Civic Intelligence

Visitbemidji

EIN 41-1643724 • 501(c)6 • Bemidji, MN

Profile

Our mission is to promote the city of bemidji to visitors and convention organizers by advertising, soliciting, conventions and by special promotions.

PO Box 66Bemidji, MN 56619-0066

www.visitbemidji.com

Siviq Scores

Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.

Liabilities / Assets

86th percentile

0.44x

Higher debt load relative to assets than 86% of similar nonprofits.

501(c)6 • $500k-$1M nonprofits • Source year 2024

Liabilities / Revenue

72nd percentile

0.20x

Higher debt load relative to revenue than 72% of similar nonprofits.

501(c)6 • $500k-$1M nonprofits • Source year 2024

Net Margin

36th percentile

-0.8%

Higher net margin than 36% of similar nonprofits.

501(c)6 • $500k-$1M nonprofits • Source year 2024

Top Officer Pay

Score unavailable

No value available

No filing with officer rows is available for this organization yet.

Asset Growth

15th percentile

-14%

Faster asset growth than 15% of similar nonprofits.

501(c)6 • $500k-$1M nonprofits • Annualized from 2023 to 2024

Revenue Growth

31st percentile

-1.1%

Faster revenue growth than 31% of similar nonprofits.

501(c)6 • $500k-$1M nonprofits • Annualized from 2023 to 2024

Assets

Down

$260,706

Down $40,934 (-14%) from 2023

Liabilities

Down

$114,509

Down $36,163 (-24%) from 2023

Net Assets

Down

$146,197

Down $4,771 (-3.2%) from 2023

Revenue

Down

$581,853

Down $6,238 (-1.1%) from 2023

Expenses

Down

$586,624

Down $149,626 (-20%) from 2023

Net Income

Up

-$4,771

Up $143,388 (+97%) from 2023

Trend Graphs

Balance Sheet Trend

Grouped bars show assets, liabilities, and net assets across loaded filings.

$600K$400K$200K$0Assets 2011: $159,725Liabilities 2011: $25,218Net Assets 2011: $134,5072011Assets 2012: $123,501Liabilities 2012: $12,150Net Assets 2012: $111,3512012Assets 2013: $90,679Liabilities 2013: $44,963Net Assets 2013: $45,7162013Assets 2014: $83,528Liabilities 2014: $14,279Net Assets 2014: $69,2492014Assets 2015: $137,941Liabilities 2015: $4,511Net Assets 2015: $133,4302015Assets 2016: $194,750Liabilities 2016: $494Net Assets 2016: $194,2562016Assets 2017: $205,366Liabilities 2017: $904Net Assets 2017: $204,4622017Assets 2018: $231,667Liabilities 2018: $900Net Assets 2018: $230,7672018Assets 2019: $309,169Liabilities 2019: $7,071Net Assets 2019: $302,0982019Assets 2020: $337,368Liabilities 2020: $21,053Net Assets 2020: $316,3152020Assets 2021: $445,487Liabilities 2021: $29,029Net Assets 2021: $416,4582021Assets 2022: $439,041Liabilities 2022: $139,914Net Assets 2022: $299,1272022Assets 2023: $301,640Liabilities 2023: $150,672Net Assets 2023: $150,9682023Assets 2024: $260,706Liabilities 2024: $114,509Net Assets 2024: $146,1972024

Highlighted filing

2024

Assets$260,706
Liabilities$114,509
Net Assets$146,197

Operations Trend

Revenue, expenses, and net income by year, with the latest filing highlighted.

