Civic Intelligence

Boulder Convention and Visitors Bureau

990 • Fiscal year 2019 • EIN 82-0722486

Jan 01, 2019 to Dec 31, 2019 • Filed on Nov 16, 2020

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

87th percentile

0.56x

Higher debt load relative to assets than 87% of similar nonprofits.

2019 filings • 501(c)6 • $1M-$5M nonprofits • Source year 2019

Liabilities / Revenue

26th percentile

0.04x

Higher debt load relative to revenue than 26% of similar nonprofits.

2019 filings • 501(c)6 • $1M-$5M nonprofits • Source year 2019

Net Margin

36th percentile

0.7%

Higher net margin than 36% of similar nonprofits.

2019 filings • 501(c)6 • $1M-$5M nonprofits • Source year 2019

Top Officer Pay

45th percentile

$127,280

Higher top officer pay than 45% of similar nonprofits.

Top officer pay equals 5.7% of source-year revenue.

2019 filings • 501(c)6 • $1M-$5M nonprofits • Source year 2019

Asset Growth

46th percentile

4.3%

Faster asset growth than 46% of similar nonprofits.

2019 filings • 501(c)6 • $1M-$5M nonprofits • Annualized from 2018 to 2019

Revenue Growth

67th percentile

8.5%

Faster revenue growth than 67% of similar nonprofits.

2019 filings • 501(c)6 • $1M-$5M nonprofits • Annualized from 2018 to 2019

Assets

Up

$162,961

Up $6,691 (+4.3%) from 2018

Net Assets

Up

$72,193

Up $15,153 (+27%) from 2018

Liabilities

Down

$90,768

Down $8,462 (-8.5%) from 2018

Revenue

Up

$2,233,482

Up $174,164 (+8.5%) from 2018

Expenses

Up

$2,218,329

Up $15,763 (+0.7%) from 2018

Net Income

Up

$15,153

Up $158,401 (+111%) from 2018

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

2019

Assets$162,961
Liabilities$90,768
Net Assets$72,193

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

2019

Revenue$2,233,482
Expenses$2,218,329
Net Income$15,153
Jump To
Filing Snapshot
Filing Period
Jan 1, 2019 to Dec 31, 2019
Signed
Nov 16, 2020
Return Version
2019v5.0
Gross Receipts
$2,233,482
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$80,062$72,869▼ $7,193
Prepaid Expenses and Deferred Charges$23,046$55,418▲ $32,372
Land, Buildings, and Equipment, Net$41,791$29,174▼ $12,617
Accounts Receivable$285$0▼ $285
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$156,270$162,961▲ $6,691
Other Assets Total$11,086$5,500▼ $5,586
Liabilities
Other Liabilities$54,875$61,227▲ $6,352
Accounts Payable and Accrued Expenses$44,355$29,541▼ $14,814
Total Liabilities$99,230$90,768▼ $8,462
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$57,040$72,193▲ $15,153
Total Net Assets Fund Balance$57,040$72,193▲ $15,153
Total Liabilities and Net Assets / Fund Balance$156,270$162,961▲ $6,691

Asset Categories

AssetBook ValueDepreciationBasis
Other Land Buildings$16,874$36,423$53,297
Equipment$12,300$17,200$29,500
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseTotal
Mary Ann MahoneyCEOFT$127,280$127,280

Board Members and Trustees

NameTitle
Renee McdermidChairman
Bob TrotterPast Chair
Tom McgannPast Chair
Bruce BorowskyArts Comm Lias
Matt ChesankyArts Liason
Bob YatesEx Officio Mem
Dan DykstraEx Officio Mem
Jennifer JohnsonEx Officio Mem
Yvette BowdenEx Officio Mem
Alexander BresserMember
Bryce ClarkMember
Cathy RothweilerMember
Kathy BeekMember
Patty LeslieMember
Peter WatersMember
Sam BassMember
Revenue and Support

Revenue Composition

Contributions and Grants
$2,233,482
Program Service Revenue
$0
Investment Income
$0
Other Revenue
$0
Change in Net Assets
$15,153

