Civic Intelligence

Minnesota Chamber Foundation

990 • Fiscal year 2016 • EIN 41-1453093

Oct 01, 2015 to Sep 30, 2016 • Filed on May 05, 2017

Organization ProfileN/A
400 Robert Street North No 1500St Paul, MN 55101-4901

(651) 292-4650

Siviq Scores

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

Liabilities / Assets

69th percentile

0.18x

Higher debt load relative to assets than 69% of similar nonprofits.

2016 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2016

Liabilities / Revenue

73rd percentile

0.19x

Higher debt load relative to revenue than 73% of similar nonprofits.

2016 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2016

Net Margin

87th percentile

35%

Higher net margin than 87% of similar nonprofits.

2016 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2016

Top Officer Pay

99th percentile

$481,313

Higher top officer pay than 99% of similar nonprofits.

Top officer pay equals 77.9% of source-year revenue.

2016 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2016

Asset Growth

86th percentile

34%

Faster asset growth than 86% of similar nonprofits.

2016 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2015 to 2016

Revenue Growth

94th percentile

108%

Faster revenue growth than 94% of similar nonprofits.

2016 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2015 to 2016

Balance Sheet
Liabilities / Assets69th percentile

Assets

Up

$683,072

Up $174,312 (+34%) from 2015

Net Assets

Up

$563,450

Up $216,187 (+62%) from 2015

Liabilities

Down

$119,622

Down $41,875 (-26%) from 2015

Revenue And Expenses
Liabilities / Revenue73rd percentileNet Margin87th percentile

Revenue

Up

$617,962

Up $320,910 (+108%) from 2015

Expenses

Up

$401,775

Up $62,655 (+18%) from 2015

Net Income

Up

$216,187

Up $258,255 (+614%) from 2015

Historical Trend

Balance Sheet Trend

Asset Growth86th percentile

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

$2.0M$1.5M$1.0M$500K$0Assets 2011: $1,780,156Liabilities 2011: $1,375,014Net Assets 2011: $405,1422011Assets 2012: $1,134,106Liabilities 2012: $818,702Net Assets 2012: $315,4042012Assets 2013: $736,315Liabilities 2013: $410,434Net Assets 2013: $325,8812013Assets 2014: $608,202Liabilities 2014: $218,871Net Assets 2014: $389,3312014Assets 2015: $508,760Liabilities 2015: $161,497Net Assets 2015: $347,2632015Assets 2016: $683,072Liabilities 2016: $119,622Net Assets 2016: $563,4502016Assets 2017: $676,584Liabilities 2017: $250,023Net Assets 2017: $426,5612017Assets 2018: $801,345Liabilities 2018: $305,554Net Assets 2018: $495,7912018Assets 2019: $779,476Liabilities 2019: $310,735Net Assets 2019: $468,7412019Assets 2020: $918,016Liabilities 2020: $294,641Net Assets 2020: $623,3752020Assets 2021: $816,890Liabilities 2021: $202,471Net Assets 2021: $614,4192021Assets 2022: $743,764Liabilities 2022: $156,778Net Assets 2022: $586,9862022Assets 2023: $971,066Liabilities 2023: $233,040Net Assets 2023: $738,0262023Assets 2024: $879,691Liabilities 2024: $195,365Net Assets 2024: $684,3262024

Highlighted filing

2016

Assets$683,072
Liabilities$119,622
Net Assets$563,450
Open 2016 Filing

Operations Trend

Revenue Growth94th percentile

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

$2.0M$1.5M$1.0M$500K$0-$500KExpenses 2011: $496,3532011Expenses 2012: $440,5952012Revenue 2013: $460,753Expenses 2013: $450,276Net Income 2013: $10,4772013Revenue 2014: $272,712Expenses 2014: $209,262Net Income 2014: $63,4502014Revenue 2015: $297,052Expenses 2015: $339,120Net Income 2015: -$42,0682015Revenue 2016: $617,962Expenses 2016: $401,775Net Income 2016: $216,1872016Revenue 2017: $346,012Expenses 2017: $482,901Net Income 2017: -$136,8892017Revenue 2018: $1,103,143Expenses 2018: $1,033,913Net Income 2018: $69,2302018Revenue 2019: $1,523,847Expenses 2019: $1,550,897Net Income 2019: -$27,0502019Revenue 2020: $1,052,369Expenses 2020: $897,735Net Income 2020: $154,6342020Revenue 2021: $942,056Expenses 2021: $951,012Net Income 2021: -$8,9562021Revenue 2022: $930,141Expenses 2022: $957,574Net Income 2022: -$27,4332022Revenue 2023: $1,220,735Expenses 2023: $1,069,695Net Income 2023: $151,0402023Revenue 2024: $1,351,042Expenses 2024: $1,404,742Net Income 2024: -$53,7002024

Highlighted filing

2016

Revenue$617,962
Expenses$401,775
Net Income$216,187
Open 2016 Filing
Jump To
Filing Snapshot
Filing Period
Oct 1, 2015 to Sep 30, 2016
Signed
May 5, 2017
Return Version
2015v3.0
Gross Receipts
$617,962
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.

