EIN 51-0166951

Minnesota Private College Fund

IRS 501(c) type
501(c)(3)
Num. employees
0
Year formed
1975
Most recent tax filings
2023-06-01
Description
Raises philanthropic support for 17 private colleges and universities. Funds scholarships and innovation programs to benefit member institutions and their students.
Total revenues
$1,966,152
2023
Total expenses
$1,992,508
2023
Total assets
$2,945,928
2023
Num. employees
0
2023

Program areas at Minnesota Private College Fund

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 raised through fundraising goes directly to (1) the 17 member institutions in the form of general operating support, and (2) to students enrolled in member institutions in the form of scholarships. Each member institution pays annual dues to mpcf, which cover all the Fund's general overhead, fundraising, and administrative expenses.
The black men's success initiative offers a unique two-year leadership program for black men at our member colleges. The program combines a two-year scholarship with comprehensive academic and professional advising, culturally relevant mentoring, leadership development, financial literacy programming, experiential learning, networking opportunities with black professionals, and career preparation.
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 2023.

Grants made by Minnesota Private College Fund

GranteeGrant descriptionAmount
University of St ThomasOperations, Student Scholarships$167,366
Augsburg UniversityOperations, Student Scholarships$102,164
College of Saint Benedict and Saint John's University (CSBSJU)Operations, Student Scholarships$69,254
...and 14 more grants made

Who funds Minnesota Private College Fund

Grants from foundations and other nonprofits
GrantmakerDescriptionAmount
Ciresi Walburn FoundationRKMC Foundation for Children Scholarship and Capacity Building for African American Men Grants Issued$461,596
The Jay and Rose Phillips Family Foundation of MinnesotaEddie Phillips Scholarship$230,000
The Jay and Rose Phillips Family Foundation of MinnesotaEddie Phillips Scholarship$230,000
...and 18 more grants received totalling $1,691,221

Personnel at Minnesota Private College Fund

NameTitleCompensation
Paul D CerkvenikPresident and Chief Executive Officer$0
Stacey HollandChief Financial Officer$0
Sundraya Sunny KaseDirector of Community Initiative
Rebecca BergmanChair$0
Kathleen CooneyVice Chair$0
...and 8 more key personnel

Financials for Minnesota Private College Fund

RevenuesFYE 06/2023
Total grants, contributions, etc.$1,647,654
Program services$315,164
Investment income and dividends$184
Tax-exempt bond proceeds$0
Royalty revenue$0
Net rental income$0
Net gain from sale of non-inventory assets$0
Net income from fundraising events$0
Net income from gaming activities$0
Net income from sales of inventory$0
Miscellaneous revenues$3,150
Total revenues$1,966,152

Form 990s for Minnesota Private College Fund

Fiscal year endingDate received by IRSFormPDF link
2023-062023-11-08990View PDF
2022-062022-11-09990View PDF
2021-062021-11-04990View PDF
2020-062021-02-22990View PDF
2019-062020-01-23990View PDF
...and 9 more Form 990s
Data update history
January 1, 2024
Posted financials
Added Form 990 for fiscal year 2023
January 1, 2024
Updated personnel
Identified 6 new personnel
December 26, 2023
Received grants
Identified 3 new grant, including a grant for $30,000 from The Richard M Schulze Family Foundation
December 25, 2023
Used new vendors
Identified 1 new vendor, including
October 4, 2023
Updated personnel
Identified 1 new personnel
Nonprofit Types
Trade associationsBusiness and community development organizationsSchoolsCharities
Issues
Science and technologyEducationBusiness and industry
Characteristics
Provides grantsState / local levelTax deductible donationsNo full-time employees
General information
Address
445 Minnesota St 500
St Paul, MN 55101
Metro area
Minneapolis-St. Paul-Bloomington, MN-WI
Website URL
mnprivatecolleges.org/giving 
Phone
(651) 228-9061
IRS details
EIN
51-0166951
Fiscal year end
June
Taxreturn type
Form 990
Year formed
1975
Eligible to receive tax-deductible contributions (Pub 78)
Yes
Categorization
NTEE code, primary
B80: Student Services and Organizations of Students
NAICS code, primary
813910: Trade Associations
Parent/child status
Independent
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