Twin West Chamber Foundation
- Assets
- $0.0
- Revenue
- $365.0k
- Investments
- $0.0
- Employees
- 0
- Location
- Minneapolis, MN
- Founding
- 08/1983
- Data as of
- 09/2020
- EIN
- 41-1435676
Organization Overview
Twin West Chamber Foundation is located in Minneapolis, MN. The organization was established in 1983. According to its NTEE Classification (W70) the organization is classified as: Leadership Development, under the broad grouping of Public & Societal Benefit and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Twin West Chamber Foundation 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 09/2020, Twin West Chamber Foundation generated $365.0k in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 21.6% each year . All expenses for the organization totaled $346.0k during the year ending 09/2020. While expenses have increased by 27.1% per year over the past 6 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.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2020
Describe the Organization's Mission:
Part 3 - Line 1
CIVIC, CHARITABLE, EDUCATIONAL & CULTURAL
Describe the Organization's Program Activity:
Part 3 - Line 4a
FUNDRAISING ACTIVITES RELATED TO STUDENT SCHOLARSHIPS AND THE GRANTING OF 15 SCHOLARSHIPS TO STUDENTS SEEKING EDUCATION.
OUR FOUNDATION HAS CONTRACTS WITH FOUR SCHOOL DISTRICTS - THIS INCLUDED WORKING DIRECTLY WITH THEM TO INCREASE EDUCATION, CONNECTIONS OF BUSINESS LEADERS INTO THE CLASSROOM AND TEACHER & STUDENTS OUT INTO THE BUSINESS ENVIRONMENT. THIS WAS AROUND CAREER EXPLORATION, INCREASE ACTIVITIES, BUILDING RELATIONSHIPS, DEVELOPING AND IMPLEMENTING NEW PROGRAMS WITH A GOAL OF IMPACTING 500+ STUDENTS.
OUR FOUNDATION LAUNCHED A NEW TECHNOLOGY PLATFORM TO BRING TOGETHER WORKFORCE STAKEHOLDERS TO SHARE INFORMATION. THE PLAFTFORM PULLS JOB POSTS FROM COMPANIES' CAREER TRACKING SYSTEMS. JOB SEEKERS CAN APPLY TO OPEN POSITIONS DIRECTLY FROM THE SITE AND CREATE VIDEO COVER LETTERS. THEY CAN ALSO ACCESS ONLINE AND COLLEGE COURSES IN THEIR AREA.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Aaron Johnson Chair | OfficerTrustee | 1.5 | $0 |
Shannon Full President | OfficerTrustee | 40 | $0 |
Jason Lamontagne Treasurer | OfficerTrustee | 1.5 | $0 |
Mj Horner Director | Trustee | 0.5 | $0 |
Bryan Bergmann Director | Trustee | 0.5 | $0 |
Gloria Inamagua Director | Trustee | 0.5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $17,500 |
| All other contributions, gifts, grants, and similar amounts not included above | $39,936 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $57,436 |
| Total Program Service Revenue | $302,304 |
| Investment income | $2,685 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $364,985 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $15,000 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $1,500 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| Information technology | $67,574 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $125 |
| Interest | $4,559 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $345,997 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $0 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $0 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $0 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Twin West Chamber Foundation has recieved totaling $1,000.
| Awarding Organization | Amount |
|---|---|
Walter C Rasmussen Foundation Minneapolis, MN PURPOSE: REVITALIZE/STABALIZE LMI | $1,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Move The Mountain Leadership Center Inc Rapid City, SD | $309,294 | $635,812 |
Atlas Science Center Inc Appleton, WI | $1,880,693 | $277,550 |
Twin West Chamber Foundation Minneapolis, MN | $0 | $364,985 |
Inspired Investment Leadership North Oaks, MN | $31,094,466 | $14,416,010 |
Greater Des Moines Leadership Institute Des Moines, IA | $363,774 | $269,981 |
South Dakota Agricultural And Rural Leadship Foundaiton Brookings, SD | $1,885,724 | $1,574,057 |
Math Masters Of Minnesota North Mankato, MN | $40,572 | $0 |
Planting People Growing Justice Leadership Institute Saint Paul, MN | $182,202 | $221,389 |
American Society Of Pharmacognosy Foundation Cedar Falls, IA | $2,370,805 | $181,236 |
Entrepreneurs Organization Of Wisconsin Inc Green Bay, WI | $92,193 | $0 |
Leadher Davenport, IA | $16,597 | $0 |
Womens Leadership Network Dubuque, IA | $87,194 | $0 |