Great Bear Management Inc
- Assets
- $1.1m
- Revenue
- $1.1m
- Investments
- $0.0
- Employees
- 312
- Location
- Sioux Falls, SD
- Founding
- 06/1994
- Data as of
- 04/2024
- EIN
- 46-0417880
Organization Overview
Great Bear Management Inc is located in Sioux Falls, SD. The organization was established in 1994. According to its NTEE Classification (N32) the organization is classified as: Parks & Playgrounds, under the broad grouping of Recreation & Sports and related organizations. As of 04/2024, Great Bear Management Inc employed 312 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Great Bear Management Inc is a 501(c)(4) and as such, is described as a "Civic League, Social Welfare Organization, and Local Association of Employees" by the IRS.
For the year ending 04/2024, Great Bear Management Inc generated $1.1m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 1.8% each year. All expenses for the organization totaled $1.3m during the year ending 04/2024. While expenses have increased by 4.6% 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.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2024
Describe the Organization's Mission:
Part 3 - Line 1
OPERATE WINTER RECREATION PARK FOR CITY OF SIOUX FALLS
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE CORPORATION HAS PROVIDED SUPPORT AND HELPED TO PROMOTE NATIONAL AND INTERNATIONAL WINTER SPORTS WITH REGARD TO COMPETITION, TRAINING & EDUCATION (EG. SPECIAL OLYMPICS,ETC). IT HAS ALSO HELPED TO SUPPORT OTHER RELATED LOCAL ACTIVITIES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Steve Sanford President | OfficerTrustee | 1 | $0 |
Jamie Simko Vice President | OfficerTrustee | 0.5 | $0 |
Brett Kollars Board Member | Trustee | 0.5 | $0 |
Greg Blomberg Board Member | Trustee | 0.5 | $0 |
Brock Doubldee Parks Department | Trustee | 0.5 | $0 |
Suzannah Chap Board Member | Trustee | 0.5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| 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 | $0 |
| Total Program Service Revenue | $897,355 |
| Investment income | $31,014 |
| 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 | $164,019 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,124,059 |
| 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. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $549,552 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $1,351 |
| Payroll taxes | $43,135 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $12,215 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $97,860 |
| Office expenses | $62,117 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $9,870 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $56,815 |
| Insurance | $113,073 |
| All other expenses | $54,809 |
| Total functional expenses | $1,255,221 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $500 |
| Savings and temporary cash investments | $807,009 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $1,047 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $36,203 |
| Prepaid expenses and deferred charges | $7,673 |
| Net Land, buildings, and equipment | $173,493 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $26,792 |
| Total assets | $1,052,717 |
| Accounts payable and accrued expenses | $46,479 |
| 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 | $11,245 |
| Total liabilities | $57,724 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $994,993 |
| 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 | $1,052,717 |