ECONOMIC CLUB OF MINNESOTA: Form 990, tax year 2018

View the entire original 990 at ProPublica ↗

Organization: ECONOMIC CLUB OF MINNESOTA (EIN 26-3292945)
Tax period: 2018-07-01 to 2019-06-30
Filed: 2019-11-05
IRS object ID: 201913099349301456
Schema version: 2018v3.1
Source: Download XML · Original 990 at ProPublica

Every field in the e-filed return. Faint text is the IRS element name, for citing.

Return header
Form 990
Schedule A
Schedule B
Schedule D
Schedule O

Return header ReturnHeader

Field	Value	IRS element (for citing)
Return	2019-11-05T09:48:38-06:00	ReturnTs
Tax Period End	2019-06-30	TaxPeriodEndDt

Preparer Firm PreparerFirmGrp

Field	Value	IRS element (for citing)
Preparer Firm EIN	463220328	PreparerFirmEIN

Preparer Firm Name PreparerFirmName

Field	Value	IRS element (for citing)
Business Name Line1	AKINS HENKE AND COMPANY	BusinessNameLine1Txt

Preparer US Address PreparerUSAddress

Field	Value	IRS element (for citing)
Address Line1	600 INWOOD AVENUE NORTH SUITE 160	AddressLine1Txt
City	OAKDALE	CityNm
State Abbreviation	MN	StateAbbreviationCd
ZIP	55128	ZIPCd

Field	Value	IRS element (for citing)
Return Type	990	ReturnTypeCd
Tax Period Begin	2018-07-01	TaxPeriodBeginDt

Filer Filer

Field	Value	IRS element (for citing)
EIN	263292945	EIN

Business Name BusinessName

Field	Value	IRS element (for citing)
Business Name Line1	ECONOMIC CLUB OF MINNESOTA	BusinessNameLine1Txt

Field	Value	IRS element (for citing)
Business Name Control	ECON	BusinessNameControlTxt
Phone	6123869128	PhoneNum

US Address USAddress

Field	Value	IRS element (for citing)
Address Line1	4830 ITHACA LANE NORTH	AddressLine1Txt
City	PLYMOUTH	CityNm
State Abbreviation	MN	StateAbbreviationCd
ZIP	55446	ZIPCd

Business Officer BusinessOfficerGrp

Field	Value	IRS element (for citing)
Person	KATE RESCHENBERG	PersonNm
Person Title	EXECUTIVE DIRECTOR	PersonTitleTxt
Phone	6123869128	PhoneNum
Signature	2019-10-29	SignatureDt
Discuss With Paid Preparer	Yes (1)	DiscussWithPaidPreparerInd

Preparer Person PreparerPersonGrp

Field	Value	IRS element (for citing)
Preparer Person	GEORGIA AKINS	PreparerPersonNm
PTIN	P00950359	PTIN
Phone	6516363806	PhoneNum

Filing Security Information FilingSecurityInformation

IP Address IPAddress

Field	Value	IRS element (for citing)
I Pv4 Address	50.244.196.169	IPv4AddressTxt

Field	Value	IRS element (for citing)
IP	2019-10-29	IPDt
IP Tm	10:00:08	IPTm
IP Timezone	CD	IPTimezoneCd
Filing License Type	P	FilingLicenseTypeCd
At Submission Creation Device Id	7A1792E1CEBC35935ABAF7F211B3BBF736DD0F17	AtSubmissionCreationDeviceId
At Submission Filing Device Id	7A1792E1CEBC35935ABAF7F211B3BBF736DD0F17	AtSubmissionFilingDeviceId

Field	Value	IRS element (for citing)
Tax	2018	TaxYr
Build TS	2020-03-31 21:24:44Z	BuildTS

Form 990 IRS990

Field	Value	IRS element (for citing)
Address Change	Yes (X)	AddressChangeInd
Principal Officer	KATE RESCHENBERG	PrincipalOfficerNm

US Address USAddress

Field	Value	IRS element (for citing)
Address Line1	4830 ITHACA LANE NORTH	AddressLine1Txt
City	PLYMOUTH	CityNm
State Abbreviation	MN	StateAbbreviationCd
ZIP	55446	ZIPCd

