2024-11-14T11:34:24-06:00 2023-12-31 410746749 CLIFTONLARSONALLEN LLP 2689 COMMERCE DRIVE NW SUITE 201 ROCHESTER MN 55901 990 2023-01-01 410506950 ROCHESTER AREA CHAMBER OF COMMERCE ROCH 5072881122 220 S BROADWAY 100 ROCHESTER MN 55904 RYAN PARSONS PRESIDENT 5072881122 2024-11-12 1 1 KATHERINE LUTZKE CPA P01760889 5072802300 2024-11-12 2023 2024-10-15 13:58:12Z RYAN PARSONS 220 S BROADWAY 100 ROCHESTER MN 55904 1313131 0 X WWW.ROCHESTERMNCHAMBER.COM X 1866 MN THE CHAMBER PROMOTES BUSINESS SUCCESS WHICH SUPPORTS A THRIVING COMMUNITY. 20 20 12 36 22344 0 734435 0 307734 1248141 5377 16735 76639 46669 1124185 1311545 0 0 0 0 577645 667473 0 0 0 559583 636544 1137228 1304017 -13043 7528 1701955 1694119 673509 658145 1028446 1035974 X THE CHAMBER PROMOTES BUSINESS SUCCESS WHICH SUPPORTS A THRIVING COMMUNITY. 0 0 CHAMBER ANNUAL MEMBER CELEBRATION - THIS IS AN EVENING OF GOOD FOOD, GREAT ENTERTAINMENT AND NETWORKING. THIS CELEBRATION HONORS THE VOLUNTEER OF THE YEAR, SMALL BUSINESS OF THE YEAR AND LAMP OF KNOWLEDGE AWARD WINNERS. THIS EVENT ALSO RECOGNIZES ROCHESTER BUSINESS GIVES PARTICIPANTS. THESE BUSINESSES ARE RECOGNIZED FOR GIVING CASH AND/OR IN-KIND CONTRIBUTIONS TO CHARITABLE ORGANIZATIONS AMOUNTING TO 2 PERCENT OR MORE OF THEIR PRETAX EARNINGS. THE PROGRAM IS BASED ON THE MINNESOTA KEYSTONE PROGRAM CRITERIA ESTABLISHED IN 1976 BY THE MINNEAPOLIS REGIONAL CHAMBER OF COMMERCE. OVER 700 MEMBERS ATTEND THIS EVENT. THE CHAIR OF THE BOARD GIVES YEAR-IN-REVIEW HIGHLIGHTS AND THE INCOMING CHAIR OF THE BOARD PRESENTS THE CHAMBER'S PRIORITIES FOR THE UPCOMING YEAR. SINCE 1987, THE CHAMBER'S LEADERSHIP GREATER ROCHESTER (LGR) PROGRAM HAS PROPELLED LEADERS IN THE COMMUNITY TO FURTHER BE INSPIRED, CONNECTED AND ENLIGHTENED. THE 1,000+ ALUMNI WHO HAVE GRADUATED FROM LGR HAVE GONE ON TO SERVE IN VARIOUS CIVIC, COMMUNITY, AND BUSINESS LEADERSHIP POSITIONS. THE LGR NETWORK STRETCHES ACROSS THE COMMUNITY, PRESENT IN ALMOST EVERY SECTOR.THIS 10-MONTH PROGRAM IMMERSES THREE DOZEN LEADERS IN SESSIONS EXAMINING EVERYTHING FROM ECONOMIC DEVELOPMENT AND THE LOCAL ARTS SCENE, TO WORKFORCE DEVELOPMENT AND BUILDING A SUSTAINABLE COMMUNITY. THROUGH ENRICHING CONVERSATIONS, BEHIND-THE-SCENES TOURS, AND WORK ON THE COMMUNITY IMPACT PROJECT, THE LGR EXPERIENCE BUILDS LIFELONG RELATIONSHIPS AND PROVIDES OPPORTUNITIES FOR BUSINESS AND COMMUNITY LEADERS TO SHAPE AND CONTRIBUTE TO THE FABRIC OF THE GREATER ROCHESTER AREA. ANNUAL GOLF OUTING - A TIME FOR OUR MEMBERSHIP TO COME TOGETHER AND ENJOY OUR MINNESOTA SUMMER WEATHER. THIS IS A FANTASTIC OPPORTUNITY FOR LEADERS TO CONNECT