2025-11-06T09:44:33-06:00 2025-06-30 390859910 BAKER TILLY ADVISORY GROUP LP 225 S 6TH ST 2300 MINNEAPOLIS MN 55402 990 2024-07-01 510166951 MINNESOTA PRIVATE COLLEGE FUND MINN 6512289061 BREMER TOWER 445 MINNESOTA ST 500 ST PAUL MN 55101 PAUL D CERKVENIK PRESIDENT & CEO 6512289061 2025-10-20 1 1 KAREN A GRIES P00078514 6128764500 2025-10-20 2024 2025-03-06 01:10:19Z PAUL D CERKVENIK BREMER TOWER 445 MINNESOTA ST 500 ST PAUL MN 55101 1771507 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. 33 32 0 33 0 0 1581533 1428377 324250 339577 188 332 3150 3221 1909121 1771507 969082 918864 0 0 0 0 0 6900 426830 1248151 1162197 2217233 2087961 -308112 -316454 2444110 2083910 207723 163977 2236387 1919933 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 918864 918864 339577 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 CONTRIBUTED TO THE FUND IS DISTRIBUTED AS FINANCIAL SUPPORT FOR THE 17 MEMBER PRIVATE COLLEGES, NEED-BASED SCHOLARSHIPS AT MEMBER COLLEGES, AND FINANCIAL SUPPORT FOR FUND-OPERATED SPECIAL SCHOLARSHIP PROGRAMS THAT SUPPORT STUDENTS AT MEMBER COLLEGES. EACH MEMBER INSTITUTION PAYS ANNUAL DUES TO MPCF, WHICH COVER ALL THE FUND'S GENERAL OVERHEAD, FUNDRAISING, AND ADMINISTRATIVE EXPENSES. 202799 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. TWELVE INSTITUTIONS AND 55 STUDENTS PARTICIPATED IN FISCAL 2025. 481610 TRAILBLAZERS OFFERS A UNIQUE TWO-YEAR LEADERSHIP PROGRAM FOR STUDENTS AT OUR MEMBER COLLEGES. THE PROGRAM COMBINES A TWO-YEAR SCHOLARSHIP WITH COMPREHENSIVE ACADEMIC AND PROFESSIONAL ADVISING, INDIVIDUALIZED MENTORING, LEADERSHIP DEVELOPMENT, FINANCIAL LITERACY PROGRAMMING, EXPERIENTIAL LEARNING, NETWORKING OPPORTUNITIES WITH BUSINESS AND NONPROFIT PROFESSIONALS, AND CAREER PREPARATION. 1603273 1 1 0 0 0 0 0 0 0 0 0 0 0 0 0 1 1 0 0 0 0 0 0 0 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 137 0 0 0 0 0 0 0 0 0 0 0 0 0 0 X 33 32 0 0 0 0 0 1 0 1 1 0 0 1 1 1 1 1 1 0 0 0 MN X STACEY HOLLAND 6512289061 445 MINNESOTA ST 500 ST PAUL MN 55101 PAUL D CERKVENIK PRESIDENT AND CEO 3.00 52.00 X X 0 395628 105089 BARBARA MCDONALD CHAIR 1.00 1.00 X X 0 0 0 TOM MORIN VICE CHAIR 1.00 1.00 X X 0 0 0 GENE PFEIFER TREASURER & SECRETARY 1.00 1.00 X 0 0 0 ROSS ALLEN DIRECTOR 1.00 1.00 X 0 0 0 SARINA BAKER DIRECTOR 1.00 1.00 X 0 0 0 ALISON BROWN DIRECTOR 1.00 1.00 X 0 0 0 BRIAN BURESS 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 CHRISTOPHER DOLAN DIRECTOR 1.00 1.00 X 0 0 0 GWENDOLYN FREED 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 NATALIA HERNANDEZ DIRECTOR 1.00 1.00 X 0 0 0 COLINE IRVINE DIRECTOR 