2015-08-20T09:07:13-05:00 2014-12-31 410746749 CLIFTONLARSONALLEN LLP 220 SOUTH SIXTH STREET SUITE 300 MINNEAPOLIS MN 55402 990 2014-01-01 410414520 MINNEAPOLIS REGIONAL CHAMBER OF COMMERCE MINN 6123709141 81 SOUTH NINTH STREET NO 200 MINNEAPOLIS MN 55402 TODD KLINGEL PRESIDENT & CEO 6123709141 2015-07-17 1 JOHN TAUER P00294068 6123764500 2014 2016-03-07 17:11:31Z TODD KLINGEL 81 SOUTH NINTH STREET NO 200 MINNEAPOLIS MN 55402 2320970 0 X WWW.MINNEAPOLISCHAMBER.ORG X 1881 MN CREATING POWERFUL PARTNERSHIPS TO UNITE AND GROW MEMBER BUSINESSES AND THE REGION. 46 41 22 100 46740 3818 136204 95877 1990824 2090572 1704 1286 32845 32805 2161577 2220540 59000 70400 0 0 966761 979050 0 0 0 1162758 1153216 2188519 2202666 -26942 17874 971211 977306 656072 636515 315139 340791 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, AMENTITIES 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 38TH YEAR AND ENROLLED OVER 150 MEMBERS IN 2014. 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 85TH YEAR FOR THE PARADE IN 2014 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 1 0 0 0 0 0 1 1 0 0 1 9 0 22 1 1 1 0 0 0 0 0 X 46 41 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 WILLIAM JOHANSON CHAIR 1.00 1.00 X X 0 0 0 PATRICIA GRAZZINI TREASURER 1.00 1.00 X X 0 0 0 MARK ADKINS BOARD DIRECTOR 1.00 1.00 X X 0 0 0 TODD ANLAUF BOARD DIRECTOR 1.00 1.00 X 0 0 0 LESTER BAGLEY BOARD DIRECTOR 0.30 0.10 X 0 0 0 MARK BECKER BOARD DIRECTOR 0.30 0.10 X 0 0 0 EILEEN BERTOZZI BOARD DIRECTOR 0.30 0.10 X 0 0 0 DON BORNHORST BOARD DIRECTOR 0.30 0.10 X 0 0 0 RANDY BOUSHEK BOARD DIRECTOR 0.30 0.10 X 0 0 0 JAY COWLES BOARD DIRECTOR 0.30 0.10 X 0 0 0 STEVE CRAMER BOARD DIRECTOR 0.30 0.10 X 0 0 0 KIP ELLIOTT BOARD DIRECTOR 0.30 0.10 X 0 0 0 DEBORAH FERRY BOARD DIRECTOR 0.30 0.10 X 0 0 0 PAUL FLOOD BOARD DIRECTOR 0.30 0.10 X 0 0 0 ROBERT FREEMAN BOARD DIRECTOR 0.30 0.10 X 0 0 0 THOMAS E GERSTER BOARD DIRECTOR 0.30 0.10 X 0 0 0 DAVID HAKENSEN BOARD DIRECTOR 0.30 0.10 X 0 0 0 ERIC HALVORSON BOARD DIRECTOR 0.30 0.10 X 0 0 0 JOANN HANSON BOARD DIRECTOR 0.30 0.10 X 0 0 0 BRIAN HERMAN BOARD DIRECTOR 0.30 0.10 X 0 0 0 CORY HOEPPNER BOARD DIRECTOR 0.30 0.10 X 0 0 0 CHRIS HOFSTAD BOARD DIRECTOR 0.30 0.10 X 0 0 0 JOE JACOBSEN BOARD DIRECTOR 0.30 0.10 X 0 0 0 MATT JOHNSON BOARD DIRECTOR 0.30 0.10 X 0 0 0 C THEODORE JOHNSON BOARD DIRECTOR 0.30 0.10 X 0 0 0 MICHAEL KLINGENSMITH BOARD DIRECTOR 0.30 0.10 X 0 0 0 TONI LEA BOARD DIRECTOR 0.30 0.10 X 0 0 0 KEVIN LEWIS BOARD DIRECTOR 0.30 0.10 X 0 0 0 DAVID LINDSTROM BOARD DIRECTOR 0.30 0.10 X 0 0 0 MARK LUCKE BOARD DIRECTOR 0.30 0.10 X 0 0 0 LAURA MCCARTEN BOARD DIRECTOR 0.30 0.10 X 0 0 0 TAMMY MERCEL BOARD DIRECTOR 0.30 0.10 X 0 0 0 SUSAN O'REILLY BOARD DIRECTOR 0.30 0.10 X 0 0 0 JEFF PELLEGROM BOARD DIRECTOR 0.30 0.10 X 0 0 0 DAVID PRINCE BOARD DIRECTOR 0.30 0.10 X 0 0 0 IRENE QUARSHIE BOARD DIRECTOR 0.30 0.10 X 0 0 0 JOE RAVENS BOARD DIRECTOR 0.30 0.10 X 0 0 0 JIM ROTH BOARD DIRECTOR 0.30 0.10 X 0 0 0 MARY BETH SCHUBERT BOARD DIRECTOR 0.30 0.10 X 0 0 0 DAN SEEMAN BOARD