Civic Intelligence

Bloomington Convention and Visitors Bureau Foundation

990EZ • Fiscal year 2013 • EIN 20-1757708

Jan 01, 2013 to Dec 31, 2013 • Filed on May 21, 2014

7900 International Dr No 99055425

(952) 858-8500

Siviq Scores

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

Liabilities / Assets

95th percentile

1.25x

Higher debt load relative to assets than 95% of similar nonprofits.

2013 filings • 501(c)3 • <$500k nonprofits • Source year 2013

Liabilities / Revenue

92nd percentile

0.53x

Higher debt load relative to revenue than 92% of similar nonprofits.

2013 filings • 501(c)3 • <$500k nonprofits • Source year 2013

Net Margin

93rd percentile

55%

Higher net margin than 93% of similar nonprofits.

2013 filings • 501(c)3 • <$500k nonprofits • Source year 2013

Top Officer Pay

73rd percentile

$0

Higher top officer pay than 73% of similar nonprofits.

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

2013 filings • 501(c)3 • <$500k nonprofits • Source year 2013

Asset Growth

98th percentile

597%

Faster asset growth than 98% of similar nonprofits.

2013 filings • 501(c)3 • <$500k nonprofits • Annualized from 2012 to 2013

Revenue Growth

6th percentile

-58%

Faster revenue growth than 6% of similar nonprofits.

2013 filings • 501(c)3 • <$500k nonprofits • Annualized from 2012 to 2013

Assets

Up

$2,915

Up $2,497 (+597%) from 2012

Net Assets

Up

-$720

Up $3,760 (+84%) from 2012

Liabilities

Down

$3,635

Down $1,263 (-26%) from 2012

Revenue

Down

$6,823

Down $9,584 (-58%) from 2012

Expenses

Up

$3,063

Up $2,163 (+240%) from 2012

Net Income

Down

$3,760

Down $11,747 (-76%) from 2012

Historical Trend

Balance Sheet Trend

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

$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

2013

Assets$2,915
Liabilities$3,635
Net Assets-$720

Operations Trend

Revenue, expenses, and net income across loaded years, with this 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

2013

Revenue$6,823
Expenses$3,063
Net Income$3,760
Jump To
Filing Snapshot
Filing Period
Jan 1, 2013 to Dec 31, 2013
Signed
May 21, 2014
Return Version
2013v3.0
Gross Receipts
$49,989
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$0
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
GENE WINSTEADDirector-$0--
JIM SACCOMANVice Chair-$0--
CATHLEEN OLSONChair-$0--
PADY REGNIERSecretary/Treasurer-$0--
BONNIE CARLSONPresident & CEO-$0--
Fundraising, Events, and Gaming

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Event 1$49,989$29,622$12,752$16,870
Total Events$49,989$29,622$43,166$-13,544
Filing and Contact Details

Filer

EIN
20-1757708
Phone
9528588500

Signing Officer

Name
Bonnie Carlson
Title
President
Phone
9528588500
Signed
2014-05-21
Discuss with paid preparer
Yes

Preparer

Preparer
John N Abdo CPA
Phone
9528359090
Supplemental Narrative

Additional Explanations

Form 990-ez, Part I, Line 10 - Grants and Similar Amounts Paid

Activity classification: scholarships. Grantee name: normandale community college. Grantee address: 9700 france ave s bloomington, mn 55431. Property description: cash. Date of gift: 04/24/13. Amount given: 2,000.

Form 990-ez, Part I, Line 16 - Other Expenses

Description: interest expense. Amount: 148.

Form 990-ez, Part II, Line 24 - Other Assets

Description: accounts receivable. Beg. Of year amount: 260. End of year amount: 780. Description: prepayments. Beg. Of year amount: 0. End of year amount: 2,000.

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

Description: due to bloomington cvb. Beg. Of year amount: 4,898. End of year amount: 3,487. Description: accounts payable. Beg. Of year amount: 0. End of year amount: 148.

