Civic Intelligence

High Point Convention & Visitors Bureau Inc DBA Visit High Point

990 • Fiscal year 2022 • EIN 56-1923880

Jul 01, 2021 to Jun 30, 2022 • Filed on May 05, 2023

Organization ProfileWWW.HIGHPOINT.ORG

View Organization Page

PO Box 2273High Point, NC 27261

(336) 884-5255

Siviq Scores

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

Liabilities / Assets

22nd percentile

0.01x

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

2022 filings • 501(c)6 • $1M-$5M nonprofits • Source year 2022

Liabilities / Revenue

19th percentile

0.01x

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

2022 filings • 501(c)6 • $1M-$5M nonprofits • Source year 2022

Net Margin

84th percentile

21%

Higher net margin than 84% of similar nonprofits.

2022 filings • 501(c)6 • $1M-$5M nonprofits • Source year 2022

Top Officer Pay

49th percentile

$137,135

Higher top officer pay than 49% of similar nonprofits.

Top officer pay equals 6.3% of source-year revenue.

2022 filings • 501(c)6 • $1M-$5M nonprofits • Source year 2022

Asset Growth

85th percentile

27%

Faster asset growth than 85% of similar nonprofits.

2022 filings • 501(c)6 • $1M-$5M nonprofits • Annualized from 2021 to 2022

Revenue Growth

84th percentile

45%

Faster revenue growth than 84% of similar nonprofits.

2022 filings • 501(c)6 • $1M-$5M nonprofits • Annualized from 2021 to 2022

Balance Sheet
Liabilities / Assets22nd percentile

Assets

Up

$1,934,566

Up $410,653 (+27%) from 2021

Net Assets

Up

$1,911,362

Up $463,239 (+32%) from 2021

Liabilities

Down

$23,204

Down $52,586 (-69%) from 2021

Revenue And Expenses
Liabilities / Revenue19th percentileNet Margin84th percentile

Revenue

Up

$2,181,304

Up $680,471 (+45%) from 2021

Expenses

Up

$1,718,065

Up $295,566 (+21%) from 2021

Net Income

Up

$463,239

Up $384,905 (+491%) from 2021

Historical Trend

Balance Sheet Trend

Asset Growth85th percentile

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

$4.0M$3.0M$2.0M$1.0M$0Assets 2011: $743,813Liabilities 2011: $1,667Net Assets 2011: $742,1462011Assets 2012: $762,615Liabilities 2012: $139Net Assets 2012: $762,4762012Assets 2013: $697,740Liabilities 2013: $151Net Assets 2013: $697,5892013Assets 2014: $769,113Liabilities 2014: $72Net Assets 2014: $769,0412014Assets 2015: $1,156,938Liabilities 2015: $5,140Net Assets 2015: $1,151,7982015Assets 2016: $1,237,077Liabilities 2016: $10,800Net Assets 2016: $1,226,2772016Assets 2017: $1,395,854Liabilities 2017: $9,270Net Assets 2017: $1,386,5842017Assets 2018: $1,488,739Liabilities 2018: $9,253Net Assets 2018: $1,479,4862018Assets 2019: $1,819,164Liabilities 2019: $23,379Net Assets 2019: $1,795,7852019Assets 2020: $1,369,858Liabilities 2020: $69Net Assets 2020: $1,369,7892020Assets 2021: $1,523,913Liabilities 2021: $75,790Net Assets 2021: $1,448,1232021Assets 2022: $1,934,566Liabilities 2022: $23,204Net Assets 2022: $1,911,3622022Assets 2023: $2,317,514Liabilities 2023: $30,115Net Assets 2023: $2,287,3992023Assets 2024: $3,771,260Liabilities 2024: $1,347,865Net Assets 2024: $2,423,3952024Assets 2025: $3,935,080Liabilities 2025: $1,651,141Net Assets 2025: $2,283,9392025

