Explore Edina
- Assets
- $0.0
- Revenue
- $441.2k
- Investments
- $0.0
- Employees
- 0
- Location
- Edina, MN
- Founding
- Data as of
- 12/2017
- EIN
- 47-1689543
Organization Overview
Explore Edina is located in Edina, MN. Explore Edina 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 12/2017, Explore Edina generated $441.2k in total revenue. This represents relatively stable growth, over the past 3 years the organization has increased revenue by an average of 0.8% each year. All expenses for the organization totaled $669.3k during the year ending 12/2017. 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
2017
Describe the Organization's Mission:
Part 3 - Line 1
TO ATTRACT REGIONAL, NATIONAL AND INTERNATIONAL VISITORS TO EDINA THEREBY INCREASING REVENUES, STIMULATING ECONOMIC DEVELOPMENT AND CREATING POSITIVE AWARENESS FOR THE COMMUNITY'S TOURISM ASSETS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
TO ATTRACT REGIONAL, NATIONAL AND INTERNATIONAL VISITORS TO EDINA THEREBY INCREASING REVENUES, STIMULATING ECONOMIC DEVELOPMENT AND CREATING POSITIVE AWARENESS FOR THE COMMUNITY'S TOURISM ASSETS.
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jack Abdo Treasurer | OfficerTrustee | 1 | $0 |
Tim Murphy Incoming Board Chair | OfficerTrustee | 1 | $0 |
Lori Syverson Secretary | OfficerTrustee | 20 | $0 |
Jerry Cohen Board Chair | OfficerTrustee | 1 | $0 |
Joe Arends Director | Trustee | 1 | $0 |
Rachel Theleman Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $433,170 |
| 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 | $433,170 |
| Total Program Service Revenue | $10,468 |
| Investment income | $418 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$2,824 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $441,232 |
| 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. | $131,326 |
| Compensation of current officers, directors, key employees. | $6,414 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $3,777 |
| Other employee benefits | $10,733 |
| Payroll taxes | $7,938 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $1,250 |
| Fees for services: Accounting | $6,373 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $212,475 |
| Office expenses | $4,955 |
| Information technology | $13,803 |
| Royalties | $0 |
| Occupancy | $19,050 |
| Travel | $6,710 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $8,552 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $1,511 |
| Insurance | $1,322 |
| All other expenses | $0 |
| Total functional expenses | $669,279 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| 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 | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $0 |
| Accounts payable and accrued expenses | $0 |
| 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 | $0 |
| Unrestricted restricted net Assets | $0 |
| Temporarily restricted net Assets | $0 |
| Permanently restricted net Assets or current funds | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Total net assets or fund balances | $0 |
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