MINNESOTA PRIVATE COLLEGE FUND: Form 990, tax year 2012
View the entire original 990 at ProPublica ↗
- Organization
- MINNESOTA PRIVATE COLLEGE FUND (EIN 51-0166951)
- Tax period
- 2012-07-01 to 2013-06-30
- Filed
- 2014-02-14
- IRS object ID
- 201410459349301786
- Schema version
- 2012v2.1
- Source
- Download XML · Original 990 at ProPublica
Every field in the e-filed return. Faint text is the IRS element name, for citing.
Return header ReturnHeader
| Field | Value | IRS element (for citing) |
|---|---|---|
| Timestamp | 2014-02-14T13:17:31-06:00 | Timestamp |
| Tax Period End Date | 2013-06-30 | TaxPeriodEndDate |
Preparer Firm PreparerFirm
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 390859910 | EIN |
Preparer Firm Business Name PreparerFirmBusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | BAKER TILLY VIRCHOW KRAUSE LLP | BusinessNameLine1 |
Preparer Firm US Address PreparerFirmUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 225 S 6TH ST STE 2300 | AddressLine1 |
| City | MINNEAPOLIS | City |
| State | MN | State |
| ZIP Code | 55402 | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return Type | 990 | ReturnType |
| Tax Period Begin Date | 2012-07-01 | TaxPeriodBeginDate |
Filer Filer
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 510166951 | EIN |
Name Name
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | MINNESOTA PRIVATE COLLEGE FUND | BusinessNameLine1 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name Control | MINN | NameControl |
| Phone | 6512289061 | Phone |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | BREMER TOWER 445 MINNESOTA ST NO | AddressLine1 |
| Address Line2 | 500 | AddressLine2 |
| City | ST PAUL | City |
| State | MN | State |
| ZIP Code | 55101 | ZIPCode |
Officer Officer
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name | PAUL D CERKVENIK | Name |
| Title | PRESIDENT & CEO | Title |
| Phone | 6512289061 | Phone |
| Date Signed | 2014-02-13 | DateSigned |
| Authorize Third Party | 1 | AuthorizeThirdParty |
Preparer Preparer
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name | LAWRENCE H MOHR CPA | Name |
| PTIN | P00447603 | PTIN |
| Phone | 6128764500 | Phone |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tax Year | 2012 | TaxYear |
| Build TS | 2015-11-30 17:44:51Z | BuildTS |
Form 990 IRS990
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name Of Principal Officer Person | PAUL D CERKVENIK | NameOfPrincipalOfficerPerson |
Address Principal Officer US AddressPrincipalOfficerUS
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | BREMER TOWER 445 MINNESOTA ST NO | AddressLine1 |
| Address Line2 | 500 | AddressLine2 |
| City | ST PAUL | City |
| State | MN | State |
| ZIP Code | 55101 | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Gross Receipts | 1401916 | GrossReceipts |
| Group Return For Affiliates | 0 | GroupReturnForAffiliates |
| Organization501c3 | X | Organization501c3 |
| Web Site | WWW.MNPRIVATECOLLEGES.ORG | WebSite |
| Type Of Organization Corporation | X | TypeOfOrganizationCorporation |
| Year Formation | 1975 | YearFormation |
| State Legal Domicile | MN | StateLegalDomicile |
| Activity Or Mission Description | THE MINNESOTA PRIVATE COLLEGE FUND SERVES THE SHARED NEEDS OF ITS MEMBERS BY SEEKING PHILANTHROPIC SUPPORT FROM CORPORATIONS AND FOUNDATIONS FOR BENEFIT OF ITS MEMBER COLLEGES AND UNIVERSITIES AND THE STUDENTS THEY EDUCATE. FUNDS WERE DISTRIBUTED TO 17 MEMBERS IN FY 2013. | ActivityOrMissionDescription |
| Nbr Voting Members Governing Body | 30 | NbrVotingMembersGoverningBody |
| Nbr Independent Voting Members | 29 | NbrIndependentVotingMembers |
| Total Nbr Employees | 0 | TotalNbrEmployees |
| Total Nbr Volunteers | 0 | TotalNbrVolunteers |
| Total Gross UBI | 0 | TotalGrossUBI |
| Net Unrelated Business Txbl Income | 0 | NetUnrelatedBusinessTxblIncome |
| Contributions Grants Prior Year | 709592 | ContributionsGrantsPriorYear |
| Contributions Grants Current Year | 1372939 | ContributionsGrantsCurrentYear |
| Program Service Revenue Prior Year | 363562 | ProgramServiceRevenuePriorYear |
| Program Service Revenue CY | 0 | ProgramServiceRevenueCY |
| Investment Income Prior Year | 2901 | InvestmentIncomePriorYear |
| Investment Income Current Year | 4987 | InvestmentIncomeCurrentYear |
| Other Revenue Prior Year | 6800 | OtherRevenuePriorYear |
| Other Revenue Current Year | 23990 | OtherRevenueCurrentYear |
| Total Revenue Prior Year | 1082855 | TotalRevenuePriorYear |
| Total Revenue Current Year | 1401916 | TotalRevenueCurrentYear |
| Grants And Similar Amnts Prior Year | 922847 | GrantsAndSimilarAmntsPriorYear |
| Grants And Similar Amnts CY | 923272 | GrantsAndSimilarAmntsCY |
| Benefits Paid To Members Prior Year | 0 | BenefitsPaidToMembersPriorYear |
| Benefits Paid To Members CY | 0 | BenefitsPaidToMembersCY |
| Salaries Etc Prior Year | 324817 | SalariesEtcPriorYear |
