Civic Intelligence

Conference & Visitors Bureau of Montgomery County Maryland Inc

990 • Fiscal year 2017 • EIN 52-1396987

Jul 01, 2016 to Jun 30, 2017 • Filed on Jan 15, 2018

1801 Rockville Pike No 320Rockville, MD 20852

(301) 428-9702

Siviq Scores

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

Liabilities / Assets

22nd percentile

0.02x

Higher debt load relative to assets than 22% of similar nonprofits.

2017 filings • 501(c)6 • $1M-$5M nonprofits • Source year 2017

Liabilities / Revenue

18th percentile

0.01x

Higher debt load relative to revenue than 18% of similar nonprofits.

2017 filings • 501(c)6 • $1M-$5M nonprofits • Source year 2017

Net Margin

73rd percentile

11%

Higher net margin than 73% of similar nonprofits.

2017 filings • 501(c)6 • $1M-$5M nonprofits • Source year 2017

Top Officer Pay

23rd percentile

$0

Higher top officer pay than 23% of similar nonprofits.

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

2017 filings • 501(c)6 • $1M-$5M nonprofits • Source year 2017

Asset Growth

83rd percentile

20%

Faster asset growth than 83% of similar nonprofits.

2017 filings • 501(c)6 • $1M-$5M nonprofits • Annualized from 2016 to 2017

Revenue Growth

52nd percentile

4.2%

Faster revenue growth than 52% of similar nonprofits.

2017 filings • 501(c)6 • $1M-$5M nonprofits • Annualized from 2016 to 2017

Assets

Up

$1,249,960

Up $211,768 (+20%) from 2016

Net Assets

Up

$1,222,123

Up $213,505 (+21%) from 2016

Liabilities

Down

$27,837

Down $1,737 (-5.9%) from 2016

Revenue

Up

$2,005,978

Up $80,011 (+4.2%) from 2016

Expenses

Up

$1,792,473

Up $14,246 (+0.8%) from 2016

Net Income

Up

$213,505

Up $65,765 (+45%) from 2016

Historical Trend

Balance Sheet Trend

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

$4.0M$3.0M$2.0M$1.0M$0Assets 2011: $785,311Liabilities 2011: $39,783Net Assets 2011: $745,5282011Assets 2012: $790,510Liabilities 2012: $37,356Net Assets 2012: $753,1542012Assets 2013: $679,935Liabilities 2013: $9,936Net Assets 2013: $669,9992013Assets 2014: $776,758Liabilities 2014: $55,304Net Assets 2014: $721,4542014Assets 2015: $969,868Liabilities 2015: $108,990Net Assets 2015: $860,8782015Assets 2016: $1,038,192Liabilities 2016: $29,574Net Assets 2016: $1,008,6182016Assets 2017: $1,249,960Liabilities 2017: $27,837Net Assets 2017: $1,222,1232017Assets 2018: $1,517,085Liabilities 2018: $26,058Net Assets 2018: $1,491,0272018Assets 2019: $1,602,339Liabilities 2019: $52,389Net Assets 2019: $1,549,9502019Assets 2020: $1,532,026Liabilities 2020: $24,195Net Assets 2020: $1,507,8312020Assets 2021: $2,031,514Liabilities 2021: $321,106Net Assets 2021: $1,710,4082021Assets 2022: $2,243,604Liabilities 2022: $98,693Net Assets 2022: $2,144,9112022Assets 2023: $2,933,118Liabilities 2023: $299,150Net Assets 2023: $2,633,9682023Assets 2024: $3,351,443Liabilities 2024: $222,204Net Assets 2024: $3,129,2392024

