MINNEAPOLIS SAINT PAUL REGIONAL ECONOMIC DEVELOPMENT PARTNERSHIP Charity Report

Public IRS 990 nonprofit record

MINNEAPOLIS SAINT PAUL REGIONAL ECONOMIC DEVELOPMENT PARTNERSHIP

EIN 27-4026636 · Economic Development (S30)

What they do

THE MISSION of THE GREATER MSP PARTNERSHIP is to ACCELERATE REGIONAL COMPETITIVENESS and INCLUSIVE ECONOMIC GROWTH THROUGH JOB CREATION, CAPITAL INVESTMENT and EXECUTION of STRATEGIC INITIATIVES. THE PARTNERSHIP WORKS to STRENGTHEN OUR REGIONS GLOBAL SECTORS, PRIORITIZE TALENT, and TELL OUR STORY.

Before you give

Should I give to this charity?

Easy charity check

Look at where the money went

Of every $100 spent, about $77.40 was reported for mission work. Use the spending picture below and ask what results that work produced.

Plain answer: A tax form cannot prove that a charity is doing good. It can show how the charity says it spent its money—and point out questions you should ask.

Basic facts we verified

IRS warning checkNo IRS revocation warning appears in this data.

Money report from 2024The charity has a recent tax report to read.

They explain their jobThe charity tells us what it is trying to do.

They name their leaders52 people are listed in the latest report.

You can reach themThey list contact information, so you can ask questions.

Money made simple

65.09%of revenue went to mission work77.4% of expenses · Program services

1.70%of revenue went to fundraising2.0% of expenses

$84.06spent for every $100 of revenueRevenue covered expenses this year.

17.28%of revenue went to management and office costs20.6% of expenses

$0.97in assets for every $1 spent this yearSome assets cannot be spent right away.

99.1%of its money came from giftsOther money may come from services or investments.

Ask these three easy questions

Who did you help? Ask for a recent story or report that shows real results.
What will my money do? Ask exactly what your gift will pay for.
Is this really the charity? Give only through its official website or confirmed phone number.

Pay context: The highest compensation shown in this filing is $515,992 for PETER FROSCH (PRESIDENT & CEO). Compare pay with organizations of similar size and complexity.

Bottom line: Do not decide from a name, mission statement, or tax status alone. Look at where the money went, then ask what changed, who was helped, and what your gift will do. YouCanGiveBack does not endorse or grade organizations.

Money

Financial picture

Tax year 2024

A plain-language look at the latest Form 990 figures available. These numbers help you ask better questions; they do not, by themselves, rate whether a charity is good or bad.

$100revenue

How each $100 of revenue was used

The large number compares each expense with revenue. The smaller number shows its share of total expenses.

Total reported revenue$10,270,115

Mission workProgram services$6,684,45465.09% of revenue77.4% of expenses

ManagementOffice and general costs$1,774,35117.28% of revenue20.6% of expenses

FundraisingAsking for donations$174,6971.70% of revenue2.0% of expenses

Revenue left after expensesReported annual surplus$1,636,61315.94% of revenueShown in gray on the chart

Total expenses$8,633,50284.06% of revenue

Gray means reported revenue left after expenses for this filing year. It does not necessarily mean cash sitting in a bank account.

Has the pattern changed?

Colored bars = expense mix: how each year’s expenses were divided. Total expenses vs. revenue shows whether the charity spent less or more than it received. The current filing is first.

YearExpense mixDetails

2024CurrentExpense mix: 77.4% mission · 20.6% management · 2.0% fundraisingTotal expenses: 84.06% of revenue

2023Expense mix: 76.9% mission · 20.8% management · 2.2% fundraisingTotal expenses: 95.33% of revenue

2022Expense mix: 77.9% mission · 20.8% management · 1.2% fundraisingTotal expenses: 101.39% of revenue

2021Expense mix: 78.6% mission · 20.0% management · 1.4% fundraisingTotal expenses: 97.81% of revenue

2020Expense mix: 77.6% mission · 20.6% management · 1.8% fundraisingTotal expenses: 88.19% of revenue

2019Expense mix: 74.1% mission · 18.5% management · 7.4% fundraisingTotal expenses: 88.10% of revenue

2018Expense mix: 79.0% mission · 15.4% management · 5.5% fundraisingTotal expenses: 99.98% of revenue

2017Expense mix: 82.8% mission · 11.6% management · 5.6% fundraisingTotal expenses: 100.31% of revenue

Money in and money out

Revenue$10,270,115

Expenses$8,633,502

Annual surplus $1,636,613 Revenue was higher than expenses for this filing year.

Reported spending amounts

Mission work means the Form 990 category called program services. These are reported accounting categories—not an independent measurement of results.

Mission work (program services)$6,684,454 · 77.4% of expenses

Management and office costs$1,774,351 · 20.6% of expenses

Fundraising$174,697 · 2.0% of expenses

See all reported dollar amounts

Revenue$10,270,115

Expenses$8,633,502

Assets$8,385,747

Income$10,270,115

Contributions$10,181,130

Mission work (program services)$6,684,454

Fundraising$174,697

Grants given$203,253

Average grant$29,036

Management and general$1,774,351

Executive compensation (total)$1,323,945

Accounting fees$78,865

People

Leadership and board

Tax year 2024

Names, titles, time, and compensation below are reported by the organization on its Form 990.

