Civic Intelligence

Bloomington Convention and Visitors Bureau Foundation

990EZ • Fiscal year 2020 • EIN 20-1757708

Jan 01, 2020 to Dec 31, 2020 • Filed on Sep 13, 2021

Organization Profilen/a
2131 Lindau Lane No 420Bloomington, MN 55425

(952) 858-8500

Siviq Scores

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

Liabilities / Assets

99th percentile

21.97x

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

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

Liabilities / Revenue

Score unavailable

No value available

Liabilities-to-revenue requires both liabilities and revenue on this filing.

Source year 2020

Net Margin

Score unavailable

No value available

Net margin requires both revenue and expenses on this filing.

Source year 2020

Top Officer Pay

84th percentile

$0

Higher top officer pay than 84% of similar nonprofits.

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

Asset Growth

6th percentile

-63%

Faster asset growth than 6% of similar nonprofits.

2020 filings • 501(c)3 • <$500k nonprofits • Annualized from 2019 to 2020

Revenue Growth

1st percentile

-100%

Faster revenue growth than 1% of similar nonprofits.

2020 filings • 501(c)3 • <$500k nonprofits • Annualized from 2019 to 2020

Balance Sheet
Liabilities / Assets99th percentile

Assets

Down

$255

Down $435 (-63%) from 2019

Net Assets

Down

-$5,348

Down $1,635 (-44%) from 2019

Liabilities

Up

$5,603

Up $1,200 (+27%) from 2019

Revenue And Expenses
Liabilities / RevenueScore unavailableNet MarginScore unavailable

Revenue

Down

$0

Down $4,528 (-100%) from 2019

Expenses

Up

$1,635

Up $177 (+12%) from 2019

Net Income

Down

-$1,635

Down $4,705 (-153%) from 2019

Historical Trend

Balance Sheet Trend

Asset Growth6th percentile

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

2020

Assets$255
Liabilities$5,603
Net Assets-$5,348
Open 2020 Filing

Operations Trend

Revenue Growth1st percentile

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

2020

Revenue$0
Expenses$1,635
Net Income-$1,635
Open 2020 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2020 to Dec 31, 2020
Signed
Sep 13, 2021
Return Version
2020v4.1
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$0
Compensation and Service Providers
Top Officer Pay84th percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
Edean KamDirector-$0--
Jim SaccomanDirector-$0--
Kathy TunheimDirector-$0--
Dan JasperDirector-$0--
Joyce EsterDirector-$0--
Tim BusseDirector-$0--
Jack BalogaDirector-$0--
Fay BeauchineDirector-$0--
Jamie VerbruggeDirector-$0--
Michelle TorgusonDirector-$0--
Mitch KilianChair-$0--
Dave MonaVice Chair-$0--
Filing and Contact Details

Filer

Filer Name
Bloomington Convention & Visitors Bureau
EIN
20-1757708
Phone
9528588500
Address
2131 Lindau Lane No 420, Bloomington, MN 55425

Signing Officer

Name
Bonnie Carlson
Title
President
Phone
9528588500
Signed
2021-09-13
Discuss with paid preparer
Yes

Preparer

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

Additional Explanations

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

“Description: Write-off of prior year contribution receivable. Amount: 525.”

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

“Description: Accounts Receivable. Beg. of Year Amount: 525. End of Year Amount: 0.”

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

“Description: Due to Bloomington CVB. Beg. of Year Amount: 4,403. End of Year Amount: 5,603.”

