Civic Intelligence

Downtown Partners Inc

990 • Fiscal year 2018 • EIN 42-1449669

Jan 01, 2018 to Dec 31, 2018 • Filed on Sep 20, 2019

610 N 4th St Ste 200Burlington, IA 52601

(319) 752-6365

Siviq Scores

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

Liabilities / Assets

81st percentile

0.19x

Higher debt load relative to assets than 81% of similar nonprofits.

2018 filings • 501(c)6 • <$500k nonprofits • Source year 2018

Liabilities / Revenue

90th percentile

0.32x

Higher debt load relative to revenue than 90% of similar nonprofits.

2018 filings • 501(c)6 • <$500k nonprofits • Source year 2018

Net Margin

62nd percentile

7.4%

Higher net margin than 62% of similar nonprofits.

2018 filings • 501(c)6 • <$500k nonprofits • Source year 2018

Top Officer Pay

99th percentile

$190,803

Higher top officer pay than 99% of similar nonprofits.

Top officer pay equals 87.8% of source-year revenue.

2018 filings • 501(c)6 • <$500k nonprofits • Source year 2018

Asset Growth

56th percentile

4.6%

Faster asset growth than 56% of similar nonprofits.

2018 filings • 501(c)6 • <$500k nonprofits • Annualized from 2017 to 2018

Revenue Growth

11th percentile

-30%

Faster revenue growth than 11% of similar nonprofits.

2018 filings • 501(c)6 • <$500k nonprofits • Annualized from 2017 to 2018

Assets

Up

$359,177

Up $15,678 (+4.6%) from 2017

Net Assets

Up

$289,724

Up $16,027 (+5.9%) from 2017

Liabilities

Down

$69,453

Down $349 (-0.5%) from 2017

Revenue

Down

$217,329

Down $91,250 (-30%) from 2017

Expenses

Down

$201,302

Down $36,043 (-15%) from 2017

Net Income

Down

$16,027

Down $55,207 (-78%) from 2017

Historical Trend

Balance Sheet Trend

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

$400K$300K$200K$100K$0Assets 2011: $225,192Liabilities 2011: $70,157Net Assets 2011: $155,0352011Assets 2012: $163,589Liabilities 2012: $8,611Net Assets 2012: $154,9782012Assets 2013: $163,684Liabilities 2013: $4,417Net Assets 2013: $159,2672013Assets 2014: $181,166Liabilities 2014: $8,222Net Assets 2014: $172,9442014Assets 2015: $228,742Liabilities 2015: $9,884Net Assets 2015: $218,8582015Assets 2016: $210,514Liabilities 2016: $8,051Net Assets 2016: $202,4632016Assets 2017: $343,499Liabilities 2017: $69,802Net Assets 2017: $273,6972017Assets 2018: $359,177Liabilities 2018: $69,453Net Assets 2018: $289,7242018Assets 2019: $355,880Liabilities 2019: $73,459Net Assets 2019: $282,4212019Assets 2020: $311,708Liabilities 2020: $143,059Net Assets 2020: $168,6492020Assets 2021: $385,126Liabilities 2021: $161,777Net Assets 2021: $223,3492021Assets 2022: $391,649Liabilities 2022: $155,904Net Assets 2022: $235,7452022Assets 2023: $241,415Liabilities 2023: $4,349Net Assets 2023: $237,0662023Assets 2024: $272,626Liabilities 2024: $12,157Net Assets 2024: $260,4692024

Highlighted filing

2018

Assets$359,177
Liabilities$69,453
Net Assets$289,724

Operations Trend

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

$800K$600K$400K$200K$0-$200KExpenses 2011: $702,7652011Expenses 2012: $681,3522012Revenue 2013: $338,022Expenses 2013: $333,733Net Income 2013: $4,2892013Revenue 2014: $440,103Expenses 2014: $426,426Net Income 2014: $13,6772014Revenue 2015: $242,990Expenses 2015: $242,076Net Income 2015: $9142015Revenue 2016: $212,436Expenses 2016: $228,831Net Income 2016: -$16,3952016Revenue 2017: $308,579Expenses 2017: $237,345Net Income 2017: $71,2342017Revenue 2018: $217,329Expenses 2018: $201,302Net Income 2018: $16,0272018Revenue 2019: $220,831Expenses 2019: $228,126Net Income 2019: -$7,2952019Revenue 2020: $356,153Expenses 2020: $443,035Net Income 2020: -$86,8822020Revenue 2021: $390,807Expenses 2021: $292,107Net Income 2021: $98,7002021Revenue 2022: $250,480Expenses 2022: $213,084Net Income 2022: $37,3962022Revenue 2023: $214,311Expenses 2023: $212,990Net Income 2023: $1,3212023Revenue 2024: $246,182Expenses 2024: $222,779Net Income 2024: $23,4032024

