YOUARE THEREASON

2020 FISCAL YEARFOUNDATIONANNUAL REPORT

A member of Minnesota State

Dear Friends of the Foundation,

Jason AldersBoard President

Jamie BarthelExecutive Director

Dr. Kent HansonPresident

The year 2020 is hard to describe. A few expressions that come to mind might be unforgettable, complex, surreal, or perhaps turbulent. We experienced a pandemic that most in our generation have not before witnessed. The novel coronavirus changed our lives. Businesses closed and human interaction was limited. We changed the way we worked, shopped, received services, and got an education.

Students at Anoka Tech remain resilient and determined to complete their education. The college was intentional in doing its part to mitigate the spread of COVID-19. The Public Safety and Security Department along with college leadership established campus-wide health protocols, faculty modified classroom space for social distancing, and staff and students adjusted to remote learning, working and delivering services. The Information Technology department worked diligently to support everyone in this new way of life. The college is grateful for receiving funding through the federal CARES Act that helped offset expenses due to COVID-19. CARES funding was also available to students. Despite a tumble in enrollment, our goal is to achieve a long-term sustainable budget for the college that will drive its mission. We remain committed to our students by providing them with resources such as scholarships, crisis grants, technology tools, food support, and other services to keep them on track in their education. Anoka Tech serves over 2,500 students, including 26 percent students of color and other underrepresented populations.

We are thankful to the commitment, passion, and generosity of our donors that helped us meet the needs that surfaced in our students lives. We deeply appreciate your confidence in Anoka Technical College during the highs and lows of this year. As we navigate uncertainties in the upcoming year, we remain committed to providing quality education for our students.

We truly believe that once we get through all of this, we will be stronger than ever together.

Please stay safe and be well.

Thank you,

Anoka Technical College Foundation

STRONGERTOGETHER

Foundation Board of Directors 2019-2020Jason AldersBoard President

Karen SkepperVice President

Michael SchollTreasurer

Eric BassDennis Carter

Elizabeth ChristensenJulie Hogie

Steve HorstmannBill Kingston

Brian KovarJessica Lacher

Amanda OthoudtBrian Peek

Bruce SaylerClint Schneider

Steve SwainTara Thurs

Duane VandenbergheJoan Wood

Lee Zachman

2020 Fiscal Year in numbersJuly 1, 2019- June 30, 2020

Fina

ncia

l Rev

iew Public Support and Revenues

Public SupportContributions and private grants $177,329In-kind contributions $584,408

Total Public Support $761,737Revenues

Special event Gross $4,500Less direct costs ($1,953)

Investment income, net $31,352Total Revenues $33,899

Total Public Support and Revenues $795,636 Fiscal Year 2019 Total Public Support and Revenues $1,090,288

ExpensesProgram Expenses

Scholarship and grants $963,629Supporting Services

Management and general $110,581Fundraising $51,738

Total Supporting Services $162,319Total Expenses $1,125,948Change in Net Assets ($330,312)

Net AssetsBeginning of year $2,010,118End of year $1,679,806

Bala

nce

Shee

t AssetsCurrent Assets

Cash and cash equivalents $986,160Current portion of contribution receivable $44,000

Total Current Assets $1,030,160Equipment, net 45,555Other Assets

Investments, at fair value $727,059Contributions receivable, less current portion $27,532

Total Other Assets $754,591Total Assets $1,830,306

Liabilities and Net AssetsCurrent Liabilities

Scholarships payable $70,500Accrued Liabilities $25,000

Total Current Liabilities $95,500Forgivable Debt $55,000

Total Liabilities $150,500Net Assets

Without Donor Restrictions $137,856With Donor Restrictions $1,541,950

Total Net Assets $1,679,806Total Liabilities and Net Assets $1,830,306Full financial statements available at anokatechfoundation.org

