Civic Intelligence

Boulder Convention and Visitors Bureau

990 • Fiscal year 2018 • EIN 82-0722486

Jan 01, 2018 to Dec 31, 2018 • Filed on Nov 06, 2019

2440 Pearl StreetBoulder, CO 80302

(303) 442-2911

Siviq Scores

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

Liabilities / Assets

89th percentile

0.63x

Higher debt load relative to assets than 89% of similar nonprofits.

2018 filings • 501(c)6 • $1M-$5M nonprofits • Source year 2018

Liabilities / Revenue

27th percentile

0.05x

Higher debt load relative to revenue than 27% of similar nonprofits.

2018 filings • 501(c)6 • $1M-$5M nonprofits • Source year 2018

Net Margin

15th percentile

-7.0%

Higher net margin than 15% of similar nonprofits.

2018 filings • 501(c)6 • $1M-$5M nonprofits • Source year 2018

Top Officer Pay

44th percentile

$123,486

Higher top officer pay than 44% of similar nonprofits.

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

2018 filings • 501(c)6 • $1M-$5M nonprofits • Source year 2018

Asset Growth

Score unavailable

No value available

No earlier valid filing was available within the previous three public years.

Source year 2018

Revenue Growth

Score unavailable

No value available

No earlier valid filing was available within the previous three public years.

Source year 2018

Assets

$156,270

No earlier filing loaded for comparison.

Net Assets

$57,040

No earlier filing loaded for comparison.

Liabilities

$99,230

No earlier filing loaded for comparison.

Revenue

$2,059,318

No earlier filing loaded for comparison.

Expenses

$2,202,566

No earlier filing loaded for comparison.

Net Income

-$143,248

No earlier filing loaded for comparison.

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 2018: $156,270Liabilities 2018: $99,230Net Assets 2018: $57,0402018Assets 2019: $162,961Liabilities 2019: $90,768Net Assets 2019: $72,1932019Assets 2020: $1,243,141Liabilities 2020: $227,996Net Assets 2020: $1,015,1452020Assets 2021: $698,178Liabilities 2021: $112,328Net Assets 2021: $585,8502021Assets 2022: $544,847Liabilities 2022: $76,769Net Assets 2022: $468,0782022Assets 2023: $480,621Liabilities 2023: $119,650Net Assets 2023: $360,9712023Assets 2024: $421,617Liabilities 2024: $207,593Net Assets 2024: $214,0242024

Highlighted filing

2018

Assets$156,270
Liabilities$99,230
Net Assets$57,040

Operations Trend

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

$3.0M$2.0M$1.0M$0-$1.0MRevenue 2018: $2,059,318Expenses 2018: $2,202,566Net Income 2018: -$143,2482018Revenue 2019: $2,233,482Expenses 2019: $2,218,329Net Income 2019: $15,1532019Revenue 2020: $2,445,762Expenses 2020: $1,502,810Net Income 2020: $942,9522020Revenue 2021: $1,358,891Expenses 2021: $1,788,186Net Income 2021: -$429,2952021Revenue 2022: $1,992,940Expenses 2022: $2,110,712Net Income 2022: -$117,7722022Revenue 2023: $2,384,185Expenses 2023: $2,491,292Net Income 2023: -$107,1072023Revenue 2024: $2,613,612Expenses 2024: $2,760,559Net Income 2024: -$146,9472024

Highlighted filing

2018

Revenue$2,059,318
Expenses$2,202,566
Net Income-$143,248
Jump To
Filing Snapshot
Filing Period
Jan 1, 2018 to Dec 31, 2018
Signed
Nov 6, 2019
Return Version
2018v3.1
Gross Receipts
$2,059,318
Mission and Program Overview

