Civic Intelligence

Bloomington Convention and Visitors Bureau Foundation

EIN 20-1757708 • 501(c)3 • Bloomington, MN

Pub. 78 Eligible990-N Coverage

Profile

To promote the City of Bloomington as a tourist or convention destination through educational activities.

2131 Lindau Lane 420Bloomington, MN 55425

n/a

Siviq Scores

Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.

Liabilities / Assets

99th percentile

19.72x

Higher debt load relative to assets than 99% of similar nonprofits.

501(c)3 • <$500k nonprofits • Source year 2021

Liabilities / Revenue

Score unavailable

No value available

Liabilities-to-revenue requires both liabilities and revenue on the latest valid filing.

Source year 2021

Net Margin

Score unavailable

No value available

Net margin requires both revenue and expenses on the latest valid filing.

Source year 2021

Top Officer Pay

84th percentile

$0

Higher top officer pay than 84% of similar nonprofits.

501(c)3 • <$500k nonprofits • Source year 2020

Asset Growth

83rd percentile

35%

Faster asset growth than 83% of similar nonprofits.

501(c)3 • <$500k nonprofits • Annualized from 2020 to 2021

Revenue Growth

Score unavailable

No value available

A valid growth rate could not be computed from the available filing history.

Annualized from 2020 to 2021

Balance Sheet
Liabilities / Assets99th percentile

Assets

Up

$345

Up $90 (+35%) from 2020

Liabilities

Up

$6,803

Up $1,200 (+21%) from 2020

Net Assets

Down

-$6,458

Down $1,110 (-21%) from 2020

Operations
Liabilities / RevenueScore unavailableNet MarginScore unavailable

Revenue

Flat

$0

Flat from 2020

Expenses

Down

$1,110

Down $525 (-32%) from 2020

Net Income

Up

-$1,110

Up $525 (+32%) from 2020

Trend Graphs

Balance Sheet Trend

Asset Growth83rd percentile

Grouped bars show assets, liabilities, and net assets across loaded filings.

$40K$20K$0-$20KAssets 2011: $5,212Liabilities 2011: $25,199Net Assets 2011: -$19,9872011Assets 2012: $418Liabilities 2012: $4,898Net Assets 2012: -$4,4802012Assets 2013: $2,915Liabilities 2013: $3,635Net Assets 2013: -$7202013Assets 2014: $2,078Liabilities 2014: $0Net Assets 2014: $2,0782014Assets 2015: $7,188Liabilities 2015: $769Net Assets 2015: $6,4192015Assets 2016: $4,419Liabilities 2016: $0Net Assets 2016: $4,4192016Assets 2017: $6,694Liabilities 2017: $13,934Net Assets 2017: -$7,2402017Assets 2018: $5,690Liabilities 2018: $12,473Net Assets 2018: -$6,7832018Assets 2019: $690Liabilities 2019: $4,403Net Assets 2019: -$3,7132019Assets 2020: $255Liabilities 2020: $5,603Net Assets 2020: -$5,3482020Assets 2021: $345Liabilities 2021: $6,803Net Assets 2021: -$6,4582021

Highlighted filing

2021

Assets$345
Liabilities$6,803
Net Assets-$6,458
Open 2021 Filing

Operations Trend

Revenue GrowthScore unavailable

Revenue, expenses, and net income by year, with the latest filing highlighted.

$20K$10K$0-$10K-$20KRevenue 2011: $9,148Expenses 2011: $875Net Income 2011: $8,2732011Revenue 2012: $16,407Expenses 2012: $900Net Income 2012: $15,5072012Revenue 2013: $6,823Expenses 2013: $3,063Net Income 2013: $3,7602013Revenue 2014: $6,251Expenses 2014: $3,453Net Income 2014: $2,7982014Revenue 2015: $7,281Expenses 2015: $2,940Net Income 2015: $4,3412015Revenue 2016: -$746Expenses 2016: $1,254Net Income 2016: -$2,0002016Revenue 2017: -$8,306Expenses 2017: $3,353Net Income 2017: -$11,6592017Revenue 2018: $3,834Expenses 2018: $3,377Net Income 2018: $4572018Revenue 2019: $4,528Expenses 2019: $1,458Net Income 2019: $3,0702019Revenue 2020: $0Expenses 2020: $1,635Net Income 2020: -$1,6352020Revenue 2021: $0Expenses 2021: $1,110Net Income 2021: -$1,1102021

Highlighted filing

2021

Revenue$0
Expenses$1,110
Net Income-$1,110
Open 2021 Filing

Filings

Most recent year

2021 • Form 990EZDetailed filing. Detailed filing data is available for this year.

