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 foundation@dctc.edu 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

DCTC is a member of the Minnesota State Colleges and Universities System and an affirmative action, equal opportunity educator/employer.

W W W . D C T C . E D U / F O U N D A T I O N