Civic Intelligence

Blackhawk Waterways Cvb

990 • Fiscal year 2022 • EIN 36-3436118

Jul 01, 2021 to Jun 30, 2022 • Filed on Feb 03, 2022

201 North FranklinPolo, IL 61064

(815) 946-2108

Siviq Scores

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

Liabilities / Assets

56th percentile

0.01x

Higher debt load relative to assets than 56% of similar nonprofits.

2022 filings • 501(c)6 • <$500k nonprofits • Source year 2022

Liabilities / Revenue

52nd percentile

0.01x

Higher debt load relative to revenue than 52% of similar nonprofits.

2022 filings • 501(c)6 • <$500k nonprofits • Source year 2022

Net Margin

71st percentile

14%

Higher net margin than 71% of similar nonprofits.

2022 filings • 501(c)6 • <$500k nonprofits • Source year 2022

Top Officer Pay

72nd percentile

$0

Higher top officer pay than 72% of similar nonprofits.

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

2022 filings • 501(c)6 • <$500k nonprofits • Source year 2022

Asset Growth

88th percentile

38%

Faster asset growth than 88% of similar nonprofits.

2022 filings • 501(c)6 • <$500k nonprofits • Annualized from 2021 to 2022

Revenue Growth

85th percentile

79%

Faster revenue growth than 85% of similar nonprofits.

2022 filings • 501(c)6 • <$500k nonprofits • Annualized from 2021 to 2022

Assets

Up

$145,234

Up $39,977 (+38%) from 2021

Net Assets

Up

$143,319

Up $39,991 (+39%) from 2021

Liabilities

Down

$1,915

Down $14 (-0.7%) from 2021

Revenue

Up

$293,382

Up $129,832 (+79%) from 2021

Expenses

Up

$253,391

Up $68,177 (+37%) from 2021

Net Income

Up

$39,991

Up $61,655 (+285%) from 2021

Historical Trend

Balance Sheet Trend

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

$200K$150K$100K$50K$0Assets 2011: $48,572Liabilities 2011: $864Net Assets 2011: $47,7082011Assets 2012: $65,533Liabilities 2012: $3Net Assets 2012: $65,5302012Assets 2013: $95,572Liabilities 2013: $1,760Net Assets 2013: $93,8122013Assets 2014: $105,651Liabilities 2014: $1,963Net Assets 2014: $103,6882014Assets 2015: $126,369Liabilities 2015: $2,216Net Assets 2015: $124,1532015Assets 2016: $137,267Liabilities 2016: $1,884Net Assets 2016: $135,3832016Assets 2017: $138,307Liabilities 2017: $2,056Net Assets 2017: $136,2512017Assets 2018: $127,871Liabilities 2018: $2,690Net Assets 2018: $125,1812018Assets 2019: $120,566Liabilities 2019: $884Net Assets 2019: $119,6822019Assets 2020: $125,958Liabilities 2020: $966Net Assets 2020: $124,9922020Assets 2021: $105,257Liabilities 2021: $1,929Net Assets 2021: $103,3282021Assets 2022: $145,234Liabilities 2022: $1,915Net Assets 2022: $143,3192022Assets 2023: $173,628Liabilities 2023: $2,448Net Assets 2023: $171,1802023Assets 2024: $176,932Liabilities 2024: $7,368Net Assets 2024: $169,5642024Assets 2025: $155,916Liabilities 2025: $3,995Net Assets 2025: $151,9212025

Highlighted filing

2022

Assets$145,234
Liabilities$1,915
Net Assets$143,319

Operations Trend

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

$400K$300K$200K$100K$0-$100KExpenses 2011: $176,3372011Expenses 2012: $220,9652012Expenses 2013: $250,0322013Revenue 2014: $270,299Expenses 2014: $260,423Net Income 2014: $9,8762014Revenue 2015: $284,581Expenses 2015: $263,976Net Income 2015: $20,6052015Revenue 2016: $236,661Expenses 2016: $225,431Net Income 2016: $11,2302016Revenue 2017: $256,877Expenses 2017: $256,009Net Income 2017: $8682017Revenue 2018: $227,148Expenses 2018: $238,218Net Income 2018: -$11,0702018Revenue 2019: $270,473Expenses 2019: $275,972Net Income 2019: -$5,4992019Revenue 2020: $250,239Expenses 2020: $244,929Net Income 2020: $5,3102020Revenue 2021: $163,550Expenses 2021: $185,214Net Income 2021: -$21,6642021Revenue 2022: $293,382Expenses 2022: $253,391Net Income 2022: $39,9912022Revenue 2023: $350,804Expenses 2023: $322,943Net Income 2023: $27,8612023Revenue 2024: $312,275Expenses 2024: $313,891Net Income 2024: -$1,6162024Revenue 2025: $314,504Expenses 2025: $332,147Net Income 2025: -$17,6432025

