Civic Intelligence

Tc Convention & Visitor'S Bureau

990 • Fiscal year 2019 • EIN 38-2582585

Jan 01, 2019 to Dec 31, 2019 • Filed on Oct 29, 2020

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

42nd percentile

0.17x

Higher debt load relative to assets than 42% of similar nonprofits.

2019 filings • 501(c)6 • $5M-$10M nonprofits • Source year 2019

Liabilities / Revenue

23rd percentile

0.10x

Higher debt load relative to revenue than 23% of similar nonprofits.

2019 filings • 501(c)6 • $5M-$10M nonprofits • Source year 2019

Net Margin

49th percentile

3.2%

Higher net margin than 49% of similar nonprofits.

2019 filings • 501(c)6 • $5M-$10M nonprofits • Source year 2019

Top Officer Pay

29th percentile

$184,929

Higher top officer pay than 29% of similar nonprofits.

Top officer pay equals 2.7% of source-year revenue.

2019 filings • 501(c)6 • $5M-$10M nonprofits • Source year 2019

Asset Growth

58th percentile

8.2%

Faster asset growth than 58% of similar nonprofits.

2019 filings • 501(c)6 • $5M-$10M nonprofits • Annualized from 2018 to 2019

Revenue Growth

44th percentile

1.6%

Faster revenue growth than 44% of similar nonprofits.

2019 filings • 501(c)6 • $5M-$10M nonprofits • Annualized from 2018 to 2019

Assets

Up

$3,899,450

Up $296,773 (+8.2%) from 2018

Net Assets

Up

$3,218,538

Up $224,106 (+7.5%) from 2018

Liabilities

Up

$680,912

Up $72,667 (+12%) from 2018

Revenue

Up

$6,913,658

Up $107,835 (+1.6%) from 2018

Expenses

Up

$6,689,552

Up $75,175 (+1.1%) from 2018

Net Income

Up

$224,106

Up $32,660 (+17%) from 2018

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

2019

Assets$3,899,450
Liabilities$680,912
Net Assets$3,218,538

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

2019

Revenue$6,913,658
Expenses$6,689,552
Net Income$224,106
Jump To
Filing Snapshot
Filing Period
Jan 1, 2019 to Dec 31, 2019
Signed
Oct 29, 2020
Return Version
2019v5.0
Gross Receipts
$6,913,658
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$2,119,161$2,122,778▲ $3,617
Other Notes and Loans Receivable, Net$1,029,275$1,315,003▲ $285,728
Accounts Receivable$395,896$386,114▼ $9,782
Land, Buildings, and Equipment, Net$32,029$38,754▲ $6,725
Prepaid Expenses and Deferred Charges$26,316$36,801▲ $10,485
Total Assets$3,602,677$3,899,450▲ $296,773
Liabilities
Accounts Payable and Accrued Expenses$608,245$680,912▲ $72,667
Total Liabilities$608,245$680,912▲ $72,667
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$2,994,432$3,218,538▲ $224,106
Total Net Assets Fund Balance$2,994,432$3,218,538▲ $224,106
Total Liabilities and Net Assets / Fund Balance$3,602,677$3,899,450▲ $296,773

Asset Categories

AssetBook ValueDepreciationBasis
Other Land Buildings$30,774$77,733$108,507
Equipment$4,769$60,410$65,179
Leasehold Improvements$3,211$4,986$8,197
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Trevor TkachExecutive DiFT$157,900$27,029$184,929
Trevor TkachExecutive Director-$157,900$27,029$184,929

Board Members and Trustees

NameTitle
Justin MortierChairman
Rob RodenrothVice Chairma
Andrew RehDirector
Bridget HawksDirector
Bryan MooreDirector
Carolyn OlsonDirector
Chris BallouDirector
Dave DenisonDirector
Jason HomaDirector
Kevin KleinDirector
Melanie OlsenDirector
Ron RobinsonDirector
Fritz HellerImmedite Pas
Jonathan PackSecretary/tr
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$6,767,993
Investment Income
$74,592
Other Revenue
$71,073
Change in Net Assets
$224,106
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$5,377,015
Salaries, Compensation, and Employee Benefits$1,312,537
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Advertising---$3,961,215
Other Salaries and Wages---$1,072,450
Information Technology---$219,110
Office Expenses---$167,135
All Other Expenses---$128,360
Other Employee Benefits---$124,356
Occupancy---$103,285
Payroll Taxes---$89,360
Conferences and Meetings---$77,890
Other Expenses---$61,354
Fees for Services Other---$57,333
Fees for Services Legal---$45,949
Pension Plan Contributions---$26,371
Travel---$23,562
Fees for Services Accounting---$13,790
Depreciation Depletion---$12,356
Insurance---$8,240
Total Functional Expenses$0$0$0$6,689,552
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 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
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
Jonathan Pack
Title
Secretary/treasurer
Phone
2319471120
Signed
2020-10-29
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Jonathan Pack
Formed
1984
Legal Domicile
Mi
Voting Board Members
15
Independent Board Members
15
Employees
22
Volunteers
50

