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Visit Grand Rapids INC FY2021 filing

Cohasset, MNUnknown exempt organizationSince 1983 EIN 41-1458087Revenue $494K in FY2021

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

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FY2021 · 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
7 mo
of spending, in cash
Looks good: 7.4 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$28K
6% of total assets
Looks good: liabilities are 6% 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
$494K
+7% vs prior year
Spent
$422K
To programs
93%
Net assets
$426K
By yearFY2020–FY2025
Revenue
$494K
FY2021▲ +7%
Tap a bar for its year
Revenue by fiscal year
FY2020$460K
FY2021$494K
FY2022$424K
FY2023$490K
FY2024$476K
FY2025$478K
Expenses
$422K
FY2021▼ -3%
Tap a bar for its year
Expenses by fiscal year
FY2020$437K
FY2021$422K
FY2022$453K
FY2023$431K
FY2024$443K
FY2025$521K
Net assets
$426K
FY2021▲ +43%
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 FY2021 Form 990 · see the original

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You’re viewing the FY2021 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% · $391K Management & general 7% · $31K

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

Something off? Claim to add context

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 →

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

Tap to ask. Visit Grand Rapids INC sees how many people are interested.

Your first name shows with your question. Visit Grand Rapids INC answers here, for everyone.

1 program · $391K · in their own filed words · FY2021
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.

$391Kprogram expense

By the numbers

The FY2021 990, line by line.

Download 990
from philanthropy.org
1The main four
Money inPt VIII
$494K
Ln 12
Fees for servicesLn 2g$494K
Money outPt IX
$422K
Ln 25
Programscol B$391K
Managementcol C$31K
Owns and owesPt X
$426K
net assets · Ln 32
Cash and savingsLn 1–2$260K
Total assetsLn 16$454K
LiabilitiesLn 26$28K
PeoplePt VI, VII
9
listed · VII A
PaidVII A0
Voting boardVI 1a9
IndependentVI 1b9
2In more detail
Revenue in detailPt VIII
Fees for servicesLn 2g$494K
Total revenueLn 12$494K
Assets in detailPt X, end of year
CashLn 1$260K
Cash and savings togetherLn 1–2$260K
InvestmentsLn 11–13$187K
Land, buildings, equipmentLn 10c$4K
Other assetsLn 15$2K
Total assetsLn 16$454K
LiabilitiesLn 26$28K
Net assetsLn 32$426K
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 FY21End FY21
Cash and savingsLn 1–2$158K$260K
InvestmentsLn 11–13$159K$187K
Land, buildings, equipmentLn 10c$4K$4K
Total assetsLn 16$324K$454K
LiabilitiesLn 26$27K$28K
Net assetsLn 32$297K$426K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Other salaries and wagesLn 7$108K$86K$22K
Pension plan contributionsLn 8$3K$2K$573
Payroll taxesLn 10$8K$7K$2K
Accounting feesLn 11c$6K$6K
Advertising and promotionLn 12$246K$246K
Office expensesLn 13$2K$2K$471
OccupancyLn 16$11K$9K$2K
Depreciation, depletion and amortizationLn 22$1K$1K
InsuranceLn 23$2K$2K$377
Other expenses (24a–d)Ln 24$24K$22K$1K
All other expensesLn 24e$12K$8K$3K
Total functional expensesLn 25$422K$391K$31K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest $478K$521K−$43K$493K 990 PDF
FY2024Filed with the IRS Mar 5, 2025 $476K$443K$33K$515K 990 PDF
FY2023Filed with the IRS Jun 19, 2024 $490K$431K$60K$464K 990 PDF
FY2022Filed with the IRS Jul 20, 2023 $424K$453K−$29K$386K 990 PDF
FY2021 ViewingFiled with the IRS Jun 28, 2022 $494K$422K$72K$426K 990 PDF
FY2020Filed with the IRS Aug 2, 2021 $460K$437K$23K$297K 990 PDF

Schedules filed Part IV

III · Programs R · Related orgs G · Fundraising L · Interested persons I · Grants O · Explanations
See the full FY2021 990 (6 parts)
Part I · Summary $494,084 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $199,590$0
I-9 Program service revenuePrior year $255,590$494,084
I-10 Investment incomePrior year $5,073$0
I-11 Other revenue$0
I-12 Total revenuePrior year $460,253$494,084
I-13 Grants and similar amounts paid$0
I-14 Benefits paid to members$0
I-15 Salaries and benefitsPrior year $96,934$118,930
I-16a Professional fundraising fees$0
I-17 Other expensesPrior year $340,175$303,253
I-18 Total expensesPrior year $437,109$422,183
I-19 Revenue less expensesPrior year $23,144$71,901
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 $494,084 across 2 lines filed
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $494,084$494,084
VIII-12 Total revenueRelated to mission $494,084$494,084
Part IX · Statement of functional expenses $422,183 across 11 lines filed
IX-7 Other salaries and wagesPrograms $86,145 · Management $21,536$107,681
IX-8 Pension plan contributionsPrograms $2,294 · Management $573$2,867
IX-10 Payroll taxesPrograms $6,706 · Management $1,676$8,382
IX-11c Accounting feesPrograms $6,108$6,108
IX-12 Advertising and promotionPrograms $245,668$245,668
IX-13 Office expensesPrograms $1,884 · Management $471$2,355
IX-16 OccupancyPrograms $8,770 · Management $2,193$10,963
IX-22 Depreciation, depletion and amortizationPrograms $1,197$1,197
IX-23 InsurancePrograms $1,506 · Management $377$1,883
IX-24 Other expenses (24a–d)Programs $22,324 · Management $1,241$23,565
IX-24e All other expensesPrograms $8,386 · Management $3,128$11,514
IX-25 Total functional expensesPrograms $390,988 · Management $31,195 · Fundraising $0$422,183
Part X · Balance sheet $453,539 assets, 11 lines filed
X-1 Cash, non-interest-bearingStart of year $158,181$260,030
X-10c Land, buildings and equipment, netStart of year $4,462$4,098
X-11 Publicly traded securitiesStart of year $159,466$187,113
X-15 Other assetsStart of year $2,262$2,298
X-16 Total assetsStart of year $324,371$453,539
X-17 Accounts payable and accrued expensesStart of year $1,995$6,767
X-24 Unsecured notes and loans payableStart of year $25,000$20,833
X-26 Total liabilitiesStart of year $26,995$27,600
X-27 Net assets without donor restrictionsStart of year $297,376$425,939
X-32 Total net assets or fund balancesStart of year $297,376$425,939
X-33 Total liabilities and net assetsStart of year $324,371$453,539
Part XI · Reconciliation of net assets $425,939 net assets at year end
XI-1 Total revenue$494,084
XI-2 Total expenses$422,183
XI-3 Revenue less expenses$71,901
XI-4 Net assets at start of year$297,376
XI-5 Net unrealized gains (losses) on investments$27,648
XI-8 Prior period adjustments−$40
XI-9 Other changes in net assets$29,054
XI-10 Net assets at end of year$425,939

Form 990 e-file (XML) FY2021 from the IRS · Classification, formation year and address from the IRS Business Master File

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