Civic Intelligence

Putnam County Visitors' Bureau Inc

990 • Fiscal year 2018 • EIN 06-1528061

Jan 01, 2018 to Dec 31, 2018 • Filed on May 09, 2019

40 Gleneida AvenueCarmel, NY 10512

(845) 808-1015

Siviq Scores

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

Liabilities / Assets

81st percentile

0.20x

Higher debt load relative to assets than 81% of similar nonprofits.

2018 filings • 501(c)6 • <$500k nonprofits • Source year 2018

Liabilities / Revenue

71st percentile

0.05x

Higher debt load relative to revenue than 71% of similar nonprofits.

2018 filings • 501(c)6 • <$500k nonprofits • Source year 2018

Net Margin

77th percentile

15%

Higher net margin than 77% of similar nonprofits.

2018 filings • 501(c)6 • <$500k nonprofits • Source year 2018

Top Officer Pay

70th percentile

$0

Higher top officer pay than 70% of similar nonprofits.

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

2018 filings • 501(c)6 • <$500k nonprofits • Source year 2018

Asset Growth

80th percentile

23%

Faster asset growth than 80% of similar nonprofits.

2018 filings • 501(c)6 • <$500k nonprofits • Annualized from 2017 to 2018

Revenue Growth

50th percentile

0.6%

Faster revenue growth than 50% of similar nonprofits.

2018 filings • 501(c)6 • <$500k nonprofits • Annualized from 2017 to 2018

Assets

Up

$60,951

Up $11,366 (+23%) from 2017

Net Assets

Up

$48,661

Up $41,388 (+569%) from 2017

Liabilities

Down

$12,290

Down $30,022 (-71%) from 2017

Revenue

Up

$271,401

Up $1,630 (+0.6%) from 2017

Expenses

Down

$230,014

Down $12,593 (-5.2%) from 2017

Net Income

Up

$41,387

Up $14,223 (+52%) from 2017

Historical Trend

Balance Sheet Trend

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

$100K$50K$0-$50KAssets 2011: $68,098Liabilities 2011: $6,690Net Assets 2011: $61,4082011Assets 2012: $65,641Liabilities 2012: $1,361Net Assets 2012: $64,2802012Assets 2013: $6,967Liabilities 2013: $13,617Net Assets 2013: -$6,6502013Assets 2014: $44,142Liabilities 2014: $25,024Net Assets 2014: $19,1182014Assets 2015: $16,802Liabilities 2015: $23,762Net Assets 2015: -$6,9602015Assets 2016: $54,220Liabilities 2016: $74,111Net Assets 2016: -$19,8912016Assets 2017: $49,585Liabilities 2017: $42,312Net Assets 2017: $7,2732017Assets 2018: $60,951Liabilities 2018: $12,290Net Assets 2018: $48,6612018Assets 2019: $0Liabilities 2019: $0Net Assets 2019: $02019

Highlighted filing

2018

Assets$60,951
Liabilities$12,290
Net Assets$48,661

Operations Trend

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

$600K$400K$200K$0-$200KExpenses 2011: $247,6832011Expenses 2012: $272,6062012Revenue 2013: $373,661Expenses 2013: $444,591Net Income 2013: -$70,9302013Revenue 2014: $385,005Expenses 2014: $359,238Net Income 2014: $25,7672014Revenue 2015: $268,154Expenses 2015: $294,232Net Income 2015: -$26,0782015Revenue 2016: $275,032Expenses 2016: $287,965Net Income 2016: -$12,9332016Revenue 2017: $269,771Expenses 2017: $242,607Net Income 2017: $27,1642017Revenue 2018: $271,401Expenses 2018: $230,014Net Income 2018: $41,3872018Revenue 2019: $108,713Expenses 2019: $140,249Net Income 2019: -$31,5362019

Highlighted filing

2018

Revenue$271,401
Expenses$230,014
Net Income$41,387
Jump To
Filing Snapshot
Filing Period
Jan 1, 2018 to Dec 31, 2018
Signed
May 9, 2019
Return Version
2018v3.1
Gross Receipts
$271,401
Mission and Program Overview

Mission

County Tourism Bureau

Putnam County Visitors Bureau identifies and promotes places of interest, events and happenings and things to do in Putnam County. PCVB operates the Putnam County Tourism Bureau

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$6,441$42,453▲ $36,012
Savings and Temporary Cash Investments$30,780$18,498▼ $12,282
Accounts Receivable$12,208--
Prepaid Expenses and Deferred Charges$156--
Total Assets$49,585$60,951▲ $11,366
Liabilities
Accounts Payable and Accrued Expenses$42,312$12,290▼ $30,022
Total Liabilities$42,312$12,290▼ $30,022
Net Assets / Fund Balance
Unrestricted Net Assets$-11,667$39,962▲ $51,629
Temporarily Rstr Net Assets$18,940$8,699▼ $10,241
Total Net Assets Fund Balance$7,273$48,661▲ $41,388
Total Liabilities and Net Assets / Fund Balance$49,585$60,951▲ $11,366

