Civic Intelligence

Defiance Development and Visitors Bureau Inc.

990 • Fiscal year 2022 • EIN 20-5588552

Jan 01, 2022 to Dec 31, 2022 • Filed on Jun 12, 2023

325 Clinton StreetDefiance, OH 43512

(419) 782-0739

Siviq Scores

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

Liabilities / Assets

45th percentile

0.01x

Higher debt load relative to assets than 45% of similar nonprofits.

2022 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2022

Liabilities / Revenue

45th percentile

0.01x

Higher debt load relative to revenue than 45% of similar nonprofits.

2022 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2022

Net Margin

62nd percentile

14%

Higher net margin than 62% of similar nonprofits.

2022 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2022

Top Officer Pay

71st percentile

$57,300

Higher top officer pay than 71% of similar nonprofits.

Top officer pay equals 15.1% of source-year revenue.

2022 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2022

Asset Growth

67th percentile

12%

Faster asset growth than 67% of similar nonprofits.

2022 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2021 to 2022

Revenue Growth

36th percentile

-2.2%

Faster revenue growth than 36% of similar nonprofits.

2022 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2021 to 2022

Assets

Up

$512,319

Up $54,373 (+12%) from 2021

Net Assets

Up

$507,391

Up $52,334 (+12%) from 2021

Liabilities

Up

$4,928

Up $2,039 (+71%) from 2021

Revenue

Down

$379,896

Down $8,509 (-2.2%) from 2021

Expenses

Up

$327,562

Up $54,597 (+20%) from 2021

Net Income

Down

$52,334

Down $63,106 (-55%) from 2021

Historical Trend

Balance Sheet Trend

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

$600K$400K$200K$0Assets 2010: $59,144Liabilities 2010: $2,700Net Assets 2010: $56,4442010Assets 2011: $255,698Liabilities 2011: $3,681Net Assets 2011: $252,0172011Assets 2012: $276,812Liabilities 2012: $2,545Net Assets 2012: $274,2672012Assets 2013: $283,268Liabilities 2013: $3,183Net Assets 2013: $280,0852013Assets 2014: $299,992Liabilities 2014: $2,959Net Assets 2014: $297,0332014Assets 2015: $332,870Liabilities 2015: $2,832Net Assets 2015: $330,0382015Assets 2016: $344,874Liabilities 2016: $2,362Net Assets 2016: $342,5122016Assets 2017: $338,537Liabilities 2017: $2,347Net Assets 2017: $336,1902017Assets 2018: $341,088Liabilities 2018: $1,041Net Assets 2018: $340,0472018Assets 2019: $338,262Liabilities 2019: $2,554Net Assets 2019: $335,7082019Assets 2020: $359,055Liabilities 2020: $19,438Net Assets 2020: $339,6172020Assets 2021: $457,946Liabilities 2021: $2,889Net Assets 2021: $455,0572021Assets 2022: $512,319Liabilities 2022: $4,928Net Assets 2022: $507,3912022Assets 2023: $477,762Liabilities 2023: $2,682Net Assets 2023: $475,0802023

Highlighted filing

2022

Assets$512,319
Liabilities$4,928
Net Assets$507,391

Operations Trend

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

$600K$400K$200K$0-$200KRevenue 2010: $176,845Expenses 2010: $166,557Net Income 2010: $10,2882010Expenses 2011: $197,0982011Expenses 2012: $224,3062012Revenue 2013: $219,171Expenses 2013: $213,353Net Income 2013: $5,8182013Revenue 2014: $218,819Expenses 2014: $201,871Net Income 2014: $16,9482014Revenue 2015: $261,553Expenses 2015: $228,551Net Income 2015: $33,0022015Revenue 2016: $248,222Expenses 2016: $235,748Net Income 2016: $12,4742016Revenue 2017: $289,291Expenses 2017: $295,609Net Income 2017: -$6,3182017Revenue 2018: $301,232Expenses 2018: $297,375Net Income 2018: $3,8572018Revenue 2019: $317,774Expenses 2019: $322,113Net Income 2019: -$4,3392019Revenue 2020: $255,823Expenses 2020: $251,914Net Income 2020: $3,9092020Revenue 2021: $388,405Expenses 2021: $272,965Net Income 2021: $115,4402021Revenue 2022: $379,896Expenses 2022: $327,562Net Income 2022: $52,3342022Revenue 2023: $512,281Expenses 2023: $544,592Net Income 2023: -$32,3112023

Highlighted filing

2022

Revenue$379,896
Expenses$327,562
Net Income$52,334
Jump To
Filing Snapshot
Filing Period
Jan 1, 2022 to Dec 31, 2022
Signed
Jun 12, 2023
Return Version
2022v5.0
Gross Receipts
$411,356
Mission and Program Overview

