Greater Mankato Growth Inc

Organization Overview

Greater Mankato Growth Inc is located in Mankato, MN. The organization was established in 1983. 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. As of 12/2023, Greater Mankato Growth Inc employed 26 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Greater Mankato Growth 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, Greater Mankato Growth Inc generated $3.3m in total revenue. This represents relatively stable growth, over the past 9 years the organization has increased revenue by an average of 3.9% each year. All expenses for the organization totaled $3.0m during the year ending 12/2023. While expenses have increased by 2.6% per year over the past 9 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.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2023

Describe the Organization's Mission:

Part 3 - Line 1

SEE PAGE 2, PART III LINE 1

Describe the Organization's Program Activity:

Part 3 - Line 4a

BUSINESS DEVELOPMENT --THE 2023 BUSINESS AWARDS AND HALL OF FAME SOLD OUT. 417 PARTICIPANTS AND 14 AWARDS WERE PRESENTED BETWEEN OUR FOUR BUSINESS UNITS. --PARTNERED WITH SOUTH CENTRAL TOUR OF MANUFACTURING FEATURING 15 AREA ORGANIZATIONS HOSTING 443 STUDENTS FROM 19 LOCAL SCHOOLS. --RESIDENT RECRUITMENT PROGRAM IN TWIN CITIES, ST. COULD, AND CHICAGO WITH OVER 10 MILLION IMPRESSIONS. --GREENSEAM PRESENTED AT THE MN AG EXPO, FARMFEST, MN PORK CONGRESS, AND MN CHAMBER OF COMMERCE ANNUAL MEETINGS. --CITY CENTER PARTNERSHIP'S BONUS GIFT CARD PROGRAM SAW 26,428 IN RECEIPTS TURNED IN FOR BONUS GIFT CARDS EQUATING TO 3.50 IN ADDITIONAL SPENDING FOR EVERY 1 CCP INVESTED. --GREATER MANKATO HOSTED THE 2022 ANNUAL MEETING, 395 PEOPLE ATTENDED. --48 SPORTS, 30 CONFERENCES AND 13 LEISURE EVENTS BROUGHT 12 MILLION TO THE REGION. --MANKATO MARATHON HOSTED 3,398 RUNNERS WITH AN ECONOMIC IMPACT OF 2 MILLION. --GREATER MANKATO GOLF TOURNAMENT GATHERED 144 GOLFERS ALONG WITH OVER 100 GUESTS AND OVER 30 SPONSORS FOR BUSINESS CONNECTIONS AND NETWORKING. --CREATED THE FIRST MEMBER SHOWCASE ONLINE AUCTION WITH OVER 100 MEMBER BUSINESSES DONATING ITEMS. --WORKED WITH MORE THAN 1,000 STAKEHOLDERS TO SHAPE THE FUTURE VISION OF GREATER MANKATO. --280 ATTENDEES JOINED GREENSEAM'S CELEBRATION OF AG EVENT. --E-NEWS SUBSCRIBERS INCREASED 40%, FACEBOOK LIKES INCREASED 289% AND --INSTAGRAM FOLLOWERS INCREASED 254% --1,500 ATTENDEES FOR MONTHLY BUSINESS AFTER HOURS MONTHLY NETWORKING EVENTS. --GREENSEAM HOSTED THE CELEBRATION OF AG WITH OVER 250 ATTENDEES.


TALENT --192 MEMBERS INVOLVED IN YOUNG PROFESSIONALS WITH 82 NEW MEMBERS. --GREENSEAM HELPED MANKATO AREA SCHOOLS SECURE FUNDING TO HIRE A NEW AG TEACHER WHICH ALLOWED +400 STUDENTS TO GO THROUGH THE AG PROGRAM IN 2021. --40 PARTICIPANTS GRADUATED FROM LEADERSHIP INSTITUTE IN AUG 2023. --DEI COLLABORATIVE GRADUATED 29 PARTICIPANTS IN MAY, 2023. --17 BUSINESS AND NON-PROFIT LEADERS PARTICIPATED IN THE EXECUTIVE SOUNDING BOARD PROGRAM. --GLOBAL WORKFORCE PROGRAM TECHNICAL ASSISTANCE FOR AG BUSINESSES SEEKING TO HIRE NON-US CITIZENS. ORGANIZATIONAL --6TH LARGEST CHAMBER OF COMMERCE IN MN --910 MEMBERS, 56 NEW MEMBERS --34 VOLUNTEERS WITH GREATER MANKATO CAVALIERS --82 AMBASSADORS' VISITS FOR NEW BUSINESSES IN THE GREATER MANKATO AREA WITH 50 VOLUNTEERS.


LIVABILITY --32 NEW SCULPTURES WERE INSTALLED ON THE 13TH ANNIVERSARY OF WALKING SCULPTURE TOUR --CITY CENTER PARTNERSHIP HOSTED 3 INSTALLMENTS OF THE FREE CONCERT SERIES - ALIVE AFTER 5, ATTRACTING MORE THAN 1,400 VISITORS --HOSTED 4 INSTALLMENTS OF SONGS ON THE LAWN, ALSO A FREE CONCERT SERIES, BRINGING IN OVER 2,000 VISITORS. --16 BUSINESSES PARTICIPATED IN THE LET IT GLOW CAMPAIGN IN 2023.


ADVOCACY & VISIBILITY --HOSTED 3 LEGISLATIVE FORUMS. --GREATER MANKATO AT THE CAPITOL HOSTED MORE THAN 30 BUSINESS AND COMMUNITY LEADERS WHO ME WITH THE GOVER AND 6 LEGISLATORS. --SECURED 100M IN TAX RELIEF --GREENSEAM PUBLISHED THE 2023 STATE OF AG SURVEY REPORT, FOCUSING ON THE STATE OF AGRICULTURE IN OUR REGION.


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Board, Officers & Key Employees

Name (title)Compensation
David Krause
Chair
$0
David Kim
Vice-Chair
$0
Ben Ellingson
Treasurer/se
$0
Jessica Beyer
President An
$159,135
Jamie Jacobs
Board Member
$0
Christine Powers
Board Member
$0

Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$659,152
Fundraising events$0
Related organizations$32,118
Government grants $208,919
All other contributions, gifts, grants, and similar amounts not included above$570,123
Noncash contributions included in lines 1a–1f $79,426
Total Revenue from Contributions, Gifts, Grants & Similar$1,470,312
Total Program Service Revenue$1,717,068
Investment income $61,007
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $0
Net Gain/Loss on Asset Sales $127
Net Income from Fundraising Events $12,266
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $3,319,306

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