Civic Intelligence

Little Falls Convention and Visitors Bureau

990 • Fiscal year 2017 • EIN 41-1952750

Jan 01, 2017 to Dec 31, 2017 • Filed on Feb 14, 2018

606 First St SELittle Falls, MN 56345

(320) 616-4959

Siviq Scores

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

Liabilities / Assets

47th percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

2017 filings • 501(c)6 • <$500k nonprofits • Source year 2017

Liabilities / Revenue

47th percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

2017 filings • 501(c)6 • <$500k nonprofits • Source year 2017

Net Margin

59th percentile

5.8%

Higher net margin than 59% of similar nonprofits.

2017 filings • 501(c)6 • <$500k nonprofits • Source year 2017

Top Officer Pay

86th percentile

$50,249

Higher top officer pay than 86% of similar nonprofits.

Top officer pay equals 21.7% of source-year revenue.

2017 filings • 501(c)6 • <$500k nonprofits • Source year 2017

Asset Growth

12th percentile

-28%

Faster asset growth than 12% of similar nonprofits.

2017 filings • 501(c)6 • <$500k nonprofits • Annualized from 2016 to 2017

Revenue Growth

86th percentile

29%

Faster revenue growth than 86% of similar nonprofits.

2017 filings • 501(c)6 • <$500k nonprofits • Annualized from 2016 to 2017

Assets

Down

$24,719

Down $9,762 (-28%) from 2016

Net Assets

Up

$24,719

Up $13,459 (+120%) from 2016

Liabilities

Down

$0

Down $23,221 (-100%) from 2016

Revenue

Up

$232,072

Up $52,490 (+29%) from 2016

Expenses

Up

$218,613

Up $9,686 (+4.6%) from 2016

Net Income

Up

$13,459

Up $42,804 (+146%) from 2016

Historical Trend

Balance Sheet Trend

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

$150K$100K$50K$0Assets 2011: $78,741Liabilities 2011: $02011Assets 2012: $61,193Liabilities 2012: $0Net Assets 2012: $61,1932012Assets 2013: $56,767Liabilities 2013: $0Net Assets 2013: $56,7672013Assets 2014: $40,458Liabilities 2014: $0Net Assets 2014: $40,4582014Assets 2015: $40,605Liabilities 2015: $0Net Assets 2015: $40,6052015Assets 2016: $34,481Liabilities 2016: $23,221Net Assets 2016: $11,2602016Assets 2017: $24,719Liabilities 2017: $0Net Assets 2017: $24,7192017Assets 2018: $37,154Liabilities 2018: $0Net Assets 2018: $37,1542018Assets 2019: $71,387Liabilities 2019: $0Net Assets 2019: $71,3872019Assets 2020: $74,216Liabilities 2020: $0Net Assets 2020: $74,2162020Assets 2021: $64,187Liabilities 2021: $0Net Assets 2021: $64,1872021Assets 2022: $121,389Liabilities 2022: $0Net Assets 2022: $121,3892022Assets 2023: $0Liabilities 2023: $0Net Assets 2023: $02023

Highlighted filing

2017

Assets$24,719
Liabilities$0
Net Assets$24,719

Operations Trend

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

$400K$200K$0-$200KRevenue 2011: $162,684Expenses 2011: $153,214Net Income 2011: $9,4702011Expenses 2012: $176,9582012Revenue 2013: $164,415Expenses 2013: $168,841Net Income 2013: -$4,4262013Revenue 2014: $178,092Expenses 2014: $194,401Net Income 2014: -$16,3092014Revenue 2015: $194,776Expenses 2015: $194,629Net Income 2015: $1472015Revenue 2016: $179,582Expenses 2016: $208,927Net Income 2016: -$29,3452016Revenue 2017: $232,072Expenses 2017: $218,613Net Income 2017: $13,4592017Revenue 2018: $249,039Expenses 2018: $236,604Net Income 2018: $12,4352018Revenue 2019: $252,565Expenses 2019: $218,332Net Income 2019: $34,2332019Revenue 2020: $181,001Expenses 2020: $178,172Net Income 2020: $2,8292020Revenue 2021: $247,478Expenses 2021: $257,507Net Income 2021: -$10,0292021Revenue 2022: $299,197Expenses 2022: $241,995Net Income 2022: $57,2022022Revenue 2023: $273,834Expenses 2023: $395,223Net Income 2023: -$121,3892023

Highlighted filing

2017

Revenue$232,072
Expenses$218,613
Net Income$13,459
Jump To
Filing Snapshot
Filing Period
Jan 1, 2017 to Dec 31, 2017
Signed
Feb 14, 2018
Return Version
2017v2.2
Gross Receipts
$232,072
Mission and Program Overview

