Civic Intelligence

Rockford Area Convention and Visitors Bureau

990 • Fiscal year 2017 • EIN 36-3342710

Jul 01, 2016 to Jun 30, 2017 • Filed on Jan 18, 2018

102 N Main StreetRockford, IL 61101

(815) 489-1659

Siviq Scores

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

Liabilities / Assets

72nd percentile

0.36x

Higher debt load relative to assets than 72% of similar nonprofits.

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

Liabilities / Revenue

45th percentile

0.15x

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

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

Net Margin

17th percentile

-5.1%

Higher net margin than 17% of similar nonprofits.

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

Top Officer Pay

66th percentile

$185,686

Higher top officer pay than 66% of similar nonprofits.

Top officer pay equals 7.1% of source-year revenue.

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

Asset Growth

11th percentile

-11%

Faster asset growth than 11% of similar nonprofits.

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

Revenue Growth

69th percentile

9.6%

Faster revenue growth than 69% of similar nonprofits.

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

Assets

Down

$1,071,488

Down $130,555 (-11%) from 2016

Net Assets

Down

$689,697

Down $134,105 (-16%) from 2016

Liabilities

Up

$381,791

Up $3,550 (+0.9%) from 2016

Revenue

Up

$2,607,231

Up $227,681 (+9.6%) from 2016

Expenses

Up

$2,741,336

Up $337,033 (+14%) from 2016

Net Income

Down

-$134,105

Down $109,352 (-442%) from 2016

Historical Trend

Balance Sheet Trend

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

$3.0M$2.0M$1.0M$0Assets 2012: $1,236,461Liabilities 2012: $339,794Net Assets 2012: $896,6672012Assets 2013: $976,222Liabilities 2013: $201,491Net Assets 2013: $774,7312013Assets 2014: $996,921Liabilities 2014: $198,642Net Assets 2014: $798,2792014Assets 2015: $1,192,904Liabilities 2015: $344,349Net Assets 2015: $848,5552015Assets 2016: $1,202,043Liabilities 2016: $378,241Net Assets 2016: $823,8022016Assets 2017: $1,071,488Liabilities 2017: $381,791Net Assets 2017: $689,6972017Assets 2018: $1,158,604Liabilities 2018: $355,733Net Assets 2018: $802,8712018Assets 2019: $1,314,878Liabilities 2019: $599,900Net Assets 2019: $714,9782019Assets 2020: $922,395Liabilities 2020: $415,325Net Assets 2020: $507,0702020Assets 2021: $1,526,253Liabilities 2021: $1,023,816Net Assets 2021: $502,4372021Assets 2022: $1,480,482Liabilities 2022: $931,914Net Assets 2022: $548,5682022Assets 2023: $1,008,517Liabilities 2023: $699,063Net Assets 2023: $309,4542023Assets 2024: $1,955,832Liabilities 2024: $1,684,456Net Assets 2024: $271,3762024Assets 2025: $2,470,759Liabilities 2025: $2,177,429Net Assets 2025: $293,3302025

Highlighted filing

2017

Assets$1,071,488
Liabilities$381,791
Net Assets$689,697

Operations Trend

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

$6.0M$4.0M$2.0M$0-$2.0MExpenses 2012: $2,479,0332012Expenses 2013: $2,395,3822013Revenue 2014: $2,462,211Expenses 2014: $2,438,663Net Income 2014: $23,5482014Revenue 2015: $2,551,365Expenses 2015: $2,501,089Net Income 2015: $50,2762015Revenue 2016: $2,379,550Expenses 2016: $2,404,303Net Income 2016: -$24,7532016Revenue 2017: $2,607,231Expenses 2017: $2,741,336Net Income 2017: -$134,1052017Revenue 2018: $2,798,031Expenses 2018: $2,684,857Net Income 2018: $113,1742018Revenue 2019: $3,053,275Expenses 2019: $3,141,168Net Income 2019: -$87,8932019Revenue 2020: $2,740,614Expenses 2020: $2,948,522Net Income 2020: -$207,9082020Revenue 2021: $2,180,359Expenses 2021: $2,053,354Net Income 2021: $127,0052021Revenue 2022: $3,193,388Expenses 2022: $3,147,257Net Income 2022: $46,1312022Revenue 2023: $3,133,223Expenses 2023: $3,372,337Net Income 2023: -$239,1142023Revenue 2024: $4,206,135Expenses 2024: $4,244,213Net Income 2024: -$38,0782024Revenue 2025: $4,370,352Expenses 2025: $4,348,398Net Income 2025: $21,9542025

