GREATER MINNEAPOLIS CHAMBER OF COMMERCE: Form 990, tax year 2013
View the entire original 990 at ProPublica ↗
- Organization
- GREATER MINNEAPOLIS CHAMBER OF COMMERCE (EIN 41-0414520)
- Tax period
- 2013-01-01 to 2013-12-31
- Filed
- 2014-10-28
- IRS object ID
- 201443019349301029
- Schema version
- 2013v3.0
- 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
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return | 2014-10-28T16:16:05-05:00 | ReturnTs |
| Tax Period End | 2013-12-31 | TaxPeriodEndDt |
Preparer Firm PreparerFirmGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Firm EIN | 410746749 | PreparerFirmEIN |
Preparer Firm Name PreparerFirmName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | CLIFTONLARSONALLEN LLP | BusinessNameLine1 |
Preparer US Address PreparerUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 220 SOUTH SIXTH STREET SUITE 300 | AddressLine1 |
| City | MINNEAPOLIS | City |
| State | MN | State |
| ZIP Code | 55402 | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return Type | 990 | ReturnTypeCd |
| Tax Period Begin | 2013-01-01 | TaxPeriodBeginDt |
Filer Filer
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 410414520 | EIN |
Business Name BusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | MINNEAPOLIS REGIONAL CHAMBER OF COMMERCE | BusinessNameLine1 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Control | MINN | BusinessNameControlTxt |
| Phone | 6123709141 | PhoneNum |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 81 SOUTH NINTH STREET NO 200 | AddressLine1 |
| City | MINNEAPOLIS | City |
| State | MN | State |
| ZIP Code | 55402 | ZIPCode |
Business Officer BusinessOfficerGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person | TODD KLINGEL | PersonNm |
| Person Title | PRESIDENT & CEO | PersonTitleTxt |
| Phone | 6123709141 | PhoneNum |
| Signature | 2014-09-26 | SignatureDt |
| Discuss With Paid Preparer | Yes (1) | DiscussWithPaidPreparerInd |
Preparer Person PreparerPersonGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Person | JOHN TAUER | PreparerPersonNm |
| PTIN | P00294068 | PTIN |
| Phone | 6123764500 | PhoneNum |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tax | 2013 | TaxYr |
| Build TS | 2015-11-30 17:44:51Z | BuildTS |
Form 990 IRS990
| Field | Value | IRS element (for citing) |
|---|---|---|
| Principal Officer | TODD KLINGEL | PrincipalOfficerNm |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 81 SOUTH NINTH STREET NO 200 | AddressLine1 |
| City | MINNEAPOLIS | City |
| State | MN | State |
| ZIP Code | 55402 | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Gross Receipts | $2,249,211 | GrossReceiptsAmt |
| Group Return For Affiliates | 0 | GroupReturnForAffiliatesInd |
| Organization501c | Yes (X) | Organization501cInd |
| Website Address | WWW.MINNEAPOLISCHAMBER.ORG | WebsiteAddressTxt |
| Type Of Organization Corp | Yes (X) | TypeOfOrganizationCorpInd |
| Formation | 1881 | FormationYr |
| Legal Domicile State | MN | LegalDomicileStateCd |
| Activity Or Mission | CREATING POWERFUL PARTNERSHIPS TO UNITE AND GROW MEMBER BUSINESSES AND THE REGION. | ActivityOrMissionDesc |
| Voting Members Governing Body | 41 | VotingMembersGoverningBodyCnt |
| Voting Members Independent | 40 | VotingMembersIndependentCnt |
| Total Employee | 23 | TotalEmployeeCnt |
| Total Volunteers | 150 | TotalVolunteersCnt |
| Total Gross UBI | $40,668 | TotalGrossUBIAmt |
| Net Unrelated Bus Txbl Incm | $18,092 | NetUnrelatedBusTxblIncmAmt |
| PY Contributions Grants | $18,265 | PYContributionsGrantsAmt |
| CY Contributions Grants | $136,204 | CYContributionsGrantsAmt |
| PY Program Service Revenue | $1,900,497 | PYProgramServiceRevenueAmt |
| CY Program Service Revenue | $1,990,824 | CYProgramServiceRevenueAmt |
| PY Investment Income | $1,184 | PYInvestmentIncomeAmt |
| CY Investment Income | $1,704 | CYInvestmentIncomeAmt |
| PY Other Revenue | $41,211 | PYOtherRevenueAmt |
| CY Other Revenue | $32,845 | CYOtherRevenueAmt |
| PY Total Revenue | $1,961,157 | PYTotalRevenueAmt |
| CY Total Revenue | $2,161,577 | CYTotalRevenueAmt |
| PY Grants And Similar Paid | $0 | PYGrantsAndSimilarPaidAmt |
| CY Grants And Similar Paid | $59,000 | CYGrantsAndSimilarPaidAmt |
| PY Benefits Paid To Members | $0 | PYBenefitsPaidToMembersAmt |
| CY Benefits Paid To Members | $0 | CYBenefitsPaidToMembersAmt |
