Civic Intelligence

Red Wing Visitor & Convention Bureau

990 • Fiscal year 2013 • EIN 41-1759188

Jan 01, 2013 to Dec 31, 2013 • Filed on Nov 13, 2014

420 Levee Street55066

(651) 385-5934

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

57th percentile

0.02x

Higher debt load relative to assets than 57% of similar nonprofits.

2013 filings • 501(c)6 • <$500k nonprofits • Source year 2013

Liabilities / Revenue

56th percentile

0.01x

Higher debt load relative to revenue than 56% of similar nonprofits.

2013 filings • 501(c)6 • <$500k nonprofits • Source year 2013

Net Margin

71st percentile

11%

Higher net margin than 71% of similar nonprofits.

2013 filings • 501(c)6 • <$500k nonprofits • Source year 2013

Top Officer Pay

90th percentile

$60,744

Higher top officer pay than 90% of similar nonprofits.

Top officer pay equals 26.8% of source-year revenue.

2013 filings • 501(c)6 • <$500k nonprofits • Source year 2013

Asset Growth

79th percentile

25%

Faster asset growth than 79% of similar nonprofits.

2013 filings • 501(c)6 • <$500k nonprofits • Annualized from 2012 to 2013

Revenue Growth

54th percentile

3.6%

Faster revenue growth than 54% of similar nonprofits.

2013 filings • 501(c)6 • <$500k nonprofits • Annualized from 2010 to 2013

Assets

Up

$132,654

Up $26,222 (+25%) from 2012

Net Assets

Up

$130,520

Up $25,017 (+24%) from 2012

Liabilities

Up

$2,134

Up $1,205 (+130%) from 2012

Revenue

$226,327

No earlier filing loaded for comparison.

Expenses

Down

$201,310

Down $14,847 (-6.9%) from 2012

Net Income

$25,017

No earlier filing loaded for comparison.

Historical Trend

Balance Sheet Trend

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

$400K$300K$200K$100K$0Assets 2010: $110,154Liabilities 2010: $3,810Net Assets 2010: $106,3442010Assets 2011: $108,639Liabilities 2011: $2,513Net Assets 2011: $106,1262011Assets 2012: $106,432Liabilities 2012: $929Net Assets 2012: $105,5032012Assets 2013: $132,654Liabilities 2013: $2,134Net Assets 2013: $130,5202013Assets 2014: $141,539Liabilities 2014: $1,378Net Assets 2014: $140,1612014Assets 2015: $210,068Liabilities 2015: $1,862Net Assets 2015: $208,2062015Assets 2016: $258,674Liabilities 2016: $2,235Net Assets 2016: $256,4392016Assets 2017: $312,331Liabilities 2017: $2,289Net Assets 2017: $310,0422017Assets 2018: $322,455Liabilities 2018: $1,691Net Assets 2018: $320,7642018Assets 2019: $321,140Liabilities 2019: $2,827Net Assets 2019: $318,3132019Assets 2020: $243,006Liabilities 2020: $4,212Net Assets 2020: $238,7942020Assets 2021: $239,539Liabilities 2021: $3,126Net Assets 2021: $236,4132021Assets 2022: $235,093Liabilities 2022: $2,567Net Assets 2022: $232,5262022Assets 2023: $134,072Liabilities 2023: $2,067Net Assets 2023: $132,0052023Assets 2024: $196,921Liabilities 2024: $2,725Net Assets 2024: $194,1962024

Highlighted filing

2013

Assets$132,654
Liabilities$2,134
Net Assets$130,520

Operations Trend

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

$600K$400K$200K$0-$200KRevenue 2010: $203,793Expenses 2010: $174,770Net Income 2010: $29,0232010Expenses 2011: $209,9512011Expenses 2012: $216,1572012Revenue 2013: $226,327Expenses 2013: $201,310Net Income 2013: $25,0172013Revenue 2014: $209,055Expenses 2014: $199,414Net Income 2014: $9,6412014Revenue 2015: $272,037Expenses 2015: $203,993Net Income 2015: $68,0442015Revenue 2016: $256,336Expenses 2016: $208,103Net Income 2016: $48,2332016Revenue 2017: $271,360Expenses 2017: $217,757Net Income 2017: $53,6032017Revenue 2018: $273,758Expenses 2018: $263,036Net Income 2018: $10,7222018Revenue 2019: $308,108Expenses 2019: $310,559Net Income 2019: -$2,4512019Revenue 2020: $210,852Expenses 2020: $276,372Net Income 2020: -$65,5202020Revenue 2021: $323,390Expenses 2021: $336,592Net Income 2021: -$13,2022021Revenue 2022: $390,917Expenses 2022: $394,804Net Income 2022: -$3,8872022Revenue 2023: $332,766Expenses 2023: $433,287Net Income 2023: -$100,5212023Revenue 2024: $336,567Expenses 2024: $274,376Net Income 2024: $62,1912024

