Greater Grand Forks Convention & Visitors Bureau
- Assets
- $897.0k
- Revenue
- $1.3m
- Investments
- $0.0
- Employees
- 6
- Location
- Grand Forks, ND
- Founding
- 02/1983
- Data as of
- 12/2022
- EIN
- 45-0368186
Organization Overview
Greater Grand Forks Convention & Visitors Bureau is located in Grand Forks, ND. The organization was established in 1983. According to its NTEE Classification (S30) the organization is classified as: Economic Development, under the broad grouping of Community Improvement & Capacity Building and related organizations. As of 12/2022, Greater Grand Forks Convention & Visitors Bureau employed 6 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Greater Grand Forks Convention & Visitors Bureau 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, Greater Grand Forks Convention & Visitors Bureau generated $1.3m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 1.4% each year. All expenses for the organization totaled $1.3m during the year ending 12/2022. While expenses have increased by 1.6% per year over the past 8 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.
Since 2015, Greater Grand Forks Convention & Visitors Bureau has awarded 98 individual grants totaling $989,589. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
TO PROMOTE TOURISM AND SOLICIT CONVENTIONS, TOURNAMENTS AND TRADE SHOWS TO THE GREATER GRAND FORKS AREA.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROMOTION OF THE CITIES OF GRAND FORKS AND EAST GRAND FORKS THROUGH NEWSPAPER, TELEVISION, RADIO, BILLBOARD ADVERTISING, THE INTERNET, AND BIDDING ON CONVENTIONS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Monica Musich Board Member | Trustee | 1 | $0 |
Fred Wittmann Immediate Past President | OfficerTrustee | 1 | $0 |
Monica Evavold President | OfficerTrustee | 1 | $0 |
Shawn Clapp Treasurer | OfficerTrustee | 1 | $0 |
Jody Hodgson Board Member | Trustee | 1 | $0 |
Pat Mclean Board Member | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $1,277,126 |
| 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 | $1,277,126 |
| Total Program Service Revenue | $42,730 |
| Investment income | $445 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$706 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $5 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,332,447 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $160,634 |
| 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. | $129,083 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $240,944 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $46,527 |
| Payroll taxes | $26,748 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $11,326 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $11,700 |
| Advertising and promotion | $390,092 |
| Office expenses | $66,058 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $14,205 |
| Travel | $9,731 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $5,943 |
| Interest | $6,152 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $18,557 |
| Insurance | $8,488 |
| All other expenses | $5,000 |
| Total functional expenses | $1,292,637 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $222,817 |
| Savings and temporary cash investments | $47,654 |
| Pledges and grants receivable | $469,991 |
| 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 | $2,716 |
| Prepaid expenses and deferred charges | $11,218 |
| Net Land, buildings, and equipment | $130,735 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $11,878 |
| Total assets | $897,009 |
| Accounts payable and accrued expenses | $49,051 |
| 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 | $217,291 |
| Other liabilities | $12,278 |
| Total liabilities | $278,620 |
| Net assets without donor restrictions | $353,192 |
| Net assets with donor restrictions | $265,197 |
| 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 | $897,009 |
Grants Awarded
Over the last fiscal year, Greater Grand Forks Convention & Visitors Bureau has awarded $117,600 in support to 11 organizations.
| Grant Recipient | Amount |
|---|---|
RED RIVER BMX PURPOSE: EVENT FUNDING | $10,000 |
HB PRESENTS LLC PURPOSE: EVENT FUNDING | $12,000 |
GREATER GRAND FORKS SERTOMA CLUB PURPOSE: EVENT FUNDING | $12,000 |
GRAND FORKS YOUTH HOCKEY ASSOCIATION PURPOSE: EVENT FUNDING | $23,000 |
NORTH DAKOTA LEAGUE OF CITIES PURPOSE: EVENT FUNDING | $6,000 |
THIRD STREET EVENTS PURPOSE: EVENT FUNDING | $12,000 |