| PY Salaries Comp Emp Bnft Paid | $903,247 | PYSalariesCompEmpBnftPaidAmt |
| CY Salaries Comp Emp Bnft Paid | $966,761 | CYSalariesCompEmpBnftPaidAmt |
| PY Total Prof Fndrsng Expns | $0 | PYTotalProfFndrsngExpnsAmt |
| CY Total Prof Fndrsng Expns | $0 | CYTotalProfFndrsngExpnsAmt |
| CY Total Fundraising Expense | $0 | CYTotalFundraisingExpenseAmt |
| PY Other Expenses | $1,055,112 | PYOtherExpensesAmt |
| CY Other Expenses | $1,162,758 | CYOtherExpensesAmt |
| PY Total Expenses | $1,958,359 | PYTotalExpensesAmt |
| CY Total Expenses | $2,188,519 | CYTotalExpensesAmt |
| PY Revenues Less Expenses | $2,798 | PYRevenuesLessExpensesAmt |
| CY Revenues Less Expenses | -$26,942 | CYRevenuesLessExpensesAmt |
| Total Assets BOY | $1,032,913 | TotalAssetsBOYAmt |
| Total Assets EOY | $971,211 | TotalAssetsEOYAmt |
| Total Liabilities BOY | $695,534 | TotalLiabilitiesBOYAmt |
| Total Liabilities EOY | $656,072 | TotalLiabilitiesEOYAmt |
| Net Assets Or Fund Balances BOY | $337,379 | NetAssetsOrFundBalancesBOYAmt |
| Net Assets Or Fund Balances EOY | $315,139 | NetAssetsOrFundBalancesEOYAmt |
| Info In Schedule O Part III | Yes (X) | InfoInScheduleOPartIIIInd |
| Mission | CREATING POWERFUL PARTNERSHIPS TO UNITE AND GROW MEMBER BUSINESSES AND THE REGION. | MissionDesc |
| Significant New Program Srvc | 0 | SignificantNewProgramSrvcInd |
| Significant Change | 0 | SignificantChangeInd |
| Desc | 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 A DELEGATION OF 90 COMMUNITY, GOVERNMENT AND BUSINESS LEADERS TO DENVER, OR FOR AN INTER-CITY LEADERSHIP VISIT, IN WHICH THE LEADERS TOURED THE CITY, MET WITH THEIR COUNTER-PARTS, AND HEARD PRESENTATIONS ON PHOENIX'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 37TH YEAR AND ENROLLED OVER 150 MEMBERS IN 2013. 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. THE NORTHEAST PARADE WAS STARTED IN 1929 AS A STREET CAR PARADE AND CELEBRATED ITS 84TH YEAR IN 2013 WITH APPROXIMATELY 120 ENTRANTS, 120 VOLUNTEERS AND OVER 8,000 PEOPLE IN ATTENDANCE. | Desc |
| Described In Section501c3 | 0 | DescribedInSection501c3Ind |
| Schedule B Required | 0 | ScheduleBRequiredInd |
| Political Campaign Acty | 0 | PoliticalCampaignActyInd |
| Subject To Proxy Tax | Yes (1) | SubjectToProxyTaxInd |
| Donor Advised Fund | 0 | DonorAdvisedFundInd |
| Conservation Easements | 0 | ConservationEasementsInd |
| Collections Of Art | 0 | CollectionsOfArtInd |
| Credit Counseling | 0 | CreditCounselingInd |
| Temp Or Permanent Endowments | 0 | TempOrPermanentEndowmentsInd |
| Report Land Building Equipment | Yes (1) | ReportLandBuildingEquipmentInd |
| Report Investments Other Sec | 0 | ReportInvestmentsOtherSecInd |
| Report Program Related Invst | 0 | ReportProgramRelatedInvstInd |
| Report Other Assets | 0 | ReportOtherAssetsInd |
| Report Other Liabilities | Yes (1) | ReportOtherLiabilitiesInd |
| Include FIN48 Footnote | Yes (1) | IncludeFIN48FootnoteInd |
| Independent Audit Fincl Stmt | 0 | IndependentAuditFinclStmtInd |
| Consolidated Audit Fincl Stmt | Yes (1) | ConsolidatedAuditFinclStmtInd |
| School Operating | 0 | SchoolOperatingInd |
| Foreign Office | 0 | ForeignOfficeInd |
| Foreign Activities | 0 | ForeignActivitiesInd |
| More Than5000 K To Org | 0 | MoreThan5000KToOrgInd |
| More Than5000 K To Individuals | 0 | MoreThan5000KToIndividualsInd |
| Professional Fundraising | 0 | ProfessionalFundraisingInd |
| Fundraising Activities | 0 | FundraisingActivitiesInd |
| Gaming Activities | 0 | GamingActivitiesInd |
| Operate Hospital | 0 | OperateHospitalInd |
| Grants To Organizations | Yes (1) | GrantsToOrganizationsInd |
| Grants To Individuals | 0 | GrantsToIndividualsInd |
| Schedule J Required | Yes (1) | ScheduleJRequiredInd |
| Tax Exempt Bonds | 0 | TaxExemptBondsInd |
| Loan Outstanding | 0 | LoanOutstandingInd |
| Grant To Related Person | 0 | GrantToRelatedPersonInd |
| Business Rln With Org Mem | 0 | BusinessRlnWithOrgMemInd |
| Business Rln With Fam Mem | 0 | BusinessRlnWithFamMemInd |
| Business Rln With Officer Ent | Yes (1) | BusinessRlnWithOfficerEntInd |
| Deductible Non Cash Contri | 0 | DeductibleNonCashContriInd |
| Deductible Art Contribution | 0 | DeductibleArtContributionInd |
| Terminate Operations | 0 | TerminateOperationsInd |
| Partial Liquidation | 0 | PartialLiquidationInd |