1.00 1.00 X 0 0 0 ETHAN KELLER DIRECTOR 1.00 1.00 X 0 0 0 ANTHONY KELLEY DIRECTOR 1.00 1.00 X 0 0 0 REBECCA KOENIG ROLOFF DIRECTOR 1.00 1.00 X 0 0 0 DAN LORITZ DIRECTOR 1.00 1.00 X 0 0 0 KATHLEEN MURRAY 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 SUSAN RUNDELL SINGER 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 PAUL ANDERSON DIRECTOR 1.00 1.00 X 0 0 0 REBECCA BERGMAN DIRECTOR 1.00 1.00 X 0 0 0 MATT ENTENZA DIRECTOR 1.00 1.00 X 0 0 0 MARCHETA EVANS DIRECTOR 1.00 1.00 X 0 0 0 MAYME HOSTETTER DIRECTOR 1.00 1.00 X 0 0 0 DE'MON WIGGINS DIRECTOR 1.00 1.00 X 0 0 0 JACOB WOLKOWITZ DIRECTOR 1.00 1.00 X 0 0 0 SANJIT SETHI DIRECTOR 1.00 1.00 X 0 0 0 STACEY HOLLAND CFO 1.00 40.00 X 0 37931 6689 ERIN OMBERG CFO 1.00 40.00 X 0 81571 5322 0 515130 117100 0 0 1 0 AMO ENTERPRISES LLC 2343 RIVER POINTE LANE MINNEAPOLIS MN 55411 CONSULTING 112897 1 1428377 1428377 QUARTERLY ASSESSMENTS 611710 339577 339577 339577 332 332 MISCELLANEOUS REVENUE 900099 3221 3221 3221 1771507 339577 0 3553 X 918864 918864 7049 2326 564 4159 11134 3674 891 6569 6900 6900 908414 466524 53587 388303 15705 5183 1256 9266 62182 57498 544 4140 2580 852 206 1522 9647 3183 772 5692 88782 88782 56230 56230 PROFESSIONAL DEVELOPMEN 294 97 24 173 DUES & SUBSCRIPTIONS 180 60 14 106 2087961 1603273 57858 426830 1774556 1801372 664254 256865 20373 5300 5300 2444110 2083910 81259 51202 126464 112775 207723 163977 X 546267 568341 1690120 1351592 2236387 1919933 2444110 2083910 -316454 0 X X 0 0 0 X 1489862 1966666 1647654 1581533 1428377 8114092 1489862 1966666 1647654 1581533 1428377 8114092 3823628 4290464 746 128 184 188 332 1578 5783 2500 3150 3150 3221 17804 8133474 1585354 0.52750 0.42390 X SCHEDULE A, PART II, LINE 10, EXPLANATION OF OTHER INCOME: MISCELLANEOUS REVENUE - 2020 AMOUNT: $ 5,783. 2021 AMOUNT: $ 2,500. 2022 AMOUNT: $ 3,150. 2023 AMOUNT: $ 3,150. 2024 AMOUNT: $ 3,221. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 X 1819206 47699 47699 1771507 0 1771507 2135660 47699 47699 2087961 0 2087961 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, 2025 AND 2024. THE FUND'S TAX RETURNS ARE SUBJECT TO REVIEW AND EXAMINATION BY FEDERAL AND STATE AUTHORITIES. 1 AUGSBURG COLLEGE 2211 RIVERSIDE AVE MINNEAPOLIS MN 55454 410694721 501(C)(3) 67652 0 OPERATIONS, STUDENT SCHOLARSHIPS BETHANY LUTHERAN COLLEGE 700 LUTHER DR MANKATO MN 56001 410747165 501(C)(3) 31054 0 OPERATIONS, STUDENT SCHOLARSHIPS BETHEL UNIVERSITY 3900 BETHEL DR ST PAUL MN 55112 410708577 501(C)(3) 34943 0 OPERATIONS, STUDENT SCHOLARSHIPS CARLETON COLLEGE ONE NORTH COLLEGE ST NORTHFIELD