Civic Intelligence

Visitors and Convention Bureau of Thurston County

990 • Fiscal year 2017 • EIN 91-1735847

Jan 01, 2017 to Dec 31, 2017 • Filed on May 09, 2018

PO Box 7338Olympia, WA 98507

(360) 704-7544

Siviq Scores

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

Liabilities / Assets

42nd percentile

0.13x

Higher debt load relative to assets than 42% of similar nonprofits.

2017 filings • 501(c)6 • $1M-$5M nonprofits • Source year 2017

Liabilities / Revenue

25th percentile

0.04x

Higher debt load relative to revenue than 25% of similar nonprofits.

2017 filings • 501(c)6 • $1M-$5M nonprofits • Source year 2017

Net Margin

30th percentile

-0.7%

Higher net margin than 30% of similar nonprofits.

2017 filings • 501(c)6 • $1M-$5M nonprofits • Source year 2017

Top Officer Pay

35th percentile

$99,520

Higher top officer pay than 35% of similar nonprofits.

Top officer pay equals 7.9% of source-year revenue.

2017 filings • 501(c)6 • $1M-$5M nonprofits • Source year 2017

Asset Growth

36th percentile

1.3%

Faster asset growth than 36% of similar nonprofits.

2017 filings • 501(c)6 • $1M-$5M nonprofits • Annualized from 2016 to 2017

Revenue Growth

82nd percentile

17%

Faster revenue growth than 82% of similar nonprofits.

2017 filings • 501(c)6 • $1M-$5M nonprofits • Annualized from 2016 to 2017

Assets

Up

$437,536

Up $5,433 (+1.3%) from 2016

Net Assets

Down

$382,204

Down $29,542 (-7.2%) from 2016

Liabilities

Up

$55,332

Up $34,975 (+172%) from 2016

Revenue

Up

$1,251,903

Up $179,799 (+17%) from 2016

Expenses

Up

$1,260,162

Up $327,593 (+35%) from 2016

Net Income

Down

-$8,259

Down $147,794 (-106%) from 2016

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 2010: $84,461Liabilities 2010: $41,576Net Assets 2010: $42,8852010Assets 2011: $44,342Liabilities 2011: $4,286Net Assets 2011: $40,0562011Assets 2012: $48,686Liabilities 2012: $1,751Net Assets 2012: $46,9352012Assets 2013: $29,355Liabilities 2013: $2,184Net Assets 2013: $27,1712013Assets 2014: $173,931Liabilities 2014: $14,776Net Assets 2014: $159,1552014Assets 2015: $275,923Liabilities 2015: $3,212Net Assets 2015: $272,7112015Assets 2016: $432,103Liabilities 2016: $20,357Net Assets 2016: $411,7462016Assets 2017: $437,536Liabilities 2017: $55,332Net Assets 2017: $382,2042017Assets 2018: $455,908Liabilities 2018: $68,359Net Assets 2018: $387,5492018Assets 2019: $605,343Liabilities 2019: $47,187Net Assets 2019: $558,1562019Assets 2020: $868,952Liabilities 2020: $16,915Net Assets 2020: $852,0372020Assets 2021: $1,119,237Liabilities 2021: $30,111Net Assets 2021: $1,089,1262021Assets 2022: $1,075,291Liabilities 2022: $29,590Net Assets 2022: $1,045,7012022Assets 2023: $1,242,802Liabilities 2023: $173,753Net Assets 2023: $1,069,0492023Assets 2024: $1,224,851Liabilities 2024: $155,626Net Assets 2024: $1,069,2252024

