2014-11-06T08:27:23-06:00 2014-06-30 463220328 AKINS HENKE AND COMPANY 600 INWOOD AVENUE NORTH SUITE 160 OAKDALE MN 55128 990 2013-07-01 263292945 ECONOMIC CLUB OF MINNESOTA ECON 6124326790 7730 ZANZIBAR LANE NORTH MINNEAPOLIS MN 55311 KRISTIN ROBBINS EXECUTIVE DIRECTOR 6124326790 2014-10-27 1 GEORGIA AKINS P00950359 6516363806 2013 2015-11-30 17:44:51Z KRISTIN ROBBINS 7730 ZANZIBAR LANE NORTH MINNEAPOLIS MN 55311 402362 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. 11 11 4 25 0 0 320888 200169 48690 201861 640 332 0 0 370218 402362 20000 20000 0 0 124384 137210 0 0 18528 233115 233728 377499 390938 -7281 11424 264928 299281 35456 58385 229472 240896 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 320359 20000 201861 THE ECONOMIC CLUB OF MINNESOTA PROVIDES PUBLIC EDUCATION ON ISSUES THAT AFFECT OUR ABILITY TO COMPLETE IN THE GLOBAL ECONOMY. WE HELD 7 PUBLIC LUNCHEONS THIS SEASON. IN FISCAL YEAR 2014 ATTENDANCE AT EVENTS RANGED FROM 300-350 PER EVENT. IN ADDITION, AS OUR SPEAKER'S SCHEDULES PERMIT, WE ALSO LIKE TO HOST STUDENT EVENTS AT AREA COLLEGES, UNIVERSITIES AND ADDITIONAL MEETING TOURS TO HELP THEM BETTER UNDERSTAND THE VITALITY OF MINNESOTA'S ECONOMY. WE OCCASIONALLY WRITE OPINION PIECES ON TOPICS IMPACTING THE GLOBAL ECONOMY. WE ALSO STRENGTHENED OUR ECONOMIC LITERACY MISSION THIS YEAR BY GIVING TWO SIGNIFICANT GRANTS TO LOCAL ORGANIZATIONS THAT PROMOTE ECONOMIC LITERACY AT THE K-12 LEVEL AND PROVIDE TRAINING FOR TEACHERS OF ECONOMICS. WE GAVE $10,000 TO BESTPREP AND $10,000 TO JUMPSTART THIS YEAR.IN ADDITION, WE HELD A SPECIAL EVENT IN WASHINGTON, D.C., IN FY14 TO CELEBRATE THE 20TH ANNIVERSARY OF THE NORTH AMERICAN FREE TRADE AGREEMENT (NAFTA) AND PRESENT OUR FIRST ANNUAL CHAMPION OF FREE TRADE AWARD TO FORMER CONGRESSMAN BILL FRENZEL. THIS WAS OUR FIRST HALF-DAY CONFERENCE AND OUR FIRST EVENT IN D.C. IT FEATURED A PANEL OF GLOBAL LEADERS ON TRADE INCLUDING THE AMBASSADORS OF CANADA AND MEXICO, FORMER USTRS BOB ZOELLICK AND CARLA HILLS, FORMER CHIEF OF STAFF TO PRESIDENT CLINTON, MACK MCLARTY, AND THE TOP NAFTA NEGOTIATORS FROM MEXICO AND CANADA. 320359 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 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 2 0 1 4 1 0 0 0 0 0 1 1 0 0 0 0 X 11 11 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 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 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 58463 0 1754 58463 0 1754 0 0 0 0 0 200169 200169 MEMBER DUES 900099 161630 161630 EVENT REVENUE 900099 40231 40231 201861 332 332 402362 201861 0 332 20000 20000 61800 42766 15062 3972 63453 46949 8921 7583 579 329 73 177 1647 963 211 473 9731 6985 1843 903 12495 12495 24450 24388 62 7810 1137 4418 2255 2425 1990 337 98 11000 7883 2098 1019 5410 4241 1110 59 2691 1921 522 248 EVENTS EXPENSE 162247 160681 662 904 FEES AND MISCELLANEOUS 4363 126 4237 SPONSORSHIP & MEMBERSHI 837 837 390938 320359 52051 18528 5882 84150 250880 188087 2800 5250 3629 20566 1737 1228 264928 299281 19216 27295 16240 31090 35456 58385 X 213212 208086 16260 32810 229472 240896 264928 299281 11424 0 X 0 1 X 1 0 X 66438 141760 140580 160508 200169 709455 66438 141760 140580 160508 200169 709455 104948 604507 459 674 640 332 2105 711560 923471 0.84960 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 X 413981 11619 11619 402362 0 402362 402557 11619 11619 390938 0 390938 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. 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 2011. 1 BESTPREP 7100 NORTHLAND CIRCLE N SUITE 402 BROOKLYN PARK MN 55428 411265355 501(C)(3) 10000 PROMOTE THE EDUCATION OF ECONOMIC LITERACY MINNESOTA JUMPSTART 840 WESTMINSTER STREET SAINT PAUL MN 55130 412006659 501(C)(3) 10000 PROMOTE THE EDUCATION OF ECONOMIC LITERACY 2 0 PART I, LINE 2: ECONOMIC CLUB KEEPS IN CONTACT WITH ORGANIZATIONS THAT RECEIVE GRANTS AND SEND REPRESENTATIVES TO WORKSHOPS AND COMPETITIONS SPONSORED BY THESE GROUPS TO ENSURE USE OF FUNDS MEETS ECONOMIC CLUBS EXPECTATIONS. 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.