GREATER MINNEAPOLIS CHAMBER OF COMMERCE: Form 990, tax year 2011

View the entire original 990 at ProPublica ↗

Organization
GREATER MINNEAPOLIS CHAMBER OF COMMERCE (EIN 41-0414520)
Tax period
2011-01-01 to 2011-12-31
Filed
2012-11-15
IRS object ID
201223209349302122
Schema version
2011v1.2
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

FieldValueIRS element (for citing)
Timestamp2012-11-15T09:39:57-06:00Timestamp
Tax Period End Date2011-12-31TaxPeriodEndDate

Preparer Firm PreparerFirm

FieldValueIRS element (for citing)
EIN410746749EIN

Preparer Firm Business Name PreparerFirmBusinessName

FieldValueIRS element (for citing)
Business Name Line1CLIFTONLARSONALLEN LLPBusinessNameLine1

Preparer Firm US Address PreparerFirmUSAddress

FieldValueIRS element (for citing)
Address Line1220 SOUTH SIXTH STREET SUITE 300AddressLine1
CityMINNEAPOLISCity
StateMNState
ZIP Code55402ZIPCode
FieldValueIRS element (for citing)
Return Type990ReturnType
Tax Period Begin Date2011-01-01TaxPeriodBeginDate

Filer Filer

FieldValueIRS element (for citing)
EIN410414520EIN

Name Name

FieldValueIRS element (for citing)
Business Name Line1MINNEAPOLIS REGIONAL CHAMBER OF COMMERCEBusinessNameLine1
FieldValueIRS element (for citing)
Name ControlMINNNameControl
Phone6123709141Phone

US Address USAddress

FieldValueIRS element (for citing)
Address Line181 SOUTH NINTH STREET NO 200AddressLine1
CityMINNEAPOLISCity
StateMNState
ZIP Code55402ZIPCode

Officer Officer

FieldValueIRS element (for citing)
NameTODD KLINGELName
TitlePRESIDENT & CEOTitle
Phone6123709141Phone
Date Signed2012-11-12DateSigned
Authorize Third Party1AuthorizeThirdParty

Preparer Preparer

FieldValueIRS element (for citing)
NameJOHN TAUERName
PTINP00294068PTIN
Phone6123764500Phone
FieldValueIRS element (for citing)
Tax Year2011TaxYear
Build TS2016-02-24 21:20:13ZBuildTS

Form 990 IRS990

FieldValueIRS element (for citing)
Name Of Principal Officer PersonTODD KLINGELNameOfPrincipalOfficerPerson

