2015-08-24T12:04:13-05:00 2014-12-31 410746749 CLIFTONLARSONALLEN LLP 220 SOUTH SIXTH STREET SUITE 300 MINNEAPOLIS MN 55402 990 2014-01-01 363468708 MINNEAPOLIS REGIONAL CHAMBER DEVELOPMENT FOUNDATION MINN 6123709100 81 SOUTH NINTH STREET NO 200 MINNEAPOLIS MN 55402 TODD KLINGEL PRESIDENT & CEO 6123709100 2015-07-17 1 JOHN TAUER P00294068 6123764500 2014 2016-02-25 16:41:14Z TODD KLINGEL 81 SOUTH NINTH STREET NO 200 MINNEAPOLIS MN 55402 13550 0 X WWW.MINNEAPOLISCHAMBER.ORG X 1986 MN TO ENHANCE THE QUALITY OF LIFE AND LEADERSHIP SKILLS IN THE MINNEAPOLIS AND ST. PAUL AREAS. 42 42 0 42 0 0 354350 13550 0 0 0 0 0 0 354350 13550 0 0 0 0 0 0 0 0 0 347562 76807 347562 76807 6788 -63257 166777 87543 18776 2799 148001 84744 X THE 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. 0 0 73718 ECONOMIC 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. 73718 1 1 0 0 0 0 0 0 0 0 0 0 0 0 1 1 0 1 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 1 0 1 1 0 0 0 0 0 0 0 0 0 0 0 0 X 42 42 0 0 0 0 0 0 0 1 1 0 0 0 1 1 1 1 1 0 0 0 MN X X CHERYL BUTZ 6123709141 81 S NINTH STREET 200 MINNEAPOLIS MN 55402 WILLIAM A JONASON CHAIR 1.00 1.00 X X 0 0 0 LAURA MCCARTEN CHAIR ELECT 1.00 1.00 X X 0 0 0 PATRICIA J GRAZZINI TREASURER 1.00 1.00 X X 0 0 0 MARK ADKINS BOARD DIRECTOR 1.00 1.00 X 0 0 0 EILEEN BERTOZZI BOARD DIRECTOR 0.10 0.30 X 0 0 0 DEBORAH FERRY BOARD DIRECTOR 0.10 0.30 X 0 0 0 ROBERT A FREEMAN BOARD DIRECTOR 0.10 0.30 X 0 0 0 SUSAN O'REILLY BOARD DIRECTOR 0.10 0.30 X 0 0 0 IRENE QUARSHIE BOARD DIRECTOR 0.10 0.30 X 0 0 0 ANDRE' THIBAULT BOARD DIRECTOR 0.10 0.30 X 0 0 0 PHIL TRIER BOARD DIRECTOR 0.10 0.30 X 0 0 0 TODD J ANLAUF BOARD DIRECTOR 0.10 0.30 X 0 0 0 LESTER BAGLEY BOARD DIRECTOR 0.10 0.30 X 0 0 0 MARK BECKER BOARD DIRECTOR 0.10 0.30 X 0 0 0 DON BORNHORST BOARD DIRECTOR 0.10 0.30 X 0 0 0 RANDY BOUSHEK BOARD DIRECTOR 0.10 0.30 X 0 0 0 JAY J COWLES BOARD DIRECTOR 0.10 0.30 X 0 0 0 STEVE CRAMER BOARD DIRECTOR 0.10 0.30 X 0 0 0 KIP ELLIOTT BOARD DIRECTOR 0.10 0.30 X 0 0 0 PAUL FLOOD BOARD DIRECTOR 0.10 0.30 X 0 0 0 TOM E GERSTER BOARD DIRECTOR 0.10 0.30 X 0 0 0 DAVID HAKENSEN BOARD DIRECTOR 0.10 0.30 X 0 0 0 ERIC HALVORSON BOARD DIRECTOR 0.10 0.30 X 0 0 0 JOANN HANSON BOARD DIRECTOR 0.10 0.30 X 0 0 0 BRIAN HERMAN BOARD DIRECTOR 0.10 0.30 X 0 0 0 CORY HOEPPNER BOARD DIRECTOR 0.10 0.30 X 0 0 0 CHRIS HOFSTAD BOARD DIRECTOR 0.10 0.30 X 0 0 0 JOE JACOBSEN BOARD DIRECTOR 0.10 0.30 X 0 0 0 C THEODORE JOHNSON BOARD DIRECTOR 0.10 0.30 X 0 0 0 MATTHEW C