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Pine Technical & Community College Foundation FY2022 filing

Tax-deductible

Pine City, MN501(c)(3)Since 1999EducationEIN 31-1666015Revenue $423K in FY2022

On file with the IRSpine.edu/about/ptcc-foundation900 4th St Se, 55063-1738 · Pine City, MNTax-exempt since Oct 1999College/university support org — 170(b)(1)(A)(iv)

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501(c)(3) charity; gifts are tax-deductible.
98¢ of each $1 spent went to programs.
Status: IRS Pub. 78 · Programs: Part IX

Before you give

FY2022 · 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
FY2025
latest Form 990
Looks good: the latest return is for FY2025, 1 tax year back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
3 of 5
filings with a surplus
Average surplus $6K a year · 1% of revenue · last 5 filings
Worth a look: a surplus in 3 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
98%
of spending
Looks good: 98% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Cash reserves
15 mo
of spending, in cash
Looks good: 15.4 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
$423K
+43% vs prior year
Spent
$401K
To programs
98%
Net assets
$515K
By yearFY2021–FY2025
Revenue
$423K
FY2022▲ +43%
Tap a bar for its year
Revenue by fiscal year
FY2021$297K
FY2022$423K
FY2023$528K
FY2024$924K
FY2025$345K
Expenses
$401K
FY2022▲ +20%
Tap a bar for its year
Expenses by fiscal year
FY2021$336K
FY2022$401K
FY2023$397K
FY2024$1.0M
FY2025$313K
Net assets
$515K
FY2022▼ -8%
Tap a bar for its year
Net assets by fiscal year
FY2021$558K
FY2022$515K
FY2023$667K
FY2024$577K
FY2025$629K

From the FY2022 Form 990 (year ending June 2022) · see the original

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You’re viewing the FY2022 filing — not the latest on file. See the latest (FY2025) →

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Oct 1999.

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

Where the money goes

98 cents of each dollar spent went to programs.

Program services 98% · $394K Management & general 2% · $7K

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 (FY2021); the FY2022 filing did not itemize Part VII
$0Pt VII · Sec A
Coleman McDonough
Vice Preside
$0Pt VII · Sec A
Oscar Sutherland
Secretary Tr
$0Pt VII · Sec A
Jacob Keil
Director
$0Pt VII · Sec A
Lori Tapani
Director
$0Pt VII · Sec A
Karen Jansen
Director
$0Pt VII · Sec A
$0Pt VII · Sec A
Kelly Spratt
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.

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Provided by the organization

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3 programs · $394K · in their own filed words · FY2021
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.

$304Kprogram 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.

$88Kprogram expense
03

Outdoors Club

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

$3Kprogram 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
Onan Family FoundationFY2025$27K
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 FY2022 990, line by line.

Download 990
from philanthropy.org
1The main four
Money inPt VIII
$423K
Ln 12
Gifts and grantsLn 1h$400K
Investment incomeLn 3$13K
Other incomeLn 4–11$10K
Money outPt IX
$401K
Ln 25
Programscol B$394K
Managementcol C$7K
Owns and owesPt X
$515K
net assets · Ln 32
Cash and savingsLn 1–2$515K
Total assetsLn 16$515K
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$400K
Noncash giftsLn 1g$66K
Investment incomeLn 3$13K
Other incomeLn 4–11$10K
Total revenueLn 12$423K
Assets in detailPt X, end of year
CashLn 1$133K
SavingsLn 2$383K
Cash and savings togetherLn 1–2$515K
Total assetsLn 16$515K
LiabilitiesLn 26$0
Net assetsLn 32$515K
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 FY22End FY22
Cash and savingsLn 1–2$558K$515K
Total assetsLn 16$558K$515K
LiabilitiesLn 26$0$0
Net assetsLn 32$558K$515K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic individualsLn 2$296K$296K
Accounting feesLn 11c$8K$4K$5K
Investment management feesLn 11f$5K$5K$161
Advertising and promotionLn 12$294$294
Office expensesLn 13$1K$1K
InsuranceLn 23$997$432$565
Other expenses (24a–d)Ln 24$90K$90K
Total functional expensesLn 25$401K$394K$7K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest $345K$313K$31K$629K 990 PDF
FY2024 $924K$1.0M−$117K$577K 990 PDF
FY2023 $528K$397K$131K$667K 990 PDF
FY2022 Viewing $423K$401K$22K$515K 990 PDF
FY2021 $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 FY2022 990 (6 parts)
Part I · Summary $423,367 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $276,746$399,738
I-9 Program service revenue$0
I-10 Investment incomePrior year $13,468$13,478
I-11 Other revenuePrior year $6,382$10,151
I-12 Total revenuePrior year $296,596$423,367
I-13 Grants and similar amounts paidPrior year $273,347$296,171
I-14 Benefits paid to members$0
I-15 Salaries and benefits$0
I-16a Professional fundraising fees$0
I-17 Other expensesPrior year $62,289$104,972
I-18 Total expensesPrior year $335,636$401,143
I-19 Revenue less expensesPrior year −$39,040$22,224
Part VI · Governance 11 of 11 board members independent, 1 to look at
VI-1a Voting members of the governing body11
VI-1b Independent voting members11
VI-15a Process for setting top official's payNo
VI-2 Family or business relationship among officers or directorsNo
VI-12a Written conflict of interest policyYes
VI-13 Written whistleblower policyYes
VI-14 Document retention and destruction policyYes
Part VIII · Statement of revenue $423,367 across 5 lines filed
Lines not itemized here account for $10,151 of total revenue; see the IRS return.
VIII-1f All other contributions, gifts and grants$399,738
VIII-1g Noncash contributions (included above)$66,306
VIII-1h Total contributions, gifts and grants$399,738
VIII-3 Investment incomeExcluded from tax $13,478$13,478
VIII-12 Total revenueExcluded from tax $23,629$423,367
Part IX · Statement of functional expenses $401,143 across 7 lines filed
IX-2 Grants to domestic individualsPrograms $296,171$296,171
IX-11c Accounting feesPrograms $3,530 · Management $4,615$8,145
IX-11f Investment management feesPrograms $4,536 · Management $161$4,697
IX-12 Advertising and promotionManagement $294$294
IX-13 Office expensesManagement $1,071$1,071
IX-23 InsurancePrograms $432 · Management $565$997
IX-24 Other expenses (24a–d)Programs $89,768$89,768
IX-25 Total functional expensesPrograms $394,437 · Management $6,706 · Fundraising $0$401,143
Part X · Balance sheet $515,273 assets, 8 lines filed
X-1 Cash, non-interest-bearingStart of year $99,954$132,553
X-2 Savings and temporary cash investmentsStart of year $457,615$382,720
X-16 Total assetsStart of year $557,569$515,273
X-26 Total liabilitiesStart of year $0$0
X-27 Net assets without donor restrictionsStart of year $52,482$58,829
X-28 Net assets with donor restrictionsStart of year $505,087$456,444
X-32 Total net assets or fund balancesStart of year $557,569$515,273
X-33 Total liabilities and net assetsStart of year $557,569$515,273
Part XI · Reconciliation of net assets $515,273 net assets at year end
XI-1 Total revenue$423,367
XI-2 Total expenses$401,143
XI-3 Revenue less expenses$22,224
XI-4 Net assets at start of year$557,569
XI-5 Net unrealized gains (losses) on investments−$64,520
XI-10 Net assets at end of year$515,273

Form 990 e-file (XML) FY2022 from the IRS · Classification, formation year and address from the IRS Business Master File

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