Nonprofit · EIN 27-4026636
MINNEAPOLIS - ST PAUL REGIONAL ECONOMIC DEVELOPMENT PARTNERSHIP
Also known as GREATER MSP
Tax-exempt · SAINT PAUL, MN 55101
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $10,270,115 | $8,633,502 | $1,636,613 | $8,385,747 | $1,955,584 | $6,430,163 |
| December 31, 2023 | 990 | $8,008,937 | $7,635,137 | $373,800 | $6,398,281 | $1,616,814 | $4,781,467 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $10,181,130
- of which government grants
- $250,648
- Program service revenue
- $0
- Investment income
- $88,985
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $64,500
- Compensation of officers, directors and key employees
- $1,592,507
- Other salaries and wages
- $2,756,335
- Salaries, compensation and benefits (total)
- $4,898,663
- Professional fundraising fees
- $0
- Legal fees
- $49,095
- Accounting fees
- $78,865
- Occupancy
- $206,554
- Travel
- $129,985
- Depreciation
- $258,524
- Program services (functional)
- $6,684,454
- Management and general (functional)
- $1,774,351
- Fundraising (functional)
- $174,697
Balance sheet and other
- Total assets, start of year
- $6,398,281
- Total assets, end of year
- $8,385,747
- Total liabilities, end of year
- $1,955,584
- Net assets, end of year
- $6,430,163
- Land, buildings and equipment
- $1,637,343
- Net assets without donor restrictions
- $3,404,245
- Net assets with donor restrictions
- $3,025,918
- Gross receipts
- $10,270,115
- Employees
- 27
- Volunteers
- 1,000
- Year formed
- 2010
- State of legal domicile
- MN
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990 for the year ended December 31, 2024, highest compensation first.
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| PETER FROSCH | PRESIDENT & CEO Trustee or director, Officer | 40 | $501,135 | $14,857 |
| AMANDA TAYLOR | VICE PRESIDENT, BUSINESS INVESTMENT Key employee | 40 | $247,975 | $41,789 |
| MORRIS GOODWIN JR | MANAGING DIRECTOR, FORGE NORTH Key employee | 40 | $252,260 | $31,776 |
| MATTHEW K LEWIS | VICE PRESIDENT, PARTNERSHIP STRATEGY Key employee | 40 | $257,654 | $17,147 |
| CATHERINE PENKERT | VICE PRESIDENT, OPERATIONS Key employee | 40 | $227,378 | $9,236 |
| JULIA SILVIS | MANAGING DIRECTOR, RESEARCH AND INTELLIGENCE Highest-paid employee | 40 | $215,537 | $10,879 |
| JENNIFER M LINDEMER | DIRECTOR, ORGANIZATIONAL DEVELOPMENT Highest-paid employee | 40 | $183,535 | $42,324 |
| IEESHA M COLLINS | ENTERPRISE DIRECTOR, TALENT, INCLUSION, & ENGAGEME Highest-paid employee | 40 | $198,252 | $23,830 |
| JOANNE BERKENKAMP | MANAGING DIRECTOR, MBOLD Highest-paid employee | 40 | $193,838 | $22,849 |
