Civic Intelligence

Economic Club of Minnesota

EIN 26-3292945 • 501(c)3 • Plymouth, MN

Profile

The economic club of minnesota (ecom) provides a high-profile, non-partisan platform for national and international leaders in business, government and public policy to present their ideas on how minnesota can better compete in the global economy and how america can most effectively provide world leadership on economic and strategic issues.

4830 Ithaca Lane NorthPlymouth, MN 55446

www.ecomn.org

Siviq Scores

Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.

Liabilities / Assets

53rd percentile

0.02x

Higher debt load relative to assets than 53% of similar nonprofits.

501(c)3 • $500k-$1M nonprofits • Source year 2025

Liabilities / Revenue

57th percentile

0.03x

Higher debt load relative to revenue than 57% of similar nonprofits.

501(c)3 • $500k-$1M nonprofits • Source year 2025

Net Margin

13th percentile

-26%

Higher net margin than 13% of similar nonprofits.

501(c)3 • $500k-$1M nonprofits • Source year 2025

Top Officer Pay

93rd percentile

$141,379

Higher top officer pay than 93% of similar nonprofits.

Top officer pay equals 36.2% of source-year revenue.

501(c)3 • $500k-$1M nonprofits • Source year 2025

Asset Growth

18th percentile

-13%

Faster asset growth than 18% of similar nonprofits.

501(c)3 • $500k-$1M nonprofits • Annualized from 2024 to 2025

Revenue Growth

59th percentile

13%

Faster revenue growth than 59% of similar nonprofits.

501(c)3 • $500k-$1M nonprofits • Annualized from 2024 to 2025

Balance Sheet
Liabilities / Assets53rd percentile

Assets

Down

$599,139

Down $171,863 (-22%) from 2022

Liabilities

Up

$12,571

Up $5,395 (+75%) from 2022

Net Assets

Down

$586,568

Down $177,258 (-23%) from 2022

Operations
Liabilities / Revenue57th percentileNet Margin13th percentile

Revenue

Down

$390,264

Down $7,946 (-2.0%) from 2022

Expenses

Up

$491,030

Up $143,179 (+41%) from 2022

Net Income

Down

-$100,766

Down $151,125 (-300%) from 2022

Trend Graphs

Balance Sheet Trend

Asset Growth18th percentile

Grouped bars show assets, liabilities, and net assets across loaded filings.

$800K$600K$400K$200K$0Assets 2011: $185,719Liabilities 2011: $70,380Net Assets 2011: $115,3392011Assets 2012: $271,123Liabilities 2012: $34,370Net Assets 2012: $236,7532012Assets 2013: $264,928Liabilities 2013: $35,456Net Assets 2013: $229,4722013Assets 2014: $299,281Liabilities 2014: $58,385Net Assets 2014: $240,8962014Assets 2015: $350,953Liabilities 2015: $67,630Net Assets 2015: $283,3232015Assets 2016: $355,720Liabilities 2016: $62,163Net Assets 2016: $293,5572016Assets 2017: $351,059Liabilities 2017: $20,477Net Assets 2017: $330,5822017Assets 2018: $427,255Liabilities 2018: $23,383Net Assets 2018: $403,8722018Assets 2020: $642,859Liabilities 2020: $12,491Net Assets 2020: $630,3682020Assets 2022: $771,002Liabilities 2022: $7,176Net Assets 2022: $763,8262022Assets 2025: $599,139Liabilities 2025: $12,571Net Assets 2025: $586,5682025

Highlighted filing

2025

Assets$599,139
Liabilities$12,571
Net Assets$586,568
Open 2025 Filing

Operations Trend

Revenue Growth59th percentile

Revenue, expenses, and net income by year, with the latest filing highlighted.

