MINNEAPOLIS - ST PAUL REGIONAL ECONOMIC DEVELOPMENT PARTNERSHIP: Form 990, tax year 2020

View the entire original 990 at ProPublica ↗

Organization
MINNEAPOLIS - ST PAUL REGIONAL ECONOMIC DEVELOPMENT PARTNERSHIP (EIN 27-4026636)
Tax period
2020-01-01 to 2020-12-31
Filed
2021-10-27
IRS object ID
202103009349300930
Schema version
2020v4.1
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)
Return2021-10-27T09:43:50-05:00ReturnTs
Tax Period End2020-12-31TaxPeriodEndDt

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 Line1801 NICOLLET MALL WEST TOWER STEAddressLine1Txt
Address Line21200AddressLine2Txt
CityMINNEAPOLISCityNm
State AbbreviationMNStateAbbreviationCd
ZIP554022526ZIPCd
FieldValueIRS element (for citing)
Return Type990ReturnTypeCd
Tax Period Begin2020-01-01TaxPeriodBeginDt

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 NO 1600AddressLine1Txt
CitySAINT PAULCityNm
State AbbreviationMNStateAbbreviationCd
ZIP55101ZIPCd

Business Officer BusinessOfficerGrp

FieldValueIRS element (for citing)
PersonPETER FROSCHPersonNm
Person TitlePRESIDENT & CEOPersonTitleTxt
Phone6512871365PhoneNum
Signature2021-10-20SignatureDt
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 PersonKACIE MCEWENPreparerPersonNm
PTINP01599614PTIN
Phone6123324300PhoneNum
Preparation2021-10-20PreparationDt

