Civic Intelligence

Tc Convention & Visitor'S Bureau

990 • Fiscal year 2016 • EIN 38-2582585

Jan 01, 2016 to Dec 31, 2016 • Filed on Sep 07, 2018

101 W Grandview PrkwyTraverse City, MI 49684

(231) 947-1120

Siviq Scores

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

Liabilities / Assets

25th percentile

0.09x

Higher debt load relative to assets than 25% of similar nonprofits.

2016 filings • 501(c)6 • $5M-$10M nonprofits • Source year 2016

Liabilities / Revenue

11th percentile

0.04x

Higher debt load relative to revenue than 11% of similar nonprofits.

2016 filings • 501(c)6 • $5M-$10M nonprofits • Source year 2016

Net Margin

24th percentile

-1.8%

Higher net margin than 24% of similar nonprofits.

2016 filings • 501(c)6 • $5M-$10M nonprofits • Source year 2016

Top Officer Pay

13th percentile

$68,073

Higher top officer pay than 13% of similar nonprofits.

Top officer pay equals 1.1% of source-year revenue.

2016 filings • 501(c)6 • $5M-$10M nonprofits • Source year 2016

Asset Growth

27th percentile

-2.1%

Faster asset growth than 27% of similar nonprofits.

2016 filings • 501(c)6 • $5M-$10M nonprofits • Annualized from 2015 to 2016

Revenue Growth

58th percentile

4.6%

Faster revenue growth than 58% of similar nonprofits.

2016 filings • 501(c)6 • $5M-$10M nonprofits • Annualized from 2015 to 2016

Assets

Down

$2,465,653

Down $180,757 (-6.8%) from 2015

Net Assets

Down

$2,238,185

Down $236,287 (-9.5%) from 2015

Liabilities

Up

$227,468

Up $55,530 (+32%) from 2015

Revenue

Up

$6,057,695

Up $138,918 (+2.3%) from 2015

Expenses

Up

$6,165,415

Up $632,264 (+11%) from 2015

Net Income

Down

-$107,720

Down $493,346 (-128%) from 2015

Historical Trend

Balance Sheet Trend

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

$15M$10M$5.0M$0Assets 2010: $844,869Liabilities 2010: $41,618Net Assets 2010: $803,2512010Assets 2011: $2,004,790Liabilities 2011: $236,745Net Assets 2011: $1,768,0452011Assets 2012: $2,243,510Liabilities 2012: $250,104Net Assets 2012: $1,993,4062012Assets 2013: $2,348,211Liabilities 2013: $202,398Net Assets 2013: $2,145,8132013Assets 2014: $2,354,919Liabilities 2014: $266,073Net Assets 2014: $2,088,8462014Assets 2015: $2,646,410Liabilities 2015: $171,938Net Assets 2015: $2,474,4722015Assets 2016: $2,465,653Liabilities 2016: $227,468Net Assets 2016: $2,238,1852016Assets 2017: $3,764,126Liabilities 2017: $959,410Net Assets 2017: $2,804,7162017Assets 2018: $3,602,677Liabilities 2018: $608,245Net Assets 2018: $2,994,4322018Assets 2019: $3,899,450Liabilities 2019: $680,912Net Assets 2019: $3,218,5382019Assets 2020: $5,013,208Liabilities 2020: $649,214Net Assets 2020: $4,363,9942020Assets 2021: $7,299,962Liabilities 2021: $871,820Net Assets 2021: $6,428,1422021Assets 2022: $7,738,667Liabilities 2022: $819,127Net Assets 2022: $6,919,5402022Assets 2023: $9,224,633Liabilities 2023: $845,125Net Assets 2023: $8,379,5082023Assets 2024: $10,597,087Liabilities 2024: $555,811Net Assets 2024: $10,041,2762024

