Civic Intelligence

Utah Valley Convention and Visitors Bureau Inc

990 • Fiscal year 2015 • EIN 41-2059379

Jan 01, 2015 to Dec 31, 2015 • Filed on May 13, 2016

220 West Center Street Rm/Ste 100Provo, UT 84601

(801) 851-2107

Siviq Scores

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

Liabilities / Assets

55th percentile

0.23x

Higher debt load relative to assets than 55% of similar nonprofits.

2015 filings • 501(c)6 • $1M-$5M nonprofits • Source year 2015

Liabilities / Revenue

30th percentile

0.07x

Higher debt load relative to revenue than 30% of similar nonprofits.

2015 filings • 501(c)6 • $1M-$5M nonprofits • Source year 2015

Net Margin

67th percentile

7.9%

Higher net margin than 67% of similar nonprofits.

2015 filings • 501(c)6 • $1M-$5M nonprofits • Source year 2015

Top Officer Pay

60th percentile

$167,161

Higher top officer pay than 60% of similar nonprofits.

Top officer pay equals 9.7% of source-year revenue.

2015 filings • 501(c)6 • $1M-$5M nonprofits • Source year 2015

Asset Growth

94th percentile

45%

Faster asset growth than 94% of similar nonprofits.

2015 filings • 501(c)6 • $1M-$5M nonprofits • Annualized from 2014 to 2015

Revenue Growth

71st percentile

9.8%

Faster revenue growth than 71% of similar nonprofits.

2015 filings • 501(c)6 • $1M-$5M nonprofits • Annualized from 2014 to 2015

Assets

Up

$516,662

Up $159,188 (+45%) from 2014

Net Assets

Up

$398,475

Up $128,469 (+48%) from 2014

Liabilities

Up

$118,187

Up $30,719 (+35%) from 2014

Revenue

Up

$1,720,489

Up $153,351 (+9.8%) from 2014

Expenses

Up

$1,585,269

Up $63,176 (+4.2%) from 2014

Net Income

Up

$135,220

Up $90,175 (+200%) from 2014

Historical Trend

Balance Sheet Trend

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

$3.0M$2.0M$1.0M$0Assets 2010: $435,344Liabilities 2010: $71,482Net Assets 2010: $363,8622010Assets 2011: $561,113Liabilities 2011: $158,664Net Assets 2011: $402,4492011Assets 2012: $497,763Liabilities 2012: $192,249Net Assets 2012: $305,5142012Assets 2013: $344,789Liabilities 2013: $116,037Net Assets 2013: $228,7522013Assets 2014: $357,474Liabilities 2014: $87,468Net Assets 2014: $270,0062014Assets 2015: $516,662Liabilities 2015: $118,187Net Assets 2015: $398,4752015Assets 2016: $616,049Liabilities 2016: $149,256Net Assets 2016: $466,7932016Assets 2017: $746,117Liabilities 2017: $180,490Net Assets 2017: $565,6272017Assets 2018: $712,590Liabilities 2018: $153,294Net Assets 2018: $559,2962018Assets 2019: $817,632Liabilities 2019: $227,888Net Assets 2019: $589,7442019Assets 2020: $905,898Liabilities 2020: $377,878Net Assets 2020: $528,0202020Assets 2021: $993,065Liabilities 2021: $114,019Net Assets 2021: $879,0462021Assets 2022: $1,323,186Liabilities 2022: $157,678Net Assets 2022: $1,165,5082022Assets 2023: $1,619,981Liabilities 2023: $283,662Net Assets 2023: $1,336,3192023Assets 2024: $2,096,536Liabilities 2024: $597,530Net Assets 2024: $1,499,0062024

