Liabilities / Assets
24th percentile
Higher debt load relative to assets than 24% of similar nonprofits.
Bloomington-Normal Area Convention &
EIN 33-1037577 • 501(c)6 • Bloomington, IL
Profile
The bloomington-normal area convention and visitors bureau works to enhance the region's economic vitality, sustainability and quality of life by marketing the county as a compelling destination.
Siviq Scores
Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.
0.02x
Liabilities / Revenue
29th percentile
Higher debt load relative to revenue than 29% of similar nonprofits.
Net Margin
27th percentile
Higher net margin than 27% of similar nonprofits.
Top Officer Pay
Score unavailable
No filing with officer rows is available for this organization yet.
Asset Growth
29th percentile
Faster asset growth than 29% of similar nonprofits.
Revenue Growth
85th percentile
Faster revenue growth than 85% of similar nonprofits.
Balance Sheet
Assets
Down$2,341,845
Down $305,543 (-12%) from 2023
Liabilities
Down$165,999
Down $218,667 (-57%) from 2023
Net Assets
Down$2,175,846
Down $86,876 (-3.8%) from 2023
Revenue
Up$1,455,862
Up $6,585 (+0.5%) from 2023
Expenses
Up$1,542,738
Up $104,906 (+7.3%) from 2023
Net Income
Down-$86,876
Down $98,321 (-859%) from 2023
Trend Graphs
Filings
Most recent year
2024 • Form 990Detailed filing. Detailed filing data is available for this year.
- Assets
- $2,341,845
- Liabilities
- $165,999
- Net assets
- $2,175,846
- Revenue
- $1,455,862
- Expenses
- $1,542,738
- Net income
- -$86,876
Latest Filing Detail
Jump To
Filing Snapshot
- Filing Period
- Jul 1, 2023 to Jun 30, 2024
- Signed
- Jan 16, 2025
- Return Version
- 2023v6.0
- Gross Receipts
- $1,455,862
Mission and Program Overview
Mission
To enhance the economy of mclean county through promotion, attraction and retention of events, conventions, and tourism, by fostering the friendly cooperation of all interests and of all local groups and segments of our population.
The organization works to enhance the region's economic vitality.
Balance Sheet Detail
| Line | Beginning | End | Change |
|---|---|---|---|
| Assets | |||
| Savings and Temporary Cash Investments | $1,310,270 | $1,486,739 | ▲ $176,469 |
| Pledges and Grants Receivable | $263,319 | $293,582 | ▲ $30,263 |
| Land, Buildings, and Equipment, Net | $238,448 | $218,413 | ▼ $20,035 |
| Accounts Receivable | $110,546 | $120,835 | ▲ $10,289 |
| Cash and Non-Interest-Bearing Accounts | $562,386 | $69,989 | ▼ $492,397 |
| Prepaid Expenses and Deferred Charges | - | $12,696 | - |
| Inventories for Sale or Use | $2,893 | - | - |
| Total Assets | $2,647,388 | $2,341,845 | ▼ $305,543 |
| Other Assets Total | $159,526 | $139,591 | ▼ $19,935 |
| Liabilities | |||
| Deferred Revenue | $163,875 | - | - |
| Other Liabilities | $159,526 | $139,591 | ▼ $19,935 |
| Accounts Payable and Accrued Expenses | $61,265 | $26,408 | ▼ $34,857 |
| Total Liabilities | $384,666 | $165,999 | ▼ $218,667 |
| Net Assets / Fund Balance | |||
| Net Assets Without Donor Restrictions | $2,259,229 | $2,175,846 | ▼ $83,383 |
| Net Assets With Donor Restrictions | $3,493 | $0 | ▼ $3,493 |
| Total Net Assets Fund Balance | $2,262,722 | $2,175,846 | ▼ $86,876 |
| Total Liabilities and Net Assets / Fund Balance | $2,647,388 | $2,341,845 | ▼ $305,543 |
Asset Categories
| Asset | Book Value | Depreciation | Basis |
|---|---|---|---|
| Leasehold Improvements | $217,957 | $45,229 | $263,186 |
| Equipment | $456 | $73,175 | $73,631 |
| Other Assets Org | $139,591 | - | - |
Compensation and Service Providers
Employees
| Name | Title | Full / Part Time | Base | Other | Total |
|---|---|---|---|---|---|
| Crystal Howard | Former President & CEO | FT | $116,429 | $17,222 | $133,651 |
Board Members and Trustees
| Name | Title |
|---|---|
| Beth Whisman | Chairperson |
| Anthony Nelson | Board Member |
