ECONOMIC CLUB OF MINNESOTA: Form 990, tax year 2017
View the entire original 990 at ProPublica ↗
- Organization
- ECONOMIC CLUB OF MINNESOTA (EIN 26-3292945)
- Tax period
- 2017-07-01 to 2018-06-30
- Filed
- 2018-11-12
- IRS object ID
- 201833169349303188
- Schema version
- 2017v2.3
- 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 ReturnHeader
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return | 2018-11-12T14:22:53-06:00 | ReturnTs |
| Tax Period End | 2018-06-30 | 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 | 2017-07-01 | 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 | 6124326790 | PhoneNum |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 7730 ZANZIBAR LANE NORTH | AddressLine1Txt |
| City | MINNEAPOLIS | CityNm |
| State Abbreviation | MN | StateAbbreviationCd |
| ZIP | 55311 | ZIPCd |
Business Officer BusinessOfficerGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person | KRISTIN ROBBINS | PersonNm |
| Person Title | EXECUTIVE DIRECTOR | PersonTitleTxt |
| Phone | 6124326790 | PhoneNum |
| Signature | 2018-11-07 | 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 | 2018-11-07 | IPDt |
| IP Tm | 14:39:47 | IPTm |
| IP Timezone | CS | 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 | 2017 | TaxYr |
| Build TS | 2019-02-21 02:37:17Z | BuildTS |
Form 990 IRS990
| Field | Value | IRS element (for citing) |
|---|---|---|
| Principal Officer | KRISTIN ROBBINS | PrincipalOfficerNm |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 7730 ZANZIBAR LANE NORTH | AddressLine1Txt |
| City | MINNEAPOLIS | CityNm |
| State Abbreviation | MN | StateAbbreviationCd |
| ZIP | 55311 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Gross Receipts | $573,816 | 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 PULIC 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 | $221,350 | PYContributionsGrantsAmt |
| CY Contributions Grants | $296,723 | CYContributionsGrantsAmt |
| PY Program Service Revenue | $217,225 | PYProgramServiceRevenueAmt |
| CY Program Service Revenue | $271,896 | CYProgramServiceRevenueAmt |
| PY Investment Income | $195 | PYInvestmentIncomeAmt |
| CY Investment Income | $197 | CYInvestmentIncomeAmt |
| PY Other Revenue | $0 | PYOtherRevenueAmt |
| CY Other Revenue | $5,000 | CYOtherRevenueAmt |
| PY Total Revenue | $438,770 | PYTotalRevenueAmt |
| CY Total Revenue | $573,816 | 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 | $150,364 | PYSalariesCompEmpBnftPaidAmt |
| CY Salaries Comp Emp Bnft Paid | $172,731 | CYSalariesCompEmpBnftPaidAmt |
| PY Total Prof Fndrsng Expns | $0 | PYTotalProfFndrsngExpnsAmt |
| CY Total Prof Fndrsng Expns | $0 | CYTotalProfFndrsngExpnsAmt |
| CY Total Fundraising Expense | $16,908 | CYTotalFundraisingExpenseAmt |
| PY Other Expenses | $251,381 | PYOtherExpensesAmt |
| CY Other Expenses | $327,795 | CYOtherExpensesAmt |
| PY Total Expenses | $401,745 | PYTotalExpensesAmt |
| CY Total Expenses | $500,526 | CYTotalExpensesAmt |
| PY Revenues Less Expenses | $37,025 | PYRevenuesLessExpensesAmt |
| CY Revenues Less Expenses | $73,290 | CYRevenuesLessExpensesAmt |
| Total Assets BOY | $351,059 | TotalAssetsBOYAmt |
| Total Assets EOY | $427,255 | TotalAssetsEOYAmt |
| Total Liabilities BOY | $20,477 | TotalLiabilitiesBOYAmt |
| Total Liabilities EOY | $23,383 | TotalLiabilitiesEOYAmt |
| Net Assets Or Fund Balances BOY | $330,582 | NetAssetsOrFundBalancesBOYAmt |
| Net Assets Or Fund Balances EOY | $403,872 | 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 | $418,148 | ExpenseAmt |
| Revenue | $271,896 | RevenueAmt |