Highlighted filing

2017

Revenue$2,607,231
Expenses$2,741,336
Net Income-$134,105
Jump To
Filing Snapshot
Filing Period
Jul 1, 2016 to Jun 30, 2017
Signed
Jan 18, 2018
Return Version
2016v3.1
Gross Receipts
$2,628,516
Mission and Program Overview

Mission

Racvb advances regional prosperity by increasing visitation, supporting tourism-related development, and elevating rockford and winnebago county's reputation as a top destination to visit and live. We promote the region, generate economic impact, and foster community pride through strategic marketing and visitor experiences.

Promote tourism in northern illinois

Balance Sheet Detail
LineBeginningEndChange
Assets
Pledges and Grants Receivable$286,442$398,426▲ $111,984
Land, Buildings, and Equipment, Net$420,332$344,125▼ $76,207
Cash and Non-Interest-Bearing Accounts$160,266$170,670▲ $10,404
Prepaid Expenses and Deferred Charges$95,821$63,394▼ $32,427
Savings and Temporary Cash Investments$198,549$43,860▼ $154,689
Accounts Receivable$18,794$29,864▲ $11,070
Total Assets$1,202,043$1,071,488▼ $130,555
Other Assets Total$21,839$21,149▼ $690
Liabilities
Deferred Revenue$76,210$188,710▲ $112,500
Accounts Payable and Accrued Expenses$284,838$184,659▼ $100,179
Escrow Account Liability$17,193$8,422▼ $8,771
Total Liabilities$378,241$381,791▲ $3,550
Net Assets / Fund Balance
Unrestricted Net Assets$823,802$659,200▼ $164,602
Temporarily Rstr Net Assets-$30,497-
Total Net Assets Fund Balance$823,802$689,697▼ $134,105
Total Liabilities and Net Assets / Fund Balance$1,202,043$1,071,488▼ $130,555

Asset Categories

AssetBook ValueDepreciationBasis
Leasehold Improvements$92,485$416,088$508,573
Equipment$251,640$197,255$448,895
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
John GrohPresident /FT$165,246$20,440$185,686
John GrohPresident / CEO-$138,420$47,266$185,686

Board Members and Trustees

NameTitle
David AndersonChair
Bill LafeverVice Chair
Amanda HamakerDirector
Ben HolmstromDirector
Bob BurdenDirector
Bobbie HolzworthDirector
Bryan DavisDirector
Chad AndersonDirector
Einar ForsmanDirector
Jay SandineDirector
Jennifer FurstDirector
Kevin FrostDirector
Marco LenisDirector
Marcus BaconDirector
Nathan BryantDirector
Patricia DiduchDirector
Ted RehlDirector
Todd CagnoniDirector
Tim MyersSecretary&tr
Gary StrakeljahnTreasurer

Highest Paid Contractors

ContractorServicesLocationCompensation
Graham SpencerPromotion333 LOCUST STREET, SUITE 100, Rockford, IL 61103$128,892
SimpleviewNetwork And Web7858 N LA CHOLLA BOULEVARD, Tuscon, AZ 85741$107,433
Revenue and Support

Revenue Composition

Contributions and Grants
$2,277,430
Program Service Revenue
$297,375
Investment Income
$-229
Other Revenue
$32,655
Change in Net Assets
$-134,105

Audited Revenue Reconciliation

Revenue per Audited Statements
$2,607,231
Revenue Not Reported on Form 990
$61,730
Total Revenue per Audited Statements
$2,668,961
Total Revenue per Form 990
$2,607,231
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$1,687,399
Salaries, Compensation, and Employee Benefits$1,053,937
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages---$717,614
All Other Expenses---$200,760
Current Officers, Directors, Trustees, and Key Employees---$176,671
Office Expenses---$95,487
Depreciation Depletion---$88,938
Travel---$75,109
Other Expenses---$70,986
Payroll Taxes---$67,627
Other Employee Benefits---$56,764
Fees for Services Other---$42,509
Occupancy---$36,110
Pension Plan Contributions---$35,261
Conferences and Meetings---$22,906
Insurance---$16,149
Fees for Services Accounting---$15,900
Total Functional Expenses$0$0$0$2,741,336

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$2,803,066
Expenses per Audited Statements$2,741,336
Total Expenses per Form 990$2,741,336
Expenses Not Reported on Form 990$61,730
International Activity

