Civic Intelligence

First Capitol Tourism Development

990 • Fiscal year 2019 • EIN 26-3753912

Jan 01, 2019 to Dec 31, 2019 • Filed on Oct 21, 2020

310 North Elm StCorydon, IN 47112

(812) 734-0581

Siviq Scores

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

Liabilities / Assets

22nd percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

2019 filings • 501(c)6 • $500k-$1M nonprofits • Source year 2019

Liabilities / Revenue

22nd percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

2019 filings • 501(c)6 • $500k-$1M nonprofits • Source year 2019

Net Margin

11th percentile

-12%

Higher net margin than 11% of similar nonprofits.

2019 filings • 501(c)6 • $500k-$1M nonprofits • Source year 2019

Top Officer Pay

68th percentile

$95,037

Higher top officer pay than 68% of similar nonprofits.

Top officer pay equals 10.7% of source-year revenue.

2019 filings • 501(c)6 • $500k-$1M nonprofits • Source year 2019

Asset Growth

4th percentile

-33%

Faster asset growth than 4% of similar nonprofits.

2019 filings • 501(c)6 • $500k-$1M nonprofits • Annualized from 2018 to 2019

Revenue Growth

16th percentile

-9.7%

Faster revenue growth than 16% of similar nonprofits.

2019 filings • 501(c)6 • $500k-$1M nonprofits • Annualized from 2018 to 2019

Assets

Down

$216,497

Down $131,158 (-38%) from 2016

Net Assets

Down

$216,497

Down $131,158 (-38%) from 2016

Liabilities

Flat

$0

Flat from 2016

Revenue

Down

$886,762

Down $70,461 (-7.4%) from 2016

Expenses

Up

$994,628

Up $87,464 (+9.6%) from 2016

Net Income

Down

-$107,866

Down $157,925 (-315%) from 2016

Historical Trend

Balance Sheet Trend

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

$800K$600K$400K$200K$0Assets 2012: $105,018Liabilities 2012: $2,224Net Assets 2012: $102,7942012Assets 2013: $102,720Liabilities 2013: $0Net Assets 2013: $102,7202013Assets 2014: $179,204Liabilities 2014: $0Net Assets 2014: $179,2042014Assets 2015: $297,596Liabilities 2015: $0Net Assets 2015: $297,5962015Assets 2016: $347,655Liabilities 2016: $0Net Assets 2016: $347,6552016Assets 2019: $216,497Liabilities 2019: $0Net Assets 2019: $216,4972019Assets 2020: $294,846Liabilities 2020: $0Net Assets 2020: $294,8462020Assets 2021: $588,815Liabilities 2021: $0Net Assets 2021: $588,8152021Assets 2022: $662,169Liabilities 2022: $0Net Assets 2022: $662,1692022Assets 2024: $500,375Liabilities 2024: $0Net Assets 2024: $500,3752024

Highlighted filing

2019

Assets$216,497
Liabilities$0
Net Assets$216,497

Operations Trend

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

$1.5M$1.0M$500K$0-$500KExpenses 2012: $837,2812012Revenue 2013: $853,255Expenses 2013: $853,329Net Income 2013: -$742013Revenue 2014: $859,544Expenses 2014: $783,060Net Income 2014: $76,4842014Revenue 2015: $892,753Expenses 2015: $774,361Net Income 2015: $118,3922015Revenue 2016: $957,223Expenses 2016: $907,164Net Income 2016: $50,0592016Revenue 2019: $886,762Expenses 2019: $994,628Net Income 2019: -$107,8662019Revenue 2020: $773,024Expenses 2020: $694,675Net Income 2020: $78,3492020Revenue 2021: $942,876Expenses 2021: $648,907Net Income 2021: $293,9692021Revenue 2022: $863,594Expenses 2022: $790,240Net Income 2022: $73,3542022Revenue 2024: $908,614Expenses 2024: $1,023,674Net Income 2024: -$115,0602024

Highlighted filing

2019

Revenue$886,762
Expenses$994,628
Net Income-$107,866
Jump To
Filing Snapshot
Filing Period
Jan 1, 2019 to Dec 31, 2019
Signed
Oct 21, 2020
Return Version
2019v5.0
Gross Receipts
$886,762
Mission and Program Overview