Field	Value	IRS element (for citing)
Gross Receipts	$546,849	GrossReceiptsAmt
Group Return For Affiliates	0	GroupReturnForAffiliatesInd
Organization501c3	Yes (X)	Organization501c3Ind
Website Address	WWW.ECOMN.ORG	WebsiteAddressTxt
Type Of Organization Corp	Yes (X)	TypeOfOrganizationCorpInd
Formation	2008	FormationYr
Legal Domicile State	MN	LegalDomicileStateCd
Activity Or Mission	ECONOMIC CLUB OF MINNESOTA PROVIDES PUBLIC EDUCATION ON ISSUES THAT AFFECT OUR ABILITY TO COMPETE IN THE GLOBAL ECONOMY.	ActivityOrMissionDesc
Voting Members Governing Body	10	VotingMembersGoverningBodyCnt
Voting Members Independent	10	VotingMembersIndependentCnt
Total Employee	3	TotalEmployeeCnt
Total Volunteers	12	TotalVolunteersCnt
Total Gross UBI	$0	TotalGrossUBIAmt
Net Unrelated Bus Txbl Incm	$0	NetUnrelatedBusTxblIncmAmt
PY Contributions Grants	$296,723	PYContributionsGrantsAmt
CY Contributions Grants	$309,654	CYContributionsGrantsAmt
PY Program Service Revenue	$271,896	PYProgramServiceRevenueAmt
CY Program Service Revenue	$234,315	CYProgramServiceRevenueAmt
PY Investment Income	$197	PYInvestmentIncomeAmt
CY Investment Income	$355	CYInvestmentIncomeAmt
PY Other Revenue	$5,000	PYOtherRevenueAmt
CY Other Revenue	$2,525	CYOtherRevenueAmt
PY Total Revenue	$573,816	PYTotalRevenueAmt
CY Total Revenue	$546,849	CYTotalRevenueAmt
PY Grants And Similar Paid	$0	PYGrantsAndSimilarPaidAmt
CY Grants And Similar Paid	$0	CYGrantsAndSimilarPaidAmt
PY Benefits Paid To Members	$0	PYBenefitsPaidToMembersAmt
CY Benefits Paid To Members	$0	CYBenefitsPaidToMembersAmt
PY Salaries Comp Emp Bnft Paid	$172,731	PYSalariesCompEmpBnftPaidAmt
CY Salaries Comp Emp Bnft Paid	$181,190	CYSalariesCompEmpBnftPaidAmt
PY Total Prof Fndrsng Expns	$0	PYTotalProfFndrsngExpnsAmt
CY Total Prof Fndrsng Expns	$0	CYTotalProfFndrsngExpnsAmt
CY Total Fundraising Expense	$21,345	CYTotalFundraisingExpenseAmt
PY Other Expenses	$327,795	PYOtherExpensesAmt
CY Other Expenses	$270,930	CYOtherExpensesAmt
PY Total Expenses	$500,526	PYTotalExpensesAmt
CY Total Expenses	$452,120	CYTotalExpensesAmt
PY Revenues Less Expenses	$73,290	PYRevenuesLessExpensesAmt
CY Revenues Less Expenses	$94,729	CYRevenuesLessExpensesAmt
Total Assets BOY	$427,255	TotalAssetsBOYAmt
Total Assets EOY	$506,367	TotalAssetsEOYAmt
Total Liabilities BOY	$23,383	TotalLiabilitiesBOYAmt
Total Liabilities EOY	$7,766	TotalLiabilitiesEOYAmt
Net Assets Or Fund Balances BOY	$403,872	NetAssetsOrFundBalancesBOYAmt
Net Assets Or Fund Balances EOY	$498,601	NetAssetsOrFundBalancesEOYAmt
Info In Schedule O Part III	Yes (X)	InfoInScheduleOPartIIIInd
Mission	THE MISSION OF ECONOMIC CLUB OF MINNESOTA IS TO EDUCATE MEMBERS, SPONSORS, AND THE PUBLIC AS TO HOW AMERICA CAN IMPROVE ITS COMPETITIVENESS IN THE GLOBAL ECONOMY AND ITS EFFECTIVENESS AS A WORLD LEADER.	MissionDesc
Significant New Program Srvc	0	SignificantNewProgramSrvcInd
Significant Change	0	SignificantChangeInd
Expense	$326,946	ExpenseAmt
Revenue	$234,315	RevenueAmt
