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Visit Grand Rapids INC FY2020 filing

Cohasset, MNUnknown exempt organizationSince 1983EIN 41-1458087Revenue $460K in FY2020

On file with the IRSvisitgrandrapids.com22504 Old Trapper Rd · Cohasset, MN

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Promoting economic development through travel and tourism in the Grand Rapids area

93¢ of each $1 spent went to programs.
Mission: Form 990 Part I, line 1 · Programs: Part IX

Before you give

FY2020 · Form 990Independent: from IRS data, not the org
Download 990
Latest return
FY2025
latest Form 990
Looks good: the latest return is for FY2025, 1 tax year back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
4 of 6
filings with a surplus
Average surplus $19K a year · 4% of revenue · last 6 filings
Fine: a surplus in 4 of the last 6 filings.
Pt I · Ln 19 · 6 filings
Spent on programs
93%
of spending
Looks good: 93% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Cash reserves
4 mo
of spending, in cash
Looks good: 4.3 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$27K
8% of total assets
Looks good: liabilities are 8% of assets; 50% or less.
Pt X · Ln 26
Independent board members
9
of 9 voting members
Looks good: 9 of 9 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$460K
Spent
$437K
To programs
93%
Net assets
$297K
By yearFY2020–FY2025
Revenue
$460K
FY2020
Tap a bar for its year
Revenue by fiscal year
FY2020$460K
FY2021$494K
FY2022$424K
FY2023$490K
FY2024$476K
FY2025$478K
Expenses
$437K
FY2020
Tap a bar for its year
Expenses by fiscal year
FY2020$437K
FY2021$422K
FY2022$453K
FY2023$431K
FY2024$443K
FY2025$521K
Net assets
$297K
FY2020
Tap a bar for its year
Net assets by fiscal year
FY2020$297K
FY2021$426K
FY2022$386K
FY2023$464K
FY2024$515K
FY2025$493K

From the FY2020 Form 990 · see the original

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You’re viewing the FY2020 filing — not the latest on file. See the latest (FY2025) →

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025.

IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Where the money goes

93 cents of each dollar spent went to programs.

Program services 93% · $408K Management & general 7% · $30K

Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.

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Who runs it and what they're paid

9 people listed on the 990.

Part VII, Section A · reportable compensation
$0Pt VII · Sec A
Kris Ives
Vice Preside
$0Pt VII · Sec A
Lewis Kellin
Secry/Treasu
$0Pt VII · Sec A
Wayne Roskos
Past Preside
$0Pt VII · Sec A
Grant Prokop
Director
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
Brett Skyles
Director
$0Pt VII · Sec A
See Visit Grand Rapids INC executive salaries →

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Questions the 990 asks

The form asks each of these directly. These are the filed answers.

  • Family or business ties among officersPt VI · Ln 2Yes
  • Top official's pay set by an independent reviewPt VI · Ln 15aYes

Programs and updates

Promotes economic growth by developing travel and tourism in the Grand Rapids area.

Questions for Visit Grand Rapids INC

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Provided by the organization

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1 program · $408K · in their own filed words · FY2020
01

Visit grand rapids writes and coordinates the execution of a comprehensive tourism marketing plan to promote the community as a tourism, convention and business travel destination.

$408Kprogram expense

By the numbers

The FY2020 990, line by line.

Download 990
from philanthropy.org
1The main four
Money inPt VIII
$460K
Ln 12
Fees for servicesLn 2g$256K
Gifts and grantsLn 1h$200K
Investment incomeLn 3$5K
Money outPt IX
$437K
Ln 25
Programscol B$408K
Managementcol C$30K
Owns and owesPt X
$297K
net assets · Ln 32
Cash and savingsLn 1–2$158K
Total assetsLn 16$324K
LiabilitiesLn 26$27K
PeoplePt VI, VII
9
listed · VII A
PaidVII A0
Voting boardVI 1a9
IndependentVI 1b9
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$200K
Government grantsLn 1e$200K
Fees for servicesLn 2g$256K
Investment incomeLn 3$5K
Gains on assetsLn 7$129
Total revenueLn 12$460K
Assets in detailPt X, end of year
CashLn 1$158K
Cash and savings togetherLn 1–2$158K
InvestmentsLn 11–13$159K
Land, buildings, equipmentLn 10c$4K
Other assetsLn 15$2K
Total assetsLn 16$324K
LiabilitiesLn 26$27K
Net assetsLn 32$297K
OperationsPt I, VI
EmployeesI 50
VolunteersI 625
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13Yes
Records policyVI 14Yes
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY20End FY20
Cash and savingsLn 1–2$114K$158K
InvestmentsLn 11–13$155K$159K
Land, buildings, equipmentLn 10c$5K$4K
Total assetsLn 16$276K$324K
LiabilitiesLn 26$432$27K
Net assetsLn 32$275K$297K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Other salaries and wagesLn 7$88K$70K$18K
Pension plan contributionsLn 8$2K$2K$486
Payroll taxesLn 10$7K$5K$1K
Accounting feesLn 11c$4K$3K$799
Advertising and promotionLn 12$266K$266K
Office expensesLn 13$1K$1K$290
OccupancyLn 16$14K$11K$3K
Depreciation, depletion and amortizationLn 22$2K$2K
InsuranceLn 23$2K$1K$348
Other expenses (24a–d)Ln 24$39K$35K$4K
All other expensesLn 24e$12K$10K$2K
Total functional expensesLn 25$437K$408K$30K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest $478K$521K−$43K$493K 990 PDF
FY2024 $476K$443K$33K$515K 990 PDF
FY2023 $490K$431K$60K$464K 990 PDF
FY2022 $424K$453K−$29K$386K 990 PDF
FY2021 $494K$422K$72K$426K 990 PDF
FY2020 Viewing $460K$437K$23K$297K 990 PDF

