Minnesota Chamber Foundation is located in St Paul, MN. The organization was established in 1983. According to its NTEE Classification (W11) the organization is classified as: Single Organization Support, under the broad grouping of Public & Societal Benefit and related organizations. As of 09/2023, Minnesota Chamber Foundation employed 3 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Minnesota Chamber Foundation 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 09/2023, Minnesota Chamber Foundation generated $1.2m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 8.9% each year. All expenses for the organization totaled $1.1m during the year ending 09/2023. While expenses have increased by 13.0% per year over the past 8 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 2019, Minnesota Chamber Foundation has awarded 76 individual grants totaling $1,034,095. 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 BRING STAKEHOLDERS TOGETHER TO PROMOTE PROSPERITY & LONG-TERM GROWTH OF MINNESOTA'S ECONOMY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
ECONOMIC RESEARCH: IN MAY OF 2023, THE FOUNDATION COMPLETED ITS UPDATE REPORT AND RESEARCH ON THE ECONOMIC OUTLOOK FOR MINNESOTA, THE 2023 EDITION OF MINNESOTA: 2030. THIS REPORT PROVIDES AN OBJECTIVE ANALYSIS ON THE PERFORMANCE OF MINNESOTA'S ECONOMY AND RECOMMENDATIONS TO ADDRESS HEADWINDS TO FUTURE GROWTH. IN JUNE OF 2023, THE FOUNDATION BEGAN A NEW RESEARCH PROJECT ON MINNESOTA'S ENVIRONMENTAL PERMITTING PROCESS, HIRING ENGINEERING CONSULTING FIRM BARR TO LEAD THE TECHNICAL RESEARCH. THAT WORK CONTINUED THROUGH 2023.
LEADERSHIP MINNESOTA: WE ARE CURRENTLY IN THE 23ND YEAR OF OFFERING LEADERSHIP MINNESOTA TO OUR MEMBERSHIP WITH OVER 800 ALUMNI. LEADERSHIP MINNESOTA SERVES TO ENHANCE THE UNDERSTANDING OF THE STATE'S ECONOMY AND THE ROLE OF PUBLIC POLICY FOR MINNESOTA'S BUSINESS LEADERS. FORTY 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 GROUP IS SELECTED IN APRIL AND THE PROGRAMS BEGINS THE FOLLOWING SEPTEMBER. 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. LEADERS LAB: WE HAVE CONCLUDED NINE YEARS OF THE PROGRAM WITH WELL OVER 300 ALUMNI. THIS PROGRAM IS MODELED AFTER LEADERSHIP MINNESOTA BUT TARGETS DEVELOPING BUSINESS LEADERS. LEADERS LAB WILL TAKE 40 DEVELOPING BUSINESS LEADERS ON 4, 2-DAY SESSIONS. 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 BUSINESS ENVIRONMENTAL SUSTAINABILITY FINANCE PROGRAM (BESFP) IS A GRANT PROGRAM OF THE MINNESOTA CHAMBER FOUNDATION. 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 BESFP GRANT. GRANTS OF UP TO $3,000 MAY BE AVAILABLE FOR PRE-QUALIFIED ENERGY EFFICIENCY AND WASTE MANAGEMENT PROJECTS. BESFP GRANT PROGRAM WORKS CLOSELY WITH ENERGY SMART OR WASTE WISE STAFF TO IDENTIFY PROJECTS THAT MAY QUALIFY FOR A GRANT. ELIGIBLE PROJECTS INCLUDE ENERGY EFFICIENT PROJECTS THAT RECIEVE 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 CALANDER 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.
CENTER FOR WORKFORCE SOLUTIONS THE CENTER FOR WORKFORCE SOLUTIONS IS DESIGNED TO PROVIDE PRIVATE SECTOR SOLUTIONS TO THE WORKFORCE CHALLENGE FACING MINNESOTA EMPLOYERS. THE CENTER HAS MULTIPLE FOCUS AREAS. THE FIRST, IS THE BUSINESS EDUCATION NETWORK (BEN) FORMED IN 2015. BEN IS A PRIVATE-SECTOR SOLUTION TO EMPLOYERS' URGENT NEED TO FIND SKILLED, QUALIFIED AND READY WORKERS FOR JOBS AVAILABLE IN COMMUNITIES ACROSS OUR STATE. BEN PARTNERS ESTABLISHED A RELATIONSHIP WITH THE UNITED WAY OF THE TWIN CITIES TO EXPAND CAREER PATHWAYS. THE CENTER IS ALSO HOME TO THE FOUNDATION'S WORKFORCE DIVERSITY, EQUITY AND INCLUSION INITIATIVE. OUTCOMES IN THIS AREA INCLUDE A DIVERSITY RESOURCE SITE, AND PLAYBOOK FOR EMPLOYERS. NEW PROGRAMS INCLUDE A PEER GROUP OF DIVERSITY LEADERS AND EXPANSION OF EMPLOYER CONSULTING SERVICES. THIS EFFORT IS DESIGNED TO ASSIST EMPLOYERS ACROSS THE STATE TO DEVELOP WELCOMING WORKPLACES. THE THIRD AREA OF FOCUS IS HIGHLIGHTING AND ADVANCING THE ROLE OF IMMIGRANTS TO MINNESOTA'S ECONOMY, BOTH AS WORKERS AND ENTREPRENEURS.