Additional Filer Information AdditionalFilerInformation

Trusted Customer TrustedCustomerGrp

FieldValueIRS element (for citing)
Trusted Customer2TrustedCustomerCd
Authentication Assurance LevelAAL1AuthenticationAssuranceLevelCd
Identity Assurance LevelIAL1IdentityAssuranceLevelCd
FieldValueIRS element (for citing)
Tax2020TaxYr
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 NO 1600AddressLine1Txt
CitySAINT PAULCityNm
State AbbreviationMNStateAbbreviationCd
ZIP55101ZIPCd
FieldValueIRS element (for citing)
Gross Receipts$6,217,248GrossReceiptsAmt
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 Body44VotingMembersGoverningBodyCnt
Voting Members Independent41VotingMembersIndependentCnt
Total Employee33TotalEmployeeCnt
Total Volunteers200TotalVolunteersCnt
Total Gross UBI$0TotalGrossUBIAmt
Net Unrelated Bus Txbl Incm$0NetUnrelatedBusTxblIncmAmt
PY Contributions Grants$6,034,977PYContributionsGrantsAmt
CY Contributions Grants$6,102,687CYContributionsGrantsAmt
PY Program Service Revenue$0PYProgramServiceRevenueAmt
CY Program Service Revenue$0CYProgramServiceRevenueAmt
PY Investment Income$39,542PYInvestmentIncomeAmt
CY Investment Income$30,554CYInvestmentIncomeAmt
PY Other Revenue$209,285PYOtherRevenueAmt
CY Other Revenue$84,007CYOtherRevenueAmt
PY Total Revenue$6,283,804PYTotalRevenueAmt
CY Total Revenue$6,217,248CYTotalRevenueAmt
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$3,080,056PYSalariesCompEmpBnftPaidAmt
CY Salaries Comp Emp Bnft Paid$3,253,947CYSalariesCompEmpBnftPaidAmt
PY Total Prof Fndrsng Expns$0PYTotalProfFndrsngExpnsAmt
CY Total Prof Fndrsng Expns$0CYTotalProfFndrsngExpnsAmt
CY Total Fundraising Expense$100,680CYTotalFundraisingExpenseAmt
PY Other Expenses$2,455,896PYOtherExpensesAmt
CY Other Expenses$2,228,836CYOtherExpensesAmt
PY Total Expenses$5,535,952PYTotalExpensesAmt
CY Total Expenses$5,482,783CYTotalExpensesAmt
PY Revenues Less Expenses$747,852PYRevenuesLessExpensesAmt
CY Revenues Less Expenses$734,465CYRevenuesLessExpensesAmt
Total Assets BOY$4,315,393TotalAssetsBOYAmt
Total Assets EOY$5,339,896TotalAssetsEOYAmt
Total Liabilities BOY$710,826TotalLiabilitiesBOYAmt
Total Liabilities EOY$1,000,864TotalLiabilitiesEOYAmt
Net Assets Or Fund Balances BOY$3,604,567NetAssetsOrFundBalancesBOYAmt
Net Assets Or Fund Balances EOY$4,339,032NetAssetsOrFundBalancesEOYAmt
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$4,254,417ExpenseAmt
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 OVER 200 ORGANIZATIONS INCLUDING FORTUNE 500 CORPORATIONS, UNIVERSITIES, COUNTIES, CITIES AND FOUNDATIONS. IN ADDITION, OUR PARTNERSHIP INCLUDES STARTUPS, TRIBAL GOVERNMENTS, ARTS ORGANIZATIONS, CHAMBERS OF COMMERCE, CIVIC GROUPS AND COMMUNITY-BASED NONPROFITS. 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. FROM 2011-2020, THE PARTNERSHIP CREATED MORE THAN 40,000 DIRECT JOBS THAT PAY ON AVERAGE $50,000/YEAR, WITH 30,000 ADDITIONAL JOBS CREATED INDIRECTLY. 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. WHILE RACIAL EQUITY AND INCLUSION WERE TENETS OF THE REGIONAL STRATEGY AND DRIVERS OF OUR EXECUTION PRIOR TO 2020, THE EVENTS OF THE PAST YEAR CREATED UNPRECEDENTED URGENCY AND COMMITMENT FROM OUR REGIONAL PARTNERSHIP TO ADDRESS DISPARITIES, AND TO MAKE HEADWAY FASTER AND ON A BROADER SCALE. GREATER MSP IS NOW WORKING WITH A WIDE-RANGING GROUP OF COMMUNITY STAKEHOLDERS AND LEARNING HOW TO TACKLE INEQUITIES IN A VERY DIFFERENT WAY-INCLUDING ENGAGING WITH AND SUPPORTING BLACK-LED COALITIONS AND BLACK-DESIGNED SOLUTIONS TO ADDRESS THE ROOT CAUSES OF THE PERSISTENT DISPARITIES IN HOUSEHOLD WEALTH, WAGES, EMPLOYMENT, AND HOUSING. 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)
DescTHE GREATER MSP PARTNERSHIP DELIVERED AGAINST MOST PLANNED 2020 OBJECTIVES DESPITE THE UNFORESEEN CHALLENGES OF COVID 19, AND ADDED MANY NEW PROJECTS TO MEET THE CHANGING NEEDS OF THE REGION. WE FINISHED 2020 IN A STRENGTHENED POSITION WITH AN EXPANDED WORKING PARTNERSHIP. THE GREATER MSP PARTNERSHIP IS HELPING LEAD THE REGION THROUGH THIS PERIOD OF ECONOMIC CONTRACTION. IN THE FACE OF UNPRECEDENTED CHALLENGES, AND IN RESPONSE TO AN INCREASE IN REQUESTS OF SUPPORT FROM THE REGION, GREATER MSP SUCCEEDED IN PRODUCING THE FOLLOWING RESULTS IN 2020:BUSINESS INVESTMENTAS A RESULT OF OUR EFFORTS, AND WORKING IN CONCERT WITH OUR REGIONAL PARTNERS, WE SUCCESSFULLY COMPLETED 12 PROJECTS THAT RESULTED IN 1,317 JOBS THAT PAY ON AVERAGE OVER $50,000 WITH BENEFITS. IN ADDITION, THE REGION BENEFITED FROM OVER $370 MILLION IN NEW CAPITAL INVESTMENT, CREATING JOBS IN SMALL AND LARGE BUSINESS CONSTRUCTION, ENGINEERING, TRANSPORTATION, ETC.