Civic Intelligence

Visit Oak Park

990 • Fiscal year 2017 • EIN 36-3919968

Jul 01, 2016 to Jun 30, 2017 • Filed on Dec 04, 2017

1010 Lake Street 402Oak Park, IL 60301

(708) 524-7800

Siviq Scores

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

Liabilities / Assets

73rd percentile

0.27x

Higher debt load relative to assets than 73% of similar nonprofits.

2017 filings • 501(c)6 • $500k-$1M nonprofits • Source year 2017

Liabilities / Revenue

51st percentile

0.07x

Higher debt load relative to revenue than 51% of similar nonprofits.

2017 filings • 501(c)6 • $500k-$1M nonprofits • Source year 2017

Net Margin

35th percentile

0.0%

Higher net margin than 35% of similar nonprofits.

2017 filings • 501(c)6 • $500k-$1M nonprofits • Source year 2017

Top Officer Pay

65th percentile

$91,706

Higher top officer pay than 65% of similar nonprofits.

Top officer pay equals 12.2% of source-year revenue.

2017 filings • 501(c)6 • $500k-$1M nonprofits • Source year 2017

Asset Growth

68th percentile

12%

Faster asset growth than 68% of similar nonprofits.

2017 filings • 501(c)6 • $500k-$1M nonprofits • Annualized from 2015 to 2017

Revenue Growth

95th percentile

61%

Faster revenue growth than 95% of similar nonprofits.

2017 filings • 501(c)6 • $500k-$1M nonprofits • Annualized from 2015 to 2017

Assets

Up

$185,036

Up $37,394 (+25%) from 2015

Net Assets

Up

$135,400

Up $235,930 (+235%) from 2015

Liabilities

Down

$49,636

Down $198,536 (-80%) from 2015

Revenue

Up

$749,373

Up $459,634 (+159%) from 2015

Expenses

Down

$749,203

Down $77,156 (-9.3%) from 2015

Net Income

Up

$170

Up $536,790 (+100%) from 2015

Historical Trend

Balance Sheet Trend

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

$600K$400K$200K$0-$200KAssets 2015: $147,642Liabilities 2015: $248,172Net Assets 2015: -$100,5302015Assets 2017: $185,036Liabilities 2017: $49,636Net Assets 2017: $135,4002017Assets 2018: $203,162Liabilities 2018: $26,572Net Assets 2018: $176,5902018Assets 2019: $131,477Liabilities 2019: $10,353Net Assets 2019: $121,1242019Assets 2021: $214,703Liabilities 2021: $61,130Net Assets 2021: $153,5732021Assets 2022: $249,703Liabilities 2022: $65,167Net Assets 2022: $184,5362022Assets 2023: $271,676Liabilities 2023: $178,937Net Assets 2023: $92,7392023Assets 2024: $513,619Liabilities 2024: $490,850Net Assets 2024: $22,7692024

Highlighted filing

2017

Assets$185,036
Liabilities$49,636
Net Assets$135,400

Operations Trend

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

$1.5M$1.0M$500K$0-$500K-$1.0MRevenue 2015: $289,739Expenses 2015: $826,359Net Income 2015: -$536,6202015Revenue 2017: $749,373Expenses 2017: $749,203Net Income 2017: $1702017Revenue 2018: $781,622Expenses 2018: $740,432Net Income 2018: $41,1902018Revenue 2019: $785,110Expenses 2019: $840,576Net Income 2019: -$55,4662019Revenue 2021: $406,623Expenses 2021: $297,426Net Income 2021: $109,1972021Revenue 2022: $764,570Expenses 2022: $733,607Net Income 2022: $30,9632022Revenue 2023: $1,189,180Expenses 2023: $1,280,977Net Income 2023: -$91,7972023Revenue 2024: $931,125Expenses 2024: $1,001,095Net Income 2024: -$69,9702024

Highlighted filing

2017

Revenue$749,373
Expenses$749,203
Net Income$170
Jump To
Filing Snapshot
Filing Period
Jul 1, 2016 to Jun 30, 2017
Signed
Dec 4, 2017
Return Version
2016v3.0
Gross Receipts
$870,365
Mission and Program Overview

Mission

The organization's mission is to promote the oak park area as a tourism destination.