144 SCHOLARSHIPS

AWARDED

$10,290AWARDED IN

CRISIS GRANTS

20,000POUNDS OF

FOOD SUPPORTDISTRIBUTED

$176,500IN SCHOLARSHIP

SUPPORT

2,533STUDENTS

ENROLLED

TOP FIVE CITIES OF

F O R S T U D E N T SRESIDENCE

COON RAPIDSANDOVERBLAINERAMSEYBROOKLYN PARK

20% 20%

TOP PROGRAMSCONSTRUCTION ELECTRICIANINFORMATION TECHNOLOGYPRACTICAL NURSINGWELDINGSTERILE PROCESSING/SURGICAL TECHNICIAN

COLLEGE STUDENTS

F I R S T GENERATION

MOST COMMON GIFT AMOUNT

DONOR SUPPORT

$1,000

May R. PetersonFrank PlacheckiScott PrimeauProduction Engineering Corp.Elaine RainersonRasmussen - Northeast Bank FoundationTom ReidRMS CompanyMatthew RogersJean RohrerDorothy RosenwinkelMark RosenwinkelPamela RussellLisa SailorGeorgina SampsonJody SandbergJackie SanduskyJennifer SatiBrian SchelkophLena ScheweJane SchleusnerRita M. SchutzSchwing AmericaGerald ShowalterGlory Sirri Bi CheLisa Ann SmithVincent SogbeyRichard SpielmanGary D. StillwellGary Lee StollSweeter InsuranceTab and Slot, LLCTamara ThellMike TielemanTri River RoddersDaniel TruchonPeeranut VisetsuthVista Outdoor Sales, LLCWendy WalentinyStacey WanovichBonnie WarrenChristina WilsonWilson Tool InternationalSharon WolfgramWorldwide Litigation ServicesLee Zachman

Aggressive Hydraulics, Inc.Deborah AllenAllina Health SystemAmerican Welding Society, NW SectionAnderson DahlenAnoka Lions ClubArconic FoundationChuck and Judy BabcockJohn BabcockRobert M. BakerJamie BarthelEric BassJames BauerVicki BaumgartnerBenchmark Reporting AgencyBG AutomotiveKimberly BienfangCathy BishopElaina BleifieldJay E. BoyleSusan BrettschneiderGlen BrownBurnett Medical CenterLeslie CarverCass Precision Machining, Inc.Chandler Industries, Inc.Lori ClemensonGordon CollinConnexus EnergyConnexus Energy FoundationCoon Rapids Lions Foundation, Inc.Cretex Companies, Inc.CRSI FoundationDarla CullenShelly Lynn DockhamRebecca DriscollShane EckmanKay ElmquistMark EthenMary L. FalkElena FavelaRobert F. FosterKathleen A. GaligerMike GamacheJay GerdinTravis GiengerKathleen GitzenLisa Glendower

Rich GodeenAlan GorackeGraco FoundationAndrea Gruber-AlfernessShawn HafenKent HansonHDE Technologies, Inc.Tracy HoffmanJulie HogieDave HolmquistAngela HomanLisa HubbardSean P. JohnsTimothy KnutsonKopp Family FoundationBrian KovarLynne KrenzKurt ManufacturingDavid LarsonLeadMNKelly LeVoirKevin G. LindstromLisi Medical RemmeleDeborah LongleyNoel LutseyMain MotorsMAPE Local 1301Mary T., Inc.Mate Precision ToolingMercy Hospital Surgery Dept.Milow Electric, Inc.The Minneapolis FoundationPamela K. MogensenMichael MontgomeryJulie MyersTera NaslundJay NelsonNortheast BankNorthland Reporting Agency, Inc.nVentJesse OldenburgDiana Gander OstranderLina PaffelAnthony PalumboBrendon PaulsonBrady PetersonBrent A. PetersonLarry D. PetersonMA

KING

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BECA

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STAY CONNECTEDAnokatechfoundation.orgLinkedIn @anoka-tech-foundationFacebook @AnokaTechnicalCollegeFoundation1355 West Highway 10 | Anoka, MN 55303

Supporting students through a legacy of giving is easier than ever before. Contact Pamela Russell, Development Director, pamela.russell@anokatech.edu or 763-576-4015,to start making a difference today.

We thank the following donors for their generosity and support between July 1, 2019-June 30, 2020.

FISCAL YEAR 2019-2020 DONORS

A GREAT PLACE TO LEAVE A LEGACY