Civic Intelligence

Fergus Falls Convention and Visitors Bureau Inc

990EZ • Fiscal year 2014 • EIN 74-3095875

Jan 01, 2014 to Dec 31, 2014 • Filed on Jun 30, 2015

112 West Washington AveFergus Falls, MN 56537

(218) 739-0125

Siviq Scores

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

Liabilities / Assets

73rd percentile

0.10x

Higher debt load relative to assets than 73% of similar nonprofits.

2014 filings • 501(c)6 • <$500k nonprofits • Source year 2014

Liabilities / Revenue

75th percentile

0.08x

Higher debt load relative to revenue than 75% of similar nonprofits.

2014 filings • 501(c)6 • <$500k nonprofits • Source year 2014

Net Margin

62nd percentile

7.6%

Higher net margin than 62% of similar nonprofits.

2014 filings • 501(c)6 • <$500k nonprofits • Source year 2014

Top Officer Pay

84th percentile

$43,864

Higher top officer pay than 84% of similar nonprofits.

Top officer pay equals 23.7% of source-year revenue.

2014 filings • 501(c)6 • <$500k nonprofits • Source year 2014

Asset Growth

63rd percentile

9.6%

Faster asset growth than 63% of similar nonprofits.

2014 filings • 501(c)6 • <$500k nonprofits • Annualized from 2013 to 2014

Revenue Growth

62nd percentile

7.4%

Faster revenue growth than 62% of similar nonprofits.

2014 filings • 501(c)6 • <$500k nonprofits • Annualized from 2013 to 2014

Assets

Up

$136,619

Up $11,977 (+9.6%) from 2013

Net Assets

Up

$122,537

Up $14,029 (+13%) from 2013

Liabilities

Down

$14,082

Down $2,052 (-13%) from 2013

Revenue

Up

$185,439

Up $12,851 (+7.4%) from 2013

Expenses

Up

$171,410

Up $4,715 (+2.8%) from 2013

Net Income

Up

$14,029

Up $8,136 (+138%) from 2013

Historical Trend

Balance Sheet Trend

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

$300K$200K$100K$0Assets 2010: $93,559Liabilities 2010: $8,914Net Assets 2010: $84,6452010Assets 2011: $92,563Liabilities 2011: $3,858Net Assets 2011: $88,7052011Assets 2012: $111,230Liabilities 2012: $8,615Net Assets 2012: $102,6152012Assets 2013: $124,642Liabilities 2013: $16,134Net Assets 2013: $108,5082013Assets 2014: $136,619Liabilities 2014: $14,082Net Assets 2014: $122,5372014Assets 2015: $113,450Liabilities 2015: $14,435Net Assets 2015: $99,0152015Assets 2016: $96,786Liabilities 2016: $7,922Net Assets 2016: $88,8642016Assets 2017: $86,138Liabilities 2017: $7,216Net Assets 2017: $78,9222017Assets 2018: $84,850Liabilities 2018: $8,797Net Assets 2018: $76,0532018Assets 2019: $79,379Liabilities 2019: $6,613Net Assets 2019: $72,7662019Assets 2020: $123,084Liabilities 2020: $15,746Net Assets 2020: $107,3382020Assets 2021: $152,977Liabilities 2021: $8,919Net Assets 2021: $144,0582021Assets 2022: $196,519Liabilities 2022: $10,197Net Assets 2022: $186,3222022Assets 2023: $216,924Liabilities 2023: $7,685Net Assets 2023: $209,2392023Assets 2024: $273,412Liabilities 2024: $29,656Net Assets 2024: $243,7562024