| Disregarded Entity | 0 | DisregardedEntityInd |
| Related Entity | Yes (1) | RelatedEntityInd |
| Related Organization Ctrl Ent | Yes (1) | RelatedOrganizationCtrlEntInd |
| Transaction With Control Ent | Yes (1) | TransactionWithControlEntInd |
| Activities Conducted Prtshp | 0 | ActivitiesConductedPrtshpInd |
| Schedule O Required | Yes (1) | ScheduleORequiredInd |
| IRP Document | 9 | IRPDocumentCnt |
| IRP Document W2 G | 0 | IRPDocumentW2GCnt |
| Employee | 23 | EmployeeCnt |
| Employment Tax Returns Filed | Yes (1) | EmploymentTaxReturnsFiledInd |
| Unrelated Bus Incm Over Limit | Yes (1) | UnrelatedBusIncmOverLimitInd |
| Form990 T Filed | Yes (1) | Form990TFiledInd |
| Foreign Financial Account | 0 | ForeignFinancialAccountInd |
| Prohibited Tax Shelter Trans | 0 | ProhibitedTaxShelterTransInd |
| Taxable Party Notification | 0 | TaxablePartyNotificationInd |
| Nondeductible Contributions | 0 | NondeductibleContributionsInd |
| Rcv Fnds To Pay Prsnl Bnft Cntrct | 0 | RcvFndsToPayPrsnlBnftCntrctInd |
| Pay Premiums Prsnl Bnft Cntrct | 0 | PayPremiumsPrsnlBnftCntrctInd |
| Indoor Tanning Services | 0 | IndoorTanningServicesInd |
| Info In Schedule O Part VI | Yes (X) | InfoInScheduleOPartVIInd |
| Governing Body Voting Members | 41 | GoverningBodyVotingMembersCnt |
| Independent Voting Member | 40 | IndependentVotingMemberCnt |
| Family Or Business Rln | 0 | FamilyOrBusinessRlnInd |
| Delegation Of Mgmt Duties | 0 | DelegationOfMgmtDutiesInd |
| Change To Org Documents | 0 | ChangeToOrgDocumentsInd |
| Material Diversion Or Misuse | 0 | MaterialDiversionOrMisuseInd |
| Members Or Stockholders | Yes (1) | MembersOrStockholdersInd |
| Election Of Board Members | 0 | ElectionOfBoardMembersInd |
| Decisions Subject To Approva | 0 | DecisionsSubjectToApprovaInd |
| Minutes Of Governing Body | Yes (1) | MinutesOfGoverningBodyInd |
| Minutes Of Committees | Yes (1) | MinutesOfCommitteesInd |
| Officer Mailing Address | 0 | OfficerMailingAddressInd |
| Local Chapters | Yes (1) | LocalChaptersInd |
| Policies Reference Chapters | Yes (1) | PoliciesReferenceChaptersInd |
| Form990 Provided To Gvrn Body | Yes (1) | Form990ProvidedToGvrnBodyInd |
| Conflict Of Interest Policy | Yes (1) | ConflictOfInterestPolicyInd |
| Annual Disclosure Covered Prsn | Yes (1) | AnnualDisclosureCoveredPrsnInd |
| Regular Monitoring Enfrc | Yes (1) | RegularMonitoringEnfrcInd |
| Whistleblower Policy | Yes (1) | WhistleblowerPolicyInd |
| Document Retention Policy | Yes (1) | DocumentRetentionPolicyInd |
| Compensation Process CEO | Yes (1) | CompensationProcessCEOInd |
| Compensation Process Other | 0 | CompensationProcessOtherInd |
| Investment In Joint Venture | 0 | InvestmentInJointVentureInd |
| Own Website | Yes (X) | OwnWebsiteInd |
| Upon Request | Yes (X) | UponRequestInd |
Books In Care Of Detail BooksInCareOfDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person | CHERYL BUTZ | PersonNm |
| Phone | 6123709141 | PhoneNum |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 81 S NINTH STREET 200 | AddressLine1 |
| City | MINNEAPOLIS | City |
| State | MN | State |
| ZIP Code | 55402 | ZIPCode |
Form990 Part VII Section A Form990PartVIISectionAGrp (47 entries)
| TitleTitleTxt | Average Hours Per WeekAverageHoursPerWeekRt | Average Hours Per Week Rltd OrgAverageHoursPerWeekRltdOrgRt | Individual Trustee Or DirectorIndividualTrusteeOrDirectorInd | OfficerOfficerInd | Reportable Comp From OrgReportableCompFromOrgAmt | Reportable Comp From Rltd OrgReportableCompFromRltdOrgAmt | Other CompensationOtherCompensationAmt | Highest Compensated EmployeeHighestCompensatedEmployeeInd |
|---|---|---|---|---|---|---|---|---|
| WILLIAM JONASON | ||||||||
| CHAIR | 1.00 | 1.00 | Yes (X) | Yes (X) | $0 | $0 | $0 | |
| SUSAN ADAMS LLOYD | ||||||||
| PAST CHAIR | 1.00 | 1.00 | Yes (X) | Yes (X) | $0 | $0 | $0 | |
| PATRICIA GRAZZINI | ||||||||
| TREASURER | 1.00 | 1.00 | Yes (X) | Yes (X) | $0 | $0 | $0 | |
| MARK ADKINS | ||||||||
| BOARD DIRECTOR | 1.00 | 1.00 | Yes (X) | $0 | $0 | $0 | ||
| TODD ANLAUF | ||||||||
| BOARD DIRECTOR | 0.30 | 0.10 | Yes (X) | $0 | $0 | $0 | ||
| LESTER BAGLEY | ||||||||
| BOARD DIRECTOR | 0.30 | 0.10 | Yes (X) | $0 | $0 | $0 | ||
| MARK BECKER | ||||||||
| BOARD DIRECTOR | 0.30 | 0.10 | Yes (X) | $0 | $0 | $0 | ||
| JAY COWLES | ||||||||
| BOARD DIRECTOR | 0.30 | 0.10 | Yes (X) | $0 | $0 | $0 | ||