Preparer

Firm
Intrust CPA Pc
Address
732 HANNAH AVENUE, TRAVERSE CITY, MI 49686
Preparer
Jeffrey a Wood CPA
Phone
2319351590
Supplemental Narrative

Additional Explanations

Form 990, Page 1, Item C

Traverse city tourism corporation

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

A bulk of our marketing efforts are in the leisure travel market. We market to different demographics depending on the time of year. For example, in spring, fall and winter we target gen-x and boomers as well as millennials. In summer, we target millennials and families. Primarily we promote wine and culinary offerings, outdoor recreation, events, golf and sleeping bear dunes; secondary promotions include shopping, entertainment, and casinos. We take a dichotomous approach to marketing-- pointing out that visitors can enjoy both an indoor and outdoor experiences in one trip. Traverse city tourism has a robust meeting, group sales and services department. Our goal is to attract meetings in off peak times for our hotels, both meeting and select service properties, from within the state, regionally and nationally. Target markets include state, regional and national associations, corporate, smerf (social, military, education, religious and fraternal), sports, and group tour. Our main focus is our "drive markets" including michigan, illinois, indiana, ohio and some parts of pennsylvania for our spring, fall and winter marketing. We promote to fly-in markets by expanding promotions to include atlanta, new york, denver, dallas, minneapolis, charlotte, washington, phoenix, and several markets in florida. We are also a part of a marketing partnership known as discover northern michigan which includes the cvb's of gaylord, charlevoix, petoskey, and mackinac island. This is a cooperative marketing partnership in cooperation with travel michigan to help promote to the dallas which has a direct flight to traverse city's cherry capital airport in the summer months. We also have a national and international awareness campaign with pure michigan.