Mission

The organization's mission is to provide leadership promoting boulder's natural environment, arts, culture, innovation and the visitor experience to support economic vitality and quality of life.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$237,599$80,062▼ $157,537
Land, Buildings, and Equipment, Net$35,735$41,791▲ $6,056
Prepaid Expenses and Deferred Charges$20,158$23,046▲ $2,888
Accounts Receivable$987$285▼ $702
Savings and Temporary Cash Investments-$0-
Other Notes and Loans Receivable, Net-$0-
Pledges and Grants Receivable-$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-
Intangible Assets-$0-
Inventories for Sale or Use-$0-
Total Assets$294,480$156,270▼ $138,210
Other Assets Total$1$11,086▲ $11,085
Liabilities
Other Liabilities$48,193$54,875▲ $6,682
Accounts Payable and Accrued Expenses$45,999$44,355▼ $1,644
Total Liabilities$94,192$99,230▲ $5,038
Net Assets / Fund Balance
Unrestricted Net Assets$200,288$57,040▼ $143,248
Total Net Assets Fund Balance$200,288$57,040▼ $143,248
Total Liabilities and Net Assets / Fund Balance$294,480$156,270▼ $138,210

Asset Categories

AssetBook ValueDepreciationBasis
Other Land Buildings$23,008$30,289$53,297
Equipment$18,783$10,717$29,500
Other Assets Org$11,086--
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseTotal
Mary Ann MahoneyCEOFT$123,486$123,486

Board Members and Trustees

NameTitle
Tom McgannBoard Chair
Bob TrotterPast Chair
Matt ChesankyArts Liason
Dan DykstraEx Officio Mem
Jennifer JohnsonEx Officio Mem
Yvette BowdenEx Officio Mem
Sean MaherEx Offico Mem
Alexander BresserMember
Bryce ClarkMember
Cathy RothweilerMember
Kathy BeekMember
Patty LeslieMember
Renee McdermidMember
Sam BassMember
Bob YatesRepresentative
Revenue and Support

Revenue Composition

Contributions and Grants
$2,059,291
Program Service Revenue
$0
Investment Income
$27
Other Revenue
$0
Change in Net Assets
$-143,248

Audited Revenue Reconciliation

Revenue per Audited Statements
$2,059,318
Total Revenue per Audited Statements
$2,059,318
Total Revenue per Form 990
$2,059,318
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$1,108,067
Salaries, Compensation, and Employee Benefits$791,495
Grants and Similar Amounts Paid$303,004
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Advertising$376,880--$376,880
Current Officers, Directors, Trustees, and Key Employees-$359,958-$359,958
Grants to Domestic Orgs$303,004--$303,004
Other Salaries and Wages$100,357$189,712-$290,069
All Other Expenses$81,044$73,771-$154,815
Occupancy-$91,924-$91,924
Other Employee Benefits-$84,825-$84,825
Payroll Taxes-$55,793-$55,793
Other Expenses$27,875$26,832-$27,875
Travel$23,749--$23,749
Office Expenses$14,989$5,733-$20,722
Depreciation Depletion-$11,447-$11,447
Insurance-$9,702-$9,702
Fees for Services Accounting-$3,623-$3,623
Pension Plan Contributions-$850-$850
Total Functional Expenses$1,237,708$964,858$0$2,202,566

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$2,202,566
Total Expenses per Audited Statements$2,202,566
Total Expenses per Form 990$2,202,566
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
World Triathlon CorporationTampa, FL-Boulder Iron Man Sponsorship$95,000
Museum of BoulderBoulder, CO-Sponsorhip of the Boulder Museum$37,000
City of BoulderBoulder, CO-Chautauqua Access Mgmt Program$35,000
Haute Route LLCColorado Spring, CO-2018 Haute Route Sponsorship$30,000
Western Enterprises IncCarrier, OK-Fireworks Display$25,340
Boulder Valley Girls SoftballLafayette, CO-Softball Event Sponsorship$20,000
University of Colorado AthletBoulder, CO-Wright Kingdom Sponsorship$14,664
Boulder Bach FestivalBoulder, CO-Festival Support$10,000
Open StudiosBoulder, CO-Boulder Plein Air Festival Sponsors$10,000
The Latino ChamberLongmont, CO-Colorado Latino Festival$10,000
Visit DenverDenver, CO-2018 Ipw Sponsorship$10,000
Flatirons Food Film FestivalLafayette, CO-Food Film Festival Sponsorship$6,000
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-
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Accrued Pto$22,340
Credit Card Payable$16,553
Payroll Liabilities$14,911
Accrued Property Tax$1,071
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
Backup withholding compliance
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, Line 11B: Form 990 Review Process

The board reviews form 990.

