Civic Intelligence

Greater Merrimack Valley Convention and Visitors Bureau Inc

990 • Fiscal year 2014 • EIN 04-3158302

Jul 01, 2013 to Jun 30, 2014 • Filed on Nov 17, 2014

Organization Profilewww.merrimackvalley.org
40 French Street 2nd FloorLowell, MA 01852

(978) 459-6150

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

57th percentile

0.24x

Higher debt load relative to assets than 57% of similar nonprofits.

2014 filings • 501(c)6 • $1M-$5M nonprofits • Source year 2014

Liabilities / Revenue

32nd percentile

0.08x

Higher debt load relative to revenue than 32% of similar nonprofits.

2014 filings • 501(c)6 • $1M-$5M nonprofits • Source year 2014

Net Margin

35th percentile

0.4%

Higher net margin than 35% of similar nonprofits.

2014 filings • 501(c)6 • $1M-$5M nonprofits • Source year 2014

Top Officer Pay

21st percentile

$0

Higher top officer pay than 21% of similar nonprofits.

Top officer pay equals 0.0% of source-year revenue.

2014 filings • 501(c)6 • $1M-$5M nonprofits • Source year 2014

Asset Growth

49th percentile

3.5%

Faster asset growth than 49% of similar nonprofits.

2014 filings • 501(c)6 • $1M-$5M nonprofits • Annualized from 2013 to 2014

Revenue Growth

82nd percentile

17%

Faster revenue growth than 82% of similar nonprofits.

2014 filings • 501(c)6 • $1M-$5M nonprofits • Annualized from 2013 to 2014

Balance Sheet
Liabilities / Assets57th percentile

Assets

Up

$354,237

Up $11,911 (+3.5%) from 2013

Net Assets

Up

$269,545

Up $4,422 (+1.7%) from 2013

Liabilities

Up

$84,692

Up $7,489 (+9.7%) from 2013

Revenue And Expenses
Liabilities / Revenue32nd percentileNet Margin35th percentile

Revenue

Up

$1,047,860

Up $149,255 (+17%) from 2013

Expenses

Up

$1,043,438

Up $150,930 (+17%) from 2013

Net Income

Down

$4,422

Down $1,675 (-27%) from 2013

Historical Trend

Balance Sheet Trend

Asset Growth49th percentile

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$1.0M$500K$0Assets 2011: $284,593Liabilities 2011: $31,497Net Assets 2011: $253,0962011Assets 2012: $311,985Liabilities 2012: $52,959Net Assets 2012: $259,0262012Assets 2013: $342,326Liabilities 2013: $77,203Net Assets 2013: $265,1232013Assets 2014: $354,237Liabilities 2014: $84,692Net Assets 2014: $269,5452014Assets 2015: $334,940Liabilities 2015: $91,062Net Assets 2015: $243,8782015Assets 2016: $370,856Liabilities 2016: $111,167Net Assets 2016: $259,6892016Assets 2017: $373,095Liabilities 2017: $114,748Net Assets 2017: $258,3472017Assets 2018: $461,253Liabilities 2018: $139,240Net Assets 2018: $322,0132018Assets 2019: $490,020Liabilities 2019: $165,955Net Assets 2019: $324,0652019Assets 2020: $410,274Liabilities 2020: $105,696Net Assets 2020: $304,5782020Assets 2021: $470,161Liabilities 2021: $149,754Net Assets 2021: $320,4072021Assets 2022: $928,554Liabilities 2022: $178,290Net Assets 2022: $750,2642022Assets 2023: $882,357Liabilities 2023: $232,383Net Assets 2023: $649,9742023Assets 2024: $641,432Liabilities 2024: $225,397Net Assets 2024: $416,0352024

