Fargo Moorhead Convention & Visitors Bureau Inc

Organization Overview

Fargo Moorhead Convention & Visitors Bureau Inc is located in Fargo, ND. The organization was established in 1981. According to its NTEE Classification (S30) the organization is classified as: Economic Development, under the broad grouping of Community Improvement & Capacity Building and related organizations. As of 08/2021, Fargo Moorhead Convention & Visitors Bureau Inc employed 26 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Fargo Moorhead Convention & Visitors Bureau Inc 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 08/2021, Fargo Moorhead Convention & Visitors Bureau Inc generated $2.5m in total revenue. The organization has seen a slow decline revenue. Over the past 6 years, revenues have fallen by an average of (2.6%) each year. All expenses for the organization totaled $2.4m during the year ending 08/2021. As we would expect to see with falling revenues, expenses have declined by (4.3%) per year over the past 6 years. You can explore the organizations financials more deeply in the financial statements section below.

Since 2015, Fargo Moorhead Convention & Visitors Bureau Inc has awarded 223 individual grants totaling $4,940,522. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2021

Describe the Organization's Mission:

Part 3 - Line 1

THE FARGO-MOORHEAD CONVENTION & VISITORS BUREAU FUNCTIONS IN A METROPOLITAN COMMUNITY MADE UP OF TWO INDIVIDUAL COMMUNITIES IN TWO STATES. WE EXIST TO PROMOTE THE FARGO-MOORHEAD AREA AS A DESTINATION FOR GROUPS OF VISITORS INVOLVED WITH CONVENTIONS, TRADE SHOWS, AND OTHER BUSINESS TRAVEL, AS WELL AS INDIVIDUAL VISITORS AND TOUR GROUPS, SO THAT OUR MEMBERS AND THE COMMUNITY MAY SERVE THEM WHILE THEY ARE HERE. WE DO THIS TO STRENGTHEN THE COMMUNITIES' ECONOMY, CREATE EMPLOYMENT, AND GENERATE TAX REVENUE FOR THE METROPOLITAN COMMUNITY.WE INTEND TO PROVIDE MARKETING OPPORTUNITIES FOR THE PRIVATE HOSPITALITY SECTOR SO THAT OUR MEMBERS MIGHT HAVE ACCESS TO POTENTIAL CLIENTS. WE WILL PROVIDE ASSISTANCE TO ORGANIZATIONS AND INDIVIDUALS IN THE COMMUNITY IN SOLICITING AND IMPLEMENTING MEETINGS OF THEIR AFFILIATIONS. WE WILL ALSO HELP TO CREATE EXTERNALLY-DIRECTED COMMUNITY MARKETING EFFORTS.

Describe the Organization's Program Activity:

Part 3 - Line 4a

FISCAL YEAR 2021 WAS A REBOUND YEAR FOR THE FMWF CVB, AS IT WAS FOR MANY ORGANIZATIONS. AS THE PANDEMIC WOUND DOWN (IN FITS AND STARTS) WE WERE ABLE TO ASSIST WITH THE RAPID RETURN OF YOUTH AND ADULT SPORTS ACTIVITIES IN THE COMMUNITY, EVEN AS WE SAW THE VERY SLOW RETURN OF MEETINGS AND CONFERENCES. DUE TO OUR HEALTHY FINANCIAL POSITION, OUR BOARD WAS ABLE TO CONTINUE TO PROVIDE CAPITAL GRANTS FOR COMMUNITY PROJECTS THAT PROMOTE IN-BOUND TOURISM. WE ALSO ENGAGED WITH THE ND LEGISLATURE (VIA WRITTEN AND ORAL COMMUNICATION, INCLUDING TESTIMONY) IN SUPPORT OF INCREASED FUNDING FOR STATE LEVEL TOURISM PROGRAMS. TRAFFIC THROUGH THE VISITOR INFORMATION CENTER WE OPERATE IN OUR BUILDING REBOUNDED FROM THE PANDEMIC, AS WE SAW THE NUMBER OF SUMMER TRAVELERS BOUNCE BACK UP TO WHAT WE CONSIDER NORMAL LEVELS.


Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.

Board, Officers & Key Employees

Name (title)Compensation
Charles Johnson
President/ceo
$118,709
Doug Peters
Vice Chair
$0
Tom Kasper
Chair
$0
Kember Anderson
Secretary/treasurer
$0
Mike Prekel
Past Chair
$0
Konrad Olson
Director
$0

Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$0
Fundraising events$0
Related organizations$0
Government grants $2,250
All other contributions, gifts, grants, and similar amounts not included above$0
Noncash contributions included in lines 1a–1f $0
Total Revenue from Contributions, Gifts, Grants & Similar$2,250
Total Program Service Revenue$2,485,515
Investment income $42,484
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 $13,777
Miscellaneous Revenue$0
Total Revenue $2,547,498

Grants Awarded

Over the last fiscal year, Fargo Moorhead Convention & Visitors Bureau Inc has awarded $388,534 in support to 8 organizations.

Grant RecipientAmount

MOORHEAD YOUTH HOCKEY ASSOCIATION

Org PageRecipient Profile

Moorhead, MN

PURPOSE: 3RD SHEET OF ICE AT CULLEN HOCKEY CENTER

$100,000

CITY OF WEST FARGO

PURPOSE: EQUIPMENT FOR ICE SHEET AT THE LIGHTS

$85,375

Fargo, ND

PURPOSE: PRIDE OF THE PRAIRIE BISON EXHIBIT

$62,500

FARGO YOUTH BASEBALL

Org PageRecipient Profile

Fargo, ND

PURPOSE: GRANDSTAND PROJECT

$54,000

NORTHERN PRAIRIE PERFORMING ARTS

Org PageRecipient Profile

Fargo, ND

PURPOSE: FIT-UP OF THEATER SPACE AT THE HJEMKOMST CENTER

$50,000

HISTORICAL & CULTURAL SOCIETY OF CLAY COUNTY

Org PageRecipient Profile

Moorhead, MN

PURPOSE: REFRESH OF HJEMKOMST SHIP AND HOPPERSTAD CHURCH

$25,000
View Grant Profile

Create an account to unlock the data you need.

or