Thief River Falls Convention & Visitors Bureau Inc
- Assets
- $54.0k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Thief River Falls, MN
- Founding
- 12/2006
- Data as of
- 12/2022
- EIN
- 01-0872302
Organization Overview
Thief River Falls Convention & Visitors Bureau Inc is located in Thief River Falls, MN. The organization was established in 2006. 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. Thief River Falls 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 12/2022, Thief River Falls Convention & Visitors Bureau Inc generated $148.5k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 3.1% each year. All expenses for the organization totaled $171.4k during the year ending 12/2022. While expenses have increased by 2.6% 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
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2022
Describe the Organization's Program Activity:
Part 3
CONVENTION & VISITORS BUREAU (CVB) RECEIVES LODGING TAX (COLLECTED BY LOCAL MOTELS) FROM CITY OF THIEF RIVER FALLS FOR MARKETING THE COMMUNITY AS A TOURISM DESTINATION, VENUE FOR EVENTS, ETC
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Laura Stengrim Former Executive Director | 40 | $11,260 | |
David Carlson President | 2 | $0 | |
Barbi Larson Vice President | 2 | $0 | |
Hamilton Keefe Treasurer | 4 | $0 | |
Larry Rohlf Past President | 1 | $0 | |
Megan Rheault Director | 0.5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $148,389 |
| Membership dues | $0 |
| Investment income | $131 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $148,520 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $35,768 |
| Professional fees and other payments to independent contractors | $0 |
| Occupancy, rent, utilities, and maintenance | $9,784 |
| Printing, publications, postage, and shipping | $0 |
| Other expenses | $125,895 |
| Total expenses | $171,447 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $53,172 |
| Other assets | $0 |
| Total assets | $54,028 |
| Total liabilities | $0 |
| Net assets or fund balances | $54,028 |