2012-11-15T09:17:21-06:00 2011-12-31 410746749 CLIFTONLARSONALLEN LLP 220 SOUTH SIXTH STREET SUITE 300 MINNEAPOLIS MN 55402 990 2011-01-01 363568407 GREATER MINNEAPOLIS CONVENTION AND VISITORS ASSOCIATION GREA 6127678000 250 MARQUETTE AVENUE SOUTH NO 1300 MINNEAPOLIS MN 55401 MELVIN TENNANT 6127678000 2012-11-15 1 JOHN TAUER P00294068 6123764500 2011 2016-02-24 21:20:13Z MEET MINNEAPOLIS MELVIN TENNANT 250 MARQUETTE AVENUE SOUTH NO 1300 MINNEAPOLIS MN 55401 9587892 0 X WWW.MINNEAPOLIS.ORG X 1987 MN TO MARKET, SELL, AND MAXIMIZE THE VISITOR EXPERIENCE OF MINNEAPOLIS. 39 37 62 37 58878 0 7787857 7763678 611885 1566325 5277 4172 33714 253717 8438733 9587892 0 0 0 0 3938770 4153231 0 0 0 4481749 4356664 8420519 8509895 18214 1077997 9795636 6257345 8698237 8401773 1097399 -2144428 THE MISSION OF MEET MINNEAPOLIS IS TO MARKET, SELL, AND MAXIMIZE THE VISITOR EXPERIENCE OF MINNEAPOLIS FOR THE ECONOMIC BENEFIT OF OUR COMMUNITY. 0 0 THE INTEGRATED SALES AND MARKETING PLAN INCLUDES DETAILED INITIATIVES, ALL ALIGNED TO PROMOTE THE CONVENTION CENTER SPECIFICALLY AND DESTINATION MINNEAPOLIS OVERALL AND TO PROMOTE THE MINNEAPOLIS CONVENTION CENTER AS A VENUE FOR TRADE SHOWS AND CONVENTIONS AND TO MARKET MINNEAPOLIS AS A CONVENTION SITE AND DESIRABLE TOURIST DESTINATION. 0 1 0 1 0 0 0 0 0 1 0 1 0 1 1 0 1 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 1 0 0 0 0 0 1 1 0 0 1 8 0 62 1 1 1 0 0 0 0 0 X 39 37 0 0 0 0 1 1 0 1 1 0 0 0 0 0 1 1 0 0 MN X DAVID KNOLL 6127678090 250 MARQUETTE AVENUE SOUTH NO 1300 MINNEAPOLIS MN 55401 TENNANT MELVIN 40.00 X X 212287 0 24767 CASEY LYNN 2.00 X X 0 0 0 MIHAJLOV PETE 2.00 X X 0 0 0 LUKE JOHN 2.00 X X 0 0 0 MOOR ROB 2.00 X X 0 0 0 NOVAK JAY 1.00 X 0 0 0 ANSARI ANOUSH 1.00 X 0 0 0 ANDREW MARK 1.00 X 0 0 0 BAGLEY LESTER 1.00 X 0 0 0 BUNTEMEYER JOHN 1.00 X 0 0 0 FRANSON SUSAN 1.00 X 0 0 0 GIVENS ARCHIE 1.00 X 0 0 0 GOLDMAN NANCY 1.00 X 0 0 0 GORDON STEVE 2.00 X 0 0 0 HAVERSACK ANDY 2.00 X 0 0 0 HOFSTEDE DIANE 1.00 X 0 0 0 HOKE JEFF 1.00 X 0 0 0 JOHNSON BARBARA 1.00 X 0 0 0 LILLIGREN ROBERT 1.00 X 0 0 0 LOWE JAMIE 2.00 X 0 0 0 LOYD SUSAN ADAMS 1.00 X 0 0 0 LUX BOB 1.00 X 0 0 0 MABRY SUSAN 1.00 X 0 0 0 MASON TOM 1.00 X 0 0 0 MORRISSEY BILL 1.00 X 0 0 0 NEAU JOANN 1.00 X 0 0 0 NEIMEYER MARY 1.00 X 0 0 0 QUINCY JOHN 2.00 X 0 0 0 RYAN MARC 1.00 X 0 0 0 RYBAK RT 1.00 X 0 0 0 SALMEN JAY 1.00 X 0 0 0 SAMUELS DON 1.00 X 0 0 0 SANTINI TRISH 2.00 X 0 0 0 SEEMAN DAN 1.00 X 0 0 0 ST PETER DAVE 1.00 X 0 0 0 STENGLEIN MARK 1.00 X 0 0 0 THOMPSON RANDY 1.00 X 0 0 0 THOMPSON SAM 1.00 X 0 0 0 TUTHILL MEG 1.00 X 0 0 0 WISCHERMANN PAUL 1.00 X 0 0 0 KNOLL DAVID 40.00 X 141298 0 6732 WRIGHT