MINNEAPOLIS - ST PAUL REGIONAL ECONOMIC DEVELOPMENT PARTNERSHIP: Form 990, tax year 2024
View the entire original 990 at ProPublica ↗
- Organization
- MINNEAPOLIS - ST PAUL REGIONAL ECONOMIC DEVELOPMENT PARTNERSHIP (EIN 27-4026636)
- Tax period
- 2024-01-01 to 2024-12-31
- Filed
- 2025-11-06
- IRS object ID
- 202523109349304017
- Schema version
- 2024v5.2
- 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
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return | 2025-11-06T16:51:01-06:00 | ReturnTs |
| Tax Period End | 2024-12-31 | TaxPeriodEndDt |
Preparer Firm PreparerFirmGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Firm EIN | 420714325 | PreparerFirmEIN |
Preparer Firm Name PreparerFirmName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | RSM US LLP | BusinessNameLine1Txt |
Preparer US Address PreparerUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 227 WEST FIRST STREET SUITE 700 | AddressLine1Txt |
| City | DULUTH | CityNm |
| State Abbreviation | MN | StateAbbreviationCd |
| ZIP | 55802 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return Type | 990 | ReturnTypeCd |
| Tax Period Begin | 2024-01-01 | TaxPeriodBeginDt |
Filer Filer
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 274026636 | EIN |
Business Name BusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | MINNEAPOLIS SAINT PAUL REGIONAL ECONOMIC | BusinessNameLine1Txt |
| Business Name Line2 | DEVELOPMENT PARTNERSHIP | BusinessNameLine2Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Control | MINN | BusinessNameControlTxt |
| Phone | 6512871365 | PhoneNum |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 370 WABASHA ST NORTH 1900 | AddressLine1Txt |
| City | SAINT PAUL | CityNm |
| State Abbreviation | MN | StateAbbreviationCd |
| ZIP | 55102 | ZIPCd |
Business Officer BusinessOfficerGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person | PETER FROSCH | PersonNm |
| Person Title | PRESIDENT AND CEO | PersonTitleTxt |
| Phone | 6512871365 | PhoneNum |
| Signature | 2025-11-05 | SignatureDt |
| Discuss With Paid Preparer | Yes (1) | DiscussWithPaidPreparerInd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| IRS Responsible Prty Info Curr | Yes (1) | IRSResponsiblePrtyInfoCurrInd |
Preparer Person PreparerPersonGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Person | JULIE BOYER | PreparerPersonNm |
| PTIN | P01278549 | PTIN |
| Phone | 2187275025 | PhoneNum |
| Preparation | 2025-11-05 | PreparationDt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tax | 2024 | TaxYr |
| Build TS | 2025-03-06 01:10:19Z | BuildTS |
Form 990 IRS990
Doing Business As Name DoingBusinessAsName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | GREATER MSP | BusinessNameLine1Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Principal Officer | PETER FROSCH | PrincipalOfficerNm |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 370 WABASHA ST NORTH 1900 | AddressLine1Txt |
| City | SAINT PAUL | CityNm |
| State Abbreviation | MN | StateAbbreviationCd |
| ZIP | 55102 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Gross Receipts | $10,270,115 | GrossReceiptsAmt |
| Group Return For Affiliates | 0 | GroupReturnForAffiliatesInd |
| Organization501c3 | Yes (X) | Organization501c3Ind |
| Website Address | WWW.GREATERMSP.ORG | WebsiteAddressTxt |
| Type Of Organization Corp | Yes (X) | TypeOfOrganizationCorpInd |
| Formation | 2010 | FormationYr |
| Legal Domicile State | MN | LegalDomicileStateCd |
| Activity Or Mission | 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. | ActivityOrMissionDesc |
| Voting Members Governing Body | 38 | VotingMembersGoverningBodyCnt |
| Voting Members Independent | 37 | VotingMembersIndependentCnt |
| Total Employee | 27 | TotalEmployeeCnt |
| Total Volunteers | 1000 | TotalVolunteersCnt |
| Total Gross UBI | $0 | TotalGrossUBIAmt |
| Net Unrelated Bus Txbl Incm | $0 | NetUnrelatedBusTxblIncmAmt |
| PY Contributions Grants | $7,955,362 | PYContributionsGrantsAmt |
| CY Contributions Grants | $10,181,130 | CYContributionsGrantsAmt |
| PY Program Service Revenue | $0 | PYProgramServiceRevenueAmt |
| CY Program Service Revenue | $0 | CYProgramServiceRevenueAmt |
| PY Investment Income | $53,575 | PYInvestmentIncomeAmt |
| CY Investment Income | $88,985 | CYInvestmentIncomeAmt |
| PY Other Revenue | $0 | PYOtherRevenueAmt |
| CY Other Revenue | $0 | CYOtherRevenueAmt |
| PY Total Revenue | $8,008,937 | PYTotalRevenueAmt |
| CY Total Revenue | $10,270,115 | CYTotalRevenueAmt |
| PY Grants And Similar Paid | $27,000 | PYGrantsAndSimilarPaidAmt |
| CY Grants And Similar Paid | $64,500 | CYGrantsAndSimilarPaidAmt |
| PY Benefits Paid To Members | $0 | PYBenefitsPaidToMembersAmt |
| CY Benefits Paid To Members | $0 | CYBenefitsPaidToMembersAmt |
| PY Salaries Comp Emp Bnft Paid | $4,295,208 | PYSalariesCompEmpBnftPaidAmt |
| CY Salaries Comp Emp Bnft Paid | $4,898,663 | CYSalariesCompEmpBnftPaidAmt |
| PY Total Prof Fndrsng Expns | $0 | PYTotalProfFndrsngExpnsAmt |
| CY Total Prof Fndrsng Expns | $0 | CYTotalProfFndrsngExpnsAmt |
| CY Total Fundraising Expense | $174,697 | CYTotalFundraisingExpenseAmt |
| PY Other Expenses | $3,312,929 | PYOtherExpensesAmt |
| CY Other Expenses | $3,670,339 | CYOtherExpensesAmt |
| PY Total Expenses | $7,635,137 | PYTotalExpensesAmt |
| CY Total Expenses | $8,633,502 | CYTotalExpensesAmt |
| PY Revenues Less Expenses | $373,800 | PYRevenuesLessExpensesAmt |
| CY Revenues Less Expenses | $1,636,613 | CYRevenuesLessExpensesAmt |
| Total Assets BOY | $6,398,281 | TotalAssetsBOYAmt |
| Total Assets EOY | $8,385,747 | TotalAssetsEOYAmt |
| Total Liabilities BOY | $1,616,814 | TotalLiabilitiesBOYAmt |
| Total Liabilities EOY | $1,955,584 | TotalLiabilitiesEOYAmt |
| Net Assets Or Fund Balances BOY | $4,781,467 | NetAssetsOrFundBalancesBOYAmt |
| Net Assets Or Fund Balances EOY | $6,430,163 | NetAssetsOrFundBalancesEOYAmt |
| Info In Schedule O Part III | Yes (X) | InfoInScheduleOPartIIIInd |
| Mission | 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. | MissionDesc |
| Significant New Program Srvc | 0 | SignificantNewProgramSrvcInd |
| Significant Change | 0 | SignificantChangeInd |
| Expense | $6,684,454 | ExpenseAmt |
| Grant | $64,500 | GrantAmt |