WITH OTHERS FROM THEIR OWN BUSINESS AND NETWORK WITH ROCHESTER AREA BUSINESS LEADERS. MEMBERS HAVE AN OPPORTUNITY TO PROMOTE THEIR BUSINESS AND ENJOY A DAY OF GOLF. LEMONADE DAY IS A COMMUNITY-WIDE PROGRAM THAT TEACHES LOCAL YOUTH ENTREPRENEURIAL AND LIFE SKILLS AS THEY LEARN HOW TO START THEIR VERY OWN BUSINESS, A LEMONADE STAND. THEY LEARN HOW TO DEVELOP A BUSINESS AND EXPERIENCE ALL THE ASPECTS OF MAINTAINING A BUSINESS, SUCH AS CREATING A PRODUCT, ESTABLISHING A BUDGET, DESIGNING A MARKETING PLAN, AND SO MUCH MORE. 0 0 0 1 0 0 0 0 0 1 0 0 0 0 1 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 1 0 0 1 6 0 1 12 1 1 1 0 0 0 0 0 0 0 X 20 20 0 0 0 0 1 1 1 1 1 1 0 1 1 1 1 1 1 1 0 0 X RYAN PARSONS 5072881122 220 S BROADWAY STE 100 ROCHESTER MN 55904 SCOTT EGGERT CHAIR 1.00 1.00 X X 0 0 0 STEVE DUNN CHAIR-ELECT 1.00 1.00 X X 0 0 0 JESSICA EIDEM TREASURER 1.00 1.00 X X 0 0 0 JOHN ECKERMAN SECRETARY 1.00 1.00 X X 0 0 0 DR CHRISTINE BEECH SECRETARY (THROUGH SEPT) 1.00 1.00 X X 0 0 0 GWEN STEVENS DIRECTOR AT LARGE 0.50 1.00 X 0 0 0 DOUG HOLTAN DIRECTOR 0.50 0.00 X 0 0 0 DR JEFFREY BOYD DIRECTOR 0.50 0.00 X 0 0 0 ULISES GONZALES DIRECTOR 0.50 0.00 X 0 0 0 CHAD LAUNDERVILLE DIRECTOR 0.50 0.00 X 0 0 0 CHAD BEHNKEN DIRECTOR 0.50 0.00 X 0 0 0 JARETT JONES DIRECTOR 0.50 0.00 X 0 0 0 HEATHER DONOVAN DIRECTOR 0.50 0.00 X 0 0 0 TOM LEMIER DIRECTOR 0.50 0.00 X 0 0 0 KELSEY VASZILY DIRECTOR 0.50 0.00 X 0 0 0 KRISTY SUTTON DIRECTOR 0.50 0.00 X 0 0 0 MARGE KELLEY DIRECTOR 0.50 0.00 X 0 0 0 OMAR NUR DIRECTOR 0.50 0.00 X 0 0 0 SANTHI ARUNACHALAM DIRECTOR 0.50 0.00 X 0 0 0 SYLWIA OLIVER DIRECTOR 0.50 0.00 X 0 0 0 ABEL GARCIA DIRECTOR 0.50 0.00 X 0 0 0 NIKKI MENSING DIRECTOR (THROUGH SEPT) 0.50 0.00 X 0 0 0 JACK PRIGGEN DIRECTOR (THROUGH SEPT) 0.50 0.00 X 0 0 0 DR LORI CARRELL DIRECTOR (THROUGH SEPT) 0.50 0.00 X 0 0 0 CHRISTY BLADE DIRECTOR (THROUGH SEPT) 0.50 0.00 X 0 0 0 DAVID PEDERSON DIRECTOR (THROUGH SEPT) 0.50 0.00 X 0 0 0 RYAN PARSONS PRESIDENT 65.00 1.00 X 144200 0 4452 CHERYL KRAGE DIRECTOR OF OPERATIONS 45.00 1.00 X 12775 0 0 156975 0 4452 1 0 0 0 0 MEMBERSHIP DUES 561499 776446 776446 CHAMBER FUNCTIONS 561499 262331 262331 SPONSORSHIP INCOME 561499 209364 187020 22344 1248141 18321 18321 31030 0 31030 31030 31030 1586 -1586 -1586 -1586 MISCELLANEOUS INCOME 561499 15639 15639 15639 1311545 1225797 22344 63404 161427 387915 9817 65731 42583 106 49115 45079 27386 39836 97890 86221 16553 8981 BAD DEBT EXPENSE 73126 MEMBER RELATIONS PROGRA 71249 ADVOCACY PROGRAM EXPENS 41805 NETWORKING EVENTS 20450 58747 1304017 590156 374408 730917 781633 91377 160645 11856 48576 