MINNEAPOLIS - ST PAUL REGIONAL ECONOMIC DEVELOPMENT PARTNERSHIP: Form 990, tax year 2021

View the entire original 990 at ProPublica ↗

Organization
MINNEAPOLIS - ST PAUL REGIONAL ECONOMIC DEVELOPMENT PARTNERSHIP (EIN 27-4026636)
Tax period
2021-01-01 to 2021-12-31
Filed
2022-10-12
IRS object ID
202212859349301436
Schema version
2021v4.2
Source
Download XML · Original 990 at ProPublica

Every field in the e-filed return. Faint text is the IRS element name, for citing.

Return header ReturnHeader

FieldValueIRS element (for citing)
Return2022-10-12T16:35:24-05:00ReturnTs
Tax Period End2021-12-31TaxPeriodEndDt

Preparer Firm PreparerFirmGrp

FieldValueIRS element (for citing)
Preparer Firm EIN420714325PreparerFirmEIN

Preparer Firm Name PreparerFirmName

FieldValueIRS element (for citing)
Business Name Line1RSM US LLPBusinessNameLine1Txt

Preparer US Address PreparerUSAddress

FieldValueIRS element (for citing)
Address Line1227 WEST FIRST STREET SUITE 700AddressLine1Txt
CityDULUTHCityNm
State AbbreviationMNStateAbbreviationCd
ZIP55802ZIPCd
FieldValueIRS element (for citing)
Return Type990ReturnTypeCd
Tax Period Begin2021-01-01TaxPeriodBeginDt

Filer Filer

FieldValueIRS element (for citing)
EIN274026636EIN

Business Name BusinessName

FieldValueIRS element (for citing)
Business Name Line1MINNEAPOLIS SAINT PAUL REGIONAL ECONOMICBusinessNameLine1Txt
Business Name Line2DEVELOPMENT PARTNERSHIPBusinessNameLine2Txt
FieldValueIRS element (for citing)
Business Name ControlMINNBusinessNameControlTxt
Phone6512871365PhoneNum

US Address USAddress

FieldValueIRS element (for citing)
Address Line1400 ROBERT ST NORTH 1600AddressLine1Txt
CitySAINT PAULCityNm
State AbbreviationMNStateAbbreviationCd
ZIP55101ZIPCd

Business Officer BusinessOfficerGrp

FieldValueIRS element (for citing)
PersonPETER FROSCHPersonNm
Person TitlePRESIDENT AND CEOPersonTitleTxt
Phone6512871365PhoneNum
Signature2022-10-05SignatureDt
Discuss With Paid PreparerYes (1)DiscussWithPaidPreparerInd

Signing Officer SigningOfficerGrp

Person Full Name PersonFullName

FieldValueIRS element (for citing)
Person FirstPETERPersonFirstNm
Person LastFROSCHPersonLastNm
FieldValueIRS element (for citing)
SSN999009999SSN

Preparer Person PreparerPersonGrp

FieldValueIRS element (for citing)
Preparer PersonJULIE BOYERPreparerPersonNm
PTINP01278549PTIN
Phone2187275025PhoneNum
Preparation2022-10-05PreparationDt

Additional Filer Information AdditionalFilerInformation

Trusted Customer TrustedCustomerGrp

FieldValueIRS element (for citing)
Trusted Customer3TrustedCustomerCd
Authentication Assurance LevelAAL1AuthenticationAssuranceLevelCd
Identity Assurance LevelIAL1IdentityAssuranceLevelCd
FieldValueIRS element (for citing)
Tax2021TaxYr
Build TS2022-09-23 18:48:47ZBuildTS

Form 990 IRS990

Doing Business As Name DoingBusinessAsName

FieldValueIRS element (for citing)
Business Name Line1GREATER MSPBusinessNameLine1Txt
FieldValueIRS element (for citing)
Principal OfficerPETER FROSCHPrincipalOfficerNm