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. GREATER MSP RESEARCH TEAM PARTNERED WITH TWIN CITIES BUSINESS MAGAZINE TO CONDUCT THIS FIRST ANNUAL WOMEN IN THE WORKPLACE SURVEY, IN CONJUNCTION WITH THE WOMEN IN LEADERSHIP CONFERENCE.WE ALSO PROVIDED CUSTOM OUTREACH TO EXECUTIVES AT 175 HIGH-GROWTH DIGITAL HEALTH COMPANIES AROUND THE WORLD TO MESSAGE REGIONAL LEADERSHIP IN POST-COVID-19 LANDSCAPE AND DELIVERED CUSTOMIZED BUSINESS LISTS TO NOTIFY CITIES AND COUNTIES (BLOOMINGTON, BROOKLYN CENTER, EDEN PRAIRIE, ST. LOUIS PARK, BURNSVILLE, DAKOTA COUNTY, AND RAMSEY COUNTY) BUSINESSES OF COVID RELIEF RESOURCES.REGIONAL ECONOMIC INDICATORS DASHBOARD - THE GREATER MSP REGION'S COMPETITIVENESS INDICATORS2020 MARKED THE SIXTH 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 RECOVERY HUBLAUNCHED THE MSP RECOVERY HUB AT GREATERMSP.ORG TO HELP LEADERS TRACK THE PACE OF OUR REGION'S ECONOMIC RECOVERY FROM COVID 19. THE MSP RECOVERY HUB IS AN ONLINE RESOURCE WITH REAL-TIME INFORMATION ON THE STATUS OF THE REGION'S ECONOMIC RECOVERY.REGIONAL STORYTELLINGGREATER MSP CONTINUED TO DEVELOP A VARIETY OF TOOLS AND VEHICLES TO BRAND AND MARKET THE GREATER MSP REGION, INCLUDING PROMOTIONAL VIDEO, AND DIGITAL ADVERTISING FOR THE GREATER MSP REGION THROUGH ONLINE BANNERS AND SEARCH ENGINE MARKETING. WE LAUNCHED THE INTEL BLOG AS PART OF THE GREATER MSP WEEKLY E-NEWSLETTER, REPORTING ON CRITICAL COVID-19 ECONOMIC CONDITIONS IN THE METRO. OVER 25 BLOG ARTICLES WERE WRITTEN IN 2020. STRATEGIC INITIATIVESIN ORDER TO ENSURE THAT THE REGION'S ECONOMIC DEVELOPMENT STRATEGY IS SUCCESSFUL, THE PARTNERSHIP IS TAKING ON UNIQUE INITIATIVES DRIVEN BY ENGAGED PARTNERS AND STAKEHOLDERS. HUNDREDS OF COLLABORATORS ARE UNITING TO WORK DIFFERENTLY, THINK OUTSIDE THE BOX, AND JOIN FORCES ON INITIATIVES AIMED AT ENSURING WE WIN IN THE ECONOMY OF BOTH TODAY AND TOMORROW. - MAKE IT. MSPMAKE IT. MSP BRINGS OUR REGION TOGETHER TO BETTER ATTRACT AND RETAIN TALENT. HUNDREDS OF PARTNERS, INCLUDING MANY OF THE REGION'S LARGEST EMPLOYERS, WORK IN TEAMS TO WELCOME NEWCOMERS, CONNECT PROFESSIONALS OF COLOR, GROW THE TECH WORKFORCE, AND ATTRACT RECENT GRADUATES. IN 2020, MAKE IT. MSP:- INVITED 6,000 TECH PROFESSIONALS AROUND THE U.S. TO CONSIDER A MOVE TO MSP DURING THE ALL-VIRTUAL TWIN CITIES STARTUP WEEK; - HOSTED A DIGITAL SUMMER INTERN EVENT, INVOLVING OVER 500 INTERNS IN 200 CITIES ACROSS THE U.S.; - SUPPORTED THE GROWTH OF 15 CULTURALLY SPECIFIC PROFESSIONAL ASSOCIATIONS INCLUDING NATIONAL BLACK MBAS. - FORGE NORTHLED BY A GROWING COALITION OF ENTREPRENEURS, INVESTORS, CORPORATE INNOVATORS, ENTREPRENEURIAL SUPPORT ORGANIZATIONS AND OTHERS, FORGE NORTH IS A MOVEMENT TO MAKE MINNEAPOLIS-SAINT PAUL THE BEST PLACE TO START AND SCALE VENTURES THAT BUILD WEALTH BY SOLVING GLOBAL CHALLENGES. FORGE NORTH LAUNCHED AS A NEW STRATEGIC INITIATIVE OF THE GREATER MSP PARTNERSHIP IN 2019, AND CONTINUED MOMENTUM INTO 2020. IN 2020, FORGE NORTH:- CONNECTED 5,000 CURRENT AND PROSPECTIVE ENTREPRENEURS TO RESOURCES VIA FORGE NORTH'S MSP STARTUP COMPASS AND COVID-19 RELIEF PAGE; - ADVANCED RACIAL EQUITY IN THE INNOVATION COMMUNITY WITH A BOLD NEW PLEDGE SIGNED BY 204 PARTNERS, AND LAUNCHED BIPOC FOUNDER-LED COHORTS OF INVESTORS AND STARTUP COMPANIES TAKING ACTION. - LAUNCHED THE DEMYSTIFYING VENTURE CAPITAL SERIES LED BY THE REGION'S MOST ACTIVE VENTURE CAPITAL FIRMS CONNECTING WITH MORE THAN 218 PEOPLE; - AS A LAUNCH MINNESOTA HUB, FORGE NORTH PARTNERS PROVIDED EDUCATION, 1:1 SUPPORT AND NETWORKING OPPORTUNITIES TO 2000+ INDIVIDUALS.- MBOLDTHE MBOLD COALITION IS LEADING THE WAY TO THE FUTURE OF FOOD FROM RIGHT HERE IN MINNESOTA. DRIVEN BY THE CEOS OF SOME OF THE WORLD'S LARGEST AND MOST INNOVATIVE FOOD & AGRICULTURE COMPANIES, MBOLD IS ACCELERATING SOLUTIONS TO THE WORLD'S MOST PRESSING FOOD AND AGRICULTURE CHALLENGES WHILE FUELING SUSTAINABILITY, INNOVATION, ENTREPRENEURSHIP AND TALENT ATTRACTION AND RETENTION. MBOLD LAUNCHED IN 2020, TO MAKE OUR REGION A GLOBAL HUB FOR SOLVING THE MOST CRITICAL FOOD & AGRICULTURE CHALLENGES OF THE 21ST CENTURY, INCLUDING GLOBAL-SCALE SOLUTIONS FOR MITIGATING CLIMATE CHANGE. - CONNEXTMSPOUR AMBITION FOR CONNEXTMSP IS TO ENSURE THAT YOUNG PROFESSIONALS OF COLOR ARE RECRUITED, HIRED, AND SUPPORTED BY LOCAL EMPLOYERS AS THEY ENTER THE WORKFORCE. CONNEXTMSP IS A PLATFORM WHERE A DIVERSE SET OF PEOPLE AND ORGANIZATIONS TO PARTNER IN REIMAGINING THE MSP REGION'S EARLY CAREER SYSTEM IN WAYS THAT CENTER THE EXPERIENCES OF YOUNG ADULTS JOINING THE CONNEXTMSP NETWORK, WHICH MIGRATED TO GREATER MSP IN 2020. OVER 2,000 BIPOC STUDENTS ACROSS THE REGION ARE BUILDING THEIR CAREERS THROUGH CONNEXTMSP, WHICH WILL PUBLICLY LAUNCH IN AUGUST 2021. - 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. THE GOAL OF THIS COLLABORATIVE PARTNERSHIP IS TO BETTER CONNECT THE MSP ECONOMY TO THE COUNTRY AND THE WORLD, ELEVATING ONE OF THE MOST IMPORTANT ECONOMIC ASSETS IN OUR REGION FROM GREAT TO GREATER. RASP HELPS TO ENSURE THE