| Salaries Etc Current Year | 0 | SalariesEtcCurrentYear |
| Total Prof Fundrsng Exp Prior Year | 0 | TotalProfFundrsngExpPriorYear |
| Total Prof Fundrsng Exp CY | 0 | TotalProfFundrsngExpCY |
| Total Fundrsng Exp Current Year | 139142 | TotalFundrsngExpCurrentYear |
| Other Expense Prior Year | 172037 | OtherExpensePriorYear |
| Other Expenses Current Year | 480349 | OtherExpensesCurrentYear |
| Total Expenses Prior Year | 1419701 | TotalExpensesPriorYear |
| Total Expenses Current Year | 1403621 | TotalExpensesCurrentYear |
| Revenues Less Expenses Prior Year | -336846 | RevenuesLessExpensesPriorYear |
| Revenues Less Expenses CY | -1705 | RevenuesLessExpensesCY |
| Total Assets BOY | 2126944 | TotalAssetsBOY |
| Total Assets EOY | 1905746 | TotalAssetsEOY |
| Total Liabilities BOY | 481020 | TotalLiabilitiesBOY |
| Total Liabilities EOY | 261527 | TotalLiabilitiesEOY |
| Net Assets Or Fund Balances BOY | 1645924 | NetAssetsOrFundBalancesBOY |
| Net Assets Or Fund Balances EOY | 1644219 | NetAssetsOrFundBalancesEOY |
| Info In Schedule O Part III | X | InfoInScheduleOPartIII |
| Mission Description | 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. | MissionDescription |
| Significant New Program Services | 1 | SignificantNewProgramServices |
| Significant Change | 0 | SignificantChange |
| Expense | 1142243 | Expense |
| Grants | 923272 | Grants |
| Description | DISTRIBUTION OF FINANCIAL SUPPORT FOR THE 17 MEMBER PRIVATE COLLEGES AND UNIVERSITIES. | Description |
Activity2 Activity2
| Field | Value | IRS element (for citing) |
|---|---|---|
| Expense | 96926 | Expense |
| Description | THE MAYO INNOVATION SCHOLARS PROGRAM IS A COLLABORATIVE PROGRAM OFFERING SELECTED SCIENCE AND BUSINESS STUDENTS THE OPPORTUNITY TO RESEARCH PROJECTS SUBMITTED BY MAYO CLINIC PROFESSIONALS. ELEVEN MEMBERS AND 60 STUDENTS PARTICIPATED IN FY 2013. | Description |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Program Service Expense | 1239169 | TotalProgramServiceExpense |
| Described In501 C3 | 1 | DescribedIn501C3 |
| Schedule B Required | 1 | ScheduleBRequired |
| Political Activities | 0 | PoliticalActivities |
| Lobbying Activities | 0 | LobbyingActivities |
| Subject To Proxy Tax | 0 | SubjectToProxyTax |
| Donor Advised Funds | 0 | DonorAdvisedFunds |
| Conservation Easements | 0 | ConservationEasements |
| Collections Of Art | 0 | CollectionsOfArt |
| Credit Counseling | 0 | CreditCounseling |
| Term Or Permanent Endowments | 0 | TermOrPermanentEndowments |
| Report Land Bldg Equip | 1 | ReportLandBldgEquip |
| Report Invest Oth Securities | 0 | ReportInvestOthSecurities |
| Report Prog Rel Invest | 0 | ReportProgRelInvest |
| Report Other Assets | 0 | ReportOtherAssets |
| Report Other Liabilities | 1 | ReportOtherLiabilities |
| Report Fin48 Footnote | 1 | ReportFin48Footnote |
| Independent Audit Financial Stmt | 1 | IndependentAuditFinancialStmt |
| Consolidated Audit Financial Stmt | 0 | ConsolidatedAuditFinancialStmt |
| School | 0 | School |
| Foreign Office | 0 | ForeignOffice |
| Foreign Activities | 0 | ForeignActivities |
| More Than5000 K To Organizations | 0 | MoreThan5000KToOrganizations |
| More Than5000 K To Individuals | 0 | MoreThan5000KToIndividuals |
| Professional Fundraising | 0 | ProfessionalFundraising |
| Fundraising Activities | 0 | FundraisingActivities |
| Gaming | 0 | Gaming |
| Hospital | 0 | Hospital |
| Grants To Organizations | 1 | GrantsToOrganizations |
| Grants To Individuals | 0 | GrantsToIndividuals |
| Schedule J Required | 1 | ScheduleJRequired |
| Tax Exempt Bonds | 0 | TaxExemptBonds |
| Excess Benefit Transaction | 0 | ExcessBenefitTransaction |
| Prior Excess Benefit Transaction | 0 | PriorExcessBenefitTransaction |
| Loan To Officer Or DQP | 0 | LoanToOfficerOrDQP |
| Grant To Related Person | 0 | GrantToRelatedPerson |
| Bsnss Rltnshp With Organization | 0 | BsnssRltnshpWithOrganization |
| Bsnss Rltnshp Thru Family Member | 0 | BsnssRltnshpThruFamilyMember |
| Officer Entity With Bsnss Rltnshp | 0 | OfficerEntityWithBsnssRltnshp |
| Deductible Non Cash Contributions | 0 | DeductibleNonCashContributions |
| Deductible Contributions Of Art | 0 | DeductibleContributionsOfArt |
| Terminated | 0 | Terminated |
| Partial Liquidation | 0 | PartialLiquidation |
| Disregarded Entity | 0 | DisregardedEntity |
| Related Entity | 1 | RelatedEntity |
| Related Org Controlled Entity | 0 | RelatedOrgControlledEntity |
| Transfers To Exempt Non Chrtbl Org | 1 | TransfersToExemptNonChrtblOrg |
| Activities Conducted Partnership | 0 | ActivitiesConductedPartnership |
| Schedule O Required | 1 | ScheduleORequired |
| Info In Schedule O Part V | X | InfoInScheduleOPartV |
| Number Forms Transmitted With1096 | 8 | NumberFormsTransmittedWith1096 |
| Number W2 G Included | 0 | NumberW2GIncluded |
| Number Of Employees | 0 | NumberOfEmployees |
| Unrelated Business Income | 0 | UnrelatedBusinessIncome |