| KRISTIN GUILD | DIRECTOR, BUSINESS BRIDGE AND TALENT SOLUTIONS Highest-paid employee | 40 | $175,565 | $7,669 |
| TONYA ALLEN | DIRECTOR Trustee or director | 0.5 | $0 | $0 |
| COMMISSIONER DAVE BEER | DIRECTOR Trustee or director | 0.5 | $0 | $0 |
| MITCH BLESKE | DIRECTOR Trustee or director | 0.5 | $0 | $0 |
| DOUG CARNIVAL | OF COUNSEL Trustee or director | 0.5 | $0 | $0 |
| MAYOR MELVIN CARTER | DIRECTOR Trustee or director | 0.5 | $0 | $0 |
37 more people on this return
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| PRESIDENT REBECCA CUNNINGHAM | DIRECTOR Trustee or director | 0.5 | $0 |
| DANA ERICKSON | DIRECTOR Trustee or director | 0.5 | $0 |
| LISA ERICKSON | DIRECTOR Trustee or director | 0.5 | $0 |
| JEFFREY ETTINGER | DIRECTOR (UNTIL 2/29/2024) Trustee or director | 0.5 | $0 |
| COMMISSIONER IRENE FERNANDO | DIRECTOR Trustee or director | 0.5 | $0 |
| BOB FRENZEL | DIRECTOR Trustee or director | 0.5 | $0 |
| MAYOR JACOB FREY | DIRECTOR Trustee or director | 0.5 | $0 |
| CHRIS GALVIN | DIRECTOR Trustee or director | 0.5 | $0 |
| COMMISSIONER MIKE GAMACHE | DIRECTOR Trustee or director | 0.5 | $0 |
| DARREL GERMAN | DIRECTOR (UNTIL 5/23/2024) Trustee or director | 0.5 | $0 |
| DOMINIC IANNAZZO | DIRECTOR Trustee or director | 0.5 | $0 |
| DAN JOHNSON | DIRECTOR (UNTIL 12/31/2024) Trustee or director | 0.5 | $0 |
| DR ERIC JOLLY | DIRECTOR Trustee or director | 0.5 | $0 |
| COMMISSIONER STAN KARWOSKI | DIRECTOR Trustee or director | 0.5 | $0 |
| BARBARA KOSLOSKI | DIRECTOR Trustee or director | 0.5 | $0 |
| AUDREY LUCAS | DIRECTOR Trustee or director | 0.5 | $0 |
| MAYOR MIKE MAGUIRE | DIRECTOR Trustee or director | 0.5 | $0 |
| MATT MARSH | DIRECTOR Trustee or director | 0.5 | $0 |
| CHAIRMAN COLE MILLER | DIRECTOR Trustee or director | 0.5 | $0 |
| JON NUDI | DIRECTOR (UNTIL 3/1/2024) Trustee or director | 0.5 | $0 |
| LAURA OBERST | DIRECTOR Trustee or director | 0.5 | $0 |
| COMMISSIONER RAFAEL ORTEGA | DIRECTOR Trustee or director | 0.5 | $0 |
| RT RYBAK | DIRECTOR Trustee or director | 0.5 | $0 |
| SAHIL SANGHVI | DIRECTOR Trustee or director | 0.5 | $0 |
| COMMISSIONER SCOTT SCHULTE | DIRECTOR (UNTIL 1/16/2024) Trustee or director | 0.5 | $0 |
| COMMISSIONER MIKE SLAVIK | DIRECTOR (UNTIL 12/31/2024) Trustee or director | 0.5 | $0 |
| CHRISTINE SOVEREIGN | DIRECTOR Trustee or director | 0.5 | $0 |
| JOHN STAUCH | DIRECTOR Trustee or director | 0.5 | $0 |
| JOHN STERN | DIRECTOR Trustee or director | 0.5 | $0 |
| COMMISSIONER MATT UDERMANN | DIRECTOR Trustee or director | 0.5 | $0 |
| ROBERT VISCHER | DIRECTOR Trustee or director | 0.5 | $0 |
| LAYSHA WARD | DIRECTOR (UNTIL 4/1/2024) Trustee or director | 0.5 | $0 |
