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Economic Club Of Minnesota

Organization summary

Type of Nonprofit

Designated as a Organizations for any of the following purposes: religious, educational, charitable, scientific, literary, testing for public safety, fostering national or international amateur sports competition (as long as it doesn't provide athletic facilities or equipment), or the prevention of cruelty to children or animals.

Category: Social Science Research Institutes, Services / Economics (as a social science) (NTEE)

Donations to this organization are tax deductible.

Summary charts: organization finances over time

Revenue
$346k (2024)

Expenses
$406k (2024)

Total Assets
$692k (2024)

Total Liabilities
$4.69k (2024)

Source: Form 990 tax filings from 2011 to 2024

Tax Filings by Year

Form 990 is an information return that most organizations claiming federal tax-exempt status must file yearly with the IRS. Nonprofit Explorer has IRS digitized Form 990 data for filings processed in 2012 and later. If this organization filed an amended return, it may not be reflected below. Duplicate download links may indicate a resubmission or amendment to this organization's original return. Form 990 data is from the IRS.

Fiscal Year Ending June
2024

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$345,658
Expenses
$406,466
Net Income
-$60,808
Net Assets
$687,334
Notable Sources of Revenue Percent of Total Revenue
Contributions $213,591
61.8%
Program Services $126,320
36.5%
Investment Income $5,747
1.7%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $140,935
34.7%
Professional Fundraising Fees $0
Other Salaries and Wages $67,375
16.6%
Assets/Debt
Total Assets $692,021
Total Liabilities $4,687
Net Assets $687,334
Compensation
Key Employees and Officers Compensation Related Other
Kate Reschenberg (Executive Director) $132,775 $0 $17,737
Neel Kashkari (Chairman) $0 $0 $0
Timothy Penny (Vice Chair) $0 $0 $0
Elliot Jaffee (Treasurer) $0 $0 $0
Jeannine Rivet (Secretary) $0 $0 $0
Dr Christine Cumming (Director) $0 $0 $0
Steve Sanger (Director) $0 $0 $0
Martha Macmillan (Director) $0 $0 $0
Erik Paulsen (Director) $0 $0 $0
Kate Kelly (Director) $0 $0 $0
Ben Omorogbe (Director) $0 $0 $0
Sri Zaheer (Director) $0 $0 $0
Ronald Schutz (Director) $0 $0 $0

Document Links

Fiscal Year Ending June
2023

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$409,521
Expenses
$425,205
Net Income
-$15,684
Net Assets
$748,142
Notable Sources of Revenue Percent of Total Revenue
Contributions $252,751
61.7%
Program Services $156,640
38.2%
Investment Income $130
0.0%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $150,204
35.3%
Professional Fundraising Fees $0
Other Salaries and Wages $66,525
15.6%
Assets/Debt
Total Assets $754,732
Total Liabilities $6,590
Net Assets $748,142
Compensation
Key Employees and Officers Compensation Related Other
Kate Reschenberg (Executive Director) $124,171 $0 $19,686
Neel Kashkari (Chairman) $0 $0 $0
Timothy Penny (Vice Chair) $0 $0 $0
David Frauenshuh (Treasurer) $0 $0 $0
Jeannine Rivet (Secretary) $0 $0 $0
Dr Christine Cumming (Director) $0 $0 $0
Elliot Jaffee (Director) $0 $0 $0
Steve Sanger (Director) $0 $0 $0
Martha Macmillan (Director) $0 $0 $0
Erik Paulsen (Director) $0 $0 $0
Kate Kelly (Director) $0 $0 $0
Ben Omorogbe (Director) $0 $0 $0

Document Links

Fiscal Year Ending June
2022

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$398,210
Expenses
$347,851
Net Income
$50,359
Net Assets
$763,826
Notable Sources of Revenue Percent of Total Revenue
Contributions $248,110
62.3%
Program Services $150,073
37.7%
Investment Income $27
0.0%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $139,180
40.0%
Professional Fundraising Fees $0
Other Salaries and Wages $60,168
17.3%
Assets/Debt
Total Assets $771,002
Total Liabilities $7,176
Net Assets $763,826
Compensation
Key Employees and Officers Compensation Related Other
Kate Reschenberg (Executive Director) $115,000 $0 $17,872
Steve Sanger (Chairman) $0 $0 $0
Timothy Penny (Vice Chair) $0 $0 $0
David Frauenshuh (Treasurer) $0 $0 $0
Jeannine Rivet (Secretary) $0 $0 $0
Dr Christine Cumming (Director) $0 $0 $0
Elliot Jaffee (Director) $0 $0 $0
Neel Kashkari (Director) $0 $0 $0
Martha Macmillan (Director) $0 $0 $0
Erik Paulsen (Director) $0 $0 $0
Kate Kelly (Director) $0 $0 $0
Ben Omorogbe (Director) $0 $0 $0

