Overview
What is Minnesota Technology Foundation Inc?
Minnesota Technology Foundation Inc is a nonprofit organization located at 400 South Fourth Street 416, Minneapolis, Minnesota 55415. Their primary mission is to cultivate and sustain a prosperous STEM workforce within the state of Minnesota. In this pursuit, they serve as a fiscal agent for an educational program supported by 3M, managing payments worth approximately $158,066 in 2022 and charging an administrative fee of $12,650 annually. Their role is instrumental in fostering the growth and development of a skilled and innovative STEM workforce within Minnesota.
Official website here: www.mntech.org
Is Minnesota Technology Foundation Inc legitimate?
Minnesota Technology Foundation Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Minnesota Technology Foundation Inc submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
Heare are some key statistics you may want to consider:
Executive Compensation: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
For more financial information, click here
Official website here: www.mntech.org
What is the mission statement of Minnesota Technology Foundation Inc?
The Minnesota Technology Foundation's mission is centered around fostering and cultivating a prosperous STEM workforce within the broader context. This organization strives to achieve this goal by acting as a facilitator and providing support. One of their initiatives involves serving as a fiscal agent for the 3M TWIST program, managing payments and receiving an annual administrative fee. This program and its associated activities are contributing to the development of a skilled STEM workforce in Minnesota.
Official website here: www.mntech.org
Who is the CEO of Minnesota Technology Foundation Inc?
Jeff Tollefson is the Mta President/Ceo of Minnesota Technology Foundation Inc. The CEO's salary of Minnesota Technology Foundation Inc is $0 and their total compensation is $0.
Official website here: www.mntech.org
What is the revenue of Minnesota Technology Foundation Inc?
Minnesota Technology Foundation Inc's revenue in 2022 was $220,273.
Official website here: www.mntech.org
Who are the executives of Minnesota Technology Foundation Inc and what are their salaries?
There 9 volunteers at Minnesota Technology Foundation Inc.
Here are 9 key members and their salaries (Minnesota Technology Foundation Inc's CEO's salary is $0 and their total compensation is $0):
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Official website here: www.mntech.org
Where can I find the form 990 for Minnesota Technology Foundation Inc?
Minnesota Technology Foundation Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.mntech.org
Learn more at the official website: www.mntech.org
Mission Statement of Minnesota Technology Foundation Inc
Minnesota Technology Foundation Inc, as its mission statement suggests, is dedicated to nurturing and fostering a prosperous STEM workforce in Minnesota. The organization's primary objective is to contribute to the growth and development of a skilled workforce in the fields of Science, Technology, Engineering, and Mathematics. By doing so, it aims to enhance Minnesota's overall economic and technological landscape.
In pursuit of this mission, Minnesota Technology Foundation Inc serves as a fiscal agent for educational programs. One such program is the 3M TWIST Program. In this role, the foundation manages payments and receives an administrative fee, demonstrating its commitment to supporting STEM education initiatives. This active involvement in fostering STEM education is a crucial step towards building a thriving STEM workforce in the state.
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Impact
October, 2024
Minnesota Technology Foundation Inc significantly contributes to the development of a robust STEM workforce in Minnesota. By acting as a fiscal agent for educational programs, such as the 3M TWIST Program, the Foundation plays a crucial role in facilitating funding and resources for STEM initiatives. In 2022 alone, the Foundation processed approximately $158,066 for this program, highlighting its financial stewardship and commitment to education.
Through its efforts, the Foundation not only enhances access to quality STEM education but also helps cultivate a skilled workforce that meets the demands of the technology sector. This impact resonates throughout the community and the economy, promoting innovation and positioning Minnesota as a leader in STEM fields. The Foundation's mission directly supports educational programs designed to inspire and equip the next generation of STEM professionals, ensuring a bright future for both individuals and the industry as a whole.
This information is meant to be a general summary of Minnesota Technology Foundation Inc. Please take the time to review official sources before making any decisions based upon the content provided here.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Investment Income: $543
- Program Service Revenue: $29,940
- Gross Receipts: $220,273
Assets and Liabilities:
- Total Assets: $503,211
- Total Liabilities: $324,908
- Net Assets: $178,303
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
STEM PROGRAM REVENUE
Revenue
$29,940
Organization Details
Founding Year
1987
Phone
(952) 230-4555Principal Officer
Jeff Tollefson
Main Address
400 SOUTH FOURTH STREET 416, MINNEAPOLIS, MN, 55415
Website
www.mntech.orgNTEE Category
Code: B82 - Education
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