NonprofitsMinneapolis Regional Chamber Development Foundation

Community Improvement & Capacity Building

Minneapolis Regional Chamber Development Foundation

MINNEAPOLIS, MN

Total revenue

$1.7M

Total expenses

$1.9M

Net assets

Grants received

$714K

16 grants

EIN

363468708

Tax year

2024

Mission

To support the minneapolis regional chamber to create a vibrant and equitable economy.

Programs

3 programs

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: $428K

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: $212K

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: $143KGrants: $128K

Financials

FY 2024

Revenue

Contributions & grants$1.1M
Program service revenue$166K
Investment income
Other revenue$373K
Total revenue$1.7M

Expenses

Grants paid$128K
Salaries & benefits$991K
Fundraising
Other expenses$788K
Total expenses$1.9M
Total assets$533K
Net assets

People

6 listed

NameRoleCompensation

MIKE LOGAN

PRESIDENT & CEO

Board

18 hrs/wk

JOHN STANOCH

INTERIM PRESIDENT & CEO

Board

18 hrs/wk

JONATHAN WEINHAGEN

FORMER PRESIDENT & CEO

Board

18 hrs/wk

DARREL GERMAN

CHAIR

Board

1 hrs/wk

KARLY BARAGA WERNER

CHAIR-ELECT

Board

1 hrs/wk

DAVID PRINCE

TREASURER

Board

1 hrs/wk

Independent contractors

TALENT HOLDCO LP

CONSULTANT

$112K

Grants received

Showing 16 of 16

FromAmountPurposeYear
$80K
MEDICAL / PUBLIC SERVICES
2023
$15K
PROGRAM SPONSORSHIP
2023
$15K
GENERAL DONATION
2022
$8K
MULTIPLE GRANTS FOR MULTIPLE PURPOSES
2021
$5K
501(C)(3) PAYMENTS
2021
$200
TO PROVIDE FOR OPERATIONS
2021
$100K
To advance transit and transportation infrastructure investment in the state of Minnesota by engaging the new Administration and Legislature along with business, civic, and labor leaders
2020
$100K
To advance transit and transportation infrastructure investment in the state of Minnesota by engaging the new Administration and Legislature along with business, civic, and labor leaders
2020
$10K
PUBLIC, SOCIETAL BENEFIT
2020
$3K
IDENTIFY, RECRUIT, ENGAGE AND SUPPORT A COHORT OF 20 LEADERS TO ATTEND BUSHCONNECT 2020
2020
$189K
MULTIPLE GRANTS
2019

Funded by

$714K from 12 funders · 16 grants · 2019–2023

The McKnight Foundation

$200K · 2 grants · 2020

Minnesota Community Foundation

$189K · 1 grant · 2019

Gs Donor Advised Philanthropy Fund

$130K · 2 grants · 2022–2023

The Lawrence Family Foundation

$122K · 3 grants · 2020–2023

Mightycause Charitable Foundation

$17K · 1 grant · 2022

Centerpoint Energy Foundation Inc

$15K · 1 grant · 2022

Ecmc Group Inc

$15K · 1 grant · 2023

National Philanthropic Trust

$10K · 1 grant · 2020

Details

EIN363468708
NTEE codeS20Z
Subsection03
Ruling date1986-10
Formed1986
Employees0
Volunteers85
MINNEAPOLIS REGIONAL CHAMBER DEVELOPMENT FOUNDATION — Mission, Financials & Grants Received | Grantivo