2 0 1 2 – 2 0 1 3 A N N U A L R E P O R T
D A K O T A 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 D A T 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.
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. LeopoldExecutive Director of Foundation & Alumni
L E T T E R F R O M
T H E E X E C U T I V E D I R E C TO R
CHAIRGreg Miller | President & CEO, Dakota Electric Association
VICE CHAIRLarry Severson | In-House Counsel, Twin Cities Power Holdings
TREASURERAl Eiden | Community Member
DIRECTORSTolu Adeleye | Director of Strategy, Thomson ReutersAnn Byre | Pharmacy Director, Allina HealthAmy Diede, M.D. | Family Medicine, Apple Valley Medical CenterBob Erickson | Senior Development Associate, Welsh CompaniesNorman Oberto | President, Imperial Plastics, Inc.Dale Olson | Vice President of Finance, Smead ManufacturingClint Schult | Head of Distributor Development, Maximum PotentialKerry Sutherland | Senior General Manager, Life Time FitnessTony Werner | Chief Technology Officer, Comcast/NBC UniversalTim Wise | Vice President of Product Support, Ziegler, Inc.
EX OFFICIORonald E. Thomas, Ph.D. | President, DCTC (retired June 30, 2013)Tharan Leopold | Executive Director of Foundation & Alumni, DCTC
ADJUNCT MEMBERSAndy Chernisky | Student Senate President, DCTCErin Edlund | Director of Institutional Advancement, DCTCTodd Jagerson | Board Staff Representative; Chief Information Officer, DCTCSara Woodward | Board Faculty Representative; Exercise & Sport Science Instructor, DCTC
B O A R D O F D I R E C T O R S
F Y 2 0 1 2 – 2 0 1 3
“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 SauceRecipient of Supervisory Management Scholarship
A L U M N I T E S T I M O N I A L
R U S S A R M B R U S T E R
ASSETS
Cash & cash equivalents. . . . . . . . . . . . . . . . . . . . 861,381
Investments . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 1,010,806
Beneficial interest in assets held by others. . . 1,562,628
TOTAL ASSETS . . . . . . . . . . . . . . . . . . . . . $3,434,815
LIABILITIES
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
F I N A N C I A L S U M M A R Y
F Y 2 0 1 2 – 2 0 1 3
EXPENDITURES
TOTAL EXPENDITURES
$528,390
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.
T R U E B L U E G A L A
R E C O G N I T I O N S
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 Steve Rasmussen
Rising Star Alejandro De La Mora
Spirit of DCTC Patrick Lair
DCTC Advocacy SKB Environmental
Oustanding Instructor Mitch Kohanek
Please join us for the third annual True Blue Gala on Thursday, April 24, 2014 at Brackett’s Crossing in Lakeville, Minn.
“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 AlumnaRecipient of Peggy Rasmussen King endowed scholarship
A L U M N I T E S T I M O N I A L
G U A D A L U P E F I G U E R O A
Abdallah Chocolate Shoppe
Steve Addy
Tolu Adeleye
Travis Ahlquist
Al Baker’s
Ken Aller
American Engineering Testing
Raymond “Butch” Ames
Ames Construction
Anchor Bank - Apple Valley
Lea and Alan Anderson
Apple Valley Building Associates
Apple Valley Medical Center
Arlan A. Schoenberg Foundation
Barnes and Noble
Stacey Bartelson
Bay & Bay Transfer Company
Beau Monde Salon
Jill Behnke
Mary Belanger
Best Buy — Apple Valley
Bierstube — Hastings
Nathan Blommel
Blue Bell Enterprises
Bogart’s Place
Skip and Michelle Bolton
Lynda Boudreau
Dawn and Matt Braa
Roline Bravo
Bremer Bank
Carol Broback
Brunswick Zone XL — Lakeville
Buca di Beppo
Mike and Marcia Buck
Burnsville Center
Sheryl Buss
Busted Nut Bar and Grill
Patricia Butler
Ann and Cullen Byre
Rusty Callier
Jospeh Campbell
Canadian National Railroad
Cannon Equipment
Canterbury Park Holding Corporation
Kathy Carlson
Lori Carlson
Dora Carr
Cascade Bay Water Park
Castle Rock Bank
Caterpillar Foundation
Denise Chambers
Dennis Chambers
Wesley Chambers
Chanhassen Dinner Theatres
Barbara Charles
Dan Chesky
John Christiansen
Chrysler Academy
CHS Foundation
CHS, Inc.
