Form990
Click to see attachment
Department of the Treasury
Internal Revenue Service
Return of Organization Exempt From Income Tax
Under section 501(c), 527, or 4947(a)(1) of the Internal Revenue Code (except black lung benefit trust or private foundation)

MediumBullet The organization may have to use a copy of this return to satisfy state reporting requirements.
OMB No. 1545-0047
2010
Open to Public Inspection
A For the calendar year, or tax year beginning 01-01-2010 and ending 12-31-2010
BCheck if applicable:
CName of organization
GREATER MANKATO GROWTH INC
 
Doing Business As
 
 
Number and street (or P.O. box if mail is not delivered to street address)
1961 PREMIER DR NO 100
 
Room/suite
City or town, state or country, and ZIP + 4
MANKATO, MN56001
D Employer identification number

41-1446548
E Telephone number

G Gross receipts $ 1,610,849
F Name and address of principal officer:
JONATHAN ZIERDT
1961 PREMIER DR NO 100
MANKATO,MN56001
I
Tax-exempt status: ( 6 ) LeftBullet (insert no.) or
J
Website:MediumBullet
WWW.GREATERMANKATO.COM
H(a)
Is this a group return for
affiliates?
H(b)
Are all affiliates included?
If "No," attach a list. (see instructions)
H(c)
Group exemption number MediumBullet  
K Form of organization:
 
L Year of formation: 1982
M State of legal domicile: MN
Part I
Summary
Activities & Governance 1 Briefly describe the organization’s mission or most significant activities: TO PROMOTE THE ECONOMIC GROWTH AND VITALITY OF OUR MEMBERS AND THE REGIONAL MARKETPLACE.
2 Check this box MediumBullet
3 Number of voting members of the governing body (Part VI, line 1a) .... 3 24
4 Number of independent voting members of the governing body (Part VI, line 1b) .... 4 24
5 Total number of individuals employed in calendar year 2010 (Part V, line 2a) ... 5 31
6 Total number of volunteers (estimate if necessary) .... 6 800
7a Total unrelated business revenue from Part VIII, column (C), line 12 .. 7a 0
b Net unrelated business taxable income from Form 990-T, line 34 .. 7b 0
Revenues; Prior Year Current Year
8 Contributions and grants (Part VIII, line 1h) ......... 210,873 205,547
9 Program service revenue (Part VIII, line 2g) ......... 1,257,687 1,328,208
10 Investment income (Part VIII, column (A), lines 3, 4, and 7d ) .... 26,965 21,243
11 Other revenue (Part VIII, column (A), lines 5, 6d, 8c, 9c, 10c, and 11e) 4,410 -8,103
12 Total revenue—add lines 8 through 11 (must equal Part VIII, column (A), line 12)................... 1,499,935 1,546,895
Expenses; 13 Grants and similar amounts paid (Part IX, column (A), lines 1–3 )... 0 43,750
14 Benefits paid to or for members (Part IX, column (A), line 4) .... 0 0
15 Salaries, other compensation, employee benefits (Part IX, column (A), lines 5–10) 797,032 841,540
16a Professional fundraising fees (Part IX, column (A), line 11e).... 0 0
b Total fundraising expenses (Part IX, column (D), line 25) MediumBullet0    
17 Other expenses (Part IX, column (A), lines 11a–11d, 11f–24f).... 693,657 643,033
18 Total expenses. Add lines 13–17 (must equal Part IX, column (A), line 25) 1,490,689 1,528,323
19 Revenue less expenses. Subtract line 18 from line 12...... 9,246 18,572
Net Assets or Fund Balances; Beginning of Current Year End of Year
20 Total assets (Part X, line 16)............ 1,897,974 1,793,921
21 Total liabilities (Part X, line 26)............ 469,216 346,591
22 Net assets or fund balances. Subtract line 21 from line 20 ..... 1,428,758 1,447,330
Part II
Signature Block
Under penalties of perjury, I declare that I have examined this return, including accompanying schedules and statements, and to the best of my knowledge and belief, it is true, correct, and complete. Declaration of preparer (other than officer) is based on all information of which preparer has any knowledge.
Sign Here
JumboBullet
Signature of officer Date
JumboBullet
Type or print name and title.
Paid Preparer's Use Only Preparer's
signatureBig Right Arrow 		Date
right pointing bullet image Preparer’s taxpayer identification number
(see instructions)
Firm’s name (or yours
if self-employed),
address, and ZIP + 4Big Right Arrow