MSP AIRPORT CONTINUES TO SET THE STANDARD FOR EFFICIENCY, OPERATIONS, AND CUSTOMER EXPERIENCE. IN 2020, RASP STABILIZED THE MSP INTERNATIONAL AIRPORT AND THE TENS OF THOUSANDS OF JOBS IT CREATES BY WORKING WITH DELTA AND OTHER AIRLINES TO REBUILD AIR SERVICE. OTHER NOTABLE 2020 ACCOMPLISHMENTSWORKED TO SECURE A U.S. DEPARTMENT OF DEFENSE AWARD OF $260 MILLION IN PARTNERSHIP WITH THE UNIVERSITY OF MINNESOTA TO CREATE A NEW MANUFACTURING INNOVATION INSTITUTE SITED AT THE UNIVERSITY OF MINNESOTA.PARTNERED WITH THE MEDICAL ALLEY ASSOCIATION TO ENGAGE 50 FAST-GROWING HEALTH TECHNOLOGY COMPANIES IN CANADA, THE UNITED KINGDOM, THE NETHERLANDS AND THE NORDICS.QUALIFIED OUR REGION TO COMPETE FOR $1.5 BILLION OF COVID-19 PANDEMIC DISASTER RECOVERY FUNDING FROM THE U.S. ECONOMIC DEVELOPMENT ADMINISTRATION BY ADOPTING THE REGIONAL ECONOMIC FRAMEWORK IN PARTNERSHIP WITH MET COUNCIL AND THE CENTER FOR ECONOMIC INCLUSION.SUPPORTED COUNTY AND STATE COVID-19 CRISIS RESPONSE IN MARCH AND APRIL BY SECURING TEMPORARY CALL LOCATIONS FOR THE U.S. SBA TO SUPPORT SMALL BUSINESSES IN OUR REGION, LOCATIONS TO EXPAND MANUFACTURING PPE. EARNED ACCREDITED ECONOMIC DEVELOPMENT ORGANIZATION DESIGNATION FROM THE INTERNATIONAL ECONOMIC DEVELOPMENT ORGANIZATION.Desc
FieldValueIRS element (for citing)
Total Program Service Expenses$4,254,417TotalProgramServiceExpensesAmt
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 EntYes (1)BusinessRlnWith35CtrlEntInd
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 Document44IRPDocumentCnt
IRP Document W2 G0IRPDocumentW2GCnt
Backup Wthld ComplianceYes (1)BackupWthldComplianceInd
Employee33EmployeeCnt
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 Members44GoverningBodyVotingMembersCnt
Independent Voting Member41IndependentVotingMemberCnt
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 (55 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)$405,450$0$11,855
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
RICK KING
DIRECTOR0.50Yes (X)$0$0$0
VIRGINIA HUBBARD MORRIS
DIRECTOR (UNTIL 10/21/20)0.50Yes (X)$0$0$0
MIKE MCGUIRE
DIRECTOR0.50Yes (X)$0$0$0
PAT WALSH
DIRECTOR (UNTIL 8/31/20)0.50Yes (X)$0$0$0
PHILIP KAUFMAN
DIRECTOR0.50Yes (X)$0$0$0
RT RYBAK
DIRECTOR0.50Yes (X)$0$0$0
STEVE HOCKETT
DIRECTOR0.50Yes (X)$0$0$0
TIM MCGOUGH
DIRECTOR (UNTIL 10/27/20)0.50Yes (X)$0$0$0
MAYOR MELVIN CARTER
DIRECTOR0.50Yes (X)$0$0$0
MICHAEL J O'LEARY
DIRECTOR0.50Yes (X)$0$0$0
LAYSHA WARD
DIRECTOR0.50Yes (X)$0$0$0
MAYOR JACOB FREY
DIRECTOR0.50Yes (X)$0$0$0
COMMISSIONER MARION GREENE
DIRECTOR0.50Yes (X)$0$0$0
LAURA OBERST
DIRECTOR0.50Yes (X)$0$0$0
JULIE SULLIVAN
DIRECTOR0.50Yes (X)$0$0$0
JONATHAN NUDI
DIRECTOR0.50Yes (X)$0$0$0
JOHN STAUCH
DIRECTOR0.50Yes (X)$0$0$0
JOHN NAYLOR
DIRECTOR0.50Yes (X)$0$0$0
TODD SENGER
DIRECTOR0.50Yes (X)$0$0$0
AMY LANGER
DIRECTOR0.50Yes (X)$0$0$0
COMMISSIONER LISA WEIK
DIRECTOR0.50Yes (X)$0$0$0
DOUGLAS CARNIVAL
OF COUNSEL0.50Yes (X)$0$0$0
DOUGLAS BAKER JR
DIRECTOR0.50Yes (X)$0$0$0
DAVID SAGGAU
DIRECTOR0.50Yes (X)$0$0$0
ERIC JOLLY
DIRECTOR0.50Yes (X)$0$0$0
DAN JOHNSON
DIRECTOR0.50Yes (X)$0$0$0
CRAIG SAMITT
DIRECTOR0.50Yes (X)$0$0$0
COMMISSIONER SCOTT SCHULTE
DIRECTOR0.50Yes (X)$0$0$0
DAVID DINES
DIRECTOR0.50Yes (X)$0$0$0
COMMISSIONER KATHLEEN GAYLORD
DIRECTOR0.50Yes (X)$0$0$0
JAY LUND
DIRECTOR0.50Yes (X)$0$0$0
COMMISSIONER JON ULRICH
DIRECTOR0.50Yes (X)$0$0$0
CHRISTINE SOVEREIGN
DIRECTOR0.50Yes (X)$0$0$0
CAROL SURFACE
DIRECTOR0.50Yes (X)$0$0$0
BRETT CARTER
DIRECTOR0.50Yes (X)$0$0$0
BETH FORD
DIRECTOR0.50Yes (X)$0$0$0
AUDREY LUCAS
DIRECTOR0.50Yes (X)$0$0$0
ANDY BESSETTE
DIRECTOR0.50Yes (X)$0$0$0
ANDREA WALSH
DIRECTOR0.50Yes (X)$0$0$0
ALBERT J COLIANNI JR
DIRECTOR0.50Yes (X)$0$0$0
COMMISSIONER TONI CARTER
DIRECTOR0.50Yes (X)$0$0$0
JOAN GABEL
DIRECTOR0.50Yes (X)$0$0$0
MICHAEL JONES
DIRECTOR0.50Yes (X)$0$0$0
CYDNI RICE
VICE PRESIDENT, OPERATIONS40.00$192,496$0$33,920Yes (X)
JOEL AKASON
SVP, BUSINESS INVESTMENT40.00$222,875$0$35,306Yes (X)
MATTHEW LEWIS
VICE PRESIDENT, STRATEGIC INITIATIVES40.00$219,146$0$10,937Yes (X)
AMANDA TAYLOR
VICE PRESIDENT, RESEARCH & INTELLIGENCE40.00$155,860$0$31,676Yes (X)
JENNIFER M LINDEMER
DIRECTOR, ORGANIZATIONAL DEVELOPMENT40.00$126,023$0$28,346Yes (X)
JOANNE BERKENKAMP
MANAGING DIRECTOR, MBOLD40.00$142,889$0$9,350Yes (X)
ANDERS G VICTOR
DIRECTOR, BUSINESS INVESTMENT40.00$102,680$0$10,687Yes (X)
TIFFANY ORTH
DIRECTOR OF OPERATIONS, STRATEGIC INITIATIVES40.00$105,925$0$11,149Yes (X)
FieldValueIRS element (for citing)
Total Reportable Comp From Org$1,673,344TotalReportableCompFromOrgAmt
Tot Reportable Comp Rltd Org$0TotReportableCompRltdOrgAmt
Total Other Compensation$183,226TotalOtherCompensationAmt
Indiv Rcvd Greater Than100 K9IndivRcvdGreaterThan100KCnt
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 Line1SALO LLCBusinessNameLine1Txt