Citizen’s Bank
City of Eagan
Senator Greg Clausen
Jakki Cole
Cole’s Salon — Burnsville
Comcast | NBCUniversal
Jeffrey Copeland
Cornerstone Copy Center
Cracker Barrel — Lakeville
Crow Wing Power
Cub Foods — Rosemount
Cummins Npower
Eric Curry
Dakota Electric Association
DCTC Accounting Department
DCTC Dental Assisting Department
DCTC Insitutional Advancement Dept.
DCTC Operations Department
DCTC Student Life Department
Jason Dean
Paul DeMuth
Scott Determan
Donald Deutsch
Amy and Troy Diede
Joseph Dolan
Doolittles Woodfire Grill
Geri Dotzler
Bruce Dreon
Bill Droste
Dunn Brothers Coffee — Farmington
East Central Energy
Erin and Jeff Edlund
Joe Eells
Ronald Eibensteiner
Al Eiden
Bill Eilers
El Loro Mexican Restaurant — Eagan
Thomas Eland
Elko Speedway
Bob Engberg
Amy Eppen
Darryl Erickson
Bob Erickson
Amy Evanson
F ML Weyerhaeuser Foundation
Fairview Health Services
Anne Farniok
Greta and Cory Fennell
James and Jane Ferris
Fireside Bar and Restaurant
First State Bank of Rosemount
Flint Hills
Fogo De Chao Brazilian Steakhouse
Michael and Sandra Foley
Diane Frandrup
Fraternal Order of Eagles — Farmington
Karen Gamble
Gregory Garman
Roger Gartner
James and Julie Gasper
Ron and Kathleen Gates
Miliite Gebremichael
Kimberlee and Vern Gelhar
Gordon Gibis
Julia Glenn
Scott and Tiffani Glime
Peggy Graham
Grand Casino Mille Lacs
Mark Grant
Graphic Design, Inc.
Great River Energy
Laurie Greeninger
Ronald Gruenes
Scott and Lori Gunderson
Guthrie Theater
Christian Haan
Alan Hancock
Bruce and Rowie Hansberger
Nathan Hansen
Anne Hanson
Mark Hanson
Rich Hawkins
Chris and Ginny Hayes
Steve Helmueller
Brian Henrickson
Mark Hickman
Bob and Julie Hicks
Hilton Minneapolis
Houlihan’s
Kathy and Mark Huus
J.D. Hoyt’s
Jackpot Junction Casino Hotel
Mark Jacobs
Janet Jacobson
Todd and Joan Jagerson
Jake’s City Grille — Eagan
Jeff Belzer’s
Bobby Jensen
Susan Johanson
Marsha Johnson
Peggy Johnson
Renee and Cory Johnson
Deanna Jokinen
Serena Jones
Wes Jorde
Kare 11 Television
Karl’s Neighborhood Bread Shop
Elizabeth Kautz
Ken Klassen
Jeff Kleinboehl
Charlotte Kodner
Mitch and Gretchen Kohanek
Brett and Sue Kolles
Kopp Family Foundation
Betty Krueger
Patricia and David Kujala
Loreena Lair
Patrick and Mary Lair
Lake Country Power Electric Trust
Connie Larson
Gayle Larson
Mike Lavin
Rosealee Lee
Tharan Leopold and Ruth Lillquist
Dick and Kathy Lewis
Lone Oak Grill
C O N T R I B U T O R S
F Y 2 0 1 2 – 2 0 1 3
Georgin Lorencz
Janet Lorenzen
Karianne and Kevin Loula
Kerry Lurken
Mall of America
Manders Diesel Repair
Marcus Theaters
Gwendolyn Martin
Mary Martin
Melanie Mauren
Greg McCalley
Tim McCluskey
McDonald Eye Care
Laura and Kevin McGlauchlen
Ron McKeever
Katherine McMenomy
Lynda McPherson
Patrick and Billie McQuillan
Merchants Bank — Rosemount
Nicole and Ryan Meulemans
Military Order of the Purple Heart
Greg Miller
Marlo and Joe Miller
Margaret Milne
Minnesota Commercial Railway
Minnesota Landscape Arboretum
Minnesota Renaissance Festival
Minnesota Rural Electric Association
Minnesota Valley Electric Trust
Maggie Mortenson
MTEC Electric, Inc.