| Justin Boyd | Board Member |
| Melissa Libert | Board Member |
| Migidi Tembo | Board Member |
| Tari Renner | Board Member |
| Marty Hickman | Interim Executive Director |
| Scott Black | Associate Member |
| Andy Byars | Councilmember |
| Tom Crumpler | Councilmember |
| Cheryl Magnuson | Secretary |
Revenue and Support
Revenue Composition
- Contributions and Grants
- $1,342,178
- Program Service Revenue
- $103,161
- Investment Income
- $5,286
- Other Revenue
- $5,237
- Change in Net Assets
- $-86,876
Audited Revenue Reconciliation
- Revenue per Audited Statements
- $1,455,862
- Revenue Not Reported on Financial Statements
- $0
- Revenue Not Reported on Form 990
- $0
- Total Revenue per Audited Statements
- $1,455,862
- Total Revenue per Form 990
- $1,455,862
Expenses and Functional Allocation
Major Expense Lines
| Line Item | Amount |
|---|---|
| Other Expenses | $1,104,848 |
| Salaries, Compensation, and Employee Benefits | $437,890 |
| Grants and Similar Amounts Paid | $0 |
| Professional Fundraising Fees | $0 |
| Total Fundraising Expense | $0 |
Functional Expense Allocation
| Line Item | Program | Management | Fundraising | Total |
|---|---|---|---|---|
| All Other Expenses | $294,495 | $5,340 | - | $299,835 |
| Other Salaries and Wages | $197,971 | $40,548 | - | $238,519 |
| Current Officers, Directors, Trustees, and Key Employees | $110,930 | $22,721 | - | $133,651 |
| Conferences and Meetings | $75,972 | - | - | $75,972 |
| Other Expenses | $75,893 | - | - | $75,893 |
| Fees for Services Accounting | - | $52,711 | - | $52,711 |
| Occupancy | $23,380 | $10,020 | - | $33,400 |
| Other Employee Benefits | $26,932 | $5,516 | - | $32,448 |
| Payroll Taxes | $24,336 | $4,985 | - | $29,321 |
| Depreciation Depletion | $14,025 | $6,010 | - | $20,035 |
| Office Expenses | $4,626 | $1,542 | - | $6,168 |
| Insurance | - | $4,822 | - | $4,822 |
| Pension Plan Contributions | $3,279 | $672 | - | $3,951 |
| Total Functional Expenses | $1,387,851 | $154,887 | $0 | $1,542,738 |
Audited Expense Reconciliation
| Line Item | Amount |
|---|---|
| Expenses per Audited Statements | $1,542,738 |
| Total Expenses per Audited Statements | $1,542,738 |
| Total Expenses per Form 990 | $1,542,738 |
| Expenses Not Reported on Financial Statements | $0 |
| Expenses Not Reported on Form 990 | $0 |
Fundraising, Events, and Gaming
- Fundraising activities
- No
- Gaming activities
- No
- Professional fundraiser used
- No
Fundraising and Gaming Totals
| Line Item | Amount |
|---|---|
| Professional Fundraising Fees | $0 |
Political and Lobbying Activity
- Political campaign activity
- No
- Subject to proxy tax
- No
Debt and Bond Financing
Other Reported Liabilities
| Liability | Amount |
|---|---|
| Lease Liabilities | $139,591 |
Governance and Compliance
Governance Checklist
- Compiled or reviewed by an accountant
- No
- Annual disclosure for covered persons
- No
- 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
- 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, Part VI, Section B, Line 11B
“The form 990 and audit reports are presented to the board. The board members review and approve the reports and form 990 and the chairman of the board signs the form 990.”
Form 990, Part VI, Section B, Line 12C
“The conflict of interest policy is distributed to the board members when they first join the board and staff members annually, who then sign an acknowledgement stating they are in compliance with the policy. Once disclosed, safeguards are established to protect all parties involved.”
Form 990, Part VI, Section B, Line 15A
“The board members review and approve the president's salary and bonus annually during an executive session of the regular board meeting. The board examines comparable salary data for other convention and visitors bureaus during their review.”
