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Minnesota Technology Foundation

EIN 36-3367684 · Minneapolis, MN

Public records show a registered, tax-exempt organization in good standing.

LegitimacyPassesRegistration and standingFinancial healthWeak32 out of 100GovernanceStrong100 out of 100Impact evidenceDescribes programsHow well its results are evidenced

What it says it does

THE MINNESOTA TECHNOLOGY FOUNDATION'S MISSION IS TO BUILD AND FOSTER A THRIVING STEM WORKFORCE IN MINNESOTA.

Income
$247,064
Spending
$385,212
Spent on programs
75%
Reserves
1 months of spending
Largest source of income
donations and private grants, 93%
Employees
0
Volunteers
150

Source: Form 990 for the year ending December 31, 2024, filed with the Internal Revenue Service. Rating method 2026.2. How we rate

Financial health

Weak: 32 out of 100.

  • Reserves

    10 of 35

    Spendable reserves would cover 1.0 months of spending.

  • Debt

    2 of 20

    It owes 76% of what it owns.

  • Living within its means

    0 of 15

    Spending exceeded income by 56% of income.

  • Income trend

    5 of 15

    Income fell 19% on the year before.

  • Spending floor

    15 of 15

    75% of spending went to programs and raising each dollar of donations cost 21 cents.

Source: Form 990 for the year ending December 31, 2024, filed with the Internal Revenue Service. Rating method 2026.2. How we rate

Governance

Strong: 100 out of 100.

  • Independent board

    25 of 25

    6 of 6 voting board members are independent.

  • Conflict of interest policy

    15 of 15

    Has a written conflict of interest policy.

  • Whistleblower policy

    8 of 8

    Has a written whistleblower policy.

  • Record keeping policy

    7 of 7

    Has a written policy on keeping and destroying records.

  • Board minutes

    5 of 5

    Keeps minutes of board meetings.

  • Board sees the tax return

    10 of 10

    Gave the board a copy of this return before filing it.

  • No reported misuse

    10 of 10

    Reports no diversion of assets, excess benefits or loans to insiders.

Source: Form 990 for the year ending December 31, 2024, filed with the Internal Revenue Service. Rating method 2026.2. How we rate

Impact evidence

Describes programs. Its tax return describes what it does but we have found no measurable results in it.

Programs described in its return (4)
  1. $169,208 spent. FISCAL AGENCY PROGRAMS:3M TWIST PROGRAM - THE FOUNDATION IS A FISCAL AGENT FOR AN EDUCATION PROGRAM SUPPORTED BY 3M. THE FOUNDATION PROCESSED PAYMENTS IN THE AMOUNT OF APPROXIMATELY $169,000 IN 2024 IN THIS PROGRAM AND THEY RECEIVED AN ANNUAL ADMINISTRATIVE FEE OF $17,000 IN 2024.
  2. $110,571 spent. LAUNCHED IN FALL 2023, THE MINNESOTA ASPIRATIONS IN COMPUTING (MNAIC) PROGRAM SUPPORTS YOUNG WOMEN IN EXPLORING AND PURSUING CAREERS IN TECHNOLOGY. LED BY THE MINNESOTA TECHNOLOGY FOUNDATION, THE PROGRAM OFFERS HIGH SCHOOL STUDENTS ACCESS TO AWARDS, PAID INTERNSHIPS, MENTORSHIP, JOB SHADOWING, SCHOLARSHIPS, AND HANDS-ON LEARNING EXPERIENCES. MNAIC IS DESIGNED TO DEVELOP TECHNICAL, LEADERSHIP, AND ENTREPRENEURIAL SKILLS WHILE EXPANDING PATHWAYS FOR YOUNG WOMEN IN COMPUTING. A CORNERSTONE OF THE PROGRAM IS THE AWARD FOR ASPIRATIONS IN COMPUTING, OPEN TO STUDENTS IN GRADES 9 THROUGH 12.MNAIC IS ONE OF MANY REGIONAL AFFILIATES OF THE NATIONAL CENTER FOR WOMEN & INFORMATION TECHNOLOGY (NCWIT), WHICH PROVIDES PROGRAM GUIDANCE AND SUPPORT. THIS PARTNERSHIP ENSURES THAT MINNESOTA AWARD RECIPIENTS ARE ELIGIBLE FOR NATIONAL RECOGNITION THROUGH NCWIT'S ASPIRATIONS IN COMPUTING PROGRAM.
  3. $9,000 spent. SCHOLARSHIP PROGRAMS:THE FOUNDATION MANAGES SEVERAL SCHOLARSHIPS RELATED TO ITS PROGRAMS. SCHOLARSHIPS WERE AWARDED THROUGH THE ASPIRATIONS IN COMPUTING PROGRAM AND THE WOMEN LEADING IN TECHNOLOGY PROGRAM. BOTH PROGRAMS RAISED FUNDS THAT ARE MANAGED BY THE FOUNDATION FOR SCHOLARSHIPS TO COLLEGE WOMEN IN STEM DEGREE PROGRAMS AND ALSO NON-COLLEGE BOOTCAMPS THAT TRAIN WOMEN IN VARIOUS STEM PROGRAM AREA'S. SCHOLARSHIPS ARE AWARDED BASED ON FUNDS RAISED.
  4. MENTORING AND INTERNSHIPS AND OTHER PROGRAM ACTIVITIES:THE FOUNDATION IS ACTIVELY ENGAGED TO CREATE MENTORING EXPERIENCES AND RELATIONSHIPS WHICH CONNECT STUDENTS WITH EXPERIENECED PROFESSIONALS IN THE FIELDS OF SCIENCE, TECHNOLOGY, ENGINEERING AND MATH (STEM). SPECIAL PROJECTS ALSO INCLUDE STEM EXPERIENCE TOURS, CONNECTING STUDENTS WITH COMPANIES TO TOUR THEIR FACILITIES SO THEY CAN VIEW WHAT A STEM CAREER MIGHT CONSIST OF.

Source: Form 990 for the year ending December 31, 2024, filed with the Internal Revenue Service. Rating method 2026.2. How we rate

Legitimacy checks

  1. Is it registered with the IRS? Passed.

    Listed in the IRS master file of tax-exempt organizations as a 501(c)(3) charitable organization.

    Source: Exempt Organizations Business Master File, Internal Revenue Service, file dated September 7, 2026.

  2. Has the IRS revoked its tax-exempt status? Passed.

    Not on the IRS automatic revocation list.

    Source: Automatic revocation of exemption list, Internal Revenue Service, file dated September 30, 2026.

  3. Are donations tax-deductible? Passed.

    On the IRS list of organizations eligible to receive tax-deductible contributions.

    Source: Publication 78 data: organizations eligible for tax-deductible contributions, Internal Revenue Service, file dated September 10, 2026.

  4. Is it keeping up with its IRS filings? Passed.

    Most recent return on file covers the year ending December 2024.

    Source: Exempt Organizations Business Master File, Internal Revenue Service, file dated September 7, 2026.

  5. How long has it been tax-exempt? Passed.

    Recognized by the IRS since December 1987.

    Source: Exempt Organizations Business Master File, Internal Revenue Service, file dated September 7, 2026.

  6. Is it in good standing with state regulators? Passed.

    Not on California's list of charities barred from soliciting. Other states are not yet checked.

    Source: May Not Operate or Solicit for Charitable Purposes list, California Attorney General, Registry of Charities and Fundraisers, file dated October 7, 2026.

Ratings and checks are our reading of public records, using the published method. They are not a statement about anyone's honesty. If you work for this organization, you can send corrections or results, confirm you want gifts through Veridonate, or ask to be removed from giving.