Highlighted filing

2017

Assets$1,249,960
Liabilities$27,837
Net Assets$1,222,123

Operations Trend

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

$3.0M$2.0M$1.0M$0-$1.0MRevenue 2011: $1,184,238Expenses 2011: $1,206,948Net Income 2011: -$22,7102011Expenses 2012: $1,222,1622012Revenue 2013: $1,128,637Expenses 2013: $1,211,792Net Income 2013: -$83,1552013Revenue 2014: $1,585,875Expenses 2014: $1,534,420Net Income 2014: $51,4552014Revenue 2015: $1,656,528Expenses 2015: $1,517,104Net Income 2015: $139,4242015Revenue 2016: $1,925,967Expenses 2016: $1,778,227Net Income 2016: $147,7402016Revenue 2017: $2,005,978Expenses 2017: $1,792,473Net Income 2017: $213,5052017Revenue 2018: $2,033,322Expenses 2018: $1,764,418Net Income 2018: $268,9042018Revenue 2019: $1,979,031Expenses 2019: $1,920,108Net Income 2019: $58,9232019Revenue 2020: $1,713,441Expenses 2020: $1,755,560Net Income 2020: -$42,1192020Revenue 2021: $1,447,994Expenses 2021: $1,245,417Net Income 2021: $202,5772021Revenue 2022: $2,239,001Expenses 2022: $1,804,498Net Income 2022: $434,5032022Revenue 2023: $2,394,052Expenses 2023: $1,904,995Net Income 2023: $489,0572023Revenue 2024: $2,814,375Expenses 2024: $2,319,104Net Income 2024: $495,2712024

Highlighted filing

2017

Revenue$2,005,978
Expenses$1,792,473
Net Income$213,505
Jump To
Filing Snapshot
Filing Period
Jul 1, 2016 to Jun 30, 2017
Signed
Jan 15, 2018
Return Version
2016v3.0
Gross Receipts
$2,006,941
Mission and Program Overview

Mission

NONE

To promote tourism to and within montgomery county, md.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$627,528$767,702▲ $140,174
Accounts Receivable$327,691$384,689▲ $56,998
Savings and Temporary Cash Investments$69,564$69,501▼ $63
Prepaid Expenses and Deferred Charges$4,006$19,178▲ $15,172
Land, Buildings, and Equipment, Net$8,499$8,890▲ $391
Total Assets$1,038,192$1,249,960▲ $211,768
Other Assets Total$904--
Liabilities
Accounts Payable and Accrued Expenses$29,574$27,837▼ $1,737
Total Liabilities$29,574$27,837▼ $1,737
Net Assets / Fund Balance
Unrestricted Net Assets$1,008,618$1,222,123▲ $213,505
Total Net Assets Fund Balance$1,008,618$1,222,123▲ $213,505
Total Liabilities and Net Assets / Fund Balance$1,038,192$1,249,960▲ $211,768

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$8,890$8,118$17,008
Compensation and Service Providers

Board Members and Trustees

Revenue and Support

Revenue Composition

Contributions and Grants
$218,319
Program Service Revenue
$1,576,205
Investment Income
$-767
Other Revenue
$212,221
Change in Net Assets
$213,505
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$1,190,132
Salaries, Compensation, and Employee Benefits$602,341
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Advertising$499,216--$499,216
Other Salaries and Wages$451,212$47,941-$499,153
Information Technology$91,548--$91,548
All Other Expenses$66,680$6,703-$73,383
Conferences and Meetings$71,960--$71,960
Other Employee Benefits$35,956$28,266-$64,222
Payroll Taxes$35,212$3,754-$38,966
Occupancy$32,360--$32,360
Fees for Services Accounting-$30,126-$30,126
Other Expenses$3,429$25,693-$29,122
Office Expenses-$11,463-$11,463
Insurance-$6,417-$6,417
Depreciation Depletion-$3,169-$3,169
Fees for Services Legal-$1,014-$1,014
Total Functional Expenses$1,627,927$164,546$0$1,792,473
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
In-house lobbying only
No
Subject to proxy tax
Yes
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
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
No
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 return preparer sends a copy of the final version of form 990 before it is filed. However, no review of the form 990 is performed either before or after filing.

Form 990, Part VI, Section C, Line 18

The organization makes the form 990 available for public inspection upon request.

Form 990, Part VI, Section C, Line 19

Copies provided upon request.