Raw XML Appendix220 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
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IRS990EZ/BooksInCareOfDetail/BusinessName/BusinessNameLine1Txt0The Organization
IRS990EZ/BooksInCareOfDetail/PhoneNum09528588500
IRS990EZ/BooksInCareOfDetail/USAddress/AddressLine1Txt02131 Lindau Lane No 420
IRS990EZ/BooksInCareOfDetail/USAddress/CityNm0Bloomington
IRS990EZ/BooksInCareOfDetail/USAddress/StateAbbreviationCd0MN
IRS990EZ/BooksInCareOfDetail/USAddress/ZIPCd055425
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IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt110
IRS990EZ/OfficerDirectorTrusteeEmplGrp/EmployeeBenefitProgramAmt00
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IRS990EZ/OfficerDirectorTrusteeEmplGrp/EmployeeBenefitProgramAmt90
IRS990EZ/OfficerDirectorTrusteeEmplGrp/EmployeeBenefitProgramAmt100
IRS990EZ/OfficerDirectorTrusteeEmplGrp/EmployeeBenefitProgramAmt110
IRS990EZ/OfficerDirectorTrusteeEmplGrp/ExpenseAccountOtherAllwncAmt00
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IRS990EZ/OfficerDirectorTrusteeEmplGrp/ExpenseAccountOtherAllwncAmt100
IRS990EZ/OfficerDirectorTrusteeEmplGrp/ExpenseAccountOtherAllwncAmt110
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm0Edean Kam
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm1Jim Saccoman
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm2Kathy Tunheim
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm3Dan Jasper
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm4Joyce Ester
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm5Tim Busse
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm6Jack Baloga
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm7Fay Beauchine
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm8Jamie Verbrugge
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm9Michelle Torguson
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm10Mitch Kilian
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm11Dave Mona
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt0Director
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt1Director
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt2Director
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt3Director
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt4Director
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt5Director
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt6Director
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt7Director
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt8Director
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt9Director
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt10Chair
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt11Vice Chair
IRS990EZ/OperateHospitalInd00
IRS990EZ/Organization501c3Ind0X
IRS990EZ/OrganizationDissolvedEtcInd00
IRS990EZ/OrganizationHadUBIInd00
IRS990EZ/OtherAssetsTotalDetail/BOYAmt0525
IRS990EZ/OtherAssetsTotalDetail/EOYAmt00
IRS990EZ/OtherChangesInNetAssetsAmt00
IRS990EZ/OtherExpensesTotalAmt0525
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/ScheduleBNotRequiredInd0X
IRS990EZ/SchoolOperatingInd00
IRS990EZ/StatesWhereCopyOfReturnIsFldCd0MN
IRS990EZ/SubjectToProxyTaxInd00
IRS990EZ/SumOfTotalLiabilitiesGrp/BOYAmt04403
IRS990EZ/SumOfTotalLiabilitiesGrp/EOYAmt05603
IRS990EZ/TanningServicesProvidedInd00
IRS990EZ/TaxImposedOnOrganizationMgrAmt00
IRS990EZ/TaxImposedUnderIRC4911Amt00
IRS990EZ/TaxImposedUnderIRC4912Amt00
IRS990EZ/TaxImposedUnderIRC4955Amt00
IRS990EZ/TaxReimbursedByOrganizationAmt00
IRS990EZ/TotalExpensesAmt01635
IRS990EZ/TotalProgramServiceExpensesAmt00
IRS990EZ/TotalRevenueAmt00
IRS990EZ/TrnsfrExmptNonChrtblRltdOrgInd00
IRS990EZ/TypeOfOrganizationCorpInd0X
IRS990EZ/WebsiteAddressTxt0n/a
IRS990ScheduleA/AmountsRcvdDsqlfyPersonGrp/TotalAmt00
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearAmt00
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus1YearAmt09295
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus2YearsAmt09620
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus3YearsAmt011325
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus4YearsAmt014874
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/TotalAmt045114
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearAmt00
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus1YearAmt035865
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus2YearsAmt036098
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus3YearsAmt031550
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus4YearsAmt033708
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/TotalAmt0137221
