Pine Technical & Community College Foundation FY2021 filing

Tax-deductible

Pine City, MN501(c)(3)Since 1999EducationEIN 31-1666015

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501(c)(3) charity; gifts are tax-deductible.
100¢ of each $1 spent went to programs.
Status: IRS Pub. 78 · Programs: Part IX

Before you give

FY2021 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(3)
not on the IRS revocation list
Looks good: listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
Yes
Donations are tax-deductible
Looks good: the IRS lists gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2024
latest Form 990
Looks good: the latest return is for FY2024, 2 tax years back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
2 of 4
filings with a surplus
Average deficit $568 a year · under 1% of revenue · last 4 filings
Worth a look: a surplus in 2 of the last 4 filings.
Pt I · Ln 19 · 4 filings
Spent on programs
100%
of spending
Looks good: 100% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Cash reserves
20 mo
of spending, in cash
Looks good: 19.9 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
1
named funder · $27K
Fine: 1 funder names it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$0
0% of total assets
Looks good: liabilities are 0% of assets; 50% or less.
Pt X · Ln 26
Independent board members
11
of 11 voting members
Looks good: 11 of 11 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$297K
Spent
$336K
To programs
100%
Net assets
$558K
By yearFY2021–FY2024
Revenue
$297K
FY2021
Revenue by fiscal year
FY2021$297K
FY2022$423K
FY2023$528K
FY2024$924K
FY2024$345K
Expenses
$336K
FY2021
Expenses by fiscal year
FY2021$336K
FY2022$401K
FY2023$397K
FY2024$1.0M
FY2024$313K
Net assets
$558K
FY2021
Net assets by fiscal year
FY2021$558K
FY2022$515K
FY2023$667K
FY2024$577K
FY2024$629K

From the FY2021 Form 990 (year ending June 2021) · see the original

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Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Oct 1999.

IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Where the money goes

100 cents of each dollar spent went to programs.

Program services 100% · $334K Management & general 0% · $1K

Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.

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Who runs it and what they're paid

11 people listed on the 990.

Part VII, Section A · reportable compensation · most recent filed roster (FY2020); the FY2021 filing did not itemize Part VII
$0Pt VII · Sec A
Vice Preside
$0Pt VII · Sec A
Secretary Tr
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
See Pine Technical & Community College Foundation executive salaries →

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Questions the 990 asks

The form asks each of these directly. These are the filed answers.

  • Family or business ties among officersPt VI · Ln 2No
  • Top official's pay set by an independent reviewPt VI · Ln 15aNo

Programs and updates

Supports educational programs, services, and facilities for students and the community.

Provided by the organization

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3 programs · $334K · in their own filed words · FY2020
01

Scholarships and Grants

The foundation solicits donations from staff, alumni, local businesses, etc. And then awards scholarships and grants to students attending pine technical and community college as well as other related mnscu schools.

$276Kprogram expense
02

Program Equipment & Capital Projects

Designated support provided to the college for academic programs being developed or expanded in an effort to provide a more diverse educational opportunity for students and for capital projects to bring the facilities into a better usable place for college programming needs.

$54Kprogram expense
03

Outdoors Club

Scholarships and supporting academic program expenses related specifically to the college's gunsmithing program and other outdoors programs

$4Kprogram expense

Funders

Who pays for it.

From grant filings on record. Receipts are incomplete: individual donors are never listed.

Grants

Schedule I · received and paid
Grants received · FY2025
Total grants receivedfrom 1 funder$27K
Grants paid · 11 grants · $1.5M · 2020–2024
Unitemized GrantFY2024$299,693
Unitemized GrantFY2023$328,889
Unitemized GrantFY2022$315,818
Unitemized GrantFY2022$17,900
Unitemized GrantFY2022$10,750
Unitemized GrantFY2021$274,171
Unitemized GrantFY2021$19,000
Unitemized GrantFY2021$3,000
Unitemized GrantFY2020$249,597
Unitemized GrantFY2020$19,850
Unitemized GrantFY2020$3,900

By the numbers

The FY2021 990, line by line.