Form 990, Part VI, Line 15B: Compensation Review and Approval Process for Officers and Key Employees

Form 990, part vi, line 15b - compensation review & approval process - officers & key employees. The organization conducts an annual salary survey and presents results to the board chairman who leads the executive committee in conducting the ceo's annual performance review. Other staff members are evaluated by their supervisor.

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

The organization provides access to governing documents, policies, and financial statements upon request.

Filing and Contact Details

Filer

Filer Name
Boulder Convention and Visitors Bureau
EIN
82-0722486
Phone
3034422911
Address
2440 PEARL STREET, BOULDER, CO 80302

Signing Officer

Name
Mary Ann Mahoney
Title
CEO
Signed
2019-11-06
Discuss with paid preparer
Yes

Organization Details

Formed
2017
Legal Domicile
Co
Voting Board Members
15
Independent Board Members
14
Employees
34

Preparer

Firm
Cahill & Associates PC
Address
4810 Riverbend Road, Boulder, CO 80301
Preparer
Edward T Cahill CPA
Phone
3034400400
Supplemental Narrative

Additional Explanations

Form 990, Part III, Line 4D: Other Program Services Description

Other program services 4: international & new markets other program services 5: community programs

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IRS990/GrantsToIndividualsInd0false
IRS990/GrantsToOrganizationsInd0true
IRS990/GrantToRelatedPersonInd0false
IRS990/GrossReceiptsAmt02059318
IRS990/GroupReturnForAffiliatesInd0false
IRS990/IncludeFIN48FootnoteInd0false
IRS990/IncmFromInvestBondProceedsGrp/TotalRevenueColumnAmt00
IRS990/IndependentAuditFinclStmtInd0true
IRS990/IndependentVotingMemberCnt014
IRS990/IndivRcvdGreaterThan100KCnt01
IRS990/IndoorTanningServicesInd0false
IRS990/InfoInScheduleOPartIIIInd0X
IRS990/InfoInScheduleOPartVIInd0X
IRS990/InformationTechnologyGrp/TotalAmt00
IRS990/InitialReturnInd0X
IRS990/InsuranceGrp/ManagementAndGeneralAmt09702
IRS990/InsuranceGrp/TotalAmt09702
IRS990/IntangibleAssetsGrp/EOYAmt00
IRS990/InterestGrp/TotalAmt00
IRS990/InventoriesForSaleOrUseGrp/EOYAmt00
IRS990/InvestmentIncomeGrp/ExclusionAmt027
IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt027
IRS990/InvestmentInJointVentureInd0false
IRS990/InvestmentsOtherSecuritiesGrp/EOYAmt00
IRS990/InvestmentsProgramRelatedGrp/EOYAmt00
IRS990/InvestmentsPubTradedSecGrp/EOYAmt00
IRS990/InvestTaxExemptBondsInd0false
IRS990/IRPDocumentCnt00
IRS990/IRPDocumentW2GCnt00
IRS990/LandBldgEquipAccumDeprecAmt041006
IRS990/LandBldgEquipBasisNetGrp/BOYAmt035735
IRS990/LandBldgEquipBasisNetGrp/EOYAmt041791
IRS990/LandBldgEquipCostOrOtherBssAmt082797
IRS990/LegalDomicileStateCd0CO
IRS990/LicensedMoreThanOneStateInd0false
IRS990/LoanOutstandingInd0false
IRS990/LocalChaptersInd0false
IRS990/MaterialDiversionOrMisuseInd0false
IRS990/MembersOrStockholdersInd0false
IRS990/MethodOfAccountingAccrualInd0X
IRS990/MinutesOfCommitteesInd0true
IRS990/MinutesOfGoverningBodyInd0true
IRS990/MissionDesc0THE ORGANIZATION'S MISSION IS TO PROVIDE LEADERSHIP PROMOTING BOULDER'S NATURAL ENVIRONMENT, ARTS, CULTURE, INNOVATION AND THE VISITOR EXPERIENCE TO SUPPORT ECONOMIC VITALITY AND QUALITY OF LIFE.
