2023-09-13T11:13:54-04:00 2022-12-31 411737358 BURKHARDT & BURKHARDT LTD 35 OAK AVE N BOX N ANNANDALE MN 553020139 990 2022-01-01 411446548 GREATER MANKATO GROWTH INC GREA 5073856645 3 CIVIC CENTER PLAZA SUITE 100 MANKATO MN 56001 JESSICA BEYER PRESIDENT AND CEO 5073856640 2023-09-11 true JESSICA BEYER 999009999 true JEFFREY BURKHARDT P00037277 3202741040 2023-09-13 2022 2023-04-26 12:10:37Z JESSICA BEYER 3 CIVIC CENTER PLAZA SUITE 100 MANKATO MN 56001 2968157 false X WWW.GREATERMANKATO.COM X 1982 MN SEE PAGE 2, PART III LINE 1 25 25 23 905 0 1338942 1087680 1361462 1680262 55515 25109 9108 11119 2765027 2804170 0 0 1142943 1364977 0 8053 959325 1221382 2102268 2586359 662759 217811 3333908 4430828 634946 1644949 2698962 2785879 X GREATER MANKATO GROWTH EXISTS TO INTENTIONALLY DEVELOP THE REGIONAL CENTER BY PROMOTING, SUPPORTING AND SERVING AS A CATALYST FOR ECONOMIC DEVELOPMENT THROUGH BUSINESS GROWTH, RETENTION AND ATTRACTION, TALENT GROWTH RETENTION AND ATTRACTION, REGIONAL LIVABILITY AND ADVOCACY OF THE MARKETPLACE. GREATER MANKATO GROWTH, INC. INCLUDES THREE LLC'S: VISIT MANKATO, LLC WHICH FOCUSES ON VISITOR ATTRACTION AND SERVICING, THE CITY CENTER PARTNERSHIP, LLC, WHICH FOCUSES ON DEVELOPMENT IN THE CITY CENTER, AND GREENSEAM, LLC WHICH FOCUSES ON DEVELOPMENT OF EXISTING AG BUSINESS ACROSS SOUTHERN MINNESOTA - NORTHERN IOWA TO BE THE PREMIER AG BUSINESS EPICENTER IN THE UNITED STATES. false false BUSINESS DEVELOPMENT --THE 2022 BUSINESS AWARDS AND HALL OF FAME SOLD OUT. 440 PARTICIPANTS AND 16 AWARDS WERE PRESENTED BETWEEN OUR FOUR BUSINESS UNITS. --WORKED ON OVER 60 PROJECTS SEEKING TO ENTER OR EXPAND IN GREATER MN. --RAN 2 TALENT RECRUITMENT CAMPAIGNS TOTALING 19,300 IMPRESSIONS. --VISIT MANKATO HOSTED COLLEAGUES FROM MN FOR THE ANNUAL EDUCATION SUMMIT WITH 50 IN PERSON AND 15 ATTENDEES. --GREENSEAM PRESENTED AT THE MN AG EXPO, FARMFEST, MN PORK CONGRESS, AND MN CHAMBER OF COMMERCE ANNUAL MEETINGS. --CITY CENTER PARTNERSHIP'S BONUS GIFT CARD PROGRAM SAW 38,000 IN RECEIPTS TURNED IN FOR BONUS GIFT CARDS EQUATING TO 5 IN ADDITIONAL SPENDING FOR EVERY 1 CCP INVESTED. --GREATER MANKATO HOSTED THE 2022 ANNUAL MEETING, 219 PEOPLE ATTENDED IN PERSON AND EVENT WAS HELD ON ZOOM. --56 SPORTS, 15 CONFERENCES AND 9 LEASER EVENTS BROUGHT 10.8 MILLION TO THE REGION. --MANKATO MARATHON HOSTED +3,100 RUNNERS FROM 32 STATES WITH AN ECONOMIC IMPACT OF 1.85 MILLION. --GREATER MANKATO GOLF TOURNAMENT GATHERED 155 GOLFERS AND 37 SPONSORS FOR BUSINESS CONNECTIONS AND NETWORKING. --SENIOR GAMES HOSED 522 PARTICIPANTS FROM 26 STATES WITH AN ESTIMATED ECONOMIC IMPACT OF 478,589 --280 ATTENDEES