| Desc | GREATER MSP PARTNERSHIP 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. GREATER MSP IS A GROWING WORKING PARTNERSHIP THAT TOGETHER SHAPES AND EXECUTES A REGIONAL ECONOMIC DEVELOPMENT STRATEGY TO EXECUTE ON OUR VISION FOR THE GREATER MINNEAPOLIS-SAINT PAUL REGION TO LEAD THE WORLD IN INCLUSIVE ECONOMIC GROWTH BY WELCOMING ALL, EMPOWERING TALENT, AND IGNITING INNOVATION.THE GREATER MSP PARTNERSHIP HAS DEMONSTRATED THE CAPABILITY OF GENERATING SIGNIFICANT ECONOMIC OPPORTUNITY FOR PEOPLE IN THE REGION. FROM ITS INCEPTION IN 2012, GREATER MSP HAS HELPED ITS PARTNERS GENERATE OVER $7.7 BILLION IN CAPITAL INVESTMENT AND 35,000 NEW AND RETAINED DIRECT JOBS. GREATER MSP HAS BEEN BUILDING ON ITS 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.GREATER MSP IS A LARGE AND GROWING WORKING PARTNERSHIP OF COMMUNITY AND BUSINESS LEADERS AND ORGANIZATIONS THAT TOUCHES EVERY CORNER OF THE 15-COUNTY MINNEAPOLIS-SAINT PAUL METRO. MORE THAN 4,500 PEOPLE FROM OVER 350 LEADING COMPANIES, CITIES, COUNTIES, UNIVERSITIES, FOUNDATIONS, AND OTHER ORGANIZATIONS WORK TOGETHER IN DOZENS OF DIFFERENT TEAMS EACH YEAR TO CREATE SOLUTIONS THAT ACCELERATE GLOBAL COMPETITIVENESS AND INCLUSIVE ECONOMIC GROWTH ACROSS THE MSP REGION AND STATE OF MINNESOTA. OUR VISION FOR THE MINNEAPOLIS-SAINT PAUL REGION IS TO LEAD THE WORLD IN INCLUSIVE ECONOMIC GROWTH BY WELCOMING ALL, EMPOWERING TALENT AND IGNITING INNOVATION. TO REALIZE THIS VISION, WE SHAPE AND EXECUTE A SHARED REGIONAL ECONOMIC DEVELOPMENT STRATEGY FOCUSED ON: JOB GROWTH, RACIAL INCLUSION, ENTREPRENEURSHIP, TALENT, HOUSING AFFORDABILITY, REGIONAL BRAND, TRANSPORTATION MOBILITY AND THE NEW CLIMATE ECONOMY. THIS STRATEGY PROVIDES FOCUS AND DIRECTION FOR ALL THE WORK OF THE GREATER MSP PARTNERSHIP. 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.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 AND IGNITING INNOVATION.PARTNERSHIP MISSIONTHE GREATER MSP PARTNERSHIP WILL ACCELERATE REGIONAL COMPETITIVENESS AND INCLUSIVE ECONOMIC GROWTH THROUGH JOB CREATION, CAPITAL INVESTMENT AND THE EXECUTION OF STRATEGIC INITIATIVES.PARTNERSHIP VALUESACCOUNTABILITY | ALIGNMENT | INCLUSION | INNOVATION | TRANSPARENCYLEADING WORK OF THE GREATER MSP PARTNERSHIP INCLUDES:BUSINESS INVESTMENT: GREATER MSP IS THE REGION'S HUB FOR BUSINESSES LOOKING TO EXPAND OR RELOCATE IN THE GREATER MSP REGION. OUR TEAM HELPS COMPANIES FIND COMMUNITY DATA, CREATE STRATEGIC PARTNERSHIPS, NAVIGATE PROGRAMS AND GOVERNMENT INCENTIVES, DISCOVER SITES, AND MORE WITH COORDINATION ACROSS A VARIETY OF AGENCIES, AUTHORITIES, COUNTIES, AND MUNICIPALITIES.RESEARCH & INTELLIGENCE: GREATER 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 ECONOMIC DATA AND INSIGHTS, LIKE THE MSP REGIONAL INDICATORS DASHBOARD, THAT WE USE TO FOCUS AND PRIORITIZE. MBOLD IS A PLATFORM OF MINNESOTA'S LEADING FOOD & AGRICULTURE COMPANIES LIKE GENERAL MILLS, CARGILL, SCHWAN'S, COMPEER FINANCIAL AND MANY OTHERS WORKING WITH THE UNIVERSITY OF MINNESOTA AND KEY FOOD AND AGRICULTURAL ORGANIZATIONS TO LAUNCH INDUSTRY-LEADING SOLUTIONS FROM MINNESOTA, SUCH AS THE CREATION OF A CIRCULAR ECONOMY FOR FLEXIBLE FILMS, INITIATIVES TO ADVANCE SOIL HEALTH & PROTEIN INNOVATION, AND MUCH MORE.THE MINNESOTA SAF HUB IS A FIRST-OF-ITS-KIND EFFORT TO CREATE THE SUPPLY CHAIN THAT CAN PRODUCE SUSTAINABLE AVIATION FUEL (SAF) ON A LARGE SCALE AND DELIVER IT TO THE MINNEAPOLISSAINT PAUL INTERNATIONAL AIRPORT. TO MEET THE OVERWHELMING DEMAND FOR LOW-CARBON AVIATION, THE HUB LINKS SUPPLIERS IN PRODUCTION, TRANSPORTATION, REGENERATIVE AGRICULTURE, RENEWABLE ENERGY, REFINING AND MORE. THE GREATER MSP PARTNERSHIP BUILT AND IS LEADING THIS HUB WITH LEADERSHIP FROM DELTA, ECOLAB, XCEL ENERGY, BANK OF AMERICA, CARGILL, DELOITTE, AND MANY OTHERS, WHICH INCLUDE COMPANIES, UNIVERSITIES, NONPROFITS, AND GOVERNMENT.MINNESOTA MEDTECH 3.0 IS A HUB TO CREATE THE FUTURE OF GLOBAL MEDICAL TECHNOLOGY FROM MINNESOTA THROUGH A COLLABORATIVE STRATEGY CO-CREATED AND IMPLEMENTED BY LEADERS FROM ORGANIZATIONS LIKE MEDTRONIC, MAYO CLINIC, HEALTHPARTNERS, UNIVERSITY OF MINNESOTA, THE STATE OF MINNESOTA, AND DOZENS OF OTHERS. MEDTECH 3.0 EARNED A FEDERAL DESIGNATION AS THE U.S. TECH HUB FOR MEDICAL TECHNOLOGY WITH INITIATIVES ADVANCING FOCUSED ON HEALTHCARE DATA, GLOBAL EXPANSION, STARTUP INCUBATION, WORKFORCE DEVELOPMENT, AND MORE.ITASCA PROJECT IS A CROSS-SECTOR ALLIANCE FOCUSED ON STRENGTHENING THE MINNEAPOLISSAINT PAUL REGION'S CIVIC ECOSYSTEM AND IDENTIFYING LONG-TERM ISSUES THAT MATTER TO THE FUTURE PROSPERITY AND COMPETITIVENESS OF THE REGION. CREATED 20 YEARS AGO, THE ITASCA PROJECT BECAME PART OF THE GREATER MSP PARTNERSHIP IN 2022. SINCE ITS FORMATION, ITASCA'S WORK WITH PARTNERS IN THE BUSINESS, GOVERNMENT, PHILANTHROPIC, HIGHER EDUCATION AND NONPROFIT SECTORS HAS ADVANCED MORE AND BETTER EARLY CHILDHOOD EDUCATION, INCREASED THE AMOUNT THAT BUSINESSES SPEND WITH LOCAL AND DIVERSE SUPPLIERS, IMPROVED CAREER AND COLLEGE READINESS AMONG HIGH SCHOOL STUDENTS AND YOUNG ADULTS, SPARKED ADDITIONAL SUPPORT FOR AFFORDABLE HOUSING STRATEGIES AND FUNDING AND CATALYZED MANY OTHER CIVIC ENDEAVORS. FORGE NORTH IS THE REGION'S PLATFORM TO ACCELERATE STARTUP GROWTH. FORGE NORTH ASSEMBLES ALL THE KEY STAKEHOLDERS IN A REGIONAL STARTUP ECOSYSTEM, INCLUDING DOZENS OF VENTURE CAPITAL FIRMS, LOCAL STARTUP ACCELERATORS, UNIVERSITIES, GOVERNMENT AGENCIES, FOUNDATIONS, AND OTHER ORGANIZATIONS WORKING TO SUPPORT AND FUEL THE GROWTH OF LOCAL STARTUP FOUNDERS. FORGE NORTH ALIGNS THESE ACTORS AROUND KEY INITIATIVES THAT EXPAND THE OVERALL PIE OF NEW INVESTORS THROUGH CAMPAIGNS AND FUNDS, WHILE ALSO MAKING THE REGION'S ECOSYSTEM MORE VISIBLE TO ENTREPRENEURS THOUGH TRANSPARENT TOOLS LIKE THE MSP STARTUP GUIDE, THE REGION'S SEARCH ENGINE AND NAVIGATOR FOR STARTUP RESOURCES. FORGE NORTH SERVES AS THE REGIONAL HUB IN THE STATE OF MINNESOTA'S "LAUNCH MINNESOTA" NETWORK AND AS THIS HUB SERVES AS THE POINT OF INCUBATING BOLD NEW INITIATIVES, VENTURE CAPITAL FUNDS, AND OTHER PROGRAMS THAT GO ON TO GROW THE REGION'S DIRECT SUPPORT OF ENTREPRENEURS.MAKE 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 HAVE WORKED TOGETHER TO CREATE A WEALTH OF TALENT RESOURCES, WITH SPECIAL ATTENTION TO RETAINING PROFESSIONALS OF COLOR IN OUR REGION. CONNEXTMSP IS 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. 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. SEVERAL GROWING INITIATIVES ACROSS GREATER MSP ARE WORTH BILLIONS IN DIRECT ECONOMIC IMPACT, INCLUDING BUSINESS BRIDGE, A NETWORK OF THE REGION'S LEADING COMPANIES WORKING TOGETHER TO INCREASE BILLIONS OF DOLLARS IN PROCUREMENT WITH MINNESOTA-OWNED BUSINESSES WITH GOALS AROUND BIPOC-, VETERAN-, AND WOMEN-OWNED BUSINESSES. THE MINNESOTA CHIPS COALITION BRINGS TOGETHER DOZENS OF SEMICONDUCTOR MANUFACTURERS, SUPPLIERS, WORKFORCE PARTNERS, AND OTHERS TO MAKE MINNESOTA A TOP STATE FOR EXPANSION OF AMERICA'S SEMICONDUCTOR INDUSTRY. | Desc |
| Total Program Service Expenses | $6,684,454 | TotalProgramServiceExpensesAmt |
| Described In Section501c3 | Yes (1) | DescribedInSection501c3Ind |
| Schedule B Required | Yes (1) | ScheduleBRequiredInd |
| Political Campaign Acty | 0 | PoliticalCampaignActyInd |
| Lobbying Activities | Yes (1) | LobbyingActivitiesInd |
| Subject To Proxy Tax | 0 | SubjectToProxyTaxInd |
| Donor Advised Fund | 0 | DonorAdvisedFundInd |
| Conservation Easements | 0 | ConservationEasementsInd |
| Collections Of Art | 0 | CollectionsOfArtInd |
| Credit Counseling | 0 | CreditCounselingInd |
| Donor Rstr Or Quasi Endowments | 0 | DonorRstrOrQuasiEndowmentsInd |
| Report Land Building Equipment | Yes (1) | ReportLandBuildingEquipmentInd |
| Report Investments Other Sec | 0 | ReportInvestmentsOtherSecInd |
| Report Program Related Invst | 0 | ReportProgramRelatedInvstInd |
