Civic Intelligence

Travel Salem

990 • Fiscal year 2015 • EIN 93-0865678

Jul 01, 2014 to Jun 30, 2015 • Filed on Nov 11, 2015

181 High Street NESalem, OR 97301

(503) 581-4325

Siviq Scores

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

Liabilities / Assets

49th percentile

0.18x

Higher debt load relative to assets than 49% of similar nonprofits.

2015 filings • 501(c)6 • $1M-$5M nonprofits • Source year 2015

Liabilities / Revenue

19th percentile

0.02x

Higher debt load relative to revenue than 19% of similar nonprofits.

2015 filings • 501(c)6 • $1M-$5M nonprofits • Source year 2015

Net Margin

35th percentile

0.3%

Higher net margin than 35% of similar nonprofits.

2015 filings • 501(c)6 • $1M-$5M nonprofits • Source year 2015

Top Officer Pay

33rd percentile

$97,200

Higher top officer pay than 33% of similar nonprofits.

Top officer pay equals 3.3% of source-year revenue.

2015 filings • 501(c)6 • $1M-$5M nonprofits • Source year 2015

Asset Growth

67th percentile

8.0%

Faster asset growth than 67% of similar nonprofits.

2015 filings • 501(c)6 • $1M-$5M nonprofits • Annualized from 2014 to 2015

Revenue Growth

47th percentile

2.9%

Faster revenue growth than 47% of similar nonprofits.

2015 filings • 501(c)6 • $1M-$5M nonprofits • Annualized from 2014 to 2015

Assets

Up

$307,359

Up $22,784 (+8.0%) from 2014

Net Assets

Up

$251,475

Up $7,464 (+3.1%) from 2014

Liabilities

Up

$55,884

Up $15,320 (+38%) from 2014

Revenue

Up

$2,904,842

Up $81,853 (+2.9%) from 2014

Expenses

Up

$2,897,378

Up $99,337 (+3.6%) from 2014

Net Income

Down

$7,464

Down $17,484 (-70%) from 2014

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: $281,773Liabilities 2011: $116,036Net Assets 2011: $165,7372011Assets 2012: $283,283Liabilities 2012: $107,057Net Assets 2012: $176,2262012Assets 2013: $270,621Liabilities 2013: $51,558Net Assets 2013: $219,0632013Assets 2014: $284,575Liabilities 2014: $40,564Net Assets 2014: $244,0112014Assets 2015: $307,359Liabilities 2015: $55,884Net Assets 2015: $251,4752015Assets 2017: $363,071Liabilities 2017: $65,085Net Assets 2017: $297,9862017Assets 2018: $246,719Liabilities 2018: $77,915Net Assets 2018: $168,8042018Assets 2019: $412,510Liabilities 2019: $79,374Net Assets 2019: $333,1362019Assets 2020: $785,200Liabilities 2020: $15,539Net Assets 2020: $769,6612020Assets 2021: $1,814,281Liabilities 2021: $418,532Net Assets 2021: $1,395,7492021Assets 2022: $3,237,636Liabilities 2022: $1,124,184Net Assets 2022: $2,113,4522022Assets 2023: $4,348,936Liabilities 2023: $1,628,805Net Assets 2023: $2,720,1312023Assets 2024: $4,055,946Liabilities 2024: $1,621,206Net Assets 2024: $2,434,7402024

Highlighted filing

2015

Assets$307,359
Liabilities$55,884
Net Assets$251,475

Operations Trend

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

$6.0M$4.0M$2.0M$0-$2.0MExpenses 2011: $2,611,0372011Revenue 2012: $3,929,947Expenses 2012: $3,919,458Net Income 2012: $10,4892012Revenue 2013: $2,632,027Expenses 2013: $2,589,190Net Income 2013: $42,8372013Revenue 2014: $2,822,989Expenses 2014: $2,798,041Net Income 2014: $24,9482014Revenue 2015: $2,904,842Expenses 2015: $2,897,378Net Income 2015: $7,4642015Revenue 2017: $3,759,241Expenses 2017: $3,893,599Net Income 2017: -$134,3582017Revenue 2018: $3,822,392Expenses 2018: $3,963,312Net Income 2018: -$140,9202018Revenue 2019: $4,411,793Expenses 2019: $4,247,461Net Income 2019: $164,3322019Revenue 2020: $4,207,858Expenses 2020: $3,771,333Net Income 2020: $436,5252020Revenue 2021: $4,311,015Expenses 2021: $3,684,927Net Income 2021: $626,0882021Revenue 2022: $5,433,877Expenses 2022: $4,716,174Net Income 2022: $717,7032022Revenue 2023: $2,928,523Expenses 2023: $2,302,916Net Income 2023: $625,6072023Revenue 2024: $2,489,879Expenses 2024: $2,775,270Net Income 2024: -$285,3912024