 		EIN right pointing bullet image
Phone no. right pointing bullet image
May the IRS discuss this return with the preparer shown above? (see instructions) .........
For Privacy Act and Paperwork Reduction Act Notice, see the separate instructions.
Cat. No. 11282Y
Form 990 (2010)
Form 990 (2010)
Page 2
Part III
Statement of Program Service Accomplishments
Check if Schedule O contains a response to any question in this Part III . . . . . . . . . .
1
Briefly describe the organization’s mission: GREATER MANKATO GROWTH, INC. EXISTS TO SUPPORT AND PROMOTE THE ECONOMIC GROWTH AND VITALITY OF OUR MEMBERS AND THE REGIONAL MARKETPLACE.
2
Did the organization undertake any significant program services during the year which were not listed on
the prior Form 990 or 990-EZ? ....................
If “Yes,” describe these new services on Schedule O.
3
Did the organization cease conducting, or make significant changes in how it conducts, any program services? ..........................
If “Yes,” describe these changes on Schedule O.
4
Describe the exempt purpose achievements for each of the organization’s three largest program services by expenses.
Section 501(c)(3) and 501(c)(4) organizations and section 4947(a)(1) trusts are required to report the amount of grants and allocations to others, the total expenses, and revenue, if any, for each program service reported.
4a (Code:   ) (Expenses $   including grants of $   ) (Revenue $   )
EXISTING BUSINESS SUPPORT, NEW BUSINESS GROWTH, BUSINESS PROMOTION AND TALENT DEVELOPMENT EXISTING BUSINESS SUPPORT-PROVIDING AND CONNECTING OUR REGION'S BUSINESSES WITH THE INFORMATION AND SERVICES THEY NEED TO BE SUCCESSFUL.-PROVIDED UP-TO-DATE BUSINESS INFORMATION TO BUSINESSES THROUGH E-NEWS, MINNESOTA VALLEY BUSINESS AND AN ENHANCED GREATERMANKATO.COM. -CONDUCTED 29 FORMAL EXISTING BUSINESS SUPPORT VISITS TO AREA COMPANIES AS PART OF THE STATE-WIDE GROWMINNESOTA! PROGRAM. -PROVIDED EXPANSION AND DEVELOPMENT ASSISTANCE TO 33 EXISTING BUSINESSES.-FACILITATED INDUSTRY-SPECIFIC INFORMATION & DIALOGUE OPPORTUNITIES.-WORKED WITH MANUFACTURERS WHO EXPRESSED INTEREST IN GETTING TOGETHER TO DISCUSS OPPORTUNITIES IN THE RENEWABLE ENERGY SECTOR, AS AN OUTGROWTH OF SUPPORT THAT GMG PROVIDED TO ENVISION 2020 AND THE ENERGY DIVERSIFICATION STEERING COMMITTEE'S ACTIVITIES. THE RENEWABLE ENERGY SUPPLY CHAIN DEVELOPMENT GROUP WAS FORMED AND CONTINUES TO GROW ORGANICALLY AS MORE HAVE HEARD ABOUT ITS EXISTENCE AND HAVE INTEREST IN EXPANDING THEIR COMPANY'S ROLE IN THE RAPIDLY EVOLVING RENEWABLE ENERGY AND MATERIALS BUSINESS SECTOR. BI-MONTHLY MEETINGS ARE BEING HOSTED BY GREATER MANKATO COMPANIES FOR OTHERS TO TOUR THEIR FACILITIES, DISCUSS THEIR EXISTING BUSINESS IN THE RENEWABLE ENERGY AND MATERIALS SECTOR AND DISCUSS OPPORTUNITIES FOR DEVELOPING MORE SUPPLY CHAIN CONNECTIONS REGIONALLY. THE GROUP NOW INCLUDES 21 REGIONAL MANUFACTURERS AND A VARIETY OF EDUCATION AND OTHER PUBLIC RESOURCE MEMBERS. -COLLABORATED WITH THE MINNESOTA CHAMBER OF COMMERCE TO AWARD $125,000 IN GRANTS AND $68,000 IN LOANS TO 3 BUSINESSES THROUGH THE POHLAD GRANT PROGRAM.-HELD THE GREATER MANKATO BUSINESS AWARDS & HALL OF FAME, HONORING 6 ORGANIZATIONS AND 5 OUTSTANDING PROFESSIONALS AND 6 CITY CENTER DESIGN AWARDS OF EXCELLENCE. -HELPED 76 ORGANIZATIONS MARK MAJOR MILESTONES; GROUNDBREAKINGS, EXPANSIONS, NEW BUSINESSES, ETC. THROUGH VISITS FROM THE GREATER MANKATO AMBASSADORS. NEW BUSINESS GROWTH-ATTRACTING AND HELPING NEW BUSINESSES START AND LOCATE IN OUR REGION, RESULTING IN A STRONGER, MORE DIVERSE BUSINESS CLIMATE.-PROVIDED ENTREPRENEUR SUPPORT THROUGH THE GREATER MANKATO BUSINESS ACCELERATOR, A PROGRAM OF GREATER MANKATO GROWTH, THE CITY OF MANKATO AND REGIONAL ECONOMIC DEVELOPMENT PARTICIPANTS THAT CONNECTS ENTREPRENEURS TO AREA RESOURCES, INCLUDING: -PROVIDING ASSISTANCE TO 98 CLIENTS IN 2010 -HELPING 27 PRIMARY ECONOMY CLIENTS GROW THEIR BUSINESS THROUGH THE ACCELERATOR'S FORMAL BUSINESS BUILDING PROGRAM, GREATER MANKATO BUSINESS ACCELERATOR-AWARDING A TOTAL OF $15,000 IN SEED FUNDING THROUGH THE BRIAN FAZIO BUSINESS CREATION PROJECT-PARTNERING WITH OTHER AGENCIES TO PROVIDE SERVICES TO ENTREPRENEURS THROUGH PROGRAMS SUCH AS THE MINNESOTA MARKETPLACE FOR ENTREPRENEURS AND LEGAL CLINIC -PROVIDED PERSONALIZED ASSISTANCE FOR NEW OR POTENTIAL BUSINESSES, WITH 32 INQUIRIES RESULTING IN 28 PROPOSALS OR FORMAL ASSISTANCE AND 5 FACE-TO-FACE COMPANY VISITS. TO DATE 23 OF THESE PROSPECTS REMAIN ACTIVE AND 2 ARE ON HOLD BUT STILL CONSIDERING GREATER MANKATO FOR EXPANSION. -ENHANCED ONLINE RESOURCES AVAILABLE TO SITE SELECTORS AND BUSINESSES IN THE BUSINESS SECTION OF GREATERMANKATO.COM-COORDINATED THE REGIONAL ECONOMIC DEVELOPMENT ALLIANCE WITH 8 CITIES AND 2 COUNTIES TO ENABLE GREATER MANKATO GROWTH TO PROVIDE REGIONALLY COORDINATED ECONOMIC DEVELOPMENT EFFORTS AND TO PROMOTE THE COLLECTIVE ASSETS OF THE GREATER MANKATO REGION TO THE WORLD. CITIES: AMBOY, EAGLE LAKE, LAKE CRYSTAL, LESUEUR, MADISON LAKE, MANKATO, MAPLETON, ST. PETER COUNTIES: BLUE EARTH AND NICOLLET.-COLLABORATED WITH THE BIOBUSINESS ALLIANCE OF MINNESOTA, MINNESOTA DEPARTMENT OF EMPLOYMENT AND ECONOMIC DEVELOPMENT, THE INTERNATIONAL RENEWABLE ENERGY TECHNOLOGY INSTITUTE AND MINNESOTA STATE UNIVERSITY, MANKATO TO FURTHER BIO BUSINESS OPPORTUNITIES IN THE AREA.-WORKED WITH SOUTHERN MINNESOTA INITIATIVE FOUNDATION, AGSTAR, THE AGRICULTURE UTILIZATION RESEARCH INSTITUTE AND OTHER GROUPS ACROSS SOUTHERN MINNESOTA TO IDENTIFY STRATEGIES THE REGION CAN USE TO DIFFERENTIATE ITSELF IN OUR EVOLVING GLOBAL ECONOMY.-CONTINUED TO WORK WITH THE TWO RIVES ANGEL INVESTORS NETWORK, A POOLED NETWORK OF INVESTORS UTILIZING LOCAL CAPITAL AND TALENT TO ATTRACT DEVELOPMENT OPPORTUNITIES IN THE AREA.-INTRODUCED NEW BUSINESSES TO THE RENEWABLE ENERGY SUPPLY CHAIN DEVELOPMENT GROUP OF EXISTING BUSINESS MEMBERS.-CONTRIBUTED TO THE SOUTH CENTRAL SMALL BUSINESS DEVELOPMENT CENTER'S MISSION OF ASSISTING NEW AND EXISTING BUSINESSES WITH PLANNING AND FUNDING PREPAREDNESS AND PARTICIPATED ON THE SBDC ADVISORY BOARD.BUSINESS PROMOTION-PROVIDING BUSINESSES WITH OPPORTUNITIES TO CONNECT WITH AND MARKET TO THEIR FELLOW BUSINESSES AND CONSUMERS-ORGANIZED A TOUR OF MANUFACTURING EVENT DURING MN MANUFACTURING WEEK, WHICH SHOWCASED 11 AREA MANUFACTURING COMPANIES TO THE PUBLIC(IN PARTNERSHIP WITH THE SOUTH CENTRAL MN ECONOMIC COLLABORATIVE, AND ENTERPRISE MN)-ENHANCED GREATER MANKATO'S ONLINE BUSINESS DIRECTORY, GREATERMANKATODIRECTORY.COM, TO INCLUDE ALL BUSINESSES IN GREATER MANKATO, WITH GMG MEMBERS GIVEN THE OPPORTUNITY OF ENHANCING THEIR LISTING BY ADDING KEYWORDS, DESCRIPTIONS, PHOTOS, CONTACTS AND HOT DEALS.-CONTINUED THE BUY & BUILD GREATER MANKATO PROGRAM TO ENCOURAGE BUSINESSES WHEN POSSIBLE TO PURCHASE A MAJORITY OF THEIR PRODUCTS FROM REGIONALLY LOCATED BUSINESSES, WITH 100+ BUSINESSES COMMITTING TO THE BUY & BUILD PROGRAM IN 2010. -HELD THE GREATER MANKATO BUSINESS SHOWCASE TO GIVE GREATER MANKATO GROWTH MEMBERS THE OPPORTUNITY TO SHOWCASE THEIR PRODUCTS AND SERVICES IN A LARGE EVENT THAT WELCOMED ANYONE IN THE GREATER MANKATO BUSINESS COMMUNITY. -GAVE GREATER MANKATO GROWTH MEMBERS THE OPPORTUNITY TO GATHER WITH ONE ANOTHER TO EXCHANGE IDEAS AND PROMOTE THEIR BUSINESSES THROUGH MONTHLY BUSINESS AFTER HOURS(ATTENDED BY 150-285 PEOPLE EACH MONTH), BUSINESS BEFORE HOURS(ATTENDED BY 60-80 PEOPLE EACH MONTH),THE ANNUAL GREATER MANKATO ON THE GREEN GOLF EVENT, THE BUSINESS AWARDS & HALL OF FAME EVENT AND THE GREATER MANKATO GROWTH ANNUAL MEETING. -PROVIDED ENHANCED MARKETING OPPORTUNITIES FOR GREATER MANKATO GROWTH MEMBERS IN THE FORM OF SPONSORSHIPS OF EVENTS, PROGRAM AND COMMUNICATION MATERIALS.-CONDUCTED VISITS AND PUBLICIZED ALL NEW GREATER MANKATO GROWTH MEMBERS WITH HELP FROM THE GREATER MANKATO CAVALIERS, WHO MADE 62 VISITS IN 2010. TALENT DEVELOPMENT-ENSURING EMPLOYERS HAVE ACCESS TO A TALENTED WORKFORCE AND EMPLOYEES HAVE OPPORTUNITIES TO ENHANCE THEIR SKILLS.-AWARDED THE MANKATO AREA PUBLIC SCHOOLS A PLANNING GRANT TO RESEARCH BEST PRACTICE CAREER EDUCATION MODELS THAT COULD BE EFFECTIVE FOR OUR PARTNERSHIP. A TASKFORCE OF BUSINESS AND EDUCATION REPRESENTATIVES DEVELOPED A 5 YEAR PLAN TO ENHANCE THE CAREER READINESS PROGRAMMING TO REACH MORE STUDENTS IN 7TH-12TH GRADES AND EMBED 21ST CENTURY SKILLS ACROSS THE SECONDARY CURRICULUM.-CONTINUED K-12 CAREER READINESS EFFORTS THROUGH A PARTNERSHIP WITH GREATER MANKATO GROWTH, MANKATO AREA PUBLIC SCHOOLS AND SOUTH CENTRAL SERVICE COOP THAT FUNDS A POSITION AND DELIVERS THE FOLLOWING PROGRAMS:-GREATER MANKATO CAREER EXPO(ENJOYED BY 1,200 HIGH SCHOOL STUDENTS IN 2010)-BUSINESS TOURS TO A VARIETY OF BUSINESSES-BUSINESS SPEAKERS AND CLASSROOM VOLUNTEERS-CAREER SHADOWING AND INTERNSHIPS-COORDINATED THE GREATER MANKATO CAMPUS & COMMUNITY FAIR AT MINNESOTA STATE UNIVERSITY-MANKATO WHICH HAD 99 BUSINESS/ORGANIZATION EXHIBITORS AND 1,500 STUDENT ATTENDEES.-MADE INTERNSHIP CONNECTIONS WITH 5 AREA COLLEGES AND LOCAL BUSINESSES.-COMMUNITY & COLLEGE ALUMNI OUTREACH PLANNING OCCURRED WITH MSU'S ALUMNI OFFICE.-LEADERS OF TOMORROW PARTNERED WITH MSU'S HONOR'S PROGRAM TO SERVE 18 STUDENTS.-RECEIVED THE 2010 EXCELLENCE AWARD FROM NASPA(STUDENT AFFAIRS ADMINISTRATORS IN HIGHER EDUCATION ASSOCIATION)FOR THE COLLABORATION OF THE LEADERS OF TOMORROW PROGRAM.-GREW THE PARTICIPATION OF THE GREATER MANKATO YOUNG PROFESSIONALS TO 85 IN 2010.-COORDINATED 12 SOCIAL EVENTS AND 12 PROFESSIONAL GROWTH EVENTS FOR THE YP'S.-GRADUATED THE 2009-10 GREATER MANKATO LEADERSHIP INSTITUTE STUDENTS AND CELEBRATED THE PROGRAM'S 25TH ANNIVERSARY!-STARTED THE 2010-11 LEADERSHIP INSTITUTE SESSION WITH 25 STUDENTS.-COMMUNICATED AREA PROFESSIONAL DEVELOPMENT OPPORTUNITIES THROUGH GREATERMANKATEVENTS.COM AND ENEWS AND PARTNERED WITH MSU-MANKATO'S COLLEGE OF BUSINESS TO DEVELOP THE "BIG IDEAS" SPEAKER SERIES.-FINALIZED THE SOUTHERN MINNESOTA INITIATIVE FOUNDATION GRANT TO ENGAGE ELDERS IN THE WORKPLACE THROUGH PROGRAMS CALLED "WOW" AND "SENIORTECH", AND A BUSINESS FORUM HELD IN THE FALL TO HELP EMPLOYERS LOOK AT SOME BEST PRACTICE IDEAS.-BEGAN A NEW PROJECT WITH ISEEK AND THE OUR WORKFORCE DEVELOPMENT PARTNERS TO DEVELOP ONLINE TOOLS TO CONNECT AREA BUSINESSES WITH STUDENTS AND PROSPECTIVE NEW EMPLOYEES.-REFERRED MORE HUMAN RESOURCE DIRECTORS TO UTILIZE THE ONLINE COST OF LIVING INDEX AS THEY RECRUIT NEW EMPLOYEES.
4b (Code:   ) (Expenses $   including grants of $   ) (Revenue $   )
COMMUNITY MARKETING AND VISITOR ATTRACTION & SERVICING ACTIVITIESCOMMUNITY MARKETING - POSITIONING GREATER MANKATO AS THE IDEAL LOCATION FOR BUSINESSES TO LOCATE AND PEOPLE TO LIVE- ENHANCED AND PROMOTED THE COMPREHENSIVE COMMUNITY-WIDE EVENTS CALENDAR, GREATERMANKATOEVENTS.COM, A COLLABORATION OF GREATER MANKATO GROWTH, GREATER MANKATO CONVENTION & VISITOR BUREAU, TWIN RIVERS CENTER FOR THE ARTS, VOYAGEUR WEB.- PROVIDED RESIDENT AND RELOCATION INFORMATION ON OUR COMMUNITY PORTAL WEBSITE GREATERMANKATO.COM/COMMUNITY. - REFRESHED THE ONLINE COST OF LIVING INDEX TOOL ON OUR WEBSITE TO LET POTENTIAL RESIDENTS KNOW ABOUT THE BENEFITS OF LIVING IN GREATER MANKATO. - CREATED COMMUNITY BRANDING MATERIALS, WITH THE THEME "GREATER MANKATO - GREATER OPPORTUNITIES" - WHICH INCLUDED A TRADE SHOW DISPLAY, A WALL DISPLAY AT THE GREATER MANKATO OFFICES AND IMPLEMENTED PROACTIVE MARKETING IN 2010. - TRAINED OVER 30 VOLUNTEERS TO SERVE AS "COMMUNITY CONCIERGES" IN THE VISITOR & COMMUNITY INFORMATION CENTER.- ASSISTED THE MANKATO AREA HEALTHY YOUTH WITH THE APPLICATION FOR THE AMERICA'S PROMISE AWARD FOR THE 100 BEST COMMUNITIES FOR YOUNG PEOPLE WHICH WE RECEIVED FOR THE 4TH YEAR IN A ROW.VISITOR ATTRACTION & SERVICING - PROMOTING AND DELIVERING SERVICES THAT MAKE GREATER MANKATO A PLACE PEOPLE AND BUSINESSES WANT TO VISIT OR HAVE AN EVENTTHE GREATER MANKATO CONVENTION & VISITORS BUREAU (CVB) IS AN LLC OF GREATER MANKATO GROWTH, INC. SOLEY FOCUSED ON MARKETING THE REGION TO DRIVE VISITORS TO THE COMMUNITY THROUGH TOURNAMENTS, CONVENTIONS AND TOURISM. - PRODUCED A TOTAL OF $6,459,675 IN ECONOMIC IMPACT FOR GREATER MANKATO IN 2010 REPRESENTING A 10% INCREASE FROM 2009 NUMBERS. - CONFIRMED (SOLD) 25 CONVENTIONS IN 2010 FOR CONFERENCES THAT WERE HELD IN 2010 OR IN FUTURE YEARS, UP FROM 18 IN 2009.- ASSISTED WITH 27 CONVENTIONS HELD IN MANKATO IN 2010 BRINGING IN AN ESTIMATED 8,591 HOTEL ROOMS BOOKED COMPARED TO 17 EVENTS WITH 5,148 ROOMS BOOKED IN 2009.- ASSISTED WITH 35 TOURNAMENTS WITH 8,140 BOOKED HOTEL ROOMS REPRESENTING $3.7 MILLION IN ECONOMIC IMPACT.- LEISURE INQUIRIES FROM MAGAZINES AND GENERAL CALL-INS WERE DOWN 17%. HOWEVER, WEBSITE VISITS INCREASED 127%.- HOSTED THE INAUGURAL MANKATO MARATHON IN PARTNERSHIP WITH FINAL STRETCH, A RACE MANAGEMENT COMPANY OUT OF NERSTRAND, MN. THE EVENT WAS A TREMENDOUS SUCCESS WITH APPROXIMATELY 2,200 RUNNERS TOTAL RUNNING IN EITHER THE KIDS K, 10K, HALF MARATHON, FULL MARATHON OR RELAY. IT IS ESTIMATED APPROXIMATELY 5,000-6,000 SPECTATORS WATCHED THE RACE WITH OVER 550 VOLUNTEERS ASSISTING.- FORMED AN EVENTS COMMISSION CONSISTING OF COMMUNITY LEADERS INTERESTED IN BRINGING LARGE COMMUNITY EVENTS, TOURNAMENTS AND COMPETITIONS TO THE COMMUNITY AND WORKING TO REMOVE BARRIERS TO GROWTH IN THIS AREA. THEY IMPLEMENTED IDEA SEARCH WHICH IS AN INITIATIVE TO GET INPUT FROM COMMUNITY MEMBERS ON POSSIBLE EVENTS TO BRING TO GREATER MANKATO.- GREATER MANKATO GROWTH AND THE GREATER MANKATO CONVENTION & VISITORS BUREAU PARTNERED TO CREATE A NEW GREATER MANKATO VISITOR AND COMMUNITY INFORMATION CENTER IN THE RIVER HILLS MALL TO LET VISITORS AND RESIDENTS KNOW ABOUT THE ASSETS OF GREATER MANKATO (OPENED MARCH, 2010).- CONTINUED PARTNERSHIP WITH OTHER LOCAL ORGANIZATIONS TO MAINTAIN AND CONTINUE IMPROVEMENTS ON GREATERMANKATOEVENTS.COM - A COMMUNITY-WIDE EVENTS CALENDAR THAT LETS VISITORS KNOW WHAT'S HAPPENING IN GREATER MANKATO.- ENGAGED VIKINGS FANS AT VIKINGS TRAINING CAMP (BROUGHT IN OVER 60,000 ATTENDEES) THROUGH JARED'S JOURNEY, A SCAVENGER HUNT THAT ENCOURAGED FANS TO VISIT ATTRACTIONS THROUGHOUT MANKATO.- HOSTED THE FIRST ANNUAL GREATER MANKATO TOURISM CELEBRATION IN HONOR OF NATIONAL TRAVEL & TOURISM WEEK.
4c (Code:   ) (Expenses $   including grants of $   ) (Revenue $   )
PUBLIC AFFAIRS AND CIVIC ENGAGEMENT ACTIVITIES PUBLIC AFFAIRS - PROVIDING INFORMATION ABOUT PUBLIC POLICY ISSUES AND INTERACTIONS WITH PUBLIC POLICY LEADERS IN AREAS IMPACTING BUSINESS- HOSTED 2 ISSUES FORUMS IN 2010 (UNEMPLOYMENT INSURANCE AND HIGHER EDUCATION FUNDING).- SURVEYED CITY, COUNTY, STATE AND FEDERAL CANDIDATES AND POSTED THEIR RESPONSES ONLINE PRIOR TO ELECTIONS; WITH THE PUBLIC AFFAIRS SECTION OF OUR WEBSITE RECEIVING 1,603 UNIQUE VISITS DURING THE ELECTIONS.- PROMOTED AND MODERATED 14 CANDIDATE INFORMATION FORUMS WITH 335 PEOPLE ATTENDING.- COMMUNICATED WITH THE BUSINESS COMMUNITY TO INFORM THEM OF THE WORK OF LOCAL ADVOCACY GROUPS, INCLUDING SOUTHERN MINNESOTA ADVOCATES AND CITY CENTER PARTNERSHIP ADVOCACY EFFORTS.- PROVIDED OPPORTUNITIES FOR FACE-TO-FACE MEETINGS AND DIALOGUE BETWEEN BUSINESS AND POLICY LEADERS. (E.G., GOVERNOR PAWLENTY ATTENDED BUSINESS BEFORE HOURS)- PARTNERED WITH AREA LEGISLATIVE REPRESENTATIVES ON A SMALL BUSINESS SURVEY.- COORDINATED THE FIRST GREATER MANKATO DAY AT THE CAPITOL WITH APPROXIMATELY 30 LEGISLATORS AND 150 COMMUNITY MEMBERS ATTENDING.CIVIC ENGAGEMENT - ENGAGING BUSINESSES IN COMMUNITY VISIONING ACTIVITIES AND WORKING WITH OTHER COMMUNITY GROUPS TO ENSURE PROGRESS IS MONITORED AND INFORMATION SHARED - WORKED WITH ENVISION 2020 IMPLEMENTATION TEAM TO: -MAINTAIN THE E2020 WEBSITE -PLAN A 2010 E2020 ANNUAL MEETING, WITH 130 ATTENDEES -CREATE MONTHLY E2020 PROGRESS REPORTS APPEARING IN MANKATO MAGAZINE -ASSIST WITH NUMBEROUS E2020 INITIATIVES- HELPED COORDINATE AND SUPPORT THE CITY CENTER PARTNERSHIP'S EFFORTS TO: - HIRE A PART-TIME COORDINATOR - LAUNCH 3 CITY CENTER BEAUTIFICATION PROJECTS: CITY CENTER DESIGN AWARD OF EXCELLENCE PROGRAM, ADOPT A PLANTER PROGRAM, AND THE CITY ART WALKING SCULPTURE TOUR (INSTALLATION MAY 2011) - TAKE A LEADERSHIP ROLE IN MOBILIZING SUPPORT FOR THE PERFORMING ARTS CENTER - IMPLEMENT COOPERATIVE MARKETING AND PROMOTION STRATEGIES TO INCREASE TRADE AND TRAFFIC IN THE CITY CENTER - CONTINUE TO IMPLEMENT AND REFRESH THE 5 YEAR STRATEGIC PLAN
4d Other program services. (Describe in Schedule O.)
(Expenses $   including grants of $   ) (Revenue $   )
4e Total program service expensesMediumBullet$  
Form 990 (2010)
Form 990 (2010)
Page 3
Part IV
Checklist of Required Schedules
Yes
No
1
Is the organization described in section 501(c)(3) or 4947(a)(1) (other than a private foundation)? If “Yes,” complete Schedule A.....................
1
 