Address Principal Officer US AddressPrincipalOfficerUS

FieldValueIRS element (for citing)
Address Line181 SOUTH NINTH STREET NO 200AddressLine1
CityMINNEAPOLISCity
StateMNState
ZIP Code55402ZIPCode
FieldValueIRS element (for citing)
Gross Receipts2151776GrossReceipts
Group Return For Affiliates0GroupReturnForAffiliates
Organization501cXOrganization501c
Web SiteWWW.MINNEAPOLISCHAMBER.ORGWebSite
Type Of Organization CorporationXTypeOfOrganizationCorporation
Year Formation1881YearFormation
State Legal DomicileMNStateLegalDomicile
Activity Or Mission DescriptionCREATING POWERFUL PARTNERSHIPS TO UNITE AND GROW MEMBER BUSINESSES AND THE REGION.ActivityOrMissionDescription
Nbr Voting Members Governing Body46NbrVotingMembersGoverningBody
Nbr Independent Voting Members44NbrIndependentVotingMembers
Total Nbr Employees21TotalNbrEmployees
Total Nbr Volunteers46TotalNbrVolunteers
Total Gross UBI42928TotalGrossUBI
Net Unrelated Business Txbl Income-2000NetUnrelatedBusinessTxblIncome
Contributions Grants Prior Year12325ContributionsGrantsPriorYear
Contributions Grants Current Year30905ContributionsGrantsCurrentYear
Program Service Revenue Prior Year1950897ProgramServiceRevenuePriorYear
Program Service Revenue CY2064180ProgramServiceRevenueCY
Investment Income Prior Year2586InvestmentIncomePriorYear
Investment Income Current Year1247InvestmentIncomeCurrentYear
Other Revenue Prior Year21884OtherRevenuePriorYear
Other Revenue Current Year55444OtherRevenueCurrentYear
Total Revenue Prior Year1987692TotalRevenuePriorYear
Total Revenue Current Year2151776TotalRevenueCurrentYear
Grants And Similar Amnts Prior Year0GrantsAndSimilarAmntsPriorYear
Grants And Similar Amnts CY0GrantsAndSimilarAmntsCY
Benefits Paid To Members Prior Year0BenefitsPaidToMembersPriorYear
Benefits Paid To Members CY0BenefitsPaidToMembersCY
Salaries Etc Prior Year799365SalariesEtcPriorYear
Salaries Etc Current Year820603SalariesEtcCurrentYear
Total Prof Fundrsng Exp Prior Year0TotalProfFundrsngExpPriorYear
Total Prof Fundrsng Exp CY0TotalProfFundrsngExpCY
Total Fundrsng Exp Current Year0TotalFundrsngExpCurrentYear
Other Expense Prior Year1115254OtherExpensePriorYear
Other Expenses Current Year1264756OtherExpensesCurrentYear
Total Expenses Prior Year1914619TotalExpensesPriorYear
Total Expenses Current Year2085359TotalExpensesCurrentYear
Revenues Less Expenses Prior Year73073RevenuesLessExpensesPriorYear
Revenues Less Expenses CY66417RevenuesLessExpensesCY
Total Assets BOY750743TotalAssetsBOY
Total Assets EOY989445TotalAssetsEOY
Total Liabilities BOY482083TotalLiabilitiesBOY
Total Liabilities EOY654368TotalLiabilitiesEOY
Net Assets Or Fund Balances BOY268660NetAssetsOrFundBalancesBOY
Net Assets Or Fund Balances EOY335077NetAssetsOrFundBalancesEOY
Info In Schedule O Part IIIXInfoInScheduleOPartIII
Mission DescriptionCREATING POWERFUL PARTNERSHIPS TO UNITE AND GROW MEMBER BUSINESSES AND THE REGION.MissionDescription
Significant New Program Services0SignificantNewProgramServices
Significant Change0SignificantChange
DescriptionCOMMUNITY LEADERSHIP: MRCC CONDUCTED LEADERSHIP TWIN CITIES WITH 74 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 DIFFERENT THROUGH PERSONAL COMMITMENT AND INVOLVEMENT. MRCC ORGANIZED AND LED DELEGATION OF 74 COMMUNITY, GOVERNMENT AND BUSINESS LEADERS TO PORTLAND, OR FOR AN INTER-CITY LEADERSHIP VISIT, IN WHICH THE LEADERS TOURED THE CITY, MET WITH THEIR COUNTER-PARTS, AND HEARD PRESENTATIONS ON PORTLAND'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 35TH YEAR AND ENROLLED OVER 199 MEMBERS IN 2011. 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.Description
Described In501 C30DescribedIn501C3
Schedule B Required0ScheduleBRequired
Political Activities0PoliticalActivities
Subject To Proxy Tax1SubjectToProxyTax