| DON BORNHORST | ||||||||
| BOARD DIRECTOR | 0.30 | 0.10 | Yes (X) | $0 | $0 | $0 | ||
| RANDY BOUSHEK | ||||||||
| BOARD DIRECTOR | 0.30 | 0.10 | Yes (X) | $0 | $0 | $0 | ||
| DAVID HAKENSEN | ||||||||
| BOARD DIRECTOR | 0.30 | 0.10 | Yes (X) | $0 | $0 | $0 | ||
| MIKE DIMOND | ||||||||
| BOARD DIRECTOR | 0.30 | 0.10 | Yes (X) | $0 | $0 | $0 | ||
| KRISTINE DONATELLE | ||||||||
| BOARD DIRECTOR | 0.30 | 0.10 | Yes (X) | $0 | $0 | $0 | ||
| KIP ELLIOTT | ||||||||
| BOARD DIRECTOR | 0.30 | 0.10 | Yes (X) | $0 | $0 | $0 | ||
| DEBORAH FERRY | ||||||||
| BOARD DIRECTOR | 0.30 | 0.10 | Yes (X) | $0 | $0 | $0 | ||
| THOMAS E GERSTER | ||||||||
| BOARD DIRECTOR | 0.30 | 0.10 | Yes (X) | $0 | $0 | $0 | ||
| LINDA HALLER | ||||||||
| BOARD DIRECTOR | 0.30 | 0.10 | Yes (X) | $0 | $0 | $0 | ||
| ERIC HALVORSON | ||||||||
| BOARD DIRECTOR | 0.30 | 0.10 | Yes (X) | $0 | $0 | $0 | ||
| JOANN HANSON | ||||||||
| BOARD DIRECTOR | 0.30 | 0.10 | Yes (X) | $0 | $0 | $0 | ||
| CORY HOEPPNER | ||||||||
| BOARD DIRECTOR | 0.30 | 0.10 | Yes (X) | $0 | $0 | $0 | ||
| JOE JACOBSEN | ||||||||
| BOARD DIRECTOR | 0.30 | 0.10 | Yes (X) | $0 | $0 | $0 | ||
| STEVE JAHN | ||||||||
| BOARD DIRECTOR | 0.30 | 0.10 | Yes (X) | $0 | $0 | $0 | ||
| MATT JOHNSON | ||||||||
| BOARD DIRECTOR | 0.30 | 0.10 | Yes (X) | $0 | $0 | $0 | ||
| C THEODORE JOHNSON | ||||||||
| BOARD DIRECTOR | 0.30 | 0.10 | Yes (X) | $0 | $0 | $0 | ||
| SANG KIM | ||||||||
| BOARD DIRECTOR | 0.30 | 0.10 | Yes (X) | $0 | $0 | $0 | ||
| BRIEN KENNEDY | ||||||||
| BOARD DIRECTOR | 0.30 | 0.10 | Yes (X) | $0 | $0 | $0 | ||
| MICHAEL KLINGENSMITH | ||||||||
| BOARD DIRECTOR | 0.30 | 0.10 | Yes (X) | $0 | $0 | $0 | ||
| LEE KOCH | ||||||||
| BOARD DIRECTOR | 0.30 | 0.10 | Yes (X) | $0 | $0 | $0 | ||
| TONI LEA | ||||||||
| BOARD DIRECTOR | 0.30 | 0.10 | Yes (X) | $0 | $0 | $0 | ||
| KEVIN LEWIS | ||||||||
| BOARD DIRECTOR | 0.30 | 0.10 | Yes (X) | $0 | $0 | $0 | ||
| MARK LUCKE | ||||||||
| BOARD DIRECTOR | 0.30 | 0.10 | Yes (X) | $0 | $0 | $0 | ||
| LAURA MCCARTEN | ||||||||
| BOARD DIRECTOR | 0.30 | 0.10 | Yes (X) | $0 | $0 | $0 | ||
| SUSAN O'REILLY | ||||||||
| BOARD DIRECTOR | 0.30 | 0.10 | Yes (X) | $0 | $0 | $0 | ||
| DAVID PRINCE | ||||||||
| BOARD DIRECTOR | 0.30 | 0.10 | Yes (X) | $0 | $0 | $0 | ||
| IRENE QUARSHIE | ||||||||
| BOARD DIRECTOR | 0.30 | 0.10 | Yes (X) | $0 | $0 | $0 | ||
| WILL ROACH | ||||||||
| BOARD DIRECTOR | 0.30 | 0.10 | Yes (X) | $0 | $0 | $0 | ||
| JOM ROTH | ||||||||
| BOARD DIRECTOR | 0.30 | 0.10 | Yes (X) | $0 | $0 | $0 | ||
| DAN SEEMAN | ||||||||
| BOARD DIRECTOR | 0.30 | 0.10 | Yes (X) | $0 | $0 | $0 | ||
| KENNETH SORENSEN | ||||||||
| BOARD DIRECTOR | 0.30 | 0.10 | Yes (X) | $0 | $0 | $0 | ||
| MARK STENGLEIN | ||||||||
| BOARD DIRECTOR | 0.30 | 0.10 | Yes (X) | $0 | $0 | $0 | ||
| DAVID TASHJIAN | ||||||||
| BOARD DIRECTOR | 0.30 | 0.10 | Yes (X) | $0 | $0 | $0 | ||
| MELVIN TENNANT | ||||||||
| BOARD DIRECTOR | 0.30 | 0.10 | Yes (X) | $0 | $0 | $0 | ||
| ANDRE' THIBAULT | ||||||||
| BOARD DIRECTOR | 0.30 | 0.10 | Yes (X) | $0 | $0 | $0 | ||
| PHILLIP TRIER | ||||||||
| BOARD DIRECTOR | 0.30 | 0.10 | Yes (X) | $0 | $0 | $0 | ||
| JOSEPH VORTHERMS | ||||||||
| BOARD DIRECTOR | 0.30 | 0.10 | Yes (X) | $0 | $0 | $0 | ||
| TODD KLINGEL | ||||||||
| PRESIDENT/CEO | 40.00 | 5.00 | Yes (X) | $182,251 | $0 | $55,881 | ||
| WILLIAM L SCHROEER | ||||||||
| DIRECTOR INFRASTRUCTURE FOR ECONOMIC DEVELOPMENT | 40.00 | 0.00 | $118,446 | $0 | $7,218 | Yes (X) | ||
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Reportable Comp From Org | $300,697 | TotalReportableCompFromOrgAmt |
| Tot Reportable Comp Rltd Org | $0 | TotReportableCompRltdOrgAmt |
| Total Other Compensation | $63,099 | TotalOtherCompensationAmt |
| Indiv Rcvd Greater Than100 K | 2 | IndivRcvdGreaterThan100KCnt |
| Former Ofcr Employees Listed | 0 | FormerOfcrEmployeesListedInd |
| Total Comp Greater Than150 K | Yes (1) | TotalCompGreaterThan150KInd |
| Compensation From Other Srcs | 0 | CompensationFromOtherSrcsInd |
| Cntrct Rcvd Greater Than100 K | 0 | CntrctRcvdGreaterThan100KCnt |
| All Other Contributions | $136,204 | AllOtherContributionsAmt |
| Total Contributions | $136,204 | TotalContributionsAmt |
Program Service Revenue ProgramServiceRevenueGrp (5 entries)
