2012-07-11T10:02:09-05:00 2011-08-31 CLIFTONLARSONALLEN LLP 220 SOUTH SIXTH STREET SUITE 300 MINNEAPOLIS MN 55402 990 2010-09-01 411317465 MINNESOTA BUSINESS PARTNERSHIP MINN 6123700840 80 SOUTH EIGHTH STREET NO 3530 MINNEAPOLIS MN 55402 CHARLES WEAVER 6123700840 2012-06-20 1 JOHN TAUER 6123764500 2010 2016-02-24 21:20:13Z CHARLES WEAVER 80 SOUTH EIGHTH STREET NO 3530 MINNEAPOLIS MN 55402 4418216 0 X WWW.MNBP.COM X 1977 MN TO MAINTAIN A HIGH QUALITY OF LIFE FOR ALL MINNESOTANS. 105 105 7 113 0 0 0 0 2051725 2588041 13502 6547 0 8457 2065227 2603045 188112 719488 0 0 1424328 1305103 0 0 0 460348 474213 2072788 2498804 -7561 104241 1211809 860970 633453 182713 578356 678257 X THE MINNESOTA BUSINESS PARTNERSHIP'S MISSION IS TO MAINTAIN A HIGH QUALITY OF LIFE FOR ALL MINNESOTANS BY ENSURING THAT THE STATE'S ECONOMY REMAINS STRONG, GLOBALLY COMPETITIVE AND ITS PROSPECTS FOR GROWTH BRIGHT BY WORKING WITH ELECTED OFFICIALS AND STATE AGENCY STAFF ON A RANGE OF PUBLIC POLICY ISSUES RELEVANT TO ALL MINNESOTANS: EDUCATION, FISCAL POLICY, HEALTH CARE, CIVIL JUSTICE, GOVERNMENT ETHICS AND ELECTIONS, AND REGULATORY POLICIES. 0 0 THE MINNESOTA BUSINESS PARTNERSHIP'S MISSION IS TO MAINTAIN A HIGH QUALITY OF LIFE FOR ALL MINNESOTANS BY ENSURING THAT THE STATE'S ECONOMY REMAINS STRONG, GLOBALLY COMPETITIVE AND ITS PROSPECTS FOR GROWTH BRIGHT BY WORKING WITH ELECTED OFFICIALS AND STATE AGENCY STAFF ON A RANGE OF PUBLIC POLICY ISSUES RELEVANT TO ALL MINNESOTANS: EDUCATION, FISCAL POLICY, HEALTH CARE, CIVIL JUSTICE, GOVERNMENT ETHICS AND ELECTIONS, AND REGULATORY POLICIES. 0 0 0 1 0 0 0 1 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 0 0 0 0 0 0 1 1 0 0 1 5 0 1 7 1 0 0 0 0 0 0 X 105 105 0 0 0 0 1 1 1 1 1 0 0 1 1 1 1 1 1 1 1 0 X KATIE NADEAU 6123700840 80 SOUTH EIGHTH STREET NO 3530 MINNEAPOLIS MN 55402 RICHARD K DAVIS 1.00 X X 0 0 0 KENDALL J POWELL 1.00 X X 0 0 0 DAVID ABELSON 1.00 X 0 0 0 PATRICK ALEXANDER 1.00 X 0 0 0 JAMES N ANDERSON 1.00 X 0 0 0 LEE ANDERSON 1.00 X 0 0 0 SCOTT P ANDERSON 1.00 X 0 0 0 ALBERT T ANNEXSTAD 1.00 X 0 0 0 DOUGLAS M BAKER JR 1.00 X 0 0 0 MAUREEN BAUSCH 1.00 X 0 0 0 RUSS BECKER 1.00 X 0 0 0 WILLIAM L BEER 1.00 X 0 0 0 GARY BHOJWANI 1.00 X 0 0 0 MARY BRAINERD 1.00 X 0 0 0 GEORGE W BUCKLEY 1.00 X 0 0 0 RALPH W BURNET 1.00 X 0 0 0 JON R CAMPBELL 1.00 X 0 0 0 TALMADGE R CENTERS 1.00 X 0 0 0 