Civic Intelligence

Cabell Huntington Convention

990 • Fiscal year 2020 • EIN 55-0656683

Jul 01, 2019 to Jun 30, 2020 • Filed on Oct 20, 2020

PO Box 347Huntington, WV 25708-0347

(304) 525-7333

Siviq Scores

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

Liabilities / Assets

74th percentile

0.27x

Higher debt load relative to assets than 74% of similar nonprofits.

2020 filings • 501(c)6 • $500k-$1M nonprofits • Source year 2020

Liabilities / Revenue

78th percentile

0.37x

Higher debt load relative to revenue than 78% of similar nonprofits.

2020 filings • 501(c)6 • $500k-$1M nonprofits • Source year 2020

Net Margin

8th percentile

-30%

Higher net margin than 8% of similar nonprofits.

2020 filings • 501(c)6 • $500k-$1M nonprofits • Source year 2020

Top Officer Pay

64th percentile

$89,663

Higher top officer pay than 64% of similar nonprofits.

Top officer pay equals 16.2% of source-year revenue.

2020 filings • 501(c)6 • $500k-$1M nonprofits • Source year 2020

Asset Growth

31st percentile

-1.4%

Faster asset growth than 31% of similar nonprofits.

2020 filings • 501(c)6 • $500k-$1M nonprofits • Annualized from 2019 to 2020

Revenue Growth

27th percentile

-23%

Faster revenue growth than 27% of similar nonprofits.

2020 filings • 501(c)6 • $500k-$1M nonprofits • Annualized from 2019 to 2020

Assets

Down

$738,253

Down $10,781 (-1.4%) from 2019

Net Assets

Down

$535,299

Down $164,008 (-23%) from 2019

Liabilities

Up

$202,954

Up $153,227 (+308%) from 2019

Revenue

Down

$552,451

Down $168,801 (-23%) from 2019

Expenses

Down

$716,459

Down $65,192 (-8.3%) from 2019

Net Income

Down

-$164,008

Down $103,609 (-172%) from 2019

Historical Trend

Balance Sheet Trend

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

$1.5M$1.0M$500K$0Assets 2011: $526,774Liabilities 2011: $26,776Net Assets 2011: $499,9982011Assets 2012: $455,961Liabilities 2012: $8,265Net Assets 2012: $447,6962012Assets 2013: $485,629Liabilities 2013: $9,257Net Assets 2013: $476,3722013Assets 2014: $486,532Liabilities 2014: $24,351Net Assets 2014: $462,1812014Assets 2015: $514,877Liabilities 2015: $13,816Net Assets 2015: $501,0612015Assets 2016: $652,821Liabilities 2016: $17,387Net Assets 2016: $635,4342016Assets 2017: $710,317Liabilities 2017: $19,414Net Assets 2017: $690,9032017Assets 2018: $781,448Liabilities 2018: $21,742Net Assets 2018: $759,7062018Assets 2019: $749,034Liabilities 2019: $49,727Net Assets 2019: $699,3072019Assets 2020: $738,253Liabilities 2020: $202,954Net Assets 2020: $535,2992020Assets 2021: $1,015,868Liabilities 2021: $314,641Net Assets 2021: $701,2272021Assets 2022: $1,286,903Liabilities 2022: $153,282Net Assets 2022: $1,133,6212022Assets 2023: $1,286,255Liabilities 2023: $66,678Net Assets 2023: $1,219,5772023Assets 2024: $1,258,735Liabilities 2024: $21,948Net Assets 2024: $1,236,7872024Assets 2025: $1,328,431Liabilities 2025: $27,608Net Assets 2025: $1,300,8232025