LESLIE 40.00 X 156351 0 23518 ALEGI AMY 40.00 X 141280 0 21909 RAINVILLE MICHAEL 40.00 X 110576 0 21348 ROMANE SCOTT 40.00 X 114135 0 6755 DEEF BILL 40.00 X 102903 0 15914 978830 0 120943 7 0 1 0 0 7763678 7763678 PROGRAM INCOME 900099 629518 629518 SPONSORSHIPS 900099 379841 379841 MEMBERSHIP DUES 900099 369631 369631 MARKETING/PUBLICATIONS 900099 124184 65306 58878 COMMISSIONS 900099 63151 63151 1566325 4172 4172 GAIN ON LEASE TERMINAT 900099 208290 208290 MISCELLANEOUS REVENUE 900099 45427 45427 253717 9587892 1552874 58878 212462 564953 2903012 131632 252607 301027 19278 23850 131639 845702 216250 106132 568445 220897 437337 367001 222636 34793 SPECIAL PROJECTS 919053 SALES CALLS 78515 EMPLOYEE RELATIONS 41950 DUES & SUBCRIPTIONS 40272 82914 8509895 -22452 69360 979830 929001 83934 1416053 7750002 3000000 57485 118331 910871 687251 445857 223620 500000 500000 980 980 9795636 6257345 392673 718385 382334 74401 132953 7974663 6968188 256500 199913 8698237 8401773 X 1094963 -2144428 2436 0 1097399 -2144428 9795636 6257345 X 1077997 -4319824 X 0 1 1 X 0 RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 0 0 0 0 1 0 1106 1106 909765 687251 222514 223620 INVESTMENT IN IDSS 500000 C 500000 DEFERRED RENTAL OBLIGATION 199913 199913 9587892 8509895 1077997 -4319824 -4319824 -3241827 10378049 100917 696379 797296 9580753 7139 7139 9587892 9240648 100917 636975 737892 8502756 7139 7139 8509895 DESCRIPTION OF UNCERTAIN TAX POSITIONS UNDER FIN 48: PART X: THE ASSOCIATION IS DESIGNATED AS A NON-PROFIT ASSOCIATION AND IS EXEMPT FROM INCOME TAXES UNDER SECTION 501(C)(6) OF THE INTERNAL REVENUE CODE AND MINNESOTA STATUTE. THE ASSOCIATION IS SUBJECT TO TAX ON ITS UNRELATED BUSINESS INCOME WHICH INCLUDES ADVERTISING AND OTHER SERVICES. THE ASSOCIATION FOLLOWS GUIDANCE REGARDING THE RECOGNITION OF UNCERTAIN TAX POSITIONS. THIS GUIDANCE 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 ASSOCIATION'S TAX RETURNS FOR THE YEARS 2008 THROUGH 2011 ARE OPEN TO EXAMINATION BY FEDERAL AND STATE AUTHORITIES. THE ASSOCIATION HAS NOT BEEN EXAMINED FOR ANY OPEN YEARS. PART XII, LINE 2D - OTHER ADJUSTMENTS: REVENUES OF IDSS REPORTED ON A SEPARATE RETURN 696,379. PART XII, LINE 4B - OTHER ADJUSTMENTS: INTERCOMPANY ELIMINATIONS 7,139. PART XIII, LINE 2D - OTHER ADJUSTMENTS: EXPENSES OF IDSS REPORTED ON A SEPARATE RETURN 636,975. PART XIII, LINE 4B - OTHER ADJUSTMENTS: INTERCOMPANY ELIMINATIONS 7,139. X X 1 1 X X X X 0 0 0 TENNANT MELVIN 182664 0 14365 0 15258 0 12112 0 12655 0 237054 0 0 0 WRIGHT LESLIE 136046 0 17817 0 2488 0 9684 0 13834 0 179869 0 0 0 ALEGI AMY 124964 0 13969 0 2347 0 2025 0 19884 0 163189 