Highlighted filing

2013

Revenue$226,327
Expenses$201,310
Net Income$25,017
Jump To
Filing Snapshot
Filing Period
Jan 1, 2013 to Dec 31, 2013
Signed
Nov 13, 2014
Return Version
2013v3.0
Gross Receipts
$226,327
Mission and Program Overview

Mission

To encourage business and leisure travelers to choose red wing as a year-round cultural, recreational and meeting destination.

To encourage business and leisure travelers to chose red wing as a year round cultural, recreational and meeting destination.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$84,851$111,124▲ $26,273
Savings and Temporary Cash Investments$21,343$21,387▲ $44
Land, Buildings, and Equipment, Net$238$143▼ $95
Total Assets$106,432$132,654▲ $26,222
Liabilities
Accounts Payable and Accrued Expenses$929$2,134▲ $1,205
Total Liabilities$929$2,134▲ $1,205
Net Assets / Fund Balance
Unrestricted Net Assets$105,503$130,520▲ $25,017
Total Net Assets Fund Balance$105,503$130,520▲ $25,017
Total Liabilities and Net Assets / Fund Balance$106,432$132,654▲ $26,222

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$143$14,789-
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseTotal
Kathy SilverthornExecutive DirectorFT$60,744$60,744

Board Members and Trustees

NameTitle
Cathy NicholsPast President
Mike MckayPresident
Arne SkybergBoard Member
Dori MannBoard Member
Irene JohnsonBoard Member
John FalconerBoard Member
Neelam ShahBoard Member
Patty BrownBoard Member
Peter ZotalisBoard Member
Randy OlsonBoard Member
Scott GillmerBoard Member
Sean DowseBoard Member
Shari ChorneyBoard Member
Suzanne SimonsonBoard Member
Zig GudraisBoard Member
Dan GuidaTreasurer/secretary
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$212,473
Investment Income
$242
Other Revenue
$13,612
Change in Net Assets
$25,017

Audited Revenue Reconciliation

Revenue per Audited Statements
$226,327
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$0
Total Revenue per Audited Statements
$226,327
Total Revenue per Form 990
$226,327
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$110,563
Other Expenses$90,747
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Current Officers, Directors, Trustees, and Key Employees$54,062$6,682-$60,744
Other Salaries and Wages$24,180$2,989-$27,169
Office Expenses$22,156$2,738-$24,894
Advertising$22,040--$22,040
Occupancy$17,425$2,154-$19,579
Other Employee Benefits$12,570$1,554-$14,124
Payroll Taxes$7,588$938-$8,526
Conferences and Meetings$6,552$810-$7,362
Travel$4,385$542-$4,927
Insurance$2,059$254-$2,313
Other Expenses$745$92-$837
Fees for Services Accounting-$802-$802
Depreciation Depletion$85$10-$95
Total Functional Expenses$180,877$20,433$0$201,310

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$201,310
Total Expenses per Audited Statements$201,310
Total Expenses per Form 990$201,310
Expenses Not Reported on Financial Statements$0
Expenses Not Reported on Form 990$0
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
No
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
No
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section B, Line 11

Organization's process to review 990 - the organization gives the members of its finance committee a copy of the form 990 for review; however not all members of its governing board receive a copy of the form 990.

Form 990, Part VI, Section B, Line 15A

Reviews are sent to executive board and compiled by president.

Form 990, Part VI, Section C, Line 19

Governing documents disclosure explanation copies of the organization's governing documents, tax returns and financial statements are available to the public when requested.

