Experience Maple Grove EIN 87-4205360

Experience Maple Grove FY2023 filing

EIN  87-4205360 Business league / trade association Maple Grove, MN
Form 990 (PDF)
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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 Member
Money in and out
$936K revenue, $614K expenses
Bottom line
+34% operating surplus

Promotes Maple Grove, Minnesota as a destination for business and leisure travel. For fiscal year 2023 it reported $936K in revenue, $614K in expenses, and $790K in net assets.Pt I

Membership & operating revenue · FY2023
Total revenue
$936K
Pt VIII · Ln 12
Total expenses
$614K
Pt IX · Ln 25
Net assets
$790K
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): $323K
Where spending went · Part IX cols B–D
Program services $1.00
Operating surplus
+34%
revenue over expenses
Earned revenue
100%
of revenue from program services & dues
Payroll share
46%
of spending is salaries & benefits

Summary of the Filing

Part I · fiscal year 2023 · Form 990
Revenue
$936K
FY2023▲ +34%
Expenses
$614K
FY2023▲ +163%
Total assets
$805K
FY2023▲ +70%
Total liabilities
$15K
FY2023▲ +94%
Total revenue
$936K
Pt VIII · Ln 12
Total expenses
$614K
Pt IX · Ln 25
Net assets
$790K
Pt X · Ln 32
Revenue less expensesPt I · Ln 19$323K
Total assetsPt X · Ln 16$805K
Program-expense ratioPt IX · col B100%
Voting members of governing bodyPt I · Ln 313
Independent voting membersPt I · Ln 413
Mission & Programs · Part III

Where the work happens

1 program service account for $614K of program spending, described in the organization's own filed words · FY2023.
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.

$614Kprogram expense

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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 Member
$0Pt VII · Sec A
Board Chair
$0Pt VII · Sec A
Board Vice Chair
$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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Statement of Revenue

Part VIII
Program service revenue100%$934K
Investment income$3K
Total revenueLn 12$936K

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $1.00
Program services100%$614K
Total functional expensesLn 25$614K

Balance Sheet

Part X · end of year
CashLn 1$298K
Total assetsLn 16$805K
Total liabilitiesLn 26$15K
Total net assetsLn 32$790K
Months of cash on handcomputed5.8

Financial Metrics

Form 990 · FY2023 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $749K · Operating expenses/yr $614K
14.6 months
Where the money goes
Program services
Program services $614K · Total expenses $614K
100%
Management & General
Management & general $0 · Total expenses $614K
0%
Fundraising
Fundraising $0 · Total expenses $614K
0%
Cost to raise $1
Fundraising expense (2-yr avg) $0 · Solicited contributions (2-yr avg) $0
Solicited contributions below reporting floor
Where the money comes from
Contribution dependence
Contributions & grants $0 · Total revenue $936K
0%
Government reliance
Government grants — · Total revenue $936K
Earned-income share
Program service revenue $934K · Total revenue $936K
100%
Investment reliance
Investment income $3K · Total revenue $936K
0%
Program self-sufficiency
Program service revenue $934K · Total expenses $614K
152%
Growth & trend
Revenue growth (YoY)
This year $936K · Prior year $701K
+34%
Net-asset trend (YoY)
End of year $790K · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $936K · Expenses $614K
+34%
Liabilities-to-Assets
Total liabilities — · Total assets $805K
Net-asset ratio
Net assets $790K · Total assets $805K
98%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) — · Other securities (Pt X, ln 12) $450K · Total assets (Pt X, ln 16) $805K
56%
People & payroll
Highest Reported Total Compensation
Individual Aj Stevens · Reported title BOARD MEMBER · Highest reported compensation $0 · Total expenses $614K
0%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) $280K · Total expenses $614K
46%
Peer comparison

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

MetricThis orgPeer medianPercentile
Program ratio 100%
Overhead ratio 0%
Revenue growth 34%
Accounting fee ratio 5%

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 · viewing · ⤓ 990 PDF
FY2022$701K revenue · ⤓ 990 PDF

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Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2023IRS
Classification, formation year, addressIRS Business Master File
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