Civic Intelligence

Kearney Visitors Bureau

990 • Fiscal year 2019 • EIN 86-1176325

Jul 01, 2018 to Jun 30, 2019 • Filed on Sep 24, 2019

PO Box 607Kearney, NE 68847

(308) 237-3101

Siviq Scores

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

Liabilities / Assets

20th percentile

0.01x

Higher debt load relative to assets than 20% of similar nonprofits.

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

Liabilities / Revenue

24th percentile

0.03x

Higher debt load relative to revenue than 24% of similar nonprofits.

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

Net Margin

87th percentile

21%

Higher net margin than 87% of similar nonprofits.

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

Top Officer Pay

30th percentile

$75,570

Higher top officer pay than 30% of similar nonprofits.

Top officer pay equals 4.3% of source-year revenue.

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

Asset Growth

63rd percentile

10%

Faster asset growth than 63% of similar nonprofits.

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

Revenue Growth

35th percentile

-0.2%

Faster revenue growth than 35% of similar nonprofits.

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

Assets

Up

$4,184,616

Up $382,707 (+10%) from 2018

Net Assets

Up

$4,124,912

Up $370,385 (+9.9%) from 2018

Liabilities

Up

$59,704

Up $12,322 (+26%) from 2018

Revenue

Down

$1,744,553

Down $3,496 (-0.2%) from 2018

Expenses

Up

$1,374,168

Up $33,382 (+2.5%) from 2018

Net Income

Down

$370,385

Down $36,878 (-9.1%) from 2018

Historical Trend

Balance Sheet Trend

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

$6.0M$4.0M$2.0M$0Assets 2011: $1,128,081Liabilities 2011: $563,157Net Assets 2011: $564,9242011Assets 2012: $1,993,865Liabilities 2012: $1,202,203Net Assets 2012: $791,6622012Assets 2013: $2,062,435Liabilities 2013: $1,123,884Net Assets 2013: $938,5512013Assets 2014: $2,369,599Liabilities 2014: $1,014,992Net Assets 2014: $1,354,6072014Assets 2015: $2,618,887Liabilities 2015: $614,464Net Assets 2015: $2,004,4232015Assets 2016: $2,874,145Liabilities 2016: $150,845Net Assets 2016: $2,723,3002016Assets 2017: $3,374,418Liabilities 2017: $27,154Net Assets 2017: $3,347,2642017Assets 2018: $3,801,909Liabilities 2018: $47,382Net Assets 2018: $3,754,5272018Assets 2019: $4,184,616Liabilities 2019: $59,704Net Assets 2019: $4,124,9122019Assets 2020: $4,422,670Liabilities 2020: $5,646Net Assets 2020: $4,417,0242020Assets 2021: $2,461,575Liabilities 2021: $423,728Net Assets 2021: $2,037,8472021Assets 2022: $2,455,827Liabilities 2022: $43,977Net Assets 2022: $2,411,8502022Assets 2023: $4,192,524Liabilities 2023: $453,875Net Assets 2023: $3,738,6492023Assets 2024: $5,261,121Liabilities 2024: $333,450Net Assets 2024: $4,927,6712024Assets 2025: $2,393,468Liabilities 2025: $62,155Net Assets 2025: $2,331,3132025

Highlighted filing

2019

Assets$4,184,616
Liabilities$59,704
Net Assets$4,124,912

Operations Trend

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

$6.0M$4.0M$2.0M$0-$2.0M-$4.0MExpenses 2011: $1,126,0282011Expenses 2012: $1,199,1342012Expenses 2013: $1,344,5692013Revenue 2014: $1,474,453Expenses 2014: $1,058,397Net Income 2014: $416,0562014Revenue 2015: $1,643,229Expenses 2015: $993,413Net Income 2015: $649,8162015Revenue 2016: $1,670,545Expenses 2016: $951,668Net Income 2016: $718,8772016Revenue 2017: $1,719,073Expenses 2017: $1,095,109Net Income 2017: $623,9642017Revenue 2018: $1,748,049Expenses 2018: $1,340,786Net Income 2018: $407,2632018Revenue 2019: $1,744,553Expenses 2019: $1,374,168Net Income 2019: $370,3852019Revenue 2020: $1,490,997Expenses 2020: $1,198,885Net Income 2020: $292,1122020Revenue 2021: $1,278,746Expenses 2021: $3,657,923Net Income 2021: -$2,379,1772021Revenue 2022: $2,350,242Expenses 2022: $1,976,239Net Income 2022: $374,0032022Revenue 2023: $3,161,134Expenses 2023: $1,834,335Net Income 2023: $1,326,7992023Revenue 2024: $2,871,842Expenses 2024: $1,682,820Net Income 2024: $1,189,0222024Revenue 2025: $3,013,362Expenses 2025: $4,487,929Net Income 2025: -$1,474,5672025

Highlighted filing

2019

Revenue$1,744,553
Expenses$1,374,168
Net Income$370,385
Jump To
Filing Snapshot
Filing Period
Jul 1, 2018 to Jun 30, 2019
Signed
Sep 24, 2019
Return Version
2018v3.1
Gross Receipts
$1,744,553
Mission and Program Overview

Mission

Promotes growth of tourism and hospitality to the kearney area.