$600K$400K$200K$0-$200KExpenses 2011: $178,8812011Expenses 2012: $311,4952012Expenses 2013: $377,4992013Revenue 2014: $402,362Expenses 2014: $390,938Net Income 2014: $11,4242014Revenue 2015: $416,727Expenses 2015: $374,300Net Income 2015: $42,4272015Revenue 2016: $467,425Expenses 2016: $457,191Net Income 2016: $10,2342016Revenue 2017: $438,770Expenses 2017: $401,745Net Income 2017: $37,0252017Revenue 2018: $573,816Expenses 2018: $500,526Net Income 2018: $73,2902018Revenue 2020: $551,598Expenses 2020: $419,831Net Income 2020: $131,7672020Revenue 2022: $398,210Expenses 2022: $347,851Net Income 2022: $50,3592022Revenue 2025: $390,264Expenses 2025: $491,030Net Income 2025: -$100,7662025

Highlighted filing

2025

Revenue$390,264
Expenses$491,030
Net Income-$100,766
Open 2025 Filing

Filings

Most recent year

2025 • Form 990Facts available. Structured filing facts are available, but richer extracted sections are limited.

Open filing
Assets
$599,139
Liabilities
$12,571
Net assets
$586,568
Revenue
$390,264
Expenses
$491,030
Net income
-$100,766
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2025Facts available. Structured filing facts are available, but richer extracted sections are limited.$5.99$0.13$5.87$3.90$4.91$1.01
2022Facts available. Structured filing facts are available, but richer extracted sections are limited.$7.71$0.07$7.64$3.98$3.48$0.50
2020Facts available. Structured filing facts are available, but richer extracted sections are limited.$6.43$0.12$6.30$5.52$4.20$1.32
2018XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$4.27$0.23$4.04$5.74$5.01$0.73
2017XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$3.51$0.20$3.31$4.39$4.02$0.37
2016XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$3.56$0.62$2.94$4.67$4.57$0.10
2015Detailed filing. Detailed filing data is available for this year.$3.51$0.68$2.83$4.17$3.74$0.42
2014Detailed filing. Detailed filing data is available for this year.$2.99$0.58$2.41$4.02$3.91$0.11
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$2.65$0.35$2.29$3.77
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$2.71$0.34$2.37$3.11
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.86$0.70$1.15$1.79
Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jul 1, 2024 to Jun 30, 2025
Signed
Oct 1, 2025
Return Version
2024v5.2
Gross Receipts
$390,264
Mission and Program Overview

Mission

The mission of economic club of minnesota is to educate members, sponsors, and the public as to how america can improve its competitiveness in the global economy and its effectiveness as a world leader.

The econonic club of minnesota (ecom) provides a high-profile, non-partisan platform for national and international leaders in business, government and public policy to present their ideas on how minnesota can better compete in the global economy and how america can most effectively provide world leadership on economic strategy.

Balance Sheet Detail
LineBeginningEndChange
Assets
Savings and Temporary Cash Investments$601,549$562,589▼ $38,960
Cash and Non-Interest-Bearing Accounts$82,294$26,903▼ $55,391
Pledges and Grants Receivable-$5,500-
Prepaid Expenses and Deferred Charges$8,178$4,147▼ $4,031
Total Assets$692,021$599,139▼ $92,882
Liabilities
Accounts Payable and Accrued Expenses$4,687$11,976▲ $7,289
Deferred Revenue-$595-
Total Liabilities$4,687$12,571▲ $7,884
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$644,834$533,612▼ $111,222
Net Assets With Donor Restrictions$42,500$52,956▲ $10,456
Total Net Assets Fund Balance$687,334$586,568▼ $100,766
Total Liabilities and Net Assets / Fund Balance$692,021$599,139▼ $92,882
Compensation and Service Providers
Top Officer Pay93rd percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
Kate ReschenbergExecutive DirectorFT$125,000$16,379$141,379

Board Members and Trustees

NameTitle
Neel KashkariChairman
Steve SangerChairman Emeritus
Timothy PennyVice Chair
Ben OmorogbeDirector
Dr Christine CummingDirector
Erik PaulsenDirector
Kate KellyDirector
Martha MacmillanDirector
Ronald SchutzDirector
Sri ZaheerDirector
Jeannine RivetSecretary
Elliot JaffeeTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$246,074
Program Service Revenue
$123,150
Investment Income
$21,040
Other Revenue
$0
All Other Contributions
$246,074
Change in Net Assets
$-100,766