Highlighted filing

2017

Assets$437,536
Liabilities$55,332
Net Assets$382,204

Operations Trend

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

$1.5M$1.0M$500K$0-$500KExpenses 2010: $288,1052010Expenses 2011: $278,4432011Expenses 2012: $276,5332012Revenue 2013: $300,863Expenses 2013: $320,627Net Income 2013: -$19,7642013Revenue 2014: $692,866Expenses 2014: $560,882Net Income 2014: $131,9842014Revenue 2015: $1,056,767Expenses 2015: $926,928Net Income 2015: $129,8392015Revenue 2016: $1,072,104Expenses 2016: $932,569Net Income 2016: $139,5352016Revenue 2017: $1,251,903Expenses 2017: $1,260,162Net Income 2017: -$8,2592017Revenue 2018: $1,227,207Expenses 2018: $1,221,862Net Income 2018: $5,3452018Revenue 2019: $1,424,004Expenses 2019: $1,260,602Net Income 2019: $163,4022019Revenue 2020: $1,140,102Expenses 2020: $846,221Net Income 2020: $293,8812020Revenue 2021: $1,257,776Expenses 2021: $1,020,438Net Income 2021: $237,3382021Revenue 2022: $1,304,376Expenses 2022: $1,340,783Net Income 2022: -$36,4072022Revenue 2023: $1,379,093Expenses 2023: $1,356,363Net Income 2023: $22,7302023Revenue 2024: $1,434,722Expenses 2024: $1,436,175Net Income 2024: -$1,4532024

Highlighted filing

2017

Revenue$1,251,903
Expenses$1,260,162
Net Income-$8,259
Jump To
Filing Snapshot
Filing Period
Jan 1, 2017 to Dec 31, 2017
Signed
May 9, 2018
Return Version
2017v2.2
Gross Receipts
$1,251,903
Mission and Program Overview

Mission

We strengthen the region's economy by developing meaningful experiences and promoting travel to vibrant thurston county.

Balance Sheet Detail
LineBeginningEndChange
Assets
Rtn Earn Endowment Incm Other Fnds$411,746$382,204▼ $29,542
Cash and Non-Interest-Bearing Accounts$378,276$338,295▼ $39,981
Accounts Receivable$40,408$27,788▼ $12,620
Land, Buildings, and Equipment, Net$11,174$22,084▲ $10,910
Savings and Temporary Cash Investments$2,245$0▼ $2,245
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-
Prepaid Expenses and Deferred Charges-$0-
Total Assets$432,103$437,536▲ $5,433
Other Assets Total-$49,369-
Liabilities
Accounts Payable and Accrued Expenses$20,357$55,332▲ $34,975
Total Liabilities$20,357$55,332▲ $34,975
Net Assets / Fund Balance
Total Net Assets Fund Balance$411,746$382,204▼ $29,542
Total Liabilities and Net Assets / Fund Balance$432,103$437,536▲ $5,433

Asset Categories

AssetBook ValueDepreciationBasis
Other Land Buildings$22,084$10,703$32,787
Other Assets Org$49,369--
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseTotal
Shauna StewartCEOFT$99,520$99,520

Board Members and Trustees

Revenue and Support

Revenue Composition

Contributions and Grants
$75,273
Program Service Revenue
$1,176,013
Investment Income
$617
Other Revenue
$0
All Other Contributions
$50,673
Change in Net Assets
$-8,259
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$828,982
Salaries, Compensation, and Employee Benefits$431,180
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Advertising---$368,452
Other Salaries and Wages---$265,547
All Other Expenses---$99,796
Current Officers, Directors, Trustees, and Key Employees---$99,520
Occupancy---$43,996
Payroll Taxes---$36,874
Other Employee Benefits---$29,239
Fees for Services Other---$27,418
Other Expenses---$26,199
Information Technology---$25,305
Conferences and Meetings---$24,830
Fees for Services Legal---$23,533
Travel---$12,623
Fees for Services Accounting---$6,590
Depreciation Depletion---$3,067
Insurance---$1,307
Total Functional Expenses$0$0$0$1,260,162
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
In-house lobbying only
Yes
Subject to proxy tax
Yes
Insider Transactions and Loans

Loans and Receivables

Line ItemBeginningEndChange
Receivables from Disqualified Persons-$0-
Receivables from Officers, Directors, Trustees, and Key Employees-$0-
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
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

Form 990 is reviewed by the Board's Treasurer before filing. Copies of Form 990 are available to all Directors

Form 990, Part VI, Line 12C: Explanation of Monitoring and Enforcement of Conflicts

Board members are responsible for providing information regarding conflicts of interest and to recuse themselves from the decision making process of related items.

