Civic Intelligence

Arlington Convention and Visitors Bureau Inc

990 • Fiscal year 2018 • EIN 75-2442465

Oct 01, 2017 to Sep 30, 2018 • Filed on Aug 15, 2019

1905 E Randol Mill RoadArlington, TX 76011

(817) 265-7721

Siviq Scores

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

Liabilities / Assets

83rd percentile

0.56x

Higher debt load relative to assets than 83% of similar nonprofits.

2018 filings • 501(c)6 • $5M-$10M nonprofits • Source year 2018

Liabilities / Revenue

18th percentile

0.07x

Higher debt load relative to revenue than 18% of similar nonprofits.

2018 filings • 501(c)6 • $5M-$10M nonprofits • Source year 2018

Net Margin

11th percentile

-9.2%

Higher net margin than 11% of similar nonprofits.

2018 filings • 501(c)6 • $5M-$10M nonprofits • Source year 2018

Top Officer Pay

71st percentile

$357,978

Higher top officer pay than 71% of similar nonprofits.

Top officer pay equals 6.0% of source-year revenue.

2018 filings • 501(c)6 • $5M-$10M nonprofits • Source year 2018

Asset Growth

1st percentile

-39%

Faster asset growth than 1% of similar nonprofits.

2018 filings • 501(c)6 • $5M-$10M nonprofits • Annualized from 2017 to 2018

Revenue Growth

9th percentile

-13%

Faster revenue growth than 9% of similar nonprofits.

2018 filings • 501(c)6 • $5M-$10M nonprofits • Annualized from 2017 to 2018

Assets

Down

$774,057

Down $494,137 (-39%) from 2017

Net Assets

Down

$339,953

Down $547,509 (-62%) from 2017

Liabilities

Up

$434,104

Up $53,372 (+14%) from 2017

Revenue

Down

$5,972,467

Down $870,696 (-13%) from 2017

Expenses

Up

$6,519,976

Up $11,643 (+0.2%) from 2017

Net Income

Down

-$547,509

Down $882,339 (-264%) from 2017

Historical Trend

Balance Sheet Trend

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

$8.0M$6.0M$4.0M$2.0M$0Assets 2010: $496,470Liabilities 2010: $174,551Net Assets 2010: $321,9192010Assets 2011: $605,443Liabilities 2011: $237,387Net Assets 2011: $368,0562011Assets 2012: $668,626Liabilities 2012: $256,922Net Assets 2012: $411,7042012Assets 2013: $663,600Liabilities 2013: $241,200Net Assets 2013: $422,4002013Assets 2014: $1,060,977Liabilities 2014: $554,358Net Assets 2014: $506,6192014Assets 2015: $1,006,375Liabilities 2015: $501,505Net Assets 2015: $504,8702015Assets 2016: $1,036,626Liabilities 2016: $483,994Net Assets 2016: $552,6322016Assets 2017: $1,268,194Liabilities 2017: $380,732Net Assets 2017: $887,4622017Assets 2018: $774,057Liabilities 2018: $434,104Net Assets 2018: $339,9532018Assets 2019: $1,275,284Liabilities 2019: $387,412Net Assets 2019: $887,8722019Assets 2020: $1,880,263Liabilities 2020: $429,770Net Assets 2020: $1,450,4932020Assets 2021: $3,519,065Liabilities 2021: $1,308,967Net Assets 2021: $2,210,0982021Assets 2022: $6,105,118Liabilities 2022: $701,029Net Assets 2022: $5,404,0892022Assets 2023: $6,462,250Liabilities 2023: $639,242Net Assets 2023: $5,823,0082023Assets 2024: $6,458,139Liabilities 2024: $660,995Net Assets 2024: $5,797,1442024