Highlighted filing

2022

Assets$1,934,566
Liabilities$23,204
Net Assets$1,911,362
Open 2022 Filing

Operations Trend

Revenue Growth84th percentile

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

$3.0M$2.0M$1.0M$0-$1.0MRevenue 2011: $1,261,948Expenses 2011: $1,116,186Net Income 2011: $145,7622011Revenue 2012: $1,321,144Expenses 2012: $1,300,814Net Income 2012: $20,3302012Revenue 2013: $1,375,920Expenses 2013: $1,440,807Net Income 2013: -$64,8872013Revenue 2014: $1,575,559Expenses 2014: $1,351,828Net Income 2014: $223,7312014Revenue 2015: $1,818,761Expenses 2015: $1,688,679Net Income 2015: $130,0822015Revenue 2016: $1,745,339Expenses 2016: $1,670,860Net Income 2016: $74,4792016Revenue 2017: $1,895,587Expenses 2017: $1,735,280Net Income 2017: $160,3072017Revenue 2018: $1,862,790Expenses 2018: $1,769,888Net Income 2018: $92,9022018Revenue 2019: $2,091,332Expenses 2019: $1,775,033Net Income 2019: $316,2992019Revenue 2020: $1,537,150Expenses 2020: $1,963,148Net Income 2020: -$425,9982020Revenue 2021: $1,500,833Expenses 2021: $1,422,499Net Income 2021: $78,3342021Revenue 2022: $2,181,304Expenses 2022: $1,718,065Net Income 2022: $463,2392022Revenue 2023: $2,543,832Expenses 2023: $2,167,795Net Income 2023: $376,0372023Revenue 2024: $2,650,567Expenses 2024: $2,514,570Net Income 2024: $135,9972024Revenue 2025: $2,727,131Expenses 2025: $2,866,587Net Income 2025: -$139,4562025

Highlighted filing

2022

Revenue$2,181,304
Expenses$1,718,065
Net Income$463,239
Open 2022 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2021 to Jun 30, 2022
Signed
May 5, 2023
Return Version
2021v4.1
Gross Receipts
$2,181,304
Mission and Program Overview

Mission

The mission of Visit High Point is to position High Point as a destination that visitors will enjoy and that locals will want to promote.

Balance Sheet Detail
LineBeginningEndChange
Assets
Savings and Temporary Cash Investments$897,817$1,273,378▲ $375,561
Pledges and Grants Receivable$284,950$342,703▲ $57,753
Land, Buildings, and Equipment, Net$224,211$191,001▼ $33,210
Prepaid Expenses and Deferred Charges$90,000$105,820▲ $15,820
Intangible Assets$21,349$16,012▼ $5,337
Accounts Receivable$5,584$5,650▲ $66
Cash and Non-Interest-Bearing Accounts-$0-
Other Notes and Loans Receivable, Net-$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-
Inventories for Sale or Use-$0-
Total Assets$1,523,913$1,934,566▲ $410,653
Other Assets Total$2$2→ $0
Liabilities
Unsecured Notes Loans Payable$75,695--
Accounts Payable and Accrued Expenses$95$23,204▲ $23,109
Total Liabilities$75,790$23,204▼ $52,586
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$1,448,123$1,911,362▲ $463,239
Total Net Assets Fund Balance$1,448,123$1,911,362▲ $463,239
Total Liabilities and Net Assets / Fund Balance$1,523,913$1,934,566▲ $410,653

Asset Categories

AssetBook ValueDepreciationBasis
Leasehold Improvements$185,466$228,808$414,274
Equipment$5,535$147,855$153,390
Compensation and Service Providers
Top Officer Pay49th percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
Melody BurnettPresidentFT$124,378$12,757$137,135