Highlighted filing

2020

Assets$738,253
Liabilities$202,954
Net Assets$535,299

Operations Trend

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

$1.5M$1.0M$500K$0-$500KRevenue 2011: $679,922Expenses 2011: $686,746Net Income 2011: -$6,8242011Revenue 2012: $648,467Expenses 2012: $700,769Net Income 2012: -$52,3022012Revenue 2013: $654,930Expenses 2013: $666,697Net Income 2013: -$11,7672013Revenue 2014: $619,397Expenses 2014: $633,588Net Income 2014: -$14,1912014Revenue 2015: $509,251Expenses 2015: $470,371Net Income 2015: $38,8802015Revenue 2016: $709,006Expenses 2016: $574,633Net Income 2016: $134,3732016Revenue 2017: $715,035Expenses 2017: $659,566Net Income 2017: $55,4692017Revenue 2018: $742,816Expenses 2018: $674,013Net Income 2018: $68,8032018Revenue 2019: $721,252Expenses 2019: $781,651Net Income 2019: -$60,3992019Revenue 2020: $552,451Expenses 2020: $716,459Net Income 2020: -$164,0082020Revenue 2021: $713,004Expenses 2021: $547,076Net Income 2021: $165,9282021Revenue 2022: $1,144,881Expenses 2022: $712,487Net Income 2022: $432,3942022Revenue 2023: $824,527Expenses 2023: $738,571Net Income 2023: $85,9562023Revenue 2024: $819,260Expenses 2024: $802,050Net Income 2024: $17,2102024Revenue 2025: $886,795Expenses 2025: $822,759Net Income 2025: $64,0362025

Highlighted filing

2020

Revenue$552,451
Expenses$716,459
Net Income-$164,008
Jump To
Filing Snapshot
Filing Period
Jul 1, 2019 to Jun 30, 2020
Signed
Oct 20, 2020
Return Version
2019v5.1
Gross Receipts
$695,582
Mission and Program Overview

Mission

To be the economic engine that serves as a conduit to educate visitors and promote the resources of cabell county, wv and surrounding areas.

To operate a convention & visitors bureau for surrounding areas which encourages increased economic development and tourism to further the general welfare and prosperity of the area.

Balance Sheet Detail
LineBeginningEndChange
Assets
Savings and Temporary Cash Investments$587,321$651,609▲ $64,288
Accounts Receivable$140,131$61,673▼ $78,458
Inventories for Sale or Use$17,561$16,011▼ $1,550
Land, Buildings, and Equipment, Net$3,721$8,680▲ $4,959
Cash and Non-Interest-Bearing Accounts$300$280▼ $20
Other Notes and Loans Receivable, Net$0$0→ $0
Pledges and Grants Receivable$0$0→ $0
Receivable From Disqualified Prsn$0$0→ $0
Receivables From Officers Etc$0$0→ $0
Investments Other Securities$0$0→ $0
Investments Program Related$0$0→ $0
Investments in Publicly Traded Securities$0$0→ $0
Intangible Assets$0$0→ $0
Loans From Officers Directors$0$0→ $0
Prepaid Expenses and Deferred Charges$0$0→ $0
Total Assets$749,034$738,253▼ $10,781
Other Assets Total$0$0→ $0
Liabilities
Mortgage Notes Payable Secured by Investment Property$0$150,000▲ $150,000
Accounts Payable and Accrued Expenses$49,727$52,954▲ $3,227
Grants Payable$0$0→ $0
Unsecured Notes Loans Payable$0$0→ $0
Other Liabilities$0$0→ $0
Deferred Revenue$0$0→ $0
Escrow Account Liability$0$0→ $0
Tax Exempt Bond Liabilities$0$0→ $0
Total Liabilities$49,727$202,954▲ $153,227
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$699,307$535,299▼ $164,008
Net Assets With Donor Restrictions$0$0→ $0
Total Net Assets Fund Balance$699,307$535,299▼ $164,008
Total Liabilities and Net Assets / Fund Balance$749,034$738,253▼ $10,781

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$7,200$40,042$47,242
Other Land Buildings$1,480$43,810$45,290
Leasehold Improvements$0$4,160$4,160
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseTotal
Flem T ComptonPresidentFT$89,663$89,663

