Civic Intelligence

Roanoke Valley Convention and Vis Itors Bureau

990 • Fiscal year 2014 • EIN 54-1520963

Jul 01, 2013 to Jun 30, 2014 • Filed on Oct 06, 2014

101 Shenandoah Avenue NERoanoke, VA 24016

(540) 342-6025

Siviq Scores

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

Liabilities / Assets

30th percentile

0.07x

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

2014 filings • 501(c)6 • $1M-$5M nonprofits • Source year 2014

Liabilities / Revenue

19th percentile

0.02x

Higher debt load relative to revenue than 19% of similar nonprofits.

2014 filings • 501(c)6 • $1M-$5M nonprofits • Source year 2014

Net Margin

67th percentile

7.8%

Higher net margin than 67% of similar nonprofits.

2014 filings • 501(c)6 • $1M-$5M nonprofits • Source year 2014

Top Officer Pay

46th percentile

$127,478

Higher top officer pay than 46% of similar nonprofits.

Top officer pay equals 4.9% of source-year revenue.

2014 filings • 501(c)6 • $1M-$5M nonprofits • Source year 2014

Asset Growth

91st percentile

30%

Faster asset growth than 91% of similar nonprofits.

2014 filings • 501(c)6 • $1M-$5M nonprofits • Annualized from 2013 to 2014

Revenue Growth

94th percentile

47%

Faster revenue growth than 94% of similar nonprofits.

2014 filings • 501(c)6 • $1M-$5M nonprofits • Annualized from 2013 to 2014

Assets

Up

$852,881

Up $198,322 (+30%) from 2013

Net Assets

Up

$794,211

Up $204,511 (+35%) from 2013

Liabilities

Down

$58,670

Down $6,189 (-9.5%) from 2013

Revenue

$2,620,306

No earlier filing loaded for comparison.

Expenses

Up

$2,415,795

Up $915,718 (+61%) from 2013

Net Income

$204,511

No earlier filing loaded for comparison.

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 2013: $654,559Liabilities 2013: $64,859Net Assets 2013: $589,7002013Assets 2014: $852,881Liabilities 2014: $58,670Net Assets 2014: $794,2112014Assets 2015: $1,071,691Liabilities 2015: $59,251Net Assets 2015: $1,012,4402015Assets 2016: $984,874Liabilities 2016: $58,378Net Assets 2016: $926,4962016Assets 2017: $889,835Liabilities 2017: $94,214Net Assets 2017: $795,6212017Assets 2018: $1,214,220Liabilities 2018: $85,128Net Assets 2018: $1,129,0922018Assets 2019: $964,673Liabilities 2019: $82,369Net Assets 2019: $882,3042019Assets 2020: $1,562,151Liabilities 2020: $452,199Net Assets 2020: $1,109,9522020Assets 2021: $2,101,465Liabilities 2021: $502,961Net Assets 2021: $1,598,5042021Assets 2022: $3,438,389Liabilities 2022: $1,085,102Net Assets 2022: $2,353,2872022Assets 2023: $3,294,231Liabilities 2023: $1,295,366Net Assets 2023: $1,998,8652023Assets 2024: $3,434,563Liabilities 2024: $1,109,959Net Assets 2024: $2,324,6042024

Highlighted filing

2014

Assets$852,881
Liabilities$58,670
Net Assets$794,211

Operations Trend

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

$6.0M$4.0M$2.0M$0-$2.0MExpenses 2013: $1,500,0772013Revenue 2014: $2,620,306Expenses 2014: $2,415,795Net Income 2014: $204,5112014Revenue 2015: $2,866,001Expenses 2015: $2,647,772Net Income 2015: $218,2292015Revenue 2016: $2,833,776Expenses 2016: $2,919,720Net Income 2016: -$85,9442016Revenue 2017: $2,935,370Expenses 2017: $3,066,245Net Income 2017: -$130,8752017Revenue 2018: $3,342,789Expenses 2018: $3,009,318Net Income 2018: $333,4712018Revenue 2019: $3,189,697Expenses 2019: $3,436,485Net Income 2019: -$246,7882019Revenue 2020: $2,707,942Expenses 2020: $2,480,294Net Income 2020: $227,6482020Revenue 2021: $2,470,876Expenses 2021: $1,982,324Net Income 2021: $488,5522021Revenue 2022: $4,197,074Expenses 2022: $3,442,291Net Income 2022: $754,7832022Revenue 2023: $4,018,675Expenses 2023: $4,373,097Net Income 2023: -$354,4222023Revenue 2024: $4,085,893Expenses 2024: $4,431,264Net Income 2024: -$345,3712024

