Liabilities / Assets
84th percentile
Higher debt load relative to assets than 84% of similar nonprofits.
Siviq Scores
Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.
0.56x
Liabilities / Revenue
88th percentile
Higher debt load relative to revenue than 88% of similar nonprofits.
Net Margin
48th percentile
Higher net margin than 48% of similar nonprofits.
Top Officer Pay
Score unavailable
This filing does not contain officer compensation rows.
Asset Growth
5th percentile
Faster asset growth than 5% of similar nonprofits.
Revenue Growth
Score unavailable
No earlier valid filing was available within the previous three public years.
Balance Sheet
Assets
Down$736,315
Down $397,791 (-35%) from 2012
Net Assets
Up$325,881
Up $10,477 (+3.3%) from 2012
Liabilities
Down$410,434
Down $408,268 (-50%) from 2012
Revenue And Expenses
Revenue
$460,753
No earlier filing loaded for comparison.
Expenses
Up$450,276
Up $9,681 (+2.2%) from 2012
Net Income
$10,477
No earlier filing loaded for comparison.
Historical Trend
Jump To
Filing Snapshot
- Filing Period
- Oct 1, 2012 to Sep 30, 2013
- Signed
- Aug 12, 2014
- Return Version
- 2012v2.1
- Gross Receipts
- $460,753
Mission and Program Overview
Mission
The organization's mission is to bring business and the community together to act on issues vital to the prosperity and long-term growth of the minnesota economy through its various programs.
Major Activities
- Activity 2
- The foundation began administering a new program in 2009 called get ready to grow, in collaboration with the pohlad family foundation. The pohlad family foundation has provided grant and low-interest loan funds to support private, small businesses throughout minnesota during the economic crisis. The purpose of the grants and loans are to preserve jobs or plan for business growth. Forty-nine businesses received grants and 37 businesses received low-interest loans in 2009. Follow up surveys and visits have been made to the grant and loan recipients to monitor the success of the program and to provide feedback to the pohlad family foundation. A majority of the loans have been paid in full.
- Activity 3
- The business resource center (www.mnbizconnect.com) program was started in 2007 to create, publicize and sustain a community-based business assistance and referral system. In 2009, business resource center became available statewide via an on-line database as well as by phone or email. In the past year, the site was searched over 1,000 times and the chamber assisted over 100 businesses directly. We continually update the site to find ways to connect business people with the resources they need as quickly as possible.
Filing and Contact Details
Filer
- EIN
- 41-1453093
Raw XML AppendixShowing 400 of 567 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.
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|---|---|---|
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| IRS990/AccountsReceivable/EOY | 0 | 1142 |
| IRS990/ActivitiesConductedPartnership | 0 | 0 |
| IRS990/Activity2/Description | 0 | THE FOUNDATION BEGAN ADMINISTERING A NEW PROGRAM IN 2009 CALLED GET READY TO GROW, IN COLLABORATION WITH THE POHLAD FAMILY FOUNDATION. THE POHLAD FAMILY FOUNDATION HAS PROVIDED GRANT AND LOW-INTEREST LOAN FUNDS TO SUPPORT PRIVATE, SMALL BUSINESSES THROUGHOUT MINNESOTA DURING THE ECONOMIC CRISIS. THE PURPOSE OF THE GRANTS AND LOANS ARE TO PRESERVE JOBS OR PLAN FOR BUSINESS GROWTH. FORTY-NINE BUSINESSES RECEIVED GRANTS AND 37 BUSINESSES RECEIVED LOW-INTEREST LOANS IN 2009. FOLLOW UP SURVEYS AND VISITS HAVE BEEN MADE TO THE GRANT AND LOAN RECIPIENTS TO MONITOR THE SUCCESS OF THE PROGRAM AND TO PROVIDE FEEDBACK TO THE POHLAD FAMILY FOUNDATION. A MAJORITY OF THE LOANS HAVE BEEN PAID IN FULL. |
