Experience Sioux Falls is located in Sioux Falls, SD. According to its NTEE Classification (S41) the organization is classified as: Chambers of Commerce & Business Leagues, under the broad grouping of Community Improvement & Capacity Building and related organizations. As of 12/2022, Experience Sioux Falls employed 30 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Experience Sioux Falls is a 501(c)(6) and as such, is described as a "Business League, Chambers of Commerce, or Real Estate Board" by the IRS.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
EXPERIENCE SIOUX FALLS WORKS WITH STRATEGIC PARTNERS TO MARKET SIOUX FALLS, SOUTH DAKOTA, DEVELOP TOURISM, AND STRENGTHEN EVENTS PROVIDING POSITIVE ECONOMIC IMPACT TO THE SIOUX FALLS COMMUNITY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
EXPERIENCE SIOUX FALLS, FORMERLY THE SIOUX FALLS CONVENTION AND VISITORS BUREAU, IS FUNDED BY TWO SOURCES. WHEN THE ORGANIZATION WAS CREATED IN THE EARLY 70'S, THE CITY AGREED TO FUND THE GROUP THROUGH A 1% ROOM TAX PLUS 500,000 FROM THE GENERAL FUND. THIS ROOM RAX WAS COLLECTED FROM ALL SIOUX FALLS HOTELS AND DIRECTED TO THE ORGANIZATION. IN 2011, A BID (BUSINESS IMPROVEMENT DISTRICT) WAS FORMED BY SIOUX FALLS HOTELS, IN COOPERATION WITH THE CITY OF SIOUX FALLS, TO FURTHER FUND EXPERIENCE SIOUX FALLS FOR THE PURPOSE OF REMAINING COMPETITIVE IN SALES AND MARKETING. THE BID BECAME EFFECTIVE ON JANUARY 1, 2011, VIA CITY ORDINANCE AND IS COLLECTED FROM ALL HOTELS WITH 40+ ROOMS IN THE CITY LIMITS OF SIOUX FALLS. IT WAS AT THIS TIME THAT THE 500,000 WAS NO LONGER PROVIDED TO EXPERIENCE SIOUX FALLS. EXPERIENCE SIOUX FALLS (ESF) - FORMERLY KNOWN AS CONVENTION & VISITORS BUREAU (CVB), EXISTS TO BRING VISITORS TO SIOUX FALLS TO CREATE ECONOMIC IMPACT THROUGHOUT THE CITY, I.E.: HOTEL ROOM TAX, SALES TAX, AND JOBS. ESF BOOKED 97 CONVENTIONS, MEETINGS, AND EVENTS INVOLVING 56,181 PEOPLE OVER THE NEXT SEVERAL YEARS. ESF DISTRIBUTED 113,516 VISITOR GUIDES VIA MAIL, DIRECT MAIL, READER RESPONSE, DOWNLOADS, AND VIEW, AND TO CONVENTIONS, MEETINGS, AND EVENT ATTENDEES IN SIOUX FALLS. THE TOTAL NUMBER OF VISITORS TO SIOUX FALLS ESTIMATED BY ESF IS 1,190,763. ESF SERVICED 106 CONVENTIONS, MEETINGS AND EVENTS INVOLVING 230,781 PEOPLE. ESF PRINTS PUBLICATIONS SUCH AS SIOUX FALLS VISITOR GUIDE (150,000). ESF TRAVELS NATIONWIDE MAKING SALES CALLS AND BID PRESENTATIONS TO BRING NEW BUSINESS TO THE CITY. DIGITAL AND PRINT SALES AND MARKETING PROGRAMS ARE COMPLETED TO ADVERTISE THE CITY THROUGHOUT THE COUNTRY. THE VISITOR INFORMATION CENTER AT FALLS PARK IS ALSO MANAGED BY ESF. ON SEPTEMBER 1, 2022, ESF BECAME AN INDEPENDENT ORGANIZATION AND RECEIVED A TRANSFER OF NET ASSETS FROM THE GREATER SIOUX FALLS CHAMBER OF COMMERCE. THIS TRANSFER IS REFLECTED AS PROGRAM SERVICE REVENUE IN PART VIII, STATEMENT OF REVENUE.
Name (title) | Role | Hours | Compensation |
---|---|---|---|
Janet Grunewaldt Chairperson | OfficerTrustee | 1 | $0 |
Frank Gurnick Vice Chairpe | OfficerTrustee | 1 | $0 |
Amy Smolik Secretary/tr | OfficerTrustee | 1 | $0 |
Audrey Otto-Pepper Director | Trustee | 1 | $0 |
Christine Bruning Director | Trustee | 1 | $0 |
Shailesh Patel Director | Trustee | 1 | $0 |
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 | $5,105,351 |
Investment income | $20,569 |
Tax Exempt Bond Proceeds | $0 |
Royalties | $0 |
Net Rental Income | $0 |
Net Gain/Loss on Asset Sales | -$9,751 |
Net Income from Fundraising Events | $0 |
Net Income from Gaming Activities | $0 |
Net Income from Sales of Inventory | -$4,308 |
Miscellaneous Revenue | $0 |
Total Revenue | $5,111,861 |
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. | $53,034 |
Compensation of current officers, directors, key employees. | $0 |
Compensation to disqualified persons | $0 |
Other salaries and wages | $294,801 |
Pension plan accruals and contributions | $16,926 |
Other employee benefits | $35,371 |
Payroll taxes | $31,303 |
Fees for services: Management | $0 |
Fees for services: Legal | $2,812 |
Fees for services: Accounting | $26,865 |
Fees for services: Lobbying | $0 |
Fees for services: Fundraising | $0 |
Fees for services: Investment Management | $2,558 |
Fees for services: Other | $0 |
Advertising and promotion | $312,970 |
Office expenses | $60,492 |
Information technology | $20,812 |
Royalties | $0 |
Occupancy | $58,293 |
Travel | $17,681 |
Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
Conferences, conventions, and meetings | $18,522 |
Interest | $28 |
Payments to affiliates | $0 |
Depreciation, depletion, and amortization | $28,071 |
Insurance | $6,831 |
All other expenses | $0 |
Total functional expenses | $1,003,834 |
Balance Sheet | |
---|---|
Cash—non-interest-bearing | $0 |
Savings and temporary cash investments | $1,828,563 |
Pledges and grants receivable | $0 |
Accounts receivable, net | $482,019 |
Loans from Officers, Directors, or Controlling Persons | $0 |
Loans from Disqualified Persons | $0 |
Notes and loans receivable | $0 |
Inventories for sale or use | $112,380 |
Prepaid expenses and deferred charges | $111,284 |
Net Land, buildings, and equipment | $137,505 |
Investments—publicly traded securities | $1,613,046 |
Investments—other securities | $0 |
Investments—program-related | $0 |
Intangible assets | $0 |
Other assets | $478,958 |
Total assets | $4,763,755 |
Accounts payable and accrued expenses | $188,384 |
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 | $481,040 |
Total liabilities | $669,424 |
Net assets without donor restrictions | $0 |
Net assets with donor restrictions | $4,094,331 |
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 | $4,763,755 |