2025-01-21T20:21:14-06:00 2024-06-30 390859910 BAKER TILLY ADVISORY GROUP LP 225 S 6TH ST 2300 MINNEAPOLIS MN 55402 990 2023-07-01 510166951 MINNESOTA PRIVATE COLLEGE FUND MINN 6512289061 BREMER TOWER 445 MINNESOTA ST 500 ST PAUL MN 55101 PAUL D CERKVENIK PRESIDENT & CEO 6512289061 2025-01-20 1 1 KAREN A GRIES P00078514 6128764500 2025-01-20 2023 2024-10-15 13:58:12Z PAUL D CERKVENIK BREMER TOWER 445 MINNESOTA ST 500 ST PAUL MN 55101 1909121 0 X WWW.MNPRIVATECOLLEGES.ORG X 1975 MN THE MINNESOTA PRIVATE COLLEGE FUND SERVES THE SHARED NEEDS OF ITS MEMBERS BY SEEKING PHILANTHROPIC SUPPORT FROM CORPORATIONS, FOUNDATIONS AND OTHERS FOR THE BENEFIT OF ITS MEMBER COLLEGES AND UNIVERSITIES AND THE STUDENTS THEY EDUCATE. 34 33 0 34 0 0 1647654 1581533 315164 324250 184 188 3150 3150 1966152 1909121 978862 969082 0 0 0 0 33000 0 259656 980646 1248151 1992508 2217233 -26356 -308112 2945928 2444110 401429 207723 2544499 2236387 THE MINNESOTA PRIVATE COLLEGE FUND SERVES THE SHARED NEEDS OF ITS MEMBERS BY SEEKING PHILANTHROPIC SUPPORT FROM CORPORATIONS, FOUNDATIONS, AND OTHERS FOR THE BENEFIT OF ITS MEMBER COLLEGES AND UNIVERSITIES AND THE STUDENTS THEY EDUCATE. 0 0 969062 969062 327400 DISTRIBUTION OF FINANCIAL SUPPORT FOR THE 17 MEMBER PRIVATE COLLEGES, THEIR STUDENTS, AND FUND-OPERATED SCHOLARSHIP PROGRAMS THAT SUPPORT STUDENTS AT MEMBER PRIVATE COLLEGES. EVERY DOLLAR RAISED THROUGH FUNDRAISING GOES DIRECTLY TO (1) THE 17 MEMBER INSTITUTIONS IN THE FORM OF GENERAL OPERATING SUPPORT, AND (2) TO STUDENTS ENROLLED IN MEMBER INSTITUTIONS IN THE FORM OF SCHOLARSHIPS. EACH MEMBER INSTITUTION PAYS ANNUAL DUES TO MPCF, WHICH COVER ALL THE FUND'S GENERAL OVERHEAD, FUNDRAISING, AND ADMINISTRATIVE EXPENSES. 210273 THE INNOVATION SCHOLARS PROGRAM IS A COLLABORATIVE PROGRAM OFFERING SELECTED MULTI-DISCIPLINARY TEAMS OF STUDENTS THE OPPORTUNITY TO RESEARCH PROJECTS WITH START-UP AND EARLY-STAGE MEDICAL COMPANIES AND THE MAYO CLINIC. INNOVATION SCHOLARS PROGRAMMING EXPOSES STUDENTS TO THE AMBIGUITIES OF "REAL WORLD" INNOVATION AND ENTREPRENEURSHIP, THE ROLE OF TEAMWORK, CROSS-DISCIPLINARY COLLABORATION, IN-DEPTH RESEARCH, ANALYSIS, AND CREATIVITY. THIRTEENTH INSTITUTIONS AND 60 STUDENTS PARTICIPATED IN 2023-2024. 