| DescDesc | BusinessBusinessCd | Total Revenue ColumnTotalRevenueColumnAmt | Related Or Exempt Func IncomeRelatedOrExemptFuncIncomeAmt | Unrelated Business RevenueUnrelatedBusinessRevenueAmt |
|---|---|---|---|---|
| MEMBERSHIP DUES | 519100 | $1,076,974 | $1,076,974 | |
| EVENTS, FUNCTIONS | 519100 | $794,829 | $794,829 | |
| LEADERSHIP PROGRAM | 519100 | $110,648 | $110,648 | |
| ADVERTISING | 511120 | $8,270 | $8,270 | |
| INFORMATION SERVICES | 519100 | $103 | $103 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Program Service Revenue | $1,990,824 | TotalProgramServiceRevenueAmt |
Investment Income InvestmentIncomeGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $1,704 | TotalRevenueColumnAmt |
| Exclusion | $1,704 | ExclusionAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Gross Sales Of Inventory | $82,932 | GrossSalesOfInventoryAmt |
| Cost Of Goods Sold | $87,634 | CostOfGoodsSoldAmt |
Net Income Or Loss NetIncomeOrLossGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | -$4,702 | TotalRevenueColumnAmt |
| Unrelated Business Revenue | -$4,702 | UnrelatedBusinessRevenueAmt |
Other Revenue Misc OtherRevenueMiscGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Desc | MISCELLANEOUS INCOME | Desc |
| Business | 900099 | BusinessCd |
| Total Revenue Column | $37,547 | TotalRevenueColumnAmt |
| Unrelated Business Revenue | $37,100 | UnrelatedBusinessRevenueAmt |
| Exclusion | $447 | ExclusionAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Revenue Total | $37,547 | OtherRevenueTotalAmt |
Total Revenue TotalRevenueGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $2,161,577 | TotalRevenueColumnAmt |
| Related Or Exempt Func Income | $1,982,554 | RelatedOrExemptFuncIncomeAmt |
| Unrelated Business Revenue | $40,668 | UnrelatedBusinessRevenueAmt |
| Exclusion | $2,151 | ExclusionAmt |
Grants To Domestic Orgs GrantsToDomesticOrgsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $59,000 | TotalAmt |
Comp Current Ofcr Directors CompCurrentOfcrDirectorsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $238,132 | TotalAmt |
Other Salaries And Wages OtherSalariesAndWagesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $627,069 | TotalAmt |
Pension Plan Contributions PensionPlanContributionsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $10,150 | TotalAmt |
Other Employee Benefits OtherEmployeeBenefitsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $19,645 | TotalAmt |
Payroll Taxes PayrollTaxesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $71,765 | TotalAmt |
Fees For Services Accounting FeesForServicesAccountingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $82,649 | TotalAmt |
Fees For Services Lobbying FeesForServicesLobbyingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $5,000 | TotalAmt |
Fees For Services Other FeesForServicesOtherGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $12,203 | TotalAmt |
Advertising AdvertisingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $119,976 | TotalAmt |
Office Expenses OfficeExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $78,476 | TotalAmt |
Royalties RoyaltiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $53,397 | TotalAmt |
Occupancy OccupancyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $266,961 | TotalAmt |
Travel TravelGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $64,670 | TotalAmt |
Conferences Meetings ConferencesMeetingsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $360,251 | TotalAmt |
Depreciation Depletion DepreciationDepletionGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $18,852 | TotalAmt |
Insurance InsuranceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $13,940 | TotalAmt |
Other Expenses OtherExpensesGrp (4 entries)
| DescDesc | TotalTotalAmt |
|---|---|
| MISCELLANEOUS | $51,970 |
| BANK SERVICE CHARGES | $20,317 |
| DUES AND SUBSCRIPTIONS | $9,731 |
| TAXES | $4,365 |
Total Functional Expenses TotalFunctionalExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $2,188,519 | TotalAmt |
Cash Non Interest Bearing CashNonInterestBearingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $280,391 | BOYAmt |
| EOY | $205,658 | EOYAmt |
Savings And Temp Cash Invst SavingsAndTempCashInvstGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $548,204 | BOYAmt |
| EOY | $548,859 | EOYAmt |
Accounts Receivable AccountsReceivableGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $42,030 | BOYAmt |