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.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$419,903$648,764▲ $228,861
Other Notes and Loans Receivable, Net$68,118$25,936▼ $42,182
Accounts Receivable$16,210$7,960▼ $8,250
Prepaid Expenses and Deferred Charges$3,500$0▼ $3,500
Land, Buildings, and Equipment, Net$1,029$412▼ $617
Total Assets$508,760$683,072▲ $174,312
Liabilities
Deferred Revenue$112,343$106,260▼ $6,083
Accounts Payable and Accrued Expenses$13,787$11,028▼ $2,759
Unsecured Notes Loans Payable$35,367$2,334▼ $33,033
Total Liabilities$161,497$119,622▼ $41,875
Net Assets / Fund Balance
Temporarily Rstr Net Assets$290,278$512,737▲ $222,459
Unrestricted Net Assets$56,985$50,713▼ $6,272
Total Net Assets Fund Balance$347,263$563,450▲ $216,187
Total Liabilities and Net Assets / Fund Balance$508,760$683,072▲ $174,312

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$412$5,880$6,292
Compensation and Service Providers
Top Officer Pay99th percentile

Employees

NameTitleOtherTotal
Mary BethkeMcc Director$136,791$136,791
Annette KojetinSec/treasurer/mcc Director of Finance$121,586$121,586
Bentley GravesMcc Director$120,402$120,402
Jennifer MunyerVice Chair/mcc Vice President$89,525$89,525

Board Members and Trustees

NameTitle
Doug LoonMcc President
William BlazarChair/mcc Sr. Vice President
Jennifer ByersExecutive Dir/mcc Vice President
Laura BordelonMcc Sr. Vice President
Revenue and Support

Revenue Composition

Contributions and Grants
$512,628
Program Service Revenue
$99,325
Investment Income
$6,009
Other Revenue
$0
All Other Contributions
$512,628
Change in Net Assets
$216,187

Audited Revenue Reconciliation

Revenue per Audited Statements
$617,962
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$0
Total Revenue per Audited Statements
$617,962
Total Revenue per Form 990
$617,962
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$145,847
Grants and Similar Amounts Paid$136,169
Salaries, Compensation, and Employee Benefits$119,759
Total Fundraising Expense$2,422
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Orgs$136,169--$136,169
Other Salaries and Wages$91,409$25,968$2,382$119,759
Travel$51,392--$51,392
Conferences and Meetings$35,371$127-$35,498
Fees for Services Accounting-$6,500-$6,500
Office Expenses$3,126$253$15$3,394
Other Expenses$3,000$5,072-$3,000
Occupancy$661$516$25$1,202
Depreciation Depletion-$617-$617
Total Functional Expenses$360,300$39,053$2,422$401,775

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$401,775
Total Expenses per Audited Statements$401,775
Total Expenses per Form 990$401,775
Expenses Not Reported on Financial Statements$0
Expenses Not Reported on Form 990$0
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
Minnesota State University Mankato Foundation IncMankato, MN501(c)(3)Establishment of a Scholarship Fund$25,000
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
Yes
Annual disclosure for covered persons
Yes
Audit committee
Yes
Backup withholding compliance
Yes
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
Yes
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 A, Line 7A

“The governing body of the organization is appointed by the minnesota chamber of commerce, a related tax-exempt organization.”

Form 990, Part VI, Section B, Line 11

“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.”

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

“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.”

Form 990, Part VI, Section B, Line 15

“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.”

Form 990, Part VI, Section C, Line 19

“The organization makes it governing documents, conflict or interest policy, and financial statements available to the public upon request.”

Filing and Contact Details

Filer

Filer Name
Minnesota Chamber Foundation
EIN
41-1453093
Phone
6512924650
Address
400 ROBERT STREET NORTH NO 1500, ST PAUL, MN 55101-4901

Signing Officer

Name
Doug Loon
Title
Mcc President
Phone
6512924650
Signed
2017-05-05
Discuss with paid preparer
Yes

Organization Details

Principal Officer
William Blazar
Formed
1983
Legal Domicile
Mn
Voting Board Members
4
Independent Board Members
0
Employees
0
Volunteers
8

Preparer

Firm
Olsen Thielen & Co Ltd
Address
2675 LONG LAKE ROAD, ST PAUL, MN 55113
Preparer
Linda M Nelson CPA
Phone
6514834521
Supplemental Narrative

Additional Explanations

Form 990, Part XII Line 2C

“This process has not changed from the prior year.”

Financial Statement Notes

PART X, LINE 2:

“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 2016 and 2015. 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.”