Desc	THE ECONOMIC CLUB OF MINNESOTA PROVIDES PUBLIC EDUCATION ON ISSUES THAT AFFECT OUR ABILITY TO COMPETE IN THE GLOBAL ECONOMY. WE HELD 8 PUBLIC EVENTS IN THE FISCAL 2019 SEASON WITH AN ARRAY OF TOP-TIER NATIONAL AND INTERNATIONAL LEADERS. IN FISCAL YEAR 2019, ATTENDANCE AT EVENTS RANGED FROM 350-450 PER EVENT. IN ADDITION, AS OUR SPEAKER'S SCHEDULES PERMIT, WE ALSO LIKE TO HOST ADDITIONAL MEETINGS WITH STUDENTS, TOP BUSINESS LEADERS, THE LOCAL PRESS, AND TOURS OF AREA COMPANIES TO HELP THEM BETTER UNDERSTAND THE VITALITY OF MINNESOTA'S ECONOMY. WE OCCASIONALLY WRITE OPINION PIECES ON TOPICS IMPACTING THE GLOBAL ECONOMY.IN ADDITION TO THE PUBLIC LUNCHEONS, WE HELD OUR 6TH DC RECEPTION, FEATURING OMAR ISHRAK, CHAIRMAN AND CEO OF MEDTRONIC. THIS WAS THE FIFTH YEAR OF OUR YOUNG PROFESSIONALS CLUB (YPC) AND WE HOSTED THREE EVENTS FOR EMERGING BUSINESS LEADERS UNDER AGE 40. THE FIRST EVENT WAS IN COOPERATION WITH A LUNCHEON FEATURING DAVID BIRCH, ADVISOR ON FINTECH AND DIGITAL FINANCIAL SERVICES. WE FOLLOWED THAT IN MARCH WITH A PRESENTATION BY KYLE COOLBROTH, FOUNDER AND CEO OF FUELED COLLECTIVE AND THEN, IN APRIL, A PANEL DISCUSSION ON ENTREPRENEURSHIP FEATURING DR. ANGIE EILERS, FOUNDER & CEO OF UR TURN, COREY KOSKIE, FORMER MN TWINS PLAYER AND FOUNDER OF LINKLETE, PING YEH, CEO OF STEMONIX, LONNY STORMO, CEO OF POPS! DIABETES CARE, ANGE ZAVORAL CONLEY, PRESIDENT & CEO OF ABILITECH MEDICAL.	Desc
Total Program Service Expenses	$326,946	TotalProgramServiceExpensesAmt
Described In Section501c3	Yes (1)	DescribedInSection501c3Ind
Schedule B Required	Yes (1)	ScheduleBRequiredInd
Political Campaign Acty	0	PoliticalCampaignActyInd
Lobbying Activities	0	LobbyingActivitiesInd
Subject To Proxy Tax	0	SubjectToProxyTaxInd
Donor Advised Fund	0	DonorAdvisedFundInd
Conservation Easements	0	ConservationEasementsInd
Collections Of Art	0	CollectionsOfArtInd
Credit Counseling	0	CreditCounselingInd
Temp Or Permanent Endowments	0	TempOrPermanentEndowmentsInd
Report Land Building Equipment	0	ReportLandBuildingEquipmentInd
Report Investments Other Sec	0	ReportInvestmentsOtherSecInd
Report Program Related Invst	0	ReportProgramRelatedInvstInd
Report Other Assets	0	ReportOtherAssetsInd
Report Other Liabilities	0	ReportOtherLiabilitiesInd
Include FIN48 Footnote	Yes (1)	IncludeFIN48FootnoteInd
Independent Audit Fincl Stmt	Yes (1)	IndependentAuditFinclStmtInd
Consolidated Audit Fincl Stmt	0	ConsolidatedAuditFinclStmtInd
School Operating	0	SchoolOperatingInd
Foreign Office	0	ForeignOfficeInd
Foreign Activities	0	ForeignActivitiesInd
More Than5000 K To Org	0	MoreThan5000KToOrgInd
More Than5000 K To Individuals	0	MoreThan5000KToIndividualsInd
Professional Fundraising	0	ProfessionalFundraisingInd
Fundraising Activities	0	FundraisingActivitiesInd
Gaming Activities	0	GamingActivitiesInd
Operate Hospital	0	OperateHospitalInd
Grants To Organizations	0	GrantsToOrganizationsInd
Grants To Individuals	0	GrantsToIndividualsInd
Schedule J Required	0	ScheduleJRequiredInd
Tax Exempt Bonds	0	TaxExemptBondsInd
Engaged In Excess Benefit Trans	0	EngagedInExcessBenefitTransInd
PY Excess Benefit Trans	0	PYExcessBenefitTransInd
Loan Outstanding	0	LoanOutstandingInd
Grant To Related Person	0	GrantToRelatedPersonInd