Mission

Attract visitors to little falls via advertising & promotions.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$34,481$24,719▼ $9,762
Total Assets$34,481$24,719▼ $9,762
Liabilities
Other Liabilities$23,221$0▼ $23,221
Total Liabilities$23,221$0▼ $23,221
Net Assets / Fund Balance
Unrestricted Net Assets$11,260$24,719▲ $13,459
Total Net Assets Fund Balance$11,260$24,719▲ $13,459
Total Liabilities and Net Assets / Fund Balance$34,481$24,719▼ $9,762
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseTotal
Kristina M VonbergeExecutive DirectorFT$50,249$50,249

Board Members and Trustees

NameTitle
Raquel LundbergPresident
Jill MooreVice President
Deb BoelzDirector
Jon RademacherDirector
Marge NelsonDirector
Michael LattimerDirector
Ronalee LashinskiDirector
Ssg Tim KrouthDirector
Tony ArmagostDirector
Melissa PetersonSecretary
Tomas ZimmermanTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$146,556
Program Service Revenue
$85,476
Investment Income
$40
Other Revenue
$0
All Other Contributions
$146,556
Change in Net Assets
$13,459
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$147,045
Salaries, Compensation, and Employee Benefits$69,858
Grants and Similar Amounts Paid$1,710
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Advertising---$67,050
Current Officers, Directors, Trustees, and Key Employees---$50,249
Office Expenses---$27,615
Occupancy---$19,352
Other Salaries and Wages---$15,327
Payroll Taxes---$4,282
Travel---$2,586
Grants to Domestic Orgs---$1,710
Other Expenses---$62
Total Functional Expenses$0$0$0$218,613
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
Yes
Annual disclosure for covered persons
Yes
Audit committee
Yes
Backup withholding compliance
Yes
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
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section B, Line 11B

The board does an annual review in february with the organization's accountant.

Form 990, Part VI, Section B, Line 12C

If a board member had any personal connection to a voting opportunity they would recuse themselves from the vote.

Form 990, Part VI, Section B, Line 15

Annual and new employee evaluation. The new employee will start full time february 1, 2018.

Form 990, Part VI, Section C, Line 18

They are available only upon request.

Form 990, Part VI, Section C, Line 19

The little falls convention and visitors bureau is a 501.c.6 and if a request is to see the records and or the accounts the process is a written request by requestor in writing or email. The executive director shares with the cvb board and has one week or five working days to comply with the request. Events, tours, and conferences are often attended by the director.

Filing and Contact Details

Filer

Filer Name
Little Falls Convention
EIN
41-1952750
Phone
3206164959
Address
606 FIRST ST SE, LITTLE FALLS, MN 56345

Signing Officer

Name
Raquel Lundberg
Title
President
Phone
3206164959
Signed
2018-02-14
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Raquel Lundberg
Formed
1999
Legal Domicile
Mn
Voting Board Members
9
Independent Board Members
9
Employees
6
Volunteers
15

Preparer

Firm
SCHLENNER WENNER & CO CPA'S PA
Address
PO BOX 1496, ST CLOUD, MN 56302-1496
Preparer
Shelley Gaetz
Phone
3202510286
Supplemental Narrative

Financial Statement Notes

PART X, LINE 2:

U.s. Gaap requires management to evaluate tax positions taken by the organization and recognize a tax liability if the organization has taken an uncertain position that more likely than not would not be sustained upon examination by the internal revenue service. Management has analyzed the tax positions taken by the organization, and has concluded that as of december 31, 2017, there are no uncertain positions taken or expected to be taken that would require recognition of a liability or disclosure in the financial statements. The organization is subject to routine audits by taxing jurisdictions; however, there are currently no audits for any tax periods in progress. The organization believes it is no longer subject to income tax examinations for years prior to 2013.