| Foreign Financial Account | 0 | ForeignFinancialAccount |
| Prohibited Tax Shelter Trans | 0 | ProhibitedTaxShelterTrans |
| Taxable Party Notification | 0 | TaxablePartyNotification |
| Non Deductible Contributions | 0 | NonDeductibleContributions |
| Quid Pro Quo Contributions | 0 | QuidProQuoContributions |
| Form8282 Property Disposed Of | 0 | Form8282PropertyDisposedOf |
| Funds To Pay Premiums | 0 | FundsToPayPremiums |
| Premiums Paid | 0 | PremiumsPaid |
| Indoor Tanning Services | 0 | IndoorTanningServices |
| Info In Schedule O Part VI | X | InfoInScheduleOPartVI |
| Nbr Voting Governing Body Members | 30 | NbrVotingGoverningBodyMembers |
| Number Independent Voting Members | 29 | NumberIndependentVotingMembers |
| Family Or Business Relationship | 0 | FamilyOrBusinessRelationship |
| Delegation Of Management Duties | 0 | DelegationOfManagementDuties |
| Changes To Organizing Docs | 1 | ChangesToOrganizingDocs |
| Material Diversion Or Misuse | 0 | MaterialDiversionOrMisuse |
| Members Or Stockholders | 0 | MembersOrStockholders |
| Election Of Board Members | 0 | ElectionOfBoardMembers |
| Decisions Subject To Approval | 0 | DecisionsSubjectToApproval |
| Minutes Of Governing Body | 1 | MinutesOfGoverningBody |
| Minutes Of Committees | 1 | MinutesOfCommittees |
| Officer Mailing Address | 0 | OfficerMailingAddress |
| Local Chapters | 0 | LocalChapters |
| Form990 Provided To Governing Body | 1 | Form990ProvidedToGoverningBody |
| Conflict Of Interest Policy | 1 | ConflictOfInterestPolicy |
| Annual Disclosure Covered Persons | 1 | AnnualDisclosureCoveredPersons |
| Regular Monitoring Enforcement | 1 | RegularMonitoringEnforcement |
| Whistleblower Policy | 1 | WhistleblowerPolicy |
| Document Retention Policy | 1 | DocumentRetentionPolicy |
| Compensation Process CEO | 1 | CompensationProcessCEO |
| Compensation Process Other | 0 | CompensationProcessOther |
| Investment In Joint Venture | 0 | InvestmentInJointVenture |
| States Where Copy Of Return Is Filed | MN | StatesWhereCopyOfReturnIsFiled |
| Upon Request | X | UponRequest |
The Books Are In Care Of TheBooksAreInCareOf
Name Business NameBusiness
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | MARY METZLER | BusinessNameLine1 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Telephone Number | 6512936807 | TelephoneNumber |
Address US AddressUS
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 445 MINNESOTA ST 500 | AddressLine1 |
| City | ST PAUL | City |
| State | MN | State |
| ZIP Code | 55101 | ZIPCode |
Form990 Part VII Section A Form990PartVIISectionA (31 entries)
| TitleTitle | Average Hours Per WeekAverageHoursPerWeek | Average Hours Per Week RelatedAverageHoursPerWeekRelated | Individual Trustee Or DirectorIndividualTrusteeOrDirector | Reportable Comp From OrganizationReportableCompFromOrganization | Reportable Comp From Related OrgsReportableCompFromRelatedOrgs | Other CompensationOtherCompensation | OfficerOfficer |
|---|---|---|---|---|---|---|---|
| DAVID R ANDERSON | |||||||
| DIRECTOR | 1.00 | 1.00 | X | 0 | 0 | 0 | |
| MARYANN BAENNINGER | |||||||
| DIRECTOR, CHAIR | 1.00 | 3.00 | X | 0 | 0 | 0 | X |
| JAMES H BARNES III | |||||||
| DIRECTOR | 1.00 | 1.00 | X | 0 | 0 | 0 | |
| DAN BRUSS | |||||||
| DIRECTOR | 1.00 | 1.00 | X | 0 | 0 | 0 | |
| JAY COOGAN | |||||||
| DIRECTOR | 1.00 | 1.00 | X | 0 | 0 | 0 | |
| WILLIAM CRAFT | |||||||
| DIRECTOR | 1.00 | 1.00 | X | 0 | 0 | 0 | |
| REV DENNIS DEASE | |||||||
| DIRECTOR | 1.00 | 1.00 | X | 0 | 0 | 0 | |
| PAUL ERDAHL | |||||||
| DIRECTOR | 1.00 | 1.00 | X | 0 | 0 | 0 | |
| LARRY GOODWIN | |||||||
| DIRECTOR | 1.00 | 1.00 | X | 0 | 0 | 0 | |
| JOE GRABA | |||||||
| DIRECTOR | 1.00 | 1.00 | X | 0 | 0 | 0 | |
| JAMES GREEN | |||||||
| DIRECTOR | 1.00 | 1.00 | X | 0 | 0 | 0 | |
| LINDA HANSON | |||||||
| DIRECTOR | 1.00 | 1.00 | X | 0 | 0 | 0 | |
| MICHAEL HEMESATH | |||||||
| DIRECTOR | 1.00 | 1.00 | X | 0 | 0 | 0 | |
| ANDREA J LEE IHM | |||||||
| DIRECTOR | 1.00 | 1.00 | X | 0 | 0 | 0 | |
| BR WILLIAM MANN FSC | |||||||
| DIRECTOR | 1.00 | 1.00 | X | 0 | 0 | 0 | |
| ROBERT MATTISON | |||||||
| DIRECTOR | 1.00 | 1.00 | X | 0 | 0 | 0 | |
| RUSSELL MICHALETZ | |||||||
| DIRECTOR | 1.00 | 1.00 | X | 0 | 0 | 0 | |
| TIM MORIN | |||||||
| DIRECTOR | 1.00 | 1.00 | X | 0 | 0 | 0 | |
| LAURIE NORDQUIST | |||||||
| DIRECTOR | 1.00 | 1.00 | X | 0 | 0 | 0 | |
| DAN NYGAARD | |||||||
| DIRECTOR | 1.00 | 1.00 | X | 0 | 0 | 0 | |
| STEVEN G POSKANZER | |||||||
| DIRECTOR | 1.00 | 1.00 | X | 0 | 0 | 0 | |
| JACK OHLE | |||||||
| DIRECTOR | 1.00 | 1.00 | X | 0 | 0 | 0 | |
| PAUL PRIBBENOW | |||||||
| DIRECTOR | 1.00 | 1.00 | X | 0 | 0 | 0 | |
| THOMAS RIES | |||||||
| DIRECTOR | 1.00 | 1.00 | X | 0 | 0 | 0 | |
| BRIAN ROSENBERG | |||||||
| DIRECTOR | 1.00 | 1.00 | X | 0 | 0 | 0 | |
| DAVID SWANSON | |||||||
| DIRECTOR | 1.00 | 1.00 | X | 0 | 0 | 0 | |
