Minneapolis Regional Chamber Development Foundation

“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.”

“The finance/audit committee will review the completed form 990, which will be completed by an independent accounting firm, before the form 990 is submitted.”

“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.”

“The foundation makes its governing documents, conflict of interest policy, and financial statements available to the public on the minneapolis regional chamber of commerce's website and upon request.”

“On september 16, 2020, the minneapolis regional chamber development foundation acquired the twinwest chamber foundation, with the minneapolis regional chamber development foundation as the surviving corporation ("the foundation"). The foundation's programs, governing documents, and overall composition of the board of directors did not change as a result of the acquisition. Board members from the minneapolis regional chamber development foundation are solely the members of the foundation, and memberships from the acquired entity do not have the right to vote in the surviving corporation.”

“Elevate futures and elevate business 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.”

“Consulting work: program service expenses 113,875. Management and general expenses 0. Fundraising expenses 0. Total expenses 113,875.”