Highlighted filing

2016

Assets$2,465,653
Liabilities$227,468
Net Assets$2,238,185

Operations Trend

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

$15M$10M$5.0M$0-$5.0MExpenses 2010: $1,973,1402010Expenses 2011: $3,272,1622011Expenses 2012: $4,764,3052012Revenue 2013: $5,212,592Expenses 2013: $5,060,185Net Income 2013: $152,4072013Revenue 2014: $5,371,332Expenses 2014: $5,428,299Net Income 2014: -$56,9672014Revenue 2015: $5,918,777Expenses 2015: $5,533,151Net Income 2015: $385,6262015Revenue 2016: $6,057,695Expenses 2016: $6,165,415Net Income 2016: -$107,7202016Revenue 2017: $6,487,001Expenses 2017: $6,177,604Net Income 2017: $309,3972017Revenue 2018: $6,805,823Expenses 2018: $6,614,377Net Income 2018: $191,4462018Revenue 2019: $6,913,658Expenses 2019: $6,689,552Net Income 2019: $224,1062019Revenue 2020: $6,445,728Expenses 2020: $5,300,272Net Income 2020: $1,145,4562020Revenue 2021: $8,523,072Expenses 2021: $6,458,924Net Income 2021: $2,064,1482021Revenue 2022: $9,459,877Expenses 2022: $8,968,479Net Income 2022: $491,3982022Revenue 2023: $10,750,676Expenses 2023: $9,290,708Net Income 2023: $1,459,9682023Revenue 2024: $12,638,310Expenses 2024: $10,977,694Net Income 2024: $1,660,6162024

Highlighted filing

2016

Revenue$6,057,695
Expenses$6,165,415
Net Income-$107,720
Jump To
Filing Snapshot
Filing Period
Jan 1, 2016 to Dec 31, 2016
Signed
Sep 7, 2018
Return Version
2016v3.1
Gross Receipts
$6,186,262
Mission and Program Overview

Mission

To serve as the destination's principal marketing resource, stimulating economic growth through convention business and leisure tourism development with respect for our community and environment

Balance Sheet Detail
LineBeginningEndChange
Assets
Savings and Temporary Cash Investments$2,000,306$1,552,200▼ $448,106
Cash and Non-Interest-Bearing Accounts$294,979$534,212▲ $239,233
Accounts Receivable$147,383$309,676▲ $162,293
Other Notes and Loans Receivable, Net$128,567$257,157▲ $128,590
Prepaid Expenses and Deferred Charges$45,072$50,493▲ $5,421
Land, Buildings, and Equipment, Net$30,103$19,049▼ $11,054
Total Assets$2,646,410$2,722,787▲ $76,377
Liabilities
Accounts Payable and Accrued Expenses$171,938$227,468▲ $55,530
Total Liabilities$171,938$227,468▲ $55,530
Net Assets / Fund Balance
Unrestricted Net Assets$2,474,472$2,495,319▲ $20,847
Total Net Assets Fund Balance$2,474,472$2,495,319▲ $20,847
Total Liabilities and Net Assets / Fund Balance$2,646,410$2,722,787▲ $76,377

Asset Categories

AssetBook ValueDepreciationBasis
Other Land Buildings$2,657$74,365$77,022
Equipment$12,550$54,081$66,631
Leasehold Improvements$3,842$4,355$8,197
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Bradley Van DommelenImmediate PaFT$59,652$8,421$68,073
Bradley Van DommelenImmediate Past Chair-$37,714$30,359$68,073
Trevor TkachExecutive DiFT$40,223$4,256$44,479

Board Members and Trustees

NameTitle
Justin MortierChairman
Fritz HellerVice Chairma
Amy ParkerDirector
Carolyn OlsonDirector
Charles RoblesDirector
Chris BallouDirector
Dave DenisonDirector
Jason HomaDirector
Jonathan PackDirector
Kent WoodDirector
Kevin KleinDirector
Melanie OlsenDirector
Pete BigfordDirector
Ron RobinsonDirector
Tori PiersnteDirector
Rob RodenrothSecretary/tr
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$6,169,398
Investment Income
$2,422
Other Revenue
$14,442
Change in Net Assets
$20,847
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$4,914,424
Salaries, Compensation, and Employee Benefits$1,208,596
Grants and Similar Amounts Paid$42,395
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Advertising---$4,003,085
Other Salaries and Wages---$1,013,493
Information Technology---$235,935
Office Expenses---$206,214
Occupancy---$142,611
Other Employee Benefits---$95,756
All Other Expenses---$83,330
Payroll Taxes---$79,488
Conferences and Meetings---$47,749
Grants to Domestic Orgs---$42,395
Fees for Services Accounting---$20,781
Pension Plan Contributions---$19,859
Other Expenses---$19,755
Depreciation Depletion---$15,666
Insurance---$10,143
Travel---$4,834
Fees for Services Legal---$4,753
Fees for Services Other---$2,915
Total Functional Expenses$0$0$0$6,165,415
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
Tccvb Education FoundationTraverse City, MI501c3Fund Operations$42,395
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
Yes
Audit committee
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
Yes
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Page 6, Part VI, Line 6

Membership of the visitors bureau consists of area businesses that operate within the local tourism industry

Form 990, Page 6, Part VI, Line 7A

The visitors bureau consists of business members that elect from among themselves individuals to participate on the board of directors

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

Form 990 is reviewed by the executive director when presented by the bureau's auditing and tax preparation firm and made available to members of the board upon request

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

Conflicts of interest are reviewed annually as well as on an as needed basis during a regularly scheduled meeting of the governing board

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

Upon the completion of each year, the board of directors selects a compensation review committee that evaluates the organization's performance, as determined by the audited financial statements, against the goals and financial objectives as defined by the board. The results of this evaluation help determine the compensation of the executive director.