Highlighted filing

2014

Assets$136,619
Liabilities$14,082
Net Assets$122,537

Operations Trend

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

$200K$100K$0-$100KRevenue 2010: $164,341Expenses 2010: $158,593Net Income 2010: $5,7482010Revenue 2011: $160,969Expenses 2011: $156,909Net Income 2011: $4,0602011Revenue 2012: $158,937Expenses 2012: $145,027Net Income 2012: $13,9102012Revenue 2013: $172,588Expenses 2013: $166,695Net Income 2013: $5,8932013Revenue 2014: $185,439Expenses 2014: $171,410Net Income 2014: $14,0292014Revenue 2015: $171,551Expenses 2015: $195,073Net Income 2015: -$23,5222015Revenue 2016: $157,868Expenses 2016: $168,019Net Income 2016: -$10,1512016Revenue 2017: $156,236Expenses 2017: $166,178Net Income 2017: -$9,9422017Revenue 2018: $150,865Expenses 2018: $153,734Net Income 2018: -$2,8692018Revenue 2019: $175,920Expenses 2019: $179,208Net Income 2019: -$3,2882019Revenue 2020: $166,381Expenses 2020: $131,809Net Income 2020: $34,5722020Revenue 2021: $183,128Expenses 2021: $144,107Net Income 2021: $39,0212021Revenue 2022: $198,626Expenses 2022: $149,291Net Income 2022: $49,3352022Revenue 2023: $180,619Expenses 2023: $157,702Net Income 2023: $22,9172023Revenue 2024: $187,889Expenses 2024: $153,372Net Income 2024: $34,5172024

Highlighted filing

2014

Revenue$185,439
Expenses$171,410
Net Income$14,029
Jump To
Filing Snapshot
Filing Period
Jan 1, 2014 to Dec 31, 2014
Signed
Jun 30, 2015
Return Version
2014v5.0
Gross Receipts
$185,439
Mission and Program Overview

Mission

The mission is to attract convention and tourism business.

Program Services

DescriptionGrantsExpenses
THE FERGUS FALLS CONVENTION AND VISITORS BUREAU IS ORGANIZED FOR THE PURPOSE OF ADVANCING THE ECONOMIC IMPACT IN FERGUS FALLS BY ENGAGING IN THE PROMOTION AND ATTRACTION OF CONVENTIONS AND TOURISM BUSINESS.--
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
JEAN BOWMANExecutive DiFT$43,864-$43,864
KERESA SCHULTZVice-Chair-$0--
PAUL LUNDEENChair-$0--
SAMANTHA KLECANDirector-$0--
DOUG DIETMANDirector-$0--
ERIK ANTHONISENDirector-$0--
ERIN SMITHDirector-$0--
SARA PIEKARSKIDirector-$0--
RYAN TUNGSETHSecretary/Tr-$0--
LORI LARSONDirector-$0--
STEVE PLAZADirector-$0--
CHRIS SCHUELKEDirector-$0--
JC PATELDirector-$0--
JIM FISHMayoral Appo-$0--
TOM LARSONBw Event CTR-$0--
LISA WORKMANEx-Officio-$0--
Filing and Contact Details

Filer

Filer Name
Fergus Falls Convention and
EIN
74-3095875
Phone
2187390125
Address
112 WEST WASHINGTON AVE, FERGUS FALLS, MN 56537

Signing Officer

Name
Paul Lundeen
Title
Chair
Phone
2187390125
Signed
2015-06-30
Discuss with paid preparer
Yes

Preparer

Firm
Carlson Highland & Co Llp
Address
403 S UNION AVE, FERGUS FALLS, MN 56537
Preparer
Catherine Kulig CPA
Phone
2187393267
Supplemental Narrative

Additional Explanations

Form 990-ez, Part I, Line 16

Expenses convention promotions 24,825 leisure travel marketing 55,230 office exp. 3,068 travel 3,910 group events 3,587 insurance 1,909 telephone 2,526 internet fees 1,500 dues & subscriptions 1,633 professional development 1,184 total 99,372

Form 990-ez, Part II, Line 24

Accounts receivable 7,711 0 due from state of minnesota 3,828 6,739 interest receivable 347 407 taxes receivable 19,987 21,311 total 31,873 28,457