Audited Revenue Reconciliation

Revenue per Audited Statements
$390,264
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$0
Total Revenue per Audited Statements
$390,264
Total Revenue per Form 990
$390,264
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$253,189
Other Expenses$237,841
Total Fundraising Expense$49,168
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Current Officers, Directors, Trustees, and Key Employees$82,166$36,845$36,469$155,480
Advertising$81,429$818-$82,247
Other Salaries and Wages$28,381$38,296$8,056$74,733
Payroll Taxes$7,929$5,566$3,162$16,657
Fees for Services Accounting-$12,857-$12,857
Other Expenses$183$8,265$0$8,448
Other Employee Benefits$1,549$2,089$438$4,076
Insurance$1,552$1,089$619$3,260
Pension Plan Contributions$852$1,149$242$2,243
Information Technology$918$36$9$963
Office Expenses$443$305$173$921
Travel-$29-$29
Total Functional Expenses$334,349$107,513$49,168$491,030

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$491,030
Total Expenses per Audited Statements$491,030
Total Expenses per Form 990$491,030
Expenses Not Reported on Financial Statements$0
Expenses Not Reported on Form 990$0
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
Backup withholding compliance
Yes
Business relationship with 35% controlled entity
No
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
Yes
Other officer compensation reviewed
No
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section B, Line 11B

“The 990 is first reviewed by the executive director and the executive committee. When it is in the final form, it is sent to the entire board for review and approval before filing.”

Form 990, Part VI, Section B, Line 12C

“Conflicts of interest are discussed at every board meeting. The nominating committee discusses the conflict of interest with any new or potential board members before the individual is invited to join the board. Newly appointed board members must agree to the conflict of interest policy. At the annual staff reviews, compliance with the conflict of interest policy is reviewed by the executive director and the employees.”

Form 990, Part VI, Section B, Line 15A

“The executive director analyzes data from the minnesota council on non-profits "non-profit economy report," which shows wages and benefits in various sectors of minnesotas non-profit community. In addition, she also analyzes data available from the bureau of labor statistics midwest office on non-profit pay & benefits, as well as information found on such other wage and benefits sites such as payscale.com and salary.com. This information is given to the board with a recommendation and the board discusses and makes a decision on salary and benefits annually at its june meeting. The executive director and other staff are not present during these discussions and the discussions are recorded in the minutes of the meeting.”

Form 990, Part VI, Section C, Line 19

“Economic club of minnesota makes the form 990, governing documents, conflict of interest policy, and financial statements available to the public upon request.”

Filing and Contact Details

Filer

Filer Name
Economic Club of Minnesota
EIN
26-3292945
Phone
6123869128
Address
4830 ITHACA LANE NORTH, PLYMOUTH, MN 55446

Signing Officer

Name
Kate Reschenberg
Title
Executive Director
Phone
6123869128
Signed
2025-10-01
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Kate Reschenberg
Formed
2008
Legal Domicile
Mn
Voting Board Members
12
Independent Board Members
12
Employees
2
Volunteers
4

Preparer

Firm
Akins Henke and Company
Address
600 INWOOD AVENUE NORTH SUITE 140, OAKDALE, MN 55128
Preparer
Georgia M Akins
Phone
6516363806
Supplemental Narrative

Financial Statement Notes

PART X, LINE 2:

“Ecom has tax exempt status under section 501(c)(3) of the internal revenue code and corresponding state tax codes. The organization is not a private foundation and charitable contributions by donors are tax deductible. U.s. Gaap requires management to evaluate tax positions taken by the organization and recognize a tax liability if the organization has taken an uncertain position that more likely than not would not be sustained upon examination by the internal revenue service. Management has analyzed the tax positions taken by the organization and has concluded that there are no uncertain positions taken or expected to be taken that would require recognition of a liability or disclosure in the financial statements.”