0 0 0 PART I, LINE 1A TRAVEL FOR COMPANIONS: THE ORGANIZATION PROVIDES A $2,000 PER YEAR ALLOWANCE FOR COMPANION TRAVEL FOR M. TENNANT; THE ALLOWANCE WAS NOT USED DURING THE YEAR COVERED BY THIS RETURN. HEALTH OR SOCIAL CLUB DUES: ALL EMPLOYEES ARE ELIGIBLE FOR $20 PER MONTH REIMBURSEMENT FOR HEALTH CLUB DUES UPON PRESENTATION OF RECEIPT FROM THE HEALTH CLUB - THIS AMOUNT WAS INCLUDED IN THE FORM W-2 AS TAXABLE COMPENSATION. SUPPLEMENTAL INFORMATION PART III PART I, LINE 1A: THERE IS $2000 PER YEAR ALLOWED TO THE CEO FOR COMPANION TRAVEL. ADDITIONALLY, THERE IS A $10 MONTHLY REIMBURSEMENT FOR EACH EMPLOYEE UPON PRESENTATION OF RECEIPT FROM THE HEALTH CLUB. HILTON MINNEAPOLIS JOHN LUKE, BOARD SECRETARY; GENERAL MANAGER AT HILTON MINNEAPOLIS 180427 MEMBER DUES/FEES 0 FORM 990, PART VI, SECTION A, LINE 1 THE EXECUTIVE COMMITTEE MAY ACT IN PLACE AND STEAD OF THE BOARD OF DIRECTORS BETWEEN BOARD MEETINGS ON ALL MATTERS. ACTIONS OF THE EXECUTIVE COMMITTEE ARE REPORTED TO THE BOARD FOR RATIFICATION. THE EXECUTIVE COMMITTEE IS COMPRISED OF THE CHAIR OF THE BOARD AS CHAIR OF THE COMMITTEE, THE VICE CHAIR, THE PRESIDENT, THE SECRETARY, THE TREASURER, THE IMMEDIATE PAST CHAIR OF THE BOARD, AT LEAST THREE DIRECTORS REPRESENTING THE CITY OF MINNEAPOLIS, AS WELL AS OTHER PERSONS APPOINTED BY THE CHAIR AND APPROVED BY THE BOARD OF DIRECTORS. FORM 990, PART VI, SECTION A, LINE 6 ANY REPUTABLE PERSON, FIRM, GOVERNMENTAL BODY, ASSOCIATION, BUSINESS, ORGANIZATION, PARTNERSHIP OR ESTATE WHO, IN THE JUDGMENT OF THE BOARD OF DIRECTORS, FURTHERS THE PURPOSES OR OBJECTIVES OF THE ASSOCIATION, MAY SUBSCRIBE TO MEMBERSHIP IN THE ASSOCIATION. DIRECTORS OF THE ASSOCIATION APPOINTED BY THE CITY OF MINNEAPOLIS SHALL BE MEMBERS SOLELY BY REASON OF THEIR APPOINTMENT AND AS SUCH SHALL HAVE THE SAME VOTING PRIVILEGES CONFERRED ON OTHER MEMBERS. FORM 990, PART VI, SECTION A, LINE 7A MEMBERS OF THE ASSOCIATION'S BOARD OF DIRECTORS ARE ELECTED TO THEIR POSITION BY MAJORITY VOTE OF THE MEMBERS PARTICIPATING IN THE ELECTION. THIS VOTE MAY BE CONDUCTED ELECTRONICALLY OR BY MAIL AFTER THE BOARD, AT ITS ANNUAL MEETING, HAS RATIFIED THE NOMINATING COMMITTEE RECOMMENDATION. EFFECTIVE DATE OF THAT ELECTION WILL BE THE FIRST DAY OF BUSINESS IN THE SUCCEEDING YEAR. AT NO TIME SHALL FEWER THAN SEVEN MEMBERS OF THE BOARD OF DIRECTORS, ONE OF WHOM SHALL BE THE MAYOR OF MINNEAPOLIS, CONSIST OF CITY OF MINNEAPOLIS APPOINTEES. FORM 990, PART VI, SECTION B, LINE 11 THE FORM 990 IS INITIALLY REVIEWED BY THE VICE PRESIDENT OF FINANCE AND ADMINISTRATION IN DETAIL. THE OFFICERS OF THE ORGANIZATION REVIEW THE FORM 990 WITH THE VICE PRESIDETN