Detroit Lakes Technical College Trust Association in Detroit Lakes, Minnesota (MN)
Table of contents:
| Detroit Lakes Technical College Trust Association | |
| Employer Identification Number (EIN) | 411407214 |
| Name of Organization | Detroit Lakes Technical College Trust Association |
| In Care of Name | Nancy Nelson |
| Address | 900 Highway 34 East, Detroit Lakes, MN 56501-2698 |
| Activities | Scholarships (other), Other school related activities |
| Subsection | Charitable Organization, Educational Organization |
| Ruling Date | 02/1982 |
| Deductibility | Contributions are deductible |
| Foundation | Organization which operates for benefit of college or university and is owned or operated by a governmental unit |
| Organization | Corporation |
| Exempt Organization Status | Unconditional Exemption |
| Tax Period | 2007 |
| Assets | $100,000 to $499,999 |
| Income | $25,000 to $99,999 |
| Filing Requirement | 990 (all other) or 990EZ return |
| Asset Amount | $309,316 |
| Amount of Income | $71,302 |
| Form 990 Revenue Amount | $33,512 |
| National Taxonomy of Exempt Entities (NTEE) | Educational Institutions and Related Activities: |
Non-representatives - add comments:
Amount of income in 2007: $71,302 (it was $33,512 in 2014)
| This organization: | $71,302 |
| Other organizations performing similar types of work: | $789,254 |
Assets in 2007: $309,316 (it was $309,316 in 2014)
| Detroit Lakes Technical College Trust Association: | $309,316 |
| Other organizations performing similar types of work: | $309,316 |
Expenses in 2014: $20,498
| Detroit Lakes Technical College Trust Association: | $20,498 |
| Other organizations performing similar types of work: | $1,472,561 |
Income to expenses ratio in 2014: 3.5
| This organization: | 3.5 |
| Other organizations performing similar types of work: | 1.2 |
Grants share in income in 2014: 64.7%
| This organization: | 64.7% |
| Other organizations performing similar types of work: | 0.9% |
Revenue for 2014
Support schedule
| Revenue, Expenses, and Changes in Net Assets or Fund Balances | ||||
| 2011 | 2012 | 2013 | 2014 | |
|---|---|---|---|---|
| Total revenue | $101,503 | $43,418 | $21,517 | $33,512 |
| Contributions, gifts, grants, and similar amounts received | $64,795 | $26,669 | $8,270 | $21,695 |
| Program service revenue including government fees and contracts | $0 | $0 | $0 | $0 |
| Membership dues and assessments | $0 | $0 | $0 | $0 |
| Investment income | $4,420 | $4,752 | $14,987 | $3,495 |
| Gain/Loss from sale of assets other than inventory | $23,061 | $0 | $0 | $5,224 |
| Gross amount from sale of assets other than inventory | $24,994 | $0 | $0 | $43,014 |
| Less: cost or other basis and sales expenses | $1,933 | $0 | $0 | $37,790 |
| Net income/loss from gaming and fundraising events | $9,227 | $11,997 | $-1,740 | $3,098 |
| Gross income from gaming | $0 | $0 | $0 | $0 |
| Gross income from fundraising events | $104,331 | $15,753 | $1,240 | $3,098 |
| Less: direct expenses from gaming and fundraising events | $95,104 | $3,756 | $2,980 | $0 |
| Gross profit/loss from sales of inventory | $0 | $0 | $0 | $0 |
| Other revenue | $0 | $0 | $0 | $0 |
| Total expenses | $63,675 | $29,171 | $30,940 | $20,498 |
| Total net assets | $270,445 | $288,773 | $279,350 | $309,316 |
| Excess/Deficit for the year | $37,828 | $14,247 | $-9,423 | $13,014 |
| Net assets or fund balances at beginning of year | $234,552 | $274,293 | $288,773 | $279,350 |
| Other changes in net assets or fund balances | $-1,935 | $233 | $0 | $16,952 |
| Net assets or fund balances at end of year | $288,773 | $279,350 | $309,316 | |
| Balance Sheets | ||||
| 2011 | 2012 | 2013 | 2014 | |
|---|---|---|---|---|
| Total assets | $270,445 | $290,273 | $279,350 | $309,316 |
| Total liabilities | $0 | $1,500 | $0 | $0 |
| Net assets or fund balances | $270,445 | $288,773 | $279,350 | $309,316 |
| Other Information | ||||
| 2011 | 2012 | 2013 | 2014 | |
|---|---|---|---|---|
| Did the organization engage in any significant activity not previously reported to the IRS? | No | No | No | |
| Were any significant changes made to the organizing or governing documents? | No | No | No | |
| Did the organization have unrelated business gross income of $1,000 or more during the year from business activities | No | No | No | No |
| Has the organization filed a Form 990-T for the year? | No | No | No | |
| Did the organization undergo a liquidation, dissolution, termination, or significant disposition of net assets during the year? | No | No | No | |
| Amount of political expenditures, direct or indirect | $0 | $0 | $0 | |
| Did the organization file Form 1120-POL for this year? | No | No | No | |
| Did the organization borrow from, or make any loans to, any officer, director, trustee, or key employee or were any such loans made in a prior year and still outstanding at the end of the tax year covered by this return? | No | No | No | |
