Greater Grand Forks Convention & Visitors Bureau
- Assets
- $925.3k
- Revenue
- $1.0m
- Investments
- $0.0
- Employees
- 5
- Location
- Grand Forks, ND
- Founding
- 02/1983
- Data as of
- 12/2021
- EIN
- 45-0368186
Organization Overview
Greater Grand Forks Convention & Visitors Bureau is located in Grand Forks, ND. The organization was established in 1983. 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 12/2021, Greater Grand Forks Convention & Visitors Bureau employed 5 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Greater Grand Forks 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 12/2021, Greater Grand Forks Convention & Visitors Bureau generated $1.0m in total revenue. The organization has seen a slow decline revenue. Over the past 7 years, revenues have fallen by an average of (2.2%) each year. All expenses for the organization totaled $905.9k during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (3.2%) per year over the past 7 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Greater Grand Forks Convention & Visitors Bureau has awarded 71 individual grants totaling $708,689. 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.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO PROMOTE TOURISM AND SOLICIT CONVENTIONS, TOURNAMENTS AND TRADE SHOWS TO THE GREATER GRAND FORKS AREA.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROMOTION OF THE CITIES OF GRAND FORKS AND EAST GRAND FORKS THROUGH NEWSPAPER, TELEVISION, RADIO, BILLBOARD ADVERTISING, THE INTERNET, AND BIDDING ON CONVENTIONS.
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) | Role | Hours | Compensation |
|---|---|---|---|
Julie Rygg Exec. Director/secretary | Officer | 40 | $92,300 |
Mike Orr Treasurer | OfficerTrustee | 1 | $0 |
Shawn Clapp Second Vice President | OfficerTrustee | 1 | $0 |
Fred Wittmann President | OfficerTrustee | 1 | $0 |
Monica Evavold First Vice President | OfficerTrustee | 1 | $0 |
Michael Smith Board Member | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $1,016,682 |
| 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 | $1,016,682 |
| Total Program Service Revenue | $0 |
| Investment income | $468 |
| 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 | $1,017,150 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $165,650 |
| 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. | $119,653 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $184,828 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $34,215 |
| Payroll taxes | $21,829 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $8,675 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $11,330 |
| Advertising and promotion | $174,035 |
| Office expenses | $50,127 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $15,572 |
| Travel | $2,567 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $1,667 |
| Interest | $7,466 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $16,820 |
| Insurance | $6,284 |
| All other expenses | $5,000 |
| Total functional expenses | $905,940 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $232,042 |
| Savings and temporary cash investments | $47,535 |
| Pledges and grants receivable | $515,184 |
| Accounts receivable, net | $0 |
| 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 | $12,089 |
| Net Land, buildings, and equipment | $118,481 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $925,331 |
| Accounts payable and accrued expenses | $42,740 |
| 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 | $219,008 |
| Other liabilities | $3,404 |
| Total liabilities | $265,152 |
| Net assets without donor restrictions | $296,087 |
| Net assets with donor restrictions | $364,092 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $925,331 |
Grants Awarded
Over the last fiscal year, Greater Grand Forks Convention & Visitors Bureau has awarded $95,000 in support to 7 organizations.
| Grant Recipient | Amount |
|---|---|
Grand Forks, ND PURPOSE: EVENT FUNDING | $25,000 |
HB PRESENTS LLC PURPOSE: EVENT FUNDING | $22,000 |
Grand Forks, ND PURPOSE: EVENT FUNDING | $12,500 |
GREATER GRAND FORKS SERTOMA CLUB PURPOSE: EVENT FUNDING | $12,000 |
Grand Forks, ND PURPOSE: EVENT FUNDING | $10,000 |
Grand Forks, ND PURPOSE: EVENT FUNDING | $7,500 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Greater Grand Forks Convention & Visitors Bureau has recieved totaling $10,000.
| Awarding Organization | Amount |
|---|---|
Community Foundation Of Grand Forks East Grand Forks And Region Grand Forks, ND PURPOSE: TO PROVIDE ASSISTANCE IN PROGRAM'S MISSION. | $10,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Southern Minnesota Initiative Foundation Owatonna, MN | $74,043,196 | $20,001,758 |
Metropolitan Economic Development Association Minneapolis, MN | $45,113,584 | $12,064,856 |
Great Plains Institute For Sustainable Development Minneapolis, MN | $9,896,004 | $8,891,636 |
Minneapolis - St Paul Regional Economic Development Partnership Saint Paul, MN | $5,371,081 | $6,502,146 |
Center For Economic Inclusion Saint Paul, MN | $9,315,769 | $9,776,985 |
Nextstage Bloomington, MN | $2,654,997 | $4,431,008 |
Grow South Dakota Sisseton, SD | $70,205,734 | $6,159,440 |
Wolf Run Village Inc Watford City, ND | $13,751,715 | $5,775,669 |
Minnesota Business Finance Corporation St Cloud, MN | $6,710,385 | $3,673,437 |
Glacier Country Regional Tourism Commission Inc Missoula, MT | $1,843,193 | $3,815,172 |
South Segment Community Development Corporation Halliday, ND | $18,333,660 | $2,595,332 |
Fargo Moorhead Convention & Visitors Bureau Inc Fargo, ND | $3,704,311 | $2,547,498 |