Donor Advised Funds0DonorAdvisedFunds
Conservation Easements0ConservationEasements
Collections Of Art0CollectionsOfArt
Credit Counseling0CreditCounseling
Term Or Permanent Endowments0TermOrPermanentEndowments
Report Land Bldg Equip1ReportLandBldgEquip
Report Invest Oth Securities0ReportInvestOthSecurities
Report Prog Rel Invest0ReportProgRelInvest
Report Other Assets0ReportOtherAssets
Report Other Liabilities1ReportOtherLiabilities
Report Fin48 Footnote1ReportFin48Footnote
Independent Audit Financial Stmt0IndependentAuditFinancialStmt
Consolidated Audit Financial Stmt1ConsolidatedAuditFinancialStmt
School0School
Foreign Office0ForeignOffice
Foreign Activities0ForeignActivities
More Than5000 K To Organizations0MoreThan5000KToOrganizations
More Than5000 K To Individuals0MoreThan5000KToIndividuals
Professional Fundraising0ProfessionalFundraising
Fundraising Activities0FundraisingActivities
Gaming0Gaming
Hospital0Hospital
Grants To Organizations0GrantsToOrganizations
Grants To Individuals0GrantsToIndividuals
Schedule J Required1ScheduleJRequired
Tax Exempt Bonds0TaxExemptBonds
Loan To Officer Or DQP0LoanToOfficerOrDQP
Grant To Related Person0GrantToRelatedPerson
Bsnss Rltnshp With Organization0BsnssRltnshpWithOrganization
Bsnss Rltnshp Thru Family Member0BsnssRltnshpThruFamilyMember
Officer Entity With Bsnss Rltnshp1OfficerEntityWithBsnssRltnshp
Deductible Non Cash Contributions0DeductibleNonCashContributions
Deductible Contributions Of Art0DeductibleContributionsOfArt
Terminated0Terminated
Partial Liquidation0PartialLiquidation
Disregarded Entity0DisregardedEntity
Related Entity1RelatedEntity
Related Org Controlled Entity1RelatedOrgControlledEntity
Transaction Related Entity0TransactionRelatedEntity
Activities Conducted Partnership0ActivitiesConductedPartnership
Schedule O Required1ScheduleORequired
Number Forms Transmitted With109611NumberFormsTransmittedWith1096
Number W2 G Included0NumberW2GIncluded
Number Of Employees21NumberOfEmployees
Employment Tax Returns Filed1EmploymentTaxReturnsFiled
Unrelated Business Income1UnrelatedBusinessIncome
Form990-T Filed1Form990-TFiled
Foreign Financial Account0ForeignFinancialAccount
Prohibited Tax Shelter Trans0ProhibitedTaxShelterTrans
Taxable Party Notification0TaxablePartyNotification
Non Deductible Contributions0NonDeductibleContributions
Indoor Tanning Services0IndoorTanningServices
Info In Schedule O Part VIXInfoInScheduleOPartVI
Nbr Voting Governing Body Members46NbrVotingGoverningBodyMembers
Number Independent Voting Members44NumberIndependentVotingMembers
Family Or Business Relationship0FamilyOrBusinessRelationship
Delegation Of Management Duties0DelegationOfManagementDuties
Changes To Organizing Docs0ChangesToOrganizingDocs
Material Diversion Or Misuse0MaterialDiversionOrMisuse
Members Or Stockholders1MembersOrStockholders
Election Of Board Members0ElectionOfBoardMembers
Decisions Subject To Approval0DecisionsSubjectToApproval
Minutes Of Governing Body1MinutesOfGoverningBody
Minutes Of Committees1MinutesOfCommittees
Officer Mailing Address0OfficerMailingAddress
Local Chapters1LocalChapters
Policies Reference Chapters1PoliciesReferenceChapters
Form990 Provided To Governing Body1Form990ProvidedToGoverningBody
Conflict Of Interest Policy1ConflictOfInterestPolicy
Annual Disclosure Covered Persons1AnnualDisclosureCoveredPersons
Regular Monitoring Enforcement1RegularMonitoringEnforcement
Whistleblower Policy1WhistleblowerPolicy
Document Retention Policy1DocumentRetentionPolicy
Compensation Process CEO1CompensationProcessCEO
Compensation Process Other0CompensationProcessOther
Investment In Joint Venture1InvestmentInJointVenture
Written Policy Or Procedure1WrittenPolicyOrProcedure
Own WebsiteXOwnWebsite
Upon RequestXUponRequest

