Civic Intelligence

Twin Cities Quorum

990EZ • Fiscal year 2014 • EIN 41-1816262

Jan 01, 2014 to Dec 31, 2014 • Filed on Apr 16, 2015

18 N 12th StMinneapolis, MN 55403

(612) 460-8153

Siviq Scores

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

Liabilities / Assets

47th percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

2014 filings • 501(c)6 • <$500k nonprofits • Source year 2014

Liabilities / Revenue

47th percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

2014 filings • 501(c)6 • <$500k nonprofits • Source year 2014

Net Margin

91st percentile

31%

Higher net margin than 91% of similar nonprofits.

2014 filings • 501(c)6 • <$500k nonprofits • Source year 2014

Top Officer Pay

68th percentile

$0

Higher top officer pay than 68% of similar nonprofits.

Top officer pay equals 0.0% of source-year revenue.

2014 filings • 501(c)6 • <$500k nonprofits • Source year 2014

Asset Growth

94th percentile

83%

Faster asset growth than 94% of similar nonprofits.

2014 filings • 501(c)6 • <$500k nonprofits • Annualized from 2013 to 2014

Revenue Growth

72nd percentile

13%

Faster revenue growth than 72% of similar nonprofits.

2014 filings • 501(c)6 • <$500k nonprofits • Annualized from 2013 to 2014

Assets

Up

$47,982

Up $21,749 (+83%) from 2013

Net Assets

Up

$47,982

Up $21,749 (+83%) from 2013

Liabilities

Flat

$0

Flat from 2013

Revenue

Up

$71,289

Up $8,350 (+13%) from 2013

Expenses

Up

$49,540

Up $6,615 (+15%) from 2013

Net Income

Up

$21,749

Up $1,735 (+8.7%) from 2013

Historical Trend

Balance Sheet Trend

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

$100K$50K$0-$50KAssets 2010: $14,370Liabilities 2010: $2,190Net Assets 2010: $12,1802010Assets 2011: $913Liabilities 2011: $1,718Net Assets 2011: -$8052011Assets 2012: $6,219Net Assets 2012: $6,2192012Assets 2013: $26,233Liabilities 2013: $0Net Assets 2013: $26,2332013Assets 2014: $47,982Liabilities 2014: $0Net Assets 2014: $47,9822014Assets 2015: $22,310Liabilities 2015: $0Net Assets 2015: $22,3102015Assets 2016: $4,663Liabilities 2016: $0Net Assets 2016: $4,6632016Assets 2017: $14,322Liabilities 2017: $7,961Net Assets 2017: $6,3612017Assets 2018: $27,129Liabilities 2018: $0Net Assets 2018: $27,1292018Assets 2019: $32,751Liabilities 2019: $378Net Assets 2019: $32,3732019Assets 2020: $73,096Liabilities 2020: $40,900Net Assets 2020: $32,1962020Assets 2021: $78,043Liabilities 2021: $41,269Net Assets 2021: $36,7742021Assets 2022: $84,656Liabilities 2022: $40,900Net Assets 2022: $43,7562022Assets 2024: $17,477Liabilities 2024: $0Net Assets 2024: $17,4772024

Highlighted filing

2014

Assets$47,982
Liabilities$0
Net Assets$47,982

Operations Trend

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

$300K$200K$100K$0-$100KRevenue 2010: $153,330Expenses 2010: $139,920Net Income 2010: $13,4102010Revenue 2011: $105,269Expenses 2011: $107,819Net Income 2011: -$2,5502011Revenue 2012: $59,107Expenses 2012: $52,083Net Income 2012: $7,0242012Revenue 2013: $62,939Expenses 2013: $42,925Net Income 2013: $20,0142013Revenue 2014: $71,289Expenses 2014: $49,540Net Income 2014: $21,7492014Revenue 2015: $84,137Expenses 2015: $109,809Net Income 2015: -$25,6722015Revenue 2016: $98,179Expenses 2016: $115,826Net Income 2016: -$17,6472016Revenue 2017: $111,078Expenses 2017: $109,380Net Income 2017: $1,6982017Revenue 2018: $123,992Expenses 2018: $103,251Net Income 2018: $20,7412018Revenue 2019: $122,549Expenses 2019: $117,305Net Income 2019: $5,2442019Revenue 2020: $90,999Expenses 2020: $91,176Net Income 2020: -$1772020Revenue 2021: $122,843Expenses 2021: $118,265Net Income 2021: $4,5782021Revenue 2022: $145,321Expenses 2022: $138,340Net Income 2022: $6,9812022Revenue 2024: $195,823Expenses 2024: $212,713Net Income 2024: -$16,8902024

