Civic Intelligence

Little Falls Convention and Visitors Bureau

990 • Fiscal year 2019 • EIN 41-1952750

Jan 01, 2019 to Dec 31, 2019 • Filed on Apr 16, 2020

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.

2019 filings • 501(c)6 • <$500k nonprofits • Source year 2019

Liabilities / Revenue

47th percentile

0.00x

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

2019 filings • 501(c)6 • <$500k nonprofits • Source year 2019

Net Margin

74th percentile

14%

Higher net margin than 74% of similar nonprofits.

2019 filings • 501(c)6 • <$500k nonprofits • Source year 2019

Top Officer Pay

71st percentile

$0

Higher top officer pay than 71% of similar nonprofits.

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

2019 filings • 501(c)6 • <$500k nonprofits • Source year 2019

Asset Growth

95th percentile

92%

Faster asset growth than 95% of similar nonprofits.

2019 filings • 501(c)6 • <$500k nonprofits • Annualized from 2018 to 2019

Revenue Growth

51st percentile

1.4%

Faster revenue growth than 51% of similar nonprofits.

2019 filings • 501(c)6 • <$500k nonprofits • Annualized from 2018 to 2019

Assets

Up

$71,387

Up $34,233 (+92%) from 2018

Net Assets

Up

$71,387

Up $34,233 (+92%) from 2018

Liabilities

Flat

$0

Flat from 2018

Revenue

Up

$252,565

Up $3,526 (+1.4%) from 2018

Expenses

Down

$218,332

Down $18,272 (-7.7%) from 2018

Net Income

Up

$34,233

Up $21,798 (+175%) from 2018

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

2019

Assets$71,387
Liabilities$0
Net Assets$71,387

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

2019

Revenue$252,565
Expenses$218,332
Net Income$34,233
Jump To
Filing Snapshot
Filing Period
Jan 1, 2019 to Dec 31, 2019
Signed
Apr 16, 2020
Return Version
2019v5.1
Gross Receipts
$252,565
Mission and Program Overview

Mission

Attract visitors to little falls via advertising & promotions.

Balance Sheet Detail
LineBeginningEndChange
Assets
Savings and Temporary Cash Investments-$71,387-
Cash and Non-Interest-Bearing Accounts$37,154--
Total Assets$37,154$71,387▲ $34,233
Liabilities
Total Liabilities$0$0→ $0
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$37,154$71,387▲ $34,233
Total Net Assets Fund Balance$37,154$71,387▲ $34,233
Total Liabilities and Net Assets / Fund Balance$37,154$71,387▲ $34,233
Compensation and Service Providers

Board Members and Trustees

NameTitle
Raquel LundbergPresident
Tony ArmagostVice President
Deb BoelzBoard Liaison
Jon RademacherBoard Liaison
Christina JohnsonDirector
Julia MuellerDirector
Kyle WensmannDirector
Melissa PetersonDirector
Ssg Tim KrouthDirector
Ronalee LashinskiSecretary
Tomas ZimmermanTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$209,794
Program Service Revenue
$42,710
Investment Income
$61
Other Revenue
$0
All Other Contributions
$1,487
Change in Net Assets
$34,233
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$123,215
Salaries, Compensation, and Employee Benefits$95,117
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages---$85,998
Advertising---$42,021
Office Expenses---$12,550
Occupancy---$9,100
Payroll Taxes---$6,719
Travel---$5,065
Other Expenses---$4,927
Insurance---$2,473
Other Employee Benefits---$2,400
All Other Expenses---$2,224
Fees for Services Accounting---$1,180
Total Functional Expenses$0$0$0$218,332
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 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
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 with the organization's accountant prior to filing of the 990.

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

The organization completes an annual employee evaluation to determine the employee's compensation.

Form 990, Part VI, Section C, Line 18

These documents are made available only upon request.

Form 990, Part VI, Section C, Line 19

If a request is to see the records or the accounts of the organizaiton, the process is a written request in writing or email. The executive director shares with the cvb board and has 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
Kristina Vonberge
Title
Executive Director
Phone
3206164959
Signed
2020-04-16
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Kristina Vonberge
Formed
1999
Legal Domicile
Mn
Voting Board Members
9
Independent Board Members
9
Employees
2
Volunteers
5

Preparer

Firm
SCHLENNER WENNER & CO CPA'S PA
Address
630 ROOSEVELT RD STE 201, ST CLOUD, MN 56301
Preparer
Andrea L Miller
Phone
3202510286
Supplemental Narrative

Financial Statement Notes

PART X, LINE 2:

The little falls convention and visitors bureau is recognized by the internal revenue service as a not-for-profit organization under irs code section 501(c)(6). Due to the not-for-profit nature and provision of the organization, all income and expenses attributable to the mission of the organization are tax exempt and accordingly no provision or liability for income taxes have been made in the financial statements and contributions to the organization are tax deductible to donors as allowed by irs regulations. However, the organization is required to pay state and federal income taxes on unrelated business income. If the organization were to engage in any activities that resulted in unrelated business income, a tax would be assessed on that activity. The organization is open and subject to examination generally for three years after the filing date.

