Nonprofit · EIN 36-3468708
MINNEAPOLIS REGIONAL CHAMBER DEVELOPMENT FOUNDATION
Tax-exempt · MINNEAPOLIS, MN 55402
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $1,679,780 | $1,907,457 | -$227,677 | $533,080 | $1,009,615 | -$476,535 |
| December 31, 2023 | 990 | $1,617,688 | $2,257,696 | -$640,008 | $872,882 | $1,121,740 | -$248,858 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $1,140,721
- Program service revenue
- $165,794
- Investment income
- $0
- Other revenue
- $373,265
Expenses
- Grants and similar amounts paid
- $128,100
- Other salaries and wages
- $991,104
- Salaries, compensation and benefits (total)
- $991,104
- Professional fundraising fees
- $0
- Legal fees
- $29,348
- Accounting fees
- $9,765
- Occupancy
- $59,149
- Travel
- $16,702
- Program services (functional)
- $1,736,971
- Management and general (functional)
- $170,486
Balance sheet and other
- Total assets, start of year
- $872,882
- Total assets, end of year
- $533,080
- Total liabilities, end of year
- $1,009,615
- Net assets, end of year
- -$476,535
- Land, buildings and equipment
- $10,524
- Net assets without donor restrictions
- -$648,350
- Net assets with donor restrictions
- $171,815
- Gross receipts
- $1,679,780
- Employees
- 0
- Volunteers
- 85
- Year formed
- 1986
- State of legal domicile
- MN
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990 for the year ended December 31, 2024, highest compensation first.
| Name | Title | Hours / week | Compensation | From related orgs | Other / benefits |
|---|---|---|---|---|---|
| JONATHAN WEINHAGEN | FORMER PRESIDENT & CEO Trustee or director, Officer | 18 | $0 | $113,589 | $22,800 |
| MIKE LOGAN | PRESIDENT & CEO Trustee or director, Officer | 18 | $0 | $51,589 | $621 |
| JOHN STANOCH | INTERIM PRESIDENT & CEO Trustee or director, Officer | 18 | $0 | $0 | $621 |
| DARREL GERMAN | CHAIR Trustee or director, Officer | 1 | $0 | $0 | $0 |
| KARLY BARAGA WERNER | CHAIR-ELECT Trustee or director, Officer | 1 | $0 | $0 | $0 |
| DAVID PRINCE | TREASURER Trustee or director, Officer | 1 | $0 | $0 | $0 |
990 for the year ended December 31, 2023: 4 people
| Name | Title | Hours / week | Compensation | From related orgs | Other / benefits |
|---|---|---|---|---|---|
| JONATHAN WEINHAGEN | FORMER PRESIDENT/CEO Trustee or director, Officer | 19 | $0 | $234,561 | $43,173 |
| CASSIE NELSON | CHAIR Trustee or director, Officer | 1 | $0 | $0 | $0 |
| DAVID PRINCE | TREASURER Trustee or director, Officer | 1 | $0 | $0 | $0 |
| DARREL GERMAN | BOARD CHAIR Trustee or director, Officer | 1 | $0 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- 81 S 9TH ST STE 200, MINNEAPOLIS, MN 55402-3225
- Mailing address (990-N for 2016)
- 81 South Ninth Street Suite 200, Minneapolis MN 55402
- Principal officer (990 for 2024)
- MIKE LOGAN, 81 SOUTH NINTH STREET 200, MINNEAPOLIS, MN 55402
- Principal officer (990-N for 2016)
- Jonathan Weinhagen, 81 South Ninth Street Suite 200, Minneapolis MN 55402
- Signed the 990
- MIKE LOGAN, PRESIDENT & CEO
- Phone
- (612) 370-9100
- Website
- WWW.MPLSCHAMBER.ORG
- Return prepared by
- CLIFTONLARSONALLEN LLP
Mission
THE MISSION OF THE MINNEAPOLIS REGIONAL CHAMBER DEVELOPMENT FOUNDATION IS TO OFFER INNOVATIVE WAYS OF REDUCING UNEMPLOYMENT, IMPROVE EDUCATIONAL OPPORTUNITIES FOR DISADVANTAGED YOUTH, INITIATE AND CONDUCT LEADERSHIP DEVELOPMENT PROGRAMS AND PROMOTE EFFORTS THAT ENHANCE THE QUALITY OF LIFE AND LEADERSHIP SKILLS IN THE MINNEAPOLIS AND ST. PAUL AREAS.