OF FINANCE AND ADMINISTRATION FOR QUESTIONS AND COMMENTS. THE OFFICERS' REVIEW AND APPROVAL OF THE FORM 990 WILL AUTHORIZE THE PRESIDENT/CEO TO SIGN FOR FILING. THE FORM 990 WILL BE PROVIDED TO THE ENTIRE BOARD OF DIRECTORS AFTER THE RETURN IS FILED. EXPLANATION FOR CONFLICT OF INTEREST POLICY FORM 990, PART VI, SECTION 5, LINE 12A THE ORGANIZATION ADOPTED A CONFLICT OF INTEREST POLICY IN 2012 WHICH COMPLIES WITH THE MONITORING AND ENFORCEMENT REQUIREMENTS SET FORTH BY THE IRS AS BEST PRACTICES FOR EXEMPT ORGANIZATIONS. FORM 990, PART VI, SECTION B, LINE 15A THE COMPENSATION FOR THE PRESIDENT & CEO IS REVIEWED AND DETERMINED BY A COMPENSATION COMMITTEE. THE COMPENSATION COMMITTEE CONSIDERS FACTORS SUCH AS INTERNAL EQUIVALENT POSITIONS, COMPETITIVE MARKETPLACE, AND INDUSTRY NORMS TO ESTABLISH COMPENSATION. THIS PROCESS WAS MOST RECENTLY UNDERTAKEN IN 2011 FOR THE PRESIDENT/CEO, M. TENNANT. THE COMPENSATION FOR OTHER OFFICERS AND KEY EMPLOYEES IS REVIEWED AND DETERMINED BY THE MANAGEMENT TEAM. UNLESS THERE IS A PROMOTION OR SOME OTHER UNUSUAL AGREEMENT IN PLACE, STAFF IS LIMITED TO AN AVERAGE 3% MERIT PAY INCREASE THROUGH THE ANNUAL PERFORMANCE REVIEW PROCESS. IN THE RECRUITMENT AND STAFFING OF ANY KEY EMPLOYEES, THE MANAGEMENT TEAM UTILIZES THE RESOURCES AVAILABLE TO THE HUMAN RESOURCES AREA TO DETERMINE THE USUAL AND CUSTOMARY COMPENSATION FOR SIMILAR POSITIONS WITHIN OUR INDUSTRY AND WITHIN OUR COMPETITIVE MARKETS. SALARY SURVEYS FROM PROFESSIONAL ORGANIZATIONS, JOB BULLETIN BOARDS, AND INDUSTRY ASSOCIATIONS ARE ALL UTILIZED TO DETERMINE TYPICAL, COMPETITIVE SALARY AND COMPENSATION COMPONENTS. THE STRATEGY IS TO BE ABLE TO SUCCESSFULLY ATTRACT AND RETAIN THE TALENT NEEDED TO ACCOMPLISH ORGANIZATIONAL GOALS, WITHOUT EVER BEING AT THE TOP OF THE PAY SCALE. THIS PROCESS WAS MOST RECENTLY UNDERTAKEN IN 2011 FOR THE VICE PRESIDENT OF FINANCE AND ADMINISTRATION, D. KNOLL AND THE SENIOR VICE PRESIDENT OF SALES AND SERVICES, L. WRIGHT. FORM 990, PART VI, SECTION C, LINE 19 THE ASSOCIATION MAKES ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC UPON REQUEST. CHANGES IN NET ASSETS OR FUND BALANCES: FORM 990, PART XI, LINE 5: PRIOR PERIOD ADJUSTMENTS: -4,319,824. MINNEAPOLIS CONVENTION FUND 250 MARQUETTE AVENUE SOUTH SUITE 13 MINNEAPOLIS MN 55401 411653202 HOSTING CONVENTIONS IN MINNEAPOLIS MN 501(C)(3) LINE 7 GREATER MINNEAPOLIS CONVENTION AND VISITORS BUREAU 1 INTERNET DESTINATION SALES SYSTEM 250 MARQUETTE AVENUE SOUTH SUITE 13 MINNEAPOLIS MN 55401 204043549 SOFTWARE MANAGEMENT MN GREATER MINNEAPOLIS CONVENTION AND VISITORS BUREAU C 696379 71274 1.00000 0 0 0 1 0 0 0 0 0 0 1 0 1 1 0 1 0 0