Highlighted filing

2015

Revenue$2,904,842
Expenses$2,897,378
Net Income$7,464
Jump To
Filing Snapshot
Filing Period
Jul 1, 2014 to Jun 30, 2015
Signed
Nov 11, 2015
Return Version
2014v5.0
Gross Receipts
$2,904,842
Mission and Program Overview

Mission

To promote the City of Salem and the surrounding region as a premier visitor destination.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$181,119$168,438▼ $12,681
Cash and Non-Interest-Bearing Accounts$86,641$115,553▲ $28,912
Prepaid Expenses and Deferred Charges$6,848$13,102▲ $6,254
Accounts Receivable$4,967$5,266▲ $299
Other Notes and Loans Receivable, Net$5,000$5,000→ $0
Total Assets$284,575$307,359▲ $22,784
Liabilities
Accounts Payable and Accrued Expenses$12,107$48,430▲ $36,323
Unsecured Notes Loans Payable$10,106--
Other Liabilities$18,351$7,454▼ $10,897
Total Liabilities$40,564$55,884▲ $15,320
Net Assets / Fund Balance
Unrestricted Net Assets$244,011$229,475▼ $14,536
Temporarily Rstr Net Assets-$22,000-
Total Net Assets Fund Balance$244,011$251,475▲ $7,464
Total Liabilities and Net Assets / Fund Balance$284,575$307,359▲ $22,784

Asset Categories

AssetBook ValueDepreciationBasis
Leasehold Improvements$167,697$70,320$238,017
Equipment$741$11,206$11,947
Other Land Buildings-$6,008$6,008
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseTotal
Angie MorrisCEOFT$97,200$97,200

Board Members and Trustees

NameTitle
Steve JohnsonChair
Austin McGuiganPast Chair
Jim RasmussenVice Chair
Toby OlsenSecretary
Dwane BrennemanTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$25,975
Program Service Revenue
$906,729
Investment Income
$0
Other Revenue
$1,972,138
All Other Contributions
$675
Change in Net Assets
$7,464

Noncash Contribution Practices

Reviewed unusual noncash gifts
No
Third parties used for noncash contributions
No
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$2,301,337
Salaries, Compensation, and Employee Benefits$596,041
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
All Other Expenses$2,063,721$4,719-$2,068,440
Other Salaries and Wages$390,125$1,988-$392,113
Current Officers, Directors, Trustees, and Key Employees$87,480$9,720-$97,200
Occupancy$54,217$1,577-$55,794
Other Employee Benefits$55,130$-5,029-$50,101
Payroll Taxes$46,496$874-$47,370
Fees for Services Other$42,477$3,776-$46,253
Travel$15,213$2,285-$17,498
Information Technology$14,019$1,624-$15,643
Advertising$15,183--$15,183
Depreciation Depletion$100$12,581-$12,681
Pension Plan Contributions$8,957$300-$9,257
Office Expenses$6,844$749-$7,593
Other Expenses$4,375$309-$4,375
Insurance$811$2,619-$3,430
Interest$277$31-$308
Total Functional Expenses$2,856,867$40,511$0$2,897,378
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
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Federal income taxes$7,454
Deferred Revenue-
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
Yes
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
No
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, Section B, Line 11B

CEO reviews, then presents overview to Executive Committee

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

Annual signature signifying compliance

Form 990, Part VI, Section B, Line 15A

CEO Compensation determined by using comparability data

Form 990, Part VI, Section C, Line 19

Upon request

Form 990, Part VI, Section A, Line 6

Organization is comprised of various member groups

Filing and Contact Details

Filer

Filer Name
Travel Salem
EIN
93-0865678
Phone
5035814325
Address
181 High Street NE, Salem, OR 97301

Signing Officer

Name
Angie Morris
Title
CEO
Signed
2015-11-11
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Angie Morris
Formed
1984
Legal Domicile
Or
Voting Board Members
20
Independent Board Members
20
Employees
14