IRS990/MoreThan5000KToIndividualsInd0false
IRS990/MoreThan5000KToOrgInd0false
IRS990/NetAssetsOrFundBalancesBOYAmt0200288
IRS990/NetAssetsOrFundBalancesEOYAmt057040
IRS990/NetGainOrLossInvestmentsGrp/TotalRevenueColumnAmt00
IRS990/NetIncmFromFundraisingEvtGrp/TotalRevenueColumnAmt00
IRS990/NetIncomeFromGamingGrp/TotalRevenueColumnAmt00
IRS990/NetIncomeOrLossGrp/TotalRevenueColumnAmt00
IRS990/NetRentalIncomeOrLossGrp/TotalRevenueColumnAmt00
IRS990/NoListedPersonsCompensatedInd0X
IRS990/NondeductibleContributionsInd0true
IRS990/NondeductibleContriDisclInd0false
IRS990/OccupancyGrp/ManagementAndGeneralAmt091924
IRS990/OccupancyGrp/TotalAmt091924
IRS990/OfficeExpensesGrp/ManagementAndGeneralAmt05733
IRS990/OfficeExpensesGrp/ProgramServicesAmt014989
IRS990/OfficeExpensesGrp/TotalAmt020722
IRS990/OfficerMailingAddressInd0false
IRS990/OnBehalfOfIssuerInd0false
IRS990/OperateHospitalInd0false
IRS990/Organization501cInd0X
IRS990/OrganizationFollowsSFAS117Ind0X
IRS990/OrgFiledInLieuOfForm1041Ind0false
IRS990/OtherAssetsTotalGrp/BOYAmt01
IRS990/OtherAssetsTotalGrp/EOYAmt011086
IRS990/OtherEmployeeBenefitsGrp/ManagementAndGeneralAmt084825
IRS990/OtherEmployeeBenefitsGrp/TotalAmt084825
IRS990/OtherExpensesGrp/Desc0CONTRACT LABOR
IRS990/OtherExpensesGrp/Desc1WEBSITE COMMUNICATIONS
IRS990/OtherExpensesGrp/Desc2COMPUTER DATABASE & IT
IRS990/OtherExpensesGrp/Desc3MEALS
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt050688
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt126832
IRS990/OtherExpensesGrp/ProgramServicesAmt0197272
IRS990/OtherExpensesGrp/ProgramServicesAmt1100988
IRS990/OtherExpensesGrp/ProgramServicesAmt211550
IRS990/OtherExpensesGrp/ProgramServicesAmt327875
IRS990/OtherExpensesGrp/TotalAmt0247960
IRS990/OtherExpensesGrp/TotalAmt1100988
IRS990/OtherExpensesGrp/TotalAmt238382
IRS990/OtherExpensesGrp/TotalAmt327875
IRS990/OtherLiabilitiesGrp/BOYAmt048193
IRS990/OtherLiabilitiesGrp/EOYAmt054875
IRS990/OtherRevenueTotalAmt00
IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt0189712
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt0100357
IRS990/OtherSalariesAndWagesGrp/TotalAmt0290069
IRS990/OthNotesLoansReceivableNetGrp/EOYAmt00
IRS990/PartialLiquidationInd0false
IRS990/PaymentsToAffiliatesGrp/TotalAmt00
IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt055793
IRS990/PayrollTaxesGrp/TotalAmt055793
IRS990/PensionPlanContributionsGrp/ManagementAndGeneralAmt0850
IRS990/PensionPlanContributionsGrp/TotalAmt0850
IRS990/PledgesAndGrantsReceivableGrp/EOYAmt00
IRS990/PoliticalCampaignActyInd0false
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt020158
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt023046
IRS990/ProfessionalFundraisingInd0false
IRS990/ProgSrvcAccomActy2Grp/Desc0COMMUNITY PROGRAMS
IRS990/ProgSrvcAccomActy2Grp/ExpenseAmt0373276
IRS990/ProgSrvcAccomActy3Grp/Desc0VISITOR SERVICES
IRS990/ProgSrvcAccomActy3Grp/ExpenseAmt0221734
IRS990/ProhibitedTaxShelterTransInd0false
IRS990/PymtTravelEntrtnmntPubOfclGrp/TotalAmt00
IRS990/RcvblFromDisqualifiedPrsnGrp/EOYAmt00
IRS990/ReceivablesFromOfficersEtcGrp/EOYAmt00
