Nonprofit screen
Screen a listMinneapolis Regional Chamber Development Foundation
Can you give?
Listed with the IRS. Every screen came back clear.
A 501(c)(3) on Publication 78 and the IRS master file.
- IRS nonprofit listing
- No issue
- Revocation
- None
- IRS files
- Agree
- Sanctions
- No match
- IRS bulletin
- No notice
- California
- No record
- Charity type
- 509(a)(1)
$1.7Mrevenue
FY2024 · −3% in 3 yrs8 of 8years filed
’17’18’19’20’21’22’23’24
Revenue and spendingRevenueSpendingDeficit
Against similar nonprofits FY2024
Operating margin−13.6%
Months of reserve1.5mo
Revenue growth (annualized)+26.7%
Middle half of peersMedianMinneapolis Regional Chamber Development
Where the money goes FY2024 · $1.9M spent
Programs$1.7M91%Management and general$170k9%990 FY2024 · Part IX line 25
Worth checking2
Government grants fell 94% in FY2022
$505k in FY2021, $30k in FY2022.
990 Part VIIIDeficits in 3 of the last 3 years
−$388k in FY2022, −$640k in FY2023 and −$228k in FY2024. Cash covers 1.5 months, under the peer median of 5.5.
990 Part I and balance sheetIn its favor2
Strong governance
3 of 4 board members independent. Conflict-of-interest and whistleblower policies, audited financial statements, board reviews the 990.
990 Part VIGrowing faster than peers
Revenue up 27% a year since FY2017, in the top quarter of similar nonprofits.
990 Part I · peer cohort11funders
$117ka year, last 3 years
37%from its largest funder
Funder’19’20’21’22’23The McKnight FoundationStopped after FY2020$230k$100k–The Lawrence Family FoundationSince FY2020$22k$10k$40k$60kHolmes Csm Family FoundationOn and off$50kMightycause Charitable FoundationOn and off$17kCenterpoint Energy Foundation IncOn and off$15kEcmc Group IncNew in FY2023$15kDonor-advised giftsDonors not disclosed$10k$50k$80k3 other fundersUp to $5k a year each$3k$5k
FundedThrough a donor-advised fundStopped