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MINNEAPOLIS REGIONAL CHAMBER DEVELOPMENT FOUNDATION: Form 990, tax year 2014

View the entire original 990 at ProPublica ↗

Organization
MINNEAPOLIS REGIONAL CHAMBER DEVELOPMENT FOUNDATION (EIN 36-3468708)
Tax period
2014-01-01 to 2014-12-31
Filed
2015-08-24
IRS object ID
201542369349300529
Schema version
2014v5.0
Source
Download XML · Original 990 at ProPublica

Every field in the e-filed return. Faint text is the IRS element name, for citing.

Return header ReturnHeader

FieldValueIRS element (for citing)
Return2015-08-24T12:04:13-05:00ReturnTs
Tax Period End2014-12-31TaxPeriodEndDt

Preparer Firm PreparerFirmGrp

FieldValueIRS element (for citing)
Preparer Firm EIN410746749PreparerFirmEIN

Preparer Firm Name PreparerFirmName

FieldValueIRS element (for citing)
Business Name Line1CLIFTONLARSONALLEN LLPBusinessNameLine1Txt

Preparer US Address PreparerUSAddress

FieldValueIRS element (for citing)
Address Line1220 SOUTH SIXTH STREET SUITE 300AddressLine1Txt
CityMINNEAPOLISCityNm
State AbbreviationMNStateAbbreviationCd
ZIP55402ZIPCd
FieldValueIRS element (for citing)
Return Type990ReturnTypeCd
Tax Period Begin2014-01-01TaxPeriodBeginDt

Filer Filer

FieldValueIRS element (for citing)
EIN363468708EIN

Business Name BusinessName

FieldValueIRS element (for citing)
Business Name Line1MINNEAPOLIS REGIONAL CHAMBERBusinessNameLine1Txt
Business Name Line2DEVELOPMENT FOUNDATIONBusinessNameLine2Txt
FieldValueIRS element (for citing)
Business Name ControlMINNBusinessNameControlTxt
Phone6123709100PhoneNum

US Address USAddress

FieldValueIRS element (for citing)
Address Line181 SOUTH NINTH STREET NO 200AddressLine1Txt
CityMINNEAPOLISCityNm
State AbbreviationMNStateAbbreviationCd
ZIP55402ZIPCd

Business Officer BusinessOfficerGrp

FieldValueIRS element (for citing)
PersonTODD KLINGELPersonNm
Person TitlePRESIDENT & CEOPersonTitleTxt
Phone6123709100PhoneNum
Signature2015-07-17SignatureDt
Discuss With Paid PreparerYes (1)DiscussWithPaidPreparerInd

Preparer Person PreparerPersonGrp

FieldValueIRS element (for citing)
Preparer PersonJOHN TAUERPreparerPersonNm
PTINP00294068PTIN
Phone6123764500PhoneNum
FieldValueIRS element (for citing)
Tax2014TaxYr
Build TS2016-02-25 16:41:14ZBuildTS

Form 990 IRS990

FieldValueIRS element (for citing)
Principal OfficerTODD KLINGELPrincipalOfficerNm