Raw XML Appendix199 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
IRS990EZ/ActivitiesNotPreviouslyRptInd00
IRS990EZ/BooksInCareOfDetail/BusinessName/BusinessNameLine10THE ORGANIZATION
IRS990EZ/BooksInCareOfDetail/PhoneNum09528588500
IRS990EZ/BooksInCareOfDetail/USAddress/AddressLine107900 INTERNATIONAL DR NO 990
IRS990EZ/BooksInCareOfDetail/USAddress/City0BLOOMINGTON
IRS990EZ/BooksInCareOfDetail/USAddress/State0MN
IRS990EZ/BooksInCareOfDetail/USAddress/ZIPCode055425
IRS990EZ/CashSavingsAndInvestmentsGrp/BOYAmt0158
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IRS990EZ/DirectIndirectPltclExpendAmt00
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IRS990EZ/MadeLoansToFromOfficersInd00
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IRS990EZ/NetAssetsOrFundBalancesEOYAmt0-720
IRS990EZ/NetAssetsOrFundBalancesGrp/BOYAmt0-4480
IRS990EZ/NetAssetsOrFundBalancesGrp/EOYAmt0-720
IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt00.20
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IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt30
IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt40
IRS990EZ/OfficerDirectorTrusteeEmplGrp/EmployeeBenefitProgramAmt00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/EmployeeBenefitProgramAmt10
IRS990EZ/OfficerDirectorTrusteeEmplGrp/EmployeeBenefitProgramAmt20
IRS990EZ/OfficerDirectorTrusteeEmplGrp/EmployeeBenefitProgramAmt30
IRS990EZ/OfficerDirectorTrusteeEmplGrp/EmployeeBenefitProgramAmt40
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IRS990EZ/OfficerDirectorTrusteeEmplGrp/ExpenseAccountOtherAllwncAmt10
IRS990EZ/OfficerDirectorTrusteeEmplGrp/ExpenseAccountOtherAllwncAmt20
IRS990EZ/OfficerDirectorTrusteeEmplGrp/ExpenseAccountOtherAllwncAmt30
IRS990EZ/OfficerDirectorTrusteeEmplGrp/ExpenseAccountOtherAllwncAmt40
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm0GENE WINSTEAD
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm1JIM SACCOMAN
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm2CATHLEEN OLSON
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm3PADY REGNIER
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm4BONNIE CARLSON
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt0DIRECTOR
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt1VICE CHAIR
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt2CHAIR
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt3SECRETARY/TREASURER
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt4PRESIDENT & CEO
IRS990EZ/OperateHospitalInd00
IRS990EZ/Organization501c3Ind0X
IRS990EZ/OrganizationDissolvedEtcInd00
IRS990EZ/OrganizationHadUBIInd00
IRS990EZ/OtherAssetsTotalDetail/BOYAmt0260
IRS990EZ/OtherAssetsTotalDetail/EOYAmt02780
IRS990EZ/OtherChangesInNetAssetsAmt00
IRS990EZ/OtherExpensesTotalAmt0148
IRS990EZ/PartVIHghstPdCntrctProfSrvcTxt0NONE
IRS990EZ/PartVIOfCompOfHghstPdEmplTxt0NONE
IRS990EZ/PoliticalCampaignActyInd00
IRS990EZ/PrimaryExemptPurposeTxt0TO PROMOTE THE CITY OF BLOOMINGTON AS A TOURIST OR CONVENTION DESTINATION THROUGH EDUCATIONAL ACTIVITIES.
IRS990EZ/ProgramSrvcAccomplishmentGrp/DescriptionProgramSrvcAccomTxt0EDUCATIONAL ACTIVITIES ARE CONDUCTED TO PROMOTE THE CITY OF BLOOMINGTON AS A TOURIST OR CONVENTION DESTINATION.
IRS990EZ/ProgramSrvcAccomplishmentGrp/GrantsAndAllocationsAmt00
IRS990EZ/ProgramSrvcAccomplishmentGrp/ProgramServiceExpensesAmt00
IRS990EZ/ProhibitedTaxShelterTransInd00
IRS990EZ/RelatedOrganizationCtrlEntInd00
IRS990EZ/SchoolOperatingInd00
IRS990EZ/SpecialEventsDirectExpensesAmt043166
