Nei College Of Technology, Attn Terry L Ocel in Minneapolis, Minnesota (MN)

Nei College Of Technology, Attn Terry L Ocel
Employer Identification Number (EIN)	410451480
Name of Organization	Nei College Of Technology
Secondary Name	Attn Terry L Ocel
In Care of Name	Dunwoody College Of Technology
Address	818 Dunwoody Blvd, Minneapolis, MN 55403-1141
Activities	School, college, trade school, etc.
Subsection	Educational Organization
Ruling Date	05/1950
Deductibility	Contributions are deductible
Foundation	School
Organization	Corporation
Exempt Organization Status	Unconditional Exemption
Tax Period	05/2005
Assets	$0
Income	$0
Filing Requirement	990 - Required to file Form 990-N - Income less than $25,000 per year
Asset Amount	$2,225,286
Amount of Income	$4,817,164
Form 990 Revenue Amount	$4,817,164
National Taxonomy of Exempt Entities (NTEE)	Educational Institutions and Related Activities: Vocational, Technical Schools

Non-representatives - add comments:

Amount of income in 2005: $4,817,164

Nei College Of Technology, Attn Terry L Ocel:	$4,817,164
Other organizations performing similar types of work:	$4,145,797

Assets in 2005: $2,225,286

Nei College Of Technology, Attn Terry L Ocel:	$2,225,286
Other organizations performing similar types of work:	$2,225,286

Expenses in 2001: $5,163,713

This organization:	$5,163,713
Other organizations performing similar types of work:	$2,356,990

Income to expenses ratio in 2001: 0.9

This organization:	0.9
Other organizations performing similar types of work:	1.1

Expenses allocated to program services in 2001: 68.4%

This organization:	68.4%
Other organizations performing similar types of work:	72.1%

Number of employees in 2001: 86

Nei College Of Technology, Attn Terry L Ocel:	86
Other organizations performing similar types of work:	65

Employees paid over $50,000 in 2001: 5.8%

Nei College Of Technology, Attn Terry L Ocel:	5.8%
Other organizations performing similar types of work:	22.3%

Grants share in income in 2001: 1.1%

Nei College Of Technology, Attn Terry L Ocel:	1.1%
Other organizations performing similar types of work:	23.4%

Financial snapshot ($)

Revenue for 2001

Assets at end of 2001

Expenses for 2001

Functional Expenses for 2001 ($)

Income-Producing Activities for 2001

	2000	2001
Revenue, Expenses, and Changes in Net Assets or Fund Balances
Total revenue	$4,620,488	$4,817,164
Contributions, gifts, grants, and similar amounts received	$52,046	$55,275
Contributions to donor advised funds
Direct public support	$0	$7,000
Indirect public support	$0	$0
Government contributions (grants)	$52,046	$48,275
Program service revenue including government fees and contracts	$3,893,307	$4,605,007
Membership dues and assessments	$0	$0
Interest on savings and temporary cash investments	$0	$0
Dividends and interest from securities	$28,116	$23,119
Net rental income or (loss)	$55,893	$67,707
Gross rents	$55,893	$67,707
Less: rental expenses	$0	$0
Other investment income	$0	$0
Gain or (loss) from sales of assets other than inventory	$490,022	$-54,981
Gross amount from sales of assets other than inventory	$1,301,571	$616,294
Less: cost or other basis and sales expenses	$811,549	$671,275
Net income or (loss) from special events and activities	$0	$0
Gross revenue	$0	$0
Less: direct expenses other than fundraising expenses	$0	$0
Gross profit or (loss) from sales of inventory	$101,104	$121,037
Gross sales of inventory, less returns and allowances	$259,424	$284,205
Less: cost of goods sold	$158,320	$163,168
Other revenue	$0	$0
Total expenses	$4,482,858	$5,163,713
Program services	$3,272,495	$3,534,307
Management and general	$1,210,363	$1,629,406
Fundraising	$0	$0
Payments to affiliates	$0	$0
Net assets or fund balances at end of year	$2,616,389	$2,225,286
Excess or (deficit) for the year	$137,630	$-346,549
Net assets or fund balances at beginning of year	$2,825,481	$2,616,389
Other changes in net assets or fund balances	$-346,722	$-44,554

