2025-11-14T16:27:49-06:00 2024-12-31 410746749 CLIFTONLARSONALLEN LLP 220 SOUTH SIXTH STREET SUITE 300 MINNEAPOLIS MN 55402 990 2024-01-01 363468708 MINNEAPOLIS REGIONAL CHAMBER DEVELOPMENT FOUNDATION MINN 6123709100 81 SOUTH NINTH STREET 200 MINNEAPOLIS MN 55402 MIKE LOGAN PRESIDENT & CEO 6123709100 2025-11-11 1 1 KIMBERLY ANDERSON P00188889 6123764500 2025-11-11 2024 2025-03-06 01:10:19Z MIKE LOGAN 81 SOUTH NINTH STREET 200 MINNEAPOLIS MN 55402 1679780 0 X WWW.MPLSCHAMBER.ORG X 1986 MN TO SUPPORT THE MINNEAPOLIS REGIONAL CHAMBER TO CREATE A VIBRANT AND EQUITABLE ECONOMY. 4 3 0 85 0 0 1480569 1140721 133860 165794 0 0 3259 373265 1617688 1679780 26500 128100 0 0 1170757 991104 0 0 0 1060439 788253 2257696 1907457 -640008 -227677 872882 533080 1121740 1009615 -248858 -476535 X THE MISSION OF THE MINNEAPOLIS REGIONAL CHAMBER DEVELOPMENT FOUNDATION IS TO OFFER INNOVATIVE WAYS OF REDUCING UNEMPLOYMENT, IMPROVE EDUCATIONAL OPPORTUNITIES FOR DISADVANTAGED YOUTH, INITIATE AND CONDUCT LEADERSHIP DEVELOPMENT PROGRAMS AND PROMOTE EFFORTS THAT ENHANCE THE QUALITY OF LIFE AND LEADERSHIP SKILLS IN THE MINNEAPOLIS AND ST. PAUL AREAS. 0 0 954087 COMMUNITY LEADERSHIP: THROUGH THE MINNEAPOLIS REGIONAL CHAMBER DEVELOPMENT FOUNDATION, THE CHAMBER ENGAGES IN AN ONGOING INITIATIVE TO PROMOTE EDUCATION AND LEADERSHIP THROUGH SCHOLARSHIP PROGRAMS AND CONFERENCES AND AN EMERGING LEADERS SERIES. 427769 155324 LEADERSHIP TWIN CITIES: EACH YEAR, LEADERSHIP TWIN CITIES TAKES A COHORT OF 50+ HIGH POTENTIAL INDIVIDUALS THROUGH A NINE-MONTH PROGRAM OF CIVIC EDUCATION AND LEADERSHIP SKILLS DEVELOPMENT. THE PROGRAM'S MISSION IS TO IDENTIFY, CULTIVATE AND INSPIRE SUCCESSIVE GENERATIONS OF COMMUNITY LEADERS, BY EXAMINING CRITICAL ISSUES AND RESOURCES, TO ENSURE THE SOCIAL, CULTURAL AND ECONOMIC PROSPERITY OF THE MINNEAPOLIS-SAINT PAUL REGION. FOR MORE THAN 40 YEARS, LEADERSHIP TWIN CITIES HAS INFORMED MORE THAN 2,000 CIVIC LEADERS ABOUT THE CRITICAL ISSUES FACING THE REGION. PARTICIPANTS SPEND ONE DAY EACH MONTH FROM SEPTEMBER-MAY EXPLORING TOPICS SUCH AS ECONOMIC DEVELOPMENT, EDUCATION, ARTS AND CULTURE, COMMUNITY SAFETY, HEALTH CARE AND GOVERNMENT. 211993 10470 KEYSTONE: MINNESOTA KEYSTONE PROGRAM PROMOTES CORPORATE PHILANTHROPY BY RECOGNIZING AND HONORING COMPANIES THAT DONATE AT LEAST 2% OF THEIR PRE-TAX EARNINGS TO CHARITABLE ORGANIZATIONS. QUALIFYING COMPANIES HAVE AN OPERATING PRESENCE IN MINNESOTA AND DONATE CASH, IN-KIND DONATIONS, INCLUDING PRO-BONO SERVICES, AND/OR EMPLOYEE PAID VOLUNTEER TIME. MINNESOTA KEYSTONE COMPANIES RECEIVE RECOGNITION ON THE MINNESOTA KEYSTONE WEBSITE AND AT AN ANNUAL EVENT. MINNESOTA KEYSTONE HAS BEEN OPERATING CONSISTENTLY SINCE 1976 AND IS A GREAT REFLECTION OF MINNESOTA'S SPIRIT OF GENEROSITY AND SENSE OF COMMUNITY. 