| Report Other Assets | 0 | ReportOtherAssetsInd |
| Report Other Liabilities | Yes (1) | ReportOtherLiabilitiesInd |
| Include FIN48 Footnote | Yes (1) | IncludeFIN48FootnoteInd |
| Independent Audit Fincl Stmt | Yes (1) | IndependentAuditFinclStmtInd |
| Consolidated Audit Fincl Stmt | 0 | ConsolidatedAuditFinclStmtInd |
| School Operating | 0 | SchoolOperatingInd |
| Foreign Office | 0 | ForeignOfficeInd |
| Foreign Activities | 0 | ForeignActivitiesInd |
| More Than5000 K To Org | 0 | MoreThan5000KToOrgInd |
| More Than5000 K To Individuals | 0 | MoreThan5000KToIndividualsInd |
| Professional Fundraising | 0 | ProfessionalFundraisingInd |
| Fundraising Activities | 0 | FundraisingActivitiesInd |
| Gaming Activities | 0 | GamingActivitiesInd |
| Operate Hospital | 0 | OperateHospitalInd |
| Grants To Organizations | Yes (1) | GrantsToOrganizationsInd |
| Grants To Individuals | 0 | GrantsToIndividualsInd |
| Schedule J Required | Yes (1) | ScheduleJRequiredInd |
| Tax Exempt Bonds | 0 | TaxExemptBondsInd |
| Engaged In Excess Benefit Trans | 0 | EngagedInExcessBenefitTransInd |
| PY Excess Benefit Trans | 0 | PYExcessBenefitTransInd |
| Loan Outstanding | 0 | LoanOutstandingInd |
| Grant To Related Person | 0 | GrantToRelatedPersonInd |
| Business Rln With Org Mem | 0 | BusinessRlnWithOrgMemInd |
| Business Rln With Fam Mem | 0 | BusinessRlnWithFamMemInd |
| Business Rln With35 Ctrl Ent | 0 | BusinessRlnWith35CtrlEntInd |
| Deductible Non Cash Contri | 0 | DeductibleNonCashContriInd |
| Deductible Art Contribution | 0 | DeductibleArtContributionInd |
| Terminate Operations | 0 | TerminateOperationsInd |
| Partial Liquidation | 0 | PartialLiquidationInd |
| Disregarded Entity | 0 | DisregardedEntityInd |
| Related Entity | 0 | RelatedEntityInd |
| Related Organization Ctrl Ent | 0 | RelatedOrganizationCtrlEntInd |
| Trnsfr Exmpt Non Chrtbl Rltd Org | 0 | TrnsfrExmptNonChrtblRltdOrgInd |
| Activities Conducted Prtshp | 0 | ActivitiesConductedPrtshpInd |
| Schedule O Required | Yes (1) | ScheduleORequiredInd |
| IRP Document | 51 | IRPDocumentCnt |
| IRP Document W2 G | 0 | IRPDocumentW2GCnt |
| Backup Wthld Compliance | Yes (1) | BackupWthldComplianceInd |
| Employee | 27 | EmployeeCnt |
| Employment Tax Returns Filed | Yes (1) | EmploymentTaxReturnsFiledInd |
| Unrelated Bus Incm Over Limit | 0 | UnrelatedBusIncmOverLimitInd |
| Foreign Financial Account | 0 | ForeignFinancialAccountInd |
| Prohibited Tax Shelter Trans | 0 | ProhibitedTaxShelterTransInd |
| Taxable Party Notification | 0 | TaxablePartyNotificationInd |
| Nondeductible Contributions | 0 | NondeductibleContributionsInd |
| Quid Pro Quo Contributions | 0 | QuidProQuoContributionsInd |
| Form8282 Property Disposed Of | 0 | Form8282PropertyDisposedOfInd |
| Rcv Fnds To Pay Prsnl Bnft Cntrct | 0 | RcvFndsToPayPrsnlBnftCntrctInd |
| Pay Premiums Prsnl Bnft Cntrct | 0 | PayPremiumsPrsnlBnftCntrctInd |
| Indoor Tanning Services | 0 | IndoorTanningServicesInd |
| Subj To Tax Rmnrtn Ex Prcht Pymt | 0 | SubjToTaxRmnrtnExPrchtPymtInd |
| Subject To Excs Tax Net Invst Inc | 0 | SubjectToExcsTaxNetInvstIncInd |
| Info In Schedule O Part VI | Yes (X) | InfoInScheduleOPartVIInd |
| Governing Body Voting Members | 38 | GoverningBodyVotingMembersCnt |
| Independent Voting Member | 37 | IndependentVotingMemberCnt |
| Family Or Business Rln | 0 | FamilyOrBusinessRlnInd |
| Delegation Of Mgmt Duties | 0 | DelegationOfMgmtDutiesInd |
| Change To Org Documents | 0 | ChangeToOrgDocumentsInd |
| Material Diversion Or Misuse | 0 | MaterialDiversionOrMisuseInd |
| Members Or Stockholders | 0 | MembersOrStockholdersInd |
| Election Of Board Members | 0 | ElectionOfBoardMembersInd |
| Decisions Subject To Approva | 0 | DecisionsSubjectToApprovaInd |
| Minutes Of Governing Body | Yes (1) | MinutesOfGoverningBodyInd |
| Minutes Of Committees | Yes (1) | MinutesOfCommitteesInd |
| Officer Mailing Address | 0 | OfficerMailingAddressInd |
| Local Chapters | 0 | LocalChaptersInd |
| Form990 Provided To Gvrn Body | Yes (1) | Form990ProvidedToGvrnBodyInd |
| Conflict Of Interest Policy | Yes (1) | ConflictOfInterestPolicyInd |
| Annual Disclosure Covered Prsn | Yes (1) | AnnualDisclosureCoveredPrsnInd |
| Regular Monitoring Enfrc | Yes (1) | RegularMonitoringEnfrcInd |
| Whistleblower Policy | Yes (1) | WhistleblowerPolicyInd |
| Document Retention Policy | Yes (1) | DocumentRetentionPolicyInd |
| Compensation Process CEO | Yes (1) | CompensationProcessCEOInd |
| Compensation Process Other | Yes (1) | CompensationProcessOtherInd |
| Investment In Joint Venture | 0 | InvestmentInJointVentureInd |
| States Where Copy Of Return Is Fld | MN | StatesWhereCopyOfReturnIsFldCd |
| Upon Request | Yes (X) | UponRequestInd |
Books In Care Of Detail BooksInCareOfDetail
Business Name BusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | SAMUEL MORANTZ | BusinessNameLine1Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Phone | 6512871365 | PhoneNum |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 370 WABASHA ST NORTH 1900 | AddressLine1Txt |
| City | SAINT PAUL | CityNm |
| State Abbreviation | MN | StateAbbreviationCd |
| ZIP | 55102 | ZIPCd |
Form990 Part VII Section A Form990PartVIISectionAGrp (52 entries)
| TitleTitleTxt | Average Hours Per WeekAverageHoursPerWeekRt | Individual Trustee Or DirectorIndividualTrusteeOrDirectorInd | OfficerOfficerInd | Reportable Comp From OrgReportableCompFromOrgAmt | Reportable Comp From Rltd OrgReportableCompFromRltdOrgAmt | Other CompensationOtherCompensationAmt | Key EmployeeKeyEmployeeInd | Highest Compensated EmployeeHighestCompensatedEmployeeInd |
|---|---|---|---|---|---|---|---|---|
| PETER FROSCH | ||||||||
| PRESIDENT & CEO | 40.00 | Yes (X) | Yes (X) | $501,135 | $0 | $14,857 | ||
| TONYA ALLEN | ||||||||
| DIRECTOR | 0.50 | Yes (X) | $0 | $0 | $0 | |||
| COMMISSIONER DAVE BEER | ||||||||
| DIRECTOR | 0.50 | Yes (X) | $0 | $0 | $0 | |||
| MITCH BLESKE | ||||||||
| DIRECTOR | 0.50 | Yes (X) | $0 | $0 | $0 | |||
| DOUG CARNIVAL | ||||||||
| OF COUNSEL | 0.50 | Yes (X) | $0 | $0 | $0 | |||
| MAYOR MELVIN CARTER | ||||||||
| DIRECTOR | 0.50 | Yes (X) | $0 | $0 | $0 | |||
| PRESIDENT REBECCA CUNNINGHAM | ||||||||
| DIRECTOR | 0.50 | Yes (X) | $0 | $0 | $0 | |||
| DANA ERICKSON | ||||||||
| DIRECTOR | 0.50 | Yes (X) | $0 | $0 | $0 | |||
| LISA ERICKSON | ||||||||
| DIRECTOR | 0.50 | Yes (X) | $0 | $0 | $0 | |||
| JEFFREY ETTINGER | ||||||||
| DIRECTOR (UNTIL 2/29/2024) | 0.50 | Yes (X) | $0 | $0 | $0 | |||
| COMMISSIONER IRENE FERNANDO | ||||||||
| DIRECTOR | 0.50 | Yes (X) | $0 | $0 | $0 | |||
| BOB FRENZEL | ||||||||
| DIRECTOR | 0.50 | Yes (X) | $0 | $0 | $0 | |||
| MAYOR JACOB FREY | ||||||||
| DIRECTOR | 0.50 | Yes (X) | $0 | $0 | $0 | |||
| CHRIS GALVIN | ||||||||
| DIRECTOR | 0.50 | Yes (X) | $0 | $0 | $0 | |||
| COMMISSIONER MIKE GAMACHE | ||||||||
| DIRECTOR | 0.50 | Yes (X) | $0 | $0 | $0 | |||
| DARREL GERMAN | ||||||||
| DIRECTOR (UNTIL 5/23/2024) | 0.50 | Yes (X) | $0 | $0 | $0 | |||