International Summary

Spending
$81,500

International Compliance

Foreign grant records maintained
No
Activity in boycott countries
No
Foreign corporation ownership
No
Foreign partnership interest
No
Interest in foreign trust
No
Passive foreign investment company interest
No
Transfers to foreign corporations
No

International Activities

RegionActivityServicesOfficesEmployeesSpending
EuropeProgram ServicesPromote Il Tourism--$81,500
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Gross Income$35,905
Fundraising Direct Expenses$20,071
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Paint the Town$35,905$35,905$3,131$32,774
Total Events$35,905$35,905$20,071$15,834
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
Yes
Audit committee
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
Yes
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, Page 6, Part VI, Line 8B

Audit committee minutes are not taken

Form 990, Page 6, Part VI, Line 11B

Form 990 is distributed to the board by email with question/discussion period.

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

Officer/director disclosure of interests that could give rise to a conflict is required. Compliance is addressed in the preparation of routine monitoring reports.

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

Compensation for the ceo is determined through a board appointed compensation committee; processes include use of regional, industry specific reports to determine market rates of pay.

Form 990, Page 6, Part VI, Line 19

The organization makes its governing policies and quarterly and annual reports including key performance indicators available on its website at www.gorockford.com.

Filing and Contact Details

Filer

Filer Name
Rockford Area Convention and
EIN
36-3342710
Phone
8154891659
Address
102 N MAIN STREET, ROCKFORD, IL 61101

Signing Officer

Name
John Groh
Title
President / CEO
Phone
8154891659
Signed
2018-01-18
Discuss with paid preparer
Yes

Organization Details

Principal Officer
John Groh
Formed
1984
Legal Domicile
Il
Voting Board Members
17
Independent Board Members
17
Employees
24
Volunteers
25

Preparer

Firm
Benning Group LLC
Address
6815 WEAVER RD STE 300, ROCKFORD, IL 61114-8056
Preparer
Curtis D Kleckler
Phone
8153162375
Supplemental Narrative

Additional Explanations

Form 990, Part V

Contributions to the organization: during the course of business, the organization accepts contributions of items such as supplies, admission passes and advertising which aid in conducting their program activities. The contributions are not soliciated as non-deductible contributions but as sponsorships for tourism activities and events in the northern illinois area. In addition, the organizations who donate these items do not treat them as charitable contributions.

Form 990, Part XI, Line 9

Loss on disposal included in revenue 464 loss on disposal included in revenue -464

Financial Statement Notes

Schedule D, Page 2, Part III, Line 4

The collection is called i am rockford, which illuminates the citizens of rockford that inspire us to define our city in positive ways. The 20 inspirational photographic portraits of these rockford residents culminated with an exhibit at rockford art museum and a city-wide art display. By celebrating these individuals, these images refocus attention on the incredible people whose passions make rockford better and inspire us to take pride in our community.

Schedule D, Page 2, Part IV, Line 2B

Racvb manages custodial funds on behalf of certain other nonprofit organizations and groups.

Schedule D, Page 3, Part X

Racvb and the foundation qualify for tax-exempt status under section 501 (c)(6) and 501(c)(3) of the internal revenue code, respectively. Racvb and the foundation have evaluated their tax positions for all open tax years. Currently, the tax years open and subject to examination by the internal revenue service are the fiscal years ending june 30, 2014, 2015 and 2016. However, racvb and the foundation are not currently under audit nor have the organizations been contacted by any jurisdiction. Based on the evaluation of racvb and the foundation's tax positions, management believes all tax positions taken would be upheld under examination. Therefore, no provision for the effects of uncertain tax positions has been recorded for the years ended june 30, 2017 and 2016.