143122 128100 ELEVATE FUTURES: ELEVATE FUTURES IS AN INTERACTIVE CAREER DEVELOPMENT PLATFORM THAT LINKS RECRUITMENT, SKILL BUILDING AND CAREER NAVIGATION INTO ONE COMPREHENSIVE SYSTEM. ELEVATE FUTURES PROVIDES A UNIQUE SOLUTION TO CLOSE THE WORKFORCE GAPS. IT INFORMS, EDUCATES AND DEVELOP STUDENTS AND JOB SEEKERS, WHILE DIRECTLY CONNECTING THEM TO LOCAL EMPLOYERS, CAREER COUNSELORS, CAREER PATHWAYS AND JOBS. ELEVATE BUSINESS HC - BUSINESSES IN MINNEAPOLIS AND BROADER HENNEPIN COUNTY ARE ELIGIBLE TO RECEIVE FREE BUSINESS ADVISING AND CONSULTING SERVICES THROUGH ELEVATE BUSINESS HC, A NEW INITIATIVE OFFERING NO-COST BUSINESS ADVISING AND OTHER RESOURCES TO HELP BUSINESSES RECOVER FROM THE PANDEMIC AND BUILD FOR FUTURE GROWTH. REALTIME TALENT PARTNERS WITH K-12 EDUCATION, POST-SECONDARY EDUCATION, INDUSTRY ASSOCIATIONS, COMMUNITY-BASED TRAINING ORGANIZATIONS, AND THE PUBLIC SECTOR TO ENSURE STUDENTS AND JOB-SEEKERS HAVE THE SKILLS AND EXPERIENCE NEEDED TO GROW IN HIGH-DEMAND OPPORTUNITIES. 143122 128100 1736971 1 0 0 0 0 0 0 0 0 0 1 0 0 1 1 0 0 1 0 0 0 0 0 0 0 0 0 0 1 0 0 0 1 0 0 0 0 0 0 0 0 0 0 1 0 0 0 1 18 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 X 4 3 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 0 0 0 MN X MIKE LOGAN 6123709155 81 SOUTH NINTH STREET STE 200 MINNEAPOLIS MN 55402 MIKE LOGAN PRESIDENT & CEO 18.00 22.00 X X 0 51589 621 JOHN STANOCH INTERIM PRESIDENT & CEO 18.00 22.00 X X 0 0 621 JONATHAN WEINHAGEN FORMER PRESIDENT & CEO 18.00 22.00 X X 0 113589 22800 DARREL GERMAN CHAIR 1.00 3.00 X X 0 0 0 KARLY BARAGA WERNER CHAIR-ELECT 1.00 3.00 X X 0 0 0 DAVID PRINCE TREASURER 1.00 3.00 X X 0 0 0 0 165178 24042 1 0 0 0 TALENT HOLDCO LP 590 MADISON AVE 40TH FLOOR NEW YORK NY 10022 CONSULTANT 111908 1 1140721 1140721 TUITION INCOME 900099 155324 155324 EVENT ADMISSION 900099 10470 10470 165794 MISC REVENUE 900099 373265 373265 373265 1679780 165794 0 373265 128100 128100 991104 878380 112724 29348 29348 9765 9765 116363 116363 14278 12654 1624 39157 34703 4454 59149 52422 6727 16702 15710 992 5991 5310 681 34983 31004 3979 LICENSE EXPENSE 361513 361513 PROGRAM EXPENSE 94490 94490 COMMUNITY INVOLVEMENT 3000 3000 MERCHANT SERVICE FEES 2577 2577 937 745 192 1907457 1736971 170486 0 527574 239263 63949 0 89431 124412 30288 24452 15903 5379 4646 10524 156994 134429 872882 533080 744603 696960 