Form 990, Part VI, Section C, Line 19
“The auditing firm provides a copy of the form 990 when the completed audit reports are presented to the board. The board members review and approve the reports and form 990 and the chairman of the board signs the form 990. See the financial statements for significant accounting policies. Organization governing documents and policies are available upon request.”
Filing and Contact Details
Filer
- Filer Name
- Bloomington-normal Area Convention &
- EIN
- 33-1037577
- Phone
- 3096650033
- Address
- 101 S MADISON STREET, BLOOMINGTON, IL 61701
- Doing Business As
- Visitbn
Signing Officer
- Name
- Scott Black
- Title
- Associate Member
- Phone
- 3096650033
- Signed
- 2025-01-16
- Discuss with paid preparer
- Yes
Organization Details
- Principal Officer
- Scott Black
- Formed
- 2003
- Legal Domicile
- Il
- Voting Board Members
- 10
- Independent Board Members
- 10
- Employees
- 9
- Volunteers
- 0
Preparer
- Firm
- Striegel Knobloch & Company LLC
- Address
- 115 W JEFFERSON ST SUITE 200, BLOOMINGTON, IL 61701
- Preparer
- Benjamin J Smith Partner
- Phone
- 3098294303
Supplemental Narrative
Additional Explanations
Form 990, Part IX, Line 24E
“Sports - marketing: program service expenses 71,788. Management and general expenses 0. Fundraising expenses 0. Total expenses 71,788. Publications: program service expenses 68,117. Management and general expenses 0. Fundraising expenses 0. Total expenses 68,117. Retention and attraction: program service expenses 60,070. Management and general expenses 0. Fundraising expenses 0. Total expenses 60,070. Youth classic: program service expenses 59,795. Management and general expenses 0. Fundraising expenses 0. Total expenses 59,795. Group tour - marketing: program service expenses 21,024. Management and general expenses 0. Fundraising expenses 0. Total expenses 21,024. Dues and subscriptions: program service expenses 5,438. Management and general expenses 0. Fundraising expenses 0. Total expenses 5,438. Postage and shipping: program service expenses 4,138. Management and general expenses 730. Fundraising expenses 0. Total expenses 4,868. Miscellaneous: program service expenses 0. Management and general expenses 4,610. Fundraising expenses 0. Total expenses 4,610. Contract labor: program service expenses 4,125. Management and general expenses 0. Fundraising expenses 0. Total expenses 4,125.”
Financial Statement Notes
PART X, LINE 2:
“Accounting principles generally accepted in the united states of america require the bureau's management to evaluate tax positions taken by the bureau and recognize a tax liability if the bureau has taken an uncertain position that more than likely would not be sustained upon examination by applicable taxing authorities. Management has analyzed the tax positions taken by the bureau and has concluded that as of june 30, 2024, there are no uncertain positions taken or expected to be taken that would require recognition of a liability or disclosure in the financial statements. The bureau is subject to routine audits by taxing jurisdictions; however, there are currently no audits for any tax periods in progress. Tax years prior to 2021 are closed.”
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| IRS990/Desc | 0 | THE BUREAU PROMOTES SPORTING EVENTS, CONVENTIONS, AND TOURISM ATTRACTIONS TRHOUGH SPONSORSHIPS, ADVERTISING, AND SPECIAL EVENTS TO BRING VISITORS TO THE BLOOMINGTON-NORMAL AREA AND THE SURROUNDING COMMUNITIES. FOR INSTANCE, THE BUREAU PRINTS AND DISTRIBUTES VISITOR'S GUIDES IN ILLINOIS, AS WELL AS HOLDING AN ANNUAL YOUTH GOLF TOURNAMENT AND SPONSORING A YOUTH WRESTLING TOURNAMENT, AS WELL AS SEVERAL CONVENTIONS THAT BRING VISITORS TO THE AREA HOTELS AND BUSINESSES. |
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| IRS990/InfoInScheduleOPartIXInd | 0 | X |
| IRS990/InfoInScheduleOPartVIInd | 0 | X |