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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- 20,000 LITTLE FALLS VISITORS GUIDES DISTRIBUTED IN MN, WI, ND, AND SD. USED FOUR DISTRIBUTION OUTLETS/COMPANIES: 10,000 IN DISTRIBUTION COSTS.- CREATED, DESIGNED, AND DISTRIBUTED CONSTRUCTION MAPS, BILLBOARDS, AND ADVERTISING.- INTERNET AND SOCIAL MEDIA FOCUS: SEO ADVERTISING THROUGH MULTIPLE COMPANIES, FACEBOOK, INSTAGRAM, AND TWITTER. INCREASE AUDIENCE BY 4,000 IN 2019.- INCREASED DIGITAL ADVERTISING IN 2019 TO TARGET AUDIENCE.- ATTENDED EXPLORE MN CONFERENCE IN 2019.- ATTENDED A HEARTLAND TOURISM ANNUAL MEETING.- ATTENDED THE HPC MONTHLY MEETINGS.- ATTENDED NETWORKING GROUP MEETINGS - MISSISSIPPI CONNECTIONS.- ATTENDED A MN ASSOCIATION OF CONVENTION AND VISITORS BUREAU MEETING AND ANNUAL CONFERENCE 2019.- SCSU TOURISM CLASS ON SOLUTIONS FOR SUMMER 2019 CONSTRUCTION OBSTACLES.- WORKED WITH THE SCSU TOURISM CLASS AND PRESENTED EACH SEMESTER.- WORKED WITH GREAT RIVER ARTS & GREAT RIVER ARTS TV ON COMMUNITY EVENTS TO INCREASE TOURISM AND BIG DIG BLOCK PARTIES. - MULTIPLE WEBINAR SESSIONS ON RURAL MN/ARTS/DESTINATION BUILDING/COMMUNITY COLLABORATION.- WORKED WITH CITY AND INITATIVE FOUNDATION OF GRANT FOR 2018 PUBLIC ART PROJECT. 3,000 GRANTS.- UNIVERSITY OF MN TOURISM BOARD MEMBER.- HOSTED 15 BUS GROUPS TO LITTLE FALLS. EACH BUS GROUP SPENT AT ATTRACTIONS, DINNER, GUIDE, AND SHOPPING. EACH 50 PASSENGER BUSES EQUATED TO 2,000 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.- MONTHLY CONVENTION AND VISITORS BOARD MEETINGS.- TOURISTS THROUGH THE SENATOR ROSENMEIER HOME 2018: 5,100.- COORDINATED ONE ARTISTIC GARBAGE CANS FOR CITY USE.- ATTENDED AND CO FACILITATED THE BIG DIG CONSTRUCTION 2019 PLANNING.- FACILITATED A SAVE THE DATE EVENT FOR ALL AREA ORGANIZATIONS TO HELP SELL LITTLE FALLS WITH EVENTS TO THE PUBLIC.- HOSTED 300 BICYCLE RIDERS FOR SUMMER 2018 (TOUR MN BIKE EVENT - FORMER AMY KLOBACHAR RIDE). DINNER/LOGISTICS. - WORKED WITH THE RETIRED VETERANS ON COMMUNITY OPPORTUNITIES.
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IRS990/Form990PartVIISectionAGrp/TitleTxt0PRESIDENT
IRS990/Form990PartVIISectionAGrp/TitleTxt1VICE PRESIDENT
IRS990/Form990PartVIISectionAGrp/TitleTxt2SECRETARY
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IRS990/Form990PartVIISectionAGrp/TitleTxt4DIRECTOR
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IRS990/ScheduleBRequiredInd01
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0THE LITTLE FALLS CONVENTION AND VISITORS BUREAU IS RECOGNIZED BY THE INTERNAL REVENUE SERVICE AS A NOT-FOR-PROFIT ORGANIZATION UNDER IRS CODE SECTION 501(C)(6). DUE TO THE NOT-FOR-PROFIT NATURE AND PROVISION OF THE ORGANIZATION, ALL INCOME AND EXPENSES ATTRIBUTABLE TO THE MISSION OF THE ORGANIZATION ARE TAX EXEMPT AND ACCORDINGLY NO PROVISION OR LIABILITY FOR INCOME TAXES HAVE BEEN MADE IN THE FINANCIAL STATEMENTS AND CONTRIBUTIONS TO THE ORGANIZATION ARE TAX DEDUCTIBLE TO DONORS AS ALLOWED BY IRS REGULATIONS. HOWEVER, THE ORGANIZATION IS REQUIRED TO PAY STATE AND FEDERAL INCOME TAXES ON UNRELATED BUSINESS INCOME. IF THE ORGANIZATION WERE TO ENGAGE IN ANY ACTIVITIES THAT RESULTED IN UNRELATED BUSINESS INCOME, A TAX WOULD BE ASSESSED ON THAT ACTIVITY. THE ORGANIZATION IS OPEN AND SUBJECT TO EXAMINATION GENERALLY FOR THREE YEARS AFTER THE FILING DATE.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0PART X, LINE 2:
IRS990ScheduleD/TotalBookValueLandBuildingsAmt00
