Civic Intelligence

Tc Convention & Visitor'S Bureau

990 • Fiscal year 2017 • EIN 38-2582585

Jan 01, 2017 to Dec 31, 2017 • 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

53rd percentile

0.25x

Higher debt load relative to assets than 53% of similar nonprofits.

2017 filings • 501(c)6 • $5M-$10M nonprofits • Source year 2017

Liabilities / Revenue

30th percentile

0.15x

Higher debt load relative to revenue than 30% of similar nonprofits.

2017 filings • 501(c)6 • $5M-$10M nonprofits • Source year 2017

Net Margin

52nd percentile

4.8%

Higher net margin than 52% of similar nonprofits.

2017 filings • 501(c)6 • $5M-$10M nonprofits • Source year 2017

Top Officer Pay

23rd percentile

$165,510

Higher top officer pay than 23% of similar nonprofits.

Top officer pay equals 2.6% of source-year revenue.

2017 filings • 501(c)6 • $5M-$10M nonprofits • Source year 2017

Asset Growth

95th percentile

53%

Faster asset growth than 95% of similar nonprofits.

2017 filings • 501(c)6 • $5M-$10M nonprofits • Annualized from 2016 to 2017

Revenue Growth

63rd percentile

7.1%

Faster revenue growth than 63% of similar nonprofits.

2017 filings • 501(c)6 • $5M-$10M nonprofits • Annualized from 2016 to 2017

Assets

Up

$3,764,126

Up $1,041,339 (+38%) from 2016

Net Assets

Up

$2,804,716

Up $309,397 (+12%) from 2016

Liabilities

Up

$959,410

Up $731,942 (+322%) from 2016

Revenue

Up

$6,487,001

Up $300,739 (+4.9%) from 2016

Expenses

Up

$6,177,604

Up $12,189 (+0.2%) from 2016

Net Income

Up

$309,397

Up $288,550 (+1384%) from 2016

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: $2,722,787Liabilities 2016: $227,468Net Assets 2016: $2,495,3192016Assets 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

2017

Assets$3,764,126
Liabilities$959,410
Net Assets$2,804,716

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: $6,186,262Expenses 2016: $6,165,415Net Income 2016: $20,8472016Revenue 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

2017

Revenue$6,487,001
Expenses$6,177,604
Net Income$309,397
Jump To
Filing Snapshot
Filing Period
Jan 1, 2017 to Dec 31, 2017
Signed
Sep 7, 2018
Return Version
2017v2.3
Gross Receipts
$6,487,001
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
Cash and Non-Interest-Bearing Accounts$534,212$2,388,409▲ $1,854,197
Savings and Temporary Cash Investments$1,552,200--
Other Notes and Loans Receivable, Net$257,157$744,449▲ $487,292
Accounts Receivable$309,676$549,791▲ $240,115
Prepaid Expenses and Deferred Charges$50,493$53,974▲ $3,481
Land, Buildings, and Equipment, Net$19,049$27,503▲ $8,454
Total Assets$2,722,787$3,764,126▲ $1,041,339
Liabilities
Accounts Payable and Accrued Expenses$227,468$959,410▲ $731,942
Total Liabilities$227,468$959,410▲ $731,942
Net Assets / Fund Balance
Unrestricted Net Assets$2,495,319$2,804,716▲ $309,397
Total Net Assets Fund Balance$2,495,319$2,804,716▲ $309,397
Total Liabilities and Net Assets / Fund Balance$2,722,787$3,764,126▲ $1,041,339

Asset Categories

AssetBook ValueDepreciationBasis
Other Land Buildings$14,178$71,866$86,044
Equipment$9,694$58,491$68,185
Leasehold Improvements$3,631$4,566$8,197
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Trevor TkachExecutive DiFT$146,738$18,772$165,510
Trevor TkachExecutive Director-$126,738$38,772$165,510

Board Members and Trustees

NameTitle
Fritz HellerChairman
Jonathan PackVice Chairma
Bridget HawksDirector
Carolyn OlsonDirector
Chris BallouDirector
Dave DenisonDirector
Jason HomaDirector
Kent WoodDirector
Kevin KleinDirector
Melanie OlsenDirector
Pete BigfordDirector
Ron RobinsonDirector
Terry SchieberDirector
Timothy NormanDirector
Rob RodenrothSecretary/tr
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$6,465,764
Investment Income
$10,871
Other Revenue
$10,366
Change in Net Assets
$309,397
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$4,871,846
Salaries, Compensation, and Employee Benefits$1,090,668
Grants and Similar Amounts Paid$215,090
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Advertising---$3,897,292
Other Salaries and Wages---$901,969
Grants to Domestic Orgs---$215,090
Office Expenses---$204,110
Information Technology---$138,352
Occupancy---$136,749
Fees for Services Other---$114,302
All Other Expenses---$96,150
Other Employee Benefits---$92,425
Payroll Taxes---$73,483
Conferences and Meetings---$67,528
Other Expenses---$33,333
Pension Plan Contributions---$22,791
Travel---$13,918
Fees for Services Accounting---$13,245
Depreciation Depletion---$11,412
Insurance---$7,426
Fees for Services Legal---$4,380
Total Functional Expenses$0$0$0$6,177,604
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
Centre Ice ArenaTraverse City, MI501c3Arena Boards$110,000
Tccvb Education FoundationTraverse City, MI501c3Fund Operations$80,090
Gt Regional Land ConservancyTraverse City, MI501c3Donation$25,000
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
18
Independent Board Members
18
Employees
18
Volunteers
6

