EIN 41-1453093

Minnesota Chamber Foundation

IRS 501(c) type
501(c)(3)
Num. employees
3
Year formed
1983
Most recent tax filings
2023-09-01
NTEE code, primary
Description
The Minnesota Chamber Foundation brings stakeholders together to promote prosperity and long-term growth of Minnesota's economy. It operates the Center for Workforce Solutions, which provides private sector solutions to the workforce challenge facing Minnesota employers through its multiple focus areas including the Business Education Network (BEN). The foundation also offers the Business Environmental Sustainability Finance Program (BESFP), a grant program that motivates business owners to complete energy efficiency or waste reduction projects. The organization is located in St. Paul, MN.
Total revenues
$1,220,735
2023
Total expenses
$1,069,695
2023
Total assets
$971,066
2023
Num. employees
3
2023

Program areas at Minnesota Chamber Foundation

Economic research: in may of 2023, the Foundation completed its update report and research on the economic outlook for Minnesota, the 2023 edition of Minnesota: 2030. This report provides an objective analysis on the performance of Minnesota's economy and recommendations to address headwinds to future growth. In june of 2023, the Foundation began a new research project on Minnesota's environmental permitting process, hiring engineering consulting firm barr to lead the technical research. That work continued through 2023.
Center for workforce solutions the center for workforce solutions is designed to provide private sector solutions to the workforce challenge facing Minnesota employers. The center has multiple focus areas. The first, is the business education network (ben) formed in 2015. Ben is a private-sector solution to employers' urgent need to find skilled, qualified and ready workers for jobs available in communities across our state. Ben partners established a relationship with the united way of the twin cities to expand career pathways. The center is also home to the Foundation's workforce diversity, equity and inclusion initiative. Outcomes in this area include a diversity resource site, and playbook for employers. New programs include a peer group of diversity leaders and expansion of employer consulting services. This effort is designed to assist employers across the state to develop welcoming workplaces. The third area of focus is highlighting and advancing the role of immigrants to Minnesota's economy, both as workers and entrepreneurs.
The business environmental sustainability finance program (besfp) is a grant program of the Minnesota Chamber Foundation. The purpose of the besfp grant program is to motivate business owners to complete energy efficiency or waste reduction projects that would otherwise not get done without besfp grant. Grants of up to $3,000 may be available for pre-qualified energy efficiency and waste management projects. Besfp grant program works closely with energy smart or waste wise staff to identify projects that may qualify for a grant. Eligible projects include energy efficient projects that recieve an energy utility rebate and waste projects which result in quantifiable waste diversion (waste kept out of the municipal solid waste stream). No more than one grant per business (or business location) per calander year or for one 12-month period, will be given. Priority is given to businesses that have not received a besfp grant at any time in the past.
Leadership Minnesota: we are currently in the 23nd year of offering leadership Minnesota to our membership with over 800 alumni. Leadership Minnesota serves to enhance the understanding of the state's economy and the role of public policy for Minnesota's business leaders. Forty participants from various parts of Minnesota will travel across the state with the goal of increasing their understanding of what drives Minnesota's economy and how public policy affects the success of business in our state. They will tour various companies and talk directly with industry and company leaders about their economic impact to our state, their challenges, opportunities and future plans. The group is selected in april and the programs begins the following september. An alumni event is held once a year in a part of the state that was not part of the initial program year for participants. Leaders lab: we have concluded nine years of the program with well over 300 alumni. This program is modeled after leadership Minnesota but targets developing business leaders. Leaders lab will take 40 developing business leaders on 4, 2-day sessions. Like leadership Minnesota, each session will include opportunities to tour and learn more about industries that drive Minnesota's economy and how public policy affects the success of business in our state.

Grants made by Minnesota Chamber Foundation

GranteeGrant descriptionAmount
St Michaels Lutheran Church / St Michael Luth PSKEnergy and Waste Programs$10,000

Who funds Minnesota Chamber Foundation

Grants from foundations and other nonprofits
GrantmakerDescriptionAmount
Minnesota Waste Wise FoundationIncreasing Energy Efficiency and Waste Efficiency Project Implementation$450,000
Minnesota Chamber of Commerce and IndustryProgram Expenses$150,000
Thrivent Financial for LutheransGeneral Support$18,450
...and 4 more grants received

Personnel at Minnesota Chamber Foundation

NameTitleCompensation
Doug LoonPresident and Chief Executive Officer$0
Annette KojetinVice President , Chief Financial Officer$0
Beth KadounVice President , Tax and Fiscal Policy$0
Laura BordelonSenior Vice President , Advocacy$0
Vicki StuteVice President , Programs and Business Services$0
...and 20 more key personnel

Financials for Minnesota Chamber Foundation

RevenuesFYE 09/2023
Total grants, contributions, etc.$982,756
Program services$237,979
Investment income and dividends$0
Tax-exempt bond proceeds$0
Royalty revenue$0
Net rental income$0
Net gain from sale of non-inventory assets$0
Net income from fundraising events$0
Net income from gaming activities$0
Net income from sales of inventory$0
Miscellaneous revenues$0
Total revenues$1,220,735

Form 990s for Minnesota Chamber Foundation

Fiscal year endingDate received by IRSFormPDF link
2023-092024-04-24990View PDF
2022-092023-08-09990View PDF
2021-092022-08-01990View PDF
2020-092021-08-05990View PDF
2019-092021-02-17990View PDF
...and 9 more Form 990s
Data update history
September 22, 2024
Updated personnel
Identified 13 new personnel
September 21, 2024
Received grants
Identified 4 new grant, including a grant for $450,000 from Minnesota Waste Wise Foundation
May 21, 2024
Posted financials
Added Form 990 for fiscal year 2023
May 20, 2024
Updated personnel
Identified 8 new personnel
December 25, 2023
Received grants
Identified 2 new grant, including a grant for $18,450 from Thrivent Financial for Lutherans
Nonprofit Types
Grantmaking organizationsCorporate foundationsBusiness and community development organizationsHeadquarter / parent organizationsCharities
Issues
Business and industry
Characteristics
Political advocacyProvides grantsState / local levelTax deductible donationsAccepts online donations
General information
Address
380 Saint Peter St 1050
Saint Paul, MN 55102
Metro area
Minneapolis-St. Paul-Bloomington, MN-WI
County
Ramsey County, MN
Website URL
mnchamber.com/minnesota-chamber-foundation 
Phone
(651) 292-4650
IRS details
EIN
41-1453093
Fiscal year end
September
Taxreturn type
Form 990
Year formed
1983
Eligible to receive tax-deductible contributions (Pub 78)
Yes
Categorization
NTEE code, primary
S41: Promotion of Business
NAICS code, primary
813211: Grantmaking Foundations
Parent/child status
Central organization
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