Experience Maple Grove EIN 87-4205360 Form 990 (PDF) Claim this org

Experience Maple Grove FY2022 filing

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Promotes Maple Grove, Minnesota as a destination for business and leisure travel. For fiscal year 2022 it reported $701K in revenue, $233K in expenses, and $467K in net assets.Pt I

Type
Business league / trade association · Community Development
Location
Maple Grove, MN
Website
www.experiencemaplegrove.com
Filings
3 on file (2022–2022)
Revenue
$701KFY2022
Expenses
$233K
Net assets
$467K
People
13
Filings
3
Updates
0
More identity details & actions ⌄
EIN  87-4205360 Business league / trade association Maple Grove, MN
Form 990 (PDF)
You’re viewing the FY2022 filing — not the latest on file. See the latest (FY2024) →
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Size
$1–10M
What they do
Promotes Maple Grove, Minnesota as a destination for business and leisure travel.
Leadership
Aj Stevens · Board Chair
Money in and out
$701K revenue, $233K expenses
Bottom line
+67% operating surplus
Membership & operating revenue · FY2022
Total revenue
$701K
Pt VIII · Ln 12
Total expenses
$233K
Pt IX · Ln 25
Net assets
$467K
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): $467K
Where spending went · Part IX cols B–D
Program services $1.00
Operating surplus
+67%
revenue over expenses
Earned revenue
100%
of revenue from program services & dues
Payroll share
39%
of spending is salaries & benefits

Summary of the Filing

Part I · fiscal year 2022 · Form 990
Revenue
$701K
FY2022
Expenses
$233K
FY2022
Total assets
$475K
FY2022
Total liabilities
$8K
FY2022
Total revenue
$701K
Pt VIII · Ln 12
Total expenses
$233K
Pt IX · Ln 25
Net assets
$467K
Pt X · Ln 32
Revenue less expensesPt I · Ln 19$467K
Total assetsPt X · Ln 16$475K
Program-expense ratioPt IX · col B100%
Voting members of governing bodyPt I · Ln 313
Independent voting membersPt I · Ln 413

Identity & Classification

Form 990 Header · IRS Business Master File
Legal nameHdr · item CExperience Maple Grove
EINHdr · item D87-4205360
Principal addressHdr · item CMaple Grove, MN
WebsiteHdr · item Jwww.experiencemaplegrove.com
Year of formationHdr · item Lpending
State of legal domicileHdr · item MMN
Exempt statusHdr · item I501(c)(6) · active
NTEE classificationIRS BMFCommunity Development (S41)
Ruling yearIRS BMFMay 2022

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1a13
Independent voting membersPt VI · Ln 1b13
Conflict-of-interest policyPt VI · Ln 12aYes
Whistleblower policyPt VI · Ln 13No
Document retention policyPt VI · Ln 14No
CEO/top-official compensation independently reviewedPt VI · Ln 15aNo
Family or business relationships among officers/directorsPt VI · Ln 2No

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation
Board Chair
$0Pt VII · Sec A
Board Vice Chair
$0Pt VII · Sec A
Board Secretary
$0Pt VII · Sec A
Board Treasurer
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
See Experience Maple Grove executive salaries →

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Mission & Programs · Part III

Where the work happens

1 program service account for $233K of program spending, described in the organization's own filed words · FY2022.
01

Experience maple grove was founded in 2022. We're the official destination marketing organization for the city of maple grove, minnesota. We're a city for business and leisure travelers as well as residents, defining maple grove as a premier destination offering year round blends of attractions, nested among parks and green spaces.

$233Kprogram expense

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Statement of Revenue

Part VIII
Program service revenue100%$700K
Investment income$317
Total revenueLn 12$701K

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $1.00
Program services100%$233K
Total functional expensesLn 25$233K

Balance Sheet

Part X · end of year
CashLn 1$471K
Total assetsLn 16$475K
Total liabilitiesLn 26$8K
Total net assetsLn 32$467K
Months of cash on handcomputed24.2

Financial Metrics

Form 990 · FY2022 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $471K · Operating expenses/yr $233K
24.2 months
Where the money goes
Program services
Program services $233K · Total expenses $233K
100%
Management & General
Management & general $0 · Total expenses $233K
0%
Fundraising
Fundraising $0 · Total expenses $233K
0%
Cost to raise $1
Fundraising expense $0 · Solicited contributions $0
Solicited contributions below reporting floor
Where the money comes from
Contribution dependence
Contributions & grants $0 · Total revenue $701K
0%
Government reliance
Government grants — · Total revenue $701K
Earned-income share
Program service revenue $700K · Total revenue $701K
100%
Investment reliance
Investment income $317 · Total revenue $701K
+0.05%
Program self-sufficiency
Program service revenue $700K · Total expenses $233K
300%
Growth & trend
Revenue growth (YoY)
This year $701K · Prior year —
No prior year on file
Net-asset trend (YoY)
End of year $467K · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $701K · Expenses $233K
+67%
Liabilities-to-Assets
Total liabilities — · Total assets $475K
Net-asset ratio
Net assets $467K · Total assets $475K
98%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) — · Other securities (Pt X, ln 12) — · Total assets (Pt X, ln 16) $475K
Excludes program-related investments (Pt X, ln 13)
People & payroll
Highest Reported Total Compensation
Individual Aj Stevens · Reported title BOARD CHAIR · Highest reported compensation $0 · Total expenses $233K
0%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) $91K · Total expenses $233K
39%
Peer comparison

Same NTEE category, revenue band, and state where available. Descriptive — not a grade.

MetricThis orgPeer medianPercentile
Program ratio 100%
Overhead ratio 0%
Legal fee ratio 0.8%
Accounting fee ratio 4%

Straight from the Form 990 — descriptive, not an evaluation. A ratio is hidden when its base is zero or too small to be meaningful; the dollars are always shown.

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Filings & Schedule Manifest

Part IV
III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
FY2024 (Latest)$1.1M revenue · ⤓ 990 PDF
FY2023$936K revenue · ⤓ 990 PDF
FY2022$701K revenue · viewing · ⤓ 990 PDF

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Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2022IRS
Classification, formation year, addressIRS Business Master File
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