	Total	Program services	Management and general	Fundraising
Statement of Functional Expenses (for 2001)
Total functional expenses	$5,163,713	$3,534,307	$1,629,406	$0
Grants paid from donor advised funds
Other grants and allocations		$13,232
Specific assistance to individuals		$0
Benefits paid to or for members		$0
Compensation of current officers, directors, key employees, etc.	$160,440	$0	$160,440	$0
Compensation of former officers, directors, key employees, etc.
Compensation and other distributions, not included above, to disqualified persons (as defined under section 4958(f)(1)) and persons described in section 4958(c)(3)(B)
Salaries and wages of employees not included above	$2,404,301	$2,035,080	$369,221	$0
Pension plan contributions not included above	$56,484	$38,681	$17,803	$0
Employee benefits not included above	$167,140	$127,332	$39,808	$0
Payroll taxes	$184,739	$145,735	$39,004	$0
Professional fundraising fees	$0	$0	$0	$0
Accounting fees	$19,802	$0	$19,802	$0
Legal fees	$0	$0	$0	$0
Supplies	$14,926	$0	$14,926	$0
Telephone	$15,104	$0	$15,104	$0
Postage and shipping	$13,399	$0	$13,399	$0
Occupancy	$61,209	$55,088	$6,121	$0
Equipment rental and maintenance	$0	$0	$0	$0
Printing and publications	$69,222	$49,839	$19,383	$0
Travel	$0	$0	$0	$0
Conferences, conventions, and meetings	$0	$0	$0	$0
Interest	$20,886	$0	$20,886	$0
Depreciation, depletion, etc.	$258,462	$232,616	$25,846	$0
Other expenses not covered above	$1,704,367	$836,704	$867,663	$0

	2000	2001
Balance Sheets
Total assets	$3,707,394	$3,908,222
Cash - non-interest-bearing	$24,258	$59,764
Savings and temporary cash investments	$371,624	$243,660
Accounts receivable less allowance for doubtful accounts	$978,808	$1,201,785
Pledges receivable less allowance for doubtful accounts	$0	$0
Grants receivable	$0	$0
Receivables from current and former officers, directors, trustees, and key employees	$0	$0
Receivables from other disqualified persons (as defined under section 4958(f)(1)) and persons described in section 4958(c)(3)(B)
Other notes and loans receivable less allowance for doubtful accounts	$0	$0
Inventories for sale or use	$68,358	$75,010
Prepaid expenses and deferred charges	$17,276	$17,969
Investments - publicly-traded securities
Investments - other securities	$1,035,454	$757,998
Investments - land, buildings, and equipment less accumulated depreciation	$0	$0
Investments - other	$0	$0
Land, buildings, and equipment less accumulated depreciation	$1,195,680	$1,532,873
Other assets, including program-related investments	$15,936	$19,163
Total liabilities	$1,091,005	$1,682,936
Accounts payable and accrued expenses	$108,179	$135,963
Grants payable	$0	$0
Deferred revenue	$0	$0
Loans from officers, directors, trustees, and key employees	$0	$0
Tax-exempt bond liabilities	$0	$0
Mortgages and other notes payable	$38,036	$368,001
Other liabilities	$944,790	$1,178,972
Total liabilities and net assets/fund balances	$3,707,394	$3,908,222
Total net assets or fund balances	$2,616,389	$2,225,286

	2000	2001
Reconciliation of Revenue per Audited Financial Statements With Revenue per Return
Total revenue	$4,620,488	$4,817,164
Total revenue, gains, and other support per audited financial statements	$4,518,371	$5,074,117
Other expenses	$158,320	$256,953
Net unrealized gains on investments	$0	$0
Donated services and use of facilities	$0	$0
Recoveries of prior year grants	$0	$0
Other	$158,320	$256,953
Other revenue	$260,437	$0
Investment expenses	$0	$0
Other	$260,437	$0