Raw XML AppendixShowing 400 of 627 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
IRS990/AccountantCompileOrReviewInd01
IRS990/AccountsPayableAccrExpnssGrp/BOYAmt013787
IRS990/AccountsPayableAccrExpnssGrp/EOYAmt011028
IRS990/AccountsReceivableGrp/BOYAmt016210
IRS990/AccountsReceivableGrp/EOYAmt07960
IRS990/AcctCompileOrReviewBasisGrp/SeparateBasisFinclStmtInd0X
IRS990/ActivitiesConductedPrtshpInd00
IRS990/ActivityOrMissionDesc0TO 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.
IRS990/AllOtherContributionsAmt0512628
IRS990/AnnualDisclosureCoveredPrsnInd01
IRS990/AuditCommitteeInd01
IRS990/BackupWthldComplianceInd01
IRS990/BooksInCareOfDetail/PersonNm0ANNETTE KOJETIN
IRS990/BooksInCareOfDetail/PhoneNum06512924650
IRS990/BooksInCareOfDetail/USAddress/AddressLine1Txt0400 ROBERT STREET NORTH NO 1500
IRS990/BooksInCareOfDetail/USAddress/CityNm0ST PAUL
IRS990/BooksInCareOfDetail/USAddress/StateAbbreviationCd0MN
IRS990/BooksInCareOfDetail/USAddress/ZIPCd0551014901
IRS990/BusinessRlnWithFamMemInd00
IRS990/BusinessRlnWithOfficerEntInd00
IRS990/BusinessRlnWithOrgMemInd00
IRS990/CashNonInterestBearingGrp/BOYAmt0419903
IRS990/CashNonInterestBearingGrp/EOYAmt0648764
IRS990/ChangeToOrgDocumentsInd00
IRS990/CntrctRcvdGreaterThan100KCnt00
IRS990/CollectionsOfArtInd00
IRS990/CompensationFromOtherSrcsInd00
IRS990/CompensationProcessCEOInd01
IRS990/CompensationProcessOtherInd01
IRS990/ConferencesMeetingsGrp/ManagementAndGeneralAmt0127
IRS990/ConferencesMeetingsGrp/ProgramServicesAmt035371
IRS990/ConferencesMeetingsGrp/TotalAmt035498
IRS990/ConflictOfInterestPolicyInd01
IRS990/ConservationEasementsInd00
IRS990/ConsolidatedAuditFinclStmtInd00
IRS990/CreditCounselingInd00
IRS990/CYBenefitsPaidToMembersAmt00
IRS990/CYContributionsGrantsAmt0512628
IRS990/CYGrantsAndSimilarPaidAmt0136169
IRS990/CYInvestmentIncomeAmt06009
IRS990/CYOtherExpensesAmt0145847
IRS990/CYOtherRevenueAmt00
IRS990/CYProgramServiceRevenueAmt099325
IRS990/CYRevenuesLessExpensesAmt0216187
IRS990/CYSalariesCompEmpBnftPaidAmt0119759
IRS990/CYTotalExpensesAmt0401775
IRS990/CYTotalFundraisingExpenseAmt02422
IRS990/CYTotalProfFndrsngExpnsAmt00
IRS990/CYTotalRevenueAmt0617962
IRS990/DecisionsSubjectToApprovaInd00
IRS990/DeductibleArtContributionInd00
IRS990/DeductibleNonCashContriInd00
IRS990/DeferredRevenueGrp/BOYAmt0112343
IRS990/DeferredRevenueGrp/EOYAmt0106260
IRS990/DelegationOfMgmtDutiesInd00
IRS990/DepreciationDepletionGrp/ManagementAndGeneralAmt0617
IRS990/DepreciationDepletionGrp/TotalAmt0617
IRS990/Desc0LEADERSHIP MINNESOTAWE ARE CURRENTLY IN THE 16TH YEAR OF OFFERING LEADERSHIP MINNESOTA TO OUR MEMBERSHIP. LEADERSHIP MINNESOTA SERVES TO ENHANCE THE UNDERSTANDING OF THE STATE'S ECONOMY AND THE ROLE OF PUBLIC POLICY FOR MINNESOTA'S BUSINESS LEADERS. THIRTY FIVE PARTICIPANTS FROM VARIOUS PARTS OF MINNESOTA WILL TRAVEL ACROSS THE STATE WITH THE GOAL OF INCREASING THEIR UNDERSTANDING OF WHAT DRIVES MINNESOTA'S ECONOMY AND HOW PUBLIC POLICY AFFECTS THE SUCCESS OF BUSINESS IN OUR STATE. THEY WILL TOUR VARIOUS COMPANIES AND TALK DIRECTLY WITH INDUSTRY AND COMPANY LEADERS ABOUT THEIR ECONOMIC IMPACT TO OUR STATE, THEIR CHALLENGES, OPPORTUNITIES AND FUTURE PLANS. THE 2017-2018 GROUP WILL BE SELECTED IN APRIL AND WILL BEGIN IN SEPTEMBER IN MANKATO. THEY ALSO WILL TRAVEL UP NORTH TO THE IRON RANGE, DOWN SOUTH TO THE AUSTIN AREA AND TWO SESSIONS IN THE TWIN CITIES WITH THE FINAL ONE IN ST. PAUL WITH A FOCUS ON POLICY AND OUR STATE'S ECONOMY. AN ALUMNI EVENT IS HELD ONCE A YEAR IN A PART OF THE STATE THAT WAS NOT PART OF THE INITIAL PROGRAM YEAR FOR PARTICIPANTS. THIS YEAR'S EVENT WILL BE HELD IN ST. CLOUD ON APRIL 27, 2017. ALUMNI OF THIS PROGRAM HAVE PROVEN TO BE OUR FUTURE VOLUNTEER LEADERSHIP AND ACTIVE SUPPORTERS OF THIS ORGANIZATION.
IRS990/DescribedInSection501c3Ind01
IRS990/DisregardedEntityInd00
IRS990/DocumentRetentionPolicyInd01
IRS990/DonorAdvisedFundInd00
IRS990/ElectionOfBoardMembersInd01
IRS990/EmployeeCnt00
IRS990/EngagedInExcessBenefitTransInd00
IRS990/ExpenseAmt0150588
IRS990/FamilyOrBusinessRlnInd00
IRS990/FederalGrantAuditRequiredInd00
IRS990/FeesForServicesAccountingGrp/ManagementAndGeneralAmt06500
IRS990/FeesForServicesAccountingGrp/TotalAmt06500
IRS990/ForeignActivitiesInd00
IRS990/ForeignFinancialAccountInd00
IRS990/ForeignOfficeInd00
IRS990/Form8282PropertyDisposedOfInd00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt040.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt140.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt240.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt340.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt440.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt540.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt640.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt740.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt01.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt11.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt21.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt31.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt40.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt50.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt60.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt70.00