WILLIAM COOK 1.00 X 0 0 0 JEFFREY D COTTON 1.00 X 0 0 0 JAMES CRACCHIOLO 1.00 X 0 0 0 MARK E DAVIS 1.00 X 0 0 0 KATHLEEN DOLPHIN 1.00 X 0 0 0 BRIAN DUNN 1.00 X 0 0 0 JAMES DWYER 1.00 X 0 0 0 MARK ECKERLINE 1.00 X 0 0 0 JOHN ERICKSON 1.00 X 0 0 0 RONALD A ERICKSON 1.00 X 0 0 0 JEFREY M ETTINGER 1.00 X 0 0 0 MARK EUSTIS 1.00 X 0 0 0 PAUL D FINKELSTEIN 1.00 X 0 0 0 MICHAEL FITERMAN 1.00 X 0 0 0 GREG FLACK 1.00 X 0 0 0 STAN GADEK 1.00 X 0 0 0 PATRICK J GERAGHTY 1.00 X 0 0 0 JOHN GIBBS 1.00 X 0 0 0 KEVIN GILLIGAN 1.00 X 0 0 0 GUY GILMORE 1.00 X 0 0 0 ALAN L GOLDBLOOM 1.00 X 0 0 0 JAMES B GREEN 1.00 X 0 0 0 TIMIOTHY H HANSON 1.00 X 0 0 0 PAUL HARMEL 1.00 X 0 0 0 STUART C HARVEY JR 1.00 X 0 0 0 WILLIAM A HAWKINS 1.00 X 0 0 0 GARY HENDRICKSON 1.00 X 0 0 0 DOUGLAS C HEPPER 1.00 X 0 0 0 CRAIG R HERKERT 1.00 X 0 0 0 BRADFORD L HEWITT 1.00 X 0 0 0 ALAN R HODNIK 1.00 X 0 0 0 MICHAEL J HOFFMAN 1.00 X 0 0 0 RANDALL J HOGAN 1.00 X 0 0 0 STANLEY S HUBBARD 1.00 X 0 0 0 ANDREW G HUMPHREY 1.00 X 0 0 0 OMAR ISHRAK 1.00 X 0 0 0 DOUGLAS W JAEGER 1.00 X 0 0 0 HUBERT JOLY 1.00 X 0 0 0 ERIC KALER 1.00 X 0 0 0 GEORGE J KEHL 1.00 X 0 0 0 RICHARD C KELLY 1.00 X 0 0 0 H CHRISTOPHER KILLINGSTAD 1.00 X 0 0 0 JAMES KOLAR 1.00 X 0 0 0 JOHN M KONEK 1.00 X 0 0 0 TIM LARSON 1.00 X 0 0 0 WILLIAM LENTSCH 1.00 X 0 0 0 WALT LING 1.00 X 0 0 0 MARK LUCAS 1.00 X 0 0 0 MARTIN R LUECK 1.00 X 0 0 0 DAVID MACLENNAN 1.00 X 0 0 0 WILLIAM L MANSFIELD 1.00 X 0 0 0 KATHRYN V MARINELLO 1.00 X 0 0 0 JOHN W MARVIN 1.00 X 0 0 0 MICHAEL MCFADDEN 1.00 X 0 0 0 THOMAS MCGOUGH JR 1.00 X 0 0 0 PATRICK H MCHALE 1.00 X 0 0 0 WILLIAM R MCLAUGHLIN 1.00 X 0 0 0 HUGH MILLER 1.00 X 0 0 0 DOUGLAS MILROY 1.00 X 0 0 0 MA MORTENSON JR 1.00 X 0 0 0 TIM MURNANE 1.00 X 0 0 0 CHRIS NEUGENT 1.00 X 0 0 0 LARRY NEWMAN 1.00 X 0 0 0 JOHN NOSEWORTHY 1.00 X 0 0 0 DENNIS O'MALLEY 1.00 X 0 0 0 JAMES OWENS 1.00 X 0 0 0 RANDY PEARCE 1.00 X 0 0 0 CHRIS POLICINSKI 1.00 X 0 0 0 JAMES T PROKOPANKO 1.00 X 0 0 0 DUANE RING 1.00 X 0 0 0 JEANNINE M RIVET 1.00 X 0 0 0 THOMAS J ROSEN 1.00 X 0 0 0 VERNON C ROWEN 1.00 X 0 0 0 MICHAEL J RUSINKO 1.00 X 0 0 0 PATRICK G RYAN 1.00 X 0 0 0 DAVID SAGGAU 1.00 X 0 0 0 DIANE SCHMIDT 1.00 X 0 0 0 TOM S SCHREIER JR 1.00 X 0 0 0 ROBERT L SENKLER 1.00 X 0 0 0 MARIANNE S SHORT 1.00 X 0 0 0 PATRICIA SIMMONS 1.00 X 0 0 0 SALLY J SMITH 1.00 X 0 0 0 DANIEL J STARKS 1.00 X 0 0 