Is it real?
Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Oct 1983.
IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File
Where the money goes
81 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
21 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 15aYes
Programs and updates
Connects Minnesota businesses and communities to strengthen the state's economy and develop workforce solutions that help employers find skilled, qualified workers.
Questions for Minnesota Chamber Foundation
Your first name shows with your question. Minnesota Chamber Foundation answers here, for everyone.
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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.
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.
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.
Funders
Who pays for it.
From grant filings on record. Receipts are incomplete: individual donors are never listed.
Grants
By the numbers
The FY2023 990, line by line.
Download 990
| Line | Start FY23 | End FY23 |
|---|---|---|
| Cash and savingsLn 1–2 | $709K | $642K |
| Total assetsLn 16 | $744K | $971K |
| LiabilitiesLn 26 | $157K | $233K |
| Net assetsLn 32 | $587K | $738K |
| Line | Total | Programs | Management | Fundraising |
|---|---|---|---|---|
| Grants to domestic organizationsLn 1 | $414K | $414K | ||
| Pay of current officers, directors and key staffLn 5 | $195K | $119K | $72K | $4K |
| Other salaries and wagesLn 7 | $186K | $138K | $40K | $8K |
| Other employee benefitsLn 9 | $328 | $279 | $33 | $16 |
| Accounting feesLn 11c | $7K | $1K | $6K | |
| Other fees for servicesLn 11g | $58K | $69 | $58K | |
| Office expensesLn 13 | $14K | $13K | $1K | $10 |
| OccupancyLn 16 | $618 | $445 | $148 | $25 |
| TravelLn 17 | $96K | $96K | $332 | |
| Conferences, conventions and meetingsLn 19 | $77K | $74K | $2K | $1K |
| InterestLn 20 | $6K | $6K | ||
| InsuranceLn 23 | $6K | $6K | ||
| Other expenses (24a–d)Ln 24 | $9K | $8K | $884 | |
| Total functional expensesLn 25 | $1.1M | $863K | $193K | $13K |
Filing history
| Year | Money in | Money out | In minus out | Net assets | Download |
|---|---|---|---|---|---|
| FY2025 Latest | $1.0M | $1.1M | −$36K | $648K | 990 PDF |
| FY2024 | $1.4M | $1.4M | −$54K | $684K | 990 PDF |
| FY2023 Viewing | $1.2M | $1.1M | $151K | $738K | 990 PDF |
| FY2022 | $930K | $958K | −$27K | $587K | 990 PDF |
| FY2021 | $942K | $951K | −$9K | $614K | 990 PDF |
| FY2020 | $1.1M | $898K | $155K | $623K | 990 PDF |
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Schedules filed Part IV
See the full FY2023 990 (6 parts)
Part I · Summary $1,220,735 revenue, 12 lines filed
Part VI · Governance 13 of 15 board members independent, no flags
Part VIII · Statement of revenue $1,220,735 across 5 lines filed
Part IX · Statement of functional expenses $1,069,695 across 13 lines filed
Part X · Balance sheet $971,066 assets, 11 lines filed
Part XI · Reconciliation of net assets $738,026 net assets at year end
Form 990 e-file (XML) FY2023 from the IRS · Classification, formation year and address from the IRS Business Master File
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