Balance Sheet Detail
LineBeginningEndChange
Assets
Other Notes and Loans Receivable, Net$2,954,316$3,233,524▲ $279,208
Cash and Non-Interest-Bearing Accounts$607,957$541,588▼ $66,369
Savings and Temporary Cash Investments$120,486$323,187▲ $202,701
Accounts Receivable$81,550$57,652▼ $23,898
Land, Buildings, and Equipment, Net$7,831$7,298▼ $533
Prepaid Expenses and Deferred Charges$1,019$914▼ $105
Total Assets$3,801,909$4,184,616▲ $382,707
Other Assets Total$28,750$20,453▼ $8,297
Liabilities
Accounts Payable and Accrued Expenses$47,382$59,704▲ $12,322
Total Liabilities$47,382$59,704▲ $12,322
Net Assets / Fund Balance
Unrestricted Net Assets$3,754,527$4,124,912▲ $370,385
Total Net Assets Fund Balance$3,754,527$4,124,912▲ $370,385
Total Liabilities and Net Assets / Fund Balance$3,801,909$4,184,616▲ $382,707

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$7,298$45,310-
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseTotal
Roger JasnochPresidentFT$75,570$75,570

Board Members and Trustees

NameTitle
Paul YounesChairman
Tim MannleinVice-chairman
Ben HollBoard Member
Brad KernickBoard Member
John PayneBoard Member
Tammy JacksonBoard Member
Jackie PurdySecretary/treasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$1,694,835
Investment Income
$3,537
Other Revenue
$46,181
Change in Net Assets
$370,385

Audited Revenue Reconciliation

Revenue per Audited Statements
$1,744,553
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$0
Total Revenue per Audited Statements
$1,744,553
Total Revenue per Form 990
$1,744,553
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$1,080,525
Salaries, Compensation, and Employee Benefits$293,643
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$57,769$134,794-$192,563
Advertising$147,810$16,328-$164,138
Current Officers, Directors, Trustees, and Key Employees$22,671$52,899-$75,570
Fees for Services Accounting-$32,134-$32,134
Occupancy$4,129$20,329-$24,458
Payroll Taxes$6,242$14,564-$20,806
All Other Expenses$13,037$6,180-$19,217
Travel$14,162$4,280-$18,442
Information Technology-$15,871-$15,871
Other Expenses$5,809$5,809-$11,618
Insurance$1,395$5,578-$6,973
Office Expenses$1,631$4,893-$6,524
Other Employee Benefits$1,411$3,293-$4,704
Depreciation Depletion-$3,759-$3,759
Total Functional Expenses$1,046,588$327,580$0$1,374,168

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$1,374,168
Total Expenses per Audited Statements$1,374,168
Total Expenses per Form 990$1,374,168
Expenses Not Reported on Financial Statements$0
Expenses Not Reported on Form 990$0
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
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Audit committee
No
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
No
Other officer compensation reviewed
Yes
Conflict-of-interest policy
No
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

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

The tax return was given to the governing body for approval before filing with the irs.

Form 990, Part VI, Section B, line 15B

Employees undergo a review every year to discuss wages

Form 990, Part VI, Section C, line 19

Organizations documents are available for review upon request at the entity's location.

Filing and Contact Details

Filer

Filer Name
Kearney Visitors Bureau
EIN
86-1176325
Phone
3082373101
Address
PO BOX 607, KEARNEY, NE 68847

Signing Officer

Name
Brad Kernick
Title
Chairman
Phone
3082373101
Signed
2019-09-24
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Brad Kernick
Formed
1981
Legal Domicile
Ne
Voting Board Members
7
Independent Board Members
7
Employees
13
Volunteers
0

Preparer

Firm
KSO CPA's PC
Address
404 E 25TH STREET, KEARNEY, NE 68847
Preparer
Mindy M Oman CPA
Phone
3082345565
Supplemental Narrative

Financial Statement Notes

Part X, Line 2:

Accounting principles generally accepted in the united states of america require management to evaluate tax positions taken by the organization and recognize a tax liability (or asset) if the organization has taken an uncertain position that more likely than not would not be sustained upon examination by the internal revenue service. The organization is subject to routine audits by taxing jurisdictions; however, there are currently no audits for any tax periods in progress. Management believes it is no longer subject to income tax examinations for years prior to 2016. The organization's policy is to include penalties and interest associated with income taxes as income tax expense and interest expense, respectively. The organization did not incur any penalties or interest on income taxes for the period being reported on.