Document Links

Fiscal Year Ending June
2021

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$434,751
Expenses
$351,652
Net Income
$83,099
Net Assets
$713,467
Notable Sources of Revenue Percent of Total Revenue
Contributions $273,145
62.8%
Program Services $161,565
37.2%
Investment Income $41
0.0%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $126,016
35.8%
Professional Fundraising Fees $0
Other Salaries and Wages $57,500
16.4%
Assets/Debt
Total Assets $730,952
Total Liabilities $17,485
Net Assets $713,467
Compensation
Key Employees and Officers Compensation Related Other
Kate Reschenberg (Executive Di) $107,500 $0 $12,623
Steve Sanger (Chairman) $0 $0 $0
Timothy Penny (Vice Chair) $0 $0 $0
David Frauenshuh (Treasurer) $0 $0 $0
Jeannine Rivet (Secretary) $0 $0 $0
Dr Christine Cumming (Director) $0 $0 $0
Elliot Jaffee (Director) $0 $0 $0
Neel Kashkari (Director) $0 $0 $0
Martha Macmillan (Director) $0 $0 $0
Erik Paulsen (Director) $0 $0 $0
Kate Kelly (Director) $0 $0 $0
Ben Omorogbe (Director) $0 $0 $0

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Fiscal Year Ending June
2020

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$551,598
Expenses
$419,831
Net Income
$131,767
Net Assets
$630,368
Notable Sources of Revenue Percent of Total Revenue
Contributions $341,658
61.9%
Program Services $209,635
38.0%
Investment Income $28
0.0%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $277
0.1%
Notable Expenses Percent of Total Expenses
Executive Compensation $116,733
27.8%
Professional Fundraising Fees $0
Other Salaries and Wages $83,339
19.9%
Assets/Debt
Total Assets $642,859
Total Liabilities $12,491
Net Assets $630,368
Compensation
Key Employees and Officers Compensation Related Other
Kate Reschenberg (Executive Di) $95,128 $0 $0
Steve Sanger (Chairman) $0 $0 $0
Timothy Penny (Vice Chair) $0 $0 $0
David Frauenshuh (Treasurer) $0 $0 $0
Jeannine Rivet (Secretary) $0 $0 $0
Dr Christine Cumming (Director) $0 $0 $0
Elliot Jaffee (Director) $0 $0 $0
Neel Kashkari (Director) $0 $0 $0
Martha Macmillan (Director) $0 $0 $0
Erik Paulsen (Director) $0 $0 $0
Kate Kelly (Director) $0 $0 $0

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Fiscal Year Ending June
2019

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$546,849
Expenses
$452,120
Net Income
$94,729
Net Assets
$498,601
Notable Sources of Revenue Percent of Total Revenue
Contributions $309,654
56.6%
Program Services $234,315
42.8%
Investment Income $355
0.1%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $2,525
0.5%
Notable Expenses Percent of Total Expenses
Executive Compensation $86,048
19.0%
Professional Fundraising Fees $0
Other Salaries and Wages $80,000
17.7%
Assets/Debt
Total Assets $506,367
Total Liabilities $7,766
Net Assets $498,601
Compensation
Key Employees and Officers Compensation Related Other
Kristin Robbins Through 1218 (Executive Director) $82,500 $0 $2,475
Mark Kennedy (Chairman) $0 $0 $0
Timothy Penny (Director Co Founder) $0 $0 $0
David Frauenshuh (Treasurer) $0 $0 $0
Steve Sanger (President) $0 $0 $0
Elliot Jaffee (Director) $0 $0 $0
Martha Macmillan (Director) $0 $0 $0
Dr Christine Cumming (Director) $0 $0 $0
Mark Olson Through 122018 (Director) $0 $0 $0
Neel Kashkari (Director) $0 $0 $0
Jeannine Rivet (Director) $0 $0 $0
Erik Paulsen (Director) $0 $0 $0
Kate Reschenberg Started 119 (Executive Director) $0 $0 $0

