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Nonprofit · EIN 41-0417210

MINNESOTA CHAMBER OF COMMERCE AND INDUSTRY

Tax-exempt · SAINT PAUL, MN 55102

Financials

$6.9M$6.6M2022$7.9M$7.8M2023$7.7M$6.7M2024
Revenue Expenses · by fiscal year end
Financials of MINNESOTA CHAMBER OF COMMERCE AND INDUSTRY by year, from its e-filed returns
Year endedFormRevenueExpensesNet incomeTotal assetsLiabilitiesNet assets
September 30, 2025990$7,653,674$6,677,540$976,134$11,386,628$5,194,391$6,192,237
September 30, 2024990$7,949,827$7,849,751$100,076$10,265,599$5,267,440$4,998,159
September 30, 2023990$6,857,191$6,552,464$304,727$9,574,472$5,167,556$4,406,916
Financial details: 990 for the year ended September 30, 2025

Revenue

Contributions, gifts and grants
$30,750
Program service revenue
$7,145,339
Investment income
$239,392
Royalties
$65,000
Net rental income
$84,544
Net gain from sales of assets
$38,116
Net income from fundraising events
$7,118
Other revenue
$238,193

Expenses

Grants and similar amounts paid
$50,000
Compensation of officers, directors and key employees
$1,191,821
Other salaries and wages
$2,549,693
Salaries, compensation and benefits (total)
$4,238,056
Professional fundraising fees
$0
Occupancy
$301,744
Travel
$63,869
Depreciation
$84,644

Balance sheet and other

Total assets, start of year
$10,265,599
Total assets, end of year
$11,386,628
Total liabilities, end of year
$5,194,391
Net assets, end of year
$6,192,237
Land, buildings and equipment
$526,689
Publicly traded securities
$4,816,042
Net assets without donor restrictions
$5,505,893
Net assets with donor restrictions
$686,344
Gross receipts
$8,186,998
Employees
34
Volunteers
100
Year formed
1909
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 September 30, 2025, highest compensation first.