IRS990/Form990PartVIISectionAGrp/HighestCompensatedEmployeeInd0X
IRS990/Form990PartVIISectionAGrp/HighestCompensatedEmployeeInd1X
IRS990/Form990PartVIISectionAGrp/HighestCompensatedEmployeeInd2X
IRS990/Form990PartVIISectionAGrp/HighestCompensatedEmployeeInd3X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd0X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd1X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd2X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd3X
IRS990/Form990PartVIISectionAGrp/OfficerInd0X
IRS990/Form990PartVIISectionAGrp/OfficerInd1X
IRS990/Form990PartVIISectionAGrp/OfficerInd2X
IRS990/Form990PartVIISectionAGrp/OfficerInd3X
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt030869
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt16488
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt215477
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt35893
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt43095
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt511532
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt620595
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt712634
IRS990/Form990PartVIISectionAGrp/PersonNm0WILLIAM BLAZAR
IRS990/Form990PartVIISectionAGrp/PersonNm1JENNIFER MUNYER
IRS990/Form990PartVIISectionAGrp/PersonNm2ANNETTE KOJETIN
IRS990/Form990PartVIISectionAGrp/PersonNm3JENNIFER BYERS
IRS990/Form990PartVIISectionAGrp/PersonNm4DOUG LOON
IRS990/Form990PartVIISectionAGrp/PersonNm5BENTLEY GRAVES
IRS990/Form990PartVIISectionAGrp/PersonNm6LAURA BORDELON
IRS990/Form990PartVIISectionAGrp/PersonNm7MARY BETHKE
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt00
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt10
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt20
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt30
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt40
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt50
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt60
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt70
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt0450444
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt183037
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt2106109
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt3148264
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt4146911
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt5108870
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt6223288
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt7124157
IRS990/Form990PartVIISectionAGrp/TitleTxt0CHAIR/MCC SR. VICE PRESIDENT
IRS990/Form990PartVIISectionAGrp/TitleTxt1VICE CHAIR/MCC VICE PRESIDENT
IRS990/Form990PartVIISectionAGrp/TitleTxt2SEC/TREASURER/MCC DIR OF FINANCE
IRS990/Form990PartVIISectionAGrp/TitleTxt3EXECUTIVE DIR/MCC VICE PRESIDENT
IRS990/Form990PartVIISectionAGrp/TitleTxt4MCC PRESIDENT
IRS990/Form990PartVIISectionAGrp/TitleTxt5MCC DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt6MCC SR. VICE PRESIDENT
IRS990/Form990PartVIISectionAGrp/TitleTxt7MCC DIRECTOR
IRS990/Form990ProvidedToGvrnBodyInd01
IRS990/FormationYr01983
IRS990/FormerOfcrEmployeesListedInd00
IRS990/FSAuditedInd00
IRS990/FundraisingActivitiesInd00
IRS990/GamingActivitiesInd00
IRS990/GoverningBodyVotingMembersCnt04
IRS990/GrantAmt025000
IRS990/GrantsToDomesticOrgsGrp/ProgramServicesAmt0136169
IRS990/GrantsToDomesticOrgsGrp/TotalAmt0136169
IRS990/GrantsToIndividualsInd00
IRS990/GrantsToOrganizationsInd01
IRS990/GrantToRelatedPersonInd00
IRS990/GrossReceiptsAmt0617962
IRS990/GroupReturnForAffiliatesInd00
IRS990/IncludeFIN48FootnoteInd01
IRS990/IndependentAuditFinclStmtInd00
IRS990/IndependentVotingMemberCnt00
IRS990/IndivRcvdGreaterThan100KCnt00
IRS990/IndoorTanningServicesInd00
IRS990/InfoInScheduleOPartIIIInd0X
IRS990/InfoInScheduleOPartVIInd0X
IRS990/InfoInScheduleOPartXIIInd0X
IRS990/InvestmentIncomeGrp/ExclusionAmt06009
IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt06009
IRS990/InvestmentInJointVentureInd00
IRS990/IRPDocumentCnt016
IRS990/IRPDocumentW2GCnt00
IRS990/LandBldgEquipAccumDeprecAmt05880
IRS990/LandBldgEquipBasisNetGrp/BOYAmt01029
IRS990/LandBldgEquipBasisNetGrp/EOYAmt0412
IRS990/LandBldgEquipCostOrOtherBssAmt06292
IRS990/LegalDomicileStateCd0MN
IRS990/LoanOutstandingInd00
IRS990/LobbyingActivitiesInd00
IRS990/LocalChaptersInd00
IRS990/MaterialDiversionOrMisuseInd00
IRS990/MembersOrStockholdersInd00
IRS990/MethodOfAccountingAccrualInd0X
IRS990/MinutesOfCommitteesInd01
IRS990/MinutesOfGoverningBodyInd01
IRS990/MissionDesc0THE 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.
IRS990/MoreThan5000KToIndividualsInd00
IRS990/MoreThan5000KToOrgInd00
IRS990/NetAssetsOrFundBalancesBOYAmt0347263
IRS990/NetAssetsOrFundBalancesEOYAmt0563450
IRS990/NetUnrelatedBusTxblIncmAmt00
IRS990/NondeductibleContributionsInd00
IRS990/OccupancyGrp/FundraisingAmt025
IRS990/OccupancyGrp/ManagementAndGeneralAmt0516
IRS990/OccupancyGrp/ProgramServicesAmt0661
IRS990/OccupancyGrp/TotalAmt01202
IRS990/OfficeExpensesGrp/FundraisingAmt015