$1.0M$500K$0-$500KExpenses 2011: $317,8782011Expenses 2012: $339,7352012Revenue 2013: $340,803Expenses 2013: $406,438Net Income 2013: -$65,6352013Revenue 2014: $388,229Expenses 2014: $364,697Net Income 2014: $23,5322014Revenue 2015: $429,710Expenses 2015: $365,529Net Income 2015: $64,1812015Revenue 2016: $440,597Expenses 2016: $379,770Net Income 2016: $60,8272016Revenue 2017: $451,416Expenses 2017: $441,210Net Income 2017: $10,2062017Revenue 2018: $468,539Expenses 2018: $442,234Net Income 2018: $26,3052018Revenue 2019: $466,992Expenses 2019: $395,661Net Income 2019: $71,3312019Revenue 2020: $354,075Expenses 2020: $346,858Net Income 2020: $7,2172020Revenue 2021: $570,410Expenses 2021: $470,267Net Income 2021: $100,1432021Revenue 2022: $559,164Expenses 2022: $676,495Net Income 2022: -$117,3312022Revenue 2023: $588,091Expenses 2023: $736,250Net Income 2023: -$148,1592023Revenue 2024: $581,853Expenses 2024: $586,624Net Income 2024: -$4,7712024

Highlighted filing

2024

Revenue$581,853
Expenses$586,624
Net Income-$4,771

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$2.61$1.15$1.46$5.82$5.87$0.05
2023XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$3.02$1.51$1.51$5.88$7.36$1.48
2022Facts available. Structured filing facts are available, but richer extracted sections are limited.$4.39$1.40$2.99$5.59$6.76$1.17
2021Import issue. A filing source exists for this year, but detailed import did not complete cleanly.$4.45$0.29$4.16$5.70$4.70$1.00
2020Facts available. Structured filing facts are available, but richer extracted sections are limited.$3.37$0.21$3.16$3.54$3.47$0.07
2019XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$3.09$0.07$3.02$4.67$3.96$0.71
2018XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$2.32$0.01$2.31$4.69$4.42$0.26
2017XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$2.05$0.01$2.04$4.51$4.41$0.10
2016XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.95$0.00$1.94$4.41$3.80$0.61
2015XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.38$0.05$1.33$4.30$3.66$0.64
2014XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.84$0.14$0.69$3.88$3.65$0.24
2013Detailed filing. Detailed filing data is available for this year.$0.91$0.45$0.46$3.41$4.06$0.66
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.24$0.12$1.11$3.40
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.60$0.25$1.35$3.18
Latest Detailed Filing

The latest 2024 filing currently has linked XML that has not been fully parsed yet. Showing the latest detailed filing from 2022 below.

Jump To
Filing Snapshot
Filing Period
Jan 1, 2022 to Dec 31, 2022
Signed
Nov 15, 2023
Return Version
2022v5.0
Gross Receipts
$559,164
Mission and Program Overview

Mission

Our mission is to promote the city of bemidji to visitors and convention organizers by advertising, soliciting, conventions and by special promotions.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$295,916$210,798▼ $85,118
Land, Buildings, and Equipment, Net$26,663$132,480▲ $105,817
Accounts Receivable$63,826$67,032▲ $3,206
Prepaid Expenses and Deferred Charges$5,255$17,745▲ $12,490
Pledges and Grants Receivable-$10,000-
Savings and Temporary Cash Investments$53,827$986▼ $52,841
Total Assets$445,487$439,041▼ $6,446
Liabilities
Other Liabilities$7,195$89,346▲ $82,151
Accounts Payable and Accrued Expenses$21,834$50,568▲ $28,734
Total Liabilities$29,029$139,914▲ $110,885
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$416,458$299,127▼ $117,331
Total Net Assets Fund Balance$416,458$299,127▼ $117,331
Total Liabilities and Net Assets / Fund Balance$445,487$439,041▼ $6,446

Asset Categories

AssetBook ValueDepreciationBasis
Other Land Buildings$83,091$4,181$87,272
Equipment$49,389$31,726$81,115
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseTotal
Josh PetersonExecutive DirectorFT$75,194$75,194

Board Members and Trustees

NameTitle
Karrie NelsonPresident
Sheila MurphyVice President
Abby RandallDirector
Dave HengelDirector
Jason BrodinaDirector
Pete HarrisonDirector
Rich SiegertDirector
Ron JohnsonDirector
Dana LeeSecretary
Revenue and Support