NameTitleHours / weekCompensationOther / benefits
DOUG LOONPRESIDENT/CEO
Trustee or director, Officer
29$580,332$29,431
LAURA BORDELONSR. VICE PRESIDENT
Key employee
38$301,512$27,655
ANNETTE KOJETINVICE PRESIDENT/CFO
Officer
27$194,732$22,454
JENNIFER BYERSEXEC DIR MN CHAMBER FDN
Highest-paid employee
7$196,791$13,852
BENTLEY GRAVESDIRECTOR
Highest-paid employee
40$179,870$19,638
BETH KADOUNVICE PRESIDENT
Highest-paid employee
40$163,737$25,699
JENNIFER MUNYERVICE PRESIDENT
Highest-paid employee
35$171,350$12,037
VICTORIA STUTEVICE PRESIDENT
Highest-paid employee
12$160,409$10,644
JILL BOLLETTIERICHAIR
Trustee or director, Officer
2$0$0
BILL KEEGANCHAIR-ELECT
Trustee or director, Officer
2$0$0
ANGELA HEIKESSECRETARY/TREASURER
Trustee or director, Officer
2$0$0
ROBIN ANTHONY-EVENSONDIRECTOR
Trustee or director
1$0$0
ERIC BLACKDIRECTOR
Trustee or director
1$0$0
ALYZA BOHBOT JAMESDIRECTOR
Trustee or director
1$0$0
ASHTON BOONDIRECTOR
Trustee or director
1$0$0
33 more people on this return
NameTitleHours / weekCompensation
MELISSA BRINKMANDIRECTOR
Trustee or director
1$0
JABARI BUSHDIRECTOR
Trustee or director
1$0
KRISTI CARLSONDIRECTOR
Trustee or director
1$0
JACK DAGGETTDIRECTOR
Trustee or director
1$0
LORI DAVIESDIRECTOR
Trustee or director
1$0
LESLIE DOCKANDIRECTOR
Trustee or director
1$0
BRETT EDELSONDIRECTOR
Trustee or director
1$0
VAL FINARTYDIRECTOR
Trustee or director
1$0
KENDALL GRIFFITHDIRECTOR
Trustee or director
1$0
WILL HALEDIRECTOR
Trustee or director
1$0
STACIE HOLDENDIRECTOR
Trustee or director
1$0
AMBER HOLMDIRECTOR
Trustee or director
1$0
KALYN HOVEDIRECTOR
Trustee or director
1$0
RYAN JACKSONDIRECTOR
Trustee or director
1$0
SANDY KARNOWSKIDIRECTOR
Trustee or director
1$0
RYAN KESSLERDIRECTOR
Trustee or director
1$0
HEIDI LARSONDIRECTOR
Trustee or director
1$0
BROOKE LEEDIRECTOR
Trustee or director
1$0
ERIC LEVENHAGENDIRECTOR
Trustee or director
1$0
MARY LOEFFELHOLZDIRECTOR
Trustee or director
1$0
LAURA OBERSTDIRECTOR
Trustee or director
1$0
JULIE PIERCEDIRECTOR
Trustee or director
1$0
BART PRINSDIRECTOR
Trustee or director
1$0
TOM RADOVICHDIRECTOR
Trustee or director
1$0
JAKE REINTDIRECTOR
Trustee or director
1$0
KARI RIHMDIRECTOR
Trustee or director
1$0
STEVE ROSENAUDIRECTOR
Trustee or director
1$0
CARLOS SEOANEDIRECTOR
Trustee or director
1$0
BEN THURINGERDIRECTOR
Trustee or director
1$0
WENDY UNGLAUBDIRECTOR
Trustee or director
1$0
ROSS WIDMOYERDIRECTOR
Trustee or director
1$0
ANTHONY WILLIAMSDIRECTOR
Trustee or director
1$0
SHANE ZUTZDIRECTOR
Trustee or director
1$0
990 for the year ended September 30, 2024: 48 people
NameTitleHours / weekCompensationOther / benefits
DOUG LOONPRESIDENT/CEO
Trustee or director, Officer
36$573,300$50,279
LAURA BORDELONSR. VICE PRESIDENT
Key employee
38$298,243$41,281
ANNETTE KOJETINVICE PRESIDENT/CFO
Officer
35$187,484$35,068
JENNIFER BYERSEXEC DIR MN CHAMBER FDN
Highest-paid employee
35$187,424$14,151
BENTLEY GRAVESDIRECTOR
Highest-paid employee
40$175,602$20,599
ELIZABETH KADOUNVICE PRESIDENT
Highest-paid employee
40$166,867$27,825
JENNIFER MUNYERVICE PRESIDENT
Highest-paid employee
35$164,780$15,050
VICTORIA STUTEVICE PRESIDENT
Highest-paid employee
12$158,833$12,881
JILL BOLLETTIERICHAIR
Trustee or director, Officer
2$0$0
BILL KEEGANCHAIR-ELECT
Trustee or director, Officer
2$0$0
ANGELA HEIKESSECRETARY/TREASURER
Trustee or director, Officer
2$0$0
MARY JO WILLIAMSONPAST CHAIR
Trustee or director, Officer
2$0$0
WILL HALEDIRECTOR
Trustee or director
1$0$0
ROBIN ANTHONY-EVENSONDIRECTOR
Trustee or director
1$0$0
WENDY UNGLAUBDIRECTOR
Trustee or director
1$0$0
KENDALL GRIFFITHDIRECTOR
Trustee or director
1$0$0
MELISSA BRINKMANDIRECTOR
Trustee or director
1$0$0
LESTER BAGLEYDIRECTOR
Trustee or director
1$0$0
STACIE HOLDENDIRECTOR
Trustee or director
1$0$0
GEOFF BAKERDIRECTOR
Trustee or director
1$0$0
JACK DAGGETTDIRECTOR
Trustee or director
1$0$0
BEN THURINGERDIRECTOR
Trustee or director
1$0$0
LORI DAVIESDIRECTOR
