Civic Intelligence

Howard Cty Convent'N & Visitors Comm Inc

990 • Fiscal year 2017 • EIN 35-1995729

Jan 01, 2017 to Dec 31, 2017 • Filed on Nov 05, 2018

700 E Firmin St No 200Kokomo, IN 46902

(765) 457-6802

Siviq Scores

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

Liabilities / Assets

17th percentile

0.01x

Higher debt load relative to assets than 17% of similar nonprofits.

2017 filings • 501(c)6 • $1M-$5M nonprofits • Source year 2017

Liabilities / Revenue

21st percentile

0.02x

Higher debt load relative to revenue than 21% of similar nonprofits.

2017 filings • 501(c)6 • $1M-$5M nonprofits • Source year 2017

Net Margin

98th percentile

53%

Higher net margin than 98% of similar nonprofits.

2017 filings • 501(c)6 • $1M-$5M nonprofits • Source year 2017

Top Officer Pay

23rd percentile

$0

Higher top officer pay than 23% of similar nonprofits.

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

2017 filings • 501(c)6 • $1M-$5M nonprofits • Source year 2017

Asset Growth

88th percentile

27%

Faster asset growth than 88% of similar nonprofits.

2017 filings • 501(c)6 • $1M-$5M nonprofits • Annualized from 2016 to 2017

Revenue Growth

48th percentile

3.1%

Faster revenue growth than 48% of similar nonprofits.

2017 filings • 501(c)6 • $1M-$5M nonprofits • Annualized from 2016 to 2017

Assets

Up

$1,736,039

Up $369,451 (+27%) from 2016

Net Assets

Up

$1,719,605

Up $357,041 (+26%) from 2016

Liabilities

Up

$16,434

Up $12,410 (+308%) from 2016

Revenue

Up

$671,235

Up $20,014 (+3.1%) from 2016

Expenses

Down

$314,194

Down $101,171 (-24%) from 2016

Net Income

Up

$357,041

Up $121,185 (+51%) from 2016

Historical Trend

Balance Sheet Trend

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

$6.0M$4.0M$2.0M$0Assets 2010: $100,497Liabilities 2010: $2,146Net Assets 2010: $98,3512010Assets 2011: $225,496Liabilities 2011: $3,081Net Assets 2011: $222,4152011Assets 2012: $473,119Liabilities 2012: $13,774Net Assets 2012: $459,3452012Assets 2013: $581,906Liabilities 2013: $20,604Net Assets 2013: $561,3022013Assets 2014: $877,764Liabilities 2014: $58,573Net Assets 2014: $819,1912014Assets 2015: $1,135,239Liabilities 2015: $8,531Net Assets 2015: $1,126,7082015Assets 2016: $1,366,588Liabilities 2016: $4,024Net Assets 2016: $1,362,5642016Assets 2017: $1,736,039Liabilities 2017: $16,434Net Assets 2017: $1,719,6052017Assets 2018: $2,095,634Liabilities 2018: $9,147Net Assets 2018: $2,086,4872018Assets 2019: $2,617,511Liabilities 2019: $215,660Net Assets 2019: $2,401,8512019Assets 2020: $2,801,483Liabilities 2020: $4,445Net Assets 2020: $2,797,0382020Assets 2021: $3,524,355Liabilities 2021: $5,940Net Assets 2021: $3,518,4152021Assets 2022: $4,215,879Liabilities 2022: $10,790Net Assets 2022: $4,205,0892022Assets 2023: $4,648,182Liabilities 2023: $3,008Net Assets 2023: $4,645,1742023Assets 2024: $2,122,303Liabilities 2024: $381Net Assets 2024: $2,121,9222024