| IRS990/Activity2/Expense | 0 | 119414 |
| IRS990/Activity3/Description | 0 | THE BUSINESS RESOURCE CENTER (WWW.MNBIZCONNECT.COM) PROGRAM WAS STARTED IN 2007 TO CREATE, PUBLICIZE AND SUSTAIN A COMMUNITY-BASED BUSINESS ASSISTANCE AND REFERRAL SYSTEM. IN 2009, BUSINESS RESOURCE CENTER BECAME AVAILABLE STATEWIDE VIA AN ON-LINE DATABASE AS WELL AS BY PHONE OR EMAIL. IN THE PAST YEAR, THE SITE WAS SEARCHED OVER 1,000 TIMES AND THE CHAMBER ASSISTED OVER 100 BUSINESSES DIRECTLY. WE CONTINUALLY UPDATE THE SITE TO FIND WAYS TO CONNECT BUSINESS PEOPLE WITH THE RESOURCES THEY NEED AS QUICKLY AS POSSIBLE. |
| IRS990/Activity3/Expense | 0 | 4002 |
| IRS990/ActivityOrMissionDescription | 0 | TO BRING BUSINESS AND THE COMMUNITY TOGETHER TO SUPPORT PROSPERITY AND GROWTH OF THE ECONOMY |
| IRS990/ActivityOther/Description | 0 | MINNESOTA BUSINESS GIVES IS A STATEWIDE COLLABORATION, IN PARTNERSHIP WITH LOCAL CHAMBERS OF COMMERCE. THE GOAL IS TO STRENGTHEN A STRONG TRADITION OF BUSINESS GIVING AND COMMUNITY INVOLVEMENT. THE PROGRAM IS DESIGNED TO MOTIVATE, EDUCATE, AND RECOGNIZE BUSINESSES THROUGHOUT THE STATE FOR THE VALUABLE CONTRIBUTIONS THEY MAKE TO THEIR LOCAL COMMUNITIES. MORE THAN 35 LOCAL CHAMBERS HAVE BEEN PARTNERS IN THE PROGRAM. MORE THAN 750 BUSINESS OWNERS, MANAGERS AND EMPLOYEES HAVE PARTICIPATED IN WORKSHOPS AND OVER 230 BUSINESSES HAVE BEEN RECOGNIZED FOR THEIR CONTRIBUTIONS. |
| IRS990/ActivityOther/Description | 1 | THE IMMIGRATION PROJECT IS THROUGH THE FOUNDATION. IT IS NOT AN ADVOCACY PIECE; IT LAYS OUT THE ECONOMIC CONTRIBUTIONS THAT IMMIGRANTS MAKE IN MINNESOTA THROUGH THE FRAMEWORK OF IMMIGRANT CAPITAL. BASICALLY IT ELABORATES ON THE IDEA THAT IMMIGRANTS ARE NOT ONLY VALUABLE TO MINNESOTA AS WORKERS, BUT ALSO FOR THEIR HIGH LEVELS OF ENTREPRENEURSHIP, THEIR BUYING POWER, SIGNIFICANT TAX PAYMENTS TO STATE AND LOCAL GOVERNMENTS, AND THE CULTURAL ASSETS AND GLOBAL NETWORKS THEY BRING TO THE STATE. IT MAKES USE OF A LOT OF RECENT CENSUS BUREAU DATA AND OTHER RECENT REPORTS FROM STATE AND NATIONAL RESEARCH AND POLICY GROUPS. THE REPORT WAS FUNDED THROUGH A GRANT FROM THE NORTHWEST AREA FOUNDATION FOR $10,000. PROFESSOR BRUCE CORRIE OF CONCORDIA UNIVERSITY WAS COMMISSIONED FOR THE RESEARCH; PROFESSOR BRUCE CORRIE AND SARAH RADOSERVICH ROUNDED OUT THE RESEARCH AND WROTE THE REPORT. |
| IRS990/ActivityOther/Description | 2 | BUSH FOUNDATION REDESIGN PROJECT WHICH FOCUSES ON LOCAL GOVERNMENT SERVICES REDESIGN. |
| IRS990/ActivityOther/Description | 3 | THE PURPOSE OF THE HIGHER EDUCATION WORK FORCE SUMMIT IS TO MAKE MINNESOTA THE SKILLED WORKFORCE STATE. MINNESOTA PUBLIC HIGHER EDUCATION STRENGTHS AND AREAS FOR IMPROVEMENT WERE DISCUSSED. A DISCUSSION WITH HIGHER EDUCATION AND BUSINESS LEADERS ON MEETING THE NEEDS OF STUDENT AND EMPLOYERS IN MINNESOTA'S EDUCATION DRIVEN ECONOMY. |
| IRS990/ActivityOther/Description | 4 | THE LOWRY CORRIDOR PROJECT WAS DESIGNED TO ENCOURAGE BUSINESSES TO CREATE CUSTOMER SERVICE CENTERS IN NORTH MINNEAPOLIS AND STAFF THEM WITH NEIGHBORHOOD RESIDENTS. |
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| IRS990/ActivityOther/Expense | 3 | 19091 |
