Form 990 for tax year 2022

Revenue

Part VIII, the statement of revenue.

• 1c · Fundraising events

  $26,150

• 2a · Program service revenue: MEMBERSHIP DUES

  total $5,106,093 · related or exempt $5,106,093

• 2b · Program service revenue: EDUCATION PROGRAMS

  total $660,832 · related or exempt $660,832

• 2c · Program service revenue: OTHER SPECIAL PROGRAMS

  total $599,886 · related or exempt $599,886

• 2d · Program service revenue: SPONSORSHIP INCOME

  total $167,000 · related or exempt $167,000

• 2e · Program service revenue: GROW MN!

  total $29,750 · related or exempt $29,750

• 3 · Investment income

  total $134,754 · excluded $134,754

• 5 · Royalties

  total $65,000 · excluded $65,000

• 6a · Gross rents

  real property $97,049

• 6b · Less rental expenses

  real property $13,167

• 6c · Rental income or loss

  real property $83,882

• 6d · Net rental income or loss

  total $83,882 · excluded $83,882

• 7a · Gross sales of assets other than inventory

  securities $726,441

• 7b · Less cost or other basis and sales expenses

  securities $787,118

• 7c · Gain or loss

  securities -$60,677

• 7d · Net gain or loss

  total -$60,677 · excluded -$60,677

• 8a · Fundraising events: gross income

  $38,715

• 8a · Fundraising events: contributions included on line 1c

  $26,150

• 8b · Fundraising events: direct expenses

  $37,473

• 8c · Net income from fundraising events

  total $1,242 · excluded $1,242

• 11a · Other revenue: MISCELLANEOUS

  total $43,279 · excluded $43,279

• 11e · Other revenue, total

  $43,279

Functional expenses

Part IX, the statement of functional expenses.

• 1 · Grants to domestic organizations and governments

  total $150,000

• 5 · Compensation of officers, directors and key employees

  total $1,130,807

• 7 · Other salaries and wages

  total $2,359,449

• 8 · Pension plan contributions

  total $114,359

• 9 · Other employee benefits

  total $164,263

• 10 · Payroll taxes

  total $220,586

• 11g · Fees: other

  total $269,268

• 12 · Advertising and promotion

  total $21,643

• 13 · Office expenses

  total $46,976

• 14 · Information technology

  total $81,207

• 16 · Occupancy

  total $304,350

• 17 · Travel

  total $60,122

• 19 · Conferences, conventions and meetings

  total $17,291

• 20 · Interest

  total $38,979

• 22 · Depreciation, depletion and amortization

  total $81,951

• 23 · Insurance

  total $44,246

• 24a · Other expenses: POLITICAL ACTIVITIES

  total $756,769

• 24b · Other expenses: PROGRAM EXPENSES

  total $296,460

• 24c · Other expenses: EDUCATION/SEMINARS

  total $201,865

• 24d · Other expenses: DUES AND SUBSCRIPTIONS

  total $54,385

• 24e · All other expenses

  total $137,488

Balance sheet

Part X, book values.

• 1 · Cash, non-interest-bearing

  beginning of year $3,390,613 · end of year $681,269

• 2 · Savings and temporary cash investments

  end of year $2,016,840

• 4 · Accounts receivable

  beginning of year $200,288 · end of year $273,871

• 9 · Prepaid expenses and deferred charges

  beginning of year $150,121 · end of year $144,336

• 10a · Land, buildings and equipment: cost or other basis

  $941,253

• 10b · Land, buildings and equipment: accumulated depreciation

  $272,520

• 10c · Land, buildings and equipment, net

  beginning of year $737,671 · end of year $668,733

• 11 · Investments: publicly traded securities

  beginning of year $3,249,911 · end of year $3,927,361

• 12 · Investments: other securities

  beginning of year $16,520 · end of year $27,337

• 15 · Other assets

  beginning of year $1,884,846 · end of year $1,834,725

• 17 · Accounts payable and accrued expenses

  beginning of year $1,121,051 · end of year $901,162

• 19 · Deferred revenue

  beginning of year $1,940,176 · end of year $1,729,592

• 25 · Other liabilities

  beginning of year $2,597,584 · end of year $2,536,802

• 27 · Net assets without donor restrictions

  beginning of year $3,901,151 · end of year $4,120,497

• 28 · Net assets with donor restrictions

  beginning of year $70,008 · end of year $286,419

Itemized on Schedule J with no Part VII listing of the same name on this return:

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 · 100% owned · share of income $370,304 · share of assets $117,103 · controlled entity