Raw XML AppendixShowing 400 of 444 raw XML fields

This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

Path#Value
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IRS990/ActivityOrMissionDesc0THE ECONONIC CLUB OF MINNESOTA (ECOM) PROVIDES A HIGH-PROFILE, NON-PARTISAN PLATFORM FOR NATIONAL AND INTERNATIONAL LEADERS IN BUSINESS, GOVERNMENT AND PUBLIC POLICY TO PRESENT THEIR IDEAS ON HOW MINNESOTA CAN BETTER COMPETE IN THE GLOBAL ECONOMY AND HOW AMERICA CAN MOST EFFECTIVELY PROVIDE WORLD LEADERSHIP ON ECONOMIC STRATEGY.
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IRS990/BooksInCareOfDetail/PhoneNum06123869128
IRS990/BooksInCareOfDetail/USAddress/AddressLine1Txt04830 ITHACA LANE NORTH
IRS990/BooksInCareOfDetail/USAddress/CityNm0PLYMOUTH
IRS990/BooksInCareOfDetail/USAddress/StateAbbreviationCd0MN
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IRS990/CompCurrentOfcrDirectorsGrp/TotalAmt0155480
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IRS990/ConservationEasementsInd00
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IRS990/CYOtherRevenueAmt00
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IRS990/CYTotalProfFndrsngExpnsAmt00
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IRS990/DeferredRevenueGrp/EOYAmt0595
IRS990/DelegationOfMgmtDutiesInd00
IRS990/Desc0THE ECONOMIC CLUB OF MINNESOTA PROVIDES PUBLIC EDUCATION ON ISSUES THAT AFFECT OUR ABILITY TO COMPETE IN THE GLOBAL ECONOMY. DURING OUR 2024-2025 SEASON (FY25) WE PROVIDED 8 IN PERSON EVENTS THAT WERE ALSO LIVESTREAMED. WE HELD 3 YOUNG PROFESSIONAL IN PERSON EVENTS.
IRS990/DescribedInSection501c3Ind01
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IRS990/FamilyOrBusinessRlnInd00
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IRS990/FeesForServicesAccountingGrp/TotalAmt012857
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IRS990/Form990PartVIISectionAGrp/OfficerInd0X
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IRS990/Form990PartVIISectionAGrp/TitleTxt0EXECUTIVE DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt1CHAIRMAN
IRS990/Form990PartVIISectionAGrp/TitleTxt2VICE CHAIR
IRS990/Form990PartVIISectionAGrp/TitleTxt3TREASURER
IRS990/Form990PartVIISectionAGrp/TitleTxt4SECRETARY
IRS990/Form990PartVIISectionAGrp/TitleTxt5DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt6DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt7DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt8DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt9DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt10DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt11DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt12CHAIRMAN EMERITUS
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IRS990/InsuranceGrp/ManagementAndGeneralAmt01089
IRS990/InsuranceGrp/ProgramServicesAmt01552
IRS990/InsuranceGrp/TotalAmt03260
IRS990/InvestmentIncomeGrp/ExclusionAmt021040
IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt021040
IRS990/InvestmentInJointVentureInd00
IRS990/IRPDocumentCnt04
IRS990/IRPDocumentW2GCnt00
IRS990/LegalDomicileStateCd0MN
IRS990/LoanOutstandingInd00
IRS990/LobbyingActivitiesInd00
IRS990/LocalChaptersInd00
IRS990/MaterialDiversionOrMisuseInd00
IRS990/MembersOrStockholdersInd00
IRS990/MethodOfAccountingAccrualInd0X
IRS990/MinutesOfCommitteesInd01
IRS990/MinutesOfGoverningBodyInd01
IRS990/MissionDesc0THE ECONOMIC CLUB OF MINNESOTA (ECOM) PROVIDES A HIGH-PROFILE, NON-PARTISAN PLATFORM FOR NATIONAL AND INTERNATIONAL LEADERS IN BUSINESS, GOVERNMENT AND PUBLIC POLICY TO PRESENT THEIR IDEAS ON HOW MINNESOTA CAN BETTER COMPETE IN THE GLOBAL ECONOMY AND HOW AMERICA CAN MOST EFFECTIVELY PROVIDE WORLD LEADERSHIP ON ECONOMIC AND STRATEGIC ISSUES.