Board Members and Trustees

NameTitle
David Nicoletta GiannosChair
Chris AmosVice Chair
Carlvena FosterDirector
Christi SpangleDirector
Derek CressDirector
Mark ConnellDirector
Victor JonesDirector
James E McneilAsst Treasurer
Jonathan MarquezTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$2,143,983
Program Service Revenue
$35,920
Investment Income
$1,401
Other Revenue
$0
All Other Contributions
$500
Change in Net Assets
$463,239
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$858,714
Grants and Similar Amounts Paid$432,424
Salaries, Compensation, and Employee Benefits$426,927
Total Fundraising Expense$57,224
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Orgs$426,634--$426,634
Advertising$354,804$13,696$3,722$372,222
Other Salaries and Wages$102,276$94,677$26,317$223,270
Current Officers, Directors, Trustees, and Key Employees$51,856$64,820$12,964$129,640
Occupancy$48,314$48,314-$96,628
Conferences and Meetings$57,528$24,655-$82,183
Office Expenses$39,887$17,095-$56,982
Fees for Services Other$51,588--$51,588
Information Technology$12,760$38,281-$51,041
Depreciation Depletion$26,984$11,564-$38,548
Other Employee Benefits$16,843$16,586$4,314$37,743
Payroll Taxes$11,188$11,489$2,854$25,531
Fees for Services Accounting-$20,992-$20,992
Pension Plan Contributions$345$4,545$5,853$10,743
Other Expenses$7,056$3,023-$10,079
All Other Expenses$9,852--$9,852
Travel$5,444$2,848$1,200$9,492
Foreign Grants$5,790--$5,790
Insurance-$1,688-$1,688
Total Functional Expenses$1,276,398$384,443$57,224$1,718,065
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
City of High PointHigh Point, NC-Tourism$250,000
High Point Market AuthorityHigh Point, NC-Tourism$90,000
Drive High Point FoundationHigh Point, NC-tourism$61,634
New Path DigitalHigh Point, NC-Website Development$10,000
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
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
Yes
Audit committee
Yes
Backup withholding compliance
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
No
Conflict-of-interest policy
Yes
Audited financial statements prepared
Yes
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

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

“Form 990 is provided to the finance committee for review and consultation with the cpa preparer prior to filing the return. The finance committee approves the signing and electronic filing of the form 990 after their review. A copy of the form 990 is made available to the entire board of directors for their review before the 990 is filed.”

Form 990, Part VI, Line 12C: Explanation of Monitoring and Enforcement of Conflicts

“Board members are required to sign a renewed code of ethics policy annually as well as disclose any conflicts of interest when voting at any hpcvb committee and board meeting. Hpcvb keeps signed records of conflicts of interest disclosed by a board member who recuses himself or herself from voting at hpcvb meetings.”

Form 990, Part VI, Line 15A: Compensation Review & Approval Process - CEO, Top Management

“The personnel committee reviews comparability data for determining the salary of the president, determines the appropriate salary and documents its decision in writing and reports to the full board of directors.the president reviews comparability data and determines the salary of the executive administrator (board secretary) without discussion with the board of directors or the personnel committee.”

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

“Governing documents, 990's, policies and financial statements are made available to the public upon request.”

Filing and Contact Details

Filer

Filer Name
High Point Convention & Visitors Bureau
EIN
56-1923880
Phone
3368845255
Address
PO BOX 2273, HIGH POINT, NC 27261

Signing Officer

Name
Melody Burnett
Title
President
Signed
2023-05-05
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Melody Burnett
Formed
1995
Legal Domicile
Nc
Voting Board Members
9
Independent Board Members
9
Employees
5

Preparer

Firm
Dodson Shelton & Nelson Pa
Address
603 DOLLEY MADISON RD SUITE 104, GREENSBORO, NC 27410
Preparer
Mark K Nelson CPA
Phone
3362996061
Supplemental Narrative

Financial Statement Notes

Part X : FIN48 Footnote

“The Bureau is exempt from income taxes under Section 501(c)(6) of the Internal Revenue Code and has been classified as a not-for-profit organization and not a private foundation by the Internal Revenue Service. Accordingly, no provisionfor income taxes is reflected in the consolidated financial statements. It is management's policy to evaluate all tax positions to identify any that may be considered uncertain. Management believes that it has appropriate support for any tax positions taken, and as such, does not have any uncertain tax positions that are material to the consolidated financial statements.”

