Minnesota Chapter of the National Association of Corporate Directors
Nonprofit profile at a glance
- EIN
- 043741178
- IRS 990 coverage
- 2023–2025
- Forms available
- Form 990 2025, Form 990-EZ 2022, Form 990-N 2012
- Location
- Minneapolis, MN, USA
- Phone
- 6512591580
- Rating
- 63
- Verdict
- SUPPORTED
- Rating confidence
- Moderate
- Sector
- Professional Societies, Associations
Reported finances
- Revenue
- $263,890
- Expenses
- $297,737
- Assets
- $164,587
- Liabilities
- $0
Source: IRS Form 990. Selected filing: tax year 2025. Amounts in USD.
Leadership & pay
15 people listed
Executive titles in this filing
- CHANNON LEMON (EXECUTIVE DIRECTOR)
People named in this filing
- CHANNON LEMON (EXECUTIVE DIRECTOR)
- MELODIE ROSE (CHAIR)
- BETH SIMERMEYER (SECRETARY)
Selected names, not a complete roster or a statement of current roles. Open leadership details for the complete filed list.
Source: IRS Form 990. Selected filing: tax year 2025. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
Nacd inspires to a world where businesses are sustainable, profitable and trusted. It provides tools, resources and voice to advance this vision.
What it reported doing in 2025
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 2025, nacd-mn offered 14 programs - six virtual, one hybrid, and the rest in person - with over 500 attendees. Virtual pricing was complimentary for members and $45 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 providing pathways for those seeking to build their board governance careers. Content was designed to strengthen board governance and equip directors to be ready to navigate the realities of business today.
Operating model
- Revenue model
- Donor-supported. 93% of the money available for current operations came from contributions and gifts.
- Distribution model
- Direct operator. The filing allocates 100% of reported program-service expenses outside its grant, affiliate-payment, and member-benefit lines. This expense classification does not rule out separately announced grant awards.
The verdict
SUPPORTED - The filed numbers largely add up and most voting board members are independent. A relatively small share of available resources goes toward mission work and a relatively small share of total spending goes to programs.
Rating breakdown
- Financial Efficiency: 37
- Transparency & Controls: 92
- Accountability: 70
- Sustainability: 32
- Growth: 100
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 43.1%; rating input score 43
- Program expense ratio: 37.7%; rating input score 38
- Fundraising efficiency: Limited
Transparency & Controls
- Consistency checks: 100%; rating input score 100; 64th percentile among comparable filings
- Pay-setting controls: Limited
- Foreign activity oversight: Limited
- Grant itemization coverage: Limited
- Major donor itemization: Yes; rating input score 100
- Related-party transparency: Limited
Accountability
- Independent voting board: 100%; rating input score 100; 64th percentile among comparable filings
- Governance controls: 2 of 7 controls in place; rating input score 29
- Conflict-of-interest policy: Fail
- Whistleblower policy: Fail
- Document-retention policy: Fail
- CEO compensation review process: NotApplicable
- Other executive compensation review process: NotApplicable
- Form 990 shared with the board: Pass
- Board meeting minutes documented: Pass
- Audit committee oversight: Missing
- Independent financial-statement audit: Fail
Sustainability
- Operating margin: -12.8%; rating input score 16; 16th percentile among comparable filings
- Total-asset coverage ratio: 0.55; rating input score 27; 27th percentile among comparable filings
- Liabilities to assets ratio: 0; rating input score 77; 77th percentile among comparable filings
- Officer compensation ratio: 0%; rating input score 67; 67th percentile among comparable filings
Growth
- Program expense growth: 26.9% per year; rating input score 100; 88th percentile among comparable filings
- Revenue growth: 12% per year; rating input score 100; 74th percentile among comparable filings
- Asset growth: 12.4% per year; rating input score 100; 69th percentile among comparable filings
Details
- Where the money goes: 43.1% of revenue deployed · 37.7% of spending went to programs
- Governance: 12 of 12 board members independent · 2 of 7 filing controls reported
- Programs: 1 filed program accomplishment · $112K in reported program spending
- Leadership: top reported pay $0 · 15 people listed
- Consistency: 16 of 16 current checks pass
- Schedules: 3 filed schedules · includes major donors
- Filing history: 3 filing years from 2023 to 2025
- Contacts: How to reach this organization
- Money network: 2 filed money-flow records
- Related organizations: Filed and resolved organization relationships.
- Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
- People: Everyone the filings name, and which of them the filings identify by more than a name.
Key Signals
Signals prioritize questions for review. They are not findings of misconduct.
- Moderate — Financial Efficiency: Mission deployment rate scored 43/100.
- Moderate — Financial Efficiency: Program expense ratio scored 38/100.
- High — Accountability: Governance controls: 4 of 6 not reported.
- High — Sustainability: Operating margin scored 16/100.
- High — Sustainability: Total-asset coverage ratio scored 27/100.