Mission

The purposes for which this corporation is organized are to enhance the appearance of the defiance area through beautification, restoration, and historic preservation; to provide educational and other services to strengthen and expand the economic base of downtown defiance; and to promote business, events, and activities in the defiance area.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$289,826$279,123▼ $10,703
Cash and Non-Interest-Bearing Accounts$168,120$233,196▲ $65,076
Total Assets$457,946$512,319▲ $54,373
Liabilities
Other Liabilities$2,889$4,928▲ $2,039
Total Liabilities$2,889$4,928▲ $2,039
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$455,057$507,391▲ $52,334
Total Net Assets Fund Balance$455,057$507,391▲ $52,334
Total Liabilities and Net Assets / Fund Balance$457,946$512,319▲ $54,373

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$276,513$70,590$347,103
Equipment$2,610$10,289$12,899
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseTotal
Kirstie MackExecutive DiFT$57,300$57,300

Board Members and Trustees

NameTitle
Jen CladyPresident
Adam FritzBoard Member
Christine FrederickBoard Member
David KernBoard Member
Dorothea HammonBoard Member
Drake JimenezBoard Member
Ginger BeyerBoard Member
Josh BuschBoard Member
Mike MccannBoard Member
Rachelle KuhnBoard Member
Sarah TackettBoard Member
Karla BattPast Preside
Sylvia KoesterTreasurer
Jessica BabcockVice Preside
Revenue and Support

Revenue Composition

Contributions and Grants
$262,858
Program Service Revenue
$62,208
Investment Income
$0
Other Revenue
$54,830
All Other Contributions
$32,376
Change in Net Assets
$52,334
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$219,545
Salaries, Compensation, and Employee Benefits$108,017
Total Fundraising Expense$5,849
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Current Officers, Directors, Trustees, and Key Employees$42,975$11,460$2,865$57,300
All Other Expenses$37,623$5,899-$43,522
Other Salaries and Wages$31,500$8,400$2,100$42,000
Occupancy$26,975$13,123-$40,098
Advertising$30,576--$30,576
Office Expenses$15,230$1,536$497$17,263
Depreciation Depletion$9,508$1,057-$10,565
Other Expenses$8,966--$8,966
Payroll Taxes$5,800$1,547$387$7,734
Information Technology-$6,079-$6,079
Fees for Services Accounting-$5,031-$5,031
Conferences and Meetings$4,735--$4,735
Insurance-$2,362-$2,362
Other Employee Benefits-$983-$983
Total Functional Expenses$264,236$57,477$5,849$327,562
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Gross Income$68,995
Fundraising Direct Expenses$31,460
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Ribfest$68,995$68,995$31,460$37,535
Total Events$68,995$68,995$31,460$37,535
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Payroll Liabilities$4,928
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
Yes
Annual disclosure for covered persons
Yes
Audit committee
Yes
Business relationship with 35% controlled entity
No
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, Page 6, Part VI, Line 11B

The board reviews the form 990 prior to filing and approves the filing of the return.

Form 990, Page 6, Part VI, Line 12C

Annually each board memeber is required to sign the policy indicating they will disclose any interest in a transaction or decision where they or their relation, including business or employer, will receive benefit or gain. After such disclosure they are asked to leave the room for the discussion and are not permitted to vote on the question.

Form 990, Page 6, Part VI, Line 15A

The board reviews regional compensation data for comparability in the process of determining compensation for the executive director.

Form 990, Page 6, Part VI, Line 15B

The board reviews regional compensation data for comparability in the process of determining compensation for officers and key employees of the organization.

Form 990, Page 6, Part VI, Line 19

Documents are made available upon request.

Filing and Contact Details

Filer

Filer Name
Defiance Development and Visitors
EIN
20-5588552
Phone
4197820739
Address
325 CLINTON STREET, DEFIANCE, OH 43512

Signing Officer

Name
Kirstie Mack
Title
Executive Director
Phone
4197820739
Signed
2023-06-12
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Kirstie Mack
Formed
2006
Legal Domicile
Oh
Voting Board Members
14
Independent Board Members
14
Employees
2
Volunteers
500

Preparer

Firm
Shultz Huber & Associates Inc
Address
101 CLINTON ST SUITE 2000, DEFIANCE, OH 43512-2172
Preparer
Seth R Bourn Jr CPA
Phone
4197822000
Supplemental Narrative

Additional Explanations

FORM 990 - ORGANIZATION'S MISSION

The purposes for which this corporation is organized are to enhance the appearance of the defiance area through beautification, restoration, and historic preservation; to provide educational and other services to strengthen and expand the economic base of downtown defiance; and to promote business, events, and activities in the defiance area.

