Civic Intelligence

Twin Cities Quorum

990EZ • Fiscal year 2015 • EIN 41-1816262

Jan 01, 2015 to Dec 31, 2015 • Filed on Nov 07, 2016

Organization ProfileWWW.TWINCITIESQUORUM.COM
18 N 12TH ST No 3606Minneapolis, 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.

2015 filings • 501(c)6 • <$500k nonprofits • Source year 2015

Liabilities / Revenue

47th percentile

0.00x

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

2015 filings • 501(c)6 • <$500k nonprofits • Source year 2015

Net Margin

8th percentile

-31%

Higher net margin than 8% of similar nonprofits.

2015 filings • 501(c)6 • <$500k nonprofits • Source year 2015

Top Officer Pay

69th percentile

$0

Higher top officer pay than 69% of similar nonprofits.

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

2015 filings • 501(c)6 • <$500k nonprofits • Source year 2015

Asset Growth

4th percentile

-54%

Faster asset growth than 4% of similar nonprofits.

2015 filings • 501(c)6 • <$500k nonprofits • Annualized from 2014 to 2015

Revenue Growth

79th percentile

18%

Faster revenue growth than 79% of similar nonprofits.

2015 filings • 501(c)6 • <$500k nonprofits • Annualized from 2014 to 2015

Balance Sheet
Liabilities / Assets47th percentile

Assets

Down

$22,310

Down $25,672 (-54%) from 2014

Net Assets

Down

$22,310

Down $25,672 (-54%) from 2014

Liabilities

Flat

$0

Flat from 2014

Revenue And Expenses
Liabilities / Revenue47th percentileNet Margin8th percentile

Revenue

Up

$84,137

Up $12,848 (+18%) from 2014

Expenses

Up

$109,809

Up $60,269 (+122%) from 2014

Net Income

Down

-$25,672

Down $47,421 (-218%) from 2014

Historical Trend

Balance Sheet Trend

Asset Growth4th percentile

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

2015

Assets$22,310
Liabilities$0
Net Assets$22,310
Open 2015 Filing

Operations Trend

Revenue Growth79th percentile

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

2015

Revenue$84,137
Expenses$109,809
Net Income-$25,672
Open 2015 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2015 to Dec 31, 2015
Signed
Nov 7, 2016
Return Version
2015v2.1
Gross Receipts
$84,137
Mission and Program Overview

Mission

Twin Cities GLBT Chamber of Commerce

Twin cities quorum (quorum) champions the business case for a fully inclusive community asa 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 memberbusinesses and organizations.

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 AND LEARN BEST IN CLASS PRACTICES FOR CREATING A WORK ENVIRONMENT WHERE EMPLOYEES CAN LIVE AUTHENTIC LIVES AND EXCEED PERFORMANCE EXPECTATIONS. IN 2015, APPROXIMATELY 500 BUSINESS PROFESSIONALS FROM THE TWIN CITIES METROPOLITAN AREA ATTENDED THE EVENT.$0$21,762
THE LEADERSHIP AWARDS CELEBRATION IS AN EVENT HIGHLIGHTING THE SUCCESSES OF MEMBER BUSINESSES. IT IS AN OPPORTUNITY FOR THE BOARD TO RECOGNIZE 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 2015 WAS APPROXIMATELY 100.$0$5,192
THE ANNUAL MEETING IS A HOLIDAY CELEBRATION WHERE MEMBERS HAVE AN OPPORTUNITY TO NETWORK, FUTURE BOARD AND OFFICER MEMBERSHIP IS APPROVED AND THE FINANCIAL REPORT OF THE PAST YEAR IS REVIEWED. ATTENDANCE IN 2015 WAS APPROXIMATELY 100.$0$1,285
Compensation and Service Providers
Top Officer Pay69th percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
ERICA FIELDSDirector-$0--
CHERYL A MALONEYDirector-$0--
CATHY MULDOONDirector-$0--
AMY NEISDirector-$0--
TIFFANY PAULSONDirector-$0--
HARVEY PERLEDirector-$0--
KEVIN RINGDAHLDirector-$0--
KEITH TAYLORDirector-$0--
PETER TOLLEFSONDirector-$0--
AMY RUZICKPresidentPT$0--
MARK WALDORFVice PresidentPT$0--
ADAM ELGTreasurerPT$0--
Filing and Contact Details