The organization's mission is to promote the Oak Park area as a tourism destination. This includes the promotion of tourism and commerce through marketing, advertising and tour development for Oak Park and 20 neighboring communities.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$74,965$58,483▼ $16,482
Inventories for Sale or Use$56,911$45,926▼ $10,985
Land, Buildings, and Equipment, Net$55,130$30,627▼ $24,503
Accounts Receivable$3,060$2,795▼ $265
Savings and Temporary Cash Investments-$0-
Other Notes and Loans Receivable, Net-$0-
Pledges and Grants Receivable-$0-
Receivable From Disqualified Prsn-$0-
Receivables From Officers Etc-$0-
Investments Other Securities-$0-
Investments Program Related-$0-
Investments in Publicly Traded Securities-$0-
Intangible Assets-$0-
Prepaid Expenses and Deferred Charges-$0-
Total Assets$247,052$185,036▼ $62,016
Other Assets Total$56,986$47,205▼ $9,781
Liabilities
Accounts Payable and Accrued Expenses$67,848$25,533▼ $42,315
Mortgage Notes Payable Secured by Investment Property$34,972$17,410▼ $17,562
Other Liabilities$9,002$6,693▼ $2,309
Total Liabilities$111,822$49,636▼ $62,186
Net Assets / Fund Balance
Unrestricted Net Assets$135,230$135,400▲ $170
Total Net Assets Fund Balance$135,230$135,400▲ $170
Total Liabilities and Net Assets / Fund Balance$247,052$185,036▼ $62,016

Asset Categories

AssetBook ValueDepreciationBasis
Leasehold Improvements$22,718$3,245$25,963
Equipment$6,525$8,150$14,675
Other Land Buildings$1,384$8,967$10,351
Other Assets Org$40,951--
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseTotal
Sara BarnettPresident & CEOFT$91,706$91,706

Board Members and Trustees

Revenue and Support

Revenue Composition

Contributions and Grants
$706,947
Program Service Revenue
$12,238
Investment Income
$-18,955
Other Revenue
$49,143
Change in Net Assets
$170

Audited Revenue Reconciliation

Revenue per Audited Statements
$749,373
Revenue Not Reported on Form 990
$18,955
Total Revenue per Audited Statements
$768,328
Total Revenue per Form 990
$749,373
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$416,598
Salaries, Compensation, and Employee Benefits$332,605
Total Fundraising Expense$5,791
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Advertising$183,483--$183,483
Other Salaries and Wages$127,158$45,918$3,532$176,608
Occupancy$68,624$27,463-$96,087
Current Officers, Directors, Trustees, and Key Employees$66,515$24,020$1,848$92,383
Information Technology$33,823$14,478-$48,301
Other Employee Benefits$28,684$7,965-$36,649
Payroll Taxes$11,756$14,798$411$26,965
Office Expenses$2,438$15,167-$17,605
Conferences and Meetings$5,655$2,293-$7,948
Depreciation Depletion-$6,794-$6,794
Insurance-$6,686-$6,686
Travel$6,527--$6,527
Fees for Services Accounting-$5,548-$5,548
Fees for Services Other-$3,759-$3,759
Interest-$3,749-$3,749
Other Expenses$2,311$1,612-$2,311
Total Functional Expenses$563,162$180,250$5,791$749,203

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$768,158
Expenses per Audited Statements$749,203
Total Expenses per Form 990$749,203
Expenses Not Reported on Form 990$18,955
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
Lobbying activity
No
In-house lobbying only
Yes
Subject to proxy tax
Yes
Insider Transactions and Loans

Loans and Receivables

Line ItemBeginningEndChange
Receivables from Disqualified Persons-$0-
Receivables from Officers, Directors, Trustees, and Key Employees-$0-
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Defered Rent$6,693
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
Backup withholding compliance
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
Yes
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, Line 11B: Form 990 Review Process

The finance committee reviews and approves the 990 with the auditors before presentation to the entire Board of Directors. The Board of Directors also reviews the 990 and approves the 990 for submittal.

Form 990, Part VI, Line 12C: Explanation of Monitoring and Enforcement of Conflicts

Monitored by observation of the Board of Directors and President & CEO.

Form 990, Part VI, Line 15A: Compensation Review & Approval Process - CEO, Top Management

The Board of Directors determines the President & CEO compensation based on budget factors.

Form 990, Part VI, Line 15B: Compensation Review and Approval Process for Officers and Key Employees

The President & CEO along with the Board of Directors determine the other staff compensation based on budgetary constraints.

Form 990, Part VI, Line 19: Other Organization Documents Publicly Available

The documents are available upon request.

