Gaylord-Otsego County Convention & Tourism Bureau Inc
- Assets
- $669.5k
- Revenue
- $1.4m
- Investments
- $0.0
- Employees
- 5
- Location
- Gaylord, MI
- Founding
- 06/1988
- Data as of
- 12/2023
- EIN
- 38-2704639
Organization Overview
Gaylord-Otsego County Convention & Tourism Bureau Inc is located in Gaylord, MI. The organization was established in 1988. According to its NTEE Classification (S20) the organization is classified as: Community & Neighborhood Development, under the broad grouping of Community Improvement & Capacity Building and related organizations. As of 12/2023, Gaylord-Otsego County Convention & Tourism Bureau Inc employed 5 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Gaylord-Otsego County Convention & Tourism 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 12/2023, Gaylord-Otsego County Convention & Tourism Bureau Inc generated $1.4m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 6.4% each year. All expenses for the organization totaled $1.3m during the year ending 12/2023. While expenses have increased by 5.6% per year over the past 8 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 PROMOTE TOURISM AND OTHER COMMERCE IN THE GAYLORD, MICHIGAN AREA.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE BUREAU WAS SUCCESSFUL IN PROMOTING THE GAYLORD, MI AREA - BRINGING TENS OF THOUSANDS OF TOURISTS TO THE AREA. THE TOURISTS ENJOYED A VARIETY OF YEAR-ROUND ACTIVITIES INCLUDING GOLF, SKIING, AND SNOWMOBILING.
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 |
|---|---|---|---|
Paul Beachnau Ex. Director | Trustee | 40 | $115,980 |
Barry Owens Director | Trustee | 2 | $0 |
Rob Rodenroth Director | Trustee | 2 | $0 |
Mark Copeland Director | Trustee | 2 | $0 |
Julie Allen Director | Trustee | 2 | $0 |
Gary Kosch Director | Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| 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 | $0 |
| Total Program Service Revenue | $1,348,029 |
| Investment income | $3,529 |
| 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 | $1,351,558 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| 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. | $115,980 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $117,133 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $20,738 |
| Payroll taxes | $17,945 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $351 |
| Fees for services: Accounting | $12,840 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $7,751 |
| Information technology | $24,076 |
| Royalties | $0 |
| Occupancy | $20,788 |
| Travel | $25,455 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $8,630 |
| Insurance | $3,518 |
| All other expenses | $282,984 |
| Total functional expenses | $1,298,148 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | -$20,822 |
| Savings and temporary cash investments | $659,547 |
| 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 | $3,693 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $3,224 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $23,861 |
| Other assets | $0 |
| Total assets | $669,503 |
| Accounts payable and accrued expenses | $3,224 |
| 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 | $3,132 |
| Total liabilities | $6,356 |
| Net assets without donor restrictions | $663,147 |
| 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 | $669,503 |