2012–2013 annual report - Dakota County Technical College

2012–2013 ANNUAL REPORT
DA KOTA C O U N T Y T E C H N I C A L C O L L E G E F O U N DAT I O N
Established in 1983 as a 501(c)(3) nonprofit organization, the
DCTC Foundation functions as an avenue for gifts and grants
that benefit the college and our students.
By providing resources to students, the college and our
programs, the Foundation upholds the DCTC mission, which is
Education for Employment.
LETTER FROM
T H E E X E C U T I V E D I R E C TO R
Dear Friends & Alumni,
It is my pleasure to share the 2012–2013 DCTC Foundation
Annual Report. Each year the Foundation works diligently
in securing financial contributions and in-kind donations
to support scholarships, emergency grants and equipment
needs of the college.
I hear inspiring stories everyday of students working two
jobs, raising a family and studying hard to achieve their
dreams. Faculty and staff members tell me about students in crisis because their car
broke down, they lost their job or their family is being evicted.
“I would like to say thank you for the emergency grant I received. It was very much needed
and I greatly appreciate it. It is nice to know there are still generous people in the world.”
­—Robin B., DCTC student
On behalf of the DCTC Foundation Board of Directors, thank you for the support and
generosity you have demonstrated in changing the lives of DCTC students. As always,
we promise to be good stewards of the resources you have entrusted with us.
With deepest gratitude,
Tharan W. Leopold
Executive Director of Foundation & Alumni
B OA R D O F D I R EC TO R S
FY 2012–2013
CHAIR
Greg Miller | President & CEO, Dakota Electric Association
VICE CHAIR
Larry Severson | In-House Counsel, Twin Cities Power Holdings
TREASURER
Al Eiden | Community Member
DIRECTORS
Tolu Adeleye | Director of Strategy, Thomson Reuters
Ann Byre | Pharmacy Director, Allina Health
Amy Diede, M.D. | Family Medicine, Apple Valley Medical Center
Bob Erickson | Senior Development Associate, Welsh Companies
Norman Oberto | President, Imperial Plastics, Inc.
Dale Olson | Vice President of Finance, Smead Manufacturing
Clint Schult | Head of Distributor Development, Maximum Potential
Kerry Sutherland | Senior General Manager, Life Time Fitness
Tony Werner | Chief Technology Officer, Comcast/NBC Universal
Tim Wise | Vice President of Product Support, Ziegler, Inc.
EX OFFICIO
Ronald E. Thomas, Ph.D. | President, DCTC (retired June 30, 2013)
Tharan Leopold | Executive Director of Foundation & Alumni, DCTC
ADJUNCT MEMBERS
Andy Chernisky | Student Senate President, DCTC
Erin Edlund | Director of Institutional Advancement, DCTC
Todd Jagerson | Board Staff Representative; Chief Information Officer, DCTC
Sara Woodward | Board Faculty Representative;
Exercise & Sport Science Instructor, DCTC
ALUMNI TESTIMONIAL
RUSS ARMBRUSTER
“
I have always had a passion for cooking
and a desire to start my own business,
but I had a lot to learn. DCTC is the best
thing that happened to me. Without the
entrepreneurship program, I would not
be where I am today.”