JOINED GREENSEAM'S CELEBRATION OF AG EVENT. --E-NEWS SUBSCRIBERS INCREASED 116%, FACEBOOK LIKES INCREASED 18% AND INSTAGRAM FOLLOWERS INCREASED 24% ORGANIZATIONAL --4TH LARGEST CHAMBER OF COMMERCE IN MN --909 MEMBERS, 74 NEW MEMBERS --31 VOLUNTEERS WITH GREATER MANKATO CAVALIERS --87 AMBASSADORS' VISITS FOR NEW BUSINESSES IN THE GREATER MANKATO AREA ADVOCACY & VISIBILITY --VISIT MANKATO LEADERSHIP TESTIFIED AT SENATE HEARINGS IN SUPPORT OF EXPLORE MN TOURISM 6M FUNDING REQUEST FOR RECOVERY PROGRAMS --WORKED WITH CONGRESSIONAL DELEGATION TO INTRODUCED LEGISLATION THAT WOULD EXPAND THE OPPORTUNITY ZONES PROGRAM NATIONWIDE. --CELEBRATED THE RIBBON CUTTING ON NEW HIGHWAY 14 SECTION BETWEEN OWATONNA AND DODGE CENTER, AFTER YEARS OF ADVOCACY FOR ITS COMPLETION. --GREENSEAM PUBLISHED THE 2022 STATE OF AG SURVEY REPORT, FOCUSING ON THE STATE OF AGRICULTURE IN OUR REGION. LIVABILITY --31 NEW SCULPTURES WERE INSTALLED ON THE 10TH ANNIVERSARY OF WALKING SCULPTURE TOUR --CITY CENTER PARTNERSHIP HOSTED 3 INSTALLMENTS OF THE FREE CONCERT SERIES ALIVE AFTER 5 --HOSTED 4 INSTALLMENTS OF SONGS ON THE LAWN, ALSO A FREE CONCERT SERIES. --28 BUSINESSES PARTICIPATED IN ADOPT A PLANTER PROGRAM. --24 BUSINESSES PARTICIPATED IN THE LET IT GLOW CAMPAIGN IN 2022. TALENT --170 MEMBERS INVOLVED IN YOUNG PROFESSIONALS WITH 56 NEW MEMBERS. --GREENSEAM HELPED MANKATO AREA SCHOOLS SECURE FUNDING TO HIRE A NEW AG TEACHER WHICH ALLOWED +400 STUDENTS TO GO THROUGH THE AG PROGRAM IN 2022. --20 PARTICIPANTS GRADUATED FROM LEADERSHIP INSTITUTE IN AUG 2022. --16 BUSINESS AND NON-PROFIT LEADERS PARTICIPATED IN THE EXECUTIVE SOUNDING BOARD PROGRAM. --PILOTED AND LAUNCHED THE PROFESSIONAL DEVELOPMENT SERIES. false false false true false false false false false true false false false true false false true false false false false false false false false false false false true false false false false false false true false false false true true true false false true 36 0 23 true false false false false false false false false X 25 25 false false false false true true true true true false false true true true true true true true true false X JESSICA BEYER 5073856645 3 CIVIC CENTER PLAZA SUITE 100 MANKATO MN 56001 DAVID KRAUSE CHAIR 2.50 X 0 0 0 DAVID KIM VICE-CHAIR 2.50 X 0 0 0 BEN ELLINGSON TREASURER/SE 2.50 5.00 X 0 0 0 JESSICA BEYER PRESIDENT AN 40.00 5.00 X 169772 0 3383 ANNETTE PARKER BOARD MEMBER 1.00 X 0 0 0 STEPHANIE DRAGO BOARD MEMBER 1.00 X 0 0 0 JENNIFER SPAUDE BOARD MEMBER 1.00 X 0 0 0 NAJWA MASSAD BOARD MEMBER 1.00 X 0 0 0 DR CUONG HUYNH BOARD MEMBER 1.00 X 0 0 0 JO GUCK BAILEY BOARD MEMBER 1.00 X 0 0 0 