US Address USAddress

FieldValueIRS element (for citing)
Address Line1400 ROBERT ST NORTH 1600AddressLine1Txt
CitySAINT PAULCityNm
State AbbreviationMNStateAbbreviationCd
ZIP55101ZIPCd
FieldValueIRS element (for citing)
Gross Receipts$6,502,146GrossReceiptsAmt
Group Return For Affiliates0GroupReturnForAffiliatesInd
Organization501c3Yes (X)Organization501c3Ind
Website AddressWWW.GREATERMSP.ORGWebsiteAddressTxt
Type Of Organization CorpYes (X)TypeOfOrganizationCorpInd
Formation2010FormationYr
Legal Domicile StateMNLegalDomicileStateCd
Activity Or MissionTHE MISSION OF THE GREATER MSP PARTNERSHIP IS TO ACCELERATE REGIONAL COMPETITIVENESS AND INCLUSIVE ECONOMIC GROWTH THROUGH JOB CREATION, CAPITAL INVESTMENT AND EXECUTION OF STRATEGIC INITIATIVES. THE PARTNERSHIP WORKS TO STRENGTHEN OUR REGION'S GLOBAL SECTORS, PRIORITIZE TALENT, AND TELL OUR STORY.ActivityOrMissionDesc
Voting Members Governing Body45VotingMembersGoverningBodyCnt
Voting Members Independent44VotingMembersIndependentCnt
Total Employee30TotalEmployeeCnt
Total Volunteers200TotalVolunteersCnt
Total Gross UBI$0TotalGrossUBIAmt
Net Unrelated Bus Txbl Incm$0NetUnrelatedBusTxblIncmAmt
PY Contributions Grants$6,102,687PYContributionsGrantsAmt
CY Contributions Grants$6,501,903CYContributionsGrantsAmt
PY Program Service Revenue$0PYProgramServiceRevenueAmt
CY Program Service Revenue$0CYProgramServiceRevenueAmt
PY Investment Income$30,554PYInvestmentIncomeAmt
CY Investment Income$243CYInvestmentIncomeAmt
PY Other Revenue$84,007PYOtherRevenueAmt
CY Other Revenue$0CYOtherRevenueAmt
PY Total Revenue$6,217,248PYTotalRevenueAmt
CY Total Revenue$6,502,146CYTotalRevenueAmt
PY Grants And Similar Paid$0PYGrantsAndSimilarPaidAmt
CY Grants And Similar Paid$0CYGrantsAndSimilarPaidAmt
PY Benefits Paid To Members$0PYBenefitsPaidToMembersAmt
CY Benefits Paid To Members$0CYBenefitsPaidToMembersAmt
PY Salaries Comp Emp Bnft Paid$3,253,947PYSalariesCompEmpBnftPaidAmt
CY Salaries Comp Emp Bnft Paid$3,868,092CYSalariesCompEmpBnftPaidAmt
PY Total Prof Fndrsng Expns$0PYTotalProfFndrsngExpnsAmt
CY Total Prof Fndrsng Expns$0CYTotalProfFndrsngExpnsAmt
CY Total Fundraising Expense$88,355CYTotalFundraisingExpenseAmt
PY Other Expenses$2,228,836PYOtherExpensesAmt
CY Other Expenses$2,491,742CYOtherExpensesAmt
PY Total Expenses$5,482,783PYTotalExpensesAmt
CY Total Expenses$6,359,834CYTotalExpensesAmt
PY Revenues Less Expenses$734,465PYRevenuesLessExpensesAmt
CY Revenues Less Expenses$142,312CYRevenuesLessExpensesAmt
Total Assets BOY$5,339,896TotalAssetsBOYAmt
Total Assets EOY$5,371,081TotalAssetsEOYAmt
Total Liabilities BOY$1,000,864TotalLiabilitiesBOYAmt
Total Liabilities EOY$889,737TotalLiabilitiesEOYAmt
Net Assets Or Fund Balances BOY$4,339,032NetAssetsOrFundBalancesBOYAmt
Net Assets Or Fund Balances EOY$4,481,344NetAssetsOrFundBalancesEOYAmt
Info In Schedule O Part IIIYes (X)InfoInScheduleOPartIIIInd
MissionTHE MISSION OF THE GREATER MSP PARTNERSHIP IS TO ACCELERATE REGIONAL COMPETITIVENESS AND INCLUSIVE ECONOMIC GROWTH THROUGH JOB CREATION, CAPITAL INVESTMENT AND EXECUTION OF STRATEGIC INITIATIVES. THE PARTNERSHIP WORKS TO STRENGTHEN OUR REGION'S GLOBAL SECTORS, PRIORITIZE TALENT, AND TELL OUR STORY.MissionDesc
Significant New Program Srvc0SignificantNewProgramSrvcInd
Significant Change0SignificantChangeInd
Expense$4,999,517ExpenseAmt
DescGREATER MSP WAS CREATED A DECADE AGO TO BE A SHARED SPACE WHERE LEADERS AND ORGANIZATIONS OF ALL TYPES COULD COME TOGETHER AND BUILD THE ECONOMY FOR THE BENEFIT OF THE RESIDENTS OF THIS REGION. WE ARE REALIZING THIS VISION AS A CROSS-SECTOR, WORKING PARTNERSHIP THAT TOUCHES EVERY CORNER OF THE 15-COUNTY MINNEAPOLIS-SAINT PAUL METRO. THIS PARTNERSHIP INVOLVES MORE THAN 4,500 INDIVIDUALS FROM OVER 350 LEADING COMPANIES, CITIES, COUNTIES, FOUNDATIONS, AND UNIVERSITIES, WORKING TOGETHER TO ACCELERATE GLOBAL COMPETITIVENESS AND INCLUSIVE ECONOMIC GROWTH IN MINNEAPOLIS-SAINT PAUL. OVER 120 OF THESE PARTICIPATING ORGANIZATIONS INVEST FINANCIALLY, WITH DOZENS MORE INVESTING THEIR TIME AND ALIGNING THEIR RESOURCES BEHIND EXECUTION OF THE REGIONAL STRATEGY. GREATER MSP IS A LARGE AND GROWING WORKING PARTNERSHIP OF COMMUNITY AND BUSINESS LEADERS AND ORGANIZATIONS FROM ACROSS THE REGION. TOGETHER, WE SHAPE AND EXECUTE A SHARED REGIONAL ECONOMIC DEVELOPMENT STRATEGY FOCUSED ON: JOB GROWTH, STARTUPS & INNOVATION, TALENT MIGRATION, RACIAL INCLUSION, SKILLS & WORKFORCE, REGIONAL IMAGE, AFFORDABILITY, TRANSPORTATION & MOBILITY, AND NEW CLIMATE ECONOMY. THIS STRATEGY SUPPORTS US AS WE EXECUTE ON OUR VISION FOR THE MINNEAPOLIS-SAINT PAUL REGION TO LEAD THE WORLD IN INCLUSIVE ECONOMIC GROWTH BY WELCOMING ALL, EMPOWERING TALENT, IGNITING INNOVATION. GREATER MSP HAS BECOME A LARGE AND DIVERSE ECOSYSTEM OF ORGANIZATIONS BUILDING INNOVATIVE SOLUTIONS, SETTING AUDACIOUS LONG-TERM AMBITIONS, AND BREAKING THROUGH LONGSTANDING BOUNDARIES BY HARNESSING THE POWER OF CROSS-SECTOR COLLABORATION. STAFF OF THE ORGANIZATION SUPPORT THE PARTNERSHIP IN EXECUTING THIS STRATEGY BY SUPPORTING PLATFORMS FOR BUSINESS INVESTMENT, MSP STORYTELLING, AND STRATEGIC INITIATIVES THAT ARE SUPPORTED BY A RESEARCH & INTELLIGENCE DEPARTMENT. THE GREATER MSP PARTNERSHIP HAS DEMONSTRATED THE CAPABILITY OF GENERATING SIGNIFICANT ECONOMIC OPPORTUNITY FOR PEOPLE IN THE REGION. GREATER MSP HAS BEEN BUILDING ON OUR ORIGINAL SCOPE TO ENSURE THAT EVERY MEMBER OF OUR COMMUNITY CAN ACCESS GOOD JOBS AND ECONOMIC OPPORTUNITY. THIS EMPHASIS ON INCLUSIVE GROWTH HAS POWERED AN EXPANSION IN GREATER MSP'S SCOPE, CAPACITY, AND BREADTH OF PARTICIPANTS. A DECADE OF DATA POINT TO TWO CHIEF CHALLENGES FOR THE REGION: ADVANCING RACIAL EQUITY AND ACCELERATING THE GROWTH OF QUALITY JOBS. GREATER MSP RECOGNIZES THESE CHALLENGES AS INTERDEPENDENT AND IS COMMITTED TO INVESTING IN EQUITY AS A GROWTH SOLUTION. THE VISION, MISSION, AND VALUES FOR THE GREATER MSP REGION AND PARTNERSHIP INCLUDE:REGIONAL VISIONTHE GREATER MSP REGION LEADS THE WORLD IN INCLUSIVE ECONOMIC GROWTH BY WELCOMING ALL, EMPOWERING TALENT & IGNITING INNOVATION.PARTNERSHIP MISSIONTHE GREATER MSP PARTNERSHIP WILL ACCELERATE REGIONAL COMPETITIVENESS AND INCLUSIVE ECONOMIC GROWTH THROUGH JOB CREATION, CAPITAL INVESTMENT & EXECUTION OF STRATEGIC INITIATIVES.PARTNERSHIP VALUESACCOUNTABILITY | ALIGNMENT | INCLUSION | INNOVATION | TRANSPARENCYDesc