US Address USAddress

FieldValueIRS element (for citing)
Address Line181 SOUTH NINTH STREET NO 200AddressLine1Txt
CityMINNEAPOLISCityNm
State AbbreviationMNStateAbbreviationCd
ZIP55402ZIPCd
FieldValueIRS element (for citing)
Gross Receipts$13,550GrossReceiptsAmt
Group Return For Affiliates0GroupReturnForAffiliatesInd
Organization501c3Yes (X)Organization501c3Ind
Website AddressWWW.MINNEAPOLISCHAMBER.ORGWebsiteAddressTxt
Type Of Organization CorpYes (X)TypeOfOrganizationCorpInd
Formation1986FormationYr
Legal Domicile StateMNLegalDomicileStateCd
Activity Or MissionTO ENHANCE THE QUALITY OF LIFE AND LEADERSHIP SKILLS IN THE MINNEAPOLIS AND ST. PAUL AREAS.ActivityOrMissionDesc
Voting Members Governing Body42VotingMembersGoverningBodyCnt
Voting Members Independent42VotingMembersIndependentCnt
Total Employee0TotalEmployeeCnt
Total Volunteers42TotalVolunteersCnt
Total Gross UBI$0TotalGrossUBIAmt
Net Unrelated Bus Txbl Incm$0NetUnrelatedBusTxblIncmAmt
PY Contributions Grants$354,350PYContributionsGrantsAmt
CY Contributions Grants$13,550CYContributionsGrantsAmt
PY Program Service Revenue$0PYProgramServiceRevenueAmt
CY Program Service Revenue$0CYProgramServiceRevenueAmt
PY Investment Income$0PYInvestmentIncomeAmt
CY Investment Income$0CYInvestmentIncomeAmt
PY Other Revenue$0PYOtherRevenueAmt
CY Other Revenue$0CYOtherRevenueAmt
PY Total Revenue$354,350PYTotalRevenueAmt
CY Total Revenue$13,550CYTotalRevenueAmt
PY Grants And Similar Paid$0PYGrantsAndSimilarPaidAmt
CY Grants And Similar Paid$0CYGrantsAndSimilarPaidAmt
PY Benefits Paid To Members$0PYBenefitsPaidToMembersAmt
CY Benefits Paid To Members$0CYBenefitsPaidToMembersAmt
PY Salaries Comp Emp Bnft Paid$0PYSalariesCompEmpBnftPaidAmt
CY Salaries Comp Emp Bnft Paid$0CYSalariesCompEmpBnftPaidAmt
PY Total Prof Fndrsng Expns$0PYTotalProfFndrsngExpnsAmt
CY Total Prof Fndrsng Expns$0CYTotalProfFndrsngExpnsAmt
CY Total Fundraising Expense$0CYTotalFundraisingExpenseAmt
PY Other Expenses$347,562PYOtherExpensesAmt
CY Other Expenses$76,807CYOtherExpensesAmt
PY Total Expenses$347,562PYTotalExpensesAmt
CY Total Expenses$76,807CYTotalExpensesAmt
PY Revenues Less Expenses$6,788PYRevenuesLessExpensesAmt
CY Revenues Less Expenses-$63,257CYRevenuesLessExpensesAmt
Total Assets BOY$166,777TotalAssetsBOYAmt
Total Assets EOY$87,543TotalAssetsEOYAmt
Total Liabilities BOY$18,776TotalLiabilitiesBOYAmt
Total Liabilities EOY$2,799TotalLiabilitiesEOYAmt
Net Assets Or Fund Balances BOY$148,001NetAssetsOrFundBalancesBOYAmt
Net Assets Or Fund Balances EOY$84,744NetAssetsOrFundBalancesEOYAmt
Info In Schedule O Part IIIYes (X)InfoInScheduleOPartIIIInd
MissionTHE MISSION OF THE MINNEAPOLIS CHAMBER OF COMMERCE DEVELOPMENT FOUNDATION IS TO OFFER INNOVATIVE WAYS OF REDUCING UNEMPLOYMENT, IMPROVE EDUCATIONAL OPPORTUNITIES FOR DISADVANTAGED YOUTH, INITIATE AND CONDUCT LEADERSHIP DEVELOPMENT PROGRAMS AND PROMOTE EFFORTS THAT ENHANCE THE QUALITY OF LIFE AND LEADERSHIP SKILLS IN THE MINNEAPOLIS AND ST. PAUL AREAS.MissionDesc
Significant New Program Srvc0SignificantNewProgramSrvcInd
Significant Change0SignificantChangeInd
Expense$73,718ExpenseAmt
DescECONOMIC DEVELOPMENT: THROUGH THE MINNEAPOLIS REGIONAL CHAMBER DEVELOPMENT FOUNDATION, THE CHAMBER PROVIDES LEADERSHIP PROGRAMS THAT ARE DESIGNED TO EDUCATE CURRENT AND FUTURE BUSINESS EXECUTIVES ABOUT RELEVANT COMMUNITY ISSUES. INFORMATIONAL EVENTS AND NETWORKING OPPORTUNITIES ARE DESIGNED TO PROVIDE BUSINESS ECONOMIC DEVELOPMENT AND COMMUNITY INVOLVEMENT. DURING 2012, THE FOUNDATION BEGAN AN INITIATIVE TO ADDRESS A REGIONAL TRANSIT SYSTEM, WHICH WAS CONTINUED IN 2014.Desc
Total Program Service Expenses$73,718TotalProgramServiceExpensesAmt
Described In Section501c3Yes (1)DescribedInSection501c3Ind
Schedule B RequiredYes (1)ScheduleBRequiredInd
Political Campaign Acty0PoliticalCampaignActyInd
Lobbying Activities0LobbyingActivitiesInd
Subject To Proxy Tax0SubjectToProxyTaxInd
Donor Advised Fund0DonorAdvisedFundInd
Conservation Easements0ConservationEasementsInd
Collections Of Art0CollectionsOfArtInd