Mission

First capitol tourism development inc is a public-private partnership building a better economic future through effective tourism planning business and infrastructure development and visitor marketing and servicing.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$319,656$203,860▼ $115,796
Land, Buildings, and Equipment, Net$4,707$12,637▲ $7,930
Total Assets$324,363$216,497▼ $107,866
Liabilities
Total Liabilities$0$0→ $0
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$324,363$216,497▼ $107,866
Total Net Assets Fund Balance$324,363$216,497▼ $107,866
Total Liabilities and Net Assets / Fund Balance$324,363$216,497▼ $107,866

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$11,303$90,249$101,552
Leasehold Improvements$1,334$3,794$5,128
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Jeremy YackleExecutive DiFT$86,590$8,447$95,037

Board Members and Trustees

NameTitle
Michael WisemanPresident
Scott FluhrDirector
Sharon UhlDirector
Claudia YundtTreasurer
Larry BennettVice Preside
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$886,762
Investment Income
$0
Other Revenue
$0
Change in Net Assets
$-107,866

Audited Revenue Reconciliation

Revenue per Audited Statements
$886,762
Total Revenue per Audited Statements
$886,762
Total Revenue per Form 990
$886,762
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$648,071
Salaries, Compensation, and Employee Benefits$346,557
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Advertising$349,163$79,784-$428,947
Other Salaries and Wages$157,817$36,064-$193,881
Current Officers, Directors, Trustees, and Key Employees$70,484$16,106-$86,590
All Other Expenses$44,519$10,172-$54,691
Other Employee Benefits$30,260$6,915-$37,175
Occupancy$27,036$6,177-$33,213
Payroll Taxes$17,719$4,049-$21,768
Fees for Services Other$13,770$3,146-$16,916
Other Expenses$10,014$2,288-$12,302
Office Expenses$8,774$2,005-$10,779
Insurance$6,589$1,505-$8,094
Travel$5,957$1,361-$7,318
Pension Plan Contributions$5,814$1,329-$7,143
Depreciation Depletion$2,554$584-$3,138
Total Functional Expenses$809,626$185,002$0$994,628

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$994,628
Total Expenses per Audited Statements$994,628
Total Expenses per Form 990$994,628
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Subject to proxy tax
No
Insider Transactions and Loans

Interested-Person Transactions

Interested PartyRelationshipDescriptionShared RevenueAmount
Michael WisemanOfficerRentNo$26,359
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Business relationship with 35% controlled entity
No
Business relationship with family members
No
Business relationship with organization members
Yes
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
Yes
Other officer compensation reviewed
No
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

Board president reviews 990 prior to filing.

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

First capitol tourism development has a formal conflict of interest policy and monitors compliance with this policy.

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

The board is responsible for review of the executive director and determination of annual salary, bonus and benefits.

Form 990, Page 6, Part VI, Line 19

Governing documents are made available to the public upon request.

Filing and Contact Details

Filer

Filer Name
First Capitol Tourism Development
EIN
26-3753912
Address
310 NORTH ELM ST, CORYDON, IN 47112

Signing Officer

Name
Michael Wiseman
Title
President
Signed
2020-10-21
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Michael Wiseman
Formed
2008
Legal Domicile
In
Voting Board Members
5
Independent Board Members
5
Employees
15

Preparer

Firm
Deming Malone Livesay & Ostroff Psc
Address
301 E ELM STREET, NEW ALBANY, IN 47150
Preparer
Nicole York CPA
Phone
8129455236
Supplemental Narrative

Additional Explanations

FORM 990 - ORGANIZATION'S MISSION

First capitol tourism development inc is a public-private partnership building a better economic future through effective tourism planning business and infrastructure development and visitor marketing and servicing.

Financial Statement Notes

Schedule D, Page 3, Part X

First capitol tourism development corporation, inc. Is incorporated under the laws of the state of indiana and is exempt from federal and state income taxes under section 501(c)(6) of the internal revenue code. However, income generated from activities unrelated to first capitol tourism development corporation, inc.'s exempt purpose is subject to tax under irc section 511. The first capitol tourism development corporation, inc. Did not have any material unrelated business income for the year ended december 31, 2019. First capitol tourism development corporation, inc. Is no longer subject to federal or state income tax examinations by tax authorities for years before 2016.