| TIMOTHY A WELSH | DIRECTOR Trustee or director | 0.5 | $0 |
| BRADLEY WOOD | DIRECTOR Trustee or director | 0.5 | $0 |
| CHRISTOPHE BECK | CHAIRMAN Trustee or director, Officer | 1 | $0 |
| DENNIS DAHLEN | TREASURER Trustee or director, Officer | 0.5 | $0 |
| RAVI NORMAN | VICE CHAIR Trustee or director, Officer | 0.5 | $0 |
990 for the year ended December 31, 2023: 52 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| PETER FROSCH | PRESIDENT & CEO Trustee or director, Officer | 40 | $445,510 | $14,133 |
| AMANDA TAYLOR | VICE PRESIDENT, RESEARCH & INTELLIGENCE Key employee | 40 | $237,935 | $40,299 |
| MORRIS GOODWIN JR | MANAGING DIRECTOR, FORGE NORTH Key employee | 40 | $237,168 | $30,001 |
| MATTHEW K LEWIS | VICE PRESIDENT, STRATEGIC INITIATIVES Key employee | 40 | $243,140 | $15,283 |
| IEESHA M COLLINS | MANAGING DIRECTOR, CONNEXTMSP Highest-paid employee | 40 | $197,845 | $16,520 |
| JENNIFER M LINDEMER | DIRECTOR, ORGANIZATIONAL DEVELOPMENT Highest-paid employee | 40 | $167,515 | $38,898 |
| JOANNE BERKENKAMP | MANAGING DIRECTOR, MBOLD Highest-paid employee | 40 | $175,818 | $19,801 |
| KRISTIN GUILD | DIRECTOR, BUSINESS BRIDGE Highest-paid employee | 40 | $167,628 | $7,779 |
| SAM B MORANTZ | COMPTROLLER Highest-paid employee | 40 | $158,895 | $14,061 |
| TONYA ALLEN | DIRECTOR Trustee or director | 0.5 | $0 | $0 |
| CHAIRMAN KEITH ANDERSON | DIRECTOR (UNTIL 12/31/2023) Trustee or director | 0.5 | $0 | $0 |
| CHRISTOPHE BECK | DIRECTOR Trustee or director | 0.5 | $0 | $0 |
| ANDY BESSETTE | DIRECTOR (UNTIL 9/11/2023) Trustee or director | 0.5 | $0 | $0 |
| DOUG CARNIVAL | OF COUNSEL Trustee or director | 0.5 | $0 | $0 |
| BRETT CARTER | DIRECTOR (UNTIL 11/2/2023) Trustee or director | 0.5 | $0 | $0 |
| MAYOR MELVIN CARTER | DIRECTOR Trustee or director | 0.5 | $0 | $0 |
| BERT COLIANNI | DIRECTOR (UNTIL 7/10/2023) Trustee or director | 0.5 | $0 | $0 |
| JEFFREY ETTINGER | DIRECTOR Trustee or director | 0.5 | $0 | $0 |
| COMMISSIONER IRENE FERNANDO | DIRECTOR Trustee or director | 0.5 | $0 | $0 |
| MAYOR JACOB FREY | DIRECTOR Trustee or director | 0.5 | $0 | $0 |
| JOAN GABEL | DIRECTOR (UNTIL 4/28/2023) Trustee or director | 0.5 | $0 | $0 |
| CHRIS GALVIN | DIRECTOR Trustee or director | 0.5 | $0 | $0 |
| DAN JOHNSON | DIRECTOR Trustee or director | 0.5 | $0 | $0 |
| DR ERIC JOLLY | DIRECTOR Trustee or director | 0.5 | $0 | $0 |
| MICHAEL JONES | DIRECTOR (UNTIL 4/30/2023) Trustee or director | 0.5 | $0 | $0 |
| PHILIP KAUFMAN | DIRECTOR (UNTIL 6/30/2023) Trustee or director | 0.5 | $0 | $0 |
| COMMISSIONER STAN KARWOSKI | DIRECTOR Trustee or director | 0.5 | $0 | $0 |