Highlighted filing

2018

Revenue$217,329
Expenses$201,302
Net Income$16,027
Jump To
Filing Snapshot
Filing Period
Jan 1, 2018 to Dec 31, 2018
Signed
Sep 20, 2019
Return Version
2018v3.1
Gross Receipts
$251,896
Mission and Program Overview

Mission

To promote the interests of downtown burlington, iowa.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$216,610$233,356▲ $16,746
Cash and Non-Interest-Bearing Accounts$85,857$73,538▼ $12,319
Accounts Receivable$38,694$51,414▲ $12,720
Other Notes and Loans Receivable, Net$2,338--
Prepaid Expenses and Deferred Charges-$869-
Total Assets$343,499$359,177▲ $15,678
Liabilities
Other Liabilities$60,000$60,000→ $0
Accounts Payable and Accrued Expenses$9,302$9,453▲ $151
Deferred Revenue$500--
Total Liabilities$69,802$69,453▼ $349
Net Assets / Fund Balance
Unrestricted Net Assets$270,244$289,724▲ $19,480
Temporarily Rstr Net Assets$3,453--
Total Net Assets Fund Balance$273,697$289,724▲ $16,027
Total Liabilities and Net Assets / Fund Balance$343,499$359,177▲ $15,678

Asset Categories

AssetBook ValueDepreciationBasis
Other Land Buildings$233,356$14,049$14,049
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Jason HutchesonPresidentFT$152,000$38,803$190,803
Sherri KrauseCFOFT$58,245$2,745$60,990
Barb GerstCFOFT$20,059$4$20,063

Board Members and Trustees

NameTitle
Janine CloverChair
Laura BeckmanChair Elect
Zach JamesPast Chair
Becky AndersonDirector
Bill PartainDirector
Doreen RoyDirector
Hillaurie Fritz-bonarDirector
Jerry JohnsonDirector
Julie AndersonDirector
Julie LehmanDirector
Megan BellDirector
Ryan NagrockiDirector
Stephanie WaplesDirector
Tyler FrenchDirector
Lynda MurrayCity Council
Jim FerneauCity Manager
Jessica DeanTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$167,416
Program Service Revenue
$20,686
Investment Income
$79
Other Revenue
$29,148
All Other Contributions
$45,000
Change in Net Assets
$16,027
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$129,560
Other Expenses$63,742
Grants and Similar Amounts Paid$8,000
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages---$78,548
Other Employee Benefits---$22,564
Current Officers, Directors, Trustees, and Key Employees---$19,453
Occupancy---$14,889
Payroll Taxes---$8,995
Grants to Domestic Orgs---$8,000
Information Technology---$7,544
Fees for Services Accounting---$6,445
Conferences and Meetings---$5,602
Office Expenses---$2,111
Interest---$1,800
Advertising---$1,547
All Other Expenses---$1,098
Other Expenses---$691
Insurance---$450
Total Functional Expenses$0$0$0$201,302
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Gross Income$63,715
Fundraising Direct Expenses$34,567
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Farmers Market$17,675$17,675$8,937$8,738
Sip, Taste, & S$16,740$16,740$4,962$11,778
Total Events$50,558$50,558$18,394$32,164
Political and Lobbying Activity
Political campaign activity
No
Subject to proxy tax
No
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Loan Payable to Ggb$60,000
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
Yes
Annual disclosure for covered persons
Yes
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
Yes

Governance Explanations

Form 990, Page 6, Part VI, Line 3

The organization shares facilities and management functions with the burlington/west burlington area chamber of commerce and grow greater burlington, inc. The organization's maintain separate board of directors.

Form 990, Page 6, Part VI, Line 11B

The president, chief financial officer, chair, and treasurer of the organization have reviewed the 990, including all required schedules, prior to submission.

Form 990, Page 6, Part VI, Line 12C

The board reviews the financial statements and approves large purchases. The president and either the chairperson or treasurer signs the checks.

