Liabilities / Assets
82nd percentile
Higher debt load relative to assets than 82% of similar nonprofits.
Mchenry County Convention and Visitors Bureau
990 • Fiscal year 2019 • EIN 14-1934076
Siviq Scores
Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.
0.20x
Liabilities / Revenue
79th percentile
Higher debt load relative to revenue than 79% of similar nonprofits.
Net Margin
54th percentile
Higher net margin than 54% of similar nonprofits.
Top Officer Pay
80th percentile
Higher top officer pay than 80% of similar nonprofits.
Top officer pay equals 7.4% of source-year revenue.
Asset Growth
60th percentile
Faster asset growth than 60% of similar nonprofits.
Revenue Growth
79th percentile
Faster revenue growth than 79% of similar nonprofits.
Balance Sheet
Assets
Up$259,088
Up $18,488 (+7.7%) from 2018
Net Assets
Up$207,238
Up $18,936 (+10%) from 2018
Liabilities
Down$51,850
Down $448 (-0.9%) from 2018
Revenue And Expenses
Revenue
Up$464,230
Up $73,841 (+19%) from 2018
Expenses
Up$445,294
Up $53,302 (+14%) from 2018
Net Income
Up$18,936
Up $20,539 (+1281%) from 2018
Historical Trend
Jump To
Filing Snapshot
- Filing Period
- Jul 1, 2018 to Jun 30, 2019
- Signed
- Nov 5, 2020
- Return Version
- 2018v3.1
- Gross Receipts
- $464,230
Mission and Program Overview
Mission
To create economic growth for and to develop and promote McHenry County by effectively marketing the region as a preferred convention and visitors destination as well as enhancing the visitor's experience
Balance Sheet Detail
| Line | Beginning | End | Change |
|---|---|---|---|
| Assets | |||
| Cash and Non-Interest-Bearing Accounts | $128,728 | $146,172 | ▲ $17,444 |
| Accounts Receivable | $102,000 | $102,000 | → $0 |
| Land, Buildings, and Equipment, Net | $9,872 | $10,916 | ▲ $1,044 |
| Savings and Temporary Cash Investments | - | $0 | - |
| Other Notes and Loans Receivable, Net | - | $0 | - |
| Pledges and Grants Receivable | - | $0 | - |
| Receivable From Disqualified Prsn | - | $0 | - |
| Receivables From Officers Etc | - | $0 | - |
| Investments Other Securities | - | $0 | - |
| Investments Program Related | - | $0 | - |
| Investments in Publicly Traded Securities | - | $0 | - |
| Intangible Assets | - | $0 | - |
| Inventories for Sale or Use | - | $0 | - |
| Prepaid Expenses and Deferred Charges | - | $0 | - |
| Total Assets | $240,600 | $259,088 | ▲ $18,488 |
| Other Assets Total | - | $0 | - |
| Liabilities | |||
| Other Liabilities | $51,000 | $51,000 | → $0 |
| Accounts Payable and Accrued Expenses | $1,298 | $850 | ▼ $448 |
| Total Liabilities | $52,298 | $51,850 | ▼ $448 |
| Net Assets / Fund Balance | |||
| Unrestricted Net Assets | $188,302 | $207,238 | ▲ $18,936 |
| Total Net Assets Fund Balance | $188,302 | $207,238 | ▲ $18,936 |
| Total Liabilities and Net Assets / Fund Balance | $240,600 | $259,088 | ▲ $18,488 |
Asset Categories
| Asset | Book Value | Depreciation | Basis |
|---|---|---|---|
| Other Land Buildings | $2,497 | $7,530 | - |
| Equipment | $8,419 | $2,241 | - |
Compensation and Service Providers
Employees
| Name | Title | Full / Part Time | Base | Total |
|---|---|---|---|---|
| Jaki Berggren | Executive Director | FT | $34,154 | $34,154 |
Board Members and Trustees
| Name | Title |
|---|---|
| JAMES McCONOUGHEY | President |
| Sarah Bell | Vice President |
| Bill Hobson | Director |
| Elizabeth Kessler | Director |
| Eric Yarolimek | Director |
| Heather Maieritsch | Director |
| John Jung | Director |
| Jonathan Sara | Director |
| Kevin Ginty | Director |
| Melissa Stocker | Director |
| Peter Wisniewski | Director |
| Ryan Knop | Director |
| Scott Hartmann | Director |
| Wendy Richardson | Director |
