2026-08-26T09:32:48-04:00 2025-12-31 411562398 CARLSONSV LLP 430 S BROAD ST STE 100 MANKATO MN 560013703 990 2025-01-01 411446548 GREATER MANKATO GROWTH INC GREA 5073856645 3 CIVIC CENTER PLAZA SUITE 100 MANKATO MN 56001 DELLA SCHMIDT PRESIDENT AND CEO 5073856640 2026-08-13 true JEFFREY M BURKHARDT CPA P00037277 3202741040 2026-08-18 X 2025 2025-03-06 01:10:19Z DELLA SCHMIDT 3 CIVIC CENTER PLAZA SUITE 100 MANKATO MN 56001 3060043 false X WWW.GREATERMANKATO.COM X 1982 MN SEE PAGE 2, PART III LINE 1 21 21 30 950 0 1380754 1017101 1699647 1793822 127456 119954 32968 87695 3240825 3018572 0 0 1686555 1810861 0 10683 1545429 1615949 3231984 3426810 8841 -408238 4543819 4155228 1319425 1283985 3224394 2871243 X GREATER MANKATO GROWTH EXISTS TO INTENTIONALLY DEVELOP THE REGIONAL CENTER BY PROMOTING, SUPPORTING AND SERVING AS A CATALYST FOR ECONOMIC DEVELOPMENT THROUGH BUSINESS GROWTH, RETENTION AND ATTRACTION, TALENT GROWTH RETENTION AND ATTRACTION, REGIONAL LIVABILITY AND ADVOCACY OF THE MARKETPLACE. GREATER MANKATO GROWTH, INC. INCLUDES THREE LLC'S: VISIT MANKATO, LLC WHICH FOCUSES ON VISITOR ATTRACTION AND SERVICING, THE CITY CENTER PARTNERSHIP, LLC, WHICH FOCUSES ON DEVELOPMENT IN THE CITY CENTER, AND GREENSEAM, LLC WHICH FOCUSES ON DEVELOPMENT OF EXISTING AG BUSINESS ACROSS SOUTHERN MINNESOTA - NORTHERN IOWA TO BE THE PREMIER AG BUSINESS EPICENTER IN THE UNITED STATES. false false BUSINESS DEVELOPMENT -580,000 ORGANIC LINKEDIN IMPRESSIONS -2.9 MILLION FACEBOOK VIEWS IN THE SUPPORT LOCAL BUSINESSES' FACEBOOK PAGE -889 IN PRIVATE CAPITAL INVESTMENTS FOR EVERY REDA DOLLAR INVESTED -14 REQUESTS FOR PROPOSALS ISSUED OR RESPONDED TO -37% INCREASE IN BUSINESS AFTER HOURS ATTENDANCE LIVABILITY -2 MILLION DOLLARS OF ECONOMIC IMPACT HOSTING THE MANKATO MARATHON WITH 3,430 REGISTERED TO RUN -31,000 IN GRANTS AWARDED SUPPORTING EVENTS HELD IN OUR REGION -400 CUSTOMERS PARTICIPATED IN SHOP DOWNTOWN ALONG WITH 31 BUSINESSES -22 BUSINESSES PARTICIPATED IN THE ANNUAL LET IT GLOW, KATO ADVOCACY & VISIBILITY -HOSTED LEGISLATIVE 4 ROUND TABLES OPEN TO THE PUBLIC -GMG HOSTED I-90 PARTY, HOSTING MORE THAN 250 ATTENDEES AND 100 LEGISLATORS -ADVOCATED FOR TAX COMPETITIVENESS AND WORKED TO ADDRESS WORKPLACE MANDATES AND REGULATORY ISSUES TO SUPPORT BUSINESS GROWTH AND INVESTMENT. TALENT -198 MEMBERS ARE INVOLVED IN THE YOUNG PROFESSIONALS -38 PARTICIPANTS GRADUATED FROM THE LEADERSHIP INSTITUTE IN AUG 2025. -16 BUSINESS AND NON-PROFIT LEADERS PARTICIPATED IN THE EXECUTIVE SOUNDING BOARD PROGRAM. -256 RECIPIENTS OF GLOBAL WORKFORCE PROGRAM TECHNICAL ASSISTANCE