GREATER MANKATO GROWTH INC Charity Report

Public IRS 990 nonprofit record

GREATER MANKATO GROWTH INC

EIN 41-1446548 · Chambers of Commerce & Business Leagues (S41)

What they do

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 LLCS: 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.

Before you give

Should I give to this charity?

Easy charity check

Look at where the money went

Of every $100 spent, about $0.00 was reported for mission work. Use the spending picture below and ask what results that work produced.

Plain answer: A tax form cannot prove that a charity is doing good. It can show how the charity says it spent its money—and point out questions you should ask.

Basic facts we verified

IRS warning checkNo IRS revocation warning appears in this data.

Money report from 2024The charity has a recent tax report to read.

They explain their jobThe charity tells us what it is trying to do.

They name their leaders23 people are listed in the latest report.

You can reach themThey list contact information, so you can ask questions.

Money made simple

0.31%of revenue went to fundraising0.3% of expenses

$99.73spent for every $100 of revenueRevenue covered expenses this year.

10.38%of revenue went to management and office costs10.4% of expenses

$1.41in assets for every $1 spent this yearSome assets cannot be spent right away.

42.6%of its money came from giftsOther money may come from services or investments.

Ask these three easy questions

Who did you help? Ask for a recent story or report that shows real results.
What will my money do? Ask exactly what your gift will pay for.
Is this really the charity? Give only through its official website or confirmed phone number.

Pay context: The highest compensation shown in this filing is $111,010 for DELLA SCHMIDT (PRESIDENT AN). Compare pay with organizations of similar size and complexity.

Bottom line: Do not decide from a name, mission statement, or tax status alone. Look at where the money went, then ask what changed, who was helped, and what your gift will do. YouCanGiveBack does not endorse or grade organizations.

Money

Financial picture

Tax year 2024

A plain-language look at the latest Form 990 figures available. These numbers help you ask better questions; they do not, by themselves, rate whether a charity is good or bad.

$100revenue

How each $100 of revenue was used

The large number compares each expense with revenue. The smaller number shows its share of total expenses.

Total reported revenue$3,240,825

Mission workProgram services0.00% of revenue0.0% of expenses

ManagementOffice and general costs$336,53210.38% of revenue10.4% of expenses

FundraisingAsking for donations$9,9500.31% of revenue0.3% of expenses

Revenue left after expensesReported annual surplus$8,8410.27% of revenueShown in gray on the chart

Total expenses$3,231,98499.73% of revenue

Gray means reported revenue left after expenses for this filing year. It does not necessarily mean cash sitting in a bank account.

Has the pattern changed?

Colored bars = expense mix: how each year’s expenses were divided. Total expenses vs. revenue shows whether the charity spent less or more than it received. The current filing is first.

YearExpense mixDetails

2024CurrentExpense mix: 0.0% mission · 10.4% management · 0.3% fundraisingTotal expenses: 99.73% of revenue

2023Expense mix: 0.0% mission · 10.0% management · 0.3% fundraisingTotal expenses: 89.83% of revenue

2022Expense mix: 0.0% mission · 9.3% management · 0.3% fundraisingTotal expenses: 92.23% of revenue

2021Expense mix: 0.0% mission · 9.0% management · 0.3% fundraisingTotal expenses: 76.03% of revenue

2020Expense mix: 0.0% mission · 9.9% management · 0.4% fundraisingTotal expenses: 85.39% of revenue

2019Expense mix: 0.0% mission · 0.0% management · 8.9% fundraisingTotal expenses: 80.59% of revenue

2016Expense mix: 0.0% mission · 9.7% management · 1.3% fundraisingTotal expenses: 108.30% of revenue

Money in and money out

Revenue$3,240,825

Expenses$3,231,984

Annual surplus $8,841 Revenue was higher than expenses for this filing year.

Reported spending amounts

Mission work means the Form 990 category called program services. These are reported accounting categories—not an independent measurement of results.

Management and office costs$336,532 · 10.4% of expenses

Fundraising$9,950 · 0.3% of expenses

See all reported dollar amounts

Revenue$3,240,825

Expenses$3,231,984

Assets$4,543,819

Income$3,339,037

Contributions$1,380,754

Fundraising$9,950

Management and general$336,532

Stocks and bonds$2,176,798

Accounting fees$30,503

Investing fees$6,856

People

Leadership and board

Tax year 2024

Names, titles, time, and compensation below are reported by the organization on its Form 990.

People reported as paid

Person and titleCompensation

DELLA SCHMIDTPRESIDENT AN · 40 hrs/week $111,010Base $105,014 · Other $5,996

Compensation alone does not tell whether pay is reasonable. Consider the charity’s size, work, location, and results.

See everyone listed on the board or leadership roster (23)

DELLA SCHMIDTPRESIDENT AN

DR PAUL PETERSONBOARD MEMBER

WES OTTOVICE-CHAIR

WES BECKBOARD MEMBER

SUSAN ARNTZBOARD MEMBER

SAMANTHA BOECKBOARD MEMBER

LIZ ULMANBOARD MEMBER

KEVIN MCCANNBOARD MEMBER

KERI JOHNSONBOARD MEMBER

JO GUCK BAILEYBOARD MEMBER

JESSICA POTTERBOARD MEMBER

JENNIFER SPAUDEBOARD MEMBER

JAMIE JACOBSBOARD MEMBER

AARON JONESBOARD MEMBER

DR JAMES HEBL MDBOARD MEMBER

DR EDWARD INCHBOARD MEMBER

DR ANNETTE PARKERBOARD MEMBER

DAVID KRAUSECHAIR

DAVID KIMBOARD MEMBER

CHRISTINE POWERSBOARD MEMBER

CHARLIE WHITAKERBOARD MEMBER

BEN ELLINGSONTREASURER/SE

ALEC PFEFFERBOARD MEMBER

About this charity

Recognized since: January 1983
Location: 3 CIVIC CENTER PLZ STE 100, MANKATO, MN 56001-7734
County: Blue Earth
In care of: DELLA SCHMIDT
Primary officer: DELLA SCHMIDT, PRESIDENT AND CEO

How to reach them

WebsiteVisit the charity’s website Emailinfo@greatermankato.com Phone(507) 385-6645 Officer phone(507) 385-6640

Filing and classification

Latest tax year: 2024
Tax period began: January 1, 2024
Return type: 990
Tax preparer: BURKHARDT & BURKHARDT LTD
NTEE classification: Chambers of Commerce & Business Leagues (S41)
IRS tax category: Chambers of Commerce & Business Leagues