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| IRS990/Description | 0 | LEADERSHIP MINNESOTA OFFERS THIRTY-FIVE SELECTED BUSINESS LEADERS EACH YEAR AN INSIDE LOOK AT MINNESOTA'S CHANGING ECONOMY AND THE ISSUES THAT WILL SHAPE ITS FUTURE. PARTICIPANTS ALSO LEARN HOW TO BECOME ENGAGED IN THE POLITICAL PROCESS AND HOW PUBLIC POLICY AFFECTS THE SUCCESS OF BUSINESS IN OUR STATE. FIVE TWO-DAY EDUCATIONAL SESSIONS ARE HELD FOR EACH GROUP OF PARTICIPANTS. IN OVER 12 YEARS, 400 BUSINESS LEADERS HAVE COMPLETED THE PROGRAM. |
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| IRS990/MissionDescription | 0 | THE ORGANIZATION'S MISSION IS TO BRING BUSINESS AND THE COMMUNITY TOGETHER TO ACT ON ISSUES VITAL TO THE PROSPERITY AND LONG-TERM GROWTH OF THE MINNESOTA ECONOMY THROUGH ITS VARIOUS PROGRAMS. |
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| IRS990ScheduleD/Form990ScheduleDPartXIII/Explanation | 0 | FIN 48 DISCLOSURE FROM REVIEWED FINANCIAL STATEMENTS: THE FOUNDATION IS EXEMPT FROM TAXATION UNDER SECTION 501 (C)(3) OF THE INTERNAL REVENUE CODE. ACCORDINGLY, NO PROVISION FOR INCOME TAXES IS INCLUDED IN THESE FINANCIAL STATEMENTS. THE FOUNDATION HAD NO TAX EXPENSE IN 2013 AND 2012. THE FOUNDATION REVIEWS INCOME TAX POSITIONS TAKEN OR EXPECTED TO BE TAKEN IN INCOME TAX RETURNS TO DETERMINE IF THERE ARE ANY INCOME TAX UNCERTAINTIES. THIS INCLUDES POSITIONS THAT THE ENTITY IS EXEMPT FROM INCOME TAXES OR NOT SUBJECT TO INCOME TAXES ON UNRELATED BUSINESS INCOME. THE FOUNDATION RECOGNIZES TAX BENEFITS FROM UNCERTAIN TAX POSITIONS ONLY IF IT IS MORE LIKELY THAN NOT THAT THE TAX POSITIONS WILL BE SUSTAINED ON EXAMINATION BY TAXING AUTHORITIES, BASED ON THE TECHNICAL MERITS OF THE POSITIONS. THE FOUNDATION HAS IDENTIFIED NO SIGNIFICANT INCOME TAX UNCERTAINTIES. THE FOUNDATION FILES INFORMATION RETURNS AS A TAX-EXEMPT ORGANIZATION. SHOULD THAT STATUS BE CHALLENGED IN THE FUTURE, ALL YEARS SINCE INCEPTION COULD BE SUBJECT TO REVIEW BY THE INTERNAL REVENUE SERVICE. THE FOUNDATION'S FEDERAL AND STATE INCOME TAX RETURNS ARE OPEN TO EXAMINATION FOR TAX YEARS 2010 THROUGH 2012. |
| IRS990ScheduleD/Form990ScheduleDPartXIII/Identifier | 0 | DESCRIPTION OF UNCERTAIN TAX POSITIONS UNDER FIN 48: |
| IRS990ScheduleD/Form990ScheduleDPartXIII/ReturnReference | 0 | PART X, LINE 2: |
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| IRS990ScheduleO/GeneralExplanation/Explanation | 0 | THE ORGANIZATION MADE CHANGES TO ITS BYLAWS TO CLARIFY WHO MAY BE DIRECTORS ON THE BOARD OF DIRECTORS. |
| IRS990ScheduleO/GeneralExplanation/Explanation | 1 | THE GOVERNING BODY OF THE ORGANIZATION IS APPOINTED BY THE MINNESOTA CHAMBER OF COMMERCE, A RELATED TAX-EXEMPT ORGANIZATION. |
| IRS990ScheduleO/GeneralExplanation/Explanation | 2 | THE BOARD OF DIRECTORS HAS ASSIGNED THE REVIEW PROCESS TO THE MINNESOTA CHAMBER FINANCE COMMITTEE. THE FINANCE COMMITTEE HOLDS A MEETING TO REVIEW THE 990 AND SUPPORTING SCHEDULES. |
| IRS990ScheduleO/GeneralExplanation/Explanation | 3 | ANNUALLY A CONFLICT OF INTEREST STATEMENT IS COLLECTED FROM ALL BOARD DIRECTORS AND STAFF MEMBERS. THE FINANCE COMMITTEE ANNUALLY REVIEWS THE CONFLICT OF INTEREST STATEMENTS AND DETERMINES IF THERE IS A CONFLICT AND IF ANY ACTION NEEDS TO BE TAKEN. ANY INDEPENDENCE ISSUES ARE REPORTED TO THE BOARD OF DIRECTORS. |