Preparer

Firm
Vanlue PC
Address
1174 Cornucopia Street NW Suite 250, Salem, OR 97304
Preparer
Donald G Vanlue
Phone
5035877954
Supplemental Narrative

Additional Explanations

Form 990, Part IX, Line 24E

Equipment - 7296 Program, 681 Mgmt General

Form 990, Part IX, Line 24E

Subscriptions, Fees Dues - 18689 Program, 1473 Mgmt General

Form 990, Part IX, Line 24E

Merchant Fees - 215 Program, 1243 Mgmt General

Form 990, Part IX, Line 24E

Tours Site Visits - 416 Program

Form 990, Part IX, Line 24E

Travel Entertainment - 36637 Program, 590 Mgmt General

Form 990, Part IX, Line 24E

List Rental - 60 Program

Form 990, Part IX, Line 24E

Agility Fund- 24036 Program

Form 990, Part IX, Line 24E

Misc Exp - 1366 Program, 103 Mgmt General Training - 3150 Program, 350 Mgmt General

Form 990, Part IX, Line 24E

Leverage/In-Kind Services - 1971857 Program, 281 Mgmt General

Form 990, Part XI, Line 9

Temporarily Restricted Revenue

Raw XML Appendix398 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.

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IRS990/RelatedEntityInd0false
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0true
IRS990/ReportOtherAssetsInd0false
IRS990/ReportOtherLiabilitiesInd0true
IRS990/ReportProgramRelatedInvstInd0false
IRS990/RevenueAmt02904842
IRS990/RoyaltiesGrp/TotalAmt00
IRS990/ScheduleBRequiredInd0false
IRS990ScheduleD/EquipmentGrp/BookValueAmt0741
IRS990ScheduleD/EquipmentGrp/DepreciationAmt011206
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt011947
IRS990ScheduleD/InclEscrowCustodialAcctLiabInd0false
IRS990ScheduleD/LeaseholdImprovementsGrp/BookValueAmt0167697
IRS990ScheduleD/LeaseholdImprovementsGrp/DepreciationAmt070320
IRS990ScheduleD/LeaseholdImprovementsGrp/OtherCostOrOtherBasisAmt0238017
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt06008
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt06008
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt07454
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0Federal income taxes
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc1Deferred Revenue
IRS990ScheduleD/OtherSecuritiesGrp/Desc0Financial derivatives and other financial products
IRS990ScheduleD/OtherSecuritiesGrp/Desc1Closely-held equity interests
IRS990ScheduleD/TotalBookValueLandBuildingsAmt0168438
IRS990ScheduleD/TotalLiabilityAmt07454
IRS990/ScheduleJRequiredInd0false
IRS990ScheduleM/ReviewProcessUnusualNCGiftsInd0false
IRS990ScheduleM/ThirdPartiesUsedInd0false
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0Equipment - 7296 Program, 681 Mgmt General
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1Subscriptions, Fees Dues - 18689 Program, 1473 Mgmt General
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2Merchant Fees - 215 Program, 1243 Mgmt General
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3Tours Site Visits - 416 Program
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4Travel Entertainment - 36637 Program, 590 Mgmt General
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5List Rental - 60 Program
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6Agility Fund- 24036 Program
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt7Misc Exp - 1366 Program, 103 Mgmt General Training - 3150 Program, 350 Mgmt General
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt8Leverage/In-Kind Services - 1971857 Program, 281 Mgmt General
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt9Temporarily Restricted Revenue
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt10CEO reviews, then presents overview to Executive Committee
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt11Annual signature signifying compliance
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt12CEO Compensation determined by using comparability data
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt13Upon request
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt14Organization is comprised of various member groups
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Form 990, Part IX, Line 24e
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Form 990, Part IX, Line 24e
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Form 990, Part IX, Line 24e
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3Form 990, Part IX, Line 24e
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4Form 990, Part IX, Line 24e
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5Form 990, Part IX, Line 24e
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc6Form 990, Part IX, Line 24e
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc7Form 990, Part IX, Line 24e
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc8Form 990, Part IX, Line 24e
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc9Form 990, Part XI, Line 9
