Civic Intelligence

Folsom Tourism and Economic Development

990 • Fiscal year 2012 • EIN 68-0451036

Jul 01, 2011 to Jun 30, 2012 • Filed on May 10, 2013

Organization ProfileWWW.VISITFOLSOM.COM
200 Wool Street95630
Siviq Scores

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

Liabilities / Assets

88th percentile

0.42x

Higher debt load relative to assets than 88% of similar nonprofits.

2012 filings • 501(c)6 • <$500k nonprofits • Source year 2012

Liabilities / Revenue

Score unavailable

No value available

Liabilities-to-revenue requires both liabilities and revenue on this filing.

Source year 2012

Net Margin

Score unavailable

No value available

Net margin requires both revenue and expenses on this filing.

Source year 2012

Top Officer Pay

Score unavailable

No value available

This filing does not contain officer compensation rows.

Source year 2012

Asset Growth

3rd percentile

-59%

Faster asset growth than 3% of similar nonprofits.

2012 filings • 501(c)6 • <$500k nonprofits • Annualized from 2011 to 2012

Revenue Growth

Score unavailable

No value available

No valid filing value is available for this score.

Balance Sheet
Liabilities / Assets88th percentile

Assets

Down

$49,612

Down $71,668 (-59%) from 2011

Net Assets

Down

$28,892

Down $72,236 (-71%) from 2011

Liabilities

Up

$20,720

Up $568 (+2.8%) from 2011

Revenue And Expenses
Liabilities / RevenueScore unavailableNet MarginScore unavailable

Revenue

-

No earlier filing loaded for comparison.

Expenses

Up

$392,800

Up $44,926 (+13%) from 2011

Net Income

-

No earlier filing loaded for comparison.

Historical Trend

Balance Sheet Trend

Asset Growth3rd percentile

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

$2.0M$1.5M$1.0M$500K$0Assets 2011: $121,280Liabilities 2011: $20,152Net Assets 2011: $101,1282011Assets 2012: $49,612Liabilities 2012: $20,720Net Assets 2012: $28,8922012Assets 2013: $339,402Liabilities 2013: $183,253Net Assets 2013: $156,1492013Assets 2014: $302,982Liabilities 2014: $130,397Net Assets 2014: $172,5852014Assets 2015: $306,862Liabilities 2015: $21,705Net Assets 2015: $285,1572015Assets 2016: $452,216Liabilities 2016: $63,279Net Assets 2016: $388,9372016Assets 2017: $628,637Liabilities 2017: $108,130Net Assets 2017: $520,5072017Assets 2018: $621,002Liabilities 2018: $83,247Net Assets 2018: $537,7552018Assets 2019: $652,700Liabilities 2019: $43,583Net Assets 2019: $609,1172019Assets 2020: $869,329Liabilities 2020: $252,226Net Assets 2020: $617,1032020Assets 2021: $1,034,713Liabilities 2021: $261,924Net Assets 2021: $772,7892021Assets 2022: $1,522,979Liabilities 2022: $293,140Net Assets 2022: $1,229,8392022Assets 2023: $1,559,576Liabilities 2023: $288,416Net Assets 2023: $1,271,1602023Assets 2024: $1,184,281Liabilities 2024: $240,578Net Assets 2024: $943,7032024

Highlighted filing

2012

Assets$49,612
Liabilities$20,720
Net Assets$28,892
Open 2012 Filing

Operations Trend

Revenue GrowthScore unavailable

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

$2.0M$1.5M$1.0M$500K$0-$500KExpenses 2011: $347,8742011Expenses 2012: $392,8002012Revenue 2013: $578,714Expenses 2013: $529,303Net Income 2013: $49,4112013Revenue 2014: $762,775Expenses 2014: $746,339Net Income 2014: $16,4362014Revenue 2015: $793,733Expenses 2015: $681,161Net Income 2015: $112,5722015Revenue 2016: $924,627Expenses 2016: $820,847Net Income 2016: $103,7802016Revenue 2017: $1,067,382Expenses 2017: $935,812Net Income 2017: $131,5702017Revenue 2018: $1,101,865Expenses 2018: $1,084,617Net Income 2018: $17,2482018Revenue 2019: $1,192,643Expenses 2019: $1,121,281Net Income 2019: $71,3622019Revenue 2020: $889,526Expenses 2020: $870,459Net Income 2020: $19,0672020Revenue 2021: $683,242Expenses 2021: $523,606Net Income 2021: $159,6362021Revenue 2022: $1,247,213Expenses 2022: $788,594Net Income 2022: $458,6192022Revenue 2023: $1,276,385Expenses 2023: $1,235,064Net Income 2023: $41,3212023Revenue 2024: $1,242,869Expenses 2024: $1,570,326Net Income 2024: -$327,4572024