0 GREGG STEINHAFEL 1.00 X 0 0 0 WILLIAM J SWEASY 1.00 X 0 0 0 MICHAEL SWEENEY 1.00 X 0 0 0 JOHN TAFT 1.00 X 0 0 0 GLEN TAYLOR 1.00 X 0 0 0 DAVID M TILFORD 1.00 X 0 0 0 MIKE TRAIN 1.00 X 0 0 0 MICHAEL F WALSH 1.00 X 0 0 0 PAM WHEELOCK 1.00 X 0 0 0 JOHN P WIEHOFF 1.00 X 0 0 0 JOHN WILGERS 1.00 X 0 0 0 SCOTT W WINE 1.00 X 0 0 0 CHARLES WEAVER 40.00 X 1006095 0 44061 JILL S LARSON 40.00 X 120265 0 33665 JAMES BARTHOLOMEW 40.00 X 112140 0 32668 1238500 0 110394 3 0 1 0 0 MEMBERSHIP DUES 900099 2409881 2409881 ANNUAL MEETING 900099 108160 108160 COALITION FEE 900099 70000 70000 2588041 6547 6547 1815171 1815171 0 0 MISCELLANEOUS REVENUE 900099 8457 8457 8457 2603045 2588041 0 15004 719488 640304 524180 16793 63459 60367 27983 19485 54152 93296 6576 210283 17680 9518 MISCELLANEOUS 27010 POLICY PROGRAMS 5626 DUES AND SUBSCRIPTIONS 2604 2498804 607600 710125 5607 74746 4210 6606 265558 196065 87173 69493 507219 0 1211809 860970 25185 37264 70790 69901 16914 16914 520564 58634 633453 182713 X 578356 678257 578356 678257 1211809 860970 X 104241 -4340 X 0 1 1 X 0 0 0 0 0 0 0 0 0 1 2409881 1116103 689272 1805375 1807411 -2036 0 1 88313 34557 53756 177245 161508 15737 69493 DEFERRED RENT 58634 58634 2603045 2498804 104241 -4340 -4340 99901 2698955 -4340 100250 95910 2603045 0 2603045 2675304 176500 176500 2498804 0 2498804 PART IV, LINE 2B: THE PARTNERSHIP ACTED AS A FISCAL AGENT FOR ONE OTHER ORGANIZATION IN 2011. THE PARTNERSHIP HANDLED THE FINANCIAL ACTIVITY OF THE ORGANIZATION. THE CASH HELD BY THE PARTNERSHIP ON BEHALF OF THE ORGANIZATION IS REPORTED AS A LIABILITY BY THE PARTNERSHIP. DESCRIPTION OF UNCERTAIN TAX POSITIONS UNDER FIN 48: PART X: THE PARTNERSHIP ADOPTED THE ACCOUNTING STANDARD FOR UNCERTAINTY IN INCOME TAXES RECOGNIZED IN AN ENTITY'S FINANCIAL STATEMENTS. THIS STANDARD CLARIFIES THE ACCOUNTING FOR UNCERTAINTY IN INCOME TAXES RECOGNIZED IN AN ENTITY'S FINANCIAL STATEMENTS AND PRESCRIBES A RECOGNITION THRESHOLD FOR THE FINANCIAL STATEMENT RECOGNITION OF TAX POSITIONS TAKEN OR EXPECTED TO BE TAKEN ON A TAX RETURN THAT ARE NOT CERTAIN TO BE REALIZED. THE IMPLEMENTATION OF THIS STANDARD HAD NO IMPACT ON THE PARTNERSHIP'S FINANCIAL STATEMENTS. THE PARTNERSHIP'S TAX RETURNS ARE SUBJECT TO REVIEW AND EXAMINATION BY FEDERAL AUTHORITIES. THE TAX RETURNS FOR THE YEARS 2008 TO 2010 ARE OPEN TO EXAMINATION BY FEDERAL AUTHORITIES. THE PARTNERSHIP HAS NO UNRELATED BUSINESS INCOME. PART XII, LINE 2D - OTHER ADJUSTMENTS: JOBS POLITICAL FUND REVENUES REPORTED ON A SEPARATE RETURN 100,250. PART XIII, LINE 2D - OTHER ADJUSTMENTS: JOBS POLITICAL FUND REVENUES REPORTED ON A SEPARATE RETURN 176,500. 