IRS990/MoreThan5000KToIndividualsInd00
IRS990/MoreThan5000KToOrgInd00
IRS990/NetAssetsOrFundBalancesBOYAmt0687334
IRS990/NetAssetsOrFundBalancesEOYAmt0586568
IRS990/NetUnrelatedBusTxblIncmAmt00
IRS990/NoDonorRestrictionNetAssetsGrp/BOYAmt0644834
IRS990/NoDonorRestrictionNetAssetsGrp/EOYAmt0533612
IRS990/NondeductibleContributionsInd00
IRS990/OfficeExpensesGrp/FundraisingAmt0173
IRS990/OfficeExpensesGrp/ManagementAndGeneralAmt0305
IRS990/OfficeExpensesGrp/ProgramServicesAmt0443
IRS990/OfficeExpensesGrp/TotalAmt0921
IRS990/OfficerMailingAddressInd00
IRS990/OperateHospitalInd00
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsFASB117Ind0X
IRS990/OtherChangesInNetAssetsAmt00
IRS990/OtherEmployeeBenefitsGrp/FundraisingAmt0438
IRS990/OtherEmployeeBenefitsGrp/ManagementAndGeneralAmt02089
IRS990/OtherEmployeeBenefitsGrp/ProgramServicesAmt01549
IRS990/OtherEmployeeBenefitsGrp/TotalAmt04076
IRS990/OtherExpensesGrp/Desc0EVENT EXPENSE
IRS990/OtherExpensesGrp/Desc1FEES AND MISCELLANEOUS
IRS990/OtherExpensesGrp/FundraisingAmt00
IRS990/OtherExpensesGrp/FundraisingAmt10
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt0169
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt18265
IRS990/OtherExpensesGrp/ProgramServicesAmt0128947
IRS990/OtherExpensesGrp/ProgramServicesAmt1183
IRS990/OtherExpensesGrp/TotalAmt0129116
IRS990/OtherExpensesGrp/TotalAmt18448
IRS990/OtherSalariesAndWagesGrp/FundraisingAmt08056
IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt038296
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt028381
IRS990/OtherSalariesAndWagesGrp/TotalAmt074733
IRS990/PartialLiquidationInd00
IRS990/PayPremiumsPrsnlBnftCntrctInd00
IRS990/PayrollTaxesGrp/FundraisingAmt03162
IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt05566
IRS990/PayrollTaxesGrp/ProgramServicesAmt07929
IRS990/PayrollTaxesGrp/TotalAmt016657
IRS990/PensionPlanContributionsGrp/FundraisingAmt0242
IRS990/PensionPlanContributionsGrp/ManagementAndGeneralAmt01149
IRS990/PensionPlanContributionsGrp/ProgramServicesAmt0852
IRS990/PensionPlanContributionsGrp/TotalAmt02243
IRS990/PledgesAndGrantsReceivableGrp/EOYAmt05500
IRS990/PoliticalCampaignActyInd00
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt08178
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt04147
IRS990/PrincipalOfficerNm0KATE RESCHENBERG
IRS990/ProfessionalFundraisingInd00
IRS990/ProgramServiceRevenueGrp/BusinessCd0611430
IRS990/ProgramServiceRevenueGrp/BusinessCd1611430
IRS990/ProgramServiceRevenueGrp/Desc0MEMBER DUES
IRS990/ProgramServiceRevenueGrp/Desc1EVENT REVENUE
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IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt119090
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt0104060
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt119090
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
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IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt00
IRS990/PYInvestmentIncomeAmt05747
IRS990/PYOtherExpensesAmt0177583
IRS990/PYOtherRevenueAmt00
IRS990/PYProgramServiceRevenueAmt0126320
IRS990/PYRevenuesLessExpensesAmt0-60808
IRS990/PYSalariesCompEmpBnftPaidAmt0228883
IRS990/PYTotalExpensesAmt0406466
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt0345658
IRS990/QuidProQuoContributionsInd01
IRS990/QuidProQuoContriDisclInd01
IRS990/RcvFndsToPayPrsnlBnftCntrctInd00
IRS990/ReconcilationRevenueExpnssAmt0-100766
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd00
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd00
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd00