| Total amount involved | $0 | $0 | $0 | |
| Initiation fees and capital contributions | $0 | $0 | $0 | $0 |
| Gross receipts for public use of club facilities | $0 | $0 | $0 | $0 |
| Did the organization engage in any section 4958 excess benefit transaction during the year, or did it engage in an excess benefit transaction in a prior year that has not been reported on any of its prior Forms 990 or 990-EZ? | No | No | No | |
| At any time during the tax year, was the organization a party to a prohibited tax shelter transaction? | No | No | No | |
| Reason for Public Charity Status (for 2014) | |
| The organization is not a private foundation because it is: | A federal, state, or local government or governmental unit described in section 170(b)(1)(A)(v) |
| Number of organizations supported | 0 |
| Sum of amounts of support | $0 |
| Support Schedule for Organizations Described in Sections 170(b)(1)(A)(iv) and 170(b)(1)(A)(vi) (for 2010 - 2014) | |
| 2010 - 2014 Total | |
|---|---|
| Public Support | $241,378 |
| Subtotal Support | $241,378 |
| Gifts, grants, contributions, and membership fees received | $184,855 |
| Tax revenues levied for the organization's benefit and either paid to or expended on its behalf | $0 |
| The value of services or facilities furnished by a governmental unit to the organization without charge | $56,523 |
| The portion of total contributions by each person (other than a governmental unit or publicly supported organization) that exceeds 2% of the total support | $0 |
| Total Support | $276,496 |
| Public Support | $241,378 |
| Gross income from interest, dividends, payments received on securities loans, rents, royalties and income from similar sources | $30,118 |
| Net income from unrelated business activities, whether or not the business is regularly carried on | $0 |
| Other income. Do not include gain or loss from the sale of capital assets | $5,000 |
| Gross receipts from related activities, etc. | $0 |
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| Organizations performing similar types of work | |||||
| Id | Name | Address | State | Established | Total Income |
|---|---|---|---|---|---|
| 1 | Living Classrooms Foundation Inc | 802 S Caroline St, Baltimore, MD 21231-3332 | MD | 1998-05 | $11,860,896 |
| 2 | Bridgton Academy | 11 Academy Lane, Bridgton, ME 04009 | ME | 1965-01 | $8,794,663 |
| 3 | Pittsburgh Institute Of Aeronautics | PO BOX 10897, Pittsburgh, PA 15236-0897 | PA | 1946-02 | $8,584,767 |
| 4 | William R Moore College Of Technology | 1200 Poplar Ave, Memphis, TN 38104-7240 | TN | 1946-04 | $8,392,049 |
| 5 | Operating Engineers Local 324 Journeymen & Apprentice Training F, Local 324 | 275 E Highland Rd, Howell, MI 48843-1210 | MI | 1995-04 | $5,078,616 |
| 6 | Business Education In Science And Technology For New Americans Inc | 931 Coney Island Ave 2nd Fl, Brooklyn, NY 11230-1401 | NY | 1998-06 | $3,164,220 |
| 7 | Global Business School Inc | 1931 Mott Avenue, Far Rockaway, NY 11691-4100 | NY | 1990-01 | $1,299,690 |
| 8 | Rhode Island Construction Training Academy | 249 Roosevelt Ave Unit 4, Pawtucket, RI 02860-2134 | RI | 1997-11 | $266,352 |
| 9 | Detroit Lakes Technical College Trust Association | 900 Highway 34 East, Detroit Lakes, MN 56501-2698 | MN | 1982-02 | $71,302 |
| 10 | South Central Educational Association Inc | PO BOX 281, Paoli, IN 47454-0281 | IN | 1997-08 | $3,070 |
| 11 | Abc National Line Erector Training Trust Fund, Shaw Danny J Ttee | 3730 Coconut Creek Pkwy Ste 200, Coconut Creek, FL 33066-1639 | FL | 1995-01 | $0 |
| 12 | Clinton University | 1601 Bayshore Hwy Ste 323, Burlingame, CA 94010-1510 | CA | 1995-10 | $0 |
| 13 | Denver Business College Inc | 55 Madison St Ste 700, Denver, CO 80206-5423 | CO | 1995-01 | $0 |
| 14 | Farsight Research Inc | Po Box 601, Decatur, GA 30031 | GA | 1997-10 | $0 |
| 15 | Fort Worth Agc Construction Education Foundation | 417 Fulton St, Ft Worth, TX 76104-2214 | TX | 1996-04 | $0 |
| 16 | Organization For African Peoples Participation In Technology, O F A P P I T | 205 Seaman Neck Rd, Dix Hills, NY 11746-8027 | NY | 1995-05 | $0 |
| 17 | Stepping Stone Vocational Trade School | 1128 Zephyr St, Ypsilanti, MI 48198-6296 | MI | 1996-04 | $0 |
| 18 | Teletraining Institute Inc | 1760 W Lakeview Rd, Stillwater, OK 74075-2746 | OK | 1995-04 | $0 |
| 19 | The Aws Honor Society Alpha Upsilon Sigma Inc | 550 Nw Lejeune Rd, Miami, FL 33126-5649 | FL | 1996-11 | $0 |
| 20 | The Pennsylvania Career Development Center | 717 Liberty Ave, Pittsburgh, PA 15222-3511 | PA | 1995-12 | $0 |
| Number of organizations performing similar types of work | |||||||||||||||||||||||||||||||||||||||||
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| Total | 26 | ||||||||||||||||||||||||||||||||||||||||
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