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Lake Vermilion Resort Association

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

EIN: 411481722 ✦ Cook, MN ✦ Designated as a 501(c)(6)

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Overview

What is Lake Vermilion Resort Association?

Lake Vermilion Resort Association is a nonprofit organization situated in Cook, Minnesota. With a single employee, their primary objective is to boost tourism and support the commercial growth in the wider Cook and Tower Minnesota region. They serve as a platform for local businesses to voice their concerns and share their perspectives on promoting the area and its tourism industry. Their mission is to enhance tourism and commercial activities in this region, thereby contributing to its overall development and attractiveness to visitors.


Official website here: www.lakevermilionresorts.com

What do the Facebook reviews say about Lake Vermilion Resort Association?

100% of the five reviewers on Facebook recommend the Lake Vermilion Resort Association. Here is a summary of their reviews:

The overall sentiment expressed is one of appreciation and positivity towards the association. Reviewers enjoy engaging with the beautiful imagery of the lake, highlighting how it brings them joy, especially for those who reside in places far from similar natural beauty.

The comments reflect a strong connection to the visual representation of the resort and its surroundings, indicating that the Lake Vermilion Resort Association effectively captures and shares the charm of the area, further enhancing its appeal to both locals and visitors alike.


This AI summary has been generated from reviews found on Facebook.

Is Lake Vermilion Resort Association legitimate?

Lake Vermilion Resort Association is a legitimate nonprofit organization registered as a 501(c)(6) entity. Lake Vermilion Resort Association 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:

Executive Compensation: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $54,972

For more financial information, click here


Official website here: www.lakevermilionresorts.com

What is the mission statement of Lake Vermilion Resort Association?

The Lake Vermilion Resort Association's mission is centered around boosting tourism and supporting local commerce in a broader area. Specifically, their goal is to enhance tourism in the Lake Vermilion region, while also serving as a platform for local businesses to voice their concerns and share their perspectives on promoting the area and its tourism industry. This association aims to contribute positively to the economic growth and development of the region, ultimately benefiting both tourists and local businesses.


Official website here: www.lakevermilionresorts.com

Who is the CEO of Lake Vermilion Resort Association?

Kyle Colbert is the President of Lake Vermilion Resort Association.


Official website here: www.lakevermilionresorts.com

What is the revenue of Lake Vermilion Resort Association?

Lake Vermilion Resort Association's revenue in 2023 was $325,549.


Official website here: www.lakevermilionresorts.com

Who are the executives of Lake Vermilion Resort Association and what are their salaries?

The average compensation at Lake Vermilion Resort Association during 2023 was $54,972. There is 1 employee and 4 volunteers at Lake Vermilion Resort Association.


Here are 2 key members and their salaries:


Kyle Colbert (President)
  • Compensation: $0
  • Related: $0
  • Other: $0
Brian Anderson (Vice President)
  • Compensation: $0
  • Related: $0
  • Other: $0


Official website here: www.lakevermilionresorts.com

Where can I find the form 990 for Lake Vermilion Resort Association?

Lake Vermilion Resort Association's most recent form 990 was submitted in 2023 and can be accessed here.


Official website here: www.lakevermilionresorts.com

Learn more at the official website: www.lakevermilionresorts.com

Mission Statement of Lake Vermilion Resort Association

Lake Vermilion Resort Association, a prominent organization, is dedicated to enhancing tourism and boosting commerce in the wider Cook and Tower Minnesota area. Its mission is multifaceted, aiming to increase tourist attraction to the Lake Vermilion region and providing a platform for local businesses to voice their concerns and share their perspectives on promoting the area and its tourism industry. This nonprofit serves as a catalyst for growth and development, contributing significantly to the economic vitality of the region.

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Impact




October, 2024

Lake Vermilion Resort Association significantly impacts the greater Cook and Tower, Minnesota area by actively promoting tourism and supporting local commerce. By focusing on increasing visitor interest in and around Lake Vermilion, the association helps to drive economic growth for businesses in the region.

Through initiatives that bolster tourism, the association creates opportunities for local enterprises to thrive by attracting visitors to enjoy the natural beauty and recreational activities available. Additionally, it serves as a crucial platform for local businesses to voice their concerns and share insights on promoting the area effectively. This collaboration fosters a stronger community and enhances the overall visitor experience, ultimately benefiting the local economy and enhancing the region's appeal as a premier travel destination.




This information is meant to be a general summary of Lake Vermilion Resort 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
$325,549 (2023)
Expenses
$503,493 (2023)
Efficiency

Other financial information:

This information is from the most recently submitted tax form from this organization, which was in 2023.

  • Investment Income: $98
  • Program Service Revenue: $302,749
  • Gross Receipts: $325,549

Assets and Liabilities:

  • Total Assets: $310,192
  • Total Liabilities: $1,450
  • Net Assets: $308,742

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Programs

Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.

TAX REVENUE

Revenue

$302,749

GOVERNOR FISHING OPENER

Organization Details

Founding Year

2003

Principal Officer

Kyle Colbert

Main Address

PO BOX 159, COOK, MN, 55723

NTEE Category

Code: S41 - Community improvement

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