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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/Desc0- 40,000 LITTLE FALLS VISITORS GUIDES DISTRIBUTED IN MN, WI, ND, AND SD. USED FOUR DISTRIBUTION OUTLETS/COMPANIES: 12,000 IN DISTRIBUTION COSTS.- INTERNET AND SOCIAL MEDIA FOCUS: SEO ADVERTISING THROUGH MULTIPLE COMPANIES, FACEBOOK, INSTAGRAM, AND TWITTER. INCREASE AUDIENCE BY 4,000 IN 2017.- INCREASED DIGITAL FENCING IN 2017 TO TARGET CERTAIN DEMOGRAPHIC.- ATTENDED EXPLORE MN CONFERENCE IN 2017.- ATTENDED A HEARTLAND TOURISM ANNUAL MEETING.- SCSU HPC CLASS ON SOLUTIONS FOR SUMMER 2019 CONSTRUCTION OBSTACLES.- WORKED WITH THE SCSU TOURISM CLASS AND PRESENTED EACH SEMESTER.- MULTIPLE WEBINAR SESSIONS ON RURAL MN/ARTS/DESTINATION BUILDING/COMMUNITY COLLABORATION.- WORKED WITH CITY AND INITATIVE FOUNDATION OF GRANT FOR 2018 PUBLIC ART PROJECT. 3000 GRANTS.- ATTENDED RURAL MN ART SUMMIT.- UNIVERSITY OF MN TOURISM BOARD MEMBER.- HOSTED 17 BUS GROUPS TO LITTLE FALLS. EACH BUS GROUP SPENT AT ATTRACTIONS, DINNER, GUIDE, AND SHOPPING. EACH 50 PASSENGER BUSES EQUATED TO 2000 TO THE COMMUNITY.- CONTINUED TO COLLABORATE WITH ATTRACTIONS, LODGING, AND RESTAURANTS TO HELP INCREASE THE ADVERTISING OPPORTUNITIES.- WORKED 2ND YEAR WITH SUCCESS FOR HOLIDAY TOURS IN LITTLE FALLS. WITH LINDBERGH, LINDEN HILL, FISHING MUSEUM AND CVB. MARKETED AND ADVERTISED FOR THE COMMUNITY.- WORKED A CHARLES LINDBERFH EVENT IN MAY 2017.- MONTHLY CONVENTION AND VISITORS BOARD MEETING.- TOURISTS THROUGH THE SENATOR ROSENMEIER HOME 2017: 4900- COORDINATED FIVE MORE ARTISTIC GARBAGE CANS FOR CITY USE, THREE NEW DESIGNS FOR HISTORIC SITES THROUGH CANVAS ART FOR MESSAGE CENTERS AND VARIOUS LOCATIONS.- SCHEDULED 100 BICYCLE RIDERS FOR SUMMER 2018 (TOUR MN BIKE EVENT - FORMER AMY KLOBACHAR RIDE).- WORKED WITH THE RETIRED VETERANS ON COMMUNITY OPPORTUNITIES, WARRANT OFFICER CLASS COORDINATION FOR PINE GROVE PARK CLEANUP PROJECT.
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IRS990/Form990PartVIISectionAGrp/TitleTxt0PRESIDENT
IRS990/Form990PartVIISectionAGrp/TitleTxt1VICE PRESIDENT
IRS990/Form990PartVIISectionAGrp/TitleTxt2SECRETARY
IRS990/Form990PartVIISectionAGrp/TitleTxt3TREASURER
IRS990/Form990PartVIISectionAGrp/TitleTxt4DIRECTOR
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IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0U.S. GAAP REQUIRES MANAGEMENT TO EVALUATE TAX POSITIONS TAKEN BY THE ORGANIZATION AND RECOGNIZE A TAX LIABILITY IF THE ORGANIZATION HAS TAKEN AN UNCERTAIN POSITION THAT MORE LIKELY THAN NOT WOULD NOT BE SUSTAINED UPON EXAMINATION BY THE INTERNAL REVENUE SERVICE. MANAGEMENT HAS ANALYZED THE TAX POSITIONS TAKEN BY THE ORGANIZATION, AND HAS CONCLUDED THAT AS OF DECEMBER 31, 2017, THERE ARE NO UNCERTAIN POSITIONS TAKEN OR EXPECTED TO BE TAKEN THAT WOULD REQUIRE RECOGNITION OF A LIABILITY OR DISCLOSURE IN THE FINANCIAL STATEMENTS. THE ORGANIZATION IS SUBJECT TO ROUTINE AUDITS BY TAXING JURISDICTIONS; HOWEVER, THERE ARE CURRENTLY NO AUDITS FOR ANY TAX PERIODS IN PROGRESS. THE ORGANIZATION BELIEVES IT IS NO LONGER SUBJECT TO INCOME TAX EXAMINATIONS FOR YEARS PRIOR TO 2013.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0PART X, LINE 2:
IRS990ScheduleD/TotalBookValueLandBuildingsAmt00
IRS990/ScheduleJRequiredInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE BOARD DOES AN ANNUAL REVIEW IN FEBRUARY WITH THE ORGANIZATION'S ACCOUNTANT.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1IF A BOARD MEMBER HAD ANY PERSONAL CONNECTION TO A VOTING OPPORTUNITY THEY WOULD RECUSE THEMSELVES FROM THE VOTE.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2ANNUAL AND NEW EMPLOYEE EVALUATION. THE NEW EMPLOYEE WILL START FULL TIME FEBRUARY 1, 2018.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3THEY ARE AVAILABLE ONLY UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4THE LITTLE FALLS CONVENTION AND VISITORS BUREAU IS A 501.C.6 AND IF A REQUEST IS TO SEE THE RECORDS AND OR THE ACCOUNTS THE PROCESS IS A WRITTEN REQUEST BY REQUESTOR IN WRITING OR EMAIL. THE EXECUTIVE DIRECTOR SHARES WITH THE CVB BOARD AND HAS ONE WEEK OR FIVE WORKING DAYS TO COMPLY WITH THE REQUEST. EVENTS, TOURS, AND CONFERENCES ARE OFTEN ATTENDED BY THE DIRECTOR.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART VI, SECTION B, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, SECTION B, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PART VI, SECTION B, LINE 15
