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Nonprofiteer
← GREATER MANKATO GROWTH INC

Form 990 for tax year 2025

Filed by GREATER MANKATO GROWTH INC.

Totals

Total revenue
$3,018,572
Total expenses
$3,426,810
Contributions and grants received
$1,017,101
Grants paid
$0
Program service revenue
$1,793,822
Investment income
$119,954
Other revenue
$87,695
Total assets, end of year
$4,155,228
Total liabilities, end of year
$1,283,985
Net assets or fund balances, end of year
$2,871,243
Program services expenses (Part IX)
$3,055,011
Management and general expenses
$361,116
Fundraising expenses
$10,683
Program service expenses (Part III)
not reported

Program services were 89.2% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Line items

Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.

Revenue

Part VIII, the statement of revenue.

  • 1b · Membership dues

    $614,706

  • 1d · Related organizations

    $8,550

  • 1e · Government grants (contributions)

    $30,000

  • 1f · All other contributions, gifts and grants

    $363,845

  • 1g · Noncash contributions included above

    $47,901

  • 2a · Program service revenue: PROGRAM SERVICE REVENUE

    total $751,162 · related or exempt $751,162

  • 2b · Program service revenue: LODGING TAX INCOME

    total $606,159 · related or exempt $606,159

  • 2c · Program service revenue: ECONOMIC DEVELOPMENT

    total $346,971 · related or exempt $346,971

  • 2d · Program service revenue: SPONSORSHIPS

    total $89,530 · related or exempt $89,530

  • 3 · Investment income

    total $110,731 · excluded $110,731

  • 7a · Gross sales of assets other than inventory

    securities $9,223

  • 7c · Gain or loss

    securities $9,223

  • 7d · Net gain or loss

    total $9,223 · related or exempt $9,223

  • 8a · Fundraising events: gross income

    $104,707

  • 8b · Fundraising events: direct expenses

    $41,471

  • 8c · Net income from fundraising events

    total $63,236 · excluded $24,115

  • 11a · Other revenue: MISCELLENEOUS INCOME

    total $24,459 · excluded $24,459

  • 11e · Other revenue, total

    $24,459

Functional expenses

Part IX, the statement of functional expenses.

  • 5 · Compensation of officers, directors and key employees

    total $196,090 · program services $177,226 · management and general $17,707 · fundraising $1,157

  • 7 · Other salaries and wages

    total $1,264,831 · program services $1,143,155 · management and general $114,214 · fundraising $7,462

  • 8 · Pension plan contributions

    total $53,266 · program services $48,142 · management and general $4,810 · fundraising $314

  • 9 · Other employee benefits

    total $187,658 · program services $169,605 · management and general $16,946 · fundraising $1,107

  • 10 · Payroll taxes

    total $109,016 · program services $98,529 · management and general $9,844 · fundraising $643

  • 11b · Fees: legal

    total $420 · program services $340 · management and general $80

  • 11c · Fees: accounting

    total $35,079 · program services $28,393 · management and general $6,686

  • 11g · Fees: other

    total $132,739 · program services $107,439 · management and general $25,300

  • 12 · Advertising and promotion

    total $100 · program services $81 · management and general $19

  • 13 · Office expenses

    total $40,887 · program services $33,094 · management and general $7,793

  • 14 · Information technology

    total $89,131 · program services $72,142 · management and general $16,989

  • 16 · Occupancy

    total $194,378 · program services $157,329 · management and general $37,049

  • 17 · Travel

    total $72,087 · program services $58,347 · management and general $13,740

  • 22 · Depreciation, depletion and amortization

    total $27,070 · program services $21,910 · management and general $5,160

  • 23 · Insurance

    total $9,663 · program services $7,821 · management and general $1,842

  • 24a · Other expenses: EVENTS

    total $579,258 · program services $579,258

  • 24b · Other expenses: MARKETING RESEARCH

    total $174,146 · program services $140,954 · management and general $33,192

  • 24c · Other expenses: ICLV

    total $106,604 · program services $86,285 · management and general $20,319

  • 24d · Other expenses: SUPPLIES

    total $27,745 · program services $22,456 · management and general $5,289

  • 24e · All other expenses

    total $126,642 · program services $102,505 · management and general $24,137

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $588,446 · end of year $503,764

  • 3 · Pledges and grants receivable

    beginning of year $656,754 · end of year $535,288

  • 4 · Accounts receivable

    beginning of year $181,432 · end of year $143,739

  • 9 · Prepaid expenses and deferred charges

    beginning of year $90,663 · end of year $78,151

  • 10a · Land, buildings and equipment: cost or other basis

    $283,440

  • 10b · Land, buildings and equipment: accumulated depreciation

    $246,081

  • 10c · Land, buildings and equipment, net

    beginning of year $71,724 · end of year $37,359

  • 11 · Investments: publicly traded securities

    beginning of year $2,176,798 · end of year $2,165,163

  • 14 · Intangible assets

    beginning of year $773,346 · end of year $691,764

  • 15 · Other assets

    beginning of year $4,656

  • 17 · Accounts payable and accrued expenses

    beginning of year $97,636 · end of year $97,755

  • 19 · Deferred revenue

    beginning of year $422,950 · end of year $464,288

  • 25 · Other liabilities

    beginning of year $798,839 · end of year $721,942

  • 27 · Net assets without donor restrictions

    beginning of year $3,224,394 · end of year $2,871,243

Mission and programs · 2025

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.

