Is it real?
Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Oct 1986.
IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File
Where the money goes
92 cents of each dollar spent went to programs.
Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.
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Who runs it and what they're paid
4 people listed on the 990.
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Questions the 990 asks
The form asks each of these directly. These are the filed answers.
- Family or business ties among officersPt VI · Ln 2No
- Top official's pay set by an independent reviewPt VI · Ln 15aNo
Programs and updates
Supports the Chamber's work to build a vibrant, equitable economy.
Questions for Minneapolis Regional Chamber Development Foundation
Your first name shows with your question. Minneapolis Regional Chamber Development Foundation answers here, for everyone.
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Economic Development
Through the minneapolis regional chamber development foundation, the chamber engages in an ongoing initiative to address a regional transit system.
Leadership Twin Cities
Each year, leadership twin cities takes a cohort of 50+ high potential individuals through a nine-month program of civic education and leadership skills development. The program's mission is to identify, cultivate and inspire successive generations of community leaders, by examining critical issues and resources, to ensure the social…
Keystone
Minnesota keystone program promotes corporate philanthropy by recognizing and honoring companies that donate at least 2% of their pre-tax earnings to charitable organizations. Qualifying companies have an operating presence in minnesota and donate cash, in-kind donations, including pro-bono services, AND/OR employee paid volunteer time.
Funders
Who pays for it.
From grant filings on record. Receipts are incomplete: individual donors are never listed.
Grants
By the numbers
The FY2020 990, line by line.
Download 990
| Line | Start FY20 | End FY20 |
|---|---|---|
| Cash and savingsLn 1–2 | $365K | $950K |
| Total assetsLn 16 | $530K | $1.6M |
| LiabilitiesLn 26 | $158K | $681K |
| Net assetsLn 32 | $372K | $963K |
| Line | Total | Programs | Management | Fundraising |
|---|---|---|---|---|
| Grants to domestic individualsLn 2 | $7K | $7K | ||
| Other salaries and wagesLn 7 | $515K | $451K | $64K | |
| Accounting feesLn 11c | $5K | $5K | ||
| Other fees for servicesLn 11g | $114K | $114K | ||
| Office expensesLn 13 | $1K | $965 | $137 | |
| Information technologyLn 14 | $5K | $5K | $666 | |
| OccupancyLn 16 | $31K | $27K | $4K | |
| TravelLn 17 | $7K | $6K | $270 | |
| InterestLn 20 | $611 | $611 | ||
| InsuranceLn 23 | $2K | $2K | ||
| Other expenses (24a–d)Ln 24 | $393K | $383K | $10K | |
| Total functional expensesLn 25 | $1.1M | $995K | $86K | $0 |
Filing history
| Year | Money in | Money out | In minus out | Net assets | Download |
|---|---|---|---|---|---|
| FY2024 Latest | $1.7M | $1.9M | −$228K | −$477K | 990 PDF |
| FY2023 | $1.6M | $2.3M | −$640K | −$249K | 990 PDF |
| FY2022 | $1.6M | $2.0M | −$388K | $562K | 990 PDF |
| FY2021 | $1.7M | $1.8M | −$23K | $940K | 990 PDF |
| FY2020 Viewing | $1.7M | $1.1M | $591K | $963K | 990 PDF |
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Schedules filed Part IV
See the full FY2020 990 (6 parts)
Part I · Summary $1,671,491 revenue, 12 lines filed
Part VI · Governance 4 of 4 board members independent, 1 to look at
Part VIII · Statement of revenue $1,671,491 across 7 lines filed
Part IX · Statement of functional expenses $1,080,874 across 11 lines filed
Part X · Balance sheet $1,643,579 assets, 12 lines filed
Part XI · Reconciliation of net assets $962,812 net assets at year end
Form 990 e-file (XML) FY2020 from the IRS · Classification, formation year and address from the IRS Business Master File
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