MINNESOTA CHAPTER OF THE NATIONAL ASSOCIATION OF CORPORATE DIRECTORS

EIN: 043741178 501(c)(3) Education

MINNEAPOLIS, MN

Total Revenue
$342,911
Total Expenses
$180,095
Total Assets
$191,246
Net Assets
$191,246
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2002
Legal Domicile
MN
Principal Officer
MIRON MARCOTTE
Phone
6512951580
Tax Period
2023-01-01 to 2023-12-31

MINNESOTA CHAPTER OF THE NATIONAL ASSOCIATION OF CORPORATE DIRECTORS, founded in 2002, is a small nonprofit in the Education sector that reported $343K in total revenue in fiscal year 2023. Revenue surged 531% from the prior year, signaling strong growth momentum. The organization ran a surplus of $163K, a strong 47% operating margin.

Mission

NACD INSPIRES TO A WORLD WHERE BUSINESSES ARE SUSTAINABLE, PROFITABLE AND TRUSTED. IT PROVIDES TOOLS, RESOURCES AND VOICE TO ADVANCE THIS VISION.

Program Service Accomplishments

Program 1
Expenses: $66,027 Revenue: $13,675

THE NACD MINNESOTA CHAPTER FOLLOWS THE MISSION OF NACD IN ADVANCING EXEMPLARY BOARD LEADERSHIP. IT IS A REQUIREMENT FOR EACH PROGRAM THAT THE TOPIC RELATE TO "GOVERNANCE AND WE REQUIRE A MINIMUM OF...

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THE NACD MINNESOTA CHAPTER FOLLOWS THE MISSION OF NACD IN ADVANCING EXEMPLARY BOARD LEADERSHIP. IT IS A REQUIREMENT FOR EACH PROGRAM THAT THE TOPIC RELATE TO "GOVERNANCE AND WE REQUIRE A MINIMUM OF ONE DIRECTOR, PREFERABLY AN NACD MEMBER, AS A SPEAKER OR PRESENTER ON A PANEL. IN THIS WAY, WE OFFER THE LOCAL DIRECTOR COMMUNITY OPPORTUNITIES TO BECOME INFORMED AND EDUCATED, AS WELL AS PROVIDING A FORUM FOR DISCUSSION OF TOPICS RELATING TO THE BOARDROOM AND DIRECTOR PERFORMANCE.(CONTINUED IN SCHEDULE O)IN 2023, NACD-MN OFFERED 8 PROGRAMS - ONE VIRTUAL AND THE REST IN PERSON - WITH NEARLY 400 ATTENDEES. VIRTUAL PRICING WAS COMPLEMENTARY FOR MEMBERS AND $25 FOR NONMEMBERS. IN-PERSON PRICING WAS $50 FOR MEMBERS AND $65 FOR NONMEMBERS. NACD-MN PROGRAMMING FOCUSED ON THOSE WHO SERVE ON PUBLIC, PRIVATE AND NONPROFIT ORGANIZATION BOARDS, WITH AN EMPHASIS ON REPRESENTATION OF PEOPLE OF COLOR AND WOMEN PARTICIPANTS. CONTENT WAS DESIGNED TO STRENGTHEN BOARD GOVERNANCE AND EQUIP DIRECTORS TO BE READY TO NAVIGATE THE REALITIES OF BUSINESS TODAY.

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $329,150
Program Service Revenue $13,675
Investment Income $86
Other Revenue $0
TOTAL REVENUE $342,911

Expense Breakdown

Grants Paid $0
Salaries & Benefits $55,000
Fundraising Expenses $0
Program Expenses $66,027
Other Expenses $125,095
TOTAL EXPENSES $180,095

Year-over-Year Comparison

2023 2022 Change
Revenue $342,911 $54,343 +5.3%
Expenses $180,095 $104,411 +0.7%
Net Income $162,816 $-50,068 -4.3%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Liquidity & Cash Position

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Governance

Voting Members
8
Independent Members
8
Employees
N/A
Volunteers
12

Governance Policies

Conflict of Interest Policy
Whistleblower Policy
Document Retention Policy

Special Practices & Reported Activities

Operated a School
Operated a Hospital
Provided First Class Travel
Reported Conflict of Interest
Reported Asset Diversion
Excess Benefit Transaction
Made Political Expenditures
Engaged in Lobbying
Operated Donor Advised Fund
Maintained Art Collections
Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers
5
$55,000
Total Directors
8
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
CHANNON LEMON EXECUTIVE DIRECTOR 10.00
Officer
$55,000 $0 $55,000
MIRON MARCOTTE CHAIR 1.00
Officer Director
$0 $0 $0
MELODIE ROSE VICE CHAIR & PROGRAM CHAIR 1.00
Officer Director
$0 $0 $0
JAMES POWELL TREASURER 1.00
Officer Director
$0 $0 $0
SARAH LYNN OQUIST SECRETARY 1.00
Officer Director
$0 $0 $0
BARBARA BUTTS WILLIAMS DIRECTOR 1.00
Director
$0 $0 $0
CHRISTY MORSE DIRECTOR 1.00
Director
$0 $0 $0
DARA RUDICK DIRECTOR 1.00
Director
$0 $0 $0
CHANDA SMITH BAKER DIRECTOR 1.00
Director
$0 $0 $0
Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year Revenue Expenses Assets Net Income
2025 No data No data No data No data
2024 No data No data No data No data
2023 $342,911 $180,095 $191,246 $162,816
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