No
2
Is the organization required to complete Schedule B, Schedule of Contributors? Click to see attachment........
2
Yes
 
3
Did the organization engage in direct or indirect political campaign activities on behalf of or in opposition to candidates for public office? If “Yes,” complete Schedule C, Part IClick to see attachment..........
3
 
No
4
Section 501(c)(3) organizations. Did the organization engage in lobbying activities? If “Yes,” complete Schedule C,
Part II.........................
4
 
 
5
Is the organization a section 501(c)(4), 501(c)(5), or 501(c)(6) organization that receives membership dues, assessments, or similar amounts as defined in Revenue Procedure 98-19? If “Yes,” complete Schedule C, Part IIIClick to see attachment........................
5
Yes
 
6
Did the organization maintain any donor advised funds or any similar funds or accounts where donors have the right to provide advice on the distribution or investment of amounts in such funds or accounts? If “Yes,” complete
Schedule D, Part IClick to see attachment.......................
6
 
No
7
Did the organization receive or hold a conservation easement, including easements to preserve open space,
the environment, historic land areas or historic structures? If “Yes,” complete Schedule D, Part IIClick to see attachment...
7
 
No
8
Did the organization maintain collections of works of art, historical treasures, or other similar assets? If “Yes,” complete Schedule D, Part III Click to see attachment....................
8
 
No
9
Did the organization report an amount in Part X, line 21; serve as a custodian for amounts not listed in Part X; or provide credit counseling, debt management, credit repair, or debt negotiation services? If “Yes,”
complete Schedule D, Part IVClick to see attachment...................
9
 
No
10
Did the organization, directly or through a related organization, hold assets in term, permanent,or quasi-endowments? If “Yes,” complete Schedule D, Part VClick to see attachment
10
 
No
11
If the organization’s answer to any of the following questions is ‘Yes,’ then complete Schedule D, Parts VI, VII, VIII, IX, or X as applicable:
a
Did the organization report an amount for land, buildings, and equipment in Part X, line10? If “Yes,” complete Schedule D, Part VI.Click to see attachment
11a
Yes
 
b
Did the organization report an amount for investments—other securities in Part X, line 12 that is 5% or more of its total assets reported in Part X, line 16? If “Yes,” complete Schedule D, Part VII.Click to see attachment
11b
 
No
c
Did the organization report an amount for investments—program related in Part X, line 13 that is 5% or more of its total assets reported in Part X, line 16? If “Yes,” complete Schedule D, Part VIII.Click to see attachment
11c
 
No
d
Did the organization report an amount for other assets in Part X, line 15 that is 5% or more of its total assets reported in Part X, line 16? If “Yes,” complete Schedule D, Part IX.Click to see attachment
11d
 
No
e
Did the organization report an amount for other liabilities in Part X, line 25? If “Yes,” complete Schedule D, Part X.Click to see attachment
11e
 
No
f
Did the organization’s separate or consolidated financial statements for the tax year include a footnote that addresses the organization’s liability for uncertain tax positions under FIN 48 (ASC 740)? If “Yes,” complete Schedule D, Part X.Click to see attachment
11f
Yes
 
12a
Did the organization obtain separate, independent audited financial statements for the tax year? If “Yes,” complete Schedule D, Parts XI, XII, and XIII Click to see attachment
12a
 
No
b
Was the organization included in consolidated, independent audited financial statements for the tax year? If “Yes,” and if the organization answered ‘No’ to line 12a, then completing Schedule D, Parts XI, XII, and XIII is optional Click to see attachment
12b
Yes
 
13
Is the organization a school described in section 170(b)(1)(A)(ii)? If “Yes,” complete Schedule E
13
 
No
14a
Did the organization maintain an office, employees, or agents outside of the United States?....
14a
 
No
b
Did the organization have aggregate revenues or expenses of more than $10,000 from grantmaking, fundraising, business, and program service activities outside the United States? If “Yes,” complete Schedule F, Part I.........
14b
 
No
15
Did the organization report on Part IX, column (A), line 3, more than $5,000 of grants or assistance to any organization or entity located outside the U.S.? If “Yes,” complete Schedule F, Part II..
15
 
No
16
Did the organization report on Part IX, column (A), line 3, more than $5,000 of aggregate grants or assistance to individuals located outside the U.S.? If “Yes,” complete Schedule F, Part III..
16
 
No
17
Did the organization report a total of more than $15,000, of expenses for professional fundraising services on Part IX, column (A), lines 6 and 11e? If “Yes,” complete Schedule G, Part I
17
 
No
18
Did the organization report more than $15,000 total of fundraising event gross income and contributions on Part VIII, lines 1c and 8a? If “Yes,” complete Schedule G, Part II..........
18
 
No
19
Did the organization report more than $15,000 of gross income from gaming activities on Part VIII, line 9a? If “Yes,” complete Schedule G, Part III...................
19
 
No
Form 990 (2010)
Form 990 (2010)
Page 4
Part IV
Checklist of Required Schedules (continued)
20a
Did the organization operate one or more hospitals? If “Yes,” complete Schedule H.....
20a
 
No
b
Did the organization attach its audited financial statement to this return? Note: All Form 990 filers that operate one or more hospitals must attach audited financial statements. .....
20b
 
 
21
Did the organization report more than $5,000 of grants and other assistance to governments and organizations in the United States on Part IX, column (A), line 1? If “Yes,” complete Schedule I, Parts I and II.. Click to see attachment
21
Yes
 
22
Did the organization report more than $5,000 of grants and other assistance to individuals in the United States on Part IX, column (A), line 2? If “Yes,” complete Schedule I, Parts I and III..... Click to see attachment
22
 
No
23
Did the organization answer “Yes” to Part VII, Section A, questions 3, 4, or 5, about compensation of the organization’s current and former officers, directors, trustees, key employees, and highest compensated employees? If “Yes,” complete Schedule J................
23
 
No
24a
Did the organization have a tax-exempt bond issue with an outstanding principal amount of more than $100,000 as of the last day of the year, that was issued after December 31, 2002? If “Yes,” answer questions 24b–24d and complete Schedule K. If “No,” go to line 25................
24a
 
No
b
Did the organization invest any proceeds of tax-exempt bonds beyond a temporary period exception?...
24b
 
 
c
Did the organization maintain an escrow account other than a refunding escrow at any time during the year
to defease any tax-exempt bonds?......................
24c
 
 
d
Did the organization act as an “on behalf of” issuer for bonds outstanding at any time during the year?...
24d
 
 
25a
Section 501(c)(3) and 501(c)(4) organizations. Did the organization engage in an excess benefit transaction with a disqualified person during the year? If “Yes,” complete Schedule L, Part I......
25a
 
 
b
Is the organization aware that it engaged in an excess benefit transaction with a disqualified person in a prior year, and that the transaction has not been reported on any of the organization’s prior Forms 990 or 990-EZ? If “Yes,” complete Schedule L, Part I................
25b
 
 
26
Was a loan to or by a current or former officer, director, trustee, key employee, highly compensated employee, or disqualified person outstanding as of the end of the organization’s tax year? If “Yes,” complete Schedule L,
Part II...........................
26
 
No
27
Did the organization provide a grant or other assistance to an officer, director, trustee, key employee, substantial contributor, or a grant selection committee member, or to a person related to such an individual? If “Yes,” complete Schedule L, Part III...............
27
 
No
28
Was the organization a party to a business transaction with one of the following parties? (see Schedule L, Part IV instructions for applicable filing thresholds, conditions, and exceptions):
a
A current or former officer, director, trustee, or key employee? If “Yes,” complete Schedule L, Part IV .........................
28a
 
No
b
A family member of a current or former officer, director, trustee, or key employee? If “Yes,”
complete Schedule L, Part IV...................
28b
 
No
c
An entity of which a current or former officer, director, trustee, or key employee (or a family member thereof) was an officer, director, trustee, or owner? If “Yes,” complete Schedule L, Part IV..
28c
 
No
29
Did the organization receive more than $25,000 in non-cash contributions? If “Yes,” complete Schedule M
29
 
No
30
Did the organization receive contributions of art, historical treasures, or other similar assets, or qualified conservation contributions? If “Yes,” complete Schedule M............
30
 
No
31
Did the organization liquidate, terminate, or dissolve and cease operations? If “Yes,” complete Schedule N,
Part I...........................
31
 
No
32
Did the organization sell, exchange, dispose of, or transfer more than 25% of its net assets? If “Yes,” complete Schedule N, Part II.......................
32
 
No
33
Did the organization own 100% of an entity disregarded as separate from the organization under Regulations sections 301.7701-2 and 301.7701-3? If “Yes,” complete Schedule R, Part I........ Click to see attachment
33
Yes
 
34
Was the organization related to any tax-exempt or taxable entity? If “Yes,” complete Schedule R, Parts II, III, IV, and V, line 1..................... Click to see attachment
34
 
No
35
Is any related organization a controlled entity within the meaning of section 512(b)(13)? .....
35
 
No
a
Did the organization receive any payment from or engage in any transaction with a controlled entity within the meaning of section 512(b)(13)? If “Yes,” complete Schedule R, Part V, line 2... Click to see attachment
36
Section 501(c)(3) organizations. Did the organization make any transfers to an exempt non-charitable related organization? If “Yes,” complete Schedule R, Part V, line 2...........
36
 
 
37
Did the organization conduct more than 5% of its activities through an entity that is not a related organization and that is treated as a partnership for federal income tax purposes? If “Yes,” complete Schedule R, Part VIClick to see attachment
37
 
No
38
Did the organization complete Schedule O and provide explanations in Schedule O for Part VI, lines 11 and 19? Note. All Form 990 filers are required to complete Schedule O. ............
38
Yes
 
Form 990 (2010)
Form 990 (2010)
Page 5
Part V
Statements Regarding Other IRS Filings and Tax Compliance
Check if Schedule O contains a response to any question in this Part V . . . . . . . . . .
Yes
No
1a
Enter the number reported in Box 3 of Form 1096. Enter -0- if not applicable. .......
1a
20
b
Enter the number of Forms W-2G included in line 1a. Enter -0- if not applicable.
1b
0
c
Did the organization comply with backup withholding rules for reportable payments to vendors and reportable gaming (gambling) winnings to prize winners? ..................
1c
Yes
 
2a
Enter the number of employees reported on Form W-3, Transmittal of Wage and Tax Statements filed for the calendar year ending with or within the year covered by this return .....................
2a
31
b
If at least one is reported on line 2a, did the organization file all required federal employment tax returns?

Note. If the sum of lines 1a and 2a is greater than 250, you may be required to e-file. (see instructions)
2b
Yes
 
3a
Did the organization have unrelated business gross income of $1,000 or more during the year?.............................
3a
 
No
b
If “Yes,” has it filed a Form 990-T for this year? If “No,” provide an explanation in Schedule O.....
3b
 
 
4a
At any time during the calendar year, did the organization have an interest in, or a signature or other authority over, a financial account in a foreign country (such as a bank account or securities account)?.......................
4a
 
No
b
If "Yes," enter the name of the foreign country: MediumBullet
See instructions for filing requirements for Form TD F 90-22.1, Report of Foreign Bank and Financial Accounts.
5a
Was the organization a party to a prohibited tax shelter transaction at any time during the tax year?..
5a
 
No
b
Did any taxable party notify the organization that it was or is a party to a prohibited tax shelter transaction?
5b
 
No
c
If “Yes” to line 5a or 5b, did the organization file Form 8886-T? ........
5c
 
 
6a
Does the organization have annual gross receipts that are normally greater than $100,000, and did the organization solicit any contributions that were not tax deductible?..........
6a
Yes
 
b
If “Yes,” did the organization include with every solicitation an express statement that such contributions or gifts were not tax deductible?........................
6b
Yes
 
7
Organizations that may receive deductible contributions under section 170(c).
a
Did the organization receive a payment in excess of $75 made partly as a contribution and partly for goods and services provided to the payor?....................
7a
 
 
b
If “Yes,” did the organization notify the donor of the value of the goods or services provided?.....
7b
 
 
c
Did the organization sell, exchange, or otherwise dispose of tangible personal property for which it was required to file Form 8282?...........................
7c
 
 
d
If “Yes,” indicate the number of Forms 8282 filed during the year ....
7d
 
e
Did the organization receive any funds, directly or indirectly, to pay premiums on a personal benefit contract?..........................
7e
 
 
f
Did the organization, during the year, pay premiums, directly or indirectly, on a personal benefit contract?..
7f
 
 
g
If the organization received a contribution of qualified intellectual property, did the organization file Form 8899 as required?...................
7g
 
 
h
If the organization received a contribution of cars, boats, airplanes, or other vehicles, did the organization file a Form 1098-C?...............
7h
 