Highlighted filing

2014

Assets$354,237
Liabilities$84,692
Net Assets$269,545
Open 2014 Filing

Operations Trend

Revenue Growth82nd percentile

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$1.5M$1.0M$500K$0-$500KRevenue 2011: $764,677Expenses 2011: $762,202Net Income 2011: $2,4752011Expenses 2012: $947,9812012Revenue 2013: $898,605Expenses 2013: $892,508Net Income 2013: $6,0972013Revenue 2014: $1,047,860Expenses 2014: $1,043,438Net Income 2014: $4,4222014Revenue 2015: $873,947Expenses 2015: $899,614Net Income 2015: -$25,6672015Revenue 2016: $970,320Expenses 2016: $954,509Net Income 2016: $15,8112016Revenue 2017: $813,607Expenses 2017: $814,949Net Income 2017: -$1,3422017Revenue 2018: $946,769Expenses 2018: $883,103Net Income 2018: $63,6662018Revenue 2019: $1,058,829Expenses 2019: $1,056,777Net Income 2019: $2,0522019Revenue 2020: $941,920Expenses 2020: $961,407Net Income 2020: -$19,4872020Revenue 2021: $516,348Expenses 2021: $500,519Net Income 2021: $15,8292021Revenue 2022: $1,088,974Expenses 2022: $659,117Net Income 2022: $429,8572022Revenue 2023: $736,043Expenses 2023: $799,943Net Income 2023: -$63,9002023Revenue 2024: $572,772Expenses 2024: $806,711Net Income 2024: -$233,9392024

Highlighted filing

2014

Revenue$1,047,860
Expenses$1,043,438
Net Income$4,422
Open 2014 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2013 to Jun 30, 2014
Signed
Nov 17, 2014
Return Version
2013v3.0
Gross Receipts
$1,047,860
Mission and Program Overview

Mission

The bureau was established to stimulate the region's economy by promoting and increasing tourism.

Balance Sheet Detail
LineBeginningEndChange
Assets
Savings and Temporary Cash Investments$182,188$243,314▲ $61,126
Cash and Non-Interest-Bearing Accounts$85,226$58,146▼ $27,080
Accounts Receivable$56,384$40,540▼ $15,844
Land, Buildings, and Equipment, Net$14,637$10,986▼ $3,651
Prepaid Expenses and Deferred Charges$3,891$1,251▼ $2,640
Total Assets$342,326$354,237▲ $11,911
Liabilities
Accounts Payable and Accrued Expenses$77,203$84,692▲ $7,489
Total Liabilities$77,203$84,692▲ $7,489
Net Assets / Fund Balance
Unrestricted Net Assets$265,123$269,545▲ $4,422
Total Net Assets Fund Balance$265,123$269,545▲ $4,422
Total Liabilities and Net Assets / Fund Balance$342,326$354,237▲ $11,911

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$10,986$67,448-
Compensation and Service Providers
Top Officer Pay21st percentile

Board Members and Trustees

NameTitle
Thomas Golden JrChairman
Pete LallyVice Chairman
Dick RourkeBoard Member
Emily ByrneBoard Member
James DeprofioBoard Member
Jan TurnquistBoard Member
Janet LeggatBoard Member
Jerry MurphyBoard Member
Jim ShawBoard Member
Kris FranzeeBoard Member
Michael GayBoard Member
Michael KuenzlerBoard Member
Michael LessardBoard Member
Michael RileyBoard Member
Scott PlathBoard Member
Susan HalterBoard Member
Tim BawmannBoard Member
Deborah BelangerExecutive Director
Colleen CoxClerk
Dave WallaceTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$565,802
Program Service Revenue
$480,939
Investment Income
$1,119
Other Revenue
$0
Change in Net Assets
$4,422
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$833,189
Salaries, Compensation, and Employee Benefits$210,249
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Current Officers, Directors, Trustees, and Key Employees$105,000--$105,000
Other Salaries and Wages$87,039--$87,039
Other Expenses$30,128--$30,128
All Other Expenses$20,375--$20,375
Payroll Taxes$18,210--$18,210
Travel$14,651--$14,651
Office Expenses$10,606--$10,606
Insurance$8,106--$8,106
Fees for Services Accounting$6,930--$6,930
Information Technology$5,458--$5,458
Depreciation Depletion$4,369--$4,369
Fees for Services Other$2,987--$2,987
Occupancy$1,839--$1,839
Total Functional Expenses$1,043,438$0$0$1,043,438
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Subject to proxy tax
No
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Backup withholding compliance
Yes
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
Yes
Other officer compensation reviewed
Yes
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section B, line 11

“The finance committee of the organization reviewed the form 990 individually and then collectively with the outside auditor. All officers of the organization are also members of the finance committee.”

Form 990, Part VI, Section B, line 12C

“Compliance with the organization's conflict of interest policy is monitored by the board of directors and the executive director. All applicable parties are required to annually certify compliance with the policy.”