The Books Are In Care Of TheBooksAreInCareOf

FieldValueIRS element (for citing)
Name PersonCHERYL BUTZNamePerson
Telephone Number6123709141TelephoneNumber

Address US AddressUS

FieldValueIRS element (for citing)
Address Line181 S NINTH STREET 200AddressLine1
CityMINNEAPOLISCity
StateMNState
ZIP Code55402ZIPCode

Form990 Part VII Section A Form990PartVIISectionA (47 entries)

TitleTitleAverage Hours Per WeekAverageHoursPerWeekIndividual Trustee Or DirectorIndividualTrusteeOrDirectorOfficerOfficerReportable Comp From OrganizationReportableCompFromOrganizationReportable Comp From Related OrgsReportableCompFromRelatedOrgsOther CompensationOtherCompensation
CHARLES ZELLE
CHAIR1.00XX000
SUSAN ADAMS LOYD
PAST CHAIR1.00XX000
PATRICIA GRAZZINI
TREASURER1.00XX000
PAUL ADELMAN
BOARD DIRECTOR0.30X000
MATTHEW ANDERSON
BOARD DIRECTOR0.30X000
JIM BENA
BOARD DIRECTOR0.30X000
TODD ANLAUF
BOARD DIRECTOR0.30X000
LESTER BAGLEY
BOARD DIRECTOR0.30X000
STEVE BIANCHI
BOARD DIRECTOR0.30X000
DON BORNHORST
BOARD DIRECTOR0.30X000
PATRICK BOULAY
BOARD DIRECTOR0.30X000
TAL CENTERS
BOARD DIRECTOR0.30X000
JOHN COLBOURNE
BOARD DIRECTOR0.30X000
MIKE DIMOND
BOARD DIRECTOR0.30X000
DEBORAH FERRY
BOARD DIRECTOR0.30X000
SAM GRABARSKI
BOARD DIRECTOR0.30X000
LINDA HALLER
BOARD DIRECTOR0.30X000
JOANN HANSON
BOARD DIRECTOR0.30X000
COREY HOEPPNER
BOARD DIRECTOR0.30X000
STEVE JAHN
BOARD DIRECTOR0.30X000
MATT JOHNSON
BOARD DIRECTOR0.30X000
WILLIAM JONASON
BOARD DIRECTOR0.30X000
BRIEN KENNEDY
BOARD DIRECTOR0.30X000
MICHAEL KLINGENSMITH
BOARD DIRECTOR0.30X000
LEE KOCH
BOARD DIRECTOR0.30X000
TONI LEA
BOARD DIRECTOR0.30X000
BETH LEBRECHE
BOARD DIRECTOR0.30X000
LAURA MCCARTEN
BOARD DIRECTOR0.30X000
LAURA MORET
BOARD DIRECTOR0.30X000
LAURA MULLEN
BOARD DIRECTOR0.30X000
JEFFREY D PETERSON
BOARD DIRECTOR0.30X000
DAVID PRINCE
BOARD DIRECTOR0.30X000
IRENE QUARSHIE
BOARD DIRECTOR0.30X000
WILL ROACH
BOARD DIRECTOR0.30X000
JIM ROTH
BOARD DIRECTOR0.30X000
RANDY SANDS
BOARD DIRECTOR0.30X000
DAN SEEMAN
BOARD DIRECTOR0.30X000
KENNETH SORENSEN
BOARD DIRECTOR0.30X000
DAVID ST PETER
BOARD DIRECTOR0.30X000
DAVID TASHJIAN
BOARD DIRECTOR0.30X000
MELVIN TENNANT
BOARD DIRECTOR0.30X000
PHILLIP TRIER
BOARD DIRECTOR0.30X000
MARIE UHRICH
BOARD DIRECTOR0.30X000
KENT WARDEN
BOARD DIRECTOR0.30X000
LESLIE WATSON
BOARD DIRECTOR0.30X000
CHRIS WRIGHT
BOARD DIRECTOR0.30X000
TODD KLINGEL
PRESIDENT/CEO40.00X173767046616
FieldValueIRS element (for citing)
Total Reportable Comp From Org173767TotalReportableCompFromOrg
Total Reportable Comp Frm Rltd Orgs0TotalReportableCompFrmRltdOrgs
Total Other Compensation46616TotalOtherCompensation
Number Individuals GT100 K1NumberIndividualsGT100K
Formers Listed0FormersListed
Total Comp GT150 K1TotalCompGT150K
Compensation From Other Sources0CompensationFromOtherSources
Number Of Contractors GT100 K0NumberOfContractorsGT100K
All Other Contributions30905AllOtherContributions
Total Contributions30905TotalContributions