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Schedules filed Part IV

III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
See the full FY2020 990 (6 parts)
Part I · Summary $460,253 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $7,950$199,590
I-9 Program service revenuePrior year $323,051$255,590
I-10 Investment incomePrior year $8,249$5,073
I-11 Other revenue$0
I-12 Total revenuePrior year $339,250$460,253
I-13 Grants and similar amounts paid$0
I-14 Benefits paid to members$0
I-15 Salaries and benefitsPrior year $110,129$96,934
I-16a Professional fundraising fees$0
I-17 Other expensesPrior year $193,161$340,175
I-18 Total expensesPrior year $303,290$437,109
I-19 Revenue less expensesPrior year $35,960$23,144
Part VI · Governance 9 of 9 board members independent, 1 to look at
VI-1a Voting members of the governing body9
VI-1b Independent voting members9
VI-2 Family or business relationship among officers or directorsYes
VI-12a Written conflict of interest policyYes
VI-13 Written whistleblower policyYes
VI-14 Document retention and destruction policyYes
VI-15a Process for setting top official's payYes
Part VIII · Statement of revenue $460,253 across 6 lines filed
VIII-1e Government grants$199,590
VIII-1h Total contributions, gifts and grants$199,590
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $255,590$255,590
VIII-3 Investment incomeExcluded from tax $4,944$4,944
VIII-7 Net gain or loss on sales of assetsRelated to mission $129$129
VIII-12 Total revenueRelated to mission $255,719 · Excluded from tax $4,944$460,253
Part IX · Statement of functional expenses $437,109 across 11 lines filed
IX-7 Other salaries and wagesPrograms $70,163 · Management $17,541$87,704
IX-8 Pension plan contributionsPrograms $1,945 · Management $486$2,431
IX-10 Payroll taxesPrograms $5,439 · Management $1,360$6,799
IX-11c Accounting feesPrograms $3,196 · Management $799$3,995
IX-12 Advertising and promotionPrograms $266,500$266,500
IX-13 Office expensesPrograms $1,158 · Management $290$1,448
IX-16 OccupancyPrograms $10,970 · Management $2,743$13,713
IX-22 Depreciation, depletion and amortizationPrograms $1,674$1,674
IX-23 InsurancePrograms $1,393 · Management $348$1,741
IX-24 Other expenses (24a–d)Programs $35,128 · Management $4,108$39,236
IX-24e All other expensesPrograms $9,943 · Management $1,925$11,868
IX-25 Total functional expensesPrograms $407,509 · Management $29,600 · Fundraising $0$437,109
Part X · Balance sheet $324,371 assets, 11 lines filed
X-1 Cash, non-interest-bearingStart of year $114,345$158,181
X-10c Land, buildings and equipment, netStart of year $4,827$4,462
X-11 Publicly traded securitiesStart of year $155,398$159,466
X-15 Other assetsStart of year $1,100$2,262
X-16 Total assetsStart of year $275,670$324,371
X-17 Accounts payable and accrued expensesStart of year $432$1,995
X-24 Unsecured notes and loans payable$25,000
X-26 Total liabilitiesStart of year $432$26,995
X-27 Net assets without donor restrictionsStart of year $275,238$297,376
X-32 Total net assets or fund balancesStart of year $275,238$297,376
X-33 Total liabilities and net assetsStart of year $275,670$324,371
Part XI · Reconciliation of net assets $297,376 net assets at year end
XI-1 Total revenue$460,253
XI-2 Total expenses$437,109
XI-3 Revenue less expenses$23,144
XI-4 Net assets at start of year$275,238
XI-5 Net unrealized gains (losses) on investments−$1,006
XI-10 Net assets at end of year$297,376

Form 990 e-file (XML) FY2020 from the IRS · Classification, formation year and address from the IRS Business Master File

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