Filing and Contact Details

Filer

EIN
41-1759188
Phone
6513855934

Signing Officer

Name
Mike Mckay
Title
President
Phone
6513855934
Signed
2014-11-13
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Mike Mckay
Formed
1994
Legal Domicile
Mn
Voting Board Members
17
Independent Board Members
17
Employees
3
Volunteers
0

Preparer

Preparer
Christopher J Kiecker
Phone
6513882858
Raw XML AppendixShowing 400 of 438 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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IRS990/OtherEmployeeBenefitsGrp/ProgramServicesAmt012570
IRS990/OtherEmployeeBenefitsGrp/TotalAmt014124
IRS990/OtherExpensesGrp/Desc0CONSULTING
IRS990/OtherExpensesGrp/Desc1VISITOR CENTER
IRS990/OtherExpensesGrp/Desc2EDUCATION & TRAINING
IRS990/OtherExpensesGrp/Desc3MISCELLANEOUS
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt0465
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt1228
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt2175
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt392
IRS990/OtherExpensesGrp/ProgramServicesAmt03762
IRS990/OtherExpensesGrp/ProgramServicesAmt11848
IRS990/OtherExpensesGrp/ProgramServicesAmt21420
IRS990/OtherExpensesGrp/ProgramServicesAmt3745
IRS990/OtherExpensesGrp/TotalAmt04227
IRS990/OtherExpensesGrp/TotalAmt12076
IRS990/OtherExpensesGrp/TotalAmt21595
IRS990/OtherExpensesGrp/TotalAmt3837
IRS990/OtherRevenueMiscGrp/BusinessCd0561500
IRS990/OtherRevenueMiscGrp/BusinessCd1900099
IRS990/OtherRevenueMiscGrp/BusinessCd2561500
IRS990/OtherRevenueMiscGrp/Desc0AMTRAK CONTRACT
IRS990/OtherRevenueMiscGrp/Desc1VISITOR GUIDE
IRS990/OtherRevenueMiscGrp/Desc2JEFFERSON LINE
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt07500
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt16000
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt262
IRS990/OtherRevenueMiscGrp/UnrelatedBusinessRevenueAmt07500
IRS990/OtherRevenueMiscGrp/UnrelatedBusinessRevenueAmt16000
IRS990/OtherRevenueMiscGrp/UnrelatedBusinessRevenueAmt262
IRS990/OtherRevenueTotalAmt013612
IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt02989
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt024180
IRS990/OtherSalariesAndWagesGrp/TotalAmt027169
IRS990/PartialLiquidationInd00
IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt0938
IRS990/PayrollTaxesGrp/ProgramServicesAmt07588
IRS990/PayrollTaxesGrp/TotalAmt08526
IRS990/PoliticalCampaignActyInd00
IRS990/PrincipalOfficerNm0MIKE MCKAY
IRS990/ProfessionalFundraisingInd00
IRS990/ProgramServiceRevenueGrp/BusinessCd0721000
IRS990/ProgramServiceRevenueGrp/BusinessCd1900099
IRS990/ProgramServiceRevenueGrp/BusinessCd2485000
IRS990/ProgramServiceRevenueGrp/Desc0LODGING TAX
IRS990/ProgramServiceRevenueGrp/Desc1GRANTS
IRS990/ProgramServiceRevenueGrp/Desc2MISCELLANEOUS
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt0202085
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt19000
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt21388
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt0202085
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt19000
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt21388
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt00
IRS990/PYGrantsAndSimilarPaidAmt00
IRS990/PYInvestmentIncomeAmt0242
IRS990/PYOtherExpensesAmt0108073
IRS990/PYOtherRevenueAmt018185
IRS990/PYProgramServiceRevenueAmt0197107
IRS990/PYRevenuesLessExpensesAmt0-623
IRS990/PYSalariesCompEmpBnftPaidAmt0108084
IRS990/PYTotalExpensesAmt0216157
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt0215534
IRS990/ReconcilationRevenueExpnssAmt025017
IRS990/RegularMonitoringEnfrcInd00
IRS990/RelatedEntityInd00
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd00
IRS990/ReportProgramRelatedInvstInd00
IRS990/RevenueAmt0212715
IRS990/SavingsAndTempCashInvstGrp/BOYAmt021343
IRS990/SavingsAndTempCashInvstGrp/EOYAmt021387
IRS990/ScheduleBRequiredInd00
IRS990ScheduleD/EquipmentGrp/BookValueAmt0143
IRS990ScheduleD/EquipmentGrp/DepreciationAmt014789
IRS990ScheduleD/EquipmentGrp/InvestmentCostOrOtherBasisAmt014932
IRS990ScheduleD/ExpensesNotReportedAmt00
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt00
IRS990ScheduleD/ExpensesSubtotalAmt0201310
IRS990ScheduleD/RevenueNotReportedAmt00
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt00
IRS990ScheduleD/RevenueSubtotalAmt0226327
IRS990ScheduleD/TotalBookValueLandBuildingsAmt0143
IRS990ScheduleD/TotalExpensesPerForm990Amt0201310
IRS990ScheduleD/TotalRevenuePerForm990Amt0226327
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt0226327
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt0201310
IRS990/ScheduleJRequiredInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0ORGANIZATION'S PROCESS TO REVIEW 990 - THE ORGANIZATION GIVES THE MEMBERS OF ITS FINANCE COMMITTEE A COPY OF THE FORM 990 FOR REVIEW; HOWEVER NOT ALL MEMBERS OF ITS GOVERNING BOARD RECEIVE A COPY OF THE FORM 990.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1REVIEWS ARE SENT TO EXECUTIVE BOARD AND COMPILED BY PRESIDENT.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2GOVERNING DOCUMENTS DISCLOSURE EXPLANATION COPIES OF THE ORGANIZATION'S GOVERNING DOCUMENTS, TAX RETURNS AND FINANCIAL STATEMENTS ARE AVAILABLE TO THE PUBLIC WHEN REQUESTED.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART VI, SECTION B, LINE 11
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, SECTION B, LINE 15A
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PART VI, SECTION C, LINE 19
IRS990/SchoolOperatingInd00
IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
IRS990/StatesWhereCopyOfReturnIsFldCd0MN
IRS990/SubjectToProxyTaxInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TempOrPermanentEndowmentsInd00
IRS990/TerminateOperationsInd00
IRS990/TotalAssetsBOYAmt0106432
IRS990/TotalAssetsEOYAmt0132654
IRS990/TotalAssetsGrp/BOYAmt0106432
IRS990/TotalAssetsGrp/EOYAmt0132654
IRS990/TotalCompGreaterThan150KInd00
IRS990/TotalEmployeeCnt03
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt020433
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0180877
IRS990/TotalFunctionalExpensesGrp/TotalAmt0201310
IRS990/TotalGrossUBIAmt013612
IRS990/TotalLiabilitiesBOYAmt0929
IRS990/TotalLiabilitiesEOYAmt02134
IRS990/TotalLiabilitiesGrp/BOYAmt0929
IRS990/TotalLiabilitiesGrp/EOYAmt02134
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0105503
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0130520
IRS990/TotalOtherCompensationAmt00
IRS990/TotalProgramServiceExpensesAmt0180877
IRS990/TotalProgramServiceRevenueAmt0212473
IRS990/TotalReportableCompFromOrgAmt060744
IRS990/TotalRevenueGrp/ExclusionAmt00
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt0212715
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0226327
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt013612
IRS990/TotalVolunteersCnt00
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt0106432
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt0132654
IRS990/TotReportableCompRltdOrgAmt00
IRS990/TravelGrp/ManagementAndGeneralAmt0542
IRS990/TravelGrp/ProgramServicesAmt04385
IRS990/TravelGrp/TotalAmt04927
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd01
IRS990/UnrestrictedNetAssetsGrp/BOYAmt0105503

