2011-11-15T09:40:30-06:00 2010-12-31 LARSONALLEN LLP 220 SOUTH SIXTH STREET SUITE 300 MINNEAPOLIS MN 55402 990 2010-01-01 410414520 MINNEAPOLIS REGIONAL CHAMBER OF COMMERCE MINN 6123709141 81 SOUTH NINTH STREET NO 200 MINNEAPOLIS MN 55402 TODD KLINGEL 6123709141 2011-11-08 1 JOHN TAUER 6123764500 2010 2016-03-07 17:11:31Z TODD KLINGEL 81 SOUTH NINTH STREET NO 200 MINNEAPOLIS MN 55402 1987692 0 X WWW.MINNEAPOLISCHAMBER.ORG X 1881 MN CREATING POWERFUL PARTNERSHIPS TO UNITE AND GROW MEMBER BUSINESSES AND THE REGION. 46 46 14 46 16712 8903 16795 12325 2055763 1950897 3196 2586 18195 21884 2093949 1987692 0 0 0 0 830325 799365 0 0 0 1201252 1115254 2031577 1914619 62372 73073 925305 750743 729718 482083 195587 268660 X CREATING POWERFUL PARTNERSHIPS TO UNITE AND GROW MEMBER BUSINESSES AND THE REGION. 0 0 COMMUNITY LEADERSHIP: 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. ORGANIZED AND LED DELEGATION OF 74 COMMUNITY, GOVERNMENT AND BUSINESS LEADERS TO AUSTIN, TX FOR A INTER-CITY LEADERSHIP VISIT, IN WHICH THE LEADERS TOURED THE CITY, MET WITH THEIR COUNTER-PARTS AND HEARD PRESENTATIONS ON AUSTIN TEXAS' 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 34TH YEAR AND ENROLLED OVER 190 MEMBERS IN 2010. 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. NORTHEAST PARADE STARTED IN 1929 AS A STREET CAR PARADE, 2010 WAS THE 81ST YEAR FOR THE PARADE. IN 2010, THE PARADE HAD APPROXIMATELY 120 ENTRANTS AND 120 VOLUNTEERS WITH OVER 8,000 PEOPLE IN ATTENDANCE. ECONOMIC DEVELOPMENT: THROUGH THE MINNEAPOLIS REGIONAL CHAMBER OF COMMERCE DEVELOPMENT FOUNDATION, THE CHAMBER PROVIDES LEADERSHIP PROGRAMS THAT ARE DESIGNED TO EDUCATE CURRENT AND FUTURE BUSINESS EXECUTIVES ABOUT RELEVANT COMMUNITY ISSUES. INFORMATIONAL EVENTS AND NETWORKING OPPORTUNITIES ARE DESIGNED TO PROVIDE BUSINESS ECONOMIC DEVELOPMENT AND COMMUNITY INVOLVEMENT. IN 2007, DEVELOPMENT BEGAN ON THE ECONOMIC DEVELOPMENT WEBSITE WHICH IS A COLLABORATIVE WEBSITE FOR THE 11-COUNTY METRO AREA THAT INCORPORATES GEOGRAPHIC INFORMATION SYSTEMS (GIS) TECHNOLOGY IN ORDER TO COMPETITIVELY MEETS THE INFORMATION NEEDS OF DECISION MAKERS FOR EXPANDING AND RELOCATING BUSINESSES INCLUDING INFORMATION ON THE ECONOMY, WORKFORCE, AND DEVELOPMENT ASSETS THROUGHOUT THE METRO AREA. WEBSITE WAS LAUNCHED ON MAY 8, 2008. IN 2009, MORE FUNDS WERE RAISED TO CONTINUE METROMSP. THE PARTNERSHIP: IN 2009, THE PARTNERSHIP WAS FORMED TO FOCUS ON RETAINING BUSINESS PROFESSIONALS OF PEOPLE OF COLOR IN MINNESOTA. THE MINNEAPOLIS FOUNDATION HAS COMMITTED $90,000 TO OPERATE THIS PROGRAM FOR ONE YEAR. THE PROGRAM CONTINUED TO OPERATE IN 2010 HOLDING A REGULAR PROGRAM WITH EIGHT SESSIONS FROM FEBRUARY TO JULY. 0 1 0 1 0 0 0 0 0 1 0 0 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 17 0 1 14 1 1 1 0 0 0 0 0 X 46 46 0 0 0 0 1 0 0 1 1 0 1 1 0 1 1 1 1 1 1 0 1 1 X X CHERYL BUTZ 6123709141 81 S NINTH STREET 200 MINNEAPOLIS MN 55402 CHARLES ZELLE 1.00 X X 0 0 0 SUSAN ADAMS LOYD 1.00 X X 0 0 0 PATRICIA GRAZZINI 1.00 X X 0 0 0 PAUL ADELMAN 0.30 X 0 0 0 MATTHEW ANDERSON 0.30 X 0 0 0 WES ANDERSON 0.30 X 0 0 0 TODD ANLAUF 0.30 X 0 0 0 LESTER BAGLEY 0.30 X 0 0 0 STEVE BIANCHI 0.30 X 0 0 0 DON BORNHORST 0.30 X 0 0 0 PATRICK BOULAY 0.30 X 0 0 0 TAL CENTERS 0.30 X 0 0 0 JOHN COLBOURNE 0.30 X 0 0 0 MIKE DIMOND 0.30 X 0 0 0 DEBORAH FERRY 0.30 X 0 0 0 SAM GRABARSKI 0.30 X 0 0 0 LINDA HALLER 0.30 X 0 0 0 JOANN HANSON 0.30 X 0 0 0 COREY HOEPPNER 0.30 X 0 0 0 STEVE JAHN 0.30 X 0 0 0 MATT JOHNSON 0.30 X 0 0 0 WILLIAM JONASON 0.30 X 0 0 0 BRIEN KENNEDY 0.30 X 0 0 0 MICHAEL KLINGENSMITH 0.30 X 0 0 0 LEE KOCH 0.30 X 0 0 0 TONI LEA 0.30 X 0 0 0 BETH LEBRECHE 0.30 X 