LIZ ULMAN BOARD MEMBER 1.00 X 0 0 0 WESLEY OTTO BOARD MEMBER 1.00 X 0 0 0 DR MARK DEHEN BOARD MEMBER 1.00 X 0 0 0 TRISHA DUNCAN BOARD MEMBER 1.00 X 0 0 0 LISA COWNIE BOARD MEMBER 1.00 X 0 0 0 DR PAUL PETERSON BOARD MEMBER 1.00 X 0 0 0 GARY KOCH BOARD MEMBER 1.00 X 0 0 0 DR JAMES HEBL MD BOARD MEMBER 1.00 X 0 0 0 SUSAN ARNTZ BOARD MEMBER 1.00 X 0 0 0 SAMANTHA BOECK BOARD MEMBER 1.00 X 0 0 0 KERI JOHNSON BOARD MEMBER 1.00 X 0 0 0 KEVIN MCCANN BOARD MEMBER 1.00 X 0 0 0 JESSICA POTTER BOARD MEMBER 1.00 X 0 0 0 DR EDWARD INCH BOARD MEMBER 1.00 X 0 0 0 CHARLIE WHITAKER BOARD MEMBER 1.00 X 0 0 0 169772 3383 1 false true false 661712 74181 351787 34878 1087680 PROGRAM SERVICE REVENUE 900099 1032426 1032426 LODGING TAX INCOME 900099 567936 567936 SPONSORSHIPS 900099 79900 79900 1680262 17903 17903 171193 163987 7206 7206 7206 MISCELLENEOUS INCOME 900099 11119 11119 11119 2804170 1687468 29022 1133970 1024883 102397 6690 138210 124915 12480 815 92797 83869 8380 548 752 609 143 48934 40785 8149 7771 6290 1481 494 400 94 30535 24715 5820 46599 37717 8882 178346 144353 33993 40328 32641 7687 3547 2871 676 24331 19693 4638 5493 4446 1047 PROGRAM SERVICE EXPENSE 599870 599870 MARKETING RESEARCH 92405 74793 17612 TECH REPAIRS & MAINT 29254 23678 5576 DUES 26082 21111 4971 86641 70128 16513 2586359 2337767 240539 8053 1872394 2231771 418754 299327 148298 190209 63514 81789 262560 174036 110302 88524 682646 570927 38000 968281 3333908 4430828 103530 66991 424076 570519 101659 66791 5681 940648 634946 1644949 X 2698962 2785879 2698962 2785879 3333908 4430828 X 217811 -128156 -2738 X false true X true false false false true 661712 90000 90000 33036 56964 74389 27149 47240 140940 99656 41284 47231 47231 88524 RIGHT TO USE LIABILTIY 940648 940648 2901408 -128156 77712 188040 137596 2763812 40358 40358 2804170 2752076 77712 128363 206075 2546001 40358 40358 2586359 SCHEDULE D, PAGE 4, PART XI, LINE 2D REVENUE FROM FOUNDATION NOT REPORTED FOR TAX PURPOSES 108,040 REVENUE FROM GS FUTURES NOT REPORTED FOR TAX PURPOSES 80,000 SCHEDULE D, PAGE 4, PART XI, LINE 4B MANAGEMENT EXPENSES STATED SEPERATELY FOR TAX PURPOSES 6,177 DEBT FORGIVENESS STATED SEPERATELY FOR TAX PURPOSE 34,181 SCHEDULE D, PAGE 4, PART XII, LINE 2D EXPENSES FROM FOUNDATION NOT REPORTED FOR TAX PURPOSES 124,442 REVENUE FROM GS FUTURES NOT REPORTED FOR TAX PURPOSES 1,183 BOOK / TAX DEPRECIATION DIFFERENCE 2,738 SCHEDULE D, PAGE 4, PART XII, LINE 4B MANAGEMENT EXPENSES STATED SEPERATELY FOR TAX PURPOSES 6,177 DEBT FORGIVENESS STATED SEPERATELY FOR TAX PURPOSE 34,181 false false false JESSICA BEYER PRESIDENT AND CEO 159135 10000 637 3383 