NonprofitsMinnesota Technology Foundation

Minnesota Technology Foundation

MINNEAPOLIS, MN

Total revenue

$247K

Total expenses

$385K

Net assets

$60K

Grants received

$79K

8 grants

EIN

363367684

Tax year

2024

Mission

To build and foster a thriving stem workforce in minnesota.

Programs

3 programs

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: $111K

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: $9KGrants: $9K

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.

Financials

FY 2024

Revenue

Contributions & grants$230K
Program service revenue$17K
Investment income
Other revenue
Total revenue$247K

Expenses

Grants paid$9K
Salaries & benefits
Fundraising$49K
Other expenses$376K
Total expenses$385K
Total assets$250K
Net assets$60K

People

6 listed

NameRoleCompensation

JEFF TOLLEFSON

MTA PRESIDENT/CEO

Board

2 hrs/wk

KAREN HUDSON

BOARD CHAIR

Board

2 hrs/wk

DOUGLAS CARVINAL

BOARD SECRETARY

Board

2 hrs/wk

RACHEL POLSON

BOARD TREASURER

Board

2 hrs/wk

ED FOPPE

DIRECTOR

Board

2 hrs/wk

AMY PATTON

DIRECTOR

Board

2 hrs/wk

Grants received

Showing 8 of 8

FromAmountPurposeYear
$9K
DONOR ADVISED, EDUCATION
2024
$3K
GRANT - MACP
2024
$25K
EDUCATION
2023
$8K
PUBLIC, SOCIETAL BENEFIT
2023
$10K
GENERAL SUPPORT
2022
$10K
CHARITABLE
2018

Funded by

$79K from 7 funders · 8 grants · 2018–2024

Pwc Foundation Inc

$25K · 1 grant · 2023

The Blackbaud Giving Fund

$20K · 2 grants · 2018–2022

The Minneapolis Foundation

$9K · 1 grant · 2024

Mightycause Charitable Foundation

$7K · 1 grant · 2024

The Walser Foundation

$3K · 1 grant · 2024

Details

EIN363367684
Subsection03
Ruling date1987-12
Formed1987
Employees0
Volunteers150
MINNESOTA TECHNOLOGY FOUNDATION — Mission, Financials & Grants Received | Grantivo