FOR AG BUSINESSES SEEKING TO HIRE NON-US CITIZENS. (UP 35%) -220 STUDENTS DISCOVERED AG CAREERS AT GS CLASSROOM PRESENTATIONS ORGANIZATIONAL -5TH LARGEST CHAMBER OF COMMERCE IN MN -909 MEMBERS, -82 VOLUNTEERS WITH GREATER MANKATO AMBASSADORS -87 AMBASSADORS' VISITS FOR NEW BUSINESSES IN THE GREATER MANKATO AREA false false false true false false false false false true false false false true false false true false false false false false false true false false false false true false false false false false false true false false false true true true false false true 37 0 30 true false false false false false false false false X 21 21 false false false false true true true true true false false false true true true true true true true false X DARCY ENTER 5073856645 3 CIVIC CENTER PLAZA SUITE 100 MANKATO MN 56001 WES OTTO CHAIR 2.50 1.00 X 0 0 0 SAMANTHA BOECK VICE-CHAIR 2.50 1.00 X 0 0 0 BEN ELLINGSON TREASURER/SE 2.50 1.00 X 0 0 0 DELLA SCHMIDT PRESIDENT AN 40.00 5.00 X 196090 0 17078 JAMIE JACOBS BOARD MEMBER 1.00 X 0 0 0 CHRISTINE POWERS BOARD MEMBER 1.00 X 0 0 0 JENNIFER SPAUDE BOARD MEMBER 1.00 X 0 0 0 JO GUCK BAILEY BOARD MEMBER 1.00 X 0 0 0 LIZ ULMAN BOARD MEMBER 1.00 X 0 0 0 KERI JOHNSON BOARD MEMBER 1.00 X 0 0 0 DR PAUL PETERSON BOARD MEMBER 1.00 X 0 0 0 SUSAN ARNTZ BOARD MEMBER 1.00 X 0 0 0 KEVIN MCCANN BOARD MEMBER 1.00 X 0 0 0 DR EDWARD INCH BOARD MEMBER 1.00 X 0 0 0 CHARLIE WHITAKER BOARD MEMBER 1.00 X 0 0 0 AARON JONES BOARD MEMBER 1.00 X 0 0 0 DAVID KRAUSE BOARD MEMBER 1.00 X 0 0 0 CORY GENELIN BOARD MEMBER 1.00 X 0 0 0 GERRY BURKE BOARD MEMBER 1.00 X 0 0 0 RYAN ERICKSON BOARD MEMBER 1.00 X 0 0 0 DR KARTHIK GHOSH BOARD MEMBER 1.00 X 0 0 0 196090 17078 1 false true false 614706 8550 30000 363845 47901 1017101 PROGRAM SERVICE REVENUE 900099 751162 751162 LODGING TAX INCOME 900099 606159 606159 ECONOMIC DEVELOPMENT 900099 346971 346971 SPONSORSHIPS 900099 89530 89530 1793822 110731 110731 9223 9223 9223 9223 104707 41471 63236 24115 MISCELLENEOUS INCOME 900099 24459 24459 24459 3018572 1803045 159305 196090 177226 17707 1157 1264831 1143155 114214 7462 53266 48142 4810 314 187658 169605 16946 1107 109016 98529 9844 643 420 340 80 35079 28393 6686 132739 107439 25300 100 81 19 40887 33094 7793 89131 72142 16989 194378 157329 37049 72087 58347 13740 27070 21910 5160 9663 7821 1842 EVENTS 579258 579258 MARKETING RESEARCH 174146 140954 33192 ICLV 106604 86285 20319 SUPPLIES 27745 22456 5289 126642 102505 24137 3426810 3055011 361116 10683 588446 503764 656754 535288 181432 143739 90663 78151 283440 246081 71724 37359 