2016-07-05T08:22:30-05:00 2015-12-31 410746749 CLIFTONLARSONALLEN LLP 220 SOUTH SIXTH STREET SUITE 300 MINNEAPOLIS MN 55402 990 2015-01-01 410414520 MINNEAPOLIS REGIONAL CHAMBER OF COMMERCE MINN 6123709141 81 SOUTH NINTH STREET NO 200 MINNEAPOLIS MN 55402 JOHN STANOCH INTERIM PRESIDENT & CEO 6123709141 2016-06-29 1 JOHN TAUER P00294068 6123764500 2015 2016-09-27 15:27:22Z JOHN STANOCH 81 SOUTH NINTH STREET NO 200 MINNEAPOLIS MN 55402 2406107 0 X WWW.MINNEAPOLISCHAMBER.ORG X 1881 MN TO ENHANCE THE QUALITY OF LIFE AND LEADERSHIP SKILLS IN THE MINNEAPOLIS AND ST. PAUL AREAS. 42 42 20 100 41720 3786 95877 53395 2090572 2259449 1286 1170 32805 19973 2220540 2333987 70400 41564 0 0 979050 1025136 0 0 0 1153216 1232264 2202666 2298964 17874 35023 977306 1043856 636515 664299 340791 379557 X CREATING POWERFUL PARTNERSHIPS TO UNITE AND GROW MEMBER BUSINESSES AND THE REGION. 0 0 COMMUNITY LEADERSHIP: MRCC CONDUCTED LEADERSHIP TWIN CITIES WITH 52 PARTICIPANTS. LEADERSHIP TWIN CITIES IS A LEADERSHIP DEVELOPMENT PROGRAM THAT INFORMS INDIVIDUALS ABOUT THE CRITICAL ISSUES FACING MINNEAPOLIS AND SURROUNDING CITIES AND CHALLENGES THEM TO MAKE A DIFFERENCE THROUGH PERSONAL COMMITMENT AND INVOLVEMENT. MRCC ORGANIZED AND LED DELEGATION OF 90 COMMUNITY, GOVERNMENT, AND BUSINESS LEADERS TO SAN FRANCISCO, CA FOR AN INTER-CITY LEADERSHIP VISIT, IN WHICH THE LEADERS TOURED THE CITY, MET WITH THEIR COUNTER-PARTS AND HEARD PRESENTATIONS ON SAN FRANCISCO'S ECONOMIC GROWTH STRATEGIES, AMENITIES AND ATTRACTIONS. THE KEYSTONE PROGRAM RECOGNIZES AND HONORS COMPANIES THAT DONATE AT LEAST 2% OF THEIR PRE-TAX EARNINGS TO THE COMMUNITY. OVER 30 YEARS AGO, 23 MINNESOTA COMPANIES CREATED THIS PROGRAM (ORIGINALLY KNOWN AS "THE 5% CLUB") TO RECOGNIZE AND ENCOURAGE CHARITABLE GIVING AND TO SET AN EXAMPLE FOR THEIR BUSINESS COLLEAGUES. KEYSTONE CELEBRATED ITS 39TH YEAR AND ENROLLED OVER 150 MEMBERS IN 2015. MORE THAN 450 INDIVIDUALS ATTENDED THE EVENT IN DECEMBER. SINCE 1991, THE MINNEAPOLIS REGIONAL CHAMBER OF COMMERCE HAS PRESENTED ITS QUALITY OF LIFE AWARDS AS A PUBLIC WAY OF CONGRATULATING LOCAL BUSINESSES FOR DOING WHAT THEY DO BEST, PROVIDING DESIRABLE PLACES TO WORK AND CREATING SOUND COMMUNITIES IN WHICH TO LIVE AND DO BUSINESS. THREE AWARDS ARE GIVEN TO CHAMBER MEMBER BUSINESSES AND/OR ORGANIZATIONS IN THREE CATEGORIES-LARGE, MEDIUM, AND SMALL BUSINESS. NORTHEAST PARADE STARTED IN 1929 AS A STREET CAR PARADE AND CELEBRATED ITS 86TH YEAR FOR THE PARADE IN 2015 WITH APPROXIMATELY 120 ENTRANTS, 120 VOLUNTEERS AND OVER 8,000 PEOPLE IN ATTENDANCE. 