Stillwateroak Park Heights Convention And Visitors Bureau
- Assets
- $594.9k
- Revenue
- $618.3k
- Investments
- $0.0
- Employees
- 2
- Location
- Stillwater, MN
- Founding
- Data as of
- 12/2023
- EIN
- 26-2305245
Organization Overview
Stillwateroak Park Heights Convention And Visitors Bureau is located in Stillwater, MN. As of 12/2023, Stillwateroak Park Heights Convention And Visitors Bureau employed 2 individuals. Stillwateroak Park Heights Convention And 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 12/2023, Stillwateroak Park Heights Convention And Visitors Bureau generated $618.3k in total revenue. This organization has experienced exceptional growth, as over the past 3 years, it has increased revenue by an average of 13.5% each year . All expenses for the organization totaled $451.8k during the year ending 12/2023. While expenses have increased by 9.1% per year over the past 3 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.
Since 2021, Stillwateroak Park Heights Convention And Visitors Bureau has awarded 12 individual grants totaling $209,677. 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
THE MISSION OF THE STILLWATER AND OAK PARK HEIGHTS CVB IS TO INCREASE THE ECONOMIC BENEFIT OF TOURISM WITH AN EMPHASIS ON OVERNIGHT STAYS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
OUR MISSION IS TO PROMOTE THE CITIES OF STILLWATER AND OAK PARK HEIGHTS MINNESOTA AS A DESTINATION POINT FOR TOURISM AND BUSINESS GATHERINGS. WHY: STILLWATER IS CONSIDERED THE HISTORIC BIRTHPLACE OF MINNESOTA BECAUSE IN 1848 THE FIRST TERRITORIAL CONVENTION THAT BEGAN THE PROCESS OF ESTABLISHING MINNESOTA AS A STATE WAS HELD ON THE CORNER OF MERTLE AND MAIN STREET DOWNTOWN. STILLWATER IS ALSO ONE OF MINNESOTA'S OLDEST TOWNS, PRECEDING MINNEAPOLIS BY YEARS. AT THE TIME OF INCORPORATION AS A CITY IN 1854, STILLWATER WAS THE LARGEST IN THE STATE. HOW: THROUGH THE FUNDING OF A MINNESOTA LEGISLATURE APPROVED 3% LODGING TAX ON HOTELS AND RESTAURANTS LOCATED WITHIN THE TWO CITY LIMITS, VISITORS GUIDES ARE PRODUCED, MAPS ARE AVAILABLE, A WEB SITE IS MAINTAINED, AND SMALL GRANTS ARE MADE TO LOGAL ACTIVITIES, ALL IN AN EFFORT TO PROMOTE THE STILLWATER AND OAK PARK HEIGHTS AREA. THE ORGANIZATION IS IN CLOSE PARTNERSHIP WITH THE STATE OF MINNESOTA OFFICE OF TOURISM.
OUR MISSION IS TO PROMOTE THE CITIES OF STILLWATER AND OAK PARK HEIGHTS MINNESOTA AS A DESTINATION POINT FOR TOURISM AND BUSINESS GATHERINGS. WHY: STILLWATER IS CONSIDERED THE HISTORIC BIRTHPLACE OF MINNESOTA BECAUSE IN 1848 THE FIRST TERRITORIAL CONVENTION THAT BEGAN THE PROCESS OF ESTABLISHING MINNESOTA AS A STATE WAS HELD ON THE CORNER OF MERTLE AND MAIN STREET DOWNTOWN. STILLWATER IS ALSO ONE OF MINNESOTA'S OLDEST TOWNS, PRECEDING MINNEAPOLIS BY YEARS. AT THE TIME OF INCORPORATION AS A CITY IN 1854, STILLWATER WAS THE LARGEST IN THE STATE. HOW: THROUGH THE FUNDING OF A MINNESOTA LEGISLATURE APPROVED 3% LODGING TAX ON HOTELS AND RESTAURANTS LOCATED WITHIN THE TWO CITY LIMITS, VISITORS GUIDES ARE PRODUCED, MAPS ARE AVAILABLE, A WEB SITE IS MAINTAINED, AND SMALL GRANTS ARE MADE TO LOGAL ACTIVITIES, ALL IN AN EFFORT TO PROMOTE THE STILLWATER AND OAK PARK HEIGHTS AREA. THE ORGANIZATION IS IN CLOSE PARTNERSHIP WITH THE STATE OF MINNESOTA OFFICE OF TOURISM.
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Robin Anthony Member Of Bo | Trustee | $0 | |
John Daly Member Of Bo | Trustee | $0 | |
Chuck Dougherty Treasurer | OfficerTrustee | $0 | |
Kady Frey Member Of Bo | Trustee | $0 | |
Sara Jespersen President | OfficerTrustee | $0 | |
Paul Kaufer Member Of Bo | Trustee | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $10,000 |
| 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 | $10,000 |
| Total Program Service Revenue | $0 |
| Investment income | $8,753 |
| 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 | $618,251 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $82,241 |
| 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 of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $116,533 |
| Pension plan accruals and contributions | $2,812 |
| Other employee benefits | $0 |
| Payroll taxes | $9,776 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $783 |
| Fees for services: Accounting | $4,095 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $23,185 |
| Advertising and promotion | $66,785 |
| Office expenses | $125,926 |
| Information technology | $6,802 |
| Royalties | $0 |
| Occupancy | $6,518 |
| Travel | $2,157 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $425 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $1,813 |
| All other expenses | $1,967 |
| Total functional expenses | $451,818 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $225,652 |
| Savings and temporary cash investments | $368,752 |
| Pledges and grants receivable | $0 |
| 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 | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $500 |
| Total assets | $594,904 |
| Accounts payable and accrued expenses | $19,165 |
| 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 | $19,165 |
| Net assets without donor restrictions | $575,739 |
| 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 | $594,904 |
Grants Awarded
Over the last fiscal year, Stillwateroak Park Heights Convention And Visitors Bureau has awarded $65,248 in support to 5 organizations.
| Grant Recipient | Amount |
|---|---|
GREATER STILLWATER CHAMBER OFCOMMERCE FOUNDATION PURPOSE: GENERATE TOURISM | $25,750 |
HOLIDAY LIGHTING & DESIGN PURPOSE: GENERATE TOURISM | $9,498 |
SUMMER TUESDAYS PURPOSE: GENERATE TOURISM | $10,000 |
THE LOCALS PURPOSE: GENERATE TOURISM | $10,000 |
GREATER STILLWATER CH FOUNDATION | | | $10,000 |