Prog Srvc Accom Acty Other ProgSrvcAccomActyOtherGrp

FieldValueIRS element (for citing)
DescGREATER MSP IS HOW LEADERS AND ORGANIZATIONS COME TOGETHER TO TAKE ACTION AND DRIVE OUR ECONOMY FORWARD. BY ALL MEASURES, 2021 WAS A YEAR OF PRODUCTIVITY, INNOVATION, AND SUCCESS. THANKS TO THE WORK OF OUR PARTNERSHIP NOT JUST OUR STAFF, BUT THE ENTIRE COALITION WE WERE ABLE TO ACCOMPLISH 100 PROJECTS IN 2021 ALONE! BELOW ARE JUST SOME HIGHLIGHTS ACROSS OUR EIGHT PLATFORMS.BUSINESS INVESTMENTBUSINESS INVESTMENT HELPS EXISTING EMPLOYERS EXPAND THEIR OPERATIONS WHILE ATTRACTING NEW COMPANIES TO LOCATE, INVEST AND CREATE JOBS IN THE GREATER MSP REGION. AS A RESULT OF OUR EFFORTS, AND WORKING IN CONCERT WITH OUR REGIONAL PARTNERS, WE SUCCESSFULLY COMPLETED 16 PROJECTS THAT RESULTED IN 1,398 JOBS. IN ADDITION, THE REGION BENEFITED FROM OVER $320 MILLION IN NEW CAPITAL INVESTMENT IN NEW/EXPANDED BUSINESS LOCATIONS.RESEARCH & INTELLIGENCEGREATER MSP IS THE REGIONAL SOURCE OF TRUSTED, UNBIASED DATA ON THE REGIONAL ECONOMY. DATA, ANALYTICS, AND INTELLIGENCE ARE INTEGRATED AND LEVERAGED TO DELIVER HIGH-VALUE INSIGHTS THAT DRIVE THE DEVELOPMENT OF REGIONAL STRATEGY, ENABLING THE PARTNERSHIP TO LEAD GLOBALLY IN AN INCREASINGLY COMPLEX ECONOMIC LANDSCAPE. OUR RESEARCH AND INTELLIGENCE PLATFORM CREATES THE ECONOMIC DATA AND INSIGHTS, LIKE THE MSP REGIONAL INDICATORS DASHBOARD, THAT WE USE TO FOCUS AND PRIORITIZE.2021 MARKED THE SEVENTH CONSECUTIVE YEAR THAT THE GREATER MSP PARTNERSHIP HAS TRACKED A SET OF SHARED METRICS MEASURING THE REGION'S CHANGE ON CRITICAL ECONOMIC, ENVIRONMENTAL, AND SOCIAL OUTCOMES. EACH YEAR, PRIVATE, PUBLIC, AND NONPROFIT LEADERS COME TOGETHER TO DETERMINE WHAT FACTORS SHOULD BE MEASURED TO ENSURE THE CONTINUED EMERGENCE OF THIS REGION AS A NATIONAL AND GLOBAL FORCE. WITH OUR COLLECTIVE APPROACH TO THE REGIONAL INDICATORS DASHBOARD, WE ARE ALL BETTER EQUIPPED TO STRENGTHEN OUR REGION'S ECONOMIC COMPETITIVENESS. MOVING FORWARD, WE ARE IDENTIFYING AREAS OF STRENGTH TO BUILD ON INCLUDING QUALITY OF LIFE, INNOVATION, AND AFFORDABILITY AND IDENTIFYING AREAS TO IMPROVE UPON, SUCH AS RACIAL INCLUSION.MSP STORYTELLINGOUR VISION FOR THE GREATER MSP REGION IS TO LEAD THE WORLD IN INCLUSIVE ECONOMIC GROWTH BY WELCOMING ALL, EMPOWERING TALENT AND IGNITING INNOVATION. AS OUR REGION'S RESIDENTS WORK TOGETHER TO BUILD THIS WORLD-CLASS ECONOMY AND QUALITY OF LIFE, AND SOLVE SOME OF THE GREATEST CHALLENGES OF THE 21ST CENTURY IN FOOD, WATER, AND HEALTH, WE ARE PROUD TO SHARE THEIR STORIES. IN 2021, GREATER MSP CONTINUED TO DEVELOP A VARIETY OF TOOLS AND VEHICLES TO BRAND AND MARKET THE GREATER MSP REGION.MAKE IT. MSPMAKE IT. MSP. BRINGS MANY OF THE REGION'S LARGEST EMPLOYERS TOGETHER TO WORK WITH COMMUNITY AND EDUCATIONAL PARTNERS TO ATTRACT AND RETAIN PROFESSIONALS TO THE REGION. WE'VE WORKED TOGETHER TO CREATE A WEALTH OF TALENT RESOURCES, WITH SPECIAL ATTENTION TO RETAINING PROFESSIONALS OF COLOR IN OUR REGION. IN 2021, MAKE IT. MSP: CONNECTED 1,700 PEOPLE ACROSS THE U.S. TO FOOD-, AGRICULTURE-, HEALTH-, AND MEDICAL-CAREER RESOURCES AT MAKEITMSP.ORG HOSTED A DIGITAL SUMMER INTERN EVENT, INVOLVING OVER 600 INTERNS ONBOARDED 75 NEW TEAMS AND USERS TO THE BE MSP WORKPLACE INCLUSION TOOLKIT PLATFORM ELEVATED THE PERSONAL STORIES OF 10 PROFESSIONALS OF COLOR THROUGH THE MSP IN COLOR SERIES FORGE NORTHLED BY A GROWING COALITION OF MORE THAN 150 ALLIES, FORGE NORTH IS A MOVEMENT TO ACCELERATE STARTUPS AND INNOVATION ACROSS THE REGION. IN 2021, FORGE NORTH: CONNECTED MORE THAN 1,100 CURRENT AND PROSPECTIVE ENTREPRENEURS TO RESOURCES VIA FORGE NORTH'S MSP STARTUP COMPASS TRAINED MORE THAN 500 PROSPECTIVE ANGEL INVESTORS WORKED WITH 31 MAJOR CORPORATIONS IN A REVIEW OF THEIR STARTUP PARTNERSHIP PRACTICESMBOLDMBOLD IS A COALITION OF BIG COMPANIES, START-UPS, UNIVERSITIES, AND NONPROFITS KEEPING US AT THE FOREFRONT OF INNOVATION IN FOOD AND AGRICULTURE. MBOLD LAUNCHED IN 2020, TO MAKE OUR REGION A GLOBAL HUB FOR SOLVING THE MOST CRITICAL FOOD & AGRICULTURE CHALLENGES OF THE 21ST CENTURY, INCLUDING CLIMATE CHANGE. IN 2021, MBOLD: LAUNCHED A CIRCULAR ECONOMY FOR INDUSTRIAL PLASTIC FILM. WHEN OPERATIONAL IN 2023, THIS INITIATIVE HAS THE POTENTIAL TO RECYCLE 90 MILLION POUNDS OF PLASTIC PER YEAR. SELECTED 5 HIGH-POTENTIAL COMPANIES TO PARTICIPATE IN THE BOLD GROWTH COHORT LED A PROJECT TO CONVERT 7,000 ACRES IN RED RIVER VALLEY TO REGENERATIVE AGRICULTURECONNEXTMSPCONNEXTMSP IS A NEW PLATFORM WORKING TO ENSURE THOUSANDS MORE YOUNG ADULTS OF COLOR FROM OUR REGION ARE HIRED INTO GREAT JOBS BY EMPLOYERS IN OUR REGION. CONNEXTMSP BECAME PART OF GREATER MSP IN 2020, AND PUBLICLY LAUNCHED IN 2021 WITH THE HELP OF MORE THAN 50 COALITION PARTNERS. IN 2021, CONNEXTMSP SAW 30% GROWTH IN PARTICIPATION ON ITS TALENT PLATFORM. REGIONAL AIR SERVICES PARTNERSHIP (RASP)THE MSP REGIONAL AIR SERVICES PARTNERSHIP (RASP) WAS LAUNCHED IN 2017 BY THE METROPOLITAN AIRPORTS COMMISSION (MAC) AND GREATER MSP. RASP DRAWS ON THE LEADERSHIP OF CORPORATE PARTNERS AND THE METROPOLITAN AIRPORTS COMMISSION TO EXPAND ACCESS TO DOMESTIC AND GLOBAL LOCATIONS FROM MSP INTERNATIONAL AIRPORT. OTHER NOTABLE 2021 ACCOMPLISHMENTSGREATER MSP LED A COALITION OF PARTNERS TO COMPETE IN THE US ECONOMIC DEVELOPMENT ADMINISTRATION'S HIGH-PROFILE BUILD BACK BETTER REGIONAL CHALLENGE. WE MOBILIZED A COALITION OF MORE THAN 60 ORGANIZATIONS TO CREATE ONE OF THE NATION'S MOST COMPETITIVE PROPOSALS. OUR BOLD VISION IS TO CREATE AMERICA'S MOST INCLUSIVE BIO-INNOVATION CLUSTER, AND THE FIRST ECONOMIC SECTOR IN MINNESOTA DESIGNED WITH EQUITY AS A PRIORITY. OUR REGION WAS ONE OF 60 FINALISTS SELECTED FROM A FIELD OF 529. OUR APPLICATION SEEKS OVER $57 MILLION IN FUNDING AND HAS THE POTENTIAL TO GENERATE UP TO 27,000 ADDITIONAL JOBS AND $30 BILLION IN NEW ECONOMIC OUTPUT OVER TEN YEARS.Desc