Highlighted filing

2018

Assets$774,057
Liabilities$434,104
Net Assets$339,953

Operations Trend

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

$20M$15M$10M$5.0M$0-$5.0MExpenses 2010: $3,204,7872010Expenses 2011: $3,457,9972011Expenses 2012: $3,602,3322012Expenses 2013: $3,822,9382013Revenue 2014: $4,602,841Expenses 2014: $4,518,622Net Income 2014: $84,2192014Revenue 2015: $4,883,791Expenses 2015: $4,885,540Net Income 2015: -$1,7492015Revenue 2016: $5,450,473Expenses 2016: $5,402,711Net Income 2016: $47,7622016Revenue 2017: $6,843,163Expenses 2017: $6,508,333Net Income 2017: $334,8302017Revenue 2018: $5,972,467Expenses 2018: $6,519,976Net Income 2018: -$547,5092018Revenue 2019: $6,869,518Expenses 2019: $6,321,599Net Income 2019: $547,9192019Revenue 2020: $6,076,138Expenses 2020: $5,513,517Net Income 2020: $562,6212020Revenue 2021: $16,656,136Expenses 2021: $15,896,531Net Income 2021: $759,6052021Revenue 2022: $10,406,905Expenses 2022: $7,212,914Net Income 2022: $3,193,9912022Revenue 2023: $9,283,738Expenses 2023: $8,854,972Net Income 2023: $428,7662023Revenue 2024: $12,669,677Expenses 2024: $12,695,541Net Income 2024: -$25,8642024

Highlighted filing

2018

Revenue$5,972,467
Expenses$6,519,976
Net Income-$547,509
Jump To
Filing Snapshot
Filing Period
Oct 1, 2017 to Sep 30, 2018
Signed
Aug 15, 2019
Return Version
2017v2.3
Gross Receipts
$5,995,808
Mission and Program Overview

Mission

The arlington convention & visitors bureau markets and develops the city as a premier sports, business and leisure entertainment destination to achieve new tourism spending benefits for the visitor industry, community and its residents.

Schedule O

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$980,301$450,090▼ $530,211
Land, Buildings, and Equipment, Net$238,208$213,914▼ $24,294
Accounts Receivable$21,897$62,272▲ $40,375
Prepaid Expenses and Deferred Charges$27,788$47,781▲ $19,993
Savings and Temporary Cash Investments$0$0→ $0
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
Inventories for Sale or Use$0$0→ $0
Loans From Officers Directors$0$0→ $0
Total Assets$1,268,194$774,057▼ $494,137
Other Assets Total$0$0→ $0
Liabilities
Accounts Payable and Accrued Expenses$368,122$429,604▲ $61,482
Deferred Revenue$12,610$4,500▼ $8,110
Grants Payable$0$0→ $0
Mortgage Notes Payable Secured by Investment Property$0$0→ $0
Unsecured Notes Loans Payable$0$0→ $0
Other Liabilities$0$0→ $0
Escrow Account Liability$0$0→ $0
Tax Exempt Bond Liabilities$0$0→ $0
Total Liabilities$380,732$434,104▲ $53,372
Net Assets / Fund Balance
Unrestricted Net Assets$887,462$339,953▼ $547,509
Permanently Rstr Net Assets$0$0→ $0
Temporarily Rstr Net Assets$0$0→ $0
Total Net Assets Fund Balance$887,462$339,953▼ $547,509
Total Liabilities and Net Assets / Fund Balance$1,268,194$774,057▼ $494,137

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$12,546$416,049$428,595
Other Land Buildings$125,035$263,309$388,344
Leasehold Improvements$76,333$167,707$244,040
Buildings$0$0$0
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Ron PricePresident/ CEOFT$225,978$132,000$357,978
Jon HixonVPFT$143,452$54,739$198,191
Mary GermanSVPFT$118,318$41,112$159,430
William WilsonEmployeeFT$114,424$42,921$157,345
Joel MclellandSVPFT$119,348$28,749$148,097
Joe BedsoleEmployeeFT$110,933$25,654$136,587
Decima Cooper MullenEmployeeFT$101,583$22,808$124,391