Highlighted filing

2012

Revenue-
Expenses$392,800
Net Income-
Open 2012 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2011 to Jun 30, 2012
Signed
May 10, 2013
Return Version
2011v1.5
Gross Receipts
$320,564
Mission and Program Overview

Mission

The folsom tourism bureau is dedicated to the development of folsom as a destination for visitors. This includes promotions of the cities attributes in addition to creating an infrastructure for providing information, tour packages, events and other aspects necessary for a quality visitor experience. In addition, the bureaus long term goal is to encourage the development of additional amenities such as conference and convention space, sports tourism facilities and visual and performing arts facilities which will add to the community's ability to attract this important economic component.

Major Activities

Activity 2
To promote tourism in folsom. Many articles and advertisements were placed in area magazines and publications. In addition, the organization participated in tourism related trade shows and conferences.
Activity 3
To attract and assist film companies to shoot films in folsom and to promote the folsom community.
Filing and Contact Details

Filer

EIN
68-0451036
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IRS990ScheduleO/GeneralExplanation/Explanation0A COPY OF THE 990 WAS PROVIDED TO THE ORGANIZATION'S GOVERNING BODY BEFORE IT WAS FILED. UPON DELIVERY OF THE TAX RETURN, THE BOARD MEMBERS DISCUSS ANY QUESTIONS OR COMMENTS THEY MAY HAVE ON THE 990 WITH THE THE PREPARER OF THE RETURN.
IRS990ScheduleO/GeneralExplanation/Explanation1WHENEVER THERE IS A NEW BOARD OF DIRECTOR THEY SIGN THE CONFLICT OF INTEREST POLICY AND DISCLOSE TO THE BOD IF THEY HAVE ANY POTENTIAL CONFLICTS. CONFLICTS ARE DISCUSSED AMONG THE BOD AND ADDRESSED, IF NECESSARY. IF A CONFLICT COMES UP AT A LATER DATE, THE MEMBER IS REQUIRED TO DISCLOSE IT TO THE BOD.
IRS990ScheduleO/GeneralExplanation/Explanation2THE ORGANIZATION MAKES ITS GOVERNING DOCUMENTS AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC BY MEANS OF REQUESTS.
IRS990ScheduleO/GeneralExplanation/ReturnReference0FORM 990, PART VI, SECTION B, LINE 11
IRS990ScheduleO/GeneralExplanation/ReturnReference1FORM 990, PART VI, SECTION B, LINE 12C
IRS990ScheduleO/GeneralExplanation/ReturnReference2FORM 990, PART VI, SECTION C, LINE 19
IRS990/ScheduleORequired01
IRS990ScheduleR/ExchangeOfAssets00
IRS990ScheduleR/Form990ScheduleRPartII/AddressUS/AddressLine10200 WOOL STREET
IRS990ScheduleR/Form990ScheduleRPartII/AddressUS/City0FOLSOM
IRS990ScheduleR/Form990ScheduleRPartII/AddressUS/State0CA
IRS990ScheduleR/Form990ScheduleRPartII/AddressUS/ZIPCode095630
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IRS990ScheduleR/Form990ScheduleRPartII/EIN0680377492
IRS990ScheduleR/Form990ScheduleRPartII/ExemptCodeSection0501(C)(3)
IRS990ScheduleR/Form990ScheduleRPartII/LegalDomicileState0CA
IRS990ScheduleR/Form990ScheduleRPartII/NameOfDisregardedEntity/BusinessNameLine10FOLSOM ECONOMIC DEVELOPMENT CORPORATION
IRS990ScheduleR/Form990ScheduleRPartII/PrimaryActivities0ECONOMIC DEVELOPMENT OF CITY OF FOLSOM
