Civic Intelligence

Twin West Chamber Foundation

990 • Fiscal year 2018 • EIN 41-1435676

Jan 01, 2018 to Dec 31, 2018 • Filed on Nov 08, 2019

Organization ProfileWWW.TWINWEST.COM
1600 Utica Ave S 9th FloorSt Louis Park, MN 55416

(763) 450-2220

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

76th percentile

0.25x

Higher debt load relative to assets than 76% of similar nonprofits.

2018 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2018

Liabilities / Revenue

87th percentile

0.65x

Higher debt load relative to revenue than 87% of similar nonprofits.

2018 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2018

Net Margin

5th percentile

-58%

Higher net margin than 5% of similar nonprofits.

2018 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2018

Top Officer Pay

93rd percentile

$132,900

Higher top officer pay than 93% of similar nonprofits.

Top officer pay equals 64.5% of source-year revenue.

2018 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2018

Asset Growth

10th percentile

-18%

Faster asset growth than 10% of similar nonprofits.

2018 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2017 to 2018

Revenue Growth

92nd percentile

85%

Faster revenue growth than 92% of similar nonprofits.

2018 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2017 to 2018

Balance Sheet
Liabilities / Assets76th percentile

Assets

Down

$528,334

Down $118,140 (-18%) from 2017

Net Assets

Down

$393,834

Down $235,840 (-37%) from 2017

Liabilities

Up

$134,500

Up $117,700 (+701%) from 2017

Revenue And Expenses
Liabilities / Revenue87th percentileNet Margin5th percentile

Revenue

Up

$205,892

Up $94,379 (+85%) from 2017

Expenses

Up

$324,320

Up $263,115 (+430%) from 2017

Net Income

Down

-$118,428

Down $168,736 (-335%) from 2017

Historical Trend

Balance Sheet Trend

Asset Growth10th percentile

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$800K$600K$400K$200K$0Assets 2011: $380,758Liabilities 2011: $19,0002011Assets 2012: $431,504Liabilities 2012: $21,200Net Assets 2012: $410,3042012Assets 2013: $477,913Liabilities 2013: $17,5002013Assets 2014: $516,996Liabilities 2014: $15,500Net Assets 2014: $501,4962014Assets 2015: $503,156Liabilities 2015: $13,500Net Assets 2015: $489,6562015Assets 2016: $577,063Liabilities 2016: $21,000Net Assets 2016: $556,0632016Assets 2017: $646,474Liabilities 2017: $16,800Net Assets 2017: $629,6742017Assets 2018: $528,334Liabilities 2018: $134,500Net Assets 2018: $393,8342018Assets 2019: $514,806Liabilities 2019: $160,900Net Assets 2019: $353,9062019Assets 2020: $0Liabilities 2020: $0Net Assets 2020: $02020

Highlighted filing

2018

Assets$528,334
Liabilities$134,500
Net Assets$393,834
Open 2018 Filing

Operations Trend

Revenue Growth92nd percentile

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$400K$200K$0-$200KRevenue 2011: $91,239Expenses 2011: $97,150Net Income 2011: -$5,9112011Revenue 2012: $101,347Expenses 2012: $100,266Net Income 2012: $1,0812012Revenue 2013: $85,350Expenses 2013: $89,231Net Income 2013: -$3,8812013Revenue 2014: $123,057Expenses 2014: $87,407Net Income 2014: $35,6502014Revenue 2015: $116,528Expenses 2015: $88,875Net Income 2015: $27,6532015Revenue 2016: $112,812Expenses 2016: $82,036Net Income 2016: $30,7762016Revenue 2017: $111,513Expenses 2017: $61,205Net Income 2017: $50,3082017Revenue 2018: $205,892Expenses 2018: $324,320Net Income 2018: -$118,4282018Revenue 2019: $311,327Expenses 2019: $361,757Net Income 2019: -$50,4302019Revenue 2020: $364,985Expenses 2020: $345,997Net Income 2020: $18,9882020

Highlighted filing

2018

Revenue$205,892
Expenses$324,320
Net Income-$118,428
Open 2018 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2018 to Dec 31, 2018
Signed
Nov 8, 2019
Return Version
2018v3.1
Gross Receipts
$268,308
Mission and Program Overview

Mission

To raise funds to provide financial support for community and educational services within the twinwest service area.