Highlighted filing

2014

Revenue$2,620,306
Expenses$2,415,795
Net Income$204,511
Jump To
Filing Snapshot
Filing Period
Jul 1, 2013 to Jun 30, 2014
Signed
Oct 6, 2014
Return Version
2013v3.1
Gross Receipts
$2,620,790
Mission and Program Overview

Mission

Regional Visitors Bureau

Balance Sheet Detail
LineBeginningEndChange
Assets
Savings and Temporary Cash Investments$227,765$376,076▲ $148,311
Cash and Non-Interest-Bearing Accounts$225,709$295,846▲ $70,137
Accounts Receivable$91,313$99,062▲ $7,749
Prepaid Expenses and Deferred Charges$83,128$63,693▼ $19,435
Land, Buildings, and Equipment, Net$26,346$17,906▼ $8,440
Other Notes and Loans Receivable, Net-$0-
Pledges and Grants Receivable-$0-
Receivable From Disqualified Prsn-$0-
Receivables From Officers Etc-$0-
Investments Other Securities-$0-
Investments Program Related-$0-
Investments in Publicly Traded Securities-$0-
Intangible Assets-$0-
Inventories for Sale or Use-$0-
Total Assets$654,559$852,881▲ $198,322
Other Assets Total$298$298→ $0
Liabilities
Accounts Payable and Accrued Expenses$64,859$58,670▼ $6,189
Total Liabilities$64,859$58,670▼ $6,189
Net Assets / Fund Balance
Unrestricted Net Assets$589,700$794,211▲ $204,511
Total Net Assets Fund Balance$589,700$794,211▲ $204,511
Total Liabilities and Net Assets / Fund Balance$654,559$852,881▲ $198,322

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$10,719$32,226$42,945
Other Land Buildings$6,135$33,865$40,000
Leasehold Improvements$1,052$11,169$12,221
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Landon HowardPresidentFT$107,500$19,978$127,478

Board Members and Trustees

Revenue and Support

Revenue Composition

Contributions and Grants
$2,608,543
Program Service Revenue
$11,938
Investment Income
$-175
Other Revenue
$0
All Other Contributions
$185,499
Change in Net Assets
$204,511

Noncash Contribution Practices

Property subject to holding requirements
No
Reviewed unusual noncash gifts
No
Third parties used for noncash contributions
No

Noncash Contributions

Contribution TypeContribution CountReported Amount
Other Non Cash Contri Table1$74,536
Total Noncash Contributions1$74,536

Audited Revenue Reconciliation

Revenue per Audited Statements
$2,620,306
Total Revenue per Audited Statements
$2,620,306
Total Revenue per Form 990
$2,620,306
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$1,620,927
Salaries, Compensation, and Employee Benefits$794,868
Total Fundraising Expense$11,066
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Advertising$1,009,055$6,908-$1,015,963
Other Salaries and Wages$467,543$48,778$4,893$521,214
Current Officers, Directors, Trustees, and Key Employees$76,487$49,716$1,275$127,478
All Other Expenses$66,064$42,633$654$109,351
Occupancy$639$95,582$972$97,193
Other Employee Benefits$64,081$7,085$716$71,882
Office Expenses-$67,242$679$67,921
Payroll Taxes$44,671$6,776$520$51,967
Other Expenses$43,909$620$848$43,909
Pension Plan Contributions$17,897$4,207$223$22,327
Travel$11,044$9,715$210$20,969
Fees for Services Accounting-$20,200-$20,200
Conferences and Meetings$10,745--$10,745
Depreciation Depletion-$7,954-$7,954
Insurance-$7,504$76$7,580
Fees for Services Legal-$6,616-$6,616
Total Functional Expenses$2,023,193$381,536$11,066$2,415,795

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$2,415,795
Total Expenses per Audited Statements$2,415,795
Total Expenses per Form 990$2,415,795
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
Lobbying activity
No
Subject to proxy tax
No
Insider Transactions and Loans

Loans and Receivables

Line ItemBeginningEndChange
Receivables from Disqualified Persons-$0-
Receivables from Officers, Directors, Trustees, and Key Employees-$0-
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
No
Audit committee
No
Backup withholding compliance
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
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, Line 6: Explanation of Classes of Members or Shareholder

Elected board of directors

Form 990, Part VI, Line 11B: Form 990 Review Process

Review by executive director and executive committee.

Form 990, Part VI, Line 19: Other Organization Documents Publicly Available

No documents available to the public.

