Nonprofit · EIN 92-3046590
MINNESOTA PRIVATE BUSINESS COUNCIL NFP
Tax-exempt · MINNETONKA, MN 55305
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $1,734,451 | $1,595,355 | $139,096 | $185,524 | $104,702 | $80,822 |
| December 31, 2023 | 990 | $771,250 | $829,524 | -$58,274 | $76,526 | $134,800 | -$58,274 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $868,000
- Program service revenue
- $866,451
- Investment income
- $0
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $746,600
- Compensation of officers, directors and key employees
- $453,045
- Other salaries and wages
- $55,347
- Salaries, compensation and benefits (total)
- $532,410
- Professional fundraising fees
- $0
- Legal fees
- $10,954
- Accounting fees
- $13,650
- Occupancy
- $19,939
- Travel
- $26,588
Balance sheet and other
- Total assets, start of year
- $76,526
- Total assets, end of year
- $185,524
- Total liabilities, end of year
- $104,702
- Net assets, end of year
- $80,822
- Gross receipts
- $1,734,451
- Employees
- 2
- Volunteers
- 7
- Year formed
- 2023
- 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 | Other / benefits |
|---|---|---|---|---|
| JAMES SCHULTZ | PRESIDENT Trustee or director, Officer | 54 | $449,485 | $3,560 |
| TODD PAULSON | CO-CHAIR Trustee or director, Officer | 1 | $0 | $0 |
| TOM ROSEN | CO-CHAIR Trustee or director, Officer | 1 | $0 | $0 |
| ERIC ELSE | DIRECTOR Trustee or director | 1 | $0 | $0 |
| MARK DAVIS | DIRECTOR Trustee or director | 1 | $0 | $0 |
| MARTIN DAVIS | DIRECTOR Trustee or director | 1 | $0 | $0 |
| MICHAEL O'CONNOR | DIRECTOR Trustee or director | 1 | $0 | $0 |
| RONALD EIBENSTEINER | TREASURER Trustee or director, Officer | 1 | $0 | $0 |
| DAVID FRAUENSHUH | DIRECTOR Trustee or director | 1 | $0 | $0 |
| MIKE MCFADDEN | DIRECTOR Trustee or director | 1 | $0 | $0 |
990 for the year ended December 31, 2023: 8 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| JAMES SCHULTZ | PRESIDENT Trustee or director, Officer | 54 | $325,152 |
| TODD PAULSON | CO-CHAIR Trustee or director, Officer | 1 | $0 |
| TOM ROSEN | CO-CHAIR Trustee or director, Officer | 1 | $0 |
| ERIC ELSE | DIRECTOR Trustee or director | 1 | $0 |
| MARK DAVIS | DIRECTOR Trustee or director | 1 | $0 |
| MARTIN DAVIS | DIRECTOR Trustee or director | 1 | $0 |
| MICHAEL O'CONNOR | DIRECTOR Trustee or director | 1 | $0 |
| RONALD EIBENSTEINER | TREASURER Trustee or director | 1 | $0 |
Address and contacts
- Address (IRS master file)
- 3703 PLYMOUTH RD, MINNETONKA, MN 55305-4106
- Principal officer (990 for 2024)
- JIM SCHULTZ, 14525 HWY 7 E 305, MINNETONKA, MN 55345
- Signed the 990
- JIM SCHULTZ, PRESIDENT
- Phone
- (612) 404-0414
- Website
- GROWTHMN.COM
- Return prepared by
- CLIFTONLARSONALLEN LLP
Mission
THE MINNESOTA PRIVATE BUSINESS COUNCIL FIGHTS TO ADVANCE POLICIES THAT GROW MINNESOTA JOBS AND TO ELECT PUBLIC OFFICIALS COMMITTED TO JOINING WITH US.
Program accomplishments
- THE ASSOCIATION ADVOCATES FOR ECONOMIC POLICIES THAT CAN GROW JOBS AND THE MINNESOTA ECONOMY. THIS ADVOCACY IS ACCOMPLISHED VIA DIRECT MAIL, DIGITAL EDUCATION, RESEARCH AND MEETINGS WITH PRIVATE BUSINESS LEADERS AND ELECTED OFFICIALS. THE ASSOCIATION ALSO PROVIDES SERVICES TO ITS MEMBERS RELATED TO POLICY EDUCATION, HOSTING NETWORKING EVENTS AND AIDING WITH LEGISLATIVE ISSUES AND WILL SUPPORT EFFORTS TO ELECT POLITICAL CANDIDATES SHARING ITS VIEWS ON PUBLIC POLICY.
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
- 92-3046590
- Tax-exempt status
- 501(c)(6): Business league or chamber of commerce
- Donations deductible
- No
- Exempt since
- 2024
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Community improvement and capacity building (S41)
- Assets (IRS master file)
- $185,524
- Income (IRS master file)
- $1,734,451
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $1,734,451 | $1,595,355 | $185,524 | XML |
| 990 | December 2023 | $771,250 | $829,524 | $76,526 | XML |
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 92-3046590).
Questions about MINNESOTA PRIVATE BUSINESS COUNCIL NFP
- What is the EIN of MINNESOTA PRIVATE BUSINESS COUNCIL NFP?
- The employer identification number (EIN) of MINNESOTA PRIVATE BUSINESS COUNCIL NFP is 92-3046590.
- Is MINNESOTA PRIVATE BUSINESS COUNCIL NFP tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(6) since 2024.
- Are donations to MINNESOTA PRIVATE BUSINESS COUNCIL NFP tax-deductible?
- No. The IRS master file says contributions to it are not deductible.
- Which annual return does MINNESOTA PRIVATE BUSINESS COUNCIL NFP 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 PRIVATE BUSINESS COUNCIL NFP 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 MINNESOTA PRIVATE BUSINESS COUNCIL NFP 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 MINNESOTA PRIVATE BUSINESS COUNCIL NFP?
- The 990 for the year ended December 31, 2024 names JIM SCHULTZ.
- Who are the officers and directors of MINNESOTA PRIVATE BUSINESS COUNCIL NFP?
- The 990 for the year ended December 31, 2024 lists 10 people; 1 received compensation from the organization, the highest $449,485 (JAMES SCHULTZ, PRESIDENT).
- How much revenue does MINNESOTA PRIVATE BUSINESS COUNCIL NFP have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $1,734,451, expenses of $1,595,355 and total assets of $185,524 at year end.
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All nonprofits in MINNETONKA · Minnesota · Community improvement and capacity building