Greater Minneapolis Convention & Visitors Association
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2011 | 9,587,892 | 8,509,895 | 1,077,997 | -3.0 | 41% |
| 2012 | 9,761,680 | 8,810,406 | 951,274 | -1.6 | 42% |
| 2013 | 10,681,485 | 9,769,251 | 912,234 | -0.3 | 41% |
| 2014 | 12,324,476 | 10,965,322 | 1,359,154 | 1.1 | 40% |
| 2015 | 12,287,667 | 10,534,685 | 1,752,982 | -0.9 | 45% |
| 2016 | 11,796,288 | 10,552,181 | 1,244,107 | 0.5 | 46% |
| 2017 | 13,112,747 | 11,806,387 | 1,306,360 | 1.8 | 43% |
| 2018 | 12,909,237 | 11,826,224 | 1,083,013 | 2.9 | 43% |
| 2019 | 12,960,859 | 12,455,645 | 505,214 | 3.2 | 44% |
| 2020 | 11,038,914 | 9,339,169 | 1,699,745 | 6.5 | 55% |
| 2021 | 11,529,520 | 9,959,677 | 1,569,843 | 7.9 | 50% |
| 2022 | 12,764,519 | 14,271,865 | −1,507,346 | 4.3 | 40% |
| 2023 | 13,673,742 | 16,283,453 | −2,609,711 | 1.9 | 38% |
In its most recent public year (2023), this organization spent $2,609,711 more than it brought in. Its reserves stood at about 1.9 months of spending, up from -3 in 2011. Staff pay was 38% of spending. $267,913 of its net assets are donor-restricted.
Reserve months = net assets ÷ average monthly spending; net assets count everything the organization owns beyond its debts — buildings and donor-restricted funds included, not just cash. Staff pay = salaries, wages, and officer compensation; it excludes benefits and payroll taxes. The IRS releases this data years after the fact — this organization's newest public year is 2023. Years refer to the calendar year in which the organization's fiscal year ended. Short-form filers do not publicly report donor-restricted balances or staffing costs. Source filings
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