2015-11-16T09:37:30-06:00 2015-06-30 463220328 AKINS HENKE AND COMPANY 600 INWOOD AVENUE NORTH SUITE 160 OAKDALE MN 55128 990 2014-07-01 263292945 ECONOMIC CLUB OF MINNESOTA ECON 6124326790 7730 ZANZIBAR LANE NORTH MINNEAPOLIS MN 55311 KRISTIN ROBBINS EXECUTIVE DIRECTOR 6124326790 2015-10-30 1 GEORGIA AKINS P00950359 6516363806 2014 2016-02-25 16:41:14Z KRISTIN ROBBINS 7730 ZANZIBAR LANE NORTH MINNEAPOLIS MN 55311 416727 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. 9 9 3 0 0 0 200169 207349 201861 209107 332 271 0 0 402362 416727 20000 0 0 0 137210 145480 0 0 11512 233728 228820 390938 374300 11424 42427 299281 350953 58385 67630 240896 283323 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 303005 209107 THE ECONOMIC CLUB OF MINNESOTA PROVIDES PUBLIC EDUCATION ON ISSUES THAT AFFECT OUR ABILITY TO COMPLETE IN THE GLOBAL ECONOMY. WE HELD 9 PUBLIC LUNCHEONS THIS SEASON WITH AN ARRAY OF TOP-TIER NATIONAL AND INTERNATIONAL LEADERS. IN FISCAL YEAR 2015 ATTENDANCE AT EVENTS RANGED FROM 300-400 PER EVENT. IN ADDITION, AS OUR SPEAKER'S SCHEDULES PERMIT, WE ALSO LIKE TO HOST STUDENT EVENTS AT AREA COLLEGES, UNIVERSITIES AND ADDITIONAL MEETINGS/TOURS TO HELP THEM BETTER UNDERSTAND THE VITALITY OF MINNESOTA'S ECONOMY. WE OCCASIONALLY WRITE OPINION PIECES ON TOPICS IMPACTING THE GLOBAL ECONOMY. THIS YEAR WE ALSO LAUNCHED OUR "YOUNG PROFESSIONALS CLUB (YPC)," WHICH WILL ENGAGE EMERGING BUSINESS LEADERS IN ECONOMICS THROUGH SMALLER EVENTS DESIGNED TO HELP THEM NETWORK, DISCUSS ECONOMIC ISSUES IN A SMALLER SETTING, AND ENABLE THEM TO MEET WITH MORE "SEASONED" BUSINESS LEADERS AND LEARN FROM THEIR EXPERIENCES. THIS YEAR WE INCREASED OUR PRESENCE ON SOCIAL MEDIA AND REGULARLY RE-POSTED NEWS ARTICLES, PIECES WRITTEN BY OUR SPEAKERS OR STUDIES ON ISSUES AFFECTING COMPETITIVENESS. WE CONTINUED OUR MEDIA OUTREACH EFFORTS AND INCREASED THE VISIBILITY OF THE CLUB AND THE ISSUES DEALT WITH BY OUR SPEAKERS, INCLUDING TRADE, MONETARY POLICY AND CURRENCY ISSUES. 303005 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 1 0 1 3 1 0 0 0 0 0 1 1 0 0 0 0 X 9 9 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 2.00 X 0 0 0 DAVE FRAUENSHUH TREASURER 5.00 X X 0 0 0 WILLIAM FRENZEL 714 - 1114 DIRECTOR 4.00 X 0 0 0 STEVE SANGER PRESIDENT 2.00 X X 0 0 0 ELLIOT JAFFEE DIRECTOR 2.00 X 0 0 0 SID VERDOORN 7114 - 115 DIRECTOR 2.00 X 0 0 0 MARTHA MACMILLAN DIRECTOR 2.00 X 0 0 0 CHRISTINE CUMMING DIRECTOR 2.00 X 0 0 0 MARK OLSON DIRECTOR 2.00 X 0 0 0 NARAYANA KOCHERLAKOTA DIRECTOR 2.00 X 0 0 0 KRISTIN ROBBINS EXECUTIVE DIRECTOR 40.00 X 62000 0 1860 62000 0 1860 0 0 0 0 0 207349 207349 MEMBER DUES 900099 177385 177385 EVENT REVENUE 900099 31722 31722 209107 271 271 416727 209107 0 271 65920 48750 13922 3248 67939 50419 12239 5281 619 377 109 133 770 468 138 164 10232 7592 1985 655 10750 10750 24866 19461 5405 6041 187 5448 406 1283 846 375 62 8250 6112 1610 528 6675 5778 871 26 2770 2052 541 177 EVENTS EXPENSE 161382 160493 683 206 FEES AND MISCELLANEOUS 5492 470 5022 SPONSORSHIP & MEMBERSHI 1311 685 626 374300 303005 59783 11512 84150 129559 188087 188357 5250 1375 20566 29076 1228 2586 299281 350953 27295 27150 31090 40480 58385 67630 X 208086 252828 32810 30495 240896 283323 299281 350953 42427 0 X 0 1 X 1 0 X 141760 140580 160508 200169 207349 850366 141760 140580 160508 200169 207349 850366 114405 735961 459 674 640 332 271 2376 852742 1069726 0.86310 0.84960 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 X 424930 8203 8203 416727 0 416727 382503 8203 8203 374300 0 374300 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 FROM 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. THE ORGANIZATION IS SUBJECT TO ROUTINE AUDITS BY TAXING JURISDICTIONS; HOWEVER, THERE ARE CURRENTLY NO AUDITS FOR ANY TAX PERIODS IN PROGRESS. THE ORGANIZATION BELIEVES IT IS NO LONGER SUBJECT TO INCOME TAX EXAMINATIONS FOR YEARS PRIOR TO FISCAL 2012. FORM 990, PART VI, SECTION B, LINE 11 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.