Credit Counseling0CreditCounselingInd
Temp Or Permanent Endowments0TempOrPermanentEndowmentsInd
Report Land Building Equipment0ReportLandBuildingEquipmentInd
Report Investments Other Sec0ReportInvestmentsOtherSecInd
Report Program Related Invst0ReportProgramRelatedInvstInd
Report Other Assets0ReportOtherAssetsInd
Report Other LiabilitiesYes (1)ReportOtherLiabilitiesInd
Include FIN48 FootnoteYes (1)IncludeFIN48FootnoteInd
Independent Audit Fincl Stmt0IndependentAuditFinclStmtInd
Consolidated Audit Fincl StmtYes (1)ConsolidatedAuditFinclStmtInd
School Operating0SchoolOperatingInd
Foreign Office0ForeignOfficeInd
Foreign Activities0ForeignActivitiesInd
More Than5000 K To Org0MoreThan5000KToOrgInd
More Than5000 K To Individuals0MoreThan5000KToIndividualsInd
Professional Fundraising0ProfessionalFundraisingInd
Fundraising Activities0FundraisingActivitiesInd
Gaming Activities0GamingActivitiesInd
Operate Hospital0OperateHospitalInd
Grants To Organizations0GrantsToOrganizationsInd
Grants To Individuals0GrantsToIndividualsInd
Schedule J RequiredYes (1)ScheduleJRequiredInd
Tax Exempt Bonds0TaxExemptBondsInd
Engaged In Excess Benefit Trans0EngagedInExcessBenefitTransInd
PY Excess Benefit Trans0PYExcessBenefitTransInd
Loan Outstanding0LoanOutstandingInd
Grant To Related Person0GrantToRelatedPersonInd
Business Rln With Org Mem0BusinessRlnWithOrgMemInd
Business Rln With Fam Mem0BusinessRlnWithFamMemInd
Business Rln With Officer Ent0BusinessRlnWithOfficerEntInd
Deductible Non Cash Contri0DeductibleNonCashContriInd
Deductible Art Contribution0DeductibleArtContributionInd
Terminate Operations0TerminateOperationsInd
Partial Liquidation0PartialLiquidationInd
Disregarded Entity0DisregardedEntityInd
Related EntityYes (1)RelatedEntityInd
Related Organization Ctrl Ent0RelatedOrganizationCtrlEntInd
Trnsfr Exmpt Non Chrtbl Rltd OrgYes (1)TrnsfrExmptNonChrtblRltdOrgInd
Activities Conducted Prtshp0ActivitiesConductedPrtshpInd
Schedule O RequiredYes (1)ScheduleORequiredInd
IRP Document1IRPDocumentCnt
IRP Document W2 G0IRPDocumentW2GCnt
Employee0EmployeeCnt
Unrelated Bus Incm Over Limit0UnrelatedBusIncmOverLimitInd
Foreign Financial Account0ForeignFinancialAccountInd
Prohibited Tax Shelter Trans0ProhibitedTaxShelterTransInd
Taxable Party Notification0TaxablePartyNotificationInd
Nondeductible Contributions0NondeductibleContributionsInd
Quid Pro Quo Contributions0QuidProQuoContributionsInd
Form8282 Property Disposed Of0Form8282PropertyDisposedOfInd
Rcv Fnds To Pay Prsnl Bnft Cntrct0RcvFndsToPayPrsnlBnftCntrctInd
Pay Premiums Prsnl Bnft Cntrct0PayPremiumsPrsnlBnftCntrctInd
Indoor Tanning Services0IndoorTanningServicesInd
Info In Schedule O Part VIYes (X)InfoInScheduleOPartVIInd
Governing Body Voting Members42GoverningBodyVotingMembersCnt
Independent Voting Member42IndependentVotingMemberCnt
Family Or Business Rln0FamilyOrBusinessRlnInd
Delegation Of Mgmt Duties0DelegationOfMgmtDutiesInd
Change To Org Documents0ChangeToOrgDocumentsInd
Material Diversion Or Misuse0MaterialDiversionOrMisuseInd
Members Or Stockholders0MembersOrStockholdersInd
Election Of Board Members0ElectionOfBoardMembersInd
Decisions Subject To Approva0DecisionsSubjectToApprovaInd
Minutes Of Governing BodyYes (1)MinutesOfGoverningBodyInd
Minutes Of CommitteesYes (1)MinutesOfCommitteesInd
Officer Mailing Address0OfficerMailingAddressInd
Local Chapters0LocalChaptersInd
Form990 Provided To Gvrn Body0Form990ProvidedToGvrnBodyInd
Conflict Of Interest PolicyYes (1)ConflictOfInterestPolicyInd
Annual Disclosure Covered PrsnYes (1)AnnualDisclosureCoveredPrsnInd
Regular Monitoring EnfrcYes (1)RegularMonitoringEnfrcInd
Whistleblower PolicyYes (1)WhistleblowerPolicyInd
Document Retention PolicyYes (1)DocumentRetentionPolicyInd
Compensation Process CEO0CompensationProcessCEOInd
Compensation Process Other0CompensationProcessOtherInd
Investment In Joint Venture0InvestmentInJointVentureInd
States Where Copy Of Return Is FldMNStatesWhereCopyOfReturnIsFldCd
Own WebsiteYes (X)OwnWebsiteInd
Upon RequestYes (X)UponRequestInd

