2021-10-27T09:43:50-05:00 2020-12-31 420714325 RSM US LLP 801 NICOLLET MALL WEST TOWER STE 1200 MINNEAPOLIS MN 554022526 990 2020-01-01 274026636 MINNEAPOLIS SAINT PAUL REGIONAL ECONOMIC DEVELOPMENT PARTNERSHIP MINN 6512871365 400 ROBERT ST NORTH NO 1600 SAINT PAUL MN 55101 PETER FROSCH PRESIDENT & CEO 6512871365 2021-10-20 1 PETER FROSCH 999009999 KACIE MCEWEN P01599614 6123324300 2021-10-20 2 AAL1 IAL1 2020 2022-09-23 18:48:47Z GREATER MSP PETER FROSCH 400 ROBERT ST NORTH NO 1600 SAINT PAUL MN 55101 6217248 0 X WWW.GREATERMSP.ORG X 2010 MN THE 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. 44 41 33 200 0 0 6034977 6102687 0 0 39542 30554 209285 84007 6283804 6217248 0 0 0 0 3080056 3253947 0 0 100680 2455896 2228836 5535952 5482783 747852 734465 4315393 5339896 710826 1000864 3604567 4339032 X THE 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. 0 0 4254417 GREATER 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 | TRANSPARENCY THE 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. 4254417 1 1 0 0 0 0 0 0 0 0 1 0 0 0 1 1 1 0 0 1 1 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 1 44 0 1 33 1 0 0 0 0 0 0 0 0 0 0 0 0 X 44 41 1 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 MN X SAMUEL MORANTZ 6512871365 400 ROBERT ST NORTH NO 1600 SAINT PAUL MN 55101 PETER FROSCH PRESIDENT & CEO 40.00 X X 405450 0 11855 TIMOTHY A WELSH CHAIRMAN 1.00 X X 0 0 0 RAVI NORMAN VICE CHAIR 0.50 X X 0 0 0 DENNIS DAHLEN TREASURER 0.50 X X 0 0 0 RICK KING DIRECTOR 0.50 X 0 0 0 VIRGINIA HUBBARD MORRIS DIRECTOR (UNTIL 10/21/20) 0.50 X 0 0 0 MIKE MCGUIRE DIRECTOR 0.50 X 0 0 0 PAT WALSH DIRECTOR (UNTIL 8/31/20) 0.50 X 0 0 0 PHILIP KAUFMAN DIRECTOR 0.50 X 0 0 0 RT RYBAK DIRECTOR 0.50 X 0 0 0 STEVE HOCKETT DIRECTOR 0.50 X 0 0 0 TIM MCGOUGH DIRECTOR (UNTIL 10/27/20) 0.50 X 0 0 0 MAYOR MELVIN CARTER DIRECTOR 0.50 X 0 0 0 MICHAEL J O'LEARY DIRECTOR 0.50 X 0 0 0 LAYSHA WARD DIRECTOR 0.50 X 0 0 0 MAYOR JACOB FREY DIRECTOR 0.50 X 0 0 0 COMMISSIONER MARION GREENE DIRECTOR 0.50 X 0 0 0 LAURA OBERST DIRECTOR 0.50 X 0 0 0 JULIE SULLIVAN DIRECTOR 0.50 X 0 0 0 JONATHAN NUDI DIRECTOR 0.50 X 0 0 0 JOHN STAUCH DIRECTOR 0.50 X 0 0 0 JOHN NAYLOR DIRECTOR 0.50 X 0 0 0 TODD SENGER DIRECTOR 0.50 X 0 0 0 AMY LANGER DIRECTOR 0.50 X 0 0 0 COMMISSIONER LISA WEIK DIRECTOR 0.50 X 0 0 0 DOUGLAS CARNIVAL OF COUNSEL 0.50 X 0 0 0 DOUGLAS BAKER JR DIRECTOR 0.50 X 0 0 0 DAVID SAGGAU DIRECTOR 0.50 X 0 0 0 ERIC JOLLY DIRECTOR 0.50 X 0 0 0 DAN JOHNSON DIRECTOR 0.50 X 0 0 0 CRAIG SAMITT DIRECTOR 0.50 X 0 0 0 COMMISSIONER SCOTT SCHULTE DIRECTOR 0.50 X 0 0 0 DAVID DINES DIRECTOR 0.50 X 0 0 0 COMMISSIONER KATHLEEN GAYLORD DIRECTOR 0.50 X 0 0 0 JAY LUND DIRECTOR 0.50 X 0 0 0 COMMISSIONER JON ULRICH DIRECTOR 0.50 X 0 0 0 CHRISTINE SOVEREIGN DIRECTOR 0.50 X 0 0 0 CAROL SURFACE DIRECTOR 0.50 X 0 0 0 BRETT CARTER DIRECTOR 0.50 X 0 0 0 BETH FORD DIRECTOR 0.50 X 0 0 0 AUDREY LUCAS DIRECTOR 0.50 X 0 0 0 ANDY BESSETTE DIRECTOR 0.50 X 0 0 0 ANDREA WALSH DIRECTOR 0.50 X 0 0 0 ALBERT J COLIANNI JR DIRECTOR 0.50 X 0 0 0 COMMISSIONER TONI CARTER DIRECTOR 0.50 X 0 0 0 JOAN GABEL DIRECTOR 0.50 X 0 0 0 MICHAEL JONES DIRECTOR 0.50 X 0 0 0 CYDNI RICE VICE PRESIDENT, OPERATIONS 40.00 X 192496 0 33920 JOEL AKASON SVP, BUSINESS INVESTMENT 40.00 X 222875 0 35306 MATTHEW LEWIS VICE PRESIDENT, STRATEGIC INITIATIVES 40.00 X 219146 0 10937 AMANDA TAYLOR VICE PRESIDENT, RESEARCH & INTELLIGENCE 40.00 X 155860 0 31676 JENNIFER M LINDEMER DIRECTOR, ORGANIZATIONAL