| IRS990/InsuranceGrp/ManagementAndGeneralAmt | 0 | 4822 |
| IRS990/InsuranceGrp/TotalAmt | 0 | 4822 |
| IRS990/InventoriesForSaleOrUseGrp/BOYAmt | 0 | 2893 |
| IRS990/InvestmentIncomeGrp/ExclusionAmt | 0 | 5286 |
| IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt | 0 | 5286 |
| IRS990/InvestmentInJointVentureInd | 0 | 0 |
| IRS990/IRPDocumentCnt | 0 | 15 |
| IRS990/IRPDocumentW2GCnt | 0 | 0 |
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| IRS990/LegalDomicileStateCd | 0 | IL |
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| IRS990/MaterialDiversionOrMisuseInd | 0 | 0 |
| IRS990/MembersOrStockholdersInd | 0 | 0 |
| IRS990/MethodOfAccountingAccrualInd | 0 | X |
| IRS990/MinutesOfCommitteesInd | 0 | 1 |
| IRS990/MinutesOfGoverningBodyInd | 0 | 1 |
| IRS990/MissionDesc | 0 | THE BLOOMINGTON-NORMAL AREA CONVENTION AND VISITORS BUREAU WORKS TO ENHANCE THE REGION'S ECONOMIC VITALITY, SUSTAINABILITY AND QUALITY OF LIFE BY MARKETING THE COUNTY AS A COMPELLING DESTINATION. |
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| IRS990/OtherExpensesGrp/Desc | 1 | REIMBURSEMENT EXPENSE |
| IRS990/OtherExpensesGrp/Desc | 2 | CONSUMER LEISURE - MARK |
| IRS990/OtherExpensesGrp/Desc | 3 | GENERAL PUBLIC RELATION |
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| IRS990/OtherExpensesGrp/ProgramServicesAmt | 1 | 183901 |
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| IRS990/ProgramServiceRevenueGrp/Desc | 0 | THE YOUTH CLASSIC |
| IRS990/ProgramServiceRevenueGrp/Desc | 1 | VISITOR'S GUIDE |
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| IRS990/RelatedOrganizationCtrlEntInd | 0 | 0 |
| IRS990/ReportInvestmentsOtherSecInd | 0 | 0 |
| IRS990/ReportLandBuildingEquipmentInd | 0 | 1 |
| IRS990/ReportOtherAssetsInd | 0 | 1 |
| IRS990/ReportOtherLiabilitiesInd | 0 | 1 |
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| IRS990/ScheduleBRequiredInd | 0 | 0 |
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| IRS990ScheduleD/OtherAssetsOrgGrp/Desc | 0 | RIGHT OF USE ASSETS |
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| IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc | 0 | LEASE LIABILITIES |
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| IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt | 0 | ACCOUNTING PRINCIPLES GENERALLY ACCEPTED IN THE UNITED STATES OF AMERICA REQUIRE THE BUREAU'S MANAGEMENT TO EVALUATE TAX POSITIONS TAKEN BY THE BUREAU AND RECOGNIZE A TAX LIABILITY IF THE BUREAU HAS TAKEN AN UNCERTAIN POSITION THAT MORE THAN LIKELY WOULD NOT BE SUSTAINED UPON EXAMINATION BY APPLICABLE TAXING AUTHORITIES. MANAGEMENT HAS ANALYZED THE TAX POSITIONS TAKEN BY THE BUREAU AND HAS CONCLUDED THAT AS OF JUNE 30, 2024, THERE ARE NO UNCERTAIN POSITIONS TAKEN OR EXPECTED TO BE TAKEN THAT WOULD REQUIRE RECOGNITION OF A LIABILITY OR DISCLOSURE IN THE FINANCIAL STATEMENTS. THE BUREAU IS SUBJECT TO ROUTINE AUDITS BY TAXING JURISDICTIONS; HOWEVER, THERE ARE CURRENTLY NO AUDITS FOR ANY TAX PERIODS IN PROGRESS. TAX YEARS PRIOR TO 2021 ARE CLOSED. |
| IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc | 0 | PART X, LINE 2: |
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| IRS990/ScheduleJRequiredInd | 0 | 0 |
| IRS990/ScheduleORequiredInd | 0 | 1 |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 0 | THE FORM 990 AND AUDIT REPORTS ARE PRESENTED TO THE BOARD. THE BOARD MEMBERS REVIEW AND APPROVE THE REPORTS AND FORM 990 AND THE CHAIRMAN OF THE BOARD SIGNS THE FORM 990. |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 1 | THE CONFLICT OF INTEREST POLICY IS DISTRIBUTED TO THE BOARD MEMBERS WHEN THEY FIRST JOIN THE BOARD AND STAFF MEMBERS ANNUALLY, WHO THEN SIGN AN ACKNOWLEDGEMENT STATING THEY ARE IN COMPLIANCE WITH THE POLICY. ONCE DISCLOSED, SAFEGUARDS ARE ESTABLISHED TO PROTECT ALL PARTIES INVOLVED. |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 2 | THE BOARD