IRS990/ReportProgramRelatedInvstInd00
IRS990/RevenueAmt0123150
IRS990/SavingsAndTempCashInvstGrp/BOYAmt0601549
IRS990/SavingsAndTempCashInvstGrp/EOYAmt0562589
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearAmt0246074
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus1YearAmt0213591
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus2YearsAmt0252751
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus3YearsAmt0248110
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus4YearsAmt0273145
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt01233671
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearAmt021040
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus1YearAmt05747
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus2YearsAmt0130
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus3YearsAmt027
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus4YearsAmt041
IRS990ScheduleA/GrossInvestmentIncome170Grp/TotalAmt026985
IRS990ScheduleA/GrossReceiptsRltdActivitiesAmt0717748
IRS990ScheduleA/PublicOrganization170Ind0X
IRS990ScheduleA/PublicSupportCY170Pct00.82520
IRS990ScheduleA/PublicSupportPY170Pct00.80080
IRS990ScheduleA/PublicSupportTotal170Amt01040284
IRS990ScheduleA/SubstantialContributorsTotAmt0193387
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY170Ind0X
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearAmt0246074
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus1YearAmt0213591
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus2YearsAmt0252751
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus3YearsAmt0248110
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus4YearsAmt0273145
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt01233671
IRS990ScheduleA/TotalSupportAmt01260656
IRS990ScheduleB/ContributorInformationGrp/ContributorBusinessName/BusinessNameLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorNum0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine20RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/City0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/State0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/ZIPCode0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/TotalContributionsAmt0RESTRICTED
IRS990/ScheduleBRequiredInd01
IRS990ScheduleD/ExpensesNotReportedAmt00
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt00
IRS990ScheduleD/ExpensesSubtotalAmt0491030
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/RevenueNotReportedAmt00
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt00
IRS990ScheduleD/RevenueSubtotalAmt0390264
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0ECOM HAS TAX EXEMPT STATUS UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE AND CORRESPONDING STATE TAX CODES. THE ORGANIZATION IS NOT A PRIVATE FOUNDATION AND CHARITABLE CONTRIBUTIONS BY DONORS ARE TAX DEDUCTIBLE. U.S. GAAP REQUIRES MANAGEMENT TO EVALUATE TAX POSITIONS TAKEN BY THE ORGANIZATION AND RECOGNIZE A TAX LIABILITY IF THE ORGANIZATION HAS TAKEN AN UNCERTAIN POSITION THAT MORE LIKELY THAN NOT WOULD NOT BE SUSTAINED UPON EXAMINATION BY THE INTERNAL REVENUE SERVICE. MANAGEMENT HAS ANALYZED THE TAX POSITIONS TAKEN BY THE ORGANIZATION AND HAS CONCLUDED THAT THERE ARE NO UNCERTAIN POSITIONS TAKEN OR EXPECTED TO BE TAKEN THAT WOULD REQUIRE RECOGNITION OF A LIABILITY OR DISCLOSURE IN THE FINANCIAL STATEMENTS.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0PART X, LINE 2:
IRS990ScheduleD/TotalBookValueLandBuildingsAmt00
IRS990ScheduleD/TotalExpensesPerForm990Amt0491030
IRS990ScheduleD/TotalRevenuePerForm990Amt0390264
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt0390264