0 1 0 1 0 0 0 0 0 1 0 0 0 1 1 0 1 0 0 0 0 0 0 0 0 0 1 0 1 0 0 0 0 0 0 0 0 0 0 0 1 1 0 0 1 8 0 20 1 1 1 0 0 0 0 0 X 42 42 0 0 0 0 1 0 0 1 1 0 1 1 1 1 1 1 1 1 1 0 0 X X CHERYL BUTZ 6123709141 81 S NINTH STREET 200 MINNEAPOLIS MN 55402 LAURA MCCARTEN CHAIR 2.00 2.00 X X 0 0 0 WILLIAM A JONASON PAST CHAIR 2.00 2.00 X X 0 0 0 DAVID PRINCE TREASURER 2.00 2.00 X X 0 0 0 SUSAN ADAMS LOYD BOARD DIRECTOR 0.50 0.10 X 0 0 0 MARK ADKINS BOARD DIRECTOR 0.50 0.10 X 0 0 0 ERIC ANDERSON BOARD DIRECTOR 0.50 0.10 X 0 0 0 TODD J ANLAUF BOARD DIRECTOR 0.50 0.10 X 0 0 0 LESTER BAGLEY BOARD DIRECTOR 0.50 0.10 X 0 0 0 MARK BECKER BOARD DIRECTOR 0.50 0.10 X 0 0 0 EILEEN BERTOZZI BOARD DIRECTOR 2.00 0.10 X 0 0 0 DON BOARNHORST BOARD DIRECTOR 0.50 0.10 X 0 0 0 RANDY BOUSHEK BOARD DIRECTOR 0.50 0.10 X 0 0 0 JAY J COWLES BOARD DIRECTOR 0.50 0.10 X 0 0 0 STEVE CRAMER BOARD DIRECTOR 0.50 0.10 X 0 0 0 KIP ELLIOTT BOARD DIRECTOR 0.50 0.10 X 0 0 0 CHRISTOPHER FERGUSON BOARD DIRECTOR 0.50 0.10 X 0 0 0 DEBBIE FERRY BOARD DIRECTOR 2.00 0.10 X 0 0 0 PAUL FLOOD BOARD DIRECTOR 0.50 0.10 X 0 0 0 ALISON FORD BOARD DIRECTOR 2.00 0.10 X 0 0 0 ROBERT FREEMAN BOARD DIRECTOR 2.00 0.10 X 0 0 0 TOM E GERSTER BOARD DIRECTOR 0.50 0.10 X 0 0 0 DAVID HAKENSEN BOARD DIRECTOR 0.50 0.10 X 0 0 0 ERIC HALVORSON BOARD DIRECTOR 0.50 0.10 X 0 0 0 JAOANN HANSON BOARD DIRECTOR 0.50 0.10 X 0 0 0 BRIAN HERMAN BOARD DIRECTOR 0.50 0.10 X 0 0 0 CORY HOEPPNER BOARD DIRECTOR 0.50 0.10 X 0 0 0 CHRIS HOFSTAD BOARD DIRECTOR 0.50 0.10 X 0 0 0 JOE JACOBSEN BOARD DIRECTOR 0.50 0.10 X 0 0 0 C THEODORE JOHNSON BOARD DIRECTOR 0.50 0.10 X 0 0 0 MATTHEW C JOHNSON BOARD DIRECTOR 0.50 0.10 X 0 0 0 MICHAEL KLINGENSMITH BOARD DIRECTOR 0.50 0.10 X 0 0 0 TONI LEA BOARD DIRECTOR 0.50 0.10 X 0 0 0 KEVIN LEWIS BOARD DIRECTOR 0.50 0.10 X 0 0 0 DAVID LINDSTROM BOARD DIRECTOR 0.50 0.10 X 0 0 0 MARK W LUCKE BOARD DIRECTOR 0.50 0.10 X 0 0 0 TAMMY MERCEL BOARD DIRECTOR 0.50 0.10 X 0 0 0 DIANE NIXA BOARD DIRECTOR 0.50 0.10 X 0 0 0 RAVI NORMAN BOARD DIRECTOR 0.50 0.10 X 0 0 0 JEFF PELLEGROM BOARD DIRECTOR 0.50 0.10 X 0 0 0 JOE RAVENS BOARD DIRECTOR 0.50 0.10 X 0 0 0 JIM ROTH BOARD DIRECTOR 0.50 0.10 X 0 0 0 MARY BETH SCHUBERT BOARD DIRECTOR 0.50 0.10 X 0 0 0 DAN SEEMAN BOARD DIRECTOR 0.50 0.10 X 0 0 0 CHANDA SMITH BAKER BOARD DIRECTOR 0.50 0.10 X 0 0 0 MICHELLE