| Desc | THE ECONOMIC CLUB OF MINNESOTA PROVIDES PUBLIC EDUCATION ON ISSUES THAT AFFECT OUR ABILITY TO COMPETE IN THE GLOBAL ECONOMY. WE HELD 7 PUBLIC LUNCHEONS THIS SEASON WITH AN ARRAY OF TOP-TIER NATIONAL AND INTERNATIONAL LEADERS. IN FISCAL YEAR 2018, 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 A MEMBERS AND SPONSORS EVENT WITH TIM PAWLENTY, CEO OF THE FINANCIAL SERVICES ROUNDTABLE. WE ALSO HELD OUR 5TH DC RECEPTION, FEATURING BRIAN CORNELL, CHAIRMAN AND CEO OF TARGET. A SPECIAL ADDITION TO OUR FY18 SCHEDULE WAS OUR 10TH ANNIVERSARY TRIP WITH SPONSORS AND MEMBERS TO LONDON. WE SPENT 3 DAYS HAVING HIGH-LEVEL BRIEFINGS WITH MEMBERS OF PARLIAMENT AND THE HOUSE OF LORDS, MEETING WITH MARK CARNEY, GOVERNOR OF THE BANK OF ENGLAND, AND MEETINGS WITH GLOBAL INSURANCE AND LAW FIRMS, THE LONDON STOCK EXCHANGE AND A VISIT TO THE ROYAL COURTS OF JUSTICE.THIS WAS THE FOURTH YEAR OF OUR YOUNG PROFESSIONALS CLUB (YPC) AND WE HOSTED ONE EVENT FOR EMERGING BUSINESS LEADERS UNDER AGE 40. THE EVENT FEATURED ENTREPRENEUR MARGARET MURPHY, FOUNDER AND CEO OF BOLD ORANGE, WHO DISCUSSED HER CAREER PATH AND THE IMPORTANCE OF CURIOSITY AND RISK-TAKING. MARGARET WAS BOTH VERY POPULAR WITH THE YOUNG PROFESSIONALS AND MANY OF THEM REQUESTED ADDITIONAL EVENTS, WHICH WE ARE WORKING TO PROVIDE IN 2018-2019. | Desc |
| Total Program Service Expenses | $418,148 | 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 |
| 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 | KRISTIN ROBBINS | BusinessNameLine1Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Phone | 6124326790 | PhoneNum |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 7730 ZANZIBAR LANE NORTH | AddressLine1Txt |
| City | MINNEAPOLIS | CityNm |
| State Abbreviation | MN | StateAbbreviationCd |
| ZIP | 55311 | ZIPCd |
Form990 Part VII Section A Form990PartVIISectionAGrp (11 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 |
| TIM PENNY | ||||||
| DIRECTOR-CO FOUNDER | 2.00 | Yes (X) | $0 | $0 | $0 | |
| DAVE 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 | ||||||
| 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 | |
| KRISTIN ROBBINS | ||||||
| EXECUTIVE DIRECTOR | 40.00 | Yes (X) | $80,000 | $0 | $2,400 | |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Reportable Comp From Org | $80,000 | TotalReportableCompFromOrgAmt |
| Tot Reportable Comp Rltd Org | $0 | TotReportableCompRltdOrgAmt |
| Total Other Compensation | $2,400 | 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 | $296,723 | AllOtherContributionsAmt |
| Total Contributions | $296,723 | TotalContributionsAmt |
Program Service Revenue ProgramServiceRevenueGrp (2 entries)
| DescDesc | BusinessBusinessCd | Total Revenue ColumnTotalRevenueColumnAmt | Related Or Exempt Func IncomeRelatedOrExemptFuncIncomeAmt |
|---|---|---|---|
| EVENT REVENUE | 900099 | $186,267 | $186,267 |
| MEMBER DUES | 900099 | $85,629 | $85,629 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Program Service Revenue | $271,896 | TotalProgramServiceRevenueAmt |
Investment Income InvestmentIncomeGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $197 | TotalRevenueColumnAmt |
| Exclusion | $197 | ExclusionAmt |
Other Revenue Misc OtherRevenueMiscGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Desc | OTHER INCOME | Desc |
| Business | 999999 | BusinessCd |
| Total Revenue Column | $5,000 | TotalRevenueColumnAmt |
| Exclusion | $5,000 | ExclusionAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Revenue Total | $5,000 | OtherRevenueTotalAmt |
Total Revenue TotalRevenueGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $573,816 | TotalRevenueColumnAmt |
| Related Or Exempt Func Income | $271,896 | RelatedOrExemptFuncIncomeAmt |
| Unrelated Business Revenue | $0 | UnrelatedBusinessRevenueAmt |
| Exclusion | $5,197 | ExclusionAmt |
Comp Current Ofcr Directors CompCurrentOfcrDirectorsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $91,155 | TotalAmt |
| Program Services | $75,504 | ProgramServicesAmt |
| Management And General | $10,303 | ManagementAndGeneralAmt |