1The main four
Money inPt VIII
$297K
Ln 12
Gifts and grantsLn 1h$277K
Investment incomeLn 3$13K
Other incomeLn 4–11$6K
Money outPt IX
$336K
Ln 25
Programscol B$334K
Managementcol C$1K
Owns and owesPt X
$558K
net assets · Ln 32
Cash and savingsLn 1–2$558K
Total assetsLn 16$558K
LiabilitiesLn 26$0
PeoplePt VI, VII
11
listed · VII A
PaidVII A0
Voting boardVI 1a11
IndependentVI 1b11
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$277K
Investment incomeLn 3$13K
Other incomeLn 4–11$6K
Total revenueLn 12$297K
Assets in detailPt X, end of year
CashLn 1$100K
SavingsLn 2$458K
Cash and savings togetherLn 1–2$558K
Total assetsLn 16$558K
LiabilitiesLn 26$0
Net assetsLn 32$558K
OperationsPt I, VI
EmployeesI 50
VolunteersI 615
Fiscal year endsHeaderJune
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13Yes
Records policyVI 14Yes
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY21End FY21
Cash and savingsLn 1–2$523K$558K
Total assetsLn 16$523K$558K
LiabilitiesLn 26$0$0
Net assetsLn 32$523K$558K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic individualsLn 2$273K$273K
Accounting feesLn 11c$3K$2K$388
Investment management feesLn 11f$4K$4K$140
Office expensesLn 13$502$502
InsuranceLn 23$936$790$146
Other expenses (24a–d)Ln 24$54K$54K
Total functional expensesLn 25$336K$334K$1K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 $924K$1.0M−$117K$577K 990 PDF
FY2023 $528K$397K$131K$667K 990 PDF
FY2022 $423K$401K$22K$515K 990 PDF
FY2021 Viewing $297K$336K−$39K$558K 990 PDF

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Schedules filed Part IV

III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
See the full FY2021 990 (4 parts)
Part VIII · Statement of revenue $296,596 across 4 lines filed
Lines not itemized here account for $6,382 of total revenue; see the IRS return.
VIII-1f All other contributions, gifts and grants$276,746
VIII-1h Total contributions, gifts and grants$276,746
VIII-3 Investment incomeExcluded from tax $13,468$13,468
VIII-12 Total revenueExcluded from tax $19,850$296,596
Part IX · Statement of functional expenses $335,636 across 6 lines filed
IX-2 Grants to domestic individualsPrograms $273,347$273,347
IX-11c Accounting feesPrograms $2,113 · Management $388$2,501
IX-11f Investment management feesPrograms $4,250 · Management $140$4,390
IX-13 Office expensesManagement $502$502
IX-23 InsurancePrograms $790 · Management $146$936
IX-24 Other expenses (24a–d)Programs $53,960$53,960
IX-25 Total functional expensesPrograms $334,460 · Management $1,176 · Fundraising $0$335,636
Part X · Balance sheet $557,569 assets, 8 lines filed
X-1 Cash, non-interest-bearingStart of year $128,053$99,954
X-2 Savings and temporary cash investmentsStart of year $394,545$457,615
X-16 Total assetsStart of year $522,598$557,569
X-26 Total liabilitiesStart of year $0$0
X-27 Net assets without donor restrictionsStart of year $87,925$52,482
X-28 Net assets with donor restrictionsStart of year $434,673$505,087
X-32 Total net assets or fund balancesStart of year $522,598$557,569
X-33 Total liabilities and net assetsStart of year $522,598$557,569
Part XI · Reconciliation of net assets $557,569 net assets at year end
XI-1 Total revenue$296,596
XI-2 Total expenses$335,636
XI-3 Revenue less expenses−$39,040
XI-4 Net assets at start of year$522,598
XI-5 Net unrealized gains (losses) on investments$74,011
XI-10 Net assets at end of year$557,569

Form 990 e-file (XML) FY2021 from the IRS · Classification, formation year and address from the IRS Business Master File

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