SWANSON BOARD DIRECTOR 2.00 0.10 X 0 0 0 MELVIN TENNANT BOARD DIRECTOR 0.50 0.10 X 0 0 0 PHILLIP TRIER BOARD DIRECTOR 2.00 0.10 X 0 0 0 JOSEPH VORTHERMS BOARD DIRECTOR 0.50 0.10 X 0 0 0 BRIAN WEINREIS BOARD DIRECTOR 0.50 0.10 X 0 0 0 TOM WHITLOCK BOARD DIRECTOR 0.50 0.10 X 0 0 0 PAUL WILLIAMS BOARD DIRECTOR 0.50 0.10 X 0 0 0 MATT ZABEL BOARD DIRECTOR 0.50 0.10 X 0 0 0 TODD KLINGEL PRESIDENT/CEO 40.00 4.00 X 200639 0 45398 CHERYL BUTZ DIRECTOR OF FINANCE 40.00 4.00 X 39644 0 17096 240283 0 62494 1 0 1 0 0 53395 53395 MEMBERSHIP DUES 519100 1138014 1138014 EVENTS, FUNCTIONS 519100 962990 962990 LEADERSHIP PROGRAM 519100 112982 112982 AFFINITY INCOME 519100 25318 25318 ADVERTISING 511120 20145 20145 2259449 1170 1170 10745 7632 3113 3113 60745 64488 -3743 -3743 MISCELLANEOUS INCOME 900099 20603 20603 20603 2333987 2213986 41720 24886 41564 302777 623325 5660 28574 64800 23779 55500 38897 100756 95310 46523 309695 51517 365673 35804 12722 MISCELLANEOUS 56246 BANK SERVICE CHARGES 28396 DUES AND SUBSCRIPTIONS 10390 TAXES 1056 2298964 198377 273785 549333 549844 33105 42755 94444 81059 278848 184435 99365 94413 2682 2000 977306 1043856 85595 107278 531148 522376 19772 34645 636515 664299 X 340791 379557 340791 379557 977306 1043856 X 35023 3743 X 0 1 X 1 0 RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 0 0 0 0 0 0 1138014 74669 74669 76618 -1949 76250 55679 20571 189824 119858 69966 12774 8898 3876 94413 CAPITAL LEASE PAYABLE 25609 DEFERRED RENT BENEFIT 9036 34645 X 2453242 90030 29225 119255 2333987 0 2333987 2417890 90030 28896 118926 2298964 0 2298964 PART X, LINE 2: THE MINNEAPOLIS REGIONAL CHAMBER OF COMMERCE IS A QUALIFIED TAX-EXEMPT NONPROFIT ORGANIZATION UNDER SECTION 501(C)(6) OF THE INTERNAL REVENUE CODE. THE ORGANIZATION IS GENERALLY EXEMPT FROM FEDERAL INCOME TAXES. HOWEVER, THE MINNEAPOLIS REGIONAL CHAMBER OF COMMERCE FILES AN INCOME TAX RETURN RELATING TO ITS UNRELATED BUSINESS INCOME ACTIVITIES. INCOME TAXES FOR UNRELATED BUSINESS INCOME ACTIVITIES ARE ACCRUED AND INCLUDED IN THE COMBINED STATEMENT OF ACTIVITY IN THE YEAR INCURRED. THE ORGANIZATION'S TAX RETURNS ARE SUBJECT TO REVIEW AND EXAMINATION BY FEDERAL AUTHORITIES. PART XI, LINE 2D - OTHER ADJUSTMENTS: REVENUES OF AFFILIATE REPORTED ON A SEPARATE RETURN 17,850. GAMING EXPENSES 7,632. NET INCOME FROM TICKET SALES RECORDED AS PREPAID 3,743. PART XII, LINE 2D - OTHER ADJUSTMENTS: EXPENSES OF AFFILIATE REPORTED ON A SEPARATE RETURN 21,264. GAMING EXPENSES 7,632. 