743034 20 TRAILBLAZERS OFFERS A UNIQUE TWO-YEAR LEADERSHIP PROGRAM FOR BLACK MEN AT OUR MEMBER COLLEGES. THE PROGRAM COMBINES A TWO-YEAR SCHOLARSHIP WITH COMPREHENSIVE ACADEMIC AND PROFESSIONAL ADVISING, CULTURALLY RELEVANT MENTORING, LEADERSHIP DEVELOPMENT, FINANCIAL LITERACY PROGRAMMING, EXPERIENTIAL LEARNING, NETWORKING OPPORTUNITIES WITH BLACK PROFESSIONALS, AND CAREER PREPARATION. 1922369 1 1 0 0 0 0 0 0 0 0 0 0 0 0 0 1 1 0 0 0 0 0 0 1 0 0 0 1 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 1 0 1 X 155 0 0 0 0 0 0 0 0 0 0 0 0 0 0 X 34 33 0 0 0 0 0 1 0 1 1 0 0 1 1 1 1 1 1 0 0 0 MN X PAUL D CERKVENIK 6512936807 445 MINNESOTA ST 500 ST PAUL MN 55101 BARBARA MCDONALD CHAIR 3.00 1.00 X X 0 0 0 TIM MORIN VICE CHAIR 1.00 1.00 X X 0 0 0 GENE PFEIFER TREASURER & SECRETARY 1.00 1.00 X X 0 0 0 ROSS ALLEN DIRECTOR 1.00 1.00 X 0 0 0 PAUL ANDERSON DIRECTOR 1.00 1.00 X 0 0 0 SARINA BAKER DIRECTOR 1.00 1.00 X 0 0 0 REBECCA BERGMAN DIRECTOR 1.00 1.00 X 0 0 0 ALISON BROWN DIRECTOR 1.00 1.00 X 0 0 0 BRIAN BRUESS DIRECTOR 1.00 1.00 X 0 0 0 REV JAMES P BURNS IVD PHD DIRECTOR 1.00 1.00 X 0 0 0 ALISON BYERLY DIRECTOR 1.00 1.00 X 0 0 0 KATHLEEN COONEY DIRECTOR 1.00 1.00 X 0 0 0 CHRISTOPHER DOLAN DIRECTOR 1.00 1.00 X 0 0 0 SUSAN EICH DIRECTOR 1.00 1.00 X 0 0 0 MATT ENTENZA DIRECTOR 1.00 1.00 X 0 0 0 MELISSA FRANZEN DIRECTOR 1.00 1.00 X 0 0 0 BRIAN FRIEDRICH DIRECTOR 1.00 1.00 X 0 0 0 AJAY GUPTA DIRECTOR 1.00 1.00 X 0 0 0 COLIN IRVINE DIRECTOR 1.00 1.00 X 0 0 0 ANTHONY KELLEY DIRECTOR 1.00 1.00 X 0 0 0 DAN LORITZ DIRECTOR 1.00 1.00 X 0 0 0 FAYNEESE MILLER DIRECTOR 1.00 1.00 X 0 0 0 GREGG PETERSON DIRECTOR 1.00 1.00 X 0 0 0 PATRICIA PRATT COOK DIRECTOR 1.00 1.00 X 0 0 0 PAUL PRIBBENOW DIRECTOR 1.00 1.00 X 0 0 0 SUZANNE RIVERA DIRECTOR 1.00 1.00 X 0 0 0 REBECCA KOENIG ROLOFF DIRECTOR 1.00 1.00 X 0 0 0 SUSAN RUNDELL SINGER DIRECTOR 1.00 1.00 X 0 0 0 SANJIT SETHI DIRECTOR 1.00 1.00 X 0 0 0 NICHOLAS VAN DEELEN DIRECTOR 1.00 1.00 X 0 0 0 ROB VISCHER DIRECTOR 1.00 1.00 X 0 0 0 NANCY WALLACE DIRECTOR 1.00 1.00 X 0 0 0 DE'MON WIGGINS DIRECTOR 1.00 1.00 X 0 0 0 PAUL D CERKVENIK PRESIDENT AND CEO 52.00 3.00 X 0 407289 76359 ERIN OMBERG FINANCE AND OPERATIONS AND CFO 40.00 1.00 X 0 16923 0 0 424212 76359 0 0 1 0 0 1581533 1581533 QUARTERLY ASSESSMENTS 611710 324250 324250 324250 188 188 MISCELLANEOUS REVENUE 900099 3150 3150 3150 1909121 327400 0 188 X 969082 969082 20842 6878 1667 12297 12896 4256 1032 7608 911410 695611 25767 190032 37087 12239 2967 21881 