173155 X SUPPLIES 5 8045 FAIR MARKET VALUE X CATERING 13 18925 FAIR MARKET VALUE X PRIZES 39 7908 FAIR MARKET VALUE false false false FORM 990 - ORGANIZATION'S MISSION GREATER MANKATO GROWTH EXISTS TO INTENTIONALLY DEVELOP THE REGIONAL CENTER BY PROMOTING, SUPPORTING AND SERVING AS A CATALYST FOR ECONOMIC DEVELOPMENT THROUGH BUSINESS GROWTH, RETENTION AND ATTRACTION, TALENT GROWTH RETENTION AND ATTRACTION, REGIONAL LIVABILITY AND ADVOCACY OF THE MARKETPLACE. GREATER MANKATO GROWTH, INC. INCLUDES THREE LLC'S: VISIT MANKATO, LLC WHICH FOCUSES ON VISITOR ATTRACTION AND SERVICING, THE CITY CENTER PARTNERSHIP, LLC, WHICH FOCUSES ON DEVELOPMENT IN THE CITY CENTER, AND GREENSEAM, LLC WHICH FOCUSES ON DEVELOPMENT OF EXISTING AG BUSINESS ACROSS SOUTHERN MINNESOTA - NORTHERN IOWA TO BE THE PREMIER AG BUSINESS EPICENTER IN THE UNITED STATES. FORM 990, PAGE 2, PART III, LINE 4A BUSINESS DEVELOPMENT --THE 2022 BUSINESS AWARDS AND HALL OF FAME SOLD OUT. 440 PARTICIPANTS AND 16 AWARDS WERE PRESENTED BETWEEN OUR FOUR BUSINESS UNITS. --WORKED ON OVER 60 PROJECTS SEEKING TO ENTER OR EXPAND IN GREATER MN. --RAN 2 TALENT RECRUITMENT CAMPAIGNS TOTALING 19,300 IMPRESSIONS. --VISIT MANKATO HOSTED COLLEAGUES FROM MN FOR THE ANNUAL EDUCATION SUMMIT WITH 50 IN PERSON AND 15 ATTENDEES. --GREENSEAM PRESENTED AT THE MN AG EXPO, FARMFEST, MN PORK CONGRESS, AND MN CHAMBER OF COMMERCE ANNUAL MEETINGS. --CITY CENTER PARTNERSHIP'S BONUS GIFT CARD PROGRAM SAW 38,000 IN RECEIPTS TURNED IN FOR BONUS GIFT CARDS EQUATING TO 5 IN ADDITIONAL SPENDING FOR EVERY 1 CCP INVESTED. --GREATER MANKATO HOSTED THE 2022 ANNUAL MEETING, 219 PEOPLE ATTENDED IN PERSON AND EVENT WAS HELD ON ZOOM. --56 SPORTS, 15 CONFERENCES AND 9 LEASER EVENTS BROUGHT 10.8 MILLION TO THE REGION. --MANKATO MARATHON HOSTED +3,100 RUNNERS FROM 32 STATES WITH AN ECONOMIC IMPACT OF 1.85 MILLION. --GREATER MANKATO GOLF TOURNAMENT GATHERED 155 GOLFERS AND 37 SPONSORS FOR BUSINESS CONNECTIONS AND NETWORKING. --SENIOR GAMES HOSED 522 PARTICIPANTS FROM 26 STATES WITH AN ESTIMATED ECONOMIC IMPACT OF 478,589 --280 ATTENDEES JOINED GREENSEAM'S CELEBRATION OF AG EVENT. --E-NEWS SUBSCRIBERS INCREASED 116%, FACEBOOK LIKES INCREASED 18% AND INSTAGRAM FOLLOWERS INCREASED 24% ORGANIZATIONAL --4TH LARGEST CHAMBER OF COMMERCE IN MN --909 MEMBERS, 74 NEW MEMBERS --31 VOLUNTEERS WITH GREATER MANKATO CAVALIERS --87 AMBASSADORS' VISITS FOR NEW BUSINESSES IN THE GREATER MANKATO AREA FORM 990, PAGE 2, PART III, LINE 4D TALENT --170 MEMBERS INVOLVED IN YOUNG PROFESSIONALS WITH 56 NEW MEMBERS. --GREENSEAM HELPED MANKATO AREA SCHOOLS SECURE FUNDING TO HIRE A NEW AG TEACHER WHICH