Highlighted filing

2015

Assets$516,662
Liabilities$118,187
Net Assets$398,475

Operations Trend

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

$4.0M$3.0M$2.0M$1.0M$0-$1.0MExpenses 2010: $1,326,0002010Expenses 2011: $1,427,1082011Expenses 2012: $1,386,9602012Revenue 2013: $1,287,234Expenses 2013: $1,360,290Net Income 2013: -$73,0562013Revenue 2014: $1,567,138Expenses 2014: $1,522,093Net Income 2014: $45,0452014Revenue 2015: $1,720,489Expenses 2015: $1,585,269Net Income 2015: $135,2202015Revenue 2016: $1,931,288Expenses 2016: $1,868,714Net Income 2016: $62,5742016Revenue 2017: $1,929,255Expenses 2017: $1,834,030Net Income 2017: $95,2252017Revenue 2018: $2,281,082Expenses 2018: $2,289,168Net Income 2018: -$8,0862018Revenue 2019: $2,841,398Expenses 2019: $2,821,948Net Income 2019: $19,4502019Revenue 2020: $1,492,601Expenses 2020: $1,548,014Net Income 2020: -$55,4132020Revenue 2021: $1,667,093Expenses 2021: $1,316,158Net Income 2021: $350,9352021Revenue 2022: $2,252,896Expenses 2022: $1,930,017Net Income 2022: $322,8792022Revenue 2023: $2,642,872Expenses 2023: $2,506,808Net Income 2023: $136,0642023Revenue 2024: $3,514,889Expenses 2024: $3,372,310Net Income 2024: $142,5792024

Highlighted filing

2015

Revenue$1,720,489
Expenses$1,585,269
Net Income$135,220
Jump To
Filing Snapshot
Filing Period
Jan 1, 2015 to Dec 31, 2015
Signed
May 13, 2016
Return Version
2015v2.1
Gross Receipts
$1,725,709
Mission and Program Overview

Mission

To enhance the economic prosperity of utah valley by promoting, selling, and marketing the area as a unique destination for meetings, events, business, and leisure travelers.

Balance Sheet Detail
LineBeginningEndChange
Assets
Savings and Temporary Cash Investments$221,937$245,669▲ $23,732
Cash and Non-Interest-Bearing Accounts$34,640$204,166▲ $169,526
Accounts Receivable$59,068--
Land, Buildings, and Equipment, Net$23,986$41,074▲ $17,088
Inventories for Sale or Use$10,231$10,883▲ $652
Prepaid Expenses and Deferred Charges$365$8,360▲ $7,995
Intangible Assets$7,247$6,510▼ $737
Total Assets$357,474$516,662▲ $159,188
Liabilities
Accounts Payable and Accrued Expenses$76,015$98,340▲ $22,325
Other Liabilities$11,453$19,847▲ $8,394
Total Liabilities$87,468$118,187▲ $30,719
Net Assets / Fund Balance
Temporarily Rstr Net Assets$202,800$225,798▲ $22,998
Unrestricted Net Assets$67,206$172,677▲ $105,471
Total Net Assets Fund Balance$270,006$398,475▲ $128,469
Total Liabilities and Net Assets / Fund Balance$357,474$516,662▲ $159,188

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$33,236$28,353$61,589
Leasehold Improvements$7,838$8,221$16,059
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Joel RackerPresident/ceFT$156,081$11,080$167,161
Joel RackerPresident/CEO-$156,081$11,080$167,161

Board Members and Trustees

Highest Paid Contractors

ContractorServicesLocationCompensation
Thomas ArtsMarketing/pr240 SOUTH 200 WEST, Farmington, UT 84025$162,776
Revenue and Support

Revenue Composition

Contributions and Grants
$41,999
Program Service Revenue
$1,669,811
Investment Income
$6,184
Other Revenue
$2,495
All Other Contributions
$41,999
Change in Net Assets
$135,220

Audited Revenue Reconciliation

Revenue per Audited Statements
$1,720,489
Revenue Not Reported on Form 990
$-1,531
Total Revenue per Audited Statements
$1,718,958
Total Revenue per Form 990
$1,720,489
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$821,362
Other Expenses$763,907
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages---$484,597
Advertising---$422,292
Current Officers, Directors, Trustees, and Key Employees---$156,081
Conferences and Meetings---$128,613
Other Employee Benefits---$109,908
Information Technology---$95,202
Payroll Taxes---$44,172
Other Expenses---$42,217
Office Expenses---$36,186
Pension Plan Contributions---$26,604
Depreciation Depletion---$15,787
Fees for Services Accounting---$9,050
Travel---$7,857
Fees for Services Other---$6,643
Fees for Services Legal---$60
Total Functional Expenses$0$0$0$1,585,269

