Civic Intelligence

Traverse City Convention and Visitors Bureau Education Foundati

990 • Fiscal year 2018 • EIN 38-3223846

Jan 01, 2018 to Dec 31, 2018 • Filed on Jul 24, 2019

Organization Profile
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

94th percentile

1.14x

Higher debt load relative to assets than 94% of similar nonprofits.

2018 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2018

Liabilities / Revenue

99th percentile

10.76x

Higher debt load relative to revenue than 99% of similar nonprofits.

2018 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2018

Net Margin

1st percentile

-312%

Higher net margin than 1% of similar nonprofits.

2018 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2018

Top Officer Pay

50th percentile

$0

Higher top officer pay than 50% of similar nonprofits.

Top officer pay equals 0.0% of source-year revenue.

2018 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2018

Asset Growth

33rd percentile

-3.2%

Faster asset growth than 33% of similar nonprofits.

2018 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2017 to 2018

Revenue Growth

4th percentile

-55%

Faster revenue growth than 4% of similar nonprofits.

2018 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2017 to 2018

Balance Sheet
Liabilities / Assets94th percentile

Assets

Down

$911,129

Down $29,695 (-3.2%) from 2017

Net Assets

Down

-$126,349

Down $301,063 (-172%) from 2017

Liabilities

Up

$1,037,478

Up $271,368 (+35%) from 2017

Revenue And Expenses
Liabilities / Revenue99th percentileNet Margin1st percentile

Revenue

Down

$96,395

Down $116,238 (-55%) from 2017

Expenses

Up

$397,458

Up $102,284 (+35%) from 2017

Net Income

Down

-$301,063

Down $218,522 (-265%) from 2017

Historical Trend

Balance Sheet Trend

Asset Growth33rd percentile

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

$4.0M$2.0M$0-$2.0M-$4.0MAssets 2010: $1,203,171Liabilities 2010: $571,721Net Assets 2010: $631,4502010Assets 2011: $1,163,636Liabilities 2011: $543,099Net Assets 2011: $620,5372011Assets 2012: $1,138,057Liabilities 2012: $522,637Net Assets 2012: $615,4202012Assets 2013: $1,131,526Liabilities 2013: $503,519Net Assets 2013: $628,0072013Assets 2014: $1,076,884Liabilities 2014: $473,303Net Assets 2014: $603,5812014Assets 2015: $1,039,344Liabilities 2015: $439,748Net Assets 2015: $599,5962015Assets 2016: $919,053Liabilities 2016: $661,798Net Assets 2016: $257,2552016Assets 2017: $940,824Liabilities 2017: $766,110Net Assets 2017: $174,7142017Assets 2018: $911,129Liabilities 2018: $1,037,478Net Assets 2018: -$126,3492018Assets 2019: $928,953Liabilities 2019: $1,337,785Net Assets 2019: -$408,8322019Assets 2020: $971,879Liabilities 2020: $1,664,541Net Assets 2020: -$692,6622020Assets 2021: $942,173Liabilities 2021: $1,915,491Net Assets 2021: -$973,3182021Assets 2022: $1,145,883Liabilities 2022: $2,482,038Net Assets 2022: -$1,336,1552022Assets 2023: $1,168,113Liabilities 2023: $3,023,251Net Assets 2023: -$1,855,1382023Assets 2024: $1,099,718Liabilities 2024: $3,349,634Net Assets 2024: -$2,249,9162024

