St Paul Chamber Of Commerce Foundation Inc

Organization Overview

St Paul Chamber Of Commerce Foundation Inc is located in St Paul, MN. The organization was established in 1976. According to its NTEE Classification (S03) the organization is classified as: Professional Societies & Associations, under the broad grouping of Community Improvement & Capacity Building and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. St Paul Chamber Of Commerce Foundation Inc is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.

For the year ending 12/2021, St Paul Chamber Of Commerce Foundation Inc generated $845.0k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 8.2% each year. All expenses for the organization totaled $884.8k during the year ending 12/2021. While expenses have increased by 4.1% per year over the past 7 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.

Since 2020, St Paul Chamber Of Commerce Foundation Inc has awarded 68 individual grants totaling $1,672,623. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2021

Describe the Organization's Mission:

Part 3 - Line 1

TO GROW STRONG LEADERS AND PREPARE TOMORROW'S EMPLOYEES.

Describe the Organization's Program Activity:

Part 3 - Line 4a

GENERAL PROGRAMS: SUPPORT OF EVENTS, MEETINGS, AND PUBLICATIONS THAT PROVIDE THE ADVANCEMENT OF CIVIC, SOCIAL, COMMERCIAL, AND ECONOMIC INTERESTS OF THE CITY OF SAINT PAUL AND SURROUNDING EAST METRO AREA.


LEADERSHIP ST. PAUL (LSP): LSP IS THE CHAMBER'S FLAGSHIP ADULT LEARNING PROGRAM CENTERED ON COMMUNITY LEADERSHIP THAT PREPARES, CHALLENGES, AND ENGAGES EMERGING AND EXISTING LEADERS TO STRENGTHEN THE SAINT PAUL/EAST METRO REGION. THE CLASS HAS A MONTHLY PROGRAM DAY AND COMMUNITY PROJECTS TO COMPLETE IN GROUPS. IN 2021, THE FOUNDATION GRADUATED 39 INDIVIDUALS WHO COMPLETED THREE PROJECTS FOR ONE NONPROFIT ORGANIZATION.


RIGHT TRACK PROGRAM: THE CHAMBER PROMOTES AND RECRUITS MEMBERS TO PARTICIPATE IN THE CITY OF SAINT PAUL'S RIGHT TRACK PROGRAM WHICH IS RUN BY THE FOUNDATION. THE RIGHT TRACK PROGRAM TARGETS STUDENTS IN THE SAINT PAUL PUBLIC SCHOOL SYSTEM WITH SUMMER INTERNSHIPS AT PARTICIPATING BUSINESSES.


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Board, Officers & Key Employees

Name (title)Compensation
Brenda Kyle
President & Secretary
$0
Kathleen Lohmar Exel
Foundation Director
$0
Scott Rynda
Treasurer
$0
Justin Bieganek
Director
$0
Rachel Reiling
Chair
$0
Dana Cottrell
Director
$0

Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$0
Fundraising events$29,550
Related organizations$0
Government grants $108,182
All other contributions, gifts, grants, and similar amounts not included above$563,055
Noncash contributions included in lines 1a–1f $0
Total Revenue from Contributions, Gifts, Grants & Similar$700,787
Total Program Service Revenue$163,739
Investment income $16
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $0
Net Gain/Loss on Asset Sales $0
Net Income from Fundraising Events -$19,527
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $845,015

Grants Awarded

Over the last fiscal year, St Paul Chamber Of Commerce Foundation Inc has awarded $137,686 in support to 8 organizations.

Grant RecipientAmount

CASILLAS GLASS LLC

PURPOSE: DIRECT SUPPORT

$34,686

PEKING GARDEN CHINESE RESTAURANT

PURPOSE: DIRECT SUPPORT

$30,000

SIR CERRESSO FORT BOXING & FITNESS

PURPOSE: DIRECT SUPPORT

$20,000

GOLDEN THYME COFFEE SHOP

PURPOSE: DIRECT SUPPORT

$15,000

THE MIDWAY ENTERTAINMENT GROUP LLC

PURPOSE: DIRECT SUPPORT

$10,000

DOWNTOWN SMOKE SHOP INC

PURPOSE: DIRECT SUPPORT

$10,000
View Grant Profile

Grants Recieved

Over the last fiscal year, we have identified 3 grants that St Paul Chamber Of Commerce Foundation Inc has recieved totaling $210,501.

Awarding OrganizationAmount
Saint Paul & Minnesota Foundation

Saint Paul, MN

PURPOSE: MULTIPLE GRANTS FOR MULTIPLE PURPOSES

$151,000
Mary T And James J Hill Library Foundation

St Paul, MN

PURPOSE: SMALL BUS ASSIST FD

$50,000
Mightycause Charitable Foundation

Marianna, FL

PURPOSE: UNRESTRICTED

$9,501
View Grant Recipient Profile

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