Highlighted filing

2014

Revenue$71,289
Expenses$49,540
Net Income$21,749
Jump To
Filing Snapshot
Filing Period
Jan 1, 2014 to Dec 31, 2014
Signed
Apr 16, 2015
Return Version
2014v5.0
Gross Receipts
$71,289
Mission and Program Overview

Mission

Twin Cities GLBT Chamber of Commerce

See sched o general explanation

Program Services

DescriptionGrantsExpenses
NATIONAL COMING OUT DAY IS A CELEBRATION OF ACHIEVEMENTS IN THE TWIN CITIES LGBT COMMUNITY IT IS AN OPPORTUNITY FOR BUSINESS LEADERS TO NETWORK CONTINUED IN SCH O GEN EXPLAN-$14,468
THE LEADERSHIP AWARDS CELEBRATION IS AN EVENT HHIGHLIGHTING THE SUCCESSES OF MEMBER BUSINESSES IT IS AN OPPORTUNITY FOR THE BOARD TO RECOGNIZE CONTINUED IN SCH O GEN EXPLAN-$6,063
THE ANNUAL MEETING IS A HOLIDAY CELEBRATION WHERE MEMBERS HAVE AN OPPORTUNITY TO NETWORK FUTURE BOARD AND OFFICER MEMBERSHIP IS APPROVED AND THE FINANCIAL CONT IN SCH O GEN EXP-$2,671
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
AMY RUZICKPresidentPT$0--
MARK WALDORFVice PresidentPT$0--
AARON FORBORTTreasurerPT$0--
SETH VIEBROCKSecretary-$0--
ROBERT DRODDYDirector-$0--
ADAM ELGDirector-$0--
BARBARA HANNAHDirector-$0--
AMY NEISDirector-$0--
TIFFANY PAULSONDirector-$0--
HARVEY PERLEDirector-$0--
KEVIN RINGDAHLDirector-$0--
PETER TOLLEFSONDirector-$0--
Filing and Contact Details

Filer

Filer Name
Twin Cities Quorum
EIN
41-1816262
Address
18 N 12TH ST, MINNEAPOLIS, MN 55403

Signing Officer

Name
Adam Elg
Title
Treasurer
Phone
6128025840
Signed
2015-04-16
Discuss with paid preparer
Yes

Preparer

Firm
Ronald E Brunk-Parker CPA
Address
2630 Irving Ave N, Minneapolis, MN 55411
Preparer
Ronald E Brunk-Parker
Phone
6125785849
Supplemental Narrative

Additional Explanations

General explanation attachment

Part iii, line 27 - primary exempt purposetwin cities quorum (quorum) champions the business case for a fully inclusive community as a conduit for economic development and a leader in the continuum of change. As the twin cities glbt (gay, lesbian, bisexual, transgendered) + allied chamber of commberce, quorum is a conduit for economic development. Our work includes assisting and developing certified glbt owned enterprises and supporting their entrance into the supply chains of forward thinking equality-minded companies through fully inclusive supplier diversity programs as well as creating visibility and business activity for all of our member businesses and organizations. Continuation of part iii, line 28:and learn best in class practices for creating a work environment where employees can live authentic lives and exceed performance expectations. In 2014, approximately 500 business professionals from the twin cities metropolitan area attended the event. Continuation of part iii, line 29:outstanding achievement, naming a business of the year, nonprofit of the year, business leader of the year, inclusion leader of the year, and lifetime achievement honoree. Attendance in 2014 was approximately 100. Continuation of part iii, line 30:report of the past year is reviewed. Attendance in 2014 was approximately 100.