FieldValueIRS element (for citing)
Total Program Service Expenses$4,999,517TotalProgramServiceExpensesAmt
Described In Section501c3Yes (1)DescribedInSection501c3Ind
Schedule B RequiredYes (1)ScheduleBRequiredInd
Political Campaign Acty0PoliticalCampaignActyInd
Lobbying Activities0LobbyingActivitiesInd
Subject To Proxy Tax0SubjectToProxyTaxInd
Donor Advised Fund0DonorAdvisedFundInd
Conservation Easements0ConservationEasementsInd
Collections Of Art0CollectionsOfArtInd
Credit Counseling0CreditCounselingInd
Donor Rstr Or Quasi Endowments0DonorRstrOrQuasiEndowmentsInd
Report Land Building EquipmentYes (1)ReportLandBuildingEquipmentInd
Report Investments Other Sec0ReportInvestmentsOtherSecInd
Report Program Related Invst0ReportProgramRelatedInvstInd
Report Other Assets0ReportOtherAssetsInd
Report Other LiabilitiesYes (1)ReportOtherLiabilitiesInd
Include FIN48 FootnoteYes (1)IncludeFIN48FootnoteInd
Independent Audit Fincl StmtYes (1)IndependentAuditFinclStmtInd
Consolidated Audit Fincl Stmt0ConsolidatedAuditFinclStmtInd
School Operating0SchoolOperatingInd
Foreign OfficeYes (1)ForeignOfficeInd
Foreign ActivitiesYes (1)ForeignActivitiesInd
More Than5000 K To Org0MoreThan5000KToOrgInd
More Than5000 K To Individuals0MoreThan5000KToIndividualsInd
Professional Fundraising0ProfessionalFundraisingInd
Fundraising Activities0FundraisingActivitiesInd
Gaming Activities0GamingActivitiesInd
Operate Hospital0OperateHospitalInd
Grants To Organizations0GrantsToOrganizationsInd
Grants To Individuals0GrantsToIndividualsInd
Schedule J RequiredYes (1)ScheduleJRequiredInd
Tax Exempt Bonds0TaxExemptBondsInd
Engaged In Excess Benefit Trans0EngagedInExcessBenefitTransInd
PY Excess Benefit Trans0PYExcessBenefitTransInd
Loan Outstanding0LoanOutstandingInd
Grant To Related Person0GrantToRelatedPersonInd
Business Rln With Org Mem0BusinessRlnWithOrgMemInd
Business Rln With Fam Mem0BusinessRlnWithFamMemInd
Business Rln With35 Ctrl Ent0BusinessRlnWith35CtrlEntInd
Deductible Non Cash Contri0DeductibleNonCashContriInd
Deductible Art Contribution0DeductibleArtContributionInd
Terminate Operations0TerminateOperationsInd
Partial Liquidation0PartialLiquidationInd
Disregarded Entity0DisregardedEntityInd
Related Entity0RelatedEntityInd
Related Organization Ctrl Ent0RelatedOrganizationCtrlEntInd
Trnsfr Exmpt Non Chrtbl Rltd Org0TrnsfrExmptNonChrtblRltdOrgInd
Activities Conducted Prtshp0ActivitiesConductedPrtshpInd
Schedule O RequiredYes (1)ScheduleORequiredInd
IRP Document55IRPDocumentCnt
IRP Document W2 G0IRPDocumentW2GCnt
Backup Wthld ComplianceYes (1)BackupWthldComplianceInd
Employee30EmployeeCnt
Employment Tax Returns FiledYes (1)EmploymentTaxReturnsFiledInd
Unrelated Bus Incm Over Limit0UnrelatedBusIncmOverLimitInd
Foreign Financial Account0ForeignFinancialAccountInd
Prohibited Tax Shelter Trans0ProhibitedTaxShelterTransInd
Taxable Party Notification0TaxablePartyNotificationInd
Nondeductible Contributions0NondeductibleContributionsInd
Quid Pro Quo Contributions0QuidProQuoContributionsInd
Form8282 Property Disposed Of0Form8282PropertyDisposedOfInd
Rcv Fnds To Pay Prsnl Bnft Cntrct0RcvFndsToPayPrsnlBnftCntrctInd
Pay Premiums Prsnl Bnft Cntrct0PayPremiumsPrsnlBnftCntrctInd
Indoor Tanning Services0IndoorTanningServicesInd
Subj To Tax Rmnrtn Ex Prcht Pymt0SubjToTaxRmnrtnExPrchtPymtInd
Subject To Excs Tax Net Invst Inc0SubjectToExcsTaxNetInvstIncInd
Info In Schedule O Part VIYes (X)InfoInScheduleOPartVIInd
Governing Body Voting Members45GoverningBodyVotingMembersCnt
Independent Voting Member44IndependentVotingMemberCnt
Family Or Business RlnYes (1)FamilyOrBusinessRlnInd
Delegation Of Mgmt Duties0DelegationOfMgmtDutiesInd
Change To Org Documents0ChangeToOrgDocumentsInd
Material Diversion Or Misuse0MaterialDiversionOrMisuseInd
Members Or Stockholders0MembersOrStockholdersInd
Election Of Board Members0ElectionOfBoardMembersInd
Decisions Subject To Approva0DecisionsSubjectToApprovaInd
Minutes Of Governing BodyYes (1)MinutesOfGoverningBodyInd
Minutes Of CommitteesYes (1)MinutesOfCommitteesInd
Officer Mailing Address0OfficerMailingAddressInd
Local Chapters0LocalChaptersInd
Form990 Provided To Gvrn BodyYes (1)Form990ProvidedToGvrnBodyInd
Conflict Of Interest PolicyYes (1)ConflictOfInterestPolicyInd
Annual Disclosure Covered PrsnYes (1)AnnualDisclosureCoveredPrsnInd
Regular Monitoring EnfrcYes (1)RegularMonitoringEnfrcInd
Whistleblower PolicyYes (1)WhistleblowerPolicyInd
Document Retention PolicyYes (1)DocumentRetentionPolicyInd
Compensation Process CEOYes (1)CompensationProcessCEOInd
Compensation Process OtherYes (1)CompensationProcessOtherInd
Investment In Joint Venture0InvestmentInJointVentureInd
States Where Copy Of Return Is FldMNStatesWhereCopyOfReturnIsFldCd
Upon RequestYes (X)UponRequestInd