Document Assets

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Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$1.97$0.03$1.94$3.37$2.74$0.62
2023Detailed filing. Detailed filing data is available for this year.$1.34$0.02$1.32$3.33$4.33$1.01
2022Detailed filing. Detailed filing data is available for this year.$2.35$0.03$2.33$3.91$3.95$0.04
2021Detailed filing. Detailed filing data is available for this year.$2.40$0.03$2.36$3.23$3.37$0.13
2020Detailed filing. Detailed filing data is available for this year.$2.43$0.04$2.39$2.11$2.76$0.66
2019Detailed filing. Detailed filing data is available for this year.$3.21$0.03$3.18$3.08$3.11$0.02
2018Detailed filing. Detailed filing data is available for this year.$3.22$0.02$3.21$2.74$2.63$0.11
2017Detailed filing. Detailed filing data is available for this year.$3.12$0.02$3.10$2.71$2.18$0.54
2016Detailed filing. Detailed filing data is available for this year.$2.59$0.02$2.56$2.56$2.08$0.48
2015Detailed filing. Detailed filing data is available for this year.$2.10$0.02$2.08$2.72$2.04$0.68
2014Detailed filing. Detailed filing data is available for this year.$1.42$0.01$1.40$2.09$1.99$0.10
2013Detailed filing. Detailed filing data is available for this year.$1.33$0.02$1.31$2.26$2.01$0.25
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.06$0.01$1.06$2.16
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.09$0.03$1.06$2.10
2010Summary only. Only limited summary data is available for this year.$1.10$0.04$1.06$2.04$1.75$0.29