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IRS990/InsuranceGrp/TotalAmt08240
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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/OrganizationFollowsFASB117Ind0X
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IRS990/OtherExpensesGrp/Desc1RESEARCH
IRS990/OtherExpensesGrp/Desc2SPONSORSHIPS
IRS990/OtherExpensesGrp/Desc3SALES REPRESENTATION
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IRS990/OtherExpensesGrp/TotalAmt175636
IRS990/OtherExpensesGrp/TotalAmt269370
IRS990/OtherExpensesGrp/TotalAmt361354
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IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt036801
IRS990/PrincipalOfficerNm0JONATHAN PACK
IRS990/ProfessionalFundraisingInd0false
IRS990/ProgramServiceRevenueGrp/BusinessCd0541800
IRS990/ProgramServiceRevenueGrp/BusinessCd1541800
IRS990/ProgramServiceRevenueGrp/BusinessCd2551112
IRS990/ProgramServiceRevenueGrp/BusinessCd3541800
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/RelatedOrExemptFuncIncomeAmt1130000
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IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt1275547
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt2130000
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt316319
IRS990/ProgramServiceRevenueGrp/UnrelatedBusinessRevenueAmt0275547
IRS990/ProgramServiceRevenueGrp/UnrelatedBusinessRevenueAmt116319
IRS990/ProgSrvcAccomActy2Grp/Desc0WE USE GOOGLE ANALYTICS, ADARA, SMITH TRAVEL RESEARCH AND OTHER ANALYTICS FROM VENDORS TO TRACK OUR MARKETING EFFORTS. ONE OF THE BEST INDICATORS OF EFFECTIVENESS IS MONITORING OUR MONTHLY ASSESSMENT COLLECTION TO ANALYZE YEAR-OVER-YEAR REVENUES. WE PARTNER WITH OTHER ORGANIZATIONS, PARTICULARLY AROUND EVENTS AND AIR TRAVEL, TO COLLECT DATA FROM THEIR VISITING USER GROUPS. WE ALSO SEEK OUT ANECDOTAL INFORMATION FROM OUR MEMBERS TO HELP DETERMINE WHAT THEY ARE OBSERVING AND TO CORROBORATE THE DATA WITH PERSONAL EXPERIENCES AND MEMBER DATA.
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IRS990/PYProgramServiceRevenueAmt06663864
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IRS990/PYSalariesCompEmpBnftPaidAmt01202347
IRS990/PYTotalExpensesAmt06614377
IRS990/PYTotalRevenueAmt06805823
IRS990/ReconcilationRevenueExpnssAmt0224106
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IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt065179
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IRS990ScheduleD/LeaseholdImprovementsGrp/DepreciationAmt04986
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IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt030774
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt077733
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt0108507
IRS990ScheduleD/TotalBookValueLandBuildingsAmt038754
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IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsFilingOrgAmt027029
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm0TREVOR TKACH
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TitleTxt0EXECUTIVE DIRECTOR
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationFilingOrgAmt0184929
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IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0TRAVERSE CITY TOURISM CORPORATION
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1A BULK OF OUR MARKETING EFFORTS ARE IN THE LEISURE TRAVEL MARKET. WE MARKET TO DIFFERENT DEMOGRAPHICS DEPENDING ON THE TIME OF YEAR. FOR EXAMPLE, IN SPRING, FALL AND WINTER WE TARGET GEN-X AND BOOMERS AS WELL AS MILLENNIALS. IN SUMMER, WE TARGET MILLENNIALS AND FAMILIES. PRIMARILY WE PROMOTE WINE AND CULINARY OFFERINGS, OUTDOOR RECREATION, EVENTS, GOLF AND SLEEPING BEAR DUNES; SECONDARY PROMOTIONS INCLUDE SHOPPING, ENTERTAINMENT, AND CASINOS. WE TAKE A DICHOTOMOUS APPROACH TO MARKETING-- POINTING OUT THAT VISITORS CAN ENJOY BOTH AN INDOOR AND OUTDOOR EXPERIENCES IN ONE TRIP. TRAVERSE CITY TOURISM HAS A ROBUST MEETING, GROUP SALES AND SERVICES DEPARTMENT. OUR GOAL IS TO ATTRACT MEETINGS IN OFF PEAK TIMES FOR OUR HOTELS, BOTH MEETING AND SELECT SERVICE PROPERTIES, FROM WITHIN THE STATE, REGIONALLY AND NATIONALLY. TARGET MARKETS INCLUDE STATE, REGIONAL AND NATIONAL ASSOCIATIONS, CORPORATE, SMERF (SOCIAL, MILITARY, EDUCATION, RELIGIOUS AND FRATERNAL), SPORTS, AND GROUP TOUR. OUR MAIN FOCUS IS OUR "DRIVE MARKETS" INCLUDING MICHIGAN, ILLINOIS, INDIANA, OHIO AND SOME PARTS OF PENNSYLVANIA FOR OUR SPRING, FALL AND WINTER MARKETING. WE PROMOTE TO FLY-IN MARKETS BY EXPANDING PROMOTIONS TO INCLUDE ATLANTA, NEW YORK, DENVER, DALLAS, MINNEAPOLIS, CHARLOTTE, WASHINGTON, PHOENIX, AND SEVERAL MARKETS IN FLORIDA. WE ARE ALSO A PART OF A MARKETING PARTNERSHIP KNOWN AS DISCOVER NORTHERN MICHIGAN WHICH INCLUDES THE CVB'S OF GAYLORD, CHARLEVOIX, PETOSKEY, AND MACKINAC ISLAND. THIS IS A COOPERATIVE MARKETING PARTNERSHIP IN COOPERATION WITH TRAVEL MICHIGAN TO HELP PROMOTE TO THE DALLAS WHICH HAS A DIRECT FLIGHT TO TRAVERSE CITY'S CHERRY CAPITAL AIRPORT IN THE SUMMER MONTHS. WE ALSO HAVE A NATIONAL AND INTERNATIONAL AWARENESS CAMPAIGN WITH PURE MICHIGAN.
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 1, ITEM C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PAGE 2, PART III, LINE 4A
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
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ExemptCodeSectionTxt0501C3
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/LegalDomicileStateCd0MI
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PrimaryActivitiesTxt0EDUCATION
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IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/CityNm0TRAVERSE CITY
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IRS990ScheduleR/TransactionsRelatedOrgGrp/InvolvedAmt1130000
IRS990ScheduleR/TransactionsRelatedOrgGrp/InvolvedAmt2294773
IRS990ScheduleR/TransactionsRelatedOrgGrp/MethodOfAmountDeterminationTxt0LEASE AGREEMENT
IRS990ScheduleR/TransactionsRelatedOrgGrp/MethodOfAmountDeterminationTxt1COST ACCOUNTING
IRS990ScheduleR/TransactionsRelatedOrgGrp/MethodOfAmountDeterminationTxt2PROMISSORY NOTE
IRS990ScheduleR/TransactionsRelatedOrgGrp/OtherOrganizationName/BusinessNameLine1Txt0TCC&VB EDUCATION FOUNDATION
IRS990ScheduleR/TransactionsRelatedOrgGrp/OtherOrganizationName/BusinessNameLine1Txt1TCC&VB EDUCATION FOUNDATION
IRS990ScheduleR/TransactionsRelatedOrgGrp/OtherOrganizationName/BusinessNameLine1Txt2TCC&VB EDUCATION FOUNDATION
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IRS990ScheduleR/TransactionsRelatedOrgGrp/TransactionTypeTxt2D
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IRS990/SubjectToExcsTaxNetInvstIncInd0false
IRS990/SubjectToProxyTaxInd0false
IRS990/SubjToTaxRmnrtnExPrchtPymtInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TerminateOperationsInd0false
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IRS990/TotalFunctionalExpensesGrp/TotalAmt06689552
IRS990/TotalGrossUBIAmt0291866
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IRS990/TotalLiabilitiesEOYAmt0680912
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IRS990/TotalProgramServiceRevenueAmt06767993
IRS990/TotalReportableCompFromOrgAmt0157900

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.$2.72$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