Visit Sheboygan Inc
- Assets
- $1.9m
- Revenue
- $1.9m
- Investments
- $0.0
- Employees
- 9
- Location
- Sheboygan, WI
- Founding
- 06/2017
- Data as of
- 12/2023
- EIN
- 81-4995896
Organization Overview
Visit Sheboygan Inc is located in Sheboygan, WI. The organization was established in 2017. According to its NTEE Classification (S40) the organization is classified as: Business & Industry, under the broad grouping of Community Improvement & Capacity Building and related organizations. As of 12/2023, Visit Sheboygan Inc employed 9 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Visit Sheboygan 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 12/2023, Visit Sheboygan Inc generated $1.9m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 15.6% each year . All expenses for the organization totaled $1.6m during the year ending 12/2023. While expenses have increased by 18.7% per year over the past 7 years. They've been increasing with an increasing level of total revenue. 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
TO STRATEGICALLY LEAD AND DIRECT THE AREA'S TOURISM PROMOTION AND TOURISM DEVELOPMENT INITIATIVES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROMOTE SHEBOYGAN TOURISM
FREEDOM FEST
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Michael Froh Chairman Of The Board | OfficerTrustee | 1 | $0 |
Bailey Kupfer Vice Chairperson | OfficerTrustee | 1 | $0 |
Lori Helke Secretary/treasurer | OfficerTrustee | 1 | $0 |
Lisa Adams Board Member | Trustee | 1 | $0 |
Jami Schultz Board Member | Trustee | 1 | $0 |
Matt Fore Board Member | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $1,779,592 |
| All other contributions, gifts, grants, and similar amounts not included above | $65,232 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,844,824 |
| Total Program Service Revenue | $0 |
| Investment income | $19,193 |
| 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 | $20,866 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,884,883 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $210,480 |
| 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. | $160,431 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $479,656 |
| Pension plan accruals and contributions | $29,572 |
| Other employee benefits | $36,111 |
| Payroll taxes | $46,478 |
| Fees for services: Management | $89 |
| Fees for services: Legal | $46,454 |
| Fees for services: Accounting | $1,832 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $230,214 |
| Office expenses | $9,388 |
| Information technology | $82,778 |
| Royalties | $0 |
| Occupancy | $92,110 |
| Travel | $1,540 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $12,135 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $1,986 |
| Insurance | $5,984 |
| All other expenses | $30,277 |
| Total functional expenses | $1,595,253 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $67,672 |
| Savings and temporary cash investments | $1,819,917 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $8,090 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $22,369 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $24,826 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $1,942,874 |
| Accounts payable and accrued expenses | $8,529 |
| 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 | $8,529 |
| Net assets without donor restrictions | $1,934,345 |
| 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 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $1,942,874 |
Grants Awarded
Over the last fiscal year, Visit Sheboygan Inc has awarded $210,000 in support to 4 organizations.
| Grant Recipient | Amount |
|---|---|
SHEBOYGAN COUNTY CYCLING PURPOSE: ENHANCE TOURISM THROUGH A BIKE PARK ASSESSMENT AND DEVELOP A COMPREHENSIVE PLAN FOR EVERGREEN PARK. | $20,000 |
BOOKWORM GARDENS PURPOSE: ENHANCE TOURISM THROUGH THE RIVER SITE EXPANSION IN DEVELOPING A MASTER PLAN. | $60,000 |
JOHN MICHAEL KOHLER ARTS CENTER PURPOSE: ENHANCE TOURISM THROUGH AN ART PARK FEASIBILITY STUDY. | $30,000 |
WEILL CENTER FOUNDATION PURPOSE: ENHANCE TOURISM THROUGH THE WEILL CENTER EXPANSION PHASE ONE - ARCHITECTURAL SERVICES. | $100,000 |