Nonprofit · EIN 41-1453093
MINNESOTA CHAMBER FOUNDATION
Tax-exempt · SAINT PAUL, MN 55102
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| September 30, 2025 | 990 | $1,030,337 | $1,066,240 | -$35,903 | $878,601 | $230,178 | $648,423 |
| September 30, 2024 | 990 | $1,351,042 | $1,404,742 | -$53,700 | $879,691 | $195,365 | $684,326 |
| September 30, 2023 | 990 | $1,220,735 | $1,069,695 | $151,040 | $971,066 | $233,040 | $738,026 |
Financial details: 990 for the year ended September 30, 2025
Revenue
- Contributions, gifts and grants
- $646,364
- Program service revenue
- $383,973
- Investment income
- $0
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $362,086
- Other salaries and wages
- $414,748
- Salaries, compensation and benefits (total)
- $414,898
- Professional fundraising fees
- $0
- Accounting fees
- $7,878
- Occupancy
- $6,224
- Travel
- $153,427
- Program services (functional)
- $893,217
- Management and general (functional)
- $160,167
- Fundraising (functional)
- $12,856
Balance sheet and other
- Total assets, start of year
- $879,691
- Total assets, end of year
- $878,601
- Total liabilities, end of year
- $230,178
- Net assets, end of year
- $648,423
- Net assets without donor restrictions
- $106,329
- Net assets with donor restrictions
- $542,094
- Gross receipts
- $1,030,337
- Employees
- 3
- Volunteers
- 16
- Year formed
- 1983
- 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 September 30, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation | From related orgs | Other / benefits |
|---|---|---|---|---|---|
| DOUG LOON | PRESIDENT/CEO Trustee or director | 1 | $0 | $580,332 | $29,431 |
| LAURA BORDELON | SR. VICE PRESIDENT Highest-paid employee | 1 | $0 | $301,512 | $27,655 |
| ANNETTE KOJETIN | VICE PRESIDENT/CFO Officer | 1 | $0 | $194,732 | $22,454 |
| JENNIFER BYERS | EXECUTIVE DIRECTOR Trustee or director, Officer | 40 | $0 | $196,791 | $13,852 |
| BENTLEY GRAVES | DIRECTOR Highest-paid employee | 1 | $0 | $179,870 | $19,638 |
| BETH KADOUN | VICE PRESIDENT Highest-paid employee | 0 | $0 | $163,737 | $25,699 |
| JENNIFER MUNYER | VICE PRESIDENT Highest-paid employee | 1 | $0 | $171,350 | $12,037 |
| VICTORIA STUTE | VICE PRESIDENT Highest-paid employee | 0 | $0 | $160,409 | $10,644 |
| TRACI TAPANI | CHAIR Trustee or director, Officer | 1 | $0 | $0 | $0 |
| JEFF DEYOUNG | PAST CHAIR Trustee or director | 1 | $0 | $0 | $0 |
| RICK BAUERLY | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
| ERIC BLACK | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
| LISA BODINE | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
| JON CAMPBELL | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
| LARA JURAS | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
6 more people on this return
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| DARIN LYNCH | DIRECTOR Trustee or director | 1 | $0 |
| SAM HOLSEN | DIRECTOR Trustee or director | 1 | $0 |
| SUSAN MARVIN | DIRECTOR Trustee or director | 1 | $0 |
| JILL RENSLOW | DIRECTOR Trustee or director | 1 | $0 |
| DAVID RUDOLPH | DIRECTOR Trustee or director | 1 | $0 |
| TIM PENNY | DIRECTOR Trustee or director | 1 | $0 |
990 for the year ended September 30, 2024: 22 people
| Name | Title | Hours / week | Compensation | From related orgs | Other / benefits |
|---|---|---|---|---|---|
| DOUG LOON | PRESIDENT/CEO Trustee or director | 1 | $0 | $573,300 | $31,566 |
| LAURA BORDELON | SR. VICE PRESIDENT Highest-paid employee | 0 | $0 | $298,243 | $29,440 |
| ANNETTE KOJETIN | VICE PRESIDENT/CFO Officer | 1 | $0 | $187,484 | $25,259 |
| JENNIFER BYERS | EXECUTIVE DIRECTOR Trustee or director, Officer | 30 | $0 | $187,424 | $13,073 |
| BENTLEY GRAVES | DIRECTOR Highest-paid employee | 0 | $0 | $175,602 | $18,079 |
| ELIZABETH KADOUN | VICE PRESIDENT Highest-paid employee | 0 | $0 | $166,867 | $15,043 |
| JENNIFER MUNYER | VICE PRESIDENT Highest-paid employee | 5 | $0 | $164,780 | $11,472 |
| VICTORIA STUTE | VICE PRESIDENT Highest-paid employee | 0 | $0 | $158,833 | $10,481 |
| JEFF DEYOUNG | CHAIR Trustee or director, Officer | 1 | $0 | $0 | $0 |