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt0491030
IRS990/ScheduleJRequiredInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE 990 IS FIRST REVIEWED BY THE EXECUTIVE DIRECTOR AND THE EXECUTIVE COMMITTEE. WHEN IT IS IN THE FINAL FORM, IT IS SENT TO THE ENTIRE BOARD FOR REVIEW AND APPROVAL BEFORE FILING.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1CONFLICTS OF INTEREST ARE DISCUSSED AT EVERY BOARD MEETING. THE NOMINATING COMMITTEE DISCUSSES THE CONFLICT OF INTEREST WITH ANY NEW OR POTENTIAL BOARD MEMBERS BEFORE THE INDIVIDUAL IS INVITED TO JOIN THE BOARD. NEWLY APPOINTED BOARD MEMBERS MUST AGREE TO THE CONFLICT OF INTEREST POLICY. AT THE ANNUAL STAFF REVIEWS, COMPLIANCE WITH THE CONFLICT OF INTEREST POLICY IS REVIEWED BY THE EXECUTIVE DIRECTOR AND THE EMPLOYEES.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE EXECUTIVE DIRECTOR ANALYZES DATA FROM THE MINNESOTA COUNCIL ON NON-PROFITS "NON-PROFIT ECONOMY REPORT," WHICH SHOWS WAGES AND BENEFITS IN VARIOUS SECTORS OF MINNESOTAS NON-PROFIT COMMUNITY. IN ADDITION, SHE ALSO ANALYZES DATA AVAILABLE FROM THE BUREAU OF LABOR STATISTICS MIDWEST OFFICE ON NON-PROFIT PAY & BENEFITS, AS WELL AS INFORMATION FOUND ON SUCH OTHER WAGE AND BENEFITS SITES SUCH AS PAYSCALE.COM AND SALARY.COM. THIS INFORMATION IS GIVEN TO THE BOARD WITH A RECOMMENDATION AND THE BOARD DISCUSSES AND MAKES A DECISION ON SALARY AND BENEFITS ANNUALLY AT ITS JUNE MEETING. THE EXECUTIVE DIRECTOR AND OTHER STAFF ARE NOT PRESENT DURING THESE DISCUSSIONS AND THE DISCUSSIONS ARE RECORDED IN THE MINUTES OF THE MEETING.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3ECONOMIC CLUB OF MINNESOTA MAKES THE FORM 990, GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART VI, SECTION B, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, SECTION B, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PART VI, SECTION B, LINE 15A
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PART VI, SECTION C, LINE 19
IRS990/SchoolOperatingInd00
IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
IRS990/StatesWhereCopyOfReturnIsFldCd0MN
IRS990/SubjectToExcsTaxNetInvstIncInd00
IRS990/SubjectToProxyTaxInd00
IRS990/SubjToTaxRmnrtnExPrchtPymtInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TerminateOperationsInd00
IRS990/TotalAssetsBOYAmt0692021
IRS990/TotalAssetsEOYAmt0599139
IRS990/TotalAssetsGrp/BOYAmt0692021
IRS990/TotalAssetsGrp/EOYAmt0599139
IRS990/TotalCompGreaterThan150KInd00
IRS990/TotalContributionsAmt0246074
IRS990/TotalEmployeeCnt02
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt049168
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt0107513
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0334349
IRS990/TotalFunctionalExpensesGrp/TotalAmt0491030
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt04687
IRS990/TotalLiabilitiesEOYAmt012571
IRS990/TotalLiabilitiesGrp/BOYAmt04687
IRS990/TotalLiabilitiesGrp/EOYAmt012571
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0687334
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0586568
IRS990/TotalOtherCompensationAmt016379
IRS990/TotalProgramServiceExpensesAmt0334349
IRS990/TotalProgramServiceRevenueAmt0123150
IRS990/TotalReportableCompFromOrgAmt0125000
IRS990/TotalRevenueGrp/ExclusionAmt021040
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt0123150
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0390264
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotalVolunteersCnt04
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt0692021
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt0599139

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