68317 65510 335 2472 15324 5057 1226 9041 9619 3174 770 5675 106308 106308 48300 48300 DUES & SUBSCRIPTIONS 17848 5888 1428 10532 PROFESSIONAL DEVELOPMEN 200 66 16 118 2217233 1922369 35208 259656 2148806 1774556 791822 664254 5300 5300 2945928 2444110 43587 81259 192443 126464 165399 0 401429 207723 X 631820 546267 1912679 1690120 2544499 2236387 2945928 2444110 -308112 0 X X 0 1 X 1 0 X 1273828 1489862 1966666 1647654 1581533 7959543 1273828 1489862 1966666 1647654 1581533 7959543 4574545 3384998 1841 746 128 184 188 3087 8660 5783 2500 3150 3150 23243 7985873 1549949 0.42390 0.41920 X SCHEDULE A, PART II, LINE 10, EXPLANATION OF OTHER INCOME: MISCELLANEOUS REVENUE - 2019 AMOUNT: $ 8,660. 2020 AMOUNT: $ 5,783. 2021 AMOUNT: $ 2,500. 2022 AMOUNT: $ 3,150. 2023 AMOUNT: $ 3,150. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 X 1953581 44460 44460 1909121 0 1909121 2261693 44460 44460 2217233 0 2217233 PART X, LINE 2: THE FUND FOLLOWS THE ACCOUNTING STANDARDS FOR CONTINGENCIES IN EVALUATING UNCERTAIN TAX POSITIONS. THIS GUIDANCE PRESCRIBES RECOGNITION THRESHOLD PRINCIPLES FOR THE FINANCIAL STATEMENT RECOGNITION OF TAX POSITIONS TAKEN OR EXPECTED TO BE TAKEN ON A TAX RETURN THAT ARE NOT CERTAIN TO BE REALIZED. NO LIABILITY HAS BEEN RECOGNIZED BY THE FUND FOR UNCERTAIN TAX POSITIONS AS OF JUNE 30, 2024 AND 2023. THE FUND'S TAX RETURNS ARE SUBJECT TO REVIEW AND EXAMINATION BY FEDERAL AND STATE AUTHORITIES. X X 1 ELLEN CHRISTINE LLC 3916 26TH AVE S MINNEAPOLIS MN 55406 PROFESSIONAL FUNDRAISING 0 0 44000 -44000 44000 -44000 MN 1 AUGSBURG COLLEGE 2211 RIVERSIDE AVE MINNEAPOLIS MN 55454 410694721 501(C)(3) 77642 0 OPERATIONS, STUDENT SCHOLARSHIPS BETHANY LUTHERAN COLLEGE 700 LUTHER DR MANKATO MN 56001 410747165 501(C)(3) 27113 0 OPERATIONS, STUDENT SCHOLARSHIPS BETHEL UNIVERSITY 3900 BETHEL DR ST PAUL MN 55112 410708577 501(C)(3) 32730 0 OPERATIONS, STUDENT SCHOLARSHIPS CARLETON COLLEGE ONE NORTH COLLEGE ST NORTHFIELD MN 55057 410694747 501(C)(3) 49249 0 OPERATIONS, STUDENT SCHOLARSHIPS COLLEGE OF SAINT BENEDICT 37 COLLEGE AVE SO ST JOSEPH MN 56374 410969244 501(C)(3) 33650 0 OPERATIONS, STUDENT SCHOLARSHIPS COLLEGE OF ST SCHOLASTICA 1200 KENWOOD AVE DULUTH MN 55811 410698301 501(C)(3) 40927 0 OPERATIONS, STUDENT SCHOLARSHIPS CONCORDIA COLLEGE 901 SOUTH 8TH ST MOORHEAD MN 56562 410693977 501(C)(3) 93917 0 OPERATIONS, STUDENT