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Minnesota Bed & Breakfast Association

Learn about this cause: Is it Legit? Do I like the mission? What is the CEO's salary?

EIN: 200081439 ✦ Lanesboro, MN ✦ Designated as a 501(c)(6)

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Overview

What is Minnesota Bed & Breakfast Association?

The Minnesota Bed & Breakfast Association is a nonprofit organization dedicated to boosting and sustaining Bed and Breakfast operations within Minnesota. Their primary objective is to foster, promote, and perpetuate these businesses, contributing to a thriving tourism sector in the state. The association plays a pivotal role in promoting Bed and Breakfast accommodations, ultimately benefiting both the local economy and travelers seeking unique, personalized experiences.

Is Minnesota Bed & Breakfast Association legitimate?

Minnesota Bed & Breakfast Association is a legitimate nonprofit organization registered as a 501(c)(6) entity. Minnesota Bed & Breakfast Association submitted a form 990EZ, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.

What is the mission statement of Minnesota Bed & Breakfast Association?

The Minnesota Bed & Breakfast Association's mission is centered around fostering, promoting, and perpetuating the operations of Bed and Breakfast establishments within the state. This organization is dedicated to supporting and strengthening the Bed and Breakfast industry in Minnesota, aiming to ensure its continued growth and success.

Who is the CEO of Minnesota Bed & Breakfast Association?

Kristin Fisher is the President of Minnesota Bed & Breakfast Association.

What is the revenue of Minnesota Bed & Breakfast Association?

Minnesota Bed & Breakfast Association's revenue in 2022 was $17,939.

Who are the executives of Minnesota Bed & Breakfast Association and what are their salaries?


Here are 4 key members and their salaries:


Brenda Pearson (Administrator)
  • Compensation: $20,000
  • Related: $0
  • Other: $0
Kristin Fisher (President)
  • Compensation: $0
  • Related: $0
  • Other: $0
Peter Torkelson (Treasurer)
  • Compensation: $0
  • Related: $0
  • Other: $0
Wende Nelson (Vice President)
  • Compensation: $0
  • Related: $0
  • Other: $0
Where can I find the form 990EZ for Minnesota Bed & Breakfast Association?

Minnesota Bed & Breakfast Association's most recent form 990EZ was submitted in 2022 and can be accessed here.

Mission Statement of Minnesota Bed & Breakfast Association

The Minnesota Bed & Breakfast Association is dedicated to fostering, promoting, and perpetuating the operations of Bed and Breakfast establishments within the state of Minnesota. This nonprofit organization works tirelessly to support and enhance the Bed and Breakfast industry, aiming to ensure its continued growth and success. By promoting Bed and Breakfast operations, the Minnesota Bed & Breakfast Association contributes to the tourism sector and provides unique lodging options for travelers, thereby enriching the overall vacation experience for visitors to the state.

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Impact




October, 2024

The Minnesota Bed & Breakfast Association (MBBA) plays a significant role in enhancing the hospitality landscape in Minnesota. By fostering and promoting bed and breakfast operations across the state, the MBBA helps to elevate the guest experience and encourages a diverse range of lodging options for visitors.

The association serves as a valuable resource for B&B owners, providing them with support, training, and networking opportunities. This promotes best practices and enhances the quality of service, which ultimately benefits tourists and local economies alike. Additionally, the MBBA's focus on promoting unique and personal accommodations helps to sustain local culture and encourages travelers to explore the distinct characteristics of the regions they visit.

Through its efforts, the MBBA not only cultivates a thriving bed and breakfast community but also supports local tourism, which can lead to increased revenue for small businesses and attractions in Minnesota. This creates a ripple effect, fostering a sense of community and contributing to the overall vibrancy of the state's hospitality sector.




This information is meant to be a general summary of Minnesota Bed & Breakfast Association. Please take the time to review official sources before making any decisions based upon the content provided here.


Financials

This financial information is from Propublica.

Revenue
$17,939 (2022)
Expenses
$40,124 (2022)
Efficiency

Other financial information:

This information is from the most recently submitted tax form from this organization, which was in 2022.

  • Investment Income: $11
  • Program Service Revenue: $4,403
  • Gross Receipts: $17,939

Assets and Liabilities:

  • Total Assets: $52,681
  • Total Liabilities: $72,235
  • Net Assets: -$19,554

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Organization Details

Principal Officer

Kristin Fisher

Main Address

701 KENILWORTH AVENUE SOUTH, LANESBORO, MN, 55949

NTEE Category

Code: T31 - Philanthropy

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