Form 990, Page 2, Part III, Line 4A

The organization's primary exempt purpose is to develop projects to enhance, educate, and promote business in the defiance area. This includes organizing, supporting and overseeing the following committees: the design committee, whose purpose is to create an attractive, coordinated and quality image of the community by capitalizing on its unique assets and heritage; the promotion committee, whose primary responsibility is to market a unified, quality image of the business district as the center of activities, goods and services to retailers, residents, shoppers, investors and tourists; and the economic restructuring committee, works to develop a market strategy for the community that will result in an improved retail mix, a stronger tax base, increased investor confidence and a strong, stable role for the downtown area.

Form 990, Page 2, Part III, Line 4D

Other programs that fall under the organization's exempt purpose include being the fiscal agent for the santa house and downtown christmas decorations. Each christmas season a small house is erected and decorated in the downtown area. A santa is hired and children from the area are invited down to visit santa with picture opportunities available. The organization is the fiscal agent for the defiance christmas decorations committee. Funds are collected through donations and the christmas committee meets and decides how to appropriately utilize these funds to decorate during christmas season.

Form 990, Part IX, Line 24E

Sponsorships 8,530 0 0 christmas decorations 7,428 0 0 gift shop 5,371 0 0 supplies 4,845 0 0 chocolate walk 4,004 0 0 memberships 0 3,499 0 farmers market 2,563 0 0 bicentennial 2,041 0 0 meals 0 1,864 0 santa's house 1,548 0 0 family fun friday exp 583 0 0 state audit expense 0 398 0 misc 360 0 0 cookie crumble 350 0 0 hotel expense for umpires 0 138 0 total 37,623 5,899 0

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IRS990/Form990PartVIISectionAGrp/TitleTxt2PAST PRESIDE
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IRS990/ProgSrvcAccomActy2Grp/Desc0THE ORGANIZATION FACILITATES THE COLLECTION OF DONATIONS FOR THE ANNUAL FIREWORKS DISPLAY FOR THE DEFIANCE AREA. THE ORGANIZATION ALSO PLANS AND COORDINATES THE FOURTH OF JULY EVENTS AND PAYS ALL EXPENSES OUT OF THE FIREWORKS FUND.
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IRS990/ProgSrvcAccomActy3Grp/Desc0THE ORGANIZATION SPONSORS THE ANNUAL LILAC FESTIVAL. THE FESTIVAL FEATURES THE MOST PROLIFIC ARTISTS OF NORTHWESTERN OHIO; ARTS, ANTIQUES & CRAFT FAIR, GARDEN MARKET AND FARMERS MARKET. THERE ARE MUSICIANS PERFORMING THOUGHOUT THE DAY WITH CHILDREN'S ACTIVITIES AVAILABLE, FOOD VENDORS AND MUCH MORE.
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IRS990/ProgSrvcAccomActyOtherGrp/Desc0OTHER PROGRAMS THAT FALL UNDER THE ORGANIZATION'S EXEMPT PURPOSE INCLUDE BEING THE FISCAL AGENT FOR THE SANTA HOUSE AND DOWNTOWN CHRISTMAS DECORATIONS. EACH CHRISTMAS SEASON A SMALL HOUSE IS ERECTED AND DECORATED IN THE DOWNTOWN AREA. A SANTA IS HIRED AND CHILDREN FROM THE AREA ARE INVITED DOWN TO VISIT SANTA WITH PICTURE OPPORTUNITIES AVAILABLE. THE ORGANIZATION IS THE FISCAL AGENT FOR THE DEFIANCE CHRISTMAS DECORATIONS COMMITTEE. FUNDS ARE COLLECTED THROUGH DONATIONS AND THE CHRISTMAS COMMITTEE MEETS AND DECIDES HOW TO APPROPRIATELY UTILIZE THESE FUNDS TO DECORATE DURING CHRISTMAS SEASON.
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Document Assets

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Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2023Summary only. Only limited summary data is available for this year.$4.78$0.03$4.75$5.12$5.45$0.32
2022Detailed filing. Detailed filing data is available for this year.$5.12$0.05$5.07$3.80$3.28$0.52
2021XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$4.58$0.03$4.55$3.88$2.73$1.15
2020XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$3.59$0.19$3.40$2.56$2.52$0.04
2019Facts available. Structured filing facts are available, but richer extracted sections are limited.$3.38$0.03$3.36$3.18$3.22$0.04
2018XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$3.41$0.01$3.40$3.01$2.97$0.04
2017Facts available. Structured filing facts are available, but richer extracted sections are limited.$3.39$0.02$3.36$2.89$2.96$0.06
2016XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$3.45$0.02$3.43$2.48$2.36$0.12
2015XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$3.33$0.03$3.30$2.62$2.29$0.33
2014Detailed filing. Detailed filing data is available for this year.$3.00$0.03$2.97$2.19$2.02$0.17
2013Detailed filing. Detailed filing data is available for this year.$2.83$0.03$2.80$2.19$2.13$0.06
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$2.77$0.03$2.74$2.24
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$2.56$0.04$2.52$1.97
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.59$0.03$0.56$1.77$1.67$0.10