| LOANNE THRANE | |||||||
| DIRECTOR | 1.00 | 1.00 | X | 0 | 0 | 0 | |
| ROBERT VANASEK | |||||||
| DIRECTOR | 1.00 | 1.00 | X | 0 | 0 | 0 | |
| EDWARD T WAHL | |||||||
| DIRECTOR | 1.00 | 1.00 | X | 0 | 0 | 0 | |
| PAUL D CERKVENIK | |||||||
| PRESIDENT & CEO | 3.00 | 52.00 | X | 0 | 234876 | 48881 | X |
| MARY METZLER | |||||||
| V.P. FINANCE & OPERATIONS | 1.00 | 39.00 | 0 | 86151 | 20343 | X | |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Reportable Comp From Org | 0 | TotalReportableCompFromOrg |
| Total Reportable Comp Frm Rltd Orgs | 321027 | TotalReportableCompFrmRltdOrgs |
| Total Other Compensation | 69224 | TotalOtherCompensation |
| Number Individuals GT100 K | 0 | NumberIndividualsGT100K |
| Formers Listed | 0 | FormersListed |
| Total Comp GT150 K | 1 | TotalCompGT150K |
| Compensation From Other Sources | 0 | CompensationFromOtherSources |
| Number Of Contractors GT100 K | 0 | NumberOfContractorsGT100K |
| All Other Contributions | 1372939 | AllOtherContributions |
| Total Contributions | 1372939 | TotalContributions |
Investment Income InvestmentIncome
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 4987 | TotalRevenueColumn |
| Exclusion | $4,987 | ExclusionAmount |
Other Revenue Misc OtherRevenueMisc
| Field | Value | IRS element (for citing) |
|---|---|---|
| Description | MISCELLANEOUS | Description |
| Business Code | 900099 | BusinessCode |
| Total Revenue Column | 23990 | TotalRevenueColumn |
| Exclusion | $23,990 | ExclusionAmount |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Other Revenue | 23990 | TotalOtherRevenue |
Total Revenue TotalRevenue
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 1401916 | TotalRevenueColumn |
| Related Or Exempt Function Income | 0 | RelatedOrExemptFunctionIncome |
| Unrelated Business Revenue | 0 | UnrelatedBusinessRevenue |
| Exclusion | $28,977 | ExclusionAmount |
Grants To Domestic Orgs GrantsToDomesticOrgs
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 923272 | Total |
| Program Services | 923272 | ProgramServices |
Fees For Services Management FeesForServicesManagement
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 231551 | Total |
| Program Services | 113460 | ProgramServices |
| Management And General | 4631 | ManagementAndGeneral |
| Fundraising | 113460 | Fundraising |
Fees For Services Accounting FeesForServicesAccounting
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 18149 | Total |
| Management And General | 18149 | ManagementAndGeneral |
Fees For Services Other FeesForServicesOther
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 115953 | Total |
| Program Services | 112258 | ProgramServices |
| Fundraising | 3695 | Fundraising |
Office Expenses OfficeExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 23378 | Total |
| Program Services | 13965 | ProgramServices |
| Management And General | 450 | ManagementAndGeneral |
| Fundraising | 8963 | Fundraising |
Information Technology InformationTechnology
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 930 | Total |
| Management And General | 930 | ManagementAndGeneral |
Occupancy Occupancy
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 7667 | Total |
| Program Services | 3757 | ProgramServices |
| Management And General | 153 | ManagementAndGeneral |
| Fundraising | 3757 | Fundraising |
Travel Travel
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 7755 | Total |
| Program Services | 6246 | ProgramServices |
| Management And General | 60 | ManagementAndGeneral |
| Fundraising | 1449 | Fundraising |
Conferences Meetings ConferencesMeetings
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 13353 | Total |
| Program Services | 8736 | ProgramServices |
| Management And General | 775 | ManagementAndGeneral |
| Fundraising | 3842 | Fundraising |
Other Expenses OtherExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Description | MARKETING AND COMMUNICA | Description |
| Total | 61613 | Total |
| Program Services | 57475 | ProgramServices |
| Management And General | 162 | ManagementAndGeneral |
| Fundraising | 3976 | Fundraising |
Total Functional Expenses TotalFunctionalExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 1403621 | Total |
| Program Services | 1239169 | ProgramServices |
| Management And General | 25310 | ManagementAndGeneral |
| Fundraising | 139142 | Fundraising |
Savings And Temp Cash Investments SavingsAndTempCashInvestments
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 1958612 | BOY |
| EOY | 1369192 | EOY |
Pledges And Grants Receivable PledgesAndGrantsReceivable
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 107532 | BOY |
| EOY | 530596 | EOY |
Accounts Receivable AccountsReceivable
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 420 | BOY |
Prepaid Expenses Deferred Charges PrepaidExpensesDeferredCharges
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 31369 | BOY |