2176798 2165163 773346 691764 4656 4543819 4155228 97636 97755 422950 464288 798839 721942 1319425 1283985 X 3224394 2871243 3224394 2871243 4543819 4155228 X -408238 69845 -340 -14418 X false true X true false false false true 614706 50000 50000 61471 -11471 74389 74389 117973 117973 91078 91078 283440 RIGHT TO USE LIABILTIY 721942 721942 3397488 69845 62802 204798 337445 3060043 -41471 -41471 3018572 3682333 62802 192721 255523 3426810 3426810 SCHEDULE D, PAGE 4, PART XI, LINE 2D REVENUE FROM FOUNDATION NOT REPORTED FOR TAX PURPOSES 192,239 REVENUE FROM GS FUTURES NOT REPORTED FOR TAX PURPOSES 15,121 EARNINGS FROM AFFILIATE 4,900 INVESTMENT EXPENSE NOT NETTED WITH REVENUE FOR TAX PURPOSE -7,462 SCHEDULE D, PAGE 4, PART XI, LINE 4B SPECIAL EVENT EXPENSES NETTED WITH REVENUE FOR TAX PURPOSE -41,471 SCHEDULE D, PAGE 4, PART XII, LINE 2D EXPENSES FROM FOUNDATION NOT REPORTED FOR TAX PURPOSES 76,427 REVENUE FROM GS FUTURES NOT REPORTED FOR TAX PURPOSES 67,867 SPECIAL EVENT EXPENSES NETTED WITH REVENUE FOR TAX PURPOSE 41,471 BOOK TAX DEPRECIATION DIFFERENCE 6,956 GOLF OUTING 62890 62890 26748 CHAMBER LUNCHEN 16620 16620 11181 1250 1210 2 25197 25197 1082 104707 104707 11181 1250 29040 41471 63236 false false false DELLA SCHMIDT PRESIDENT AND CEO 196090 7467 9611 213168 X SUPPLIES 114 23733 FAIR MARKET VALUE X FOOD 19 24168 FAIR MARKET VALUE false false false FORM 990 - ORGANIZATION'S MISSION GREATER MANKATO GROWTH EXISTS TO INTENTIONALLY DEVELOP THE REGIONAL CENTER BY PROMOTING, SUPPORTING AND SERVING AS A CATALYST FOR ECONOMIC DEVELOPMENT THROUGH BUSINESS GROWTH, RETENTION AND ATTRACTION, TALENT GROWTH RETENTION AND ATTRACTION, REGIONAL LIVABILITY AND ADVOCACY OF THE MARKETPLACE. GREATER MANKATO GROWTH, INC. INCLUDES THREE LLC'S: VISIT MANKATO, LLC WHICH FOCUSES ON VISITOR ATTRACTION AND SERVICING, THE CITY CENTER PARTNERSHIP, LLC, WHICH FOCUSES ON DEVELOPMENT IN THE CITY CENTER, AND GREENSEAM, LLC WHICH FOCUSES ON DEVELOPMENT OF EXISTING AG BUSINESS ACROSS SOUTHERN MINNESOTA - NORTHERN IOWA TO BE THE PREMIER AG BUSINESS EPICENTER IN THE UNITED STATES. FORM 990, PAGE 2, PART III, LINE 4D TALENT -198 MEMBERS ARE INVOLVED IN THE YOUNG PROFESSIONALS -38 PARTICIPANTS GRADUATED FROM THE LEADERSHIP INSTITUTE IN AUG 2025. -16 BUSINESS AND NON-PROFIT LEADERS PARTICIPATED IN THE EXECUTIVE SOUNDING BOARD PROGRAM. -256 RECIPIENTS OF GLOBAL WORKFORCE PROGRAM TECHNICAL ASSISTANCE FOR AG BUSINESSES SEEKING TO HIRE NON-US CITIZENS. (UP 35%) -220 STUDENTS DISCOVERED AG CAREERS AT GS CLASSROOM PRESENTATIONS ORGANIZATIONAL -5TH LARGEST CHAMBER OF COMMERCE