Highlighted filing

2022

Revenue$293,382
Expenses$253,391
Net Income$39,991
Jump To
Filing Snapshot
Filing Period
Jul 1, 2021 to Jun 30, 2022
Signed
Feb 3, 2022
Return Version
2021v4.0
Gross Receipts
$293,382
Mission and Program Overview

Mission

Promote Tourism in NW Illinois

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$103,473$142,273▲ $38,800
Land, Buildings, and Equipment, Net$1,351$2,529▲ $1,178
Inventories for Sale or Use$432$432→ $0
Total Assets$105,256$145,234▲ $39,978
Liabilities
Accounts Payable and Accrued Expenses$1,928$1,915▼ $13
Total Liabilities$1,928$1,915▼ $13
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$103,328$143,319▲ $39,991
Total Net Assets Fund Balance$103,328$143,319▲ $39,991
Total Liabilities and Net Assets / Fund Balance$105,256$145,234▲ $39,978

Asset Categories

AssetBook ValueDepreciationBasis
Other Land Buildings$2,529$16,990$19,519
Compensation and Service Providers

Board Members and Trustees

NameTitle
Al VannattaDirector
Casey BabelDirector
Chris WilliamsDirector
Gary CamaranoDirector
Jenny ThompsonDirector
Jocelyn BoydDirector
Kim EwoldsenDirector
Lesley WebsterDirector
Linda SchrockDirector
Liz VosDirector
Maria KrullDirector
Matthew LenoxDirector
Melinda JonesDirector
Peg VoellerDirector
Rebecca WilsonDirector
Vicky TurnerDirector
Sherry VidinichVice Preside
Revenue and Support

Revenue Composition

Contributions and Grants
$293,314
Program Service Revenue
$0
Investment Income
$68
Other Revenue
$0
All Other Contributions
$186,782
Change in Net Assets
$39,991
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$149,955
Salaries, Compensation, and Employee Benefits$103,436
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Advertising$107,375--$107,375
Current Officers, Directors, Trustees, and Key Employees-$59,238-$59,238
Other Salaries and Wages-$34,320-$34,320
Occupancy$14,269--$14,269
Payroll Taxes-$6,878-$6,878
Information Technology$6,590--$6,590
Travel$5,495--$5,495
Insurance$3,476--$3,476
Other Employee Benefits-$3,000-$3,000
Office Expenses$2,829--$2,829
Fees for Services Accounting$1,595--$1,595
Depreciation Depletion$596--$596
Other Expenses$250--$250
Fees for Services Other$91--$91
Total Functional Expenses$149,955$103,436$0$253,391
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
Backup withholding compliance
No
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
No
Other officer compensation reviewed
No
Conflict-of-interest policy
No
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 members review and approve form 990 prior to filing.

Form 990, Page 6, Part VI, Line 19

AVAILABLE UPON REQUEST

Filing and Contact Details

Filer

Filer Name
Blackhawk Waterways Cvb
EIN
36-3436118
Phone
8159462108
Address
201 NORTH FRANKLIN, POLO, IL 61064

Signing Officer

Name
Judy Webb
Title
President
Phone
8159462108
Signed
2022-02-03
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Judy Webb
Voting Board Members
18
Independent Board Members
18
Employees
2