| DOMINIC IANNAZZO | ||||||||
| DIRECTOR | 0.50 | Yes (X) | $0 | $0 | $0 | |||
| DAN JOHNSON | ||||||||
| DIRECTOR (UNTIL 12/31/2024) | 0.50 | Yes (X) | $0 | $0 | $0 | |||
| DR ERIC JOLLY | ||||||||
| DIRECTOR | 0.50 | Yes (X) | $0 | $0 | $0 | |||
| COMMISSIONER STAN KARWOSKI | ||||||||
| DIRECTOR | 0.50 | Yes (X) | $0 | $0 | $0 | |||
| BARBARA KOSLOSKI | ||||||||
| DIRECTOR | 0.50 | Yes (X) | $0 | $0 | $0 | |||
| AUDREY LUCAS | ||||||||
| DIRECTOR | 0.50 | Yes (X) | $0 | $0 | $0 | |||
| MAYOR MIKE MAGUIRE | ||||||||
| DIRECTOR | 0.50 | Yes (X) | $0 | $0 | $0 | |||
| MATT MARSH | ||||||||
| DIRECTOR | 0.50 | Yes (X) | $0 | $0 | $0 | |||
| CHAIRMAN COLE MILLER | ||||||||
| DIRECTOR | 0.50 | Yes (X) | $0 | $0 | $0 | |||
| JON NUDI | ||||||||
| DIRECTOR (UNTIL 3/1/2024) | 0.50 | Yes (X) | $0 | $0 | $0 | |||
| LAURA OBERST | ||||||||
| DIRECTOR | 0.50 | Yes (X) | $0 | $0 | $0 | |||
| COMMISSIONER RAFAEL ORTEGA | ||||||||
| DIRECTOR | 0.50 | Yes (X) | $0 | $0 | $0 | |||
| RT RYBAK | ||||||||
| DIRECTOR | 0.50 | Yes (X) | $0 | $0 | $0 | |||
| SAHIL SANGHVI | ||||||||
| DIRECTOR | 0.50 | Yes (X) | $0 | $0 | $0 | |||
| COMMISSIONER SCOTT SCHULTE | ||||||||
| DIRECTOR (UNTIL 1/16/2024) | 0.50 | Yes (X) | $0 | $0 | $0 | |||
| COMMISSIONER MIKE SLAVIK | ||||||||
| DIRECTOR (UNTIL 12/31/2024) | 0.50 | Yes (X) | $0 | $0 | $0 | |||
| CHRISTINE SOVEREIGN | ||||||||
| DIRECTOR | 0.50 | Yes (X) | $0 | $0 | $0 | |||
| JOHN STAUCH | ||||||||
| DIRECTOR | 0.50 | Yes (X) | $0 | $0 | $0 | |||
| JOHN STERN | ||||||||
| DIRECTOR | 0.50 | Yes (X) | $0 | $0 | $0 | |||
| COMMISSIONER MATT UDERMANN | ||||||||
| DIRECTOR | 0.50 | Yes (X) | $0 | $0 | $0 | |||
| ROBERT VISCHER | ||||||||
| DIRECTOR | 0.50 | Yes (X) | $0 | $0 | $0 | |||
| LAYSHA WARD | ||||||||
| DIRECTOR (UNTIL 4/1/2024) | 0.50 | Yes (X) | $0 | $0 | $0 | |||
| TIMOTHY A WELSH | ||||||||
| DIRECTOR | 0.50 | Yes (X) | $0 | $0 | $0 | |||
| BRADLEY WOOD | ||||||||
| DIRECTOR | 0.50 | Yes (X) | $0 | $0 | $0 | |||
| CHRISTOPHE BECK | ||||||||
| CHAIRMAN | 1.00 | Yes (X) | Yes (X) | $0 | $0 | $0 | ||
| DENNIS DAHLEN | ||||||||
| TREASURER | 0.50 | Yes (X) | Yes (X) | $0 | $0 | $0 | ||
| RAVI NORMAN | ||||||||
| VICE CHAIR | 0.50 | Yes (X) | Yes (X) | $0 | $0 | $0 | ||
| CATHERINE PENKERT | ||||||||
| VICE PRESIDENT, OPERATIONS | 40.00 | $227,378 | $0 | $9,236 | Yes (X) | |||
| MATTHEW K LEWIS | ||||||||
| VICE PRESIDENT, PARTNERSHIP STRATEGY | 40.00 | $257,654 | $0 | $17,147 | Yes (X) | |||
| MORRIS GOODWIN JR | ||||||||
| MANAGING DIRECTOR, FORGE NORTH | 40.00 | $252,260 | $0 | $31,776 | Yes (X) | |||
| AMANDA TAYLOR | ||||||||
| VICE PRESIDENT, BUSINESS INVESTMENT | 40.00 | $247,975 | $0 | $41,789 | Yes (X) | |||
| JULIA SILVIS | ||||||||
| MANAGING DIRECTOR, RESEARCH AND INTELLIGENCE | 40.00 | $215,537 | $0 | $10,879 | Yes (X) | |||
| KRISTIN GUILD | ||||||||
| DIRECTOR, BUSINESS BRIDGE AND TALENT SOLUTIONS | 40.00 | $175,565 | $0 | $7,669 | Yes (X) | |||
| IEESHA M COLLINS | ||||||||
| ENTERPRISE DIRECTOR, TALENT, INCLUSION, & ENGAGEME | 40.00 | $198,252 | $0 | $23,830 | Yes (X) | |||
| JENNIFER M LINDEMER | ||||||||
| DIRECTOR, ORGANIZATIONAL DEVELOPMENT | 40.00 | $183,535 | $0 | $42,324 | Yes (X) | |||
| JOANNE BERKENKAMP | ||||||||
| MANAGING DIRECTOR, MBOLD | 40.00 | $193,838 | $0 | $22,849 | Yes (X) | |||
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Reportable Comp From Org | $2,453,129 | TotalReportableCompFromOrgAmt |
| Tot Reportable Comp Rltd Org | $0 | TotReportableCompRltdOrgAmt |
| Total Other Compensation | $222,356 | TotalOtherCompensationAmt |
| Indiv Rcvd Greater Than100 K | 16 | IndivRcvdGreaterThan100KCnt |
| Former Ofcr Employees Listed | 0 | FormerOfcrEmployeesListedInd |
| Total Comp Greater Than150 K | Yes (1) | TotalCompGreaterThan150KInd |
| Compensation From Other Srcs | 0 | CompensationFromOtherSrcsInd |
Contractor Compensation ContractorCompensationGrp (3 entries)
| Address Line1ContractorAddress/USAddress/AddressLine1Txt | CityContractorAddress/USAddress/CityNm | State AbbreviationContractorAddress/USAddress/StateAbbreviationCd | ZIPContractorAddress/USAddress/ZIPCd | ServicesServicesDesc | CompensationCompensationAmt |
|---|---|---|---|---|---|
| COLLEEN EBINGER | |||||
| 4135 PILLSBURY AVE S | MINNEAPOLIS | MN | 55409 | CONSULTING/CONTRACTING FEES | $146,469 |
| ANDREA BACH | |||||
| 9576 PHEASANT XING | MINNETRISTA | MN | 55375 | CONSULTING/CONTRACTING FEES | $109,479 |
| MICEVYCH CONSULTING LLC | |||||
| 602 N 1ST ST APT 303 | MINNEAPOLIS | MN | 55401 | CONSULTING/CONTRACTING FEES | $103,450 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Cntrct Rcvd Greater Than100 K | 3 | CntrctRcvdGreaterThan100KCnt |
| Government Grants | $250,648 | GovernmentGrantsAmt |
| All Other Contributions | $9,930,482 | AllOtherContributionsAmt |
| Total Contributions | $10,181,130 | TotalContributionsAmt |
Investment Income InvestmentIncomeGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $88,985 | TotalRevenueColumnAmt |
| Exclusion | $88,985 | ExclusionAmt |
Total Revenue TotalRevenueGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $10,270,115 | TotalRevenueColumnAmt |
| Related Or Exempt Func Income | $0 | RelatedOrExemptFuncIncomeAmt |
| Unrelated Business Revenue | $0 | UnrelatedBusinessRevenueAmt |
| Exclusion | $88,985 | ExclusionAmt |
Grants To Domestic Orgs GrantsToDomesticOrgsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $64,500 | TotalAmt |
| Program Services | $64,500 | ProgramServicesAmt |
Comp Current Ofcr Directors CompCurrentOfcrDirectorsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $1,592,507 | TotalAmt |
| Program Services | $1,038,515 | ProgramServicesAmt |
| Management And General | $405,234 | ManagementAndGeneralAmt |
| Fundraising | $148,758 | FundraisingAmt |
Other Salaries And Wages OtherSalariesAndWagesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $2,756,335 | TotalAmt |
| Program Services | $1,945,713 | ProgramServicesAmt |
| Management And General | $810,622 | ManagementAndGeneralAmt |
Pension Plan Contributions PensionPlanContributionsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $70,610 | TotalAmt |
| Program Services | $55,458 | ProgramServicesAmt |
| Management And General | $15,152 | ManagementAndGeneralAmt |
Other Employee Benefits OtherEmployeeBenefitsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $218,869 | TotalAmt |
| Program Services | $153,499 | ProgramServicesAmt |
| Management And General | $58,795 | ManagementAndGeneralAmt |
| Fundraising | $6,575 | FundraisingAmt |
Payroll Taxes PayrollTaxesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $260,342 | TotalAmt |
| Program Services | $188,207 | ProgramServicesAmt |
| Management And General | $63,861 | ManagementAndGeneralAmt |
| Fundraising | $8,274 | FundraisingAmt |
Fees For Services Legal FeesForServicesLegalGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $49,095 | TotalAmt |
| Program Services | $6,137 | ProgramServicesAmt |