Filer

Filer Name
Twin Cities Quorum
EIN
41-1816262
Phone
6124608153
Address
18 N 12TH ST No 3606, MINNEAPOLIS, MN 55403

Signing Officer

Name
Fred Comb
Title
Treasurer
Phone
6124608153
Signed
2016-11-07
Discuss with paid preparer
Yes

Preparer

Firm
Hg&k Ltd
Address
5850 OPUS PARKWAY SUITE 100, MINNETONKA, MN 55343
Preparer
Ronald E Brunk-parker CPA
Phone
9529791140
Supplemental Narrative

Additional Explanations

Form 990-EZ, Part I, Line 8 - Other Revenue

“Description: INTEREST. Amount: 18.”

Form 990-EZ, Part I, Line 16 - Other Expenses

“Description: MARKETING & PROMOTION. Amount: 18,778. Description: LEGAL. Amount: 330. Description: LEADERSHIP AWARDS. Amount: 5,192. Description: NATIONAL COMING OUT DAY. Amount: 21,762. Description: OTHER EVENTS. Amount: 1,785. Description: TWIN CITIES PRIDE. Amount: 800. Description: PARTNERSHIPS & SPONSORSHIPS. Amount: 500. Description: DIGITAL SYSTEMS. Amount: 2,606. Description: BANK & MERCHANT SERVICE FEES. Amount: 3,218. Description: INSURANCE. Amount: 390. Description: OFFICE SUPPLIES. Amount: 190. Description: BOARD DEVELOPMENT. Amount: 430. Description: MISCELLANEOUS. Amount: 1,221. Total to Form 990-EZ, line 16: 57,202.”

