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Minnesota Technology Foundation

Organization summary

Type of Nonprofit

Designated as a Organizations for any of the following purposes: religious, educational, charitable, scientific, literary, testing for public safety, fostering national or international amateur sports competition (as long as it doesn't provide athletic facilities or equipment), or the prevention of cruelty to children or animals.

Donations to this organization are tax deductible.

Summary charts: organization finances over time

Revenue
$247k (2024)

Expenses
$385k (2024)

Total Assets
$250k (2024)

Total Liabilities
$190k (2024)

Source: Form 990 tax filings from 2011 to 2024

Tax Filings by Year

Form 990 is an information return that most organizations claiming federal tax-exempt status must file yearly with the IRS. Nonprofit Explorer has IRS digitized Form 990 data for filings processed in 2012 and later. If this organization filed an amended return, it may not be reflected below. Duplicate download links may indicate a resubmission or amendment to this organization's original return. Form 990 data is from the IRS.

Fiscal Year Ending Dec.
2024

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$247,064
Expenses
$385,212
Net Income
-$138,148
Net Assets
$60,098
Notable Sources of Revenue Percent of Total Revenue
Contributions $230,064
93.1%
Program Services $17,000
6.9%
Investment Income $0
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $250,260
Total Liabilities $190,162
Net Assets $60,098
Compensation
Key Employees and Officers Compensation Related Other
Jeff Tollefson (Mta President/Ceo) $0 $0 $0
Karen Hudson (Board Chair) $0 $0 $0
Douglas Carvinal (Board Secretary) $0 $0 $0
Rachel Polson (Board Treasurer) $0 $0 $0
Ed Foppe (Director) $0 $0 $0
Amy Patton (Director) $0 $0 $0

Document Links

Fiscal Year Ending Dec.
2023

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$303,864
Expenses
$283,921
Net Income
$19,943
Net Assets
$198,246
Notable Sources of Revenue Percent of Total Revenue
Contributions $285,807
94.1%
Program Services $18,000
5.9%
Investment Income $57
0.0%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $477,616
Total Liabilities $279,370
Net Assets $198,246
Compensation
Key Employees and Officers Compensation Related Other
Jeff Tollefson (Mta President/Ceo) $0 $0 $0
Anne Coffey (Board Chair) $0 $0 $0
Douglas Carvinal (Board Secretary) $0 $0 $0
Rachel Polson (Board Treasurer) $0 $0 $0
Jennifer Hauschildt (Director) $0 $0 $0
Dan Maloney (Director) $0 $0 $0
Cher Manowski (Director) $0 $0 $0
Brendan Nolan (Director) $0 $0 $0
Joel Crandall (Mta Foundation Exec Director) $0 $0 $0

Document Links

Fiscal Year Ending Dec.
2022

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$220,273
Expenses
$496,739
Net Income
-$276,466
Net Assets
$178,303
Notable Sources of Revenue Percent of Total Revenue
Contributions $189,790
86.2%
Program Services $29,940
13.6%
Investment Income $543
0.2%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $503,211
Total Liabilities $324,908
Net Assets $178,303
Compensation
Key Employees and Officers Compensation Related Other
Jeff Tollefson (Mta President/Ceo) $0 $0 $0
Anne Coffey (Board Chair) $0 $0 $0
Kevin Hansen (Board Vice Chair) $0 $0 $0
Douglas Carvinal (Board Secretary) $0 $0 $0
Rachel Polson (Board Treasurer) $0 $0 $0
Jennifer Hauschildt (Director) $0 $0 $0
Dan Maloney (Director) $0 $0 $0
Cher Manowski (Director) $0 $0 $0
Brendan Nolan (Director) $0 $0 $0

