2,425,062
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $2,425,062 | $2,316,923 | $1,045,832 | XML |
| 990 | December 2023 | $2,445,001 | $2,386,217 | $787,026 | XML |
| 990 | December 2022 | $2,367,285 | $2,326,570 | $801,816 | 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 41-1440301).
Questions about MINNESOTA TECHNOLOGY ASSOCIATION
- What is the EIN of MINNESOTA TECHNOLOGY ASSOCIATION?
- The employer identification number (EIN) of MINNESOTA TECHNOLOGY ASSOCIATION is 41-1440301.
- Is MINNESOTA TECHNOLOGY ASSOCIATION tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(6) since 1983.
- Are donations to MINNESOTA TECHNOLOGY ASSOCIATION tax-deductible?
- No. The IRS master file says contributions to it are not deductible.
- Which annual return does MINNESOTA TECHNOLOGY ASSOCIATION 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 ASSOCIATION 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 ASSOCIATION 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 ASSOCIATION?
- The 990 for the year ended December 31, 2024 names JEFF TOLLEFSON.
- Who are the officers and directors of MINNESOTA TECHNOLOGY ASSOCIATION?
- The 990 for the year ended December 31, 2024 lists 39 people; 3 received compensation from the organization, the highest $259,381 (JEFF TOLLEFSON, PRESIDENT & CEO).
- How much revenue does MINNESOTA TECHNOLOGY ASSOCIATION have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $2,425,062, expenses of $2,316,923 and total assets of $1,045,832 at year end.
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