| Management And General | $42,958 | ManagementAndGeneralAmt |
Fees For Services Accounting FeesForServicesAccountingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $78,865 | TotalAmt |
| Management And General | $78,865 | ManagementAndGeneralAmt |
Fees For Services Lobbying FeesForServicesLobbyingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $44,004 | TotalAmt |
| Program Services | $44,004 | ProgramServicesAmt |
Fees For Services Other FeesForServicesOtherGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $132,704 | TotalAmt |
| Program Services | $116,887 | ProgramServicesAmt |
| Management And General | $15,520 | ManagementAndGeneralAmt |
| Fundraising | $297 | FundraisingAmt |
Advertising AdvertisingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $1,973,756 | TotalAmt |
| Program Services | $1,973,756 | ProgramServicesAmt |
Office Expenses OfficeExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $19,341 | TotalAmt |
| Program Services | $13,290 | ProgramServicesAmt |
| Management And General | $5,733 | ManagementAndGeneralAmt |
| Fundraising | $318 | FundraisingAmt |
Information Technology InformationTechnologyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $174,431 | TotalAmt |
| Program Services | $121,125 | ProgramServicesAmt |
| Management And General | $52,673 | ManagementAndGeneralAmt |
| Fundraising | $633 | FundraisingAmt |
Occupancy OccupancyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $206,554 | TotalAmt |
| Program Services | $141,911 | ProgramServicesAmt |
| Management And General | $61,242 | ManagementAndGeneralAmt |
| Fundraising | $3,401 | FundraisingAmt |
Travel TravelGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $129,985 | TotalAmt |
| Program Services | $100,533 | ProgramServicesAmt |
| Management And General | $29,452 | ManagementAndGeneralAmt |
Conferences Meetings ConferencesMeetingsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $249,903 | TotalAmt |
| Program Services | $232,213 | ProgramServicesAmt |
| Management And General | $17,690 | ManagementAndGeneralAmt |
Interest InterestGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $1,010 | TotalAmt |
| Program Services | $693 | ProgramServicesAmt |
| Management And General | $300 | ManagementAndGeneralAmt |
| Fundraising | $17 | FundraisingAmt |
Depreciation Depletion DepreciationDepletionGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $258,524 | TotalAmt |
| Program Services | $177,617 | ProgramServicesAmt |
| Management And General | $76,650 | ManagementAndGeneralAmt |
| Fundraising | $4,257 | FundraisingAmt |
Insurance InsuranceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $31,249 | TotalAmt |
| Program Services | $21,469 | ProgramServicesAmt |
| Management And General | $9,265 | ManagementAndGeneralAmt |
| Fundraising | $515 | FundraisingAmt |
Other Expenses OtherExpensesGrp (3 entries)
| DescDesc | TotalTotalAmt | Program ServicesProgramServicesAmt | Management And GeneralManagementAndGeneralAmt | FundraisingFundraisingAmt |
|---|---|---|---|---|
| DUES AND SUBSCRIPTIONS | $167,843 | $153,032 | $14,032 | $779 |
| MISCELLANEOUS EXPENSE | $117,152 | $99,972 | $16,307 | $873 |
| SPONSORSHIPS | $35,923 | $35,923 |
Total Functional Expenses TotalFunctionalExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $8,633,502 | TotalAmt |
| Program Services | $6,684,454 | ProgramServicesAmt |
| Management And General | $1,774,351 | ManagementAndGeneralAmt |
| Fundraising | $174,697 | FundraisingAmt |
Cash Non Interest Bearing CashNonInterestBearingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $1,282,620 | BOYAmt |
| EOY | $2,109,432 | EOYAmt |
Savings And Temp Cash Invst SavingsAndTempCashInvstGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $2,866,211 | BOYAmt |
| EOY | $2,713,429 | EOYAmt |
Pledges And Grants Receivable PledgesAndGrantsReceivableGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $1,194,333 | BOYAmt |
| EOY | $1,493,067 | EOYAmt |
Accounts Receivable AccountsReceivableGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $688 | BOYAmt |
| EOY | $2,029 | EOYAmt |
Prepaid Expenses Defrd Charges PrepaidExpensesDefrdChargesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $134,656 | BOYAmt |
| EOY | $165,321 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Land Bldg Equip Cost Or Other Bss | $1,981,085 | LandBldgEquipCostOrOtherBssAmt |
| Land Bldg Equip Accum Deprec | $343,742 | LandBldgEquipAccumDeprecAmt |
Land Bldg Equip Basis Net LandBldgEquipBasisNetGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $623,372 | BOYAmt |
| EOY | $1,637,343 | EOYAmt |
Intangible Assets IntangibleAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $925 | BOYAmt |
| EOY | $925 | EOYAmt |
Other Assets Total OtherAssetsTotalGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $295,476 | BOYAmt |
| EOY | $264,201 | EOYAmt |
Total Assets TotalAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $6,398,281 | BOYAmt |
| EOY | $8,385,747 | EOYAmt |
Accounts Payable Accr Expnss AccountsPayableAccrExpnssGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $1,083,786 | BOYAmt |
| EOY | $847,065 | EOYAmt |
Deferred Revenue DeferredRevenueGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $226,100 | BOYAmt |
| EOY | $37,209 | EOYAmt |
Other Liabilities OtherLiabilitiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $306,928 | BOYAmt |
| EOY | $1,071,310 | EOYAmt |
Total Liabilities TotalLiabilitiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $1,616,814 | BOYAmt |
| EOY | $1,955,584 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Organization Follows FASB117 | Yes (X) | OrganizationFollowsFASB117Ind |
No Donor Restriction Net Assets NoDonorRestrictionNetAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $3,137,783 | BOYAmt |
| EOY | $3,404,245 | EOYAmt |
Donor Restriction Net Assets DonorRestrictionNetAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $1,643,684 | BOYAmt |
| EOY | $3,025,918 | EOYAmt |
Total Net Assets Fund Balance TotalNetAssetsFundBalanceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $4,781,467 | BOYAmt |
| EOY | $6,430,163 | EOYAmt |
Tot Liab Net Assets Fund Balance TotLiabNetAssetsFundBalanceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $6,398,281 | BOYAmt |
| EOY | $8,385,747 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Reconcilation Revenue Expnss | $1,636,613 | ReconcilationRevenueExpnssAmt |
| Net Unrlzd Gains Losses Invst | $12,083 | NetUnrlzdGainsLossesInvstAmt |
| Other Changes In Net Assets | $0 | OtherChangesInNetAssetsAmt |
| Info In Schedule O Part XII | Yes (X) | InfoInScheduleOPartXIIInd |
| Method Of Accounting Accrual | Yes (X) | MethodOfAccountingAccrualInd |
| Accountant Compile Or Review | 0 | AccountantCompileOrReviewInd |
| FS Audited | Yes (1) | FSAuditedInd |
FS Audited Basis FSAuditedBasisGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Separate Basis Fincl Stmt | Yes (X) | SeparateBasisFinclStmtInd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Audit Committee | Yes (1) | AuditCommitteeInd |
