Civic Intelligence

Buffalo Niagara Convention & Visitors Bureau Foundation

990 • Fiscal year 2013 • EIN 10-0001221

Jan 01, 2013 to Dec 31, 2013 • Filed on Aug 14, 2014

617 Main Street No 200Buffalo, NY 14203

(716) 852-0511

Siviq Scores

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

Liabilities / Assets

81st percentile

0.36x

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

2013 filings • NTEE A • <$500k nonprofits • Source year 2013

Liabilities / Revenue

91st percentile

0.45x

Higher debt load relative to revenue than 91% of similar nonprofits.

2013 filings • NTEE A • <$500k nonprofits • Source year 2013

Net Margin

21st percentile

-14%

Higher net margin than 21% of similar nonprofits.

2013 filings • NTEE A • <$500k nonprofits • Source year 2013

Top Officer Pay

100th percentile

$113,065

Higher top officer pay than 100% of similar nonprofits.

Top officer pay equals 45.5% of source-year revenue.

2013 filings • NTEE A • <$500k nonprofits • Source year 2013

Asset Growth

30th percentile

-8.9%

Faster asset growth than 30% of similar nonprofits.

2013 filings • NTEE A • <$500k nonprofits • Annualized from 2012 to 2013

Revenue Growth

69th percentile

20%

Faster revenue growth than 69% of similar nonprofits.

2013 filings • NTEE A • <$500k nonprofits • Annualized from 2010 to 2013

Assets

Down

$305,375

Down $29,707 (-8.9%) from 2012

Net Assets

Down

$194,050

Down $33,828 (-15%) from 2012

Liabilities

Up

$111,325

Up $4,121 (+3.8%) from 2012

Revenue

$248,342

No earlier filing loaded for comparison.

Expenses

Down

$282,170

Down $8,847 (-3.0%) from 2012

Net Income

-$33,828

No earlier filing loaded for comparison.

Historical Trend

Balance Sheet Trend

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

$400K$300K$200K$100K$0Assets 2010: $116,730Liabilities 2010: $96,218Net Assets 2010: $20,5122010Assets 2011: $80,692Liabilities 2011: $65,985Net Assets 2011: $14,7072011Assets 2012: $335,082Liabilities 2012: $107,204Net Assets 2012: $227,8782012Assets 2013: $305,375Liabilities 2013: $111,325Net Assets 2013: $194,0502013Assets 2014: $249,594Liabilities 2014: $92,390Net Assets 2014: $157,2042014Assets 2015: $242,091Liabilities 2015: $125,236Net Assets 2015: $116,8552015Assets 2016: $112,080Liabilities 2016: $54,599Net Assets 2016: $57,4812016Assets 2017: $139,787Liabilities 2017: $100,158Net Assets 2017: $39,6292017Assets 2018: $127,940Liabilities 2018: $88,311Net Assets 2018: $39,6292018Assets 2019: $158,893Liabilities 2019: $119,264Net Assets 2019: $39,6292019Assets 2020: $152,438Liabilities 2020: $112,809Net Assets 2020: $39,6292020Assets 2021: $230,531Liabilities 2021: $101,462Net Assets 2021: $129,0692021

Highlighted filing

2013

Assets$305,375
Liabilities$111,325
Net Assets$194,050

Operations Trend

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

$800K$600K$400K$200K$0-$200KRevenue 2010: $143,791Expenses 2010: $137,632Net Income 2010: $6,1592010Expenses 2011: $651,5832011Expenses 2012: $291,0172012Revenue 2013: $248,342Expenses 2013: $282,170Net Income 2013: -$33,8282013Revenue 2014: $61,590Expenses 2014: $98,436Net Income 2014: -$36,8462014Revenue 2015: $51,096Expenses 2015: $91,445Net Income 2015: -$40,3492015Revenue 2016: $50,688Expenses 2016: $110,062Net Income 2016: -$59,3742016Revenue 2017: $74,666Expenses 2017: $92,518Net Income 2017: -$17,8522017Revenue 2018: $17,862Expenses 2018: $17,862Net Income 2018: $02018Revenue 2019: $11,304Expenses 2019: $11,304Net Income 2019: $02019Revenue 2020: $1,728Expenses 2020: $1,728Net Income 2020: $02020Revenue 2021: $92,371Expenses 2021: $2,931Net Income 2021: $89,4402021

Highlighted filing

2013

Revenue$248,342
Expenses$282,170
Net Income-$33,828
Jump To
Filing Snapshot
Filing Period
Jan 1, 2013 to Dec 31, 2013
Signed
Aug 14, 2014
Return Version
2013v3.0
Gross Receipts
$248,342
Mission and Program Overview

Mission

Educate the public on the cultural activities and resources in the buffalo-niagara region.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$161,311$124,964▼ $36,347
Accounts Receivable$122,002$91,589▼ $30,413
Cash and Non-Interest-Bearing Accounts$46,769$83,822▲ $37,053
Prepaid Expenses and Deferred Charges$5,000$5,000→ $0
Total Assets$335,082$305,375▼ $29,707
Liabilities
Accounts Payable and Accrued Expenses$67,568$101,625▲ $34,057
Other Liabilities$39,636$9,700▼ $29,936
Total Liabilities$107,204$111,325▲ $4,121
Net Assets / Fund Balance
Unrestricted Net Assets$227,878$194,050▼ $33,828
Total Net Assets Fund Balance$227,878$194,050▼ $33,828
Total Liabilities and Net Assets / Fund Balance$335,082$305,375▼ $29,707

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$124,964$66,255$191,219
Compensation and Service Providers

Employees

NameTitleOtherTotal
David MarzoCFO$113,065$113,065
Dottie Gallagher-cohenDirector/former Pres/CEO$88,792$88,792