Business Rln With Org Mem	0	BusinessRlnWithOrgMemInd
Business Rln With Fam Mem	0	BusinessRlnWithFamMemInd
Business Rln With Officer Ent	0	BusinessRlnWithOfficerEntInd
Deductible Non Cash Contri	0	DeductibleNonCashContriInd
Deductible Art Contribution	0	DeductibleArtContributionInd
Terminate Operations	0	TerminateOperationsInd
Partial Liquidation	0	PartialLiquidationInd
Disregarded Entity	0	DisregardedEntityInd
Related Entity	0	RelatedEntityInd
Related Organization Ctrl Ent	0	RelatedOrganizationCtrlEntInd
Trnsfr Exmpt Non Chrtbl Rltd Org	0	TrnsfrExmptNonChrtblRltdOrgInd
Activities Conducted Prtshp	0	ActivitiesConductedPrtshpInd
Schedule O Required	Yes (1)	ScheduleORequiredInd
IRP Document	2	IRPDocumentCnt
IRP Document W2 G	0	IRPDocumentW2GCnt
Backup Wthld Compliance	Yes (1)	BackupWthldComplianceInd
Employee	3	EmployeeCnt
Employment Tax Returns Filed	Yes (1)	EmploymentTaxReturnsFiledInd
Unrelated Bus Incm Over Limit	0	UnrelatedBusIncmOverLimitInd
Foreign Financial Account	0	ForeignFinancialAccountInd
Prohibited Tax Shelter Trans	0	ProhibitedTaxShelterTransInd
Taxable Party Notification	0	TaxablePartyNotificationInd
Nondeductible Contributions	0	NondeductibleContributionsInd
Quid Pro Quo Contributions	Yes (1)	QuidProQuoContributionsInd
Quid Pro Quo Contri Discl	Yes (1)	QuidProQuoContriDisclInd
Form8282 Property Disposed Of	0	Form8282PropertyDisposedOfInd
Rcv Fnds To Pay Prsnl Bnft Cntrct	0	RcvFndsToPayPrsnlBnftCntrctInd
Pay Premiums Prsnl Bnft Cntrct	0	PayPremiumsPrsnlBnftCntrctInd
Indoor Tanning Services	0	IndoorTanningServicesInd
Subj To Tax Rmnrtn Ex Prcht Pymt	0	SubjToTaxRmnrtnExPrchtPymtInd
Subject To Excs Tax Net Invst Inc	0	SubjectToExcsTaxNetInvstIncInd
Info In Schedule O Part VI	Yes (X)	InfoInScheduleOPartVIInd
Governing Body Voting Members	10	GoverningBodyVotingMembersCnt
Independent Voting Member	10	IndependentVotingMemberCnt
Family Or Business Rln	0	FamilyOrBusinessRlnInd
Delegation Of Mgmt Duties	0	DelegationOfMgmtDutiesInd
Change To Org Documents	0	ChangeToOrgDocumentsInd
Material Diversion Or Misuse	0	MaterialDiversionOrMisuseInd
Members Or Stockholders	0	MembersOrStockholdersInd
Election Of Board Members	0	ElectionOfBoardMembersInd
Decisions Subject To Approva	0	DecisionsSubjectToApprovaInd
Minutes Of Governing Body	Yes (1)	MinutesOfGoverningBodyInd
Minutes Of Committees	Yes (1)	MinutesOfCommitteesInd
Officer Mailing Address	0	OfficerMailingAddressInd
Local Chapters	0	LocalChaptersInd
Form990 Provided To Gvrn Body	Yes (1)	Form990ProvidedToGvrnBodyInd
Conflict Of Interest Policy	Yes (1)	ConflictOfInterestPolicyInd
Annual Disclosure Covered Prsn	Yes (1)	AnnualDisclosureCoveredPrsnInd
Regular Monitoring Enfrc	Yes (1)	RegularMonitoringEnfrcInd
Whistleblower Policy	Yes (1)	WhistleblowerPolicyInd
Document Retention Policy	Yes (1)	DocumentRetentionPolicyInd
Compensation Process CEO	Yes (1)	CompensationProcessCEOInd
Compensation Process Other	Yes (1)	CompensationProcessOtherInd
Investment In Joint Venture	0	InvestmentInJointVentureInd
States Where Copy Of Return Is Fld	MN	StatesWhereCopyOfReturnIsFldCd
Upon Request	Yes (X)	UponRequestInd