| Fundraising | $5,348 | FundraisingAmt |
Other Salaries And Wages OtherSalariesAndWagesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $67,500 | TotalAmt |
| Program Services | $39,895 | ProgramServicesAmt |
| Management And General | $18,918 | ManagementAndGeneralAmt |
| Fundraising | $8,687 | FundraisingAmt |
Pension Plan Contributions PensionPlanContributionsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $1,970 | TotalAmt |
| Program Services | $1,165 | ProgramServicesAmt |
| Management And General | $550 | ManagementAndGeneralAmt |
| Fundraising | $255 | FundraisingAmt |
Payroll Taxes PayrollTaxesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $12,106 | TotalAmt |
| Program Services | $8,785 | ProgramServicesAmt |
| Management And General | $2,244 | ManagementAndGeneralAmt |
| Fundraising | $1,077 | FundraisingAmt |
Fees For Services Accounting FeesForServicesAccountingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $12,568 | TotalAmt |
| Management And General | $12,568 | ManagementAndGeneralAmt |
Advertising AdvertisingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $5,887 | TotalAmt |
| Program Services | $39 | ProgramServicesAmt |
| Management And General | $5,848 | ManagementAndGeneralAmt |
Office Expenses OfficeExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $7,503 | TotalAmt |
| Program Services | $2,184 | ProgramServicesAmt |
| Management And General | $4,192 | ManagementAndGeneralAmt |
| Fundraising | $1,127 | FundraisingAmt |
Information Technology InformationTechnologyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $1,240 | TotalAmt |
| Program Services | $484 | ProgramServicesAmt |
| Management And General | $704 | ManagementAndGeneralAmt |
| Fundraising | $52 | FundraisingAmt |
Travel TravelGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $4,905 | TotalAmt |
| Program Services | $4,351 | ProgramServicesAmt |
| Management And General | $541 | ManagementAndGeneralAmt |
| Fundraising | $13 | FundraisingAmt |
Insurance InsuranceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $3,195 | TotalAmt |
| Program Services | $2,319 | ProgramServicesAmt |
| Management And General | $592 | ManagementAndGeneralAmt |
| Fundraising | $284 | FundraisingAmt |
Other Expenses OtherExpensesGrp (2 entries)
| DescDesc | TotalTotalAmt | Program ServicesProgramServicesAmt | Management And GeneralManagementAndGeneralAmt | FundraisingFundraisingAmt |
|---|---|---|---|---|
| EVENTS EXPENSE | $284,470 | $283,208 | $1,256 | $6 |
| FEES AND MISCELLANEOUS | $8,027 | $214 | $7,754 | $59 |
Total Functional Expenses TotalFunctionalExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $500,526 | TotalAmt |
| Program Services | $418,148 | ProgramServicesAmt |
| Management And General | $65,470 | ManagementAndGeneralAmt |
| Fundraising | $16,908 | FundraisingAmt |
Cash Non Interest Bearing CashNonInterestBearingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $91,163 | BOYAmt |
| EOY | $163,224 | EOYAmt |
Savings And Temp Cash Invst SavingsAndTempCashInvstGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $238,779 | BOYAmt |
| EOY | $244,977 | EOYAmt |
Pledges And Grants Receivable PledgesAndGrantsReceivableGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $8,250 | BOYAmt |
| EOY | $15,000 | EOYAmt |
Accounts Receivable AccountsReceivableGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $11,235 | BOYAmt |
| EOY | $29 | EOYAmt |
Prepaid Expenses Defrd Charges PrepaidExpensesDefrdChargesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $1,632 | BOYAmt |
| EOY | $4,025 | EOYAmt |
Total Assets TotalAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $351,059 | BOYAmt |
| EOY | $427,255 | EOYAmt |
Accounts Payable Accr Expnss AccountsPayableAccrExpnssGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $20,477 | BOYAmt |
| EOY | $23,383 | EOYAmt |