Books In Care Of Detail BooksInCareOfDetail

Business Name BusinessName

FieldValueIRS element (for citing)
Business Name Line1CHERYL BUTZBusinessNameLine1Txt
FieldValueIRS element (for citing)
Phone6123709141PhoneNum

US Address USAddress

FieldValueIRS element (for citing)
Address Line181 S NINTH STREET 200AddressLine1Txt
CityMINNEAPOLISCityNm
State AbbreviationMNStateAbbreviationCd
ZIP55402ZIPCd

Form990 Part VII Section A Form990PartVIISectionAGrp (49 entries)

TitleTitleTxtAverage Hours Per WeekAverageHoursPerWeekRtAverage Hours Per Week Rltd OrgAverageHoursPerWeekRltdOrgRtIndividual Trustee Or DirectorIndividualTrusteeOrDirectorIndOfficerOfficerIndReportable Comp From OrgReportableCompFromOrgAmtReportable Comp From Rltd OrgReportableCompFromRltdOrgAmtOther CompensationOtherCompensationAmt
WILLIAM A JONASON
CHAIR1.001.00Yes (X)Yes (X)$0$0$0
LAURA MCCARTEN
CHAIR ELECT1.001.00Yes (X)Yes (X)$0$0$0
PATRICIA J GRAZZINI
TREASURER1.001.00Yes (X)Yes (X)$0$0$0
MARK ADKINS
BOARD DIRECTOR1.001.00Yes (X)$0$0$0
EILEEN BERTOZZI
BOARD DIRECTOR0.100.30Yes (X)$0$0$0
DEBORAH FERRY
BOARD DIRECTOR0.100.30Yes (X)$0$0$0
ROBERT A FREEMAN
BOARD DIRECTOR0.100.30Yes (X)$0$0$0
SUSAN O'REILLY
BOARD DIRECTOR0.100.30Yes (X)$0$0$0
IRENE QUARSHIE
BOARD DIRECTOR0.100.30Yes (X)$0$0$0
ANDRE' THIBAULT
BOARD DIRECTOR0.100.30Yes (X)$0$0$0
PHIL TRIER
BOARD DIRECTOR0.100.30Yes (X)$0$0$0
TODD J ANLAUF
BOARD DIRECTOR0.100.30Yes (X)$0$0$0
LESTER BAGLEY
BOARD DIRECTOR0.100.30Yes (X)$0$0$0
MARK BECKER
BOARD DIRECTOR0.100.30Yes (X)$0$0$0
DON BORNHORST
BOARD DIRECTOR0.100.30Yes (X)$0$0$0
RANDY BOUSHEK
BOARD DIRECTOR0.100.30Yes (X)$0$0$0
JAY J COWLES
BOARD DIRECTOR0.100.30Yes (X)$0$0$0
STEVE CRAMER
BOARD DIRECTOR0.100.30Yes (X)$0$0$0
KIP ELLIOTT
BOARD DIRECTOR0.100.30Yes (X)$0$0$0
PAUL FLOOD
BOARD DIRECTOR0.100.30Yes (X)$0$0$0
TOM E GERSTER
BOARD DIRECTOR0.100.30Yes (X)$0$0$0
DAVID HAKENSEN
BOARD DIRECTOR0.100.30Yes (X)$0$0$0
ERIC HALVORSON
BOARD DIRECTOR0.100.30Yes (X)$0$0$0
JOANN HANSON
BOARD DIRECTOR0.100.30Yes (X)$0$0$0
BRIAN HERMAN
BOARD DIRECTOR0.100.30Yes (X)$0$0$0
CORY HOEPPNER
BOARD DIRECTOR0.100.30Yes (X)$0$0$0
CHRIS HOFSTAD
BOARD DIRECTOR0.100.30Yes (X)$0$0$0
JOE JACOBSEN
BOARD DIRECTOR0.100.30Yes (X)$0$0$0
C THEODORE JOHNSON
BOARD DIRECTOR0.100.30Yes (X)$0$0$0
MATTHEW C JOHNSON
BOARD DIRECTOR0.100.30Yes (X)$0$0$0
MICHAEL KLINGENSMITH
BOARD DIRECTOR0.100.30Yes (X)$0$0$0
TONI LEA
BOARD DIRECTOR0.100.30Yes (X)$0$0$0
KEVIN LEWIS
BOARD DIRECTOR0.100.30Yes (X)$0$0$0
DAVID LINDSTROM
BOARD DIRECTOR0.100.30Yes (X)$0$0$0
MARK W LUCKE
BOARD DIRECTOR0.100.30Yes (X)$0$0$0
TAMMY MENCEL
BOARD DIRECTOR0.100.30Yes (X)$0$0$0
JEFF PELLEGROM
BOARD DIRECTOR0.100.30Yes (X)$0$0$0
DAVID PRINCE
BOARD DIRECTOR0.100.30Yes (X)$0$0$0
JIM ROTH
BOARD DIRECTOR0.100.30Yes (X)$0$0$0
MARY BETH SCHUBERT
BOARD DIRECTOR0.100.30Yes (X)$0$0$0
DAN SEEMAN
BOARD DIRECTOR0.100.30Yes (X)$0$0$0
KENNETH L SORENSEN
BOARD DIRECTOR0.100.30Yes (X)$0$0$0
MELVIN TENNANT
BOARD DIRECTOR0.100.30Yes (X)$0$0$0
JOSEPH VORTHERMS
BOARD DIRECTOR0.100.30Yes (X)$0$0$0
BRIAN WEINREIS
BOARD DIRECTOR0.100.30Yes (X)$0$0$0
JOE RAVENS
BOARD DIRECTOR0.100.30Yes (X)$0$0$0
STEVE JAHN
BOARD DIRECTOR (LEFT 2014)0.100.30Yes (X)$0$0$0
SANG KIM
BOARD DIRECTOR (LEFT 2014)0.100.30Yes (X)$0$0$0
TODD KLINGEL
PRESIDENT/CEO5.0040.00Yes (X)$0$188,548$43,265
FieldValueIRS element (for citing)
Total Reportable Comp From Org$0TotalReportableCompFromOrgAmt
Tot Reportable Comp Rltd Org$188,548TotReportableCompRltdOrgAmt
Total Other Compensation$43,265TotalOtherCompensationAmt
Indiv Rcvd Greater Than100 K0IndivRcvdGreaterThan100KCnt
Former Ofcr Employees Listed0FormerOfcrEmployeesListedInd
Total Comp Greater Than150 KYes (1)TotalCompGreaterThan150KInd
Compensation From Other Srcs0CompensationFromOtherSrcsInd
Cntrct Rcvd Greater Than100 K0CntrctRcvdGreaterThan100KCnt
All Other Contributions$13,550AllOtherContributionsAmt
Total Contributions$13,550TotalContributionsAmt

