2025-08-15T12:22:40-04:00 2024-12-31 411737358 BURKHARDT & BURKHARDT LTD 430 S BROAD ST STE 100 MANKATO MN 56001 990 2024-01-01 411446548 GREATER MANKATO GROWTH INC GREA 5073856645 3 CIVIC CENTER PLAZA SUITE 100 MANKATO MN 56001 DELLA SCHMIDT PRESIDENT AND CEO 5073856640 2025-08-13 true true JEFFREY BURKHARDT P00037277 5073871338 2025-08-15 2024 2025-03-06 01:10:19Z DELLA SCHMIDT 3 CIVIC CENTER PLAZA SUITE 100 MANKATO MN 56001 3339037 false X WWW.GREATERMANKATO.COM X 1982 MN SEE PAGE 2, PART III LINE 1 23 23 32 675 0 1470312 1380754 1717068 1699647 61134 127456 70792 32968 3319306 3240825 0 0 1573652 1686555 0 9950 1408006 1545429 2981658 3231984 337648 8841 4714686 4543819 1536546 1319425 3178140 3224394 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 2023 BUSINESS AWARDS AND HALL OF FAME SOLD OUT. 417 PARTICIPANTS AND 14 AWARDS WERE PRESENTED BETWEEN OUR FOUR BUSINESS UNITS. --7.8 MILLION RESIDENTIAL RECRUITMENT BILLBOARD IMPRESSIONS --571,000 ORGANIC LINKEDIN IN IMPRESSIONS --13,500 SUPPORT LOCAL BUSINESSES' FACEBOOK PAGE --SECURED 195,000 TO SUPPORT WORK-BASED LEARNING OPPORTUNITIES FOR STUDENTS --1,600 ATTENDEES FOR MONTHLY BUSINESS AFTER HOURS MONTHLY NETWORKING EVENTS. --GREENSEAM HOSTED THE CELEBRATION OF AG WITH OVER 250 ATTENDEES. LIVABILITY --556 BONUS GIFT CARDS DISTRIBUTED FOR DOWNTOWN SPENDING WITH 50,000 OF RECEIPTS TURNED IN --17 BUSINESSES PARTICIPATED IN LET IT GLOW --CITY ART WALKING SCULPTURE SAW VISITORS FROM 20 STATES, 81 ZIP CODES, AND 24% FROM MORE THAN 75 MILES AWAY ADVOCACY & VISIBILITY --HOSTED 4 ELECTION FORUMS WITH 13 CANDIDATE PARTICIPANTS --GMG TOOK OWNERSHIP OF THE I-90 PARTY, HOSTING MORE THAN 250 ATTENDEES AND 100 LEGISLATORS --WORKED WITH MN DEPT OF EMPLOYMENT TO EDUCATE OVER 100 BUSINESS LEADERS ON THE NE PAID LEAVE ACT IN MN TALENT --188 MEMBERS ARE INVOLVED IN YOUNG PROFESSIONALS, WITH 82 NEW MEMBERS. --GREENSEAM HELPED MANKATO AREA SCHOOLS SECURE FUNDING TO HIRE A NEW AGRICULTURE TEACHER, WHICH ALLOWED MORE THAN 400 STUDENTS TO GO THROUGH THE AGRICULTURE PROGRAM IN 2021. --42 PARTICIPANTS GRADUATED FROM THE LEADERSHIP INSTITUTE IN AUG 2024. --DEI COLLABORATIVE GRADUATED 19 PARTICIPANTS IN MAY 2024. --16 BUSINESS AND NON-PROFIT LEADERS PARTICIPATED IN THE EXECUTIVE SOUNDING BOARD PROGRAM. --GLOBAL WORKFORCE PROGRAM TECHNICAL ASSISTANCE FOR AG BUSINESSES SEEKING TO HIRE NON-US CITIZENS. ORGANIZATIONAL --5TH LARGEST CHAMBER OF COMMERCE IN MN --911 MEMBERS, --80 VOLUNTEERS WITH GREATER MANKATO CAVALIERS AND AMBASSADORS --105 AMBASSADORS' VISITS FOR NEW BUSINESSES IN THE GREATER MANKATO AREA 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 false false false false false false false true false false false true true true false false true 35 0 32 true false false false false false false false false X 23 23 false false false false true true true true true false false false true true true true true true true false X DARCY ENTER 5073856645 3 CIVIC CENTER PLAZA SUITE 100 MANKATO MN 56001 DAVID KRAUSE CHAIR 2.50 1.00 X 0 0 0 WES OTTO VICE-CHAIR 2.50 1.00 X 0 0 0 BEN ELLINGSON TREASURER/SE 2.50 1.00 X 0 0 0 DELLA SCHMIDT PRESIDENT AN 40.00 5.00 X 105014 0 5996 JAMIE JACOBS BOARD MEMBER 1.00 X 0 0 0 CHRISTINE POWERS BOARD MEMBER 1.00 X 0 0 0 JENNIFER SPAUDE 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 DAVID KIM BOARD MEMBER 1.00 X 0 0 0 ALEC PFEFFER BOARD MEMBER 1.00 X 0 0 0 KERI JOHNSON BOARD MEMBER 1.00 X 0 0 0 DR PAUL PETERSON 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 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 DR ANNETTE PARKER BOARD MEMBER 1.00 X 0 0 0 CHARLIE WHITAKER BOARD MEMBER 1.00 X 0 0 0 WES BECK BOARD MEMBER 1.00 X 0 0 0 AARON JONES BOARD MEMBER 1.00 X 0 0 0 105014 5996 1 false false false 639489 13156 245822 482287 48161 1380754 LODGING TAX INCOME 900099 654715 654715 PROGRAM SERVICE REVENUE 900099 