Filing and Contact Details

Filer

EIN
54-1520963
Phone
5403426025

Signing Officer

Name
Landon Howard
Title
President
Signed
2014-10-06
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Landon Howard
Formed
1989
Legal Domicile
Va
Voting Board Members
25
Independent Board Members
0
Employees
22

Preparer

Preparer
Kenneth L Prickitt
Phone
5409823852
Supplemental Narrative

Financial Statement Notes

Part X : FIN48 Footnote

The Organization is exempt from federal income taxes under Section 501(c)(6) of the Internal Revenue Code but is required to pay taxes on unrelated business income. The Organization has been determined by the Internal Revenue Service not to be a private foundation within the meaing of Section 509(a) of the Code. Federal taxes on unrelated business income, if applicable, are provided at the statutory rate.

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IRS990/Form990PartVIISectionAGrp/PersonNm25LANDON HOWARD
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IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt00
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IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt20
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt30
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt40
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IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt60
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IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt90
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IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt240
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt250
IRS990/Form990PartVIISectionAGrp/TitleTxt0Director
IRS990/Form990PartVIISectionAGrp/TitleTxt1Director
IRS990/Form990PartVIISectionAGrp/TitleTxt2Treasurer
IRS990/Form990PartVIISectionAGrp/TitleTxt3Director
IRS990/Form990PartVIISectionAGrp/TitleTxt4Secretary
IRS990/Form990PartVIISectionAGrp/TitleTxt5Director
IRS990/Form990PartVIISectionAGrp/TitleTxt6Vice Chair
IRS990/Form990PartVIISectionAGrp/TitleTxt7Chairman
IRS990/Form990PartVIISectionAGrp/TitleTxt8Past Chair
IRS990/Form990PartVIISectionAGrp/TitleTxt9Director
IRS990/Form990PartVIISectionAGrp/TitleTxt10Director
IRS990/Form990PartVIISectionAGrp/TitleTxt11Director
IRS990/Form990PartVIISectionAGrp/TitleTxt12Director
IRS990/Form990PartVIISectionAGrp/TitleTxt13Director
IRS990/Form990PartVIISectionAGrp/TitleTxt14Director
IRS990/Form990PartVIISectionAGrp/TitleTxt15Director
IRS990/Form990PartVIISectionAGrp/TitleTxt16Director
IRS990/Form990PartVIISectionAGrp/TitleTxt17Director
IRS990/Form990PartVIISectionAGrp/TitleTxt18Director
IRS990/Form990PartVIISectionAGrp/TitleTxt19Director
IRS990/Form990PartVIISectionAGrp/TitleTxt20Director
IRS990/Form990PartVIISectionAGrp/TitleTxt21Director
IRS990/Form990PartVIISectionAGrp/TitleTxt22Director
IRS990/Form990PartVIISectionAGrp/TitleTxt23Director
IRS990/Form990PartVIISectionAGrp/TitleTxt24Director
IRS990/Form990PartVIISectionAGrp/TitleTxt25PRESIDENT
IRS990/Form990ProvidedToGvrnBodyInd0true
IRS990/Form990TFiledInd0false
IRS990/FormationYr01989
IRS990/FormerOfcrEmployeesListedInd0false
IRS990/FSAuditedBasisGrp/SeparateBasisFinclStmtInd0X
IRS990/FSAuditedInd0true
IRS990/FundraisingActivitiesInd0false
IRS990/GainOrLossGrp/OtherAmt0-484
IRS990/GamingActivitiesInd0false
IRS990/GoverningBodyVotingMembersCnt025
IRS990/GovernmentGrantsAmt02423044
IRS990/GrantAmt02608543
IRS990/GrantsToDomesticIndividualsGrp/TotalAmt00
IRS990/GrantsToDomesticOrgsGrp/TotalAmt00
IRS990/GrantsToIndividualsInd0false
IRS990/GrantsToOrganizationsInd0false
IRS990/GrantToRelatedPersonInd0false
IRS990/GrossReceiptsAmt02620790
IRS990/GroupReturnForAffiliatesInd0false
IRS990/IncludeFIN48FootnoteInd0true
IRS990/IncmFromInvestBondProceedsGrp/TotalRevenueColumnAmt00
IRS990/IndependentAuditFinclStmtInd0true
IRS990/IndependentVotingMemberCnt00
IRS990/IndivRcvdGreaterThan100KCnt01
IRS990/IndoorTanningServicesInd0false
IRS990/InfoInScheduleOPartVIInd0X
IRS990/InformationTechnologyGrp/TotalAmt00
