Mitchell Technical Institute Foundation

Organization Overview

Mitchell Technical Institute Foundation is located in Mitchell, SD. The organization was established in 2000. According to its NTEE Classification (B82) the organization is classified as: Scholarships & Student Financial Aid, 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. Mitchell Technical Institute 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, Mitchell Technical Institute Foundation generated $1.8m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 5.1% each year. All expenses for the organization totaled $1.5m during the year ending 06/2022. While expenses have increased by 5.0% 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.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2022

Describe the Organization's Mission:

Part 3 - Line 1

THE FOUNDATION'S MISSION IS TO SUPPORT MITCHELL TECHNICAL INSTITUTE IN PROVIDING STUDENTS THE SKILLS FOR SUCCESS IN TECHNICAL CAREERS. THIS IS DONE THROUGH SCHOLARSHIPS FOR STUDENTS AND ACQUISITIONS OF UPDATED EQUIPMENT AND TOOLS TO ENSURE UPDATED CURRICULUM IN ALL PROGRAMS.

Describe the Organization's Program Activity:

Part 3 - Line 4a

THE FOUNDATION PROVIDED SUPPORT TO THE PROGRAMS AND INSTRUCTORS OF MITCHELL TECHNICAL COLLEGE WITH BOTH CASH AND NONCASH AWARDS.


THE FOUNDATION AWARDED 226 SCHOLARSHIPS TO STUDENTS ENROLLED AT MITCHELL TECHNICAL COLLEGE


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Board, Officers & Key Employees

Name (title)Compensation
David Kayser
President
$0
Mike Sprang
Vice Preside
$0
Mark Eyre
Secretary/ T
$0
Jared Hofer
Ex-Officio
$0
Trent Dowling
Trustee
$0
Terry Sabers
Trustee
$0

Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$0
Fundraising events$0
Related organizations$0
Government grants $0
All other contributions, gifts, grants, and similar amounts not included above$1,435,691
Noncash contributions included in lines 1a–1f $830,882
Total Revenue from Contributions, Gifts, Grants & Similar$1,435,691
Total Program Service Revenue$0
Investment income $99,015
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $0
Net Gain/Loss on Asset Sales $238,574
Net Income from Fundraising Events $0
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $1,773,280

Grants Recieved

Over the last fiscal year, we have identified 8 grants that Mitchell Technical Institute Foundation has recieved totaling $1,478,313.

Awarding OrganizationAmount
South Dakota Community Foundation

Pierre, SD

PURPOSE: Education

$1,315,095
South Dakota Community Foundation

Pierre, SD

PURPOSE: Education

$123,528
Durnill Charitable Tr

Milwaukee, WI

PURPOSE: SCHOLARSHIPS

$12,400
Chs Foundation

Inver Grove Heights, MN

PURPOSE: 2021/22 UNIVERSITY PARTNER PROGRAM

$10,000
Xcel Energy Foundation

Minneapolis, MN

PURPOSE: EDUCATION GRANT

$7,000
Edward L Schwab Memorial Foundation

Aberdeen, SD

PURPOSE: SCHOLARSHIPS

$6,285
View Grant Recipient Profile

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