Rochester Chamber Of Commerce Foundation Inc

Organization Overview

Rochester Chamber Of Commerce Foundation Inc is located in Rochester, MN. The organization was established in 1991. According to its NTEE Classification (B60) the organization is classified as: Adult Education, under the broad grouping of Education and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Rochester 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 12/2019, Rochester Chamber Of Commerce Foundation Inc generated $92.7k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 4 years, the organization has seen revenues fall by an average of (28.6%) each year. All expenses for the organization totaled $101.7k during the year ending 12/2019. As we would expect to see with falling revenues, expenses have declined by (26.7%) per year over the past 4 years. You can explore the organizations financials more deeply in the financial statements section below.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2019

Describe the Organization's Mission:

Part 3 - Line 1

TO SUPPORT AND ADVANCE THE CHARITABLE INTERESTS OF THE ROCHESTER AREA CHAMBER OF COMMERCE THROUGH EDUCATION AND WORKFORCE DEVELOPMENT PROGRAMS WHICH PROMOTE P-16 EDUCATION INITIATIVES, CREATION OF DIVERSE AND FLEXIBLE WORKPLACES, LEADERSHIP DEVELOPMENT WHICH ENCOURAGES A DYNAMIC AND INNOVATIVE VISION OF THE FUTURE, PLANNING, RESEARCH AND COMMUNITY EDUCATION TO ANTICIPATE AND COMMUNICATE FUTURE COMMUNITY NEEDS AND CHALLENGES, AND PARTNERSHIPS BETWEEN THE BUSINESS COMMUNITY AND EDUCATIONAL, GOVERNMENTAL AND NON-PROFIT ORGANIZATIONS.

Describe the Organization's Program Activity:

Part 3 - Line 4a

LEADERSHIP GREATER ROCHESTER - THE LGR CLASS OF 2019-2020 PARTNERED WITH THRESHOLD ARTS TO CREATE THE CRATE ART LENDING LIBRARY. THE LIBRARY IS A REGIONAL PROVIDER OF CULTURAL EXPRESSION AND ART LENDING WITH THE MISSION OF: CREATING EQUAL ACCESS TO ART IN THE GREATER ROCHESTER AREA, INCREASING EXPOSURE FOR ARTISTS, AND PROMOTING GROWTH AND INNOVATION FOR THE FUTURE OF THE ARTS.


DR. MARTIN LUTHER KING JR. BREAKFAST - DR. MARTIN LUTHER KING, JR. BREAKFAST IS A SIGNATURE EVENT OF THE FOUNDATION, THIS BREAKFAST ENGAGES OVER 300 COMMUNITY LEADERS AND IDENTIFIES A LOCAL, DIVERSITY CHAMPION TO CELEBRATE THE LIFE, WORK AND WISDOM OF MARTIN LUTHER KING, JR. THROUGH AN INSPIRATIONAL MESSAGE. THIS LOCAL CHAMPION WORKS TO INSPIRE COMMUNITY LEADERS TO TAKE AN ACTIVE.


HUBSOURCE - SE MINNESOTA'S ECONOMY IS GROWING. WHEN YOU COMBINE DESTINATION MEDICAL CENTER'S STRATEGIC GROWTH PLANS AND OUR EXISTING LABOR GAPS THERE IS A NEED TO ACT. BY CONNECTING PEOPLE, RESOURCES, AND JOBS ON A REGIONAL AND NATIONAL SCALE, THE FOUNDATION WITH ITS COMMUNITY PARTNERS SEEK TO MAKE BIG GAINS IN OUR LABOR FORCE NEEDS. THE CREATION OF A NEW WEB PLATFORM HUBSOURCE.MN IS BEING DEVELOPED FOR SOUTHEAST MINNESOTA TO CONNECT EMPLOYERS WITH WORKFORCE NEEDS AND THOSE INDIVIDUALS SEEKING JOBS.


STEM - SUMMITS ARE A COMPONENT OF A COMMUNITY INITIATIVE TO PROMOTE ADVANCED SCIENCE, TECHNOLOGY, ENGINEERING AND MATH ("STEM") COURSEWORK TO GREATER ROCHESTER AREA STUDENTS. THE FUTURE SUCCESS OF GREATER ROCHESTER'S ECONOMY DEPENDS ON A WELL-PREPARED PIPELINE OF STUDENTS WITH THE EDUCATION AND SKILLS NEEDED TO KEEP ROCHESTER AREA'S BUSINESS AND INDUSTRY COMPETITIVE. "STEM" SUMMITS BRING TOGETHER BUSINESS, HIGHER EDUCATION, LOCAL GOVERNMENT AND COMMUNITIES TO MOTIVATE AND PREPARE OUR STUDENTS FOR AN INCREASINGLY COMPETITIVE GLOBAL MARKETPLACE. THE SUMMIT FIRST BEGAN IN THE FALL OF 2009 WITH 400 STUDENTS WHO ENJOYED INTERACTIVE SCIENCE EXHIBITS AND DEMONSTRATIONS. IT HAS SINCE GROWN TO INCLUDE 2,400 STUDENTS FROM ROCHESTER AND SURROUNDING AREA SCHOOLS. AND SURROUNDING AREA SCHOOLS.


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Board, Officers & Key Employees

Name (title)Compensation
Kathleen Harrington
President
$0
Matt Bissonette
Vice President
$0
Greg House
Chair
$0
Aaron Benike
Chair Elect
$0
Mike Busch
Treasurer
$0
Emily Benner
Secretary
$0

Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$0
Fundraising events$0
Related organizations$0
Government grants $0
All other contributions, gifts, grants, and similar amounts not included above$54,888
Noncash contributions included in lines 1a–1f $0
Total Revenue from Contributions, Gifts, Grants & Similar$54,888
Total Program Service Revenue$36,835
Investment income $993
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 $92,716

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