Minneapolis Community and Technical College Foundation
The purpose of the Minneapolis Community and Technical College Foundation is to provide financial assistance and educational support to students of need who attend Minneapolis Community and Technical College.
Review Completed: 1/25/2011
1501 Hennepin Avenue
Minneapolis, MN 55403
|Other Names Used
||Reede Webster, Executive Director
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|Publicly Available Documents
Most Recent 990
Most Recent Audit
In fiscal year 2010, revenues exceeded $1 million and our net assets increased by roughly $200,000 to nearly $3.3 million. The MCTC Foundation delivered over $400,000 in scholarships to low-income academically talented students. In addition, we received donations from over 200 alumni.
The MCTC Foundation hosted the 20th annual MLK "Celebrate the Dream" tribute in January 2010.
In May 2010, the MCTC Foundation held its 2nd Annual Power of GIVING Luncheon. Nearly, 300 people attended and we raised $90,000 for scholarships.
We achieved our fundraising goal by raising over $5.5 million for the Power of YOU program. The Power of YOU has now provided nearly 2,000 low-income students the opportunity of two years of of tuition-free college.
Our goal for fiscal year 2011 is to award $350,000 in scholarships and to continue to fundraise for the Power of YOU as well as other programs such as JumpStart to College and our annual MLK event.
We are in the planning stages for the college's Retention and Graduation Initiative fundraising.
Community or Constituency Served
Students from the metro area ranging in age from 18 - 65
Geographic Area Served
Twin Cities area
Impact and Programs
3 Year Average Expenses
Unrestricted Net Assets
|End of Year:
|Beginning of Year
|Unrestricted Net Assets (End of Year), Current 990
|Based on information provided on 2006 to 2008