Form 990, Part VI, Section B, line 15

“Compensation for the executive director is determined by the compensation committee of the board of directors on an annual basis. The executive director's compensation level is based on a thorough performance evaluation and by comparison to other organizations' compensation levels. The work of the compensation committee is documented in writing. The executive director recommends salary levels for other employees that are reviewed and approved by the board of directors as a part of the annual budget approval policy.”

Form 990, Part VI, Section C, line 19

“The greater merrimack valley convention and visitors bureau makes its governing documents, conflict of interest policy and financial statements available to the public by request.”

Filing and Contact Details

Filer

EIN
04-3158302
Phone
9784596150

Signing Officer

Name
Dave Wallace
Title
Treasurer
Phone
9784596150
Signed
2014-11-17
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Dave Wallace
Formed
1992
Legal Domicile
Ma
Voting Board Members
20
Independent Board Members
19
Employees
6
Volunteers
85

Preparer

Preparer
James C Shannon Iii
Phone
9782503777
Supplemental Narrative

Additional Explanations

Form 990, Part XII, Line 2C:

“NO CHANGE FROM 2012”

Raw XML AppendixShowing 400 of 430 raw XML fields

This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

Path#Value
IRS990/AccountantCompileOrReviewInd00
IRS990/AccountsPayableAccrExpnssGrp/BOYAmt077203
IRS990/AccountsPayableAccrExpnssGrp/EOYAmt084692
IRS990/AccountsReceivableGrp/BOYAmt056384
IRS990/AccountsReceivableGrp/EOYAmt040540
IRS990/ActivitiesConductedPrtshpInd00
IRS990/ActivityOrMissionDesc0THE BUREAU WAS ESTABLISHED TO STIMULATE THE REGION'S ECONOMY BY PROMOTING AND INCREASING TOURISM.
IRS990/AllOtherExpensesGrp/ProgramServicesAmt020375
IRS990/AllOtherExpensesGrp/TotalAmt020375
IRS990/AnnualDisclosureCoveredPrsnInd01
IRS990/BackupWthldComplianceInd01
IRS990/BooksInCareOfDetail/BusinessName/BusinessNameLine10DEBORAH BELANGER
IRS990/BooksInCareOfDetail/PhoneNum09784596150
IRS990/BooksInCareOfDetail/USAddress/AddressLine1040 FRENCH STREET 2ND FLOOR
IRS990/BooksInCareOfDetail/USAddress/City0LOWELL
IRS990/BooksInCareOfDetail/USAddress/State0MA
IRS990/BooksInCareOfDetail/USAddress/ZIPCode001852
IRS990/BusinessRlnWithFamMemInd00
IRS990/BusinessRlnWithOfficerEntInd00
IRS990/BusinessRlnWithOrgMemInd00
IRS990/CashNonInterestBearingGrp/BOYAmt085226
IRS990/CashNonInterestBearingGrp/EOYAmt058146
IRS990/ChangeToOrgDocumentsInd00
IRS990/CntrctRcvdGreaterThan100KCnt00
IRS990/CollectionsOfArtInd00
IRS990/CompCurrentOfcrDirectorsGrp/ProgramServicesAmt0105000
IRS990/CompCurrentOfcrDirectorsGrp/TotalAmt0105000
IRS990/CompensationFromOtherSrcsInd00
IRS990/CompensationProcessCEOInd01
IRS990/CompensationProcessOtherInd01
IRS990/ConflictOfInterestPolicyInd01
IRS990/ConservationEasementsInd00
IRS990/ConsolidatedAuditFinclStmtInd00
IRS990/CreditCounselingInd00
IRS990/CYBenefitsPaidToMembersAmt00
IRS990/CYContributionsGrantsAmt0565802
IRS990/CYGrantsAndSimilarPaidAmt00
IRS990/CYInvestmentIncomeAmt01119
IRS990/CYOtherExpensesAmt0833189
IRS990/CYOtherRevenueAmt00
IRS990/CYProgramServiceRevenueAmt0480939
IRS990/CYRevenuesLessExpensesAmt04422
IRS990/CYSalariesCompEmpBnftPaidAmt0210249
IRS990/CYTotalExpensesAmt01043438
IRS990/CYTotalFundraisingExpenseAmt00
IRS990/CYTotalProfFndrsngExpnsAmt00
IRS990/CYTotalRevenueAmt01047860
IRS990/DecisionsSubjectToApprovaInd00
IRS990/DeductibleArtContributionInd00
IRS990/DeductibleNonCashContriInd00
IRS990/DelegationOfMgmtDutiesInd00
IRS990/DepreciationDepletionGrp/ProgramServicesAmt04369
IRS990/DepreciationDepletionGrp/TotalAmt04369
IRS990/Desc0THE BUREAU ENGAGES IN MARKETING PROGRAMS, FAMILIARIZATION TOURS, PUBLIC RELATIONS PROGRAMS AND CO-OPERATIVE EFFORTS WITH LOCAL HOTELS, CONVENTION & ATTRACTION ORGANIZERS & OPERATORS & OTHER LOCAL BUSINESS IN FURTHERANCE OF THE ABOVE STATEMENT.
IRS990/DescribedInSection501c3Ind00
IRS990/DisregardedEntityInd00
IRS990/DocumentRetentionPolicyInd01
IRS990/DonorAdvisedFundInd00
IRS990/ElectionOfBoardMembersInd00
IRS990/EmployeeCnt06
IRS990/EmploymentTaxReturnsFiledInd01
IRS990/ExpenseAmt01043438
IRS990/FamilyOrBusinessRlnInd00
IRS990/FederalGrantAuditRequiredInd00
IRS990/FeesForServicesAccountingGrp/ProgramServicesAmt06930
IRS990/FeesForServicesAccountingGrp/TotalAmt06930
IRS990/FeesForServicesOtherGrp/ProgramServicesAmt02987
IRS990/FeesForServicesOtherGrp/TotalAmt02987
IRS990/ForeignActivitiesInd00
IRS990/ForeignFinancialAccountInd00
IRS990/ForeignOfficeInd00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt00.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt10.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt20.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt30.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt40.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt50.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt60.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt70.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt80.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt90.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt100.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt110.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt120.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt130.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt140.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt1540.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt160.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt170.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt180.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt190.00