IRS990ScheduleA/InvestmentIncomeCYPct00.00000
IRS990ScheduleA/PubliclySupportedOrg509a2Ind0X
IRS990ScheduleA/PublicSupportCY509Pct00.96750
IRS990ScheduleA/PublicSupportPY509Pct00.97450
IRS990ScheduleA/PublicSupportTotal509Amt0176400
IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/CurrentTaxYearMinus1YearAmt01240
IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/CurrentTaxYearMinus2YearsAmt01435
IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/CurrentTaxYearMinus3YearsAmt01825
IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/CurrentTaxYearMinus4YearsAmt01435
IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/TotalAmt05935
IRS990ScheduleA/SubstantialContributorsAmtGrp/CurrentTaxYearMinus1YearAmt01240
IRS990ScheduleA/SubstantialContributorsAmtGrp/CurrentTaxYearMinus2YearsAmt01435
IRS990ScheduleA/SubstantialContributorsAmtGrp/CurrentTaxYearMinus3YearsAmt01825
IRS990ScheduleA/SubstantialContributorsAmtGrp/CurrentTaxYearMinus4YearsAmt01435
IRS990ScheduleA/SubstantialContributorsAmtGrp/TotalAmt05935
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY509Ind0X
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus1YearAmt045160
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus2YearsAmt045718
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus3YearsAmt042875
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus4YearsAmt048582
IRS990ScheduleA/Total509Grp/TotalAmt0182335
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IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus2YearsAmt045718
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus3YearsAmt042875
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus4YearsAmt048582
IRS990ScheduleA/TotalSupportCalendarYearGrp/TotalAmt0182335
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0Description: Write-off of prior year contribution receivable. Amount: 525.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1Description: Accounts Receivable. Beg. of Year Amount: 525. End of Year Amount: 0.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2Description: Due to Bloomington CVB. Beg. of Year Amount: 4,403. End of Year Amount: 5,603.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Form 990-EZ, Part I, Line 16 - Other Expenses
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Form 990-EZ, Part II, Line 24 - Other Assets
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Form 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/AdditionalFilerInformation/TrustedCustomerGrp/AuthenticationAssuranceLevelCd0AAL1
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/IdentityAssuranceLevelCd0IAL1
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/TrustedCustomerCd02
ReturnHeader/BuildTS02022-09-23 18:48:47Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd01
ReturnHeader/BusinessOfficerGrp/PersonNm0Bonnie Carlson
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0President
ReturnHeader/BusinessOfficerGrp/PhoneNum09528588500
ReturnHeader/BusinessOfficerGrp/SignatureDt02021-09-13
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0Bloomington Convention & Visitors Bureau
ReturnHeader/Filer/BusinessName/BusinessNameLine2Txt0Foundation
ReturnHeader/Filer/BusinessNameControlTxt0BLOO
ReturnHeader/Filer/EIN0201757708
ReturnHeader/Filer/PhoneNum09528588500
ReturnHeader/Filer/USAddress/AddressLine1Txt02131 Lindau Lane No 420
ReturnHeader/Filer/USAddress/CityNm0Bloomington
ReturnHeader/Filer/USAddress/StateAbbreviationCd0MN
ReturnHeader/Filer/USAddress/ZIPCd055425
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0411397419
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0ABDO EICK & MEYERS
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt05201 EDEN AVENUE SUITE 250
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0EDINA
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0MN
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd055436
ReturnHeader/PreparerPersonGrp/PhoneNum09528359090
ReturnHeader/PreparerPersonGrp/PreparationDt02021-09-13
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0Steven D Anseth CPA
ReturnHeader/ReturnTs02021-09-23T09:57:29-05:00
ReturnHeader/ReturnTypeCd0990EZ
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonFirstNm0Bonnie
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonLastNm0Carlson
ReturnHeader/TaxPeriodBeginDt02020-01-01
ReturnHeader/TaxPeriodEndDt02020-12-31
ReturnHeader/TaxYr02020

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2020 • Form 990EZDetailed filing. Detailed filing data is available for this year.

Open filing
Assets
$255
Liabilities
$5,603
Net assets
-$5,348
Revenue
$0
Expenses
$1,635
Net income
-$1,635
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