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

In accordance with the organizational bylaws, the evaluation committee approves the determination of the president's salary.

Form 990, Page 6, Part VI, Line 19

Governing documents are available from the chief financial officer upon request.

Form 990, Part VII

The burlington/west burlington chamber of commerce, downtown partners, inc., and grow greater burlington have an arrangement where shared employees between the three organizations are paid through one common payer. The burlington/west burlington chamber of commerce issues w-2s to employees. These w-2s contain compensation for services performed for all three entities. Each entity is then allocated a percentage of the total salary expense based upon an estimated amount of time spent working on each entity.

Filing and Contact Details

Filer

Filer Name
Downtown Partners Inc
EIN
42-1449669
Phone
3197526365
Address
610 N 4TH ST STE 200, BURLINGTON, IA 52601

Signing Officer

Name
Della D Schmidt
Title
President
Phone
3192080044
Signed
2019-09-20
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Della D Schmidt
Formed
1996
Legal Domicile
Ia
Voting Board Members
17
Independent Board Members
17
Employees
0
Volunteers
417

Preparer

Firm
Tdt Cpas and Advisors Pc
Address
1700 42ND ST NE, CEDAR RAPIDS, IA 52402
Preparer
Ross Vanlaar CPA
Phone
3193932374
Supplemental Narrative

Additional Explanations

Form 990, Page 12, Part XII, Line 2C

The organization changed from an audit engagement to a review engagement in the current year.

Financial Statement Notes

Schedule D, Page 3, Part X

The organization is exempt from income taxes under section 501(c)(6) of the internal revenue code. The organization had no unrelated business taxable income for the years ended december 31, 2018 and 2017. Therefore, no provision or liability for income taxes have been included in the financial statements.