IRS990/OfficeExpensesGrp/ManagementAndGeneralAmt0253
IRS990/OfficeExpensesGrp/ProgramServicesAmt03126
IRS990/OfficeExpensesGrp/TotalAmt03394
IRS990/OfficerMailingAddressInd00
IRS990/OperateHospitalInd00
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsSFAS117Ind0X
IRS990/OtherChangesInNetAssetsAmt00
IRS990/OtherExpensesGrp/Desc0MISCELLANEOUS
IRS990/OtherExpensesGrp/Desc1ALUMNI EVENT
IRS990/OtherExpensesGrp/Desc2IMMIGRATION FORUM
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt05072
IRS990/OtherExpensesGrp/ProgramServicesAmt030937
IRS990/OtherExpensesGrp/ProgramServicesAmt18235
IRS990/OtherExpensesGrp/ProgramServicesAmt23000
IRS990/OtherExpensesGrp/TotalAmt036009
IRS990/OtherExpensesGrp/TotalAmt18235
IRS990/OtherExpensesGrp/TotalAmt23000
IRS990/OtherSalariesAndWagesGrp/FundraisingAmt02382
IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt025968
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt091409
IRS990/OtherSalariesAndWagesGrp/TotalAmt0119759
IRS990/OthNotesLoansReceivableNetGrp/BOYAmt068118
IRS990/OthNotesLoansReceivableNetGrp/EOYAmt025936
IRS990/PartialLiquidationInd00
IRS990/PayPremiumsPrsnlBnftCntrctInd00
IRS990/PoliticalCampaignActyInd00
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt03500
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt00
IRS990/PrincipalOfficerNm0WILLIAM BLAZAR
IRS990/ProfessionalFundraisingInd00
IRS990/ProgramServiceRevenueGrp/BusinessCd0561499
IRS990/ProgramServiceRevenueGrp/BusinessCd1900099
IRS990/ProgramServiceRevenueGrp/Desc0TUITION
IRS990/ProgramServiceRevenueGrp/Desc1ALUMNI EVENT
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt088750
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt110575
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt088750
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt110575
IRS990/ProgSrvcAccomActy2Grp/Desc0THE BUSINESS ENVIRONMENTAL SUSTAINABILITY FINANCE PROGRAM (BESFP) IS A GRANT PROGRAM OF THE MINNESOTA CHAMBER OF COMMERCE. THE PURPOSE OF THE BESFP GRANT PROGRAM IS TO MOTIVATE BUSINESS OWNERS TO COMPLETE ENERGY EFFICIENCY OR WASTE REDUCTION PROJECTS THAT WOULD OTHERWISE NOT GET DONE WITHOUT A BESFP GRANT. GRANTS OF UP TO $3,000 MAY BE AVAILABLE FOR PRE-QUALIFIED ENERGY EFFICIENCY AND WASTE MANAGEMENT PROJECTS. BESFP GRANT PROGRAM PARTICIPANTS WORK CLOSELY WITH ENERGY SMART OR WASTE WISE STAFF TO IDENTIFY PROJECTS THAT MAY QUALIFY FOR A GRANT. ELIGIBLE PROJECTS INCLUDE ENERGY EFFICIENCY PROJECTS THAT RECEIVE AN ENERGY UTILITY REBATE AND WASTE PROJECTS WHICH RESULT IN QUANTIFIABLE WASTE DIVERSION (WASTE KEPT OUT OF THE MUNICIPAL SOLID WASTE STREAM). NO MORE THAN ONE GRANT PER BUSINESS (OR BUSINESS LOCATION) PER CALENDAR YEAR, OR FOR ONE 12-MONTH PERIOD, WILL BE GIVEN. PRIORITY IS GIVEN TO BUSINESSES THAT HAVE NOT RECEIVED A BESFP GRANT AT ANY TIME IN THE PAST.
IRS990/ProgSrvcAccomActy2Grp/ExpenseAmt0111169
IRS990/ProgSrvcAccomActy2Grp/GrantAmt0111169
IRS990/ProgSrvcAccomActy2Grp/RevenueAmt00
IRS990/ProgSrvcAccomActy3Grp/Desc0WORKFORCE HAS ALWAYS BEEN ONE OF MINNESOTA'S KEY STRENGTHS AND A KEY TO THE STATE'S ECONOMIC SUCCESS. HOWEVER, BUSINESSES IN THE REGION ARE EXPERIENCING A TIGHT LABOR MARKET-MANY ARE REPORTING RECRUITMENT DIFFICULTY. FOR MN TO CONTINUE TO HAVE THE WORLD-CLASS SKILLED WORKFORCE THAT IS A CORNERSTONE OF OUR COMPETITIVE BUSINESS CLIMATE, REFORMS MUST BE IMPLEMENTED TO RAISE THE ACHIEVEMENT OF ALL STUDENTS, ENSURING THAT EVERY STUDENT GRADUATES READY FOR THE WORKPLACE OR FOR POSTSECONDARY EDUCATION. THEREFORE, THE MINNESOTA CHAMBER OF COMMERCE HAS A PROGRAM, BUSINESS EDUCATION NETWORKS, TO NARROW THE WORKFORCE SKILLS GAP BY BETTER CONNECTING EMPLOYERS WITH HIGH SCHOOL AND COLLEGE STUDENTS, AND WITH HIGHER EDUCATION AND WORKFORCE TRAINING SYSTEMS. OUR GOAL IS TO ENSURE THAT EMPLOYERS HAVE READY ACCESS TO DYNAMIC AND HIGHLY SKILLED WORKERS THEY WANT TO EMPLOY, AND TO MAKE CERTAIN THAT STUDENTS FROM ALL BACKGROUNDS COMPLETE DEGREE AND CERTIFICATE PROGRAMS IN AREAS WHERE THEY WILL HAVE MEANINGFUL EMPLOYMENT OPPORTUNITIES.THE BUSINESS EDUCATION NETWORKS PROGRAM CONNECTS BUSINESSES AND LOCAL CHAMBERS OF COMMERCE WITH STUDENTS, EDUCATION INSTITUTIONS AND WORKFORCE TRAINING PROGRAMS SO WORKFORCE NEEDS ARE CLEARLY AND REGULARLY ARTICULATED. AS A RESULT, THESE PROGRAMS WILL BE MORE CLOSELY ALIGNED WITH THE CHANGING NEEDS OF THE ECONOMY. THE PROGRAM ALSO ASSISTS EMPLOYERS IN ACCESSING AND NAVIGATING INTERNSHIP, MENTORSHIP AND ON-THE-JOB TRAINING PROGRAMS TO MEET THEIR DISTINCTIVE NEEDS.THE BUSINESS EDUCATION NETWORKS PROGRAM WAS LAUNCHED IN PARTNERSHIP WITH THE WINONA AREA CHAMBER OF COMMERCE. WINONA HAS 100-PLUS MANUFACTURERS, MANY IN NEED OF WORKERS. THE PROGRAM IS EXPANDING TO THE BRAINERD AREA IN THE HOSPITALITY SECTOR.
IRS990/ProgSrvcAccomActy3Grp/ExpenseAmt065745
IRS990/ProgSrvcAccomActy3Grp/GrantAmt00
IRS990/ProgSrvcAccomActy3Grp/RevenueAmt00
IRS990/ProgSrvcAccomActyOtherGrp/Desc0HIRING VETS INITIATIVE WORKS ONE-ON-ONE WITH MINNESOTA EMPLOYERS TO DEVELOP AND IMPLEMENT VETERANS HIRING PROGRAMS. IT'S A WIN-WIN PROPOSITION FOR BUSINESSES AND VETERANS. EMPLOYERS HAVE ANOTHER AVENUE TO HIRE THE QUALIFIED WORKERS THEY NEED. THIS INITIATIVE ALSO HELPS TO SHRINK THE DISPARITY BETWEEN THE UNEMPLOYMENT RATES FOR THE GENERAL POPULATION AND VETERANS, AND PARTICULARLY FOR VETERANS WHO SERVED IN IRAQ AND AFGHANISTAN.