Audited Revenue Reconciliation

Revenue per Audited Statements
$2,233,482
Total Revenue per Audited Statements
$2,233,482
Total Revenue per Form 990
$2,233,482
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$1,388,965
Salaries, Compensation, and Employee Benefits$829,364
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Advertising$498,232--$498,232
Current Officers, Directors, Trustees, and Key Employees-$392,244-$392,244
Other Salaries and Wages$90,474$201,722-$292,196
All Other Expenses$66,962$79,363-$146,325
Other Employee Benefits-$93,772-$93,772
Occupancy-$85,220-$85,220
Payroll Taxes-$50,802-$50,802
Office Expenses$22,910$12,023-$34,933
Other Expenses$4,896$26,809-$31,705
Travel$27,755--$27,755
Depreciation Depletion-$12,615-$12,615
Insurance-$9,831-$9,831
Fees for Services Accounting-$5,325-$5,325
Pension Plan Contributions-$350-$350
Total Functional Expenses$1,197,967$1,020,362$0$2,218,329

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$2,218,329
Total Expenses per Audited Statements$2,218,329
Total Expenses per Form 990$2,218,329
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$23,989
Credit Card Payable$20,236
Payroll Liabilities$14,709
Due to Boulder Chamber$1,292
Accrued Property Tax$1,001
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
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
2020-11-16
Discuss with paid preparer
Yes

Organization Details

Formed
2017
Legal Domicile
Co
Voting Board Members
16
Independent Board Members
16
Employees
25

