Bismarck-Mandan Convention & Visitors Bureau Inc
- Assets
- $4.7m
- Revenue
- $2.3m
- Investments
- $0.0
- Employees
- 55
- Location
- Bismarck, ND
- Founding
- 06/1980
- Data as of
- 12/2023
- 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 12/2023, Bismarck-Mandan Convention & Visitors Bureau Inc employed 55 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 12/2023, Bismarck-Mandan Convention & Visitors Bureau Inc generated $2.3m in total revenue. This represents relatively stable growth, over the past 9 years the organization has increased revenue by an average of 2.3% each year. All expenses for the organization totaled $1.9m during the year ending 12/2023. While expenses have increased by 1.5% 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.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2023
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 300 MULTI-DAY MEETINGS AND EVENTS ANNUALLY, BRINGING IN OVER 280,000 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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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Sheri Grossman Exec Dir/sec | Officer | 40 | $146,865 |
Matt Schanandore Chairman | OfficerTrustee | 1 | $0 |
Maria Walen Vice Chair | OfficerTrustee | 1 | $0 |
Samantha Schwab 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 | $63,758 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $966,795 |
| 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 | $1,030,553 |
| Total Program Service Revenue | $0 |
| Investment income | $64,906 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $23,003 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $1,124,351 |
| Net Income from Sales of Inventory | $21,869 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $2,277,684 |
| 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. | $168,793 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $394,645 |
| Pension plan accruals and contributions | $33,650 |
| Other employee benefits | $8,985 |
| Payroll taxes | $41,626 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $8,200 |
| Fees for services: Lobbying | $10,000 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $430,127 |
| Office expenses | $45,250 |
| Information technology | $35,312 |
| Royalties | $0 |
| Occupancy | $47,757 |
| Travel | $47,144 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $635 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $127,502 |
| Insurance | $6,714 |
| All other expenses | $1,756 |
| Total functional expenses | $1,948,479 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $437,662 |
| Savings and temporary cash investments | $2,297,361 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $86,082 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $62,023 |
| Prepaid expenses and deferred charges | $77,295 |
| Net Land, buildings, and equipment | $140,765 |
| Investments—publicly traded securities | $1,249,457 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $126,525 |
| Other assets | $258,099 |
| Total assets | $4,735,269 |
| Accounts payable and accrued expenses | $344,885 |
| 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 | $37,899 |
| Total liabilities | $382,784 |
| Net assets without donor restrictions | $4,352,485 |
| 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 | $4,735,269 |