Highlighted filing

2018

Assets$911,129
Liabilities$1,037,478
Net Assets-$126,349
Open 2018 Filing

Operations Trend

Revenue Growth4th percentile

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

$1.0M$500K$0-$500K-$1.0MExpenses 2010: $163,0572010Expenses 2011: $144,8782011Expenses 2012: $142,3392012Revenue 2013: $158,058Expenses 2013: $145,471Net Income 2013: $12,5872013Revenue 2014: $178,979Expenses 2014: $203,405Net Income 2014: -$24,4262014Revenue 2015: $130,861Expenses 2015: $134,846Net Income 2015: -$3,9852015Revenue 2016: $128,891Expenses 2016: $342,665Net Income 2016: -$213,7742016Revenue 2017: $212,633Expenses 2017: $295,174Net Income 2017: -$82,5412017Revenue 2018: $96,395Expenses 2018: $397,458Net Income 2018: -$301,0632018Revenue 2019: $101,935Expenses 2019: $384,418Net Income 2019: -$282,4832019Revenue 2020: $82,948Expenses 2020: $366,778Net Income 2020: -$283,8302020Revenue 2021: $90,070Expenses 2021: $370,726Net Income 2021: -$280,6562021Revenue 2022: $102,655Expenses 2022: $465,492Net Income 2022: -$362,8372022Revenue 2023: $107,562Expenses 2023: $626,545Net Income 2023: -$518,9832023Revenue 2024: $244,896Expenses 2024: $639,674Net Income 2024: -$394,7782024

Highlighted filing

2018

Revenue$96,395
Expenses$397,458
Net Income-$301,063
Open 2018 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2018 to Dec 31, 2018
Signed
Jul 24, 2019
Return Version
2018v3.1
Gross Receipts
$103,869
Mission and Program Overview

Mission

Educate the public about tourism in the grand traverse area

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$916,586$897,055▼ $19,531
Accounts Receivable$13,314--
Cash and Non-Interest-Bearing Accounts$6,996$10,086▲ $3,090
Prepaid Expenses and Deferred Charges$3,928$3,988▲ $60
Total Assets$940,824$911,129▼ $29,695
Liabilities
Other Liabilities$385,804$701,876▲ $316,072
Mortgage Notes Payable Secured by Investment Property$358,748$327,399▼ $31,349
Accounts Payable and Accrued Expenses$21,558$8,203▼ $13,355
Total Liabilities$766,110$1,037,478▲ $271,368
Net Assets / Fund Balance
Unrestricted Net Assets$174,714$-126,349▼ $301,063
Total Net Assets Fund Balance$174,714$-126,349▼ $301,063
Total Liabilities and Net Assets / Fund Balance$940,824$911,129▼ $29,695

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$450,246$600,482$1,050,728
Land$395,677-$395,677
Leasehold Improvements$41,796$79,548$121,344
Other Land Buildings$3,946$61,187$65,133
Equipment$5,390$6,477$11,867
Compensation and Service Providers
Top Officer Pay50th percentile

Board Members and Trustees

NameTitle
Fritz HellerPresident
Ron RobinsonTrustee
Trevor TkachTrustee
Justin MortierImmediate Pa
Jonathan PackSecretary
Rob RodenrothTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$7,007
Program Service Revenue
$92,489
Investment Income
$0
Other Revenue
$-3,101
All Other Contributions
$7,007
Change in Net Assets
$-301,063
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$395,458
Grants and Similar Amounts Paid$2,000
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Fees for Services Management$128,567--$128,567
Interest$86,728--$86,728
Occupancy$60,088--$60,088
Depreciation Depletion$33,919--$33,919
Office Expenses$4,481--$4,481
All Other Expenses$4,357--$4,357
Insurance$4,248--$4,248
Fees for Services Other$4,109--$4,109
Other Expenses$3,192--$3,192
Travel$2,269--$2,269
Grants to Domestic Individuals$2,000--$2,000
Total Functional Expenses$397,458$0$0$397,458
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Payable to Related Organization$701,876
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
No
Other officer compensation reviewed
No
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 7A

“The board of directors for the related tax exempt 501(c)(6) organization, the traverse city convention & visitors bureau, elect from among themselves those who will serve on the education foundation's board of trustees”

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

“Form 990 is reviewed by the president when presented by the foundation'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 19

“No documents available to the public”

