Bismarck-Mandan Convention & Visitors Bureau Inc
- Assets
- $3.6m
- Revenue
- $2.1m
- Investments
- $0.0
- Employees
- 61
- Location
- Bismarck, ND
- Founding
- 06/1980
- Data as of
- 12/2021
- EIN
- 45-0354975
Organization Overview
Bismarck-Mandan Convention & Visitors Bureau Inc is located in Bismarck, ND. The organization was established in 1980. According to its NTEE Classification (S01) the organization is classified as: Alliances & Advocacy, under the broad grouping of Community Improvement & Capacity Building and related organizations. As of 12/2021, Bismarck-Mandan Convention & Visitors Bureau Inc employed 61 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Bismarck-Mandan 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 12/2021, Bismarck-Mandan Convention & Visitors Bureau Inc generated $2.1m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 1.7% each year. All expenses for the organization totaled $1.1m during the year ending 12/2021. 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
PROMOTING THE BISMARCK-MANDAN AREA; BRING VISITORS INTO THE COMMUNITY THROUGH ADVERTISING, MARKETING, AND THE SOLICITATION OF MEETINGS, CONVENTIONS, AND TOUR GROUPS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
OUR CLIENT BASE SPANS THROUGHOUT THE UNITED STATES AND SEVERAL COUNTRIES. AS A RESULT OF OUR EXTENSIVE MARKETING EFFORTS, WE HOST OVER 500 MULTI-DAY MEETINGS AND EVENTS ANNUALLY, BRINGING IN OVER 378,000 ATTENDEES. THIS IS IN ADDITION TO THE THOUSANDS OF LEISURE TRAVELERS AND OTHER GROUPS THAT VISIT OUR COMMUNITY. WE PRODUCE A VISITORS GUIDE ANNUALLY USED TO ENTICE VISITORS. WE MAINTAIN A COMPREHENSIVE WEBSITE THAT IS CONTINUALLY UPDATED.
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Sheri Grossman Exec Dir/secr | Officer | 40 | $131,370 |
Samantha Schwab Vice Chair | OfficerTrustee | 1 | $0 |
Jody Olney Chairman | OfficerTrustee | 1 | $0 |
Cole Higlin Past Chair | OfficerTrustee | 1 | $0 |
Dave Achtenberg Director | Trustee | 1 | $0 |
Randy Hansen Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $55,144 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $743,684 |
| 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 | $798,828 |
| Total Program Service Revenue | $91 |
| Investment income | $2,012 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $1,300 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $1,276,990 |
| Net Income from Sales of Inventory | $6,318 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $2,094,221 |
| 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. | $150,375 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $267,069 |
| Pension plan accruals and contributions | $35,177 |
| Other employee benefits | $44,302 |
| Payroll taxes | $33,366 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $335 |
| Fees for services: Accounting | $5,825 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $5,040 |
| Advertising and promotion | $115,119 |
| Office expenses | $26,118 |
| Information technology | $18,819 |
| Royalties | $0 |
| Occupancy | $63,063 |
| Travel | $8,728 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $4 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $29,299 |
| Insurance | $7,417 |
| All other expenses | $12,551 |
| Total functional expenses | $1,078,336 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $467,729 |
| Savings and temporary cash investments | $2,631,822 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $71,231 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $27,454 |
| Prepaid expenses and deferred charges | $20,629 |
| Net Land, buildings, and equipment | $93,453 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $247,057 |
| Total assets | $3,559,375 |
| Accounts payable and accrued expenses | $208,558 |
| 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 | $21,185 |
| Total liabilities | $229,743 |
| Net assets without donor restrictions | $3,329,632 |
| 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 | $3,559,375 |
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