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd0X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd1X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd2X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd3X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd4X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd5X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd6X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd7X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd8X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd9X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd10X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd11X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd12X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd13X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd14X
IRS990/Form990PartVIISectionAGrp/OfficerInd0X
IRS990/Form990PartVIISectionAGrp/OfficerInd1X
IRS990/Form990PartVIISectionAGrp/OfficerInd2X
IRS990/Form990PartVIISectionAGrp/OfficerInd3X
IRS990/Form990PartVIISectionAGrp/OfficerInd4X
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt00
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt10
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt20
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt30
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt40
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt50
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt60
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt70
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt80
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt90
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt100
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt110
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt120
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt130
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt140
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt150
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt160
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt170
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt180
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt190
IRS990/Form990PartVIISectionAGrp/PersonNm0TIM BAWMANN
IRS990/Form990PartVIISectionAGrp/PersonNm1EMILY BYRNE
IRS990/Form990PartVIISectionAGrp/PersonNm2JAMES DEPROFIO
IRS990/Form990PartVIISectionAGrp/PersonNm3KRIS FRANZEE
IRS990/Form990PartVIISectionAGrp/PersonNm4SUSAN HALTER
IRS990/Form990PartVIISectionAGrp/PersonNm5MICHAEL KUENZLER
IRS990/Form990PartVIISectionAGrp/PersonNm6JANET LEGGAT
IRS990/Form990PartVIISectionAGrp/PersonNm7MICHAEL LESSARD
IRS990/Form990PartVIISectionAGrp/PersonNm8JERRY MURPHY
IRS990/Form990PartVIISectionAGrp/PersonNm9SCOTT PLATH
IRS990/Form990PartVIISectionAGrp/PersonNm10MICHAEL RILEY
IRS990/Form990PartVIISectionAGrp/PersonNm11DICK ROURKE
IRS990/Form990PartVIISectionAGrp/PersonNm12JIM SHAW
IRS990/Form990PartVIISectionAGrp/PersonNm13JAN TURNQUIST
IRS990/Form990PartVIISectionAGrp/PersonNm14MICHAEL GAY
IRS990/Form990PartVIISectionAGrp/PersonNm15DEBORAH BELANGER
IRS990/Form990PartVIISectionAGrp/PersonNm16THOMAS GOLDEN JR
IRS990/Form990PartVIISectionAGrp/PersonNm17PETE LALLY
IRS990/Form990PartVIISectionAGrp/PersonNm18DAVE WALLACE
IRS990/Form990PartVIISectionAGrp/PersonNm19COLLEEN COX
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt00
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt10
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt20
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt30
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt40
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt50
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt60
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt70
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt80
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt90
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt100
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt110
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt120
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt130
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt140
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt150
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt160
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt170
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt180
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt190
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt00
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt10
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt20
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt30
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt40
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt50
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt60
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt70