Raw XML Appendix385 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.

Path#Value
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IRS990/PYInvestmentIncomeAmt0669
IRS990/PYOtherExpensesAmt01064977
IRS990/PYOtherRevenueAmt0-221
IRS990/PYProgramServiceRevenueAmt01747601
IRS990/PYRevenuesLessExpensesAmt0407263
IRS990/PYSalariesCompEmpBnftPaidAmt0275809
IRS990/PYTotalExpensesAmt01340786
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt01748049
IRS990/ReconcilationRevenueExpnssAmt0370385
IRS990/RelatedEntityInd00
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd00
IRS990/ReportProgramRelatedInvstInd00
IRS990/SavingsAndTempCashInvstGrp/BOYAmt0120486
IRS990/SavingsAndTempCashInvstGrp/EOYAmt0323187
IRS990/ScheduleBRequiredInd00
IRS990ScheduleD/EquipmentGrp/BookValueAmt07298
IRS990ScheduleD/EquipmentGrp/DepreciationAmt045310
IRS990ScheduleD/EquipmentGrp/InvestmentCostOrOtherBasisAmt052608
IRS990ScheduleD/ExpensesNotReportedAmt00
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt00
IRS990ScheduleD/ExpensesSubtotalAmt01374168
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/RevenueNotReportedAmt00
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt00
IRS990ScheduleD/RevenueSubtotalAmt01744553
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0ACCOUNTING PRINCIPLES GENERALLY ACCEPTED IN THE UNITED STATES OF AMERICA REQUIRE MANAGEMENT TO EVALUATE TAX POSITIONS TAKEN BY THE ORGANIZATION AND RECOGNIZE A TAX LIABILITY (OR ASSET) IF THE ORGANIZATION HAS TAKEN AN UNCERTAIN POSITION THAT MORE LIKELY THAN NOT WOULD NOT BE SUSTAINED UPON EXAMINATION BY THE INTERNAL REVENUE SERVICE. THE ORGANIZATION IS SUBJECT TO ROUTINE AUDITS BY TAXING JURISDICTIONS; HOWEVER, THERE ARE CURRENTLY NO AUDITS FOR ANY TAX PERIODS IN PROGRESS. MANAGEMENT BELIEVES IT IS NO LONGER SUBJECT TO INCOME TAX EXAMINATIONS FOR YEARS PRIOR TO 2016. THE ORGANIZATION'S POLICY IS TO INCLUDE PENALTIES AND INTEREST ASSOCIATED WITH INCOME TAXES AS INCOME TAX EXPENSE AND INTEREST EXPENSE, RESPECTIVELY. THE ORGANIZATION DID NOT INCUR ANY PENALTIES OR INTEREST ON INCOME TAXES FOR THE PERIOD BEING REPORTED ON.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0Part X, Line 2:
IRS990ScheduleD/TotalBookValueLandBuildingsAmt07298
IRS990ScheduleD/TotalExpensesPerForm990Amt01374168
IRS990ScheduleD/TotalRevenuePerForm990Amt01744553
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt01744553
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt01374168
IRS990/ScheduleJRequiredInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE TAX RETURN WAS GIVEN TO THE GOVERNING BODY FOR APPROVAL BEFORE FILING WITH THE IRS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1EMPLOYEES UNDERGO A REVIEW EVERY YEAR TO DISCUSS WAGES
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2ORGANIZATIONS DOCUMENTS ARE AVAILABLE FOR REVIEW UPON REQUEST AT THE ENTITY'S LOCATION.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Form 990, Part VI, Section B, line 11b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Form 990, Part VI, Section B, line 15b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Form 990, Part VI, Section C, line 19
IRS990/SchoolOperatingInd00
IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
IRS990/SubjectToExcsTaxNetInvstIncInd00
IRS990/SubjectToProxyTaxInd00
IRS990/SubjToTaxRmnrtnExPrchtPymtInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TempOrPermanentEndowmentsInd00
IRS990/TerminateOperationsInd00
IRS990/TotalAssetsBOYAmt03801909
IRS990/TotalAssetsEOYAmt04184616
IRS990/TotalAssetsGrp/BOYAmt03801909
IRS990/TotalAssetsGrp/EOYAmt04184616
IRS990/TotalCompGreaterThan150KInd00
IRS990/TotalEmployeeCnt013
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt0327580
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt01046588
IRS990/TotalFunctionalExpensesGrp/TotalAmt01374168
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt047382
IRS990/TotalLiabilitiesEOYAmt059704
IRS990/TotalLiabilitiesGrp/BOYAmt047382
IRS990/TotalLiabilitiesGrp/EOYAmt059704
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt03754527
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt04124912
IRS990/TotalOtherCompensationAmt00
IRS990/TotalProgramServiceExpensesAmt01046588
IRS990/TotalProgramServiceRevenueAmt01694835
IRS990/TotalReportableCompFromOrgAmt075570
IRS990/TotalRevenueGrp/ExclusionAmt00
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt01744553
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt01744553
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotalVolunteersCnt00
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt03801909
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt04184616
IRS990/TotReportableCompRltdOrgAmt00
IRS990/TravelGrp/ManagementAndGeneralAmt04280
IRS990/TravelGrp/ProgramServicesAmt014162
IRS990/TravelGrp/TotalAmt018442
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd00
IRS990/UnrestrictedNetAssetsGrp/BOYAmt03754527
IRS990/UnrestrictedNetAssetsGrp/EOYAmt04124912
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt0PO BOX 607
IRS990/USAddress/CityNm0KEARNEY
IRS990/USAddress/StateAbbreviationCd0NE
IRS990/USAddress/ZIPCd068847
IRS990/VotingMembersGoverningBodyCnt07
IRS990/VotingMembersIndependentCnt07
IRS990/WebsiteAddressTxt0http://www.visitkearney.org
IRS990/WhistleblowerPolicyInd00
ReturnHeader/BuildTS02020-04-17 16:48:07Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd01
ReturnHeader/BusinessOfficerGrp/PersonNm0BRAD KERNICK
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0CHAIRMAN
ReturnHeader/BusinessOfficerGrp/PhoneNum03082373101
ReturnHeader/BusinessOfficerGrp/SignatureDt02019-09-24
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0KEARNEY VISITORS BUREAU
ReturnHeader/Filer/BusinessNameControlTxt0KEAR
ReturnHeader/Filer/EIN0861176325
ReturnHeader/Filer/PhoneNum03082373101
ReturnHeader/Filer/USAddress/AddressLine1Txt0PO BOX 607
ReturnHeader/Filer/USAddress/CityNm0KEARNEY
ReturnHeader/Filer/USAddress/StateAbbreviationCd0NE
ReturnHeader/Filer/USAddress/ZIPCd068847
ReturnHeader/FilingSecurityInformation/AtSubmissionCreationDeviceId07B4A007095EC1F39685F3A09CD63521524E66E26
ReturnHeader/FilingSecurityInformation/AtSubmissionFilingDeviceId0726056E351E981B1FDA3997FCF7DBE3036B384A1
ReturnHeader/FilingSecurityInformation/FilingLicenseTypeCd0P
ReturnHeader/FilingSecurityInformation/IPAddress/IPv4AddressTxt024.51.32.179
ReturnHeader/FilingSecurityInformation/IPDt02019-09-24
ReturnHeader/FilingSecurityInformation/IPTimezoneCd0CD
ReturnHeader/FilingSecurityInformation/IPTm011:18:51
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0820692739
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0KSO CPA's PC
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt0404 E 25TH STREET
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0KEARNEY
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0NE
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd068847
ReturnHeader/PreparerPersonGrp/PhoneNum03082345565
ReturnHeader/PreparerPersonGrp/PreparationDt02019-09-24
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0MINDY M OMAN CPA
ReturnHeader/ReturnTs02019-12-19T15:42:00-06:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02018-07-01
ReturnHeader/TaxPeriodEndDt02019-06-30
ReturnHeader/TaxYr02018