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IRS990/GroupReturnForAffiliatesInd0false
IRS990/IncludeFIN48FootnoteInd0true
IRS990/IndependentAuditFinclStmtInd0false
IRS990/IndependentVotingMemberCnt017
IRS990/IndivRcvdGreaterThan100KCnt01
IRS990/IndoorTanningServicesInd0false
IRS990/InfoInScheduleOPartVIIInd0X
IRS990/InfoInScheduleOPartVIInd0X
IRS990/InfoInScheduleOPartXIIInd0X
IRS990/InformationTechnologyGrp/TotalAmt07544
IRS990/InsuranceGrp/TotalAmt0450
IRS990/InterestGrp/TotalAmt01800
IRS990/InvestmentIncomeGrp/ExclusionAmt079
IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt079
IRS990/InvestmentInJointVentureInd0false
IRS990/IRPDocumentCnt03
IRS990/IRPDocumentW2GCnt00
IRS990/LandBldgEquipAccumDeprecAmt014049
IRS990/LandBldgEquipBasisNetGrp/BOYAmt0216610
IRS990/LandBldgEquipBasisNetGrp/EOYAmt0233356
IRS990/LandBldgEquipCostOrOtherBssAmt0247405
IRS990/LegalDomicileStateCd0IA
IRS990/LoanOutstandingInd0false
IRS990/LocalChaptersInd0false
IRS990/MaterialDiversionOrMisuseInd0false
IRS990/MembersOrStockholdersInd0false
IRS990/MethodOfAccountingAccrualInd0X
IRS990/MinutesOfCommitteesInd0true
IRS990/MinutesOfGoverningBodyInd0true
IRS990/MissionDesc0TO PROMOTE THE INTERESTS OF DOWNTOWN BURLINGTON, IOWA.
IRS990/MoreThan5000KToIndividualsInd0false
IRS990/MoreThan5000KToOrgInd0false
IRS990/NetAssetsOrFundBalancesBOYAmt0273697
IRS990/NetAssetsOrFundBalancesEOYAmt0289724
IRS990/NetIncmFromFundraisingEvtGrp/TotalRevenueColumnAmt029148
IRS990/NondeductibleContributionsInd0false
IRS990/OccupancyGrp/TotalAmt014889
IRS990/OfficeExpensesGrp/TotalAmt02111
IRS990/OfficerMailingAddressInd0false
IRS990/OperateHospitalInd0false
IRS990/Organization501cInd0X
IRS990/OrganizationFollowsSFAS117Ind0X
IRS990/OtherEmployeeBenefitsGrp/TotalAmt022564
IRS990/OtherExpensesGrp/Desc0COMMUNITY DEVELOPMENT PRO
IRS990/OtherExpensesGrp/Desc1TELEPHONE
IRS990/OtherExpensesGrp/Desc2DOWNTOWN DEVELOPMENT
IRS990/OtherExpensesGrp/Desc3REPAIRS AND MAINTENANCE
IRS990/OtherExpensesGrp/TotalAmt017049
IRS990/OtherExpensesGrp/TotalAmt12316
IRS990/OtherExpensesGrp/TotalAmt22200
IRS990/OtherExpensesGrp/TotalAmt3691
IRS990/OtherLiabilitiesGrp/BOYAmt060000
IRS990/OtherLiabilitiesGrp/EOYAmt060000
IRS990/OtherSalariesAndWagesGrp/TotalAmt078548
IRS990/OthNotesLoansReceivableNetGrp/BOYAmt02338
IRS990/PartialLiquidationInd0false
IRS990/PayrollTaxesGrp/TotalAmt08995
IRS990/PoliticalCampaignActyInd0false
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt0869
IRS990/PrincipalOfficerNm0DELLA D SCHMIDT
IRS990/ProfessionalFundraisingInd0false
IRS990/ProgramServiceRevenueGrp/BusinessCd0900099
IRS990/ProgramServiceRevenueGrp/Desc0COMMUNITY DEVELOPMENT PROGRAM
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt020686
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt020686
IRS990/ProgSrvcAccomActy2Grp/Desc0DOWNTOWN PARTNERS PROVIDES MONEY FOR DOWNTOWN DEVELOPMENT. THE 300 WASHINGTON BUILDING HAD AT LEAST 3 VOLUNTEERS ASSISTING WITH THE DIFFERENT PHASES OF THE PROJECT. THE ORGANIZATION ALSO RECEIVED 26,160 IN GRANTS RELATED TO THE RESTORATION OF THE BUILDING.
IRS990/ProgSrvcAccomActy3Grp/Desc0DOWNTOWN PARTNERS PROVIDES A VEHICLE FOR STATE AND LOCAL GRANTS TO AID IN THE REDEVELOPMENT OF DOWNTOWN BURLINGTON.
IRS990/ProhibitedTaxShelterTransInd0false
IRS990/PYContributionsGrantsAmt0222311
IRS990/PYInvestmentIncomeAmt0151
IRS990/PYOtherExpensesAmt0114187
IRS990/PYProgramServiceRevenueAmt086117
IRS990/PYRevenuesLessExpensesAmt071234
IRS990/PYSalariesCompEmpBnftPaidAmt0123158
IRS990/PYTotalExpensesAmt0237345
IRS990/PYTotalRevenueAmt0308579
IRS990/ReconcilationRevenueExpnssAmt016027
IRS990/RegularMonitoringEnfrcInd0true
IRS990/RelatedEntityInd0false
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0true
IRS990/ReportOtherAssetsInd0false
IRS990/ReportOtherLiabilitiesInd0true
IRS990/ReportProgramRelatedInvstInd0false
IRS990/ScheduleBRequiredInd0true
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt0233356
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt014049
IRS990ScheduleD/OtherLandBuildingsGrp/InvestmentCostOrOtherBasisAmt0233356
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt014049
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt060000
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0LOAN PAYABLE TO GGB
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0THE ORGANIZATION IS EXEMPT FROM INCOME TAXES UNDER SECTION 501(C)(6) OF THE INTERNAL REVENUE CODE. THE ORGANIZATION HAD NO UNRELATED BUSINESS TAXABLE INCOME FOR THE YEARS ENDED DECEMBER 31, 2018 AND 2017. THEREFORE, NO PROVISION OR LIABILITY FOR INCOME TAXES HAVE BEEN INCLUDED IN THE FINANCIAL STATEMENTS.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0SCHEDULE D, PAGE 3, PART X
IRS990ScheduleD/TotalBookValueLandBuildingsAmt0233356
IRS990ScheduleD/TotalLiabilityAmt060000
IRS990ScheduleG/FundraisingEventInformationGrp/DirectExpenseSummaryEventsAmt018394
IRS990ScheduleG/FundraisingEventInformationGrp/Event1Nm0FARMERS MARKET
IRS990ScheduleG/FundraisingEventInformationGrp/Event2Nm0SIP, TASTE, & S
IRS990ScheduleG/FundraisingEventInformationGrp/GrossReceiptsEvent1Amt017675
IRS990ScheduleG/FundraisingEventInformationGrp/GrossReceiptsEvent2Amt016740
IRS990ScheduleG/FundraisingEventInformationGrp/GrossReceiptsOtherEventsAmt016143
IRS990ScheduleG/FundraisingEventInformationGrp/GrossReceiptsTotalAmt050558
IRS990ScheduleG/FundraisingEventInformationGrp/GrossRevenueEvent1Amt017675
IRS990ScheduleG/FundraisingEventInformationGrp/GrossRevenueEvent2Amt016740
IRS990ScheduleG/FundraisingEventInformationGrp/GrossRevenueOtherEventsAmt016143