ALLOWED +400 STUDENTS TO GO THROUGH THE AG PROGRAM IN 2022. --20 PARTICIPANTS GRADUATED FROM LEADERSHIP INSTITUTE IN AUG 2022. --16 BUSINESS AND NON-PROFIT LEADERS PARTICIPATED IN THE EXECUTIVE SOUNDING BOARD PROGRAM. --PILOTED AND LAUNCHED THE PROFESSIONAL DEVELOPMENT SERIES. FORM 990, PAGE 6, PART VI, LINE 6 ANY REPUTABLE ADULT PERSON, ASSOCIATION, CORPORATION, PARTNERSHIP, ESTATE OR OTHER TYPE OF BUSINESS ENTITY SUPPORTING THE MISSION OF THE ORGANIZATION SHALL BE ELIGIBLE MEMBERS. ALL ELIGIBLE MEMBERS MAY BECOME MEMBERS UPON PAYMENT OF DUES. GREATER MANKATO GROWTH MEMBERSHIP IS AN INNOVATIVE MEMBERSHIP STRUCTURE THAT GIVES YOU A CHOICE OF MEMBERSHIP LEVELS BASED ON THE VALUE YOU WANT TO RECEIVE, RATHER THAN PAST CRITERIA SUCH AS THE SIZE AND TYPE OF YOUR BUSINESS. SEE WEBSITE FOR MEMBERSHIP LEVEL BENEFITS. HTTP://WWW.GREATERMANKARTO.COM/MEMBERSHIP-LEVELS. FORM 990, PAGE 6, PART VI, LINE 7A EACH MEMBER SHALL HAVE ONE VOTE. MEMBERS OF THE CORPORATION SHALL ELECT THE BOARD OF DIRECTORS OF THE CORPORATION. FORM 990, PAGE 6, PART VI, LINE 7B - ELECTION OF DIRECTORS FROM AMONG THE SLATE OF CANDIDATES PRESENTED BY THE NOMINATING COMMITTEE. - DECREASE IN NUMBER OF BOARD DIRECTORS. - REMOVAL OF DIRECTORS WITHOUT CAUSE. FORM 990, PAGE 6, PART VI, LINE 11B THE FINANCCE AND BENEFITS MANAGER AND VICE PRESIDENT REVIEW THE 990. THEN PROVIDE TO BOARD TO ACCEPTS ON A CONSENT AGENDA. FORM 990, PAGE 6, PART VI, LINE 12C A CONFLICT OF INTEREST DISCLOSURE STATEMENT IS COMPLETED BY ALL BOARD MEMBERS AND EXECUTIVE OFFICERS OF GREATER MANKATO GROWTH AND VISIT MANKATO. THIS POLICY PERTAINS TO DIRECTORS, OFFICERS AND ALL EMPLOYEES WHO CAN INFLUENCE THE ACTIONS OF GREATER MANKATO GROWTH, INC. DISCLOSURE OF POTENTIAL CONFLICT SHOULD BE MADE TO THE CHIEF EXECUTIVE OFFICER (OR IF THE CEO HAS THE CONFLICT, THEN TO THE BOARD CHAIR), WHO SHALL BRING THE MATTER TO THE ATTENTION OF THE BOARD OR A DULY CONSTITUTED COMMITTEE THEREOF. DISCLOSURE INVOLVING DIRECTORS SHOULD BE MADE TO THE BOARD CHAIR, (OR IF THE BOARD CHAIR HAS A CONFLICT, THEN TO THE BOARD VICE-CHAIR) WHO SHALL BRING THESE MATTERS TO THE BOARD OR A DULY CONSTITUTED COMMITTEE THEREOF. THE BOARD OR A DULY CONSTITUTED COMMITTEE THEREOF SHALL DETERMINE WHETHER A CONFLICT EXISTS AND IN THE CASE OF AN EXISTING CONFLICT, WHETHER THE CONTEMPLATED TRANSACTION MAY BE AUTHORIZED AS JUST, FAIR AND REASONABLE TO GREATER MANKATO GROWTH, INC. THE DECISION OF THE BOARD OR A DULY CONSTITUTED COMMITTEE THEREOF ON THESE MATTERS WILL REST IN THEIR SOLE DISCRETION AND THEIR CONCERN MUST BE THE WELFARE OF GREATER MANKATO GROWTH, INC. AND THE ADVANCEMENT OF ITS