Visit Grand Rapids INC FY2023 filing

Cohasset, MNUnknown exempt organizationSince 1983 EIN 41-1458087Revenue $490K in FY2023

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

Claim this org

(tell your story, add context, and more)

What claiming does How does your 990 look to donors? Take the 10-Question Audit

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

98¢ of each $1 spent went to programs.
Mission: Form 990 Part I, line 1 · Programs: Part IX

Before you give

FY2023 · 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
98%
of spending
Looks good: 98% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
8 mo
of spending, in cash
Looks good: 7.8 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$11K
2% of total assets
Looks good: liabilities are 2% of assets; 50% or less.
Pt X · Ln 26
Independent board members
0
of 9 voting members
Concern: none of 9 voting members are independent.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$490K
+16% vs prior year
Spent
$431K
To programs
98%
Net assets
$464K
By yearFY2020–FY2025
Revenue
$490K
FY2023▲ +16%
Tap a bar for its year
Revenue by fiscal year
FY2020$460K
FY2021$494K
FY2022$424K
FY2023$490K
FY2024$476K
FY2025$478K
Expenses
$431K
FY2023▼ -5%
Tap a bar for its year
Expenses by fiscal year
FY2020$437K
FY2021$422K
FY2022$453K
FY2023$431K
FY2024$443K
FY2025$521K
Net assets
$464K
FY2023▲ +20%
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 FY2023 Form 990 · see the original

Give Claim
You’re viewing the FY2023 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

98 cents of each dollar spent went to programs.

Program services 98% · $421K Management & general 2% · $10K

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
Board Member
$0Pt VII · Sec A
Past-President
$0Pt VII · Sec A
President
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Vice President
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Borad Member
$0Pt VII · Sec A
See Visit Grand Rapids INC executive salaries →

On this list? Claim this org

Something off? Claim to add context

Questions the 990 asks

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

  • Family or business ties among officersPt VI · Ln 2No
  • Top official's pay set by an independent reviewPt VI · Ln 15aNo

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.

Provided by the organization

Know this org? Add your story

1 program · in their own filed words · FY2023
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.

Pt IX · col B

By the numbers

The FY2023 990, line by line.

1The main four
Money inPt VIII
$490K
Ln 12
Fees for servicesLn 2g$471K
Gifts and grantsLn 1h$19K
Investment incomeLn 3$112
Money outPt IX
$431K
Ln 25
Programscol B$421K
Managementcol C$10K
Owns and owesPt X
$464K
net assets · Ln 32
Cash and savingsLn 1–2$281K
Total assetsLn 16$475K
LiabilitiesLn 26$11K
PeoplePt VI, VII
9
listed · VII A
PaidVII A0
Voting boardVI 1a9
IndependentVI 1b0
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$19K
Fees for servicesLn 2g$471K
Investment incomeLn 3$112
Gains on assetsLn 7$0
Total revenueLn 12$490K
Assets in detailPt X, end of year
CashLn 1$281K
SavingsLn 2$0
Cash and savings togetherLn 1–2$281K
InvestmentsLn 11–13$194K
Land, buildings, equipmentLn 10c$0
Other assetsLn 15$0
Total assetsLn 16$475K
LiabilitiesLn 26$11K
Net assetsLn 32$464K
OperationsPt I, VI
EmployeesI 50
VolunteersI 625
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aNo
Whistleblower policyVI 13No
Records policyVI 14No
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY23End FY23
Cash and savingsLn 1–2$226K$281K
InvestmentsLn 11–13$175K$194K
Land, buildings, equipmentLn 10c$0
Total assetsLn 16$403K$475K
LiabilitiesLn 26$17K$11K
Net assetsLn 32$386K$464K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$0
Grants to domestic individualsLn 2$0
Grants and assistance to foreign recipientsLn 3$0
Benefits paid to or for membersLn 4$0
Pay of current officers, directors and key staffLn 5$0
Pay of disqualified personsLn 6$0
Other salaries and wagesLn 7$27K$22K$5K
Pension plan contributionsLn 8$0
Other employee benefitsLn 9$0
Payroll taxesLn 10$0
Management feesLn 11a$0
Legal feesLn 11b$125$100$25
Accounting feesLn 11c$7K$6K$1K
Lobbying feesLn 11d$0
Professional fundraising feesLn 11e$0
Investment management feesLn 11f$0
Other fees for servicesLn 11g$0
Advertising and promotionLn 12$368K$368K
Office expensesLn 13$0
Information technologyLn 14$0
RoyaltiesLn 15$0
OccupancyLn 16$975$780$195
TravelLn 17$0
Travel and entertainment for public officialsLn 18$0
Conferences, conventions and meetingsLn 19$0
InterestLn 20$0
Payments to affiliatesLn 21$0
Depreciation, depletion and amortizationLn 22$0
InsuranceLn 23$1K$939$235
Other expenses (24a–d)Ln 24$22K$20K$2K
All other expensesLn 24e$4K$3K$707
Total functional expensesLn 25$431K$421K$10K$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 Viewing $490K$431K$60K$464K 990 PDF
FY2022 $424K$453K−$29K$386K 990 PDF
FY2021 $494K$422K$72K$426K 990 PDF
FY2020 $460K$437K$23K$297K 990 PDF

