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Nonprofiteer
← ST PAUL CHAMBER OF COMMERCE FOUNDATION INC

Form 990 for tax year 2022

Filed by ST PAUL CHAMBER OF COMMERCE FOUNDATION INC.

Totals

Total revenue
$553,351
Total expenses
$898,167
Contributions and grants received
$382,368
Grants paid
$185,500
Program service revenue
$173,561
Investment income
$43
Other revenue
-$2,621
Total assets, end of year
$402,273
Total liabilities, end of year
$140,918
Net assets or fund balances, end of year
$261,355
Program services expenses (Part IX)
$783,724
Management and general expenses
$29,314
Fundraising expenses
$85,129
Program service expenses (Part III)
$783,724

Program services were 87.3% 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.

  • 1c · Fundraising events

    $27,655

  • 1f · All other contributions, gifts and grants

    $354,713

  • 2a · Program service revenue: PROGRAM REVENUE

    total $129,811 · related or exempt $129,811

  • 2b · Program service revenue: OTHER PROGRAM FEES

    total $37,100 · related or exempt $37,100

  • 2c · Program service revenue: SPONSORSHIPS

    total $6,650 · related or exempt $6,650

  • 3 · Investment income

    total $43 · excluded $43

  • 8a · Fundraising events: gross income

    $0

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

    $27,655

  • 8b · Fundraising events: direct expenses

    $16,721

  • 8c · Net income from fundraising events

    total -$16,721 · excluded -$16,721

  • 9a · Gaming: gross income

    $27,100

  • 9b · Gaming: direct expenses

    $13,000

  • 9c · Net income from gaming

    total $14,100 · excluded $14,100

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $185,500 · program services $185,500

  • 7 · Other salaries and wages

    total $292,720 · program services $204,904 · management and general $14,636 · fundraising $73,180

  • 9 · Other employee benefits

    total $6,343 · program services $4,440 · management and general $317 · fundraising $1,586

  • 10 · Payroll taxes

    total $20,954 · program services $14,668 · management and general $1,048 · fundraising $5,238

  • 11g · Fees: other

    total $65,116 · program services $64,166 · management and general $950

  • 13 · Office expenses

    total $10,986 · program services $6,419 · management and general $2,275 · fundraising $2,292

  • 16 · Occupancy

    total $11,333 · program services $7,933 · management and general $567 · fundraising $2,833

  • 17 · Travel

    total $1,540 · management and general $1,540

  • 23 · Insurance

    total $550 · management and general $550

  • 24a · Other expenses: DIRECT PROGRAM/COMMITTE

    total $295,694 · program services $295,694

  • 24b · Other expenses: DUES/MEMBERSHIPS

    total $4,089 · management and general $4,089

  • 24c · Other expenses: BANK FEES/OTHER

    total $3,342 · management and general $3,342

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $482,336 · end of year $205,093

  • 2 · Savings and temporary cash investments

    beginning of year $163,491 · end of year $163,534

  • 4 · Accounts receivable

    beginning of year $28,231 · end of year $33,646

  • 9 · Prepaid expenses and deferred charges

    beginning of year $210 · end of year $0

  • 17 · Accounts payable and accrued expenses

    beginning of year $51,647 · end of year $106,974

  • 19 · Deferred revenue

    beginning of year $16,450 · end of year $33,944

  • 27 · Net assets without donor restrictions

    beginning of year $248,179 · end of year $165,169

  • 28 · Net assets with donor restrictions

    beginning of year $357,992 · end of year $96,186

Mission and programs · 2022

Mission

THE SAINT PAUL AREA CHAMBER OF COMMERCE CHARITABLE FOUNDATION IS THE FUND DEVELOPMENT ARM OF THE CHAMBER THAT MAKES IT POSSIBLE FOR THE CHAMBER TO MORE FULLY REALIZE ITS VISION. THE FOUNDATION'S MISSION IS TO MAKE TARGETED INVESTMENTS TO DEVELOP AND SUPPORT ENGAGED LEADERS WHO ENHANCE A VIBRANT EAST METRO BUSINESS COMMUNITY.

Activities or mission (Part I)

TO GROW STRONG LEADERS AND PREPARE TOMORROW'S EMPLOYEES.

  • GENERAL PROGRAMS: SUPPORT OF EVENTS, MEETINGS, AND PUBLICATIONS THAT PROVIDE THE ADVANCEMENT OF CIVIC, SOCIAL, COMMERCIAL, AND ECONOMIC INTERESTS OF THE CITY OF SAINT PAUL AND SURROUNDING EAST METRO AREA.

    Expenses $549,288 · Grants $85,500 · Revenue $34,325

  • WE LOVE SAINT PAUL FUND: PROVIDE DIRECT SUPPORT, THROUGH EMERGENCY RELIEF FUNDS, TO SMALL BUSINESSES AND NONPROFITS IMPACTED BY UNREST.