Books In Care Of Detail BooksInCareOfDetail

Business Name BusinessName

FieldValueIRS element (for citing)
Business Name Line1SAMUEL MORANTZBusinessNameLine1Txt
FieldValueIRS element (for citing)
Phone6512871365PhoneNum

US Address USAddress

FieldValueIRS element (for citing)
Address Line1400 ROBERT ST NORTH NO 1600AddressLine1Txt
CitySAINT PAULCityNm
State AbbreviationMNStateAbbreviationCd
ZIP55101ZIPCd

Form990 Part VII Section A Form990PartVIISectionAGrp (58 entries)

TitleTitleTxtAverage Hours Per WeekAverageHoursPerWeekRtIndividual Trustee Or DirectorIndividualTrusteeOrDirectorIndOfficerOfficerIndReportable Comp From OrgReportableCompFromOrgAmtReportable Comp From Rltd OrgReportableCompFromRltdOrgAmtOther CompensationOtherCompensationAmtKey EmployeeKeyEmployeeIndHighest Compensated EmployeeHighestCompensatedEmployeeInd
PETER FROSCH
PRESIDENT & CEO40.00Yes (X)Yes (X)$417,096$0$16,001
TONYA ALLEN
DIRECTOR0.50Yes (X)$0$0$0
CHAIRMAN KEITH ANDERSON
DIRECTOR0.50Yes (X)$0$0$0
DOUG BAKER
DIRECTOR0.50Yes (X)$0$0$0
ANDY BESSETTE
DIRECTOR0.50Yes (X)$0$0$0
DOUG CARNIVAL
OF COUNSEL0.50Yes (X)$0$0$0
COMMISSIONER TONI CARTER
DIRECTOR0.50Yes (X)$0$0$0
BRETT CARTER
DIRECTOR0.50Yes (X)$0$0$0
MAYOR MELVIN CARTER
DIRECTOR0.50Yes (X)$0$0$0
BERT COLIANNI
DIRECTOR0.50Yes (X)$0$0$0
DAVID DINES
DIRECTOR(UNTIL 9/30/2021)0.50Yes (X)$0$0$0
BETH FORD
DIRECTOR0.50Yes (X)$0$0$0
MAYOR JACOB FREY
DIRECTOR0.50Yes (X)$0$0$0
JOAN GABEL
DIRECTOR0.50Yes (X)$0$0$0
COMMISSIONER KATHLEEN GAYLORD
DIRECTOR0.50Yes (X)$0$0$0
COMMISSIONER MARION GREENE
DIRECTOR0.50Yes (X)$0$0$0
STEVE HOCKETT
DIRECTOR0.50Yes (X)$0$0$0
DAN JOHNSON
DIRECTOR0.50Yes (X)$0$0$0
ERIC JOLLY
DIRECTOR0.50Yes (X)$0$0$0
MICHAEL JONES
DIRECTOR0.50Yes (X)$0$0$0
PHILIP KAUFMAN
DIRECTOR0.50Yes (X)$0$0$0
RICK KING
DIRECTOR (UNTIL 3/31/2021)0.50Yes (X)$0$0$0
AMY LANGER
DIRECTOR0.50Yes (X)$0$0$0
AUDREY LUCAS
DIRECTOR0.50Yes (X)$0$0$0
JAY LUND
DIRECTOR0.50Yes (X)$0$0$0
MIKE MAGUIRE
DIRECTOR0.50Yes (X)$0$0$0
MATT MARSH
DIRECTOR0.50Yes (X)$0$0$0
JOHN NAYLOR
DIRECTOR0.50Yes (X)$0$0$0
JON NUDI
DIRECTOR0.50Yes (X)$0$0$0
MICHAEL O'LEARY
DIRECTOR0.50Yes (X)$0$0$0
LAURA OBERST
DIRECTOR0.50Yes (X)$0$0$0
RT RYBAK
DIRECTOR0.50Yes (X)$0$0$0
DAVID SAGGAU
DIRECTOR0.50Yes (X)$0$0$0
DR CRAIG SAMITT
DIRECTOR (UNTIL 5/3/2021)0.50Yes (X)$0$0$0
COMMISSIONER SCOTT SCHULTE
DIRECTOR0.50Yes (X)$0$0$0
TODD SENGER
DIRECTOR0.50Yes (X)$0$0$0
CHRISTINE SOVEREIGN
DIRECTOR0.50Yes (X)$0$0$0
JOHN STAUCH
DIRECTOR0.50Yes (X)$0$0$0
JULIE SULLIVAN
DIRECTOR0.50Yes (X)$0$0$0
CAROL SURFACE
DIRECTOR0.50Yes (X)$0$0$0
COMMISSIONER JON ULRICH
DIRECTOR0.50Yes (X)$0$0$0
ANDREA WALSH
DIRECTOR0.50Yes (X)$0$0$0
LAYSHA WARD
DIRECTOR0.50Yes (X)$0$0$0
COMMISSIONER LISA WEIK
DIRECTOR0.50Yes (X)$0$0$0
BRADLEY WOOD
DIRECTOR0.50Yes (X)$0$0$0
TIMOTHY A WELSH
CHAIRMAN1.00Yes (X)Yes (X)$0$0$0
RAVI NORMAN
VICE CHAIR0.50Yes (X)Yes (X)$0$0$0
DENNIS DAHLEN
TREASURER0.50Yes (X)Yes (X)$0$0$0
CYDNI RICE
VICE PRESIDENT, OPERATIONS40.00$228,315$0$37,804Yes (X)
JOEL AKASON
SVP, BUSINESS INVESTMENT40.00$268,451$0$37,347Yes (X)
MATTHEW LEWIS
VICE PRESIDENT, STRATEGIC INITIATIVES40.00$232,663$0$12,663Yes (X)
AMANDA TAYLOR
VICE PRESIDENT, RESEARCH & INTELLIGENCE40.00$176,541$0$37,209Yes (X)
PORTIA ROBERTERSON MIGAS
VP, REGIONAL MARKETING & COMMUNICATI40.00$164,088$0$0Yes (X)
JENNIFER M LINDEMER
DIRECTOR, ORGANIZATIONAL DEVELOPMENT40.00$152,235$0$36,651Yes (X)
JOANNE BERKENKAMP
MANAGING DIRECTOR, MBOLD40.00$167,907$0$6,501Yes (X)
TIFFANY ORTH
DIRECTOR OF OPERATIONS, STRATEGIC INITIATIVES40.00$113,786$0$11,973Yes (X)
MEGAN A HABASHY
COMMUNICATIONS DIRECTOR40.00$110,074$0$0Yes (X)
SAM B MORANTZ
COMPTROLLER40.00$120,579$0$12,113Yes (X)
FieldValueIRS element (for citing)
Total Reportable Comp From Org$2,151,735TotalReportableCompFromOrgAmt
Tot Reportable Comp Rltd Org$0TotReportableCompRltdOrgAmt
Total Other Compensation$208,262TotalOtherCompensationAmt
Indiv Rcvd Greater Than100 K12IndivRcvdGreaterThan100KCnt
Former Ofcr Employees Listed0FormerOfcrEmployeesListedInd
Total Comp Greater Than150 KYes (1)TotalCompGreaterThan150KInd
Compensation From Other Srcs0CompensationFromOtherSrcsInd

Contractor Compensation ContractorCompensationGrp

Contractor Name ContractorName

Business Name BusinessName

FieldValueIRS element (for citing)
Business Name Line1VENN DESIGN & MEDIABusinessNameLine1Txt

Contractor Address ContractorAddress

US Address USAddress

FieldValueIRS element (for citing)
Address Line1829 LAUREL AVENUEAddressLine1Txt
CityST PAULCityNm
State AbbreviationMNStateAbbreviationCd
ZIP55104ZIPCd
FieldValueIRS element (for citing)
ServicesCONSULTING/CONTRACTING FEESServicesDesc
Compensation$111,890CompensationAmt
FieldValueIRS element (for citing)
Cntrct Rcvd Greater Than100 K1CntrctRcvdGreaterThan100KCnt
All Other Contributions$6,501,903AllOtherContributionsAmt
Total Contributions$6,501,903TotalContributionsAmt

Investment Income InvestmentIncomeGrp

FieldValueIRS element (for citing)
Total Revenue Column$243TotalRevenueColumnAmt
Exclusion$243ExclusionAmt

Total Revenue TotalRevenueGrp

FieldValueIRS element (for citing)
Total Revenue Column$6,502,146TotalRevenueColumnAmt
Related Or Exempt Func Income$0RelatedOrExemptFuncIncomeAmt
Unrelated Business Revenue$0UnrelatedBusinessRevenueAmt
Exclusion$243ExclusionAmt

Comp Current Ofcr Directors CompCurrentOfcrDirectorsGrp

FieldValueIRS element (for citing)
Total$1,383,418TotalAmt
Program Services$1,089,893ProgramServicesAmt
Management And General$225,576ManagementAndGeneralAmt
Fundraising$67,949FundraisingAmt

Other Salaries And Wages OtherSalariesAndWagesGrp

FieldValueIRS element (for citing)
Total$2,066,833TotalAmt
Program Services$1,534,677ProgramServicesAmt
Management And General$522,461ManagementAndGeneralAmt
Fundraising$9,695FundraisingAmt

Pension Plan Contributions PensionPlanContributionsGrp

FieldValueIRS element (for citing)
Total$72,150TotalAmt
Program Services$50,578ProgramServicesAmt
Management And General$21,520ManagementAndGeneralAmt
Fundraising$52FundraisingAmt

Other Employee Benefits OtherEmployeeBenefitsGrp

FieldValueIRS element (for citing)
Total$145,427TotalAmt
Program Services$100,183ProgramServicesAmt
Management And General$43,237ManagementAndGeneralAmt
Fundraising$2,007FundraisingAmt

Payroll Taxes PayrollTaxesGrp

FieldValueIRS element (for citing)
Total$200,264TotalAmt
Program Services$156,653ProgramServicesAmt
Management And General$39,668ManagementAndGeneralAmt
Fundraising$3,943FundraisingAmt