SCHOLARSHIPS CONCORDIA UNIVERSITY 275 NORTH SYNDICATE ST PAUL MN 55104 410696906 501(C)(3) 46028 0 OPERATIONS, STUDENT SCHOLARSHIPS GUSTAVUS ADOLPHUS COLLEGE 800 WEST COLLEGE AVE ST PETER MN 56082 410695524 501(C)(3) 80090 0 OPERATIONS, STUDENT SCHOLARSHIPS HAMLINE UNIVERSITY 1536 HEWITT AVE ST ST PAUL MN 55104 410693960 501(C)(3) 48242 0 OPERATIONS, STUDENT SCHOLARSHIPS MACALESTER COLLEGE 1600 GRAND AVE ST PAUL MN 55105 410693962 501(C)(3) 42130 0 OPERATIONS, STUDENT SCHOLARSHIPS MINNEAPOLIS COLLEGE OF ART & DESIGN 2501 STEVENS AVE SO MINNEAPOLIS MN 55404 411607453 501(C)(3) 55642 0 OPERATIONS, STUDENT SCHOLARSHIPS SAINT JOHN'S UNIVERSITY PO BOX 2000 COLLEGEVILLE MN 56321 453656162 501(C)(3) 62396 0 OPERATIONS, STUDENT SCHOLARSHIPS SAINT MARY'S UNIVERSITY OF MINNESOTA 700 TERRACE HEIGHTS WINONA MN 55987 410695527 501(C)(3) 57970 0 OPERATIONS, STUDENT SCHOLARSHIPS ST CATHERINE UNIVERSITY 2004 RANDOLPH AVE ST PAUL MN 55105 410695509 501(C)(3) 71975 0 OPERATIONS, STUDENT SCHOLARSHIPS ST OLAF COLLEGE 1520 ST OLAF AVE NORTHFIELD MN 55057 410693979 501(C)(3) 52603 0 OPERATIONS, STUDENT SCHOLARSHIPS UNIVERSITY OF ST THOMAS 2115 SUMMIT AVE ST PAUL MN 55115 410693970 501(C)(3) 168665 0 OPERATIONS, STUDENT SCHOLARSHIPS 17 0 PART I, LINE 2: MINNESOTA PRIVATE COLLEGE FUND MEMBERS ARE PROVIDED WITH SCHOLARSHIP GUIDELINES AND RESTRICTIONS IN ACCORDANCE WITH DONOR RESTRICTIONS. EACH MEMBER INSTITUTION AWARDS SCHOLARSHIPS BASED ON THESE GUIDELINES AND ALL DISBURSEMENTS ARE MONITORED BY EACH RESPECTIVE INSTITUTION'S FINANCIAL AID OFFICE. SCHEDULE I, PART II: GRANTS AND ASSISTANCE TO MEMBERS IS REPORTED ON A CASH BASIS OF ACCOUNTING. 0 0 0 0 0 0 0 0 0 PAUL D CERKVENIK PRESIDENT AND CEO 0 388289 0 0 0 19000 0 29700 0 46659 0 483648 0 0 PART I, LINE 3 THE FUND RELIED ON A RELATED ORGANIZATION, THE MINNESOTA PRIVATE COLLEGE COUNCIL, INC. TO DETERMINE THE COMPENSATION FOR THE PRESIDENT AND CEO. THE RELATED ORGANIZATION USED THE FOLLOWING TO ESTABLISH COMPENSATION FOR THE PRESIDENT AND CEO: COMPENSATION COMMITTEE, INDEPENDENT COMPENSATION CONSULTANT, FORM 990 OF OTHER ORGANIZATIONS, COMPENSATION SURVEY OR STUDY, AND APPROVAL BY THE BOARD OR COMPENSATION COMMITTEE. SCHEDULE J, PART II: THE COMPENSATION LISTED FOR THE PRESIDENT IS DETERMINED BY, AND ENTIRELY PAID FOR, BY THE MINNESOTA PRIVATE COLLEGE COUNCIL, INC., A RELATED