Document Links

Fiscal Year Ending Dec.
2021

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$375,492
Expenses
$206,460
Net Income
$169,032
Net Assets
$454,769
Notable Sources of Revenue Percent of Total Revenue
Contributions $374,748
99.8%
Program Services $0
Investment Income $744
0.2%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $600,393
Total Liabilities $145,624
Net Assets $454,769
Compensation
Key Employees and Officers Compensation Related Other
Jeff Tollefson (Mta President/Ceo) $0 $0 $0
Anne Coffey (Board Chair) $0 $0 $0
Kevin Hansen (Board Vice Chair) $0 $0 $0
Douglas Carvinal (Board Secretary) $0 $0 $0
Rachel Polson (Board Treasurer) $0 $0 $0
Jennifer Hauschildt (Director) $0 $0 $0
Dan Maloney (Director) $0 $0 $0
Cher Manowski (Director) $0 $0 $0
Varda Nauen (Director) $0 $0 $0
Brendan Nolan (Director) $0 $0 $0

Document Links

Fiscal Year Ending Dec.
2020

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$78,506
Expenses
$121,209
Net Income
-$42,703
Net Assets
$285,737
Notable Sources of Revenue Percent of Total Revenue
Contributions $77,153
98.3%
Program Services $0
Investment Income $1,353
1.7%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $530,586
Total Liabilities $244,849
Net Assets $285,737

No Document Links

The IRS has provided extracted financial data for this filing, but has not yet released the source documents.

Fiscal Year Ending Dec.
2019

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$375,690
Expenses
$359,913
Net Income
$15,777
Net Assets
$328,440
Notable Sources of Revenue Percent of Total Revenue
Contributions $334,201
89.0%
Program Services $0
Investment Income $958
0.3%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $40,531
10.8%
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $570,828
Total Liabilities $242,388
Net Assets $328,440
Compensation
Key Employees and Officers Compensation Related Other
Jeff Tollefson (Mhta President/Ceo) $0 $0 $0
Lisa Schlosser (Mhta Former Interim President/Ceo) $0 $0 $0
Margaret Anderson Kelliher (Mhta Former President/Ceo) $0 $0 $0
Varda Nauen (Board Chair) $0 $0 $0
Kevin Hansen (Vice Chair) $0 $0 $0
Doug Carnival (Secretary) $0 $0 $0
Rachel Polson (Treasurer) $0 $0 $0
Anne Coffey (Director) $0 $0 $0
Jennifer Hauschildt (Director) $0 $0 $0
Brendan Nolan (Director) $0 $0 $0
Mary Pease (Director) $0 $0 $0

Document Links

Fiscal Year Ending Dec.
2018

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$436,501
Expenses
$409,359
Net Income
$27,142
Net Assets
$312,663
Notable Sources of Revenue Percent of Total Revenue
Contributions $415,479
95.2%
Program Services $0
Investment Income $675
0.2%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $20,347
4.7%
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $550,538
Total Liabilities $237,875
Net Assets $312,663
Compensation
Key Employees and Officers Compensation Related Other
Varda Nauen (Board Chair) $0 $0 $0
Kevin Hansen (Vice Chair) $0 $0 $0
Doug Carnival (Secretary) $0 $0 $0
Rachel Polson (Treasurer) $0 $0 $0
Margaret Anderson Kelliher (Mhtf President And Ceo) $0 $0 $0
Anne Coffey (Director) $0 $0 $0
Jennifer Hauschildt (Director) $0 $0 $0
Brendan Nolan (Director) $0 $0 $0
Mary Pease (Director) $0 $0 $0
Ann Thureen (Director) $0 $0 $0
Chris Vitek (Director) $0 $0 $0

Document Links

Fiscal Year Ending Dec.
2017

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$390,545
Expenses
$434,225
Net Income
-$43,680
Net Assets
$285,521
Notable Sources of Revenue Percent of Total Revenue
Contributions $370,478
94.9%
Program Services $0
Investment Income $675
0.2%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $19,392
5.0%
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $547,362
Total Liabilities $261,841
Net Assets $285,521
Compensation
Key Employees and Officers Compensation Related Other
Jennifer Hauschildt (Board Chair) $0 $0 $0
Varda Nauen (Vice Chair) $0 $0 $0
Doug Carnival (Secretary) $0 $0 $0
Rachel Polson (Treasurer) $0 $0 $0
Margaret Anderson Kelliher (Mhtf President And Ceo) $0 $0 $0
Anne Coffey (Director) $0 $0 $0
Kevin Hansen (Director) $0 $0 $0
Brendan Nolan (Director) $0 $0 $0
Mary Pease (Director) $0 $0 $0
Ann Thureen (Director) $0 $0 $0
Chris Vitek (Director) $0 $0 $0