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2025Detailed filing. Detailed filing data is available for this year.$2.39$0.06$2.33$3.01$4.49$1.47
2024Detailed filing. Detailed filing data is available for this year.$5.26$0.33$4.93$2.87$1.68$1.19
2023Detailed filing. Detailed filing data is available for this year.$4.19$0.45$3.74$3.16$1.83$1.33
2022Detailed filing. Detailed filing data is available for this year.$2.46$0.04$2.41$2.35$1.98$0.37
2021Detailed filing. Detailed filing data is available for this year.$2.46$0.42$2.04$1.28$3.66$2.38
2020Detailed filing. Detailed filing data is available for this year.$4.42$0.01$4.42$1.49$1.20$0.29
2019Detailed filing. Detailed filing data is available for this year.$4.18$0.06$4.12$1.74$1.37$0.37
2018Detailed filing. Detailed filing data is available for this year.$3.80$0.05$3.75$1.75$1.34$0.41
2017Detailed filing. Detailed filing data is available for this year.$3.37$0.03$3.35$1.72$1.10$0.62
2016Detailed filing. Detailed filing data is available for this year.$2.87$0.15$2.72$1.67$0.95$0.72
2015Detailed filing. Detailed filing data is available for this year.$2.62$0.61$2.00$1.64$0.99$0.65
2014Detailed filing. Detailed filing data is available for this year.$2.37$1.01$1.35$1.47$1.06$0.42
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$2.06$1.12$0.94$1.34
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.99$1.20$0.79$1.20
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.13$0.56$0.56$1.13
Peer Organizations

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