Description of other revenue Part I line 8

Description amountadvertising 2,000

Description of other expenses Part I line 16

Description amountorganization dues 500advertising 6,368leadership awards 6,063national coming out day luncheon 14,469other member events 600annual meeting 2,671twin cities pride 5,089prior year events 563partnerships & sponsorships 3,650digital systems 1,484merchant service fees 2,580insurance 1,557gifts 75board development 3,039miscellaneous 157

Raw XML Appendix168 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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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0PART III, LINE 27 - PRIMARY EXEMPT PURPOSETWIN CITIES QUORUM (QUORUM) CHAMPIONS THE BUSINESS CASE FOR A FULLY INCLUSIVE COMMUNITY AS A CONDUIT FOR ECONOMIC DEVELOPMENT AND A LEADER IN THE CONTINUUM OF CHANGE. AS THE TWIN CITIES GLBT (GAY, LESBIAN, BISEXUAL, TRANSGENDERED) + ALLIED CHAMBER OF COMMBERCE, QUORUM IS A CONDUIT FOR ECONOMIC DEVELOPMENT. OUR WORK INCLUDES ASSISTING AND DEVELOPING CERTIFIED GLBT OWNED ENTERPRISES AND SUPPORTING THEIR ENTRANCE INTO THE SUPPLY CHAINS OF FORWARD THINKING EQUALITY-MINDED COMPANIES THROUGH FULLY INCLUSIVE SUPPLIER DIVERSITY PROGRAMS AS WELL AS CREATING VISIBILITY AND BUSINESS ACTIVITY FOR ALL OF OUR MEMBER BUSINESSES AND ORGANIZATIONS. CONTINUATION OF PART III, LINE 28:AND LEARN BEST IN CLASS PRACTICES FOR CREATING A WORK ENVIRONMENT WHERE EMPLOYEES CAN LIVE AUTHENTIC LIVES AND EXCEED PERFORMANCE EXPECTATIONS. IN 2014, APPROXIMATELY 500 BUSINESS PROFESSIONALS FROM THE TWIN CITIES METROPOLITAN AREA ATTENDED THE EVENT. CONTINUATION OF PART III, LINE 29:OUTSTANDING ACHIEVEMENT, NAMING A BUSINESS OF THE YEAR, NONPROFIT OF THE YEAR, BUSINESS LEADER OF THE YEAR, INCLUSION LEADER OF THE YEAR, AND LIFETIME ACHIEVEMENT HONOREE. ATTENDANCE IN 2014 WAS APPROXIMATELY 100. CONTINUATION OF PART III, LINE 30:REPORT OF THE PAST YEAR IS REVIEWED. ATTENDANCE IN 2014 WAS APPROXIMATELY 100.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1DESCRIPTION AMOUNTADVERTISING 2,000
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2DESCRIPTION AMOUNTORGANIZATION DUES 500ADVERTISING 6,368LEADERSHIP AWARDS 6,063NATIONAL COMING OUT DAY LUNCHEON 14,469OTHER MEMBER EVENTS 600ANNUAL MEETING 2,671TWIN CITIES PRIDE 5,089PRIOR YEAR EVENTS 563PARTNERSHIPS & SPONSORSHIPS 3,650DIGITAL SYSTEMS 1,484MERCHANT SERVICE FEES 2,580INSURANCE 1,557GIFTS 75BOARD DEVELOPMENT 3,039MISCELLANEOUS 157
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IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Description of other revenue Part I line 8
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Description of other expenses Part I line 16
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Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$0.17$0.00$0.17$1.96$2.13$0.17
2022Detailed filing. Detailed filing data is available for this year.$0.85$0.41$0.44$1.45$1.38$0.07
2021Detailed filing. Detailed filing data is available for this year.$0.78$0.41$0.37$1.23$1.18$0.05
2020Detailed filing. Detailed filing data is available for this year.$0.73$0.41$0.32$0.91$0.91$0.00
2019Detailed filing. Detailed filing data is available for this year.$0.33$0.00$0.32$1.23$1.17$0.05
2018Detailed filing. Detailed filing data is available for this year.$0.27$0.00$0.27$1.24$1.03$0.21
2017Detailed filing. Detailed filing data is available for this year.$0.14$0.08$0.06$1.11$1.09$0.02
2016Detailed filing. Detailed filing data is available for this year.$0.05$0.00$0.05$0.98$1.16$0.18
2015Detailed filing. Detailed filing data is available for this year.$0.22$0.00$0.22$0.84$1.10$0.26
2014Detailed filing. Detailed filing data is available for this year.$0.48$0.00$0.48$0.71$0.50$0.22
2013Detailed filing. Detailed filing data is available for this year.$0.26$0.00$0.26$0.63$0.43$0.20
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.06$0.06$0.59$0.52$0.07
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.01$0.02$0.01$1.05$1.08$0.03
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.14$0.02$0.12$1.53$1.40$0.13