International Falls & Rainy Lake Convention & Visitors Bureau
- Assets
- $159.6k
- Revenue
- $200.2k
- Investments
- $0.0
- Employees
- 1
- Location
- International Falls, MN
- Founding
- 07/2000
- Data as of
- 04/2022
- EIN
- 41-1975766
Organization Overview
International Falls & Rainy Lake Convention & Visitors Bureau is located in International Falls, MN. The organization was established in 2000. According to its NTEE Classification (S41) the organization is classified as: Chambers of Commerce & Business Leagues, 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. International Falls & Rainy Lake Convention & Visitors Bureau 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 04/2022, International Falls & Rainy Lake Convention & Visitors Bureau generated $200.2k in total revenue. The organization has seen a slow decline revenue. Over the past 3 years, revenues have fallen by an average of (0.5%) each year. All expenses for the organization totaled $122.6k during the year ending 04/2022. As we would expect to see with falling revenues, expenses have declined by (4.3%) per year over the past 3 years. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
PROMOTION OF RAINY LAKE AND INTL FALLS AREA.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROMOTION OF TOURISM IN AND AROUND THE INTL FALLS AND RAINY LAKE AREAS OF MINNESOTA THROUGHT PRODUCTION OF TRAVEL GUIDES, WEBSITE MARKETING AND ADVERTISING IN ALL AVAILABLE MEDIA.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Ashley Lavigne Director | Trustee | 1 | $0 |
Bob Degross Director | Trustee | 1 | $0 |
Joann Kellner Director | Trustee | 1 | $0 |
Ryan Schmidt Director | Trustee | 1 | $0 |
Kyra Hasbargen Director | Trustee | 1 | $0 |
Jason Sjoblom Dirrector | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,299 |
| Investment income | $10 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $200,246 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $30,932 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $11,631 |
| Payroll taxes | $1,478 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $1,676 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $60,123 |
| Office expenses | $1,768 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $12,142 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $2,158 |
| All other expenses | $0 |
| Total functional expenses | $122,626 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $118,655 |
| Savings and temporary cash investments | $38,017 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $1,736 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $159,607 |
| Accounts payable and accrued expenses | $857 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $857 |
| Net assets without donor restrictions | $158,750 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Total liabilities and net assets/fund balances | $158,750 |