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$1,590,489
Expenses per Audited Statements$1,585,269
Total Expenses per Form 990$1,585,269
Expenses Not Reported on Form 990$5,220
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
Due to Utah County Fair$19,847
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
No
Audit committee
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
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, Page 6, Part VI, Line 11B

Form 990 is provided to president and finance committee chair for review and approval prior to filing. Completed form 990 is made available to all board members subsequent to filing.

Form 990, Page 6, Part VI, Line 15A

The board's executive committee evaluates the director's performance and determine the director's salary each year.

Form 990, Page 6, Part VI, Line 19

Such documents are available upon request just as the organization's form 990 is available upon request.

Filing and Contact Details

Filer

Filer Name
Utah Valley Convention
EIN
41-2059379
Phone
8018512107
Address
220 WEST CENTER STREET RM/STE 100, PROVO, UT 84601

Signing Officer

Name
Joel Racker
Title
President/CEO
Phone
8018512107
Signed
2016-05-13
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Joel Racker
Formed
2002
Legal Domicile
Ut
Voting Board Members
13
Independent Board Members
13
Employees
17

Preparer

Firm
Squire & Company Pc
Address
1329 SOUTH 800 EAST, OREM, UT 84097-7737
Preparer
M Paul Winward CPA
Phone
8012256900
Supplemental Narrative