Russ Armbruster
Entrepreneurship Alumnus
Founder of Krusty’z Railroad BBQ Sauce
Recipient of Supervisory Management Scholarship
FINANCIAL SUMMARY
FY 2012–2013
ASSETS
EXPENDITURES
Cash & cash equivalents . . . . . . . . . . . . . . . . . . . . 861,381
Investments . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 1,010,806
Beneficial interest in assets held by others . . 1,562,628
TOTAL ASSETS . . . . . . . . . . . . . . . . . . . . . $3,434,815
TOTAL EXPENDITURES
LIABILITIES
$528,390
Deferred revenue . . . . . . . . . . . . . . . . . . . . . . . . . . 22,500
TOTAL LIABILITIES . . . . . . . . . . . . . . . . . . . . $22,500
NET ASSETS
Unrestricted . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 154,222
Temporarily restricted . . . . . . . . . . . . . . . . . . . 1,642,465
Permanently restricted . . . . . . . . . . . . . . . . . . . 1,615,628
TOTAL NET ASSETS . . . . . . . . . . . . . . . . . $3,412,315
TOTAL LIABILITIES & NET ASSETS . . . . . $3,434,815
87.8%
SCHOLARSHIPS & GRANTS
11.2%
GENERAL & ADMINISTRATIVE
0.6%
MISCELLANEOUS
0.4%
EQUIPMENT
The Dakota County Technical College Foundation is a 501(c)(3) nonprofit organization. Gifts are tax-deductible to the extent allowed by law. The DCTC Foundation
does not share or sell our donor contact information. The DCTC Foundation’s audited financial statements are avaiable at www.dctc.edu/foundation-audit.
TRUE BLUE GALA
RECOGNITIONS
The True Blue Gala, hosted by the DCTC Foundation, supports
student scholarships and honors those who have advanced the
college mission.
The following individuals and companies were recognized at the
second annual True Blue Gala for their commitment to DCTC:
Outstanding Alumni
DCTC Advocacy
Steve Rasmussen
SKB Environmental
Rising Star
Oustanding Instructor
Alejandro De La Mora
Mitch Kohanek
Spirit of DCTC
Patrick Lair
Please join us for the third annual True Blue Gala on Thursday,
April 24, 2014 at Brackett’s Crossing in Lakeville, Minn.
ALUMNI TESTIMONIAL
GUADALUPE FIGUEROA
“
I started at DCTC during the summer with
15 credits and all passing grades. Then my
financial situation changed. I had to work
more and my grades declined. The scholarship
from DCTC has allowed me to dedicate time
to my classes. I already had the capability
to be 100 percent and I am again.”
Guadalupe Figueroa
Early Childhood & Youth Development Alumna
Recipient of Peggy Rasmussen King endowed scholarship
CO N T R I B U TO R S
FY 2012–2013
Abdallah Chocolate Shoppe
Brunswick Zone XL — Lakeville
Senator Greg Clausen
Ronald Eibensteiner
Julia Glenn
Jake’s City Grille — Eagan
Steve Addy
Buca di Beppo
Jakki Cole
Al Eiden
Scott and Tiffani Glime
Jeff Belzer’s
Tolu Adeleye
Mike and Marcia Buck
Cole’s Salon — Burnsville
Bill Eilers
Peggy Graham
Bobby Jensen
Travis Ahlquist
Burnsville Center
Comcast | NBCUniversal
El Loro Mexican Restaurant — Eagan
Grand Casino Mille Lacs
Susan Johanson
Al Baker’s
Sheryl Buss
Jeffrey Copeland
Thomas Eland
Mark Grant
Marsha Johnson
Ken Aller
Busted Nut Bar and Grill
Cornerstone Copy Center
Elko Speedway
Graphic Design, Inc.
Peggy Johnson
American Engineering Testing
Patricia Butler
Cracker Barrel — Lakeville
Bob Engberg
Great River Energy
Renee and Cory Johnson
Raymond “Butch” Ames
Ann and Cullen Byre
Crow Wing Power
Amy Eppen
Laurie Greeninger
Deanna Jokinen
Ames Construction
Rusty Callier
Cub Foods — Rosemount
Darryl Erickson
Ronald Gruenes
Serena Jones
Anchor Bank - Apple Valley
Jospeh Campbell
Cummins Npower
Bob Erickson
Scott and Lori Gunderson
Wes Jorde
Lea and Alan Anderson
Canadian National Railroad
Eric Curry
Amy Evanson
Guthrie Theater
Kare 11 Television
Apple Valley Building Associates
Cannon Equipment
Dakota Electric Association
F ML Weyerhaeuser Foundation
Christian Haan
Karl’s Neighborhood Bread Shop
Apple Valley Medical Center
Canterbury Park Holding Corporation
DCTC Accounting Department
Fairview Health Services
Alan Hancock
Elizabeth Kautz
Arlan A. Schoenberg Foundation
Kathy Carlson
DCTC Dental Assisting Department
Anne Farniok
Bruce and Rowie Hansberger
Ken Klassen
Barnes and Noble
Lori Carlson
DCTC Insitutional Advancement Dept.