Books In Care Of Detail BooksInCareOfDetail

Business Name BusinessName

Field	Value	IRS element (for citing)
Business Name Line1	KATE RESCHENBERG	BusinessNameLine1Txt

Field	Value	IRS element (for citing)
Phone	6123869128	PhoneNum

US Address USAddress

Field	Value	IRS element (for citing)
Address Line1	4830 ITHACA LANE NORTH	AddressLine1Txt
City	PLYMOUTH	CityNm
State Abbreviation	MN	StateAbbreviationCd
ZIP	55446	ZIPCd

Form990 Part VII Section A Form990PartVIISectionAGrp (13 entries)

TitleTitleTxt	Average Hours Per WeekAverageHoursPerWeekRt	Individual Trustee Or DirectorIndividualTrusteeOrDirectorInd	OfficerOfficerInd	Reportable Comp From OrgReportableCompFromOrgAmt	Reportable Comp From Rltd OrgReportableCompFromRltdOrgAmt	Other CompensationOtherCompensationAmt
MARK KENNEDY
CHAIRMAN	10.00	Yes (X)	Yes (X)	$0	$0	$0
TIMOTHY PENNY
DIRECTOR-CO FOUNDER	2.00	Yes (X)		$0	$0	$0
DAVID FRAUENSHUH
TREASURER	5.00	Yes (X)	Yes (X)	$0	$0	$0
STEVE SANGER
PRESIDENT	2.00	Yes (X)	Yes (X)	$0	$0	$0
ELLIOT JAFFEE
DIRECTOR	2.00	Yes (X)		$0	$0	$0
MARTHA MACMILLAN
DIRECTOR	2.00	Yes (X)		$0	$0	$0
DR CHRISTINE CUMMING
DIRECTOR	2.00	Yes (X)		$0	$0	$0
MARK OLSON THROUGH 122018
DIRECTOR	2.00	Yes (X)		$0	$0	$0
NEEL KASHKARI
DIRECTOR	2.00	Yes (X)		$0	$0	$0
JEANNINE RIVET
DIRECTOR	2.00	Yes (X)		$0	$0	$0
ERIK PAULSEN
DIRECTOR	2.00	Yes (X)		$0	$0	$0
KRISTIN ROBBINS THROUGH 1218
EXECUTIVE DIRECTOR	40.00		Yes (X)	$82,500	$0	$2,475
KATE RESCHENBERG STARTED 119
EXECUTIVE DIRECTOR	40.00		Yes (X)	$0	$0	$0

Field	Value	IRS element (for citing)
Total Reportable Comp From Org	$82,500	TotalReportableCompFromOrgAmt
Tot Reportable Comp Rltd Org	$0	TotReportableCompRltdOrgAmt
Total Other Compensation	$2,475	TotalOtherCompensationAmt
Indiv Rcvd Greater Than100 K	0	IndivRcvdGreaterThan100KCnt
Former Ofcr Employees Listed	0	FormerOfcrEmployeesListedInd
Total Comp Greater Than150 K	0	TotalCompGreaterThan150KInd
Compensation From Other Srcs	0	CompensationFromOtherSrcsInd
Cntrct Rcvd Greater Than100 K	0	CntrctRcvdGreaterThan100KCnt
All Other Contributions	$309,654	AllOtherContributionsAmt
Total Contributions	$309,654	TotalContributionsAmt

Program Service Revenue ProgramServiceRevenueGrp (2 entries)

DescDesc	BusinessBusinessCd	Total Revenue ColumnTotalRevenueColumnAmt	Related Or Exempt Func IncomeRelatedOrExemptFuncIncomeAmt
MEMBER DUES	900099	$202,740	$202,740
EVENT REVENUE	900099	$31,575	$31,575

Field	Value	IRS element (for citing)
Total Program Service Revenue	$234,315	TotalProgramServiceRevenueAmt

Investment Income InvestmentIncomeGrp

Field	Value	IRS element (for citing)
Total Revenue Column	$355	TotalRevenueColumnAmt
Exclusion	$355	ExclusionAmt

Other Revenue Misc OtherRevenueMiscGrp

Field	Value	IRS element (for citing)
Desc	OTHER INCOME	Desc
Business	999999	BusinessCd
Total Revenue Column	$2,525	TotalRevenueColumnAmt
Exclusion	$2,525	ExclusionAmt

Field	Value	IRS element (for citing)
Other Revenue Total	$2,525	OtherRevenueTotalAmt

Total Revenue TotalRevenueGrp

Field	Value	IRS element (for citing)
Total Revenue Column	$546,849	TotalRevenueColumnAmt
Related Or Exempt Func Income	$234,315	RelatedOrExemptFuncIncomeAmt
Unrelated Business Revenue	$0	UnrelatedBusinessRevenueAmt
Exclusion	$2,880	ExclusionAmt

Comp Current Ofcr Directors CompCurrentOfcrDirectorsGrp

Field	Value	IRS element (for citing)
Total	$86,048	TotalAmt
Program Services	$50,506	ProgramServicesAmt
Management And General	$29,302	ManagementAndGeneralAmt
Fundraising	$6,240	FundraisingAmt

Other Salaries And Wages OtherSalariesAndWagesGrp

Field	Value	IRS element (for citing)
Total	$80,000	TotalAmt
Program Services	$36,561	ProgramServicesAmt
Management And General	$32,680	ManagementAndGeneralAmt
Fundraising	$10,759	FundraisingAmt

Pension Plan Contributions PensionPlanContributionsGrp

Field	Value	IRS element (for citing)
Total	$2,400	TotalAmt
Program Services	$1,097	ProgramServicesAmt
Management And General	$980	ManagementAndGeneralAmt
Fundraising	$323	FundraisingAmt

Payroll Taxes PayrollTaxesGrp

Field	Value	IRS element (for citing)
Total	$12,742	TotalAmt
Program Services	$6,671	ProgramServicesAmt
Management And General	$4,762	ManagementAndGeneralAmt
Fundraising	$1,309	FundraisingAmt

Fees For Services Legal FeesForServicesLegalGrp

Field	Value	IRS element (for citing)
Total	$500	TotalAmt
Management And General	$500	ManagementAndGeneralAmt

Fees For Services Accounting FeesForServicesAccountingGrp

Field	Value	IRS element (for citing)
Total	$13,187	TotalAmt
Management And General	$13,187	ManagementAndGeneralAmt