Total Revenue TotalRevenueGrp

FieldValueIRS element (for citing)
Total Revenue Column$13,550TotalRevenueColumnAmt
Related Or Exempt Func Income$0RelatedOrExemptFuncIncomeAmt
Unrelated Business Revenue$0UnrelatedBusinessRevenueAmt
Exclusion$0ExclusionAmt
FieldValueIRS element (for citing)
Info In Schedule O Part IXYes (X)InfoInScheduleOPartIXInd

Fees For Services Accounting FeesForServicesAccountingGrp

FieldValueIRS element (for citing)
Total$4,088TotalAmt
Program Services$999ProgramServicesAmt
Management And General$3,089ManagementAndGeneralAmt

Fees For Services Other FeesForServicesOtherGrp

FieldValueIRS element (for citing)
Total$59,784TotalAmt
Program Services$59,784ProgramServicesAmt

Advertising AdvertisingGrp

FieldValueIRS element (for citing)
Total$2,132TotalAmt
Program Services$2,132ProgramServicesAmt

Office Expenses OfficeExpensesGrp

FieldValueIRS element (for citing)
Total$91TotalAmt
Program Services$91ProgramServicesAmt

Travel TravelGrp

FieldValueIRS element (for citing)
Total$168TotalAmt
Program Services$168ProgramServicesAmt

Conferences Meetings ConferencesMeetingsGrp

FieldValueIRS element (for citing)
Total$3,827TotalAmt
Program Services$3,827ProgramServicesAmt

Other Expenses OtherExpensesGrp (2 entries)

DescDescTotalTotalAmtProgram ServicesProgramServicesAmt
CONTRIBUTIONS TO PARADE$5,000$5,000
STAFF EXPENSES$1,717$1,717

Total Functional Expenses TotalFunctionalExpensesGrp

FieldValueIRS element (for citing)
Total$76,807TotalAmt
Program Services$73,718ProgramServicesAmt
Management And General$3,089ManagementAndGeneralAmt
Fundraising$0FundraisingAmt

Cash Non Interest Bearing CashNonInterestBearingGrp

FieldValueIRS element (for citing)
BOY$166,777BOYAmt
EOY$87,543EOYAmt

Total Assets TotalAssetsGrp

FieldValueIRS element (for citing)
BOY$166,777BOYAmt
EOY$87,543EOYAmt

Accounts Payable Accr Expnss AccountsPayableAccrExpnssGrp

FieldValueIRS element (for citing)
BOY$685BOYAmt
EOY$117EOYAmt

Other Liabilities OtherLiabilitiesGrp

FieldValueIRS element (for citing)
BOY$18,091BOYAmt
EOY$2,682EOYAmt

Total Liabilities TotalLiabilitiesGrp

FieldValueIRS element (for citing)
BOY$18,776BOYAmt
EOY$2,799EOYAmt
FieldValueIRS element (for citing)
Organization Follows SFAS117Yes (X)OrganizationFollowsSFAS117Ind

