St Paul Chamber Of Commerce Foundation Inc
- Assets
- $181.7k
- Revenue
- $284.9k
- Investments
- $0.0
- Employees
- 0
- Location
- St Paul, MN
- Founding
- 05/1976
- Data as of
- 12/2023
- EIN
- 41-1378952
Organization Overview
St Paul Chamber Of Commerce Foundation Inc is located in St Paul, MN. The organization was established in 1976. According to its NTEE Classification (S03) the organization is classified as: Professional Societies & Associations, under the broad grouping of Community Improvement & Capacity Building and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. St Paul Chamber Of Commerce Foundation Inc is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2023, St Paul Chamber Of Commerce Foundation Inc generated $284.9k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 9 years, the organization has seen revenues fall by an average of (5.7%) each year. All expenses for the organization totaled $395.8k during the year ending 12/2023. As we would expect to see with falling revenues, expenses have declined by (5.6%) per year over the past 9 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2020, St Paul Chamber Of Commerce Foundation Inc has awarded 73 individual grants totaling $1,947,585. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
TO GROW STRONG LEADERS AND PREPARE TOMORROW'S EMPLOYEES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
GENERAL PROGRAMS: SUPPORT OF EVENTS, MEETINGS, AND PUBLICATIONS THAT PROVIDE THE ADVANCEMENT OF CIVIC, SOCIAL, COMMERCIAL, AND ECONOMIC INTERESTS OF THE CITY OF SAINT PAUL AND SURROUNDING EAST METRO AREA.
THE DEI COLLABORATIVE TRANSFORMS EMPLOYER ORGANIZATIONS TO BE MORE DIVERSE, EQUITABLE, AND INCLUSIVE BY FACILITATING DEEP LEARNING WITH SENIOR LEADERS. WE SUPPORT EXECUTIVES IN DEEPENING THEIR PERSONAL COMMITMENT TO DIVERSITY, EQUITY, AND INCLUSION AND LEVERAGING THAT COMMITMENT TO LEAD MEANINGFUL CHANGE. THE PROGRAM FEATURES PROFESSIONALLY-FACILITATED, CROSS-SECTOR COHORTS WITH EACH COHORT BEING LIMITED TO 15 EXECUTIVE-LEVEL LEADERS AND IT INCLUDES INDIVIDUAL COACHING AND SUPPORT WITH ONGOING SUPPORT BEYOND THE COHORT EXPERIENCE.
LEADERSHIP ST. PAUL (LSP): LSP IS THE CHAMBER'S FLAGSHIP ADULT LEARNING PROGRAM CENTERED ON COMMUNITY LEADERSHIP THAT PREPARES, CHALLENGES, AND ENGAGES EMERGING AND EXISTING LEADERS TO STRENGTHEN THE SAINT PAUL/EAST METRO REGION. THE CLASS HAS A MONTHLY PROGRAM DAY AND COMMUNITY PROJECTS TO COMPLETE IN GROUPS. IN 2022, THE FOUNDATION GRADUATED 44 INDIVIDUALS WHO COMPLETED THREE PROJECTS FOR ONE NONPROFIT ORGANIZATION.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Brenda Kyle President & Secretary | OfficerTrustee | 4 | $0 |
Kathleen Lohmar Exel Foundation Director | OfficerTrustee | 1 | $0 |
Amanda Knutson Chair | OfficerTrustee | 0.3 | $0 |
Scott Rynda Treasurer | OfficerTrustee | 1 | $0 |
Justin Bieganek Director | Trustee | 0.3 | $0 |
Dana Cottrell Director | Trustee | 0.3 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $23,629 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $77,452 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $101,081 |
| Total Program Service Revenue | $189,633 |
| Investment income | $245 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | -$15,755 |
| Net Income from Gaming Activities | $9,692 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $284,896 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $98,267 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $166,867 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $7,619 |
| Payroll taxes | $12,300 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $3,644 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $49,849 |
| Advertising and promotion | $0 |
| Office expenses | $4,415 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $13,140 |
| Travel | $1,484 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $675 |
| All other expenses | $0 |
| Total functional expenses | $395,788 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $12,241 |
| Savings and temporary cash investments | $163,779 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $4,005 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $1,716 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $181,741 |
| Accounts payable and accrued expenses | $23,478 |
| Grants payable | $0 |
| Deferred revenue | $7,800 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $31,278 |
| Net assets without donor restrictions | $52,016 |
| Net assets with donor restrictions | $98,447 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $181,741 |
Grants Awarded
Over the last fiscal year, St Paul Chamber Of Commerce Foundation Inc has awarded $89,962 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
SAINT PAUL & MINNESOTA FOUNDATION PURPOSE: DIRECT SUPPORT | $80,000 |
MINNESOTA HMONG CHAMBER OF COMMERCE PURPOSE: DIRECT SUPPORT | $9,962 |