Document Links

Fiscal Year Ending June
2018

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$573,816
Expenses
$500,526
Net Income
$73,290
Net Assets
$403,872
Notable Sources of Revenue Percent of Total Revenue
Contributions $296,723
51.7%
Program Services $271,896
47.4%
Investment Income $197
0.0%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $5,000
0.9%
Notable Expenses Percent of Total Expenses
Executive Compensation $91,155
18.2%
Professional Fundraising Fees $0
Other Salaries and Wages $67,500
13.5%
Assets/Debt
Total Assets $427,255
Total Liabilities $23,383
Net Assets $403,872
Compensation
Key Employees and Officers Compensation Related Other
Kristin Robbins (Executive Director) $80,000 $0 $2,400
Mark Kennedy (Chairman) $0 $0 $0
Tim Penny (Director Co Founder) $0 $0 $0
Dave Frauenshuh (Treasurer) $0 $0 $0
Steve Sanger (President) $0 $0 $0
Elliot Jaffee (Director) $0 $0 $0
Martha Macmillan (Director) $0 $0 $0
Dr Christine Cumming (Director) $0 $0 $0
Mark Olson (Director) $0 $0 $0
Neel Kashkari (Director) $0 $0 $0
Jeannine Rivet (Director) $0 $0 $0

Document Links

Fiscal Year Ending June
2017

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$438,770
Expenses
$401,745
Net Income
$37,025
Net Assets
$330,582
Notable Sources of Revenue Percent of Total Revenue
Contributions $221,350
50.4%
Program Services $217,225
49.5%
Investment Income $195
0.0%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $72,100
17.9%
Professional Fundraising Fees $0
Other Salaries and Wages $66,919
16.7%
Assets/Debt
Total Assets $351,059
Total Liabilities $20,477
Net Assets $330,582
Compensation
Key Employees and Officers Compensation Related Other
Kristin Robbins (Executive Director) $70,000 $0 $2,100
Mark Kennedy (Chairman) $0 $0 $0
Tim Penny (Director Co Founder) $0 $0 $0
Dave Frauenshuh (Treasurer) $0 $0 $0
Steve Sanger (President) $0 $0 $0
Elliot Jaffee (Director) $0 $0 $0
Martha Macmillan (Director) $0 $0 $0
Dr Christine Cumming (Director) $0 $0 $0
Mark Olson (Director) $0 $0 $0
Neel Kashkari (Director) $0 $0 $0

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Fiscal Year Ending June
2016

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$467,425
Expenses
$457,191
Net Income
$10,234
Net Assets
$293,557
Notable Sources of Revenue Percent of Total Revenue
Contributions $259,555
55.5%
Program Services $207,643
44.4%
Investment Income $227
0.0%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $67,980
14.9%
Professional Fundraising Fees $0
Other Salaries and Wages $66,720
14.6%
Assets/Debt
Total Assets $355,720
Total Liabilities $62,163
Net Assets $293,557
Compensation
Key Employees and Officers Compensation Related Other
Kristin Robbins (Executive Director) $65,000 $0 $3,900
Mark Kennedy (Chairman) $0 $0 $0
Tim Penny (Director Co Founder) $0 $0 $0
Dave Frauenshuh (Treasurer) $0 $0 $0
Steve Sanger (President) $0 $0 $0
Elliot Jaffee (Director) $0 $0 $0
Martha Macmillan (Director) $0 $0 $0
Dr Christine Cumming (Director) $0 $0 $0
Mark Olson (Director) $0 $0 $0
Neel Kashkari (Director) $0 $0 $0

Document Links

Fiscal Year Ending June
2015

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$416,727
Expenses
$374,300
Net Income
$42,427
Net Assets
$283,323
Notable Sources of Revenue Percent of Total Revenue
Contributions $207,349
49.8%
Program Services $209,107
50.2%
Investment Income $271
0.1%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $65,920
17.6%
Professional Fundraising Fees $0
Other Salaries and Wages $67,939
18.2%
Assets/Debt
Total Assets $350,953
Total Liabilities $67,630
Net Assets $283,323
Compensation
Key Employees and Officers Compensation Related Other
Kristin Robbins (Executive Director) $62,000 $0 $1,860
Mark Kennedy (Chairman) $0 $0 $0
Tim Penny (Director) $0 $0 $0
Dave Frauenshuh (Treasurer) $0 $0 $0
William Frenzel 714 1114 (Director) $0 $0 $0
Steve Sanger (President) $0 $0 $0
Elliot Jaffee (Director) $0 $0 $0
Sid Verdoorn 7114 115 (Director) $0 $0 $0
Martha Macmillan (Director) $0 $0 $0
Christine Cumming (Director) $0 $0 $0
Mark Olson (Director) $0 $0 $0
Narayana Kocherlakota (Director) $0 $0 $0