Program Service Revenue ProgramServiceRevenue (5 entries)

DescriptionDescriptionBusiness CodeBusinessCodeTotal Revenue ColumnTotalRevenueColumnRelated Or Exempt Function IncomeRelatedOrExemptFunctionIncomeUnrelated Business RevenueUnrelatedBusinessRevenue
MEMBERSHIP DUES51910010332981033298
EVENTS, FUNCTIONS519100877118877118
LEADERSHIP PROGRAM519100109854109854
ADVERTISING5111204292842928
INFORMATION SERVICES519100982982
FieldValueIRS element (for citing)
Total Program Service Revenue2064180TotalProgramServiceRevenue

Investment Income InvestmentIncome

FieldValueIRS element (for citing)
Total Revenue Column1247TotalRevenueColumn
Exclusion$1,247ExclusionAmount

Other Revenue Misc OtherRevenueMisc

FieldValueIRS element (for citing)
DescriptionMISCELLANEOUS INCOMEDescription
Business Code900099BusinessCode
Total Revenue Column55444TotalRevenueColumn
Exclusion$55,444ExclusionAmount
FieldValueIRS element (for citing)
Total Other Revenue55444TotalOtherRevenue

Total Revenue TotalRevenue

FieldValueIRS element (for citing)
Total Revenue Column2151776TotalRevenueColumn
Related Or Exempt Function Income2021252RelatedOrExemptFunctionIncome
Unrelated Business Revenue42928UnrelatedBusinessRevenue
Exclusion$56,691ExclusionAmount

Comp Current Officers Directors CompCurrentOfficersDirectors

FieldValueIRS element (for citing)
Total210072Total

Other Salaries And Wages OtherSalariesAndWages

FieldValueIRS element (for citing)
Total495023Total

Pension Plan Contributions PensionPlanContributions

FieldValueIRS element (for citing)
Total13488Total

Other Employee Benefits OtherEmployeeBenefits

FieldValueIRS element (for citing)
Total42312Total

Payroll Taxes PayrollTaxes

FieldValueIRS element (for citing)
Total59708Total

Fees For Services Accounting FeesForServicesAccounting

FieldValueIRS element (for citing)
Total85933Total

Fees For Services Lobbying FeesForServicesLobbying

FieldValueIRS element (for citing)
Total7500Total

Fees For Services Other FeesForServicesOther

FieldValueIRS element (for citing)
Total63392Total

Advertising Advertising

FieldValueIRS element (for citing)
Total160886Total

Office Expenses OfficeExpenses

FieldValueIRS element (for citing)
Total99187Total

Royalties Royalties

FieldValueIRS element (for citing)
Total3821Total

Occupancy Occupancy

FieldValueIRS element (for citing)
Total306295Total

Travel Travel

FieldValueIRS element (for citing)
Total67977Total

Conferences Meetings ConferencesMeetings

FieldValueIRS element (for citing)
Total308826Total

Depreciation Depletion DepreciationDepletion

FieldValueIRS element (for citing)
Total32742Total

Insurance Insurance

FieldValueIRS element (for citing)
Total8215Total

Other Expenses OtherExpenses (4 entries)

DescriptionDescriptionTotalTotal
MISCELLANEOUS84870
BANK SERVICE CHARGES16856
DUES AND SUBSCRIPTIONS13958
TAXES4298

Total Functional Expenses TotalFunctionalExpenses

FieldValueIRS element (for citing)
Total2085359Total

Cash Non Interest Bearing CashNonInterestBearing

FieldValueIRS element (for citing)
BOY57164BOY
EOY339069EOY

Savings And Temp Cash Investments SavingsAndTempCashInvestments

FieldValueIRS element (for citing)
BOY474945BOY
EOY452239EOY

Accounts Receivable AccountsReceivable

FieldValueIRS element (for citing)
BOY31658BOY
EOY14666EOY

Inventories For Sale Or Use InventoriesForSaleOrUse

FieldValueIRS element (for citing)
BOY100639BOY

Prepaid Expenses Deferred Charges PrepaidExpensesDeferredCharges

FieldValueIRS element (for citing)
BOY10846BOY
EOY95680EOY
FieldValueIRS element (for citing)
Land Buildings Equipment Basis473139LandBuildingsEquipmentBasis
Land Bldg Equipment Accum Deprec392984LandBldgEquipmentAccumDeprec