Form 990, Part VI, Line 15A: Compensation Review & Approval Process - CEO, Top Management

The Executive Director undergoes an annual review during which compensation is analyzed using comparability data and is updated as needed.

Form 990, Part VI, Line 18: Explanation of Other Means Forms Available For Public Inspection

The Organization responds to written requests.

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

The Organization responds to written requests.

Filing and Contact Details

Filer

Filer Name
Visitors and Convention Bureau
EIN
91-1735847
Phone
3607047544
Address
PO Box 7338, Olympia, WA 98507

Signing Officer

Name
Shauna Stewart
Title
Executive Director
Signed
2018-05-09
Discuss with paid preparer
Yes

Organization Details

Formed
1996
Legal Domicile
Wa
Voting Board Members
17
Independent Board Members
17
Employees
9
Volunteers
17

Preparer

Firm
McSwain and Company PS
Address
612 Woodland Square Loop SE Suite 3, Lacey, WA 98503
Preparer
Jeff Hollingsworth CPA
Phone
3603579304
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IRS990/InformationTechnologyGrp/TotalAmt025305
IRS990/InsuranceGrp/TotalAmt01307
IRS990/IntangibleAssetsGrp/EOYAmt00
IRS990/InterestGrp/TotalAmt00
IRS990/InventoriesForSaleOrUseGrp/EOYAmt00
IRS990/InvestmentIncomeGrp/ExclusionAmt0617
IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt0617
IRS990/InvestmentInJointVentureInd0false
IRS990/InvestmentsOtherSecuritiesGrp/EOYAmt00
IRS990/InvestmentsProgramRelatedGrp/EOYAmt00
IRS990/InvestmentsPubTradedSecGrp/EOYAmt00
IRS990/InvestTaxExemptBondsInd0false
IRS990/IRPDocumentCnt00
IRS990/IRPDocumentW2GCnt00
IRS990/LandBldgEquipAccumDeprecAmt010703
IRS990/LandBldgEquipBasisNetGrp/BOYAmt011174
IRS990/LandBldgEquipBasisNetGrp/EOYAmt022084
IRS990/LandBldgEquipCostOrOtherBssAmt032787
IRS990/LegalDomicileStateCd0WA
IRS990/LicensedMoreThanOneStateInd0false
IRS990/LoanOutstandingInd0false
IRS990/LocalChaptersInd0false
IRS990/MaterialDiversionOrMisuseInd0false
IRS990/MembershipDuesAmt024600
IRS990/MembersOrStockholdersInd0false
IRS990/MethodOfAccountingAccrualInd0X
IRS990/MinutesOfCommitteesInd0true
IRS990/MinutesOfGoverningBodyInd0true
IRS990/MissionDesc0We strengthen the region's economy by developing meaningful experiences and promoting travel to vibrant Thurston County.
IRS990/MoreThan5000KToIndividualsInd0false
IRS990/MoreThan5000KToOrgInd0false
IRS990/NetAssetsOrFundBalancesBOYAmt0411746
IRS990/NetAssetsOrFundBalancesEOYAmt0382204
IRS990/NetGainOrLossInvestmentsGrp/TotalRevenueColumnAmt00
IRS990/NetIncmFromFundraisingEvtGrp/TotalRevenueColumnAmt00
IRS990/NetIncomeFromGamingGrp/TotalRevenueColumnAmt00
IRS990/NetIncomeOrLossGrp/TotalRevenueColumnAmt00
IRS990/NetRentalIncomeOrLossGrp/TotalRevenueColumnAmt00
IRS990/NoListedPersonsCompensatedInd0X
IRS990/NondeductibleContributionsInd0false
IRS990/OccupancyGrp/TotalAmt043996
IRS990/OfficeExpensesGrp/TotalAmt00
IRS990/OfficerMailingAddressInd0false
IRS990/OnBehalfOfIssuerInd0false
IRS990/OperateHospitalInd0false
IRS990/Organization501cInd0X
IRS990/OrgDoesNotFollowSFAS117Ind0X
IRS990/OrgFiledInLieuOfForm1041Ind0false
IRS990/OtherAssetsTotalGrp/EOYAmt049369
IRS990/OtherEmployeeBenefitsGrp/TotalAmt029239
IRS990/OtherExpensesGrp/Desc0Website
IRS990/OtherExpensesGrp/Desc1Special Projects
IRS990/OtherExpensesGrp/Desc2Membership
IRS990/OtherExpensesGrp/Desc3Visitor Guide
IRS990/OtherExpensesGrp/TotalAmt083046