Unrestricted Net Assets UnrestrictedNetAssetsGrp

FieldValueIRS element (for citing)
BOY$3,140BOYAmt
EOY$5,052EOYAmt

Temporarily Rstr Net Assets TemporarilyRstrNetAssetsGrp

FieldValueIRS element (for citing)
BOY$144,861BOYAmt
EOY$79,692EOYAmt

Total Net Assets Fund Balance TotalNetAssetsFundBalanceGrp

FieldValueIRS element (for citing)
BOY$148,001BOYAmt
EOY$84,744EOYAmt

Tot Liab Net Assets Fund Balance TotLiabNetAssetsFundBalanceGrp

FieldValueIRS element (for citing)
BOY$166,777BOYAmt
EOY$87,543EOYAmt
FieldValueIRS element (for citing)
Reconcilation Revenue Expnss-$63,257ReconcilationRevenueExpnssAmt
Other Changes In Net Assets$0OtherChangesInNetAssetsAmt
Method Of Accounting AccrualYes (X)MethodOfAccountingAccrualInd
Accountant Compile Or Review0AccountantCompileOrReviewInd
FS AuditedYes (1)FSAuditedInd

FS Audited Basis FSAuditedBasisGrp

FieldValueIRS element (for citing)
Consolidated Basis Fincl StmtYes (X)ConsolidatedBasisFinclStmtInd
FieldValueIRS element (for citing)
Audit CommitteeYes (1)AuditCommitteeInd
Federal Grant Audit Required0FederalGrantAuditRequiredInd

Schedule A IRS990ScheduleA

FieldValueIRS element (for citing)
Public Organization170Yes (X)PublicOrganization170Ind

Gifts Grants Contri Rcvd170 GiftsGrantsContriRcvd170Grp

FieldValueIRS element (for citing)
Current Tax Year Minus4 Years$204,910CurrentTaxYearMinus4YearsAmt
Current Tax Year Minus3 Years$470,250CurrentTaxYearMinus3YearsAmt
Current Tax Year Minus2 Years$327,900CurrentTaxYearMinus2YearsAmt
Current Tax Year Minus1 Year$354,350CurrentTaxYearMinus1YearAmt
Current Tax Year$13,550CurrentTaxYearAmt
Total$1,370,960TotalAmt

Total Calendar Year170 TotalCalendarYear170Grp

FieldValueIRS element (for citing)
Current Tax Year Minus4 Years$204,910CurrentTaxYearMinus4YearsAmt
Current Tax Year Minus3 Years$470,250CurrentTaxYearMinus3YearsAmt
Current Tax Year Minus2 Years$327,900CurrentTaxYearMinus2YearsAmt
Current Tax Year Minus1 Year$354,350CurrentTaxYearMinus1YearAmt
Current Tax Year$13,550CurrentTaxYearAmt
Total$1,370,960TotalAmt
FieldValueIRS element (for citing)
Substantial Contributors Tot$987,905SubstantialContributorsTotAmt
Public Support Total170$383,055PublicSupportTotal170Amt
Total Support$1,370,960TotalSupportAmt
Gross Receipts Rltd Activities$2,480GrossReceiptsRltdActivitiesAmt
Public Support CY1700.27940PublicSupportCY170Pct
Public Support PY1700.38980PublicSupportPY170Pct
Thirty Thr Pct Suprt Tests PY170Yes (X)ThirtyThrPctSuprtTestsPY170Ind

Schedule B IRS990ScheduleB

Contributor Information ContributorInformationGrp

FieldValueIRS element (for citing)
ContributorRESTRICTEDContributorNum

Contributor Business Name ContributorBusinessName

FieldValueIRS element (for citing)
Business Name Line1RESTRICTEDBusinessNameLine1

Contributor US Address ContributorUSAddress

FieldValueIRS element (for citing)
Address Line1RESTRICTEDAddressLine1
Address Line2RESTRICTEDAddressLine2
CityRESTRICTEDCity
StateRESTRICTEDState
ZIP CodeRESTRICTEDZIPCode
FieldValueIRS element (for citing)
Total ContributionsRESTRICTEDTotalContributionsAmt

Schedule D IRS990ScheduleD

FieldValueIRS element (for citing)
Total Book Value Land Buildings$0TotalBookValueLandBuildingsAmt