Land Buildings Equipment Basis Net LandBuildingsEquipmentBasisNet

FieldValueIRS element (for citing)
BOY75491BOY
EOY80155EOY

Other Assets Total OtherAssetsTotal

FieldValueIRS element (for citing)
BOY0BOY
EOY7636EOY

Total Assets TotalAssets

FieldValueIRS element (for citing)
BOY750743BOY
EOY989445EOY

Accounts Payable Accrued Expenses AccountsPayableAccruedExpenses

FieldValueIRS element (for citing)
BOY45014BOY
EOY37382EOY

Deferred Revenue DeferredRevenue

FieldValueIRS element (for citing)
BOY417576BOY
EOY589260EOY

Other Liabilities OtherLiabilities

FieldValueIRS element (for citing)
BOY19493BOY
EOY27726EOY

Total Liabilities TotalLiabilities

FieldValueIRS element (for citing)
BOY482083BOY
EOY654368EOY
FieldValueIRS element (for citing)
Follow SFAS117XFollowSFAS117

Unrestricted Net Assets UnrestrictedNetAssets

FieldValueIRS element (for citing)
BOY268660BOY
EOY335077EOY

Total Net Assets Fund Balances TotalNetAssetsFundBalances

FieldValueIRS element (for citing)
BOY268660BOY
EOY335077EOY

Total Liab Net Assets Fund Balances TotalLiabNetAssetsFundBalances

FieldValueIRS element (for citing)
BOY750743BOY
EOY989445EOY
FieldValueIRS element (for citing)
Reconcilation Revenue Expenses66417ReconcilationRevenueExpenses
Reconcilation Other Changes0ReconcilationOtherChanges
Method Of Accounting AccrualXMethodOfAccountingAccrual
Accountant Compile Or Review0AccountantCompileOrReview
FS Audited1FSAudited
Audit Committee1AuditCommittee
Financial Statement ConsolidatedXFinancialStatementConsolidated
Federal Grant Audit Required0FederalGrantAuditRequired

Schedule C IRS990ScheduleC

FieldValueIRS element (for citing)
Political Expenditures0PoliticalExpenditures
Volunteer Hours0VolunteerHours
Amt Expended For527 Activities0AmtExpendedFor527Activities
Amt Of Internal Funds Contributed0AmtOfInternalFundsContributed
Substantially All Dues Nondeduct0SubstantiallyAllDuesNondeduct
Only In House Lobbying0OnlyInHouseLobbying
Agree To Carryover Prior Year0AgreeToCarryoverPriorYear
Dues Assessments1033298DuesAssessments
Non Ded Lobby Political Current7500NonDedLobbyPoliticalCurrent
Non Ded Lobby Political Total7500NonDedLobbyPoliticalTotal
Aggr Amt Reported In Dues Notices30999AggrAmtReportedInDuesNotices
Taxable-$23,499TaxableAmount

Schedule D IRS990ScheduleD

Leasehold Improvements LeaseholdImprovements

FieldValueIRS element (for citing)
Other Cost Or Other Basis77436OtherCostOrOtherBasis
Depreciation44938Depreciation
Book Value32498BookValue

Equipment Equipment

FieldValueIRS element (for citing)
Other Cost Or Other Basis356866OtherCostOrOtherBasis
Depreciation316246Depreciation
Book Value40620BookValue

Other Land Buildings OtherLandBuildings

FieldValueIRS element (for citing)
Other Cost Or Other Basis38837OtherCostOrOtherBasis
Depreciation31800Depreciation
Book Value7037BookValue
FieldValueIRS element (for citing)
Total Of Book Value Land Buildings80155TotalOfBookValueLandBuildings

Other Liabilities OtherLiabilities (2 entries)