Total Liabilities TotalLiabilitiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $20,477 | BOYAmt |
| EOY | $23,383 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Organization Follows SFAS117 | Yes (X) | OrganizationFollowsSFAS117Ind |
Unrestricted Net Assets UnrestrictedNetAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $325,582 | BOYAmt |
| EOY | $365,972 | EOYAmt |
Temporarily Rstr Net Assets TemporarilyRstrNetAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $5,000 | BOYAmt |
| EOY | $37,900 | EOYAmt |
Total Net Assets Fund Balance TotalNetAssetsFundBalanceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $330,582 | BOYAmt |
| EOY | $403,872 | EOYAmt |
Tot Liab Net Assets Fund Balance TotLiabNetAssetsFundBalanceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $351,059 | BOYAmt |
| EOY | $427,255 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Reconcilation Revenue Expnss | $73,290 | 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 | $200,169 | CurrentTaxYearMinus4YearsAmt |
| Current Tax Year Minus3 Years | $207,349 | CurrentTaxYearMinus3YearsAmt |
| Current Tax Year Minus2 Years | $259,555 | CurrentTaxYearMinus2YearsAmt |
| Current Tax Year Minus1 Year | $221,350 | CurrentTaxYearMinus1YearAmt |
| Current Tax Year | $296,723 | CurrentTaxYearAmt |
| Total | $1,185,146 | TotalAmt |
Total Calendar Year170 TotalCalendarYear170Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | $200,169 | CurrentTaxYearMinus4YearsAmt |
| Current Tax Year Minus3 Years | $207,349 | CurrentTaxYearMinus3YearsAmt |
| Current Tax Year Minus2 Years | $259,555 | CurrentTaxYearMinus2YearsAmt |
| Current Tax Year Minus1 Year | $221,350 | CurrentTaxYearMinus1YearAmt |
| Current Tax Year | $296,723 | CurrentTaxYearAmt |
| Total | $1,185,146 | TotalAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Substantial Contributors Tot | $131,587 | SubstantialContributorsTotAmt |
| Public Support Total170 | $1,053,559 | PublicSupportTotal170Amt |
Gross Investment Income170 GrossInvestmentIncome170Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | $332 | CurrentTaxYearMinus4YearsAmt |
| Current Tax Year Minus3 Years | $271 | CurrentTaxYearMinus3YearsAmt |
| Current Tax Year Minus2 Years | $227 | CurrentTaxYearMinus2YearsAmt |
| Current Tax Year Minus1 Year | $195 | CurrentTaxYearMinus1YearAmt |
| Current Tax Year | $197 | CurrentTaxYearAmt |
| Total | $1,222 | TotalAmt |
Other Income170 OtherIncome170Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year | $5,000 | CurrentTaxYearAmt |
| Total | $5,000 | TotalAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Support | $1,191,368 | TotalSupportAmt |
| Gross Receipts Rltd Activities | $1,107,732 | GrossReceiptsRltdActivitiesAmt |
| Public Support CY170 | 0.88430 | PublicSupportCY170Pct |
| Public Support PY170 | 0.88730 | PublicSupportPY170Pct |
| Thirty Thr Pct Suprt Tests CY170 | Yes (X) | ThirtyThrPctSuprtTestsCY170Ind |
Schedule B IRS990ScheduleB
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 | $584,816 | TotalRevEtcAuditedFinclStmtAmt |
| Donated Services And Use Fclts | $11,000 | DonatedServicesAndUseFcltsAmt |
| Revenue Not Reported | $11,000 | RevenueNotReportedAmt |
| Revenue Subtotal | $573,816 | RevenueSubtotalAmt |
| Revenue Not Reported Fincl Stmt | $0 | RevenueNotReportedFinclStmtAmt |
| Total Revenue Per Form990 | $573,816 | TotalRevenuePerForm990Amt |
| Tot Expns Etc Audited Fincl Stmt | $511,526 | TotExpnsEtcAuditedFinclStmtAmt |
| Donated Services Use Fclts | $11,000 | DonatedServicesUseFcltsAmt |
| Expenses Not Reported | $11,000 | ExpensesNotReportedAmt |
| Expenses Subtotal | $500,526 | ExpensesSubtotalAmt |
| Expenses Not Rpt Fincl Stmt | $0 | ExpensesNotRptFinclStmtAmt |
| Total Expenses Per Form990 | $500,526 | 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. |