DUNWOODY COLLEGE OF TECHNOLOGY

EIN: 410693856 501(c)(3) Education

MINNEAPOLIS, MN

Total Revenue
$54,776,139
Total Expenses
$42,540,415
Total Assets
$123,800,611
Net Assets
$115,390,697
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Financial Trends

Organization Details

Formation Year
1914
Legal Domicile
MN
Principal Officer
JEFF WILHELMI
Phone
6123745800
Tax Period
2023-07-01 to 2024-06-30

DUNWOODY COLLEGE OF TECHNOLOGY, founded in 1914, is a mid-sized nonprofit in the Education sector that reported $54.8M in total revenue in fiscal year 2023. Revenue decreased 20% compared to the prior year. The organization ran a surplus of $12.2M, a strong 22% operating margin.

Mission

DUNWOODY COLLEGE CHANGES LIVES BY BUILDING OPPORTUNITIES FOR GRADUATES TO HAVE SUCCESSFUL CAREERS, TO DEVELOP INTO LEADERS AND ENTREPRENEURS, AND TO ENGAGE IN "THE BETTER PERFORMANCE OF LIFE'S DUTIES." QUOTE IS FROM THE LAST WILL AND TESTAMENT OF WILLIAM HOOD DUNWOODY.

Program Service Accomplishments

Program 1
Expenses: $32,197,198 Revenue: $35,232,924

FOUNDED IN 1914, DUNWOODY COLLEGE OF TECHNOLOGY IS THE ONLY PRIVATE, NOT-FOR-PROFIT TECHNICAL COLLEGE IN THE UPPER MIDWEST. HAVING PROVIDED HANDS-ON, APPLIED TECHNICAL EDUCATION TO MORE THAN 250,000...

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FOUNDED IN 1914, DUNWOODY COLLEGE OF TECHNOLOGY IS THE ONLY PRIVATE, NOT-FOR-PROFIT TECHNICAL COLLEGE IN THE UPPER MIDWEST. HAVING PROVIDED HANDS-ON, APPLIED TECHNICAL EDUCATION TO MORE THAN 250,000 INDIVIDUALS, DUNWOODY IS THE COLLEGE FOR EXPERIMENTERS AND MAKERS, A PLACE WHERE THE CURIOUS AND THE CONFIDENT LEARN BY DOING. LOCATED IN MINNEAPOLIS, DUNWOODY OFFERS A UNIQUE CAMPUS EXPERIENCE IN DEDICATED LABS, STUDIOS, AND SHOPS THAT TREATS STUDENTS LIKE FUTURE PROFESSIONALS FROM DAY ONE. DUNWOODY CHALLENGES STUDENTS TO COME DETERMINED AND GRADUATE DESTINED.DUNWOODY IS ACCREDITED BY THE HIGHER LEARNING COMMISSION, AN INSTITUTIONAL ACCREDITATION AGENCY RECOGNIZED BY THE U.S. DEPARTMENT OF EDUCATION. THE COMMISSION'S WEB ADDRESS AND PHONE NUMBER ARE : WWW.HLCCOMMISSION.ORG AND 312-263-0456.DUNWOODY IS COMMITTED TO PREPARING STUDENTS FOR GREAT CAREERS IN HIGH-DEMAND, STEM-RELATED FIELDS. SINCE ITS FOUNDING 110 YEARS AGO, DUNWOODY'S GRADUATES HAVE GONE ON TO REWARDING CAREERS AS OUTSTANDING TECHNICIANS, SUCCESSFUL ENTREPRENEURS, AND INDUSTRY LEADERS.DUNWOODY COLLEGE TEACHES PROBLEM SOLVING AND CRITICAL THINKING ALONG WITH PRACTICAL, REAL-WORLD SKILLS THAT ARE SOUGHT AFTER BY BUSINESS AND INDUSTRY.LOCATED ON THE WESTERN EDGE OF DOWNTOWN MINNEAPOLIS, DUNWOODY OFFERS MORE THAN 40 CERTIFICATE, ASSOCIATE'S DEGREE AND BACHELOR'S DEGREE PROGRAMS IN THE AREAS OF AUTOMOTIVE, BUSINESS MANAGEMENT, COMPUTER TECHNOLOGY, CONSTRUCTION SCIENCES & BUILDING TECHNOLOGY, ARCHITECTURE, DESIGN, ENGINEERING, RADIOLOGIC TECHNOLOGY, AND ROBOTICS & MANUFACTURING.INSTRUCTION AT DUNWOODY IS STRUCTURED ON A 16-WEEK SEMESTER. AN ACADEMIC YEAR INCLUDES TWO 16-WEEK SEMESTERS WITH A NINE-WEEK SUMMER SESSION. PROGRAMS OF INSTRUCTION MAY LEAD TO A CERTIFICATE, ASSOCIATE OF APPLIED SCIENCE (A.A.S.) DEGREE, A BACHELOR OF SCIENCE (B.S.) DEGREE, OR A BACHEOR OF ARCHITECTURE (B.ARCH.) DEGREE. IT IS DUNWOODY'S GOAL THAT GRADUATING STUDENTS WILL BECOME RESPONSIBLE, CONTRIBUTING CITIZENS AS WELL AS ABLE TECHNICIANS AND LEADERS IN THEIR PROFESSIONS. DUNWOODY ALSO OFFERS TRAINING OPPORTUNITIES TO BOTH INDIVIDUALS AND COMPANIES THROUGH WORKFORCE TRAINING & CONTINUING EDUCATION.AS OF FALL SEMESTER 2024, DUNWOODY HAD AN ENROLLMENT OF 1,534 STUDENTS. FOR THE 2022-2023 ACADEMIC YEAR, DUNWOODY CAREER SERVICES REPORTS A PLACEMENT RATE OF 95 PERCENT.