| TRACI TAPANI | CHAIR-ELECT Trustee or director, Officer | 1 | $0 | $0 | $0 |
| JON CAMPBELL | PAST CHAIR Trustee or director, Officer | 1 | $0 | $0 | $0 |
| RICK BAUERLY | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
| LISA BODINE | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
| JILL RENSLOW | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
| DARIN LYNCH | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
| JOHN MARSHALL | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
| SUSAN MARVIN | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
| TIM PENNY | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
| DAVID RUDOLPH | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
| ERIC BLACK | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
| BRET WEISS | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
| LARA JURAS | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
990 for the year ended September 30, 2023: 21 people
| Name | Title | Hours / week | Compensation | From related orgs | Other / benefits |
|---|---|---|---|---|---|
| DOUG LOON | PRESIDENT/CEO Trustee or director | 1 | $0 | $553,410 | $47,781 |
| LAURA BORDELON | SR. VICE PRESIDENT Highest-paid employee | 1 | $0 | $293,703 | $41,322 |
| ANNETTE KOJETIN | VICE PRESIDENT/CFO Officer | 1 | $0 | $183,931 | $30,563 |
| JENNIFER BYERS | EXEC DIR MCF/SEC/TREASURER Trustee or director, Officer | 40 | $0 | $180,426 | $12,166 |
| BENTLEY GRAVES | DIRECTOR Highest-paid employee | 1 | $0 | $171,993 | $17,877 |
| BETH KADOUN | VICE PRESIDENT Highest-paid employee | 1 | $0 | $161,255 | $23,648 |
| JENNIFER MUNYER | VICE PRESIDENT Highest-paid employee | 1 | $0 | $156,599 | $11,974 |
| VICKI STUTE | VICE PRESIDENT Highest-paid employee | 1 | $0 | $153,104 | $11,475 |
| JEFF DEYOUNG | CHAIR Trustee or director, Officer | 1 | $0 | $0 | $0 |
| JON CAMPBELL | PAST CHAIR Trustee or director, Officer | 1 | $0 | $0 | $0 |
| RICK BAUERLY | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
| LISA BODINE | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
| HOYT HSIAO | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
| DARIN LYNCH | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
| JOHN MARSHALL | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
| SUSAN MARVIN | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
| TIM PENNY | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
| DAVID RUDOLPH | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
| TRACI TAPANI | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
| BRET WEISS | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
| RAMONA WILSON | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- 380 SAINT PETER ST STE 1050, SAINT PAUL, MN 55102-2436
- Principal officer (990 for 2024)
- JENNIFER BYERS, 380 SAINT PETER STREET 1050, ST PAUL, MN 55102
- Signed the 990
- JENNIFER BYERS, EXECUTIVE DIRECTOR
- Phone
- (651) 292-4650
- Return prepared by
- CLIFTONLARSONALLEN LLP
Mission
THE ORGANIZATION'S MISSION IS TO BRING STAKEHOLDERS TOGETHER TO PROMOTE PROSPERITY AND LONG-TERM GROWTH OF MINNESOTA'S ECONOMY.
Program accomplishments
- ECONOMIC RESEARCH: IN FEBRUARY OF 2025, THE MINNESOTA CHAMBER FOUNDATION RELEASED A "SCORECARD" ON MINNESOTA'S ENVIRONMENTAL PERMITTING SYSTEM. THIS REPORT, AS A FOLLOW UP TO AN EXTENSIVE STUDY THE PREVIOUS YEAR, MEASURED THE PROGRESS ON THE MINNESOTA POLLUTION CONTROL AGENCY IN EXPEDITING THE PERMITTING PROCESS IN THE STATE. IN ADDITION, THE FOUNDATION RELEASED THE 2026 BUSINESS BENCHMARKS IN NOVEMBER OF 2025, COMPARING MINNESOTA'S ECONOMIC PERFORMANCE TO THE REST OF THE COUNTRY.Expenses $362,084 · grants $362,086
