Overview
What is Minneapolis Regional Chamber Development Foundation?
The Minneapolis Regional Chamber Development Foundation is a nonprofit organization based in Minneapolis, Minnesota. Their primary mission is to support the Minneapolis Regional Chamber in creating a robust and equitable economy. They achieve this by engaging in initiatives, such as advocating for an improved regional transit system. In addition, the foundation focuses on reducing unemployment, enhancing educational opportunities for disadvantaged youth, promoting leadership development programs, and contributing to efforts that improve the quality of life and leadership skills in the Minneapolis and St. Paul areas.
Official website here: www.mplschamber.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 90%, Four-Star out of Four Star rating.
The Minneapolis Regional Chamber Development Foundation has achieved a commendable 90% rating from Charity Navigator, indicating a strong commitment to accountability and finance. This rating is solely derived from its accountability and finance beacon, showcasing transparency in operations and governance. The organization has demonstrated exemplary practices, including a fully independent board and comprehensive oversight mechanisms, which contribute to its high score.
Strengths highlighted in the assessment include a 100% independent board composition and adherence to key policies like conflict of interest and whistleblower protections. The foundation has also maintained high program expense ratios, indicating a strong focus on its mission-driven work. Furthermore, there are no reported material diversions of assets, reinforcing its reliability and trustworthiness.
However, the organization faces some challenges, particularly in its liabilities to assets ratio, which stands at 57.93%. While this figure is not alarming, it suggests there may be room for improvement in financial management to ensure long-term stability. Overall, the Minneapolis Regional Chamber Development Foundation's strong rating reflects effective governance and a solid commitment to serving its community.
This AI summary has been generated from information found on Charity Navigator.
Is Minneapolis Regional Chamber Development Foundation legitimate?
Minneapolis Regional Chamber Development Foundation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Minneapolis Regional Chamber Development Foundation submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
Heare are some key statistics you may want to consider:
Executive Compensation: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $1,092,420
For more financial information, click here
Official website here: www.mplschamber.org
What is the mission statement of Minneapolis Regional Chamber Development Foundation?
The Minneapolis Regional Chamber Development Foundation's mission is centered around supporting the Minneapolis Regional Chamber in creating a vibrant and equitable economy. Specifically, the foundation aims to reduce unemployment, enhance educational opportunities for disadvantaged youth, foster leadership development programs, and promote initiatives that improve the quality of life and leadership skills in the Minneapolis and St. Paul areas. Additionally, the foundation engages in an ongoing initiative to address a regional transit system.
Official website here: www.mplschamber.org
Who is the CEO of Minneapolis Regional Chamber Development Foundation?
Jonathan Weinhagen is the Chair of Minneapolis Regional Chamber Development Foundation. The CEO's salary of Minneapolis Regional Chamber Development Foundation is $0 and their total compensation is $288,089.
Official website here: www.mplschamber.org
What is the revenue of Minneapolis Regional Chamber Development Foundation?
Minneapolis Regional Chamber Development Foundation's revenue in 2022 was $1,612,535.
Official website here: www.mplschamber.org
Who are the executives of Minneapolis Regional Chamber Development Foundation and what are their salaries?
There 85 volunteers at Minneapolis Regional Chamber Development Foundation.
Here are 4 key members and their salaries (Minneapolis Regional Chamber Development Foundation's CEO's salary is $0 and their total compensation is $288,089):
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $260,600
- Other: $27,489
- Compensation: $0
- Related: $0
- Other: $0
Official website here: www.mplschamber.org
Where can I find the form 990 for Minneapolis Regional Chamber Development Foundation?
Minneapolis Regional Chamber Development Foundation's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.mplschamber.org
Learn more at the official website: www.mplschamber.org
Mission Statement of Minneapolis Regional Chamber Development Foundation
The Minneapolis Regional Chamber Development Foundation is dedicated to supporting the Minneapolis Regional Chamber in the creation of a vibrant and equitable economy. As part of its mission, the Foundation offers innovative strategies to reduce unemployment, enhance educational opportunities for disadvantaged youth, conduct leadership development programs, and promote efforts that enhance the quality of life and leadership skills in the Minneapolis and St. Paul areas. The Foundation's initiatives also extend to economic development, as it engages in an ongoing effort to address a regional transit system through the Minneapolis Regional Chamber. In essence, the Minneapolis Regional Chamber Development Foundation aims to contribute to the region's economic growth and development while fostering leadership and educational opportunities for disadvantaged youth.
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Impact
October, 2024
The Minneapolis Regional Chamber Development Foundation drives significant positive change in the Minneapolis area by fostering a vibrant and equitable economy. Its initiatives are focused on economic development and improving the region's transit system, which enhances connectivity and accessibility for residents and businesses alike.
The foundation aims to reduce unemployment through innovative programs, making strides to improve educational opportunities for disadvantaged youth. By initiating leadership development programs, it empowers individuals to cultivate essential leadership skills, contributing to a more engaged and capable community.
Overall, the foundation's efforts promote community improvement, emphasizing a commitment to enhancing the quality of life in both Minneapolis and St. Paul.
This information is meant to be a general summary of Minneapolis Regional Chamber Development Foundation. Please take the time to review official sources before making any decisions based upon the content provided here.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Investment Income: $21,162
- Program Service Revenue: $124,602
- Gross Receipts: $1,612,535
Assets and Liabilities:
- Total Assets: $1,336,749
- Total Liabilities: $774,437
- Net Assets: $562,312
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
TUITION INCOME
Revenue
$116,732
EVENT ADMISSION
Revenue
$7,870
Organization Details
Founding Year
1986
Phone
(612) 370-9100Principal Officer
Jonathan Weinhagen
Main Address
81 SOUTH NINTH STREET 200, MINNEAPOLIS, MN, 55402
Website
www.mplschamber.orgNTEE Category
Code: S20Z - Community improvement
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