Civic, charitable, educational & cultural

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments in Publicly Traded Securities$595,475$498,476▼ $96,999
Rtn Earn Endowment Incm Other Fnds$595,767$393,834▼ $201,933
Accounts Receivable$1,071$16,000▲ $14,929
Savings and Temporary Cash Investments$23,721$13,858▼ $9,863
Pd in Cap Srpls Land Bldg Eqp Fund$0$0→ $0
Cap Stk Tr Prin Current Funds$0$0→ $0
Total Assets$620,267$528,334▼ $91,933
Liabilities
Other Liabilities$0$125,000▲ $125,000
Grants Payable$24,500$9,500▼ $15,000
Total Liabilities$24,500$134,500▲ $110,000
Net Assets / Fund Balance
Total Net Assets Fund Balance$595,767$393,834▼ $201,933
Total Liabilities and Net Assets / Fund Balance$620,267$528,334▼ $91,933
Compensation and Service Providers
Top Officer Pay93rd percentile

Employees

NameTitleFull / Part TimeOtherTotal
Shannon FullPresidentPT$132,900$132,900
Andrea FerstanVP Talent & WorkforceFT$85,000$85,000

Board Members and Trustees

NameTitle
Mark SpantonChair
Allie RikkeDirector
Amy WalstienDirector
Barbara McdonaldDirector
Bryan LindsleyDirector
Chris DuffyDirector
Erik AamothDirector
Jason LamontagneDirector
Keri StelleDirector
Luis Salado-herreraDirector
Michelle GatesDirector
Mike ChristensonDirector
Nate BrandenburgDirector
Rhoda Mhiripiri-reedDirector
Terri HoffmanDirector
Julie StewartTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$133,127
Program Service Revenue
$0
Investment Income
$72,765
Other Revenue
$0
All Other Contributions
$133,127
Change in Net Assets
$-118,428
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$300,320
Total Fundraising Expense$88,756
Grants and Similar Amounts Paid$24,000
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Fees for Services Other$59,576--$59,576
Grants to Domestic Individuals$24,000--$24,000
Fees for Services Accounting-$6,420-$6,420
Interest-$4,091-$4,091
Insurance-$500-$500
Office Expenses-$204-$204
Other Expenses$375$50$88,756$50
Total Functional Expenses$197,603$37,961$88,756$324,320
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
Yes

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
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Line of Credit$125,000
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
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
No
Other officer compensation reviewed
No
Conflict-of-interest policy
No
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 approved at the board level during one of their meetings each year.”

Form 990, Part VI, Section C, Line 19

“Governing documents, and financial statements are available to the public upon request.”

Filing and Contact Details

Filer

Filer Name
Twinwest Chamber Foundation
EIN
41-1435676
Phone
7634502220
Address
1600 UTICA AVE S 9TH FLOOR, ST LOUIS PARK, MN 55416

Signing Officer

Name
Shannon Full
Title
President
Phone
7634502220
Signed
2019-11-08

Organization Details

Principal Officer
Shannon Full
Formed
1982
Legal Domicile
Mn
Voting Board Members
18
Independent Board Members
16
Employees
0
Volunteers
16

Preparer

Firm
Smith Schafer & Associates Ltd
Address
7500 HIGHWAY 55 SUITE 350, MINNEAPOLIS, MN 55427
Preparer
Nathan Agre CPA
Phone
9529201455
Supplemental Narrative

Additional Explanations

Form 990, Part IX, Line 11G

“Educational advisors: program service expenses 59,576. Management and general expenses 0. Fundraising expenses 0. Total expenses 59,576.”

Page 10, Part IX, Line 24A

“A portion of the "allocation to chamber" expenses is to reimburse the chamber for 30% of the president's annual compensation. The percentage allocation is based upon the amount of time the president dedicates to talent initiatives on the foundation's behalf.”

Form 990, Page 1, Line 19, Current Year Column

“A decision was made by the foundation board to utilize reserve funds as seed capital to launch new talent initiatives which resulted in a higher amount of expenditures in excess of contributions for 2018.”