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc10Form 990, Part VI, Section B, Line 11b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc11Form 990, Part VI, Section B, Line 12c
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc12Form 990, Part VI, Section B, Line 15a
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc13Form 990, Part VI, Section C, Line 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc14Form 990, Part VI, Section A, Line 6
IRS990/SchoolOperatingInd0false
IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/SubjectToProxyTaxInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TemporarilyRstrNetAssetsGrp/EOYAmt022000
IRS990/TempOrPermanentEndowmentsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt0284575
IRS990/TotalAssetsEOYAmt0307359
IRS990/TotalAssetsGrp/BOYAmt0284575
IRS990/TotalAssetsGrp/EOYAmt0307359
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalContributionsAmt025975
IRS990/TotalEmployeeCnt014
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt040511
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt02856867
IRS990/TotalFunctionalExpensesGrp/TotalAmt02897378
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt040564
IRS990/TotalLiabilitiesEOYAmt055884
IRS990/TotalLiabilitiesGrp/BOYAmt040564
IRS990/TotalLiabilitiesGrp/EOYAmt055884
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0244011
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0251475
IRS990/TotalProgramServiceExpensesAmt02856867
IRS990/TotalProgramServiceRevenueAmt0906729
IRS990/TotalReportableCompFromOrgAmt097200
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt02904842
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt0284575
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt0307359
IRS990/TravelGrp/ManagementAndGeneralAmt02285
IRS990/TravelGrp/ProgramServicesAmt015213
IRS990/TravelGrp/TotalAmt017498
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/UnrestrictedNetAssetsGrp/BOYAmt0244011
IRS990/UnrestrictedNetAssetsGrp/EOYAmt0229475
IRS990/UnsecuredNotesLoansPayableGrp/BOYAmt010106
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt0181 High Street NE
IRS990/USAddress/CityNm0Salem
IRS990/USAddress/StateAbbreviationCd0OR
IRS990/USAddress/ZIPCd097301
IRS990/VotingMembersGoverningBodyCnt020
IRS990/VotingMembersIndependentCnt020
IRS990/WhistleblowerPolicyInd0false
ReturnHeader/BuildTS02016-03-07 17:11:31Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0Angie Morris
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0CEO
ReturnHeader/BusinessOfficerGrp/SignatureDt02015-11-11
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0Travel Salem
ReturnHeader/Filer/BusinessNameControlTxt0TRAV
ReturnHeader/Filer/EIN0930865678
ReturnHeader/Filer/PhoneNum05035814325
ReturnHeader/Filer/USAddress/AddressLine1Txt0181 High Street NE
ReturnHeader/Filer/USAddress/CityNm0Salem
ReturnHeader/Filer/USAddress/StateAbbreviationCd0OR
ReturnHeader/Filer/USAddress/ZIPCd097301
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0Vanlue PC
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt01174 Cornucopia Street NW Suite 250
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0Salem
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0OR
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd097304
ReturnHeader/PreparerPersonGrp/PhoneNum05035877954
ReturnHeader/PreparerPersonGrp/PreparationDt02015-11-11
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0Donald G Vanlue
ReturnHeader/ReturnTs02015-11-11T01:01:59-00:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02014-07-01
ReturnHeader/TaxPeriodEndDt02015-06-30
ReturnHeader/TaxYr02014

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.$4.06$1.62$2.43$2.49$2.78$0.29
2023XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$4.35$1.63$2.72$2.93$2.30$0.63
2022Detailed filing. Detailed filing data is available for this year.$3.24$1.12$2.11$5.43$4.72$0.72
2021XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.81$0.42$1.40$4.31$3.68$0.63
2020XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.79$0.02$0.77$4.21$3.77$0.44
2019XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.41$0.08$0.33$4.41$4.25$0.16
2018Detailed filing. Detailed filing data is available for this year.$0.25$0.08$0.17$3.82$3.96$0.14
2017XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.36$0.07$0.30$3.76$3.89$0.13
2015Detailed filing. Detailed filing data is available for this year.$0.31$0.06$0.25$2.90$2.90$0.01
2014Detailed filing. Detailed filing data is available for this year.$0.28$0.04$0.24$2.82$2.80$0.02
2013Summary only. Only limited summary data is available for this year.$0.27$0.05$0.22$2.63$2.59$0.04
2012Summary only. Only limited summary data is available for this year.$0.28$0.11$0.18$3.93$3.92$0.01
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.28$0.12$0.17$2.61