NONPROFIT ASSOCIATION. THE MINNESOTA PRIVATE COLLEGE COUNCIL, INC. DONATES THESE SERVICES IN THEIR ENTIRETY TO THE MINNESOTA PRIVATE COLLEGE FUND; NO MINNESOTA PRIVATE COLLEGE FUND RESOURCES OR CONTRIBUTIONS RAISED ARE USED TO PAY FOR THE PRESIDENT'S COMPENSATION FOR SERVICES RENDERED. FORM 990, PART V, LINE 1A & 2A: THE MINNESOTA PRIVATE COLLEGE COUNCIL, INC. AND MINNESOTA PRIVATE COLLEGE FUND ARE RELATED NONPROFIT ASSOCIATIONS UTILIZING A COMMON BOARD OF DIRECTORS AND ADMINISTRATION EXCLUSIVELY FOR THE BENEFIT OF CHARITABLE AND EDUCATIONAL PURPOSES WITH THE OBJECTIVE OF PROMOTING THE GENERAL WELFARE OF HIGHER EDUCATION AND THE ADVANCEMENT OF LEARNING FOR THE PUBLIC GOOD. THE MEMBERSHIP OF THE FUND IS LIMITED TO NONPROFIT, TAX-EXEMPT, INDEPENDENT COLLEGE AND UNIVERSITIES IN THE STATE OF MINNESOTA WITH CURRICULUMS LEADING TO A BACHELOR'S DEGREE THAT ARE FULLY ACCREDITED BY THE HIGHER LEARNING COMMISSION. THERE ARE CURRENTLY 17 MEMBERS. MINNESOTA PRIVATE COLLEGE COUNCIL, INC. SERVES AS EMPLOYER FOR ALL EMPLOYED PERSONNEL PROVIDING SERVICES TO THE MINNESOTA PRIVATE COLLEGE COUNCIL, INC., AND MINNESOTA PRIVATE COLLEGE FUND. THE MINNESOTA PRIVATE COLLEGE FUND REIMBURSES THE MINNESOTA PRIVATE COLLEGE COUNCIL, INC. FOR THE SERVICES OF THREE COUNCIL EMPLOYEES SPENDING 100% OF THEIR TIME ON FUND ACTIVITIES. TO A LIMITED EXTENT, OTHER COUNCIL EMPLOYEES FROM TIME TO TIME PROVIDE MANAGEMENT, ADMINISTRATIVE, OR PROGRAM SUPPORT SERVICES FOR THE FUND, AND TO THE EXTENT THAT SUCH SERVICES ARE PROVIDED, THE COUNCIL PROVIDES THESE SERVICES TO THE FUND ON A DONATED BASIS. FORM 990, PART VI, SECTION A, LINE 1A THE EXECUTIVE COMMITTEE IS COMPRISED OF ANY DIRECTORS WHO ARE NOMINATED BY THE NOMINATING COMMITTEE AND ELECTED TO THE EXECUTIVE COMMITTEE BY THE BOARD OF DIRECTORS, AS WELL AS THE CHAIRPERSON, PAST CHAIRPERSON, VICE CHAIRPERSON, SECRETARY, TREASURER, PRESIDENT, AND, PROVIDED THAT SUCH PERSON IS A DIRECTOR OF THIS CORPORATION, THE CHAIRPERSON OF EACH STANDING COMMITTEE OF THIS CORPORATION AND OF THE PUBLIC POLICY COMMITTEE OF MINNESOTA PRIVATE COLLEGE COUNCIL. THE EXECUTIVE COMMITTEE HAS THE AUTHORITY OF THE BOARD OF DIRECTORS IN THE MANAGEMENT OF THE BUSINESS OF THE CORPORATION IN THE INTERVAL BETWEEN MEETINGS OF THE BOARD OF DIRECTORS. THE EXECUTIVE COMMITTEE IS AT ALL TIMES SUBJECT TO THE CONTROL AND DIRECTION OF THE BOARD