Board Members and Trustees

NameTitle
William KelleyChair
Audy PerryVice Chair
Ava BicknellDirector
Carol DamronDirector
Dave LavenderDirector
Geoff FlemingDirector
Jack BoylinDirector
Mike AlexanderDirector
Mike HamrickDirector
Mike ShockleyDirector
Nancy CartmillDirector
Randy DunfeeDirector
Wade MidkiffDirector
Will HollandDirector
Sandra ReedSecretary
Margaret Mary LayneTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$523,583
Program Service Revenue
$25,300
Investment Income
$1,398
Other Revenue
$2,170
Change in Net Assets
$-164,008
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$434,351
Salaries, Compensation, and Employee Benefits$282,108
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Advertising---$266,236
Other Salaries and Wages---$122,963
Current Officers, Directors, Trustees, and Key Employees---$90,788
Occupancy---$49,573
Other Employee Benefits---$44,872
Office Expenses---$28,410
Payroll Taxes---$21,043
Fees for Services Accounting---$19,850
Travel---$14,097
Conferences and Meetings---$11,610
Information Technology---$10,359
Insurance---$4,176
Pension Plan Contributions---$2,442
Depreciation Depletion---$1,845
Fees for Services Legal---$1,795
Other Expenses---$453
Interest---$17
Total Functional Expenses$0$0$0$716,459
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Direct Expenses$0
Fundraising Gross Income$0
Gaming Direct Expenses$0
Gaming Gross Income$0
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Subject to proxy tax
No
Insider Transactions and Loans

Loans and Receivables

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

Governance Checklist

Compiled or reviewed by an accountant
Yes
Annual disclosure for covered persons
Yes
Audit committee
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
Yes
Other officer compensation reviewed
Yes
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, Part VI, Section B, Line 11

The 990 is prepared by the certified public accounting firm engaged by the corporation. It is reviewed by staff and the treasurer of the board. The treasurer presents it to the executive committee for review and approval. The executive committee reviews and approves the 990 and adopts a resolution to present it at a full board meeting. At the full board meeting the 990 is approved by resolution. Copies of the 990 are provided to every board member.

Form 990, Part VI, Section B, Line 12C

All contracts or transactions between board members and the entity must be disclosed and voted on by board and must meet appropriate guidelines.

Form 990, Part VI, Section A, Line 6

The organization has members

Form 990, Part VI, Section A, Line 7A

The membership of the cabell-huntington convention & visitor's bureau elects five directors to the board from the membership.

Form 990, Part VI, Section C, Line 19

All governing documents, conflict of interest policy and financial statements are made available upon request.

Form 990, Part VI, Section B, Line 15

The executive committee reviews the compensation of executive director and key employees.

Filing and Contact Details

Filer

Filer Name
Cabell Huntington Convention
EIN
55-0656683
In Care Of
% TYSON COMPTON
Phone
3045257333
Address
PO BOX 347, HUNTINGTON, WV 25708-0347

Signing Officer

Name
Tyson Compton
Title
President
Phone
3045257333
Signed
2020-10-20
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Tyson Compton
Formed
1985
Legal Domicile
Wv
Voting Board Members
16
Independent Board Members
16
Employees
8

Preparer

Firm
Somerville & Company Pllc
Address
501 5TH AVENUE, HUNTINGTON, WV 25701
Preparer
Barry L Burgess CPA
Phone
3045250301
Supplemental Narrative

Financial Statement Notes

Form 990 Schedule D Part X Line 2

The bureau follows the provisions of accounting standards codification (asc) topic 740, income taxes, relating to unrecognized tax benefits. This standard requires an entity to recognize a liability for tax positions when there is a 50% or greater likelihood that the position will not be sustained upon examination. The bureau is liable for taxes to the extent of any unrelated business income as defined by irs regulations. The bureau believes that it has not engaged in any unrelated business income as defined by irs regulations and that it is more likely than not that this position would be sustained upon examination. As such, there were no liabilities recorded for uncertain tax positions as of june 30, 2020 and 2019.

