Civic Intelligence

Destination Caldwell Inc.

990 • Fiscal year 2020 • EIN 46-4016488

Jan 01, 2020 to Dec 31, 2020 • Filed on Nov 11, 2021

119 South 7th AvenueCaldwell, ID 83605

(208) 989-0714

Siviq Scores

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

Liabilities / Assets

81st percentile

0.49x

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

2020 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2020

Liabilities / Revenue

81st percentile

0.70x

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

2020 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2020

Net Margin

66th percentile

15%

Higher net margin than 66% of similar nonprofits.

2020 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2020

Top Officer Pay

64th percentile

$88,375

Higher top officer pay than 64% of similar nonprofits.

Top officer pay equals 7.3% of source-year revenue.

2020 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2020

Asset Growth

49th percentile

5.5%

Faster asset growth than 49% of similar nonprofits.

2020 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2019 to 2020

Revenue Growth

73rd percentile

17%

Faster revenue growth than 73% of similar nonprofits.

2020 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2019 to 2020

Assets

Up

$1,693,402

Up $88,223 (+5.5%) from 2019

Net Assets

Up

$855,569

Up $176,692 (+26%) from 2019

Liabilities

Down

$837,833

Down $88,469 (-9.6%) from 2019

Revenue

Up

$1,205,352

Up $178,129 (+17%) from 2019

Expenses

Up

$1,028,660

Up $122,422 (+14%) from 2019

Net Income

Up

$176,692

Up $55,707 (+46%) from 2019

Historical Trend

Balance Sheet Trend

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

$2.0M$1.5M$1.0M$500K$0Assets 2017: $78,093Liabilities 2017: $4,101Net Assets 2017: $73,9922017Assets 2018: $1,590,848Liabilities 2018: $1,032,956Net Assets 2018: $557,8922018Assets 2019: $1,605,179Liabilities 2019: $926,302Net Assets 2019: $678,8772019Assets 2020: $1,693,402Liabilities 2020: $837,833Net Assets 2020: $855,5692020Assets 2021: $1,652,512Liabilities 2021: $785,360Net Assets 2021: $867,1522021Assets 2022: $1,558,410Liabilities 2022: $715,087Net Assets 2022: $843,3232022Assets 2023: $1,666,749Liabilities 2023: $653,520Net Assets 2023: $1,013,2292023Assets 2024: $1,691,172Liabilities 2024: $596,885Net Assets 2024: $1,094,2872024

Highlighted filing

2020

Assets$1,693,402
Liabilities$837,833
Net Assets$855,569

Operations Trend

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

$2.0M$1.5M$1.0M$500K$0-$500KRevenue 2017: $122,188Expenses 2017: $67,918Net Income 2017: $54,2702017Revenue 2018: $1,072,696Expenses 2018: $588,796Net Income 2018: $483,9002018Revenue 2019: $1,027,223Expenses 2019: $906,238Net Income 2019: $120,9852019Revenue 2020: $1,205,352Expenses 2020: $1,028,660Net Income 2020: $176,6922020Revenue 2021: $1,283,019Expenses 2021: $1,271,436Net Income 2021: $11,5832021Revenue 2022: $1,338,590Expenses 2022: $1,362,419Net Income 2022: -$23,8292022Revenue 2023: $1,633,608Expenses 2023: $1,463,702Net Income 2023: $169,9062023Revenue 2024: $1,642,000Expenses 2024: $1,560,942Net Income 2024: $81,0582024

Highlighted filing

2020

Revenue$1,205,352
Expenses$1,028,660
Net Income$176,692
Jump To
Filing Snapshot
Filing Period
Jan 1, 2020 to Dec 31, 2020
Signed
Nov 11, 2021
Return Version
2020v4.0
Gross Receipts
$1,213,482
Mission and Program Overview

Mission

The corporation is organized for the non-profit purposes of educating the residents and visitors to the city of caldwell and surrounding area about the diverse culture, educational, scientific, civic, and athletic attractions and events available to the public in caldwell and the surrounding area; lessening the burdens of government by maintaining certain public buildings, monuments, or works; and by providing information, advice, and assistance to the residents of, and visitors to, the city of caldwell and surrounding area regarding issues related to tourism, including directions, transportation, and safety; enhancing the visitor resident experience in the city of caldwell and surrounding area through activities consistent with charitable purposes including educational programs, organization of cultural activities for the public in the city of caldwell and surrounding area, research, conferences, seminars, and other dissemination of information related to tourism, tourism economics, a

Balance Sheet Detail
LineBeginningEndChange
Assets
Savings and Temporary Cash Investments$1,393,288$1,522,790▲ $129,502
Land, Buildings, and Equipment, Net$185,308$153,578▼ $31,730
Accounts Receivable$26,372$10,009▼ $16,363
Cash and Non-Interest-Bearing Accounts$100$7,025▲ $6,925
Other Notes and Loans Receivable, Net$111--
Total Assets$1,605,179$1,693,402▲ $88,223
Liabilities
Deferred Revenue$881,667$800,000▼ $81,667
Other Liabilities$28,645$25,244▼ $3,401
Accounts Payable and Accrued Expenses$15,990$12,589▼ $3,401
Total Liabilities$926,302$837,833▼ $88,469
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$678,877$855,569▲ $176,692
Total Net Assets Fund Balance$678,877$855,569▲ $176,692
Total Liabilities and Net Assets / Fund Balance$1,605,179$1,693,402▲ $88,223