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 2, Part III, Line 4A

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 67 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: fifth third riverbank run chicago travel and adventure show ann arbor - dexter marathon rock'n roll marathon chicago grand rapids international wine, beer & food festival 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 is also very active with public relations efforts. We regularly send press releases about new destination information to the travel media, as well as visit markets for radio, broadcast, print and digital interviews and promotions. Throughout 2017, we also hosted 69 travel writers in the destination to allow them a first-hand destination experience, distributed 16 press releases about traverse city information, and appeared in at least 96 occasions of various broadcast.

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

22 percent increase over 2016. Tct also hosted 43 site inspections for future group business in 2017. Our visitor center assisted more than 47,000 visitors in 2017, offering assistance with information on things to see and do while in the traverse city area. This includes assisting in making lodging reservations. Tct produces a variety of marketing collateral pieces to promote our destination with the primary marketing tool being our annual traverse city area guide. In 2017 we produced and distributed 300,000 of these magazines to consumers interested in receiving information about the traverse city area.

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IRS990/Form990PartVIISectionAGrp/TitleTxt10DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt11DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt12EXECUTIVE DI
IRS990/Form990PartVIISectionAGrp/TitleTxt13CHAIRMAN
IRS990/Form990PartVIISectionAGrp/TitleTxt14VICE CHAIRMA
IRS990/Form990PartVIISectionAGrp/TitleTxt15SECRETARY/TR
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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/Desc3DUES AND SUBSCRIPTIONS
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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/UnrelatedBusinessRevenueAmt0271897
IRS990/ProgramServiceRevenueGrp/UnrelatedBusinessRevenueAmt129578
IRS990/ProgSrvcAccomActy2Grp/Desc0THE TCT WEBSITE IS THE PRIMARY "CALL TO ACTION" IN OUR ADVERTISING AND PROMOTION EFFORTS. IN 2017, WE HAD 1,634,201 WEB VISITS, AN INCREASE OF 3.31 PERCENT IN WEB TRAFFIC TO OUR TRAVERSECITY.COM WEBSITE OVER 2016 AS RECORDED BY GOOGLE ANALYTICS. OUR TOP FIVE MARKETS THAT GENERATED WEB TRAFFIC FOR 2017 WERE MICHIGAN, ILLINOIS, OHIO, INDIANA AND NEW YORK. IN ADDITION TO THE WEB TRAFFIC RESULTS, THE LODGING ASSESSMENTS COLLECTED BY TCT IN 2017, WHICH IS A GAUGE OF OVERALL MARKET LODGING REVENUES, INCREASED BY 4.85 PERCENT OVER 2016. IN OUR GROUP SALES EFFORTS, TCT GENERATED 304 GROUP LEADS FOR OUR MEMBER LODGING PROPERTIES IN 2017. THESE LEADS REPRESENTED 73,694 ROOM NIGHTS, A 22 PERCENT INCREASE OVER 2016. TCT ALSO HOSTED 43 SITE INSPECTIONS FOR FUTURE GROUP BUSINESS IN 2017. OUR VISITOR CENTER ASSISTED MORE THAN 47,000 VISITORS IN 2017, OFFERING ASSISTANCE WITH INFORMATION ON THINGS TO SEE AND DO WHILE IN THE TRAVERSE CITY AREA. THIS INCLUDES ASSISTING IN MAKING LODGING RESERVATIONS. TCT PRODUCES A VARIETY OF MARKETING COLLATERAL PIECES TO PROMOTE OUR DESTINATION WITH THE PRIMARY MARKETING TOOL BEING OUR ANNUAL TRAVERSE CITY AREA GUIDE. IN 2017 WE PRODUCED AND DISTRIBUTED 300,000 OF THESE MAGAZINES TO CONSUMERS INTERESTED IN RECEIVING INFORMATION ABOUT THE TRAVERSE CITY AREA.
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IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt0FUND OPERATIONS
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt1ARENA BOARDS
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt2DONATION
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt0TCCVB EDUCATION FOUNDATION
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt1CENTRE ICE ARENA
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt2GT REGIONAL LAND CONSERVANCY
IRS990ScheduleI/RecipientTable/RecipientEIN0383223846
IRS990ScheduleI/RecipientTable/RecipientEIN1382430506
IRS990ScheduleI/RecipientTable/RecipientEIN2382994229
IRS990ScheduleI/RecipientTable/USAddress/AddressLine1Txt0101 W GRANDVIEW PRKWY
IRS990ScheduleI/RecipientTable/USAddress/AddressLine1Txt11600 CHARTWELL DRIVE
IRS990ScheduleI/RecipientTable/USAddress/AddressLine1Txt23860 N LONG LAKE ROAD STE D
