Dunwoody College Of Technology
- Assets
- $75.5m
- Revenue
- $53.5m
- Investments
- $9.3m
- Employees
- 348
- Location
- Minneapolis, MN
- Founding
- 04/1937
- Data as of
- 06/2022
- EIN
- 41-0693856
Organization Overview
Dunwoody College Of Technology is located in Minneapolis, MN. The organization was established in 1937. According to its NTEE Classification (B30) the organization is classified as: Vocational & Technical Schools, under the broad grouping of Education and related organizations. As of 06/2022, Dunwoody College Of Technology employed 348 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Dunwoody College Of Technology is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 06/2022, Dunwoody College Of Technology generated $53.5m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 9.6% each year. All expenses for the organization totaled $37.8m during the year ending 06/2022. While expenses have increased by 5.6% per year over the past 7 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
DUNWOODY OFFERS ONE, TWO, AND FOUR YEAR DEGREES THAT LEAD TO IMMEDIATE JOBS AND GREAT CAREERS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
SEE SCHEDULE OFOUNDED IN 1914, DUNWOODY COLLEGE OF TECHNOLOGY IS THE ONLY PRIVATE, NOT-FOR-PROFIT TECHNICAL COLLEGE IN THE UPPER MIDWEST. HAVING PROVIDED HANDS-ON, APPLIED TECHNICAL EDUCATION TO MORE THAN 250,000 INDIVIDUALS, DUNWOODY IS THE COLLEGE FOR EXPERIMENTERS AND MAKERS, A PLACE WHERE THE CURIOUS AND THE CONFIDENT LEARN BY DOING. LOCATED IN MINNEAPOLIS, DUNWOODY OFFERS A UNIQUE CAMPUS EXPERIENCE IN DEDICATED LABS, STUDIOS, AND SHOPS THAT TREATS STUDENTS LIKE FUTURE PROFESSIONALS FROM DAY ONE. DUNWOODY CHALLENGES STUDENTS TO COME DETERMINED AND GRADUATE DESTINED.DUNWOODY IS ACCREDITED BY THE HIGHER LEARNING COMMISSION, AN INSTITUTIONAL ACCREDITATION AGENCY RECOGNIZED BY THE U.S. DEPARTMENT OF EDUCATION. THE COMMISSION'S WEB ADDRESS AND PHONE NUMBER ARE: WWW.HLCCOMMISSION.ORG AND 312-263-0456.DUNWOODY IS COMMITTED TO PREPARING STUDENTS FOR GREAT CAREERS IN HIGH-DEMAND, STEM-RELATED FIELDS. SINCE ITS FOUNDING 108 YEARS AGO, DUNWOODY'S GRADUATES HAVE GONE ON TO REWARDING CAREERS AS OUTSTANDING TECHNICIANS, SUCCESSFUL ENTREPRENEURS, AND INDUSTRY LEADERS. DUNWOODY COLLEGE TEACHES PROBLEM SOLVING AND CRITICAL THINKING ALONG WITH PRACTICAL, REAL-WORLD SKILLS THAT ARE SOUGHT AFTER BY BUSINESS AND INDUSTRY. LOCATED ON THE WESTERN EDGE OF DOWNTOWN MINNEAPOLIS, DUNWOODY OFFERS MORE THAN 40 CERTIFICATE, ASSOCIATE'S DEGREE AND BACHELOR'S DEGREE PROGRAMS IN THE AREAS OF AUTOMOTIVE, BUSINESS MANAGEMENT, COMPUTER TECHNOLOGY, CONSTRUCTION SCIENCES & BUILDING TECHNOLOGY, ARCHITECTURE, DESIGN, ENGINEERING, RADIOLOGIC TECHNOLOGY, AND ROBOTICS & MANUFACTURING.INSTRUCTION AT DUNWOODY IS STRUCTURED ON A 16-WEEK SEMESTER. AN ACADEMIC YEAR INCLUDES TWO 16-WEEK SEMESTERS WITH A NINE-WEEK SUMMER SESSION. PROGRAMS OF INSTRUCTION MAY LEAD TO A CERTIFICATE, ASSOCIATE OF APPLIED SCIENCE (A.A.S.) DEGREE, A BACHELOR OF SCIENCE (B.S.) DEGREE, OR A BACHEOR OF ARCHITECTURE (B.ARCH.) DEGREE. IT IS DUNWOODY'S GOAL THAT GRADUATING STUDENTS WILL BECOME RESPONSIBLE, CONTRIBUTING CITIZENS AS WELL AS ABLE TECHNICIANS AND LEADERS IN THEIR PROFESSIONS. DUNWOODY ALSO OFFERS TRAINING OPPORTUNITIES TO BOTH INDIVIDUALS AND COMPANIES THROUGH WORKFORCE TRAINING & CONTINUING EDUCATION.AS OF FALL SEMESTER 2021, DUNWOODY HAD AN ENROLLMENT OF 1,382 STUDENTS. FOR THE 2020-21 ACADEMIC YEAR, DUNWOODY CAREER SERVICES REPORTS A PLACEMENT RATE OF 95 PERCENT AND AN AVERAGE OF 13.8 JOB INQUIRIES PER GRADUATE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Richard Wagner President | OfficerTrustee | 40 | $320,640 |
Tammy Huddle-Mcgee VP Of Admin Services And CFO | Officer | 40 | $196,626 |
Scott Stallman Provost | Officer | 40 | $168,186 |
Brian Nelson VP Of Institutional Advancement | Officer | 40 | $164,623 |
Patricia Edman VP Of Human Resources | 40 | $143,341 | |
Cynthia Olson VP Of Enrollment Management | 40 | $142,897 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Modern Cleaning Cleaning | 6/29/22 | $361,196 |
Truemedia Llc Marketing/advertising | 6/29/22 | $435,351 |
Universal Protection Service Security | 6/29/22 | $285,594 |
Periscope Marketing/advertising | 6/29/22 | $427,000 |
Cliftonlarsonallen Llp Accounting | 6/29/22 | $234,928 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $100,160 |