    Expenses $100,175 · Grants $100,000 · Revenue $2,505

  • THE DEI COLLABORATIVE TRANSFORMS EMPLOYER ORGANIZATIONS TO BE MORE DIVERSE, EQUITABLE, AND INCLUSIVE BY FACILITATING DEEP LEARNING WITH SENIOR LEADERS. WE SUPPORT EXECUTIVES IN DEEPENING THEIR PERSONAL COMMITMENT TO DIVERSITY, EQUITY, AND INCLUSION AND LEVERAGING THAT COMMITMENT TO LEAD MEANINGFUL CHANGE. THE PROGRAM FEATURES PROFESSIONALLY-FACILITATED, CROSS-SECTOR COHORTS WITH EACH COHORT BEING LIMITED TO 15 EXECUTIVE-LEVEL LEADERS AND IT INCLUDES INDIVIDUAL COACHING AND SUPPORT WITH ONGOING SUPPORT BEYOND THE COHORT EXPERIENCE.

    Expenses $86,575 · Revenue $25,250

  • LEADERSHIP ST. PAUL (LSP): LSP IS THE CHAMBER'S FLAGSHIP ADULT LEARNING PROGRAM CENTERED ON COMMUNITY LEADERSHIP THAT PREPARES, CHALLENGES, AND ENGAGES EMERGING AND EXISTING LEADERS TO STRENGTHEN THE SAINT PAUL/EAST METRO REGION. THE CLASS HAS A MONTHLY PROGRAM DAY AND COMMUNITY PROJECTS TO COMPLETE IN GROUPS. IN 2022, THE FOUNDATION GRADUATED 44 INDIVIDUALS WHO COMPLETED THREE PROJECTS FOR ONE NONPROFIT ORGANIZATION.

    Expenses $47,686 · Revenue $111,481

  • RIGHT TRACK PROGRAM: THE CHAMBER PROMOTES AND RECRUITS MEMBERS TO PARTICIPATE IN THE CITY OF SAINT PAUL'S RIGHT TRACK PROGRAM WHICH IS RUN BY THE FOUNDATION. THE RIGHT TRACK PROGRAM TARGETS STUDENTS IN THE SAINT PAUL PUBLIC SCHOOL SYSTEM WITH SUMMER INTERNSHIPS AT PARTICIPATING BUSINESSES.

As filed on the 2022 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • BRENDA KYLE

    PRESIDENT & SECRETARY

    Total calculated
    $266,619
    From this org
    $0
    From related orgs
    $241,588
    Other
    $25,031
    Hours/week
    4 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $185,932 related
    Bonus
    $0 + $42,750 related
    Other
    $0 + $12,906 related
    Deferred
    $0 + $12,667 related
    Nontaxable benefits
    $0 + $12,364 related
    Filer's total
    $0 + $266,619 related

  • KATHLEEN LOHMAR EXEL

    FOUNDATION DIRECTOR

    Total calculated
    $93,267
    From this org
    $0
    From related orgs
    $88,395
    Other
    $4,872
    Hours/week
    1 + 40 related

  • AMANDA KNUTSON

    CHAIR

    Total calculated
    $0
    Hours/week
    0.3

  • SCOTT RYNDA

    TREASURER

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • JUSTIN BIEGANEK

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.3

  • DANA COTTRELL

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.3

  • NICKI DONLON

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.3

  • THERESE GALES

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.3

  • JULIA JENSON

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.3

  • KARYN BERG

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • JAMES LOCKWOOD

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.3

  • EMILY POST

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.3

  • TAMARA PRATO

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.3

  • SUCHI SAIRAM

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.3

  • PATRICK SIEVERT

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.3

  • SARA SWENSON

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.3

  • CAROLE E WILKIE

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.3

  • RACHEL REILING

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.3

  • WILL SCHROEER

    EXECUTIVE DIRECTOR, EMS

    Total calculated
    $136,493
    From this org
    $0
    From related orgs
    $124,606
    Other
    $11,887
    Hours/week
    1 + 41 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

  • 3 · Compensation committee
  • 3 · Compensation survey or study
  • 3 · Approval by the board or compensation committee

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

The filer's explanations (Part III)

PART I, LINE 3
THE EXECUTIVE COMMITTEE REVIEWS AND APPROVES COMPENSATION FOR THE PRESIDENT BASED ON COMPARABLE DATA FOR SIMILAR POSITIONS. LAST DONE IN 2022, BASED ON MID-AMERICA CHAMBER EXECUTIVES SURVEY, IN WHICH SPAC PARTICIPATED.

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

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.

Provenance

Return type
form_990
Tax year
2022
Filed
13 November 2023
IRS schema version
2022v5.0
Source object
202313199349311071

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