| Kurt Begalka | Secretary |
| Krista Coltrin | Treasurer |
Revenue and Support
Revenue Composition
- Contributions and Grants
- $463,172
- Program Service Revenue
- $0
- Investment Income
- $0
- Other Revenue
- $1,058
- All Other Contributions
- $5,400
- Change in Net Assets
- $18,936
Expenses and Functional Allocation
Major Expense Lines
| Line Item | Amount |
|---|---|
| Other Expenses | $295,986 |
| Salaries, Compensation, and Employee Benefits | $149,308 |
| Total Fundraising Expense | $62,302 |
| Grants and Similar Amounts Paid | $0 |
| Professional Fundraising Fees | $0 |
Functional Expense Allocation
| Line Item | Program | Management | Fundraising | Total |
|---|---|---|---|---|
| Advertising | $179,824 | - | - | $179,824 |
| Other Salaries and Wages | $54,020 | $33,763 | $47,267 | $135,050 |
| Fees for Services Other | $32,832 | $10,183 | - | $43,015 |
| Occupancy | $5,175 | $3,235 | $4,529 | $12,939 |
| Payroll Taxes | $4,259 | $2,662 | $3,727 | $10,648 |
| Insurance | $3,794 | $2,371 | $3,319 | $9,484 |
| Conferences and Meetings | $4,196 | $4,671 | - | $8,867 |
| Office Expenses | - | $7,656 | - | $7,656 |
| Fees for Services Accounting | - | $3,811 | - | $3,811 |
| Pension Plan Contributions | - | $3,610 | - | $3,610 |
| Depreciation Depletion | - | $3,489 | - | $3,489 |
| Fees for Services Legal | - | $1,456 | - | $1,456 |
| Other Expenses | $2,435 | $161 | $3,460 | $161 |
| Total Functional Expenses | $304,194 | $78,798 | $62,302 | $445,294 |
Fundraising, Events, and Gaming
- Fundraising activities
- No
- Gaming activities
- No
- Professional fundraiser used
- No
Fundraising and Gaming Totals
| Line Item | Amount |
|---|---|
| Professional Fundraising Fees | $0 |
Political and Lobbying Activity
- Political campaign activity
- No
- Subject to proxy tax
- No
Insider Transactions and Loans
Loans and Receivables
| Line Item | Beginning | End | Change |
|---|---|---|---|
| Receivables from Disqualified Persons | - | $0 | - |
| Receivables from Officers, Directors, Trustees, and Key Employees | - | $0 | - |
Debt and Bond Financing
Other Reported Liabilities
| Liability | Amount |
|---|---|
| Deferred Revenue | $51,000 |
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, Line 11B: Form 990 Review Process
“The Independent Accounting Firm provides the Presdient and Treasurer with a draft of the Form 990 to review. Barring any corrections, or after it is corrected, the final draft of the Form 990 is presented for approval to the Board of Directors at a regularly scheduled meeding. Once the approval of the Board is obtained, the Form 990 is submitted prior to the deadline.”
Form 990, Part VI, Line 12C: Explanation of Monitoring and Enforcement of Conflicts
“All Board Members receive an orientation upon election to the board. This orientation includes a review of the Bylaws, Article VIII specifically addressing conflict of interest. It is understood that in order to make the MCEDC a strong and viable force, Corporate Board Members and Committee Members will consist of successful and prominent individuals in both the private and public sectors. As a result, it is understood that the appointee may now or in the future have an apparent conflict of interest with the stated purpose of the Corporation or the policies or recommendations thereof. Therefore, those Corporation Board members who feel that there may be a conflict in the Representation of a Client's interest on a particular issue being considered, while serving on the the Board or committee, shall inform all Corporation Board Members in writing of said Conflict and shall not take part in any vote on such matter which gives rise to said conflict.”