Fees For Services Other FeesForServicesOtherGrp

Field	Value	IRS element (for citing)
Total	$4,610	TotalAmt
Management And General	$4,610	ManagementAndGeneralAmt

Advertising AdvertisingGrp

Field	Value	IRS element (for citing)
Total	$3,317	TotalAmt
Program Services	$46	ProgramServicesAmt
Management And General	$1,598	ManagementAndGeneralAmt
Fundraising	$1,673	FundraisingAmt

Office Expenses OfficeExpensesGrp

Field	Value	IRS element (for citing)
Total	$4,854	TotalAmt
Program Services	$1,022	ProgramServicesAmt
Management And General	$3,155	ManagementAndGeneralAmt
Fundraising	$677	FundraisingAmt

Information Technology InformationTechnologyGrp

Field	Value	IRS element (for citing)
Total	$1,109	TotalAmt
Program Services	$225	ProgramServicesAmt
Management And General	$840	ManagementAndGeneralAmt
Fundraising	$44	FundraisingAmt

Travel TravelGrp

Field	Value	IRS element (for citing)
Total	$542	TotalAmt
Program Services	$180	ProgramServicesAmt
Management And General	$362	ManagementAndGeneralAmt

Insurance InsuranceGrp

Field	Value	IRS element (for citing)
Total	$3,113	TotalAmt
Program Services	$1,630	ProgramServicesAmt
Management And General	$1,163	ManagementAndGeneralAmt
Fundraising	$320	FundraisingAmt

Other Expenses OtherExpensesGrp (2 entries)

DescDesc	TotalTotalAmt	Program ServicesProgramServicesAmt	Management And GeneralManagementAndGeneralAmt
EVENTS EXPENSE	$230,058	$228,908	$1,150
FEES AND MISCELLANEOUS	$9,640	$100	$9,540

Total Functional Expenses TotalFunctionalExpensesGrp

Field	Value	IRS element (for citing)
Total	$452,120	TotalAmt
Program Services	$326,946	ProgramServicesAmt
Management And General	$103,829	ManagementAndGeneralAmt
Fundraising	$21,345	FundraisingAmt

Cash Non Interest Bearing CashNonInterestBearingGrp

Field	Value	IRS element (for citing)
BOY	$163,224	BOYAmt
EOY	$154,205	EOYAmt

Savings And Temp Cash Invst SavingsAndTempCashInvstGrp

Field	Value	IRS element (for citing)
BOY	$244,977	BOYAmt
EOY	$245,331	EOYAmt

Pledges And Grants Receivable PledgesAndGrantsReceivableGrp

Field	Value	IRS element (for citing)
BOY	$15,000	BOYAmt
EOY	$102,740	EOYAmt

Accounts Receivable AccountsReceivableGrp

Field	Value	IRS element (for citing)
BOY	$29	BOYAmt
EOY	$87	EOYAmt

Prepaid Expenses Defrd Charges PrepaidExpensesDefrdChargesGrp

Field	Value	IRS element (for citing)
BOY	$4,025	BOYAmt
EOY	$4,004	EOYAmt

Total Assets TotalAssetsGrp

Field	Value	IRS element (for citing)
BOY	$427,255	BOYAmt
EOY	$506,367	EOYAmt

Accounts Payable Accr Expnss AccountsPayableAccrExpnssGrp

Field	Value	IRS element (for citing)
BOY	$23,383	BOYAmt
EOY	$7,766	EOYAmt

Total Liabilities TotalLiabilitiesGrp

Field	Value	IRS element (for citing)
BOY	$23,383	BOYAmt
EOY	$7,766	EOYAmt

Field	Value	IRS element (for citing)
Organization Follows SFAS117	Yes (X)	OrganizationFollowsSFAS117Ind

Unrestricted Net Assets UnrestrictedNetAssetsGrp

Field	Value	IRS element (for citing)
BOY	$365,972	BOYAmt
EOY	$498,601	EOYAmt

Temporarily Rstr Net Assets TemporarilyRstrNetAssetsGrp

Field	Value	IRS element (for citing)
BOY	$37,900	BOYAmt
EOY	$0	EOYAmt

Total Net Assets Fund Balance TotalNetAssetsFundBalanceGrp

Field	Value	IRS element (for citing)
BOY	$403,872	BOYAmt
EOY	$498,601	EOYAmt

Tot Liab Net Assets Fund Balance TotLiabNetAssetsFundBalanceGrp

Field	Value	IRS element (for citing)
BOY	$427,255	BOYAmt
EOY	$506,367	EOYAmt

Field	Value	IRS element (for citing)
Reconcilation Revenue Expnss	$94,729	ReconcilationRevenueExpnssAmt
Other Changes In Net Assets	$0	OtherChangesInNetAssetsAmt
Method Of Accounting Accrual	Yes (X)	MethodOfAccountingAccrualInd
Accountant Compile Or Review	0	AccountantCompileOrReviewInd
FS Audited	Yes (1)	FSAuditedInd