| EOY | $37,961 | EOYAmt |
Prepaid Expenses Defrd Charges PrepaidExpensesDefrdChargesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $94,363 | BOYAmt |
| EOY | $78,628 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Land Bldg Equip Cost Or Other Bss | $519,069 | LandBldgEquipCostOrOtherBssAmt |
| Land Bldg Equip Accum Deprec | $437,055 | LandBldgEquipAccumDeprecAmt |
Land Bldg Equip Basis Net LandBldgEquipBasisNetGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $54,935 | BOYAmt |
| EOY | $82,014 | EOYAmt |
Other Assets Total OtherAssetsTotalGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $12,990 | BOYAmt |
| EOY | $18,091 | EOYAmt |
Total Assets TotalAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $1,032,913 | BOYAmt |
| EOY | $971,211 | EOYAmt |
Accounts Payable Accr Expnss AccountsPayableAccrExpnssGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $44,672 | BOYAmt |
| EOY | $123,186 | EOYAmt |
Deferred Revenue DeferredRevenueGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $626,207 | BOYAmt |
| EOY | $513,427 | EOYAmt |
Other Liabilities OtherLiabilitiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $24,655 | BOYAmt |
| EOY | $19,459 | EOYAmt |
Total Liabilities TotalLiabilitiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $695,534 | BOYAmt |
| EOY | $656,072 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Organization Follows SFAS117 | Yes (X) | OrganizationFollowsSFAS117Ind |
Unrestricted Net Assets UnrestrictedNetAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $337,379 | BOYAmt |
| EOY | $315,139 | EOYAmt |
Total Net Assets Fund Balance TotalNetAssetsFundBalanceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $337,379 | BOYAmt |
| EOY | $315,139 | EOYAmt |
Tot Liab Net Assets Fund Balance TotLiabNetAssetsFundBalanceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $1,032,913 | BOYAmt |
| EOY | $971,211 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Info In Schedule O Part XI | Yes (X) | InfoInScheduleOPartXIInd |
| Reconcilation Revenue Expnss | -$26,942 | ReconcilationRevenueExpnssAmt |
| Other Changes In Net Assets | $4,702 | OtherChangesInNetAssetsAmt |
| Method Of Accounting Accrual | Yes (X) | MethodOfAccountingAccrualInd |
| Accountant Compile Or Review | 0 | AccountantCompileOrReviewInd |
| FS Audited | Yes (1) | FSAuditedInd |
FS Audited Basis FSAuditedBasisGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Consolidated Basis Fincl Stmt | Yes (X) | ConsolidatedBasisFinclStmtInd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Audit Committee | Yes (1) | AuditCommitteeInd |
| Federal Grant Audit Required | 0 | FederalGrantAuditRequiredInd |
Schedule C IRS990ScheduleC
| Field | Value | IRS element (for citing) |
|---|---|---|
| Political Expenditures | $0 | PoliticalExpendituresAmt |
| Volunteer Hours | 0 | VolunteerHoursCnt |
| Substantially All Dues Nonded | 0 | SubstantiallyAllDuesNondedInd |
| Only In House Lobbying | 0 | OnlyInHouseLobbyingInd |
| Agree Carryover Prior Year | 0 | AgreeCarryoverPriorYearInd |
| Dues Assessments | $1,076,974 | DuesAssessmentsAmt |
| Non Deductible Lbbyng Pltcl CY | $6,922 | NonDeductibleLbbyngPltclCYAmt |
| Non Deductible Lbbyng Pltcl Tot | $6,922 | NonDeductibleLbbyngPltclTotAmt |
| Aggregate Reported Dues Ntc | $32,269 | AggregateReportedDuesNtcAmt |
| Taxable | -$25,347 | TaxableAmt |
Schedule D IRS990ScheduleD
Leasehold Improvements LeaseholdImprovementsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | $97,115 | OtherCostOrOtherBasisAmt |
| Depreciation | $54,133 | DepreciationAmt |
| Book Value | $42,982 | BookValueAmt |
Equipment EquipmentGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | $380,366 | OtherCostOrOtherBasisAmt |
| Depreciation | $343,704 | DepreciationAmt |
| Book Value | $36,662 | BookValueAmt |
Other Land Buildings OtherLandBuildingsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | $41,588 | OtherCostOrOtherBasisAmt |
| Depreciation | $39,218 | DepreciationAmt |
| Book Value | $2,370 | BookValueAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Book Value Land Buildings | $82,014 | TotalBookValueLandBuildingsAmt |
Other Liabilities Org OtherLiabilitiesOrgGrp (2 entries)
| DescDesc | AmtAmt |
|---|---|
| CAPITAL LEASE PAYABLE | $12,176 |