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IRS990/Form990PartVIISectionAGrp/TitleTxt0PRESIDENT
IRS990/Form990PartVIISectionAGrp/TitleTxt1DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt2DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt3DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt4DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt5DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt6DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt7DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt8DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt9DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt10DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt11DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt12DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt13CHAIR
IRS990/Form990PartVIISectionAGrp/TitleTxt14TREASURER
IRS990/Form990PartVIISectionAGrp/TitleTxt15SECRETARY
IRS990/Form990PartVIISectionAGrp/TitleTxt16VICE CHAIR
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IRS990/LandBldgEquipCostOrOtherBssAmt096692
IRS990/LegalDomicileStateCd0WV
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IRS990/MembersOrStockholdersInd0true
IRS990/MethodOfAccountingAccrualInd0X
IRS990/MinutesOfCommitteesInd0true
IRS990/MinutesOfGoverningBodyInd0true
IRS990/MissionDesc0TO BE THE ECONOMIC ENGINE THAT SERVES AS A CONDUIT TO EDUCATE VISITORS AND PROMOTE THE RESOURCES OF CABELL AND WAYNE COUNTIES IN WV AND SURROUNDING AREAS.
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IRS990/MoreThan5000KToOrgInd0false
IRS990/MortgNotesPyblScrdInvstPropGrp/BOYAmt00
IRS990/MortgNotesPyblScrdInvstPropGrp/EOYAmt0150000
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IRS990/NetGainOrLossInvestmentsGrp/TotalRevenueColumnAmt00
IRS990/NetIncmFromFundraisingEvtGrp/TotalRevenueColumnAmt00
IRS990/NetIncomeFromGamingGrp/TotalRevenueColumnAmt00
IRS990/NetIncomeOrLossGrp/RelatedOrExemptFuncIncomeAmt0-6360
IRS990/NetIncomeOrLossGrp/TotalRevenueColumnAmt0-6360
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IRS990/NetRentalIncomeOrLossGrp/TotalRevenueColumnAmt08530
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IRS990/OtherExpensesGrp/Desc0INCENTIVE PROGRAM
IRS990/OtherExpensesGrp/Desc1EVENT HOSTING
IRS990/OtherExpensesGrp/Desc2MISCELLANEOUS
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IRS990/OtherExpensesGrp/TotalAmt1120
IRS990/OtherExpensesGrp/TotalAmt2453
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IRS990/ProgramServiceRevenueGrp/Desc0PROMOTION & MARKETING
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IRS990ScheduleD/EquipmentGrp/DepreciationAmt040042
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt047242
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IRS990ScheduleD/FootnoteTextInd0X
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IRS990ScheduleD/LeaseholdImprovementsGrp/OtherCostOrOtherBasisAmt04160
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt01480
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt043810
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt045290
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0THE BUREAU FOLLOWS THE PROVISIONS OF ACCOUNTING STANDARDS CODIFICATION (ASC) TOPIC 740, INCOME TAXES, RELATING TO UNRECOGNIZED TAX BENEFITS. THIS STANDARD REQUIRES AN ENTITY TO RECOGNIZE A LIABILITY FOR TAX POSITIONS WHEN THERE IS A 50% OR GREATER LIKELIHOOD THAT THE POSITION WILL NOT BE SUSTAINED UPON EXAMINATION. THE BUREAU IS LIABLE FOR TAXES TO THE EXTENT OF ANY UNRELATED BUSINESS INCOME AS DEFINED BY IRS REGULATIONS. THE BUREAU BELIEVES THAT IT HAS NOT ENGAGED IN ANY UNRELATED BUSINESS INCOME AS DEFINED BY IRS REGULATIONS AND THAT IT IS MORE LIKELY THAN NOT THAT THIS POSITION WOULD BE SUSTAINED UPON EXAMINATION. AS SUCH, THERE WERE NO LIABILITIES RECORDED FOR UNCERTAIN TAX POSITIONS AS OF JUNE 30, 2020 AND 2019.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990 SCHEDULE D PART X LINE 2
IRS990ScheduleD/TotalBookValueLandBuildingsAmt08680
IRS990ScheduleD/TotalLiabilityAmt00
IRS990/ScheduleJRequiredInd0false
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE 990 IS PREPARED BY THE CERTIFIED PUBLIC ACCOUNTING FIRM ENGAGED BY THE CORPORATION. IT IS REVIEWED BY STAFF AND THE TREASURER OF THE BOARD. THE TREASURER PRESENTS IT TO THE EXECUTIVE COMMITTEE FOR REVIEW AND APPROVAL. THE EXECUTIVE COMMITTEE REVIEWS AND APPROVES THE 990 AND ADOPTS A RESOLUTION TO PRESENT IT AT A FULL BOARD MEETING. AT THE FULL BOARD MEETING THE 990 IS APPROVED BY RESOLUTION. COPIES OF THE 990 ARE PROVIDED TO EVERY BOARD MEMBER.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1ALL CONTRACTS OR TRANSACTIONS BETWEEN BOARD MEMBERS AND THE ENTITY MUST BE DISCLOSED AND VOTED ON BY BOARD AND MUST MEET APPROPRIATE GUIDELINES.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE ORGANIZATION HAS MEMBERS
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3THE MEMBERSHIP OF THE CABELL-HUNTINGTON CONVENTION & VISITOR'S BUREAU ELECTS FIVE DIRECTORS TO THE BOARD FROM THE MEMBERSHIP.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4ALL GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY AND FINANCIAL STATEMENTS ARE MADE AVAILABLE UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5THE EXECUTIVE COMMITTEE REVIEWS THE COMPENSATION OF EXECUTIVE DIRECTOR AND KEY EMPLOYEES.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART VI, SECTION B, LINE 11
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, SECTION B, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PART VI, SECTION A, LINE 6
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PART VI, SECTION A, LINE 7A
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PART VI, SECTION C, LINE 19