IRS990ScheduleG/FundraisingEventInformationGrp/GrossRevenueTotalEventsAmt050558
IRS990ScheduleG/FundraisingEventInformationGrp/NetIncomeSummaryAmt032164
IRS990ScheduleG/FundraisingEventInformationGrp/OthDirectExpnssOtherEventsAmt04495
IRS990ScheduleG/FundraisingEventInformationGrp/OthDirectExpnssTotalEventsAmt018394
IRS990ScheduleG/FundraisingEventInformationGrp/OtherDirectExpensesEvent1Amt08937
IRS990ScheduleG/FundraisingEventInformationGrp/OtherDirectExpensesEvent2Amt04962
IRS990ScheduleG/FundraisingEventInformationGrp/OtherEventsTotalCnt02
IRS990ScheduleJ/BoardOrCommitteeApprovalInd0X
IRS990ScheduleJ/CompensationCommitteeInd0X
IRS990ScheduleJ/CompensationSurveyInd0X
IRS990ScheduleJ/EquityBasedCompArrngmInd0false
IRS990ScheduleJ/Form990OfOtherOrganizationsInd0X
IRS990/ScheduleJRequiredInd0true
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BaseCompensationFilingOrgAmt0152000
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusFilingOrganizationAmount025111
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompensationFlngOrgAmt08350
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsFilingOrgAmt0173
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/OtherCompensationFilingOrgAmt05169
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm0JASON HUTCHESON
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TitleTxt0PRESIDENT
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationFilingOrgAmt0190803
IRS990ScheduleJ/SeverancePaymentInd0false
IRS990ScheduleJ/SupplementalInformationDetail/ExplanationTxt0JASON HUTCHINSON, PRESIDENT OF THE ORGANIZATION, EARNED COMPENSATION FROM UNRELATED ORGANIZATIONS DURING 2018. 62,965 WAS EARNED FROM THE BURLINGTON/WEST BURLINGTON CHAMBER OF COMMERCE AND 127,838 WAS EARNED FROM GROW GREATER BURLINGTON. SHERRI KRAUSE, FORMER CHIEF FINANCIAL OFFICER, RECEIVED COMPENSATION FROM UNRELATED ORGANIZATIONS DURING 2018. 29,885 WAS EARNED FROM THE BURLINGTON/WEST BURLINGTON CHAMBER OF COMMERCE AND 16,467 WAS EARNED FROM GROW GREATER BURLINGTON. BARB GERST, CHIEF FINANCIAL OFFICER, RECEIVED COMPENSATION FROM UNRELATED ORGANIZATIONS DURING 2018. 9,831 WAS EARNED FROM THE BURLINGTON/WEST BURLINGTON CHAMBER OF COMMERCE AND 5,417 WAS EARNED FROM GROW GREATER BURLINGTON.
IRS990ScheduleJ/SupplementalInformationDetail/FormAndLineReferenceDesc0SCHEDULE J, PART III
IRS990ScheduleJ/SupplementalNonqualRtrPlanInd0false
IRS990ScheduleJ/WrittenEmploymentContractInd0X
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE ORGANIZATION SHARES FACILITIES AND MANAGEMENT FUNCTIONS WITH THE BURLINGTON/WEST BURLINGTON AREA CHAMBER OF COMMERCE AND GROW GREATER BURLINGTON, INC. THE ORGANIZATION'S MAINTAIN SEPARATE BOARD OF DIRECTORS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE PRESIDENT, CHIEF FINANCIAL OFFICER, CHAIR, AND TREASURER OF THE ORGANIZATION HAVE REVIEWED THE 990, INCLUDING ALL REQUIRED SCHEDULES, PRIOR TO SUBMISSION.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE BOARD REVIEWS THE FINANCIAL STATEMENTS AND APPROVES LARGE PURCHASES. THE PRESIDENT AND EITHER THE CHAIRPERSON OR TREASURER SIGNS THE CHECKS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3IN ACCORDANCE WITH THE ORGANIZATIONAL BYLAWS, THE EVALUATION COMMITTEE APPROVES THE DETERMINATION OF THE PRESIDENT'S SALARY.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4GOVERNING DOCUMENTS ARE AVAILABLE FROM THE CHIEF FINANCIAL OFFICER UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5THE BURLINGTON/WEST BURLINGTON CHAMBER OF COMMERCE, DOWNTOWN PARTNERS, INC., AND GROW GREATER BURLINGTON HAVE AN ARRANGEMENT WHERE SHARED EMPLOYEES BETWEEN THE THREE ORGANIZATIONS ARE PAID THROUGH ONE COMMON PAYER. THE BURLINGTON/WEST BURLINGTON CHAMBER OF COMMERCE ISSUES W-2S TO EMPLOYEES. THESE W-2S CONTAIN COMPENSATION FOR SERVICES PERFORMED FOR ALL THREE ENTITIES. EACH ENTITY IS THEN ALLOCATED A PERCENTAGE OF THE TOTAL SALARY EXPENSE BASED UPON AN ESTIMATED AMOUNT OF TIME SPENT WORKING ON EACH ENTITY.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6THE ORGANIZATION CHANGED FROM AN AUDIT ENGAGEMENT TO A REVIEW ENGAGEMENT IN THE CURRENT YEAR.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PAGE 6, PART VI, LINE 3
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PAGE 6, PART VI, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PAGE 6, PART VI, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PAGE 6, PART VI, LINE 15A
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PAGE 6, PART VI, LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5FORM 990, PART VII
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc6FORM 990, PAGE 12, PART XII, LINE 2C
IRS990/SchoolOperatingInd0false
IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/SubjectToExcsTaxNetInvstIncInd0false
IRS990/SubjectToProxyTaxInd0false
IRS990/SubjToTaxRmnrtnExPrchtPymtInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TemporarilyRstrNetAssetsGrp/BOYAmt03453
IRS990/TempOrPermanentEndowmentsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt0343499
IRS990/TotalAssetsEOYAmt0359177
IRS990/TotalAssetsGrp/BOYAmt0343499
IRS990/TotalAssetsGrp/EOYAmt0359177
IRS990/TotalCompGreaterThan150KInd0true
IRS990/TotalContributionsAmt0167416
IRS990/TotalEmployeeCnt00
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt00
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt00
IRS990/TotalFunctionalExpensesGrp/TotalAmt0201302
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt069802
IRS990/TotalLiabilitiesEOYAmt069453
IRS990/TotalLiabilitiesGrp/BOYAmt069802
IRS990/TotalLiabilitiesGrp/EOYAmt069453

