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Nonprofiteer
← MINNESOTA CHAMBER FOUNDATION

Form 990 for tax year 2023

Filed by MINNESOTA CHAMBER FOUNDATION.

Totals

Total revenue
$1,351,042
Total expenses
$1,404,742
Contributions and grants received
$1,084,444
Grants paid
$266,156
Program service revenue
$266,598
Investment income
$0
Other revenue
$0
Total assets, end of year
$879,691
Total liabilities, end of year
$195,365
Net assets or fund balances, end of year
$684,326
Program services expenses (Part IX)
$1,242,468
Management and general expenses
$150,137
Fundraising expenses
$12,137
Program service expenses (Part III)
$1,242,468

Program services were 88.4% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Line items

Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.

Revenue

Part VIII, the statement of revenue.

  • 1d · Related organizations

    $602,500

  • 1f · All other contributions, gifts and grants

    $481,944

  • 2a · Program service revenue: TUITION

    total $240,944 · related or exempt $240,944

  • 2b · Program service revenue: ALUMNI EVENT

    total $19,654 · related or exempt $19,654

  • 2c · Program service revenue: PROGRAM FEES

    total $6,000 · related or exempt $6,000

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $266,156 · program services $266,156

  • 7 · Other salaries and wages

    total $394,563 · program services $259,926 · management and general $123,122 · fundraising $11,515

  • 9 · Other employee benefits

    total $250 · program services $250

  • 11c · Fees: accounting

    total $5,203 · program services $900 · management and general $4,303

  • 11g · Fees: other

    total $156,349 · program services $156,188 · management and general $161

  • 13 · Office expenses

    total $15,694 · program services $3,845 · management and general $11,838 · fundraising $11

  • 16 · Occupancy

    total $624 · program services $449 · management and general $150 · fundraising $25

  • 17 · Travel

    total $102,266 · program services $101,778 · management and general $488

  • 19 · Conferences, conventions and meetings

    total $77,497 · program services $74,589 · management and general $2,322 · fundraising $586

  • 20 · Interest

    total $6,859 · management and general $6,859

  • 23 · Insurance

    total $894 · management and general $894

  • 24a · Other expenses: WASTE WISE EXPENSES

    total $367,370 · program services $367,370

  • 24b · Other expenses: ALUMNI EVENTS

    total $11,017 · program services $11,017

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $641,566 · end of year $718,392

  • 4 · Accounts receivable

    beginning of year $329,500 · end of year $159,299

  • 9 · Prepaid expenses and deferred charges

    beginning of year $0 · end of year $2,000

  • 17 · Accounts payable and accrued expenses

    beginning of year $99,244 · end of year $64,773

  • 19 · Deferred revenue

    beginning of year $133,796 · end of year $130,592

  • 27 · Net assets without donor restrictions

    beginning of year -$137,072 · end of year $98,160

  • 28 · Net assets with donor restrictions

    beginning of year $875,098 · end of year $586,166

Mission and programs · 2023

Mission

THE ORGANIZATION'S MISSION IS TO BRING STAKEHOLDERS TOGETHER TO PROMOTE PROSPERITY AND LONG-TERM GROWTH OF MINNESOTA'S ECONOMY.

Activities or mission (Part I)

TO BRING STAKEHOLDERS TOGETHER TO PROMOTE PROSPERITY & LONG-TERM GROWTH OF MINNESOTA'S ECONOMY.

  • ECONOMIC RESEARCH: IN FEBRUARY OF 2024, THE MINNESOTA CHAMBER FOUNDATION RELEASED ITS' ANALYSIS OF MINNESOTA'S ENVIRONMENTAL PERMITTING SYSTEM. THIS DATA DRIVEN, SCIENTIFIC REPORT ASSEMBLED DATA FROM MULTIPLE STATES ACROSS THE COUNTRY AND THE MINNESOTA POLLUTION CONTROL AGENCY (MPCA) TO ASSESS AND BENCHMARK PERMITTING TIMELINES FOR AIR AND WATER, AND THE ENVIRONMENTAL REVIEW PROCESS. THIS YEARLONG STUDY ALSO INCLUDED THE SUPPORT OF OUTSIDE CONSULTANTS. IT WAS THE FIRST REPORT IN MORE THAN 30 YEARS THAT ASSEMBLED STATISTICS AND DATA TO MEASURE PERMITTING TIMELINES IN MINNESOTA. THE REPORT PROVIDED RECOMMENDATIONS TO IMPROVE CERTAINTY AND TIMELINES WHILE MAINTAINING MINNESOTA'S COMMITMENT TO PUBLIC HEALTH AND THE ENVIRONMENT.