IRS990/OtherExpensesGrp/TotalAmt149131
IRS990/OtherExpensesGrp/TotalAmt233689
IRS990/OtherExpensesGrp/TotalAmt326199
IRS990/OtherInd0X
IRS990/OtherRevenueTotalAmt00
IRS990/OtherSalariesAndWagesGrp/TotalAmt0265547
IRS990/OthNotesLoansReceivableNetGrp/EOYAmt00
IRS990/PartialLiquidationInd0false
IRS990/PaymentsToAffiliatesGrp/TotalAmt00
IRS990/PayrollTaxesGrp/TotalAmt036874
IRS990/PensionPlanContributionsGrp/TotalAmt00
IRS990/PledgesAndGrantsReceivableGrp/EOYAmt00
IRS990/PoliticalCampaignActyInd0false
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt00
IRS990/PriorPeriodAdjustmentsAmt0-21283
IRS990/ProfessionalFundraisingInd0false
IRS990/ProgramServiceRevenueGrp/BusinessCd0900099
IRS990/ProgramServiceRevenueGrp/BusinessCd1511190
IRS990/ProgramServiceRevenueGrp/BusinessCd2541800
IRS990/ProgramServiceRevenueGrp/Desc0Lodging Tax
IRS990/ProgramServiceRevenueGrp/Desc1Miscellaneous
IRS990/ProgramServiceRevenueGrp/Desc2Promotional Contracts
IRS990/ProgramServiceRevenueGrp/Desc3Special Events
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt0251693
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt1915043
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt29277
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt0251693
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt1915043
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt29277
IRS990/ProgSrvcAccomActy2Grp/Desc0Advertise the region in travel and industry publications, broadcast media, and through direct selling to industry representatives.
IRS990/ProgSrvcAccomActy3Grp/Desc0Host an annual meeting to inform members and stakeholders of trends and activity in the tourism market.
IRS990/ProhibitedTaxShelterTransInd0false
IRS990/PYContributionsGrantsAmt047474
IRS990/PYInvestmentIncomeAmt0254
IRS990/PymtTravelEntrtnmntPubOfclGrp/TotalAmt00
IRS990/PYOtherExpensesAmt0542725
IRS990/PYProgramServiceRevenueAmt01024376
IRS990/PYRevenuesLessExpensesAmt0139535
IRS990/PYSalariesCompEmpBnftPaidAmt0389844
IRS990/PYTotalExpensesAmt0932569
IRS990/PYTotalRevenueAmt01072104
IRS990/RcvblFromDisqualifiedPrsnGrp/EOYAmt00
IRS990/ReceivablesFromOfficersEtcGrp/EOYAmt00
IRS990/ReconcilationRevenueExpnssAmt0-8259
IRS990/RegularMonitoringEnfrcInd0true
IRS990/RelatedEntityInd0false
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0true
IRS990/ReportOtherAssetsInd0true
IRS990/ReportOtherLiabilitiesInd0false
IRS990/ReportProgramRelatedInvstInd0false
IRS990/RoyaltiesGrp/TotalAmt00
IRS990/RoyaltiesRevenueGrp/TotalRevenueColumnAmt00
IRS990/RtnEarnEndowmentIncmOthFndsGrp/BOYAmt0411746
IRS990/RtnEarnEndowmentIncmOthFndsGrp/EOYAmt0382204
IRS990/SavingsAndTempCashInvstGrp/BOYAmt02245
IRS990/SavingsAndTempCashInvstGrp/EOYAmt00
IRS990/ScheduleBRequiredInd0false
IRS990ScheduleC/AgreeCarryoverPriorYearInd0false
IRS990ScheduleC/Form1120POLFiledInd0false
IRS990ScheduleC/OnlyInHouseLobbyingInd0true
IRS990ScheduleC/SubstantiallyAllDuesNondedInd0false
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt049369
IRS990ScheduleD/OtherAssetsOrgGrp/Desc0Prepaid Expenses
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt022084
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt010703
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt032787
IRS990ScheduleD/TotalBookValueLandBuildingsAmt022084
IRS990ScheduleD/TotalBookValueOtherAssetsAmt049369
IRS990/ScheduleJRequiredInd0false
