Park Rapids Convention & Visitors Bureau Inc
501(c)(6)Community
Only null% goes to programs Strong reserves
Park Rapids Convention & Visitors Bureau Inc is a 501(c)(6) organization based in Park Rapids, Minnesota, registered in 2001, with $150,634 in FY2024 revenue. CharityIndex grades it B.
Po Box 255, Park Rapids, MN, 56470 EIN 41-1984255 Since 2001
Revenue (FY2024)
$151K
▲ 120.3% vs prior year
Community median: $184K
Expenses (FY2024)
$83K
Net assets
$131K
Employees
—
CharityIndex rating
One independent A+ to F grade from four published criteria, each scored separately from IRS filings and combined by weight.
B
★★★★
Rated on 2 of 4 criteria — the rest aren't reported in this filing type.
Held down by its weakest criterion — a strong score on one criterion can't hide a weak one.
How the rating works →—Program efficiency40% of the ratingNo expense breakdown in filings
Measures how much of every dollar spent actually reaches programs, plus what it costs to raise $100 of donations. The worse of the two measures sets the letter (85%+ to programs is an A; under $15 to raise $100 is an A), averaged over the three most recent filings. Not scored for Park Rapids Convention & Visitors Bureau Inc— this filing type doesn't report it, and the rating simply skips it (never counts it against the organization). See the exact thresholds →
AFinancial health25% of the rating19 mo reserves · +45% margin
Measures whether the organization is built to last: how many months its reserves would cover expenses (3+ months earns an A-range score, but hoarding 5+ years of budget is capped) and whether it runs a surplus or a deficit. For Park Rapids Convention & Visitors Bureau Inc: 19 mo reserves · +45% margin earns a A on this criterion. See the exact thresholds →
—Governance25% of the ratingNot reported in this filing type
Checks how the organization is run, from its own Form 990: an independent board majority, a board of five or more, conflict-of-interest, whistleblower and document-retention policies, and independently audited financials. The share of disclosed checks that pass sets the letter. Not scored for Park Rapids Convention & Visitors Bureau Inc— this filing type doesn't report it, and the rating simply skips it (never counts it against the organization). See the exact thresholds →
CTransparency10% of the rating2 of 5 disclosure signals
Counts five disclosure signals: a recent filing, a mission statement, program descriptions, a listed website, and the full expense breakdown. More disclosure, better letter. For Park Rapids Convention & Visitors Bureau Inc: 2 of 5 disclosure signals earns a C on this criterion. See the exact thresholds →
Show this grade on your website
A live seal — it updates automatically when the grade changes and links donors to this verified profile.
Contact & location
- Address
- Po Box 255, Park Rapids, MN, 56470
- City
- Park Rapids
- State
- Minnesota
- Subcategory
- Business & Industry Associations
- Website
- …
Financial trends
Revenue grew from $68K (FY2016) to $151K (FY2024) across 9 reported years.
Financial snapshot
Financial health & position (FY2024)
Liabilities $0Net assets $131K
Operating margin
44.9%
Revenue exceeded expenses in the latest fiscal year.
Total assets
$131K
Total liabilities
$0
Net assets
$131K
Financials by year
| Fiscal year | Revenue | Expenses | Net assets | Total assets | Form |
|---|---|---|---|---|---|
| 2024 | $150,634▲120% | $82,968▼15.7% | $130,811▲107% | $130,811▲107% | 990EZ |
| 2023 | $68,372▼28.1% | $98,441▼16.9% | $63,145▼32.3% | $63,145▼32.3% | 990EZ |
| 2022 | $95,088▼29.3% | $118,411▲10.6% | $93,214▼20.0% | $93,214▼20.0% | 990EZ |
| 2021 | $134,533▲101% | $107,027▲67.6% | $116,537▲30.9% | $116,537▲28.4% | 990EZ |
| 2020 | $66,890▲6.1% | $63,851▼31.2% | $89,031▲3.5% | $90,787▲4.8% | 990EZ |
| 2019 | $63,043▼31.8% | $92,857▼11.2% | $85,992▼25.7% | $86,592▼25.2% | 990EZ |
| 2018 | $92,382▲11.5% | $104,559▲46.6% | $115,806▼9.5% | $115,806▼9.5% | 990EZ |
| 2017 | $82,887▲21.8% | $71,320▲26.0% | $127,983▲9.9% | $127,983▲9.9% | 990EZ |
| 2016 | $68,033 | $56,610 | $116,416 | $116,416 | 990EZ |
Original Form 990 PDFs (the Form column) are served by ProPublica Nonprofit Explorer, as filed with the IRS. Create a free account to download the CSV report.
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Frequently asked questions
- Is Park Rapids Convention & Visitors Bureau Inc a legitimate nonprofit?
- Yes. Park Rapids Convention & Visitors Bureau Inc is a 501(c)(6) organization registered with the U.S. Internal Revenue Service under EIN 41-1984255, based in Park Rapids, Minnesota.
- What is Park Rapids Convention & Visitors Bureau Inc's EIN?
- Park Rapids Convention & Visitors Bureau Inc's Employer Identification Number (EIN) is 41-1984255.
- How much revenue does Park Rapids Convention & Visitors Bureau Inc report?
- Park Rapids Convention & Visitors Bureau Inc reported $150,634 in total revenue on its fiscal year 2024 IRS Form 990 filing.
- What financial grade does Park Rapids Convention & Visitors Bureau Inc have?
- CharityIndex grades Park Rapids Convention & Visitors Bureau Inc B, based on financial health (reserves and operating margin).
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Data for Park Rapids Convention & Visitors Bureau Inc (EIN 41-1984255) comes from the IRS Business Master File and e-filed Form 990 returns, via CharityIndex. Figures reflect what the organization reported to the IRS for each fiscal year.