Schedule D, Page 4, Part XI, Line 2D

Loss on disposal included in revenue 464

Schedule D, Page 4, Part XII, Line 2D

Loss on disposal included in revenue 464

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IRS990/Form990PartVIISectionAGrp/TitleTxt5DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt6DIRECTOR
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IRS990/Form990PartVIISectionAGrp/TitleTxt8DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt9DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt10DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt11DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt12DIRECTOR
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IRS990/Form990PartVIISectionAGrp/TitleTxt14DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt15DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt16DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt17DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt18DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt19DIRECTOR
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IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0THE COLLECTION IS CALLED I AM ROCKFORD, WHICH ILLUMINATES THE CITIZENS OF ROCKFORD THAT INSPIRE US TO DEFINE OUR CITY IN POSITIVE WAYS. THE 20 INSPIRATIONAL PHOTOGRAPHIC PORTRAITS OF THESE ROCKFORD RESIDENTS CULMINATED WITH AN EXHIBIT AT ROCKFORD ART MUSEUM AND A CITY-WIDE ART DISPLAY. BY CELEBRATING THESE INDIVIDUALS, THESE IMAGES REFOCUS ATTENTION ON THE INCREDIBLE PEOPLE WHOSE PASSIONS MAKE ROCKFORD BETTER AND INSPIRE US TO TAKE PRIDE IN OUR COMMUNITY.
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt1RACVB MANAGES CUSTODIAL FUNDS ON BEHALF OF CERTAIN OTHER NONPROFIT ORGANIZATIONS AND GROUPS.
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt2RACVB AND THE FOUNDATION QUALIFY FOR TAX-EXEMPT STATUS UNDER SECTION 501 (C)(6) AND 501(C)(3) OF THE INTERNAL REVENUE CODE, RESPECTIVELY. RACVB AND THE FOUNDATION HAVE EVALUATED THEIR TAX POSITIONS FOR ALL OPEN TAX YEARS. CURRENTLY, THE TAX YEARS OPEN AND SUBJECT TO EXAMINATION BY THE INTERNAL REVENUE SERVICE ARE THE FISCAL YEARS ENDING JUNE 30, 2014, 2015 AND 2016. HOWEVER, RACVB AND THE FOUNDATION ARE NOT CURRENTLY UNDER AUDIT NOR HAVE THE ORGANIZATIONS BEEN CONTACTED BY ANY JURISDICTION. BASED ON THE EVALUATION OF RACVB AND THE FOUNDATION'S TAX POSITIONS, MANAGEMENT BELIEVES ALL TAX POSITIONS TAKEN WOULD BE UPHELD UNDER EXAMINATION. THEREFORE, NO PROVISION FOR THE EFFECTS OF UNCERTAIN TAX POSITIONS HAS BEEN RECORDED FOR THE YEARS ENDED JUNE 30, 2017 AND 2016.
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt3LOSS ON DISPOSAL INCLUDED IN REVENUE 464
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt4LOSS ON DISPOSAL INCLUDED IN REVENUE 464
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0SCHEDULE D, PAGE 2, PART III, LINE 4
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc1SCHEDULE D, PAGE 2, PART IV, LINE 2B
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc2SCHEDULE D, PAGE 3, PART X
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc3SCHEDULE D, PAGE 4, PART XI, LINE 2D
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc4SCHEDULE D, PAGE 4, PART XII, LINE 2D
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IRS990ScheduleF/AccountActivitiesOutsideUSGrp/RegionTxt0EUROPE
IRS990ScheduleF/AccountActivitiesOutsideUSGrp/SpecificServicesProvidedTxt0PROMOTE IL TOURISM
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Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2025Detailed filing. Detailed filing data is available for this year.$2.47$2.18$0.29$4.37$4.35$0.02
2024Detailed filing. Detailed filing data is available for this year.$1.96$1.68$0.27$4.21$4.24$0.04
2023Detailed filing. Detailed filing data is available for this year.$1.01$0.70$0.31$3.13$3.37$0.24
2022Detailed filing. Detailed filing data is available for this year.$1.48$0.93$0.55$3.19$3.15$0.05
2021Detailed filing. Detailed filing data is available for this year.$1.53$1.02$0.50$2.18$2.05$0.13
2020Detailed filing. Detailed filing data is available for this year.$0.92$0.42$0.51$2.74$2.95$0.21
2019Detailed filing. Detailed filing data is available for this year.$1.31$0.60$0.71$3.05$3.14$0.09
2018Detailed filing. Detailed filing data is available for this year.$1.16$0.36$0.80$2.80$2.68$0.11
2017Detailed filing. Detailed filing data is available for this year.$1.07$0.38$0.69$2.61$2.74$0.13
2016Detailed filing. Detailed filing data is available for this year.$1.20$0.38$0.82$2.38$2.40$0.02
2015Detailed filing. Detailed filing data is available for this year.$1.19$0.34$0.85$2.55$2.50$0.05
2014Detailed filing. Detailed filing data is available for this year.$1.00$0.20$0.80$2.46$2.44$0.02
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.98$0.20$0.77$2.40
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.24$0.34$0.90$2.48