Highlighted filing

2017

Assets$1,736,039
Liabilities$16,434
Net Assets$1,719,605

Operations Trend

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

$6.0M$4.0M$2.0M$0-$2.0M-$4.0MExpenses 2010: $371,3912010Expenses 2011: $315,6702011Expenses 2012: $296,7282012Revenue 2013: $573,903Expenses 2013: $464,995Net Income 2013: $108,9082013Revenue 2014: $638,630Expenses 2014: $380,741Net Income 2014: $257,8892014Revenue 2015: $600,445Expenses 2015: $292,928Net Income 2015: $307,5172015Revenue 2016: $651,221Expenses 2016: $415,365Net Income 2016: $235,8562016Revenue 2017: $671,235Expenses 2017: $314,194Net Income 2017: $357,0412017Revenue 2018: $683,557Expenses 2018: $316,675Net Income 2018: $366,8822018Revenue 2019: $862,412Expenses 2019: $547,048Net Income 2019: $315,3642019Revenue 2020: $804,965Expenses 2020: $409,778Net Income 2020: $395,1872020Revenue 2021: $999,446Expenses 2021: $278,072Net Income 2021: $721,3742021Revenue 2022: $1,207,526Expenses 2022: $520,852Net Income 2022: $686,6742022Revenue 2023: $1,415,930Expenses 2023: $975,845Net Income 2023: $440,0852023Revenue 2024: $1,809,378Expenses 2024: $4,332,630Net Income 2024: -$2,523,2522024

Highlighted filing

2017

Revenue$671,235
Expenses$314,194
Net Income$357,041
Jump To
Filing Snapshot
Filing Period
Jan 1, 2017 to Dec 31, 2017
Signed
Nov 5, 2018
Return Version
2017v2.3
Gross Receipts
$671,235
Mission and Program Overview

Mission

Promote the development and growth of the convention and visitors industry in howard county.

To promote howard county to visitors

Balance Sheet Detail
LineBeginningEndChange
Assets
Savings and Temporary Cash Investments$901,333$1,338,581▲ $437,248
Cash and Non-Interest-Bearing Accounts$412,436$340,898▼ $71,538
Prepaid Expenses and Deferred Charges$9,611$9,272▼ $339
Land, Buildings, and Equipment, Net$0$0→ $0
Total Assets$1,366,588$1,736,039▲ $369,451
Other Assets Total$43,208$47,288▲ $4,080
Liabilities
Accounts Payable and Accrued Expenses$4,024$16,434▲ $12,410
Total Liabilities$4,024$16,434▲ $12,410
Net Assets / Fund Balance
Unrestricted Net Assets$1,362,564$1,719,605▲ $357,041
Total Net Assets Fund Balance$1,362,564$1,719,605▲ $357,041
Total Liabilities and Net Assets / Fund Balance$1,366,588$1,736,039▲ $369,451

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$0$68,519-
Compensation and Service Providers

Board Members and Trustees

NameTitle
Kirk DanielsPresident
Amber JordanVice President
Damon JohnsonDirector
Jennifer OgleDirector
Marie LindskoogDirector
Monica ContrerasDirector
Tammy KearnesDirector
Jim CalabroSecretary
Bambi RoeTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$668,987
Investment Income
$2,248
Other Revenue
$0
Change in Net Assets
$357,041

Audited Revenue Reconciliation

Revenue per Audited Statements
$671,235
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$2,106,613
Total Revenue per Audited Statements
$2,777,848
Total Revenue per Form 990
$671,235
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$188,197
Salaries, Compensation, and Employee Benefits$67,747
Grants and Similar Amounts Paid$58,250
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Advertising---$87,135
Fees for Services Other---$68,546
Grants to Domestic Orgs---$58,250
Comp Disqual Persons---$52,163
Other Employee Benefits---$7,743
Insurance---$6,320
Office Expenses---$5,319
Payroll Taxes---$4,711
Pension Plan Contributions---$3,130
Fees for Services Legal---$1,968
Fees for Services Accounting---$1,005
Travel---$947
Other Expenses---$214
All Other Expenses---$143
Information Technology---$43
Total Functional Expenses$0$0$0$314,194