Greta and Cory Fennell
Nathan Hansen
Jeff Kleinboehl
Stacey Bartelson
Dora Carr
DCTC Operations Department
James and Jane Ferris
Anne Hanson
Charlotte Kodner
Bay & Bay Transfer Company
Cascade Bay Water Park
DCTC Student Life Department
Fireside Bar and Restaurant
Mark Hanson
Mitch and Gretchen Kohanek
Beau Monde Salon
Castle Rock Bank
Jason Dean
First State Bank of Rosemount
Rich Hawkins
Brett and Sue Kolles
Jill Behnke
Caterpillar Foundation
Paul DeMuth
Flint Hills
Chris and Ginny Hayes
Kopp Family Foundation
Mary Belanger
Denise Chambers
Scott Determan
Fogo De Chao Brazilian Steakhouse
Steve Helmueller
Betty Krueger
Best Buy — Apple Valley
Dennis Chambers
Donald Deutsch
Michael and Sandra Foley
Brian Henrickson
Patricia and David Kujala
Bierstube — Hastings
Wesley Chambers
Amy and Troy Diede
Diane Frandrup
Mark Hickman
Loreena Lair
Nathan Blommel
Chanhassen Dinner Theatres
Joseph Dolan
Fraternal Order of Eagles — Farmington
Bob and Julie Hicks
Patrick and Mary Lair
Blue Bell Enterprises
Barbara Charles
Doolittles Woodfire Grill
Karen Gamble
Hilton Minneapolis
Lake Country Power Electric Trust
Bogart’s Place
Dan Chesky
Geri Dotzler
Gregory Garman
Houlihan’s
Connie Larson
Skip and Michelle Bolton
John Christiansen
Bruce Dreon
Roger Gartner
Kathy and Mark Huus
Gayle Larson
Lynda Boudreau
Chrysler Academy
Bill Droste
James and Julie Gasper
J.D. Hoyt’s
Mike Lavin
Dawn and Matt Braa
CHS Foundation
Dunn Brothers Coffee — Farmington
Ron and Kathleen Gates
Jackpot Junction Casino Hotel
Rosealee Lee
Roline Bravo
CHS, Inc.
East Central Energy
Miliite Gebremichael
Mark Jacobs
Tharan Leopold and Ruth Lillquist
Bremer Bank
Citizen’s Bank
Erin and Jeff Edlund
Kimberlee and Vern Gelhar
Janet Jacobson
Dick and Kathy Lewis
Carol Broback
City of Eagan
Joe Eells
Gordon Gibis
Todd and Joan Jagerson
Lone Oak Grill
CO N T R I B U TO R S
(CONTINUED)
FY 2012–2013
Georgin Lorencz
Murgic’s Automotive Inc.