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Trantor Score

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $15,924,754
Program Service Revenue $35,232,924
Investment Income $3,437,788
Other Revenue $180,673
TOTAL REVENUE $54,776,139

Expense Breakdown

Grants Paid $4,253,238
Salaries & Benefits $22,355,203
Fundraising Expenses $1,946,133
Program Expenses $32,197,198
Other Expenses $15,837,950
TOTAL EXPENSES $42,540,415

Year-over-Year Comparison

2023 2022 Change
Revenue $54,776,139 $68,146,431 -0.2%
Expenses $42,540,415 $39,591,054 +0.1%
Net Income $12,235,724 $28,555,377 -0.6%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Governance

Voting Members
29
Independent Members
28
Employees
383
Volunteers
575

Governance Policies

Conflict of Interest Policy
Whistleblower Policy
Document Retention Policy

Special Practices & Reported Activities

Operated a School
Operated a Hospital
Provided First Class Travel
Reported Conflict of Interest
Reported Asset Diversion
Excess Benefit Transaction
Made Political Expenditures
Engaged in Lobbying
Operated Donor Advised Fund
Maintained Art Collections
Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers
8
$1,132,392
Total Directors
29
$512,248
Key Employees
3
$616,836
Highest Compensated
5
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
RICHARD WAGNER PRESIDENT 40.00
Officer Director
$399,296 $112,952 $512,248
NANCY M DAHL BOARD CHAIR 1.00
Officer Director
$0 $0 $0
KIMBERLY A RANDOLPH VICE CHAIR OF THE BOARD 1.00
Officer Director
$0 $0 $0
THEODORE J CHRISTIANSON TREASURER OF THE BOARD 1.00
Officer Director
$0 $0 $0
CINDY W ROBIN SECRETARY OF THE BOARD 1.00
Officer Director
$0 $0 $0
BERNARD P ALDRICH TRUSTEE 1.00
Director
$0 $0 $0
BARBARA BALINSKI TRUSTEE 1.00
Director
$0 $0 $0
ROBERT BODOR TRUSTEE 1.00
Director
$0 $0 $0
HUTCHINS B COBURN TRUSTEE 1.00
Director
$0 $0 $0
JAMES D ENGELSMA TRUSTEE 1.00
Director
$0 $0 $0
CLAIRE M FERRARA TRUSTEE 1.00
Director
$0 $0 $0
LAURA K GRAF TRUSTEE 1.00
Director
$0 $0 $0
ANDREW R HECKER TRUSTEE 1.00
Director
$0 $0 $0
KAREN A ISAACSON TRUSTEE 1.00
Director