Trustee or director
1$0$0
BOB GARDNERDIRECTOR
Trustee or director
1$0$0
AMBER HOLMDIRECTOR
Trustee or director
1$0$0
KRISTY BARSEDIRECTOR
Trustee or director
1$0$0
ERIC BLACKDIRECTOR
Trustee or director
1$0$0
LESLIE DOCKANDIRECTOR
Trustee or director
1$0$0
KALYN HOVEDIRECTOR
Trustee or director
1$0$0
LINDA JOHNSONDIRECTOR
Trustee or director
1$0$0
KRISTI CARLSONDIRECTOR
Trustee or director
1$0$0
ROSS WIDMOYERDIRECTOR
Trustee or director
1$0$0
RYAN KESSLERDIRECTOR
Trustee or director
1$0$0
HEIDI LARSONDIRECTOR
Trustee or director
1$0$0
BROOKE LEEDIRECTOR
Trustee or director
1$0$0
MARY LOEFFELHOLZDIRECTOR
Trustee or director
1$0$0
TODD PAULSONDIRECTOR
Trustee or director
1$0$0
CARLOS SEOANEDIRECTOR
Trustee or director
1$0$0
MERCEDES JACKSONDIRECTOR
Trustee or director
1$0$0
TOM RADOVICHDIRECTOR
Trustee or director
1$0$0
ALYZA BOHBOT JAMESDIRECTOR
Trustee or director
1$0$0
STEVE ROSENAUDIRECTOR
Trustee or director
1$0$0
JAKE REINTDIRECTOR
Trustee or director
1$0$0
KARI RIHMDIRECTOR
Trustee or director
1$0$0
LAURA OBERSTDIRECTOR
Trustee or director
1$0$0
SANDY KARNOWSKIDIRECTOR
Trustee or director
1$0$0
BART PRINSDIRECTOR
Trustee or director
1$0$0
ANTHONY WILLIAMSDIRECTOR
Trustee or director
1$0$0
990 for the year ended September 30, 2023: 50 people
NameTitleHours / weekCompensationOther / benefits
DOUG LOONPRESIDENT/CEO
Trustee or director, Officer
40$553,410$47,781
LAURA BORDELONSR. VICE PRESIDENT
Key employee
40$293,703$41,322
ANNETTE KOJETINVICE PRESIDENT/CFO
Officer
40$183,931$30,563
JENNIFER BYERSEXEC DIR MN CHAMBER FDN
Highest-paid employee
1$180,426$12,166
BENTLEY GRAVESDIRECTOR
Highest-paid employee
40$171,993$17,877
BETH KADOUNVICE PRESIDENT
Highest-paid employee
40$161,255$23,648
JENNIFER MUNYERVICE PRESIDENT
Highest-paid employee
40$156,599$11,974
VICKI STUTEVICE PRESIDENT
Highest-paid employee
40$153,104$11,475
MARY JO WILLIAMSONCHAIR
Trustee or director, Officer
2$0$0
JILL BOLLETTIERICHAIR-ELECT
Trustee or director, Officer
2$0$0
ANGELA HEIKESSECRETARY/TREASURER
Trustee or director, Officer
2$0$0
BRET WEISSPAST CHAIR
Trustee or director, Officer
2$0$0
WILL HALEDIRECTOR
Trustee or director
1$0$0
RICK TRONTVETDIRECTOR
Trustee or director
1$0$0
WENDY UNGLAUBDIRECTOR
Trustee or director
1$0$0
KENDALL GRIFFITHDIRECTOR
Trustee or director
1$0$0
BRAD GRUHOTDIRECTOR
Trustee or director
1$0$0
LESTER BAGLEYDIRECTOR
Trustee or director
1$0$0
STACIE HOLDENDIRECTOR
Trustee or director
1$0$0
GEOFF BAKERDIRECTOR
Trustee or director
1$0$0
LISA BORGENDIRECTOR
Trustee or director
1$0$0
BEN THURINGERDIRECTOR
Trustee or director
1$0$0
LORI DAVIESDIRECTOR
Trustee or director
1$0$0
BOB GARDNERDIRECTOR
Trustee or director
1$0$0
JOHN GIBBSDIRECTOR
Trustee or director
1$0$0
KRISTY BARSEDIRECTOR
Trustee or director
1$0$0
ERIC BLACKDIRECTOR
Trustee or director
1$0$0
DEEPINDER SINGHDIRECTOR
Trustee or director
1$0$0
LINNEA BURMANDIRECTOR
Trustee or director
1$0$0
ALISSA HENRIKSENDIRECTOR
Trustee or director
1$0$0
KRISTI CARLSONDIRECTOR
Trustee or director
1$0$0
ROSS WIDMOYERDIRECTOR
Trustee or director
1$0$0
KIM RANDOLPHDIRECTOR
Trustee or director
1$0$0
BILL KEEGANDIRECTOR
Trustee or director
1$0$0
BROOKE LEEDIRECTOR
Trustee or director
1$0$0
MARY LOEFFELHOLZDIRECTOR
Trustee or director
1$0$0
DOUG LOONDIRECTOR
Trustee or director
1$0$0
CARLOS SEOANEDIRECTOR
Trustee or director
1$0$0
MERCEDES JACKSONDIRECTOR
Trustee or director
1$0$0
JILL PIEPERDIRECTOR
Trustee or director
1$0$0
ALYZA BOHBOT JAMESDIRECTOR
Trustee or director
1$0$0
CHRIS NELSONDIRECTOR
Trustee or director
1$0$0
JAKE REINTDIRECTOR
Trustee or director
1$0$0
KARI RIHMDIRECTOR
Trustee or director
1$0$0
LAURA OBERSTDIRECTOR
Trustee or director
1$0$0
SANDY KARNOWSKIDIRECTOR
Trustee or director
1$0$0
BART PRINSDIRECTOR
Trustee or director
1$0$0
AL RUDECKDIRECTOR (PART YEAR)
Trustee or director
1$0$0
MICHAEL JORGENSENDIRECTOR (PART YEAR)
Trustee or director
1$0$0
PHILIP KAUFMANDIRECTOR (PART YEAR)
Trustee or director
1$0$0