| AMY LANGER | DIRECTOR (UNTIL 4/12/2023) Trustee or director | 0.5 | $0 | $0 |
| AUDREY LUCAS | DIRECTOR Trustee or director | 0.5 | $0 | $0 |
| MAYOR MIKE MAGUIRE | DIRECTOR Trustee or director | 0.5 | $0 | $0 |
| MATT MARSH | DIRECTOR Trustee or director | 0.5 | $0 | $0 |
| JOHN NAYLOR | DIRECTOR (UNTIL 8/31/2023) Trustee or director | 0.5 | $0 | $0 |
| JON NUDI | DIRECTOR Trustee or director | 0.5 | $0 | $0 |
| MICHAEL O'LEARY | DIRECTOR (UNTIL 9/20/2023) Trustee or director | 0.5 | $0 | $0 |
| LAURA OBERST | DIRECTOR Trustee or director | 0.5 | $0 | $0 |
| COMMISSIONER RAFAEL ORTEGA | DIRECTOR Trustee or director | 0.5 | $0 | $0 |
| RT RYBAK | DIRECTOR Trustee or director | 0.5 | $0 | $0 |
| DAVID SAGGAU | DIRECTOR (UNTIL 4/12/2023) Trustee or director | 0.5 | $0 | $0 |
| SAHIL SANGHVI | DIRECTOR Trustee or director | 0.5 | $0 | $0 |
| COMMISSIONER SCOTT SCHULTE | DIRECTOR Trustee or director | 0.5 | $0 | $0 |
| TODD SENGER | DIRECTOR (UNTIL 2/13/2023) Trustee or director | 0.5 | $0 | $0 |
| COMMISSIONER MIKE SLAVIK | DIRECTOR Trustee or director | 0.5 | $0 | $0 |
| CHRISTINE SOVEREIGN | DIRECTOR Trustee or director | 0.5 | $0 | $0 |
| JOHN STAUCH | DIRECTOR Trustee or director | 0.5 | $0 | $0 |
| COMMISSIONER MATT UDERMANN | DIRECTOR Trustee or director | 0.5 | $0 | $0 |
| COMMISSIONER JON ULRICH | DIRECTOR (UNTIL 12/31/2023) Trustee or director | 0.5 | $0 | $0 |
| ROBERT VISCHER | DIRECTOR Trustee or director | 0.5 | $0 | $0 |
| LAYSHA WARD | DIRECTOR Trustee or director | 0.5 | $0 | $0 |
| BRADLEY WOOD | DIRECTOR Trustee or director | 0.5 | $0 | $0 |
| TIMOTHY A WELSH | CHAIRMAN Trustee or director, Officer | 1 | $0 | $0 |
| RAVI NORMAN | VICE CHAIR Trustee or director, Officer | 0.5 | $0 | $0 |
| DENNIS DAHLEN | TREASURER Trustee or director, Officer | 0.5 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- 400 ROBERT ST N STE 1600, SAINT PAUL, MN 55101-2027
- In care of
- % BELINDA MASSEY
- Mailing address (990-N for 2010)
- 400 Robert Street North Suite 1520, Saint Paul MN 55101
- Principal officer (990 for 2024)
- PETER FROSCH, 370 WABASHA ST NORTH 1900, SAINT PAUL, MN 55102
- Principal officer (990-N for 2010)
- Kathleen Schmidlkofer, 400 Robert Street North Suite 1520, Saint Paul MN 55101
- Signed the 990
- PETER FROSCH, PRESIDENT AND CEO
- Phone
- (651) 287-1365
- Website
- www.greatermsp.org
- Return prepared by
- RSM US LLP
Mission
THE MISSION OF THE GREATER MSP PARTNERSHIP IS TO ACCELERATE REGIONAL COMPETITIVENESS AND INCLUSIVE ECONOMIC GROWTH THROUGH JOB CREATION, CAPITAL INVESTMENT AND EXECUTION OF STRATEGIC INITIATIVES. THE PARTNERSHIP WORKS TO STRENGTHEN OUR REGION'S GLOBAL SECTORS, PRIORITIZE TALENT, AND TELL OUR STORY.
