St Paul Chamber Of Commerce Foundation Inc
- Assets
- $674.3k
- Revenue
- $845.0k
- Investments
- $0.0
- Employees
- 0
- Location
- St Paul, MN
- Founding
- 05/1976
- Data as of
- 12/2021
- 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 12/2021, St Paul Chamber Of Commerce Foundation Inc generated $845.0k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 8.2% each year. All expenses for the organization totaled $884.8k during the year ending 12/2021. While expenses have increased by 4.1% per year over the past 7 years. They've been increasing with an increasing level of total revenue. 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 68 individual grants totaling $1,672,623. 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
2021
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.
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 2021, THE FOUNDATION GRADUATED 39 INDIVIDUALS WHO COMPLETED THREE PROJECTS FOR ONE NONPROFIT ORGANIZATION.
RIGHT TRACK PROGRAM: THE CHAMBER PROMOTES AND RECRUITS MEMBERS TO PARTICIPATE IN THE CITY OF SAINT PAUL'S RIGHT TRACK PROGRAM WHICH IS RUN BY THE FOUNDATION. THE RIGHT TRACK PROGRAM TARGETS STUDENTS IN THE SAINT PAUL PUBLIC SCHOOL SYSTEM WITH SUMMER INTERNSHIPS AT PARTICIPATING BUSINESSES.
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Brenda Kyle President & Secretary | OfficerTrustee | 4 | $0 |
Kathleen Lohmar Exel Foundation Director | OfficerTrustee | 40 | $0 |
Scott Rynda Treasurer | OfficerTrustee | 1 | $0 |
Justin Bieganek Director | OfficerTrustee | 0.3 | $0 |
Rachel Reiling Chair | Trustee | 0.3 | $0 |
Dana Cottrell Director | Trustee | 0.3 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $29,550 |
| Related organizations | $0 |
| Government grants | $108,182 |
| All other contributions, gifts, grants, and similar amounts not included above | $563,055 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $700,787 |
| Total Program Service Revenue | $163,739 |
| Investment income | $16 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | -$19,527 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $845,015 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $249,459 |
| Grants and other assistance to domestic individuals. | $2,689 |
| 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 | $317,995 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $8,356 |
| Payroll taxes | $20,938 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $2,745 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $60,774 |
| Advertising and promotion | $0 |
| Office expenses | $12,136 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $10,923 |
| Travel | $1,242 |
| 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 | $500 |
| All other expenses | $0 |
| Total functional expenses | $884,802 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $482,336 |
| Savings and temporary cash investments | $163,491 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $28,231 |
| 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 | $210 |
| 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 | $674,268 |
| Accounts payable and accrued expenses | $51,647 |
| Grants payable | $0 |
| Deferred revenue | $16,450 |
| 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 | $68,097 |
| Net assets without donor restrictions | $248,179 |
| Net assets with donor restrictions | $357,992 |
| 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 | $674,268 |
Grants Awarded
Over the last fiscal year, St Paul Chamber Of Commerce Foundation Inc has awarded $137,686 in support to 8 organizations.
| Grant Recipient | Amount |
|---|---|
CASILLAS GLASS LLC PURPOSE: DIRECT SUPPORT | $34,686 |
PEKING GARDEN CHINESE RESTAURANT PURPOSE: DIRECT SUPPORT | $30,000 |
SIR CERRESSO FORT BOXING & FITNESS PURPOSE: DIRECT SUPPORT | $20,000 |
GOLDEN THYME COFFEE SHOP PURPOSE: DIRECT SUPPORT | $15,000 |
THE MIDWAY ENTERTAINMENT GROUP LLC PURPOSE: DIRECT SUPPORT | $10,000 |
DOWNTOWN SMOKE SHOP INC PURPOSE: DIRECT SUPPORT | $10,000 |
Grants Recieved
Over the last fiscal year, we have identified 3 grants that St Paul Chamber Of Commerce Foundation Inc has recieved totaling $210,501.
| Awarding Organization | Amount |
|---|---|
Saint Paul & Minnesota Foundation Saint Paul, MN PURPOSE: MULTIPLE GRANTS FOR MULTIPLE PURPOSES | $151,000 |
Mary T And James J Hill Library Foundation St Paul, MN PURPOSE: SMALL BUS ASSIST FD | $50,000 |
Mightycause Charitable Foundation Marianna, FL PURPOSE: UNRESTRICTED | $9,501 |