Revenue Composition

Contributions and Grants
$10,000
Program Service Revenue
$541,677
Investment Income
$256
Other Revenue
$7,231
Change in Net Assets
$-117,331

Audited Revenue Reconciliation

Revenue per Audited Statements
$559,164
Total Revenue per Audited Statements
$559,164
Total Revenue per Form 990
$559,164
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$508,539
Salaries, Compensation, and Employee Benefits$167,956
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Advertising$426,061--$426,061
Other Salaries and Wages$91,193$60,796-$151,989
Travel$7,569$5,046-$12,615
Payroll Taxes$7,191$4,794-$11,985
Occupancy$6,078$4,052-$10,130
Depreciation Depletion$4,532$3,022-$7,554
All Other Expenses$2,995$1,996-$4,991
Other Expenses$2,762$1,842-$4,604
Pension Plan Contributions$2,389$1,593-$3,982
Office Expenses$2,036$1,357-$3,393
Insurance$618$412-$1,030
Total Functional Expenses$579,290$97,205$0$676,495

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$676,495
Total Expenses per Audited Statements$676,495
Total Expenses per Form 990$676,495
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
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Operating Lease Payable$83,091
Credit Card Payable$2,408
Financing Lease Payable$1,853
Accrued Payroll Taxes$1,717
Simple Ira Payable$277
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Audit committee
Yes
Backup withholding compliance
Yes
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
No
Conflict-of-interest policy
No
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990 governing body review Part VI line 11

When time permits, the 990 is reviewed by the board prior to signing by the president. In other cases, the board retroactively reviews the 990.

Conflict of interest policy compliance Part VI line 12C

If there is a vote by the board in which a board member has a conflict of interest, they abstain from voting.

CEO executive director top management comp Part VI line 15A

Employee salaries are set by the board of directors and the motion is recorded in the minutes of the meeting.

Governing documents etc available to public Part VI line 19

Governing documents and financial statements are available upon request.

Filing and Contact Details

Filer

Filer Name
Visitbemidji
EIN
41-1643724
Address
PO BOX 66, BEMIDJI, MN 56619-0066

Signing Officer

Name
Josh Peterson
Title
Executive Direc
Phone
2187590164
Signed
2023-11-15
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Karrie Nelson
Formed
1989
Legal Domicile
Mn
Voting Board Members
9
Independent Board Members
9
Employees
3

Preparer

Firm
Haukebo Van Batavia Holte LLC
Address
PO Box 348, Park Rapids, MN 56470
Preparer
Seth Holte
Phone
2187325769
Raw XML Appendix394 raw XML fields

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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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0WHEN TIME PERMITS, THE 990 IS REVIEWED BY THE BOARD PRIOR TO SIGNING BY THE PRESIDENT. IN OTHER CASES, THE BOARD RETROACTIVELY REVIEWS THE 990.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1IF THERE IS A VOTE BY THE BOARD IN WHICH A BOARD MEMBER HAS A CONFLICT OF INTEREST, THEY ABSTAIN FROM VOTING.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2EMPLOYEE SALARIES ARE SET BY THE BOARD OF DIRECTORS AND THE MOTION IS RECORDED IN THE MINUTES OF THE MEETING.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3GOVERNING DOCUMENTS AND FINANCIAL STATEMENTS ARE AVAILABLE UPON REQUEST.
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IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Conflict of interest policy compliance Part VI line 12c
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2CEO executive director top management comp Part VI line 15a
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3Governing documents etc available to public Part VI line 19
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ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0Haukebo Van Batavia Holte LLC
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt0PO Box 348
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0Park Rapids
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ReturnHeader/PreparerPersonGrp/PhoneNum02187325769
ReturnHeader/PreparerPersonGrp/PreparationDt02023-11-14
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0Seth Holte
ReturnHeader/ReturnTs02023-11-14T11:30:00-05:00
ReturnHeader/ReturnTypeCd0990
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ReturnHeader/TaxPeriodBeginDt02022-01-01
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ReturnHeader/TaxYr02022

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