783382 454525 277649 328857 1701955 1694119 74008 73277 599501 584868 673509 658145 X 1028446 1035974 1028446 1035974 1701955 1694119 7528 0 X 0 1 X 1 0 0 1 0 661509 396221 265288 121873 58304 63569 328857 X 1343495 31950 31950 1311545 0 1311545 1335967 31950 31950 1304017 0 1304017 PART X, LINE 2: THE CHAMBER IS EXEMPT FROM FEDERAL INCOME TAXES UNDER SECTION 501(A) OF THE INTERNAL REVENUE CODE, SINCE IT IS AN ORGANIZATION DESCRIBED UNDER SECTION 501(C)(6), AND COMPARABLE SECTIONS OF THE MINNESOTA INCOME TAX STATUTES. THE CHAMBER GENERATES UNRELATED BUSINESS INCOME FROM ADVERTISING THROUGH THE CHAMBER'S NEWSLETTER AND WEBSITE. INCOME TAXES FOR UNRELATED BUSINESS INCOME ACTIVITIES ARE ACCRUED AND INCLUDED IN THE STATEMENTS OF ACTIVITIES IN THE YEAR INCURRED. THE CHAMBER HAS EVALUATED ITS TAX POSITIONS AND DETERMINED THAT IT HAS NO UNCERTAIN TAX POSITIONS AS OF DECEMBER 31, 2023. X X X 0 0 0 FORM 990, PART VI, SECTION A, LINE 1A THE EXECUTIVE COMMITTEE IS COMPRISED OF CHAIR, CHAIR - ELECT, TREASURER, SECRETARY, AT LARGE MEMBER, PRESIDENT - NON - VOTING MEMBER. ALL ARE MEMBERS OF THE BOARD. THE EXECUTIVE COMMITTEE SHALL ACT FOR AND ON BEHALF OF THE BOARD OF DIRECTORS WHEN THE BOARD IS NOT IN SESSION BUT SHALL BE ACCOUNTABLE TO THE BOARD FOR ITS ACTIONS. FORM 990, PART VI, SECTION A, LINE 6 THE ORGANIZATION HAS MEMBERS. FORM 990, PART VI, SECTION A, LINE 7A THE ORGANIZATION'S MEMBERS ELECT THE BOARD OF DIRECTORS. FORM 990, PART VI, SECTION A, LINE 7B IN THE ELECTION OF NEW BOARD MEMBERS, THE ORGANIZATION'S MEMBERS HAVE THE POWER TO CONTEST A NOMINATION OR PROPOSE OTHER CANDIDATES. IF THIS HAPPENS, THE ENTIRE MEMBERSHIP VOTES ON THE NOMINATED CANDIDATES. FORM 990, PART VI, SECTION B, LINE 11B IT WILL BE SENT OUT TO BOARD MEMBERS. FORM 990, PART VI, SECTION B, LINE 12C ROCHESTER AREA CHAMBER OF COMMERCE IS A NONPROFIT, TAX-EXEMPT ORGANIZATION. MAINTENANCE OF ITS TAX-EXEMPT STATUS IS IMPORTANT BOTH FOR ITS CONTINUED FINANCIAL STABILITY AND FOR PUBLIC SUPPORT. THEREFORE, THE IRS AS WELL AS STATE REGULATORY AND TAX OFFICIALS VIEW THE OPERATIONS OF ROCHESTER AREA CHAMBER OF COMMERCE AS A PUBLIC TRUST, WHICH SUBJECTS TO SCRUTINY BY AND ACCOUNTABLE TO SUCH GOVERNMENTAL AUTHORITIES AS WELL AS TO MEMBERS OF THE PUBLIC. CONSEQUENTLY, THERE EXISTS BETWEEN ROCHESTER AREA CHAMBER OF COMMERCE AND ITS BOARD, OFFICERS, AND MANAGEMENT EMPLOYEES AND THE PUBLIC A FIDUCIARY DUTY, WHICH CARRIES WITH IT A BROAD AND UNBENDING DUTY OF LOYALTY AND FIDELITY. THE BOARD, OFFICERS, AND MANAGEMENT EMPLOYEES HAVE THE RESPONSIBILITY OF ADMINISTERING THE AFFAIRS OF ROCHESTER AREA