| DEFERRED RENT BENEFIT | $7,283 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Liability | $19,459 | TotalLiabilityAmt |
| Footnote Text | Yes (X) | FootnoteTextInd |
| Total Rev Etc Audited Fincl Stmt | $2,635,487 | TotalRevEtcAuditedFinclStmtAmt |
| Donated Services And Use Fclts | $114,858 | DonatedServicesAndUseFcltsAmt |
| Other Revenue | $354,350 | OtherRevenueAmt |
| Revenue Not Reported | $469,208 | RevenueNotReportedAmt |
| Revenue Subtotal | $2,166,279 | RevenueSubtotalAmt |
| Other Revenues Not Included | -$4,702 | OtherRevenuesNotIncludedAmt |
| Revenue Not Reported Fincl Stmt | -$4,702 | RevenueNotReportedFinclStmtAmt |
| Total Revenue Per Form990 | $2,161,577 | TotalRevenuePerForm990Amt |
| Tot Expns Etc Audited Fincl Stmt | $2,650,939 | TotExpnsEtcAuditedFinclStmtAmt |
| Donated Services Use Fclts | $114,858 | DonatedServicesUseFcltsAmt |
| Other Expenses Included | $347,562 | OtherExpensesIncludedAmt |
| Expenses Not Reported | $462,420 | ExpensesNotReportedAmt |
| Expenses Subtotal | $2,188,519 | ExpensesSubtotalAmt |
| Expenses Not Rpt Fincl Stmt | $0 | ExpensesNotRptFinclStmtAmt |
| Total Expenses Per Form990 | $2,188,519 | TotalExpensesPerForm990Amt |
Supplemental Information Detail SupplementalInformationDetail (4 entries)
| Form And Line ReferenceFormAndLineReferenceDesc | ExplanationExplanationTxt |
|---|---|
| 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 2010 THROUGH 2012 ARE OPEN TO EXAMINATION BY FEDERAL AUTHORITIES. |
| PART XI, LINE 2D - OTHER ADJUSTMENTS: | REVENUES OF AFFILIATE REPORTED ON A SEPARATE RETURN 354,350. |
| PART XI, LINE 4B - OTHER ADJUSTMENTS: | NET INCOME FROM TICKET SALES RECORDED AS PREPAID -4,702. |
| PART XII, LINE 2D - OTHER ADJUSTMENTS: | EXPENSES OF AFFILIATE REPORTED ON A SEPARATE RETURN 347,562. |
Schedule I IRS990ScheduleI
| Field | Value | IRS element (for citing) |
|---|---|---|
| Grant Records Maintained | Yes (1) | GrantRecordsMaintainedInd |
Recipient Table RecipientTable (5 entries)
| Address Line1USAddress/AddressLine1 | CityUSAddress/City | StateUSAddress/State | ZIP CodeUSAddress/ZIPCode | Recipient EINRecipientEIN | IRC SectionIRCSectionDesc | Cash GrantCashGrantAmt | Purpose Of GrantPurposeOfGrantTxt |
|---|---|---|---|---|---|---|---|
| JIM HIGGINS INSURANCE COMPANY | |||||||
| 2220-2226 CENTRAL AVE NE | MINNEAPOLIS | MN | 55418 | 411420096 | N/A | $10,000 | FACADE GRANT |
| MCCLEARY WINE AND SPIRITS | |||||||
| 3528 CENTRAL AVE NE | MINNEAPOLIS | MN | 55418 | 262967302 | N/A | $5,000 | FACADE GRANT |
| AJN INC - SUBWAY | |||||||
| 2501 CENTRAL AVE NE | MINNEAPOLIS | MN | 55418 | 411626376 | N/A | $10,000 | FACADE GRANT |
| THE SOAP SHOP | |||||||
| 514 2ND STREET SE | MINNEAPOLIS | MN | 55414 | 411658987 | N/A | $5,000 | FACADE GRANT |
| NE BULLDOG | |||||||
| 401 E HENNEPIN | MINNEAPOLIS | MN | 55414 | 562580903 | N/A | $5,000 | FACADE GRANT |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total501c3 Org | 0 | Total501c3OrgCnt |
| Total Other Org | 5 | TotalOtherOrgCnt |
Supplemental Information Detail SupplementalInformationDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Form And Line Reference | PART I, LINE 2: | FormAndLineReferenceDesc |
| Explanation | 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. | ExplanationTxt |
Schedule J IRS990ScheduleJ
| Field | Value | IRS element (for citing) |
|---|---|---|
| Compensation Committee | Yes (X) | CompensationCommitteeInd |
| Form990 Of Other Organizations | Yes (X) | Form990OfOtherOrganizationsInd |
| Compensation Survey | Yes (X) | CompensationSurveyInd |
| Board Or Committee Approval | Yes (X) | BoardOrCommitteeApprovalInd |
| Severance Payment | 0 | SeverancePaymentInd |
| Supplemental Nonqual Rtr Plan | 0 | SupplementalNonqualRtrPlanInd |
| Equity Based Comp Arrngm | 0 | EquityBasedCompArrngmInd |
Rltd Org Officer Trst Key Empl RltdOrgOfficerTrstKeyEmplGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person | TODD KLINGEL | PersonNm |
| Title | PRESIDENT/CEO | TitleTxt |
| Base Compensation Filing Org | $165,800 | BaseCompensationFilingOrgAmt |
| Compensation Based On Rltd Orgs | $0 | CompensationBasedOnRltdOrgsAmt |
| Bonus Filing Organization | $15,250 | BonusFilingOrganizationAmount |
| Bonus Related Organizations | $0 | BonusRelatedOrganizationsAmt |
| Other Compensation Filing Org | $1,201 | OtherCompensationFilingOrgAmt |
| Other Compensation Rltd Orgs | $0 | OtherCompensationRltdOrgsAmt |