IRS990ScheduleI/RecipientTable/USAddress/CityNm0TRAVERSE CITY
IRS990ScheduleI/RecipientTable/USAddress/CityNm1TRAVERSE CITY
IRS990ScheduleI/RecipientTable/USAddress/CityNm2TRAVERSE CITY
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IRS990ScheduleI/SupplementalInformationDetail/ExplanationTxt0MONITORING THE USE OF GRANT FUNDS IS ACCOMPLISHED THROUGH THE ORGANIZATIONS' BOARD OF DIRECTORS
IRS990ScheduleI/SupplementalInformationDetail/FormAndLineReferenceDesc0SCHEDULE I, PAGE 1, PART I, LINE 2
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IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm0TREVOR TKACH
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TitleTxt0EXECUTIVE DIRECTOR
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationFilingOrgAmt0165510
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0OUR 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 67 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: FIFTH THIRD RIVERBANK RUN CHICAGO TRAVEL AND ADVENTURE SHOW ANN ARBOR - DEXTER MARATHON ROCK'N ROLL MARATHON CHICAGO GRAND RAPIDS INTERNATIONAL WINE, BEER & FOOD FESTIVAL 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 IS ALSO VERY ACTIVE WITH PUBLIC RELATIONS EFFORTS. WE REGULARLY SEND PRESS RELEASES ABOUT NEW DESTINATION INFORMATION TO THE TRAVEL MEDIA, AS WELL AS VISIT MARKETS FOR RADIO, BROADCAST, PRINT AND DIGITAL INTERVIEWS AND PROMOTIONS. THROUGHOUT 2017, WE ALSO HOSTED 69 TRAVEL WRITERS IN THE DESTINATION TO ALLOW THEM A FIRST-HAND DESTINATION EXPERIENCE, DISTRIBUTED 16 PRESS RELEASES ABOUT TRAVERSE CITY INFORMATION, AND APPEARED IN AT LEAST 96 OCCASIONS OF VARIOUS BROADCAST.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt122 PERCENT INCREASE OVER 2016. TCT ALSO HOSTED 43 SITE INSPECTIONS FOR FUTURE GROUP BUSINESS IN 2017. OUR VISITOR CENTER ASSISTED MORE THAN 47,000 VISITORS IN 2017, OFFERING ASSISTANCE WITH INFORMATION ON THINGS TO SEE AND DO WHILE IN THE TRAVERSE CITY AREA. THIS INCLUDES ASSISTING IN MAKING LODGING RESERVATIONS. TCT PRODUCES A VARIETY OF MARKETING COLLATERAL PIECES TO PROMOTE OUR DESTINATION WITH THE PRIMARY MARKETING TOOL BEING OUR ANNUAL TRAVERSE CITY AREA GUIDE. IN 2017 WE PRODUCED AND DISTRIBUTED 300,000 OF THESE MAGAZINES TO CONSUMERS INTERESTED IN RECEIVING INFORMATION ABOUT THE TRAVERSE CITY AREA.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2MEMBERSHIP OF THE VISITORS BUREAU CONSISTS OF AREA BUSINESSES THAT OPERATE WITHIN THE LOCAL TOURISM INDUSTRY
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3THE VISITORS BUREAU CONSISTS OF BUSINESS MEMBERS THAT ELECT FROM AMONG THEMSELVES INDIVIDUALS TO PARTICIPATE ON THE BOARD OF DIRECTORS
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4FORM 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/ExplanationTxt5CONFLICTS OF INTEREST ARE REVIEWED ANNUALLY AS WELL AS ON AN AS NEEDED BASIS DURING A REGULARLY SCHEDULED MEETING OF THE GOVERNING BOARD
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6UPON 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/ExplanationTxt7THE 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/ExplanationTxt8NO DOCUMENTS AVAILABLE TO THE PUBLIC
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PAGE 2, PART III, LINE 4A
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PAGE 2, PART III, LINE 4B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PAGE 6, PART VI, LINE 6
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PAGE 6, PART VI, LINE 7A
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PAGE 6, PART VI, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5FORM 990, PAGE 6, PART VI, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc6FORM 990, PAGE 6, PART VI, LINE 15A
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc7FORM 990, PAGE 6, PART VI, LINE 15B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc8FORM 990, PAGE 6, PART VI, LINE 19
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IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine1Txt0TCC&VB EDUCATION FOUNDATION
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IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PrimaryActivitiesTxt0EDUCATION
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IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/CityNm0TRAVERSE CITY
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Document Assets

No mirrored PDF or thumbnail assets are attached yet.

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.$2.72$0.23$2.50$6.19$6.17$0.02
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