THE MINNEAPOLIS COMMUNITY AND TECHNICAL COLLEGE FOUNDATION INC

Every bright future needs a strong foundation.

aka Minneapolis College Foundation   |   Minneapolis, MN   |  https://www.minneapolis.edu/alumni-and-friends/foundation

Mission

Although Minneapolis Community and Technical College (Minneapolis College) is among the most affordable colleges in Minnesota, the costs and the barriers of attending can still be challenging. The Minneapolis College Foundation was created more than 40 years ago with a mission of providing financial assistance and educational support to students in need who attend Minneapolis College. The Foundation has been a leader in addressing issues of affordability and access to higher education, and has assisted the college and its partners to raise the visibility of these issues to public policy leaders. Minneapolis College Foundation provides invaluable support to the community through a variety of initiatives that support students & the College, and enhance the readiness of our workforce.

Ruling year info

1977

Principal Officer

Jeffrey Custer

Main address

1501 Hennepin Avenue

Minneapolis, MN 55403 USA

Show more contact info

EIN

41-1288502

NTEE code info

Community/Junior College (B41)

IRS filing requirement

This organization is required to file an IRS Form 990 or 990-EZ.

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Communication

Programs and results

What we aim to solve

SOURCE: Self-reported by organization

We are proud to call Minnesota home. After all, it's often nationally ranked near the top for quality of life, healthcare, and voter turnout, just to name a few. However, we know it's not perfect. In fact, the state's imperfections have been labeled as the "Minnesota Paradox." This is because while we have a lot to brag about, we are also home to some of the largest racial disparities in the country. The Minneapolis College Foundation believes equitable access to education is a large part of the solution to this complex issue. We remove barriers to higher education by providing scholarships and emergency assistance to students trying to beat the odds. Our donors' support empowers underestimated students to succeed. They are offered a pathway to a college credential and to a middle class lifestyle to support themselves and their families. What starts as an investment in one, turns into an investment for all. Together, we can change the world.

Our programs

SOURCE: Self-reported by organization

What are the organization's current programs, how do they measure success, and who do the programs serve?

Power of YOU

The Foundation has been a partner in a special initiative that makes the first two years of college available tuition-free for graduates of Minneapolis and Saint Paul public high schools. The Power of YOU(http://powerofyou.minneapolis.edu/) , a collaboration among Minneapolis College, Saint Paul College and Metropolitan State University, is designed to significantly increase post-secondary participation rates of urban students, particularly students from underestimated communities. The Power of YOU initiative is designed to help students overcome the real and perceived financial barriers to higher education while reinforcing the idea that higher education provides a pathway to a middle-class lifestyle for themselves and their families.
Over the last 10 years, Power of YOU has covered tuition and fees (after state and federal grants) for 2,400 students. According to Wilder Research, enrollment of Minneapolis and St. Paul high school graduates “more than doubled” at the three Power of YOU institutions. Wilder Research also found that Power of YOU students remain in school at higher rates and earn more credits toward degrees than comparable non-Power of YOU students.

Population(s) Served

Where we work

Accreditations

Meets Standards organization with Charities Review Council 2018

Earned spot on Great Nonprofits' Top Rated Nonprofit List 2019

Our results

SOURCE: Self-reported by organization

How does this organization measure their results? It's a hard question but an important one.

Number of new donors

This metric is no longer tracked.
Totals By Year
Type of Metric

Output - describing our activities and reach

Direction of Success

Increasing

Context Notes

This is the number of new (individual) donors for fiscal year 19.

Number of donations made by board members

This metric is no longer tracked.
Totals By Year
Type of Metric

Output - describing our activities and reach

Direction of Success

Increasing

Context Notes

We currently have 17 board members, meaning they gave once, but often times twice. Metric measured in fiscal year 19.

Number of academic scholarships awarded

This metric is no longer tracked.
Totals By Year
Type of Metric

Outcome - describing the effects on people or issues

Direction of Success

Increasing

Context Notes

Metric measured in fiscal year 18

Total dollars received in contributions

This metric is no longer tracked.
Totals By Year
Type of Metric

Input - describing resources we use

Direction of Success

Increasing

Context Notes

Metric measured in fiscal year 19

Average online donation

This metric is no longer tracked.
Totals By Year
Type of Metric

Input - describing resources we use

Direction of Success

Increasing

Context Notes

Metric measured in fiscal year 19

Average number of dollars received per donor

This metric is no longer tracked.
Totals By Year
Type of Metric

Input - describing resources we use

Direction of Success

Increasing

Context Notes

Metric measured in fiscal year 19.

Number of grants received

This metric is no longer tracked.
Totals By Year
Type of Metric

Input - describing resources we use

Direction of Success

Increasing

Context Notes

Metric measured in fiscal year 19.

Percent of donors retained

This metric is no longer tracked.
Totals By Year
Type of Metric

Input - describing resources we use

Direction of Success

Increasing

Context Notes

Percent of donors who gave in fiscal year 18 and were retained (gave again) in fiscal year 19.

Goals & Strategy

SOURCE: Self-reported by organization

Learn about the organization's key goals, strategies, capabilities, and progress.

Charting impact

Four powerful questions that require reflection about what really matters - results.

The Minneapolis College Foundation is aiming to further establish relationships with foundations, corporations, and individual donors to raise $1,000,000 for scholarships and emergency assistance for high achieving, underestimated students who attend Minneapolis College. As engines for social mobility, community colleges are the first step up the economic ladder for our students and their families. All too often, the only thing standing between our students and access to higher education is a scholarship. Our work aims to eliminate that financial barrier so our students can achieve their academic dreams.