1 POSITIVELY CENTRAL 2823 CENTRAL AVE MINNEAPOLIS MN 55418 461899824 N/A 5000 0 N/A N/A FACADE GRANT CRESCENT MOON BAKERY 2339 CENTRAL AVE NE MINNEAPOLIS MN 55418 411979952 N/A 5000 0 N/A N/A FACADE GRANT CENTRAL AVENUE LIQUORS 2538 CENTRAL AVE NE MINNEAPOLIS MN 55418 N/A 5000 0 N/A N/A FACADE GRANT AMBENTE GALLERY 505 1ST AVE NE MINNEAPOLIS MN 55418 N/A 5000 0 N/A N/A FACADE GRANT 0 4 PART I, LINE 2: THE CHAMBER PROVIDES FACADE GRANTS TO BUSINESSES TO IMPROVE STORE FRONTS. THE CHAMBER REQUIRES BOTH AN APPLICATION AND A COMPLETION CERTIFICATE FOR EACH FACADE GRANT PROJECT. THE CHAMBER REVIEWS THE APPLICATION TO ENSURE ALL CRITERIA DEFINED BY THE CHAMBER HAVE BEEN MET TO BE BOTH ELIGIBLE AND TO RECEIVE FUNDS. THE CHAMBER REQUIRES A COMPLETION CERTIFICATE FROM THE GRANTEE AS PROOF THAT PROJECTS HAVE BEEN COMPLETED AND MEET THE GOALS DEFINED IN THE APPLICATION PROCESS. X X X X 0 0 0 TODD KLINGEL PRESIDENT/CEO 184188 0 15000 0 1451 0 21968 0 23430 0 246037 0 15000 0 FORM 990, PART VI, SECTION A, LINE 1 THE CHAMBER'S EXECUTIVE COMMITTEE CONSISTS OF THE BOARD CHAIR, CHAIR-ELECT, FIRST VICE CHAIR, SECRETARY/TREASURER, IMMEDIATE PAST CHAIR, EACH AREA COUNCIL CHAIR AND THREE TO FIVE BOARD MEMBERS APPOINTED BY THE CHAIR. IN THE INTERIM BETWEEN MEETINGS OF THE BOARD OF DIRECTORS, THE EXECUTIVE COMMITTEE HAS THE CHARGE OF ROUTINE BUSINESS OF THE CHAMBER AND IS PERMITTED TO ESTABLISH POLICIES OF THE CHAMBER ON ALL MATTERS, INCLUDING MATTERS OF A PUBLIC POLICY OR LEGISLATIVE NATURE. IT SHALL HAVE GENERAL CHARGE OF THE FINANCES AND PROPERTY OF THE CHAMBER AND SHALL HAVE AUTHORITY TO ORDER DISBURSEMENTS FOR NECESSARY EXPENSES AND MAY, ACTING THROUGH THE SECRETARY/TREASURER, GRANT TO ANY COMMITTEE A REASONABLE AMOUNT OF MONEY FOR SPECIAL WORK. THE EXECUTIVE COMMITTEE MAY REFER MATTERS BROUGHT BEFORE IT TO ANY OTHER COMMITTEE OR TASK FORCE. THE EXECUTIVE COMMITTEE IS THE PRIMARY LIAISON BETWEEN THE BOARD OF DIRECTORS AND THE AREA BOARDS OF DIRECTORS, AND IS RESPONSIBLE FOR COMMUNICATING AND ENFORCING THE DIRECTIVES AND POLICY OF THE BOARD OF DIRECTORS. FORM 990, PART VI, SECTION A, LINE 6 MEMBERS CONSIST OF BUSINESSES IN THE MINNEAPOLIS REGIONAL AREA; BOARD MEMBER'S COMPANIES ARE REQUIRED TO BE MEMBERS OF THE MINNEAPOLIS REGIONAL CHAMBER OF COMMERCE. FORM 990, PART VI, SECTION B, LINE 11 THE FINANCE/AUDIT COMMITTEE WILL REVIEW THE COMPLETED FORM 990, WHICH WILL BE