| Federal Grant Audit Required | 0 | FederalGrantAuditRequiredInd |
Schedule A IRS990ScheduleA
| Field | Value | IRS element (for citing) |
|---|---|---|
| Public Organization170 | Yes (X) | PublicOrganization170Ind |
Gifts Grants Contri Rcvd170 GiftsGrantsContriRcvd170Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | $6,102,687 | CurrentTaxYearMinus4YearsAmt |
| Current Tax Year Minus3 Years | $6,501,903 | CurrentTaxYearMinus3YearsAmt |
| Current Tax Year Minus2 Years | $6,786,205 | CurrentTaxYearMinus2YearsAmt |
| Current Tax Year Minus1 Year | $7,955,362 | CurrentTaxYearMinus1YearAmt |
| Current Tax Year | $10,181,130 | CurrentTaxYearAmt |
| Total | $37,527,287 | TotalAmt |
Total Calendar Year170 TotalCalendarYear170Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | $6,102,687 | CurrentTaxYearMinus4YearsAmt |
| Current Tax Year Minus3 Years | $6,501,903 | CurrentTaxYearMinus3YearsAmt |
| Current Tax Year Minus2 Years | $6,786,205 | CurrentTaxYearMinus2YearsAmt |
| Current Tax Year Minus1 Year | $7,955,362 | CurrentTaxYearMinus1YearAmt |
| Current Tax Year | $10,181,130 | CurrentTaxYearAmt |
| Total | $37,527,287 | TotalAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Substantial Contributors Tot | $5,182,108 | SubstantialContributorsTotAmt |
| Public Support Total170 | $32,345,179 | PublicSupportTotal170Amt |
Gross Investment Income170 GrossInvestmentIncome170Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | $51,561 | CurrentTaxYearMinus4YearsAmt |
| Current Tax Year Minus3 Years | $243 | CurrentTaxYearMinus3YearsAmt |
| Current Tax Year Minus2 Years | $10,230 | CurrentTaxYearMinus2YearsAmt |
| Current Tax Year Minus1 Year | $53,575 | CurrentTaxYearMinus1YearAmt |
| Current Tax Year | $88,985 | CurrentTaxYearAmt |
| Total | $204,594 | TotalAmt |
Other Income170 OtherIncome170Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | $63,000 | CurrentTaxYearMinus4YearsAmt |
| Total | $63,000 | TotalAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Support | $37,794,881 | TotalSupportAmt |
| Public Support CY170 | 0.85580 | PublicSupportCY170Pct |
| Public Support PY170 | 0.86800 | PublicSupportPY170Pct |
| Thirty Thr Pct Suprt Tests CY170 | Yes (X) | ThirtyThrPctSuprtTestsCY170Ind |
Schedule B IRS990ScheduleB
Contributor Information ContributorInformationGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Contributor | RESTRICTED | ContributorNum |
Contributor Business Name ContributorBusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | RESTRICTED | BusinessNameLine1 |
Contributor US Address ContributorUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | RESTRICTED | AddressLine1 |
| Address Line2 | RESTRICTED | AddressLine2 |
| City | RESTRICTED | City |
| State | RESTRICTED | State |
| ZIP Code | RESTRICTED | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Contributions | RESTRICTED | TotalContributionsAmt |
Schedule C IRS990ScheduleC
| Field | Value | IRS element (for citing) |
|---|---|---|
| Volunteers | 0 | VolunteersInd |
| Paid Staff Or Management | Yes (1) | PaidStaffOrManagementInd |
| Media Advertisements | 0 | MediaAdvertisementsInd |
| Mailings Members | 0 | MailingsMembersInd |
| Publications Or Broadcast | 0 | PublicationsOrBroadcastInd |
| Grants Other Organizations | 0 | GrantsOtherOrganizationsInd |
| Direct Contact Legislators | Yes (1) | DirectContactLegislatorsInd |
| Direct Contact Legislators | $44,004 | DirectContactLegislatorsAmt |
| Rallies Demonstrations | 0 | RalliesDemonstrationsInd |
| Other Activities | 0 | OtherActivitiesInd |
| Total Lobbying Expenditures | $44,004 | TotalLobbyingExpendituresAmt |
| Not Described Section501c3 | 0 | NotDescribedSection501c3Ind |
Supplemental Information Detail SupplementalInformationDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Form And Line Reference | PART II-B, LINE 1: | FormAndLineReferenceDesc |
| Explanation | THE MINNESOTA BUSINESS COALITION FOR RACIAL EQUITY (MBCRE) CONTRACTS WITH FREDRIKSON FOR GOVERNMENT RELATIONS SUPPORT. EACH YEAR, MBCRE MEMBER COMPANIES ALIGN ON A BLACK-CENTERED POLICY AGENDA THAT SUPPORTS ITS VISION TO BUILD A MORE JUST, PROSPEROUS STATE WITH AND FOR BLACK MINNESOTANS. TEAM MEMBERS FROM FREDRIKSON IDENTIFY LEGISLATORS FOR MBCRE TO CONNECT WITH AND OPPORTUNITIES TO ADVANCE POLICY PRIORITIES WITH LETTERS OF SUPPORT OR TESTIMONY IN COMMITTEES. | ExplanationTxt |
Schedule D IRS990ScheduleD
Leasehold Improvements LeaseholdImprovementsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | $1,359,550 | OtherCostOrOtherBasisAmt |
| Depreciation | $143,931 | DepreciationAmt |
| Book Value | $1,215,619 | BookValueAmt |
Equipment EquipmentGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | $621,535 | OtherCostOrOtherBasisAmt |
| Depreciation | $199,811 | DepreciationAmt |
| Book Value | $421,724 | BookValueAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Book Value Land Buildings | $1,637,343 | TotalBookValueLandBuildingsAmt |
Other Liabilities Org OtherLiabilitiesOrgGrp (2 entries)
| DescDesc | AmtAmt |
|---|---|
| CAPITAL LEASE OBLIGATION | $23,395 |
| OPERATING LEASE LIABILITY | $1,047,915 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Liability | $1,071,310 | TotalLiabilityAmt |
| Footnote Text | Yes (X) | FootnoteTextInd |
| Total Rev Etc Audited Fincl Stmt | $10,282,198 | TotalRevEtcAuditedFinclStmtAmt |
| Net Unrealized Gains Invst | $12,083 | NetUnrealizedGainsInvstAmt |
| Revenue Not Reported | $12,083 | RevenueNotReportedAmt |
| Revenue Subtotal | $10,270,115 | RevenueSubtotalAmt |
| Revenue Not Reported Fincl Stmt | $0 | RevenueNotReportedFinclStmtAmt |
| Total Revenue Per Form990 | $10,270,115 | TotalRevenuePerForm990Amt |
| Tot Expns Etc Audited Fincl Stmt | $8,633,502 | TotExpnsEtcAuditedFinclStmtAmt |
| Expenses Not Reported | $0 | ExpensesNotReportedAmt |
| Expenses Subtotal | $8,633,502 | ExpensesSubtotalAmt |
| Expenses Not Rpt Fincl Stmt | $0 | ExpensesNotRptFinclStmtAmt |
| Total Expenses Per Form990 | $8,633,502 | TotalExpensesPerForm990Amt |
Supplemental Information Detail SupplementalInformationDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Form And Line Reference | PART X, LINE 2: | FormAndLineReferenceDesc |
| Explanation | THE INTERNAL REVENUE SERVICE HAS DETERMINED THAT GREATER MSP IS A NONPROFIT MINNESOTA CORPORATION EXEMPT FROM INCOME TAX UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE (IRC) AND IS NOT A PRIVATE FOUNDATION AS DEFINED BY SECTION 509(A). 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. 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 2021. | ExplanationTxt |
Schedule I IRS990ScheduleI
| Field | Value | IRS element (for citing) |
|---|---|---|
| Grant Records Maintained | Yes (1) | GrantRecordsMaintainedInd |
Recipient Table RecipientTable (3 entries)
| Address Line1USAddress/AddressLine1Txt | CityUSAddress/CityNm | State AbbreviationUSAddress/StateAbbreviationCd | ZIPUSAddress/ZIPCd | Recipient EINRecipientEIN | IRC SectionIRCSectionDesc | Cash GrantCashGrantAmt | Non Cash AssistanceNonCashAssistanceAmt | Purpose Of GrantPurposeOfGrantTxt |