| EOY | 658 | EOY |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Land Buildings Equipment Basis | 11508 | LandBuildingsEquipmentBasis |
| Land Bldg Equipment Accum Deprec | 11508 | LandBldgEquipmentAccumDeprec |
Land Buildings Equipment Basis Net LandBuildingsEquipmentBasisNet
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 29011 | BOY |
| EOY | 0 | EOY |
Other Assets Total OtherAssetsTotal
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 0 | BOY |
| EOY | 5300 | EOY |
Total Assets TotalAssets
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 2126944 | BOY |
| EOY | 1905746 | EOY |
Accounts Payable Accrued Expenses AccountsPayableAccruedExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 29806 | BOY |
| EOY | 7000 | EOY |
Grants Payable GrantsPayable
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 251781 | BOY |
| EOY | 236374 | EOY |
Deferred Revenue DeferredRevenue
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 32675 | BOY |
| EOY | 12971 | EOY |
Other Liabilities OtherLiabilities
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 166758 | BOY |
| EOY | 5182 | EOY |
Total Liabilities TotalLiabilities
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 481020 | BOY |
| EOY | 261527 | EOY |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Follow SFAS117 | X | FollowSFAS117 |
Unrestricted Net Assets UnrestrictedNetAssets
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 1321763 | BOY |
| EOY | 1021138 | EOY |
Temporarily Restricted Net Assets TemporarilyRestrictedNetAssets
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 324161 | BOY |
| EOY | 623081 | EOY |
Total Net Assets Fund Balances TotalNetAssetsFundBalances
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 1645924 | BOY |
| EOY | 1644219 | EOY |
Total Liab Net Assets Fund Balances TotalLiabNetAssetsFundBalances
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 2126944 | BOY |
| EOY | 1905746 | EOY |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Reconcilation Revenue Expenses | -1705 | ReconcilationRevenueExpenses |
| Reconcilation Other Changes | 0 | ReconcilationOtherChanges |
| Info In Schedule O Part XII | X | InfoInScheduleOPartXII |
| Method Of Accounting Accrual | X | MethodOfAccountingAccrual |
| Accountant Compile Or Review | 0 | AccountantCompileOrReview |
| FS Audited | 1 | FSAudited |
FS Audited Basis FSAuditedBasis
| Field | Value | IRS element (for citing) |
|---|---|---|
| Financial Statement Separate | X | FinancialStatementSeparate |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Audit Committee | 1 | AuditCommittee |
| Federal Grant Audit Required | 0 | FederalGrantAuditRequired |
Schedule A IRS990ScheduleA
| Field | Value | IRS element (for citing) |
|---|---|---|
| Publicly Supported Org170b1 Avi | X | PubliclySupportedOrg170b1Avi |
Gifts Grants Contrib Received170 GiftsGrantsContribReceived170
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | 2086280 | CurrentTaxYearMinus4Years |
| Current Tax Year Minus3 Years | 1524988 | CurrentTaxYearMinus3Years |
| Current Tax Year Minus2 Years | 1109651 | CurrentTaxYearMinus2Years |
| Current Tax Year Minus1 Year | 1073154 | CurrentTaxYearMinus1Year |
| Current Tax Year | 1372939 | CurrentTaxYear |
| Total | 7167012 | Total |
Total170 Total170
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | 2086280 | CurrentTaxYearMinus4Years |
| Current Tax Year Minus3 Years | 1524988 | CurrentTaxYearMinus3Years |
| Current Tax Year Minus2 Years | 1109651 | CurrentTaxYearMinus2Years |
| Current Tax Year Minus1 Year | 1073154 | CurrentTaxYearMinus1Year |
| Current Tax Year | 1372939 | CurrentTaxYear |
| Total | 7167012 | Total |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Amounts Subst Contributors Total | 2069087 | AmountsSubstContributorsTotal |
| Public Support Total170 | 5097925 | PublicSupportTotal170 |
Gross Investment Income170 GrossInvestmentIncome170
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | 7769 | CurrentTaxYearMinus4Years |
| Current Tax Year Minus3 Years | 5445 | CurrentTaxYearMinus3Years |
| Current Tax Year Minus2 Years | 3497 | CurrentTaxYearMinus2Years |
| Current Tax Year Minus1 Year | 2901 | CurrentTaxYearMinus1Year |
| Current Tax Year | 4987 | CurrentTaxYear |
| Total | 24599 | Total |
Other Income170 OtherIncome170
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | 9000 | CurrentTaxYearMinus4Years |
| Current Tax Year Minus3 Years | 9000 | CurrentTaxYearMinus3Years |
| Current Tax Year Minus2 Years | 9000 | CurrentTaxYearMinus2Years |
| Current Tax Year Minus1 Year | 6800 | CurrentTaxYearMinus1Year |
| Current Tax Year | 23990 | CurrentTaxYear |
| Total | 57790 | Total |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Support | 7249401 | TotalSupport |
| Public Support Pertcentage170 | 0.70320 | PublicSupportPertcentage170 |
| Public Support Pertcent Prior Year | 0.79280 | PublicSupportPertcentPriorYear |