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt80
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt90
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt100
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt110
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt120
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt130
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt140
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt150
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt160
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt170
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt180
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt190
IRS990/Form990PartVIISectionAGrp/TitleTxt0BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt1BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt2BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt3BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt4BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt5BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt6BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt7BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt8BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt9BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt10BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt11BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt12BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt13BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt14BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt15EXECUTIVE DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt16CHAIRMAN
IRS990/Form990PartVIISectionAGrp/TitleTxt17VICE CHAIRMAN
IRS990/Form990PartVIISectionAGrp/TitleTxt18TREASURER
IRS990/Form990PartVIISectionAGrp/TitleTxt19CLERK
IRS990/Form990ProvidedToGvrnBodyInd01
IRS990/FormationYr01992
IRS990/FormerOfcrEmployeesListedInd00
IRS990/FSAuditedInd00
IRS990/FundraisingActivitiesInd00
IRS990/GamingActivitiesInd00
IRS990/GoverningBodyVotingMembersCnt020
IRS990/GovernmentGrantsAmt0510045
IRS990/GrantsToIndividualsInd00
IRS990/GrantsToOrganizationsInd00
IRS990/GrantToRelatedPersonInd00
IRS990/GrossReceiptsAmt01047860
IRS990/GroupReturnForAffiliatesInd00
IRS990/IncludeFIN48FootnoteInd00
IRS990/IndependentAuditFinclStmtInd00
IRS990/IndependentVotingMemberCnt019
IRS990/IndivRcvdGreaterThan100KCnt00
IRS990/IndoorTanningServicesInd00
IRS990/InfoInScheduleOPartVIInd0X
IRS990/InfoInScheduleOPartXIIInd0X
IRS990/InformationTechnologyGrp/ProgramServicesAmt05458
IRS990/InformationTechnologyGrp/TotalAmt05458
IRS990/InsuranceGrp/ProgramServicesAmt08106
IRS990/InsuranceGrp/TotalAmt08106
IRS990/InvestmentIncomeGrp/RelatedOrExemptFuncIncomeAmt01119
IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt01119
IRS990/InvestmentInJointVentureInd00
IRS990/IRPDocumentCnt00
IRS990/IRPDocumentW2GCnt00
IRS990/LandBldgEquipAccumDeprecAmt067448
IRS990/LandBldgEquipBasisNetGrp/BOYAmt014637
IRS990/LandBldgEquipBasisNetGrp/EOYAmt010986
IRS990/LandBldgEquipCostOrOtherBssAmt078434
IRS990/LegalDomicileStateCd0MA
IRS990/LoanOutstandingInd00
IRS990/LocalChaptersInd00
IRS990/MaterialDiversionOrMisuseInd00
IRS990/MembershipDuesAmt055757
IRS990/MembersOrStockholdersInd00
IRS990/MethodOfAccountingAccrualInd0X
IRS990/MinutesOfCommitteesInd01
IRS990/MinutesOfGoverningBodyInd01
IRS990/MissionDesc0THE BUREAU WAS ESTABLISHED TO STIMULATE THE REGION'S ECONOMY BY PROMOTING AND INCREASING TOURISM.
IRS990/MoreThan5000KToIndividualsInd00
IRS990/MoreThan5000KToOrgInd00
IRS990/NetAssetsOrFundBalancesBOYAmt0265123
IRS990/NetAssetsOrFundBalancesEOYAmt0269545
IRS990/NetUnrelatedBusTxblIncmAmt00
IRS990/NoListedPersonsCompensatedInd0X
IRS990/NondeductibleContributionsInd00
IRS990/OccupancyGrp/ProgramServicesAmt01839
IRS990/OccupancyGrp/TotalAmt01839
IRS990/OfficeExpensesGrp/ProgramServicesAmt010606
IRS990/OfficeExpensesGrp/TotalAmt010606
IRS990/OfficerMailingAddressInd00
IRS990/OperateHospitalInd00
IRS990/Organization501cInd0X
IRS990/OrganizationFollowsSFAS117Ind0X
IRS990/OtherChangesInNetAssetsAmt00
IRS990/OtherExpensesGrp/Desc0MARKETING & PUBLIC RELA
IRS990/OtherExpensesGrp/Desc1VISITORS SERVICES & SPE
IRS990/OtherExpensesGrp/Desc2COLLATERAL DEVELOPMENT
IRS990/OtherExpensesGrp/Desc3POSTAGE
IRS990/OtherExpensesGrp/ProgramServicesAmt0560498
IRS990/OtherExpensesGrp/ProgramServicesAmt1105137
IRS990/OtherExpensesGrp/ProgramServicesAmt262105
IRS990/OtherExpensesGrp/ProgramServicesAmt330128
IRS990/OtherExpensesGrp/TotalAmt0560498
IRS990/OtherExpensesGrp/TotalAmt1105137
IRS990/OtherExpensesGrp/TotalAmt262105
IRS990/OtherExpensesGrp/TotalAmt330128
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt087039
IRS990/OtherSalariesAndWagesGrp/TotalAmt087039
IRS990/PartialLiquidationInd00
IRS990/PayrollTaxesGrp/ProgramServicesAmt018210
IRS990/PayrollTaxesGrp/TotalAmt018210
IRS990/PoliticalCampaignActyInd00
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt03891
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt01251
IRS990/PrincipalOfficerNm0DAVE WALLACE
IRS990/ProfessionalFundraisingInd00
IRS990/ProgramServiceRevenueGrp/BusinessCd0900099
IRS990/ProgramServiceRevenueGrp/Desc0PROMOTIONS & EVENTS
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt0480939
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt0480939
