Coalition Of Minnesota Businesses
- Assets
- $42.6k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Minneapolis, MN
- Founding
- 03/1994
- Data as of
- 12/2023
- EIN
- 41-1685181
Organization Overview
Coalition Of Minnesota Businesses is located in Minneapolis, MN. The organization was established in 1994. According to its NTEE Classification (S01) the organization is classified as: Alliances & Advocacy, 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. Coalition Of Minnesota Businesses is a 501(c)(6) and as such, is described as a "Business League, Chambers of Commerce, or Real Estate Board" by the IRS.
For the year ending 12/2023, Coalition Of Minnesota Businesses generated $2.0k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 8 years, the organization has seen revenues fall by an average of (58.9%) each year. All expenses for the organization totaled $217.1k during the year ending 12/2023. You can explore the organizations financials more deeply in the financial statements section below.
Form
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2023
Describe the Organization's Program Activity:
Part 3
PRO-JOBS MESSAGING: WORKING AT THE CAPITOL AND IN THE COMMUNITY, THE CMB SUPPORTS FOUR SPEND SMART PRINCIPALS TO CREATE JOBS. CMB ADVOCATED FOR A GOVERNMENT THAT LIVES WITHIN ITS MEANS, PRIORITIZING NEEDS, INNOVATING AND ENSURING TAXPAYERS GET WHAT THEY PAY FOR.ESTABLISHED IN 1991, THE COALITION OF MINNESOTA BUSINESSES (CMB) IS A NON-PARTISAN, GRASSROOTS ORGANIZATION COMPRISED OF 11 EMPLOYER GROUPS REPRESENTING MORE THAN 20,000 MINNESOTA EMPLOYERS WITH HUNDREDS OF THOUSANDS OF EMPLOYEES ACROSS THE STATE. CMB PARTNER ORGANIZATIONS WORK TOGETHER TO IMPROVE MINNESOTA'S QUALITY OF LIFE BY IMPROVING OUR BUSINESS CLIMATE AND STRENGTHENING OUR ECONOMY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Charles Weaver President (thru Aug 2023) | 1 | $0 | |
Kurt Zellers President (as Of Sep 2023) | 1 | $0 | |
Amy Walstien Secretary/treasurer | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Majority Strategies Llc Advertising/marketing Services | 12/30/20 | $1,081,179 |
Neco Media Inc Marketing Services | 12/30/20 | $497,939 |
Weber Johnson Public Affairs Llc Advertising | 12/30/20 | $167,567 |
Fls Connect Llc Marketing Services | 12/30/20 | $100,000 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $2,000 |
| Total Program Service Revenue | $0 |
| Membership dues | $0 |
| Investment income | $0 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $2,000 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $0 |
| Professional fees and other payments to independent contractors | $46,655 |
| Occupancy, rent, utilities, and maintenance | $0 |
| Printing, publications, postage, and shipping | $0 |
| Other expenses | $170,462 |
| Total expenses | $217,117 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $27,675 |
| Other assets | $0 |
| Total assets | $42,593 |
| Total liabilities | $119 |
| Net assets or fund balances | $42,474 |