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Nonprofiteer
← CHAMBER FOUNDATION

Form 990 for tax year 2022

Filed by CHAMBER FOUNDATION.

Totals

Total revenue
$1,437,511
Total expenses
$1,187,714
Contributions and grants received
$1,436,369
Grants paid
$164,931
Program service revenue
$0
Investment income
$1,142
Other revenue
$0
Total assets, end of year
$639,163
Total liabilities, end of year
$82,398
Net assets or fund balances, end of year
$556,765
Program services expenses (Part IX)
$949,349
Management and general expenses
$238,365
Fundraising expenses
$0
Program service expenses (Part III)
$949,349

Program services were 79.9% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Listed in Part VII

  • PETER STENJHEM

    TREASURER

    Total calculated
    $0
    Hours/week
    1

  • TAMI NORGARD

    CHAIR

    Total calculated
    $0
    Hours/week
    1

  • CHAD FLANAGAN

    VICE CHAIR

    Total calculated
    $0
    Hours/week
    1

  • SHANNON FULL

    SECRETARY

    Total calculated
    $316,537
    From this org
    $0
    From related orgs
    $293,651
    Other
    $22,886
    Hours/week
    1 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $293,651 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0 + $14,978 related
    Nontaxable benefits
    $0 + $7,908 related
    Filer's total
    $0 + $316,537 related

  • JIM PARSONS

    EXECUTIVE VP (LEFT 10/2022)

    Total calculated
    $175,516
    From this org
    $0
    From related orgs
    $154,811
    Other
    $20,705
    Hours/week
    5 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $154,811 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0 + $7,814 related
    Nontaxable benefits
    $0 + $12,891 related
    Filer's total
    $0 + $175,516 related

  • NICOLE MELAND

    VICE PRESIDENT (STARED 7/2023)

    Total calculated
    $0
    Hours/week
    5 + 40 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

  • FOLKWAYS COMMUNITY DEVELOPMENT CORPORATION

    $63,739

    CREATE AND IMPLEMENT PILOT PROGRAMS THAT ADDRESS TH E NEED TO CREATE CONNECTIONS BETWEEN STUDENTS, EMPLOYERS, AND THE COMMUNITY.

  • EMERGING PRAIRIE

    $50,086

    TO DEVELOP THE SKILLED WORKFORCE NEEDED TO SUPPORT THE LOCAL AGRICULTURE, MANUFACTURING, AND TECHNOLOGY INDUSTRIES.

  • GRAND FARM RESEARCH AND EDUCATION INITIATIVE INC

    $26,156

    TO DEVELOP THE SKILLED WORKFORCE NEEDED TO SUPPORT THE LOCAL AGRICULTURE, MANUFACTURING, AND TECHNOLOGY INDUSTRIES.

  • MINNESOTA STATE COLLEGES AND UNIVERSITIES

    $6,000

    STRENGTHEN CHAMBER OF COMMERCE PARTNERSHIPS WITH COMMUNITY COLLEGES AND COMMUNITY ORGANIZATIONS TO INCREASE THE NUMBER OF ADULT LEARNERS OF COLOR WHO EARN AN INDUSTRY-RELEVANT CREDENTIAL OR DEGREE.

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
12 July 2024
IRS schema version
2022v5.0
Source object
202401949349301135

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