    Expenses $204,948

  • 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.

    Expenses $632,564 · Grants $266,156

  • 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 IN 2024 AND THAT WORK CONTINUED IN 2024. THE CENTER IS ALSO HOME TO THE FOUNDATION'S WORKFORCE INCLUSION INITIATIVE. RESOURCES AND CONSULTING ARE PROVIDED FOR EMPLOYERS ACROSS MINNESOTA. THE INCLUSIVE LEADER'S ALLIANCE WAS LAUNCHED LAST YEAR. ANOTHER AREA OF FOCUS IS HIGHLIGHTING AND ADVANCING THE ROLE OF NEW AMERICANS TO MINNESOTA'S ECONOMY, BOTH AS WORKERS AND ENTREPRENEURS.

    Expenses $176,364

  • LEADERSHIP MINNESOTA: WE ARE CURRENTLY IN THE 24TH 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. 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 TEN YEARS OF THE PROGRAM WITH WELL OVER 300 ALUMNI. THIS PROGRAM IS MODELED AFTER LEADERSHIP MINNESOTA BUT TARGETS DEVELOPING BUSINESS LEADERS. LEADERS LAB WILL TAKES 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.

    Expenses $136,649 · Revenue $266,598

  • EDUCATION: THE FOUNDATION HOSTS SEVERAL EVENTS AND WEBINARS ANNUALLY TO EDUCATE BUSINESS AND COMMUNITY LEADERS ON ISSUES AROUND THE ECONOMY AND WORKFORCE.

    Expenses $91,943

As filed on the 2023 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Doug Loon

    PRESIDENT/CEO

    Total calculated
    $604,866
    From this org
    $0
    From related orgs
    $573,300
    Other
    $31,566
    Hours/week
    1 + 39 related

    Schedule J breakdown matched by us

    Base
    $0 + $374,103 related
    Bonus
    $0 + $189,976 related
    Other
    $0 + $9,221 related
    Deferred
    $0 + $19,800 related
    Nontaxable benefits
    $0 + $11,766 related
    Filer's total
    $0 + $604,866 related
  • Jennifer Byers

    EXECUTIVE DIRECTOR

    Total calculated
    $200,497
    From this org
    $0
    From related orgs
    $187,424
    Other
    $13,073
    Hours/week
    30 + 10 related

    Schedule J breakdown matched by us

    Base
    $0 + $168,017 related
    Bonus
    $0 + $17,770 related
    Other
    $0 + $1,637 related
    Deferred
    $0 + $10,081 related
    Nontaxable benefits
    $0 + $2,992 related
    Filer's total
    $0 + $200,497 related
  • Jeff Deyoung

    CHAIR

    Total calculated
    $0
    Hours/week
    1
  • Traci Tapani

    CHAIR-ELECT

    Total calculated
    $0
    Hours/week
    1
  • Jon Campbell

    PAST CHAIR

    Total calculated
    $0
    Hours/week
    1
  • Rick Bauerly

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • Lisa Bodine

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • Jill Renslow

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • Darin Lynch

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • John Marshall

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • Susan Marvin

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • Tim Penny

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • David Rudolph

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • Eric Black

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • Bret Weiss

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • Lara Juras

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • Annette Kojetin

    VICE PRESIDENT/CFO

    Total calculated
    $212,743
    From this org
    $0
    From related orgs
    $187,484
    Other
    $25,259
    Hours/week
    1 + 39 related

    Schedule J breakdown matched by us

    Base
    $0 + $161,495 related
    Bonus
    $0 + $25,989 related
    Other
    $0
    Deferred
    $0 + $9,689 related
    Nontaxable benefits
    $0 + $15,570 related
    Filer's total
    $0 + $212,743 related
  • Laura Bordelon

    SR. VICE PRESIDENT

    Total calculated
    $327,683
    From this org
    $0
    From related orgs
    $298,243
    Other
    $29,440
    Hours/week
    0 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $244,811 related
    Bonus
    $0 + $42,917 related
    Other
    $0 + $10,515 related
    Deferred
    $0 + $14,640 related
    Nontaxable benefits
    $0 + $14,800 related
    Filer's total
    $0 + $327,683 related
  • Bentley Graves

    DIRECTOR

    Total calculated
    $193,681
    From this org
    $0
    From related orgs
    $175,602
    Other
    $18,079
    Hours/week
    0 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $169,389 related
    Bonus
    $0 + $6,213 related
    Other
    $0
    Deferred
    $0 + $10,129 related
    Nontaxable benefits
    $0 + $7,950 related
    Filer's total
    $0 + $193,681 related
  • Elizabeth Kadoun