Document Links

Fiscal Year Ending June
2014

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$402,362
Expenses
$390,938
Net Income
$11,424
Net Assets
$240,896
Notable Sources of Revenue Percent of Total Revenue
Contributions $200,169
49.7%
Program Services $201,861
50.2%
Investment Income $332
0.1%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $61,800
15.8%
Professional Fundraising Fees $0
Other Salaries and Wages $63,453
16.2%
Assets/Debt
Total Assets $299,281
Total Liabilities $58,385
Net Assets $240,896
Compensation
Key Employees and Officers Compensation Related Other
Kristin Robbins (Executive Director) $58,463 $0 $1,754
Mark Kennedy (Chairman) $0 $0 $0
Tim Penny (Director) $0 $0 $0
Dave Frauenshuh (Treasurer) $0 $0 $0
William Frenzel (Director) $0 $0 $0
Steve Sanger (President) $0 $0 $0
Elliot Jaffee (Director) $0 $0 $0
Sid Verdoorn (Director) $0 $0 $0
Martha Macmillan (Director) $0 $0 $0
Christine Cumming (Director) $0 $0 $0
Mark Olson (Director) $0 $0 $0
Narayana Kocherlakota (Director) $0 $0 $0

Document Links

Fiscal Year Ending June
2013

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$370,218
Expenses
$377,499
Net Income
-$7,281
Net Assets
$229,472
Notable Sources of Revenue Percent of Total Revenue
Contributions $320,888
86.7%
Program Services $48,690
13.2%
Investment Income $640
0.2%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $58,633
15.5%
Professional Fundraising Fees $0
Other Salaries and Wages $52,675
14.0%
Assets/Debt
Total Assets $264,928
Total Liabilities $35,456
Net Assets $229,472

Document Links

Fiscal Year Ending June
2012

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$432,909
Expenses
$311,495
Net Income
$121,414
Net Assets
$236,753
Notable Sources of Revenue Percent of Total Revenue
Contributions $355,140
82.0%
Program Services $77,095
17.8%
Investment Income $674
0.2%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $85,417
27.4%
Assets/Debt
Total Assets $271,123
Total Liabilities $34,370
Net Assets $236,753

Document Links

Fiscal Year Ending June
2011

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$300,252
Expenses
$178,881
Net Income
$121,371
Net Assets
$115,339
Notable Sources of Revenue Percent of Total Revenue
Contributions $281,475
93.7%
Program Services $18,318
6.1%
Investment Income $459
0.2%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $72,250
40.4%
Assets/Debt
Total Assets $185,719
Total Liabilities $70,380
Net Assets $115,339

Document Links

Fiscal Year Ending June
2010

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

Fiscal Year Ending June
2009

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

About This Data

What Is This Data?

Nonprofit Explorer includes summary data for nonprofit tax returns and full Form 990 documents, in both PDF and digital formats.

The summary data contains information processed by the IRS during the 2012-2019 calendar years; this generally consists of filings for the 2011-2018 fiscal years, but may include older records. This data release includes only a subset of what can be found in the full Form 990s.

In addition to the raw summary data, we link to PDFs and digital copies of full Form 990 documents wherever possible. This consists of separate releases by the IRS of Form 990 documents processed by the agency, which we update regularly.

We also link to copies of audits nonprofit organizations that spent $750,000 or more in Federal grant money in a single fiscal year since 2016. These audits are copied from the Federal Audit Clearinghouse.

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Every organization that has been recognized as tax exempt by the IRS has to file Form 990 every year, unless they make less than $200,000 in revenue and have less than $500,000 in assets, in which case they have to file form 990-EZ. Organizations making less than $50,000 don’t have to file either form but do have to let the IRS they’re still in business via a Form 990N "e-Postcard."

Nonprofit Explorer has organizations claiming tax exemption in each of the 27 subsections of the 501(c) section of the tax code, and which have filed a Form 990, Form 990EZ or Form 990PF. Taxable trusts and private foundations that are required to file a form 990PF are also included. Small organizations filing a Form 990N "e-Postcard" are not included in this data.

Types of Nonprofits

There are 27 nonprofit designations based on the numbered subsections of section 501(c) of the tax code. See the list »

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  • Raw filing data. Includes EINs and summary financials as structured data.
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  • Audits. PDFs of single or program-specific audits for nonprofit organizations that spent $750,000 or more in Federal grant money in a single fiscal year. Available for fiscal year 2015 and later.

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