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 09/2021, Minnesota Chamber Foundation employed 4 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 09/2021, Minnesota Chamber Foundation generated $942.1k in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 7.3% each year. All expenses for the organization totaled $951.0k during the year ending 09/2021. While expenses have increased by 15.4% per year over the past 6 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 56 individual grants totaling $636,801. 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 BRING BUSINESS & COMMUNITY TOGETHER TO ACT ON ISSUES VITAL TO THE MINNESOTA ECONOMY
Describe the Organization's Program Activity:
Part 3 - Line 4a
MINNESOTA: 2030THE MINNESOTA CHAMBER FOUNDATION PRODUCED RESEARCH ON MINNESOTA'S ECONOMY. MINNESOTA: 2030 WAS A STUDY OF THE STATE'S ECONOMY, DESIGNED TO PROVIDE A FRAMEWORK FOR GROWTH IN THE NEXT DECADE AND BEYOND. THE REPORT WAS RELEASED IN MAY OF 2021.
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 IS DRIVEN BY LOCAL EMPLOYERS AND FUELED BY THE ENGAGEMENT AND PARTNERSHIP OF STUDENTS AND EDUCATORS. IT CONNECTS EMPLOYERS WITH MIDDLE, HIGH SCHOOL AND COLLEGE STUDENTS TO MAKE THEM AWARE OF AND PREPARE THEM FOR CAREER OPPORTUNITIES IN THEIR OWN COMMUNITIES. LOCAL EMPLOYERS THROUGH LOCAL CHAMBERS OF COMMERCE DEVELOP THEIR OWN PROGRAMS TO RESPOND TO LOCAL NEEDS. NEARLY 25 LOCAL CHAMBERS ARE BEN PARTNERS, AND THAT NUMBER IS GROWING. THE CENTER IS ALSO HOME TO THE FOUNDATION'S WORKFORCE DIVERSITY AND INCLUSION INITIATIVE. 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.
LEADERS LAB HAS CONCLUDED SEVEN YEARS OF THE PROGRAM WITH WELLOVER 200 ALUMNI. THE PROGRAM IS MODELED AFTER LEADERSHIP MINNESOTA BUT TARGETS DEVELOPING BUSINESS LEADERS. LEADERS LAB WILL TAKE 35 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.
Name (title) | Role | Hours | Compensation |
---|---|---|---|
Jon Campbell Chair | OfficerTrustee | 1 | $0 |
Susan Marvin Past Chair | OfficerTrustee | 1 | $0 |
Jennifer Byers Executive Director Mcf/sec/treasurer | Officer | 40 | $0 |
Annette Kojetin Vice President, CFO | Officer | 1 | $0 |
Doug Loon President | Trustee | 1 | $0 |
Rick Bauerly Director | Trustee | 1 | $0 |
Statement of Revenue | |
---|---|
Federated campaigns | $0 |
Membership dues | $0 |
Fundraising events | $0 |
Related organizations | $227,000 |
Government grants | $0 |
All other contributions, gifts, grants, and similar amounts not included above | $508,469 |
Noncash contributions included in lines 1a–1f | $0 |
Total Revenue from Contributions, Gifts, Grants & Similar | $735,469 |
Total Program Service Revenue | $206,587 |
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 | $942,056 |
Statement of Expenses | |
---|---|
Grants and other assistance to domestic organizations and domestic governments. | $478,802 |
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. | $177,396 |
Compensation of current officers, directors, key employees. | $65,637 |
Compensation to disqualified persons | $0 |
Other salaries and wages | $44,283 |
Pension plan accruals and contributions | $0 |
Other employee benefits | $0 |
Payroll taxes | $0 |
Fees for services: Management | $0 |
Fees for services: Legal | $21,907 |
Fees for services: Accounting | $2,627 |
Fees for services: Lobbying | $0 |
Fees for services: Fundraising | $0 |
Fees for services: Investment Management | $0 |
Fees for services: Other | $71,440 |
Advertising and promotion | $0 |
Office expenses | $15,768 |
Information technology | $0 |
Royalties | $0 |
Occupancy | $600 |
Travel | $80,143 |
Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
Conferences, conventions, and meetings | $48,975 |
Interest | $5,457 |
Payments to affiliates | $0 |
Depreciation, depletion, and amortization | $0 |
Insurance | $2,975 |
All other expenses | $639 |
Total functional expenses | $951,012 |
Balance Sheet | |
---|---|
Cash—non-interest-bearing | $792,905 |
Savings and temporary cash investments | $0 |
Pledges and grants receivable | $0 |
Accounts receivable, net | $23,985 |
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 | $816,890 |
Accounts payable and accrued expenses | $96,071 |
Grants payable | $0 |
Deferred revenue | $106,400 |
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 | $202,471 |
Net assets without donor restrictions | -$327,604 |
Net assets with donor restrictions | $942,023 |
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 | $816,890 |
Over the last fiscal year, Minnesota Chamber Foundation has awarded $272,463 in support to 19 organizations.
Grant Recipient | Amount |
---|---|
Minneapolis, MN PURPOSE: ENERGY AND WASTE PROGRAMS | $28,215 |
FOCUS ARTS LLC PURPOSE: ENERGY AND WASTE PROGRAMS | $27,179 |
ARIEL INC PURPOSE: ENERGY AND WASTE PROGRAMS | $25,588 |
CITY OF LAKES WALDORF SCHOOL PURPOSE: ENERGY AND WASTE PROGRAMS | $24,285 |
Washington, DC PURPOSE: ENERGY AND WASTE PROGRAMS | $19,000 |
PREMIER LIGHTING PURPOSE: ENERGY AND WASTE PROGRAMS | $18,089 |
Over the last fiscal year, we have identified 3 grants that Minnesota Chamber Foundation has recieved totaling $45,000.
Awarding Organization | Amount |
---|---|
Tides Foundation San Francisco, CA PURPOSE: HEALTHY INDIVIDUALS AND COMMUNITIES | $25,000 |
Saint Paul & Minnesota Foundation Saint Paul, MN PURPOSE: MULTIPLE GRANTS FOR MULTIPLE PURPOSES | $10,000 |
Initiative Foundation Little Falls, MN PURPOSE: SUPPORT THE ORGANIZATION THROUGH THE MINNESOTA 2030 STUDY | $10,000 |
Organization Name | Assets | Revenue |
---|---|---|
The Northwest Minnesota Foundation Bemidji, MN | $91,824,995 | $19,432,128 |
Margies Smile Inc Franklin, WI | $36,893 | $1,255,015 |
Eagles Healing Nest Sauk Centre, MN | $105,845 | $1,003,495 |
Minnesota Chamber Foundation St Paul, MN | $816,890 | $942,056 |
Arkansas Western Gas Company Post- Retirement VEBA for Noncollectively Barg Rapid City, SD | $2,100,012 | $348,727 |
Sanford Underground Research Facility Foundation Lead, SD | $468,446 | $243,566 |
620 Foundation Cedar Rapids, IA | $5,850 | $0 |
Quincy And Bessie Robinson Trust 97312280 Milwaukee, WI | $920,980 | $176,385 |
Minnesota Vietnam Veterans Charity Roseville, MN | $71,257 | $42,356 |
Temple Marsch Fbo Milwaukee, WI | $172,722 | $32,419 |
Middle Ground Incorporated Milwaukee, WI | $14,152 | $0 |
Live Like Ava Inc Abrams, WI | $23,233 | $0 |