$0 $0 $0
ARTHUR W JOHNSON TRUSTEE (THRU 10/23) 1.00
Director
$0 $0 $0
THOMAS M KIEFFER TRUSTEE 1.00
Director
$0 $0 $0
VELMA J KORBEL TRUSTEE 1.00
Director
$0 $0 $0
DAVID M LYMAN TRUSTEE 1.00
Director
$0 $0 $0
WILLIAM J MATEIKIS TRUSTEE 1.00
Director
$0 $0 $0
BONNIE S MCGRATH TRUSTEE 1.00
Director
$0 $0 $0
DALE A NORDQUIST TRUSTEE 1.00
Director
$0 $0 $0
JULIE A OWEN TRUSTEE 1.00
Director
$0 $0 $0
JON L REISSNER TRUSTEE 1.00
Director
$0 $0 $0
JEFFREY S SCHIPPER TRUSTEE 1.00
Director
$0 $0 $0
HILLERY SHAY TRUSTEE 1.00
Director
$0 $0 $0
MARK G SHERRY TRUSTEE 1.00
Director
$0 $0 $0
STEVEN A SONNENBERG TRUSTEE 1.00
Director
$0 $0 $0
GREGG E STEDRONSKY TRUSTEE 1.00
Director
$0 $0 $0
MAUREEN A THOLEN TRUSTEE 1.00
Director
$0 $0 $0
TAMMY HUDDLE-MCGEE CFO (THRU 2/24) 40.00
Officer
$225,250 $19,657 $244,907
SCOTT STALLMAN PROVOST 40.00
Officer
$206,023 $19,792 $225,815
JEFF WILHELMI CFO (AS OF 2/24) 40.00
Officer
$141,872 $7,550 $149,422
BRIAN NELSON VP OF INSTITUTIONAL ADVANCEMENT 40.00
Key Emp
$192,605 $39,101 $231,706
CINDY OLSON VP OF ENROLLMENT MANAGEMENT 40.00
Key Emp
$166,496 $31,986 $198,482
PATRICIA EDMAN VP OF HUMAN RESOURCES 40.00
Key Emp
$167,309 $19,339 $186,648
COLLEEN J NORTON SENIOR DIRECTOR OF LEADERSHIP GIVING 40.00
Highest
$142,258 $19,464 $161,722
JULIE E MCFADDEN DIRECTOR, COMPUTER TECHNOLOGY PROGRAMS 40.00
Highest
$146,194 $8,296 $154,490
MARK ANDERSON CHIEF TECHNOLOGY OFFICER 40.00
Highest
$133,029 $32,695 $165,724
ANTHONY T BULLEN ACADEMIC DEAN 40.00
Highest
$137,082 $17,806 $154,888
EVERETTE DAIGLE ACADEMIC DEAN 40.00
Highest
$135,747 $17,741 $153,488
Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year Revenue Expenses Assets Net Income
2025 No data No data No data No data
2024 $54,776,139 $42,540,415 $123,800,611 $12,235,724
2023 $68,146,431 $39,591,054 $108,600,351 $28,555,377
2022 $53,531,769 $37,825,093 $75,471,326 $15,706,676
2021 $40,069,451 $33,701,967 $65,895,900 $6,367,484
2020 $39,159,025 $31,941,614 $58,463,238 $7,217,411
2019 $33,324,380 $30,556,094 $50,755,950 $2,768,286
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