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2025Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.33$0.03$1.30$0.89$0.82$0.06
2024Detailed filing. Detailed filing data is available for this year.$1.26$0.02$1.24$0.82$0.80$0.02
2023Detailed filing. Detailed filing data is available for this year.$1.29$0.07$1.22$0.82$0.74$0.09
2022Detailed filing. Detailed filing data is available for this year.$1.29$0.15$1.13$1.14$0.71$0.43
2021Detailed filing. Detailed filing data is available for this year.$1.02$0.31$0.70$0.71$0.55$0.17
2020Detailed filing. Detailed filing data is available for this year.$0.74$0.20$0.54$0.55$0.72$0.16
2019Detailed filing. Detailed filing data is available for this year.$0.75$0.05$0.70$0.72$0.78$0.06
2018Detailed filing. Detailed filing data is available for this year.$0.78$0.02$0.76$0.74$0.67$0.07
2017Detailed filing. Detailed filing data is available for this year.$0.71$0.02$0.69$0.72$0.66$0.06
2016Summary only. Only limited summary data is available for this year.$0.65$0.02$0.64$0.71$0.57$0.13
2015Summary only. Only limited summary data is available for this year.$0.51$0.01$0.50$0.51$0.47$0.04
2014Summary only. Only limited summary data is available for this year.$0.49$0.02$0.46$0.62$0.63$0.01
2013Summary only. Only limited summary data is available for this year.$0.49$0.01$0.48$0.65$0.67$0.01
2012Summary only. Only limited summary data is available for this year.$0.46$0.01$0.45$0.65$0.70$0.05
2011Summary only. Only limited summary data is available for this year.$0.53$0.03$0.50$0.68$0.69$0.01