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0Form 990 is reviewed by the Board's Treasurer before filing. Copies of Form 990 are available to all Directors
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1Board members are responsible for providing information regarding conflicts of interest and to recuse themselves from the decision making process of related items.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2The Executive Director undergoes an annual review during which compensation is analyzed using comparability data and is updated as needed.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3The Organization responds to written requests.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4The Organization responds to written requests.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Form 990, Part VI, Line 11b: Form 990 Review Process
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Form 990, Part VI, Line 12c: Explanation of Monitoring and Enforcement of Conflicts
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Form 990, Part VI, Line 15a: Compensation Review & Approval Process - CEO, Top Management
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3Form 990, Part VI, Line 18: Explanation of Other Means Forms Available For Public Inspection
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4Form 990, Part VI, Line 19: Other Organization Documents Publicly Available
IRS990/SchoolOperatingInd0false
IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/SubjectToProxyTaxInd0true
IRS990/TaxableDistributionsInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TempOrPermanentEndowmentsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt0432103
IRS990/TotalAssetsEOYAmt0437536
IRS990/TotalAssetsGrp/BOYAmt0432103
IRS990/TotalAssetsGrp/EOYAmt0437536
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalContributionsAmt075273
IRS990/TotalEmployeeCnt09
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00

Document Assets

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Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.22$0.16$1.07$1.43$1.44$0.00
2023XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.24$0.17$1.07$1.38$1.36$0.02
2022XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.08$0.03$1.05$1.30$1.34$0.04
2021XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.12$0.03$1.09$1.26$1.02$0.24
2020Detailed filing. Detailed filing data is available for this year.$0.87$0.02$0.85$1.14$0.85$0.29
2019XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.61$0.05$0.56$1.42$1.26$0.16
2018XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.46$0.07$0.39$1.23$1.22$0.01
2017Detailed filing. Detailed filing data is available for this year.$0.44$0.06$0.38$1.25$1.26$0.01
2016XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.43$0.02$0.41$1.07$0.93$0.14
2015Detailed filing. Detailed filing data is available for this year.$0.28$0.00$0.27$1.06$0.93$0.13
2014Summary only. Only limited summary data is available for this year.$0.17$0.01$0.16$0.69$0.56$0.13
2013Summary only. Only limited summary data is available for this year.$0.03$0.00$0.03$0.30$0.32$0.02
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.05$0.00$0.05$0.28
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.04$0.00$0.04$0.28
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.08$0.04$0.04$0.29