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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/Desc0Visit High Point is the official destination management and marketing organization that positions High Point as a vibrant destination that visitors will enjoy, and locals will want to promote. Our vision is to leverage High Points reputation as the Home Furnishings Capital of the WorldTM and the home of a world-class University to further the evolution of High Point as a unique destination. While the focus is to increase economic impact by providing first-class service to our visitors and meeting planners, Visit High Point also works to develop our city as a year-round destination that is competitive in the marketplace, generating more brand ambassadors and fans. We want each visitor to make yourself at home in High Point, NC. Established by state legislation in 1984, Visit High Point, a non-profit 501 c 6 organization, is funded by a self-imposed three percent room occupancy tax on local hotels. No local taxpayer funds city, county, or state are used to fund Visit High Point. The Regional Visitors Center is located at 1634 N. Main St., Suite 102, High Point, N.C. For more information, visit www.visithighpoint.com.
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IRS990/InformationTechnologyGrp/ProgramServicesAmt012760
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IRS990/InsuranceGrp/ManagementAndGeneralAmt01688
IRS990/InsuranceGrp/TotalAmt01688
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IRS990/IntangibleAssetsGrp/EOYAmt016012
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IRS990/MissionDesc0The mission of Visit High Point is to position High Point as a destination that visitors will enjoy and that locals will want to promote.
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IRS990/NetIncomeFromGamingGrp/TotalRevenueColumnAmt00
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IRS990/OccupancyGrp/TotalAmt096628
IRS990/OfficeExpensesGrp/ManagementAndGeneralAmt017095
IRS990/OfficeExpensesGrp/ProgramServicesAmt039887
IRS990/OfficeExpensesGrp/TotalAmt056982
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IRS990/OtherEmployeeBenefitsGrp/TotalAmt037743
IRS990/OtherExpensesGrp/Desc0Printing and Publications
IRS990/OtherExpensesGrp/Desc1equipment
IRS990/OtherExpensesGrp/Desc2memberships and subscriptions
IRS990/OtherExpensesGrp/Desc3MISCELLANEOUS
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IRS990/OtherExpensesGrp/ManagementAndGeneralAmt15308
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IRS990/OtherExpensesGrp/ProgramServicesAmt111343
IRS990/OtherExpensesGrp/ProgramServicesAmt25308
IRS990/OtherExpensesGrp/ProgramServicesAmt37056
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IRS990/OtherExpensesGrp/TotalAmt116205
IRS990/OtherExpensesGrp/TotalAmt210616
IRS990/OtherExpensesGrp/TotalAmt310079
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IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt094677
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IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt011489
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IRS990/PayrollTaxesGrp/TotalAmt025531
IRS990/PensionPlanContributionsGrp/FundraisingAmt05853
IRS990/PensionPlanContributionsGrp/ManagementAndGeneralAmt04545
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IRS990/PoliticalCampaignActyInd0false
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IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt0105820
IRS990/PrincipalOfficerNm0MELODY BURNETT
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IRS990/PYGrantsAndSimilarPaidAmt0303117
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IRS990/PYOtherExpensesAmt0736735
IRS990/PYProgramServiceRevenueAmt050381
IRS990/PYRevenuesLessExpensesAmt078334
IRS990/PYSalariesCompEmpBnftPaidAmt0382647
IRS990/PYTotalExpensesAmt01422499
IRS990/PYTotalRevenueAmt01500833
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IRS990/ReceivablesFromOfficersEtcGrp/EOYAmt00
IRS990/ReconcilationRevenueExpnssAmt0463239
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IRS990/ReportProgramRelatedInvstInd0false
IRS990/RoyaltiesGrp/TotalAmt00
IRS990/RoyaltiesRevenueGrp/TotalRevenueColumnAmt00
IRS990/SavingsAndTempCashInvstGrp/BOYAmt0897817
IRS990/SavingsAndTempCashInvstGrp/EOYAmt01273378
IRS990ScheduleB/ContributorInformationGrp/ContributorBusinessName/BusinessNameLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorNum0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine20RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/City0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/State0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/ZIPCode0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/TotalContributionsAmt0RESTRICTED
IRS990/ScheduleBRequiredInd0true
IRS990ScheduleD/EquipmentGrp/BookValueAmt05535
IRS990ScheduleD/EquipmentGrp/DepreciationAmt0147855
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt0153390
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/LeaseholdImprovementsGrp/BookValueAmt0185466
IRS990ScheduleD/LeaseholdImprovementsGrp/DepreciationAmt0228808
IRS990ScheduleD/LeaseholdImprovementsGrp/OtherCostOrOtherBasisAmt0414274