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

The board approves the annual operating budget which includes a review of staff compensation costs. For staff positions, the executive director evaluates compensation in comparison with information provided by "destination marketing association international- and the "michigan association of convention and visitors bureaus".

Form 990, Page 6, Part VI, Line 19

No documents available to the public

Filing and Contact Details

Filer

Filer Name
TC CONVENTION & VISITOR'S BUREAU
EIN
38-2582585
Phone
2319471120
Address
101 W GRANDVIEW PRKWY, TRAVERSE CITY, MI 49684
Doing Business As
Traverse City Tourism Corporation

Signing Officer

Name
Rob Rodenroth
Title
Secretary/treasurer
Phone
2319471120
Signed
2018-09-07
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Rob Rodenroth
Formed
1984
Legal Domicile
Mi
Voting Board Members
19
Independent Board Members
19
Employees
18
Volunteers
8

Preparer

Firm
Vdl Certified Public Accountants Pc
Address
1240 E 8TH ST, TRAVERSE CITY, MI 49686-2939
Preparer
Jeffrey a Wood CPA
Phone
2319351590
Supplemental Narrative

Additional Explanations

Form 990, Page 1, Item B

Original return did not report management fee income from related entity

Form 990, Page 2, Part III, Line 4A

In an effort to build our shoulder and off-season time periods we balanced our advertising spend throughout the year spending 19 percent of our budget for winter promotion, a combined 57 percent for spring and fall shoulder seasons and 24 percent for the summer season. We also directed 69 percent of our marketing spend to out-of-state markets to support our objective to grow our non-michigan based business. Tct also participated in a number of consumer tradeshows throughout the year including: novi golf show chicago travel and adventure show grand rapids golf showrock'n roll marathon chicago west michigan women's expochicago golf show in addition we partnered with the west michigan tourist association (wmta) at additional consumer shows where they distributed our traverse city marketing materials. In the international market, collaborated with travel michigan and great lakes usa on marketing materials, trade shows and sales missions. Tct also is very active with public relations efforts. We regularly send press releases about new destination information to the travel media as well as produce feature length stories that we allow travel media to use in whole or in part for destination stories. Throughout 2016 we also hosted 57 travel writers in the destination to allow them a first-hand destination experience and distributed 20 feature stories and 17 press releases about traverse city information.

Form 990, Page 2, Part III, Line 4B

Destination michigan showcaseluxury meetings summit american bus associationorg pro asae annualconnect sports pure mi sports sales missionteams holiday showcase