Fees For Services Legal FeesForServicesLegalGrp

FieldValueIRS element (for citing)
Total$21,660TotalAmt
Program Services$10,740ProgramServicesAmt
Management And General$10,920ManagementAndGeneralAmt

Fees For Services Accounting FeesForServicesAccountingGrp

FieldValueIRS element (for citing)
Total$59,141TotalAmt
Management And General$59,141ManagementAndGeneralAmt

Fees For Services Other FeesForServicesOtherGrp

FieldValueIRS element (for citing)
Total$260,963TotalAmt
Program Services$105,398ProgramServicesAmt
Management And General$155,565ManagementAndGeneralAmt

Advertising AdvertisingGrp

FieldValueIRS element (for citing)
Total$1,178,409TotalAmt
Program Services$1,178,409ProgramServicesAmt

Office Expenses OfficeExpensesGrp

FieldValueIRS element (for citing)
Total$22,321TotalAmt
Program Services$17,264ProgramServicesAmt
Management And General$4,809ManagementAndGeneralAmt
Fundraising$248FundraisingAmt

Information Technology InformationTechnologyGrp

FieldValueIRS element (for citing)
Total$188,591TotalAmt
Program Services$106,868ProgramServicesAmt
Management And General$81,723ManagementAndGeneralAmt

Occupancy OccupancyGrp

FieldValueIRS element (for citing)
Total$147,222TotalAmt
Program Services$113,870ProgramServicesAmt
Management And General$31,717ManagementAndGeneralAmt
Fundraising$1,635FundraisingAmt

Travel TravelGrp

FieldValueIRS element (for citing)
Total$31,240TotalAmt
Program Services$22,427ProgramServicesAmt
Management And General$8,813ManagementAndGeneralAmt

Conferences Meetings ConferencesMeetingsGrp

FieldValueIRS element (for citing)
Total$37,920TotalAmt
Program Services$29,269ProgramServicesAmt
Management And General$8,651ManagementAndGeneralAmt

Interest InterestGrp

FieldValueIRS element (for citing)
Total$583TotalAmt
Program Services$451ProgramServicesAmt
Management And General$126ManagementAndGeneralAmt
Fundraising$6FundraisingAmt

Depreciation Depletion DepreciationDepletionGrp

FieldValueIRS element (for citing)
Total$80,573TotalAmt
Program Services$62,320ProgramServicesAmt
Management And General$17,358ManagementAndGeneralAmt
Fundraising$895FundraisingAmt

Insurance InsuranceGrp

FieldValueIRS element (for citing)
Total$3,337TotalAmt
Management And General$3,337ManagementAndGeneralAmt

Other Expenses OtherExpensesGrp (3 entries)

DescDescTotalTotalAmtProgram ServicesProgramServicesAmt
DUES AND SUBSCRIPTIONS$156,987$156,987
SPONSORSHIPS$77,884$77,884
PROFESSIONAL DEVELOPMEN$500$500

All Other Expenses AllOtherExpensesGrp

FieldValueIRS element (for citing)
Total$224,411TotalAmt
Program Services$185,146ProgramServicesAmt
Management And General$37,340ManagementAndGeneralAmt
Fundraising$1,925FundraisingAmt

Total Functional Expenses TotalFunctionalExpensesGrp

FieldValueIRS element (for citing)
Total$6,359,834TotalAmt
Program Services$4,999,517ProgramServicesAmt
Management And General$1,271,962ManagementAndGeneralAmt
Fundraising$88,355FundraisingAmt

Cash Non Interest Bearing CashNonInterestBearingGrp

FieldValueIRS element (for citing)
BOY$1,882,616BOYAmt
EOY$2,055,589EOYAmt

Savings And Temp Cash Invst SavingsAndTempCashInvstGrp

FieldValueIRS element (for citing)
BOY$2,531,658BOYAmt
EOY$2,531,901EOYAmt

Pledges And Grants Receivable PledgesAndGrantsReceivableGrp

FieldValueIRS element (for citing)
BOY$589,865BOYAmt
EOY$529,499EOYAmt

Accounts Receivable AccountsReceivableGrp

FieldValueIRS element (for citing)
BOY$401BOYAmt
EOY$688EOYAmt

Prepaid Expenses Defrd Charges PrepaidExpensesDefrdChargesGrp

FieldValueIRS element (for citing)
BOY$127,108BOYAmt
EOY$70,791EOYAmt
FieldValueIRS element (for citing)
Land Bldg Equip Cost Or Other Bss$1,356,430LandBldgEquipCostOrOtherBssAmt
Land Bldg Equip Accum Deprec$1,181,942LandBldgEquipAccumDeprecAmt

Land Bldg Equip Basis Net LandBldgEquipBasisNetGrp

FieldValueIRS element (for citing)
BOY$196,523BOYAmt
EOY$174,488EOYAmt

Intangible Assets IntangibleAssetsGrp

FieldValueIRS element (for citing)
BOY$11,725BOYAmt
EOY$8,125EOYAmt

Total Assets TotalAssetsGrp

FieldValueIRS element (for citing)
BOY$5,339,896BOYAmt
EOY$5,371,081EOYAmt

Accounts Payable Accr Expnss AccountsPayableAccrExpnssGrp

FieldValueIRS element (for citing)
BOY$607,749BOYAmt
EOY$631,113EOYAmt

Deferred Revenue DeferredRevenueGrp

FieldValueIRS element (for citing)
BOY$247,100BOYAmt
EOY$162,100EOYAmt

Other Liabilities OtherLiabilitiesGrp

FieldValueIRS element (for citing)
BOY$146,015BOYAmt
EOY$96,524EOYAmt

Total Liabilities TotalLiabilitiesGrp

FieldValueIRS element (for citing)
BOY$1,000,864BOYAmt
EOY$889,737EOYAmt
FieldValueIRS element (for citing)
Organization Follows FASB117Yes (X)OrganizationFollowsFASB117Ind

No Donor Restriction Net Assets NoDonorRestrictionNetAssetsGrp

FieldValueIRS element (for citing)
BOY$3,370,816BOYAmt
EOY$3,199,923EOYAmt

Donor Restriction Net Assets DonorRestrictionNetAssetsGrp

FieldValueIRS element (for citing)
BOY$968,216BOYAmt
EOY$1,281,421EOYAmt

Total Net Assets Fund Balance TotalNetAssetsFundBalanceGrp

FieldValueIRS element (for citing)
BOY$4,339,032BOYAmt
EOY$4,481,344EOYAmt

Tot Liab Net Assets Fund Balance TotLiabNetAssetsFundBalanceGrp

FieldValueIRS element (for citing)
BOY$5,339,896BOYAmt
EOY$5,371,081EOYAmt
FieldValueIRS element (for citing)
Reconcilation Revenue Expnss$142,312ReconcilationRevenueExpnssAmt
Other Changes In Net Assets$0OtherChangesInNetAssetsAmt
Method Of Accounting AccrualYes (X)MethodOfAccountingAccrualInd
Accountant Compile Or Review0AccountantCompileOrReviewInd
FS AuditedYes (1)FSAuditedInd

FS Audited Basis FSAuditedBasisGrp

FieldValueIRS element (for citing)
Separate Basis Fincl StmtYes (X)SeparateBasisFinclStmtInd
FieldValueIRS element (for citing)
Audit CommitteeYes (1)AuditCommitteeInd
Federal Grant Audit Required0FederalGrantAuditRequiredInd

Schedule A IRS990ScheduleA

FieldValueIRS element (for citing)
Public Organization170Yes (X)PublicOrganization170Ind

Gifts Grants Contri Rcvd170 GiftsGrantsContriRcvd170Grp

FieldValueIRS element (for citing)
Current Tax Year Minus4 Years$5,658,378CurrentTaxYearMinus4YearsAmt
Current Tax Year Minus3 Years$5,821,001CurrentTaxYearMinus3YearsAmt
Current Tax Year Minus2 Years$6,034,977CurrentTaxYearMinus2YearsAmt
Current Tax Year Minus1 Year$6,102,687CurrentTaxYearMinus1YearAmt
Current Tax Year$6,501,903CurrentTaxYearAmt
Total$30,118,946TotalAmt