Form 990, Part VI, Line 15A: Compensation Review & Approval Process - CEO, Top Management
“The Officers of the Corporation meet to discuss salaries during the budget process. Organizational circumstances also may dictate adjustments, ie new responsibilities, change of responsibilities, etc. The officers have use of current industry standard wage, salary and benefit surveys for comparison and guidance.”
Form 990, Part VI, Line 15B: Compensation Review and Approval Process for Officers and Key Employees
“The Officers of the Corporation meet to discuss salaries during the budget process. Organizational circumstances also may dictate adjustments, ie new responsibilities, change of responsibilities, etc. The officers have use of current industry standard wage, salary and benefit surveys for comparison and guidance.”
Form 990, Part VI, Line 19: Other Organization Documents Publicly Available
“See Schedule O”
Filing and Contact Details
Filer
- Filer Name
- McHENRY COUNTY CONVENTION AND
- EIN
- 14-1934076
- Phone
- 8478936280
- Address
- 11879 EAST MAIN ST, HUNTLEY, IL 60142
Signing Officer
- Name
- JAMES McCONOUGHEY
- Title
- President
- Signed
- 2020-11-05
- Discuss with paid preparer
- Yes
Organization Details
- Formed
- 2005
- Legal Domicile
- Il
- Voting Board Members
- 17
- Independent Board Members
- 17
- Employees
- 4
Preparer
- Firm
- George Roach & Assoc Pc
- Address
- 44 N WALKUP AVE, CRYSTAL LAKE, IL 60014-4318
- Preparer
- George Roach CPA
- Phone
- 8154590700
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| IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt | 7 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt | 8 | 0 |
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| IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt | 10 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt | 11 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt | 12 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt | 13 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt | 14 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt | 15 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt | 16 | 0 |
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| IRS990/Form990PartVIISectionAGrp/TitleTxt | 1 | President |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 2 | Vice President |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 3 | Secretary |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 4 | Treasurer |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 5 | Director |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 6 | Director |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 7 | Director |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 8 | Director |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 9 | Director |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 10 | Director |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 11 | Director |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 12 | Director |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 13 | Director |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 14 | Director |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 15 | Director |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 16 | Director |
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| IRS990/FormationYr | 0 | 2005 |
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| IRS990/InsuranceGrp/ManagementAndGeneralAmt | 0 | 2371 |
| IRS990/InsuranceGrp/ProgramServicesAmt | 0 | 3794 |
| IRS990/InsuranceGrp/TotalAmt | 0 | 9484 |
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| IRS990/MinutesOfCommitteesInd | 0 | true |
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| IRS990/MissionDesc | 0 | To create economic growth for and to develop and promote McHenry County by effectively marketing the region as a preferred convention and visitors destination as well as enhancing the visitor's experience |
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| IRS990/OnBehalfOfIssuerInd | 0 | false |
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| IRS990/Organization501cInd | 0 | X |
| IRS990/OrganizationFollowsSFAS117Ind | 0 | X |
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| IRS990/OtherAssetsTotalGrp/EOYAmt | 0 | 0 |
| IRS990/OtherEmployeeBenefitsGrp/TotalAmt | 0 | 0 |
| IRS990/OtherExpensesGrp/Desc | 0 | Printing and Publications |
| IRS990/OtherExpensesGrp/Desc | 1 | TRAVEL |
| IRS990/OtherExpensesGrp/Desc | 2 | Dues & Memberships |
| IRS990/OtherExpensesGrp/Desc | 3 | BANK CHARGES |
| IRS990/OtherExpensesGrp/FundraisingAmt | 0 | 3460 |
| IRS990/OtherExpensesGrp/ManagementAndGeneralAmt | 0 | 1730 |
| IRS990/OtherExpensesGrp/ManagementAndGeneralAmt | 1 | 161 |
| IRS990/OtherExpensesGrp/ProgramServicesAmt | 0 | 12111 |
| IRS990/OtherExpensesGrp/ProgramServicesAmt | 1 | 5548 |