IRS990/ReconcilationRevenueExpnssAmt0-143248
IRS990/RegularMonitoringEnfrcInd0true
IRS990/RelatedEntityInd0false
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0true
IRS990/ReportOtherAssetsInd0true
IRS990/ReportOtherLiabilitiesInd0true
IRS990/ReportProgramRelatedInvstInd0false
IRS990/RoyaltiesGrp/TotalAmt00
IRS990/RoyaltiesRevenueGrp/TotalRevenueColumnAmt00
IRS990/SavingsAndTempCashInvstGrp/EOYAmt00
IRS990/ScheduleBRequiredInd0false
IRS990ScheduleD/EquipmentGrp/BookValueAmt018783
IRS990ScheduleD/EquipmentGrp/DepreciationAmt010717
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt029500
IRS990ScheduleD/ExpensesSubtotalAmt02202566
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt011086
IRS990ScheduleD/OtherAssetsOrgGrp/Desc0DUE FROM BCC
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt023008
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt030289
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt053297
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt01071
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt122340
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt216553
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt314911
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0ACCRUED PROPERTY TAX
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc1ACCRUED PTO
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc2CREDIT CARD PAYABLE
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc3PAYROLL LIABILITIES
IRS990ScheduleD/RevenueSubtotalAmt02059318
IRS990ScheduleD/TotalBookValueLandBuildingsAmt041791
IRS990ScheduleD/TotalBookValueOtherAssetsAmt011086
IRS990ScheduleD/TotalExpensesPerForm990Amt02202566
IRS990ScheduleD/TotalLiabilityAmt054875
IRS990ScheduleD/TotalRevenuePerForm990Amt02059318
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt02059318
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt02202566
IRS990ScheduleI/GrantRecordsMaintainedInd0false
IRS990ScheduleI/RecipientTable/CashGrantAmt010000
IRS990ScheduleI/RecipientTable/CashGrantAmt120000
IRS990ScheduleI/RecipientTable/CashGrantAmt235000
IRS990ScheduleI/RecipientTable/CashGrantAmt36000
IRS990ScheduleI/RecipientTable/CashGrantAmt430000
IRS990ScheduleI/RecipientTable/CashGrantAmt537000
IRS990ScheduleI/RecipientTable/CashGrantAmt610000
IRS990ScheduleI/RecipientTable/CashGrantAmt710000
IRS990ScheduleI/RecipientTable/CashGrantAmt814664
IRS990ScheduleI/RecipientTable/CashGrantAmt910000
IRS990ScheduleI/RecipientTable/CashGrantAmt1025340
IRS990ScheduleI/RecipientTable/CashGrantAmt1195000
IRS990ScheduleI/RecipientTable/NonCashAssistanceAmt00
IRS990ScheduleI/RecipientTable/NonCashAssistanceAmt10
IRS990ScheduleI/RecipientTable/NonCashAssistanceAmt20
IRS990ScheduleI/RecipientTable/NonCashAssistanceAmt30
IRS990ScheduleI/RecipientTable/NonCashAssistanceAmt40
IRS990ScheduleI/RecipientTable/NonCashAssistanceAmt50
IRS990ScheduleI/RecipientTable/NonCashAssistanceAmt60
IRS990ScheduleI/RecipientTable/NonCashAssistanceAmt70
IRS990ScheduleI/RecipientTable/NonCashAssistanceAmt80
IRS990ScheduleI/RecipientTable/NonCashAssistanceAmt90

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