Total Calendar Year170 TotalCalendarYear170Grp

FieldValueIRS element (for citing)
Current Tax Year Minus4 Years$5,658,378CurrentTaxYearMinus4YearsAmt
Current Tax Year Minus3 Years$5,821,001CurrentTaxYearMinus3YearsAmt
Current Tax Year Minus2 Years$6,034,977CurrentTaxYearMinus2YearsAmt
Current Tax Year Minus1 Year$6,102,687CurrentTaxYearMinus1YearAmt
Current Tax Year$6,501,903CurrentTaxYearAmt
Total$30,118,946TotalAmt
FieldValueIRS element (for citing)
Substantial Contributors Tot$3,385,938SubstantialContributorsTotAmt
Public Support Total170$26,733,008PublicSupportTotal170Amt

Gross Investment Income170 GrossInvestmentIncome170Grp

FieldValueIRS element (for citing)
Current Tax Year Minus4 Years$3,143CurrentTaxYearMinus4YearsAmt
Current Tax Year Minus3 Years$21,393CurrentTaxYearMinus3YearsAmt
Current Tax Year Minus2 Years$98,572CurrentTaxYearMinus2YearsAmt
Current Tax Year Minus1 Year$51,561CurrentTaxYearMinus1YearAmt
Current Tax Year$243CurrentTaxYearAmt
Total$174,912TotalAmt

Other Income170 OtherIncome170Grp

FieldValueIRS element (for citing)
Current Tax Year Minus4 Years$356,834CurrentTaxYearMinus4YearsAmt
Current Tax Year Minus3 Years$84,100CurrentTaxYearMinus3YearsAmt
Current Tax Year Minus2 Years$150,256CurrentTaxYearMinus2YearsAmt
Current Tax Year Minus1 Year$63,000CurrentTaxYearMinus1YearAmt
Total$654,190TotalAmt
FieldValueIRS element (for citing)
Total Support$30,948,048TotalSupportAmt
Public Support CY1700.86380PublicSupportCY170Pct
Public Support PY1700.87340PublicSupportPY170Pct
Thirty Thr Pct Suprt Tests CY170Yes (X)ThirtyThrPctSuprtTestsCY170Ind

Schedule B IRS990ScheduleB

Contributor Information ContributorInformationGrp

FieldValueIRS element (for citing)
ContributorRESTRICTEDContributorNum

Contributor Business Name ContributorBusinessName

FieldValueIRS element (for citing)
Business Name Line1RESTRICTEDBusinessNameLine1

Contributor US Address ContributorUSAddress

FieldValueIRS element (for citing)
Address Line1RESTRICTEDAddressLine1
Address Line2RESTRICTEDAddressLine2
CityRESTRICTEDCity
StateRESTRICTEDState
ZIP CodeRESTRICTEDZIPCode
FieldValueIRS element (for citing)
Total ContributionsRESTRICTEDTotalContributionsAmt

Schedule D IRS990ScheduleD

Leasehold Improvements LeaseholdImprovementsGrp

FieldValueIRS element (for citing)
Other Cost Or Other Basis$608,465OtherCostOrOtherBasisAmt
Depreciation$497,739DepreciationAmt
Book Value$110,726BookValueAmt

Equipment EquipmentGrp

FieldValueIRS element (for citing)
Other Cost Or Other Basis$747,965OtherCostOrOtherBasisAmt
Depreciation$684,203DepreciationAmt
Book Value$63,762BookValueAmt
FieldValueIRS element (for citing)
Total Book Value Land Buildings$174,488TotalBookValueLandBuildingsAmt

Other Liabilities Org OtherLiabilitiesOrgGrp (2 entries)

DescDescAmtAmt
CAPITAL LEASE OBLIGATION$6,945
DEFERRED RENT$89,579
FieldValueIRS element (for citing)
Total Liability$96,524TotalLiabilityAmt
Footnote TextYes (X)FootnoteTextInd
Total Rev Etc Audited Fincl Stmt$6,517,295TotalRevEtcAuditedFinclStmtAmt
Donated Services And Use Fclts$15,149DonatedServicesAndUseFcltsAmt
Revenue Not Reported$15,149RevenueNotReportedAmt
Revenue Subtotal$6,502,146RevenueSubtotalAmt
Revenue Not Reported Fincl Stmt$0RevenueNotReportedFinclStmtAmt
Total Revenue Per Form990$6,502,146TotalRevenuePerForm990Amt
Tot Expns Etc Audited Fincl Stmt$6,374,983TotExpnsEtcAuditedFinclStmtAmt
Donated Services Use Fclts$15,149DonatedServicesUseFcltsAmt
Expenses Not Reported$15,149ExpensesNotReportedAmt
Expenses Subtotal$6,359,834ExpensesSubtotalAmt
Expenses Not Rpt Fincl Stmt$0ExpensesNotRptFinclStmtAmt
Total Expenses Per Form990$6,359,834TotalExpensesPerForm990Amt

Supplemental Information Detail SupplementalInformationDetail

FieldValueIRS element (for citing)
Form And Line ReferencePART X, LINE 2:FormAndLineReferenceDesc
ExplanationGREATER MSP'S ACCOUNTING POLICY PROVIDES THAT A TAX BENEFIT FROM AN UNCERTAIN TAX POSITION MAY BE RECOGNIZED WHEN IT IS MORE LIKELY THAN NOT THAT THE POSITION WILL BE SUSTAINED UPON EXAMINATION, INCLUDING RESOLUTIONS OF ANY RELATED APPEALS OR LITIGATION PROCESSES, BASED ON THE TECHNICAL MERITS. GREATER MSP HAS NO UNCERTAIN TAX POSITIONS RESULTING IN AN ACCRUAL OF TAX EXPENSE OR BENEFIT. GENERALLY, GREATER MSP IS NO LONGER SUBJECT TO INCOME TAX EXAMINATIONS BY THE U.S. FEDERAL, STATE AND LOCAL TAX AUTHORITIES FOR THE YEARS BEFORE 2019.ExplanationTxt

Schedule F IRS990ScheduleF

Account Activities Outside US AccountActivitiesOutsideUSGrp

FieldValueIRS element (for citing)
RegionNORTH AMERICARegionTxt
Offices0OfficesCnt
Employee1EmployeeCnt
Type Of Activities ConductedPROGRAM SERVICESTypeOfActivitiesConductedTxt
Specific Services ProvidedLEAD GENERATION & MKTSpecificServicesProvidedTxt
Region Total Expenditures$20,000RegionTotalExpendituresAmt
FieldValueIRS element (for citing)
Subtotal Offices0SubtotalOfficesCnt
Subtotal Employees1SubtotalEmployeesCnt
Continuation Total Office0ContinuationTotalOfficeCnt
Continuation Total Employee0ContinuationTotalEmployeeCnt
Total Office0TotalOfficeCnt
Total Employee1TotalEmployeeCnt
Subtotal Spent$20,000SubtotalSpentAmt
Continuation Spent$0ContinuationSpentAmt
Total Spent$20,000TotalSpentAmt
Transfer To Foreign Corp0TransferToForeignCorpInd
Interest In Foreign Trust0InterestInForeignTrustInd
Foreign Corp Ownership0ForeignCorpOwnershipInd
Passive Foreign Investmest Co0PassiveForeignInvestmestCoInd
Foreign Partnership0ForeignPartnershipInd
Boycott Countries0BoycottCountriesInd

Supplemental Information Detail SupplementalInformationDetail

FieldValueIRS element (for citing)
Form And Line ReferencePART III ACCOUNTING METHOD:FormAndLineReferenceDesc