 
8
Sponsoring organizations maintaining donor advised funds and section 509(a)(3) supporting organizations. Did the supporting organization, or a donor advised fund maintained by a sponsoring organization, have excess business holdings at any time during the year?................
8
 
 
9
Sponsoring organizations maintaining donor advised funds.
a
Did the organization make any taxable distributions under section 4966?.........
9a
 
 
b
Did the organization make a distribution to a donor, donor advisor, or related person?......
9b
 
 
10
Section 501(c)(7) organizations. Enter:
a
Initiation fees and capital contributions included on Part VIII, line 12 ...
10a
 
b
Gross receipts, included on Form 990, Part VIII, line 12, for public use of club facilities
10b
 
11
Section 501(c)(12) organizations. Enter:
a
Gross income from members or shareholders .........
11a
 
b
Gross income from other sources (Do not net amounts due or paid to other sources against amounts due or received from them.) ........
11b
 
12a
Section 4947(a)(1) non-exempt charitable trusts. Is the organization filing Form 990 in lieu of Form 1041?
12a
 
 
b
If “Yes,” enter the amount of tax-exempt interest received or accrued during the year.
12b
 
13
Section 501(c)(29) qualified nonprofit health insurance issuers.
a
Is the organization licensed to issue qualified health plans in more than one state?
Note. All 501(c)(29) organizations must list in Schedule O each state in which they are licensed to issue qualified health plans, the amount of reserves required by each state, and the amount of reserves the organization allocated to each state.
13a
 
 
b
Enter the aggregate amount of reserves the organization is required to maintain by the states in which the organization is licensed to issue qualified health plans.
13b
 
c
Enter the aggregate amount of reserves on hand.
13c
 
14a
Did the organization receive any payments for indoor tanning services during the tax year?.....
14a
 
 
b
If "Yes," has it filed a Form 720 to report these payments? If “No,” provide an explanation in Schedule O..
14b
 
 
Form 990 (2010)
Form 990 (2010)
Page 6
Part VI
Governance, Management, and Disclosure For each “Yes” response to lines 2 through 7b below, and for a “No” response to lines 8a, 8b, or 10b below, describe the circumstances, processes, or changes in Schedule O. See instructions.
Check if Schedule O contains a response to any question in this Part VI . . . . . . . . . .
Section A. Governing Body and Management
Yes
No
1a
Enter the number of voting members of the governing body at the end of the tax year ..............
1a
24
b
Enter the number of voting members included in line 1a, above, who are independent .................
1b
24
2
Did any officer, director, trustee, or key employee have a family relationship or a business relationship with any other officer, director, trustee, or key employee? .................
2
Yes
 
3
Did the organization delegate control over management duties customarily performed by or under the direct supervision of officers, directors or trustees, or key employees to a management company or other person? ..
3
 
No
4
Did the organization make any significant changes to its governing documents since the prior Form 990 was filed?
4
Yes
 
5
Did the organization become aware during the year of a significant diversion of the organization’s assets? .
5
 
No
6
Does the organization have members or stockholders? ................
6
Yes
 
7a
Does the organization have members, stockholders, or other persons who may elect one or more members of the governing body? .........................
7a
Yes
 
b
Are any decisions of the governing body subject to approval by members, stockholders, or other persons? ..
7b
Yes
 
8
Did the organization contemporaneously document the meetings held or written actions undertaken during the year by the following:
a
The governing body? .........................
8a
Yes
 
b
Each committee with authority to act on behalf of the governing body? ............
8b
Yes
 
9
Is there any officer, director, trustee, or key employee listed in Part VII, Section A, who cannot be reached at the organization’s mailing address? If “Yes,” provide the names and addresses in Schedule O .....
9
 
No
Section B. Policies (This Section B requests information about policies not required by the Internal
Revenue Code.)
Yes
No
10a
Does the organization have local chapters, branches, or affiliates? ............
10a
 
No
b
If “Yes,” does the organization have written policies and procedures governing the activities of such chapters, affiliates, and branches to ensure their operations are consistent with those of the organization? ....
10b
 
 
11a
Has the organization provided a copy of this Form 990 to all members of its governing body before filing the form?
11a
Yes
 
b
Describe in Schedule O the process, if any, used by the organization to review the Form 990. .....
12a
Does the organization have a written conflict of interest policy? If “No,” go to line 13.......
12a
Yes
 
b
Are officers, directors or trustees, and key employees required to disclose annually interests that could give rise to conflicts? ...........................
12b
Yes
 
c
Does the organization regularly and consistently monitor and enforce compliance with the policy? If “Yes,” describe in Schedule O how this is done ....................
12c
Yes
 
13
Does the organization have a written whistleblower policy? ...............
13
Yes
 
14
Does the organization have a written document retention and destruction policy? .........
14
Yes
 
15
Did the process for determining compensation of the following persons include a review and approval by independent persons, comparability data, and contemporaneous substantiation of the deliberation and decision?
a
The organization’s CEO, Executive Director, or top management official ...........
15a
Yes
 
b
Other officers or key employees of the organization ................
15b
 
No
If "Yes" to line a or b, describe the process in Schedule O. (See instructions.)
16a
Did the organization invest in, contribute assets to, or participate in a joint venture or similar arrangement with a taxable entity during the year? ......................
16a
 
No
b
If “Yes,” has the organization adopted a written policy or procedure requiring the organization to evaluate its participation in joint venture arrangements under applicable federal tax law, and taken steps to safeguard the organization’s exempt status with respect to such arrangements? ............
16b
 
 
Section C. Disclosure
17
List the States with which a copy of this Form 990 is required to be filedMediumBullet
MN
18
Section 6104 requires an organization to make its Form 1023 (or 1024 if applicable), 990, and 990-T (501(c)(3)s only) available for public inspection. Indicate how you make these available. Check all that apply.
19
Describe in Schedule O whether (and if so, how), the organization makes its governing documents, conflict of interest policy, and financial statements available to the public.
20
State the name, physical address, and telephone number of the person who possesses the books and records of the organization: MediumBullet
JONATHAN ZIERDT
1961 PREMIER DRIVE SUITE 100
MANKATO,MN56001
(507) 385-6640
Form 990 (2010)
Form 990 (2010)
Page 7
Part VII
Compensation of Officers, Directors,Trustees, Key Employees, Highest Compensated Employees, and Independent Contractors
Check if Schedule O contains a response to any question in this Part VII . . . . . . . . . .
Section A. Officers, Directors, Trustees, Key Employees, and Highest Compensated Employees
1a Complete this table for all persons required to be listed. Report compensation for the calendar year ending with or within the organization’s tax year.
RoundBullet List all of the organization’s current officers, directors, trustees (whether individuals or organizations), regardless of amount
of compensation, and current key employees. Enter -0- in columns (D), (E), and (F) if no compensation was paid.

RoundBullet List all of the organization’s current key employees, if any. See instructions for definition of "key employee."
RoundBullet List the organization’s five current highest compensated employees (other than an officer, director, trustee or key employee)
who received reportable compensation (Box 5 of Form W-2 and/or Box 7 of Form 1099-MISC) of more than $100,000 from the
organization and any related organizations.

RoundBullet List all of the organization’s former officers, key employees, or highest compensated employees who received more than $100,000
of reportable compensation from the organization and any related organizations.

RoundBullet List all of the organization’s former directors or trustees that received, in the capacity as a former director or trustee of the
organization, more than $10,000 of reportable compensation from the organization and any related organizations.

List persons in the following order: individual trustees or directors; institutional trustees; officers; key employees; highest
compensated employees; and former such persons.
Check this box if neither the organization nor any related organizations compensated any current or former officer, director, or trustee.
(A)
Name and Title 		(B)
Average hours per week (describe hours for related organizations in Schedule O) 		(C)
Position (check all that apply) 		(D)
Reportable compensation from the organization (W- 2/1099-MISC) 		(E)
Reportable compensation from related organizations (W- 2/1099-MISC) 		(F)
Estimated amount of other compensation from the organization and related organizations
Individual Trustee or Director; Institutional Trustee; Officer; Key Employee; Highest compensated employee; Former;
(1) TRUDIE GUSTAFSON
CHAIR
 2.60 X   X       0 0 0
(2) JENNIFER PFEFFER
SECRETARY/TREASURER
 2.00 X   X       0 0 0
(3) DOUG BELMORE
PAST CHAIR
 1.60 X   X       0 0 0
(4) CHAD SURPRENANT
VICE CHAIR - BUSINESS DEVELOPMENT
 1.60 X   X       0 0 0
(5) GREG KUTCHER
VICE CHAIR - COMMUNITY DEVELOPMENT
 1.60 X   X       0 0 0
(6) JAMES SANTORI
VICE CHAIR - TRADE & TRAFFIC
 1.60 X   X       0 0 0
(7) TODD SNELL
DIRECTOR
 .80 X           0 0 0
(8) RICHARD DAVENPORT
DIRECTOR
 .80 X           0 0 0
(9) BRIAN DUEHRING
DIRECTOR
 .80 X           0 0 0
(10) JOHN FINKE
DIRECTOR
 .80 X           0 0 0
(11) PAT HENTGES
DIRECTOR
 .80 X           0 0 0
(12) KAREN JAMES
DIRECTOR
 .80 X           0 0 0
(13) TODD LOOSBROCK
DIRECTOR
 .80 X           0 0 0
(14) JON RIPPKE
DIRECTOR
 .80 X           0 0 0
(15) ROB ELSE
DIRECTOR
 .80 X           0 0 0
(16) KEITH STOVER
DIRECTOR
 .80 X           0 0 0
(17) JULIA KETCHAM CORBETT
DIRECTOR
 .80 X           0 0 0
Form 990 (2010)
Form 990 (2010)
Page 8
Part VII
Section A. Officers, Directors, Trustees, Key Employees, and Highest Compensated Employees (continued)
(A)
Name and Title 		(B)
Average hours per week (describe hours for related organizations in Schedule O) 		(C)
Position (check all that apply) 		(D)
Reportable compensation from the organization (W- 2/1099-MISC) 		(E)
Reportable compensation from related organizations (W- 2/1099-MISC) 		(F)
Estimated amount of other compensation from the organization and related organizations
Individual Trustee or Director; Institutional Trustee; Officer; Key Employee; Highest compensated employee; Former;
(18) TIM TUPY
DIRECTOR
 .80 X           0 0 0
(19) TRAVIS BROVOLD
DIRECTOR
 .80 X           0 0 0
(20) JOE MEIDL
DIRECTOR
 .80 X           0 0 0
(21) ANDREW WILLAERT
DIRECTOR - CCP
 .80 X           0 0 0
(22) SHIRLEY PIEPHO
DIRECTOR - CVB
 .80 X           0 0 0
(23) MICHAEL KLEHR
DIRECTOR
 .80 X           0 0 0
(24) IAN CARLSTROM
DIRECTOR
 .80 X           0 0 0
(25) JIM MARZOLF
DIRECTOR
 .80 X           0 0 0
(26) JIM BEAL
DIRECTOR
 .80 X           0 0 0
(27) JOHN HOWARD
DIRECTOR
 .80 X           0 0 0
(28) JONATHAN ZIERDT
PRESIDENT & CEO
 50.00     X       124,684 0 14,256
(29) BARBARA EMBACHER
VICE PRESIDENT
 50.00     X       70,357 0 20,196


1b Sub-Total................MediumBullet
c Total from continuation sheets to Part VII, Section A....MediumBullet
d Total (add lines 1b and 1c)............MediumBullet 195,041 0 34,452
2
Total number of individuals (including but not limited to those listed above) who received more than $100,000 in reportable compensation from the organizationMediumBullet1
Yes
No
3
Did the organization list any former officer, director or trustee, key employee, or highest compensated employee on line 1a? If “Yes,” complete Schedule J for such individual .............
3
 
No
4
For any individual listed on line 1a, is the sum of reportable compensation and other compensation from the organization and related organizations greater than $150,000? If “Yes,” complete Schedule J for such individual...........................
4
 
No
5
Did any person listed on line 1a receive or accrue compensation from any unrelated organization or individual for services rendered to the organization? If “Yes,” complete Schedule J for such person .....
5
 