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0The Bureau is exempt from income taxes under Section 501(c)(6) of the Internal Revenue Code and has been classified as a not-for-profit organization and not a private foundation by the Internal Revenue Service. Accordingly, no provisionfor income taxes is reflected in the consolidated financial statements. It is management's policy to evaluate all tax positions to identify any that may be considered uncertain. Management believes that it has appropriate support for any tax positions taken, and as such, does not have any uncertain tax positions that are material to the consolidated financial statements.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0Part X : FIN48 Footnote
IRS990ScheduleD/TotalBookValueLandBuildingsAmt0191001
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IRS990ScheduleI/RecipientTable/CashGrantAmt0250000
IRS990ScheduleI/RecipientTable/CashGrantAmt161634
IRS990ScheduleI/RecipientTable/CashGrantAmt290000
IRS990ScheduleI/RecipientTable/CashGrantAmt310000
IRS990ScheduleI/RecipientTable/NonCashAssistanceAmt00
IRS990ScheduleI/RecipientTable/NonCashAssistanceAmt10
IRS990ScheduleI/RecipientTable/NonCashAssistanceAmt20
IRS990ScheduleI/RecipientTable/NonCashAssistanceAmt30
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt0TOURISM
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt1tourism
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt2TOURISM
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt3WEBSITE DEVELOPMENT
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt0CITY OF HIGH POINT
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt1DRIVE HIGH POINT FOUNDATION
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt2HIGH POINT MARKET AUTHORITY
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt3NEW PATH DIGITAL
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IRS990ScheduleI/RecipientTable/RecipientEIN1813989556
IRS990ScheduleI/RecipientTable/RecipientEIN2562264074
IRS990ScheduleI/RecipientTable/USAddress/AddressLine1Txt0211 S Hamilton Street
IRS990ScheduleI/RecipientTable/USAddress/AddressLine1Txt11634 N MAIN STREET
IRS990ScheduleI/RecipientTable/USAddress/AddressLine1Txt2164 S MAIN STREET SUITE 700
IRS990ScheduleI/RecipientTable/USAddress/AddressLine1Txt3113 Gatewood Ave
IRS990ScheduleI/RecipientTable/USAddress/CityNm0High Point
IRS990ScheduleI/RecipientTable/USAddress/CityNm1High Point
IRS990ScheduleI/RecipientTable/USAddress/CityNm2HIGH POINT
IRS990ScheduleI/RecipientTable/USAddress/CityNm3HIGH POINT
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IRS990ScheduleI/RecipientTable/USAddress/StateAbbreviationCd1NC
IRS990ScheduleI/RecipientTable/USAddress/StateAbbreviationCd2NC
IRS990ScheduleI/RecipientTable/USAddress/StateAbbreviationCd3NC
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IRS990ScheduleI/RecipientTable/ValuationMethodUsedDesc0CASH
IRS990ScheduleI/RecipientTable/ValuationMethodUsedDesc1CASH
IRS990ScheduleI/RecipientTable/ValuationMethodUsedDesc2CASH
IRS990ScheduleI/RecipientTable/ValuationMethodUsedDesc3CASH
IRS990ScheduleI/SupplementalInformationDetail/ExplanationTxt0NON-PROFIT ORGANIZATIONS MAY APPLY FOR GRANTS FOR PROJECTS THAT ARE RELATED TO ARTS AND TOURISM FOR PROMOTIONAL, ADVERTISING AND MARKETING PURPOSES. PROJECTS SHOULD BE DESIGNED TO DEVELOP AND ENHANCE INCREASED VISITATION FOR THE ORGANIZATION OR EVENT, AS WELL AS THE CITY OF HIGH POINT, NC. RECIPIENTS OF GRANTS MUST PROVIDE PERIODIC PROGRESS REPORTS OF THE USE OF FUNDS AND A FINAL REPORT AT THE COMPLETION OF THE PROJECT. THE GRANTS PROCESS AND THE USE OF FUNDS IS CLOSELY MONITORED BY THE PRESIDENT OF THE BUREAU.
IRS990ScheduleI/SupplementalInformationDetail/FormAndLineReferenceDesc0Grantmaker's Description of How Grants are Used
IRS990ScheduleI/Total501c3OrgCnt02
IRS990ScheduleI/TotalOtherOrgCnt02
IRS990/ScheduleJRequiredInd0false
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0FORM 990 IS PROVIDED TO THE FINANCE COMMITTEE FOR REVIEW AND CONSULTATION WITH THE CPA PREPARER PRIOR TO FILING THE RETURN. THE FINANCE COMMITTEE APPROVES THE SIGNING AND ELECTRONIC FILING OF THE FORM 990 AFTER THEIR REVIEW. A COPY OF THE FORM 990 IS MADE AVAILABLE TO THE ENTIRE BOARD OF DIRECTORS FOR THEIR REVIEW BEFORE THE 990 IS FILED.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1BOARD MEMBERS ARE REQUIRED TO SIGN A RENEWED CODE OF ETHICS POLICY ANNUALLY AS WELL AS DISCLOSE ANY CONFLICTS OF INTEREST WHEN VOTING AT ANY HPCVB COMMITTEE AND BOARD MEETING. HPCVB KEEPS SIGNED RECORDS OF CONFLICTS OF INTEREST DISCLOSED BY A BOARD MEMBER WHO RECUSES HIMSELF OR HERSELF FROM VOTING AT HPCVB MEETINGS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE PERSONNEL COMMITTEE REVIEWS COMPARABILITY DATA FOR DETERMINING THE SALARY OF THE PRESIDENT, DETERMINES THE APPROPRIATE SALARY AND DOCUMENTS ITS DECISION IN WRITING AND REPORTS TO THE FULL BOARD OF DIRECTORS.THE PRESIDENT REVIEWS COMPARABILITY DATA AND DETERMINES THE SALARY OF THE EXECUTIVE ADMINISTRATOR (BOARD SECRETARY) WITHOUT DISCUSSION WITH THE BOARD OF DIRECTORS OR THE PERSONNEL COMMITTEE.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3GOVERNING DOCUMENTS, 990'S, POLICIES AND FINANCIAL STATEMENTS ARE MADE AVAILABLE TO THE PUBLIC UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Form 990, Part VI, Line 11b: Form 990 Review Process
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Form 990, Part VI, Line 12c: Explanation of Monitoring and Enforcement of Conflicts
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Form 990, Part VI, Line 15a: Compensation Review & Approval Process - CEO, Top Management
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3Form 990, Part VI, Line 19: Other Organization Documents Publicly Available
IRS990ScheduleR/AssetExchangeInd0false
IRS990ScheduleR/AssetPurchaseFromOtherOrgInd0false