Board Members and Trustees

NameTitle
Gerald AlleyChairman
Alan RoseDirector
Aldo FritzDirector
Charlie ParkerDirector
Jagdip Pateldirector
Jeannie DeakyneDirector
Jim BakerDirector
Joe JenningsDirector
Judy RupayDirector
Kevin Hadawidirector
Laura LisiusDirector
Michael Glaspie SrDirector
Michael JacobsonDirector
Mike HunterDirector
Patti Dioudirector
Paul FulksDirector
Peter ScottDirector
Rob MatwickDirector
Stever MartindaleDirector
Susan Skaggsdirector
Trey YelvertonDirector
Jim BrothersSecretary
Nancy SorrellsTreasurer

Highest Paid Contractors

ContractorServicesLocationCompensation
Peter Meyer AdvertisingAdvertising324 CAMP STREET, New Orleans, LA 70130$298,554
Texas Rangers Baseball ClubadvertisingPO BOX 677756, Dallas, TX 75267$175,450
Dallas Convention Visitors BureauTourism325 NORTH PAUL STREET 700, Dallas, TX 75201$175,251
Simpleview INCDatabase / Website8950 N ORACLE, Tucson, AZ 85704$146,267
Conventional WisdomConsulting2703 REW CIRCLE, Ocoee, FL 34761$113,248
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$5,994,056
Investment Income
$-21,589
Other Revenue
$0
Change in Net Assets
$-547,509

Audited Revenue Reconciliation

Revenue per Audited Statements
$5,995,808
Revenue Not Reported on Financial Statements
$-23,341
Revenue Not Reported on Form 990
$382,818
Other Revenue Adjustments
$-23,341
Total Revenue per Audited Statements
$6,378,626
Total Revenue per Form 990
$5,972,467
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$3,347,615
Salaries, Compensation, and Employee Benefits$2,672,361
Grants and Similar Amounts Paid$500,000
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages---$1,725,362
Advertising---$609,282
Grants to Domestic Orgs---$500,000
Current Officers, Directors, Trustees, and Key Employees---$487,178
Other Employee Benefits---$211,616
Information Technology---$199,444
Payroll Taxes---$153,521
Office Expenses---$141,650
Occupancy---$103,336
Pension Plan Contributions---$94,684
Depreciation Depletion---$88,862
Other Expenses---$81,901
Conferences and Meetings---$68,023
Fees for Services Other---$31,757
All Other Expenses---$22,641
Fees for Services Accounting---$21,250
Insurance---$17,205
Travel---$15,766
Fees for Services Legal---$6,174
Total Functional Expenses$0$0$0$6,519,976

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$6,926,135
Expenses per Audited Statements$6,519,976
Total Expenses per Form 990$6,519,976
Expenses Not Reported on Form 990$406,159
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
Arlington Museum of Art IncArlington, TX501c3Program - Cut Custom & Cinema$60,000
International Corridor VisionArlington, TX501c3Santa Fe International Folk Art Market$60,000
Friends of the Levitt Pavilion ArlingtonArlington, TX501c3Program$55,000
Arlington Museum of Art IncArlington, TX501c3Program - Frame 4 Frame$50,000
Downtown Arlington Management CorpArlington, TX501c3Urban Art Initiative$25,000
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
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
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
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, Line 1A

There is an executive committee which can approve some items, but in general, the board of directors votes on items presented.

Form 990, Part VI, Section A, Line 2

Steve martindale and jim brothers are both employees at six flags over texas. Jim brothers acts as the representative of hurricane harbor, a entity owned by six flags over texas. The city of arlington has two city council representatives on the acvb board of directors, along with the city manager.

Form 990, Part VI, Section B, Line 11B

The irs form 990 return is prepared by the cpa firm engaged by the bureau in conjunction with the bureaus vp of finance & administration. The cpa representative will review the completed form 990 with the vp of finance & administration and copies will be provided to the full board after it is filed with the irs.