Contractor Address ContractorAddress

US Address USAddress

FieldValueIRS element (for citing)
Address Line120 SOUTH 13TH STREET SUITE 200AddressLine1Txt
CityMINNEAPOLISCityNm
State AbbreviationMNStateAbbreviationCd
ZIP55403ZIPCd
FieldValueIRS element (for citing)
ServicesCONSULTING/CONTRACTING FEESServicesDesc
Compensation$167,250CompensationAmt
FieldValueIRS element (for citing)
Cntrct Rcvd Greater Than100 K1CntrctRcvdGreaterThan100KCnt
Government Grants$412,127GovernmentGrantsAmt
All Other Contributions$5,690,560AllOtherContributionsAmt
Total Contributions$6,102,687TotalContributionsAmt

Investment Income InvestmentIncomeGrp

FieldValueIRS element (for citing)
Total Revenue Column$30,554TotalRevenueColumnAmt
Exclusion$30,554ExclusionAmt

Royalties Revenue RoyaltiesRevenueGrp

FieldValueIRS element (for citing)
Total Revenue Column$21,007TotalRevenueColumnAmt
Exclusion$21,007ExclusionAmt

Other Revenue Misc OtherRevenueMiscGrp

FieldValueIRS element (for citing)
DescSPONSORSHIP REVENUEDesc
Business900099BusinessCd
Total Revenue Column$63,000TotalRevenueColumnAmt
Exclusion$63,000ExclusionAmt
FieldValueIRS element (for citing)
Other Revenue Total$63,000OtherRevenueTotalAmt

Total Revenue TotalRevenueGrp

FieldValueIRS element (for citing)
Total Revenue Column$6,217,248TotalRevenueColumnAmt
Related Or Exempt Func Income$0RelatedOrExemptFuncIncomeAmt
Unrelated Business Revenue$0UnrelatedBusinessRevenueAmt
Exclusion$114,561ExclusionAmt

Comp Current Ofcr Directors CompCurrentOfcrDirectorsGrp

FieldValueIRS element (for citing)
Total$1,323,945TotalAmt
Program Services$1,026,467ProgramServicesAmt
Management And General$224,708ManagementAndGeneralAmt
Fundraising$72,770FundraisingAmt

Other Salaries And Wages OtherSalariesAndWagesGrp

FieldValueIRS element (for citing)
Total$1,576,247TotalAmt
Program Services$1,166,100ProgramServicesAmt
Management And General$400,503ManagementAndGeneralAmt
Fundraising$9,644FundraisingAmt

Pension Plan Contributions PensionPlanContributionsGrp

FieldValueIRS element (for citing)
Total$61,753TotalAmt
Program Services$40,142ProgramServicesAmt
Management And General$19,585ManagementAndGeneralAmt
Fundraising$2,026FundraisingAmt