Steve Rasmussen
Chad and Denise Sheets
Jessica Stoeckman
TRIA Orthopedic Center
Janet Lorenzen
Kelly Murtaugh
Judith Reese
John Sherman
Cam Stoltz
Stephen Trudeau
Karianne and Kevin Loula
Patrice Nadeau
Residence Inn MSP Eagan/Airport
Nancy Shoemake
Bradd Strelow
Twin Cities Power
Kerry Lurken
Deb Newberry
RGS Mill Products
Shout House
Judy Suddendorf
U Look Like Me
Mall of America
Brent Newville
Rick Bronson’s House of Comedy
Jeff and Sara Siltala-Choban
Diana and Stephen Sullivan
John Ulschmid
Manders Diesel Repair
Katherine Niebur
Richard Rislove
SKB Environmental
Summit Brewing Company
Jim Unger
Marcus Theaters
Margaret and Rob Noirjean
Roasted Pear
Peter Skoro
Kerry and Laura Sutherland
Universal Hospital Services
Gwendolyn Martin
North Central PPFA Chapter
Cori Robinson
Kathy Slipka
Anne Swanberg
Valley Natural Foods
Mary Martin
Norm and Lori Oberto
Jennifer Robinson-West
Smashburger - Eagan
Jodie Swearingen
Anna Verhoye
Melanie Mauren
Dale Olson
Rocco Altobelli
Smead Manufacturing
T & K Restaurant Franchise Group
Vermillion Repair
Greg McCalley
Pete Onesirosan
Scott and Kathi Roelke
Snap On Tools
Darrell Tangen
Anna Voight
Tim McCluskey
Mike and Susan Opp
Claudia Rose
Southern Cruzers Car Club
Natalie Tente
Von Hanson’s Meats - Apple Valley
McDonald Eye Care
Pahl’s Market
Rosemount Family Dentistry
Donald Spano
Terra Garden Center
Bob Voss
Laura and Kevin McGlauchlen
Panera Bread
Rotary Club of Rosemount
Kristine Squillace-Stenlund
The Depot Bar and Grill
Mark and Kathryn Weber
Ron McKeever
Paradise Car Wash
Dan Ruzicka
St. Paul Saints
The Old Log Theater
Lynne Weierke
Katherine McMenomy
Ray Pascoe
Sam’s Club — Eagan
Star Foundation
The Pepsi Bottling Company
Patricia Weigand
Lynda McPherson
Paul Eggen Insurance Agency
Marie Saunders
State Farm Companies Foundation
The Richard J. Fasenmyer Foundation
Welsh Companies
Patrick and Billie McQuillan
People’s Cooperative Services
Leaura Schendel
Carrie Statz
Ron and Ann Thomas
Glenn Williamson
Merchants Bank — Rosemount
Perry W. Ford Agency
Dan Schmitt
Steak America - Burnsville
Senator David and Rhonda Thompson
Joyce Wilson
Nicole and Ryan Meulemans
John and Erica Peterson
Schmitty and Sons Transportation
Stearns Electric
Thomson Reuters
Tim Wise
Military Order of the Purple Heart
Jaime Pieper
Carrie Schneider
Dennis Steele
Three Rivers Park District
Wise Swim School
Greg Miller
Christine and Bret Pigsley
Schneiderman’s Furniture
Steele-Waseca Cooperative Electric
Harold and Liliana Torrence
John Wollersheim
Marlo and Joe Miller
Pine Bend Paving
Michael Schoen
Lyle Stelter
Trader Joes
Sara Woodward
Margaret Milne
Jay and Mary Louise Pivec
Barbara Schuldt
Stephano’s Italian Cuisine
Transportation Supplies, Inc.
Xcel Energy
Minnesota Commercial Railway
Ed Plaster
Clint and Tammy Schult
Sterling Bank
Travel Leaders - Apple Valley
YMCA of the Greater Twin Cities
Minnesota Landscape Arboretum
Porterhouse Steaks and Seafood
Dora Schumacher
Danny Stinnett
Treasure Island Resort and Casino
Ziegler CAT
Minnesota Renaissance Festival
Gary and Tammy Raak
Karen Schumann
Minnesota Rural Electric Association
Larry Raddatz
Dean Schwanke
Minnesota Valley Electric Trust
Susan Raddatz
Barb and Paul Seleski
Maggie Mortenson
Gerry and Janet Rainford
Scott and Michelle Selig
MTEC Electric, Inc.
Kristin Rasmussen
Larry and Kathy Severson
While great care has been taken to ensure a complete list of donors, the Foundation apologizes for any omission from the list.
Please contact the Foundation office at foundation@dctc.edu if an oversight has occured.
W W W. D C TC . E D U / F O U N DAT I O N
DCTC is a member of the Minnesota State Colleges and Universities System and an affirmative action, equal opportunity educator/employer.