IRS990/ScheduleJRequiredInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE BOARD DOES AN ANNUAL REVIEW WITH THE ORGANIZATION'S ACCOUNTANT PRIOR TO FILING OF THE 990.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1IF A BOARD MEMBER HAD ANY PERSONAL CONNECTION TO A VOTING OPPORTUNITY, THEY WOULD RECUSE THEMSELVES FROM THE VOTE.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE ORGANIZATION COMPLETES AN ANNUAL EMPLOYEE EVALUATION TO DETERMINE THE EMPLOYEE'S COMPENSATION.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3THESE DOCUMENTS ARE MADE AVAILABLE ONLY UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4IF A REQUEST IS TO SEE THE RECORDS OR THE ACCOUNTS OF THE ORGANIZAITON, THE PROCESS IS A WRITTEN REQUEST IN WRITING OR EMAIL. THE EXECUTIVE DIRECTOR SHARES WITH THE CVB BOARD AND HAS 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/SubjectToExcsTaxNetInvstIncInd00
IRS990/SubjectToProxyTaxInd00
IRS990/SubjToTaxRmnrtnExPrchtPymtInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TerminateOperationsInd00
IRS990/TotalAssetsBOYAmt037154
IRS990/TotalAssetsEOYAmt071387
IRS990/TotalAssetsGrp/BOYAmt037154
IRS990/TotalAssetsGrp/EOYAmt071387
IRS990/TotalCompGreaterThan150KInd00
IRS990/TotalContributionsAmt0209794
IRS990/TotalEmployeeCnt02
IRS990/TotalFunctionalExpensesGrp/TotalAmt0218332
IRS990/TotalGrossUBIAmt026288
IRS990/TotalLiabilitiesBOYAmt00
IRS990/TotalLiabilitiesEOYAmt00
IRS990/TotalLiabilitiesGrp/BOYAmt00
IRS990/TotalLiabilitiesGrp/EOYAmt00
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt037154
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt071387
IRS990/TotalOtherCompensationAmt00
IRS990/TotalProgramServiceExpensesAmt0218332
IRS990/TotalProgramServiceRevenueAmt042710
IRS990/TotalReportableCompFromOrgAmt00
IRS990/TotalRevenueGrp/ExclusionAmt061
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt016422
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0252565
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt026288
IRS990/TotalVolunteersCnt05
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt037154
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt071387
IRS990/TotReportableCompRltdOrgAmt00
IRS990/TravelGrp/TotalAmt05065
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd01
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/BuildTS02021-04-22 16:20:28Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd01
ReturnHeader/BusinessOfficerGrp/PersonNm0KRISTINA VONBERGE
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0EXECUTIVE DIRECTOR
ReturnHeader/BusinessOfficerGrp/PhoneNum03206164959
ReturnHeader/BusinessOfficerGrp/SignatureDt02020-04-16
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/AtSubmissionCreationDeviceId0B2AA4B661BB21FD1E80AE358A70B1703B1DF504C
ReturnHeader/FilingSecurityInformation/AtSubmissionFilingDeviceId0EA99DB46E22BDBD4F254B91F618D3FBB8344415A
ReturnHeader/FilingSecurityInformation/FilingLicenseTypeCd0P
ReturnHeader/FilingSecurityInformation/IPAddress/IPv4AddressTxt064.88.174.3
ReturnHeader/FilingSecurityInformation/IPDt02020-04-16
ReturnHeader/FilingSecurityInformation/IPTimezoneCd0CD
ReturnHeader/FilingSecurityInformation/IPTm013:31:51
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0411656121
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0SCHLENNER WENNER & CO CPA'S PA
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt0630 ROOSEVELT RD STE 201
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0ST CLOUD
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0MN
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd056301
ReturnHeader/PreparerPersonGrp/PhoneNum03202510286
ReturnHeader/PreparerPersonGrp/PreparationDt02020-04-16
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0ANDREA L MILLER
ReturnHeader/ReturnTs02020-04-28T16:10:22-05:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02019-01-01
ReturnHeader/TaxPeriodEndDt02019-12-31
ReturnHeader/TaxYr02019

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