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IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0FIRST CAPITOL TOURISM DEVELOPMENT CORPORATION, INC. IS INCORPORATED UNDER THE LAWS OF THE STATE OF INDIANA AND IS EXEMPT FROM FEDERAL AND STATE INCOME TAXES UNDER SECTION 501(C)(6) OF THE INTERNAL REVENUE CODE. HOWEVER, INCOME GENERATED FROM ACTIVITIES UNRELATED TO FIRST CAPITOL TOURISM DEVELOPMENT CORPORATION, INC.'S EXEMPT PURPOSE IS SUBJECT TO TAX UNDER IRC SECTION 511. THE FIRST CAPITOL TOURISM DEVELOPMENT CORPORATION, INC. DID NOT HAVE ANY MATERIAL UNRELATED BUSINESS INCOME FOR THE YEAR ENDED DECEMBER 31, 2019. FIRST CAPITOL TOURISM DEVELOPMENT CORPORATION, INC. IS NO LONGER SUBJECT TO FEDERAL OR STATE INCOME TAX EXAMINATIONS BY TAX AUTHORITIES FOR YEARS BEFORE 2016.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0SCHEDULE D, PAGE 3, PART X
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IRS990ScheduleL/SupplementalInformationDetail/ExplanationTxt0THE ORGANIZATION LEASES ITS OFFICE SPACE BY A BUILDING OWNED BY KINTNER HOUSE, INC. MICHAEL WISEMAN, A BOARD MEMBER, IS VICE PRESIDENT OF KINTNER HOUSE, INC. THE EXECUTIVE DIRECTOR OF THE ORGANIZATION SERVES AS ADMINISTRATOR FOR HARRISON COUNTY TOURISM COMMISSION. TRANSACTIONS CONDUCTED BY THE EXECUTIVE DIRECTOR INCLUDE FULFILLING FUNDING REQUESTS PRESENTED BY FIRST CAPITOL TOURISM DEVELOPMENT CORPORATION PER THE CONTRACT FOR SERVICES ENTERED INTO BETWEEN THE HARRISON COUNTY TOURISM COMMISSION AND FIRST CAPITOL TOURISM DEVELOPMENT CORPORATION.
IRS990ScheduleL/SupplementalInformationDetail/FormAndLineReferenceDesc0SCHEDULE L, PART V
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0FIRST CAPITOL TOURISM DEVELOPMENT INC IS A PUBLIC-PRIVATE PARTNERSHIP BUILDING A BETTER ECONOMIC FUTURE THROUGH EFFECTIVE TOURISM PLANNING BUSINESS AND INFRASTRUCTURE DEVELOPMENT AND VISITOR MARKETING AND SERVICING.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1BOARD PRESIDENT REVIEWS 990 PRIOR TO FILING.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2FIRST CAPITOL TOURISM DEVELOPMENT HAS A FORMAL CONFLICT OF INTEREST POLICY AND MONITORS COMPLIANCE WITH THIS POLICY.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3THE BOARD IS RESPONSIBLE FOR REVIEW OF THE EXECUTIVE DIRECTOR AND DETERMINATION OF ANNUAL SALARY, BONUS AND BENEFITS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4GOVERNING DOCUMENTS ARE MADE AVAILABLE TO THE PUBLIC UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990 - ORGANIZATION'S MISSION
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PAGE 6, PART VI, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PAGE 6, PART VI, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PAGE 6, PART VI, LINE 15A
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PAGE 6, PART VI, LINE 19
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IRS990ScheduleR/AssetSaleToOtherOrgInd0false
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IRS990ScheduleR/GiftGrntOrCapContriToOthOrgInd0false
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IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DirectControllingNACd0N/A
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine1Txt0HARRISON COUNTY TOURISM COMM
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/EIN0351776716
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ExemptCodeSectionTxt0501
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/LegalDomicileStateCd0IN
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PrimaryActivitiesTxt0TOURISM
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IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/CityNm0CORYDON
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/StateAbbreviationCd0IN
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/ZIPCd047112
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IRS990ScheduleR/LoansOrGuaranteesToOtherOrgInd0false
IRS990ScheduleR/PaidEmployeesSharingInd0false
IRS990ScheduleR/PerformOfServicesByOtherOrgInd0false
IRS990ScheduleR/PerformOfServicesForOthOrgInd0true
IRS990ScheduleR/ReceiptOfIntAnntsRntsRyltsInd0false
IRS990ScheduleR/ReimbursementPaidByOtherOrgInd0false
IRS990ScheduleR/ReimbursementPaidToOtherOrgInd0false