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

The bureau monitors conflicts of interest by preventing possible conflicts when they have been brought to the attention of the president & ceo, the svp of finance & administration, or any of the other company managers. A written conflict of interest policy is included in the employee manual. When instances occur that give the appearance of a conflict of interest, these conflicts are reviewed & resolved on a timely basis. The bureau also has a "recognizing & reporting a conflict" policy requiring employees to seek the advice and counsel of management to clarify issues not covered by guidelines or by good judgment.

Form 990, Part VI, Section C, Line 19

The bureau makes its form 990 and other financial reports available upon request via inspection at the office or upon written request, similar to requests made to the city of arlington.

Filing and Contact Details

Filer

Filer Name
Arlington Convention And Vistors Bureau Inc
EIN
75-2442465
In Care Of
% JOEL MCLELLAND
Phone
8172657721
Address
1905 E Randol Mill Road, Arlington, TX 76011

Signing Officer

Name
Ron Price
Title
President & CEO
Phone
8172567721
Signed
2019-08-15
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Ron Price
Formed
1992
Legal Domicile
TX
Voting Board Members
22
Independent Board Members
19
Employees
31
Volunteers
24

Preparer

Firm
Bkd Llp
Address
3200 Riverfront Drive Suite 200, Fort Worth, TX 76107
Preparer
Alison Williams
Phone
8173322301
Supplemental Narrative

Additional Explanations

FORM 990, PART XI, LINE 2C:

The process by which the organization has a committee that assumes responsibility for oversight of the audit has not changed since the past year.

FORM 990, PART I, LINE 6:

The volunteers provide answers to tourists questions specific to types of entertainment venues in arlington and the surrounding cities, places to eat & stay overnight, and general directions. They hand out brochures that assist the tourists in making their decisions.

Form 990, Part I, Line 1:

The Bureau is organized on behalf of the City of Arlington, Texas for the exclusive purpose of agressively promoting the public interest in the City of Arlington and its metropolitan area by promoting and encouraging convention and tourist industries (I.E., the Arlington Convention Center, The Texas Rangers Baseball Team, The Dallas Cowboys Football Team, The Dallas Wings Women's Basketball Team, Six Flags Over Texas & Jurricane Harbor Theme Parks, hotesl, restaurants, etc.)

Financial Statement Notes

Schedule D, Part XI, Line 4B

Reconciliation of Revenue per Audited Financial Statements With Revenue PER RETURN: Loss on disposal of asset ($23,341)

Schedule D, Part XII, Line 2D

Reconciliation of EXPENSE per Audited Financial Statements With EXPENSE PER RETURN: Loss on disposal of asset $23,341

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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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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.$6.46$0.66$5.80$12.7$12.7$0.03
2023Detailed filing. Detailed filing data is available for this year.$6.46$0.64$5.82$9.28$8.85$0.43
2022Detailed filing. Detailed filing data is available for this year.$6.11$0.70$5.40$10.4$7.21$3.19
2021Detailed filing. Detailed filing data is available for this year.$3.52$1.31$2.21$16.7$15.9$0.76
2020Detailed filing. Detailed filing data is available for this year.$1.88$0.43$1.45$6.08$5.51$0.56
2019Detailed filing. Detailed filing data is available for this year.$1.28$0.39$0.89$6.87$6.32$0.55
2018Detailed filing. Detailed filing data is available for this year.$0.77$0.43$0.34$5.97$6.52$0.55
2017Detailed filing. Detailed filing data is available for this year.$1.27$0.38$0.89$6.84$6.51$0.33
2016Detailed filing. Detailed filing data is available for this year.$1.04$0.48$0.55$5.45$5.40$0.05
2015Detailed filing. Detailed filing data is available for this year.$1.01$0.50$0.50$4.88$4.89$0.00
2014Detailed filing. Detailed filing data is available for this year.$1.06$0.55$0.51$4.60$4.52$0.08
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.66$0.24$0.42$3.82
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.67$0.26$0.41$3.60
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.61$0.24$0.37$3.46
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.50$0.17$0.32$3.20
Peer Organizations

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