Board Members and Trustees

NameTitle
Dennis P MurphyChair
Jonathan a DandesChair Elect
Gary D PraetzelImmediate Past Chair
Donald K BoswellVice Chair
C Douglas HartmayerDirector
Cindy Abbott-letroDirector
James T SandoroDirector
John J MillsDirector
Kerry C MitchellDirector
Leslie H ZemskyDirector
Lynn MarinelliDirector
Minesh PatelDirector
Paul Snyder IiiDirector
Randall KramerDirector
Steve BoydDirector
Susan M LotempioDirector
Toni L VazquezDirector
Maria WhyteExecutive Committee
Mary F RobertsSecretary
Revenue and Support

Revenue Composition

Contributions and Grants
$230,536
Program Service Revenue
$17,806
Investment Income
$0
Other Revenue
$0
All Other Contributions
$86,317
Change in Net Assets
$-33,828
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$282,170
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Expenses$145,034--$145,034
Advertising$92,341--$92,341
Depreciation Depletion-$36,347-$36,347
Fees for Services Other$5,214--$5,214
Occupancy-$3,234-$3,234
Total Functional Expenses$242,589$39,581$0$282,170
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
Lobbying activity
No
Subject to proxy tax
No
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Refundable Advances$9,700
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
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
Yes
Key decisions subject to board approval
Yes
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section A, Line 7A

Directors of corporation may submit to the nominating committee for consideration on the board.

Form 990, Part VI, Section A, Line 7B

Each member is entitled to one vote on all matters requiring board approval.

Form 990, Part VI, Section B, Line 11

Form 990 is reviewed with members at organization's office.

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

The corporation's chief employed executive and chief employed finance executive monitor proposed or ongoing transactions for conflicts of interest and disclose them to the governance committee in order to deal with potential or actual conflicts, whether discovered before or after the transaction has occurred.

Form 990, Part VI, Section B, Line 15

A formal written evaluation of the ceo performance is performed annually by the officers of the corporation at which time compensation and/or adjustments are made based on the accomplishments of goals, objectives and other criterion used as basis for evaluation.

Form 990, Part VI, Section C, Line 19

The documents are maintained in the corporate offices of the organization and are available upon request.

Filing and Contact Details

Filer

EIN
10-0001221
Phone
7168520511

Signing Officer

Name
David Marzo CPA
Title
President/CEO
Phone
7168520511
Signed
2014-08-14
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Patrick Kaler
Formed
2001
Legal Domicile
Ny
Voting Board Members
20
Independent Board Members
19
Employees
0
Volunteers
20

Preparer

Preparer
Donna M Gonser
Phone
7168563300
Supplemental Narrative

Additional Explanations

FORM 990, PART XII, LINE 2C:

No changes in the current year.

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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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IRS990/Form990PartVIISectionAGrp/TitleTxt0CHAIR ELECT
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IRS990/Form990PartVIISectionAGrp/TitleTxt2DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt3CHAIR
IRS990/Form990PartVIISectionAGrp/TitleTxt4DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt5IMMEDIATE PAST CHAIR
IRS990/Form990PartVIISectionAGrp/TitleTxt6SECRETARY
IRS990/Form990PartVIISectionAGrp/TitleTxt7DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt8DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt9VICE CHAIR
IRS990/Form990PartVIISectionAGrp/TitleTxt10DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt11DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt12DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt13DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt14DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt15EXECUTIVE COMMITTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt16DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt17DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt18DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt19DIRECTOR
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IRS990/MissionDesc0EDUCATE THE PUBLIC ON THE CULTURAL ACTIVITIES AND RESOURCES IN THE BUFFALO-NIAGARA REGION.
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IRS990/PoliticalCampaignActyInd00
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IRS990ScheduleJ/CompBsdNetEarnsFlngOrgInd00
IRS990ScheduleJ/CompBsdNetEarnsRltdOrgsInd00
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IRS990ScheduleJ/InitialContractExceptionInd00
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0DIRECTORS OF CORPORATION MAY SUBMIT TO THE NOMINATING COMMITTEE FOR CONSIDERATION ON THE BOARD.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1EACH MEMBER IS ENTITLED TO ONE VOTE ON ALL MATTERS REQUIRING BOARD APPROVAL.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2FORM 990 IS REVIEWED WITH MEMBERS AT ORGANIZATION'S OFFICE.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3THE CORPORATION'S CHIEF EMPLOYED EXECUTIVE AND CHIEF EMPLOYED FINANCE EXECUTIVE MONITOR PROPOSED OR ONGOING TRANSACTIONS FOR CONFLICTS OF INTEREST AND DISCLOSE THEM TO THE GOVERNANCE COMMITTEE IN ORDER TO DEAL WITH POTENTIAL OR ACTUAL CONFLICTS, WHETHER DISCOVERED BEFORE OR AFTER THE TRANSACTION HAS OCCURRED.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4A FORMAL WRITTEN EVALUATION OF THE CEO PERFORMANCE IS PERFORMED ANNUALLY BY THE OFFICERS OF THE CORPORATION AT WHICH TIME COMPENSATION AND/OR ADJUSTMENTS ARE MADE BASED ON THE ACCOMPLISHMENTS OF GOALS, OBJECTIVES AND OTHER CRITERION USED AS BASIS FOR EVALUATION.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5THE DOCUMENTS ARE MAINTAINED IN THE CORPORATE OFFICES OF THE ORGANIZATION AND ARE AVAILABLE UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6NO CHANGES IN THE CURRENT YEAR.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART VI, SECTION A, LINE 7A
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, SECTION A, LINE 7B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PART VI, SECTION B, LINE 11

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