No
Section B. Independent Contractors
1
Complete this table for your five highest compensated independent contractors that received more than $100,000 of compensation from the organization.
(A)
Name and business address 		(B)
Description of services 		(C)
Compensation
2
Total number of independent contractors (including but not limited to those listed above) who received more than $100,000 in compensation from the organization MediumBullet0
Form 990 (2010)
Form 990 (2010)
Page 9
Part VIII
Statement of Revenue
(A)
Total revenue 		(B)
Related or
exempt
function
revenue 		(C)
Unrelated
business
revenue 		(D)
Revenue
excluded from
tax under sections
512, 513, or 514
Contributions, gifts, grants and other similar amounts 1a Federated campaigns..1a  
b Membership dues....1b  
c Fundraising events....1c  
d Related organizations...1d  
e Government grants (contributions)1e 7,606
f All other contributions, gifts, grants, and
similar amounts not included above1f 		197,941
g Noncash contributions included in lines 1a-1f:$  
h Total. Add lines 1a-1f.......MediumBullet 205,547
Program Service Revenue Business Code
2a PROGRAM SERVICE INCOME 900,099 547,541 547,541    
b MEMBERSHIP DUES 900,099 409,079 409,079    
c ROOM TAX INCOME 900,099 371,588 371,588    
d
e
f All other program service revenue .        
g Total. Add lines 2a–2f........MediumBullet 1,328,208
Other Revenue 3 Investment income (including dividends, interest
and other similar amounts).....MediumBullet 21,243     21,243
4 Income from investment of tax-exempt bond proceeds..MediumBullet        
5 Royalties............MediumBullet        
(i) Real (ii) Personal
6a Gross Rents 49,780  
b Less: rental expenses 63,954  
c Rental income or (loss) -14,174  
d Net rental income or (loss).......MediumBullet -14,174     -14,174
(i) Securities (ii) Other
7a Gross amount from sales of assets other than inventory    
b Less: cost or other basis and sales expenses    
c Gain or (loss)    
d Net gain or (loss)..........MediumBullet        
8a Gross income from fundraising events (not including
$  
of contributions reported on line 1c). See Part IV, line 18 ...
a  
b Less: direct expenses ...b  
c Net income or (loss) from fundraising events..MediumBullet      
9a Gross income from gaming activities.
See Part IV, line 19 ...
a  
b Less: direct expenses ...b  
c Net income or (loss) from gaming activities...MediumBullet        
10a Gross sales of inventory, less
returns and allowances .
a  
b Less: cost of goods sold ..b  
c Net income or (loss) from sales of inventory..MediumBullet        
Miscellaneous Revenue Business Code
11a MISCELLANEOUS 900,099 6,071 6,071    
b            
c            
d All other revenue ....        
e Total. Add lines 11a–11d ......MediumBullet 6,071
12 Total revenue. See Instructions....MediumBullet 1,546,895 1,334,279 0 7,069
Form 990 (2010)
Form 990 (2010)
Page 10
Part IX
Statement of Functional Expenses
Section 501(c)(3) and 501(c)(4) organizations must complete all columns. All other organizations must complete column (A) but are not required to complete columns (B), (C), and (D).
Do not include amounts reported on lines 6b,
7b, 8b, 9b, and 10b of Part VIII. 		(A)
Total expenses 		(B)
Program service expenses 		(C)
Management and general expenses 		(D)
Fundraising expenses
1 Grants and other assistance to governments and organizations in the U.S. See Part IV, line 21 43,750  
2 Grants and other assistance to individuals in the U.S. See Part IV, line 22    
3 Grants and other assistance to governments, organizations, and individuals outside the U.S. See Part IV, lines 15 and 16    
4 Benefits paid to or for members    
5 Compensation of current officers, directors, trustees, and key employees .... 229,493      
6 Compensation not included above, to disqualified persons (as defined under section 4958(f)(1)) and persons described in section 4958(c)(3)(B) ....        
7 Other salaries and wages 494,853      
8 Pension plan contributions (include section 401(k) and section 403(b) employer contributions) ....        
9 Other employee benefits ....... 57,354      
10 Payroll taxes ........... 59,840      
11 Fees for services (non-employees):        
a Management ......        
b Legal ......... 580      
c Accounting ........... 8,127      
d Lobbying ...........        
e Professional fundraising. See Part IV, line 17..    
f Investment management fees ......        
g Other ..........        
12 Advertising and promotion ....        
13 Office expenses ....... 48,296      
14 Information technology ......        
15 Royalties ..        
16 Occupancy ........... 80,009      
17 Travel ............ 9,659      
18 Payments of travel or entertainment expenses for any federal, state, or local public officials ......        
19 Conferences, conventions, and meetings .... 24,793      
20 Interest ...........        
21 Payments to affiliates .......        
22 Depreciation, depletion, and amortization ..... 46,035      
23 Insurance .............. 2,040      
24 Other expenses. Itemize expenses not covered above. (Expenses grouped together and labeled miscellaneous may not exceed 5% of total expenses shown on line 25 below.)
a PROGRAM SERVICE EXPENSE 392,049      
b MEMBERSHIP/DUES/SUBSCRI 13,675      
c ADMINISTRATIVE SERVICES 8,888      
d BANK CHARGES/MISCELLANE 8,882      
e
f All other expenses        
25 Total functional expenses. Add lines 1 through 24f 1,528,323      
26 Joint costs. Check here MediumBullet if following
SOP 98-2 (ASC 958-720). Complete this line only if the organization reported in column (B) joint costs from a combined educational campaign and fundraising solicitation 		       
Form 990 (2010)
Form 990 (2010)
Page 11
Part X Balance Sheet
(A)
Beginning of year 		(B)
End of year
Assets 1 Cash—non-interest-bearing .......... 210,592 1 93,041
2 Savings and temporary cash investments ....... 1,054,820 2 1,364,105
3 Pledges and grants receivable, net .........   3  
4 Accounts receivable, net ......... 495,990 4 171,734
5 Receivables from current and former officers, directors, trustees, key employees, and highest compensated employees. Complete Part II of
Schedule L ..........   5  
6 Receivables from other disqualified persons (as defined under section 4958(f)(1)) and persons described in section 4958(c)(3)(B). Complete Part II of
Schedule L ..........   6  
7 Notes and loans receivable, net .............   7  
8 Inventories for sale or use ..............   8  
9 Prepaid expenses and deferred charges ............ 22,709 9 41,793
10a Land, buildings, and equipment: cost or other basis. Complete Part VI of Schedule D 10a 412,991
b Less: accumulated depreciation. ..... 10b 295,623 109,045 10c 117,368
11 Investments—publicly traded securities ..........   11  
12 Investments—other securities. See Part IV, line 11 ......   12  
13 Investments—program-related. See Part IV, line 11 ..   13  
14 Intangible assets .........   14  
15 Other assets. See Part IV, line 11 ........... 4,818 15 5,880
16 Total assets. Add lines 1 through 15 (must equal line 34)... 1,897,974 16 1,793,921
Liabilities 17 Accounts payable and accrued expenses . 71,918 17 60,715
18 Grants payable ..........   18  
19 Deferred revenue .......... 397,298 19 285,876
20 Tax-exempt bond liabilities ..........   20  
21 Escrow or custodial account liability. Complete Part IV of Schedule D..   21  
22 Payables to current and former officers, directors, trustees, key
employees, highest compensated employees, and disqualified
persons. Complete Part II of Schedule L..........   22  
23 Secured mortgages and notes payable to unrelated third parties ..   23  
24 Unsecured notes and loans payable to unrelated third parties ....   24  
25 Other liabilities. Complete Part X of Schedule D.....   25  
26 Total liabilities. Add lines 17 through 25..... 469,216 26 346,591
Net Assets or Fund Balance Organizations that follow SFAS 117, check here MediumBullet and complete lines 27 through 29, and lines 33 and 34.
27 Unrestricted net assets ..... 1,428,758 27 1,447,330
28 Temporarily restricted net assets .....   28  
29 Permanently restricted net assets .....   29  
Organizations that do not follow SFAS 117, check here MediumBullet and complete lines 30 through 34.
30 Capital stock or trust principal, or current funds .....   30  
31 Paid-in or capital surplus, or land, building or equipment fund .....   31  
32 Retained earnings, endowment, accumulated income, or other funds   32  
33 Total net assets or fund balances ..... 1,428,758 33 1,447,330
34 Total liabilities and net assets/fund balances ..... 1,897,974 34 1,793,921
Form 990 (2010)
Form 990 (2010)
Page 12
Part XI
Reconcilliation of Net Assets
Check if Schedule O contains a response to any question in this Part XI . . . . . . . . . .
1
Total revenue (must equal Part VIII, column (A), line 12) . . .
1
1,546,895
2
Total expenses (must equal Part IX, column (A), line 25) . . . . .
2
1,528,323
3
Revenue less expenses. Subtract line 2 from line 1 . . . .
3
18,572
4
Net assets or fund balances at beginning of year (must equal Part X, line 33, column (A)) . .
4
1,428,758
5
Other changes in net assets or fund balances (explain in Schedule O) . . . .
5
0
6
Net assets or fund balances at end of year. Combine lines 3, 4, and 5 (must equal Part X, line 33, column (B)) . . . . . .
6
1,447,330
Part XII
Financial Statements and Reporting
Check if Schedule O contains a response to any question in this Part XII . . . . . . . . . .
Yes
No
1
Accounting method used to prepare the Form 990:  
If the organization changed its method of accounting from a prior year or checked "Other," explain in
Schedule O.
2a
Were the organization’s financial statements compiled or reviewed by an independent accountant?..
2a
 
No
b
Were the organization’s financial statements audited by an independent accountant?........
2b
Yes
 
c
If “Yes,” to 2a or 2b, does the organization have a committee that assumes responsibility for oversight of the audit, review, or compilation of its financial statements and selection of an independent accountant?
If the organization changed either its oversight process or selection process during the tax year, explain in Schedule O............................
2c
Yes
 
d
If “Yes” to line 2a or 2b, check a box below to indicate whether the financial statements for the year were issued on a separate basis, consolidated basis, or both:
3a
As a result of a federal award, was the organization required to undergo an audit or audits as set forth in the Single Audit Act and OMB Circular A-133? ................
3a
 
No
b
If “Yes,” did the organization undergo the required audit or audits? If the organization did not undergo the required audit or audits, explain why in Schedule O and describe any steps taken to undergo such audits. ..
3b
 
 
Form 990 (2010)
Additional Data


Software ID:  
Software Version:  
Form 990, Special Condition Description:
Special Condition Description
Schedule B
(Form 990, 990-EZ,
or 990-PF)
Department of the Treasury
Internal Revenue Service
Schedule of Contributors
Arrow Bullet Attach to Form 990, 990-EZ, or 990-PF.
OMB No. 1545-0047
2010
Name of organization
GREATER MANKATO GROWTH INC
 
Employer identification number

41-1446548
Organization type (check one):
Filers of:
Section:
Form 990 or 990-EZ





Form 990-PF




Check if your organization is covered by the General Rule or a Special Rule.  
Note. Only a section 501(c)(7), (8), or (10) organization can check boxes for both the General Rule and a Special Rule. See instructions.
General Rule—
Special Rules
......................... Arrow Bullet   $    
Caution. An Organization that is not covered by the General Rule and/or the Special Rules does not file Schedule B (Form 990,
990-EZ, or 990-PF), but it must answer “No” on Part IV, line 2 of its Form 990, or check the box in the heading of its
Form 990-EZ, or on line 2 of its Form 990-PF, to certify that it does not meet the filing requirements of Schedule B (Form 990,
990-EZ, or 990-PF).
For Paperwork Reduction Act Notice, see the Instructions
for Form 990, 990-EZ, or 990-PF.
Cat. No. 30613XSchedule B (Form 990, 990-EZ, or 990-PF) (2010)

Schedule B (Form 990, 990-EZ, or 990-PF) (2010)
Page 1 of 1 of Part I
Name of organization
GREATER MANKATO GROWTH INC
  		Employer identification number

41-1446548
Part I
Contributors (see Instructions)
     
(a)
No.		 (b)
Name, address, and ZIP + 4		 (c)
Aggregate contributions		 (d)
Type of contribution
RESTRICTED
RESTRICTED
 

     
RESTRICTED
RESTRICTED  
RESTRICTED, RESTRICTED   RESTRICTED

$RESTRICTED




(Complete Part II if there is
a noncash contribution.)
(a)
No.		 (b)
Name, address, and ZIP + 4		 (c)
Aggregate contributions		 (d)
Type of contribution
 
 
 

     
 
   

$  




(Complete Part II if there is
a noncash contribution.)
(a)
No.		 (b)
Name, address, and ZIP + 4		 (c)
Aggregate contributions		 (d)
Type of contribution
 
 
 

     
 
   

$  




(Complete Part II if there is
a noncash contribution.)
(a)
No.		 (b)
Name, address, and ZIP + 4		 (c)
Aggregate contributions		 (d)
Type of contribution
 
 
 

     
 
   

$  




(Complete Part II if there is
a noncash contribution.)
(a)
No.		 (b)
Name, address, and ZIP + 4		 (c)
Aggregate contributions		 (d)
Type of contribution
 
 
 

     
 
   

$  




(Complete Part II if there is
a noncash contribution.)
(a)
No.		 (b)
Name, address, and ZIP + 4		 (c)
Aggregate contributions		 (d)
Type of contribution
 
 
 

     
 
   

$  




(Complete Part II if there is
a noncash contribution.)
Schedule B (Form 990, 990-EZ, or 990-PF) (2010)

Schedule B (Form 990, 990-EZ, or 990-PF) (2010)
Page 1 of 1 of Part II
Name of organization
GREATER MANKATO GROWTH INC
  		Employer identification number

41-1446548
Part II
Noncash Property (see Instructions)
     
(a) No.
from
Part I		 (b)
Description of noncash property given		 (c)
FMV (or estimate)
(see instructions) 		(d)
Date received
 
$    
(a) No.
from
Part I		 (b)
Description of noncash property given		 (c)
FMV (or estimate)
(see instructions) 		(d)
Date received
 
$    
(a) No.
from
Part I		 (b)
Description of noncash property given		 (c)
FMV (or estimate)
(see instructions) 		(d)
Date received
 
$    
(a) No.
from
Part I		 (b)
Description of noncash property given		 (c)
FMV (or estimate)
(see instructions) 		(d)
Date received
 
$    
(a) No.
from
Part I		 (b)
Description of noncash property given		 (c)
FMV (or estimate)
(see instructions) 		(d)
Date received
 
$    
(a) No.
from
Part I		 (b)
Description of noncash property given		 (c)
FMV (or estimate)
(see instructions) 		(d)
Date received
 
$    
Schedule B (Form 990, 990-EZ, or 990-PF) (2010)

Schedule B (Form 990, 990-EZ, or 990-PF) (2010)
Page 1 of 1 of Part III
Name of organization
GREATER MANKATO GROWTH INC
  		Employer identification number

41-1446548
Part III
Exclusively religious, charitable, etc., individual contributions to section 501(c)(7), (8), or (10) organizations
aggregating more than $1,000 for the year. (Complete columns (a) through (e) and the following line entry.)
For organizations completing Part III, enter the total of exclusively religious, charitable, etc.,
contributions of $1,000 or less for the year. (Enter this information once. See instructions.) Arrow Bullet $  
(a) No.
from
Part I		 (b)
Purpose of gift		 (c)
Use of gift		 (d)
Description of how gift is held
 
(e)
Transfer of gift
Transferee's name, address, and ZIP 4 Relationship of transferor to transferee
 
 
       
 
(a) No.
from
Part I		 (b)
Purpose of gift		 (c)
Use of gift		 (d)
Description of how gift is held
 
(e)
Transfer of gift
Transferee's name, address, and ZIP 4 Relationship of transferor to transferee
 
 
       
 
(a) No.
from
Part I		 (b)
Purpose of gift		 (c)
Use of gift		 (d)
Description of how gift is held
 
(e)
Transfer of gift
Transferee's name, address, and ZIP 4 Relationship of transferor to transferee
 
 
       
 
(a) No.
from
Part I		 (b)
Purpose of gift		 (c)
Use of gift		 (d)
Description of how gift is held
 
(e)
Transfer of gift
Transferee's name, address, and ZIP 4 Relationship of transferor to transferee
 
 
       
 
Schedule B (Form 990, 990-EZ, or 990-PF) (2010)

Additional Data


Software ID:  
Software Version:  
SCHEDULE C
(Form 990 or 990-EZ)

Department of the Treasury
Internal Revenue Service
Political Campaign and Lobbying Activities

For Organizations Exempt From Income Tax Under section 501(c) and section 527
SchCMd Bullet Complete if the organization is described below.
SchCMd Bullet Attach to Form 990 or Form 990-EZ. SchCMd Bullet See separate instructions.
OMB No. 1545-0047
2010
Open to Public
Inspection
If the organization answered “Yes,” to Form 990, Part IV, Line 3, or Form 990-EZ, Part V, line 46 (Political Campaign Activities), then
Round Bullet Section 501(c)(3) organizations: Complete Parts I-A and B. Do not complete Part I-C.
Round Bullet Section 501(c) (other than section 501(c)(3)) organizations: Complete Parts I-A and C below. Do not complete Part I-B.
Round Bullet Section 527 organizations: Complete Part I-A only.
If the organization answered “Yes,” to Form 990, Part IV, Line 4, or Form 990-EZ, Part VI, line 47 (Lobbying Activities), then
Round Bullet Section 501(c)(3) organizations that have filed Form 5768 (election under section 501(h)) Complete Part II-A. Do not complete Part II-B.
Round Bullet Section 501(c)(3) organizations that have NOT filed Form 5768 (election under section 501(h)): Complete Part II-B. Do not complete Part II-A.
If the organization answered “Yes,” to Form 990, Part IV, Line 5 (Proxy Tax) or Form 990-EZ, Part V, line 35a (Proxy Tax), then
Round Bullet Section 501(c)(4), (5), or (6) organizations: Complete Part III.
Name of the organization
GREATER MANKATO GROWTH INC
 
Employer identification number

41-1446548
Part I-A
Complete if the organization is exempt under section 501(c) or is a section 527 organization.

