North Hennepin Community College Foundation
- Assets
- $1.3m
- Revenue
- $836.2k
- Investments
- $0.0
- Employees
- 0
- Location
- Brooklyn Park, MN
- Founding
- 08/1983
- Data as of
- 06/2022
- EIN
- 41-1431459
Organization Overview
North Hennepin Community College Foundation is located in Brooklyn Park, MN. The organization was established in 1983. According to its NTEE Classification (B11) the organization is classified as: Single Organization Support, under the broad grouping of Education and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. North Hennepin Community College Foundation 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, North Hennepin Community College Foundation generated $836.2k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 4.3% each year. All expenses for the organization totaled $723.9k during the year ending 06/2022. 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
THE MISSION OF THE NORTH HENNEPIN COMMUNITY COLLEGE FOUNDATION IS TO CREATE ACCESS TO QUALITY EDUCATIONAL OPPORTUNITIES BY ENERGIZING AND MOBILIZING COMMUNITY, COLLEGE, AND ALUMNI RESOURCES ON BEHALF OF NORTH HENNEPIN COMMUNITY COLLEGE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
SCHOLARSHIPS AND EMERGENCY AID PAID FOR STUDENTS.
SUPPORT TO NORTH HENNEPIN COMMUNITY COLLEGE FOR COLLEGE PROGRAMS AND INITIATIVES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Stacie Haugen President | OfficerTrustee | 2 | $0 |
Joseph Wallace Vice President | OfficerTrustee | 2 | $0 |
Tom Smith Treasurer | OfficerTrustee | 2 | $0 |
Kelly Johnson Secretary | OfficerTrustee | 2 | $0 |
Dave Kiser Past President | Trustee | 2 | $0 |
Ann Uhde Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $18,659 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $725,900 |
| Noncash contributions included in lines 1a–1f | $374,142 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $744,559 |
| Total Program Service Revenue | $0 |
| Investment income | $85,404 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $2,134 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $836,236 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $239,881 |
| Grants and other assistance to domestic individuals. | $164,457 |
| 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 | $205,068 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $77,884 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $5,675 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $3,240 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $4,159 |
| Information technology | $0 |
| 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 | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $723,912 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $265,092 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $750 |
| 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 | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $1,050,027 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $1,315,869 |
| Accounts payable and accrued expenses | $0 |
| 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 | $0 |
| Net assets without donor restrictions | -$62,794 |
| Net assets with donor restrictions | $1,378,663 |
| 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 | $1,315,869 |
Grants Awarded
Over the last fiscal year, North Hennepin Community College Foundation has awarded $239,881 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
Brooklyn Park, MN PURPOSE: Equipment, Art work, and Art Supplies | $223,130 |
Brooklyn Park, MN PURPOSE: Scholarship, Student Emergency Aid and Academic Program Support | $16,751 |
Grants Recieved
Over the last fiscal year, we have identified 7 grants that North Hennepin Community College Foundation has recieved totaling $262,595.
| Awarding Organization | Amount |
|---|---|
North Hennepin Community College Foundation Brooklyn Park, MN PURPOSE: Equipment, Art work, and Art Supplies | $223,130 |
American Endowment Foundation Hudson, OH PURPOSE: EDUCATIONAL | $21,000 |
North Hennepin Community College Foundation Brooklyn Park, MN PURPOSE: Scholarship, Student Emergency Aid and Academic Program Support | $16,751 |
Michael & Susan Dell Foundation Austin, TX PURPOSE: SCHOLARSHIP FOR YURUB MUHUMED | $1,000 |
Walter C Rasmussen Foundation Minneapolis, MN PURPOSE: GENERAL SUPPORT | $500 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $114 |
Endowment Analysis
| Beg. Balance | $1,144,177 |
| Earnings | -$202,662 |
| Net Contributions | $214,784 |
| Other Expense | $106,271 |
| Ending Balance | $1,050,028 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Und Aerospace Foundation Grand Forks, ND | $87,259,673 | $35,764,126 |
South Dakota State University Foundation Brookings, SD | $287,960,105 | $54,798,337 |
Und Alumni Association And Foundation Grand Forks, ND | $413,170,247 | $55,226,015 |
North Dakota State University Foundation Fargo, ND | $450,450,295 | $29,663,255 |
Northern State University Foundation Aberdeen, SD | $84,974,607 | $23,577,331 |
University Of South Dakota Foundation Vermillion, SD | $352,818,128 | $49,591,248 |
Ics Support Organization Inc Franklin, WI | $552,959,577 | $28,861,342 |
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 |