IRS990EZ/SpecialEventsNetIncomeLossAmt0-13544
IRS990EZ/StatesWhereCopyOfReturnIsFldCd0MN
IRS990EZ/SubjectToProxyTaxInd00
IRS990EZ/SumOfTotalLiabilitiesGrp/BOYAmt04898
IRS990EZ/SumOfTotalLiabilitiesGrp/EOYAmt03635
IRS990EZ/TanningServicesProvidedInd00
IRS990EZ/TaxImposedOnOrganizationMgrAmt00
IRS990EZ/TaxImposedUnderIRC4911Amt00
IRS990EZ/TaxImposedUnderIRC4912Amt00
IRS990EZ/TaxImposedUnderIRC4955Amt00
IRS990EZ/TaxReimbursedByOrganizationAmt00
IRS990EZ/TotalExpensesAmt03063
IRS990EZ/TotalProgramServiceExpensesAmt00
IRS990EZ/TotalRevenueAmt06823
IRS990EZ/TrnsfrExmptNonChrtblRltdOrgInd00
IRS990EZ/TypeOfOrganizationCorpInd0X
IRS990EZ/WebsiteAddressTxt0N/A
IRS990ScheduleA/AmountsRcvdDsqlfyPersonGrp/TotalAmt00
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearAmt020637
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus1YearAmt027415
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus2YearsAmt021658
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus3YearsAmt09175
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus4YearsAmt027345
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/TotalAmt0106230
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearAmt029622
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus1YearAmt025535
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus2YearsAmt021445
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus3YearsAmt031310
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus4YearsAmt028270
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/TotalAmt0136182
IRS990ScheduleA/InvestmentIncomeCYPct00.00000
IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearMinus3YearsAmt050
IRS990ScheduleA/OtherIncome509Grp/TotalAmt050
IRS990ScheduleA/PubliclySupportedOrg509a2Ind0X
IRS990ScheduleA/PublicSupportCY509Pct00.99980
IRS990ScheduleA/PublicSupportPY509Pct00.99980
IRS990ScheduleA/PublicSupportTotal509Amt0242412
IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/TotalAmt00
IRS990ScheduleA/SubstantialContributorsAmtGrp/TotalAmt00
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY509Ind0X
IRS990ScheduleA/Total509Grp/CurrentTaxYearAmt050259
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus1YearAmt052950
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus2YearsAmt043103
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus3YearsAmt040485
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus4YearsAmt055615
IRS990ScheduleA/Total509Grp/TotalAmt0242412
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearAmt050259
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus1YearAmt052950
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus2YearsAmt043103
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus3YearsAmt040535
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus4YearsAmt055615
IRS990ScheduleA/TotalSupportCalendarYearGrp/TotalAmt0242462
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
IRS990ScheduleG/FundraisingEventInformationGrp/CharitableContributionsTotAmt020367
IRS990ScheduleG/FundraisingEventInformationGrp/CharitableContriEvent1Amt020367
IRS990ScheduleG/FundraisingEventInformationGrp/DirectExpenseSummaryEventsAmt043166
IRS990ScheduleG/FundraisingEventInformationGrp/EntertainmentEvent1Amt0600
IRS990ScheduleG/FundraisingEventInformationGrp/EntertainmentTotalEventsAmt0600
IRS990ScheduleG/FundraisingEventInformationGrp/FoodAndBeverageEvent1Amt0192
IRS990ScheduleG/FundraisingEventInformationGrp/FoodAndBeverageTotalEventsAmt0192
IRS990ScheduleG/FundraisingEventInformationGrp/GrossReceiptsEvent1Amt049989