Name (title) | Role | Hours | Compensation |
---|---|---|---|
Doug Loon President/ceo | Trustee | 1 | $0 |
Laura Bordelon Sr. Vice President | 1 | $0 | |
Annette Kojetin Vice President/cfo | Officer | 1 | $0 |
Jennifer Byers Exec Dir Mcf/sec/treasurer | OfficerTrustee | 40 | $0 |
Bentley Graves Director | 1 | $0 | |
Beth Kadoun Vice President | 1 | $0 |
Statement of Revenue | |
---|---|
Federated campaigns | $0 |
Membership dues | $0 |
Fundraising events | $0 |
Related organizations | $600,000 |
Government grants | $0 |
All other contributions, gifts, grants, and similar amounts not included above | $382,756 |
Noncash contributions included in lines 1a–1f | $0 |
Total Revenue from Contributions, Gifts, Grants & Similar | $982,756 |
Total Program Service Revenue | $237,979 |
Investment income | $0 |
Tax Exempt Bond Proceeds | $0 |
Royalties | $0 |
Net Rental Income | $0 |
Net Gain/Loss on Asset Sales | $0 |
Net Income from Fundraising Events | $0 |
Net Income from Gaming Activities | $0 |
Net Income from Sales of Inventory | $0 |
Miscellaneous Revenue | $0 |
Total Revenue | $1,220,735 |
Statement of Expenses | |
---|---|
Grants and other assistance to domestic organizations and domestic governments. | $414,014 |
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. | $195,016 |
Compensation of current officers, directors, key employees. | $72,156 |
Compensation to disqualified persons | $0 |
Other salaries and wages | $186,237 |
Pension plan accruals and contributions | $0 |
Other employee benefits | $328 |
Payroll taxes | $0 |
Fees for services: Management | $0 |
Fees for services: Legal | $0 |
Fees for services: Accounting | $6,880 |
Fees for services: Lobbying | $0 |
Fees for services: Fundraising | $0 |
Fees for services: Investment Management | $0 |
Fees for services: Other | $58,144 |
Advertising and promotion | $0 |
Office expenses | $13,939 |
Information technology | $0 |
Royalties | $0 |
Occupancy | $618 |
Travel | $96,197 |
Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
Conferences, conventions, and meetings | $77,404 |
Interest | $6,436 |
Payments to affiliates | $0 |
Depreciation, depletion, and amortization | $0 |
Insurance | $5,792 |
All other expenses | $8,690 |
Total functional expenses | $1,069,695 |
Balance Sheet | |
---|---|
Cash—non-interest-bearing | $641,566 |
Savings and temporary cash investments | $0 |
Pledges and grants receivable | $0 |
Accounts receivable, net | $329,500 |
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 | $0 |
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 | $971,066 |
Accounts payable and accrued expenses | $99,244 |
Grants payable | $0 |
Deferred revenue | $133,796 |
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 | $233,040 |
Net assets without donor restrictions | -$137,072 |
Net assets with donor restrictions | $875,098 |
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 | $971,066 |
Over the last fiscal year, Minnesota Chamber Foundation has awarded $256,159 in support to 14 organizations.
Grant Recipient | Amount |
---|---|
ARBOR COMMERCIAL GROUP PURPOSE: ENERGY AND WASTE PROGRAMS | $9,662 |
ARIZA RETAIL SERVICES PURPOSE: ENERGY AND WASTE PROGRAMS | $5,300 |
THE C CHASE COMPANY PURPOSE: ENERGY AND WASTE PROGRAMS | $23,196 |
CHURCH OF ST MICHAEL PURPOSE: ENERGY AND WASTE PROGRAMS | $10,000 |
ELITE CLEANERS PURPOSE: ENERGY AND WASTE PROGRAMS | $43,000 |
GOLDEN VALLEY COUNTRY CLUB PURPOSE: ENERGY AND WASTE PROGRAMS | $10,000 |
Organization Name | Assets | Revenue |
---|---|---|
The Northwest Minnesota Foundation Bemidji, MN | $91,824,995 | $19,432,128 |
Margies Smile Inc Franklin, WI | $56,625 | $1,843,087 |
Eagles Healing Nest Sauk Centre, MN | $166,881 | $1,248,801 |
Minnesota Chamber Foundation St Paul, MN | $971,066 | $1,220,735 |
Buchanan County Amish Hospital Aid Hazleton, IA | $58,597 | $902,236 |
Mmsa Building Company Saint Paul, MN | $13,457,712 | $883,834 |
Arkansas Western Gas Company Post- Retirement VEBA for Noncollectively Barg Rapid City, SD | $2,100,012 | $348,727 |
620 Foundation Cedar Rapids, IA | $20,587 | $0 |
Quincy And Bessie Robinson Trust 97312280 Milwaukee, WI | $878,071 | $35,737 |
North Dakota Planning Association Bismarck, ND | $50,005 | $0 |
Live Like Ava Inc Abrams, WI | $13,271 | $0 |
Minnesota Vietnam Veterans Charity Roseville, MN | $49,231 | $19,015 |
Northern Star Foundation Rice Lake, WI | $298,817 | $5,975 |
Sanford Underground Research Facility Foundation Lead, SD | $639,670 | $196,225 |
Temple Marsch Fbo Milwaukee, WI | $155,201 | $6,201 |
Middle Ground Incorporated Milwaukee, WI | $1,849 | $0 |
Fremont County Horizons Shenandoah, IA | $3,573 | $0 |