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$1,619,223
Expenses Not Reported on Form 990$1,347,029
Total Expenses per Form 990$314,194
Expenses per Audited Statements$272,194
Expenses Not Reported on Financial Statements$42,000
Other Expense Adjustments$42,000
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
City of KokomoKokomo, INCity of KokomoPurchase Land for Proposed Convention Center$58,250
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
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
No
Audit committee
Yes
Backup withholding compliance
Yes
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
No
Other officer compensation reviewed
No
Conflict-of-interest policy
Yes
Audited financial statements prepared
Yes
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section B, Line 11B

The president and finance officer of the board review the form 990 before it is filed.

Form 990, Part VI, Section C, Line 19

Copies of the governing documents, the conflict of interest policy and the financial statements are available upon request.

Filing and Contact Details

Filer

Filer Name
HOWARD CTY CONVENT'N & VISITORS COMM INC
EIN
35-1995729
Phone
7654576802
Address
700 E FIRMIN ST NO 200, KOKOMO, IN 46902

Signing Officer

Name
Kirk Daniels
Title
President
Phone
7654576802
Signed
2018-11-05
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Kirk Daniels
Formed
1982
Legal Domicile
In
Voting Board Members
9
Independent Board Members
9
Employees
1
Volunteers
12

Preparer

Firm
Bucheri Mccarty & Metz Llp
Address
PO BOX 2147, KOKOMO, IN 46904-2147
Preparer
G a Mccarty CPA
Phone
7652362300
Supplemental Narrative

Additional Explanations

Form 990, Part IX, Line 11G

Professional fees 57,696. Research services 10,850.

Form 990 Part XII, Line 2C

Line 2c: the greater kokomo economic development alliance, inc. Board of directors selected and were responsible for the oversight of the audit of the 2017 consolidated financial statements.

Financial Statement Notes

PART XI, LINE 2D - OTHER ADJUSTMENTS:

Revenue of kokomo/howard co chamber of commerce ein 35-0836678 revenue of greater kokomo econ development alliance ein 35-1499686

PART XII, LINE 2D - OTHER ADJUSTMENTS:

Expenses of kokomo/howard co chamber of commerce ein 35-1836678 expenses of greater kokomo econ development alliance ein 35-1499686

PART XII, LINE 4B - OTHER ADJUSTMENTS:

Intercompany administrative fees

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This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