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IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt170
IRS990/Form990PartVIISectionAGrp/TitleTxt0DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt1DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt2DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt3VICE CHAIRMA
IRS990/Form990PartVIISectionAGrp/TitleTxt4DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt5DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt6DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt7DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt8DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt9DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt10DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt11DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt12DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt13DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt14EXECUTIVE DI
IRS990/Form990PartVIISectionAGrp/TitleTxt15CHAIRMAN
IRS990/Form990PartVIISectionAGrp/TitleTxt16SECRETARY/TR
IRS990/Form990PartVIISectionAGrp/TitleTxt17IMMEDIATE PA
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IRS990/MissionDesc0TO SERVE AS THE DESTINATION'S PRINCIPAL MARKETING RESOURCE, STIMULATING ECONOMIC GROWTH THROUGH CONVENTION BUSINESS AND LEISURE TOURISM DEVELOPMENT WITH RESPECT FOR OUR COMMUNITY AND ENVIRONMENT
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IRS990/OtherExpensesGrp/Desc1DUES AND SUBSCRIPTIONS
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IRS990/OtherExpensesGrp/Desc3SALES REPRESENTATION
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IRS990/OtherExpensesGrp/TotalAmt143267
IRS990/OtherExpensesGrp/TotalAmt222919
IRS990/OtherExpensesGrp/TotalAmt319755
IRS990/OtherRevenueMiscGrp/BusinessCd0541900
IRS990/OtherRevenueMiscGrp/Desc0MISCELLANEOUS INCOME
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IRS990/PrincipalOfficerNm0ROB RODENROTH
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IRS990/ProgramServiceRevenueGrp/Desc0MEMBER ASSESSMENTS
IRS990/ProgramServiceRevenueGrp/Desc1T.C. AREA GUIDE & BROCHURE
IRS990/ProgramServiceRevenueGrp/Desc2MANAGEMENT FEE INCOME
IRS990/ProgramServiceRevenueGrp/Desc3ONLINE RESERVATION COMMISSION
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IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt315999
IRS990/ProgramServiceRevenueGrp/UnrelatedBusinessRevenueAmt0268201
IRS990/ProgramServiceRevenueGrp/UnrelatedBusinessRevenueAmt115999
IRS990/ProgSrvcAccomActy2Grp/Desc0IN 2016 TCT ALSO ENGAGED IN SOME ADVERTISING IN MEETINGS TRADE PUBLICATIONS SPECIFICALLY ONES THAT TARGET OUR STATE ASSOCIATION MARKET. IN ADDITION TO THE CONSUMER SHOWS LISTED ABOVE, TCT ALSO PARTICIPATED IN A NUMBER OF TRADE SHOWS TO ATTRACT THE MEETINGS MARKET TO OUR DESTINATION. THESE 2016 SHOWS INCLUDED: SGMP ANNUAL EDUCATION CONF.MICHIGAN MEETING PROFESSIONALS INT'L SGMP ANNUAL MEETINGCIRCLE MICHIGAN NAT'L ASSOC. SPORTS COMMISSIONSIMEX PCMA ANNUAL MEETINGMICHIGAN MEETINGS EXPO DESTINATION MICHIGAN SHOWCASELUXURY MEETINGS SUMMIT AMERICAN BUS ASSOCIATIONORG PRO ASAE ANNUALCONNECT SPORTS PURE MI SPORTS SALES MISSIONTEAMS HOLIDAY SHOWCASE
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IRS990/PYTotalExpensesAmt05533151
IRS990/PYTotalRevenueAmt05918777
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IRS990ScheduleD/EquipmentGrp/BookValueAmt012550
IRS990ScheduleD/EquipmentGrp/DepreciationAmt054081
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt066631
IRS990ScheduleD/LeaseholdImprovementsGrp/BookValueAmt03842
IRS990ScheduleD/LeaseholdImprovementsGrp/DepreciationAmt04355
IRS990ScheduleD/LeaseholdImprovementsGrp/OtherCostOrOtherBasisAmt08197
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt02657
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt074365
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt077022
IRS990ScheduleD/TotalBookValueLandBuildingsAmt019049
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IRS990ScheduleI/RecipientTable/CashGrantAmt042395
IRS990ScheduleI/RecipientTable/IRCSectionDesc0501C3
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt0FUND OPERATIONS
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt0TCCVB EDUCATION FOUNDATION
IRS990ScheduleI/RecipientTable/RecipientEIN0383223846
IRS990ScheduleI/RecipientTable/USAddress/AddressLine1Txt0101 W GRANDVIEW PRKWY
IRS990ScheduleI/RecipientTable/USAddress/CityNm0TRAVERSE CITY
IRS990ScheduleI/RecipientTable/USAddress/StateAbbreviationCd0MI
IRS990ScheduleI/RecipientTable/USAddress/ZIPCd049684
IRS990ScheduleI/SupplementalInformationDetail/ExplanationTxt0GRANTS FOR YEAR 2016 WERE PAID TO A RELATED ORGANIZATION UNDER COMMON CONTROL; THEREFORE, MONITORING THE USE OF GRANT FUNDS IS ACCOMPLISHED THROUGH THE ORGANIZATIONS' COMMON BOARD OF DIRECTORS
IRS990ScheduleI/SupplementalInformationDetail/FormAndLineReferenceDesc0SCHEDULE I, PAGE 1, PART I, LINE 2
IRS990ScheduleJ/BoardOrCommitteeApprovalInd0X
IRS990ScheduleJ/CompensationCommitteeInd0X
IRS990ScheduleJ/EquityBasedCompArrngmInd0false
IRS990/ScheduleJRequiredInd0true
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BaseCompensationFilingOrgAmt037714
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusFilingOrganizationAmount020000
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompensationFlngOrgAmt05100
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsFilingOrgAmt03321
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/OtherCompensationFilingOrgAmt01938
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm0BRADLEY VAN DOMMELEN
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TitleTxt0IMMEDIATE PAST CHAIR
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationFilingOrgAmt068073
IRS990ScheduleJ/SeverancePaymentInd0false
IRS990ScheduleJ/SupplementalNonqualRtrPlanInd0false
IRS990ScheduleJ/WrittenEmploymentContractInd0X
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0ORIGINAL RETURN DID NOT REPORT MANAGEMENT FEE INCOME FROM RELATED ENTITY