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IRS990/OtherExpensesGrp/ProgramServicesAmt1375
IRS990/OtherExpensesGrp/TotalAmt0228998
IRS990/OtherExpensesGrp/TotalAmt1375
IRS990/OtherExpensesGrp/TotalAmt2106
IRS990/OtherExpensesGrp/TotalAmt350
IRS990/OtherLiabilitiesGrp/BOYAmt00
IRS990/OtherLiabilitiesGrp/EOYAmt0125000
IRS990/PartialLiquidationInd00
IRS990/PdInCapSrplsLandBldgEqpFundGrp/BOYAmt00
IRS990/PdInCapSrplsLandBldgEqpFundGrp/EOYAmt00
IRS990/PoliticalCampaignActyInd00
IRS990/PrincipalOfficerNm0SHANNON FULL
IRS990/ProfessionalFundraisingInd01
IRS990/ProgSrvcAccomActy2Grp/Desc0OUR FOUNDATION HAD CONTRACTS WITH FOUR SCHOOL DISTRICTS - THIS INCLUDED WORKING DIRECTLY WITH THEM TO INCREASE EDUCATION, CONNECTIONS OF BUSINESS LEADERS INTO THE CLASSROOM AND TEACHER & STUDENTS OUT INTO THE BUSINESS ENVIRONMENT. THIS WAS AROUND CAREER EXPLORATION, INCREASE ACTIVITIES, BUILDING RELATIONSHIPS, DEVELOPING AND IMPLEMENTING NEW PROGRAMS WITH A GOAL OF IMPACTING 500+ STUDENTS.
IRS990/ProgSrvcAccomActy2Grp/ExpenseAmt0130132
IRS990/ProgSrvcAccomActy2Grp/RevenueAmt066580
IRS990/ProgSrvcAccomActyOtherGrp/ExpenseAmt018173
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt02418
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt032500
IRS990/PYInvestmentIncomeAmt030622
IRS990/PYOtherExpensesAmt028982
IRS990/PYOtherRevenueAmt00
IRS990/PYProgramServiceRevenueAmt00
IRS990/PYRevenuesLessExpensesAmt0-28442
IRS990/PYSalariesCompEmpBnftPaidAmt00
IRS990/PYTotalExpensesAmt061482
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt033040
IRS990/QuidProQuoContributionsInd00
IRS990/ReconcilationRevenueExpnssAmt0-118428
IRS990/RelatedEntityInd01
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd00
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd01
IRS990/ReportProgramRelatedInvstInd00
IRS990/RevenueAmt041241
IRS990/RtnEarnEndowmentIncmOthFndsGrp/BOYAmt0595767
IRS990/RtnEarnEndowmentIncmOthFndsGrp/EOYAmt0393834
IRS990/SavingsAndTempCashInvstGrp/BOYAmt023721
IRS990/SavingsAndTempCashInvstGrp/EOYAmt013858
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearAmt0133127
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus1YearAmt02418
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus2YearsAmt064415
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus3YearsAmt071481
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus4YearsAmt065084
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt0336525
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearAmt072765
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus1YearAmt024180
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus2YearsAmt047029
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus3YearsAmt027780
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus4YearsAmt037717
IRS990ScheduleA/GrossInvestmentIncome170Grp/TotalAmt0209471
IRS990ScheduleA/GrossReceiptsRltdActivitiesAmt029189
IRS990ScheduleA/PublicOrganization170Ind0X
IRS990ScheduleA/PublicSupportCY170Pct00.53800
IRS990ScheduleA/PublicSupportPY170Pct00.47550
IRS990ScheduleA/PublicSupportTotal170Amt0293760
IRS990ScheduleA/SubstantialContributorsTotAmt042765
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY170Ind0X
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearAmt0133127
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus1YearAmt02418
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus2YearsAmt064415
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus3YearsAmt071481
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus4YearsAmt065084
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt0336525
IRS990ScheduleA/TotalSupportAmt0545996
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/OtherLiabilitiesOrgGrp/Amt0125000
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0LINE OF CREDIT
IRS990ScheduleD/TotalBookValueLandBuildingsAmt00
IRS990ScheduleD/TotalLiabilityAmt0125000
IRS990ScheduleG/AgrmtProfFundraisingActyInd00
IRS990ScheduleG/EmailSolicitationsInd0X
IRS990ScheduleG/FundraiserActivityInfoGrp/ActivityTxt0FUNDRAISING
IRS990ScheduleG/FundraiserActivityInfoGrp/FundraiserControlOfFundsInd00
IRS990ScheduleG/FundraiserActivityInfoGrp/GrossReceiptsAmt014600
IRS990ScheduleG/FundraiserActivityInfoGrp/NetToOrganizationAmt0-6852
IRS990ScheduleG/FundraiserActivityInfoGrp/OrganizationBusinessName/BusinessNameLine1Txt0RESOURCE DEVELOPMENT GROUP
IRS990ScheduleG/FundraiserActivityInfoGrp/RetainedByContractorAmt021452
IRS990ScheduleG/FundraiserActivityInfoGrp/USAddress/AddressLine1Txt02841 WICKLIFFE ROAD
IRS990ScheduleG/FundraiserActivityInfoGrp/USAddress/CityNm0COLUMBUS
IRS990ScheduleG/FundraiserActivityInfoGrp/USAddress/StateAbbreviationCd0OH
IRS990ScheduleG/FundraiserActivityInfoGrp/USAddress/ZIPCd043221
IRS990ScheduleG/InPersonSolicitationsInd0X
IRS990ScheduleG/MailSolicitationsInd0X
IRS990ScheduleG/PhoneSolicitationsInd0X
IRS990ScheduleG/TotalGrossReceiptsAmt014600
IRS990ScheduleG/TotalNetToOrganizationAmt0-6852
IRS990ScheduleG/TotalRetainedByContractorsAmt021452
IRS990ScheduleI/GrantRecordsMaintainedInd01
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/CashGrantAmt024000
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/GrantTypeTxt0SCHOLARSHIPS FOR HIGHER EDUCATION
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/RecipientCnt021
IRS990/ScheduleJRequiredInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE 990 IS APPROVED AT THE BOARD LEVEL DURING ONE OF THEIR MEETINGS EACH YEAR.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1GOVERNING DOCUMENTS, AND FINANCIAL STATEMENTS ARE AVAILABLE TO THE PUBLIC UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2EDUCATIONAL ADVISORS: PROGRAM SERVICE EXPENSES 59,576. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 59,576.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3A PORTION OF THE "ALLOCATION TO CHAMBER" EXPENSES IS TO REIMBURSE THE CHAMBER FOR 30% OF THE PRESIDENT'S ANNUAL COMPENSATION. THE PERCENTAGE ALLOCATION IS BASED UPON THE AMOUNT OF TIME THE PRESIDENT DEDICATES TO TALENT INITIATIVES ON THE FOUNDATION'S BEHALF.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4A DECISION WAS MADE BY THE FOUNDATION BOARD TO UTILIZE RESERVE FUNDS AS SEED CAPITAL TO LAUNCH NEW TALENT INITIATIVES WHICH RESULTED IN A HIGHER AMOUNT OF EXPENDITURES IN EXCESS OF CONTRIBUTIONS FOR 2018.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART VI, SECTION B, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, SECTION C, LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PART IX, LINE 11G
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3PAGE 10, PART IX, LINE 24A
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PAGE 1, LINE 19, CURRENT YEAR COLUMN
IRS990ScheduleR/AssetExchangeInd00
IRS990ScheduleR/AssetPurchaseFromOtherOrgInd00
IRS990ScheduleR/AssetSaleToOtherOrgInd00
IRS990ScheduleR/DivRelatedOrganizationInd00
IRS990ScheduleR/GiftGrntCapContriFromOthOrgInd00
IRS990ScheduleR/GiftGrntOrCapContriToOthOrgInd00
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ControlledOrganizationInd00
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine1Txt0TWINWEST CHAMBER OF COMMERCE
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/EIN0411486761
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ExemptCodeSectionTxt0501(C)(6)
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/LegalDomicileStateCd0MN
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PrimaryActivitiesTxt0PROVIDES ITS MEMBERS OPPORTUNITIES TO GROW THEIR BUSINESSES
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/AddressLine1Txt010700 OLD COUNTY ROAD 15 SUITE 170