IRS990ScheduleR/Form990ScheduleRPartII/PublicCharityStatus0LINE 7
IRS990ScheduleR/GiftGrantOrCapContrFrOtherOrg00
IRS990ScheduleR/GiftGrantOrCapContrToOtherOrg00
IRS990ScheduleR/LoansOrGuaranteesFromOtherOrg00
IRS990ScheduleR/LoansOrGuaranteesToOtherOrg00
IRS990ScheduleR/OtherTransferFromOtherOrg00
IRS990ScheduleR/OtherTransferToOtherOrg00
IRS990ScheduleR/PerformOfServicesByOtherOrgs00
IRS990ScheduleR/PerformOfServicesForOtherOrgs00
IRS990ScheduleR/PurchaseOfAssetsFromOtherOrg00
IRS990ScheduleR/ReceiptOfIntAnnRentsRoyalties00
IRS990ScheduleR/ReimbursementPaidByOtherOrg00
IRS990ScheduleR/ReimbursementPaidToOtherOrg00
IRS990ScheduleR/RentalOfFacilitiesFrOtherOrgs00
IRS990ScheduleR/RentalOfFacilitiesToOtherOrgs00
IRS990ScheduleR/SaleOfAssetsToOtherOrg00
IRS990ScheduleR/SharingOfFacilities00
IRS990ScheduleR/SharingOfPaidEmployees00
IRS990/School00
IRS990/SignificantChange00
IRS990/SignificantNewProgramServices00
IRS990/StateLegalDomicile0CA
IRS990/StatesWhereCopyOfReturnIsFiled0CA
IRS990/SubjectToProxyTax00
IRS990/TaxablePartyNotification00
IRS990/TaxExemptBonds00
IRS990/Terminated00
IRS990/TermOrPermanentEndowments00
IRS990/TheBooksAreInCareOf/AddressUS/AddressLine10200 WOOL STREET
IRS990/TheBooksAreInCareOf/AddressUS/City0FOLSOM
IRS990/TheBooksAreInCareOf/AddressUS/State0CA
IRS990/TheBooksAreInCareOf/AddressUS/ZIPCode095630
IRS990/TheBooksAreInCareOf/NameBusiness/BusinessNameLine10FOLSOM TOURISM BUREAU
IRS990/TheBooksAreInCareOf/TelephoneNumber09169852698
IRS990/TotalAssets/BOY0121280
IRS990/TotalAssetsBOY0121280
IRS990/TotalAssets/EOY049612
IRS990/TotalAssetsEOY049612
IRS990/TotalCompGT150K00

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2012 • Form 990Facts available. Structured filing facts are available, but richer extracted sections are limited.

Open filing
Assets
$49,612
Liabilities
$20,720
Net assets
$28,892
Revenue
-
Expenses
$392,800
Net income
-
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.18$0.24$0.94$1.24$1.57$0.33
2023XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.56$0.29$1.27$1.28$1.24$0.04
2022XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.52$0.29$1.23$1.25$0.79$0.46
2021Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.03$0.26$0.77$0.68$0.52$0.16
2020Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.87$0.25$0.62$0.89$0.87$0.02
2019Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.65$0.04$0.61$1.19$1.12$0.07
2018Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.62$0.08$0.54$1.10$1.08$0.02
2017XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.63$0.11$0.52$1.07$0.94$0.13
2016Detailed filing. Detailed filing data is available for this year.$0.45$0.06$0.39$0.92$0.82$0.10
2015Summary only. Only limited summary data is available for this year.$0.31$0.02$0.29$0.79$0.68$0.11
2014Detailed filing. Detailed filing data is available for this year.$0.30$0.13$0.17$0.76$0.75$0.02
2013Summary only. Only limited summary data is available for this year.$0.34$0.18$0.16$0.58$0.53$0.05
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.05$0.02$0.03$0.39
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.12$0.02$0.10$0.35