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PART VI, SECTION C, LINE 18
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 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/TotalAssetsBOYAmt034481
IRS990/TotalAssetsEOYAmt024719
IRS990/TotalAssetsGrp/BOYAmt034481
IRS990/TotalAssetsGrp/EOYAmt024719
IRS990/TotalCompGreaterThan150KInd00
IRS990/TotalContributionsAmt0146556
IRS990/TotalEmployeeCnt06
IRS990/TotalFunctionalExpensesGrp/TotalAmt0218613
IRS990/TotalGrossUBIAmt029706
IRS990/TotalLiabilitiesBOYAmt023221
IRS990/TotalLiabilitiesEOYAmt00
IRS990/TotalLiabilitiesGrp/BOYAmt023221
IRS990/TotalLiabilitiesGrp/EOYAmt00
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt011260
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt024719
IRS990/TotalOtherCompensationAmt00
IRS990/TotalProgramServiceExpensesAmt0218613
IRS990/TotalProgramServiceRevenueAmt085476
IRS990/TotalReportableCompFromOrgAmt050249
IRS990/TotalRevenueGrp/ExclusionAmt040
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt055770
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0232072
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt029706
IRS990/TotalVolunteersCnt015
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt034481
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt024719
IRS990/TotReportableCompRltdOrgAmt00
IRS990/TravelGrp/TotalAmt02586
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd01
IRS990/UnrestrictedNetAssetsGrp/BOYAmt011260
IRS990/UnrestrictedNetAssetsGrp/EOYAmt024719
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt0606 FIRST ST SE
IRS990/USAddress/CityNm0LITTLE FALLS
IRS990/USAddress/StateAbbreviationCd0MN
IRS990/USAddress/ZIPCd056345
IRS990/VotingMembersGoverningBodyCnt09
IRS990/VotingMembersIndependentCnt09
IRS990/WebsiteAddressTxt0WWW.LITTLEFALLSMN.COM
IRS990/WhistleblowerPolicyInd01
ReturnHeader/BuildTS02018-06-14 16:35:46Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd01
ReturnHeader/BusinessOfficerGrp/PersonNm0RAQUEL LUNDBERG
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0PRESIDENT
ReturnHeader/BusinessOfficerGrp/PhoneNum03206164959
ReturnHeader/BusinessOfficerGrp/SignatureDt02018-02-14
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0LITTLE FALLS CONVENTION
ReturnHeader/Filer/BusinessName/BusinessNameLine2Txt0AND VISITORS BUREAU
ReturnHeader/Filer/BusinessNameControlTxt0LITT
ReturnHeader/Filer/EIN0411952750
ReturnHeader/Filer/PhoneNum03206164959
ReturnHeader/Filer/USAddress/AddressLine1Txt0606 FIRST ST SE
ReturnHeader/Filer/USAddress/CityNm0LITTLE FALLS
ReturnHeader/Filer/USAddress/StateAbbreviationCd0MN
ReturnHeader/Filer/USAddress/ZIPCd056345
ReturnHeader/FilingSecurityInformation/AtSubmissionCreationDeviceId0BA3FD550791014EEC8D1A7612A075AE2930268AA
ReturnHeader/FilingSecurityInformation/AtSubmissionFilingDeviceId0A193F6EB135380290E809DDAD6DE4C7958998413
ReturnHeader/FilingSecurityInformation/FilingLicenseTypeCd0P
ReturnHeader/FilingSecurityInformation/IPAddress/IPv4AddressTxt064.88.174.3
ReturnHeader/FilingSecurityInformation/IPDt02018-02-14
ReturnHeader/FilingSecurityInformation/IPTimezoneCd0CS
ReturnHeader/FilingSecurityInformation/IPTm013:51:43
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0411656121
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0SCHLENNER WENNER & CO CPA'S PA
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt0PO BOX 1496
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0ST CLOUD
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0MN
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd0563021496
ReturnHeader/PreparerPersonGrp/PhoneNum03202510286
ReturnHeader/PreparerPersonGrp/PreparationDt02018-02-14
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0SHELLEY GAETZ
ReturnHeader/ReturnTs02018-02-23T14:33:24-06:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02017-01-01
ReturnHeader/TaxPeriodEndDt02017-12-31
ReturnHeader/TaxYr02017

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