DescriptionDescriptionAmountAmount
CAPITAL LEASE PAYABLE$19,914
DEFERRED RENT BENEFIT$7,812
FieldValueIRS element (for citing)
Total Of Amounts27726TotalOfAmounts
Total Revenue2151776TotalRevenue
Total Expenses2085359TotalExpenses
Excess Or Deficit For Year66417ExcessOrDeficitForYear
Excess Or Deficit Per FS66417ExcessOrDeficitPerFS
Tot Revenue Etc Audited Fincl Stmt2151776TotRevenueEtcAuditedFinclStmt
Revenue Not Rptd F9900RevenueNotRptdF990
Revenue Subtotal2151776RevenueSubtotal
Revenue Not Rptd On Fin Stmt0RevenueNotRptdOnFinStmt
Total Revenue Per Form9902151776TotalRevenuePerForm990
Tot Expenses Etc Audited Fincl Stmt2085359TotExpensesEtcAuditedFinclStmt
Expenses Not Rptd F9900ExpensesNotRptdF990
Expenses Subtotal2085359ExpensesSubtotal
Expenses Not Rptd On Fin Stmt0ExpensesNotRptdOnFinStmt
Total Expenses Per Form9902085359TotalExpensesPerForm990

Form990 Schedule D Part XIV Form990ScheduleDPartXIV

FieldValueIRS element (for citing)
IdentifierDESCRIPTION OF UNCERTAIN TAX POSITIONS UNDER FIN 48:Identifier
Return ReferencePART X:ReturnReference
ExplanationTHE 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 2008 THROUGH 2011 ARE OPEN TO EXAMINATION BY FEDERAL AUTHORITIES.Explanation

Schedule J IRS990ScheduleJ

FieldValueIRS element (for citing)
Compensation CommitteeXCompensationCommittee
Form990 Of Other OrganizationsXForm990OfOtherOrganizations
Compensation SurveyXCompensationSurvey
Board Or Committee ApprovalXBoardOrCommitteeApproval
Severance Payment0SeverancePayment
Supplemental Nonqual Retire Plan0SupplementalNonqualRetirePlan
Equity Based Comp Arrangement0EquityBasedCompArrangement

Form990 Schedule J Part II Form990ScheduleJPartII

FieldValueIRS element (for citing)
Name PersonTODD KLINGELNamePerson
Base Compensation Filing Org163649BaseCompensationFilingOrg
Comp Based On Related Orgs0CompBasedOnRelatedOrgs
Bonus Filing Org10000BonusFilingOrg
Bonus Related Orgs0BonusRelatedOrgs
Other Compensation Filing Org118OtherCompensationFilingOrg
Other Compensation Related Orgs0OtherCompensationRelatedOrgs
Deferred Comp Filing Org17052DeferredCompFilingOrg
Deferred Comp Related Orgs0DeferredCompRelatedOrgs
Nontaxable Benefits Filing Org29564NontaxableBenefitsFilingOrg
Nontaxable Benefits Related Orgs0NontaxableBenefitsRelatedOrgs
Total Compensation Filing Org220383TotalCompensationFilingOrg
Total Compensation Related Orgs0TotalCompensationRelatedOrgs
Comp Report Prior990 Filing Org10000CompReportPrior990FilingOrg
Comp Report Prior990 Related Orgs0CompReportPrior990RelatedOrgs

Schedule L IRS990ScheduleL

Form990 Schedule L Part IV Form990ScheduleLPartIV (2 entries)

RelationshipRelationshipAmount Of TransactionAmountOfTransactionDescription Of TransactionDescriptionOfTransactionSharing Of RevenuesSharingOfRevenues
DELTA AIRLINES
D. BORNHORST, A BOARD MEMBER OF THE CHAMBER IS AN OFFICER OF DELTA AIRLINES49187PURCHASE OF AIRLINE TICKETS0
MINNESOTA TWINS
D. ST. PETER, A BOARD MEMBER OF THE CHAMBER IS AN OFFICER OF THE MN TWINS20120PURCHASE OF GAME TICKETS0

Schedule O IRS990ScheduleO

General Explanation GeneralExplanation (7 entries)

