2018-11-12T14:22:53-06:00 2018-06-30 463220328 AKINS HENKE AND COMPANY 600 INWOOD AVENUE NORTH SUITE 160 OAKDALE MN 55128 990 2017-07-01 263292945 ECONOMIC CLUB OF MINNESOTA ECON 6124326790 7730 ZANZIBAR LANE NORTH MINNEAPOLIS MN 55311 KRISTIN ROBBINS EXECUTIVE DIRECTOR 6124326790 2018-11-07 1 GEORGIA AKINS P00950359 6516363806 50.244.196.169 2018-11-07 14:39:47 CS P 7A1792E1CEBC35935ABAF7F211B3BBF736DD0F17 7A1792E1CEBC35935ABAF7F211B3BBF736DD0F17 2017 2019-02-21 02:37:17Z KRISTIN ROBBINS 7730 ZANZIBAR LANE NORTH MINNEAPOLIS MN 55311 573816 0 X WWW.ECOMN.ORG X 2008 MN ECONOMIC CLUB OF MINNESOTA PROVIDES PULIC EDUCATION ON ISSUES THAT AFFECT OUR ABILITY TO COMPETE IN THE GLOBAL ECONOMY. 10 10 3 12 0 0 221350 296723 217225 271896 195 197 0 5000 438770 573816 0 0 0 0 150364 172731 0 0 16908 251381 327795 401745 500526 37025 73290 351059 427255 20477 23383 330582 403872 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 418148 271896 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. 418148 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 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 KRISTIN ROBBINS 6124326790 7730 ZANZIBAR LANE NORTH MINNEAPOLIS MN 55311 MARK KENNEDY CHAIRMAN 10.00 X X 0 0 0 TIM PENNY DIRECTOR-CO FOUNDER 2.00 X 0 0 0 DAVE 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 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 KRISTIN ROBBINS EXECUTIVE DIRECTOR 40.00 X 80000 0 2400 80000 0 2400 0 0 0 0 0 296723 296723 EVENT REVENUE 900099 186267 186267 MEMBER DUES 900099 85629 85629 271896 197 197 OTHER INCOME 999999 5000 5000 5000 573816 271896 0 5197 91155 75504 10303 5348 67500 39895 18918 8687 1970 1165 550 255 12106 8785 2244 1077 12568 12568 5887 39 5848 7503 2184 4192 1127 1240 484 704 52 4905 4351 541 13 3195 2319 592 284 EVENTS EXPENSE 284470 283208 1256 6 FEES AND MISCELLANEOUS 8027 214 7754 59 500526 418148 65470 16908 91163 163224 238779 244977 8250 15000 11235 29 1632 4025 351059 427255 20477 23383 20477 23383 X 325582 365972 5000 37900 330582 403872 351059 427255 73290 0 X 0 1 X 1 0 X 200169 207349 259555 221350 296723 1185146 200169 207349 259555 221350 296723 1185146 131587 1053559 332 271 227 195 197 1222 5000 5000 1191368 1107732 0.88430 0.88730 X 0 X 584816 11000 11000 573816 0 573816 511526 11000 11000 500526 0 500526 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.