PURPOSE. TRANSACTIONS WITH PARTIES WITH WHOM A CONFLICTING INTEREST EXISTS MAY BE UNDERTAKEN ONLY IF ALL OF THE FOLLOWING ARE OBSERVED: 1.THE CONFLICTING INTEREST IS FULLY DISCLOSED; 2.THE PERSON WITH THE CONFLICT OF INTEREST IS EXCLUDED FROM THE DISCUSSION AND APPROVAL OF SUCH TRANSACTION; 3.A COMPETITIVE BID OR COMPARABLE VALUATION EXISTS AND; 4.THE BOARD OR A DULY CONSTITUTED COMMITTEE THEREOF HAS DETERMINED THAT THE TRANSACTION IS IN THE BEST INTEREST OF THE ORGANIZATION. IT IS THE CONTINUING RESPONSIBILITY OF THE BOARD, OFFICERS, AND MANAGEMENT EMPLOYEES TO SCRUTINIZE THEIR TRANSACTIONS AND OUTSIDE BUSINESS INTERESTS AND RELATIONSHIPS FOR POTENTIAL CONFLICTS AND TO IMMEDIATELY MAKE SUCH DISCLOSURES. FORM 990, PAGE 6, PART VI, LINE 15A THE ORGANIZATION'S CEO, EXECUTIVE DIRECTOR, OR TOP MANAGEMENT OFFICIAL UPDATE: THE EXECUTIVE COMMITTEE AND BOARD OF DIRECTORS, RENEWED ITS EVALUATION OF THE POSITION DESCRIPTION AND PERFORMANCE EXPECTATIONS IN COMPARISON WITH OTHER NONPROFIT, PUBLIC, HIGHER EDUCATION, AND FOR PROFIT ENTITIES. THE ORGANIZATION AND PRESIDENT & CEO HAVE AGREED TO AN EXECUTIVE EMPLOYMENT AGREEMENT SPECIFYING TERMS AND COMPENSATION RELATED TO PERFORMANCE FROM MAY 1, THRU DECEMBER 31. FORM 990, PAGE 6, PART VI, LINE 15B OTHER OFFICERS OR KEY EMPLOYEES OF THE ORGANIZATION UPDATE: THE ORGANIZATION'S OTHER PAID OFFICER IS ITS EXECUTIVE VICE PRESIDENT. THE PRESIDENT AND CEO CONTINUALLY EVALUATE THE POSITION DESCRIPTION AND PERFORMANCE EXPECTATIONS IN COMPARISON WITH OTHER NONPROFIT AND COMMUNITY ORGANIZATIONS, AND USES THIS REFLECTION TO AWARD ADJUSTMENTS ON ANNUAL PERFORMANCE REVIEWS. THE EXECUTIVE VICE PRESIDENT LEFT EMPLOYMENT IN JUNE OF 2016 AND AS OF TODAY WE HAVE NOT REHIRED AND AT THE MOMENT ARE NOT LOOKING TO REHIRE THAT POSITION. FORM 990, PAGE 6, PART VI, LINE 19 THE ORGANIZATION'S GOVERNING DOCUMENTS ARE AVAILABLE UPON REQUEST; HOWEVER, NO REQUEST WAS MADE IN THE CURRENT YEAR. FORM 990, PART XI, LINE 9 BOOK/TAX DEPRECIATION DIFFERENCES -2,738 VISIT MANKATO LLC 3 CIVIC CENTER PLAZA SUITE 100 MANKATO MN 56001 411446548 PROMOTION MN 961825 800447 GMG INC CITY CENTER PARTNERSHIP LLC 3 CIVIC CENTER PLAZA SUITE 100 MANKATO MN 56001 PROMOTION MN 71025 78768 GMG INC GREENSEAM LLC 3 CIVIC CENTER PLAZA SUITE 100 MANKATO MN 56001 PROMOTION MN 350968 738545 GMG INC GREATER MANKATO GROWTH INC FOUND 3 CIVIC CENTER PLAZA MANKATO MN 56001 472790832 GRANTS MN 3 7 GMG INC true GREENSEAM FUTURES 3 CIVIC CENTER PLAZA MANKATO MN 56001 882909608 GRANTS MN 3 7 GMG INC true false false false false false false false false false false false false false false false false false false false