JOHNSON BOARD DIRECTOR 0.10 0.30 X 0 0 0 MICHAEL KLINGENSMITH BOARD DIRECTOR 0.10 0.30 X 0 0 0 TONI LEA BOARD DIRECTOR 0.10 0.30 X 0 0 0 KEVIN LEWIS BOARD DIRECTOR 0.10 0.30 X 0 0 0 DAVID LINDSTROM BOARD DIRECTOR 0.10 0.30 X 0 0 0 MARK W LUCKE BOARD DIRECTOR 0.10 0.30 X 0 0 0 TAMMY MENCEL BOARD DIRECTOR 0.10 0.30 X 0 0 0 JEFF PELLEGROM BOARD DIRECTOR 0.10 0.30 X 0 0 0 DAVID PRINCE BOARD DIRECTOR 0.10 0.30 X 0 0 0 JIM ROTH BOARD DIRECTOR 0.10 0.30 X 0 0 0 MARY BETH SCHUBERT BOARD DIRECTOR 0.10 0.30 X 0 0 0 DAN SEEMAN BOARD DIRECTOR 0.10 0.30 X 0 0 0 KENNETH L SORENSEN BOARD DIRECTOR 0.10 0.30 X 0 0 0 MELVIN TENNANT BOARD DIRECTOR 0.10 0.30 X 0 0 0 JOSEPH VORTHERMS BOARD DIRECTOR 0.10 0.30 X 0 0 0 BRIAN WEINREIS BOARD DIRECTOR 0.10 0.30 X 0 0 0 JOE RAVENS BOARD DIRECTOR 0.10 0.30 X 0 0 0 STEVE JAHN BOARD DIRECTOR (LEFT 2014) 0.10 0.30 X 0 0 0 SANG KIM BOARD DIRECTOR (LEFT 2014) 0.10 0.30 X 0 0 0 TODD KLINGEL PRESIDENT/CEO 5.00 40.00 X 0 188548 43265 0 188548 43265 0 0 1 0 0 13550 13550 13550 0 0 0 X 4088 999 3089 59784 59784 2132 2132 91 91 168 168 3827 3827 CONTRIBUTIONS TO PARADE 5000 5000 STAFF EXPENSES 1717 1717 76807 73718 3089 0 166777 87543 166777 87543 685 117 18091 2682 18776 2799 X 3140 5052 144861 79692 148001 84744 166777 87543 -63257 0 X 0 1 X 1 0 X 204910 470250 327900 354350 13550 1370960 204910 470250 327900 354350 13550 1370960 987905 383055 1370960 2480 0.27940 0.38980 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 DUE TO MINNEAPOLIS REGIONAL CHAMBER OF COMMERCE 2682 2682 X 2351397 2337847 2337847 13550 0 13550 2389002 2312195 2312195 76807 0 76807 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. 0 0 0 0 0 0 0 0 0 TODD KLINGEL PRESIDENT/CEO 0 172125 0 15000 0 1423 0 19937 0 23328 0 231813 0 15000 SCHEDULE J, PART I, LINE 3 THE 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 COMMITTEE FORM 990, PART VI, SECTION A, LINE 1 THE 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 11 THE 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 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 C, LINE 19 THE 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 11G CONSULTANTS: PROGRAM SERVICE EXPENSES 59,784. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 59,784. MINNEAPOLIS REGIONAL CHAMBER OF COMMERCE 81 SOUTH NINTH STREET SUITE 200 MINNEAPOLIS MN 55402 410414520 ECONOMIC DEVELOPMENT MN 501(C)(6) N/A N/A 0 0 0 0 0 0 0 0 0 0 0 0 0 1 1 1 1 0 1 1 MINNEAPOLIS REGIONAL CHAMBER OF COMMERCE O 44084 CASH AMOUNT