IN MN -909 MEMBERS, -82 VOLUNTEERS WITH GREATER MANKATO AMBASSADORS -87 AMBASSADORS' VISITS FOR NEW BUSINESSES IN THE GREATER MANKATO AREA FORM 990, PAGE 6, PART VI, LINE 6 ANY REPUTABLE ADULT PERSON, ASSOCIATION, CORPORATION, PARTNERSHIP, ESTATE OR OTHER TYPE OF BUSINESS ENTITY SUPPORTING THE MISSION OF THE ORGANIZATION SHALL BE ELIGIBLE MEMBERS. ALL ELIGIBLE MEMBERS MAY BECOME MEMBERS UPON PAYMENT OF DUES. GREATER MANKATO GROWTH MEMBERSHIP IS AN INNOVATIVE MEMBERSHIP STRUCTURE THAT GIVES YOU A CHOICE OF MEMBERSHIP LEVELS BASED ON THE VALUE YOU WANT TO RECEIVE, RATHER THAN PAST CRITERIA SUCH AS THE SIZE AND TYPE OF YOUR BUSINESS. SEE WEBSITE FOR MEMBERSHIP LEVEL BENEFITS. HTTP://WWW.GREATERMANKARTO.COM/MEMBERSHIP-LEVELS. FORM 990, PAGE 6, PART VI, LINE 7A EACH MEMBER SHALL HAVE ONE VOTE. MEMBERS OF THE CORPORATION SHALL ELECT THE BOARD OF DIRECTORS OF THE CORPORATION. FORM 990, PAGE 6, PART VI, LINE 7B - ELECTION OF DIRECTORS FROM AMONG THE SLATE OF CANDIDATES PRESENTED BY THE NOMINATING COMMITTEE. - DECREASE IN NUMBER OF BOARD DIRECTORS. - REMOVAL OF DIRECTORS WITHOUT CAUSE. FORM 990, PAGE 6, PART VI, LINE 11B THE FINANCCE AND BENEFITS MANAGER AND VICE PRESIDENT REVIEW THE 990. THEN PROVIDE TO BOARD TO ACCEPTS ON A CONSENT AGENDA. FORM 990, PAGE 6, PART VI, LINE 12C A CONFLICT OF INTEREST DISCLOSURE STATEMENT IS COMPLETED BY ALL BOARD MEMBERS AND EXECUTIVE OFFICERS OF GREATER MANKATO GROWTH AND VISIT MANKATO. THIS POLICY PERTAINS TO DIRECTORS, OFFICERS AND ALL EMPLOYEES WHO CAN INFLUENCE THE ACTIONS OF GREATER MANKATO GROWTH, INC. DISCLOSURE OF POTENTIAL CONFLICT SHOULD BE MADE TO THE CHIEF EXECUTIVE OFFICER (OR IF THE CEO HAS THE CONFLICT, THEN TO THE BOARD CHAIR), WHO SHALL BRING THE MATTER TO THE ATTENTION OF THE BOARD OR A DULY CONSTITUTED COMMITTEE THEREOF. DISCLOSURE INVOLVING DIRECTORS SHOULD BE MADE TO THE BOARD CHAIR, (OR IF THE BOARD CHAIR HAS A CONFLICT, THEN TO THE BOARD VICE-CHAIR) WHO SHALL BRING THESE MATTERS TO THE BOARD OR A DULY CONSTITUTED COMMITTEE THEREOF. THE BOARD OR A DULY CONSTITUTED COMMITTEE THEREOF SHALL DETERMINE WHETHER A CONFLICT EXISTS AND IN THE CASE OF AN EXISTING CONFLICT, WHETHER THE CONTEMPLATED TRANSACTION MAY BE AUTHORIZED AS JUST, FAIR AND REASONABLE TO GREATER MANKATO GROWTH, INC. THE DECISION OF THE BOARD OR A DULY CONSTITUTED COMMITTEE THEREOF ON THESE MATTERS WILL REST IN THEIR SOLE DISCRETION AND THEIR CONCERN MUST BE THE WELFARE OF GREATER MANKATO GROWTH, INC. AND THE ADVANCEMENT OF ITS PURPOSE. TRANSACTIONS WITH PARTIES WITH WHOM A CONFLICTING INTEREST EXISTS MAY BE UNDERTAKEN