MEMBERS REVIEW AND APPROVE THE PRESIDENT'S SALARY AND BONUS ANNUALLY DURING AN EXECUTIVE SESSION OF THE REGULAR BOARD MEETING. THE BOARD EXAMINES COMPARABLE SALARY DATA FOR OTHER CONVENTION AND VISITORS BUREAUS DURING THEIR REVIEW. |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 3 | THE AUDITING FIRM PROVIDES A COPY OF THE FORM 990 WHEN THE COMPLETED AUDIT REPORTS ARE PRESENTED TO THE BOARD. THE BOARD MEMBERS REVIEW AND APPROVE THE REPORTS AND FORM 990 AND THE CHAIRMAN OF THE BOARD SIGNS THE FORM 990. SEE THE FINANCIAL STATEMENTS FOR SIGNIFICANT ACCOUNTING POLICIES. ORGANIZATION GOVERNING DOCUMENTS AND POLICIES ARE AVAILABLE UPON REQUEST. |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 4 | SPORTS - MARKETING: PROGRAM SERVICE EXPENSES 71,788. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 71,788. PUBLICATIONS: PROGRAM SERVICE EXPENSES 68,117. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 68,117. RETENTION AND ATTRACTION: PROGRAM SERVICE EXPENSES 60,070. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 60,070. YOUTH CLASSIC: PROGRAM SERVICE EXPENSES 59,795. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 59,795. GROUP TOUR - MARKETING: PROGRAM SERVICE EXPENSES 21,024. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 21,024. DUES AND SUBSCRIPTIONS: PROGRAM SERVICE EXPENSES 5,438. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 5,438. POSTAGE AND SHIPPING: PROGRAM SERVICE EXPENSES 4,138. MANAGEMENT AND GENERAL EXPENSES 730. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 4,868. MISCELLANEOUS: PROGRAM SERVICE EXPENSES 0. MANAGEMENT AND GENERAL EXPENSES 4,610. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 4,610. CONTRACT LABOR: PROGRAM SERVICE EXPENSES 4,125. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 4,125. |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 0 | FORM 990, PART VI, SECTION B, LINE 11B |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 1 | FORM 990, PART VI, SECTION B, LINE 12C |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 2 | FORM 990, PART VI, SECTION B, LINE 15A |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 3 | FORM 990, PART VI, SECTION C, LINE 19 |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 4 | FORM 990, PART IX, LINE 24E |
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| IRS990/SignificantChangeInd | 0 | 0 |
| IRS990/SignificantNewProgramSrvcInd | 0 | 0 |
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| IRS990/SubjectToProxyTaxInd | 0 | 0 |
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| IRS990/TotalAssetsGrp/EOYAmt | 0 | 2341845 |
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| IRS990/TotalLiabilitiesEOYAmt | 0 | 165999 |
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| IRS990/TotalLiabilitiesGrp/EOYAmt | 0 | 165999 |
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| IRS990/UponRequestInd | 0 | X |
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| IRS990/USAddress/CityNm | 0 | BLOOMINGTON |
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| IRS990/USAddress/ZIPCd | 0 | 61701 |
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| IRS990/VotingMembersIndependentCnt | 0 | 10 |
| IRS990/WebsiteAddressTxt | 0 | WWW.VISITBN.ORG |
| IRS990/WhistleblowerPolicyInd | 0 | 1 |
| ReturnHeader/BuildTS | 0 | 2025-03-06 01:10:19Z |
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| ReturnHeader/BusinessOfficerGrp/PersonNm | 0 | SCOTT BLACK |
| ReturnHeader/BusinessOfficerGrp/PersonTitleTxt | 0 | ASSOCIATE MEMBER |
| ReturnHeader/BusinessOfficerGrp/PhoneNum | 0 | 3096650033 |
| ReturnHeader/BusinessOfficerGrp/SignatureDt | 0 | 2025-01-16 |
| ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt | 0 | BLOOMINGTON-NORMAL AREA CONVENTION & |
| ReturnHeader/Filer/BusinessName/BusinessNameLine2Txt | 0 | VISITORS BUREAU |
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