DEVELOPMENT 40.00 X 126023 0 28346 JOANNE BERKENKAMP MANAGING DIRECTOR, MBOLD 40.00 X 142889 0 9350 ANDERS G VICTOR DIRECTOR, BUSINESS INVESTMENT 40.00 X 102680 0 10687 TIFFANY ORTH DIRECTOR OF OPERATIONS, STRATEGIC INITIATIVES 40.00 X 105925 0 11149 1673344 0 183226 9 0 1 0 SALO LLC 20 SOUTH 13TH STREET SUITE 200 MINNEAPOLIS MN 55403 CONSULTING/CONTRACTING FEES 167250 1 412127 5690560 6102687 30554 30554 21007 21007 SPONSORSHIP REVENUE 900099 63000 63000 63000 6217248 0 0 114561 1323945 1026467 224708 72770 1576247 1166100 400503 9644 61753 40142 19585 2026 128234 75576 46792 5866 163768 128543 30923 4302 25710 25710 122760 122760 271545 165549 105496 500 801975 801975 21242 17866 3162 214 53167 21185 31982 159577 121150 35991 2436 17636 16804 832 36949 22999 13950 909 765 135 9 91172 73333 16708 1131 22094 22094 DUES AND SUBSCRIPTIONS 127046 118742 7778 526 SPONSORSHIPS 60910 60910 PROFESSIONAL DEVELOPMEN 10001 2451 7071 479 406143 371766 33600 777 5482783 4254417 1127686 100680 49049 1882616 2901974 2531658 1038141 589865 18 401 32084 127108 1301492 1104969 279727 196523 14400 11725 4315393 5339896 387259 607749 130447 247100 193120 146015 710826 1000864 X 2619242 3370816 985325 968216 3604567 4339032 4315393 5339896 734465 0 X 0 1 X 1 0 X 5630371 5658378 5821001 6034977 6102687 29247414 5630371 5658378 5821001 6034977 6102687 29247414 2653320 26594094 2742 3143 21393 98572 51561 177411 369225 356834 84100 150256 63000 1023415 30448240 0.87340 0.88070 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 608465 442376 166089 693027 662593 30434 196523 CAPITAL LEASE OBLIGATION 14893 DEFERRED RENT 131122 146015 X 6272463 55215 55215 6217248 0 6217248 5537998 55215 55215 5482783 0 5482783 PART X, LINE 2: GREATER 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. NORTH AMERICA - CANADA AND MEXICO, BUT NOT THE UNITED STATES 0 1 PROGRAM SERVICES LEAD GENERATION & MKT 20736 0 1 0 0 0 1 20736 0 20736 0 0 0 0 0 0 PART III ACCOUNTING METHOD: X X 1 1 X X X X X X 0 0 0 0 0 0 0 0 0 PETER FROSCH PRESIDENT & CEO 327554 0 77500 0 396 0 10375 0 1791 0 417616 0 0 0 JOEL AKASON SVP, BUSINESS INVESTMENT 183969 0 38510 0 396 0 10400 0 24906 0 258181 0 0 0 MATTHEW LEWIS VICE PRESIDENT, STRATEGIC INITIATIVE 185500 0 33250 0 396 0 10937 0 0 0 230083 0 0 0 CYDNI RICE VICE PRESIDENT, OPERATIONS 181850 0 10250 0 396 0 9959 0 27180 0 229635 0 0 0 AMANDA TAYLOR VICE PRESIDENT, RESEARCH & INTELLIGE 142010 0 13850 0 0 0 8159 0 24411 0 188430 0 0 0 JENNIFER M LINDEMER DIRECTOR, ORGANIZATIONAL DEVELOPMENT 119773 0 6250 0 0 0 5963 0 22611 0 154597 0 0 0 JOANNE BERKENKAMP MANAGING DIRECTOR, MBOLD 137479 0 5410 0 0 0 7268 0 2934 0 153091 0 0 0 PART I, LINE 1A GREATER 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. SALO LLC DIRECTOR AMY LANGER IS CO-FOUNDER OF SALO, LLC 167250 CONSULTING/CONTRACTING FEES 0 HEALTHPARTNERS DIRECTOR ANDREA WALSH IS CEO OF HEALTHPARTNERS 201457 HEALTH INSURANCE PROVIDER 0 SCHEDULE L, PART IV IN 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. FORM 990, PART I, ITEM C DBA: GREATER MSP FORM 990, PART VI, SECTION A, LINE 2 COMMISSIONER 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 11B MANAGEMENT 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 12C PER 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 15 THE 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 19 IN 2020 GREATER MSP MADE ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC UPON REQUEST.