Document Links

Fiscal Year Ending Dec.
2016

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$403,123
Expenses
$362,653
Net Income
$40,470
Net Assets
$329,201
Notable Sources of Revenue Percent of Total Revenue
Contributions $408,113
> 100%
Program Services $0
Investment Income $576
0.1%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising -$5,566
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $549,201
Total Liabilities $220,000
Net Assets $329,201
Compensation
Key Employees and Officers Compensation Related Other
Jennifer Hauschildt (Board Chair) $0 $0 $0
Rachel Polson (Treasurer) $0 $0 $0
Doug Carnival (Secretary) $0 $0 $0
Margaret Anderson Kelliher (Member/Mhtf President) $0 $0 $0
Anne Coffey (Member) $0 $0 $0
Kevin Hansen (Member) $0 $0 $0
Varda Nauen (Member) $0 $0 $0
Brendan Nolan (Member) $0 $0 $0
Mary Pease (Member) $0 $0 $0
Ann Thureen (Member) $0 $0 $0
Chris Vitek (Member) $0 $0 $0

Document Links

Fiscal Year Ending Dec.
2015

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$259,935
Expenses
$423,453
Net Income
-$163,518
Net Assets
$288,731
Notable Sources of Revenue Percent of Total Revenue
Contributions $259,510
99.8%
Program Services $0
Investment Income $425
0.2%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $291,119
Total Liabilities $2,388
Net Assets $288,731
Compensation
Key Employees and Officers Compensation Related Other
Jennifer Hauschildt (Board Chair) $0 $0 $0
Kay O'keefe (Vice Chair) $0 $0 $0
Rachel Polson (Treasurer) $0 $0 $0
Doug Carnival (Secretary) $0 $0 $0
Margaret Anderson Kelliher (Member/Mhtf President) $0 $0 $0
Varda Nauen (Member) $0 $0 $0
Brendan Nolan (Member) $0 $0 $0
Mary Pease (Member) $0 $0 $0
Ann Thureen (Member) $0 $0 $0

Document Links

Fiscal Year Ending Dec.
2014

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$333,350
Expenses
$364,414
Net Income
-$31,064
Net Assets
$452,249
Notable Sources of Revenue Percent of Total Revenue
Contributions $332,770
99.8%
Program Services $0
Investment Income $580
0.2%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $456,926
Total Liabilities $4,677
Net Assets $452,249
Compensation
Key Employees and Officers Compensation Related Other
Jennifer Hauschildt (Board Chair) $0 $0 $0
Kay O'keefe (Vice Chair) $0 $0 $0
Rachel Polson (Treasurer) $0 $0 $0
Doug Carnival (Secretary) $0 $0 $0
Margaret Anderson Kelliher (Member/Mhtf President) $0 $0 $0
Jane Casto (Member) $0 $0 $0
Ann Thureen (Member) $0 $0 $0

Document Links

Fiscal Year Ending Dec.
2013

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$292,997
Expenses
$478,328
Net Income
-$185,331
Net Assets
$483,313
Notable Sources of Revenue Percent of Total Revenue
Contributions $294,376
> 100%
Program Services $0
Investment Income $1,173
0.4%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising -$2,552
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $494,481
Total Liabilities $11,168
Net Assets $483,313
Compensation
Key Employees and Officers Compensation Related Other
Margaret Anderson Kelliher (Member/Mhta President) $0 $0 $0
Jane Casto (Member) $0 $0 $0
Jennifer Hauschildt (Board Chair) $0 $0 $0
Doug Carnival (Secretary) $0 $0 $0
Rachel Polson (Treasurer) $0 $0 $0
George Aram (Member) $0 $0 $0
Ann Thureen (Member) $0 $0 $0
Kay O'keefe (Vice Chair) $0 $0 $0

