Visit Brainerd Inc
- Assets
- $336.7k
- Revenue
- $395.9k
- Investments
- $0.0
- Employees
- 4
- Location
- Baxter, MN
- Founding
- 11/1998
- Data as of
- 05/2019
- EIN
- 41-1820385
Organization Overview
Visit Brainerd Inc is located in Baxter, MN. The organization was established in 1998. According to its NTEE Classification (S99) the organization is classified as: Community Improvement & Capacity Building N.E.C., under the broad grouping of Community Improvement & Capacity Building and related organizations. As of 05/2017, Visit Brainerd Inc employed 4 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Visit Brainerd 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 05/2019, Visit Brainerd Inc generated $395.9k in total revenue. This represents relatively stable growth, over the past 5 years the organization has increased revenue by an average of 0.7% each year. All expenses for the organization totaled $306.6k during the year ending 05/2019. 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
2019
Describe the Organization's Mission:
Part 3 - Line 1
PROMOTE TRAVEL AND TOURISM
Describe the Organization's Program Activity:
Part 3 - Line 4a
UTILIZE REVENUES PRODUCED THROUGH THE LODGING TAX AND MARKETING PROGRAMS TO PROMOTE TRAVEL AND TOURISM INTO THE BRAINERD/BAXTER AREA TO INCREASE OCCUPANCY FOR ASSOCIATION MEMBERS YEAR ROUND.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Richard Polipnick Former Exec | Officer | 40 | $41,438 |
Sarah Stultz Secretary | OfficerTrustee | 2 | $0 |
Tom Vasecka President | OfficerTrustee | 2 | $0 |
Katie Watland Treasurer/vp | OfficerTrustee | 2 | $0 |
Mary Johnson Executive Di | Officer | 40 | $0 |
Mark Innes Director | Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $7,000 |
| Investment income | $170 |
| 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 | $395,864 |
| Statement of Expenses | |
|---|---|
| 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. | $77,382 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $7,236 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $2,231 |
| Payroll taxes | $7,874 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $17,780 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $145,468 |
| Office expenses | $9,299 |
| Information technology | $17,611 |
| Royalties | $0 |
| Occupancy | $9,634 |
| Travel | $5,629 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $2,516 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $46 |
| Insurance | $1,280 |
| All other expenses | $0 |
| Total functional expenses | $306,588 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $179,084 |
| Savings and temporary cash investments | $156,762 |
| 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 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $895 |
| Total assets | $336,741 |
| Accounts payable and accrued expenses | $1,848 |
| 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 | $1,848 |
| Net assets without donor restrictions | $334,893 |
| 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 |
| Total liabilities and net assets/fund balances | $334,893 |
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