| Deferred Compensation Flng Org | $22,804 | DeferredCompensationFlngOrgAmt |
| Deferred Comp Rltd Orgs | $0 | DeferredCompRltdOrgsAmt |
| Nontaxable Benefits Filing Org | $33,077 | NontaxableBenefitsFilingOrgAmt |
| Nontaxable Benefits Rltd Orgs | $0 | NontaxableBenefitsRltdOrgsAmt |
| Total Compensation Filing Org | $238,132 | TotalCompensationFilingOrgAmt |
| Total Compensation Rltd Orgs | $0 | TotalCompensationRltdOrgsAmt |
| Comp Report Prior990 Filing Org | $15,250 | CompReportPrior990FilingOrgAmt |
| Comp Report Prior990 Rltd Orgs | $0 | CompReportPrior990RltdOrgsAmt |
Schedule L IRS990ScheduleL
Bus Tr Involve Interested Prsn BusTrInvolveInterestedPrsnGrp (2 entries)
| Relationship DescriptionRelationshipDescriptionTxt | TransactionTransactionAmt | TransactionTransactionDesc | Sharing Of RevenuesSharingOfRevenuesInd |
|---|---|---|---|
| DELTA AIRLINES | |||
| D. BORNHORST, FORMER CHAMBER BOARD MEMBER IS AN OFFICER OF DELTA AIRLINES | $33,507 | PURCHASE OF AIRLINE TICKETS | 0 |
| MINNESOTA TWINS | |||
| D. ST. PETER, A CHAMBER BOARD MEMBER IS AN OFFICER OF THE MINNESOTA TWINS | $69,900 | PURCHASE OF GAME TICKETS | 0 |
Schedule O IRS990ScheduleO
Supplemental Information Detail SupplementalInformationDetail (7 entries)
| Form And Line ReferenceFormAndLineReferenceDesc | ExplanationExplanationTxt |
|---|---|
| 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 REIVEW 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 2013. 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 4,702. |
Schedule R IRS990ScheduleR
Id Related Tax Exempt Org IdRelatedTaxExemptOrgGrp
Disregarded Entity Name DisregardedEntityName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | MINNEAPOLIS REGIONAL CHAMBER DEVELOPMENT FOUNDATION | BusinessNameLine1 |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 81 S NINTH ST 200 | AddressLine1 |
| City | MINNEAPOLIS | City |
| State | MN | State |
| ZIP Code | 55402 | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 363468708 | EIN |
| Primary Activities | ECONOMIC DEVELOPMENT | PrimaryActivitiesTxt |
| Legal Domicile State | MN | LegalDomicileStateCd |
| Exempt Code Section | 501(C)(3) | ExemptCodeSectionTxt |
| Public Charity Status | LINE 7 | PublicCharityStatusTxt |
Direct Controlling Entity Name DirectControllingEntityName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | MINNEAPOLIS REGIONAL CHAMBER OF COMMERCE | BusinessNameLine1 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Controlled Organization | Yes (1) | ControlledOrganizationInd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Receipt Of Int Annts Rnts Rylts | 0 | ReceiptOfIntAnntsRntsRyltsInd |
| Gift Grnt Or Cap Contri To Oth Org | 0 | GiftGrntOrCapContriToOthOrgInd |
| Gift Grnt Cap Contri From Oth Org | 0 | GiftGrntCapContriFromOthOrgInd |
| Loans Or Guarantees To Other Org | 0 | LoansOrGuaranteesToOtherOrgInd |
| Loans Or Guarantees From Oth Org | 0 | LoansOrGuaranteesFromOthOrgInd |
| Div Related Organization | 0 | DivRelatedOrganizationInd |
| Asset Sale To Other Org | 0 | AssetSaleToOtherOrgInd |
| Asset Purchase From Other Org | 0 | AssetPurchaseFromOtherOrgInd |
| Asset Exchange | 0 | AssetExchangeInd |
| Rental Of Facilities To Oth Org | 0 | RentalOfFacilitiesToOthOrgInd |
| Rental Of Fclts From Oth Org | 0 | RentalOfFcltsFromOthOrgInd |
| Perform Of Services For Oth Org | Yes (1) | PerformOfServicesForOthOrgInd |
| Perform Of Services By Other Org | 0 | PerformOfServicesByOtherOrgInd |
| Sharing Of Facilities | Yes (1) | SharingOfFacilitiesInd |
| Paid Employees Sharing | Yes (1) | PaidEmployeesSharingInd |
| Reimbursement Paid To Other Org | 0 | ReimbursementPaidToOtherOrgInd |
| Reimbursement Paid By Other Org | Yes (1) | ReimbursementPaidByOtherOrgInd |
| Transfer To Other Org | Yes (1) | TransferToOtherOrgInd |
| Transfer From Other Org | Yes (1) | TransferFromOtherOrgInd |
Transactions Related Org TransactionsRelatedOrgGrp
Other Organization Name OtherOrganizationName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | MINNEAPOLIS REGIONAL CHAMBER DEVELOPMENT FOUNDATION | BusinessNameLine1 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Transaction Type | O | TransactionTypeTxt |
| Involved | $155,636 | InvolvedAmt |
| Method Of Amount Determination | CASH AMOUNT | MethodOfAmountDeterminationTxt |
Comments