| Thirty Three Percnt Tests CY170 | X | ThirtyThreePercntTestsCY170 |
Schedule B IRS990ScheduleB
Contributor Info ContributorInfo
| Field | Value | IRS element (for citing) |
|---|---|---|
| Contributor Number | RESTRICTED | ContributorNumber |
Contributor Name Business ContributorNameBusiness
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | RESTRICTED | BusinessNameLine1 |
Contributor Address US ContributorAddressUS
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | RESTRICTED | AddressLine1 |
| Address Line2 | RESTRICTED | AddressLine2 |
| City | RESTRICTED | City |
| State | RESTRICTED | State |
| ZIP Code | RESTRICTED | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Aggregate Contributions | RESTRICTED | AggregateContributions |
Schedule D IRS990ScheduleD
Equipment Equipment
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | 11508 | OtherCostOrOtherBasis |
| Depreciation | 11508 | Depreciation |
| Book Value | 0 | BookValue |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Of Book Value Land Buildings | 0 | TotalOfBookValueLandBuildings |
Other Liabilities OtherLiabilities
| Field | Value | IRS element (for citing) |
|---|---|---|
| Description | AGENCY FUNDS | Description |
| Amount | $5,182 | Amount |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Of Amounts | 5182 | TotalOfAmounts |
| Footnote In Part XIII | X | FootnoteInPartXIII |
| Tot Revenue Etc Audited Fincl Stmt | 2210090 | TotRevenueEtcAuditedFinclStmt |
| Donated Srvc And Use Of Facilities | 27671 | DonatedSrvcAndUseOfFacilities |
| Other Revenues | 780503 | OtherRevenues |
| Revenue Not Rptd F990 | 808174 | RevenueNotRptdF990 |
| Revenue Subtotal | 1401916 | RevenueSubtotal |
| Revenue Not Rptd On Fin Stmt | 0 | RevenueNotRptdOnFinStmt |
| Total Revenue Per Form990 | 1401916 | TotalRevenuePerForm990 |
| Tot Expenses Etc Audited Fincl Stmt | 1431292 | TotExpensesEtcAuditedFinclStmt |
| Donated Services Use Of Facilities | 27671 | DonatedServicesUseOfFacilities |
| Expenses Not Rptd F990 | 27671 | ExpensesNotRptdF990 |
| Expenses Subtotal | 1403621 | ExpensesSubtotal |
| Expenses Not Rptd On Fin Stmt | 0 | ExpensesNotRptdOnFinStmt |
| Total Expenses Per Form990 | 1403621 | TotalExpensesPerForm990 |
Form990 Schedule D Part XIII Form990ScheduleDPartXIII (2 entries)
| IdentifierIdentifier | Return ReferenceReturnReference | ExplanationExplanation |
|---|---|---|
| DESCRIPTION OF UNCERTAIN TAX POSITIONS UNDER FIN 48: | PART X, LINE 2: | THE FUND FOLLOWS THE ACCOUNTING STANDARDS FOR CONTINGENCIES IN EVALUATING UNCERTAIN TAX POSITIONS. THIS GUIDANCE PRESCRIBES RECOGINITION 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, 2013. THE FUND'S TAX RETURNS ARE SUBJECT TO REVIEW AND EXAMINATION BY FEDERAL AND STATE AUTHORITIES. THE TAX RETURNS FOR FISCAL YEARS 2010 AND THEREAFTER ARE OPEN TO EXAMINATION BY FEDERAL AND STATE AUTHORITIES. |
| PART XI, LINE 2D - OTHER ADJUSTMENTS: | ADDITIONAL NET ASSETS ACQUIRED 7-2-12 780,503. |
Schedule I IRS990ScheduleI
| Field | Value | IRS element (for citing) |
|---|---|---|
| Records Maintained | 1 | RecordsMaintained |
Recipient Table RecipientTable (18 entries)
| Address Line1AddressUS/AddressLine1 | CityAddressUS/City | StateAddressUS/State | ZIP CodeAddressUS/ZIPCode | EIN Of RecipientEINOfRecipient | IRC SectionIRCSection | Amount Of Cash GrantAmountOfCashGrant | Purpose Of GrantPurposeOfGrant | Amount Of Non Cash AssistanceAmountOfNonCashAssistance | Method Of ValuationMethodOfValuation | Description Of Non Cash AssistanceDescriptionOfNonCashAssistance |
|---|---|---|---|---|---|---|---|---|---|---|
| AUGSBURG COLLEGE | ||||||||||
| 2211 RIVERSIDE AVE | MINNEAPOLIS | MN | 55454 | 410694721 | 501(C )(3) | 65278 | OPERATIONS, STUDENT SCHOLARSHIPS | |||
| BETHANY LUTHERAN COLLEGE | ||||||||||
| 700 LUTHER DR | MANKATO | MN | 56001 | 410747165 | 501(C )(3) | 37255 | OPERATIONS, STUDENT SCHOLARSHIPS | |||
| BETHEL UNIVERSITY | ||||||||||
| 3900 BETHEL DR | ST PAUL | MN | 55112 | 410708577 | 501(C )(3) | 48807 | OPERATIONS, STUDENT SCHOLARSHIPS | |||
| CARLETON COLLEGE | ||||||||||
| ONE NORTH COLLEGE ST | NORTHFIELD | MN | 55057 | 410694747 | 501(C )(3) | 59639 | OPERATIONS, STUDENT SCHOLARSHIPS | |||
| COLLEGE OF SAINT BENEDICT | ||||||||||
| 37 COLLEGE AVE SO | ST JOSEPH | MN | 56374 | 410969244 | 501(C )(3) | 47687 | OPERATIONS, STUDENT SCHOLARSHIPS | |||
| COLLEGE OF ST SCHOLASTICA | ||||||||||
| 1200 KENWOOD AVE | DULUTH | MN | 55811 | 410698301 | 501(C )(3) | 52766 | OPERATIONS, STUDENT SCHOLARSHIPS | |||
| CONCORDIA COLLEGE | ||||||||||
| 901 SOUTH 8TH ST | MOORHEAD | MN | 56562 | 410693977 | 501(C )(3) | 59414 | OPERATIONS, STUDENT SCHOLARSHIPS | |||
| CONCORDIA UNIVERSITY | ||||||||||
| 275 NORTH SYNDICATE | ST PAUL | MN | 55104 | 410696906 | 501(C )(3) | 50948 | OPERATIONS, STUDENT SCHOLARSHIPS | |||
| GUSTAVUS ADOLPHUS COLLEGE | ||||||||||