    VICE PRESIDENT

    Total calculated
    $181,910
    From this org
    $0
    From related orgs
    $166,867
    Other
    $15,043
    Hours/week
    0 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $155,507 related
    Bonus
    $0 + $11,360 related
    Other
    $0
    Deferred
    $0 + $9,331 related
    Nontaxable benefits
    $0 + $5,712 related
    Filer's total
    $0 + $181,910 related
  • Jennifer Munyer

    VICE PRESIDENT

    Total calculated
    $176,252
    From this org
    $0
    From related orgs
    $164,780
    Other
    $11,472
    Hours/week
    5 + 35 related

    Schedule J breakdown matched by us

    Base
    $0 + $141,403 related
    Bonus
    $0 + $23,377 related
    Other
    $0
    Deferred
    $0 + $8,484 related
    Nontaxable benefits
    $0 + $2,988 related
    Filer's total
    $0 + $176,252 related
  • Victoria Stute

    VICE PRESIDENT

    Total calculated
    $169,314
    From this org
    $0
    From related orgs
    $158,833
    Other
    $10,481
    Hours/week
    0 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $135,686 related
    Bonus
    $0 + $23,147 related
    Other
    $0
    Deferred
    $0 + $8,141 related
    Nontaxable benefits
    $0 + $2,340 related
    Filer's total
    $0 + $169,314 related

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.

Schedule J

Answered yes

None.

Answered no

  • 4a · Severance or change-of-control payment
  • 4b · Supplemental nonqualified retirement plan
  • 4c · Equity-based compensation arrangement
  • 5a · Pay contingent on this organization's revenues
  • 5b · Pay contingent on a related organization's revenues
  • 6a · Pay contingent on this organization's net earnings
  • 6b · Pay contingent on a related organization's net earnings
  • 7 · Other non-fixed payments
  • 8 · Paid under the initial-contract exception

Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.

Grants on this return

  • HIGHLAND COLLISION CENTER

    $51,913

    ENERGY AND WASTE PROGRAMS

  • HD COIN LAUNDRY

    $11,025

    ENERGY AND WASTE PROGRAMS

  • GASSEN COMPANY

    $10,927

    ENERGY AND WASTE PROGRAMS

  • ENERGY AND WASTE PROGRAMS

  • FANETA DEVELOPMENT LLC

    $9,384

    ENERGY AND WASTE PROGRAMS

  • UNI-SYSTEMS LLC

    $8,003

    ENERGY AND WASTE PROGRAMS

  • EDGE ASSOCIATES

    $8,000

    ENERGY AND WASTE PROGRAMS

  • MILLERBERND MANUFACTURING

    $8,000

    ENERGY AND WASTE PROGRAMS

  • SAGAL MANAGEMENT

    $8,000

    ENERGY AND WASTE PROGRAMS

  • ENERGY AND WASTE PROGRAMS

The 10 largest by cash amount. The API serves every itemized grant.

Related organizations on this return

Schedule R Part II: tax-exempt organizations related to the filer by control. It does not record shared board members or money.

  • MINNESOTA CHAMBER OF COMMERCE

    501(C)(6) · PROMOTING PUBLIC POLICY & JOB GROWTH STRATEGIES · MN

  • MINNESOTA WASTE WISE FOUNDATION

    501(C)(3) · ASSIST BUSINESSES TO REDUCE WASTE & PROTECT THE ENVIRONMENT · MN · controlled entity

    Directly controlled by MINNESOTA CHAMBER OF COMMERCE

  • JOBS FOR MINNESOTANS

    501(C)(4) · INDEPENDENT EXPENDITURE ORGANIZATION · MN

  • UNITED FOR JOBS

    501(C)(6) · SUPPORTS PRO-BUSINESS PUBLIC POLICY IN MN · MN

  • PRO JOBS MAJORITY

    527 · SUPPORTS PRO-BUSINESS CANDIDATES IN MN LEGISLATURE · MN · controlled entity

    Directly controlled by MINNESOTA CHAMBER OF COMMERCE

Taxable family on this return

Schedule R Parts I, III and IV, as filed. These record ownership and control, not shared board members or money moved.

Related corporations and trusts

Part IV: related organizations taxable as a corporation or trust.

  • MINNESOTA CHAMBER BUSINESS SERVICES

    C · MARKET AND PROMOTE PRODUCTS AND SERVICES TO MN CHAMBER MEMBERS · MN · controlled entity

Provenance

Return type
form_990
Tax year
2023
Filed
9 July 2025
IRS schema version
2023v6.0
Source object
202531919349300978

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