Filing and Contact Details

Filer

Filer Name
Conference & Visitors Bureau of
EIN
52-1396987
Phone
3014289702
Address
1801 ROCKVILLE PIKE NO 320, ROCKVILLE, MD 20852

Signing Officer

Name
Kelly Groff
Title
President
Phone
3014289702
Signed
2018-01-15
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Kelly Groff
Formed
1983
Legal Domicile
Md
Voting Board Members
0
Independent Board Members
0
Employees
8
Volunteers
0

Preparer

Firm
Grossberg Company Llp
Address
6500 ROCK SPRING DRIVE SUITE 200, BETHESDA, MD 20817
Preparer
Lawrence N Rosenblum
Phone
3015711900
Raw XML AppendixShowing 400 of 418 raw XML fields

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/ProgramServiceRevenueGrp/Desc2MISC INCOME
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IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt15266
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IRS990/ReportOtherLiabilitiesInd00
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IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/State0RESTRICTED
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IRS990ScheduleB/ContributorInformationGrp/TotalContributionsAmt0RESTRICTED
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IRS990ScheduleC/OnlyInHouseLobbyingInd00
IRS990ScheduleC/SubstantiallyAllDuesNondedInd00
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IRS990ScheduleD/EquipmentGrp/DepreciationAmt08118
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE RETURN PREPARER SENDS A COPY OF THE FINAL VERSION OF FORM 990 BEFORE IT IS FILED. HOWEVER, NO REVIEW OF THE FORM 990 IS PERFORMED EITHER BEFORE OR AFTER FILING.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE ORGANIZATION MAKES THE FORM 990 AVAILABLE FOR PUBLIC INSPECTION UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2COPIES PROVIDED UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART VI, SECTION B, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, SECTION C, LINE 18
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PART VI, SECTION C, LINE 19
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IRS990/TaxExemptBondsInd00
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IRS990/TerminateOperationsInd00
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IRS990/VotingMembersIndependentCnt00
IRS990/WebsiteAddressTxt0WWW.CVBMONTCO.COM
IRS990/WhistleblowerPolicyInd00
ReturnHeader/BuildTS02018-03-14 21:41:22Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd01
ReturnHeader/BusinessOfficerGrp/PersonNm0KELLY GROFF
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0PRESIDENT
ReturnHeader/BusinessOfficerGrp/PhoneNum03014289702
ReturnHeader/BusinessOfficerGrp/SignatureDt02018-01-15
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0CONFERENCE & VISITORS BUREAU OF
ReturnHeader/Filer/BusinessName/BusinessNameLine2Txt0MONTGOMERY COUNTY MARYLAND INC
ReturnHeader/Filer/BusinessNameControlTxt0CONF
ReturnHeader/Filer/EIN0521396987
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Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$3.35$0.22$3.13$2.81$2.32$0.50
2023XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$2.93$0.30$2.63$2.39$1.90$0.49
2022Facts available. Structured filing facts are available, but richer extracted sections are limited.$2.24$0.10$2.14$2.24$1.80$0.43
2021XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$2.03$0.32$1.71$1.45$1.25$0.20
2020XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.53$0.02$1.51$1.71$1.76$0.04
2019XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.60$0.05$1.55$1.98$1.92$0.06
2018XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.52$0.03$1.49$2.03$1.76$0.27
2017Detailed filing. Detailed filing data is available for this year.$1.25$0.03$1.22$2.01$1.79$0.21
2016Detailed filing. Detailed filing data is available for this year.$1.04$0.03$1.01$1.93$1.78$0.15
2015Detailed filing. Detailed filing data is available for this year.$0.97$0.11$0.86$1.66$1.52$0.14
2014Detailed filing. Detailed filing data is available for this year.$0.78$0.06$0.72$1.59$1.53$0.05
2013Summary only. Only limited summary data is available for this year.$0.68$0.01$0.67$1.13$1.21$0.08
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.79$0.04$0.75$1.22
2011Summary only. Only limited summary data is available for this year.$0.79$0.04$0.75$1.18$1.21$0.02
Peer Organizations

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