ONLY IF ALL OF THE FOLLOWING ARE OBSERVED: 1.THE CONFLICTING INTEREST IS FULLY DISCLOSED; 2.THE PERSON WITH THE CONFLICT OF INTEREST IS EXCLUDED FROM THE DISCUSSION AND APPROVAL OF SUCH TRANSACTION; 3.A COMPETITIVE BID OR COMPARABLE VALUATION EXISTS AND; 4.THE BOARD OR A DULY CONSTITUTED COMMITTEE THEREOF HAS DETERMINED THAT THE TRANSACTION IS IN THE BEST INTEREST OF THE ORGANIZATION. IT IS THE CONTINUING RESPONSIBILITY OF THE BOARD, OFFICERS, AND MANAGEMENT EMPLOYEES TO SCRUTINIZE THEIR TRANSACTIONS AND OUTSIDE BUSINESS INTERESTS AND RELATIONSHIPS FOR POTENTIAL CONFLICTS AND TO IMMEDIATELY MAKE SUCH DISCLOSURES. FORM 990, PAGE 6, PART VI, LINE 15A THE ORGANIZATION'S CEO, EXECUTIVE DIRECTOR, OR TOP MANAGEMENT OFFICIAL UPDATE: THE EXECUTIVE COMMITTEE AND BOARD OF DIRECTORS, RENEWED ITS EVALUATION OF THE POSITION DESCRIPTION AND PERFORMANCE EXPECTATIONS IN COMPARISON WITH OTHER NONPROFIT, PUBLIC, HIGHER EDUCATION, AND FOR PROFIT ENTITIES. THE ORGANIZATION AND PRESIDENT & CEO HAVE AGREED TO AN EXECUTIVE EMPLOYMENT AGREEMENT SPECIFYING TERMS AND COMPENSATION RELATED TO PERFORMANCE FROM MAY 1, THRU DECEMBER 31. FORM 990, PAGE 6, PART VI, LINE 15B OTHER OFFICERS OR KEY EMPLOYEES OF THE ORGANIZATION UPDATE: THE ORGANIZATION'S OTHER PAID OFFICER IS ITS EXECUTIVE VICE PRESIDENT. THE PRESIDENT AND CEO CONTINUALLY EVALUATE THE POSITION DESCRIPTION AND PERFORMANCE EXPECTATIONS IN COMPARISON WITH OTHER NONPROFIT AND COMMUNITY ORGANIZATIONS, AND USES THIS REFLECTION TO AWARD ADJUSTMENTS ON ANNUAL PERFORMANCE REVIEWS. THE EXECUTIVE VICE PRESIDENT LEFT EMPLOYMENT IN JUNE OF 2016 AND AS OF TODAY WE HAVE NOT REHIRED AND AT THE MOMENT ARE NOT LOOKING TO REHIRE THAT POSITION. FORM 990, PAGE 6, PART VI, LINE 19 THE ORGANIZATION'S GOVERNING DOCUMENTS ARE AVAILABLE UPON REQUEST; HOWEVER, NO REQUEST WAS MADE IN THE CURRENT YEAR. FORM 990, PART XI, LINE 9 BOOK/TAX DEPRECIATION DIFFERENCE -6,956 INVESTMENT EXPENSES -7,462 TOTAL -14,418 VISIT MANKATO LLC 3 CIVIC CENTER PLAZA SUITE 100 MANKATO MN 56001 411446548 PROMOTION MN 992988 819234 GMG INC CITY CENTER PARTNERSHIP LLC 3 CIVIC CENTER PLAZA SUITE 100 MANKATO MN 56001 PROMOTION MN 45490 70107 GMG INC GREENSEAM LLC 3 CIVIC CENTER PLAZA SUITE 100 MANKATO MN 56001 PROMOTION MN 328055 704895 GMG INC GREATER MANKATO GROWTH INC FOUND 3 CIVIC CENTER PLAZA MANKATO MN 56001 472790832 GRANTS MN 3 7 GMG INC true GREENSEAM FUTURES 3 CIVIC CENTER PLAZA MANKATO MN 56001 882909608 GRANTS MN 3 7 GMG INC true false false false false false false false false false false false false false false false false false false false