| 800 WEST COLLEGE AVE | ST PETER | MN | 56082 | 410695524 | 501(C )(3) | 66963 | OPERATIONS, STUDENT SCHOLARSHIPS | |||
| HAMLINE UNIVERSITY | ||||||||||
| 1536 HEWITT AVE ST | ST PAUL | MN | 55104 | 410693960 | 501(C )(3) | 44139 | OPERATIONS, STUDENT SCHOLARSHIPS | |||
| MACALESTER COLLEGE | ||||||||||
| 1600 GRAND AVE | ST PAUL | MN | 55105 | 410693962 | 501(C )(3) | 43654 | OPERATIONS, STUDENT SCHOLARSHIPS | |||
| MINNEAPOLIS COLLEGE OF ART & DESIGN | ||||||||||
| 2501 STEVENS AVE SO | MINNEAPOLIS | MN | 55404 | 411607453 | 501(C )(3) | 37412 | OPERATIONS, STUDENT SCHOLARSHIPS | |||
| SAINT JOHN'S UNIVERSITY | ||||||||||
| PO BOX 2000 | COLLEGEVILLE | MN | 56321 | 453656162 | 501(C )(3) | 48322 | OPERATIONS, STUDENT SCHOLARSHIPS | |||
| SAINT MARYS UNIVERSITY OF MINNESOTA | ||||||||||
| 700 TERRACE HEIGHTS | WINONA | MN | 55987 | 410695527 | 501(C )(3) | 41321 | OPERATIONS, STUDENT SCHOLARSHIPS | |||
| ST CATHERINE UNIVERSITY | ||||||||||
| 2004 RANDOLPH AVE | ST PAUL | MN | 55105 | 410695509 | 501(C )(3) | 64663 | OPERATIONS, STUDENT SCHOLARSHIPS | |||
| ST OLAF COLLEGE | ||||||||||
| 1520 ST OLAF AVE | NORTHFIELD | MN | 55057 | 410693979 | 501(C )(3) | 52584 | OPERATIONS, STUDENT SCHOLARSHIPS | |||
| UNIVERSITY OF ST THOMAS | ||||||||||
| 2115 SUMMIT AVE | ST PAUL | MN | 55115 | 410693970 | 501(C )(3) | 73408 | OPERATIONS, STUDENT SCHOLARSHIPS | |||
| MINNESOTA PRIVATE COLLEGE COUNCIL INC | ||||||||||
| BREMER TOWER 445 MINNESOTA ST | ST PAUL | MN | 55101 | 455394262 | 501(C )(4) | TRANSFER OF EQUIPMENT TO RELATED PARTY UPON MERGER | 29012 | FAIR MARKET VALUE | EQUIPMENT | |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Nbr Of501 C3 And Govt Grants | 17 | TotalNbrOf501C3AndGovtGrants |
| Total Nbr Of Other Organizations | 1 | TotalNbrOfOtherOrganizations |
Form990 Schedule I Part IV Form990ScheduleIPartIV
| Field | Value | IRS element (for citing) |
|---|---|---|
| Identifier | PROCEDURE FOR MONITORING GRANTS IN THE U.S.: | Identifier |
| Return Reference | PART I, LINE 2: | ReturnReference |
| Explanation | SCHEDULE I, PART I, LINE 2: MPCF 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. | Explanation |
Schedule J IRS990ScheduleJ
| Field | Value | IRS element (for citing) |
|---|---|---|
| Compensation Committee | X | CompensationCommittee |
| Independent Consultant | X | IndependentConsultant |
| Form990 Of Other Organizations | X | Form990OfOtherOrganizations |
| Written Employment Contract | X | WrittenEmploymentContract |
| Compensation Survey | X | CompensationSurvey |
| Board Or Committee Approval | X | BoardOrCommitteeApproval |
| Severance Payment | 0 | SeverancePayment |
| Supplemental Nonqual Retire Plan | 0 | SupplementalNonqualRetirePlan |
| Equity Based Comp Arrangement | 0 | EquityBasedCompArrangement |
| Comp Based On Revenue Of Filing Org | 0 | CompBasedOnRevenueOfFilingOrg |
| Comp Based On Revenue Related Orgs | 0 | CompBasedOnRevenueRelatedOrgs |
| Comp Based Net Earnings Filing Org | 0 | CompBasedNetEarningsFilingOrg |
| Comp Based Net Earnings Relate Orgs | 0 | CompBasedNetEarningsRelateOrgs |
| Any Non Fixed Payments | 0 | AnyNonFixedPayments |
| Initial Contract Exception | 0 | InitialContractException |
Form990 Schedule J Part II Form990ScheduleJPartII
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name Person | PAUL D CERKVENIK | NamePerson |
| Title | PRESIDENT & CEO | Title |
| Base Compensation Filing Org | 0 | BaseCompensationFilingOrg |
| Comp Based On Related Orgs | 226330 | CompBasedOnRelatedOrgs |
| Bonus Filing Org | 0 | BonusFilingOrg |
| Bonus Related Orgs | 0 | BonusRelatedOrgs |
| Other Compensation Filing Org | 0 | OtherCompensationFilingOrg |
| Other Compensation Related Orgs | 8546 | OtherCompensationRelatedOrgs |
| Deferred Comp Filing Org | 0 | DeferredCompFilingOrg |
| Deferred Comp Related Orgs | 20858 | DeferredCompRelatedOrgs |
| Nontaxable Benefits Filing Org | 0 | NontaxableBenefitsFilingOrg |
| Nontaxable Benefits Related Orgs | 28023 | NontaxableBenefitsRelatedOrgs |
| Total Compensation Filing Org | 0 | TotalCompensationFilingOrg |
| Total Compensation Related Orgs | 283757 | TotalCompensationRelatedOrgs |
| Comp Report Prior990 Filing Org | 0 | CompReportPrior990FilingOrg |
| Comp Report Prior990 Related Orgs | 0 | CompReportPrior990RelatedOrgs |
Form990 Schedule J Part III Form990ScheduleJPartIII
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return Reference | PART I, LINE 3 | ReturnReference |
| Explanation | THE PRESIDENT'S COMPENSATION WAS DETERMINED BY THE MINNESOTA PRIVATE COLLEGE COUNCIL USING THE METHODS CHECKED IN SCHEDULE J, PART I, LINE 3. | Explanation |
Schedule O IRS990ScheduleO
General Explanation GeneralExplanation (9 entries)
| IdentifierIdentifier | Return ReferenceReturnReference | ExplanationExplanation |
|---|---|---|