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$2.73$0.12$2.60$2.46$2.23$0.23
2023Detailed filing. Detailed filing data is available for this year.$2.41$0.04$2.37$2.14$2.13$0.01
2022Detailed filing. Detailed filing data is available for this year.$3.92$1.56$2.36$2.50$2.13$0.37
2021Detailed filing. Detailed filing data is available for this year.$3.85$1.62$2.23$3.91$2.92$0.99
2020Detailed filing. Detailed filing data is available for this year.$3.12$1.43$1.69$3.56$4.43$0.87
2019Detailed filing. Detailed filing data is available for this year.$3.56$0.73$2.82$2.21$2.28$0.07
2018Detailed filing. Detailed filing data is available for this year.$3.59$0.69$2.90$2.17$2.01$0.16
2017Detailed filing. Detailed filing data is available for this year.$3.43$0.70$2.74$3.09$2.37$0.71
2016Detailed filing. Detailed filing data is available for this year.$2.11$0.08$2.02$2.12$2.29$0.16
2015Detailed filing. Detailed filing data is available for this year.$2.29$0.10$2.19$2.43$2.42$0.01
2014Detailed filing. Detailed filing data is available for this year.$1.81$0.08$1.73$4.40$4.26$0.14
2013Detailed filing. Detailed filing data is available for this year.$1.64$0.04$1.59$3.38$3.34$0.04
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.64$0.09$1.55$6.81
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$2.25$0.70$1.55$7.03