Document Assets

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Filings

Displayed year

2018 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$528,334
Liabilities
$134,500
Net assets
$393,834
Revenue
$205,892
Expenses
$324,320
Net income
-$118,428
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2020Detailed filing. Detailed filing data is available for this year.$0.00$0.00$0.00$3.65$3.46$0.19
2019Detailed filing. Detailed filing data is available for this year.$5.15$1.61$3.54$3.11$3.62$0.50
2018Detailed filing. Detailed filing data is available for this year.$5.28$1.35$3.94$2.06$3.24$1.18
2017Detailed filing. Detailed filing data is available for this year.$6.46$0.17$6.30$1.12$0.61$0.50
2016Detailed filing. Detailed filing data is available for this year.$5.77$0.21$5.56$1.13$0.82$0.31
2015Detailed filing. Detailed filing data is available for this year.$5.03$0.14$4.90$1.17$0.89$0.28
2014Summary only. Only limited summary data is available for this year.$5.17$0.16$5.01$1.23$0.87$0.36
2013Summary only. Only limited summary data is available for this year.$4.78$0.18$0.85$0.89$0.04
2012Summary only. Only limited summary data is available for this year.$4.32$0.21$4.10$1.01$1.00$0.01
2011Summary only. Only limited summary data is available for this year.$3.81$0.19$0.91$0.97$0.06