Minneapolis Community and Technical College Foundation

Mission Statement

The Minneapolis Community & Technical College Foundation provides access to the transformative power of higher education by providing scholarships and emergency assistance awards to low-income students driven to earn a college credential and achieve personal and career success.

Impact and Programs

Accomplishments Awarded over $460,000 in scholarship support to MCTC students and delivered $450,000 in programs that support the college.
Current Goals The MCTC Foundation's FY18 goal is to raise $1,100,000 in individual donations, foundation grants and sponsorships to support MCTC student scholarships and programs.
Community or Constituency Served Twin cites metro area adults from 16-62 year old
Geographic Area Served Twin Cites Metro area

Reports & Finances

If you have additional questions regarding a nonprofit's financials, visit their website, or call and ask to review their IRS Form 990, Annual Report, or Audit for a more complete picture of their financial story.
Major Program Expenses
Power of YOU:
$145,318
Star Scholars Program:
$138,309
Destination: Diploma to Degree Program:
$222,822
Central Corridor College Fellowship:
$50,000
Career Center:
$120,000
3 Year Average Expenses
Program Services
$947,689
84.1%
Management
$172,564
15.3%
Fundraising
$5,967
0.5%
Unrestricted Net Assets
End of Year:
Beginning of Year:
Difference:
2016
$1,506,308
$1,257,557
$248,751
2015
$1,257,557
$1,145,243
$112,314
2014
$1,145,243
$857,271
$287,972

Organization Last Reviewed on 07/17/2018

This date is representative of when we completed our initial Accountability Wizard® nonprofit review, and provided the organization with their results. This review is good for three years from the date provided
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Connect

Address:
1501 Hennepin Avenue
Minneapolis, MN 55403
Phone: 612-659-6316

General Information

Alternative Name: MCTC Foundation
EIN: 41-1288502
Principal Staff: Penny Schumacher
Volunteer Opportunities: Yes
Number of Clients: 800
Ruling Year: 1977

Board

Board Chair: Orlando Flores
Number of Board Members: 17
Board Meetings with Quorum: 9
Average Member Attendance: 10.9

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Let’s Connect

700 Raymond Avenue, Suite 160 • Saint Paul, MN 55114
Phone: (651) 224–7030 • E-mail: info@smartgivers.org

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