Other Employee Benefits OtherEmployeeBenefitsGrp

FieldValueIRS element (for citing)
Total$128,234TotalAmt
Program Services$75,576ProgramServicesAmt
Management And General$46,792ManagementAndGeneralAmt
Fundraising$5,866FundraisingAmt

Payroll Taxes PayrollTaxesGrp

FieldValueIRS element (for citing)
Total$163,768TotalAmt
Program Services$128,543ProgramServicesAmt
Management And General$30,923ManagementAndGeneralAmt
Fundraising$4,302FundraisingAmt

Fees For Services Legal FeesForServicesLegalGrp

FieldValueIRS element (for citing)
Total$25,710TotalAmt
Management And General$25,710ManagementAndGeneralAmt

Fees For Services Accounting FeesForServicesAccountingGrp

FieldValueIRS element (for citing)
Total$122,760TotalAmt
Management And General$122,760ManagementAndGeneralAmt

Fees For Services Other FeesForServicesOtherGrp

FieldValueIRS element (for citing)
Total$271,545TotalAmt
Program Services$165,549ProgramServicesAmt
Management And General$105,496ManagementAndGeneralAmt
Fundraising$500FundraisingAmt

Advertising AdvertisingGrp

FieldValueIRS element (for citing)
Total$801,975TotalAmt
Program Services$801,975ProgramServicesAmt

Office Expenses OfficeExpensesGrp

FieldValueIRS element (for citing)
Total$21,242TotalAmt
Program Services$17,866ProgramServicesAmt
Management And General$3,162ManagementAndGeneralAmt
Fundraising$214FundraisingAmt

Information Technology InformationTechnologyGrp

FieldValueIRS element (for citing)
Total$53,167TotalAmt
Program Services$21,185ProgramServicesAmt
Management And General$31,982ManagementAndGeneralAmt

Occupancy OccupancyGrp

FieldValueIRS element (for citing)
Total$159,577TotalAmt
Program Services$121,150ProgramServicesAmt
Management And General$35,991ManagementAndGeneralAmt
Fundraising$2,436FundraisingAmt

Travel TravelGrp

FieldValueIRS element (for citing)
Total$17,636TotalAmt
Program Services$16,804ProgramServicesAmt
Management And General$832ManagementAndGeneralAmt

Conferences Meetings ConferencesMeetingsGrp

FieldValueIRS element (for citing)
Total$36,949TotalAmt
Program Services$22,999ProgramServicesAmt
Management And General$13,950ManagementAndGeneralAmt

Interest InterestGrp

FieldValueIRS element (for citing)
Total$909TotalAmt
Program Services$765ProgramServicesAmt
Management And General$135ManagementAndGeneralAmt
Fundraising$9FundraisingAmt

Depreciation Depletion DepreciationDepletionGrp

FieldValueIRS element (for citing)
Total$91,172TotalAmt
Program Services$73,333ProgramServicesAmt
Management And General$16,708ManagementAndGeneralAmt
Fundraising$1,131FundraisingAmt

Insurance InsuranceGrp

FieldValueIRS element (for citing)
Total$22,094TotalAmt
Program Services$22,094ProgramServicesAmt

Other Expenses OtherExpensesGrp (3 entries)

DescDescTotalTotalAmtProgram ServicesProgramServicesAmtManagement And GeneralManagementAndGeneralAmtFundraisingFundraisingAmt
DUES AND SUBSCRIPTIONS$127,046$118,742$7,778$526
SPONSORSHIPS$60,910$60,910
PROFESSIONAL DEVELOPMEN$10,001$2,451$7,071$479

All Other Expenses AllOtherExpensesGrp

FieldValueIRS element (for citing)
Total$406,143TotalAmt
Program Services$371,766ProgramServicesAmt
Management And General$33,600ManagementAndGeneralAmt
Fundraising$777FundraisingAmt

Total Functional Expenses TotalFunctionalExpensesGrp

FieldValueIRS element (for citing)
Total$5,482,783TotalAmt
Program Services$4,254,417ProgramServicesAmt
Management And General$1,127,686ManagementAndGeneralAmt
Fundraising$100,680FundraisingAmt

Cash Non Interest Bearing CashNonInterestBearingGrp

FieldValueIRS element (for citing)
BOY$49,049BOYAmt
EOY$1,882,616EOYAmt

Savings And Temp Cash Invst SavingsAndTempCashInvstGrp

FieldValueIRS element (for citing)
BOY$2,901,974BOYAmt
EOY$2,531,658EOYAmt

Pledges And Grants Receivable PledgesAndGrantsReceivableGrp

FieldValueIRS element (for citing)
BOY$1,038,141BOYAmt
EOY$589,865EOYAmt

Accounts Receivable AccountsReceivableGrp

FieldValueIRS element (for citing)
BOY$18BOYAmt
EOY$401EOYAmt

Prepaid Expenses Defrd Charges PrepaidExpensesDefrdChargesGrp

FieldValueIRS element (for citing)
BOY$32,084BOYAmt
EOY$127,108EOYAmt
FieldValueIRS element (for citing)
Land Bldg Equip Cost Or Other Bss$1,301,492LandBldgEquipCostOrOtherBssAmt
Land Bldg Equip Accum Deprec$1,104,969LandBldgEquipAccumDeprecAmt

