2014-10-28T16:16:42-05:00 2013-12-31 410746749 CLIFTONLARSONALLEN LLP 220 SOUTH SIXTH STREET SUITE 300 MINNEAPOLIS MN 55402 990 2013-01-01 363468708 MINNEAPOLIS REGIONAL CHAMBER DEVELOPMENT FOUNDATION MINN 6123709100 81 SOUTH NINTH STREET NO 200 MINNEAPOLIS MN 55402 TODD KLINGEL PRESIDENT & CEO 6123709100 2014-09-26 1 JOHN TAUER P00294068 6123764500 2013 2015-11-30 17:44:51Z TODD KLINGEL 81 SOUTH NINTH STREET NO 200 MINNEAPOLIS MN 55402 354350 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 327900 354350 0 0 0 0 0 0 327900 354350 0 0 0 0 0 0 0 0 0 599672 347562 599672 347562 -271772 6788 157584 166777 16371 18776 141213 148001 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 344387 0 0 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 2013. 344387 1 1 0 1 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 3 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 JONASON CHAIR 1.00 1.00 X X 0 0 0 SUSAN ADAMS LLOYD PAST CHAIR 1.00 1.00 X X 0 0 0 PATRICIA GRAZZINI TREASUERER 1.00 1.00 X X 0 0 0 MARK ADKINS BOARD DIRECTOR 1.00 1.00 X 0 0 0 TODD 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 JAY COWLES 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 DAVID HAKENSEN BOARD DIRECTOR 0.10 0.30 X 0 0 0 MIKE DIMOND BOARD DIRECTOR 0.10 0.30 X 0 0 0 KRISTINE DONATELLE BOARD DIRECTOR 0.10 0.30 X 0 0 0 KIP ELLIOTT BOARD DIRECTOR 0.10 0.30 X 0 0 0 DEBORAH FERRY BOARD DIRECTOR 0.10 0.30 X 0 0 0 THOMAS E GERSTER BOARD DIRECTOR 0.10 0.30 X 0 0 0 LINDA HALLER 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 CORY HOEPPNER BOARD DIRECTOR 0.10 0.30 X 0 0 0 JOE JACOBSEN BOARD DIRECTOR 0.10 0.30 X 0 0 0 STEVE JAHN BOARD DIRECTOR 0.10 0.30 X 0 0 0 MATT JOHNSON BOARD DIRECTOR 0.10 0.30 X 0 0 0 C THEODORE JOHNSON BOARD DIRECTOR 0.10 0.30 X 0 0 0 SANG KIM BOARD DIRECTOR 0.10 0.30 X 0 0 0 BRIEN KENNEDY BOARD DIRECTOR 0.10 0.30 X 0 0 0 MICHAEL KLINGENSMITH BOARD DIRECTOR 0.10 0.30 X 0 0 0 LEE KOCH 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 MARK LUCKE BOARD DIRECTOR 0.10 0.30 X 0 0 0 LAURA MCCARTEN BOARD DIRECTOR 0.10 0.30 X 0 0 0 SUSAN O'REILLY BOARD DIRECTOR 0.10 0.30 X 0 0 0 DAVID PRINCE BOARD DIRECTOR 0.10 0.30 X 0 0 0 IRENE QUARSHIE BOARD DIRECTOR 0.10 0.30 X 0 0 0 WILL ROACH BOARD DIRECTOR 0.10 0.30 X 0 0 0 JOM ROTH BOARD DIRECTOR 0.10 0.30 X 0 0 0 DAN SEEMAN BOARD DIRECTOR 0.10 0.30 X 0 0 0 KENNETH SORENSEN BOARD DIRECTOR 0.10 0.30 X 0 0 0 MARK STENGLEIN BOARD DIRECTOR 0.10 0.30 X 0 0 0 DAVID TASHJIAN BOARD DIRECTOR 0.10 0.30 X 0 0 0 MELVIN TENNANT BOARD DIRECTOR 0.10 0.30 X 0 0 0 ANDRE' THIBAULT BOARD DIRECTOR 0.10 0.30 X 0 0 0 PHILLIP TRIER BOARD DIRECTOR 0.10 0.30 X 0 0 0 JOSEPH VORTHERMS BOARD DIRECTOR 0.10 0.30 X 0 0 0 TODD KLINGEL PRESIDENT/CEO 5.00 40.00 X 0 182251 55881 0 182251 55881 0 0 1 0 0 354350 354350 354350 0 0 0 X 3175 3175 60741 60741 276440 276440 355 355 1353 1353 1299 1299 1159 1159 MISCELLANEOUS EXPENSES 3040 3040 347562 344387 3175 0 157584 166777 157584 166777 3381 685 12990 18091 16371 18776 X 4315 3140 136898 144861 141213 148001 157584 166777 6788 0 X 0 1 X 1 0 X 226600 204910 470250 327900 354350 1584010 226600 204910 470250 327900 354350 1584010 966595 617415 21 21 1584031 2480 0.38980 0.55640 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 0 0 0 1 1 0 0 0 0 1 60741 0 0 60741 0 0 0 PART II-B, LINE 1: IN 2013, THE FOUNDATION ATTEMPTED TO INFLUENCE LEGISLATION AROUND FUNDING FOR THE SOUTHWEST LIGHT RAIL TRAIN INCLUDING BONDING PROPOSALS AT THE STATE LEGISLATURE. 0 DUE TO MINNEAPOLIS REGIONAL CHAMBER OF COMMERCE 18091 18091 X 2635487 2281137 2281137 354350 0 354350 2649479 2301917 2301917 347562 0 347562 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 2010 THROUGH 2012 ARE OPEN TO EXAMINATION BY FEDERAL AUTHORITIES. PART XI, LINE 2D - OTHER ADJUSTMENTS: REVENUES OF AFFILIATE REPORTED ON A SEPARATE RETURN 2,281,137. PART XII, LINE 2D - OTHER ADJUSTMENTS: EXPENSES OF AFFILIATE REPORTED ON A SEPARATE RETURN 2,301,917. 0 0 0 0 0 0 0 0 0 TODD KLINGEL PRESIDENT/CEO 0 165800 0 15250 0 1201 0 22804 0 33077 0 238132 0 15250 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 276,440. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 276,440. 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 155636 CASH AMOUNT