OF DIRECTORS. FORM 990, PART VI, SECTION A, LINE 7A THE FOLLOWING PERSONS ARE EX-OFFICIO VOTING MEMBERS OF THE FUND'S BOARD OF DIRECTORS: (1) THE PRESIDENT/CHIEF EXECUTIVE OFFICER OF THE RELATED ORGANIZATION, MINNESOTA PRIVATE COLLEGE COUNCIL AND (2) THE PRESIDENT OF EACH NON-VOTING MEMBER OF THE COUNCIL. FORM 990, PART VI, SECTION B, LINE 11B THE AUDIT COMMITTEE OF THE BOARD PERFORMS A DETAILED REVIEW OF THE FORM 990 AT ITS FALL MEETING AND OFFICIALLY APPROVES IT FOR FILING. FOLLOWING THE AUDIT COMMITTEE'S APPROVAL, THE FORM 990 IS PROVIDED TO EVERY BOARD MEMBER AT LEAST TWO WEEKS PRIOR TO ITS FILING. THERE IS NO FORMAL BOARD ACTION ON THE IRS FORM 990 SUBMISSION UNLESS REQUESTED BY A MEMBER OF THE BOARD. FORM 990, PART VI, SECTION B, LINE 12C ALL BOARD MEMBERS AND SENIOR STAFF ARE ASKED ANNUALLY TO FILL OUT A CONFLICT OF INTEREST DISCLOSURE. PERSONS DISCLOSING A CONFLICT OF INTEREST MUST LEAVE THE GOVERNING BOARD OR COMMITTEE MEETING WHILE THE DETERMINATION OF CONFLICT OF INTEREST IS DISCUSSED AND VOTED UPON. AN INTERESTED PERSON MAY MAKE A PRESENTATION AT THE GOVERNING BOARD OR COMMITTEE MEETING REGARDING THE PROPOSED TRANSACTION OR ARRANGEMENT, BUT THEN MUST LEAVE THE MEETING DURING THE DISCUSSION OF, AND THE VOTE ON, THE TRANSACTION OR ARRANGEMENT INVOLVING POSSIBLE CONFLICT OF INTEREST. FORM 990, PART VI, SECTION C, LINE 19 THE FUND WILL PROVIDE COPIES OF ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS TO THE PUBLIC UPON REQUEST. FORM 990, PART IX, LINE 11G CONSULTING SERVICES: PROGRAM SERVICE EXPENSES 106,289. MANAGEMENT AND GENERAL EXPENSES 25,767. FUNDRAISING EXPENSES 190,032. TOTAL EXPENSES 322,088. STIPENDS: PROGRAM SERVICE EXPENSES 227,352. TOTAL EXPENSES 227,352. ADMINISTRATIVE SERVICES: PROGRAM SERVICE EXPENSES 361,970. TOTAL EXPENSES 361,970. FORM 990, PART XII, LINE 2C: THE PROCESS FOR THE OVERSIGHT AND SELECTION FOR THE AUDIT OF THE FINANCIAL STATEMENTS DID NOT CHANGE. PARTNERS FOR EDUCATION OPPORTUNITY 445 MINNESOTA ST STE 500 ST PAUL MN 55101 411891401 HIGHER EDUCATION RELATED ACTIVITY MN 501(C)(4) N/A N/A 0 MINNESOTA PRIVATE COLLEGE COUNCIL INC 445 MINNESOTA ST STE 500 ST PAUL MN 55101 455394262 HIGHER EDUCATION RELATED ACTIVITY MN 501(C)(4) N/A N/A 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 1 1 0 0 0 MINNESOTA PRIVATE COLLEGE COUNCIL INC P 321596 COST-SALARY REIMBURSEMENT