2019-11-05T09:48:38-06:00 2019-06-30 463220328 AKINS HENKE AND COMPANY 600 INWOOD AVENUE NORTH SUITE 160 OAKDALE MN 55128 990 2018-07-01 263292945 ECONOMIC CLUB OF MINNESOTA ECON 6123869128 4830 ITHACA LANE NORTH PLYMOUTH MN 55446 KATE RESCHENBERG EXECUTIVE DIRECTOR 6123869128 2019-10-29 1 GEORGIA AKINS P00950359 6516363806 50.244.196.169 2019-10-29 10:00:08 CD P 7A1792E1CEBC35935ABAF7F211B3BBF736DD0F17 7A1792E1CEBC35935ABAF7F211B3BBF736DD0F17 2018 2020-03-31 21:24:44Z X KATE RESCHENBERG 4830 ITHACA LANE NORTH PLYMOUTH MN 55446 546849 0 X WWW.ECOMN.ORG X 2008 MN ECONOMIC CLUB OF MINNESOTA PROVIDES PUBLIC EDUCATION ON ISSUES THAT AFFECT OUR ABILITY TO COMPETE IN THE GLOBAL ECONOMY. 10 10 3 12 0 0 296723 309654 271896 234315 197 355 5000 2525 573816 546849 0 0 0 0 172731 181190 0 0 21345 327795 270930 500526 452120 73290 94729 427255 506367 23383 7766 403872 498601 X 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. 0 0 326946 234315 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. 326946 1 1 0 0 0 0 0 0 0 0 0 0 0 0 0 1 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 2 0 1 3 1 0 0 0 0 0 1 1 0 0 0 0 0 0 X 10 10 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 MN X KATE RESCHENBERG 6123869128 4830 ITHACA LANE NORTH PLYMOUTH MN 55446 MARK KENNEDY CHAIRMAN 10.00 X X 0 0 0 TIMOTHY PENNY DIRECTOR-CO FOUNDER 2.00 X 0 0 0 DAVID FRAUENSHUH TREASURER 5.00 X X 0 0 0 STEVE SANGER PRESIDENT 2.00 X X 0 0 0 ELLIOT JAFFEE DIRECTOR 2.00 X 0 0 0 MARTHA MACMILLAN DIRECTOR 2.00 X 0 0 0 DR CHRISTINE CUMMING DIRECTOR 2.00 X 0 0 0 MARK OLSON THROUGH 122018 DIRECTOR 2.00 X 0 0 0 NEEL KASHKARI DIRECTOR 2.00 X 0 0 0 JEANNINE RIVET DIRECTOR 2.00 X 0 0 0 ERIK PAULSEN DIRECTOR 2.00 X 0 0 0 KRISTIN ROBBINS THROUGH 1218 EXECUTIVE DIRECTOR 40.00 X 82500 0 2475 KATE RESCHENBERG STARTED 119 EXECUTIVE DIRECTOR 40.00 X 0 0 0 82500 0 2475 0 0 0 0 0 309654 309654 MEMBER DUES 900099 202740 202740 EVENT REVENUE 900099 31575 31575 234315 355 355 OTHER INCOME 999999 2525 2525 2525 546849 234315 0 2880 86048 50506 29302 6240 80000 36561 32680 10759 2400 1097 980 323 12742 6671 4762 1309 500 500 13187 13187 4610 4610 3317 46 1598 1673 4854 1022 3155 677 1109 225 840 44 542 180 362 3113 1630 1163 320 EVENTS EXPENSE 230058 228908 1150 FEES AND MISCELLANEOUS 9640 100 9540 452120 326946 103829 21345 163224 154205 244977 245331 15000 102740 29 87 4025 4004 427255 506367 23383 7766 23383 7766 X 365972 498601 37900 0 403872 498601 427255 506367 94729 0 X 0 1 X 1 0 X 207349 259555 221350 296723 309654 1294631 207349 259555 221350 296723 309654 1294631 128021 1166610 271 227 195 197 355 1245 5000 2525 7525 1303401 1140186 0.89510 0.88430 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 X 558760 11911 11911 546849 0 546849 464031 11911 11911 452120 0 452120 PART X, LINE 2: 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. 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.