Park Rapids Convention & Visitors Bureau Inc is located in Park Rapids, MN. The organization was established in 2001. 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. Park Rapids 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, Park Rapids Convention & Visitors Bureau Inc generated $95.1k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 4.9% each year. All expenses for the organization totaled $118.4k during the year ending 12/2022. While expenses have increased by 11.1% 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
PROMOTE TOURISM FOR THE CITY OF PARK RAPIDS AND THE IMMEDIATE AREA VIA ADVERTISING
Name (title) | Role | Hours | Compensation |
---|---|---|---|
Derek Ricke Presidenttreasurer | 1 | $0 | |
Craig Rossman Secretary | 1 | $0 |
Statement of Revenue | |
---|---|
Total Revenue from Contributions, Gifts, Grants & Similar | $94,917 |
Total Program Service Revenue | $0 |
Membership dues | $0 |
Investment income | $171 |
Gain or Loss | $0 |
Net Income from Gaming & Fundraising | $0 |
Other Revenue | $0 |
Total Revenue | $95,088 |
Statement of Expenses | |
---|---|
Grants and similar amounts paid | $0 |
Benefits paid to or for members | $0 |
Salaries, other compensation, and employee benefits | $0 |
Professional fees and other payments to independent contractors | $378 |
Occupancy, rent, utilities, and maintenance | $0 |
Printing, publications, postage, and shipping | $4,938 |
Other expenses | $113,095 |
Total expenses | $118,411 |
Balance Sheet | |
---|---|
Cash, savings, and investments | $93,214 |
Other assets | $0 |
Total assets | $93,214 |
Total liabilities | $0 |
Net assets or fund balances | $93,214 |