| NEW PROGRAM SERVICES | FORM 990, PART III, LINE 2 | THE MAYO INNOVATION SCHOLARS PROGRAM ALLOWS SELECTED SCIENCE AND BUSINESS STUDENTS TO RESEARCH PROJECTS SUBMITTED BY MAYO CLINIC PROFESSIONALS. ELEVEN MEMBERS AND 60 STUDENTS PARTICIPATED IN FY 2013. |
| W-2 AND 1099 REPORTING: | 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 NORTH CENTRAL ASSOCIATION OF COLLEGES AND SECONDARY SCHOOLS. THERE ARE CURRENTLY 17 MEMBERS. THE WAGES FOR EMPLOYEES OF THE TWO ASSOCIATIONS ARE BASED ON TIME SPENT ON ACTIVITIES WITHIN THEIR RESPECTIVE ASSOCIATION. MINNESOTA PRIVATE COLLEGE COUNCIL, INC. WILL SERVE AS EMPLOYER FOR ALL EMPLOYED PERSONNEL PROVIDING SERVICES TO THE MINNESOTA PRIVATE COLLEGE COUNCIL, INC., AND MINNESOTA PRIVATE COLLEGE FUND. |
| FORM 990, PART VI, SECTION A, LINE 1 | 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 BOARD CHAIR, PAST CHAIR, VICE CHAIR, SECRETARY, TREASURER, PRESIDENT, AND PROVIDED THAT SUCH PERSON IS A DIRECTOR, THE CHAIRPERSON OF EACH STANDING COMMITTEE AND OF THE FUNDRAISING COMMITTEE OF MINNESOTA PRIVATE COLLEGE FUND. THE EXECUTIVE COMMITTEE HAS THE AUTHORITY OF THE BOARD IN THE MANAGEMENT OF THE BUSINESS OF THE ORGANIZATION IN THE INTERVAL BETWEEN MEETINGS OF THE BOARD, AND IS SUBJECT AT ALL TIME TO THE CONTROL AND DIRECTION OF THE BOARD. | |
| FORM 990, PART VI, SECTION A, LINE 4 | THE FUND ADOPTED A NEW MISSION STATEMENT AND UPDATED ITS BYLAWS. | |
| FORM 990, PART VI, SECTION B, LINE 11 | PRIOR TO FILING FORM 990, A DRAFT IS MAILED OR EMAILED TO THE BOARD FOR THEIR REVIEW AND APPROVAL. | |
| 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 B, LINE 15A | THE EXECUTIVE COMPENSATION COMMITTEE, APPOINTED BY THE EXECUTIVE COMMITTEE, REVIEWS AND RECOMMENDS THE PRESIDENT'S COMPENSATION TO THE EXECUTIVE COMMITTEE. AN INDEPENDENT COMPENSATION CONSULTANT IS HIRED TO PROVIDE MARKET DATA ANALYSES, INCLUDING DATA FROM OTHER NON-PROFIT ORGANIZATIONS AND THE NAICUSE STATE EXECUTIVE SURVEY. THE EXECUTIVE COMMITTEE APPROVES ANY CHANGES TO COMPENSATION. THE PRESIDENT'S COMPENSATION WAS LAST REVIEWED IN 2013. OTHER STAFF COMPENSATION IS DETERMINED BY THE PRESIDENT AND APPROVED AS PART OF THE SALARY POOL INCREASE DURING THE ANNUAL BUDGETING PROCESS. | |
| 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. | |
| OVERSIGHT OF THE AUDIT | FORM 990, PART XII, LINE 2C | THE PROCESS FOR THE OVERSIGHT AND SELECTION FOR THE AUDIT OF THE FINANCIAL STATEMENTS DID NOT CHANGE. |
Schedule R IRS990ScheduleR
Form990 Schedule R Part II Form990ScheduleRPartII (2 entries)
| Address Line1AddressUS/AddressLine1 | CityAddressUS/City | StateAddressUS/State | ZIP CodeAddressUS/ZIPCode | EINEIN | Primary ActivitiesPrimaryActivities | Legal Domicile StateLegalDomicileState | Exempt Code SectionExemptCodeSection | Controlled OrgControlledOrg |
|---|---|---|---|---|---|---|---|---|
| PARTNERS FOR EDUCATION OPPORTUNITY | ||||||||
| 445 MINNESOTA ST STE 500 | ST PAUL | MN | 55101 | 411891401 | HIGHER EDUCATION RELATED ACTIVITY | MN | 501(C)(4) | 0 |
| MINNESOTA PRIVATE COLLEGE COUNCIL INC | ||||||||
| 445 MINNESOTA ST STE 500 | ST PAUL | MN | 55101 | 455394262 | HIGHER EDUCATION RELATED ACTIVITY | MN | 501(C)(4) | 0 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Receipt Of Int Ann Rents Royalties | 0 | ReceiptOfIntAnnRentsRoyalties |
| Gift Grant Or Cap Contr To Other Org | 0 | GiftGrantOrCapContrToOtherOrg |
| Gift Grant Or Cap Contr Fr Other Org | 0 | GiftGrantOrCapContrFrOtherOrg |
| Loans Or Guarantees To Other Org | 0 | LoansOrGuaranteesToOtherOrg |
| Loans Or Guarantees From Other Org | 0 | LoansOrGuaranteesFromOtherOrg |
| Dividends Related Organization | 0 | DividendsRelatedOrganization |
| Sale Of Assets To Other Org | 0 | SaleOfAssetsToOtherOrg |
| Purchase Of Assets From Other Org | 0 | PurchaseOfAssetsFromOtherOrg |
| Exchange Of Assets | 0 | ExchangeOfAssets |
| Rental Of Facilities To Other Orgs | 0 | RentalOfFacilitiesToOtherOrgs |
| Rental Of Facilities Fr Other Orgs | 0 | RentalOfFacilitiesFrOtherOrgs |
| Perform Of Services For Other Orgs | 0 | PerformOfServicesForOtherOrgs |
| Perform Of Services By Other Orgs | 1 | PerformOfServicesByOtherOrgs |
| Sharing Of Facilities | 1 | SharingOfFacilities |
| Sharing Of Paid Employees | 0 | SharingOfPaidEmployees |
| Reimbursement Paid To Other Org | 1 | ReimbursementPaidToOtherOrg |
| Reimbursement Paid By Other Org | 0 | ReimbursementPaidByOtherOrg |
| Other Transfer To Other Org | 1 | OtherTransferToOtherOrg |
| Other Transfer From Other Org | 0 | OtherTransferFromOtherOrg |
Transactions Related Orgs Table TransactionsRelatedOrgsTable (4 entries)
| Transaction TypeTransactionType | Amount InvolvedAmountInvolved | Method Of Amt DeterminationMethodOfAmtDetermination |
|---|---|---|
| MINNESOTA PRIVATE COLLEGES COUNCIL INC | ||
| M | 231551 | FMV |
| MINNESOTA PRIVATE COLLEGES COUNCIL INC | ||
| N | 2500 | FMV |
| MINNESOTA PRIVATE COLLEGES COUNCIL INC | ||
| P | 7668 | FMV |
| MINNESOTA PRIVATE COLLEGES COUNCIL INC | ||
| R | 29012 | FMV |