	2000	2001
Reconciliation of Expenses per Audited Financial Statements With Expenses per Return
Total expenses	$4,482,858	$5,163,713
Total expenses and losses per audited financial statements	$4,727,463	$5,426,615
Other revenue	$244,605	$262,902
Donated services and use of facilities	$0	$0
Prior year adjustments	$0	$0
Losses	$0	$44,554
Other	$244,605	$218,348
Other expenses	$0	$0
Investment expenses	$0	$0
Other	$0	$0

Current Officers, Directors, Trustees, and Key Employees

Total number of officers, directors, and trustees permitted to vote on organization business at board meetings	0
Are any officers, directors, trustees, or key employees listed in Form 990, Part V-A, or highest compensated employees listed in Schedule A, Part I, or highest compensated professional and other independent contractors listed in Schedule A, Part II-A or II-B, related to each other through family or business relationships?
Do any officers, directors, trustees, or key employees listed in Form 990, Part V-A, or highest compensated employees listed in Schedule A, Part I, or highest compensated professional and other independent contractors listed in Schedule A, Part II-A or II-B, receive compensation from any other organizations, whether tax exempt or taxable, that are related to the organization?
Does the organization have a written conflict of interest policy?

Other Information
Did the organization have unrelated business gross income of $1,000 or more during the year covered by this return, and has it filed a tax return on Form 990-T for this year?	No
Was there a liquidation, dissolution, termination, or substantial contraction during the year?	No
Is the organization related (other than by association with a statewide or nationwide organization) through common membership, governing bodies, trustees, officers, etc., to any other exempt or nonexempt organization?	No
Direct and indirect political expenditures	$0
Did the organization file Form 1120-POL for this year?	No
Were substantially all dues nondeductible by members?
Did the organization make only in-house lobbying expenditures of $2,000 or less?
Dues, assessments, and similar amounts from members	$0
Section 162(e) lobbying and political expenditures	$0
Aggregate nondeductible amount of section 6033(e)(1)(A) dues notices	$0
Taxable amount of lobbying and political expenditures	$0
Does the organization elect to pay the section 6033(e) tax on the amount above?
If section 6033(e)(1)(A) dues notices were sent, does the organization agree to add the amount above to its reasonable estimate of dues allocable to nondeductible lobbying and political expenditures for the following tax year?
Initiation fees and capital contributions	$0
Gross receipts for public use of club facilities	$0
At any time during the year, did the organization, directly or indirectly, own a controlled entity within the meaning of section 512(b)(13)?
Amount of tax imposed on the organization during the year under: section 4911	$0
Amount of tax imposed on the organization during the year under: section 4912	$0
Amount of tax imposed on the organization during the year under: section 4955	$0
Did the organization engage in any section 4958 excess benefit transaction during the year or did it become aware of an excess benefit transaction from a prior year?	No
Amount of tax imposed on the organization managers or disqualified persons during the year under sections 4912, 4955, and 4958	$0
Amount of tax above, reimbursed by the organization	$0
At any time during the tax year, was the organization a party to a prohibited tax shelter transaction?
Did the organization acquire a direct or indirect interest in any applicable insurance contract?
Did the supporting organization, or a fund maintained by a sponsoring organization, have excess business holdings at any time during the year?
Number of employees employed in the pay period that includes March 12, 2006	86