Return ReferenceReturnReferenceExplanationExplanationIdentifierIdentifier
FORM 990, PART VI, SECTION A, LINE 1THE 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 ROUTE 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 6MEMBERS 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 11THE RETURN IS PREPARED BY THE ORGANIZATION'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 12CEACH 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 BUSINESS INTEREST IS GENERALLY BE 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 15ACOMPARABLE 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 IS BEING CONDUCTED IN 2012. AT THAT TIME A REVIEW OF THE SALARY SURVEYS LISTED ABOVE WERE USED.
FORM 990, PART VI, SECTION C, LINE 19THE 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 VII, SECTION ATODD KLINGEL DEVOTED APPROXIMATELY 45 HOURS PER WEEK AS FOLLOWS: MINNEAPOLIS REGIONAL CHAMBER OF COMMERCE 40 HOURS MINNEAPOLIS REGIONAL CHAMBER DEVELOPMENT FOUNDATION 5 HOURS THE MEMBERS OF THE BOARD OF DIRECTORS OF THE MINNEAPOLIS REGIONAL CHAMBER OF COMMERCE ALSO SERVE ON THE BOARD OF THE DEVELOPMENT FOUNDATION. THESE INDIVIDUALS DEVOTED APPROXIMATELY .4 HOURS PER WEEK AS FOLLOWS: MINNEAPOLIS REGIONAL CHAMBER OF COMMERCE .3 HOURS MINNEAPOLIS REGIONAL CHAMBER DEVELOPMENT FOUNDATION .1 HOURSEXPLANATION FOR HOURS WORKED

Schedule R IRS990ScheduleR

Form990 Schedule R Part II Form990ScheduleRPartII

Name Of Disregarded Entity NameOfDisregardedEntity

FieldValueIRS element (for citing)
Business Name Line1MINNEAPOLIS REGIONAL CHAMBER DEVELOPMENT FOUNDATIONBusinessNameLine1

Address US AddressUS

FieldValueIRS element (for citing)
Address Line181 S NINTH ST 200AddressLine1
CityMINNEAPOLISCity
StateMNState
ZIP Code55402ZIPCode
FieldValueIRS element (for citing)
EIN363468708EIN
Primary ActivitiesECONOMIC DEVELOPMENTPrimaryActivities
Legal Domicile StateMNLegalDomicileState
Exempt Code Section501(C)(3)ExemptCodeSection
Public Charity StatusLINE 7PublicCharityStatus

Direct Controlling Entity Name DirectControllingEntityName

FieldValueIRS element (for citing)
Business Name Line1MINNEAPOLIS REGIONAL CHAMBER OF COMMERCEBusinessNameLine1
FieldValueIRS element (for citing)
Controlled Org1ControlledOrg
FieldValueIRS element (for citing)
Receipt Of Int Ann Rents Royalties0ReceiptOfIntAnnRentsRoyalties
Gift Grant Or Cap Contr To Other Org0GiftGrantOrCapContrToOtherOrg
Gift Grant Or Cap Contr Fr Other Org0GiftGrantOrCapContrFrOtherOrg
Loans Or Guarantees To Other Org0LoansOrGuaranteesToOtherOrg
Loans Or Guarantees From Other Org0LoansOrGuaranteesFromOtherOrg
Sale Of Assets To Other Org0SaleOfAssetsToOtherOrg
Purchase Of Assets From Other Org0PurchaseOfAssetsFromOtherOrg
Exchange Of Assets0ExchangeOfAssets
Rental Of Facilities To Other Orgs0RentalOfFacilitiesToOtherOrgs
Rental Of Facilities Fr Other Orgs0RentalOfFacilitiesFrOtherOrgs
Perform Of Services For Other Orgs1PerformOfServicesForOtherOrgs
Perform Of Services By Other Orgs0PerformOfServicesByOtherOrgs
Sharing Of Facilities1SharingOfFacilities
Sharing Of Paid Employees1SharingOfPaidEmployees
Reimbursement Paid To Other Org0ReimbursementPaidToOtherOrg
Reimbursement Paid By Other Org0ReimbursementPaidByOtherOrg
Other Transfer To Other Org0OtherTransferToOtherOrg
Other Transfer From Other Org0OtherTransferFromOtherOrg

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