FS Audited Basis FSAuditedBasisGrp

Field	Value	IRS element (for citing)
Separate Basis Fincl Stmt	Yes (X)	SeparateBasisFinclStmtInd

Field	Value	IRS element (for citing)
Audit Committee	Yes (1)	AuditCommitteeInd
Federal Grant Audit Required	0	FederalGrantAuditRequiredInd

Schedule A IRS990ScheduleA

Field	Value	IRS element (for citing)
Public Organization170	Yes (X)	PublicOrganization170Ind

Gifts Grants Contri Rcvd170 GiftsGrantsContriRcvd170Grp

Field	Value	IRS element (for citing)
Current Tax Year Minus4 Years	$207,349	CurrentTaxYearMinus4YearsAmt
Current Tax Year Minus3 Years	$259,555	CurrentTaxYearMinus3YearsAmt
Current Tax Year Minus2 Years	$221,350	CurrentTaxYearMinus2YearsAmt
Current Tax Year Minus1 Year	$296,723	CurrentTaxYearMinus1YearAmt
Current Tax Year	$309,654	CurrentTaxYearAmt
Total	$1,294,631	TotalAmt

Total Calendar Year170 TotalCalendarYear170Grp

Field	Value	IRS element (for citing)
Current Tax Year Minus4 Years	$207,349	CurrentTaxYearMinus4YearsAmt
Current Tax Year Minus3 Years	$259,555	CurrentTaxYearMinus3YearsAmt
Current Tax Year Minus2 Years	$221,350	CurrentTaxYearMinus2YearsAmt
Current Tax Year Minus1 Year	$296,723	CurrentTaxYearMinus1YearAmt
Current Tax Year	$309,654	CurrentTaxYearAmt
Total	$1,294,631	TotalAmt

Field	Value	IRS element (for citing)
Substantial Contributors Tot	$128,021	SubstantialContributorsTotAmt
Public Support Total170	$1,166,610	PublicSupportTotal170Amt

Gross Investment Income170 GrossInvestmentIncome170Grp

Field	Value	IRS element (for citing)
Current Tax Year Minus4 Years	$271	CurrentTaxYearMinus4YearsAmt
Current Tax Year Minus3 Years	$227	CurrentTaxYearMinus3YearsAmt
Current Tax Year Minus2 Years	$195	CurrentTaxYearMinus2YearsAmt
Current Tax Year Minus1 Year	$197	CurrentTaxYearMinus1YearAmt
Current Tax Year	$355	CurrentTaxYearAmt
Total	$1,245	TotalAmt

Other Income170 OtherIncome170Grp

Field	Value	IRS element (for citing)
Current Tax Year Minus1 Year	$5,000	CurrentTaxYearMinus1YearAmt
Current Tax Year	$2,525	CurrentTaxYearAmt
Total	$7,525	TotalAmt

Field	Value	IRS element (for citing)
Total Support	$1,303,401	TotalSupportAmt
Gross Receipts Rltd Activities	$1,140,186	GrossReceiptsRltdActivitiesAmt
Public Support CY170	0.89510	PublicSupportCY170Pct
Public Support PY170	0.88430	PublicSupportPY170Pct
Thirty Thr Pct Suprt Tests CY170	Yes (X)	ThirtyThrPctSuprtTestsCY170Ind

Schedule B IRS990ScheduleB

Contributor Information ContributorInformationGrp

Field	Value	IRS element (for citing)
Contributor	RESTRICTED	ContributorNum

Contributor Business Name ContributorBusinessName

Field	Value	IRS element (for citing)
Business Name Line1	RESTRICTED	BusinessNameLine1

Contributor US Address ContributorUSAddress

Field	Value	IRS element (for citing)
Address Line1	RESTRICTED	AddressLine1
Address Line2	RESTRICTED	AddressLine2
City	RESTRICTED	City
State	RESTRICTED	State
ZIP Code	RESTRICTED	ZIPCode

Field	Value	IRS element (for citing)
Total Contributions	RESTRICTED	TotalContributionsAmt

