Visit Sheboygan Inc
- Assets
- $1.5m
- Revenue
- $2.0m
- Investments
- $0.0
- Employees
- 7
- Location
- Sheboygan, WI
- Founding
- 06/2017
- Data as of
- 12/2021
- EIN
- 81-4995896
Organization Overview
Visit Sheboygan Inc is located in Sheboygan, WI. The organization was established in 2017. 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 12/2021, Visit Sheboygan Inc employed 7 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Visit Sheboygan 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 12/2021, Visit Sheboygan Inc generated $2.0m in total revenue. This organization has experienced exceptional growth, as over the past 5 years, it has increased revenue by an average of 24.3% each year . All expenses for the organization totaled $1.0m during the year ending 12/2021. While expenses have increased by 16.5% per year over the past 5 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO STRATEGICALLY LEAD AND DIRECT THE AREA'S TOURISM PROMOTION AND TOURISM DEVELOPMENT INITIATIVES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROMOTE SHEBOYGAN TOURISM
FREEDOM FEST
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Amy Wilson President/ceo | Officer | 40 | $95,470 |
Todd Wolf Vice Chairman | OfficerTrustee | 1 | $0 |
Chad Pelishek Chairman Of The Board | OfficerTrustee | 1 | $0 |
Michael Froh Secretary/treasurer | OfficerTrustee | 1 | $0 |
Cameron Bopp Board Director | Trustee | 1 | $0 |
Matt Fore Board Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $1,946,349 |
| All other contributions, gifts, grants, and similar amounts not included above | $60,285 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $2,006,634 |
| Total Program Service Revenue | $0 |
| Investment income | $50 |
| 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 | $21,934 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $2,028,618 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $17,635 |
| 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. | $105,143 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $319,058 |
| Pension plan accruals and contributions | $20,694 |
| Other employee benefits | $31,121 |
| Payroll taxes | $32,978 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $4,081 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $277,783 |
| Office expenses | $9,931 |
| Information technology | $18,067 |
| Royalties | $0 |
| Occupancy | $88,200 |
| Travel | $466 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $7,465 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $993 |
| Insurance | $4,676 |
| All other expenses | $19,669 |
| Total functional expenses | $1,033,385 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $918,910 |
| Savings and temporary cash investments | $500,636 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $23,988 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $30,998 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $28,798 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $1,503,330 |
| Accounts payable and accrued expenses | $19,524 |
| 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 | $249,339 |
| Total liabilities | $268,863 |
| Net assets without donor restrictions | $1,234,467 |
| 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 | $1,503,330 |
Grants Awarded
Over the last fiscal year, Visit Sheboygan Inc has awarded $784,848 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
CITY OF SHEBOYGAN PURPOSE: REIMBURSEMENT OF EXPENDITURES MADE BY THE CITY OF SHEBOYGAN RELATED TO BLUE HARBOR RESORT | $749,339 |
Sheboygan, WI PURPOSE: DONATION FOR START UP EXPENSES | $35,509 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Midway Airlines Terminal Consortium Chicago, IL | $5,016,144 | $16,801,841 |
Initiative Foundation Little Falls, MN | $95,633,483 | $21,753,358 |
Automation Alley Troy, MI | $10,050,141 | $14,162,417 |
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 |
International Automotive Oversight Bureau Southfield, MI | $23,323,319 | $7,456,066 |
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 |