IRS990/ProgSrvcAccomActyOtherGrp/Desc1THE 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/ProgSrvcAccomActyOtherGrp/Desc2LEADERS LABLEADERS LAB HAS CONCLUDED TWO YEARS OF THE PROGRAM WITH OVER 50 ALUMNI. THE THIRD GROUP WILL KICK OFF IN APRIL 2017. THE PROGRAM IS MODELED AFTER LEADERSHIP MINNESOTA BUT TARGETS DEVELOPING BUSINESS LEADERS APPROXIMATELY 25 TO 35 YEARS OLD. LEADERS LAB WILL TAKE 35 DEVELOPING BUSINESS LEADERS ON 4 SESSIONS WITH AN OVERNIGHT AT THE FIRST AND FINAL SESSION. LIKE LEADERSHIP MINNESOTA, EACH SESSION WILL INCLUDE OPPORTUNITIES TO TOUR AND LEARN MORE ABOUT INDUSTRIES THAT DRIVE MINNESOTA'S ECONOMY AND HOW PUBLIC POLICY AFFECTS THE SUCCESS OF BUSINESS IN OUR STATE. THE FEEDBACK FROM THE FIRST TWO YEARS WAS TO INCORPORATE EVEN MORE "LEADERSHIP LESSONS AND POLICY DISCUSSIONS BUT CONTINUE THE EXCLUSIVE OPPORTUNITIES TO TOUR AND TALK WITH OUR STATE'S LEADING INDUSTRIES. OUR HOPE IS TO KICK OUT 35 MORE EDUCATED BUSINESS LEADERS EACH YEAR ALSO WITH THE UNDERSTANDING OF WHY THEY SHOULD HAVE A VOICE IN THE POLICY PROCESS. IN ADDITION, THERE IS A PHILANTHROPIC AND MENTORSHIP COMPONENT TO THIS PROGRAM.
IRS990/ProgSrvcAccomActyOtherGrp/ExpenseAmt04124
IRS990/ProgSrvcAccomActyOtherGrp/ExpenseAmt14681
IRS990/ProgSrvcAccomActyOtherGrp/ExpenseAmt223993
IRS990/ProgSrvcAccomActyOtherGrp/GrantAmt00
IRS990/ProgSrvcAccomActyOtherGrp/GrantAmt10
IRS990/ProgSrvcAccomActyOtherGrp/GrantAmt20
IRS990/ProgSrvcAccomActyOtherGrp/RevenueAmt00
IRS990/ProgSrvcAccomActyOtherGrp/RevenueAmt10
IRS990/ProgSrvcAccomActyOtherGrp/RevenueAmt20
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt0203908
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt073496
IRS990/PYInvestmentIncomeAmt01615
IRS990/PYOtherExpensesAmt0124724
IRS990/PYOtherRevenueAmt00
IRS990/PYProgramServiceRevenueAmt091529
IRS990/PYRevenuesLessExpensesAmt0-42068
IRS990/PYSalariesCompEmpBnftPaidAmt0140900
IRS990/PYTotalExpensesAmt0339120
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt0297052
IRS990/QuidProQuoContributionsInd00
IRS990/RcvFndsToPayPrsnlBnftCntrctInd00
IRS990/ReconcilationRevenueExpnssAmt0216187
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd01
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd00
IRS990/ReportProgramRelatedInvstInd00
IRS990/RevenueAmt099325
IRS990ScheduleA/Form990SchASupportingOrgGrp/Contribution35ControlledInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/ContributionControllerInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/ContributionFamilyInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/ControlledDisqualifiedPrsnInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/DisqualifiedPrsnControllIntInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/DisqualifiedPrsnOwnrIntInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/ExcessBusinessHoldingsRulesInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/ListedByNameGoverningDocInd01
IRS990ScheduleA/Form990SchASupportingOrgGrp/LoanDisqualifiedPersonInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/OrganizationChangeSuprtOrgInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/PaymentSubstantialContribtrInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/SupportedOrgNotOrganizedUSInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/SupportedOrgQualifiedInd01
IRS990ScheduleA/Form990SchASupportingOrgGrp/SupportedOrgSectionC456Ind01
IRS990ScheduleA/Form990SchASupportingOrgGrp/SupportNonSupportedOrgInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/SuprtExclusivelySec170c2BInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/SuprtOrgNoIRSDeterminationInd00
IRS990ScheduleA/Form990SchAType1SuprtOrgGrp/OperateBenefitNonSuprtOrgInd00
IRS990ScheduleA/Form990SchAType1SuprtOrgGrp/PowerAppointMajorityDirTrstInd01
IRS990ScheduleA/Form990ScheduleAPartVIGrp/ExplanationTxt0REVENUE OF SUPPORTED ORGANIZATION WAS GREATER THAN 33 1/3% FROM RELATED ACTIVITIES AND LESS THAN 33 1/3% FROM GROSS INVESTMENT INCOME AND UBIT.
IRS990ScheduleA/Form990ScheduleAPartVIGrp/ExplanationTxt1MINNESOTA CHAMBER OF COMMERCE, THE SUPPORTED ORGANIZATION, RECEIVES NO FUNDS FROM THE FOUNDATION. MCC PROVIDES PLEDGED SUPPORT AND ADMINISTRATIVE SERVICES FOR THE FOUNDATION.
IRS990ScheduleA/Form990ScheduleAPartVIGrp/FormAndLineReferenceDesc0PART IV, SECTION A, LINE 3B
IRS990ScheduleA/Form990ScheduleAPartVIGrp/FormAndLineReferenceDesc1PART IV, SECTION A, LINE 3C
IRS990ScheduleA/OtherSupportSumAmt00
IRS990ScheduleA/SupportedOrganizationsCnt01
IRS990ScheduleA/SupportedOrganizationsTotalCnt01
IRS990ScheduleA/SupportedOrgInformationGrp/EIN0410417210
IRS990ScheduleA/SupportedOrgInformationGrp/GoverningDocumentListedInd01
IRS990ScheduleA/SupportedOrgInformationGrp/OrganizationTypeCd09
IRS990ScheduleA/SupportedOrgInformationGrp/OtherSupportAmt00
IRS990ScheduleA/SupportedOrgInformationGrp/SupportAmt00
IRS990ScheduleA/SupportedOrgInformationGrp/SupportedOrganizationName/BusinessNameLine1Txt0MN CHAMBER OF COMMERCE
IRS990ScheduleA/SupportingOrganization509a3Ind0X