Our strategies for achieving this include fostering relationships with individual donors, foundation partners, and corporate sponsors. We do this in a variety of ways.

Individual donors
• We activate board member relationships by co-hosting social gatherings with them and their networks. The board members share what inspires them to serve Minneapolis College students and ask their professional and personal contacts to join them in supporting student scholarships and emergency assistance grants.

• We encourage our supporters to participate in a tribute donations campaign. Tribute donations are made to remember the legacy of a loved one or to celebrate a life milestone. We’re honored to be a part of our community members’ lives in such a special way.


• Our most recent faculty and staff giving campaign encourages our outstanding coworkers to create a Facebook birthday fundraiser to celebrate their students and their workplace. The viral nature of Facebook increases community awareness of the Minneapolis College Foundation while the donations support our scholarship and emergency assistance grant programs.


•Through a concerted effort to reconnect with alumni, we’ve not only found amazing success stories, but also our biggest cheerleaders. Because their education at Minneapolis College serves as the foundation for their career, many feel moved to give back whether that be through time as a volunteer, tutor or mentor, or through an investment as a donor.

Corporations and Foundations
• We have recently put together a sponsorship packet in an effort to engage with our Fortune 500 corporate neighbors in downtown Minneapolis. Minneapolis College students represent the rich diversity corporations need reflected in their employee ranks. We nurture these mutually beneficial relationships, helping solve the skilled worker shortage that threatens economic growth in Minneapolis while breaking down barriers to education through scholarships for our big dreamin' students.

• We’ve continued our grant writing efforts to support underestimated students in high wage, high demand programs like accounting & finance, business management, machine tool, information technology, and nursing, just to name a few.

• We encourage business partners to leverage the strength of Minneapolis College’s education opportunities by donating state-of-the-art instructional technology, equipment and tools that help us expertly train the students who will be your future workforce in high demand technical and trade careers. Thanks to a special appropriation from Minnesota’s Legislature, Minneapolis College can “leverage” cash and equipment donations from corporate and business partners with matching funds from the State.

The Minneapolis College Foundation currently provides financial assistance to approximately 500 Minneapolis College students. This is made possible through three full-time staffers, a part-time intern and 15 board members. We are supported by the broader campus community including approximately 700 faculty and staff members.

So far in Fiscal Year 19, we've directly given out 149 scholarships while supporting hundreds of others in our Power of You and Star Scholars program, through Random Acts of Kindness grants, Phi Theta Kappa dues, Amy's Pantry donations, and other campus programs we support. We've done this through establishing and maintaining relationships with over 200 donors and 32 foundation partners. We are now a Meets Standards organization with the Charities Review Council.

Throughout the rest of the Fiscal Year, we have a rigorous FUNDraising and FRIENDraisng schedule with board member parties, an alumni networking event, corporate sponsor campus visits, and our fiscal year-end annual appeal campaign. Through these efforts, we hope to make great strides toward our $1,000,000 FY19 fundraising goal.

Financials

THE MINNEAPOLIS COMMUNITY AND TECHNICAL COLLEGE FOUNDATION INC
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Operations

The people, governance practices, and partners that make the organization tick.

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Connect with nonprofit leaders

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  • Analyze a variety of pre-calculated financial metrics
  • Access beautifully interactive analysis and comparison tools
  • Compare nonprofit financials to similar organizations

Want to see how you can enhance your nonprofit research and unlock more insights? Learn More about GuideStar Pro.

THE MINNEAPOLIS COMMUNITY AND TECHNICAL COLLEGE FOUNDATION INC

Board of directors
as of 12/03/2019
SOURCE: Self-reported by organization
Board chair

Jeffrey Custer

Director, Design & Construction-Xcel Energy, Inc.

Term: 2019 - 2020

Jacqueline Elliott Anderson

U.S. Bank

Kimberly Spates

NorthPoint Health & Wellness

Valeriana Moeller

Val Moeller Consulting

Kevin Armstrong

Mitchell Hamline School of Law

Stephanie Hammes-Betti

U.S. Bank

Ramona Harristhal

Page Education Foundation (retired)

Marc Jensen

Space150

Elliott Payne

Sense Datum, LLC

Deb Pomroy

Minneapolis College (retired)

Aswar Rahman

Amy (Klobuchar) for America

Michael Rossman

Hennepin County

Caleb Wolfe

Delta Airlines

May Xiong

Project for Pride in Living

Maddy Ryan

Brooklyn Center Community School

Peter McLaughlin

LISC Twin Cities

Board leadership practices

SOURCE: Self-reported by organization

GuideStar worked with BoardSource, the national leader in nonprofit board leadership and governance, to create this section.

  • Board orientation and education
    Does the board conduct a formal orientation for new board members and require all board members to sign a written agreement regarding their roles, responsibilities, and expectations? Yes
  • CEO oversight
    Has the board conducted a formal, written assessment of the chief executive within the past year ? Yes
  • Ethics and transparency
    Have the board and senior staff reviewed the conflict-of-interest policy and completed and signed disclosure statements in the past year? Yes
  • Board composition
    Does the board ensure an inclusive board member recruitment process that results in diversity of thought and leadership? Yes
  • Board performance
    Has the board conducted a formal, written self-assessment of its performance within the past three years? Yes