Is it real?
Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Sep 1983.
IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File
Who runs it and what they're paid
39 people listed on the 990; $519K paid to officers and key staff.
Jeff Tollefson’s $259K as President & CEO is at the 80th percentile of top reported officer pay among 2832 $1–10M community development nonprofits. Peer set: organizations in the same NTEE major field of work and revenue-size band, compared on each org’s own highest-paid officer/key-employee, from Form 990 Part VII / 990-PF Part VIII. Descriptive placement, not a verdict on whether the pay is appropriate.
Compensation history total reportable pay by year · 4 named individuals · Part VII
| Name | FY2024 | FY2023 | FY2022 | FY2021 |
|---|---|---|---|---|
| Jeff Tollefson | $259,381 | $244,040 | $225,815 | $213,456 |
| Lonni Ranallo | $132,969 | $119,708 | $114,730 | — |
| Molly Doyle | $126,797 | — | — | — |
| Joel Crandall | — | $116,674 | — | — |
Total reportable compensation (Form 990 Part VII column D / Schedule J column E) by filing year, matched by name within this organization. The Schedule J base / bonus / deferred breakdown is not parsed into this dataset.
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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 15aYes
Programs and updates
Strengthens Minnesota's tech sector by providing networking events, educational programs, internship opportunities, and public policy advocacy to build an inclusive and thriving technology community.
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Minnesota's technology-driven companies achieve the greatest success when they have access to exceptional talent, dedicated public policy advocates, and are part of an innovative, inclusive technology community.
The scitech internship program assists students and companies studying or working in key areas of science and technology, engineering and math relating to key industry focus areas. During 2023-2024, the program had the following RESULTS:-1518 student APPLICANTS-198 company APPLICANTS-255 student interns hired with 193 metro placements…
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Funders
Who pays for it.
From grant filings on record. Receipts are incomplete: individual donors are never listed.
Grants
By the numbers
The FY2024 990, line by line.
Download 990
| Line | Start FY24 | End FY24 |
|---|---|---|
| Cash and savingsLn 1–2 | $662K | $771K |
| Land, buildings, equipmentLn 10c | $2K | $4K |
| Total assetsLn 16 | $787K | $1.0M |
| LiabilitiesLn 26 | $352K | $503K |
| Net assetsLn 32 | $435K | $543K |
| Line | Total | Programs | Management | Fundraising |
|---|---|---|---|---|
| Grants to domestic organizationsLn 1 | $552K | |||
| Pay of current officers, directors and key staffLn 5 | $451K | |||
| Other salaries and wagesLn 7 | $466K | |||
| Pension plan contributionsLn 8 | $16K | |||
| Other employee benefitsLn 9 | $65K | |||
| Payroll taxesLn 10 | $61K | |||
| Accounting feesLn 11c | $21K | |||
| Lobbying feesLn 11d | $46K | |||
| Other fees for servicesLn 11g | $54K | |||
| Office expensesLn 13 | $11K | |||
| Information technologyLn 14 | $36K | |||
| OccupancyLn 16 | $59K | |||
| Conferences, conventions and meetingsLn 19 | $429K | |||
| Depreciation, depletion and amortizationLn 22 | $1K | |||
| InsuranceLn 23 | $4K | |||
| Other expenses (24a–d)Ln 24 | $48K | |||
| Total functional expensesLn 25 | $2.3M |
Filing history
| Year | Money in | Money out | In minus out | Net assets | Download |
|---|---|---|---|---|---|
| FY2024 Latest Viewing | $2.4M | $2.3M | $108K | $543K | 990 PDF |
| FY2023 | $2.4M | $2.4M | $59K | $435K | 990 PDF |
| FY2022 | $2.4M | $2.3M | $41K | $376K | 990 PDF |
| FY2021 | $2.2M | $2.0M | $237K | $336K | 990 PDF |
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Schedules filed Part IV
See the full FY2024 990 (4 parts)
Part VIII · Statement of revenue $2,425,062 across 6 lines filed
Part IX · Statement of functional expenses $2,316,923 across 16 lines filed
Part X · Balance sheet $1,045,832 assets, 15 lines filed
Part XI · Reconciliation of net assets $543,243 net assets at year end
Form 990 e-file (XML) FY2024 from the IRS · Classification, formation year and address from the IRS Business Master File
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