More to add? Claim this org

Schedules filed Part IV

III · Programs R · Related orgs G · Fundraising L · Interested persons I · Grants O · Explanations
See the full FY2023 990 (6 parts)
Part I · Summary $490,484 revenue, 12 lines filed
I-8 Contributions and grants$19,350
I-9 Program service revenuePrior year $427,990$471,022
I-10 Investment incomePrior year −$4,093$112
I-11 Other revenue$0
I-12 Total revenuePrior year $423,897$490,484
I-13 Grants and similar amounts paid$0
I-14 Benefits paid to members$0
I-15 Salaries and benefitsPrior year $108,102$27,083
I-16a Professional fundraising fees$0
I-17 Other expensesPrior year $344,408$403,462
I-18 Total expensesPrior year $452,510$430,545
I-19 Revenue less expensesPrior year −$28,613$59,939
Part VI · Governance 0 of 9 board members independent, 4 to look at
VI-1a Voting members of the governing body9
VI-1b Independent voting members0
VI-12a Written conflict of interest policyNo
VI-13 Written whistleblower policyNo
VI-14 Document retention and destruction policyNo
VI-15a Process for setting top official's payNo
VI-2 Family or business relationship among officers or directorsNo
Part VIII · Statement of revenue $490,484 across 9 lines filed
VIII-1f All other contributions, gifts and grants$19,350
VIII-1h Total contributions, gifts and grants$19,350
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $471,022$471,022
VIII-3 Investment incomeExcluded from tax $112$112
VIII-5 Royalties$0
VIII-6 Net rental income or loss$0
VIII-7 Net gain or loss on sales of assets$0
VIII-8 Net income from fundraising events$0
VIII-12 Total revenueRelated to mission $471,022 · Excluded from tax $112$490,484
Part IX · Statement of functional expenses $430,545 across 31 lines filed
IX-1 Grants to domestic organizations$0
IX-2 Grants to domestic individuals$0
IX-3 Grants and assistance to foreign recipients$0
IX-4 Benefits paid to or for members$0
IX-5 Pay of current officers, directors and key staff$0
IX-6 Pay of disqualified persons$0
IX-7 Other salaries and wagesPrograms $21,666 · Management $5,417$27,083
IX-8 Pension plan contributions$0
IX-9 Other employee benefits$0
IX-10 Payroll taxes$0
IX-11a Management fees$0
IX-11b Legal feesPrograms $100 · Management $25$125
IX-11c Accounting feesPrograms $5,966 · Management $1,491$7,457
IX-11d Lobbying fees$0
IX-11f Investment management fees$0
IX-12 Advertising and promotionPrograms $368,241$368,241
IX-13 Office expenses$0
IX-14 Information technology$0
IX-15 Royalties$0
IX-16 OccupancyPrograms $780 · Management $195$975
IX-17 Travel$0
IX-18 Travel and entertainment for public officials$0
IX-19 Conferences, conventions and meetings$0
IX-20 Interest$0
IX-21 Payments to affiliates$0
IX-22 Depreciation, depletion and amortization$0
IX-23 InsurancePrograms $939 · Management $235$1,174
IX-24 Other expenses (24a–d)Programs $20,271 · Management $1,682$21,953
IX-24e All other expensesPrograms $2,830 · Management $707$3,537
IX-25 Total functional expensesPrograms $420,793 · Management $9,752 · Fundraising $0$430,545
Part X · Balance sheet $474,669 assets, 17 lines filed
X-1 Cash, non-interest-bearingStart of year $226,262$280,986
X-2 Savings and temporary cash investments$0
X-3 Pledges and grants receivable$0
X-4 Accounts receivable$0
X-8 Inventories for sale or use$0
X-9 Prepaid expenses and deferred charges$0
X-10c Land, buildings and equipment, net$0
X-11 Publicly traded securitiesStart of year $175,414$193,683
X-12 Other securities$0
X-13 Program-related investments$0
X-14 Intangible assets$0
X-15 Other assetsStart of year $1,372$0
X-16 Total assetsStart of year $403,048$474,669
X-24 Unsecured notes and loans payableStart of year $15,834$10,833
X-26 Total liabilitiesStart of year $17,420$10,833
X-32 Total net assets or fund balancesStart of year $385,628$463,836
X-33 Total liabilities and net assetsStart of year $403,048$474,669
Part XI · Reconciliation of net assets $463,836 net assets at year end
XI-1 Total revenue$490,484
XI-2 Total expenses$430,545
XI-3 Revenue less expenses$59,939
XI-4 Net assets at start of year$385,628
XI-5 Net unrealized gains (losses) on investments$18,269
XI-10 Net assets at end of year$463,836

Form 990 e-file (XML) FY2023 from the IRS · Classification, formation year and address from the IRS Business Master File

Similar organizations you could support · Compare with another nonprofit

Names, privacy, and removal requests More

The names, titles, and compensation shown on this page are reproduced from IRS Form 990 filings, which are public records.

Philanthropy.org does not alter the content of those filings. All information appears exactly as reported by the filing organization for the tax year shown.

We publish only information contained in the public IRS filing — and less than the filing contains. Our profile pages do not display street addresses, telephone numbers, personal email addresses, or other personal contact information, even where the filing includes them.

Many people share the same name. A name shown on this page reflects only what one organization reported in one IRS filing for one tax year. It should not be interpreted as identifying any other individual with the same or a similar name.

If you are no longer affiliated with the organization, your name will generally stop appearing in future IRS filings once the organization no longer reports you. Pages for tax years in which you were reported remain published because those filings remain part of the public record.

Philanthropy.org does not alter or remove IRS filing records. Removing a page from this website would not remove the underlying IRS filing, which remains publicly available from the IRS and other publishers of the same information.

If you believe the IRS filing itself is inaccurate, corrections must be made by the filing organization or the IRS directly.

Your org? Add context

Made it to the end? Claim this org

All figures are derived from public IRS Form 990 filings and are presented without evaluation of any organization. philanthropy.org does not rate, score, or rank organizations, including the pay comparisons above.