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IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt02777848
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt01619223
IRS990ScheduleI/GrantRecordsMaintainedInd01
IRS990ScheduleI/RecipientTable/CashGrantAmt058250
IRS990ScheduleI/RecipientTable/IRCSectionDesc0CITY OF KOKOMO
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt0PURCHASE LAND FOR PROPOSED CONVENTION CENTER
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt0CITY OF KOKOMO
IRS990ScheduleI/RecipientTable/RecipientEIN0356001076
IRS990ScheduleI/RecipientTable/USAddress/AddressLine1Txt0100 SOUTH UNION ST
IRS990ScheduleI/RecipientTable/USAddress/CityNm0KOKOMO
IRS990ScheduleI/RecipientTable/USAddress/StateAbbreviationCd0IN
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IRS990ScheduleI/Total501c3OrgCnt01
IRS990/ScheduleJRequiredInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE PRESIDENT AND FINANCE OFFICER OF THE BOARD REVIEW THE FORM 990 BEFORE IT IS FILED.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1COPIES OF THE GOVERNING DOCUMENTS, THE CONFLICT OF INTEREST POLICY AND THE FINANCIAL STATEMENTS ARE AVAILABLE UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2PROFESSIONAL FEES 57,696. RESEARCH SERVICES 10,850.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3LINE 2C: THE GREATER KOKOMO ECONOMIC DEVELOPMENT ALLIANCE, INC. BOARD OF DIRECTORS SELECTED AND WERE RESPONSIBLE FOR THE OVERSIGHT OF THE AUDIT OF THE 2017 CONSOLIDATED FINANCIAL STATEMENTS.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART VI, SECTION B, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, SECTION C, LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PART IX, LINE 11G
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990 PART XII, LINE 2C
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IRS990ScheduleR/AssetPurchaseFromOtherOrgInd00
IRS990ScheduleR/AssetSaleToOtherOrgInd00
IRS990ScheduleR/DivRelatedOrganizationInd00
IRS990ScheduleR/GiftGrntCapContriFromOthOrgInd00
IRS990ScheduleR/GiftGrntOrCapContriToOthOrgInd00
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ControlledOrganizationInd00
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ControlledOrganizationInd10
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IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine1Txt1KOKOMOHOWARD COUNTY CHAMBER OF COMMERCE
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IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/LegalDomicileStateCd0IN
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/LegalDomicileStateCd1IN
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PrimaryActivitiesTxt0PROMOTION OF CITY AND COUNTY ECONOMIC DEVELOPMENT
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PrimaryActivitiesTxt1IMPROVE OVERALL BUSINESS CLIMATE
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PublicCharityStatusTxt0LINE 7
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IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/AddressLine1Txt1325 N MAIN ST
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IRS990ScheduleR/LoansOrGuaranteesFromOthOrgInd00
IRS990ScheduleR/LoansOrGuaranteesToOtherOrgInd00
IRS990ScheduleR/PaidEmployeesSharingInd00
IRS990ScheduleR/PerformOfServicesByOtherOrgInd00
IRS990ScheduleR/PerformOfServicesForOthOrgInd00
IRS990ScheduleR/ReceiptOfIntAnntsRntsRyltsInd00
IRS990ScheduleR/ReimbursementPaidByOtherOrgInd00
IRS990ScheduleR/ReimbursementPaidToOtherOrgInd01
IRS990ScheduleR/RentalOfFacilitiesToOthOrgInd00
IRS990ScheduleR/RentalOfFcltsFromOthOrgInd00
IRS990ScheduleR/SharingOfFacilitiesInd00
IRS990ScheduleR/TransferFromOtherOrgInd00
IRS990ScheduleR/TransferToOtherOrgInd00
IRS990/SchoolOperatingInd00
IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
IRS990/StatesWhereCopyOfReturnIsFldCd0IN
IRS990/SubjectToProxyTaxInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TempOrPermanentEndowmentsInd00
IRS990/TerminateOperationsInd00
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IRS990/TotalAssetsEOYAmt01736039
IRS990/TotalAssetsGrp/BOYAmt01366588
IRS990/TotalAssetsGrp/EOYAmt01736039
IRS990/TotalCompGreaterThan150KInd00
IRS990/TotalEmployeeCnt01
IRS990/TotalFunctionalExpensesGrp/TotalAmt0314194
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt04024
IRS990/TotalLiabilitiesEOYAmt016434
IRS990/TotalLiabilitiesGrp/BOYAmt04024
IRS990/TotalLiabilitiesGrp/EOYAmt016434
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt01362564
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt01719605
IRS990/TotalOtherCompensationAmt00
IRS990/TotalProgramServiceRevenueAmt0668987
IRS990/TotalReportableCompFromOrgAmt00
IRS990/TotalRevenueGrp/ExclusionAmt00
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt0671235
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0671235
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotalVolunteersCnt012
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt01366588
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt01736039
IRS990/TotReportableCompRltdOrgAmt00
IRS990/TravelGrp/TotalAmt0947
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd00
IRS990/UnrestrictedNetAssetsGrp/BOYAmt01362564
IRS990/UnrestrictedNetAssetsGrp/EOYAmt01719605
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt0700 NO FIRMIN ST STE 200
IRS990/USAddress/CityNm0KOKOMO
IRS990/USAddress/StateAbbreviationCd0IN
IRS990/USAddress/ZIPCd046902
IRS990/VotingMembersGoverningBodyCnt09
IRS990/VotingMembersIndependentCnt09
IRS990/WebsiteAddressTxt0VISITKOKOMO.ORG
IRS990/WhistleblowerPolicyInd00
ReturnHeader/BuildTS02019-02-21 02:37:17Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd01
ReturnHeader/BusinessOfficerGrp/PersonNm0KIRK DANIELS
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0PRESIDENT
ReturnHeader/BusinessOfficerGrp/PhoneNum07654576802
ReturnHeader/BusinessOfficerGrp/SignatureDt02018-11-05
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0HOWARD CTY CONVENT'N & VISITORS COMM INC
ReturnHeader/Filer/BusinessNameControlTxt0HOWA
ReturnHeader/Filer/EIN0351995729
ReturnHeader/Filer/PhoneNum07654576802
ReturnHeader/Filer/USAddress/AddressLine1Txt0700 E FIRMIN ST NO 200
ReturnHeader/Filer/USAddress/CityNm0KOKOMO
ReturnHeader/Filer/USAddress/StateAbbreviationCd0IN
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ReturnHeader/FilingSecurityInformation/AtSubmissionCreationDeviceId0EF78489C7F8029F1B159074543239155BA08EA6B
ReturnHeader/FilingSecurityInformation/AtSubmissionFilingDeviceId0A04A16EF35E27CE43A13A6DACA64599D3F9B0E0E
ReturnHeader/FilingSecurityInformation/FilingLicenseTypeCd0P
ReturnHeader/FilingSecurityInformation/IPAddress/IPv4AddressTxt064.88.174.3
ReturnHeader/FilingSecurityInformation/IPDt02018-11-05
ReturnHeader/FilingSecurityInformation/IPTimezoneCd0ES
ReturnHeader/FilingSecurityInformation/IPTm009:09:14
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0351724750
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0BUCHERI MCCARTY & METZ LLP
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt0PO BOX 2147
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0KOKOMO
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0IN
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd0469042147
ReturnHeader/PreparerPersonGrp/PhoneNum07652362300
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0G A MCCARTY CPA
ReturnHeader/ReturnTs02018-11-13T10:22:53-06:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02017-01-01
ReturnHeader/TaxPeriodEndDt02017-12-31