Program accomplishments
- GREATER MSP PARTNERSHIP WAS CREATED A DECADE AGO TO BE A SHARED SPACE WHERE LEADERS AND ORGANIZATIONS OF ALL TYPES COULD COME TOGETHER AND BUILD THE ECONOMY FOR THE BENEFIT OF THE RESIDENTS OF THIS REGION. WE ARE REALIZING THIS VISION AS A CROSS-SECTOR, WORKING PARTNERSHIP THAT TOUCHES EVERY CORNER OF THE 15-COUNTY MINNEAPOLIS-SAINT PAUL METRO. GREATER MSP IS A GROWING WORKING PARTNERSHIP THAT TOGETHER SHAPES AND EXECUTES A REGIONAL ECONOMIC DEVELOPMENT STRATEGY TO EXECUTE ON OUR VISION FOR THE GREATER MINNEAPOLIS-SAINT PAUL REGION TO LEAD THE WORLD IN INCLUSIVE ECONOMIC GROWTH BY WELCOMING ALL, EMPOWERING TALENT, AND IGNITING INNOVATION.THE GREATER MSP PARTNERSHIP HAS DEMONSTRATED THE CAPABILITY OF GENERATING SIGNIFICANT ECONOMIC OPPORTUNITY FOR PEOPLE IN THE REGION. FROM ITS INCEPTION IN 2012, GREATER MSP HAS HELPED ITS PARTNERS GENERATE OVER $7.7 BILLION IN CAPITAL INVESTMENT AND 35,000 NEW AND RETAINED DIRECT JOBS. GREATER MSP HAS BEEN BUILDING ON ITS ORIGINAL SCOPE TO ENSURE THAT EVERY MEMBER OF OUR COMMUNITY CAN ACCESS GOOD JOBS AND ECONOMIC OPPORTUNITY. THIS EMPHASIS ON INCLUSIVE GROWTH HAS POWERED AN EXPANSION IN GREATER MSP'S SCOPE, CAPACITY, AND BREADTH OF PARTICIPANTS.GREATER MSP IS A LARGE AND GROWING WORKING PARTNERSHIP OF COMMUNITY AND BUSINESS LEADERS AND ORGANIZATIONS THAT TOUCHES EVERY CORNER OF THE 15-COUNTY MINNEAPOLIS-SAINT PAUL METRO. MORE THAN 4,500 PEOPLE FROM OVER 350 LEADING COMPANIES, CITIES, COUNTIES, UNIVERSITIES, FOUNDATIONS, AND OTHER ORGANIZATIONS WORK TOGETHER IN DOZENS OF DIFFERENT TEAMS EACH YEAR TO CREATE SOLUTIONS THAT ACCELERATE GLOBAL COMPETITIVENESS AND INCLUSIVE ECONOMIC GROWTH ACROSS THE MSP REGION AND STATE OF MINNESOTA. OUR VISION FOR THE MINNEAPOLIS-SAINT PAUL REGION IS TO LEAD THE WORLD IN INCLUSIVE ECONOMIC GROWTH BY WELCOMING ALL, EMPOWERING TALENT AND IGNITING INNOVATION. TO REALIZE THIS VISION, WE SHAPE AND EXECUTE A SHARED REGIONAL ECONOMIC DEVELOPMENT STRATEGY FOCUSED ON: JOB GROWTH, RACIAL INCLUSION, ENTREPRENEURSHIP, TALENT, HOUSING AFFORDABILITY, REGIONAL BRAND, TRANSPORTATION MOBILITY AND THE NEW CLIMATE ECONOMY. THIS STRATEGY PROVIDES FOCUS AND DIRECTION FOR ALL THE WORK OF THE GREATER MSP PARTNERSHIP. GREATER MSP HAS BECOME A LARGE AND DIVERSE ECOSYSTEM OF ORGANIZATIONS BUILDING INNOVATIVE SOLUTIONS, SETTING AUDACIOUS LONG-TERM AMBITIONS, AND BREAKING THROUGH LONGSTANDING BOUNDARIES BY HARNESSING THE POWER OF CROSS-SECTOR COLLABORATION.THE VISION, MISSION AND VALUES FOR THE GREATER MSP REGION AND PARTNERSHIP INCLUDE:REGIONAL VISIONTHE GREATER MSP REGION LEADS THE WORLD IN INCLUSIVE ECONOMIC GROWTH BY WELCOMING ALL, EMPOWERING TALENT AND IGNITING INNOVATION.PARTNERSHIP MISSIONTHE GREATER MSP PARTNERSHIP WILL ACCELERATE REGIONAL COMPETITIVENESS AND INCLUSIVE ECONOMIC GROWTH THROUGH JOB CREATION, CAPITAL INVESTMENT AND THE EXECUTION OF STRATEGIC INITIATIVES.PARTNERSHIP VALUESACCOUNTABILITY | ALIGNMENT | INCLUSION | INNOVATION | TRANSPARENCYLEADING WORK OF THE GREATER MSP PARTNERSHIP INCLUDES:BUSINESS INVESTMENT: GREATER MSP IS THE REGION'S HUB FOR BUSINESSES LOOKING TO EXPAND OR RELOCATE IN THE GREATER MSP REGION. OUR TEAM HELPS COMPANIES FIND COMMUNITY DATA, CREATE STRATEGIC PARTNERSHIPS, NAVIGATE PROGRAMS AND GOVERNMENT INCENTIVES, DISCOVER SITES, AND MORE WITH COORDINATION ACROSS A VARIETY OF AGENCIES, AUTHORITIES, COUNTIES, AND MUNICIPALITIES.RESEARCH & INTELLIGENCE: GREATER MSP IS THE REGIONAL SOURCE OF TRUSTED, UNBIASED DATA ON THE REGIONAL ECONOMY. DATA, ANALYTICS, AND INTELLIGENCE ARE INTEGRATED AND LEVERAGED TO DELIVER HIGH-VALUE INSIGHTS THAT DRIVE THE DEVELOPMENT OF REGIONAL STRATEGY, ENABLING THE PARTNERSHIP TO LEAD GLOBALLY IN AN INCREASINGLY COMPLEX ECONOMIC LANDSCAPE. OUR RESEARCH AND INTELLIGENCE PLATFORM CREATES ECONOMIC DATA AND INSIGHTS, LIKE THE MSP REGIONAL INDICATORS DASHBOARD, THAT WE USE TO FOCUS AND PRIORITIZE. MBOLD IS A PLATFORM OF MINNESOTA'S LEADING FOOD & AGRICULTURE COMPANIES LIKE GENERAL MILLS, CARGILL, SCHWAN'S, COMPEER FINANCIAL AND MANY OTHERS WORKING WITH THE UNIVERSITY OF MINNESOTA AND KEY FOOD AND AGRICULTURAL ORGANIZATIONS TO LAUNCH INDUSTRY-LEADING SOLUTIONS FROM MINNESOTA, SUCH AS THE CREATION OF A CIRCULAR ECONOMY FOR FLEXIBLE FILMS, INITIATIVES TO ADVANCE SOIL HEALTH & PROTEIN INNOVATION, AND MUCH MORE.THE MINNESOTA SAF HUB IS A FIRST-OF-ITS-KIND EFFORT TO CREATE THE SUPPLY CHAIN THAT CAN PRODUCE SUSTAINABLE AVIATION FUEL (SAF) ON A LARGE SCALE AND DELIVER IT TO THE MINNEAPOLISSAINT PAUL INTERNATIONAL AIRPORT. TO MEET THE OVERWHELMING DEMAND FOR LOW-CARBON AVIATION, THE HUB LINKS SUPPLIERS IN PRODUCTION, TRANSPORTATION, REGENERATIVE AGRICULTURE, RENEWABLE ENERGY, REFINING AND MORE. THE GREATER MSP PARTNERSHIP BUILT AND IS LEADING THIS HUB WITH LEADERSHIP FROM DELTA, ECOLAB, XCEL ENERGY, BANK OF AMERICA, CARGILL, DELOITTE, AND MANY OTHERS, WHICH INCLUDE COMPANIES, UNIVERSITIES, NONPROFITS, AND GOVERNMENT.MINNESOTA MEDTECH 3.0 IS A HUB TO CREATE THE FUTURE OF GLOBAL MEDICAL TECHNOLOGY FROM MINNESOTA THROUGH A COLLABORATIVE STRATEGY CO-CREATED AND IMPLEMENTED BY LEADERS FROM ORGANIZATIONS LIKE MEDTRONIC, MAYO CLINIC, HEALTHPARTNERS, UNIVERSITY OF MINNESOTA, THE STATE OF MINNESOTA, AND DOZENS OF OTHERS. MEDTECH 3.0 EARNED A FEDERAL DESIGNATION AS THE U.S. TECH HUB FOR MEDICAL TECHNOLOGY WITH INITIATIVES ADVANCING FOCUSED ON HEALTHCARE DATA, GLOBAL EXPANSION, STARTUP INCUBATION, WORKFORCE DEVELOPMENT, AND MORE.ITASCA PROJECT IS A CROSS-SECTOR ALLIANCE FOCUSED ON STRENGTHENING THE MINNEAPOLISSAINT PAUL REGION'S CIVIC ECOSYSTEM AND IDENTIFYING LONG-TERM ISSUES THAT MATTER TO THE FUTURE PROSPERITY AND COMPETITIVENESS OF THE REGION. CREATED 20 YEARS AGO, THE ITASCA PROJECT BECAME PART OF THE GREATER MSP PARTNERSHIP IN 2022. SINCE ITS FORMATION, ITASCA'S WORK WITH PARTNERS IN THE BUSINESS, GOVERNMENT, PHILANTHROPIC, HIGHER EDUCATION AND NONPROFIT