Address and contacts

Address (IRS master file)
380 SAINT PETER ST STE 1050, SAINT PAUL, MN 55102-2436
Principal officer (990 for 2024)
DOUG LOON, 380 SAINT PETER STREET 1050, ST PAUL, MN 55102
Signed the 990
DOUG LOON, PRESIDENT AND CEO
Phone
(651) 292-4650
Return prepared by
CLIFTONLARSONALLEN LLP

Mission

THE MINNESOTA CHAMBER OF COMMERCE PROACTIVELY LEADS THE BUSINESS COMMUNITY STATEWIDE TO: ADVANCE PRO-BUSINESS, RESPONSIBLE MINNESOTA PUBLIC POLICY THAT CREATES JOBS AND GROWS THE ECONONY; PROVDE MEMBER SERVICES TO ADDRESS EVOLVING BUSINESS NEEDS; BE NON PARTISAN

990 for the year ended September 30, 2025

Program accomplishments

  • LEGISLATIVE: TO BE AN ADVOCATE FOR MINNESOTA BUSINESSES BY LOBBYING AT THE STATE CAPITOL, TESTIFYING IN COURTS AND INTERVENING BEFORE STATE REGULATORY AGENCIES. WE ALSO CONDUCT AND SPONSOR A BROAD RANGE OF RESEARCH WHICH SUPPORTS OUR WORK ON SPECIFIC POLICY ISSUES. OBJECTIVE: TO MAKE MINNESOTA A COMPETITIVE PLACE TO DO BUSINESS.MEMBERS SERVED: 6,300
  • GRASSROOTS: TO KEEP OUR MEMBERS INFORMED ON ISSUES THAT MAY AFFECT THEIR BUSINESS. COMMUNICATIONS INCLUDE A MONTHLY NEWSLETTER, BIMONTHLY LEGISLATIVE EMAIL UPDATES, ISSUE ALERTS AND A DAILY E-NEWSLETTER ON CURRENT EVENTS. OBJECTIVE: TO GIVE OUR MEMBERS THE NECESSARY INFORMATION FOR THEM TO CONTACT THEIR LAWMAKERS AND TO KEEP UPDATED ON BUSINESS ISSUES.MEMBERS SERVED: 6,300
  • GROW MINNESOTA!: BUSINESS RETENTION, EXPANSION AND ASSISTANCE. GROW MINNESOTA! IS A PRIVATE-SECTOR INITIATIVE OF THE MINNESOTA CHAMBER OF COMMERCE IN PARTNERSHIP WITH NEARLY 90 LOCAL CHAMBERS AND ECONOMIC DEVELOPMENT ORGANIZATIONS. THE PROGRAM FOCUSES ON RETAINING AND EXPANDING COMPANIES IN MINNESOTA.OBJECTIVE: TO THANK EMPLOYERS FOR THEIR COMMITMENT TO MINNESOTA AND TO ASSIST WITH ISSUES THAT IMPEDE THEIR GROWTH AND PROVIDE SUCH RESOURCES AS THE FUNDING, EXPORTING AND WORKFORCE GUIDEBOOKS.
  • SPECIAL PROGRAMS AND EVENTS: TO EDUCATE OUR MEMBERS ON LEGISLATIVE AND OTHER KEY ISSUES THAT MAY AFFECT THEIR BUSINESS. THESE PROGRAMS ALSO OFFER NETWORKING OPPORTUNITIES AMONG BUSINESS LEADERS. OUR LARGER EVENTS ARE SESSION PRIORITIES, ECONOMIC SUMMIT, WOMEN IN BUSINESS AND BUSINESS DAY AT THE CAPITOL. WE OFFER SMALLER EVENTS SUCH AS WEBINARS AND ISSUE BRIEFINGS. OBJECTIVE: TO GIVE OUR MEMBERS AN OPPORTUNITY TO NETWORK WITH OTHER BUSINESS LEADERS AND TO HEAR FIRST-HAND FROM LAWMAKERS AND OTHER KEY AUTHORITIES ON BUSINESS ISSUES.