	Unrelated business income		Excluded by section 512, 513, or 514		Related or exempt function income
Analysis of Income-Producing Activities (for 2001)
	Business code	Amount	Exclusion code	Amount	Related or exempt function income
Total		$0		$196,049	$4,565,840
Program service revenue
Program service revenue 1	000000	$0	00	$0	$4,565,840
Program service revenue 2	000000	$0	Section 501(c)(3) organization - Income from an activity carried on primarily for the convenience of the organization's members, students, patients, visitors, officers, or employees (hospital parking lot or museum cafeteria, for example) (section 513(a)(2))	$39,167	$0
Program service revenue 3	000000	$0	00	$0	$0
Program service revenue 4	000000	$0	00	$0	$0
Program service revenue 5	000000	$0	00	$0	$0
Medicare/Medicaid payments	000000	$0	00	$0	$0
Fees and contracts from government agencies	000000	$0	00	$0	$0
Membership dues and assessments	000000	$0	00	$0	$0
Interest on savings and temporary cash investments	000000	$0	00	$0	$0
Dividends and interest from securities	000000	$0	Dividends, interest, payments with respect to securities loans, annuities, income from notional principal contracts, loan commitment fees, and other substantially similar income from ordinary and routine investments excluded by section 512(b)(1)	$23,119	$0
Net rental income or (loss) from real estate
debt-financed property	000000	$0	00	$0	$0
not debt-financed property	000000	$0	Real property rental income that does not depend on the income or profits derived by the person leasing the property and is excluded by section 512(b)(3)	$67,707	$0
Net rental income or (loss) from personal property	000000	$0	00	$0	$0
Other investment income	000000	$0	00	$0	$0
Gain or (loss) from sales of assets other than inventory	000000	$0	Gain (or loss, to the extent allowed) from the sale of investments and other non-inventory property and from certain property acquired from financial institutions that are in conservatorship or receivership (sections 512(b)(5) and 512(b)(16)(A))	$-54,981	$0
Net income or (loss) from special events	000000	$0	00	$0	$0
Gross profit or (loss) from sales of inventory	000000	$0	Section 501(c)(3) organization - Income from an activity carried on primarily for the convenience of the organization's members, students, patients, visitors, officers, or employees (hospital parking lot or museum cafeteria, for example) (section 513(a)(2))	$121,037	$0
Other revenue	000000	$0	00	$0	$0

EIN of corporation, partnership, or disregarded entity	Percentage of ownership interest	Total income	End-of-year assets
Information Regarding Taxable Subsidiaries and Disregarded Entities (for 2001)
	0%	$0	$0
	0%	$0	$0
	0%	$0	$0
	0%	$0	$0

Compensation	Contributions to employee benefit plans & deferred compensation	Expense account and other allowances
Compensation of the Five Highest Paid Employees Other Than Officers, Directors, and Trustees (for 2001)
$59,251	$0	$0
$58,283	$0	$0
$60,795	$0	$0
$58,145	$0	$0
$58,670	$0	$0

Total number of other employees paid over $50,000	0

Total number of other employees paid over $50,000

Statements About Activities (for 2001)
Expenses paid or incurred in connection with the lobbying activities	$0
Did the organization receive or hold an easement for conservation purposes, including easements to preserve open space, the environment, historic land areas or historic structures?
Did the organization provide credit counseling, debt management, credit repair, or debt negotiation services?
Did the organization maintain any donor advised funds?
Did the organization make any taxable distributions under section 4966?
Did the organization make a distribution to a donor, donor advisor, or related person?
The total number of donor advised funds owned at the end of the tax year
The aggregate value of assets held in all donor advised funds owned at the end of the tax year
The total number of separate funds or accounts owned at the end of the tax year (excluding donor advised funds included above) where donors have the right to provide advice on the distribution or investment of amounts in such funds or accounts
The aggregate value of assets held in all funds or accounts included above at the end of the tax year

Reason for Non-Private Foundation Status
The organization is not a private foundation because it is	School

	1999	2000
Support Schedule
Total	$0	$0
Gifts, grants, and contributions received	$0	$0
Membership fees received	$0	$0
Gross receipts from admissions, merchandise sold or services performed, or furnishing of facilities in any activity that is related to the organization's charitable, etc., purpose	$0	$0
Gross income from interest, dividends, amounts received from payments on securities loans (section 512(a)(5)), rents, royalties, and unrelated business taxable income (less section 511 taxes) from businesses acquired by the organization after June 30, 1975	$0	$0
Net income from unrelated business activities not included above	$0	$0
Tax revenues levied for the organization's benefit and either paid to it or expended on its behalf	$0	$0
The value of services or facilities furnished to the organization by a governmental unit without charge. Do not include the value of services or facilities generally furnished to the public without charge	$0	$0
Other income	$0	$0

Lobbying Expenditures by Electing Public Charities (for 2001)
Total exempt purpose expenditures	$0
Total lobbying expenditures	$0
Total lobbying expenditures to influence public opinion (grassroots lobbying)	$0
Total lobbying expenditures to influence a legislative body (direct lobbying)	$0
Other exempt purpose expenditures	$0
Lobbying nontaxable amount	$0
Grassroots nontaxable amount	$0