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt0409679
IRS990/PYGrantsAndSimilarPaidAmt00
IRS990/PYInvestmentIncomeAmt01339
IRS990/PYOtherExpensesAmt0697460
IRS990/PYOtherRevenueAmt00
IRS990/PYProgramServiceRevenueAmt0487587
IRS990/PYRevenuesLessExpensesAmt06097
IRS990/PYSalariesCompEmpBnftPaidAmt0195048
IRS990/PYTotalExpensesAmt0892508
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt0898605
IRS990/ReconcilationRevenueExpnssAmt04422
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd00
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd00
IRS990/ReportProgramRelatedInvstInd00
IRS990/RevenueAmt0482058
IRS990/SavingsAndTempCashInvstGrp/BOYAmt0182188
IRS990/SavingsAndTempCashInvstGrp/EOYAmt0243314
IRS990ScheduleB/ContributorInformationGrp/ContributorBusinessName/BusinessNameLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorNum0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine20RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/City0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/State0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/ZIPCode0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/TotalContributionsAmt0RESTRICTED
IRS990/ScheduleBRequiredInd01
IRS990ScheduleD/EquipmentGrp/BookValueAmt010986
IRS990ScheduleD/EquipmentGrp/DepreciationAmt067448
IRS990ScheduleD/EquipmentGrp/InvestmentCostOrOtherBasisAmt078434
IRS990ScheduleD/TotalBookValueLandBuildingsAmt010986
IRS990/ScheduleJRequiredInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE FINANCE COMMITTEE OF THE ORGANIZATION REVIEWED THE FORM 990 INDIVIDUALLY AND THEN COLLECTIVELY WITH THE OUTSIDE AUDITOR. ALL OFFICERS OF THE ORGANIZATION ARE ALSO MEMBERS OF THE FINANCE COMMITTEE.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1COMPLIANCE WITH THE ORGANIZATION'S CONFLICT OF INTEREST POLICY IS MONITORED BY THE BOARD OF DIRECTORS AND THE EXECUTIVE DIRECTOR. ALL APPLICABLE PARTIES ARE REQUIRED TO ANNUALLY CERTIFY COMPLIANCE WITH THE POLICY.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2COMPENSATION FOR THE EXECUTIVE DIRECTOR IS DETERMINED BY THE COMPENSATION COMMITTEE OF THE BOARD OF DIRECTORS ON AN ANNUAL BASIS. THE EXECUTIVE DIRECTOR'S COMPENSATION LEVEL IS BASED ON A THOROUGH PERFORMANCE EVALUATION AND BY COMPARISON TO OTHER ORGANIZATIONS' COMPENSATION LEVELS. THE WORK OF THE COMPENSATION COMMITTEE IS DOCUMENTED IN WRITING. THE EXECUTIVE DIRECTOR RECOMMENDS SALARY LEVELS FOR OTHER EMPLOYEES THAT ARE REVIEWED AND APPROVED BY THE BOARD OF DIRECTORS AS A PART OF THE ANNUAL BUDGET APPROVAL POLICY.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3THE GREATER MERRIMACK VALLEY CONVENTION AND VISITORS BUREAU MAKES ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC BY REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4NO CHANGE FROM 2012
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Form 990, Part VI, Section B, line 11
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Form 990, Part VI, Section B, line 12c
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Form 990, Part VI, Section B, line 15
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3Form 990, Part VI, Section C, line 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4Form 990, Part XII, Line 2c:
IRS990/SchoolOperatingInd00
IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
IRS990/StatesWhereCopyOfReturnIsFldCd0MA
IRS990/SubjectToProxyTaxInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TempOrPermanentEndowmentsInd00
IRS990/TerminateOperationsInd00
IRS990/TotalAssetsBOYAmt0342326
IRS990/TotalAssetsEOYAmt0354237
IRS990/TotalAssetsGrp/BOYAmt0342326
IRS990/TotalAssetsGrp/EOYAmt0354237
IRS990/TotalCompGreaterThan150KInd00
IRS990/TotalContributionsAmt0565802
IRS990/TotalEmployeeCnt06
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt00
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt01043438
IRS990/TotalFunctionalExpensesGrp/TotalAmt01043438
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt077203
IRS990/TotalLiabilitiesEOYAmt084692
IRS990/TotalLiabilitiesGrp/BOYAmt077203
IRS990/TotalLiabilitiesGrp/EOYAmt084692
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0265123
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0269545
IRS990/TotalOtherCompensationAmt00
IRS990/TotalProgramServiceExpensesAmt01043438
IRS990/TotalProgramServiceRevenueAmt0480939
IRS990/TotalReportableCompFromOrgAmt00
IRS990/TotalRevenueGrp/ExclusionAmt00
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt0482058
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt01047860
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotalVolunteersCnt085
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt0342326
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt0354237
IRS990/TotReportableCompRltdOrgAmt00
IRS990/TravelGrp/ProgramServicesAmt014651
IRS990/TravelGrp/TotalAmt014651
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd00
IRS990/UnrestrictedNetAssetsGrp/BOYAmt0265123
IRS990/UnrestrictedNetAssetsGrp/EOYAmt0269545
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine101 MERRIMACK PLAZA
IRS990/USAddress/City0LOWELL
IRS990/USAddress/State0MA
IRS990/USAddress/ZIPCode001852
IRS990/VotingMembersGoverningBodyCnt020
IRS990/VotingMembersIndependentCnt019
IRS990/WebsiteAddressTxt0www.merrimackvalley.org
IRS990/WhistleblowerPolicyInd01