Form 990-ez, Part II, Line 26

Accounts payable and accrued expenses 16,134 14,082

Raw XML Appendix153 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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IRS990EZ/BooksInCareOfDetail/USAddress/CityNm0FERGUS FALLS
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IRS990EZ/PrintingPublicationsPostageAmt015235
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0EXPENSES CONVENTION PROMOTIONS 24,825 LEISURE TRAVEL MARKETING 55,230 OFFICE EXP. 3,068 TRAVEL 3,910 GROUP EVENTS 3,587 INSURANCE 1,909 TELEPHONE 2,526 INTERNET FEES 1,500 DUES & SUBSCRIPTIONS 1,633 PROFESSIONAL DEVELOPMENT 1,184 TOTAL 99,372
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1ACCOUNTS RECEIVABLE 7,711 0 DUE FROM STATE OF MINNESOTA 3,828 6,739 INTEREST RECEIVABLE 347 407 TAXES RECEIVABLE 19,987 21,311 TOTAL 31,873 28,457
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2ACCOUNTS PAYABLE AND ACCRUED EXPENSES 16,134 14,082
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990-EZ, PART I, LINE 16
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990-EZ, PART II, LINE 24
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990-EZ, PART II, LINE 26
ReturnHeader/BuildTS02016-03-07 17:11:31Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0PAUL LUNDEEN
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0CHAIR
ReturnHeader/BusinessOfficerGrp/PhoneNum02187390125
ReturnHeader/BusinessOfficerGrp/SignatureDt02015-06-30
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0FERGUS FALLS CONVENTION AND
ReturnHeader/Filer/BusinessName/BusinessNameLine2Txt0VISITORS BUREAU INC
ReturnHeader/Filer/BusinessNameControlTxt0FERG
ReturnHeader/Filer/EIN0743095875
ReturnHeader/Filer/PhoneNum02187390125
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ReturnHeader/Filer/USAddress/CityNm0FERGUS FALLS
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ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0FERGUS FALLS
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0MN
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd056537
ReturnHeader/PreparerPersonGrp/PhoneNum02187393267
ReturnHeader/PreparerPersonGrp/PreparationDt02015-06-30
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0CATHERINE KULIG CPA
ReturnHeader/ReturnTs02015-06-30T12:24:45-05:00
ReturnHeader/ReturnTypeCd0990EZ
ReturnHeader/TaxPeriodBeginDt02014-01-01
ReturnHeader/TaxPeriodEndDt02014-12-31
ReturnHeader/TaxYr02014

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$2.73$0.30$2.44$1.88$1.53$0.35
2023Detailed filing. Detailed filing data is available for this year.$2.17$0.08$2.09$1.81$1.58$0.23
2022Detailed filing. Detailed filing data is available for this year.$1.97$0.10$1.86$1.99$1.49$0.49
2021Detailed filing. Detailed filing data is available for this year.$1.53$0.09$1.44$1.83$1.44$0.39
2020Detailed filing. Detailed filing data is available for this year.$1.23$0.16$1.07$1.66$1.32$0.35
2019Detailed filing. Detailed filing data is available for this year.$0.79$0.07$0.73$1.76$1.79$0.03
2018Detailed filing. Detailed filing data is available for this year.$0.85$0.09$0.76$1.51$1.54$0.03
2017Detailed filing. Detailed filing data is available for this year.$0.86$0.07$0.79$1.56$1.66$0.10
2016Detailed filing. Detailed filing data is available for this year.$0.97$0.08$0.89$1.58$1.68$0.10
2015Detailed filing. Detailed filing data is available for this year.$1.13$0.14$0.99$1.72$1.95$0.24
2014Detailed filing. Detailed filing data is available for this year.$1.37$0.14$1.23$1.85$1.71$0.14
2013Detailed filing. Detailed filing data is available for this year.$1.25$0.16$1.09$1.73$1.67$0.06
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.11$0.09$1.03$1.59$1.45$0.14
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.93$0.04$0.89$1.61$1.57$0.04
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.94$0.09$0.85$1.64$1.59$0.06