Raw XML Appendix169 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
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IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm0ERICA FIELDS
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm1CHERYL A MALONEY
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IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm5HARVEY PERLE
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm6KEVIN RINGDAHL
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm7KEITH TAYLOR
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm8PETER TOLLEFSON
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm9AMY RUZICK
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm10MARK WALDORF
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm11ADAM ELG
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt0DIRECTOR
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt1DIRECTOR
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt2DIRECTOR
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt3DIRECTOR
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt4DIRECTOR
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt5DIRECTOR
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt6DIRECTOR
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt7DIRECTOR
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt8DIRECTOR
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt9PRESIDENT
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt10VICE PRESIDENT
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt11TREASURER
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IRS990EZ/OtherRevenueTotalAmt018
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IRS990EZ/PrimaryExemptPurposeTxt0TWIN CITIES QUORUM (QUORUM) CHAMPIONS THE BUSINESS CASE FOR A FULLY INCLUSIVE COMMUNITY ASA 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 MEMBERBUSINESSES AND ORGANIZATIONS.
IRS990EZ/PrintingPublicationsPostageAmt01229
IRS990EZ/ProgramServiceRevenueAmt031139
IRS990EZ/ProgramSrvcAccomplishmentGrp/DescriptionProgramSrvcAccomTxt0NATIONAL COMING OUT DAY IS A CELEBRATION OF ACHIEVEMENTS IN THE TWIN CITIES LGBT COMMUNITY. IT IS AN OPPORTUNITY FOR BUSINESS LEADERS TO NETWORK AND LEARN BEST IN CLASS PRACTICES FOR CREATING A WORK ENVIRONMENT WHERE EMPLOYEES CAN LIVE AUTHENTIC LIVES AND EXCEED PERFORMANCE EXPECTATIONS. IN 2015, APPROXIMATELY 500 BUSINESS PROFESSIONALS FROM THE TWIN CITIES METROPOLITAN AREA ATTENDED THE EVENT.
IRS990EZ/ProgramSrvcAccomplishmentGrp/DescriptionProgramSrvcAccomTxt1THE LEADERSHIP AWARDS CELEBRATION IS AN EVENT HIGHLIGHTING THE SUCCESSES OF MEMBER BUSINESSES. IT IS AN OPPORTUNITY FOR THE BOARD TO RECOGNIZE 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 2015 WAS APPROXIMATELY 100.
IRS990EZ/ProgramSrvcAccomplishmentGrp/DescriptionProgramSrvcAccomTxt2THE ANNUAL MEETING IS A HOLIDAY CELEBRATION WHERE MEMBERS HAVE AN OPPORTUNITY TO NETWORK, FUTURE BOARD AND OFFICER MEMBERSHIP IS APPROVED AND THE FINANCIAL REPORT OF THE PAST YEAR IS REVIEWED. ATTENDANCE IN 2015 WAS APPROXIMATELY 100.
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IRS990EZ/ProgramSrvcAccomplishmentGrp/ProgramServiceExpensesAmt21285
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IRS990EZ/SumOfTotalLiabilitiesGrp/EOYAmt00
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IRS990EZ/WebsiteAddressTxt0WWW.TWINCITIESQUORUM.COM
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0Description: INTEREST. Amount: 18.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1Description: MARKETING & PROMOTION. Amount: 18,778. Description: LEGAL. Amount: 330. Description: LEADERSHIP AWARDS. Amount: 5,192. Description: NATIONAL COMING OUT DAY. Amount: 21,762. Description: OTHER EVENTS. Amount: 1,785. Description: TWIN CITIES PRIDE. Amount: 800. Description: PARTNERSHIPS & SPONSORSHIPS. Amount: 500. Description: DIGITAL SYSTEMS. Amount: 2,606. Description: BANK & MERCHANT SERVICE FEES. Amount: 3,218. Description: INSURANCE. Amount: 390. Description: OFFICE SUPPLIES. Amount: 190. Description: BOARD DEVELOPMENT. Amount: 430. Description: MISCELLANEOUS. Amount: 1,221. Total to Form 990-EZ, line 16: 57,202.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Form 990-EZ, Part I, Line 8 - Other Revenue
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Form 990-EZ, Part I, Line 16 - Other Expenses
TransferPrsnlBnftContractsDecl/DeclarationDesc0The organization did not, during the year, receive any funds, directly,or indirectly, to pay premiums on a personal benefit contract.The organization, did not, during the year, pay any premiums, directly,or indirectly, on a personal benefit contract.
ReturnHeader/BuildTS02017-02-10 21:41:12Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd01
ReturnHeader/BusinessOfficerGrp/PersonNm0FRED COMB
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0TREASURER
ReturnHeader/BusinessOfficerGrp/PhoneNum06124608153
ReturnHeader/BusinessOfficerGrp/SignatureDt02016-11-07
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0TWIN CITIES QUORUM
ReturnHeader/Filer/BusinessNameControlTxt0TWIN
ReturnHeader/Filer/EIN0411816262
ReturnHeader/Filer/PhoneNum06124608153
ReturnHeader/Filer/USAddress/AddressLine1Txt018 N 12TH ST No 3606
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ReturnHeader/Filer/USAddress/StateAbbreviationCd0MN
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ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0411340072
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0HG&K LTD
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt05850 OPUS PARKWAY SUITE 100
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0MINNETONKA
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0MN
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd055343
ReturnHeader/PreparerPersonGrp/PhoneNum09529791140
ReturnHeader/PreparerPersonGrp/PreparationDt02016-11-08
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0RONALD E BRUNK-PARKER CPA
ReturnHeader/ReturnTs02016-11-08T12:23:38-06:00
ReturnHeader/ReturnTypeCd0990EZ
ReturnHeader/TaxPeriodBeginDt02015-01-01
ReturnHeader/TaxPeriodEndDt02015-12-31
ReturnHeader/TaxYr02015

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2015 • Form 990EZDetailed filing. Detailed filing data is available for this year.

Open filing
Assets
$22,310
Liabilities
$0
Net assets
$22,310
Revenue
$84,137
Expenses
$109,809
Net income
-$25,672
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