Program accomplishments
- COMMUNITY LEADERSHIP: THROUGH THE MINNEAPOLIS REGIONAL CHAMBER DEVELOPMENT FOUNDATION, THE CHAMBER ENGAGES IN AN ONGOING INITIATIVE TO PROMOTE EDUCATION AND LEADERSHIP THROUGH SCHOLARSHIP PROGRAMS AND CONFERENCES AND AN EMERGING LEADERS SERIES.Expenses $954,087
- LEADERSHIP TWIN CITIES: EACH YEAR, LEADERSHIP TWIN CITIES TAKES A COHORT OF 50+ HIGH POTENTIAL INDIVIDUALS THROUGH A NINE-MONTH PROGRAM OF CIVIC EDUCATION AND LEADERSHIP SKILLS DEVELOPMENT. THE PROGRAM'S MISSION IS TO IDENTIFY, CULTIVATE AND INSPIRE SUCCESSIVE GENERATIONS OF COMMUNITY LEADERS, BY EXAMINING CRITICAL ISSUES AND RESOURCES, TO ENSURE THE SOCIAL, CULTURAL AND ECONOMIC PROSPERITY OF THE MINNEAPOLIS-SAINT PAUL REGION. FOR MORE THAN 40 YEARS, LEADERSHIP TWIN CITIES HAS INFORMED MORE THAN 2,000 CIVIC LEADERS ABOUT THE CRITICAL ISSUES FACING THE REGION. PARTICIPANTS SPEND ONE DAY EACH MONTH FROM SEPTEMBER-MAY EXPLORING TOPICS SUCH AS ECONOMIC DEVELOPMENT, EDUCATION, ARTS AND CULTURE, COMMUNITY SAFETY, HEALTH CARE AND GOVERNMENT.Expenses $427,769 · revenue $155,324
- KEYSTONE: MINNESOTA KEYSTONE PROGRAM PROMOTES CORPORATE PHILANTHROPY BY RECOGNIZING AND HONORING COMPANIES THAT DONATE AT LEAST 2% OF THEIR PRE-TAX EARNINGS TO CHARITABLE ORGANIZATIONS. QUALIFYING COMPANIES HAVE AN OPERATING PRESENCE IN MINNESOTA AND DONATE CASH, IN-KIND DONATIONS, INCLUDING PRO-BONO SERVICES, AND/OR EMPLOYEE PAID VOLUNTEER TIME. MINNESOTA KEYSTONE COMPANIES RECEIVE RECOGNITION ON THE MINNESOTA KEYSTONE WEBSITE AND AT AN ANNUAL EVENT. MINNESOTA KEYSTONE HAS BEEN OPERATING CONSISTENTLY SINCE 1976 AND IS A GREAT REFLECTION OF MINNESOTA'S SPIRIT OF GENEROSITY AND SENSE OF COMMUNITY.Expenses $211,993 · revenue $10,470
- ELEVATE FUTURES: ELEVATE FUTURES IS AN INTERACTIVE CAREER DEVELOPMENT PLATFORM THAT LINKS RECRUITMENT, SKILL BUILDING AND CAREER NAVIGATION INTO ONE COMPREHENSIVE SYSTEM. ELEVATE FUTURES PROVIDES A UNIQUE SOLUTION TO CLOSE THE WORKFORCE GAPS. IT INFORMS, EDUCATES AND DEVELOP STUDENTS AND JOB SEEKERS, WHILE DIRECTLY CONNECTING THEM TO LOCAL EMPLOYERS, CAREER COUNSELORS, CAREER PATHWAYS AND JOBS. ELEVATE BUSINESS HC - BUSINESSES IN MINNEAPOLIS AND BROADER HENNEPIN COUNTY ARE ELIGIBLE TO RECEIVE FREE BUSINESS ADVISING AND CONSULTING SERVICES THROUGH ELEVATE BUSINESS HC, A NEW INITIATIVE OFFERING NO-COST BUSINESS ADVISING AND OTHER RESOURCES TO HELP BUSINESSES RECOVER FROM THE PANDEMIC AND BUILD FOR FUTURE GROWTH. REALTIME TALENT PARTNERS WITH K-12 EDUCATION, POST-SECONDARY EDUCATION, INDUSTRY ASSOCIATIONS, COMMUNITY-BASED TRAINING ORGANIZATIONS, AND THE PUBLIC SECTOR TO ENSURE STUDENTS AND JOB-SEEKERS HAVE THE SKILLS AND EXPERIENCE NEEDED TO GROW IN HIGH-DEMAND OPPORTUNITIES.Expenses $143,122 · grants $128,100
What it must file and when
IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in December, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | December 31, 2025 | May 15, 2026 | Not on file |
| 2024 | December 31, 2024 | May 15, 2025 | 990 on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990 on file |
IRS record
- EIN
- 36-3468708