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Id	Name	Address	State	Established	Total Income
Organizations performing similar types of work
1	Dunwoody College Of Technology	818 Dunwoody Blvd, Minneapolis, MN 55403-1141	MN	1937-04	$39,034,333
2	Nei College Of Technology, Attn Terry L Ocel	818 Dunwoody Blvd, Minneapolis, MN 55403-1141	MN	1950-05	$4,817,164
3	North American University, North American College	3203 N Sam Houston Pkwy W, Houston, TX 77038-1221	TX	2007-08	$10,073,387
4	Savannah School Of Massage Therapy Training Inc	PO BOX 30873, Savannah, GA 31410-0873	GA	2007-09	$451,466
5	Central Minnesota Area Sheet Metal Jatc 1903	1903 4th St N 112, Saint Cloud, MN 56303-3803	MN	2006-09	$162,568
6	Visionary Media Group Inc	541 Avenue Of The Americas, New York, NY 10011-2026	NY	2008-06	$99,016
7	Career Academy Of Texas	925 Minters Chapel Rd, Grapevine, TX 76051-4134	TX	2006-11	$32,850
8	National Legal Studies Institute	13800 Heacock St Ste D141, Moreno Valley, CA 92553-6262	CA	2004-04	$10,000
9	Institute Of Electrical And Electronics Engineers, (Ieee)Etakappanuassoc-Deltalambdachapter	Pobox 90291, Durham, NC 27708	NC	2004-03	$650
10	The Benjamins Foundation Inc	84 Henry St, Stamford, CT 06902-6811	CT	2000-09	$500
11	Alternative Beauty College	718 Benvenue Dr, St Louis, MO 63137-4300	MO	2007-10	$0
12	Brazoria Economic Development Corp Dba Impact Learning Center	4688 Fm 521, Brazoria, TX 77422	TX	2007-03	$0
13	Broadcast Quality Media Company Inc	3199 Nottaway Ct, Atlanta, GA 30341-4518	GA	2006-09	$0
14	Columbia School Linguistic Society Inc	99 Chestnut Hill Ave Apt 218, Brighton, MA 02135	MA	2000-04	$0
15	Core Skills Learning Skills Inc	13906 Fiji Way Apt 147, Marina Dl Rey, CA 90292-6930	CA	2008-01	$0
16	Eta Kapp Nu Association Mississippi State University	Box 9571 Ece, Miss State, MS 39762	MS	2004-03	$0
17	Eta Kappa Association Arizona State University	551 E Tyler Mall Room 552, Tempe, AZ 85287	AZ	2004-03	$0
18	Eta Kappa Nu Association	200 Union Street Ece/Csci Room 2-230, Minneapolis, MN 55455	MN	2004-03	$0
19	Eta Kappa Nu Association	301 Sparkman Drive, Huntsville, AL 35899	AL	2004-03	$0
20	Eta Kappa Nu Association, Iota Omicron Chapter	St Cloud State U, St Cloud, MN 56301	MN	2004-03	$0

Number of organizations performing similar types of work

Alabama	6
Arkansas	1
Arizona	6
California	24
Colorado	5
Connecticut	5
District of Columbia	3
Delaware	1
Florida	8
Georgia	3
Hawaii	1
Iowa	2
Idaho	1
Illinois	10
Indiana	7
Kansas	3
Kentucky	2
Louisiana	5
Massachusetts	11
Maryland	4
Maine	1
Michigan	10
Minnesota	5
Missouri	7
Mississippi	2

Montana	2
North Carolina	3
North Dakota	2
Nebraska	1
New Jersey	8
New Mexico	2
Nevada	1
New York	22
Ohio	9
Oklahoma	3
Oregon	3
Pennsylvania	15
Rhode Island	1
South Carolina	2
South Dakota	2
Tennessee	4
Texas	18
Utah	3
Virginia	5
Vermont	1
Washington	2
Wisconsin	6
West Virginia	2
International	1

Total

251

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