Filing and Contact Details

Filer

Filer Name
Visit Oak Park
EIN
36-3919968
Phone
7085247800
Address
1010 Lake Street 402, Oak Park, IL 60301

Signing Officer

Name
Sara Barnett
Title
President & CEO
Signed
2017-12-04
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Brad Bartels
Formed
1993
Legal Domicile
Il
Voting Board Members
14
Independent Board Members
13
Employees
9
Volunteers
11

Preparer

Firm
Knutte & Associates Pc
Address
7900 S CASS AVE STE 210, DARIEN, IL 60561-5066
Preparer
Joseph Knutte CPA
Phone
6309603317
Supplemental Narrative

Financial Statement Notes

Part XI, Line 2D: Other revenue amounts included in F/S but not included on form 990

$0 Loss on disposal of Fixed Assets $18955

Part XII, Line 2D: Other expenses and losses per audited F/S

Loss on Disposal of Fixed Assets $18955

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IRS990/MinutesOfCommitteesInd0true
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IRS990/MissionDesc0The organization's mission is to promote the Oak Park area as a tourism destination. This includes the promotion of tourism and commerce through marketing, advertising and tour development for Oak Park and 20 neighboring communities.
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IRS990/NetIncomeFromGamingGrp/TotalRevenueColumnAmt00
IRS990/NetIncomeOrLossGrp/RelatedOrExemptFuncIncomeAmt041634
IRS990/NetIncomeOrLossGrp/TotalRevenueColumnAmt041634
IRS990/NetRentalIncomeOrLossGrp/TotalRevenueColumnAmt00
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IRS990/OccupancyGrp/ManagementAndGeneralAmt027463
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IRS990/OfficeExpensesGrp/ProgramServicesAmt02438
IRS990/OfficeExpensesGrp/TotalAmt017605
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IRS990/OnBehalfOfIssuerInd0false
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IRS990/Organization501cInd0X
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IRS990/OtherAssetsTotalGrp/EOYAmt047205
IRS990/OtherEmployeeBenefitsGrp/ManagementAndGeneralAmt07965
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IRS990/OtherExpensesGrp/Desc0Tour Operations
IRS990/OtherExpensesGrp/Desc1UTILITIES
IRS990/OtherExpensesGrp/Desc2Market research
IRS990/OtherExpensesGrp/Desc3Visitor Center Operations
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IRS990/OtherExpensesGrp/ProgramServicesAmt010651
IRS990/OtherExpensesGrp/ProgramServicesAmt18537
IRS990/OtherExpensesGrp/ProgramServicesAmt27000
IRS990/OtherExpensesGrp/ProgramServicesAmt32311
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IRS990/OtherExpensesGrp/TotalAmt110149
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IRS990/PrincipalOfficerNm0Brad Bartels
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IRS990/ProgSrvcAccomActy2Grp/Desc0Visitor services included running a full time gift shop featuring both Oak Park area and Chicago specific merchandise, local artist goods on consignment and variety of Frank Lloyd Wright souvenirs. Tour services also included developing self guided tour programs that highlight Oak Park's attractions and internationally praised Frank Lloyd Wright architecture.
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IRS990/PYTotalExpensesAmt0316486
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IRS990/SavingsAndTempCashInvstGrp/EOYAmt00
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IRS990ScheduleB/ContributorInformationGrp/ContributorNum0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine10RESTRICTED
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IRS990ScheduleB/ContributorInformationGrp/TotalContributionsAmt0RESTRICTED
IRS990/ScheduleBRequiredInd0true
IRS990ScheduleC/AgreeCarryoverPriorYearInd0false
IRS990ScheduleC/Form1120POLFiledInd0false
IRS990ScheduleC/OnlyInHouseLobbyingInd0true
IRS990ScheduleC/SubstantiallyAllDuesNondedInd0false
IRS990ScheduleD/EquipmentGrp/BookValueAmt06525
IRS990ScheduleD/EquipmentGrp/DepreciationAmt08150
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt014675
IRS990ScheduleD/ExpensesNotReportedAmt018955
IRS990ScheduleD/ExpensesSubtotalAmt0749203
IRS990ScheduleD/LeaseholdImprovementsGrp/BookValueAmt022718
IRS990ScheduleD/LeaseholdImprovementsGrp/DepreciationAmt03245
IRS990ScheduleD/LeaseholdImprovementsGrp/OtherCostOrOtherBasisAmt025963
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt06254
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt140951
IRS990ScheduleD/OtherAssetsOrgGrp/Desc0DEPOSIT
IRS990ScheduleD/OtherAssetsOrgGrp/Desc1PREPAID SUPPLIES
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IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt010351
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt06693
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0Defered Rent
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