0 0 0 LAURA MCCARTEN 0.30 X 0 0 0 LAURA MORET 0.30 X 0 0 0 LAURA MULLEN 0.30 X 0 0 0 JEFFREY D PETERSON 0.30 X 0 0 0 DAVID PRINCE 0.30 X 0 0 0 IRENE QUARSHIE 0.30 X 0 0 0 WILL ROACH 0.30 X 0 0 0 JIM ROTH 0.30 X 0 0 0 RANDY SANDS 0.30 X 0 0 0 DAN SEEMAN 0.30 X 0 0 0 KENNETH SORENSEN 0.30 X 0 0 0 DAVID ST PETER 0.30 X 0 0 0 DAVID TASHJIAN 0.30 X 0 0 0 MELVIN TENNANT 0.30 X 0 0 0 PHILLIP TRIER 0.30 X 0 0 0 MARIE UHRICH 0.30 X 0 0 0 KENT WARDEN 0.30 X 0 0 0 LESLIE WATSON 0.30 X 0 0 0 CHRIS WRIGHT 0.30 X 0 0 0 TODD KLINGEL 40.00 X 157740 0 20480 YULANDA WILLIAMS 40.00 X 33129 0 3190 190869 0 23670 1 0 1 0 0 12325 12325 MEMBERSHIP DUES 519100 1020576 1020576 EVENTS, FUNCTIONS 519100 818018 810781 7237 LEADERSHIP PROGRAM 519100 101706 101706 ADVERTISING 511120 9475 9475 INFORMATION SERVICES 519100 1122 1122 1950897 2586 2586 MISCELLANEOUS INCOME 900099 21884 21884 21884 1987692 1934185 16712 24470 214539 489051 9321 29812 56642 21779 71951 144753 96267 580 262480 46114 343674 1351 42289 13127 MISCELLANEOUS 39083 BANK SERVICE CHARGES 15243 BAD DEBT EXPENSE 8425 DUES AND SUBSCRIPTIONS 6384 TAXES 1754 1914619 303280 57164 417865 474945 31841 31658 71843 100639 13360 10846 435733 360242 85906 75491 1210 0 925305 750743 77026 45014 644481 417576 8211 19493 729718 482083 X 195587 268660 195587 268660 925305 750743 73073 0 X 0 1 1 X 0 RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 0 0 0 0 0 0 1020576 5600 5600 40823 -35223 77436 40341 37095 319460 298651 20809 38837 21250 17587 75491 CAPITAL LEASE PAYABLE 8744 DEFERRED RENT BENEFIT 7415 DUE TO GREATER MINNEAPOLIS CHAMBER DEVELOPMENT FOUNDATION 3334 19493 1987692 1914619 73073 0 73073 1991529 3837 3837 1987692 0 1987692 1918456 3837 3837 1914619 0 1914619 DESCRIPTION OF UNCERTAIN TAX POSITIONS UNDER FIN 48: PART X: 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 2007 THROUGH 2010 ARE OPEN TO EXAMINATION BY FEDERAL AUTHORITIES. X X X X 0 0 0 TODD KLINGEL 157740 0 0 0 0 0 0 0 20480 0 178220 0 0 0 DELTA AIRLINES D. BORNHORST, A BOARD MEMBER OF THE CHAMBER IS AN OFFICER OF DELTA AIRLINES 61800 PURCHASE OF AIRLINE TICKETS 0 MINNESOTA TWINS D. ST. PETER, A BOARD MEMBER OF THE CHAMBER IS AN OFFICER OF THE MN TWINS 79442 PURCHASE OF GAME TICKETS 0 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 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 12C 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 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 15A COMPARABLE SURVEY DATA FROM NONPROFIT ORGANZATIONS, THE NATIONAL CHAMBER OF COMMERCE, AND OTHER ASSOCIATION MARKET DATA IS PROVIDED TO THE COMPENSATION COMMITTEE TO REVIEW AND APPROVE FOR OFFICER'S COMPENSATION. THERE WERE NO RAISES GIVEN IN 2009; HOWEVER, THE COMPENSATION COMMITTEE REVIEWED SURVEY DATA IN 2010 FOR 2009. THEY REVIEWED AND APPROVED THE TOTAL COMPENSATION PACKAGE FOR THE CEO FOR 2009 AND 2010 AT THIS TIME. THE CEO/PRESIDENT IS THE ONLY EMPLOYEE THAT HAD COMPENSATION REVIEWED BY THE COMMITTEE. 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. EXPLANATION FOR HOURS WORKED FORM 990, PART VII, SECTION A TODD KLINGEL DEVOTED APPROXIMATELY 45 HOURS PER WEEK AS FOLLOWS: MINNEAPOLIS REGIONAL CHAMBER OF COMMERCE 40 HOURS MINNEAPOLIS REGIONAL CHAMBER OF COMMERCE DEVELOPMENT FOUNDATION 5 HOURS YULANDA WILLIAMS DEVOTED APPROXIMATELY 45 HOURS PER WEEK AS FOLLOWS: MINNEAPOLIS REGIONAL CHAMBER OF COMMERCE 40 HOURS MINNEAPOLIS REGIONAL CHAMBER OF COMMERCE 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 OF COMMERCE DEVELOPMENT FOUNDATION .1 HOURS MINNEAPOLIS REGIONAL CHAMBER OF COMMERCE 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 1 0 1 1 0 0 0 0