MN 55057 410694747 501(C)(3) 41824 0 OPERATIONS, STUDENT SCHOLARSHIPS COLLEGE OF SAINT BENEDICT 37 COLLEGE AVE SO ST JOSEPH MN 56374 410969244 501(C)(3) 36701 0 OPERATIONS, STUDENT SCHOLARSHIPS COLLEGE OF ST SCHOLASTICA 1200 KENWOOD AVE DULUTH MN 55811 410698301 501(C)(3) 55883 0 OPERATIONS, STUDENT SCHOLARSHIPS CONCORDIA COLLEGE 901 SOUTH 8TH ST MOORHEAD MN 56562 410693977 501(C)(3) 56510 0 OPERATIONS, STUDENT SCHOLARSHIPS CONCORDIA UNIVERSITY 275 NORTH SYNDICATE ST PAUL MN 55104 410696906 501(C)(3) 50886 0 OPERATIONS, STUDENT SCHOLARSHIPS GUSTAVUS ADOLPHUS COLLEGE 800 WEST COLLEGE AVE ST PETER MN 56082 410695524 501(C)(3) 51449 0 OPERATIONS, STUDENT SCHOLARSHIPS HAMLINE UNIVERSITY 1536 HEWITT AVE ST ST PAUL MN 55104 410693960 501(C)(3) 63394 0 OPERATIONS, STUDENT SCHOLARSHIPS MACALESTER COLLEGE 1600 GRAND AVE ST PAUL MN 55105 410693962 501(C)(3) 57002 0 OPERATIONS, STUDENT SCHOLARSHIPS MINNEAPOLIS COLLEGE OF ART & DESIGN 2501 STEVENS AVE SO MINNEAPOLIS MN 55404 411607453 501(C)(3) 41001 0 OPERATIONS, STUDENT SCHOLARSHIPS SAINT JOHN'S UNIVERSITY PO BOX 2000 COLLEGEVILLE MN 56321 453656162 501(C)(3) 50747 0 OPERATIONS, STUDENT SCHOLARSHIPS SAINT MARY'S UNIVERSITY OF MINNESOTA 700 TERRACE HEIGHTS WINONA MN 55987 410695527 501(C)(3) 31645 0 OPERATIONS, STUDENT SCHOLARSHIPS ST CATHERINE UNIVERSITY 2004 RANDOLPH AVE ST PAUL MN 55105 410695509 501(C)(3) 62099 0 OPERATIONS, STUDENT SCHOLARSHIPS ST OLAF COLLEGE 1520 ST OLAF AVE NORTHFIELD MN 55057 410693979 501(C)(3) 66776 0 OPERATIONS, STUDENT SCHOLARSHIPS UNIVERSITY OF ST THOMAS 2115 SUMMIT AVE ST PAUL MN 55115 410693970 501(C)(3) 132988 0 OPERATIONS, STUDENT SCHOLARSHIPS 17 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 380056 0 0 0 15572 0 61050 0 44039 0 500717 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 114,048. MANAGEMENT AND GENERAL EXPENSES 27,648. FUNDRAISING EXPENSES 197,000. TOTAL EXPENSES 338,696. STIPENDS: PROGRAM SERVICE EXPENSES 245,476. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 245,476. ADMINISTRATIVE SERVICES: PROGRAM SERVICE EXPENSES 107,000. MANAGEMENT AND GENERAL EXPENSES 25,939. FUNDRAISING EXPENSES 191,303. TOTAL EXPENSES 324,242. FORM 990, PART XII, LINE 2C: THE PROCESS FOR THE OVERSIGHT AND SELECTION FOR THE AUDIT OF THE FINANCIAL STATEMENTS DID NOT CHANGE. INNOVATION SCHOLARS LLC 445 MINNESOTA ST STE 500 ST PAUL MN 55101 994721940 EXPERIENTIAL LEARNING OPPORTUNITIES MN 464017 474485 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 327326 COST-SALARY REIMBURSEMENT MINNESOTA PRIVATE COLLEGE COUNCIL INC N 9647 COST-SALARY REIMBURSEMENT