COMPLETED BY AN INDEPENDENT ACCOUNTING FIRM, BEFORE THE FORM 990 IS SUBMITTED. FORM 990, PART VI, SECTION B, LINE 12C THE CONFLICT OF INTEREST POLICY COVERS DIRECTORS, OFFICERS AND EMPLOYEES OF THE ORGANIZATION. EACH RESPONSIBLE PERSON MUST REVIEW THE POLICY AND ANNUALLY COMPLETE A DISCLOSURE FOR IDENTIFYING ANY RELATIONSHIPS, POSITIONS OR CIRCUMSTANCES IN WHICH THE RESPONSIBLE PERSON IS INVOLVED THAT HE OR SHE BELIEVES COULD CONTRIBUTE TO A CONFLICT OF INTEREST ARISING. ANY SUCH INFORMATION REGARDING A BUSINESS INTEREST IS GENERALLY MADE AVAILABLE TO THE CHAIR, THE PRESIDENT, EXECUTIVE DIRECTOR AND ANY COMMITTEE APPOINTMENT TO ADDRESS CONFLICTS OF INTEREST, EXCEPT TO THE EXTENT ADDITIONAL DISCLOSURE IS NECESSARY IN CONNECTION WITH THE IMPLEMENTATION OF THIS POLICY. A PERSON WHO HAS A CONFLICT OF INTEREST SHALL NOT PARTICIPATE IN DISCUSSIONS OF THE MATTER EXCEPT TO DISCLOSE MATERIAL FACTS AND TO RESPOND TO QUESTIONS. THE PERSON HAVING A CONFLICT OF INTEREST MAY NOT VOTE ON THE CONTRACT OR TRANSACTION AND SHALL NOT BE PRESENT IN THE MEETING ROOM WHEN THE VOTE IS TAKEN, UNLESS THE VOTE IS A SECRET BALLOT. PROCEEDINGS RELATED TO CONFLICTS OF INTEREST ARE DOCUMENTED IN THE MEETING MINUTES. FORM 990, PART VI, SECTION B, LINE 15A COMPARABLE SURVEY DATA FROM NONPROFIT ORGANIZATIONS, THE NATIONAL CHAMBER OF COMMERCE, AND OTHER ASSOCIATION MARKET DATA IS PROVIDED TO THE COMPENSATION COMMITTEE TO REVIEW AND APPROVE FOR OFFICER'S COMPENSATION. A 3% INCREASE WAS GIVEN IN 2011; THE COMPENSATION COMMITTEE REVIEWED SURVEY DATA IN 2010. THEY REVIEWED AND APPROVED THE TOTAL COMPENSATION PACKAGE FOR THE PRESIDENT/CEO FOR 2009 AND 2010 AT THIS TIME, NO ADDITIONAL MEETINGS WERE HELD IN 2011 TO REVIEW COMPENSATION OF THE PRESIDENT/CEO. THE PRESIDENT/CEO IS THE ONLY EMPLOYEE THAT HAD COMPENSATION REVIEWED BY THE COMMITTEE. A FORMAL REVIEW OF THE SALARY OF THE PRESIDENT/CEO WAS CONDUCTED IN 2014. AT THAT TIME A REVIEW OF THE SALARY SURVEYS LISTED ABOVE WERE USED. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION MAKES ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC ON THE WEBSITE AND UPON REQUEST. FORM 990, PART XI, LINE 9: NET INCOME FROM TICKET SALES RECORDED AS PREPAID 3,743. MINNEAPOLIS REGIONAL CHAMBER DEVELOPMENT FOUNDATION 81 S NINTH ST 200 MINNEAPOLIS MN 55402 363468708 ECONOMIC DEVELOPMENT MN 501(C)(3) LINE 7 MINNEAPOLIS REGIONAL CHAMBER OF COMMERCE 1 0 0 0 0 0 0 0 0 0 0 0 1 0 1 1 0 1 1 1