Overview
What is Greater Mankato Growth Inc?
Greater Mankato Growth Inc is a prominent chamber of commerce in Minnesota, serving as a catalyst for economic development in the region. With a mission to promote, support, and serve businesses, the organization focuses on business growth, retention, and attraction, talent development, regional livability, and advocacy. Their activities include hosting events, such as the Business Awards and Hall of Fame, attracting and supporting over 60 projects, and running talent recruitment campaigns. Greater Mankato Growth Inc also manages three LLCs: Visit Mankato, City Center Partnership, and Greenseam, each dedicated to visitor attraction, city center development, and agricultural business growth, respectively. The organization boasts a strong presence, as the fourth-largest chamber of commerce in Minnesota, with 909 members and 74 new ones in 2022. Their digital reach also increased significantly, with an 116% increase in e-news subscribers, 18% more Facebook likes, and 24% more Instagram followers.
Official website here: www.greatermankato.com
Is Greater Mankato Growth Inc legitimate?
Greater Mankato Growth Inc is a legitimate nonprofit organization registered as a 501(c)(6) entity. Greater Mankato Growth Inc submitted a form 990, 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.
Heare are some key statistics you may want to consider:
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Other Salaries and Wages: $1,133,970
For more financial information, click here
Official website here: www.greatermankato.com
What is the mission statement of Greater Mankato Growth Inc?
Greater Mankato Growth Inc exists with the intent to develop its regional center, serving as a catalyst for economic growth. This is achieved through promoting, supporting, and fostering business growth, retention, and attraction. The organization also focuses on attracting and retaining talent, enhancing regional livability, and advocating for the marketplace. Greater Mankato Growth Inc comprises three LLCs: Visit Mankato, which specializes in visitor attraction and services, City Center Partnership, dedicated to city center development, and Greenseam, focusing on the development of existing agricultural businesses across southern Minnesota and northern Iowa, aiming to establish it as the premier agricultural business epicenter in the United States.
Official website here: www.greatermankato.com
Who is the CEO of Greater Mankato Growth Inc?
Jessica Beyer is the Chair of Greater Mankato Growth Inc.
Official website here: www.greatermankato.com
What is the revenue of Greater Mankato Growth Inc?
Greater Mankato Growth Inc's revenue in 2022 was $2,804,170.
Official website here: www.greatermankato.com
Who are the executives of Greater Mankato Growth Inc and what are their salaries?
The average compensation at Greater Mankato Growth Inc during 2022 was $49,303. There are 23 employees and 905 volunteers at Greater Mankato Growth Inc.
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Official website here: www.greatermankato.com
Where can I find the form 990 for Greater Mankato Growth Inc?
Greater Mankato Growth Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.greatermankato.com
Learn more at the official website: www.greatermankato.com
Mission Statement of Greater Mankato Growth Inc
Greater Mankato Growth Inc is an organization with a mission to intentionally develop its regional center. This nonprofit promotes, supports, and serves as a catalyst for economic development through various means. Its focus areas include business growth, retention, and attraction, talent growth, retention, and attraction, improving regional livability, and advocating for the marketplace. Greater Mankato Growth Inc is composed of three LLCs: Visit Mankato, LLC, which focuses on visitor attraction and servicing; the City Center Partnership, LLC, which concentrates on development in the city center; and Greenseam, LLC, which focuses on developing existing agricultural businesses across Southern Minnesota and Northern Iowa to establish it as the premier agricultural business epicenter in the United States.
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Impact
October, 2024
Greater Mankato Growth Inc has significantly impacted the region through various initiatives aimed at fostering economic development, community engagement, and business connectivity. In 2022, the organization successfully hosted the Business Awards and Hall of Fame, attracting 440 participants and distributing 16 awards across four business units, illustrating a vibrant and growing local economy.
The organization actively engaged in over 60 projects to assist businesses interested in entering or expanding in Greater Minnesota, reinforcing its role as a catalyst for business growth and retention. Two talent recruitment campaigns garnered impressive results, reaching over 19,300 impressions and promoting the region as a desirable place to work.
Notable events, such as the Mankato Marathon, brought over 3,100 runners from 32 states, generating an estimated economic impact of $1.85 million. Additionally, the Annual Education Summit, hosted by Visit Mankato, showcased collaboration with local colleagues, further positioning Mankato as a hub for education and community development.
The City Center Partnership successfully stimulated local spending through its Bonus Gift Card Program, yielding $38,000 in receipts and demonstrating a return of $5 for every dollar invested. Furthermore, events like the Greater Mankato Golf Tournament and the Senior Games fostered networking opportunities and drew participants from across the country, enhancing regional visibility.
Social media engagement surged with a notable increase in e-news subscribers, Facebook likes, and Instagram followers, reflecting the organization's growing community presence and outreach efforts. With 909 members and a solid volunteer base, Greater Mankato Growth not only advocates for local businesses but also plays a crucial role in enhancing the region's livability and attractiveness.
Overall, Greater Mankato Growth Inc is instrumental in driving economic progress, supporting local businesses, and fostering a collaborative community spirit in the Greater Mankato area.
This information is meant to be a general summary of Greater Mankato Growth Inc. 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.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Investment Income: $25,109
- Program Service Revenue: $1,680,262
- Gross Receipts: $2,968,157
Assets and Liabilities:
- Total Assets: $4,430,828
- Total Liabilities: $1,644,949
- Net Assets: $2,785,879
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
PROGRAM SERVICE REVENUE
Revenue
$1,032,426
LODGING TAX INCOME
Revenue
$567,936
SPONSORSHIPS
Revenue
$79,900
Organization Details
Founding Year
1982
Phone
(507) 385-6645Principal Officer
Jessica Beyer
Main Address
3 CIVIC CENTER PLAZA SUITE 100, MANKATO, MN, 56001
Website
www.greatermankato.comNTEE Category
Code: S41 - Community improvement
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