Murgic’s Automotive Inc.
Kelly Murtaugh
Patrice Nadeau
Deb Newberry
Brent Newville
Katherine Niebur
Margaret and Rob Noirjean
North Central PPFA Chapter
Norm and Lori Oberto
Dale Olson
Pete Onesirosan
Mike and Susan Opp
Pahl’s Market
Panera Bread
Paradise Car Wash
Ray Pascoe
Paul Eggen Insurance Agency
People’s Cooperative Services
Perry W. Ford Agency
John and Erica Peterson
Jaime Pieper
Christine and Bret Pigsley
Pine Bend Paving
Jay and Mary Louise Pivec
Ed Plaster
Porterhouse Steaks and Seafood
Gary and Tammy Raak
Larry Raddatz
Susan Raddatz
Gerry and Janet Rainford
Kristin Rasmussen
Steve Rasmussen
Judith Reese
Residence Inn MSP Eagan/Airport
RGS Mill Products
Rick Bronson’s House of Comedy
Richard Rislove
Roasted Pear
Cori Robinson
Jennifer Robinson-West
Rocco Altobelli
Scott and Kathi Roelke
Claudia Rose
Rosemount Family Dentistry
Rotary Club of Rosemount
Dan Ruzicka
Sam’s Club — Eagan
Marie Saunders
Leaura Schendel
Dan Schmitt
Schmitty and Sons Transportation
Carrie Schneider
Schneiderman’s Furniture
Michael Schoen
Barbara Schuldt
Clint and Tammy Schult
Dora Schumacher
Karen Schumann
Dean Schwanke
Barb and Paul Seleski
Scott and Michelle Selig
Larry and Kathy Severson
Chad and Denise Sheets
John Sherman
Nancy Shoemake
Shout House
Jeff and Sara Siltala-Choban
SKB Environmental
Peter Skoro
Kathy Slipka
Smashburger - Eagan
Smead Manufacturing
Snap On Tools
Southern Cruzers Car Club
Donald Spano
Kristine Squillace-Stenlund
St. Paul Saints
Star Foundation
State Farm Companies Foundation
Carrie Statz
Steak America - Burnsville
Stearns Electric
Dennis Steele
Steele-Waseca Cooperative Electric
Lyle Stelter
Stephano’s Italian Cuisine
Sterling Bank
Danny Stinnett
Jessica Stoeckman
Cam Stoltz
Bradd Strelow
Judy Suddendorf
Diana and Stephen Sullivan
Summit Brewing Company
Kerry and Laura Sutherland
Anne Swanberg
Jodie Swearingen
T & K Restaurant Franchise Group
Darrell Tangen
Natalie Tente
Terra Garden Center
The Depot Bar and Grill
The Old Log Theater
The Pepsi Bottling Company
The Richard J. Fasenmyer Foundation
Ron and Ann Thomas
Senator David and Rhonda Thompson
Thomson Reuters
Three Rivers Park District
Harold and Liliana Torrence
Trader Joes
Transportation Supplies, Inc.
Travel Leaders - Apple Valley
Treasure Island Resort and Casino
TRIA Orthopedic Center
Stephen Trudeau
Twin Cities Power
U Look Like Me
John Ulschmid
Jim Unger
Universal Hospital Services
Valley Natural Foods
Anna Verhoye
Vermillion Repair
Anna Voight
Von Hanson’s Meats - Apple Valley
Bob Voss
Mark and Kathryn Weber
Lynne Weierke
Patricia Weigand
Welsh Companies
Glenn Williamson
Joyce Wilson
Tim Wise
Wise Swim School
John Wollersheim
Sara Woodward
Xcel Energy
YMCA of the Greater Twin Cities
Ziegler CAT
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 [email protected] if an oversight has occured.
C O N T R I B U T O R S ( CONT I NUED )
F Y 2 0 1 2 – 2 0 1 3