Normandale Community College Foundation Inc
- Assets
- $6.3m
- Revenue
- $2.8m
- Investments
- $0.0
- Employees
- 4
- Location
- Bloomington, MN
- Founding
- 04/1977
- Data as of
- 06/2022
- EIN
- 41-1295802
Organization Overview
Normandale Community College Foundation Inc is located in Bloomington, MN. The organization was established in 1977. According to its NTEE Classification (B11) the organization is classified as: Single Organization Support, under the broad grouping of Education and related organizations. As of 06/2022, Normandale Community College Foundation Inc employed 4 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Normandale Community College Foundation Inc 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, Normandale Community College Foundation Inc generated $2.8m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 11.3% each year . All expenses for the organization totaled $1.1m during the year ending 06/2022. While expenses have increased by 2.7% 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
NORMANDALE COMMUNITY COLLEGE FOUNDATION ENGAGES DONORS, COMMUNITY PARTNERS, AND ADVOCATES IN THE COLLEGE'S WORK TO MAKE EXCELLENCE IN HIGHER EDUCATION ACCESSIBLE TO ALL. THE FOUNDATION CREATES BRIGHTER FUTURES FOR STUDENTS, FAMILIES, AND COMMUNITIES BY FUNDING LIFE-CHANGING SCHOLARSHIPS, ACADEMIC PROGRAMS AND PROJECTS, AND CRITICAL STUDENT SUPPORTS LIKE THE COLLEGE'S CAMPUS CUPBOARD (ONSITE FOOD SHELF) AND EMERGENCY GRANTS. THE FOUNDATION ALSO SUPPORTS THE NORMANDALE JAPANESE GARDEN.
Describe the Organization's Program Activity:
Part 3 - Line 4a
SCHOLARSHIPS: THE FOUNDATION MANAGES A DIVERSE PORTFOLIO OF ENDOWED AND OTHER SCHOLARSHIPS THAT COLLECTIVELY PROVIDED $502,664 IN DIRECT STUDENT AID IN FY 22. SCHOLARSHIPS TYPICALLY RANGE FROM $500 TO $3,000 EACH. THE FOUNDATION AWARDED 725 SCHOLARSHIPS AND DEPARTMENTAL AWARDS IN FY 22.
COLLEGE IMPROVEMENTS AND PROGRAM SUPPORT: IN FY 22, THE FOUNDATION PROVIDED $237,783 TO FURTHER INITIATIVES SUCH AS ENDING STUDENT HUNGER AND TO ADVANCE ONGOING INNOVATION IN TEACHING AND LEARNING THROUGH GRANTS TO ACADEMIC DEPARTMENTS FOR EQUIPMENT, SPECIALIZED LEARNING EXPERIENCES, AND MORE.
JAPANESE GARDEN SUPPORT: DESIGNED BY KYOTO-BASED LANDSCAPE ARCHITECT TAKAO WATANABE AND DEDICATED IN 1976, THE NORMANDALE JAPANESE GARDEN SERVES AS A TRANQUIL OASIS AND PLACE OF RENEWAL FOR OUR COLLEGE COMMUNITY AND VISITORS FROM FAR AND WIDE. THE GARDEN IS HOME TO MORE THAN 300 PLANTS, SHRUBS, AND TREES AND SERVES AS A MEMORIAL TO JAPANESE-AMERICAN VETERANS.
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Scott Grossbauer Chair Elect | OfficerTrustee | 2 | $0 |
Rome Poppler Chair | OfficerTrustee | 2 | $0 |
Josh Villas Treasurer | OfficerTrustee | 2 | $0 |
Teresa Biss Secretary | OfficerTrustee | 2 | $0 |
Jane Fenton Executive Director | Officer | 10 | $0 |
Andrea Specht Executive Director | Officer | 15 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $155,045 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $2,305,950 |
| Noncash contributions included in lines 1a–1f | $155,184 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $2,460,995 |
| Total Program Service Revenue | $106,145 |
| Investment income | $89,681 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $175,384 |
| Net Income from Fundraising Events | -$12,915 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $452 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $2,819,852 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $238,503 |
| Grants and other assistance to domestic individuals. | $502,664 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $184,790 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $17,151 |
| Payroll taxes | $13,699 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $30 |
| Fees for services: Accounting | $13,500 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $36,760 |
| Fees for services: Other | $41,844 |
| Advertising and promotion | $1,715 |
| Office expenses | $10,279 |
| Information technology | $30,580 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $11,345 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $1,873 |
| All other expenses | $0 |
| Total functional expenses | $1,122,352 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $219,046 |
| Savings and temporary cash investments | $620,020 |
| Pledges and grants receivable | $913,600 |
| Accounts receivable, net | $0 |
| 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 | $2,500 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $4,565,345 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $6,320,511 |
| Accounts payable and accrued expenses | $46,535 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| 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 | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $46,535 |
| Net assets without donor restrictions | $941,527 |
| Net assets with donor restrictions | $5,332,449 |
| 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 | $6,320,511 |
Grants Recieved
Over the last fiscal year, we have identified 10 grants that Normandale Community College Foundation Inc has recieved totaling $1,528,779.
| Awarding Organization | Amount |
|---|---|
Margaret A Cargill Foundation Eden Prairie, MN PURPOSE: DIVERSIFYING THE SPECIAL EDUCATION TEACHER CORPS THROUGH ACCESSIBLE PATHWAYS | $870,000 |
Margaret A Cargill Foundation Eden Prairie, MN PURPOSE: DIVERSIFYING THE SPECIAL EDUCATION TEACHER CORPS THROUGH ACCESSIBLE PATHWAYS | $630,000 |
Xcel Energy Foundation Minneapolis, MN PURPOSE: MATCHING EMPLOYEE DONATION / EDUCATION GRANT | $10,500 |
Chorzempa Family Foundation Minneapolis, MN PURPOSE: SCHOLARSHIPS | $6,000 |
Minneapolis Foundation Minneapolis, MN PURPOSE: EDUCATION | $5,029 |
Prime Together Foundation Eagan, MN PURPOSE: TO HELP FIGHT INEQUALITIES, INJUSTICE AND INTOLERANCE IN ALL ITS FORMS | $5,000 |
Endowment Analysis
| Beg. Balance | $825,411 |
| Earnings | -$95,978 |
| Net Contributions | $111,046 |
| Ending Balance | $840,479 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
University Of Northern Iowa Foundation Cedar Falls, IA | $173,378,893 | $31,725,389 |
National Assistance Foundation Des Moines, IA | $16,519,301 | $16,875,706 |
Sioux Falls Christian Schools Association Sioux Falls, SD | $33,580,780 | $15,294,565 |
University Research Park Inc Madison, WI | $162,117,796 | $19,527,506 |
Grinnell College Medical Benefit Plan Trust Agreement Grinnell, IA | $11,174,588 | $9,791,771 |
University Of Wisconsin-Eau Claire Foundation Inc Eau Claire, WI | $103,402,476 | $22,599,486 |
Iowa State University Research Park Corp Ames, IA | $68,199,725 | $11,124,615 |
Minnesota State University Mankato Foundation Incorporated Mankato, MN | $77,015,205 | $9,285,148 |
University Gateway Corporation Minneapolis, MN | $78,655,248 | $6,023,242 |
Charles & Ellora Alliss Educational Foundation Milwaukee, WI | $87,576,345 | $9,781,011 |
Iowa High School Athleticassociation Boone, IA | $17,327,220 | $5,760,245 |
St Cloud State University Foundation Inc St Cloud, MN | $54,919,652 | $10,818,973 |