Other Liabilities Org OtherLiabilitiesOrgGrp

FieldValueIRS element (for citing)
DescDUE TO MINNEAPOLIS REGIONAL CHAMBER OF COMMERCEDesc
Amt$2,682Amt
FieldValueIRS element (for citing)
Total Liability$2,682TotalLiabilityAmt
Footnote TextYes (X)FootnoteTextInd
Total Rev Etc Audited Fincl Stmt$2,351,397TotalRevEtcAuditedFinclStmtAmt
Other Revenue$2,337,847OtherRevenueAmt
Revenue Not Reported$2,337,847RevenueNotReportedAmt
Revenue Subtotal$13,550RevenueSubtotalAmt
Revenue Not Reported Fincl Stmt$0RevenueNotReportedFinclStmtAmt
Total Revenue Per Form990$13,550TotalRevenuePerForm990Amt
Tot Expns Etc Audited Fincl Stmt$2,389,002TotExpnsEtcAuditedFinclStmtAmt
Other Expenses Included$2,312,195OtherExpensesIncludedAmt
Expenses Not Reported$2,312,195ExpensesNotReportedAmt
Expenses Subtotal$76,807ExpensesSubtotalAmt
Expenses Not Rpt Fincl Stmt$0ExpensesNotRptFinclStmtAmt
Total Expenses Per Form990$76,807TotalExpensesPerForm990Amt

Supplemental Information Detail SupplementalInformationDetail (3 entries)

Form And Line ReferenceFormAndLineReferenceDescExplanationExplanationTxt
PART X, LINE 2:THE MINNEAPOLIS REGIONAL CHAMBER OF COMMERCE DEVELOPMENT FOUNDATION IS A QUALIFIED TAX-EXEMPT NONPROFIT ORGANIZATION UNDER SECTION 501(C)(3). THE FOUNDATION IS GENERALLY EXEMPT FROM FEDERAL INCOME TAXES. THE FOUNDATION'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 2,337,847.
PART XII, LINE 2D - OTHER ADJUSTMENTS:EXPENSES OF AFFILIATE REPORTED ON A SEPARATE RETURN 2,312,195.

Schedule J IRS990ScheduleJ

FieldValueIRS element (for citing)
Severance Payment0SeverancePaymentInd
Supplemental Nonqual Rtr Plan0SupplementalNonqualRtrPlanInd
Equity Based Comp Arrngm0EquityBasedCompArrngmInd
Comp Based On Revenue Of Flng Org0CompBasedOnRevenueOfFlngOrgInd
Comp Bsd On Rev Related Orgs0CompBsdOnRevRelatedOrgsInd
Comp Bsd Net Earns Flng Org0CompBsdNetEarnsFlngOrgInd
Comp Bsd Net Earns Rltd Orgs0CompBsdNetEarnsRltdOrgsInd
Any Non Fixed Payments0AnyNonFixedPaymentsInd
Initial Contract Exception0InitialContractExceptionInd

Rltd Org Officer Trst Key Empl RltdOrgOfficerTrstKeyEmplGrp

FieldValueIRS element (for citing)
PersonTODD KLINGELPersonNm
TitlePRESIDENT/CEOTitleTxt
Base Compensation Filing Org$0BaseCompensationFilingOrgAmt
Compensation Based On Rltd Orgs$172,125CompensationBasedOnRltdOrgsAmt
Bonus Filing Organization$0BonusFilingOrganizationAmount
Bonus Related Organizations$15,000BonusRelatedOrganizationsAmt
Other Compensation Filing Org$0OtherCompensationFilingOrgAmt
Other Compensation Rltd Orgs$1,423OtherCompensationRltdOrgsAmt
Deferred Compensation Flng Org$0DeferredCompensationFlngOrgAmt
Deferred Comp Rltd Orgs$19,937DeferredCompRltdOrgsAmt
Nontaxable Benefits Filing Org$0NontaxableBenefitsFilingOrgAmt
Nontaxable Benefits Rltd Orgs$23,328NontaxableBenefitsRltdOrgsAmt
Total Compensation Filing Org$0TotalCompensationFilingOrgAmt
Total Compensation Rltd Orgs$231,813TotalCompensationRltdOrgsAmt
Comp Report Prior990 Filing Org$0CompReportPrior990FilingOrgAmt
Comp Report Prior990 Rltd Orgs$15,000CompReportPrior990RltdOrgsAmt

Supplemental Information Detail SupplementalInformationDetail

FieldValueIRS element (for citing)
Form And Line ReferenceSCHEDULE J, PART I, LINE 3FormAndLineReferenceDesc
ExplanationTHE FOUNDATION RELIED ON A RELATED ORGANIZATION TO DETERMINE COMPENSATION FOR THE EXECUTIVE DIRECTOR. THE RELATED ORGANIZATION USED THE FOLLOWING PRACTICES TO DETERMINE COMPENSATION FOR THE EXECUTIVE DIRECTOR: 1) COMPENSATION COMMITTEE 2) FORM 990 OF OTHER ORGANIZATIONS 3) COMPENSATION SURVEY OR STUDY 4) APPROVAL BY THE BOARD OR COMPENSATION COMMITTEEExplanationTxt