Document Links

Fiscal Year Ending Dec.
2012

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$394,061
Expenses
$511,642
Net Income
-$117,581
Net Assets
$668,644
Notable Sources of Revenue Percent of Total Revenue
Contributions $389,340
98.8%
Program Services $0
Investment Income $3,561
0.9%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising -$1,197
Sales of Assets -$13,992
Net Inventory Sales $0
Other Revenue $16,349
4.1%
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $708,154
Total Liabilities $39,510
Net Assets $668,644

Document Links

Fiscal Year Ending Dec.
2011

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$306,555
Expenses
$434,463
Net Income
-$127,908
Net Assets
$786,225
Notable Sources of Revenue Percent of Total Revenue
Contributions $285,157
93.0%
Program Services $0
Investment Income $1,229
0.4%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $4,299
1.4%
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $15,870
5.2%
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $821,798
Total Liabilities $35,573
Net Assets $786,225

Document Links

Fiscal Year Ending Dec.
2010

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

Fiscal Year Ending Dec.
2009

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

Fiscal Year Ending Dec.
2008

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

Fiscal Year Ending Dec.
2007

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

Fiscal Year Ending Dec.
2006

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

Fiscal Year Ending Dec.
2005

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

Fiscal Year Ending Dec.
2004

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

Fiscal Year Ending Dec.
2003

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

Fiscal Year Ending Dec.
2002

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

Fiscal Year Ending Dec.
2001

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

About This Data

What Is This Data?

Nonprofit Explorer includes summary data for nonprofit tax returns and full Form 990 documents, in both PDF and digital formats.

The summary data contains information processed by the IRS during the 2012-2019 calendar years; this generally consists of filings for the 2011-2018 fiscal years, but may include older records. This data release includes only a subset of what can be found in the full Form 990s.

In addition to the raw summary data, we link to PDFs and digital copies of full Form 990 documents wherever possible. This consists of separate releases by the IRS of Form 990 documents processed by the agency, which we update regularly.

We also link to copies of audits nonprofit organizations that spent $750,000 or more in Federal grant money in a single fiscal year since 2016. These audits are copied from the Federal Audit Clearinghouse.

Which Organizations Are Here?

Every organization that has been recognized as tax exempt by the IRS has to file Form 990 every year, unless they make less than $200,000 in revenue and have less than $500,000 in assets, in which case they have to file form 990-EZ. Organizations making less than $50,000 don’t have to file either form but do have to let the IRS they’re still in business via a Form 990N "e-Postcard."

Nonprofit Explorer has organizations claiming tax exemption in each of the 27 subsections of the 501(c) section of the tax code, and which have filed a Form 990, Form 990EZ or Form 990PF. Taxable trusts and private foundations that are required to file a form 990PF are also included. Small organizations filing a Form 990N "e-Postcard" are not included in this data.

Types of Nonprofits

There are 27 nonprofit designations based on the numbered subsections of section 501(c) of the tax code. See the list »

Get the Data

For those interested in acquiring the original data from the source, here’s where our data comes from:

  • Raw filing data. Includes EINs and summary financials as structured data.
  • Exempt Organization profiles. Includes organization names, addresses, etc. You can merge this with the raw filing data using EIN numbers.
  • Form 990 documents. Prior to 2017, these documents were obtained and processed by Public.Resource.org and ProPublica. Bulk PDF downloads since 2017 are available from the IRS.
  • Form 990 documents as XML files. Includes complete filing data (financial details, names of officers, tax schedules, etc.) in machine-readable format. Only available for electronically filed documents. Electronic data released prior to October 2021 is also available through Amazon Web Services.
  • Audits. PDFs of single or program-specific audits for nonprofit organizations that spent $750,000 or more in Federal grant money in a single fiscal year. Available for fiscal year 2015 and later.

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