|---|---|---|---|---|---|---|---|---|
| CEO LEADERSHIP ALLIANCE ORANGE COUNTY | ||||||||
| 668 N COAST HWY 319 | LAGUNA BEACH | CA | 92651 | 873516668 | 501(C)(3) | $10,000 | $0 | SPONSORSHIP OF THE 2024 NATIONAL TALENT COLLABORATIVE |
| GREAT NORTHERN WINTER FESTIVAL | ||||||||
| 206 NORTH FIRST STREET | MINNEAPOLIS | MN | 55401 | 815138735 | 501(C)(3) | $25,000 | $0 | SPONSORSHIP OF THE GREAT NORTHERN 2024 FESTIVAL |
| FILMNORTH | ||||||||
| 550 VANDALIA ST STE 120 | SAINT PAUL | MN | 55114 | 411594894 | 501(C)(3) | $25,000 | $0 | SUNDANCE BID PROPOSAL SUPPORT |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total501c3 Org | 3 | Total501c3OrgCnt |
| Total Other Org | 0 | TotalOtherOrgCnt |
Supplemental Information Detail SupplementalInformationDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Form And Line Reference | PART I, LINE 2: | FormAndLineReferenceDesc |
| Explanation | GREATER MSP SPONSORS VARIOUS ORGANIZATIONS AND EVENTS EACH YEAR. GREATER MSP'S SPONSORSHIP PAYMENTS MAY BE USED BY THE RECIPIENT ORGANIZATIONS AT THEIR DISCRETION. | ExplanationTxt |
Schedule J IRS990ScheduleJ
| Field | Value | IRS element (for citing) |
|---|---|---|
| Idemnification Gross Up Pmts | Yes (X) | IdemnificationGrossUpPmtsInd |
| Club Dues Or Fees | Yes (X) | ClubDuesOrFeesInd |
| Written Policy Ref T And E Expnss | Yes (1) | WrittenPolicyRefTAndEExpnssInd |
| Substantiation Required | Yes (1) | SubstantiationRequiredInd |
| Compensation Committee | Yes (X) | CompensationCommitteeInd |
| Independent Consultant | Yes (X) | IndependentConsultantInd |
| Form990 Of Other Organizations | Yes (X) | Form990OfOtherOrganizationsInd |
| Compensation Survey | Yes (X) | CompensationSurveyInd |
| Board Or Committee Approval | Yes (X) | BoardOrCommitteeApprovalInd |
| Severance Payment | 0 | SeverancePaymentInd |
| Supplemental Nonqual Rtr Plan | 0 | SupplementalNonqualRtrPlanInd |
| Equity Based Comp Arrngm | 0 | EquityBasedCompArrngmInd |
| Comp Based On Revenue Of Flng Org | 0 | CompBasedOnRevenueOfFlngOrgInd |
| Comp Bsd On Rev Related Orgs | 0 | CompBsdOnRevRelatedOrgsInd |
| Comp Bsd Net Earns Flng Org | 0 | CompBsdNetEarnsFlngOrgInd |
| Comp Bsd Net Earns Rltd Orgs | 0 | CompBsdNetEarnsRltdOrgsInd |
| Any Non Fixed Payments | 0 | AnyNonFixedPaymentsInd |
| Initial Contract Exception | 0 | InitialContractExceptionInd |
Rltd Org Officer Trst Key Empl RltdOrgOfficerTrstKeyEmplGrp (10 entries)
| TitleTitleTxt | Base Compensation Filing OrgBaseCompensationFilingOrgAmt | Compensation Based On Rltd OrgsCompensationBasedOnRltdOrgsAmt | Bonus Filing OrganizationBonusFilingOrganizationAmount | Bonus Related OrganizationsBonusRelatedOrganizationsAmt | Other Compensation Filing OrgOtherCompensationFilingOrgAmt | Other Compensation Rltd OrgsOtherCompensationRltdOrgsAmt | Deferred Compensation Flng OrgDeferredCompensationFlngOrgAmt | Deferred Comp Rltd OrgsDeferredCompRltdOrgsAmt | Nontaxable Benefits Filing OrgNontaxableBenefitsFilingOrgAmt | Nontaxable Benefits Rltd OrgsNontaxableBenefitsRltdOrgsAmt | Total Compensation Filing OrgTotalCompensationFilingOrgAmt | Total Compensation Rltd OrgsTotalCompensationRltdOrgsAmt | Comp Report Prior990 Filing OrgCompReportPrior990FilingOrgAmt | Comp Report Prior990 Rltd OrgsCompReportPrior990RltdOrgsAmt |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| PETER FROSCH | ||||||||||||||
| PRESIDENT & CEO | $412,548 | $0 | $88,100 | $0 | $487 | $0 | $12,845 | $0 | $2,012 | $0 | $515,992 | $0 | $0 | $0 |
| AMANDA TAYLOR | ||||||||||||||
| VICE PRESIDENT, BUSINESS INVESTMENT | $205,888 | $0 | $41,600 | $0 | $487 | $0 | $10,734 | $0 | $31,055 | $0 | $289,764 | $0 | $0 | $0 |
| MORRIS GOODWIN JR | ||||||||||||||
| MANAGING DIRECTOR, FORGE NORTH | $234,740 | $0 | $17,520 | $0 | $0 | $0 | $0 | $0 | $31,776 | $0 | $284,036 | $0 | $0 | $0 |
| MATTHEW K LEWIS | ||||||||||||||
| VICE PRESIDENT, PARTNERSHIP STRATEGY | $215,167 | $0 | $42,000 | $0 | $487 | $0 | $12,630 | $0 | $4,517 | $0 | $274,801 | $0 | $0 | $0 |
| CATHERINE PENKERT | ||||||||||||||
| VICE PRESIDENT, OPERATIONS | $201,821 | $0 | $25,070 | $0 | $487 | $0 | $9,122 | $0 | $114 | $0 | $236,614 | $0 | $0 | $0 |
| JULIA SILVIS | ||||||||||||||
| MANAGING DIRECTOR, RESEARCH AND INTE | $196,162 | $0 | $19,375 | $0 | $0 | $0 | $10,782 | $0 | $97 | $0 | $226,416 | $0 | $0 | $0 |
| JENNIFER M LINDEMER | ||||||||||||||
| DIRECTOR, ORGANIZATIONAL DEVELOPMENT | $167,535 | $0 | $16,000 | $0 | $0 | $0 | $9,600 | $0 | $32,724 | $0 | $225,859 | $0 | $0 | $0 |
| IEESHA M COLLINS | ||||||||||||||
| ENTERPRISE DIRECTOR, TALENT, INCLUSI | $184,557 | $0 | $13,695 | $0 | $0 | $0 | $8,050 | $0 | $15,780 | $0 | $222,082 | $0 | $0 | $0 |
| JOANNE BERKENKAMP | ||||||||||||||
| MANAGING DIRECTOR, MBOLD | $181,588 | $0 | $12,250 | $0 | $0 | $0 | $9,220 | $0 | $13,629 | $0 | $216,687 | $0 | $0 | $0 |
| KRISTIN GUILD | ||||||||||||||
| DIRECTOR, BUSINESS BRIDGE AND TALENT | $160,075 | $0 | $15,490 | $0 | $0 | $0 | $7,669 | $0 | $0 | $0 | $183,234 | $0 | $0 | $0 |
Supplemental Information Detail SupplementalInformationDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Form And Line Reference | PART I, LINE 1A | FormAndLineReferenceDesc |
| Explanation | GREATER MSP PAID FOR THE ANNUAL DUES TO THE MINNEAPOLIS CLUB (A BUSINESS CLUB) FOR THE ORGANIZATION'S CEO AND VICE PRESIDENTS. 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 MEETINGS, 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 2024 COMPENSATION INCLUDED A GROSS-UP FOR THE ANNUAL PREMIUM FOR THE CEO'S SUPPLEMENTAL LONG TERM DISABILITY AND SUPPLEMENTAL LIFE INSURANCE PER THE CEO'S EMPLOYMENT CONTRACT. THE ORGANIZATION'S VICE PRESIDENTS' 2024 COMPENSATION INCLUDED A GROSS-UP FOR THE ANNUAL PREMIUM FOR THEIR SUPPLEMENTAL LIFE INSURANCE. | ExplanationTxt |
Schedule O IRS990ScheduleO
Supplemental Information Detail SupplementalInformationDetail (6 entries)
| Form And Line ReferenceFormAndLineReferenceDesc | ExplanationExplanationTxt |
|---|---|