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 September, so each return is due on the 15th day of the 5th month after that.

Tax yearYear endedDueIRS public records
2025September 30, 2026February 16, 2027Not due yet
2024September 30, 2025February 17, 2026990 on file
2023September 30, 2024February 18, 2025990 on file

IRS record

EIN
41-0417210
Tax-exempt status
501(c)(6): Business league or chamber of commerce
Donations deductible
No
Exempt since
1944
Accounting year ends
September
Files
Form 990 or 990-EZ
Assets (IRS master file)
$11,386,628
Income (IRS master file)
$8,186,998

Filing history

FormYear endedRevenueExpensesAssetsReturn
990September 2025$7,653,674$6,677,540$11,386,628XML
990September 2024$7,949,827$7,849,751$10,265,599XML
990September 2023$6,857,191$6,552,464$9,574,472XML
990September 2022$6,794,853$6,851,685$9,629,970IRS
990September 2021–––IRS
990September 2020–––IRS
990September 2019–––IRS
990September 2018–––IRS

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 41-0417210).

Questions about MINNESOTA CHAMBER OF COMMERCE AND INDUSTRY

What is the EIN of MINNESOTA CHAMBER OF COMMERCE AND INDUSTRY?
The employer identification number (EIN) of MINNESOTA CHAMBER OF COMMERCE AND INDUSTRY is 41-0417210.
Is MINNESOTA CHAMBER OF COMMERCE AND INDUSTRY tax-exempt?
Yes. The IRS lists it as tax-exempt under section 501(c)(6) since 1944.
Are donations to MINNESOTA CHAMBER OF COMMERCE AND INDUSTRY tax-deductible?
No. The IRS master file says contributions to it are not deductible.
Which annual return does MINNESOTA CHAMBER OF COMMERCE AND INDUSTRY 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 MINNESOTA CHAMBER OF COMMERCE AND INDUSTRY due?
The return for tax year 2025 (the year ending September 30, 2026) is due February 16, 2027. Form 8868 extends it by six months; the 990-N cannot be extended.
When did MINNESOTA CHAMBER OF COMMERCE AND INDUSTRY last file with the IRS?
The latest return in the IRS public files is the 990 for the year ended September 2025.
Who is the principal officer of MINNESOTA CHAMBER OF COMMERCE AND INDUSTRY?
The 990 for the year ended September 30, 2025 names DOUG LOON.
Who are the officers and directors of MINNESOTA CHAMBER OF COMMERCE AND INDUSTRY?
The 990 for the year ended September 30, 2025 lists 48 people; 8 received compensation from the organization, the highest $580,332 (DOUG LOON, PRESIDENT/CEO).
How much revenue does MINNESOTA CHAMBER OF COMMERCE AND INDUSTRY have?
On its 990 for the year ended September 30, 2025 it reported revenue of $7,653,674, expenses of $6,677,540 and total assets of $11,386,628 at year end.

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