43880 8638 211180 223135 122077 80882 1121740 1009615 X -592103 -648350 343245 171815 -248858 -476535 872882 533080 -227677 0 X 0 1 X 1 0 X 1147977 1598554 1464668 1480569 1140721 6832489 1147977 1598554 1464668 1480569 1140721 6832489 514012 6318477 683 21162 21845 415346 2103 3259 373265 793973 7648307 664567 0.82610 0.84720 X SCHEDULE A, PART II, LINE 10, EXPLANATION OF OTHER INCOME: TWINWEST MERGER INCOME - 2020 AMOUNT: $ 415,346. OTHER INCOME - 2022 AMOUNT: $ 2,103. 2023 AMOUNT: $ 3,259. 2024 AMOUNT: $ 373,265. 15903 5379 10524 10524 RIGHT OF USE ASSET 134429 134429 LEASE LIABILITY 80882 80882 1 SCHOLARSHIPS 17 25000 0 N/A N/A NURSING ASSISTANT TUITION ASSISTANCE AND SUPPORT 63 103100 0 N/A N/A PART I, LINE 2: THE FOUNDATION AWARDS SCHOLARSHIPS TO STUDENTS WHO PARTICIPATE IN THEIR FUTURE LEADERS PROGRAM. REALTIME TALENT PASSED THROUGH TUITION ASSISTANCE AND OTHER SUPPORT FROM A GRANT IT WAS AWARDED FOR NURSING ASSISTANT TRAINING. NO MONITORING IS NECESSARY. JONATHAN WEINHAGEN FORMER PRESIDENT & CEO DURING 2024, THE FOUNDATION IDENTIFIED AN EXCESS BENEFIT TRANSACTION INVOLVING THE MISAPPROPRIATION OF FUNDS BY A DISQUALIFIED PERSON. THE TRANSACTIONS CONSISTED OF UNAUTHORIZED DIVERSION OF ORGANIZATIONAL ASSETS FOR PERSONAL USE ESTIMATED TO BE $137,500. THE FOUNDATION HAS INITIATED RECOVERY EFFORTS, IMPLEMENTED ENHANCED INTERNAL CONTROLS, AND IS PURSUING CORRECTIVE MEASURES. THE DISQUALIFIED PERSON IS NO LONGER EMPLOYED BY THE FOUNDATION. 0 34375 0 FORM 990, PART VI, SECTION A, LINE 1A THE BOARD OF DIRECTORS MAY DESIGNATE THREE OR MORE OF ITS MEMBERS TO CONSTITUTE THE EXECUTIVE COMMITTEE. TO THE EXTENT DETERMINED BY THE BOARD, THE EXECUTIVE COMMITTEE HAS THE FULL AUTHORITY OF THE BOARD OF DIRECTORS IN THE MANAGEMENT OF THE BUSINESS OF THE FOUNDATION BETWEEN MEETINGS OF THE FULL BOARD. FORM 990, PART VI, SECTION B, LINE 11B FORM 990 IS PREPARED BY AN INDEPENDENT ACCOUNTING FIRM. IT IS REVIEWED BY THE FINANCE COMMITTEE AND SENT ELECTRONICALLY TO ALL BOARD MEMBERS PRIOR TO FILING. 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 C, LINE 19 THE FOUNDATION MAKES ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC UPON REQUEST. MINNEAPOLIS REGIONAL CHAMBER OF COMMERCE 81 SOUTH NINTH STREET MINNEAPOLIS MN 55402 411414520 CHAMBER OF COMMERCE MN 501(C)(6) N/A N/A 0 MOVE MINNEAPOLIS 81 SOUTH NINTH STREET MINNEAPOLIS MN 55402 411710866 TRANSPORTATION DEVELOPMENT MN 501(C)(4) N/A MINNEAPOLIS REGIONAL CHAMBER OF COMMERCE 0 0 0 0 0 0 0 0 0 0 0 1 1 1 1 1 0 1 0 0 MINNEAPOLIS REGIONAL CHAMBER OF COMMERCE O 991104 ACTUAL COST