IRS990/InsuranceGrp/FundraisingAmt076
IRS990/InsuranceGrp/ManagementAndGeneralAmt07504
IRS990/InsuranceGrp/TotalAmt07580
IRS990/IntangibleAssetsGrp/EOYAmt00
IRS990/InterestGrp/TotalAmt00
IRS990/InventoriesForSaleOrUseGrp/EOYAmt00
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IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt0309
IRS990/InvestmentInJointVentureInd0false
IRS990/InvestmentsOtherSecuritiesGrp/EOYAmt00
IRS990/InvestmentsProgramRelatedGrp/EOYAmt00
IRS990/InvestmentsPubTradedSecGrp/EOYAmt00
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IRS990/IRPDocumentCnt03
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IRS990/LandBldgEquipAccumDeprecAmt077260
IRS990/LandBldgEquipBasisNetGrp/BOYAmt026346
IRS990/LandBldgEquipBasisNetGrp/EOYAmt017906
IRS990/LandBldgEquipCostOrOtherBssAmt095166
IRS990/LegalDomicileStateCd0VA
IRS990/LessCostOthBasisSalesExpnssGrp/OtherAmt0484
IRS990/LicensedMoreThanOneStateInd0false
IRS990/LoanOutstandingInd0false
IRS990/LobbyingActivitiesInd0false
IRS990/LocalChaptersInd0false
IRS990/MaterialDiversionOrMisuseInd0false
IRS990/MembersOrStockholdersInd0true
IRS990/MethodOfAccountingAccrualInd0X
IRS990/MinutesOfCommitteesInd0true
IRS990/MinutesOfGoverningBodyInd0true
IRS990/MissionDesc0Regional Visitors Bureau
IRS990/MoreThan5000KToIndividualsInd0false
IRS990/MoreThan5000KToOrgInd0false
IRS990/NetAssetsOrFundBalancesBOYAmt0589700
IRS990/NetAssetsOrFundBalancesEOYAmt0794211
IRS990/NetGainOrLossInvestmentsGrp/RelatedOrExemptFuncIncomeAmt0-484
IRS990/NetGainOrLossInvestmentsGrp/TotalRevenueColumnAmt0-484
IRS990/NetIncmFromFundraisingEvtGrp/TotalRevenueColumnAmt00
IRS990/NetIncomeFromGamingGrp/TotalRevenueColumnAmt00
IRS990/NetIncomeOrLossGrp/TotalRevenueColumnAmt00
IRS990/NetRentalIncomeOrLossGrp/TotalRevenueColumnAmt00
IRS990/NoListedPersonsCompensatedInd0X
IRS990/NoncashContributionsAmt074536
IRS990/NondeductibleContributionsInd0false
IRS990/OccupancyGrp/FundraisingAmt0972
IRS990/OccupancyGrp/ManagementAndGeneralAmt095582
IRS990/OccupancyGrp/ProgramServicesAmt0639
IRS990/OccupancyGrp/TotalAmt097193
IRS990/OfficeExpensesGrp/FundraisingAmt0679
IRS990/OfficeExpensesGrp/ManagementAndGeneralAmt067242
IRS990/OfficeExpensesGrp/TotalAmt067921
IRS990/OfficerMailingAddressInd0false
IRS990/OnBehalfOfIssuerInd0false
IRS990/OperateHospitalInd0false
IRS990/Organization501cInd0X
IRS990/OrganizationFollowsSFAS117Ind0X
IRS990/OrgFiledInLieuOfForm1041Ind0false
IRS990/OtherAssetsTotalGrp/BOYAmt0298
IRS990/OtherAssetsTotalGrp/EOYAmt0298
IRS990/OtherEmployeeBenefitsGrp/FundraisingAmt0716
IRS990/OtherEmployeeBenefitsGrp/ManagementAndGeneralAmt07085
IRS990/OtherEmployeeBenefitsGrp/ProgramServicesAmt064081
IRS990/OtherEmployeeBenefitsGrp/TotalAmt071882
IRS990/OtherExpensesGrp/Desc0WEBSITE DEVELOPMENT
IRS990/OtherExpensesGrp/Desc1IN-KIND EXPENSE
IRS990/OtherExpensesGrp/Desc2RESEARCH IMAGE

Document Assets

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Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$3.43$1.11$2.32$4.09$4.43$0.35
2023XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$3.29$1.30$2.00$4.02$4.37$0.35
2022XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$3.44$1.09$2.35$4.20$3.44$0.75
2021Facts available. Structured filing facts are available, but richer extracted sections are limited.$2.10$0.50$1.60$2.47$1.98$0.49
2020Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.56$0.45$1.11$2.71$2.48$0.23
2019Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.96$0.08$0.88$3.19$3.44$0.25
2018Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.21$0.09$1.13$3.34$3.01$0.33
2017XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.89$0.09$0.80$2.94$3.07$0.13
2016Detailed filing. Detailed filing data is available for this year.$0.98$0.06$0.93$2.83$2.92$0.09
2015Detailed filing. Detailed filing data is available for this year.$1.07$0.06$1.01$2.87$2.65$0.22
2014Detailed filing. Detailed filing data is available for this year.$0.85$0.06$0.79$2.62$2.42$0.20
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.65$0.06$0.59$1.50