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1IN AN EFFORT TO BUILD OUR SHOULDER AND OFF-SEASON TIME PERIODS WE BALANCED OUR ADVERTISING SPEND THROUGHOUT THE YEAR SPENDING 19 PERCENT OF OUR BUDGET FOR WINTER PROMOTION, A COMBINED 57 PERCENT FOR SPRING AND FALL SHOULDER SEASONS AND 24 PERCENT FOR THE SUMMER SEASON. WE ALSO DIRECTED 69 PERCENT OF OUR MARKETING SPEND TO OUT-OF-STATE MARKETS TO SUPPORT OUR OBJECTIVE TO GROW OUR NON-MICHIGAN BASED BUSINESS. TCT ALSO PARTICIPATED IN A NUMBER OF CONSUMER TRADESHOWS THROUGHOUT THE YEAR INCLUDING: NOVI GOLF SHOW CHICAGO TRAVEL AND ADVENTURE SHOW GRAND RAPIDS GOLF SHOWROCK'N ROLL MARATHON CHICAGO WEST MICHIGAN WOMEN'S EXPOCHICAGO GOLF SHOW IN ADDITION WE PARTNERED WITH THE WEST MICHIGAN TOURIST ASSOCIATION (WMTA) AT ADDITIONAL CONSUMER SHOWS WHERE THEY DISTRIBUTED OUR TRAVERSE CITY MARKETING MATERIALS. IN THE INTERNATIONAL MARKET, COLLABORATED WITH TRAVEL MICHIGAN AND GREAT LAKES USA ON MARKETING MATERIALS, TRADE SHOWS AND SALES MISSIONS. TCT ALSO IS VERY ACTIVE WITH PUBLIC RELATIONS EFFORTS. WE REGULARLY SEND PRESS RELEASES ABOUT NEW DESTINATION INFORMATION TO THE TRAVEL MEDIA AS WELL AS PRODUCE FEATURE LENGTH STORIES THAT WE ALLOW TRAVEL MEDIA TO USE IN WHOLE OR IN PART FOR DESTINATION STORIES. THROUGHOUT 2016 WE ALSO HOSTED 57 TRAVEL WRITERS IN THE DESTINATION TO ALLOW THEM A FIRST-HAND DESTINATION EXPERIENCE AND DISTRIBUTED 20 FEATURE STORIES AND 17 PRESS RELEASES ABOUT TRAVERSE CITY INFORMATION.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2DESTINATION MICHIGAN SHOWCASELUXURY MEETINGS SUMMIT AMERICAN BUS ASSOCIATIONORG PRO ASAE ANNUALCONNECT SPORTS PURE MI SPORTS SALES MISSIONTEAMS HOLIDAY SHOWCASE
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3MEMBERSHIP OF THE VISITORS BUREAU CONSISTS OF AREA BUSINESSES THAT OPERATE WITHIN THE LOCAL TOURISM INDUSTRY
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4THE VISITORS BUREAU CONSISTS OF BUSINESS MEMBERS THAT ELECT FROM AMONG THEMSELVES INDIVIDUALS TO PARTICIPATE ON THE BOARD OF DIRECTORS
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5FORM 990 IS REVIEWED BY THE EXECUTIVE DIRECTOR WHEN PRESENTED BY THE BUREAU'S AUDITING AND TAX PREPARATION FIRM AND MADE AVAILABLE TO MEMBERS OF THE BOARD UPON REQUEST
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6CONFLICTS OF INTEREST ARE REVIEWED ANNUALLY AS WELL AS ON AN AS NEEDED BASIS DURING A REGULARLY SCHEDULED MEETING OF THE GOVERNING BOARD
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt7UPON THE COMPLETION OF EACH YEAR, THE BOARD OF DIRECTORS SELECTS A COMPENSATION REVIEW COMMITTEE THAT EVALUATES THE ORGANIZATION'S PERFORMANCE, AS DETERMINED BY THE AUDITED FINANCIAL STATEMENTS, AGAINST THE GOALS AND FINANCIAL OBJECTIVES AS DEFINED BY THE BOARD. THE RESULTS OF THIS EVALUATION HELP DETERMINE THE COMPENSATION OF THE EXECUTIVE DIRECTOR.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt8THE BOARD APPROVES THE ANNUAL OPERATING BUDGET WHICH INCLUDES A REVIEW OF STAFF COMPENSATION COSTS. FOR STAFF POSITIONS, THE EXECUTIVE DIRECTOR EVALUATES COMPENSATION IN COMPARISON WITH INFORMATION PROVIDED BY "DESTINATION MARKETING ASSOCIATION INTERNATIONAL- AND THE "MICHIGAN ASSOCIATION OF CONVENTION AND VISITORS BUREAUS".
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt9NO DOCUMENTS AVAILABLE TO THE PUBLIC
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PAGE 1, ITEM B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PAGE 2, PART III, LINE 4A
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PAGE 2, PART III, LINE 4B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PAGE 6, PART VI, LINE 6
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PAGE 6, PART VI, LINE 7A
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5FORM 990, PAGE 6, PART VI, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc6FORM 990, PAGE 6, PART VI, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc7FORM 990, PAGE 6, PART VI, LINE 15A
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc8FORM 990, PAGE 6, PART VI, LINE 15B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc9FORM 990, PAGE 6, PART VI, LINE 19
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IRS990ScheduleR/AssetSaleToOtherOrgInd0false
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IRS990ScheduleR/GiftGrntOrCapContriToOthOrgInd0false
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IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DirectControllingEntityName/BusinessNameLine1Txt0FILING ORG
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine1Txt0TCC&VB EDUCATION FOUNDATION
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IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/LegalDomicileStateCd0MI
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PrimaryActivitiesTxt0EDUCATION
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IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/AddressLine1Txt0101 WEST GRANDVIEW PARKWAY
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/CityNm0TRAVERSE CITY
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/StateAbbreviationCd0MI
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/ZIPCd049684
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IRS990ScheduleR/PerformOfServicesForOthOrgInd0false
IRS990ScheduleR/ReceiptOfIntAnntsRntsRyltsInd0false
IRS990ScheduleR/ReimbursementPaidByOtherOrgInd0false
IRS990ScheduleR/ReimbursementPaidToOtherOrgInd0false
IRS990ScheduleR/RentalOfFacilitiesToOthOrgInd0false
IRS990ScheduleR/RentalOfFcltsFromOthOrgInd0true
IRS990ScheduleR/SharingOfFacilitiesInd0false
IRS990ScheduleR/TransactionsRelatedOrgGrp/InvolvedAmt083865
IRS990ScheduleR/TransactionsRelatedOrgGrp/InvolvedAmt1128567
IRS990ScheduleR/TransactionsRelatedOrgGrp/MethodOfAmountDeterminationTxt0LEASE AGREEMENT
IRS990ScheduleR/TransactionsRelatedOrgGrp/MethodOfAmountDeterminationTxt1COST ACCOUNTING