1 COALITION OF MINNESOTA BUSINESSES 80 S EIGHTH ST 3530 MINNEAPOLIS MN 55402 411685181 501(C)(6) 719488 N/A N/A ALLOCABLE PORTION OF DUES 0 1 PROCEDURE FOR MONITORING GRANTS IN THE U.S.: PART I, LINE 2: SCHEDULE I, PART I, LINE 2: EFFECTIVE AUGUST 31, 2006, THE PARTNERSHIP AGREED TO FUND THE OPERATING ACTIVITIES OF THE COALITION OF MINNESOTA BUSINESSES (CMB). TO ACCOMPLISH THIS, THE PARTNERSHIP MODIFIED ITS DUES STRUCTURE; THE ALLOCATION PAID TO THE CMB DOES NOT REQUIRE FORMAL MONITORING SINCE THE PARTNERSHIP OVERSEES ADMINISTRATIVE FUNCTIONS FOR THE CMB. X X 1 1 X X X 0 1 0 CHARLES WEAVER 384673 0 115000 0 506422 0 15747 0 28314 0 1050156 0 333226 0 JILL S LARSON 111440 0 8000 0 825 0 14634 0 19031 0 153930 0 8000 0 PART I, LINE 1A CHARLES WEAVER - GOLF CLUB DUES $8,371 - SOCIAL CLUB DUES $5,008 - THE PERSONAL USE EXPENSES PORTION OF THE AMOUNT WAS INCLUDED IN TAXABLE COMPENSATION. CHARLES WEAVER - VEHICLE ALLOWANCE - $11,871 - NOT INCLUDED IN TAXABLE COMPENSATION. PART I, LINE 4B CHARLES WEAVER - EXECUTIVE DIRECTOR - RECEIVED $504,123 THAT WAS DISTRIBUTED FROM THE DEFERRED COMPENSATION AGREEMENT WHICH HE CASHED OUT 12/31/10. CHARLES WEAVER - EXECUTIVE DIRECTOR - ACCRUAL OF $50,897 FOR DEFERRED COMPENSATION AGREEMENT FOR 12/31/10. FORM 990, PART VI, SECTION A, LINE 6 THE PARTNERSHIP'S MEMBERSHIP CONSISTS OF THOSE INDIVIDUALS THAT HOLD THE POSITION OF CHIEF EXECUTIVE OFFICER OR COMPARABLE POSITION OF A LARGE, PRIVATE EMPLOYER IN THE STATE OF MINNESOTA. THE EXECUTIVE COMMITTEE MAY EXTEND MEMBERSHIP TO AN INDIVIDUAL WHO LEADS A LARGE EMPLOYER NOT IN THE PRIVATE SECTOR, WHERE SUCH MEMBERSHIP IS DEEMED APPROPRIATE. FORM 990, PART VI, SECTION A, LINE 7A THE PARTNERSHIP'S MEMBERS ARE ALSO THE MEMBERS OF THE BOARD OF DIRECTORS. FORM 990, PART VI, SECTION A, LINE 7B THE PARTNERSHIP'S MEMBERS ARE ALSO THE MEMBERS OF THE BOARD OF DIRECTORS; AND HAVE THE AUTHORITY TO ADOPT, AMEND, OR REPEAL ARTICLES OF THE GOVERNING DOCUMENTS. FORM 990, PART VI, SECTION B, LINE 11 THE FORM 990 WILL BE REVIEWED IN DETAIL BY THE AUDIT COMMITTEE. THE FORM 990 