DIRECTOR 0.30 0.10 X 0 0 0 KENNETH SORENSEN BOARD DIRECTOR 0.30 0.10 X 0 0 0 MELVIN TENNANT BOARD DIRECTOR 0.30 0.10 X 0 0 0 ANDRE' THIBAULT BOARD DIRECTOR 0.30 0.10 X 0 0 0 PHILIP TRIER BOARD DIRECTOR 0.30 0.10 X 0 0 0 JOSEPH VORTHERMS BOARD DIRECTOR 0.30 0.10 X 0 0 0 BRIAN WEINREIS BOARD DIRECTOR 0.30 0.10 X 0 0 0 STEVE JAHN BOARD DIRECTOR (LEFT IN 2014) 0.30 0.10 X 0 0 0 SANG KIM BOARD DIRECTOR (LEFT IN 2014) 0.30 0.10 X 0 0 0 TODD KLINGEL PRESIDENT/CEO 40.00 5.00 X 188548 0 43265 188548 0 43265 1 0 1 0 0 95877 95877 MEMBERSHIP DUES 519100 1110450 1110450 EVENTS, FUNCTIONS 519100 845992 845992 LEADERSHIP PROGRAM 519100 114304 114304 ADVERTISING 511120 19800 19800 INFORMATION SERVICES 519100 26 26 2090572 1286 1286 92652 100430 -7778 -7778 MISCELLANEOUS INCOME 900099 40583 34718 5865 40583 2220540 2070772 46740 7151 70400 216814 652476 2674 47661 59425 45090 7500 4963 114507 90570 37160 300558 69010 353879 28101 14391 MISCELLANEOUS 42736 BANK SERVICE CHARGES 28690 DUES AND SUBSCRIPTIONS 15176 TAXES 885 2202666 205658 198377 548859 549333 37961 33105 78628 94444 553010 453645 82014 99365 18091 2682 971211 977306 123186 85595 513427 531148 19459 19772 656072 636515 X 315139 340791 315139 340791 971211 977306 X 17874 7778 X 0 1 X 1 0 RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 0 0 0 0 1110450 25503 25503 33267 -7764 97115 68668 28447 404284 341500 62784 51611 43477 8134 99365 CAPITAL LEASE PAYABLE 17960 DEFERRED RENT BENEFIT 1812 19772 X 2351397 109529 13550 123079 2228318 -7778 -7778 2220540 2389002 109529 76807 186336 2202666 0 2202666 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. THE TAX RETURNS FOR THE YEARS 2011 THROUGH 2013 ARE OPEN TO EXAMINATION BY FEDERAL AUTHORITIES. PART XI, LINE 2D - OTHER ADJUSTMENTS: REVENUES OF AFFILIATE REPORTED ON A SEPARATE RETURN 13,550. PART XI, LINE 4B - OTHER ADJUSTMENTS: NET INCOME FROM TICKET SALES RECORDED AS PREPAID -7,778. PART XII, LINE 2D - OTHER ADJUSTMENTS: EXPENSES OF AFFILIATE REPORTED ON A SEPARATE RETURN 76,807. 1 POSITIVELY CENTRAL 1228 2ND ST NE MINNEAPOLIS MN 55413 N/A 5000 FACADE GRANT BIKE BOX LLC 4747 EMERSON AVE N MINNEAPOLIS MN 55430 N/A 5000 FACADE GRANT NEIC 2506 CENTRAL AVE NE MINNEAPOLIS MN 55418 N/A 5000 FACADE GRANT DAN JAROS 2500 MARSHALL ST NE MINNEAPOLIS MN 55418 N/A 5000 FACADE GRANT 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 172125 0 15000 0 1423 0 19937 0 23328 0 231813 0 15000 0 DELTA AIRLINES BOARD MEMBER AN EMPLOYEE OF DELTA AIRLINES 39287 AIRLINE TICKETS PURCHASED 0 MINNESOTA TWINS BOARD MEMBER AN EMPLOYEE OF THE MINNESOTA TWINS 23609 TWINS TICKETS PURCHASED 0 MINNESOTA WILD BOARD MEMBER AN EMPLOYEE OF THE MINNESOTA WILD 17595 WILD HOCKEY TICKETS PURCHASED 0 U S BANKCORP BOARD MEMBER AN EMPLOYEE OF US BANKCORP 21461 RENT PAID IN BLOOMINGTON FOR OFFICE 0 HYATT REGENCY BOARD MEMBER AN EMPLOYEE OF THE HYATT REGENCY 36047 BANQUET SERVICES PURCHASED FOR PROGRAM EVENT 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 7,778. 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