IRS990ScheduleG/FundraisingEventInformationGrp/GrossReceiptsTotalAmt049989
IRS990ScheduleG/FundraisingEventInformationGrp/GrossRevenueEvent1Amt029622
IRS990ScheduleG/FundraisingEventInformationGrp/GrossRevenueTotalEventsAmt029622
IRS990ScheduleG/FundraisingEventInformationGrp/NameOfEvent1Amt0GOLF TOURNAMENT
IRS990ScheduleG/FundraisingEventInformationGrp/NetIncomeSummaryAmt0-13544
IRS990ScheduleG/FundraisingEventInformationGrp/OthDirectExpnssTotalEventsAmt012752
IRS990ScheduleG/FundraisingEventInformationGrp/OtherDirectExpensesEvent1Amt012752
IRS990ScheduleG/FundraisingEventInformationGrp/RentFacilityCostsEvent1Amt029622
IRS990ScheduleG/FundraisingEventInformationGrp/RentFcltyCostsTotalEventsAmt029622
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0ACTIVITY CLASSIFICATION: SCHOLARSHIPS. GRANTEE NAME: NORMANDALE COMMUNITY COLLEGE. GRANTEE ADDRESS: 9700 FRANCE AVE S BLOOMINGTON, MN 55431. PROPERTY DESCRIPTION: CASH. DATE OF GIFT: 04/24/13. AMOUNT GIVEN: 2,000.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1DESCRIPTION: INTEREST EXPENSE. AMOUNT: 148.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2DESCRIPTION: ACCOUNTS RECEIVABLE. BEG. OF YEAR AMOUNT: 260. END OF YEAR AMOUNT: 780. DESCRIPTION: PREPAYMENTS. BEG. OF YEAR AMOUNT: 0. END OF YEAR AMOUNT: 2,000.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3DESCRIPTION: DUE TO BLOOMINGTON CVB. BEG. OF YEAR AMOUNT: 4,898. END OF YEAR AMOUNT: 3,487. DESCRIPTION: ACCOUNTS PAYABLE. BEG. OF YEAR AMOUNT: 0. END OF YEAR AMOUNT: 148.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990-EZ, PART I, LINE 10 - GRANTS AND SIMILAR AMOUNTS PAID
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990-EZ, PART I, LINE 16 - OTHER EXPENSES
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990-EZ, PART II, LINE 24 - OTHER ASSETS
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 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.
ReturnHeader/BuildTS02015-11-30 17:44:51Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd01
ReturnHeader/BusinessOfficerGrp/PersonNm0BONNIE CARLSON
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0PRESIDENT
ReturnHeader/BusinessOfficerGrp/PhoneNum09528588500
ReturnHeader/BusinessOfficerGrp/SignatureDt02014-05-21
ReturnHeader/Filer/BusinessName/BusinessNameLine10BLOOMINGTON CONVENTION & VISITORS BUREAU
ReturnHeader/Filer/BusinessName/BusinessNameLine20FOUNDATION
ReturnHeader/Filer/BusinessNameControlTxt0BLOO
ReturnHeader/Filer/EIN0201757708
ReturnHeader/Filer/PhoneNum09528588500
ReturnHeader/Filer/USAddress/AddressLine107900 INTERNATIONAL DR NO 990
ReturnHeader/Filer/USAddress/City0BLOOMINGTON
ReturnHeader/Filer/USAddress/State0MN
ReturnHeader/Filer/USAddress/ZIPCode055425
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0411397419
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine10ABDO EICK & MEYERS
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine105201 EDEN AVENUE SUITE 250
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/City0EDINA
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/State0MN
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCode055436
ReturnHeader/PreparerPersonGrp/PhoneNum09528359090
ReturnHeader/PreparerPersonGrp/PreparationDt02014-05-21
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0JOHN N ABDO CPA
ReturnHeader/ReturnTs02014-05-23T13:11:44-05:00
ReturnHeader/ReturnTypeCd0990EZ
ReturnHeader/TaxPeriodBeginDt02013-01-01
ReturnHeader/TaxPeriodEndDt02013-12-31
ReturnHeader/TaxYr02013

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