Filing and Contact Details

Filer

Filer Name
Tcc&vb Education Foundation
EIN
38-3223846
Phone
2319471120
Address
101 W GRANDVIEW PRKWY, TRAVERSE CITY, MI 49684

Signing Officer

Name
Rob Rodenroth
Title
Treasurer
Phone
2319471120
Signed
2019-07-24
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Rob Rodenroth
Formed
1995
Legal Domicile
Mi
Voting Board Members
6
Independent Board Members
6
Employees
0
Volunteers
101

Preparer

Firm
Intrust CPA Pc
Address
1240 E 8TH ST, TRAVERSE CITY, MI 49686
Preparer
Jeffrey a Wood CPA
Phone
2319351590
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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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IRS990ScheduleA/TotalSupportAmt0328098
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IRS990ScheduleD/BuildingsGrp/DepreciationAmt0600482
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt01050728
IRS990ScheduleD/EquipmentGrp/BookValueAmt05390
IRS990ScheduleD/EquipmentGrp/DepreciationAmt06477
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt011867
IRS990ScheduleD/LandGrp/BookValueAmt0395677
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt0395677
IRS990ScheduleD/LeaseholdImprovementsGrp/BookValueAmt041796
IRS990ScheduleD/LeaseholdImprovementsGrp/DepreciationAmt079548
IRS990ScheduleD/LeaseholdImprovementsGrp/OtherCostOrOtherBasisAmt0121344
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt03946
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt061187
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt065133
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt0701876
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0PAYABLE TO RELATED ORGANIZATION
IRS990ScheduleD/TotalBookValueLandBuildingsAmt0897055
IRS990ScheduleD/TotalLiabilityAmt0701876
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE BOARD OF DIRECTORS FOR THE RELATED TAX EXEMPT 501(C)(6) ORGANIZATION, THE TRAVERSE CITY CONVENTION & VISITORS BUREAU, ELECT FROM AMONG THEMSELVES THOSE WHO WILL SERVE ON THE EDUCATION FOUNDATION'S BOARD OF TRUSTEES
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1FORM 990 IS REVIEWED BY THE PRESIDENT WHEN PRESENTED BY THE FOUNDATION'S AUDITING AND TAX PREPARATION FIRM AND MADE AVAILABLE TO MEMBERS OF THE BOARD UPON REQUEST
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2CONFLICTS OF INTEREST ARE REVIEWED ANNUALLY AS WELL AS ON AN AS NEEDED BASIS DURING A REGULARLY SCHEDULED MEETING OF THE GOVERNING BOARD
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3NO DOCUMENTS AVAILABLE TO THE PUBLIC
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PAGE 6, PART VI, LINE 7A
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PAGE 6, PART VI, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PAGE 6, PART VI, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PAGE 6, PART VI, LINE 19
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IRS990ScheduleR/AssetPurchaseFromOtherOrgInd0false
IRS990ScheduleR/AssetSaleToOtherOrgInd0false
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IRS990ScheduleR/GiftGrntOrCapContriToOthOrgInd0false
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IRS990ScheduleR/LoansOrGuaranteesToOtherOrgInd0false
IRS990ScheduleR/PaidEmployeesSharingInd0true
IRS990ScheduleR/PerformOfServicesByOtherOrgInd0false
IRS990ScheduleR/PerformOfServicesForOthOrgInd0false
IRS990ScheduleR/ReceiptOfIntAnntsRntsRyltsInd0false
IRS990ScheduleR/ReimbursementPaidByOtherOrgInd0false
IRS990ScheduleR/ReimbursementPaidToOtherOrgInd0false
IRS990ScheduleR/RentalOfFacilitiesToOthOrgInd0true
IRS990ScheduleR/RentalOfFcltsFromOthOrgInd0false
IRS990ScheduleR/SharingOfFacilitiesInd0false
IRS990ScheduleR/TransactionsRelatedOrgGrp/InvolvedAmt057218
IRS990ScheduleR/TransactionsRelatedOrgGrp/InvolvedAmt1128567
IRS990ScheduleR/TransactionsRelatedOrgGrp/InvolvedAmt2327399
IRS990ScheduleR/TransactionsRelatedOrgGrp/MethodOfAmountDeterminationTxt0LEASE AGREEMENT
IRS990ScheduleR/TransactionsRelatedOrgGrp/MethodOfAmountDeterminationTxt1COST ACCOUNTING
IRS990ScheduleR/TransactionsRelatedOrgGrp/MethodOfAmountDeterminationTxt2PROMISSORY NOTE
IRS990ScheduleR/TransactionsRelatedOrgGrp/OtherOrganizationName/BusinessNameLine1Txt0TC CONVENTION & VISITORS BUREAU
IRS990ScheduleR/TransactionsRelatedOrgGrp/OtherOrganizationName/BusinessNameLine1Txt1TC CONVENTION & VISITORS BUREAU
IRS990ScheduleR/TransactionsRelatedOrgGrp/OtherOrganizationName/BusinessNameLine1Txt2TC CONVENTION & VISITORS BUREAU
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IRS990ScheduleR/TransactionsRelatedOrgGrp/TransactionTypeTxt1O
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IRS990/SubjectToExcsTaxNetInvstIncInd0false
IRS990/SubjectToProxyTaxInd0false
IRS990/SubjToTaxRmnrtnExPrchtPymtInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TempOrPermanentEndowmentsInd0false
IRS990/TerminateOperationsInd0false
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IRS990/TotalEmployeeCnt00
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt00
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IRS990/TotalFunctionalExpensesGrp/TotalAmt0397458
IRS990/TotalGrossUBIAmt00
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IRS990/TotalLiabilitiesEOYAmt01037478
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IRS990/TotalProgramServiceExpensesAmt0397458
IRS990/TotalProgramServiceRevenueAmt092489
IRS990/TotalRevenueGrp/ExclusionAmt092946
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt0-3558
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IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt0940824
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt0911129
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IRS990/TravelGrp/TotalAmt02269
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IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
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IRS990/UponRequestInd0X
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IRS990/WhistleblowerPolicyInd0true
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ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0TCC&VB EDUCATION FOUNDATION
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ReturnHeader/FilingSecurityInformation/IPDt02019-09-12