AND AUDIT COMMITTEE REVIEW WILL BE PRESENTED TO THE FULL BOARD OF DIRECTORS. THESE ACTIONS WILL TAKE PLACE BEFORE THE RETURN IS FILED WITH THE IRS. FORM 990, PART VI, SECTION B, LINE 12C EACH MEMBER OF THE EXECUTIVE COMMITTEE AND THE STAFF WILL ANNUALLY COMPLETE A DISCLOSURE STATEMENT TO IDENTIFY ANY KNOWN REAL OR POTENTIAL CONFLICTS OF INTEREST. A SUMMARY OF THESE CONFLICTS OF INTEREST WILL BE REVIEWED BY THE GOVERNANCE COMMITTEE AND REPORTED TO THE EXECUTIVE COMMITTEE. ANY MEMBER OF THE BOARD OF DIRECTORS WHO WISHES TO DETERMINE IF A CONFLICT OF INTEREST EXISTS MAY INQUIRE OF THE CHAIR OF THE GOVERNANCE COMMITTTEE FOR A RESOLUTION. ANY CONFLICTED INDIVIDUAL WILL DISCLOSE THE DETAILS OF THE CONFLICT PRIOR TO BOARD REVIEW OF THE TRANSACTION AND DECISION. ANY CONFLICTED DIRECTOR SHALL REFRAIN FROM PARTICIPATION IN THE DISCUSSION AND SHALL ABSTAIN FROM VOTING. THESE ACTIONS SHALL BE NOTED IN THE MEETING MINUTES. FORM 990, PART VI, SECTION B, LINE 15 EXECUTIVE DIRECTOR COMPENSATION IS REVIEWED AND APPROVED IN THREE STAGES: THE BOARD CHAIR, EXECUTIVE COMMITTEE, AND THE FULL BOARD. THE INITIAL EMPLOYMENT CONTRACT COMPENSATION WAS BASED IN PART ON OTHER ORGANIZATIONS' SALARY PRACTICES. THE DELIBERATION PROCESS WAS RECORDED IN THE MEETING MINUTES, THE FINAL EMPLOYMENT CONTRACT, AND IN A COMPENSATION POLICY. THIS PROCESS WAS LAST CONDUCTED IN AUGUST, 2011 FOR EXECUTIVE DIRECTOR, CHARLES WEAVER. OTHER OFFICER/KEY EMPLOYEE COMPENSATION IS PREPARED BY THE EXECUTIVE DIRECTOR FOR REVIEW AND APPROVAL BY THE AUDIT COMMITTEE AS PART OF THE ANNUAL BUDGET PROCESS. THE PARTNERSHIP CONDUCTS A REVIEW OF A SALARY SURVEY EVERY FOUR YEARS AND FOLLOWS A COMPENSATION POLICY FOR DETERMINING COMPENSATION LEVELS. THIS PROCESS WAS LAST CONDUCTED FOR FISCAL POLICY DIRECTOR, JILL LARSON; AND EDUCATION POLICY DIRECTOR, JIM BARTHOLOWMEW IN 2009. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION DOES NOT MAKE ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, NOR ITS FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC. CHANGES IN NET ASSETS OR FUND BALANCES: FORM 990, PART XI, LINE 5: NET UNREALIZED LOSSES ON INVESTMENTS: -4,340. JOBS POLITICAL ACTION FUND 80 SOUTH EIGHTH STREET SUITE 3530 MINNEAPOLIS MN 55402 912066553 POLITICAL FUND MN 527 N/A MINNESOTA BUSINESS PARTNERSHIP 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0