IRS990ScheduleA/SupportingOrgType1Ind0X
IRS990ScheduleA/SupportSumAmt00
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/EquipmentGrp/BookValueAmt0412
IRS990ScheduleD/EquipmentGrp/DepreciationAmt05880
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt06292
IRS990ScheduleD/ExpensesNotReportedAmt00
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt00
IRS990ScheduleD/ExpensesSubtotalAmt0401775
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/RevenueNotReportedAmt00
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt00
IRS990ScheduleD/RevenueSubtotalAmt0617962
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0FIN 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 2016 AND 2015. 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.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0PART X, LINE 2:
IRS990ScheduleD/TotalBookValueLandBuildingsAmt0412
IRS990ScheduleD/TotalExpensesPerForm990Amt0401775
IRS990ScheduleD/TotalRevenuePerForm990Amt0617962
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt0617962
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt0401775
IRS990ScheduleI/GrantRecordsMaintainedInd00
IRS990ScheduleI/RecipientTable/CashGrantAmt025000
IRS990ScheduleI/RecipientTable/IRCSectionDesc0501(C)(3)
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt0ESTABLISHMENT OF A SCHOLARSHIP FUND
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt0MINNESOTA STATE UNIVERSITY MANKATO FOUNDATION INC
IRS990ScheduleI/RecipientTable/RecipientEIN0416033423
IRS990ScheduleI/RecipientTable/USAddress/AddressLine1Txt0236 WIGLEY ADMINISTRATION CENTER
IRS990ScheduleI/RecipientTable/USAddress/CityNm0MANKATO
IRS990ScheduleI/RecipientTable/USAddress/StateAbbreviationCd0MN
IRS990ScheduleI/RecipientTable/USAddress/ZIPCd056001
IRS990ScheduleI/Total501c3OrgCnt01
IRS990ScheduleI/TotalOtherOrgCnt00
IRS990ScheduleJ/AnyNonFixedPaymentsInd00
IRS990ScheduleJ/BoardOrCommitteeApprovalInd0X
IRS990ScheduleJ/CompBasedOnRevenueOfFlngOrgInd00
IRS990ScheduleJ/CompBsdNetEarnsFlngOrgInd00
IRS990ScheduleJ/CompBsdNetEarnsRltdOrgsInd00
IRS990ScheduleJ/CompBsdOnRevRelatedOrgsInd00
IRS990ScheduleJ/CompensationCommitteeInd0X
IRS990ScheduleJ/CompensationSurveyInd0X
IRS990ScheduleJ/EquityBasedCompArrngmInd00
IRS990ScheduleJ/InitialContractExceptionInd00
IRS990/ScheduleJRequiredInd01
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BaseCompensationFilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BaseCompensationFilingOrgAmt10
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BaseCompensationFilingOrgAmt20
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BaseCompensationFilingOrgAmt30
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusFilingOrganizationAmount00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusFilingOrganizationAmount10
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusFilingOrganizationAmount20
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusFilingOrganizationAmount30
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusRelatedOrganizationsAmt0154845
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusRelatedOrganizationsAmt113300
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusRelatedOrganizationsAmt250000
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusRelatedOrganizationsAmt337800
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompensationBasedOnRltdOrgsAmt0290139
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompensationBasedOnRltdOrgsAmt1132935
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompensationBasedOnRltdOrgsAmt296911
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompensationBasedOnRltdOrgsAmt3181734
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompReportPrior990FilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompReportPrior990FilingOrgAmt10
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompReportPrior990FilingOrgAmt20
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompReportPrior990FilingOrgAmt30
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompReportPrior990RltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompReportPrior990RltdOrgsAmt10
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompReportPrior990RltdOrgsAmt20
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompReportPrior990RltdOrgsAmt30
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompensationFlngOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompensationFlngOrgAmt10
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompensationFlngOrgAmt20
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompensationFlngOrgAmt30
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompRltdOrgsAmt016908
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompRltdOrgsAmt13990
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompRltdOrgsAmt20
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompRltdOrgsAmt311454
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsFilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsFilingOrgAmt10
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsFilingOrgAmt20
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsFilingOrgAmt30