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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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/InfoInScheduleOPartIIIInd0X
IRS990/InfoInScheduleOPartVIInd0X
IRS990/InformationTechnologyGrp/TotalAmt00
IRS990/InsuranceGrp/ManagementAndGeneralAmt09831
IRS990/InsuranceGrp/TotalAmt09831
IRS990/IntangibleAssetsGrp/EOYAmt00
IRS990/InterestGrp/TotalAmt00
IRS990/InventoriesForSaleOrUseGrp/EOYAmt00
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IRS990/InvestmentsPubTradedSecGrp/EOYAmt00
IRS990/IRPDocumentCnt013
IRS990/IRPDocumentW2GCnt00
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IRS990/LandBldgEquipBasisNetGrp/BOYAmt041791
IRS990/LandBldgEquipBasisNetGrp/EOYAmt029174
IRS990/LandBldgEquipCostOrOtherBssAmt082797
IRS990/LegalDomicileStateCd0CO
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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
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IRS990/NetAssetsOrFundBalancesEOYAmt072193
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IRS990/NetIncmFromFundraisingEvtGrp/TotalRevenueColumnAmt00
IRS990/NetIncomeFromGamingGrp/TotalRevenueColumnAmt00
IRS990/NetIncomeOrLossGrp/TotalRevenueColumnAmt00
IRS990/NetRentalIncomeOrLossGrp/TotalRevenueColumnAmt00
IRS990/NoDonorRestrictionNetAssetsGrp/BOYAmt057040
IRS990/NoDonorRestrictionNetAssetsGrp/EOYAmt072193
IRS990/NoListedPersonsCompensatedInd0X
IRS990/NondeductibleContributionsInd0true
IRS990/NondeductibleContriDisclInd0false
IRS990/OccupancyGrp/ManagementAndGeneralAmt085220
IRS990/OccupancyGrp/TotalAmt085220
IRS990/OfficeExpensesGrp/ManagementAndGeneralAmt012023
IRS990/OfficeExpensesGrp/ProgramServicesAmt022910
IRS990/OfficeExpensesGrp/TotalAmt034933
IRS990/OfficerMailingAddressInd0false
IRS990/OperateHospitalInd0false
IRS990/Organization501cInd0X
IRS990/OrganizationFollowsFASB117Ind0X
IRS990/OtherAssetsTotalGrp/BOYAmt011086
IRS990/OtherAssetsTotalGrp/EOYAmt05500
IRS990/OtherEmployeeBenefitsGrp/ManagementAndGeneralAmt093772
IRS990/OtherEmployeeBenefitsGrp/TotalAmt093772
IRS990/OtherExpensesGrp/Desc0CONTRACT LABOR
IRS990/OtherExpensesGrp/Desc1SPONSORSHIPS
IRS990/OtherExpensesGrp/Desc2WEBSITE COMMUNICATIONS
IRS990/OtherExpensesGrp/Desc3COMPUTER DATABASE & IT
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt050286
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt126809
IRS990/OtherExpensesGrp/ProgramServicesAmt0192223
IRS990/OtherExpensesGrp/ProgramServicesAmt1196815
IRS990/OtherExpensesGrp/ProgramServicesAmt297700
IRS990/OtherExpensesGrp/ProgramServicesAmt34896
IRS990/OtherExpensesGrp/TotalAmt0242509
IRS990/OtherExpensesGrp/TotalAmt1196815
IRS990/OtherExpensesGrp/TotalAmt297700
IRS990/OtherExpensesGrp/TotalAmt331705
IRS990/OtherLiabilitiesGrp/BOYAmt054875
IRS990/OtherLiabilitiesGrp/EOYAmt061227
IRS990/OtherRevenueTotalAmt00
IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt0201722
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt090474
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IRS990/OthNotesLoansReceivableNetGrp/EOYAmt00
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IRS990/PayrollTaxesGrp/TotalAmt050802
IRS990/PensionPlanContributionsGrp/ManagementAndGeneralAmt0350
IRS990/PensionPlanContributionsGrp/TotalAmt0350
IRS990/PledgesAndGrantsReceivableGrp/EOYAmt00
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IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt023046
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt055418
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IRS990/ProgSrvcAccomActy3Grp/Desc0VISITOR SERVICES
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IRS990/PYContributionsGrantsAmt02059291
IRS990/PYGrantsAndSimilarPaidAmt0303004
IRS990/PYInvestmentIncomeAmt027
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IRS990/PYOtherExpensesAmt01108067
IRS990/PYRevenuesLessExpensesAmt0-143248
IRS990/PYSalariesCompEmpBnftPaidAmt0791495
IRS990/PYTotalExpensesAmt02202566
IRS990/PYTotalRevenueAmt02059318
IRS990/RcvblFromDisqualifiedPrsnGrp/EOYAmt00
IRS990/ReceivablesFromOfficersEtcGrp/EOYAmt00
IRS990/ReconcilationRevenueExpnssAmt015153
IRS990/RegularMonitoringEnfrcInd0true
IRS990/RelatedEntityInd0false
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0true
IRS990/ReportOtherAssetsInd0false
IRS990/ReportOtherLiabilitiesInd0true
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IRS990/RoyaltiesGrp/TotalAmt00
IRS990/RoyaltiesRevenueGrp/TotalRevenueColumnAmt00
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IRS990ScheduleD/EquipmentGrp/BookValueAmt012300
IRS990ScheduleD/EquipmentGrp/DepreciationAmt017200
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt029500
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IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt016874
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt036423
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt053297
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt01001
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt123989
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt220236
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt31292
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt414709
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0ACCRUED PROPERTY TAX
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc1ACCRUED PTO
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc2CREDIT CARD PAYABLE
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc3DUE TO BOULDER CHAMBER
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc4PAYROLL LIABILITIES
IRS990ScheduleD/RevenueSubtotalAmt02233482
IRS990ScheduleD/TotalBookValueLandBuildingsAmt029174
IRS990ScheduleD/TotalExpensesPerForm990Amt02218329
IRS990ScheduleD/TotalLiabilityAmt061227
IRS990ScheduleD/TotalRevenuePerForm990Amt02233482
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt02233482
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt02218329
IRS990/ScheduleJRequiredInd0false
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0OTHER PROGRAM SERVICES 4: INTERNATIONAL & NEW MARKETS OTHER PROGRAM SERVICES 5: COMMUNITY PROGRAMS
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE BOARD REVIEWS FORM 990.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2FORM 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.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3THE ORGANIZATION PROVIDES ACCESS TO GOVERNING DOCUMENTS, POLICIES, AND FINANCIAL STATEMENTS UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Form 990, Part III, Line 4d: Other Program Services Description
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Form 990, Part VI, Line 11b: Form 990 Review Process
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Form 990, Part VI, Line 15b: Compensation Review and Approval Process for Officers and Key Employees
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3Form 990, Part VI, Line 19: Other Organization Documents Publicly Available
IRS990/SchoolOperatingInd0false
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IRS990/SubjectToProxyTaxInd0false
IRS990/SubjToTaxRmnrtnExPrchtPymtInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false

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