| Related organizations | $461,814 |
| Government grants | $3,780,126 |
| All other contributions, gifts, grants, and similar amounts not included above | $17,168,359 |
| Noncash contributions included in lines 1a–1f | $10,136,971 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $21,510,459 |
| Total Program Service Revenue | $31,167,263 |
| Investment income | $560,554 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $298,365 |
| Net Income from Fundraising Events | -$4,872 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $53,531,769 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $5,048,803 |
| Grants and other assistance to Foreign Orgs/Individuals | $26,000 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $965,292 |
| Compensation of current officers, directors, key employees. | $570,539 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $15,563,845 |
| Pension plan accruals and contributions | $420,990 |
| Other employee benefits | $1,395,352 |
| Payroll taxes | $1,245,068 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $116,105 |
| Fees for services: Accounting | $84,516 |
| Fees for services: Lobbying | $6,000 |
| Fees for services: Fundraising | $85,431 |
| Fees for services: Investment Management | $260,815 |
| Fees for services: Other | $625,355 |
| Advertising and promotion | $1,675,157 |
| Office expenses | $1,741,544 |
| Information technology | $1,830,955 |
| Royalties | $0 |
| Occupancy | $2,960,368 |
| Travel | $83,017 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $757,627 |
| Interest | $132,563 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $1,663,603 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $37,825,093 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $13,844,617 |
| Savings and temporary cash investments | $10,013,674 |
| Pledges and grants receivable | $301,020 |
| Accounts receivable, net | $310,718 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $476,295 |
| Net Land, buildings, and equipment | $19,714,416 |
| Investments—publicly traded securities | $21,500,311 |
| Investments—other securities | $9,310,275 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $75,471,326 |
| Accounts payable and accrued expenses | $3,386,516 |
| Grants payable | $0 |
| Deferred revenue | $345,573 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $3,413,216 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $569,376 |
| Total liabilities | $7,714,681 |
| Net assets without donor restrictions | $34,256,160 |
| Net assets with donor restrictions | $33,500,485 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $75,471,326 |
Grants Recieved
Over the last fiscal year, we have identified 4 grants that Dunwoody College Of Technology has recieved totaling $37,000.
| Awarding Organization | Amount |
|---|---|
Patch Foundation Minneapolis, MN PURPOSE: EDUCATIONAL | $15,000 |
Nvent Foundation Minneapolis, MN PURPOSE: SUPPORT STEM EDUCATION | $10,000 |
Gregg W And Denise E Steinhafel Family Foundation Wayzata, MN PURPOSE: GENERAL FUND | $10,000 |
James L Reissner Family Foundation Minneapolis, MN PURPOSE: TO FURTHER CHARITABLE PURPOSE | $2,000 |
Endowment Analysis
| Beg. Balance | $29,277,919 |
| Earnings | -$4,016,108 |
| Net Contributions | $10,114,443 |
| Other Expense | $801,517 |
| Ending Balance | $34,574,737 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Dunwoody College Of Technology Minneapolis, MN | $75,471,326 | $53,531,769 |
Milwaukee Area Technical College Foundation Inc Milwaukee, WI | $33,356,211 | $18,292,742 |
Discovery World Ltd Milwaukee, WI | $54,832,813 | $7,226,516 |
Minnesota New Country School Henderson, MN | $1,127,805 | $3,737,016 |
Minneapolis Pipefitters Joint Journeymen And Apprentice Training Brooklyn Park, MN | $15,538,890 | $2,978,967 |
Concerned Inc Harlan, IA | $2,766,277 | $2,998,754 |
Plumbing And Pipefitting Educational Program Appleton, WI | $1,943,738 | $2,838,447 |
Finishing Trades Institute Of The Upper Midwest Trust Fund Little Canada, MN | $3,520,165 | $2,977,173 |
Local Union No 125 Jatc Fund Cedar Rapids, IA | $4,880,798 | $1,959,097 |
Plumbers & Steamfitters Local 434 Training Fund Mosinee, WI | $2,625,989 | $1,896,498 |
Dakotas Area Electrical Apprenticeship & Training Fund Tru Fargo, ND | $2,437,176 | $1,301,898 |
Cedar Rapids Electrical Apprenticeship Training & Educ Tr Cedar Rapids, IA | $2,818,153 | $1,136,825 |