Schedule D IRS990ScheduleD

Field	Value	IRS element (for citing)
Total Book Value Land Buildings	$0	TotalBookValueLandBuildingsAmt
Footnote Text	Yes (X)	FootnoteTextInd
Total Rev Etc Audited Fincl Stmt	$558,760	TotalRevEtcAuditedFinclStmtAmt
Donated Services And Use Fclts	$11,911	DonatedServicesAndUseFcltsAmt
Revenue Not Reported	$11,911	RevenueNotReportedAmt
Revenue Subtotal	$546,849	RevenueSubtotalAmt
Revenue Not Reported Fincl Stmt	$0	RevenueNotReportedFinclStmtAmt
Total Revenue Per Form990	$546,849	TotalRevenuePerForm990Amt
Tot Expns Etc Audited Fincl Stmt	$464,031	TotExpnsEtcAuditedFinclStmtAmt
Donated Services Use Fclts	$11,911	DonatedServicesUseFcltsAmt
Expenses Not Reported	$11,911	ExpensesNotReportedAmt
Expenses Subtotal	$452,120	ExpensesSubtotalAmt
Expenses Not Rpt Fincl Stmt	$0	ExpensesNotRptFinclStmtAmt
Total Expenses Per Form990	$452,120	TotalExpensesPerForm990Amt

Supplemental Information Detail SupplementalInformationDetail

Field	Value	IRS element (for citing)
Form And Line Reference	PART X, LINE 2:	FormAndLineReferenceDesc
Explanation	ECOM HAS TAX EXEMPT STATUS UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE AND CORRESPONDING STATE TAX CODES. THE ORGANIZATION IS NOT A PRIVATE FOUNDATION AND CHARITABLE CONTRIBUTIONS BY DONORS ARE TAX DEDUCTIBLE. U.S. GAAP REQUIRES MANAGEMENT TO EVALUATE TAX POSITIONS TAKEN BY THE ORGANIZATION AND RECOGNIZE A TAX LIABILITY IF THE ORGANIZATION HAS TAKEN AN UNCERTAIN POSITION THAT MORE LIKELY THAN NOT WOULD NOT BE SUSTAINED UPON EXAMINATION BY THE INTERNAL REVENUE SERVICE. MANAGEMENT HAS ANALYZED THE TAX POSITIONS TAKEN BY THE ORGANIZATION AND HAS CONCLUDED THAT THERE ARE NO UNCERTAIN POSITIONS TAKEN OR EXPECTED TO BE TAKEN THAT WOULD REQUIRE RECOGNITION OF A LIABILITY OR DISCLOSURE IN THE FINANCIAL STATEMENTS.	ExplanationTxt

Schedule O IRS990ScheduleO

Supplemental Information Detail SupplementalInformationDetail (4 entries)

Form And Line ReferenceFormAndLineReferenceDesc	ExplanationExplanationTxt
FORM 990, PART VI, SECTION B, LINE 11B	THE 990 IS FIRST REVIEWED BY THE EXECUTIVE DIRECTOR AND THE EXECUTIVE COMMITTEE. WHEN IT IS IN FINAL FORM, IT IS SENT TO THE ENTIRE BOARD FOR REVIEW AND APPROVAL BEFORE FILING.
FORM 990, PART VI, SECTION B, LINE 12C	CONFLICTS OF INTEREST ARE DISCUSSED AT EVERY BOARD MEETING. THE NOMINATING COMMITTEE DISCUSSES THE CONFLICT OF INTEREST WITH ANY NEW OR POTENTIAL BOARD MEMBERS BEFORE THE INDIVIDUAL IS INVITED TO JOIN THE BOARD. NEWLY APPOINTED BOARD MEMBERS MUST AGREE TO THE CONFLICT OF INTEREST POLICY. AT THE ANNUAL STAFF REVIEWS, COMPLIANCE WITH THE CONFLICT OF INTEREST POLICY IS REVIEWED BY THE EXECUTIVE DIRECTOR AND THE EMPLOYEES.
FORM 990, PART VI, SECTION B, LINE 15	THE EXECUTIVE DIRECTOR ANALYZES DATA FROM THE MINNESOTA COUNCIL ON NON-PROFITS' "NON-PROFIT ECONOMY REPORT," WHICH SHOWS WAGES AND BENEFITS IN VARIOUS SECTORS OF MINNESOTA'S NON-PROFIT COMMUNITY. IN ADDITION, SHE ALSO ANALYZES DATA AVAILABLE FROM THE BUREAU OF LABOR STATISTICS MIDWEST OFFICE ON NON-PROFIT PAY & BENEFITS, AS WELL AS INFORMATION FOUND ON SUCH OTHER WAGE AND BENEFITS SITES SUCH AS PAYSCALE.COM AND SALARY.COM. THIS INFORMATION IS GIVEN TO THE BOARD WITH A RECOMMENDATION AND THE BOARD DISCUSSES AND MAKES A DECISION ON SALARY AND BENEFITS ANNUALLY AT ITS JUNE MEETING. THE EXECUTIVE DIRECTOR AND OTHER STAFF ARE NOT PRESENT DURING THESE DISCUSSIONS AND THE DISCUSSIONS ARE RECORDED IN THE MINUTES OF THE MEETING.
FORM 990, PART VI, SECTION C, LINE 19	ECONOMIC CLUB OF MINNESOTA MAKES THE FORM 990, GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC UPON REQUEST.