Schedule O IRS990ScheduleO

Supplemental Information Detail SupplementalInformationDetail (5 entries)

Form And Line ReferenceFormAndLineReferenceDescExplanationExplanationTxt
FORM 990, PART VI, SECTION A, LINE 1THE BOARD OF DIRECTORS MAY DESIGNATE THREE OR MORE OF ITS MEMBERS TO CONSTITUTE THE EXECUTIVE COMMITTEE. TO THE EXTENT DETERMINED BY THE BOARD, THE EXECUTIVE COMMITTEE HAS THE FULL AUTHORITY OF THE BOARD OF DIRECTORS IN THE MANAGEMENT OF THE BUSINESS OF THE FOUNDATION BETWEEN MEETINGS OF THE FULL BOARD.
FORM 990, PART VI, SECTION B, LINE 11THE RETURN IS PREPARED BY THE FOUNDATION'S INDEPENDENT ACCOUNTANT WITH THE ASSISTANCE OF MANAGEMENT. THE RETURN WILL BE PROVIDED TO EACH MEMBER OF THE BOARD OF DIRECTORS AFTER THE RETURN IS FILED.
FORM 990, PART VI, SECTION B, LINE 12CTHE 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 C, LINE 19THE FOUNDATION MAKES ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC ON THE MINNEAPOLIS REGIONAL CHAMBER OF COMMERCE'S WEBSITE AND UPON REQUEST.
FORM 990, PART IX, LINE 11GCONSULTANTS: PROGRAM SERVICE EXPENSES 59,784. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 59,784.

Schedule R IRS990ScheduleR

Id Related Tax Exempt Org IdRelatedTaxExemptOrgGrp

Disregarded Entity Name DisregardedEntityName

FieldValueIRS element (for citing)
Business Name Line1MINNEAPOLIS REGIONAL CHAMBER OF COMMERCEBusinessNameLine1Txt

US Address USAddress

FieldValueIRS element (for citing)
Address Line181 SOUTH NINTH STREET SUITE 200AddressLine1Txt
CityMINNEAPOLISCityNm
State AbbreviationMNStateAbbreviationCd
ZIP55402ZIPCd
FieldValueIRS element (for citing)
EIN410414520EIN
Primary ActivitiesECONOMIC DEVELOPMENTPrimaryActivitiesTxt
Legal Domicile StateMNLegalDomicileStateCd
Exempt Code Section501(C)(6)ExemptCodeSectionTxt
Public Charity StatusN/APublicCharityStatusTxt
Direct Controlling NAN/ADirectControllingNACd
Controlled Organization0ControlledOrganizationInd
FieldValueIRS element (for citing)
Receipt Of Int Annts Rnts Rylts0ReceiptOfIntAnntsRntsRyltsInd
Gift Grnt Or Cap Contri To Oth Org0GiftGrntOrCapContriToOthOrgInd
Gift Grnt Cap Contri From Oth Org0GiftGrntCapContriFromOthOrgInd
Loans Or Guarantees To Other Org0LoansOrGuaranteesToOtherOrgInd
Loans Or Guarantees From Oth Org0LoansOrGuaranteesFromOthOrgInd
Div Related Organization0DivRelatedOrganizationInd
Asset Sale To Other Org0AssetSaleToOtherOrgInd
Asset Purchase From Other Org0AssetPurchaseFromOtherOrgInd
Asset Exchange0AssetExchangeInd
Rental Of Facilities To Oth Org0RentalOfFacilitiesToOthOrgInd
Rental Of Fclts From Oth Org0RentalOfFcltsFromOthOrgInd
Perform Of Services For Oth Org0PerformOfServicesForOthOrgInd
Perform Of Services By Other OrgYes (1)PerformOfServicesByOtherOrgInd
Sharing Of FacilitiesYes (1)SharingOfFacilitiesInd
Paid Employees SharingYes (1)PaidEmployeesSharingInd
Reimbursement Paid To Other OrgYes (1)ReimbursementPaidToOtherOrgInd
Reimbursement Paid By Other Org0ReimbursementPaidByOtherOrgInd
Transfer To Other OrgYes (1)TransferToOtherOrgInd
Transfer From Other OrgYes (1)TransferFromOtherOrgInd

Transactions Related Org TransactionsRelatedOrgGrp

Other Organization Name OtherOrganizationName

FieldValueIRS element (for citing)
Business Name Line1MINNEAPOLIS REGIONAL CHAMBER OF COMMERCEBusinessNameLine1Txt
FieldValueIRS element (for citing)
Transaction TypeOTransactionTypeTxt
Involved$44,084InvolvedAmt
Method Of Amount DeterminationCASH AMOUNTMethodOfAmountDeterminationTxt

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