Document Assets

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Filings

Displayed year

2022 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$1,934,566
Liabilities
$23,204
Net assets
$1,911,362
Revenue
$2,181,304
Expenses
$1,718,065
Net income
$463,239
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2025Detailed filing. Detailed filing data is available for this year.$3.94$1.65$2.28$2.73$2.87$0.14
2024Detailed filing. Detailed filing data is available for this year.$3.77$1.35$2.42$2.65$2.51$0.14
2023Detailed filing. Detailed filing data is available for this year.$2.32$0.03$2.29$2.54$2.17$0.38
2022Detailed filing. Detailed filing data is available for this year.$1.93$0.02$1.91$2.18$1.72$0.46
2021Detailed filing. Detailed filing data is available for this year.$1.52$0.08$1.45$1.50$1.42$0.08
2020Detailed filing. Detailed filing data is available for this year.$1.37$0.00$1.37$1.54$1.96$0.43
2019Detailed filing. Detailed filing data is available for this year.$1.82$0.02$1.80$2.09$1.78$0.32
2018Summary only. Only limited summary data is available for this year.$1.49$0.01$1.48$1.86$1.77$0.09
2017Summary only. Only limited summary data is available for this year.$1.40$0.01$1.39$1.90$1.74$0.16
2016Summary only. Only limited summary data is available for this year.$1.24$0.01$1.23$1.75$1.67$0.07
2015Summary only. Only limited summary data is available for this year.$1.16$0.01$1.15$1.82$1.69$0.13
2014Summary only. Only limited summary data is available for this year.$0.77$0.00$0.77$1.58$1.35$0.22
2013Summary only. Only limited summary data is available for this year.$0.70$0.00$0.70$1.38$1.44$0.06
2012Summary only. Only limited summary data is available for this year.$0.76$0.00$0.76$1.32$1.30$0.02
2011Summary only. Only limited summary data is available for this year.$0.74$0.00$0.74$1.26$1.12$0.15