2024-08-28T13:17:10-05:00 2023-12-31 411397419 Abdo 5201 Eden Avenue Suite 250 Edina MN 55436 990 2023-01-01 411696432 Bloomington Convention & Visitors Bureau BLOO 9528588500 2131 Lindau Ln Ste 420 Bloomington MN 55425 Bonnie Carlson President 9528588500 2024-05-17 1 1 Steven D Anseth CPA P00552219 9528359090 2024-05-15 2023 2024-08-08 14:25:15Z Bonnie Carlson 2131 Lindau Ln Ste 420 Bloomington MN 55425 6058251 0 X www.bloomingtonmn.org X 1991 MN To enhance the overall Bloomington experience and contribute to the economic well-being of the city through leadership and innovation in the hospitality industry. 11 11 18 5 21039 0 5351008 5718677 229582 240813 24400 98761 0 0 5604990 6058251 0 0 0 0 1748903 2290811 0 0 0 2944408 3570952 4693311 5861763 911679 196488 8311917 8622425 4526535 4640555 3785382 3981870 To enhance the overall Bloomington experience and contribute to the economic well-being of the city through leadership and innovation in the hospitality industry. 0 0 4802589 219774 To promote the city of Bloomington, Minnesota by attracting meetings, conventions, and tourism business to the community and to enhance and contribute to the overall identity and economic well-being of the community. 4802589 0 1 0 0 0 0 0 0 0 1 0 0 1 1 0 1 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 1 0 0 0 0 0 0 0 1 42 0 1 18 1 1 1 0 0 0 0 0 0 0 0 0 X 11 11 0 0 0 0 0 0 0 1 1 0 0 0 1 1 1 1 0 1 0 0 MN X X The Organization 9528588500 2131 Lindau Ln Ste 420 Bloomington MN 55425 Dave Mona Chair 1.00 X X 0 0 0 Fay Beauchine Vice Chair 1.00 X X 0 0 0 Dr Joyce Ester Director 1.00 X 0 0 0 Dan Jasper Director 1.00 X 0 0 0 Mitch Kilian Director 1.00 X 0 0 0 Shane Christenson Director 1.00 X 0 0 0 Shawn Nelson Director 1.00 X 0 0 0 Tim Busse Director 1.00 X 0 0 0 Jim Saccoman Director 1.00 X 0 0 0 Jamie Verbrugge Director 1.00 X 0 0 0 Kathy Tunhiem Director 1.00 X 0 0 0 Bonnie Carlson President and CEO 40.00 X 268810 0 61347 Dan O'Neill VP of Strategy and Sales 40.00 X 166550 0 46225 Jan Kroells VP of Advertising 40.00 X 173893 0 27869 609253 0 135441 3 0 1 0 MMGY Global 7309 West 80th Street Suite 400 Overland Park KS 66204 Advertising 773116 MOAC Mail Holdings LLC NW 5826 PO Bx 1450 Minneapolis MN 554855826 Marketing Agreement 122500 2 5560607 158070 158070 5718677 Online Marketing Progr 561500 117250 117250 Community Events 713990 62883 62883 Online Housing Program 561500 36655 36655 Ad Sales 624410 21039 21039 Commission Income 624410 2986 2986 240813 98761 98761 6058251 219774 21039 98761 716186 1296523 92195 50177 135730 2832 24457 70491 1679142 159048 244158 405734 327400 4620 89023 20918 Sales Expenses 193122 In-kind Tickets, Hotel 158070 Administrative Charges 86242 Dues & Subscriptions 57852 47843 5861763 311515 163219 1049915 1068644 871687 772357 310187 329540 1432242 946542 475971 485700 1512441 2284485 3780201 3518480 8311917 8622425 268757 636643 24232 37417 143923 140142 4089623 3826353 4526535 4640555 X 3785382 3981870 3785382 3981870 8311917 8622425 196488 0 X X 0 1 X 1 0 RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 478689 272461 206228 953553 674081 279472 485700 Accrued interest 24588 Operating Right-of-Use Asset 3451755 Financing Right-of-Use Asset 42137 3518480 Operating Lease Liability 3783930 Financing Lease Liability 42423 3826353 X 6058251 0 6058251 0 6058251 5861763 0 5861763 0 5861763 Part X, Line 2: The Organization is exempt from income taxes under Internal Revenue Code 501(c)(6) of the Internal Revenue Code and Minnesota Statute 290.05, but is subject to income tax on net unrelated business income. The Organization generates unrelated business income from advertisements. The Organization files information returns in the United States federal jurisdiction and in the Minnesota state jurisdiction. In addition, the Organization files tax returns in relation to their unrelated business income. Management believes that it is not reasonably possible for any tax position benefits to increase or decrease significantly over the next 12 months. As of December 31, 2022 and 2021, there were no income tax related accrued interest or penalties recognized in either the statement of financial position or the statement of activities. The Organization files informational returns in the U.S. federal and in the Minnesota state jurisdictions. U.S. federal returns and Minnesota returns prior to fiscal year 2019 are closed. No returns are currently under examination in any tax jurisdiction. X X X 0 0 0 Bonnie Carlson President and CEO 258810 0 0 0 10000 0 2091 0 59256 0 330157 0 0 0 Dan O'Neill VP of Strategy and Sales 159030 0 0 0 7520 0 0 0 46225 0 212775 0 0 0 Jan Kroells VP of Advertising 164996 0 0 0 8897 0 0 0 27869 0 201762 0 0 0 X Hotel stays 45 42618 Fair Market Value X Tickets 16 41482 Fair Market Value X Event programs 0 32850 Fair Market Value X Food 3 18970 Fair Market Value X Miscellaneous 2 12500 Fair Market Value X Gift cards 11 4500 Fair Market Value X Gift bags 0 150 Fair Market Value 0 0 0 Form 990, Part VI, Section B, line 11b The Finance Manager reviews the 990 before it is submitted. Form 990, Part VI, Section B, line 12c Conflict of Interest policy is included in the Code of Ethics which each board member signs before joining the Board and annually, thereafter. Form 990, Part VI, Section B, line 15a The Organization's Board of Directors determines the President's salary. The Board Chair reviews the President and CEO and recommends a merit increase which is then approved by the Compensation Committee. The Compensation Committee reports to the Board. Form 990, Part VI, Section C, line 19 The Organization has its governing documents and financial statements available to the public upon request. The Form 990 is also available on GuideStar. Form 990, Part XII, Line 2c: This process has not changed from the prior year.