617402 617402 ECONOMIC DEVELOPMENT 900099 336030 336030 SPONSORSHIPS 900099 91500 91500 1699647 124865 124865 100005 96591 823 3414 -823 2591 -823 3414 14148 798 13350 13350 MISCELLENEOUS INCOME 900099 19618 19618 19618 3240825 1698824 161247 105014 94911 9483 620 1298589 1173666 117262 7661 185961 168072 16792 1097 96991 87661 8758 572 360 291 69 30503 24689 5814 6856 6856 126976 102774 24202 39895 32291 7604 63176 51135 12041 198586 160735 37851 62030 50207 11823 602 487 115 34413 27854 6559 10010 8102 1908 EVENTS 571957 571957 MARKETING RESEARCH 210231 170161 40070 PRIZES 34223 27700 6523 TECH REPAIRS & MAINT 31333 25361 5972 124278 100592 23686 3231984 2885502 336532 9950 49711 588446 2321446 485171 656754 140249 181432 107443 90663 283440 211716 113793 71724 640941 2176798 852814 773346 3118 4656 4714686 4543819 186992 97636 447297 422950 30566 871691 798839 1536546 1319425 X 3178140 3224394 3178140 3224394 4714686 4543819 X 8841 45066 180 -7833 X false true X true false false false true 639489 50000 69006 119006 233821 -114815 74389 39291 35098 117973 109680 8293 91078 62745 28333 71724 RIGHT TO USE LIABILTIY 798839 798839 3521275 45066 59328 182114 286508 3234767 6058 6058 3240825 3374943 59328 81862 141190 3233753 -1769 -1769 3231984 SCHEDULE D, PAGE 4, PART XI, LINE 2D REVENUE FROM FOUNDATION NOT REPORTED FOR TAX PURPOSES 65,491 REVENUE FROM GS FUTURES NOT REPORTED FOR TAX PURPOSES 116,623 SCHEDULE D, PAGE 4, PART XI, LINE 4B INVESTMENT FEES STATED SEPERATELY FOR TAX PURPOSES 6,856 SPECIAL EVENT EXPENSES NETTED WITH REVENUE FOR TAX PURPOSE -798 SCHEDULE D, PAGE 4, PART XII, LINE 2D EXPENSES FROM FOUNDATION NOT REPORTED FOR TAX PURPOSES 71,557 REVENUE FROM GS FUTURES NOT REPORTED FOR TAX PURPOSES 10,305 SCHEDULE D, PAGE 4, PART XII, LINE 4B INVESTMENT FEES STATED SEPERATELY FOR TAX PURPOSES 6,856 SPECIAL EVENT EXPENSES NETTED WITH REVENUE FOR TAX PURPOSE -798 BOOK TAX DEPRECIATION DIFFERENCE -7,827 X SUPPLIES 3 8281 FAIR MARKET VALUE X CATERING 7 5657 FAIR MARKET VALUE X PRIZES 123 34223 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 2023 BUSINESS AWARDS AND HALL OF FAME SOLD OUT. 417 PARTICIPANTS AND 14 AWARDS WERE PRESENTED BETWEEN OUR FOUR BUSINESS UNITS. --7.8 MILLION RESIDENTIAL RECRUITMENT BILLBOARD IMPRESSIONS --571,000 ORGANIC LINKEDIN IN IMPRESSIONS --13,500 SUPPORT LOCAL BUSINESSES' FACEBOOK PAGE --SECURED 195,000 TO SUPPORT WORK-BASED LEARNING OPPORTUNITIES FOR STUDENTS --1,600 ATTENDEES FOR MONTHLY BUSINESS AFTER HOURS MONTHLY NETWORKING EVENTS. --GREENSEAM HOSTED THE CELEBRATION OF AG WITH OVER 250 ATTENDEES. FORM 990, PAGE 2, PART III, LINE 4D TALENT --188 MEMBERS ARE INVOLVED IN YOUNG PROFESSIONALS, WITH 82 NEW MEMBERS. --GREENSEAM HELPED MANKATO AREA SCHOOLS SECURE FUNDING TO HIRE A NEW AGRICULTURE TEACHER, WHICH ALLOWED MORE THAN 400 STUDENTS TO GO THROUGH THE AGRICULTURE PROGRAM IN 2021. --42 PARTICIPANTS GRADUATED FROM THE LEADERSHIP INSTITUTE IN AUG 2024. --DEI COLLABORATIVE GRADUATED 19 PARTICIPANTS IN MAY 2024. --16 BUSINESS AND NON-PROFIT LEADERS PARTICIPATED IN THE EXECUTIVE SOUNDING BOARD PROGRAM. --GLOBAL WORKFORCE PROGRAM TECHNICAL ASSISTANCE FOR AG BUSINESSES SEEKING TO HIRE NON-US CITIZENS. ORGANIZATIONAL --5TH LARGEST CHAMBER OF COMMERCE IN MN --911 MEMBERS, --80 VOLUNTEERS WITH GREATER MANKATO CAVALIERS AND AMBASSADORS --105 AMBASSADORS' VISITS FOR NEW BUSINESSES IN THE GREATER MANKATO AREA 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 -7,827 ROUDING -6 TOTAL -7,833 VISIT MANKATO LLC 3 CIVIC CENTER PLAZA SUITE 100 MANKATO MN 56001 411446548 PROMOTION MN 1052084 958933 GMG INC CITY CENTER PARTNERSHIP LLC 3 CIVIC CENTER PLAZA SUITE 100 MANKATO MN 56001 PROMOTION MN 45578 81185 GMG INC GREENSEAM LLC 3 CIVIC CENTER PLAZA SUITE 100 MANKATO MN 56001 PROMOTION MN 628280 968690 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