- CENTER FOR WORKFORCE SOLUTIONS THE CENTER FOR WORKFORCE SOLUTIONS IS DESIGNED TO PROVIDE PRIVATE SECTOR SOLUTIONS TO THE WORKFORCE CHALLENGE FACING MINNESOTA EMPLOYERS. THE CENTER HAS MULTIPLE FOCUS AREAS. THE FIRST, IS THE BUSINESS EDUCATION NETWORK (BEN) FORMED IN 2015. BEN IS A PRIVATE-SECTOR SOLUTION TO EMPLOYERS' URGENT NEED TO FIND SKILLED, QUALIFIED AND READY WORKERS FOR JOBS AVAILABLE IN COMMUNITIES ACROSS OUR STATE. BEN PARTNERS ESTABLISHED A RELATIONSHIP WITH THE UNITED WAY OF THE TWIN CITIES TO EXPAND CAREER PATHWAYS IN 2024 AND THAT WORK CONTINUED IN 2025. THE CENTER IS ALSO HOME TO THE FOUNDATION'S WORKFORCE INCLUSION INITIATIVE. RESOURCES AND CONSULTING ARE PROVIDED FOR EMPLOYERS ACROSS MINNESOTA. THE INCLUSIVE LEADER'S ALLIANCE WAS LAUNCHED LAST YEAR. ANOTHER AREA OF FOCUS IS HIGHLIGHTING AND ADVANCING THE ROLE OF NEW AMERICANS TO MINNESOTA'S ECONOMY, BOTH AS WORKERS AND ENTREPRENEURS.Expenses $194,100 · revenue $96,482
- GROW MINNESOTA! GROW MINNESOTA! IS A STATEWIDE BUSINESS AND RETENTION INITIATIVE IN PARTNERSHIP WITH LOCAL CHAMBERS OF COMMERCE. GROW MINNESOTA! WAS INTEGRATED INTO THE FOUNDATION IN 2025 TO ALIGN WITH THE GOALS OF THE FOUNDATION, AND IN COORDINATION WITH THE ECONOMIC RESEARCH AND WORKFORCE DEVELOPMENT EFFORTS. GROW MINNESOTA! PRODUCED A REPORT ON THE STATE OF BUSINESS RETENTION AND EXPANSION IN MINNESOTA AS A RESULT OF HUNDREDS OF MEETINGS WITH BUSINESSES ACROSS THE STATE. THE PROGRAM ALSO PROVIDES ONE ON ONE ASSISTANCE TO BUSINESSES AND WELL AS RESOURCES TO HELP BUSINESSES LOCATE AND GROW IN MINNESOTA. THE FOUNDATION ALSO IS THE HOME TO LEADERSHIP MINNESOTA AND LEADERS LAB, WHICH ARE EDUCATION AND LEADERSHIP DEVELOPMENT PROGRAMS DESIGNED TO PROVIDE EMERGING LEADERS WITH THE OPPORTUNITY TO UNDERSTAND MINNESOTA'S DIVERSE ECONOMY. A COHORT OF LEADERS IS SELECTED TO PARTICIPATE IN THE PROGRAM ANNUALLY.FINALLY, THE FOUNDATION HOSTS SEVERAL EVENTS AND WEBINARS ANNUALLY TO EDUCATE BUSINESS AND COMMUNITY LEADERS ON ISSUES AROUND THE ECONOMY AND WORKFORCE.Expenses $337,033 · revenue $287,491
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 September, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | September 30, 2026 | February 15, 2027 | Not due yet |
| 2024 | September 30, 2025 | February 16, 2026 | 990 on file |
| 2023 | September 30, 2024 | February 17, 2025 | 990 on file |
IRS record
- EIN
- 41-1453093
- 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
- 1983
- Accounting year ends
- September
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Public and societal benefit (W11)
- Assets (IRS master file)
- $878,601
- Income (IRS master file)
- $1,030,337
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | September 2025 | $1,030,337 | $1,066,240 | $878,601 | XML |
| 990 | September 2024 | $1,351,042 | $1,404,742 | $879,691 | XML |
| 990 | September 2023 | $1,220,735 | $1,069,695 | $971,066 | XML |
| 990 | September 2022 | $930,141 | $957,574 | $743,764 | IRS |
| 990 | September 2021 | – | – | – | IRS |
| 990 | September 2020 | – | – | – | IRS |
| 990 | September 2018 | – | – | – | IRS |
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 41-1453093).
Questions about MINNESOTA CHAMBER FOUNDATION
- What is the EIN of MINNESOTA CHAMBER FOUNDATION?
- The employer identification number (EIN) of MINNESOTA CHAMBER FOUNDATION is 41-1453093.
- Is MINNESOTA CHAMBER FOUNDATION tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1983.
- Are donations to MINNESOTA CHAMBER FOUNDATION tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does MINNESOTA CHAMBER FOUNDATION 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 MINNESOTA CHAMBER FOUNDATION due?
- The return for tax year 2025 (the year ending September 30, 2026) is due February 15, 2027. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did MINNESOTA CHAMBER FOUNDATION last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended September 2025.
- Who is the principal officer of MINNESOTA CHAMBER FOUNDATION?
- The 990 for the year ended September 30, 2025 names JENNIFER BYERS.
- Who are the officers and directors of MINNESOTA CHAMBER FOUNDATION?
- The 990 for the year ended September 30, 2025 lists 21 people; 0 received compensation from the organization.
- How much revenue does MINNESOTA CHAMBER FOUNDATION have?
- On its 990 for the year ended September 30, 2025 it reported revenue of $1,030,337, expenses of $1,066,240 and total assets of $878,601 at year end.
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