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$153,578$194,673$348,251
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseTotal
Keri Smith-sigmanCEOFT$88,375$88,375

Board Members and Trustees

NameTitle
Reagan RossiPresident
Dan NormanBoard Member
Gregg AlgerBoard Member
Jeff HunsickerBoard Member
Jesse HarrisBoard Member
Kelli G JenkinsBoard Member
Melenie StoneBoard Member
Shawn MaybonBoard Member
Scott GipsonSecretary
Warren KoubaTreasurer
Wendy McclainVice Preside
Revenue and Support

Revenue Composition

Contributions and Grants
$557,264
Program Service Revenue
$607,582
Investment Income
$13,762
Other Revenue
$26,744
All Other Contributions
$194,748
Change in Net Assets
$176,692
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$562,801
Other Expenses$461,918
Total Fundraising Expense$30,612
Grants and Similar Amounts Paid$3,941
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$424,991$67,578$20,903$513,472
Insurance$100,022$1,426$414$101,862
Advertising$58,313$6,338-$64,651
Depreciation Depletion$63,789$728-$64,517
Payroll Taxes$32,572$4,956$1,586$39,114
All Other Expenses$15,664$12,865$7,106$35,635
Other Expenses$14,014$159-$14,173
Office Expenses$7,047$5,727-$12,774
Occupancy-$11,050-$11,050
Pension Plan Contributions$7,717$1,895$603$10,215
Grants to Domestic Orgs$3,941--$3,941
Fees for Services Other$165$3,500-$3,665
Fees for Services Accounting-$2,484-$2,484
Information Technology$380$380-$760
Conferences and Meetings$149$527-$676
Travel-$110-$110
Total Functional Expenses$878,325$119,723$30,612$1,028,660
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Gross Income$33,107
Fundraising Direct Expenses$8,130
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Prime on the Pl$20,738$20,738$459$20,279
Blues on the Cr$12,369$12,369$1,525$10,844
Total Events$33,107$33,107$8,130$24,977
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Sales Tax Payable$12,976
Payroll Liabilities$6,912
Gift Cards$5,270
Vendor Payable$86
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
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
No
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

The tax return will be reviewed by the ceo and treasurer.

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

The organization does a periodic review to ensure compliance with the conflict of interest policy including reviewing compensation agreements for reasonableness as well as other arrangements, partnerships, and agreements.

Form 990, Page 6, Part VI, Line 19

Governing documents and financials are available upon request.

Filing and Contact Details

Filer

Filer Name
Destination Caldwell Inc
EIN
46-4016488
Phone
2089890714
Address
119 SOUTH 7TH AVENUE, CALDWELL, ID 83605

Signing Officer

Name
Jesse Harris
Title
Treasurer
Phone
2089890714
Signed
2021-11-11

Organization Details

Principal Officer
Sabrina Minshall
Formed
2016
Legal Domicile
Id
Voting Board Members
11
Independent Board Members
11
Employees
36
Volunteers
244

Preparer

Firm
Ripley Doorn & Company Pllc
Address
824 DEARBORN ST, CALDWELL, ID 83605-4161
Preparer
Randy S Million CPA
Phone
2084593696
Supplemental Narrative

Additional Explanations

FORM 990 - ORGANIZATION'S MISSION

The corporation is organized for the non-profit purposes of educating the residents and visitors to the city of caldwell and surrounding area about the diverse culture, educational, scientific, civic, and athletic attractions and events available to the public in caldwell and the surrounding area; lessening the burdens of government by maintaining certain public buildings, monuments, or works; and by providing information, advice, and assistance to the residents of, and visitors to, the city of caldwell and surrounding area regarding issues related to tourism, including directions, transportation, and safety; enhancing the visitor resident experience in the city of caldwell and surrounding area through activities consistent with charitable purposes including educational programs, organization of cultural activities for the public in the city of caldwell and surrounding area, research, conferences, seminars, and other dissemination of information related to tourism, tourism economics, and destination development.

Form 990, Page 2, Part III, Line 4A

The organization manages indian creek plaza in downtown caldwell through an operating agreement with the city. During 2020, the plaza held 207 events and activities drawing approximately 300,000 people. The plaza hosts events such as concert series, farmer's market, fitness activities, educational outreach, movies, family entertainment, winter wonderland, indian creek festival, and other cultural events throughout the year and a public ice skating rink during the winter months. A visitor information center is open to provide information on the surrounding community. In addition, the organization designed and implemented advertising and promotional activities to stimulate agritourism specifically through the implementation of a program called "agventure trail", recruited new businesses to the district, provided businesses with financial and promotional resources during the stay at home order, expanded the availability of fresh, local food to low-income families, and promoted retail trade and professional activities in the district and surrounding business and agribusiness community.

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