| IRS990ScheduleO/GeneralExplanation/Explanation | 4 | COMPENSATION OF TOP MANAGEMENT OFFICIALS IS DETERMINED BY THE COMPENSATION COMMITTEE OF THE MINNESOTA CHAMBER OF COMMERCE, A RELATED TAX- EXEMPT ORGANIZATION. COMPARABILITY STUDIES ARE USED IN DETERMINING COMPENSATION. |
| IRS990ScheduleO/GeneralExplanation/Explanation | 5 | THE ORGANIZATION MAKES IT GOVERNING DOCUMENTS, CONFLICT OR INTEREST POLICY, AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC UPON REQUEST. |
| IRS990ScheduleO/GeneralExplanation/Explanation | 6 | ALL OF THE ORGANIZATIONS BOARD MEMBERS ARE APPOINTED BY AND EMPLOYED BY THE MINNESOTA CHAMBER OF COMMERCE. THE BOARD MEMBERS WERE NOT COMPENSATED BY THE MINNESOTA CHAMBER FOUNDATION BUT RATHER AS EMPLOYEES OF THE RELATED MINNESOTA CHAMBER OF COMMERCE. |
| IRS990ScheduleO/GeneralExplanation/Explanation | 7 | CONSULTANTS: PROGRAM SERVICE EXPENSES 123,873. MANAGEMENT AND GENERAL EXPENSES 38,626. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 162,499. |
| IRS990ScheduleO/GeneralExplanation/Explanation | 8 | THIS PROCESS HAS NOT CHANGED FROM THE PRIOR YEAR. |
| IRS990ScheduleO/GeneralExplanation/Identifier | 0 | OTHER FEES |
| IRS990ScheduleO/GeneralExplanation/ReturnReference | 0 | FORM 990, PART VI, SECTION A, LINE 4 |
| IRS990ScheduleO/GeneralExplanation/ReturnReference | 1 | FORM 990, PART VI, SECTION A, LINE 7A |
| IRS990ScheduleO/GeneralExplanation/ReturnReference | 2 | FORM 990, PART VI, SECTION B, LINE 11 |
| IRS990ScheduleO/GeneralExplanation/ReturnReference | 3 | FORM 990, PART VI, SECTION B, LINE 12C |
| IRS990ScheduleO/GeneralExplanation/ReturnReference | 4 | FORM 990, PART VI, SECTION B, LINE 15 |
| IRS990ScheduleO/GeneralExplanation/ReturnReference | 5 | FORM 990, PART VI, SECTION C, LINE 19 |
| IRS990ScheduleO/GeneralExplanation/ReturnReference | 6 | FORM 990, PART VII |
| IRS990ScheduleO/GeneralExplanation/ReturnReference | 7 | FORM 990, PART IX, LINE 11G |
| IRS990ScheduleO/GeneralExplanation/ReturnReference | 8 | FORM 990, PART XII LINE 2C |
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| IRS990ScheduleR/Form990ScheduleRPartII/AddressUS/AddressLine1 | 1 | 400 ROBERT STREET NORTH 1500 |
| IRS990ScheduleR/Form990ScheduleRPartII/AddressUS/AddressLine1 | 2 | 400 ROBERT STREET NORTH 1500 |
| IRS990ScheduleR/Form990ScheduleRPartII/AddressUS/AddressLine1 | 3 | 400 ROBERT STREET NORTH 1500 |
| IRS990ScheduleR/Form990ScheduleRPartII/AddressUS/AddressLine1 | 4 | 400 ROBERT STREET NORTH 1500 |
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| IRS990ScheduleR/Form990ScheduleRPartII/AddressUS/City | 1 | ST PAUL |
| IRS990ScheduleR/Form990ScheduleRPartII/AddressUS/City | 2 | ST PAUL |
| IRS990ScheduleR/Form990ScheduleRPartII/AddressUS/City | 3 | ST PAUL |
| IRS990ScheduleR/Form990ScheduleRPartII/AddressUS/City | 4 | ST PAUL |
| IRS990ScheduleR/Form990ScheduleRPartII/AddressUS/State | 0 | MN |
| IRS990ScheduleR/Form990ScheduleRPartII/AddressUS/State | 1 | MN |
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| IRS990ScheduleR/Form990ScheduleRPartII/AddressUS/State | 3 | MN |
| IRS990ScheduleR/Form990ScheduleRPartII/AddressUS/State | 4 | MN |
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Document Assets
No mirrored PDF or thumbnail assets are attached yet.
Filings
Displayed year
2013 • Form 990Facts available. Structured filing facts are available, but richer extracted sections are limited.
- Assets
- $736,315
- Liabilities
- $410,434
- Net assets
- $325,881
- Revenue
- $460,753
- Expenses
- $450,276
- Net income
- $10,477