Schedule J IRS990ScheduleJ

FieldValueIRS element (for citing)
Idemnification Gross Up PmtsYes (X)IdemnificationGrossUpPmtsInd
Club Dues Or FeesYes (X)ClubDuesOrFeesInd
Written Policy Ref T And E ExpnssYes (1)WrittenPolicyRefTAndEExpnssInd
Substantiation RequiredYes (1)SubstantiationRequiredInd
Compensation CommitteeYes (X)CompensationCommitteeInd
Independent ConsultantYes (X)IndependentConsultantInd
Form990 Of Other OrganizationsYes (X)Form990OfOtherOrganizationsInd
Compensation SurveyYes (X)CompensationSurveyInd
Board Or Committee ApprovalYes (X)BoardOrCommitteeApprovalInd
Severance Payment0SeverancePaymentInd
Supplemental Nonqual Rtr Plan0SupplementalNonqualRtrPlanInd
Equity Based Comp Arrngm0EquityBasedCompArrngmInd
Comp Based On Revenue Of Flng Org0CompBasedOnRevenueOfFlngOrgInd
Comp Bsd On Rev Related Orgs0CompBsdOnRevRelatedOrgsInd
Comp Bsd Net Earns Flng Org0CompBsdNetEarnsFlngOrgInd
Comp Bsd Net Earns Rltd Orgs0CompBsdNetEarnsRltdOrgsInd
Any Non Fixed Payments0AnyNonFixedPaymentsInd
Initial Contract Exception0InitialContractExceptionInd

Rltd Org Officer Trst Key Empl RltdOrgOfficerTrstKeyEmplGrp (8 entries)

TitleTitleTxtBase Compensation Filing OrgBaseCompensationFilingOrgAmtCompensation Based On Rltd OrgsCompensationBasedOnRltdOrgsAmtBonus Filing OrganizationBonusFilingOrganizationAmountBonus Related OrganizationsBonusRelatedOrganizationsAmtOther Compensation Filing OrgOtherCompensationFilingOrgAmtOther Compensation Rltd OrgsOtherCompensationRltdOrgsAmtDeferred Compensation Flng OrgDeferredCompensationFlngOrgAmtDeferred Comp Rltd OrgsDeferredCompRltdOrgsAmtNontaxable Benefits Filing OrgNontaxableBenefitsFilingOrgAmtNontaxable Benefits Rltd OrgsNontaxableBenefitsRltdOrgsAmtTotal Compensation Filing OrgTotalCompensationFilingOrgAmtTotal Compensation Rltd OrgsTotalCompensationRltdOrgsAmtComp Report Prior990 Filing OrgCompReportPrior990FilingOrgAmtComp Report Prior990 Rltd OrgsCompReportPrior990RltdOrgsAmt
PETER FROSCH
PRESIDENT & CEO$336,950$0$79,750$0$396$0$14,500$0$1,816$0$433,412$0$0$0
JOEL AKASON
SVP, BUSINESS INVESTMENT$190,255$0$77,800$0$396$0$10,996$0$26,351$0$305,798$0$0$0
CYDNI RICE
VICE PRESIDENT, OPERATIONS$189,919$0$38,000$0$396$0$11,663$0$26,943$0$266,921$0$0$0
MATTHEW LEWIS
VICE PRESIDENT, STRATEGIC INITIATIVE$194,267$0$38,000$0$396$0$11,663$0$1,000$0$245,326$0$0$0
AMANDA TAYLOR
VICE PRESIDENT, RESEARCH & INTELLIGE$153,841$0$22,700$0$0$0$9,444$0$32,507$0$218,492$0$0$0
JENNIFER M LINDEMER
DIRECTOR, ORGANIZATIONAL DEVELOPMENT$139,860$0$12,375$0$0$0$7,982$0$28,972$0$189,189$0$0$0
JOANNE BERKENKAMP
MANAGING DIRECTOR, MBOLD$153,932$0$13,975$0$0$0$4,854$0$1,647$0$174,408$0$0$0
PORTIA ROBERTERSON MIGAS
VP, REGIONAL MARKETING & COMMUNICATI$158,824$0$5,000$0$264$0$0$0$0$0$164,088$0$0$0

Supplemental Information Detail SupplementalInformationDetail

FieldValueIRS element (for citing)
Form And Line ReferencePART I, LINE 1AFormAndLineReferenceDesc
ExplanationGREATER MSP PAID FOR THE ANNUAL DUES OF THE CEO AND THE ORGANIZATION VICE PRESIDENTS TO THE MINNEAPOLIS CLUB (A BUSINESS CLUB). THIS BUSINESS CLUB HAS BEEN IDENTIFIED BY THE BOARD AS HAVING MEMBERS YIELDING TREMENDOUS LOCAL, NATIONAL AND GLOBAL IMPACT. THE PRIMARY PURPOSE OF THIS BUSINESS CLUB MEMBERSHIP IS TO CONDUCT BOARD AND COMMITTEE MEETING AND OTHER BUSINESS MEETINGS TO ADVANCE THE AGENDA OF GREATER MSP. ALL EXPENSES ARE SUBSTANTIATED AND EMPLOYEES REIMBURSE GREATER MSP FOR ALL NON-BUSINESS RELATED EXPENSES. THE CEO'S 2021 COMPENSATION INCLUDED A GROSS UP FOR THE ANNUAL PREMIUM FOR SUPPLEMENTAL LONG TERM DISABILITY AND SUPPLEMENTAL LIFE INSURANCE PER THE CEO'S EMPLOYMENT CONTRACT. THE ORGANIZATION'S VICE PRESIDENTS' 2021 COMPENSATION INCLUDED A GROSS UP FOR THE ANNUAL PREMIUM FOR SUPPLEMENTAL LIFE INSURANCE.ExplanationTxt

Schedule O IRS990ScheduleO

Supplemental Information Detail SupplementalInformationDetail (5 entries)

Form And Line ReferenceFormAndLineReferenceDescExplanationExplanationTxt
FORM 990, PART VI, SECTION A, LINE 2COMMISSIONER TONI CARTER, DIRECTOR AND MAYOR MELVIN CARTER, DIRECTOR - FAMILY RELATIONSHIP DOUG BAKER, DIRECTOR AND RAVI NORMAN, VICE CHAIR - BUSINESS RELATIONSHIP
FORM 990, PART VI, SECTION B, LINE 11BMANAGEMENT PREPARES THE FORM 990 WITH THE ASSISTANCE OF ITS INDEPENDENT ACCOUNTING FIRM. THE FINANCE AND AUDIT COMMITTEE OF THE BOARD REVIEWS AND APPROVES THE FORM 990. THE FORM 990 IS DISTRIBUTED TO THE BOARD OF DIRECTORS FOR THE THEIR REVIEW AND COMMENTS PRIOR TO ITS SUBMISSION.
FORM 990, PART VI, SECTION B, LINE 12CPER THE ORGANIZATION'S CONFLICT OF INTEREST POLICY, EACH BOARD MEMBER COMPLETES A CONFLICT OF INTEREST STATEMENT ON AN ANNUAL BASIS. ANNUAL STATEMENTS ARE REVIEWED BY MANAGEMENT AND OUR INDEPENDENT AUDITORS.
FORM 990, PART VI, SECTION B, LINE 15THE COMPENSATION OF THE CEO IS REVIEWED AND APPROVED BY THE EXECUTIVE COMMITTEE OF THE BOARD AND THE BOARD OF DIRECTORS. THE COMMITTEE USES EXTERNAL MARKET SURVEY DATA AND COMPARISON INFORMATION TO DETERMINE COMPENSATION FOR THE CEO. GREATER MSP USES EXTERNAL SURVEY DATA AND COMPENSATION INFORMATION TO DETERMINE COMPENSATION FOR ALL OTHER EMPLOYEES OF THE ORGANIZATION.
FORM 990, PART VI, SECTION C, LINE 19IN 2021 GREATER MSP MADE ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC UPON REQUEST.

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