2014-10-28T16:16:05-05:00 2013-12-31 410746749 CLIFTONLARSONALLEN LLP 220 SOUTH SIXTH STREET SUITE 300 MINNEAPOLIS MN 55402 990 2013-01-01 410414520 MINNEAPOLIS REGIONAL CHAMBER OF COMMERCE MINN 6123709141 81 SOUTH NINTH STREET NO 200 MINNEAPOLIS MN 55402 TODD KLINGEL PRESIDENT & CEO 6123709141 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 2249211 0 X WWW.MINNEAPOLISCHAMBER.ORG X 1881 MN CREATING POWERFUL PARTNERSHIPS TO UNITE AND GROW MEMBER BUSINESSES AND THE REGION. 41 40 23 150 40668 18092 18265 136204 1900497 1990824 1184 1704 41211 32845 1961157 2161577 0 59000 0 0 903247 966761 0 0 0 1055112 1162758 1958359 2188519 2798 -26942 1032913 971211 695534 656072 337379 315139 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 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. 0 0 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 1 0 1 9 0 23 1 1 1 0 0 0 0 0 0 0 X 41 40 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 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 TREASURER 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 0.30 0.10 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 JAY COWLES 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 DAVID HAKENSEN BOARD DIRECTOR 0.30 0.10 X 0 0 0 MIKE DIMOND BOARD DIRECTOR 0.30 0.10 X 0 0 0 KRISTINE DONATELLE 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 THOMAS E GERSTER BOARD DIRECTOR 0.30 0.10 X 0 0 0 LINDA HALLER 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 CORY HOEPPNER BOARD DIRECTOR 0.30 0.10 X 0 0 0 JOE JACOBSEN BOARD DIRECTOR 0.30 0.10 X 0 0 0 STEVE JAHN 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 SANG KIM BOARD DIRECTOR 0.30 0.10 X 0 0 0 BRIEN KENNEDY BOARD DIRECTOR 0.30 0.10 X 0 0 0 MICHAEL KLINGENSMITH BOARD DIRECTOR 0.30 0.10 X 0 0 0 LEE KOCH 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 MARK LUCKE BOARD DIRECTOR 0.30 0.10 X 0 0 0 LAURA MCCARTEN BOARD DIRECTOR 0.30 0.10 X 0 0 0 SUSAN O'REILLY 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 WILL ROACH BOARD DIRECTOR 0.30 0.10 X 0 0 0 JOM ROTH 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 MARK STENGLEIN BOARD DIRECTOR 0.30 0.10 X 0 0 0 DAVID TASHJIAN 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 PHILLIP TRIER BOARD DIRECTOR 0.30 0.10 X 0 0 0 JOSEPH VORTHERMS BOARD DIRECTOR 0.30 0.10 X 0 0 0 TODD KLINGEL PRESIDENT/CEO 40.00 5.00 X 182251 0 55881 WILLIAM L SCHROEER DIRECTOR INFRASTRUCTURE FOR ECONOMIC DEVELOPMENT 40.00 0.00 X 118446 0 7218 300697 0 63099 2 0 1 0 0 136204 136204 MEMBERSHIP DUES 519100 1076974 1076974 EVENTS, FUNCTIONS 519100 794829 794829 LEADERSHIP PROGRAM 519100 110648 110648 ADVERTISING 511120 8270 8270 INFORMATION SERVICES 519100 103 103 1990824 1704 1704 82932 87634 -4702 -4702 MISCELLANEOUS INCOME 900099 37547 37100 447 37547 2161577 1982554 40668 2151 59000 238132 627069 10150 19645 71765 82649 5000 12203 119976 78476 53397 266961 64670 360251 18852 13940 MISCELLANEOUS 51970 BANK SERVICE CHARGES 20317 DUES AND SUBSCRIPTIONS 9731 TAXES 4365 2188519 280391 205658 548204 548859 42030 37961 94363 78628 519069 437055 54935 82014 12990 18091 1032913 971211 44672 123186 626207 513427 24655 19459 695534 656072 X 337379 315139 337379 315139 1032913 971211 X -26942 4702 X 0 1 X 1 0 0 0 0 0 0 1076974 6922 6922 32269 -25347 97115 54133 42982 380366 343704 36662 41588 39218 2370 82014 CAPITAL LEASE PAYABLE 12176 DEFERRED RENT BENEFIT 7283 19459 X 2635487 114858 354350 469208 2166279 -4702 -4702 2161577 2650939 114858 347562 462420 2188519 0 2188519 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. 1 JIM HIGGINS INSURANCE COMPANY 2220-2226 CENTRAL AVE NE MINNEAPOLIS MN 55418 411420096 N/A 10000 FACADE GRANT MCCLEARY WINE AND SPIRITS 3528 CENTRAL AVE NE MINNEAPOLIS MN 55418 262967302 N/A 5000 FACADE GRANT AJN INC - SUBWAY 2501 CENTRAL AVE NE MINNEAPOLIS MN 55418 411626376 N/A 10000 FACADE GRANT THE SOAP SHOP 514 2ND STREET SE MINNEAPOLIS MN 55414 411658987 N/A 5000 FACADE GRANT NE BULLDOG 401 E HENNEPIN MINNEAPOLIS MN 55414 562580903 N/A 5000 FACADE GRANT 0 5 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 165800 0 15250 0 1201 0 22804 0 33077 0 238132 0 15250 0 DELTA AIRLINES D. BORNHORST, FORMER CHAMBER BOARD MEMBER IS AN OFFICER OF DELTA AIRLINES 33507 PURCHASE OF AIRLINE TICKETS 0 MINNESOTA TWINS D. ST. PETER, A CHAMBER BOARD MEMBER IS AN OFFICER OF THE MINNESOTA TWINS 69900 PURCHASE OF GAME TICKETS 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 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. 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 MINNEAPOLIS REGIONAL CHAMBER DEVELOPMENT FOUNDATION O 155636 CASH AMOUNT