Preparer

Firm
Mcfalls Berge & Associates LLC
Address
2919 E LINCOLNWAY, STERLING, IL 61081
Preparer
Lizabeth Mcfalls CPA
Phone
8156256351
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IRS990/ReportOtherAssetsInd0false
IRS990/ReportOtherLiabilitiesInd0false
IRS990/ReportProgramRelatedInvstInd0false
IRS990/ScheduleBRequiredInd0false
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt02529
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt016990
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt019519
IRS990ScheduleD/TotalBookValueLandBuildingsAmt02529
IRS990/ScheduleJRequiredInd0false
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0BOARD MEMBERS REVIEW AND APPROVE FORM 990 PRIOR TO FILING.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1AVAILABLE UPON REQUEST
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PAGE 6, PART VI, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PAGE 6, PART VI, LINE 19
IRS990/SchoolOperatingInd0false
IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/SubjectToExcsTaxNetInvstIncInd0false
IRS990/SubjectToProxyTaxInd0false
IRS990/SubjToTaxRmnrtnExPrchtPymtInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt0105256
IRS990/TotalAssetsEOYAmt0145234
IRS990/TotalAssetsGrp/BOYAmt0105256
IRS990/TotalAssetsGrp/EOYAmt0145234
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalContributionsAmt0293314
IRS990/TotalEmployeeCnt02
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt0103436
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0149955
IRS990/TotalFunctionalExpensesGrp/TotalAmt0253391
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt01928
IRS990/TotalLiabilitiesEOYAmt01915
IRS990/TotalLiabilitiesGrp/BOYAmt01928
IRS990/TotalLiabilitiesGrp/EOYAmt01915
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0103328
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0143319
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt068
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0293382
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt0105256
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt0145234
IRS990/TravelGrp/ProgramServicesAmt05495
IRS990/TravelGrp/TotalAmt05495
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt03761 W CEDAR ST
IRS990/USAddress/CityNm0DIXON
IRS990/USAddress/StateAbbreviationCd0IL
IRS990/USAddress/ZIPCd061021
IRS990/VotingMembersGoverningBodyCnt018
IRS990/VotingMembersIndependentCnt018
IRS990/WebsiteAddressTxt0WWW.BWCVB.COM
IRS990/WhistleblowerPolicyInd0false
ReturnHeader/BuildTS02023-04-26 12:10:37Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0JUDY WEBB
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0PRESIDENT
ReturnHeader/BusinessOfficerGrp/PhoneNum08159462108
ReturnHeader/BusinessOfficerGrp/SignatureDt02022-02-03
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0BLACKHAWK WATERWAYS CVB
ReturnHeader/Filer/BusinessNameControlTxt0BLAC
ReturnHeader/Filer/EIN0363436118
ReturnHeader/Filer/PhoneNum08159462108
ReturnHeader/Filer/USAddress/AddressLine1Txt0201 NORTH FRANKLIN
ReturnHeader/Filer/USAddress/CityNm0POLO
ReturnHeader/Filer/USAddress/StateAbbreviationCd0IL
ReturnHeader/Filer/USAddress/ZIPCd061064
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0873296508
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0MCFALLS BERGE & ASSOCIATES LLC
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt02919 E LINCOLNWAY
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0STERLING
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0IL
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd061081
ReturnHeader/PreparerPersonGrp/PhoneNum08156256351
ReturnHeader/PreparerPersonGrp/PreparationDt02023-02-03
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0LIZABETH MCFALLS CPA
ReturnHeader/ReturnTs02023-03-02T17:44:06-05:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonFirstNm0JUDY
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonLastNm0WEBB
ReturnHeader/TaxPeriodBeginDt02021-07-01
ReturnHeader/TaxPeriodEndDt02022-06-30
ReturnHeader/TaxYr02021

Document Assets

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Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2025Detailed filing. Detailed filing data is available for this year.$1.56$0.04$1.52$3.15$3.32$0.18
2024Detailed filing. Detailed filing data is available for this year.$1.77$0.07$1.70$3.12$3.14$0.02
2023Detailed filing. Detailed filing data is available for this year.$1.74$0.02$1.71$3.51$3.23$0.28
2022Detailed filing. Detailed filing data is available for this year.$1.45$0.02$1.43$2.93$2.53$0.40
2021Detailed filing. Detailed filing data is available for this year.$1.05$0.02$1.03$1.64$1.85$0.22
2020Detailed filing. Detailed filing data is available for this year.$1.26$0.01$1.25$2.50$2.45$0.05
2019Detailed filing. Detailed filing data is available for this year.$1.21$0.01$1.20$2.70$2.76$0.05
2018Detailed filing. Detailed filing data is available for this year.$1.28$0.03$1.25$2.27$2.38$0.11
2017Detailed filing. Detailed filing data is available for this year.$1.38$0.02$1.36$2.57$2.56$0.01
2016Detailed filing. Detailed filing data is available for this year.$1.37$0.02$1.35$2.37$2.25$0.11
2015Detailed filing. Detailed filing data is available for this year.$1.26$0.02$1.24$2.85$2.64$0.21
2014Detailed filing. Detailed filing data is available for this year.$1.06$0.02$1.04$2.70$2.60$0.10
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.96$0.02$0.94$2.50
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.66$0.00$0.66$2.21
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.49$0.01$0.48$1.76