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2016 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$683,072
Liabilities
$119,622
Net assets
$563,450
Revenue
$617,962
Expenses
$401,775
Net income
$216,187
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$0.88$0.20$0.68$1.35$1.40$0.05
2023Detailed filing. Detailed filing data is available for this year.$0.97$0.23$0.74$1.22$1.07$0.15
2022Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.74$0.16$0.59$0.93$0.96$0.03
2021Detailed filing. Detailed filing data is available for this year.$0.82$0.20$0.61$0.94$0.95$0.01
2020Detailed filing. Detailed filing data is available for this year.$0.92$0.29$0.62$1.05$0.90$0.15
2019Detailed filing. Detailed filing data is available for this year.$0.78$0.31$0.47$1.52$1.55$0.03
2018Detailed filing. Detailed filing data is available for this year.$0.80$0.31$0.50$1.10$1.03$0.07
2017Detailed filing. Detailed filing data is available for this year.$0.68$0.25$0.43$0.35$0.48$0.14
2016Detailed filing. Detailed filing data is available for this year.$0.68$0.12$0.56$0.62$0.40$0.22
2015Detailed filing. Detailed filing data is available for this year.$0.51$0.16$0.35$0.30$0.34$0.04
2014Detailed filing. Detailed filing data is available for this year.$0.61$0.22$0.39$0.27$0.21$0.06
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.74$0.41$0.33$0.46$0.45$0.01
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.13$0.82$0.32$0.44
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.78$1.38$0.41$0.50