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2014 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$354,237
Liabilities
$84,692
Net assets
$269,545
Revenue
$1,047,860
Expenses
$1,043,438
Net income
$4,422
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$0.64$0.23$0.42$0.57$0.81$0.23
2023Detailed filing. Detailed filing data is available for this year.$0.88$0.23$0.65$0.74$0.80$0.06
2022Detailed filing. Detailed filing data is available for this year.$0.93$0.18$0.75$1.09$0.66$0.43
2021Detailed filing. Detailed filing data is available for this year.$0.47$0.15$0.32$0.52$0.50$0.02
2020Detailed filing. Detailed filing data is available for this year.$0.41$0.11$0.30$0.94$0.96$0.02
2019Detailed filing. Detailed filing data is available for this year.$0.49$0.17$0.32$1.06$1.06$0.00
2018Detailed filing. Detailed filing data is available for this year.$0.46$0.14$0.32$0.95$0.88$0.06
2017Detailed filing. Detailed filing data is available for this year.$0.37$0.11$0.26$0.81$0.81$0.00
2016Detailed filing. Detailed filing data is available for this year.$0.37$0.11$0.26$0.97$0.95$0.02
2015Detailed filing. Detailed filing data is available for this year.$0.33$0.09$0.24$0.87$0.90$0.03
2014Detailed filing. Detailed filing data is available for this year.$0.35$0.08$0.27$1.05$1.04$0.00
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.34$0.08$0.27$0.90$0.89$0.01
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.31$0.05$0.26$0.95
2011Summary only. Only limited summary data is available for this year.$0.28$0.03$0.25$0.76$0.76$0.00