IRS990ScheduleR/RentalOfFacilitiesToOthOrgInd0false
IRS990ScheduleR/RentalOfFcltsFromOthOrgInd0false
IRS990ScheduleR/SharingOfFacilitiesInd0false
IRS990ScheduleR/TransactionsRelatedOrgGrp/InvolvedAmt0865000
IRS990ScheduleR/TransactionsRelatedOrgGrp/MethodOfAmountDeterminationTxt0CONTRIBUTION RECEIVED
IRS990ScheduleR/TransactionsRelatedOrgGrp/OtherOrganizationName/BusinessNameLine1Txt0HARRISON COUNTY TOURISM COMMISSION
IRS990ScheduleR/TransactionsRelatedOrgGrp/TransactionTypeTxt0L
IRS990ScheduleR/TransferFromOtherOrgInd0false
IRS990ScheduleR/TransferToOtherOrgInd0false
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IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/StatesWhereCopyOfReturnIsFldCd0IN
IRS990/SubjectToExcsTaxNetInvstIncInd0false
IRS990/SubjectToProxyTaxInd0false
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IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt0324363
IRS990/TotalAssetsEOYAmt0216497
IRS990/TotalAssetsGrp/BOYAmt0324363
IRS990/TotalAssetsGrp/EOYAmt0216497
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalEmployeeCnt015
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt0185002
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0809626
IRS990/TotalFunctionalExpensesGrp/TotalAmt0994628
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesEOYAmt00
IRS990/TotalLiabilitiesGrp/BOYAmt00
IRS990/TotalLiabilitiesGrp/EOYAmt00
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0324363
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0216497
IRS990/TotalOtherCompensationAmt08447
IRS990/TotalProgramServiceRevenueAmt0886762
IRS990/TotalReportableCompFromOrgAmt086590
IRS990/TotalRevenueGrp/ExclusionAmt011941
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt0874821
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0886762
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt0324363
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt0216497
IRS990/TravelGrp/ManagementAndGeneralAmt01361
IRS990/TravelGrp/ProgramServicesAmt05957
IRS990/TravelGrp/TotalAmt07318
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt0310 NORTH ELM ST
IRS990/USAddress/CityNm0CORYDON
IRS990/USAddress/StateAbbreviationCd0IN
IRS990/USAddress/ZIPCd047112
IRS990/VotingMembersGoverningBodyCnt05
IRS990/VotingMembersIndependentCnt05
IRS990/WhistleblowerPolicyInd0true
ReturnHeader/BuildTS02021-04-22 16:20:28Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0MICHAEL WISEMAN
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0PRESIDENT
ReturnHeader/BusinessOfficerGrp/SignatureDt02020-10-21
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0FIRST CAPITOL TOURISM DEVELOPMENT
ReturnHeader/Filer/BusinessNameControlTxt0FIRS
ReturnHeader/Filer/EIN0263753912
ReturnHeader/Filer/USAddress/AddressLine1Txt0310 NORTH ELM ST
ReturnHeader/Filer/USAddress/CityNm0CORYDON
ReturnHeader/Filer/USAddress/StateAbbreviationCd0IN
ReturnHeader/Filer/USAddress/ZIPCd047112
ReturnHeader/FilingSecurityInformation/AtSubmissionCreationDeviceId070DBAA4C9099F2C8A262A8B05414A8BE545E7465
ReturnHeader/FilingSecurityInformation/AtSubmissionFilingDeviceId0777A1134551B41F3C149F0BDD88713A07EC8E773
ReturnHeader/FilingSecurityInformation/FilingLicenseTypeCd0P
ReturnHeader/FilingSecurityInformation/IPAddress/IPv4AddressTxt0216.26.168.4
ReturnHeader/FilingSecurityInformation/IPDt02020-10-29
ReturnHeader/FilingSecurityInformation/IPTimezoneCd0CD
ReturnHeader/FilingSecurityInformation/IPTm009:23:51
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0611064249
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0DEMING MALONE LIVESAY & OSTROFF PSC
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt0301 E ELM STREET
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0NEW ALBANY
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0IN
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd047150
ReturnHeader/PreparerPersonGrp/PhoneNum08129455236
ReturnHeader/PreparerPersonGrp/PreparationDt02020-10-29
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0NICOLE YORK CPA
ReturnHeader/ReturnTs02020-10-29T09:23:51-05:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02019-01-01
ReturnHeader/TaxPeriodEndDt02019-12-31
ReturnHeader/TaxYr02019

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