CHAMBER OF COMMERCE HONESTLY AND PRUDENTLY, AND OF EXERCISING THEIR BEST CARE, SKILL, AND JUDGEMENT FOR THE SOLE BENEFIT OF ROCHESTER AREA CHAMBER OF COMMERCE. THOSE PERSONS SHALL EXERCISE THE UTMOST GOOD FAITH IN ALL TRANSACTIONS INVOLVED IN THEIR DUTIES, AND THEY SHALL NOT USE THEIR POSITIONS WITH ROCHESTER AREA CHAMBER OF COMMERCE OF KNOWLEDGE GAINED THERE FROM FOR THEIR PERSONAL BENEFIT. THE INTERESTS OF THE ORGANIZATION MUST BE THE FIRST PRIORITY IN ALL DECISIONS AND ACTIONS. ON AN ANNUAL BASIS THE CHAMBER REQUIRES ALL BOARD OF DIRECTORS TO COMPLETE A CONFLICT OF INTEREST QUESTIONNAIRE. THESE QUESTIONNAIRES ARE REVIEWED BY THE VICE PRESIDENT OF FINANCE & ADMINISTRATION AND ANY NOTED CONFLICT IS DISCUSSED INDIVIDUALLY WITH THE BOARD DIRECTOR INVOLVED AND RESOLVED IN THE BEST INTEREST OF THE CHAMBER. FORM 990, PART VI, SECTION B, LINE 15A THE ANNUAL REVIEW OF THE CHAMBER'S PRESIDENT IS PERFORMED BY THE BOARD OF DIRECTORS. THE VICE PRESIDENT OF FINANCE & ADMINISTRATION COMPILES SALARY AND BENEFIT INFORMATION FROM CHAMBERS OF SIMILAR SIZE IN MEMBERSHIP AND REVENUE (DUES AND NON-DUES). RECENT MARKET INFORMATION IS ALSO ACCUMULATED PERFORMANCE EVALUATIONS FOR THE PRESIDENT ARE PREPARED BY BOARD MEMBERS, STAFF AND MEMBERS-AT-LARGE WHO WERE SELECTED AT RANDOM. THIS EVALUATION INFORMATION IS COMPILED AND DELIVERED TO THE BOARD OF DIRECTORS. THE BOARD OFFICERS REVIEW THE EVALUATIONS AND THE SALARY ANALYSIS DATA AGAINST A LISTING OF THE PRESIDENT'S CURRENT SALARY AND BENEFITS. ADJUSTMENTS TO THE COMPENSATION PACKAGE ARE SENT FROM THE BOARD CHAIR DIRECTLY TO THE VP OF FINANCE & ADMINISTRATION, AND COMPENSATION IS RECORDED IN THE MEETING MINUTES. THE COMPENSATION FOR THE PRESIDENT RYAN PARSONS WAS DETERMINED IN 2019 BY THE BOARD CHAIR & VICE CHAIR UTILIZING DATA PROVIDED BY THE VICE PRESIDENT OF FINANCE & ADMINISTRATION REGARDING CHAMBER PRESIDENT SALARIES AND BY THEIR USE OF INTERNAL EXECUTIVE OFFICER COMPENSATION PACKAGES. THE COMPENSATION FOR OTHER OFFICERS\KEY EMPLOYEES OF THE ORGANIZATION IS DETERMINED BY THE PRESIDENT UTILIZING CHAMBER SALARY REPORTS AND STATE\REGIONAL SALARY REPORTS ON COMPARABLE POSITIONS COMPILED BY THE VICE PRESIDENT OF FINANCE & ADMINISTRATION. FORM 990, PART VI, SECTION C, LINE 19 THE CHAMBER DOES NOT MAKE AVAILABLE TO THE PUBLIC ITS AUDITED FINANCIAL STATEMENTS, ARTICLES OF INCORPORATION, BY-LAWS AND POLICIES. ROCHESTER CHAMBER OF COMMERCE FOUNDATION 220 S BROADWAY STE 100 ROCHESTER MN 55904 411675433 WORKFORCE DEVELOPMENT & EDUCATION MN 501(C)(3) LINE 10 ROCHESTER AREA CHAMBER OF COMMERCE 1 0 0 0 0 0 0 0 0 0 0 0 0 0 1 1 1 1 0 0