1
Provide a description of the organization's direct and indirect political campaign activities on behalf of or in opposition to candidates for public office in Part IV.
2
Political expenditures ....................................SchCMd Bullet
$  
3
Volunteer hours ........................................
 

Part I-B
Complete if the organization is exempt under section 501(c)(3).
1
Enter the amount of any excise tax incurred by the organization under section 4955 .........SchCMd Bullet
$  
2
Enter the amount of any excise tax incurred by organization managers under section 4955 ......SchCMd Bullet
$  
3
If the organization incurred a section 4955 tax, did it file Form 4720 for this year? ..............
4a
Was a correction made? .........................................
b
If "Yes," describe in Part IV.
Part I-C
Complete if the organization is exempt under section 501(c) except section 501(c)(3).
1
Enter the amount directly expended by the filing organization for section 527 exempt function activities SchCMd Bullet
$  
2
Enter the amount of the filing organization's funds contributed to other organizations for section 527 exempt funtion activities ....................................SchCMd Bullet

$  
3
Total exempt function expenditures. Add lines 1 and 2. Enter here and on Form 1120-POL, line 17b..SchCMd Bullet

$  
4
Did the filing organization file Form 1120-POL for this year? ..........................
5
Enter the names, addresses and employer identification number (EIN) of all section 527 political organizations to which the filing
organization made payments. For each organization listed, enter the amount paid from the filing organization’s funds. Also enter the amount of political contributions received that were promptly and directly delivered to a separate political organization, such as a separate segregated fund or a political action committee (PAC). If additional space is needed, provide information in Part IV.
(a) Name (b) Address (c) EIN (d) Amount paid from filing organization's funds. If none, enter -0-. (e) Amount of political contributions received and promptly and directly delivered to a separate political organization. If none, enter -0-.










For Privacy Act and Paperwork Reduction Act Notice, see the instructions for Form 990.
Cat. No. 50084S
Schedule C (Form 990 or 990-EZ) 2010

Schedule C (Form 990 or 990-EZ) 2010
Page 2
Part II-A
Complete if the organization is exempt under section 501(c)(3) and filed Form 5768 (election under section 501(h)).
A Check
B Check
Limits on Lobbying Expenditures
(The term "expenditures" means amounts paid or incurred.) 		(a) Filing
Organization's
Totals 		(b) Affiliated Group
Totals
1a Total lobbying expenditures to influence public opinion (grass roots lobbying) ......    
b Total lobbying expenditures to influence a legislative body (direct lobbying) .......    
c Total lobbying expenditures (add lines 1a and 1b) ...................    
d Other exempt purpose expenditures ........................    
e Total exempt purpose expenditures (add lines 1c and 1d) ...............    
f Lobbying nontaxable amount. Enter the amount from the following table in both
columns.		    
  If the amount on line 1e, column (a) or (b) is:The lobbying nontaxable amount is:    
  Not over $500,00020% of the amount on line 1e.    
  Over $500,000 but not over $1,000,000$100,000 plus 15% of the excess over $500,000.    
  Over $1,000,000 but not over $1,500,000$175,000 plus 10% of the excess over $1,000,000.    
  Over $1,500,000 but not over $17,000,000$225,000 plus 5% of the excess over $1,500,000.    
  Over $17,000,000$1,000,000.    
       
g Grassroots nontaxable amount (enter 25% of line 1f) .................    
h Subtract line 1g from line 1a. If zero or less, enter -0-. ................    
i Subtract line 1f from line 1c. If zero or less, enter -0-. ................    
j If there is an amount other than zero on either line 1h or line 1i, did the organization file Form 4720 reporting
section 4911 tax for this year? ......................................

4-Year Averaging Period Under Section 501(h)
(Some organizations that made a section 501(h) election do not have to complete all of the five
columns below. See the instructions for lines 2a through 2f on page 4.)
Lobbying Expenditures During 4-Year Averaging Period
  Calendar year (or fiscal year
beginning in) 		(a) 2007 (b) 2008 (c) 2009 (d) 2010 (e) Total
             
2a Lobbying non-taxable amount          
             
b Lobbying ceiling amount
(150% of line 2a, column(e)) 		         
             
c Total lobbying expenditures          
             
d Grassroots non-taxable amount          
             
e Grassroots ceiling amount
(150% of line 2d, column (e))		          
             
f Grassroots lobbying expenditures          
Schedule C (Form 990 or 990-EZ) 2010


Schedule C (Form 990 or 990-EZ) 2010
Page 3
Part II-B
Complete if the organization is exempt under section 501(c)(3) and has NOT filed Form 5768 (election under section 501(h)).
(a)
Yes
No
(b)
Amount
1
During the year, did the filing organization attempt to influence foreign, national, state or local legislation, including any attempt to influence public opinion on a legislative matter or referendum, through the use of:
a
Volunteers? .........................................
 
 
b
Paid staff or management (include compensation in expenses reported on lines 1c through 1i)? ....
 
 
c
Media advertisements? ....................................
 
 
 
d
Mailings to members, legislators, or the public? .........................
 
 
 
e
Publications, or published or broadcast statements? .......................
 
 
 
f
Grants to other organizations for lobbying purposes? .......................
 
 
 
g
Direct contact with legislators, their staffs, government officials, or a legislative body? ........
 
 
 
h
Rallies, demonstrations, seminars, conventions, speeches, lectures, or any similar means? ......
 
 
 
i
Other activities? If "Yes," describe in Part IV ..........................
 
 
 
j
Total. lines 1c through 1i ...................................
 
2a
Did the activities in line 1 cause the organization to be not described in section 501(c)(3)? .....
 
 
b
If "Yes," enter the amount of any tax incurred under section 4912 .................
 
c
If "Yes," enter the amount of any tax incurred by organization managers under section 4912 .....
 
d
If the filing organization incurred a section 4912 tax, did it file Form 4720 for this year? .......
 
 
Part III-A
Complete if the organization is exempt under section 501(c)(4), section 501(c)(5), or section 501(c)(6).
Yes
No
1
Were substantially all (90% or more) dues received nondeductible by members? ................
1
 
No
2
Did the organization make only in-house lobbying expenditures of $2,000 or less? ................
2
Yes
 
3
Did the organization agree to carryover lobbying and political expenditures from the prior year? ..........
3
 
No
Part III-B
Complete if the organization is exempt under section 501(c)(4), section 501(c)(5), or section 501(c)(6) if BOTH Part III-A, lines 1 and 2 are answered “No” OR if Part III-A, line 3 is answered “Yes”.
1
Dues, assessments and similar amounts from members .....................
1
 
2
Section 162(e) non-deductible lobbying and political expenditures (do not include amounts of political
expenses for which the section 527(f) tax was paid).
a
Current year .........................................
2a
 
b
Carryover from last year ....................................
2b
 
c
Total ...........................................
2c
 
3
Aggregate amount reported in section 6033(e)(1)(A) notices of nondeductible section 162(e) dues .
3
 
4
If notices were sent and the amount on line 2c exceeds the amount on line 3, what portion of the excess does the organization agree to carryover to the reasonable estimate of nondeductible lobbying and political expenditure next year? ................................
4
 
5
Taxable amount of lobbying and political expenditures (see instructions) ..............
5
 
Part IV
Supplemental Information
Complete this part to provide the descriptions required for Part l-A, line 1; Part l-B, line 4; Part l-C, line 5; and Part ll-B, line 1i.
Also, complete this part for any additional information.
Identifier Return Reference Explanation
Schedule C (Form 990 or 990EZ) 2010

Additional Data


Software ID:  
Software Version:  

SCHEDULE D
(Form 990)
Department of the Treasury
Internal Revenue Service
Supplemental Financial Statements
SchDMd Bullet Complete if the organization answered "Yes," to Form 990,
Part IV, line 6, 7, 8, 9, 10, 11, or 12.
SchDMd Bullet Attach to Form 990. SchDMd Bullet See separate instructions.
OMB No. 1545-0047
2010
Open to Public Inspection
Name of the organization
GREATER MANKATO GROWTH INC
 
Employer identification number

41-1446548
Part I
Organizations Maintaining Donor Advised Funds or Other Similar Funds or Accounts. Complete if the organization answered "Yes" to Form 990, Part IV, line 6.
(a) Donor advised funds (b) Funds and other accounts
1 Total number at end of year .......    
2 Aggregate contributions to (during year) ...    
3 Aggregate grants from (during year) ...    
4 Aggregate value at end of year .......    
5
Did the organization inform all donors and donor advisors in writing that the assets held in donor advised
funds are the organization's property, subject to the organization's exclusive legal control? ............
6
Did the organization inform all grantees, donors, and donor advisors in writing that grant funds may be
used only for charitable purposes and not for the benefit of the donor or donor advisor, or for any other purpose conferring impermissible private benefit. ...................................
Part II
Conservation Easements. Complete if the organization answered "Yes" to Form 990, Part IV, line 7.
1
Purpose(s) of conservation easements held by the organization (check all that apply).
2
Complete lines 2a–2d if the organization held a qualified conservation contribution in the form of a conservation easement on the last day of the tax year.
Held at the End of the Year
a Total number of conservation easements ....................... 2a  
b Total acreage restricted by conservation easements .................. 2b  
c Number of conservation easements on a certified historic structure included in (a) ..... 2c  
d Number of conservation easements included in (c) acquired after 8/17/06 ........ 2d  
3
Number of conservation easements modified, transferred, released, extinguished, or terminated by the organization during
the taxable year SchDMd Bullet  
4
Number of states where property subject to conservation easement is located SchDMd Bullet  
5
Does the organization have a written policy regarding the periodic monitoring, inspection, handling of violations, and
enforcement of the conservation easements it holds? .............................
6
Staff and volunteer hours devoted to monitoring, inspecting and enforcing conservation easements during the year SchDMd Bullet  
7
Amount of expenses incurred in monitoring, inspecting, and enforcing conservation easements during the year SchDMd Bullet $  
8
Does each conservation easement reported on line 2(d) above satisfy the requirements of section
170(h)(4)(B)(i) and 170(h)(4)(B)(ii)? ....................................
9
In Part XIV, describe how the organization reports conservation easements in its revenue and expense statement, and
balance sheet, and include, if applicable, the text of the footnote to the organization’s financial statements that describes
the organization’s accounting for conservation easements.
Part III
Organizations Maintaining Collections of Art, Historical Treasures, or Other Similar Assets.
Complete if the organization answered "Yes" to Form 990, Part IV, line 8.
1a
If the organization elected, as permitted under SFAS 116, not to report in its revenue statement and balance sheet works of
art, historical treasures, or other similar assets held for public exhibition, education or research in furtherance of public service,
provide, in Part XIV, the text of the footnote to its financial statements that describes these items.
b
If the organization elected, as permitted under SFAS 116, to report in its revenue statement and balance sheet works of art,
historical treasures, or other similar assets held for public exhibition, education, or research in furtherance of public service,
provide the following amounts relating to these items:
(i)
Revenues included in Form 990, Part VIII, line 1 ........................SchDMd Bullet $  
(ii)
Assets included in Form 990, Part X ..............................SchDMd Bullet $  
2
If the organization received or held works of art, historical treasures, or other similar assets for financial gain, provide the
following amounts required to be reported under SFAS 116 relating to these items:
a
Revenues included in Form 990, Part VIII, line 1 ..........................SchDMd Bullet $  
b
Assets included in Form 990, Part X ...............................SchDMd Bullet $  
For Privacy Act and Paperwork Reduction Act Notice, see the Intructions for Form 990
Cat. No. 52283D
Schedule D (Form 990) 2010

Schedule D (Form 990) 2010
Page 2
Part III
Organizations Maintaining Collections of Art, Historical Treasures, or Other Similar Assets (continued)
3
Using the organization’s accession and other records, check any of the following that are a significant use of its collection
items (check all that apply):
a
d
b
e
 
c
4
Provide a description of the organization’s collections and explain how they further the organization’s exempt purpose in
Part XIV.
5
During the year, did the organization solicit or receive donations of art, historical treasures or other similar
assets to be sold to raise funds rather than to be maintained as part of the organization’s collection?........
Part IV
Escrow and Custodial Arrangements. Complete if the organization answered "Yes" to Form 990,
Part IV, line 9, or reported an amount on Form 990, Part X, line 21.
1a
Is the organization an agent, trustee, custodian or other intermediary for contributions or other assets not
included on Form 990, Part X? ....................................
b
If "Yes," explain the arrangement in Part XIV and complete the following table:
Amount
c Beginning balance ................................. 1c  
d Additions during the year .............................. 1d  
e Distributions during the year ............................. 1e  
f Ending balance ................................... 1f  
2a
Did the organization include an amount on Form 990, Part X, line 21? .....................
b
If “Yes,” explain the arrangement in Part XIV.
Part V
Endowment Funds. Complete if the organization answered "Yes" to Form 990, Part IV, line 10.
(a)Current Year (b)Prior Year (c)Two Years Back (d)Three Years Back (e)Four Years Back
1a Beginning of year balance ....      
b Contributions ........      
c Investment earnings or losses ...      
d Grants or scholarships .....      
e Other expenditures for facilities
and programs ........ 		     
f Administrative expenses ....      
g End of year balance ......      
2
Provide the estimated percentage of the year end balance held as:
a
Board designated or quasi-endowment: SchDMd Bullet  
b
Permanent endowment: SchDMd Bullet  
c
Term endowment: SchDMd Bullet  
3a
Are there endowment funds not in the possession of the organization that are held and administered for the
organization by:

