Brookings Convention & Visitors Bureau
- Assets
- $553.1k
- Revenue
- $572.8k
- Investments
- $0.0
- Employees
- 6
- Location
- Brookings, SD
- Founding
- Data as of
- 12/2023
- EIN
- 84-3340047
Organization Overview
Brookings Convention & Visitors Bureau, operating under the name Visit Brookings, is located in Brookings, SD. According to its NTEE Classification (Y03) the organization is classified as: Professional Societies & Associations, under the broad grouping of Mutual & Membership Benefit and related organizations. As of 12/2023, Visit Brookings employed 6 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Visit Brookings 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 12/2023, Visit Brookings generated $572.8k in total revenue. The organization has seen a slow decline revenue. Over the past 4 years, revenues have fallen by an average of (2.4%) each year. All expenses for the organization totaled $606.2k during the year ending 12/2023. 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
THE ORGANIZATION WORKS WITH STRATEGIC PARTNERS TO MARKET BROOKINGS, DEVELOP TOURISM, AND STRENGTHEN EVENTS PROVIDING ECONOMIC IMPACT TO THE COMMUNITY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE ORGANIZATION WORKS WITH STRATEGIC PARTNERS TO MARKET BROOKINGS, DEVELOP TOURISM, AND STRENGTHEN EVENTS PROVIDING ECONOMIC IMPACT TO THE COMMUNITY.
N/A
N/A
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jamison Lamp Past Chair | OfficerTrustee | 1 | $0 |
Lisa Marotz Chair | OfficerTrustee | 1 | $0 |
Laci Thompson Vice Chair | OfficerTrustee | 1 | $0 |
Michael Logan Secretary/treasurer | OfficerTrustee | 1 | $0 |
Michael Johnson Board Member | Trustee | 1 | $0 |
Jacob Meshke Board Member | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $62,500 |
| All other contributions, gifts, grants, and similar amounts not included above | $503,556 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $566,056 |
| Total Program Service Revenue | $0 |
| Investment income | $6,734 |
| 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 | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $572,790 |
| 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 | $169,152 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $26,035 |
| Payroll taxes | $13,611 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $7,324 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $77,455 |
| Office expenses | $8,045 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $32,070 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $6,955 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $24,262 |
| Insurance | $2,618 |
| All other expenses | $1,861 |
| Total functional expenses | $606,231 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $289,391 |
| Savings and temporary cash investments | $200,652 |
| 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 | $6,110 |
| Net Land, buildings, and equipment | $12,068 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $8,326 |
| Other assets | $36,519 |
| Total assets | $553,066 |
| Accounts payable and accrued expenses | $32,015 |
| 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 | $37,604 |
| Total liabilities | $69,619 |
| Net assets without donor restrictions | $461,153 |
| Net assets with donor restrictions | $22,294 |
| 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 | $553,066 |