Minneapolis Regional Chamber Development Foundation
EIN: 363468708 · Minneapolis, MN · NTEE: S20Z
| Metric | Value |
|---|---|
| Total Revenue | $1.7M |
| Total Expenses | $2.3M |
| Net Assets | $-248,858 |
Is Minneapolis Regional Chamber Development Foundation Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Minneapolis Regional Chamber Development Foundation
Minneapolis Regional Chamber Development Foundation (EIN: 363468708) is a nonprofit organization based in Minneapolis, MN, classified under NTEE code S20Z. The organization reported total revenue of $1.7M and total assets of $533K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Minneapolis Regional Chamber Development Foundation's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Minneapolis Regional Chamber Development Foundation is a mid-size nonprofit that has been operating for 40 years, with 12 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 10.8%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $1.6M |
| Total Expenses | $2.3M |
| Surplus / Deficit | $-640,008 |
| Total Assets | $873K |
| Total Liabilities | $1.1M |
| Net Assets | $-248,858 |
| Operating Margin | -39.6% |
| Debt-to-Asset Ratio | 128.5% |
| Months of Reserves | 4.6 months |
Financial Health Grade: C
In 2023, Minneapolis Regional Chamber Development Foundation reported a deficit of $640K with expenses exceeding revenue, holds 4.6 months of operating reserves (adequate), has a debt-to-asset ratio of 128.5% (high leverage).
Financial Trends
Over 12 years of filings (2011–2023), Minneapolis Regional Chamber Development Foundation's revenue has grown at a compound annual growth rate (CAGR) of 10.8%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +0.3% | +12.9% | -34.7% |
| 2022 | -6.9% | +14.1% | -9.6% |
| 2021 | +3.6% | +62.3% | -10.1% |
| 2020 | +112.7% | +48.8% | +209.8% |
| 2019 | +72.3% | +81.9% | +31.6% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1986 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Minneapolis Regional Chamber Development Foundation has not yet been completed. Basic IRS 990 data is shown below. Check back later for a full transparency report including a Mission Score, spending breakdown, executive compensation analysis, and red flags assessment.
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Minneapolis Regional Chamber Development Foundation with a Mission Score of 0 out of 100 (Very Poor). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $640K, with expenses exceeding revenue.
- Debt-to-asset ratio: 128.5%.
Frequently Asked Questions about Minneapolis Regional Chamber Development Foundation
Is Minneapolis Regional Chamber Development Foundation a legitimate charity?
Minneapolis Regional Chamber Development Foundation (EIN: 363468708) is a registered tax-exempt nonprofit based in Minnesota. It has 12 years of IRS 990 filings on record. Total revenue: $1.7M. No red flags identified. Financial health grade: C.
How does Minneapolis Regional Chamber Development Foundation spend its money?
Minneapolis Regional Chamber Development Foundation reported $1.7M in total revenue in IRS 990 filings. 12 years of filing data available. Expenses exceeded revenue in the most recent year. Review the full spending breakdown on NonprofitSpending.
Are donations to Minneapolis Regional Chamber Development Foundation tax-deductible?
Minneapolis Regional Chamber Development Foundation is registered as a tax-exempt nonprofit (EIN: 363468708). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Minneapolis Regional Chamber Development Foundation located?
Minneapolis Regional Chamber Development Foundation is headquartered in Minneapolis, Minnesota and files with the IRS under EIN 363468708. It is classified under NTEE code S20Z.
How many years of IRS 990 filings does Minneapolis Regional Chamber Development Foundation have?
Minneapolis Regional Chamber Development Foundation has 12 years of IRS 990 filings on record at NonprofitSpending. This extensive filing history provides a strong basis for evaluating long-term financial trends. The most recent filing shows $1.7M in total revenue.
Filing History
IRS 990 filing history for Minneapolis Regional Chamber Development Foundation showing financial trends over 12 years of public records:
Over 12 years of IRS 990 filings (2011–2023), Minneapolis Regional Chamber Development Foundation's revenue has grown by 244%, moving from $470K to $1.6M. Total assets increased by 96.4% over the same period, from $444K to $873K. Total functional expenses rose by 805.6%, from $249K to $2.3M. In its most recent filing year (2023), Minneapolis Regional Chamber Development Foundation reported a deficit of $640K, with expenses exceeding revenue. The organization holds $1.1M in liabilities against $873K in assets (debt-to-asset ratio: 128.5%), resulting in net assets of $-248,858.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $1.6M | $2.3M | $873K | $1.1M | — | — |
| 2022 | $1.6M | $2.0M | $1.3M | $774K | — | View 990 |
| 2021 | $1.7M | $1.8M | $1.5M | $538K | — | View 990 |
| 2020 | $1.7M | $1.1M | $1.6M | $681K | — | View 990 |
| 2019 | $786K | $726K | $530K | $158K | — | View 990 |
| 2018 | $456K | $399K | $403K | $90K | — | View 990 |
| 2017 | $320K | $133K | $338K | $82K | — | — |
| 2015 | $18K | $21K | $83K | $2K | — | View 990 |
| 2014 | $14K | $77K | $88K | $3K | — | View 990 |
| 2013 | $354K | $348K | $167K | $19K | — | View 990 |
| 2012 | $328K | $600K | $158K | $16K | — | View 990 |
| 2011 | $470K | $249K | $444K | $31K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $1.6M, expenses of $2.3M, and assets of $873K (revenue +0.3% year-over-year).
- 2022: Revenue of $1.6M, expenses of $2.0M, and assets of $1.3M (revenue -6.9% year-over-year).
- 2021: Revenue of $1.7M, expenses of $1.8M, and assets of $1.5M (revenue +3.6% year-over-year).
- 2020: Revenue of $1.7M, expenses of $1.1M, and assets of $1.6M (revenue +112.7% year-over-year).
- 2019: Revenue of $786K, expenses of $726K, and assets of $530K (revenue +72.3% year-over-year).
- 2018: Revenue of $456K, expenses of $399K, and assets of $403K (revenue +42.3% year-over-year).
- 2017: Revenue of $320K, expenses of $133K, and assets of $338K (revenue +1695.2% year-over-year).
- 2015: Revenue of $18K, expenses of $21K, and assets of $83K (revenue +31.7% year-over-year).
- 2014: Revenue of $14K, expenses of $77K, and assets of $88K (revenue -96.2% year-over-year).
- 2013: Revenue of $354K, expenses of $348K, and assets of $167K (revenue +8.1% year-over-year).
- 2012: Revenue of $328K, expenses of $600K, and assets of $158K (revenue -30.3% year-over-year).
- 2011: Revenue of $470K, expenses of $249K, and assets of $444K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Minneapolis Regional Chamber Development Foundation:
Data Sources and Methodology
This transparency report for Minneapolis Regional Chamber Development Foundation is generated by NonprofitSpending's AI analysis engine. The data is sourced from publicly available IRS 990 filings accessed through the ProPublica Nonprofit Explorer API and IRS electronic filing records. The Mission Score, spending breakdown, and other analytical insights are produced by artificial intelligence and should be used as one of multiple factors when evaluating a nonprofit organization.
IRS 990 forms are annual information returns that most tax-exempt organizations must file with the IRS. These forms provide detailed financial information including revenue, expenses, assets, liabilities, and compensation of officers. NonprofitSpending processes this data to provide accessible transparency reports for donors, researchers, and the general public.
Disclaimer
AI-generated analysis based on IRS public records. Not financial or legal advice. Verify information directly with the organization.