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Facts available. Structured filing facts are available, but richer extracted sections are limited.$2.12$0.00$2.12$1.81$4.33$2.52
2023Detailed filing. Detailed filing data is available for this year.$4.65$0.00$4.65$1.42$0.98$0.44
2022Detailed filing. Detailed filing data is available for this year.$4.22$0.01$4.21$1.21$0.52$0.69
2021Detailed filing. Detailed filing data is available for this year.$3.52$0.01$3.52$1.00$0.28$0.72
2020Detailed filing. Detailed filing data is available for this year.$2.80$0.00$2.80$0.80$0.41$0.40
2019Detailed filing. Detailed filing data is available for this year.$2.62$0.22$2.40$0.86$0.55$0.32
2018Detailed filing. Detailed filing data is available for this year.$2.10$0.01$2.09$0.68$0.32$0.37
2017Detailed filing. Detailed filing data is available for this year.$1.74$0.02$1.72$0.67$0.31$0.36
2016Detailed filing. Detailed filing data is available for this year.$1.37$0.00$1.36$0.65$0.42$0.24
2015Detailed filing. Detailed filing data is available for this year.$1.14$0.01$1.13$0.60$0.29$0.31
2014Detailed filing. Detailed filing data is available for this year.$0.88$0.06$0.82$0.64$0.38$0.26
2013Detailed filing. Detailed filing data is available for this year.$0.58$0.02$0.56$0.57$0.46$0.11
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.47$0.01$0.46$0.30
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.23$0.00$0.22$0.32
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.10$0.00$0.10$0.37