Activities or mission (Part I)

SEE PAGE 2, PART III LINE 1

  • BUSINESS DEVELOPMENT -580,000 ORGANIC LINKEDIN IMPRESSIONS -2.9 MILLION FACEBOOK VIEWS IN THE SUPPORT LOCAL BUSINESSES' FACEBOOK PAGE -889 IN PRIVATE CAPITAL INVESTMENTS FOR EVERY REDA DOLLAR INVESTED -14 REQUESTS FOR PROPOSALS ISSUED OR RESPONDED TO -37% INCREASE IN BUSINESS AFTER HOURS ATTENDANCE

  • LIVABILITY -2 MILLION DOLLARS OF ECONOMIC IMPACT HOSTING THE MANKATO MARATHON WITH 3,430 REGISTERED TO RUN -31,000 IN GRANTS AWARDED SUPPORTING EVENTS HELD IN OUR REGION -400 CUSTOMERS PARTICIPATED IN SHOP DOWNTOWN ALONG WITH 31 BUSINESSES -22 BUSINESSES PARTICIPATED IN THE ANNUAL LET IT GLOW, KATO

  • ADVOCACY & VISIBILITY -HOSTED LEGISLATIVE 4 ROUND TABLES OPEN TO THE PUBLIC -GMG HOSTED I-90 PARTY, HOSTING MORE THAN 250 ATTENDEES AND 100 LEGISLATORS -ADVOCATED FOR TAX COMPETITIVENESS AND WORKED TO ADDRESS WORKPLACE MANDATES AND REGULATORY ISSUES TO SUPPORT BUSINESS GROWTH AND INVESTMENT.

  • TALENT -198 MEMBERS ARE INVOLVED IN THE YOUNG PROFESSIONALS -38 PARTICIPANTS GRADUATED FROM THE LEADERSHIP INSTITUTE IN AUG 2025. -16 BUSINESS AND NON-PROFIT LEADERS PARTICIPATED IN THE EXECUTIVE SOUNDING BOARD PROGRAM. -256 RECIPIENTS OF GLOBAL WORKFORCE PROGRAM TECHNICAL ASSISTANCE FOR AG BUSINESSES SEEKING TO HIRE NON-US CITIZENS. (UP 35%) -220 STUDENTS DISCOVERED AG CAREERS AT GS CLASSROOM PRESENTATIONS ORGANIZATIONAL -5TH LARGEST CHAMBER OF COMMERCE IN MN -909 MEMBERS, -82 VOLUNTEERS WITH GREATER MANKATO AMBASSADORS -87 AMBASSADORS' VISITS FOR NEW BUSINESSES IN THE GREATER MANKATO AREA

As filed on the 2025 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Wes Otto

    CHAIR

    Total calculated
    $0
    Hours/week
    2.5 + 1 related

  • Samantha Boeck

    VICE-CHAIR

    Total calculated
    $0
    Hours/week
    2.5 + 1 related

  • Ben Ellingson

    TREASURER/SE

    Total calculated
    $0
    Hours/week
    2.5 + 1 related

  • Della Schmidt

    PRESIDENT AN

    Total calculated
    $213,168
    From this org
    $196,090
    From related orgs
    $0
    Other
    $17,078
    Hours/week
    40 + 5 related

    Schedule J breakdown matched by us

    Base
    $196,090
    Bonus
    not reported
    Other
    not reported
    Deferred
    $7,467
    Nontaxable benefits
    $9,611
    Filer's total
    $213,168

  • Jamie Jacobs

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Christine Powers

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Jennifer Spaude

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Jo Guck Bailey

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Liz Ulman

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Keri Johnson

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Dr Paul Peterson

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Susan Arntz

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Kevin McCann

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Dr Edward Inch

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Charlie Whitaker

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Aaron Jones

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • David Krause

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Cory Genelin

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Gerry Burke

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Ryan Erickson

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Dr Karthik Ghosh

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.

Schedule J

Answered yes

None.

Answered no

  • 4a · Severance or change-of-control payment
  • 4b · Supplemental nonqualified retirement plan
  • 4c · Equity-based compensation arrangement

Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.

Grants on this return

No itemized grants to organizations on this return.

Related organizations on this return

Schedule R Part II: tax-exempt organizations related to the filer by control. It does not record shared board members or money.

Taxable family on this return

Schedule R Parts I, III and IV, as filed. These record ownership and control, not shared board members or money moved.

Disregarded entities

Part I: entities that legally are the filer and file no return of their own.

  • VISIT MANKATO LLC

    PROMOTION · MN · income $992,988 · assets $819,234

    Directly controlled by GMG INC

  • CITY CENTER PARTNERSHIP LLC

    PROMOTION · MN · income $45,490 · assets $70,107

    Directly controlled by GMG INC

  • GREENSEAM LLC

    PROMOTION · MN · income $328,055 · assets $704,895

    Directly controlled by GMG INC

Provenance

Return type
form_990
Tax year
2025
Filed
13 August 2026
IRS schema version
2025v4.0
Source object
202642389349300809

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