Yes
No
(i) unrelated organizations ........................
3a(i)
 
 
(ii) related organizations ........................
3a(ii)
 
 
b
If "Yes" to 3a(ii), are the related organizations listed as required on Schedule R? .........
3b
 
 
4
Describe in Part XIV the intended uses of the organization's endowment funds.
Part VI
Investments—Land, Buildings, and Equipment. See Form 990, Part X, line 10.
Description of investment (a) Cost or other basis (investment) (b)Cost or other basis (other) (c) Accumulated depreciation (d) Book value
1a Land .................      
b Buildings ................        
c Leasehold improvements ............ 35,213   7,293 27,920
d Equipment ................ 377,778   288,330 89,448
e Other .................        
Total. Add lines 1a-1e. (Column (d) should equal Form 990, Part X, column (B), line 10(c).)........SchDMdBullet 117,368
Schedule D (Form 990) 2010

Schedule D (Form 990) 2010
Page 3
Part VII
Investments—Other Securities. See Form 990, Part X, line 12.
(a) Description of security or category
(including name of security)		 (b)Book value (c) Method of valuation:
Cost or end-of-year market value
(1)Financial derivatives    
(2)Closely-held equity interests    
Other








Total. (Column (b) should equal Form 990, Part X, col.(B) line 12.)Small Bullet  
Part VIII
Investments—Program Related. See Form 990, Part X, line 13.
(a) Description of investment type (b) Book value (c) Method of valuation:
Cost or end-of-year market value








Total. (Column (b) should equal Form 990, Part X, col.(B) line 13.)Small Bullet  
Part IX
Other Assets. See Form 990, Part X, line 15.
(a) Description (b) Book value








Total. (Column (b) should equal Form 990, Part X, col.(B) line 15.)...........Small Bullet  
Part X
Other Liabilities. See Form 990, Part X, line 25.
1.(a) Description of Liability (b) Amount
Federal Income Taxes  








Total. (Column (b) should equal Form 990, Part X, col.(B) line 25.)Small Bullet  
2. Fin 48 (ASC 740) Footnote. In Part XIV, provide the text of the footnote to the organization's financial statements that reports the organization's liability for uncertain tax positions under FIN 48 (ASC740).
Schedule D (Form 990) 2010

Schedule D (Form 990) 2010
Page 4
Part XI Reconciliation of Change in Net Assets from Form 990 to Financial Statements
1 Total revenue (Form 990, Part VIII, column (A), line 12) .................... 1 1,546,895
2 Total expenses (Form 990, Part IX, column (A), line 25) ..................... 2 1,528,323
3 Excess or (deficit) for the year. Subtract line 2 from line 1 ............. 3 18,572
4 Net unrealized gains (losses) on investments .......................... 4  
5 Donated services and use of facilities ............................. 5  
6 Investment expenses ................................... 6  
7 Prior period adjustments .................................. 7  
8 Other (Describe in Part XIV) ................................. 8  
9 Total adjustments (net). Add lines 4 - 8 ............................. 9 0
10 Excess or (deficit) for the year per financial statements. Combine lines 3 and 9 ......... 10 18,572
Part XII Reconciliation of Revenue per Audited Financial Statements With Revenue per Return
1 Total revenue, gains, and other support per audited financial statements ....... 1 1,649,880
2 Amounts included on line 1 but not on Form 990, Part VIII, line 12:
a Net unrealized gains on investments .......... 2a  
b Donated services and use of facilities ......... 2b 39,031
c Recoveries of prior year grants ........... 2c  
d Other (Describe in Part XIV): ............ 2d 63,954
e Add lines 2a through 2d ..................... 2e 102,985
3 Subtract line 2e from line 1..................... 3 1,546,895
4 Amounts included on Form 990, Part VIII, line 12, but not on line 1:
a Investment expenses not included on Form 990, Part VIII, line 7b . 4a  
b Other (Describe in Part XIV): ........... 4b  
c Add lines 4a and 4b....................... 4c 0
5 Total Revenue. Add lines 3 and 4c. (This should equal Form 990, Part I, line 12.) ...... 5 1,546,895
Part XIII Reconciliation of Expenses per Audited Financial Statements With Expenses per Return
1 Total expenses and losses per audited financial statements ............. 1 1,631,308
2 Amounts included on line 1 but not on Form 990, Part IX, line 25:
a Donated services and use of facilities .......... 2a 39,031
b Prior year adjustments .............. 2b  
c Other losses ................ 2c  
d Other (Describe in Part XIV): ............ 2d 63,954
e Add lines 2a through 2d...................... 2e 102,985
3 Subtract line 2e from line 1..................... 3 1,528,323
4 Amounts included on Form 990, Part IX, line 25, but not on line 1:
a Investment expenses not included on Form 990, Part VIII, line 7b .. 4a  
b Other (Describe in Part XIV): ............ 4b  
c Add lines 4a and 4b....................... 4c 0
5 Total expenses. Add lines 3 and 4c. (This should equal Form 990, Part I, line 18.) ...... 5 1,528,323
Part XIV
Supplemental Information
Complete this part to provide the descriptions required for Part II, lines 3, 5, and 9; Part III, lines 1a and 4; Part lV, lines 1b and 2b;
Part V, line 4; Part X; Part XI, line 8; Part XII, lines 2d and 4b; and Part XIII, lines 2d and 4b. Also complete this part to provide any additional information.
Identifier Return Reference Explanation
DESCRIPTION OF UNCERTAIN TAX POSITIONS UNDER FIN 48: PART X: THE ORGANIZATION HAS ADOPTED THE PROVISIONS OF FASB ACCOUNTING STANDARDS CODIFICATION TOPIC ASC 740-10 ON JANUARY 1, 2009. THE IMPLEMENTATION OF THIS STANDARD HAD NO IMPACT ON THE FINANCIAL STATEMENTS. AS OF BOTH THE DATE OF ADOPTION, AND AS OF DECEMBER 31, 2010 AND 2009, THE UNRECOGNIZED TAX BENEFIT ACCRUAL WAS ZERO. THE ORGANIZATION WILL RECOGNIZE FUTURE ACCRUED INTEREST AND PENALTIES RELATED TO UNRECOGNIZED TAX BENEFITS IN INCOME TAX EXPENSE IF INCURRED. THE ORGANIZATION IS NO LONGER SUBJECT TO FEDERAL AND STATE TAX EXAMINATIONS BY TAX AUTHORITIES FOR YEARS BEFORE 2007.
PART XII, LINE 2D - OTHER ADJUSTMENTS:   RENTAL EXPENSES OFFSETTING RENT INCOME 63,954.
PART XIII, LINE 2D - OTHER ADJUSTMENTS:   RENTAL EXPENSES OFFSETTING RENT INCOME 63,954.
Schedule D (Form 990) 2010

Additional Data


Software ID:  
Software Version:  




Schedule I
(Form 990)
Department of the Treasury
Internal Revenue Service
Grants and Other Assistance to Organizations,
Governments and Individuals in the United States
Complete if the organization answered "Yes," to Form 990, Part IV, line 21 or 22.
lBullet Attach to Form 990
OMB No. 1545-0047
2010
Open to Public
Inspection
Name of the organization
GREATER MANKATO GROWTH INC
 
Employer identification number
41-1446548
Part I
General Information on Grants and Assistance
1
Does the organization maintain records to substantiate the amount of the grants or assistance, the grantees' eligibility for the grants or assistance, and
the selection criteria used to award the grants or assistance? ....................................
2
Describe in Part IV the organization's procedures for monitoring the use of grant funds in the United States.
Part II
Grants and Other Assistance to Governments and Organizations in the United States. Complete if the organization answered "Yes" to
Form 990, Part IV, line 21 for any recipient that received more than $5,000. Check this box if no one recipient received more than $5,000. Use
Part IV and Schedule I-1 (Form 990) if additional space is needed ......................... lBullet
(a) Name and address of organization
or government		 (b) EIN (c) IRC Code section
if applicable		 (d) Amount of cash grant (e) Amount of non-cash
assistance		 (f) Method of valuation
(book, FMV, appraisal,
other)		 (g) Description of
non-cash assistance		 (h) Purpose of grant
or assistance
(1) MANKATO AREA PUBLIC SCHOOLSPO BOX 8741
MANKATO,MN560028741 		41-6000310   43,750       TO SEND STUDENTS TO THE CAREER EXPO WHICH WILL HELP PREPARE THEM FOR ENTERING THE WORKFORCE.






















2
Enter total number of section 501(c)(3) and government organizations ......................... Bullet Image
 
3
Enter total number of other organizations ................................ . Bullet Image
1
For Privacy Act and Paperwork Reduction Act Notice, see the Instructions for Form 990.
Cat. No. 50055P
Schedule I (Form 990) 2010

Schedule I (Form 990) 2010
Page 2
Part III
Grants and Other Assistance to Individuals in the United States. Complete if the organization answered "Yes" to Form 990, Part IV, line 22.
Use Schedule I-1 (Form 990) if additional space is needed.
(a)Type of grant or assistance (b)Number of
recipients		 (c)Amount of
cash grant		 (d)Amount of
non-cash assistance		 (e)Method of valuation (book,
FMV, appraisal, other)		 (f)Description of non-cash assistance













Part IV
Supplemental Information. Complete this part to provide the information required in Part I, line 2, and any other additional information.
Identifier Return Reference Explanation
PROCEDURE FOR MONITORING GRANTS IN THE U.S.: PART I, LINE 2: SCHEDULE I, PART I, LINE 2: GREATER MANKATO GROWTH (GMG) KNOWS THAT THE MANKATO AREA PUBLIC SCHOOLS USED THE GRANT INCOME TO SEND STUDENTS TO THE CAREER EXPO BECAUSE GMG HOSTS THIS EVENT.
Schedule I (Form 990) 2010


Additional Data


Software ID:  
Software Version:  


SCHEDULE O
(Form 990 or 990-EZ)

Department of the Treasury
Internal Revenue Service
Supplemental Information to Form 990 or 990-EZ

Complete to provide information for responses to specific questions on
Form 990 or to provide any additional information.
MediumBullet Attach to Form 990 or 990-EZ.
OMB No. 1545-0047
2010
Open to Public
Inspection
Name of the organization
GREATER MANKATO GROWTH INC
 