SECTORS HAS ADVANCED MORE AND BETTER EARLY CHILDHOOD EDUCATION, INCREASED THE AMOUNT THAT BUSINESSES SPEND WITH LOCAL AND DIVERSE SUPPLIERS, IMPROVED CAREER AND COLLEGE READINESS AMONG HIGH SCHOOL STUDENTS AND YOUNG ADULTS, SPARKED ADDITIONAL SUPPORT FOR AFFORDABLE HOUSING STRATEGIES AND FUNDING AND CATALYZED MANY OTHER CIVIC ENDEAVORS. FORGE NORTH IS THE REGION'S PLATFORM TO ACCELERATE STARTUP GROWTH. FORGE NORTH ASSEMBLES ALL THE KEY STAKEHOLDERS IN A REGIONAL STARTUP ECOSYSTEM, INCLUDING DOZENS OF VENTURE CAPITAL FIRMS, LOCAL STARTUP ACCELERATORS, UNIVERSITIES, GOVERNMENT AGENCIES, FOUNDATIONS, AND OTHER ORGANIZATIONS WORKING TO SUPPORT AND FUEL THE GROWTH OF LOCAL STARTUP FOUNDERS. FORGE NORTH ALIGNS THESE ACTORS AROUND KEY INITIATIVES THAT EXPAND THE OVERALL PIE OF NEW INVESTORS THROUGH CAMPAIGNS AND FUNDS, WHILE ALSO MAKING THE REGION'S ECOSYSTEM MORE VISIBLE TO ENTREPRENEURS THOUGH TRANSPARENT TOOLS LIKE THE MSP STARTUP GUIDE, THE REGION'S SEARCH ENGINE AND NAVIGATOR FOR STARTUP RESOURCES. FORGE NORTH SERVES AS THE REGIONAL HUB IN THE STATE OF MINNESOTA'S "LAUNCH MINNESOTA" NETWORK AND AS THIS HUB SERVES AS THE POINT OF INCUBATING BOLD NEW INITIATIVES, VENTURE CAPITAL FUNDS, AND OTHER PROGRAMS THAT GO ON TO GROW THE REGION'S DIRECT SUPPORT OF ENTREPRENEURS.MAKE IT. MSP. BRINGS MANY OF THE REGION'S LARGEST EMPLOYERS TOGETHER TO WORK WITH COMMUNITY AND EDUCATIONAL PARTNERS TO ATTRACT AND RETAIN PROFESSIONALS TO THE REGION. WE HAVE WORKED TOGETHER TO CREATE A WEALTH OF TALENT RESOURCES, WITH SPECIAL ATTENTION TO RETAINING PROFESSIONALS OF COLOR IN OUR REGION. CONNEXTMSP IS WORKING TO ENSURE THOUSANDS MORE YOUNG ADULTS OF COLOR FROM OUR REGION ARE HIRED INTO GREAT JOBS BY EMPLOYERS IN OUR REGION. CONNEXTMSP BECAME PART OF GREATER MSP IN 2020 AND PUBLICLY LAUNCHED IN 2021 WITH THE HELP OF MORE THAN 50 COALITION PARTNERS. THE MSP REGIONAL AIR SERVICES PARTNERSHIP (RASP) WAS LAUNCHED IN 2017 BY THE METROPOLITAN AIRPORTS COMMISSION (MAC) AND GREATER MSP. RASP DRAWS ON THE LEADERSHIP OF CORPORATE PARTNERS AND THE METROPOLITAN AIRPORTS COMMISSION TO EXPAND ACCESS TO DOMESTIC AND GLOBAL LOCATIONS FROM MSP INTERNATIONAL AIRPORT. SEVERAL GROWING INITIATIVES ACROSS GREATER MSP ARE WORTH BILLIONS IN DIRECT ECONOMIC IMPACT, INCLUDING BUSINESS BRIDGE, A NETWORK OF THE REGION'S LEADING COMPANIES WORKING TOGETHER TO INCREASE BILLIONS OF DOLLARS IN PROCUREMENT WITH MINNESOTA-OWNED BUSINESSES WITH GOALS AROUND BIPOC-, VETERAN-, AND WOMEN-OWNED BUSINESSES. THE MINNESOTA CHIPS COALITION BRINGS TOGETHER DOZENS OF SEMICONDUCTOR MANUFACTURERS, SUPPLIERS, WORKFORCE PARTNERS, AND OTHERS TO MAKE MINNESOTA A TOP STATE FOR EXPANSION OF AMERICA'S SEMICONDUCTOR INDUSTRY.Expenses $6,684,454 · grants $64,500
What it must file and when
IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in December, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | December 31, 2025 | May 15, 2026 | Not on file |
