Visit Mason City Inc
- Assets
- $410.6k
- Revenue
- $399.0k
- Investments
- $0.0
- Employees
- 3
- Location
- Mason City, IA
- Founding
- 06/2013
- Data as of
- 09/2022
- EIN
- 45-2436698
Organization Overview
Visit Mason City Inc is located in Mason City, IA. The organization was established in 2013. According to its NTEE Classification (S40) the organization is classified as: Business & Industry, under the broad grouping of Community Improvement & Capacity Building and related organizations. As of 09/2022, Visit Mason City Inc employed 3 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Visit Mason City 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 09/2022, Visit Mason City Inc generated $399.0k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 7.1% each year. All expenses for the organization totaled $391.4k during the year ending 09/2022. While expenses have increased by 7.2% 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
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
ENHANCE THE ECONOMY OF MASON CITY AND PROMOTE THE NORTH IOWA AREA AS A DESTINATION FOR OVERNIGHT VISITORS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROMOTION OF TOURISM IN AND AROUND MASON CITY, IOWA BY RECRUITING TRADE SHOWS, CONVENTIONS, SPORTS EVENTS, TOURNAMENTS AND LEISURE TRAVELERS TO THE AREA.
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Lindsey James Executive Director | Officer | 40 | $60,578 |
Molly Angstman Treasurer | OfficerTrustee | 1 | $0 |
Mary Holmes Secretary | OfficerTrustee | 1 | $0 |
Jessica Vetter Vice President | OfficerTrustee | 1 | $0 |
Steve Bailey President | OfficerTrustee | 1 | $0 |
Matt Curtis Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $388,344 |
| 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 | $388,344 |
| Total Program Service Revenue | $12,025 |
| Investment income | $775 |
| 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 | -$2,118 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $399,026 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $9,763 |
| 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. | $60,578 |
| Compensation of current officers, directors, key employees. | $21,202 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $58,299 |
| Pension plan accruals and contributions | $6,054 |
| Other employee benefits | $9,022 |
| Payroll taxes | $8,596 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $760 |
| Fees for services: Accounting | $4,625 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $76,919 |
| Office expenses | $25,108 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $43,158 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $8,007 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $5,894 |
| Insurance | $3,445 |
| All other expenses | $0 |
| Total functional expenses | $391,429 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $215,317 |
| Savings and temporary cash investments | $150,151 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $864 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $5,661 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $38,603 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $410,596 |
| Accounts payable and accrued expenses | $9,888 |
| 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 | $9,888 |
| Net assets without donor restrictions | $388,307 |
| Net assets with donor restrictions | $12,401 |
| 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 | $410,596 |
Grants Awarded
Over the last fiscal year, Visit Mason City Inc has awarded $40,418 in support to 3 organizations.
| Grant Recipient | Amount |
|---|---|
MIDSTATES HORSE SHOW PURPOSE: PROMOTE TOURISM | $19,980 |
SOLLAND PURPOSE: PROMOTE TOURISM | $13,771 |
Mason City, IA PURPOSE: PROMOTE TOURISM | $6,667 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Visit Mason City Inc has recieved totaling $5,000.
| Awarding Organization | Amount |
|---|---|
First Citizens National Bank Charitable Foundation Inc Mason City, IA PURPOSE: SPONSORSHIP | $5,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
United States Soybean Export Council Inc Chesterfield, MO | $22,345,655 | $54,169,870 |
Midway Airlines Terminal Consortium Chicago, IL | $5,016,144 | $16,801,841 |
Initiative Foundation Little Falls, MN | $95,633,483 | $21,753,358 |
Southwest Initiative Foundation Hutchinson, MN | $108,678,960 | $12,722,630 |
Julie Inc Joliet, IL | $17,181,914 | $10,586,687 |
International Accreditation Service Inc Country Club Hills, IL | $30,369,423 | $13,023,651 |
Better Business Bureau Of Chicago And Northern Illinois Inc Chicago, IL | $9,345,951 | $7,242,725 |
Somercor 504 Inc Chicago, IL | $3,029,721 | $5,498,037 |
Midwest Minnesota Community Development Corporation Detroit Lakes, MN | $81,373,559 | $8,284,111 |
Chicago Minority Supplier Development Council Inc Chicago, IL | $1,146,742 | $3,861,380 |
The International Joint Commission On Allied Health Personnel In Opht St Paul, MN | $4,513,334 | $4,493,708 |
Sdco 2121 Belmont Inc Chicago, IL | $50,394,223 | $3,094,881 |