| FORM 990, PART III, LINE 4A, PROGRAM SERVICE ACCOMPLISHMENTS CONTINUED: | IN 2024, GREATER MSP EXECUTED THE REGIONAL ECONOMIC STRATEGY WITH 50 PROJECTS ACROSS THE ENTERPRISE. OVER 1000 LEADERS FROM ACROSS THE REGION ACTIVELY PARTICIPATED. THE RESULTS BELOW ARE ONLY A FEW HIGHLIGHTS AMONG DOZENS. TAKEN AS A WHOLE, THE SCALE AND BREADTH OF ACCOMPLISHMENTS SET AN ALL-TIME HIGH FOR OUR REGIONAL PARTNERSHIP AND POSITIONS US FOR MUCH BIGGER THINGS IN 2025. - TOGETHER WE WON 21 NATIONALLY-COMPETITIVE BUSINESS EXPANSION AND ATTRACTION PROJECTS; NEW R&D FACILITIES, SMART MANUFACTURING PLANTS, HYPERSCALE DATA CENTERS BRINGING $1.5 BILLION IN NEW, PRIVATE INVESTMENT INTO THIS REGION'S ECONOMY AND ADDING 2,280 NEW GOOD JOBS ACROSS THE REGION. - WE SECURED NEW DIRECT ROUTES FROM MSP INTERNATIONAL AIRPORT TO COPENHAGEN AND ROME AND BROUGHT A NEW TRANSATLANTIC CARRIER LUFTHANSA TO MINNESOTA, PROVIDING ENHANCED CONNECTIVITY NOT ONLY TO EUROPE, BUT ALSO INDIA AND AFRICA. - A TEAM OF MINNESOTA-BASED CORPORATE PROCUREMENT LEADERS CALLED BUSINESS BRIDGE SPENT $13 BILLION WITH SMALL AND MEDIUM SIZED BUSINESSES ACROSS THE STATEA 19% INCREASE OVER LAST YEARINCLUDING MORE THAN $800 MILLION OF SPENDING WITH MINORITY-OWNED FIRMS. - WE HELPED POLAR SEMICONDUCTOR ADVANCE THEIR $525 MILLION EXPANSION AND SKYWATER TECHNOLOGY'S $200 MILLION EXPANSION IN BLOOMINGTON WITH AWARDS FROM THE U.S. CHIPS OFFICE AND THE STATE OF MINNESOTA THROUGH AN EFFORT CALLED THE MINNESOTA CHIPS COALITION. - THE MINNESOTA SAF HUB SECURED A $5 BILLION INVESTMENT FOR A NEW BIO-REFINERY IN MOORHEAD THAT WILL PRODUCE 193 MILLION GALLONS OF JET FUEL MADE FROM AGRICULTURAL WASTE. BECAUSE OF WINS LIKE THIS, MINNESOTA IS NOW RECOGNIZED AS HAVING THE WORLD'S MOST ADVANCED EFFORT TO DECARBONIZE AIR TRAVELONE OF THE WORLD'S HARDEST CLIMATE PROBLEMS. - THE MINNESOTA SAF HUB ACHIEVED A MAJOR MILESTONE WITH THE FIRST FLIGHT TO LEAVE MSP AIRPORT FUELED WITH SAF - THROUGH FORGE NORTH WE TRAINED DOZENS OF NEW ANGEL INVESTORS AND CONNECTED HUNDREDS VIA ANGEL EDUCATION PROGRAMMING AND INVESTMENT EVENTS WHILE BRINGING NEW VENTURE CAPITAL FUNDS TO MINNESOTA, COLLECTIVELY CATALYZING MILLIONS IN NEW VENTURE CAPITAL INVESTMENTS - THROUGH THE ITASCA PROJECT'S "CATALYZING CIVIC LEADERSHIP" EFFORTS, WE FACILITATED CRITICAL CONVERSATIONS TO ADDRESS THE REGION'S PRESSING CHALLENGES AND OPPORTUNITIES BY BRINGING TOGETHER OVER 300 REGIONAL LEADERS TO EXPLORE INNOVATIVE APPROACHES TO ECONOMIC GROWTH, EQUITABLE TALENT DEVELOPMENT, AND CIVIC ENGAGEMENT. - CONNEXTMSP PARTNERED WITH ECMC GROUP TO LAUNCH THE CO-LAB, A RESOURCE HUB DESIGNED BY AND FOR YOUNG ADULTS OF COLOR. - WE WON THE PUBLIC LEADERSHIP AWARD FROM U OF MN HUMPHREY SCHOOL FOR CONTRIBUTION TO THE COMMON GOOD - WE CONTINUED TO ADD CAPABILITY, GROWING OUR ABILITY TO ACT BIGGER, BOLDER AND FASTER BY BUILDING STATEWIDE ECONOMIES ANCHORED IN THE GREATER MSP REGION, HOSTING 500+ COLLABORATORS AND VISITORS IN OUR NEW OFFICE, AND WORKING WITH OVER 250 LEADERS FROM 40 PRIVATE, PUBLIC, AND NONPROFIT ENTITIES ON MEDTECH 3.0 - WE WELCOMED AND CONNECTED HUNDREDS OF SUMMER INTERNS FROM ACROSS THE COUNTRY AT MINNESOTA'S TOP EMPLOYERS DURING THE DISCOVER MSP INTERN WEEK WITH EVENTS ACROSS MINNEAPOLIS, SAINT PAUL, AND BLOOMINGTON |
| 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 THEIR REVIEW AND COMMENTS PRIOR TO ITS SUBMISSION. |
| FORM 990, PART VI, SECTION B, LINE 12C | THE PURPOSE OF THIS CONFLICT OF INTEREST POLICY (THE "POLICY") IS TO PROTECT THE INTERESTS OF THE MINNEAPOLIS ST. PAUL REGIONAL ECONOMIC DEVELOPMENT PARTNERSHIP (THE "CORPORATION") WHEN IT IS CONTEMPLATING ENTERING INTO A TRANSACTION OR ARRANGEMENT THAT MIGHT BENEFIT THE PRIVATE INTEREST OF AN OFFICER OR DIRECTOR OF THE CORPORATION OR MIGHT RESULT IN A POSSIBLE EXCESS BENEFIT TRANSACTION. ANY DIRECTOR, PRINCIPAL OFFICER, OR MEMBER OF A COMMITTEE WITH GOVERNING BOARD DELEGATED POWERS, WHO HAS A DIRECT OR INDIRECT FINANCIAL INTEREST IS AN INTERESTED PERSON. A PERSON HAS A FINANCIAL INTEREST IF THE PERSON HAS, DIRECTLY OR INDIRECTLY, THROUGH BUSINESS, INVESTMENT, OR FAMILY: AN OWNERSHIP OR INVESTMENT INTEREST IN ANY ENTITY WITH WHICH THE CORPORATION HAS A TRANSACTION OR ARRANGEMENT, A COMPENSATION ARRANGEMENT WITH THE CORPORATION OR WITH ANY ENTITY OR INDIVIDUAL WITH WHICH THE CORPORATION HAS A TRANSACTION OR ARRANGEMENT, OR A POTENTIAL OWNERSHIP OR INVESTMENT INTEREST IN, OR COMPENSATION ARRANGEMENT WITH, ANY ENTITY OR INDIVIDUAL WITH WHICH THE CORPORATION IS NEGOTIATING A TRANSACTION OR ARRANGEMENT. COMPENSATION INCLUDES DIRECT AND INDIRECT REMUNERATION AS WELL AS GIFTS OR FAVORS THAT ARE NOT INSUBSTANTIAL. IN CONNECTION WITH ANY ACTUAL OR POSSIBLE CONFLICT OF INTEREST, AN INTERESTED PERSON MUST DISCLOSE THE EXISTENCE OF THE FINANCIAL INTEREST AND BE GIVEN THE OPPORTUNITY TO DISCLOSE ALL MATERIAL FACTS TO THE DIRECTORS AND MEMBERS OF COMMITTEES WITH GOVERNING BOARD DELEGATED POWERS CONSIDERING THE PROPOSED TRANSACTION OR ARRANGEMENT. AFTER DISCLOSURE OF THE FINANCIAL INTEREST AND ALL MATERIAL FACTS, AND AFTER ANY DISCUSSION WITH THE INTERESTED PERSON, HE/SHE SHALL LEAVE THE GOVERNING BOARD OR COMMITTEE MEETING WHILE THE DETERMINATION OF A CONFLICT OF INTEREST IS DISCUSSED AND VOTED UPON. THE REMAINING BOARD OR COMMITTEE MEMBERS SHALL DECIDE IF A CONFLICT OF INTEREST EXISTS. AN INTERESTED PERSON MAY MAKE A PRESENTATION AT THE GOVERNING BOARD OR COMMITTEE MEETING, BUT AFTER THE PRESENTATION, HE/SHE SHALL LEAVE THE MEETING DURING THE DISCUSSION OF, AND THE VOTE ON, THE TRANSACTION OR ARRANGEMENT INVOLVING THE POSSIBLE CONFLICT OF INTEREST. THE CHAIRPERSON OF THE GOVERNING BOARD OR COMMITTEE SHALL, IF APPROPRIATE, APPOINT A DISINTERESTED PERSON OR COMMITTEE TO INVESTIGATE ALTERNATIVES TO THE PROPOSED TRANSACTION OR ARRANGEMENT. AFTER EXERCISING DUE DILIGENCE, THE GOVERNING BOARD OR COMMITTEE SHALL DETERMINE WHETHER THE CORPORATION CAN OBTAIN WITH REASONABLE EFFORTS A MORE ADVANTAGEOUS TRANSACTION OR ARRANGEMENT FROM A PERSON OR ENTITY THAT WOULD NOT GIVE RISE TO A CONFLICT OF INTEREST. IF A MORE ADVANTAGEOUS TRANSACTION OR ARRANGEMENT IS NOT REASONABLY POSSIBLE UNDER CIRCUMSTANCES NOT PRODUCING A CONFLICT OF INTEREST, THE GOVERNING BOARD OR COMMITTEE SHALL DETERMINE BY A MAJORITY VOTE OF THE DISINTERESTED DIRECTORS WHETHER THE TRANSACTION OR ARRANGEMENT IS IN THE CORPORATION'S BEST INTEREST, FOR ITS OWN BENEFIT, AND WHETHER IT IS FAIR AND REASONABLE. IN CONFORMITY WITH THE ABOVE DETERMINATION IT SHALL MAKE ITS DECISION AS TO WHETHER TO ENTER INTO THE TRANSACTION OR ARRANGEMENT. IF THE GOVERNING BOARD OR COMMITTEE HAS REASONABLE CAUSE TO BELIEVE A MEMBER HAS FAILED TO DISCLOSE ACTUAL OR POSSIBLE CONFLICTS OF INTEREST, IT SHALL INFORM THE MEMBER OF THE BASIS FOR SUCH BELIEF AND AFFORD THE MEMBER AN OPPORTUNITY TO EXPLAIN THE ALLEGED FAILURE TO DISCLOSE. IF, AFTER HEARING THE MEMBER'S RESPONSE AND AFTER MAKING FURTHER INVESTIGATION AS WARRANTED BY THE CIRCUMSTANCES, THE GOVERNING BOARD OR COMMITTEE DETERMINES THE MEMBER HAS FAILED TO DISCLOSE AN ACTUAL OR POSSIBLE CONFLICT OF INTEREST, IT SHALL TAKE APPROPRIATE DISCIPLINARY AND CORRECTIVE ACTION. |
| 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. THE DECISION IS FORMALIZED AND CONTEMPORANEOUSLY DOCUMENTED IN AN ANNUAL SALARY LETTER, SIGNED BY THE CHAIR OF THE GREATER MSP BOARD OF DIRECTORS. THIS PROCESS LAST TOOK PLACE JULY 15, 2024. |
| FORM 990, PART VI, SECTION C, LINE 19 | IN 2024 GREATER MSP MADE ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND AUDITED FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC UPON REQUEST IN THE SAME TIME AND MANNER AS OTHER DISCLOSURES REQUIRED UNDER INTERNAL REVENUE CODE SECTION 6104. |
| FORM 990, PART XII, LINE 2C: | MINNEAPOLIS SAINT PAUL REGIONAL ECONOMIC DEVELOPMENT PARTNERSHIP'S OVERSIGHT AND SELECTION PROCESS HAS NOT CHANGED FROM THE PRIOR TAX YEAR. |
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