| 2024 | December 31, 2024 | May 15, 2025 | 990 on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990 on file |
IRS record
- EIN
- 27-4026636
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Publicly supported organization (170(b)(1)(A)(vi))
- Donations deductible (Pub 78)
- Public charity, 50% deduction limit
- Exempt since
- 2011
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Community improvement and capacity building (S30)
- Assets (IRS master file)
- $8,385,747
- Income (IRS master file)
- $10,270,115
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $10,270,115 | $8,633,502 | $8,385,747 | XML |
| 990 | December 2023 | $8,008,937 | $7,635,137 | $6,398,281 | XML |
| 990 | December 2022 | $6,796,435 | $6,890,625 | $5,387,494 | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990 | December 2020 | – | – | – | IRS |
| 990 | December 2018 | – | – | – | IRS |
| 990-N for 2010 Officer: Kathleen Schmidlkofer | December 31, 2010 | ≤ $50,000 receipts | – | – | e-Postcard |
990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 27-4026636).
Questions about MINNEAPOLIS - ST PAUL REGIONAL ECONOMIC DEVELOPMENT PARTNERSHIP
- What is the EIN of MINNEAPOLIS - ST PAUL REGIONAL ECONOMIC DEVELOPMENT PARTNERSHIP?
- The employer identification number (EIN) of MINNEAPOLIS - ST PAUL REGIONAL ECONOMIC DEVELOPMENT PARTNERSHIP is 27-4026636.
- Is MINNEAPOLIS - ST PAUL REGIONAL ECONOMIC DEVELOPMENT PARTNERSHIP tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2011.
- Are donations to MINNEAPOLIS - ST PAUL REGIONAL ECONOMIC DEVELOPMENT PARTNERSHIP tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does MINNEAPOLIS - ST PAUL REGIONAL ECONOMIC DEVELOPMENT PARTNERSHIP file?
- Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
- When is the next return of MINNEAPOLIS - ST PAUL REGIONAL ECONOMIC DEVELOPMENT PARTNERSHIP due?
- The return for tax year 2025 (the year ending December 31, 2025) is due May 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did MINNEAPOLIS - ST PAUL REGIONAL ECONOMIC DEVELOPMENT PARTNERSHIP last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended December 2024.
- Who is the principal officer of MINNEAPOLIS - ST PAUL REGIONAL ECONOMIC DEVELOPMENT PARTNERSHIP?
- The 990 for the year ended December 31, 2024 names PETER FROSCH.
- Who are the officers and directors of MINNEAPOLIS - ST PAUL REGIONAL ECONOMIC DEVELOPMENT PARTNERSHIP?
- The 990 for the year ended December 31, 2024 lists 52 people; 10 received compensation from the organization, the highest $501,135 (PETER FROSCH, PRESIDENT & CEO).
- How much revenue does MINNEAPOLIS - ST PAUL REGIONAL ECONOMIC DEVELOPMENT PARTNERSHIP have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $10,270,115, expenses of $8,633,502 and total assets of $8,385,747 at year end.
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All nonprofits in SAINT PAUL · Minnesota · Community improvement and capacity building