Asset Categories

AssetBook ValueDepreciationBasis
Equipment-$1,186$1,186
Compensation and Service Providers

Board Members and Trustees

NameTitle
Barney MolloyChairman
Kevin CallahanVice Chairman
Elizabeth Carson-Tompkinsboard member
Kim Boeheimboard member
Laura Lee Holmboboard member
Rhonda Jacobiusboard member
Victoria Causaboard member
Revenue and Support

Revenue Composition

Contributions and Grants
$271,322
Program Service Revenue
$0
Investment Income
$79
Other Revenue
$0
Change in Net Assets
$41,387
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$159,913
Salaries, Compensation, and Employee Benefits$70,101
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
All Other Expenses$149,032--$149,032
Current Officers, Directors, Trustees, and Key Employees$65,000--$65,000
Fees for Services Legal-$7,910-$7,910
Payroll Taxes$5,101--$5,101
Insurance$739$1,244-$1,983
Travel$988--$988
Total Functional Expenses$220,860$9,154$0$230,014
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
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Federal income taxes-
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
Yes
Annual disclosure for covered persons
Yes
Audit committee
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 11B

Board of Directors and executive director review the 990 prior to filing.

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

Board annually reviews conflict of interest issues.

Form 990, Part VI, Section B, Line 15B

Putnam County Visitors Bureau board of directors appoints tourism director. Compensation is part of the budget developed and approved by the board of directors and submitted for approval by Putnam County legistature via budget approval process. When needed, data from comparable compensation for similiar qualified persons in functionally comparable positions at similar situated organizations is used to determined compensation.

Form 990, Part VI, Section C, Line 19

The organization makes its governing documents, conflict of interest policy, and financial statements available to the public during the tax year upon written request to the organization.

Filing and Contact Details

Filer

Filer Name
Putnam County Visitors' Bureau Inc
EIN
06-1528061
Phone
8458081015
Address
40 Gleneida Avenue, Carmel, NY 10512

Signing Officer

Name
Kevin Callahan
Title
Chairman
Phone
8458081015
Signed
2019-05-09
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Bruce Conklin
Formed
1999
Legal Domicile
Ny
Voting Board Members
7
Independent Board Members
7
Employees
1

Preparer

Firm
McGoldrick & McGoldrick CPAs LLP
Address
413 Route 164, Brewster, NY 10509
Preparer
Ruth H McGoldrick b
Phone
8458787703
Supplemental Narrative

Additional Explanations

Form 990, Part XI, Line 9

Rounding

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

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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0Board of Directors and executive director review the 990 prior to filing.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1Board annually reviews conflict of interest issues.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2Putnam County Visitors Bureau board of directors appoints tourism director. Compensation is part of the budget developed and approved by the board of directors and submitted for approval by Putnam County legistature via budget approval process. When needed, data from comparable compensation for similiar qualified persons in functionally comparable positions at similar situated organizations is used to determined compensation.
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4Rounding
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ReturnHeader/FilingSecurityInformation/AtSubmissionCreationDeviceId0AFD8B5D23C91680CCE9ADFA4291223D4950D0DE4
ReturnHeader/FilingSecurityInformation/AtSubmissionFilingDeviceId0A4802D5973F46DD9C9750A72EAEA8816462D6B66
ReturnHeader/FilingSecurityInformation/FilingLicenseTypeCd0P
ReturnHeader/FilingSecurityInformation/IPAddress/IPv4AddressTxt067.189.190.67
ReturnHeader/FilingSecurityInformation/IPDt02019-05-15
ReturnHeader/FilingSecurityInformation/IPTimezoneCd0ED
ReturnHeader/FilingSecurityInformation/IPTm012:03:59
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0McGoldrick & McGoldrick CPAs LLP
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt0413 Route 164
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0Brewster
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0NY
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd010509
ReturnHeader/PreparerPersonGrp/PhoneNum08458787703
ReturnHeader/PreparerPersonGrp/PreparationDt02019-05-09
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0Ruth H McGoldrick b
ReturnHeader/PreparerPersonGrp/SelfEmployedInd0X
ReturnHeader/ReturnTs02019-05-09T03:46:37-00:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02018-01-01
ReturnHeader/TaxPeriodEndDt02018-12-31
ReturnHeader/TaxYr02018

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Filings

Peer Organizations

Similar nonprofits based on the same Siviq industry and scale cohort. 2018 filings • 501(c)6 • <$500k nonprofits