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Publicly supported organization (170(b)(1)(A)(vi))
- Donations deductible (Pub 78)
- Public charity, 50% deduction limit
- Exempt since
- 1986
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Community improvement and capacity building (S20Z)
- Assets (IRS master file)
- $533,080
- Income (IRS master file)
- $1,679,780
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $1,679,780 | $1,907,457 | $533,080 | XML |
| 990 | December 2023 | $1,617,688 | $2,257,696 | $872,882 | XML |
| 990 | December 2022 | $1,612,535 | $2,000,512 | $1,336,749 | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990 | December 2020 | – | – | – | IRS |
| 990 | December 2018 | – | – | – | IRS |
| 990-N for 2016 Officer: Jonathan Weinhagen | December 31, 2016 | ≤ $50,000 receipts | – | – | e-Postcard |
990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 36-3468708).
Questions about MINNEAPOLIS REGIONAL CHAMBER DEVELOPMENT FOUNDATION
- What is the EIN of MINNEAPOLIS REGIONAL CHAMBER DEVELOPMENT FOUNDATION?
- The employer identification number (EIN) of MINNEAPOLIS REGIONAL CHAMBER DEVELOPMENT FOUNDATION is 36-3468708.
- Is MINNEAPOLIS REGIONAL CHAMBER DEVELOPMENT FOUNDATION tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1986.
- Are donations to MINNEAPOLIS REGIONAL CHAMBER DEVELOPMENT FOUNDATION tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does MINNEAPOLIS REGIONAL CHAMBER DEVELOPMENT FOUNDATION file?
- Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
- When is the next return of MINNEAPOLIS REGIONAL CHAMBER DEVELOPMENT FOUNDATION due?
- The return for tax year 2025 (the year ending December 31, 2025) is due May 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did MINNEAPOLIS REGIONAL CHAMBER DEVELOPMENT FOUNDATION last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended December 2024.
- Who is the principal officer of MINNEAPOLIS REGIONAL CHAMBER DEVELOPMENT FOUNDATION?
- The 990 for the year ended December 31, 2024 names MIKE LOGAN.
- Who are the officers and directors of MINNEAPOLIS REGIONAL CHAMBER DEVELOPMENT FOUNDATION?
- The 990 for the year ended December 31, 2024 lists 6 people; 0 received compensation from the organization.
- How much revenue does MINNEAPOLIS REGIONAL CHAMBER DEVELOPMENT FOUNDATION have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $1,679,780, expenses of $1,907,457 and total assets of $533,080 at year end.
Other nonprofits in MINNEAPOLIS
- SERVEMINNESOTA EIN 41-2010058 · last filed 990 for 2025
- AMERICAN ACADEMY OF NEUROLOGY EIN 61-1532062 · last filed 990 for 2025
- COMMUNITY REINVESTMENT FUND INC EIN 41-1616861 · last filed 990 for 2025
- GROUNDBREAK COALITION EIN 99-3615471 · last filed 990 for 2025
- GREAT PLAINS INSTITUTE FOR SUSTAINABLE DEVELOPMENT EIN 41-1921126 · last filed 990 for 2025
- MINNEAPOLIS DOWNTOWN IMPROVEMENT DISTRICT EIN 26-4259628 · last filed 990 for 2024
- INSTITUTE FOR LOCAL SELF RELIANCE INC EIN 23-7394104 · last filed 990 for 2025
- MERCHANT ADVISORY GROUP EIN 37-1558379 · last filed 990 for 2024
All nonprofits in MINNEAPOLIS · Minnesota · Community improvement and capacity building