Land Bldg Equip Basis Net LandBldgEquipBasisNetGrp

FieldValueIRS element (for citing)
BOY$279,727BOYAmt
EOY$196,523EOYAmt

Intangible Assets IntangibleAssetsGrp

FieldValueIRS element (for citing)
BOY$14,400BOYAmt
EOY$11,725EOYAmt

Total Assets TotalAssetsGrp

FieldValueIRS element (for citing)
BOY$4,315,393BOYAmt
EOY$5,339,896EOYAmt

Accounts Payable Accr Expnss AccountsPayableAccrExpnssGrp

FieldValueIRS element (for citing)
BOY$387,259BOYAmt
EOY$607,749EOYAmt

Deferred Revenue DeferredRevenueGrp

FieldValueIRS element (for citing)
BOY$130,447BOYAmt
EOY$247,100EOYAmt

Other Liabilities OtherLiabilitiesGrp

FieldValueIRS element (for citing)
BOY$193,120BOYAmt
EOY$146,015EOYAmt

Total Liabilities TotalLiabilitiesGrp

FieldValueIRS element (for citing)
BOY$710,826BOYAmt
EOY$1,000,864EOYAmt
FieldValueIRS element (for citing)
Organization Follows FASB117Yes (X)OrganizationFollowsFASB117Ind

No Donor Restriction Net Assets NoDonorRestrictionNetAssetsGrp

FieldValueIRS element (for citing)
BOY$2,619,242BOYAmt
EOY$3,370,816EOYAmt

Donor Restriction Net Assets DonorRestrictionNetAssetsGrp

FieldValueIRS element (for citing)
BOY$985,325BOYAmt
EOY$968,216EOYAmt

Total Net Assets Fund Balance TotalNetAssetsFundBalanceGrp

FieldValueIRS element (for citing)
BOY$3,604,567BOYAmt
EOY$4,339,032EOYAmt

Tot Liab Net Assets Fund Balance TotLiabNetAssetsFundBalanceGrp

FieldValueIRS element (for citing)
BOY$4,315,393BOYAmt
EOY$5,339,896EOYAmt
FieldValueIRS element (for citing)
Reconcilation Revenue Expnss$734,465ReconcilationRevenueExpnssAmt
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$5,630,371CurrentTaxYearMinus4YearsAmt
Current Tax Year Minus3 Years$5,658,378CurrentTaxYearMinus3YearsAmt
Current Tax Year Minus2 Years$5,821,001CurrentTaxYearMinus2YearsAmt
Current Tax Year Minus1 Year$6,034,977CurrentTaxYearMinus1YearAmt
Current Tax Year$6,102,687CurrentTaxYearAmt
Total$29,247,414TotalAmt

Total Calendar Year170 TotalCalendarYear170Grp

FieldValueIRS element (for citing)
Current Tax Year Minus4 Years$5,630,371CurrentTaxYearMinus4YearsAmt
Current Tax Year Minus3 Years$5,658,378CurrentTaxYearMinus3YearsAmt
Current Tax Year Minus2 Years$5,821,001CurrentTaxYearMinus2YearsAmt
Current Tax Year Minus1 Year$6,034,977CurrentTaxYearMinus1YearAmt
Current Tax Year$6,102,687CurrentTaxYearAmt
Total$29,247,414TotalAmt
FieldValueIRS element (for citing)
Substantial Contributors Tot$2,653,320SubstantialContributorsTotAmt
Public Support Total170$26,594,094PublicSupportTotal170Amt

Gross Investment Income170 GrossInvestmentIncome170Grp

FieldValueIRS element (for citing)
Current Tax Year Minus4 Years$2,742CurrentTaxYearMinus4YearsAmt
Current Tax Year Minus3 Years$3,143CurrentTaxYearMinus3YearsAmt
Current Tax Year Minus2 Years$21,393CurrentTaxYearMinus2YearsAmt
Current Tax Year Minus1 Year$98,572CurrentTaxYearMinus1YearAmt
Current Tax Year$51,561CurrentTaxYearAmt
Total$177,411TotalAmt

Other Income170 OtherIncome170Grp

FieldValueIRS element (for citing)
Current Tax Year Minus4 Years$369,225CurrentTaxYearMinus4YearsAmt
Current Tax Year Minus3 Years$356,834CurrentTaxYearMinus3YearsAmt
Current Tax Year Minus2 Years$84,100CurrentTaxYearMinus2YearsAmt
Current Tax Year Minus1 Year$150,256CurrentTaxYearMinus1YearAmt
Current Tax Year$63,000CurrentTaxYearAmt
Total$1,023,415TotalAmt
FieldValueIRS element (for citing)
Total Support$30,448,240TotalSupportAmt
Public Support CY1700.87340PublicSupportCY170Pct
Public Support PY1700.88070PublicSupportPY170Pct
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$442,376DepreciationAmt
Book Value$166,089BookValueAmt

Equipment EquipmentGrp

FieldValueIRS element (for citing)
Other Cost Or Other Basis$693,027OtherCostOrOtherBasisAmt
Depreciation$662,593DepreciationAmt
Book Value$30,434BookValueAmt
FieldValueIRS element (for citing)
Total Book Value Land Buildings$196,523TotalBookValueLandBuildingsAmt

Other Liabilities Org OtherLiabilitiesOrgGrp (2 entries)