Document Assets

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Filings

Displayed year

2018 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$911,129
Liabilities
$1,037,478
Net assets
-$126,349
Revenue
$96,395
Expenses
$397,458
Net income
-$301,063
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$1.10$3.35$2.25$0.24$0.64$0.39
2023Detailed filing. Detailed filing data is available for this year.$1.17$3.02$1.86$0.11$0.63$0.52
2022Detailed filing. Detailed filing data is available for this year.$1.15$2.48$1.34$0.10$0.47$0.36
2021Detailed filing. Detailed filing data is available for this year.$0.94$1.92$0.97$0.09$0.37$0.28
2020Detailed filing. Detailed filing data is available for this year.$0.97$1.66$0.69$0.08$0.37$0.28
2019Detailed filing. Detailed filing data is available for this year.$0.93$1.34$0.41$0.10$0.38$0.28
2018Detailed filing. Detailed filing data is available for this year.$0.91$1.04$0.13$0.10$0.40$0.30
2017Detailed filing. Detailed filing data is available for this year.$0.94$0.77$0.17$0.21$0.30$0.08
2016Detailed filing. Detailed filing data is available for this year.$0.92$0.66$0.26$0.13$0.34$0.21
2015Detailed filing. Detailed filing data is available for this year.$1.04$0.44$0.60$0.13$0.13$0.00
2014Detailed filing. Detailed filing data is available for this year.$1.08$0.47$0.60$0.18$0.20$0.02
2013Detailed filing. Detailed filing data is available for this year.$1.13$0.50$0.63$0.16$0.15$0.01
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.14$0.52$0.62$0.14
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.16$0.54$0.62$0.14
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.20$0.57$0.63$0.16