People reported as paid

Person and titleCompensation

PETER FROSCHPRESIDENT & CEO · 40 hrs/week $515,992Base $501,135 · Other $14,857

AMANDA TAYLORVICE PRESIDENT, BUSINESS INVESTMENT · 40 hrs/week $289,764Base $247,975 · Other $41,789

MORRIS GOODWIN JRMANAGING DIRECTOR, FORGE NORTH · 40 hrs/week $284,036Base $252,260 · Other $31,776

MATTHEW K LEWISVICE PRESIDENT, PARTNERSHIP STRATEGY · 40 hrs/week $274,801Base $257,654 · Other $17,147

CATHERINE PENKERTVICE PRESIDENT, OPERATIONS · 40 hrs/week $236,614Base $227,378 · Other $9,236

JULIA SILVISMANAGING DIRECTOR, RESEARCH AND INTELLIGENCE · 40 hrs/week $226,416Base $215,537 · Other $10,879

JENNIFER M LINDEMERDIRECTOR, ORGANIZATIONAL DEVELOPMENT · 40 hrs/week $225,859Base $183,535 · Other $42,324

IEESHA M COLLINSENTERPRISE DIRECTOR, TALENT, INCLUSION, & ENGAGEME · 40 hrs/week $222,082Base $198,252 · Other $23,830

JOANNE BERKENKAMPMANAGING DIRECTOR, MBOLD · 40 hrs/week $216,687Base $193,838 · Other $22,849

KRISTIN GUILDDIRECTOR, BUSINESS BRIDGE AND TALENT SOLUTIONS · 40 hrs/week $183,234Base $175,565 · Other $7,669

Compensation alone does not tell whether pay is reasonable. Consider the charity’s size, work, location, and results.

See everyone listed on the board or leadership roster (52)

PETER FROSCHPRESIDENT & CEO

AMANDA TAYLORVICE PRESIDENT, BUSINESS INVESTMENT

MORRIS GOODWIN JRMANAGING DIRECTOR, FORGE NORTH

MATTHEW K LEWISVICE PRESIDENT, PARTNERSHIP STRATEGY

CATHERINE PENKERTVICE PRESIDENT, OPERATIONS

JULIA SILVISMANAGING DIRECTOR, RESEARCH AND INTELLIGENCE

JENNIFER M LINDEMERDIRECTOR, ORGANIZATIONAL DEVELOPMENT

IEESHA M COLLINSENTERPRISE DIRECTOR, TALENT, INCLUSION, & ENGAGEME

JOANNE BERKENKAMPMANAGING DIRECTOR, MBOLD

KRISTIN GUILDDIRECTOR, BUSINESS BRIDGE AND TALENT SOLUTIONS

MAYOR MIKE MAGUIREDIRECTOR

JON NUDIDIRECTOR (UNTIL 3/1/2024)

BRADLEY WOODDIRECTOR

LAURA OBERSTDIRECTOR

LAYSHA WARDDIRECTOR (UNTIL 4/1/2024)

LISA ERICKSONDIRECTOR

MATT MARSHDIRECTOR

BOB FRENZELDIRECTOR

MAYOR JACOB FREYDIRECTOR

MAYOR MELVIN CARTERDIRECTOR

JOHN STAUCHDIRECTOR

MITCH BLESKEDIRECTOR

BARBARA KOSLOSKIDIRECTOR

AUDREY LUCASDIRECTOR

PRESIDENT REBECCA CUNNINGHAMDIRECTOR

RAVI NORMANVICE CHAIR

ROBERT VISCHERDIRECTOR

RT RYBAKDIRECTOR

SAHIL SANGHVIDIRECTOR

TIMOTHY A WELSHDIRECTOR

TONYA ALLENDIRECTOR

DAN JOHNSONDIRECTOR (UNTIL 12/31/2024)

CHRISTINE SOVEREIGNDIRECTOR

CHRISTOPHE BECKCHAIRMAN

COMMISSIONER DAVE BEERDIRECTOR

COMMISSIONER IRENE FERNANDODIRECTOR

COMMISSIONER MATT UDERMANNDIRECTOR

COMMISSIONER MIKE GAMACHEDIRECTOR

COMMISSIONER MIKE SLAVIKDIRECTOR (UNTIL 12/31/2024)

COMMISSIONER RAFAEL ORTEGADIRECTOR

COMMISSIONER SCOTT SCHULTEDIRECTOR (UNTIL 1/16/2024)

COMMISSIONER STAN KARWOSKIDIRECTOR

JOHN STERNDIRECTOR

DANA ERICKSONDIRECTOR

DARREL GERMANDIRECTOR (UNTIL 5/23/2024)

DENNIS DAHLENTREASURER

DOMINIC IANNAZZODIRECTOR

DOUG CARNIVALOF COUNSEL

DR ERIC JOLLYDIRECTOR

JEFFREY ETTINGERDIRECTOR (UNTIL 2/29/2024)

CHAIRMAN COLE MILLERDIRECTOR

CHRIS GALVINDIRECTOR

About this charity

Recognized since: January 2011
Location: 400 ROBERT ST N STE 1600, SAINT PAUL, MN 55101-2027
County: Ramsey
In care of: % BELINDA MASSEY
Primary officer: PETER FROSCH, PRESIDENT AND CEO

How to reach them

WebsiteVisit the charity’s website Emailinfo@greatermsp.org Phone(651) 287-1365

Filing and classification

Latest tax year: 2024
Tax period began: January 1, 2024
Return type: 990
Tax preparer: RSM US LLP
NTEE classification: Economic Development (S30)
IRS tax category: Economic Development
Grant-giving organization: Yes