| IRS990/OtherExpensesGrp/ProgramServicesAmt | 2 | 2435 |
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| IRS990/OtherExpensesGrp/TotalAmt | 1 | 5548 |
| IRS990/OtherExpensesGrp/TotalAmt | 2 | 2435 |
| IRS990/OtherExpensesGrp/TotalAmt | 3 | 161 |
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| IRS990/OtherRevenueMiscGrp/Desc | 0 | INTEREST INCOME |
| IRS990/OtherRevenueMiscGrp/RelatedOrExemptFuncIncomeAmt | 0 | 1058 |
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| IRS990/OtherSalariesAndWagesGrp/TotalAmt | 0 | 135050 |
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| IRS990/PayrollTaxesGrp/TotalAmt | 0 | 10648 |
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| IRS990/PensionPlanContributionsGrp/TotalAmt | 0 | 3610 |
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| IRS990ScheduleD/EquipmentGrp/InvestmentCostOrOtherBasisAmt | 0 | 10660 |
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| IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc | 0 | DEFERRED REVENUE |
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| IRS990ScheduleD/TotalLiabilityAmt | 0 | 51000 |
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| IRS990/ScheduleORequiredInd | 0 | true |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 0 | The Independent Accounting Firm provides the Presdient and Treasurer with a draft of the Form 990 to review. Barring any corrections, or after it is corrected, the final draft of the Form 990 is presented for approval to the Board of Directors at a regularly scheduled meeding. Once the approval of the Board is obtained, the Form 990 is submitted prior to the deadline. |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 1 | All Board Members receive an orientation upon election to the board. This orientation includes a review of the Bylaws, Article VIII specifically addressing conflict of interest. It is understood that in order to make the MCEDC a strong and viable force, Corporate Board Members and Committee Members will consist of successful and prominent individuals in both the private and public sectors. As a result, it is understood that the appointee may now or in the future have an apparent conflict of interest with the stated purpose of the Corporation or the policies or recommendations thereof. Therefore, those Corporation Board members who feel that there may be a conflict in the Representation of a Client's interest on a particular issue being considered, while serving on the the Board or committee, shall inform all Corporation Board Members in writing of said Conflict and shall not take part in any vote on such matter which gives rise to said conflict. |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 2 | The Officers of the Corporation meet to discuss salaries during the budget process. Organizational circumstances also may dictate adjustments, ie new responsibilities, change of responsibilities, etc. The officers have use of current industry standard wage, salary and benefit surveys for comparison and guidance. |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 3 | The Officers of the Corporation meet to discuss salaries during the budget process. Organizational circumstances also may dictate adjustments, ie new responsibilities, change of responsibilities, etc. The officers have use of current industry standard wage, salary and benefit surveys for comparison and guidance. |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 4 | See Schedule O |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 0 | Form 990, Part VI, Line 11b: Form 990 Review Process |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 1 | Form 990, Part VI, Line 12c: Explanation of Monitoring and Enforcement of Conflicts |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 2 | Form 990, Part VI, Line 15a: Compensation Review & Approval Process - CEO, Top Management |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 3 | Form 990, Part VI, Line 15b: Compensation Review and Approval Process for Officers and Key Employees |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 4 | Form 990, Part VI, Line 19: Other Organization Documents Publicly Available |
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| IRS990/SignificantChangeInd | 0 | false |
| IRS990/SignificantNewProgramSrvcInd | 0 | false |
| IRS990/SubjectToExcsTaxNetInvstIncInd | 0 | false |
| IRS990/SubjectToProxyTaxInd | 0 | false |
| IRS990/SubjToTaxRmnrtnExPrchtPymtInd | 0 | false |
| IRS990/TaxableDistributionsInd | 0 | false |
| IRS990/TaxablePartyNotificationInd | 0 | false |
Document Assets
No mirrored PDF or thumbnail assets are attached yet.
Filings
Displayed year
2019 • Form 990Detailed filing. Detailed filing data is available for this year.
- Assets
- $259,088
- Liabilities
- $51,850
- Net assets
- $207,238
- Revenue
- $464,230
- Expenses
- $445,294
- Net income
- $18,936