Civic Intelligence

Tc Convention & Visitor'S Bureau

990 • Fiscal year 2020 • EIN 38-2582585

Jan 01, 2020 to Dec 31, 2020 • Filed on Aug 16, 2021

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

36th percentile

0.13x

Higher debt load relative to assets than 36% of similar nonprofits.

2020 filings • 501(c)6 • $5M-$10M nonprofits • Source year 2020

Liabilities / Revenue

22nd percentile

0.10x

Higher debt load relative to revenue than 22% of similar nonprofits.

2020 filings • 501(c)6 • $5M-$10M nonprofits • Source year 2020

Net Margin

79th percentile

18%

Higher net margin than 79% of similar nonprofits.

2020 filings • 501(c)6 • $5M-$10M nonprofits • Source year 2020

Top Officer Pay

24th percentile

$167,352

Higher top officer pay than 24% of similar nonprofits.

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

2020 filings • 501(c)6 • $5M-$10M nonprofits • Source year 2020

Asset Growth

90th percentile

29%

Faster asset growth than 90% of similar nonprofits.

2020 filings • 501(c)6 • $5M-$10M nonprofits • Annualized from 2019 to 2020

Revenue Growth

54th percentile

-6.8%

Faster revenue growth than 54% of similar nonprofits.

2020 filings • 501(c)6 • $5M-$10M nonprofits • Annualized from 2019 to 2020

Assets

Up

$5,013,208

Up $1,113,758 (+29%) from 2019

Net Assets

Up

$4,363,994

Up $1,145,456 (+36%) from 2019

Liabilities

Down

$649,214

Down $31,698 (-4.7%) from 2019

Revenue

Down

$6,445,728

Down $467,930 (-6.8%) from 2019

Expenses

Down

$5,300,272

Down $1,389,280 (-21%) from 2019

Net Income

Up

$1,145,456

Up $921,350 (+411%) from 2019

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

2020

Assets$5,013,208
Liabilities$649,214
Net Assets$4,363,994

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

2020

Revenue$6,445,728
Expenses$5,300,272
Net Income$1,145,456
Jump To
Filing Snapshot
Filing Period
Jan 1, 2020 to Dec 31, 2020
Signed
Aug 16, 2021
Return Version
2020v4.0
Gross Receipts
$6,445,728
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

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 enviroment.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$2,122,778$2,797,270▲ $674,492
Other Notes and Loans Receivable, Net$1,315,003$1,656,680▲ $341,677
Accounts Receivable$386,114$463,874▲ $77,760
Land, Buildings, and Equipment, Net$38,754$54,163▲ $15,409
Prepaid Expenses and Deferred Charges$36,801$41,221▲ $4,420
Total Assets$3,899,450$5,013,208▲ $1,113,758
Liabilities
Accounts Payable and Accrued Expenses$680,912$388,714▼ $292,198
Escrow Account Liability-$260,500-
Total Liabilities$680,912$649,214▼ $31,698
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$3,218,538$4,192,831▲ $974,293
Net Assets With Donor Restrictions-$171,163-
Total Net Assets Fund Balance$3,218,538$4,363,994▲ $1,145,456
Total Liabilities and Net Assets / Fund Balance$3,899,450$5,013,208▲ $1,113,758

Asset Categories

AssetBook ValueDepreciationBasis
Other Land Buildings$23,810$80,250$104,060
Equipment$27,352$72,985$100,337
Leasehold Improvements$3,001$5,196$8,197
Compensation and Service Providers

Employees

NameTitleBaseOtherTotal
Trevor TkachExecutive Di$152,718$14,634$167,352
Trevor TkachExecutive Director$152,718$14,634$167,352

Board Members and Trustees

NameTitle
Justin MortierChairman
Rob RodenrothVice Chairma
Amy ParkerDirector
Andrew RehDirector
Arah JohnsonDirector
Bridget HawksDirector
Bryan MooreDirector
Carolyn OlsonDirector
Chris BallouDirector
Dave DenisonDirector
Jason HomaDirector
Judy RemmertDirector
Kevin KleinDirector
Matthew BryantDirector
Melanie OlsenDirector
Ron RobinsonDirector
Fritz HellerImmediate Pa
Jonathan PackSecretary/tr
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$5,882,359
Investment Income
$71,521
Other Revenue
$491,848
Change in Net Assets
$1,145,456
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$4,188,745
Salaries, Compensation, and Employee Benefits$1,111,527
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Advertising$3,351,179--$3,351,179
Other Salaries and Wages$745,870$171,385-$917,255
Other Employee Benefits$142,558--$142,558
Occupancy-$88,200-$88,200
Conferences and Meetings$50,114$73-$50,187
Fees for Services Other$33,172$10,677-$43,849
All Other Expenses$20,506$20,555-$41,061
Fees for Services Legal$39,764--$39,764
Office Expenses$30,372$8,903-$39,275
Payroll Taxes$15,998$17,145-$33,143
Pension Plan Contributions$13,875$4,696-$18,571
Depreciation Depletion$15,299--$15,299
Travel$5,376$8,659-$14,035
Fees for Services Accounting-$13,065-$13,065
Other Expenses$12,925$12,925-$12,925
Insurance-$8,254-$8,254
Total Functional Expenses$4,935,735$364,537$0$5,300,272
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

Memberships 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 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
2021-08-16
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Rob Rodenroth
Formed
1984
Legal Domicile
Mi
Voting Board Members
15
Independent Board Members
15
Employees
22

Preparer

Firm
Tobin & Co Pc
Address
2301 GARFIELD RD N, TRAVERSE CITY, MI 49686
Preparer
Jonathan J Poortenga
Phone
2319470151
Supplemental Narrative

Additional Explanations

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 experiances 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 area which has a direct flight to traverse city's cherry capital airport in the summer months. We also have a national and international awareness compaign with pure michigan.

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

We 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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This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

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IRS990/Desc0A 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 EXPERIANCES 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 AREA WHICH HAS A DIRECT FLIGHT TO TRAVERSE CITY'S CHERRY CAPITAL AIRPORT IN THE SUMMER MONTHS. WE ALSO HAVE A NATIONAL AND INTERNATIONAL AWARENESS COMPAIGN WITH PURE MICHIGAN.
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IRS990/Form990PartVIISectionAGrp/PersonNm17JONATHAN PACK
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IRS990/Form990PartVIISectionAGrp/TitleTxt2DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt3DIRECTOR
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/TitleTxt14DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt15IMMEDIATE PA
IRS990/Form990PartVIISectionAGrp/TitleTxt16CHAIRMAN
IRS990/Form990PartVIISectionAGrp/TitleTxt17SECRETARY/TR
IRS990/Form990PartVIISectionAGrp/TitleTxt18VICE CHAIRMA
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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 ENVIROMENT.
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IRS990/ProgramServiceRevenueGrp/Desc3T.C. AREA GUIDE & BR
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IRS990/ProgSrvcAccomActyOtherGrp/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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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0A 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 EXPERIANCES 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 AREA WHICH HAS A DIRECT FLIGHT TO TRAVERSE CITY'S CHERRY CAPITAL AIRPORT IN THE SUMMER MONTHS. WE ALSO HAVE A NATIONAL AND INTERNATIONAL AWARENESS COMPAIGN WITH PURE MICHIGAN.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1WE 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.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2MEMBERSHIPS 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 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 4D
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PAGE 6, PART VI, LINE 6
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PAGE 6, PART VI, LINE 7A

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
Peer Organizations

Similar nonprofits based on the same Siviq industry and scale cohort. 2020 filings • 501(c)6 • $5M-$10M nonprofits