DescDescAmtAmt
CAPITAL LEASE OBLIGATION$14,893
DEFERRED RENT$131,122
FieldValueIRS element (for citing)
Total Liability$146,015TotalLiabilityAmt
Footnote TextYes (X)FootnoteTextInd
Total Rev Etc Audited Fincl Stmt$6,272,463TotalRevEtcAuditedFinclStmtAmt
Donated Services And Use Fclts$55,215DonatedServicesAndUseFcltsAmt
Revenue Not Reported$55,215RevenueNotReportedAmt
Revenue Subtotal$6,217,248RevenueSubtotalAmt
Revenue Not Reported Fincl Stmt$0RevenueNotReportedFinclStmtAmt
Total Revenue Per Form990$6,217,248TotalRevenuePerForm990Amt
Tot Expns Etc Audited Fincl Stmt$5,537,998TotExpnsEtcAuditedFinclStmtAmt
Donated Services Use Fclts$55,215DonatedServicesUseFcltsAmt
Expenses Not Reported$55,215ExpensesNotReportedAmt
Expenses Subtotal$5,482,783ExpensesSubtotalAmt
Expenses Not Rpt Fincl Stmt$0ExpensesNotRptFinclStmtAmt
Total Expenses Per Form990$5,482,783TotalExpensesPerForm990Amt

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.ExplanationTxt

Schedule F IRS990ScheduleF

Account Activities Outside US AccountActivitiesOutsideUSGrp

FieldValueIRS element (for citing)
RegionNORTH AMERICA - CANADA AND MEXICO, BUT NOT THE UNITED STATESRegionTxt
Offices0OfficesCnt
Employee1EmployeeCnt
Type Of Activities ConductedPROGRAM SERVICESTypeOfActivitiesConductedTxt
Specific Services ProvidedLEAD GENERATION & MKTSpecificServicesProvidedTxt
Region Total Expenditures$20,736RegionTotalExpendituresAmt
FieldValueIRS element (for citing)
Subtotal Offices0SubtotalOfficesCnt
Subtotal Employees1SubtotalEmployeesCnt
Continuation Total Office0ContinuationTotalOfficeCnt
Continuation Total Employee0ContinuationTotalEmployeeCnt
Total Office0TotalOfficeCnt
Total Employee1TotalEmployeeCnt
Subtotal Spent$20,736SubtotalSpentAmt
Continuation Spent$0ContinuationSpentAmt
Total Spent$20,736TotalSpentAmt
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
Written Employment ContractYes (X)WrittenEmploymentContractInd
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 (7 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$327,554$0$77,500$0$396$0$10,375$0$1,791$0$417,616$0$0$0
JOEL AKASON
SVP, BUSINESS INVESTMENT$183,969$0$38,510$0$396$0$10,400$0$24,906$0$258,181$0$0$0
MATTHEW LEWIS
VICE PRESIDENT, STRATEGIC INITIATIVE$185,500$0$33,250$0$396$0$10,937$0$0$0$230,083$0$0$0
CYDNI RICE
VICE PRESIDENT, OPERATIONS$181,850$0$10,250$0$396$0$9,959$0$27,180$0$229,635$0$0$0
AMANDA TAYLOR
VICE PRESIDENT, RESEARCH & INTELLIGE$142,010$0$13,850$0$0$0$8,159$0$24,411$0$188,430$0$0$0
JENNIFER M LINDEMER
DIRECTOR, ORGANIZATIONAL DEVELOPMENT$119,773$0$6,250$0$0$0$5,963$0$22,611$0$154,597$0$0$0
JOANNE BERKENKAMP
MANAGING DIRECTOR, MBOLD$137,479$0$5,410$0$0$0$7,268$0$2,934$0$153,091$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 NO-BUSINESS RELATED EXPENSES. THE CEO'S 2020 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' 2020 COMPENSATION INCLUDED A GROSS UP FOR THE ANNUAL PREMIUM FOR SUPPLEMENTAL LIFE INSURANCE.ExplanationTxt

Schedule L IRS990ScheduleL

Bus Tr Involve Interested Prsn BusTrInvolveInterestedPrsnGrp (2 entries)

Relationship DescriptionRelationshipDescriptionTxtTransactionTransactionAmtTransactionTransactionDescSharing Of RevenuesSharingOfRevenuesInd
SALO LLC
DIRECTOR AMY LANGER IS CO-FOUNDER OF SALO, LLC$167,250CONSULTING/CONTRACTING FEES0
HEALTHPARTNERS
DIRECTOR ANDREA WALSH IS CEO OF HEALTHPARTNERS$201,457HEALTH INSURANCE PROVIDER0

Supplemental Information Detail SupplementalInformationDetail

FieldValueIRS element (for citing)
Form And Line ReferenceSCHEDULE L, PART IVFormAndLineReferenceDesc
ExplanationIN THE ORDINARY COURSE OF BUSINESS, GREATER MSP WAS A PARTY TO TRANSACTIONS WITH THE ABOVE LISTED COMPANIES WHOSE EXECUTIVES ARE MEMBERS OF THE GREATER MSP BOARD OF DIRECTORS. ALL BUSINESS TRANSACTIONS WERE CONDUCTED AT ARM'S LENGTH AND AT FAIR MARKET VALUE.ExplanationTxt

Schedule O IRS990ScheduleO

Supplemental Information Detail SupplementalInformationDetail (6 entries)

Form And Line ReferenceFormAndLineReferenceDescExplanationExplanationTxt
FORM 990, PART I, ITEM CDBA: GREATER MSP
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 2020 GREATER MSP MADE ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC UPON REQUEST.

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