Employer identification number

41-1446548
Identifier Return Reference Explanation
FORM 990, PART VI, SECTION A, LINE 2   KEITH STOVER AND RICHARD DAVENPORT - BUSINESS RELATIONSHIP. JONATHAN ZIERDT AND RICHARD DAVENPORT - BUSINESS RELATIONSHIP.
FORM 990, PART VI, SECTION A, LINE 4   THE ORGANIZATION'S BY-LAWS WERE AMENDED ON MARCH 9, 2010. THE FOLLOWING CHANGES WERE MADE: RESOLVED, THAT SECTION 2.02 OF THE CORPORATION'S BYLAWS IS HEREBY STRICKEN IN ITS ENTIRETY AND REPLACED WITH THE FOLLOWING NEW SECTION 2.02: "SECTION 2.02. NUMBER, ELECTION, AND QUALIFICATION. THE BOARD OF DIRECTORS SHALL CONSIST OF TWENTY-FOUR (24) DIRECTORS OF WHICH FIVE (5) SHALL BE EX OFFICIO DIRECTORS WITH VOTING RIGHTS; PROVIDED HOWEVER THAT THEREAFTER THE AUTHORIZED NUMBER OF DIRECTORS MAY BE INCREASED BY THE MEMBERS OR THE BOARD AND DECREASED BY THE MEMBERS. (A) THE DIRECTORS (SPECIFICALLY EXCLUDING THE EX OFFICIO DIRECTORS) SHALL BE THOSE PERSONS IDENTIFIED IN THE PLAN WHO SHALL HAVE TERMS CONTAINED IN THE PLAN. THEREAFTER, DIRECTORS (SPECIFICALLY EXCLUDING THE EX OFFICIO DIRECTORS) SHALL BE ELECTED TO FILL VACANCIES ON THE BOARD BY THE MEMBERS OF THE CORPORATION AT THE ANNUAL MEETING OF MEMBERS FROM AMONG THE SLATE OF CANDIDATES PRESENTED BY THE NOMINATING COMMITTEE. NOMINATIONS SHALL NOT BE ACCEPTED FROM THE FLOOR. DIRECTORS (SPECIFICALLY EXCLUDING THE EX OFFICIO DIRECTORS) SHALL BE ELECTED BY A MAJORITY VOTE OF THOSE MEMBERS PRESENT IN PERSON AT THE ANNUAL MEETING. EXCEPT AS OTHERWISE PROVIDED BELOW WITH RESPECT TO EX OFFICIO DIRECTORS, ALL DIRECTORS SHALL BE NATURAL PERSONS AND A MEMBER OF, OR EMPLOYED BY A MEMBER OF THE CORPORATION IN GOOD STANDING. IT IS DESIRED, BUT NOT REQUIRED THAT THE FOLLOWING ALSO BE TAKEN INTO ACCOUNT WHEN SELECTING THE NON-EX OFFICIO DIRECTORS: (I) TWO (2) DIRECTORS BE EMPLOYED BY VARIOUS HIGHER EDUCATION INSTITUTIONS WITHIN THE GREATER MANKATO AREA (PREFERABLY THE PRESIDENTS THEREOF); (II) FIVE (5) DIRECTORS BE EMPLOYED WITHIN THE PRIMARY ECONOMY TO INCLUDE, BY WAY OF EXAMPLE, MANUFACTURING, TECHNOLOGY AND INFORMATION, COMMUNICATIONS, UTILITIES, AND/OR CONSTRUCTION; (III) FIVE (5) DIRECTORS BE EMPLOYED BY PROFESSIONAL SERVICE FIRMS TO INCLUDE BY WAY OF EXAMPLE, THOSE IN THE FOLLOWING SERVICE INDUSTRIES: ACCOUNTING, LEGAL, ENGINEERING, ARCHITECTURAL, HEALTH CARE, AND FINANCIAL SERVICES; ( IV) THREE (3) DIRECTORS BE EMPLOYED IN THE RETAIL AND HOSPITALITY (INCLUDING HOTEL AND RESTAURANTS) INDUSTRY; AND (V) THE REMAINING DIRECTORS BE AT-LARGE." (B) THE EX-OFFICIO DIRECTORS SHALL BE THE FOLLOWING PERSONS: (I) ONE (I) SHALL BE THE MAYOR OR CITY MANAGER OF THE CITY OF MANKATO, MINNESOTA AS DETERMINED BY THE THEN CURRENT BOARD IN ITS SOLE DISCRETION; (II) ONE SHALL BE THE CHAIR OF THE BOARD OF GOVERNORS OF THE GREATER MANKATO CONVENTION AND VISITORS BUREAU, LLC; (III) ONE SHALL BE THE CHAIR OF THE CITY CENTER PARTNERSHIP COUNCIL; AND (IV) THE LAST TWO (2) SHALL BE THE CHAIR AND VICE CHAIR OF THE ADVISORY COMMITTEE APPOINTED PURSUANT TO JOINT ECONOMIC DEVELOPMENT SERVICES AGREEMENT REGARDING THE GREATER MANKATO REGIONAL MARKETPLACE, BY AND AMOUNG THE CORPORATION AND CERTAIN GOVERNMENT ENTITIES WHO ARE SIGNED THE SAME, DATED AS OF SEPTEMBER 20, 2009. RESOLVED, FURTHER, THAT SECTION 5.01 OF THE CORPORATION'S BYLAWS IS HEREBY STRICKEN IN ITS ENTIRETY AND REPLACED WITH THE FOLLOWING NEW SECTION 5.01. "SECTION 5.01. NUMBER OF DESIGNATION. THE OFFICERS OF THE CORPORATION SHALL INCLUDE A CHAIRPERSON OF THE BOARD, A PAST CHAIR, A CHIEF EXECUTIVE OFFICER, A SECRETARY AND A TREASURER. THE BOARD MAY ALSO CHOOSE TO ELECT SUCH ADDITIONAL OFFICERS OR AGENTS AS IT DEEMS NECESSARY, INCLUDING, WITHOUT LIMITATION, ASSISTANTS TO SUCH OFFICERS AND ONE OR MORE VICE PRESIDENTS AND VICE CHAIRS. ANY NUMBER OF OFFICES OR FUNCTIONS OF THOSE OFFICES, EXCEPT THOSE OF CHIEF EXECUTIVE OFFICER AND VICE PRESIDENT, AND CHAIR AND VICE CHAIR, MAY BE HELD OR EXERCISED BY THE SAME PERSON. NOTWITHSTANDING ANY CONTRARY PROVISION OF THE BYLAWS, NO DIRECTOR WHO IS AN EX OFFICIO DIRECTOR MAY SERVE AS AN OFFICER OF THE CORPORATION WHILE SUCH PERSON IS ACTIVELY SERVING IN SUCH EX-OFFICIO CAPACITY"
FORM 990, PART VI, SECTION A, 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. THERE IS ONLY ONE CLASS OF MEMBERSHIP.
FORM 990, PART VI, SECTION A, LINE 7A   EACH MEMBER SHALL HAVE ONE VOTE. MEMBERS OF THE CORPORATION SHALL ELECT THE BOARD OF DIRECTORS OF THE CORPORATION.
FORM 990, PART VI, SECTION A, LINE 7B   THE FOLLOWING ACTIONS REQUIRE MEMBER APPROVAL: 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, PART VI, SECTION B, LINE 11   A COPY OF THE FORM 990 IS GIVEN TO THE ENTIRE BOARD OF DIRECTORS FOR REVIEW PRIOR TO FILING WITH THE IRS.
  FORM 990, PART VI, SECTION B, LINE 12C A CONFLICT OF INTEREST DISCLOSURE STATEMENT IS COMPLETED BY ALL BOARD MEMBERS AND EXECUTIVE OFFICERS OF THE GREATER MANKATO GROWTH AND CONVENTION & VISITORS BUREAU. 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 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, PART VI, SECTION B, LINE 15A THE ORGANIZATION'S CEO, EXECUTIVE DIRECTOR, OR TOP MANAGEMENT OFFICIAL: THE EXECUTIVE COMMITTEE OF THE ORGANIZATION EVALUATED THE POSITION DESCRIPTION AND PERFORMANCE EXPECTATIONS IN COMPARISON WITH OTHER NON PROFIT, HIGHER EDUCATION, AND FOR PROFIT ENTITIES. IT THEN USED THIS ASSESSMENT TO CONDUCT WAGE AND COMPENSATION RESEARCH AND BENCHMARKING UTILIZING THEIR INDEPENDENT INDUSTRY KNOWLEDGE ALONG WITH THE FOLLOWING: -ASAE & THE CENTER FOR ASSOCIATION LEADERSHIP'S 2006 ASSOCIATION EXECUTIVE COMPENSATION & BENEFITS STUDY (HTTP://WWW.ASAECENTER.ORG/ABOUTUS/NEWSRELDETAIL.CFM?ITEMNUMBER=18305) -THE NONPROFIT TIMES SPECIAL REPORT, 2007 SALARY SURVEY (WWW.NPTIMES.COM) -PAYSCALE (WWW.PAYSCALE.COM) -SALARY.COM -MINNESOTA DEPARTMENT OF EMPLOYMENT AND ECONOMIC DEVELOPMENT, DETAILED OCCUPATION DATA (WWW.DEED.STATE.MN.US) THE ORGANIZATION AND PRESIDENT & CEO HAVE AGREED TO AN EXECUTIVE EMPLOYMENT AGREEMENT SPECIFYING TERMS AND COMPENSATION RELATED TO PERFORMANCE FROM JANUARY 1, 2008 THRU DECEMBER 31, 2012. OTHER OFFICERS OR KEY EMPLOYEES OF THE ORGANIZATION: THE ORGANIZATION'S OTHER PAID OFFICER IS ITS VICE PRESIDENT OF COMMUNITY DEVELOPMENT. THE PRESIDENT & CEO EVALUATED THE POSITION DESCRIPTION AND PERFORMANCE EXPECTATIONS IN COMPARISON WITH OTHER NON PROFIT AND COMMUNITY ORGANIZATIONS, AND THEN USED THIS ASSESSMENT TO CONDUCT WAGE AND COMPENSATION RESEARCH AND BENCHMARKING UTILIZING THE FOLLOWING: -MINNESOTA DEPARTMENT OF EMPLOYMENT AND ECONOMIC DEVELOPMENT, DETAILED OCCUPATION DATA (WWW.DEED.STATE.MN.US) -PAYSCALE (WWW.PAYSCALE.COM) -CAREER JOURNAL.COM, THE WALL STREET JOURNAL (HTTP://SALARYEXPERT.COM) -SIX STATE COMP AND BENEFIT SURVEY, 2006 (UPPER MIDWEST CHAMBERS OF COMMERCE) THE ABOVE WAS UTILIZED TO ESTABLISH THE INITIAL COMPENSATION, WITH FUTURE ADJUSTMENTS BASED ON ANNUAL PERFORMANCE REVIEWS.
  FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION'S GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY AND FINANCIAL STATEMENTS ARE AVAILABLE TO THE PUBLIC UPON REQUEST.
For Paperwork Reduction Act Notice, see the Instructions for Form 990 or 990-EZ.
Cat. No. 51056K
Schedule O (Form 990 or 990-EZ) 2010

Additional Data


Software ID:  
Software Version:  
SCHEDULE R
(Form 990)
Department of the Treasury
Internal Revenue Service
Related Organizations and Unrelated Partnerships
MediumBulletComplete if the organization answered "Yes" to Form 990, Part IV, line 33, 34, 35, 36, or 37.
MediumBulletAttach to Form 990. MediumBullet See separate instructions.

OMB No. 1545-0047
2010
Open to Public Inspection
Name of the organization
GREATER MANKATO GROWTH INC
 
Employer identification number

41-1446548
Part I
Identification of Disregarded Entities (Complete if the organization answered "Yes" on Form 990, Part IV, line 33.)
(a)
Name, address, and EIN of disregarded entity


(b)
Primary activity


 		(c)
Legal domicile (state
or foreign country)

 		(d)
Total income
(e)
End-of-year assets


 		(f)
Direct controlling
entity







(1) GREATER MANKATO CONVENTION AND VISITOR'S BUREAU LLC
1961 PREMIER DRIVE SUITE 100
MANKATO,MN56001
41-1446548 		MARKETING/PROMOTING THE REGION SO VISITORS COME FOR TOURISM & EVENTS MN 440,095 347,402 N/A










Part II
Identification of Related Tax-Exempt Organizations (Complete if the organization answered "Yes" on Form 990, Part IV, line 34 because it had one or more related tax-exempt organizations during the tax year.)
(a)
Name, address, and EIN of related organization


(b)
Primary activity


 		(c)
Legal domicile (state
or foreign country)

 		(d)
Exempt Code section
(e)
Public charity status
(if section 501(c)(3))

 		(f)
Direct controlling
entity

 		(g)
Section 512(b)(13) controlled organization
Yes No












For Privacy Act and Paperwork Reduction Act Notice, see the Instructions for Form 990.
Cat. No. 50135Y
Schedule R (Form 990) 2010
Schedule R (Form 990) 2010
Page 2
Part III
Identification of Related Organizations Taxable as a Partnership (Complete if the organization answered "Yes" on Form 990, Part IV, line 34 because it had one or more related organizations treated as a partnership during the tax year.)
(a)
Name, address, and EIN of
related organization



 		(b)
Primary activity




 		(c)
Legal
domicile
(state or foreign
country)


 		(d)
Direct controlling
entity



 		(e)
Predominant income(related, unrelated, excluded from tax under sections 512-514)

(f)
Share of total income




 		(g)
Share of end-of-year
assets



 		(h)
Disproprtionate allocations?




 		(i)
Code V—UBI
amount in box 20 of
Schedule K-1
(Form 1065)
 		(j)
General or
managing
partner?



 		(k)
Percentage
ownership
Yes No Yes No












Part IV
Identification of Related Organizations Taxable as a Corporation or Trust (Complete if the organization answered "Yes" on Form 990, Part IV, line 34 because it had one or more related organizations treated as a corporation or trust during the tax year.)
(a)
Name, address, and EIN of related organization



 		(b)
Primary activity



 		(c)
Legal domicile
(state or
foreign
country)
 		(d)
Direct controlling
entity


 		(e)
Type of entity
(C corp, S corp,
or trust)

 		(f)
Share of total income



 		(g)
Share of
end-of-year
assets

 		(h)
Percentage
ownership












Schedule R (Form 990) 2010
Schedule R (Form 990) 2010
Page 3
Part V
Transactions With Related Organizations (Complete if the organization answered "Yes" on Form 990, Part IV, line 34, 35, 35A, or 36.)
Note. Complete line 1 if any entity is listed in Parts II, III or IV.
Yes
No
1 During the tax year, did the orgranization engage in any of the following transactions with one or more related organizations listed in Parts II-IV?
a Receipt of (i) interest (ii) annuities (iii) royalties (iv) rent from a controlled entity . . . . . . . . . . . . . . . . . . . . . . .
1a
 
 
b Gift, grant, or capital contribution to other organization(s) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
1b
 
 
c Gift, grant, or capital contribution from other organization(s) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
1c
 
 
d Loans or loan guarantees to or for other organization(s) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
1d
 
 
e Loans or loan guarantees by other organization(s) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
1e
 
 
f Sale of assets to other organization(s) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
1f
 
 
g Purchase of assets from other organization(s) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
1g
 
 
h Exchange of assets . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
1h
 
 
i Lease of facilities, equipment, or other assets to other organization(s) . . . . . . . . . . . . . . . . . . . . . . . . . . . .
1i
 
 
j Lease of facilities, equipment, or other assets from other organization(s) . . . . . . . . . . . . . . . . . . . . . . . . . . .
1j
 
 
k Performance of services or membership or fundraising solicitations for other organization(s) . . . . . . . . . . . . . . . . . . . . . .
1k
 
 
l Performance of services or membership or fundraising solicitations by other organization(s) . . . . . . . . . . . . . . . . . . . . . .
1l
 
 
m Sharing of facilities, equipment, mailing lists, or other assets . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
1m
 
 
n Sharing of paid employees . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
1n
 
 
o Reimbursement paid to other organization for expenses . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
1o
 
 
p Reimbursement paid by other organization for expenses . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
1p
 
 
q Other transfer of cash or property to other organization(s) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
1q
 
 
r Other transfer of cash or property from other organization(s) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
1r
 
 
2
If the answer to any of the above is "Yes," see the instructions for information on who must complete this line, including covered relationships and transaction thresholds.
(a)
Name of other organization 		(b)
Transaction
type(a-r) 		(c)
Amount involved 		(d)
Method of determining amount involved
(1)
(2)
(3)
(4)
(5)
(6)
Schedule R (Form 990) 2010
Schedule R (Form 990) 2010
Page 4
Part VI
Unrelated Organizations Taxable as a Partnership (Complete if the organization answered "Yes" on Form 990, Part IV, line 37.)
Provide the following information for each entity taxed as a partnership through which the organization conducted more than five percent of its activities (measured by total assets or gross revenue) that was not a related organization. See instructions regarding exclusion for certain investment partnerships.
(a)
Name, address, and EIN of entity 		(b)
Primary activity 		(c)
Legal domicile
(state or foreign
country) 		(d)
Are all
partners
section
501(c)(3)
organizations? 		(e)
Share of
end-of-year
assets 		(f)
Disproprtionate allocations? 		(g)
Code V—UBI
amount in box
20 of Schedule K-1
(Form 1065) 		(h)
General or
managing
partner?
Yes No Yes No Yes No






























Schedule R (Form 990) 2010
Schedule R (Form 990) 2010
Page 5
Part VII
Supplemental Information
Complete this part to provide additional information for responses to questions on Schedule R (see instructions).
Identifier Return Reference Explanation
Additional Data


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