Open filing
Assets
$345
Liabilities
$6,803
Net assets
-$6,458
Revenue
$0
Expenses
$1,110
Net income
-$1,110
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2021Detailed filing. Detailed filing data is available for this year.$0.35$6.80$6.46$0.00$1.11$1.11
2020Detailed filing. Detailed filing data is available for this year.$0.26$5.60$5.35$0.00$1.64$1.64
2019Detailed filing. Detailed filing data is available for this year.$0.69$4.40$3.71$4.53$1.46$3.07
2018Detailed filing. Detailed filing data is available for this year.$5.69$12.5$6.78$3.83$3.38$0.46
2017Detailed filing. Detailed filing data is available for this year.$6.69$13.9$7.24$8.31$3.35$11.7
2016Detailed filing. Detailed filing data is available for this year.$4.42$0.00$4.42$0.75$1.25$2.00
2015Detailed filing. Detailed filing data is available for this year.$7.19$0.77$6.42$7.28$2.94$4.34
2014Detailed filing. Detailed filing data is available for this year.$2.08$0.00$2.08$6.25$3.45$2.80
2013Detailed filing. Detailed filing data is available for this year.$2.92$3.64$0.72$6.82$3.06$3.76
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.42$4.90$4.48$16.4$0.90$15.5
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$5.21$25.2$20.0$9.15$0.88$8.27
Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jan 1, 2021 to Dec 31, 2021
Signed
Jul 29, 2022
Return Version
2021v4.2
Gross Receipts
$0
Mission and Program Overview

Mission

To promote the City of Bloomington as a tourist or convention destination through educational activities.

Program Services

DescriptionGrantsExpenses
Educational activities are conducted to promote the City of Bloomington as a tourist or convention destination.$0$1,110
Compensation and Service Providers
Top Officer Pay84th percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
Mitch KilianChair-$0--
Dave MonaVice Chair-$0--
Jim SaccomanDirector-$0--
Alex FrancisDirector-$0--
Shane ChristensonDirector-$0--
Kathy TunheinDirector-$0--
Dan JasperDirector-$0--
Joyce EsterDirector-$0--
Tim BusseDirector-$0--
Jack BalogaDirector-$0--
Fay BeauchineDirector-$0--
Jamie VerbruggeDirector-$0--
Filing and Contact Details

Filer

Filer Name
Bloomington Convention & Visitors Bureau
EIN
20-1757708
Phone
9528588500
Address
2131 Lindau Lane 420, Bloomington, MN 55425

Signing Officer

Name
Bonnie Carlson
Title
President
Phone
9528588500
Signed
2022-07-29
Discuss with paid preparer
Yes

Preparer

Firm
Abdo LLP
Address
5201 EDEN AVENUE SUITE 250, EDINA, MN 55436
Preparer
Steven D Anseth CPA
Phone
9528359090
Supplemental Narrative

Additional Explanations

Form 990-EZ, Part II, Line 26 - Other Liabilities

“Description: Due to Bloomington CVB. Beg. of Year Amount: 5,603. End of Year Amount: 6,803.”

Raw XML Appendix205 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.

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IRS990EZ/ProgramSrvcAccomplishmentGrp/GrantsAndAllocationsAmt00
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0Description: Due to Bloomington CVB. Beg. of Year Amount: 5,603. End of Year Amount: 6,803.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Form 990-EZ, Part II, Line 26 - Other Liabilities
TransferPrsnlBnftContractsDecl/DeclarationDesc0The organization did not, during the year, receive any funds, directly,or indirectly, to pay premiums on a personal benefit contract.The organization, did not, during the year, pay any premiums, directly,or indirectly, on a personal benefit contract.
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ReturnHeader/PreparerPersonGrp/PreparerPersonNm0Steven D Anseth CPA
ReturnHeader/ReturnTs02022-10-11T09:20:06-05:00
ReturnHeader/ReturnTypeCd0990EZ
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonFirstNm0Bonnie
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ReturnHeader/TaxPeriodBeginDt02021-01-01
ReturnHeader/TaxPeriodEndDt02021-12-31
ReturnHeader/TaxYr02021

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