Document Assets

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Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$10.6$0.56$10.0$12.6$11.0$1.66
2023Detailed filing. Detailed filing data is available for this year.$9.22$0.85$8.38$10.8$9.29$1.46
2022Detailed filing. Detailed filing data is available for this year.$7.74$0.82$6.92$9.46$8.97$0.49
2021Detailed filing. Detailed filing data is available for this year.$7.30$0.87$6.43$8.52$6.46$2.06
2020Detailed filing. Detailed filing data is available for this year.$5.01$0.65$4.36$6.45$5.30$1.15
2019Detailed filing. Detailed filing data is available for this year.$3.90$0.68$3.22$6.91$6.69$0.22
2018Detailed filing. Detailed filing data is available for this year.$3.60$0.61$2.99$6.81$6.61$0.19
2017Detailed filing. Detailed filing data is available for this year.$3.76$0.96$2.80$6.49$6.18$0.31
2016Detailed filing. Detailed filing data is available for this year.$2.47$0.23$2.24$6.06$6.17$0.11
2015Detailed filing. Detailed filing data is available for this year.$2.65$0.17$2.47$5.92$5.53$0.39
2014Detailed filing. Detailed filing data is available for this year.$2.35$0.27$2.09$5.37$5.43$0.06
2013Detailed filing. Detailed filing data is available for this year.$2.35$0.20$2.15$5.21$5.06$0.15
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$2.24$0.25$1.99$4.76
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$2.00$0.24$1.77$3.27
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.84$0.04$0.80$1.97