Additional Explanations

Form 990, Part XI, Line 9

Cost of merchandise sold 5,220 cost of merchandise sold -5,220

Financial Statement Notes

Schedule D, Page 4, Part XI, Line 2D

Cost of merchandise sold 5,220

Schedule D, Page 4, Part XII, Line 2D

Cost of merchandise sold 5,220

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IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt1124593
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IRS990/ReportOtherAssetsInd0false
IRS990/ReportOtherLiabilitiesInd0true
IRS990/ReportProgramRelatedInvstInd0false
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IRS990ScheduleD/EquipmentGrp/DepreciationAmt028353
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt061589
IRS990ScheduleD/ExpensesNotReportedAmt05220
IRS990ScheduleD/ExpensesSubtotalAmt01585269
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IRS990ScheduleD/LeaseholdImprovementsGrp/DepreciationAmt08221
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IRS990ScheduleD/OtherExpensesIncludedAmt05220
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt019847
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0DUE TO UTAH COUNTY FAIR
IRS990ScheduleD/OtherRevenueAmt05220
IRS990ScheduleD/RevenueNotReportedAmt0-1531
IRS990ScheduleD/RevenueSubtotalAmt01720489
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0COST OF MERCHANDISE SOLD 5,220
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt1COST OF MERCHANDISE SOLD 5,220
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IRS990ScheduleJ/SupplementalNonqualRtrPlanInd0false
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0FORM 990 IS PROVIDED TO PRESIDENT AND FINANCE COMMITTEE CHAIR FOR REVIEW AND APPROVAL PRIOR TO FILING. COMPLETED FORM 990 IS MADE AVAILABLE TO ALL BOARD MEMBERS SUBSEQUENT TO FILING.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE BOARD'S EXECUTIVE COMMITTEE EVALUATES THE DIRECTOR'S PERFORMANCE AND DETERMINE THE DIRECTOR'S SALARY EACH YEAR.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2SUCH DOCUMENTS ARE AVAILABLE UPON REQUEST JUST AS THE ORGANIZATION'S FORM 990 IS AVAILABLE UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3COST OF MERCHANDISE SOLD 5,220 COST OF MERCHANDISE SOLD -5,220
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IRS990/TaxablePartyNotificationInd0false
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IRS990/TerminateOperationsInd0false
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IRS990/TotalGrossUBIAmt00
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IRS990/TotalLiabilitiesEOYAmt0118187
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IRS990/TotalLiabilitiesGrp/EOYAmt0118187
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IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0398475
IRS990/TotalOtherCompensationAmt011080
IRS990/TotalProgramServiceExpensesAmt01439908
IRS990/TotalProgramServiceRevenueAmt01669811
IRS990/TotalReportableCompFromOrgAmt0156081
IRS990/TotalRevenueGrp/ExclusionAmt08679
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt01669811
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt01720489
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt0357474
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt0516662
IRS990/TravelGrp/TotalAmt07857
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/UnrestrictedNetAssetsGrp/BOYAmt067206
IRS990/UnrestrictedNetAssetsGrp/EOYAmt0172677
IRS990/UponRequestInd0X
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IRS990/USAddress/CityNm0PROVO
IRS990/USAddress/StateAbbreviationCd0UT
IRS990/USAddress/ZIPCd084601
IRS990/VotingMembersGoverningBodyCnt013
IRS990/VotingMembersIndependentCnt013
IRS990/WebsiteAddressTxt0WWW.UTAHVALLEY.COM
IRS990/WhistleblowerPolicyInd0false
ReturnHeader/BuildTS02016-09-27 15:27:22Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0JOEL RACKER
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0PRESIDENT/CEO
ReturnHeader/BusinessOfficerGrp/PhoneNum08018512107
ReturnHeader/BusinessOfficerGrp/SignatureDt02016-05-13
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0UTAH VALLEY CONVENTION
ReturnHeader/Filer/BusinessName/BusinessNameLine2Txt0AND VISITORS BUREAU INC
ReturnHeader/Filer/BusinessNameControlTxt0UTAH
ReturnHeader/Filer/EIN0412059379
ReturnHeader/Filer/PhoneNum08018512107
ReturnHeader/Filer/USAddress/AddressLine1Txt0220 WEST CENTER STREET RM/STE 100
ReturnHeader/Filer/USAddress/CityNm0PROVO
ReturnHeader/Filer/USAddress/StateAbbreviationCd0UT
ReturnHeader/Filer/USAddress/ZIPCd084601
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0870343246
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0SQUIRE & COMPANY PC
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt01329 SOUTH 800 EAST
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0OREM
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0UT
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd0840977737
ReturnHeader/PreparerPersonGrp/PhoneNum08012256900
ReturnHeader/PreparerPersonGrp/PreparationDt02016-05-13

Document Assets

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Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Facts available. Structured filing facts are available, but richer extracted sections are limited.$2.10$0.60$1.50$3.51$3.37$0.14
2023Detailed filing. Detailed filing data is available for this year.$1.62$0.28$1.34$2.64$2.51$0.14
2022Detailed filing. Detailed filing data is available for this year.$1.32$0.16$1.17$2.25$1.93$0.32
2021Detailed filing. Detailed filing data is available for this year.$0.99$0.11$0.88$1.67$1.32$0.35
2020Detailed filing. Detailed filing data is available for this year.$0.91$0.38$0.53$1.49$1.55$0.06
2019Detailed filing. Detailed filing data is available for this year.$0.82$0.23$0.59$2.84$2.82$0.02
2018Detailed filing. Detailed filing data is available for this year.$0.71$0.15$0.56$2.28$2.29$0.01
2017Detailed filing. Detailed filing data is available for this year.$0.75$0.18$0.57$1.93$1.83$0.10
2016Detailed filing. Detailed filing data is available for this year.$0.62$0.15$0.47$1.93$1.87$0.06
2015Detailed filing. Detailed filing data is available for this year.$0.52$0.12$0.40$1.72$1.59$0.14
2014Detailed filing. Detailed filing data is available for this year.$0.36$0.09$0.27$1.57$1.52$0.05
2013Detailed filing. Detailed filing data is available for this year.$0.34$0.12$0.23$1.29$1.36$0.07
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.50$0.19$0.31$1.39
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.56$0.16$0.40$1.43
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.44$0.07$0.36$1.33