Civic Intelligence

Visitor Development Fund Inc

990 • Fiscal year 2014 • EIN 93-1305252

Jul 01, 2013 to Jun 30, 2014 • Filed on May 15, 2015

1000 SW Broadway Suite 230097205

(503) 275-9750

Siviq Scores

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

Liabilities / Assets

99th percentile

2.95x

Higher debt load relative to assets than 99% of similar nonprofits.

2014 filings • 501(c)6 • $1M-$5M nonprofits • Source year 2014

Liabilities / Revenue

97th percentile

1.90x

Higher debt load relative to revenue than 97% of similar nonprofits.

2014 filings • 501(c)6 • $1M-$5M nonprofits • Source year 2014

Net Margin

4th percentile

-30%

Higher net margin than 4% of similar nonprofits.

2014 filings • 501(c)6 • $1M-$5M nonprofits • Source year 2014

Top Officer Pay

21st percentile

$0

Higher top officer pay than 21% of similar nonprofits.

Top officer pay equals 0.0% of source-year revenue.

2014 filings • 501(c)6 • $1M-$5M nonprofits • Source year 2014

Asset Growth

3rd percentile

-32%

Faster asset growth than 3% of similar nonprofits.

2014 filings • 501(c)6 • $1M-$5M nonprofits • Annualized from 2013 to 2014

Revenue Growth

Score unavailable

No value available

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

Source year 2014

Assets

Down

$1,004,608

Down $464,397 (-32%) from 2013

Net Assets

Down

-$1,962,466

Down $64,475 (-3.4%) from 2013

Liabilities

Down

$2,967,074

Down $399,922 (-12%) from 2013

Revenue

$1,563,080

No earlier filing loaded for comparison.

Expenses

Up

$2,027,478

Up $1,364,686 (+206%) from 2013

Net Income

-$464,398

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.

$10M$5.0M$0-$5.0MAssets 2011: $1,327,702Liabilities 2011: $2,241,771Net Assets 2011: -$914,0692011Assets 2012: $1,451,580Liabilities 2012: $2,295,145Net Assets 2012: -$843,5652012Assets 2013: $1,469,005Liabilities 2013: $3,366,996Net Assets 2013: -$1,897,9912013Assets 2014: $1,004,608Liabilities 2014: $2,967,074Net Assets 2014: -$1,962,4662014Assets 2015: $1,459,246Liabilities 2015: $3,262,340Net Assets 2015: -$1,803,0942015Assets 2016: $1,280,348Liabilities 2016: $2,253,316Net Assets 2016: -$972,9682016Assets 2017: $3,135,297Liabilities 2017: $2,469,470Net Assets 2017: $665,8272017Assets 2018: $5,943,961Liabilities 2018: $4,161,600Net Assets 2018: $1,782,3612018Assets 2019: $5,048,699Liabilities 2019: $4,056,825Net Assets 2019: $991,8742019Assets 2020: $7,625,312Liabilities 2020: $4,506,313Net Assets 2020: $3,118,9992020Assets 2021: $8,063,495Liabilities 2021: $4,438,163Net Assets 2021: $3,625,3322021Assets 2022: $9,399,717Liabilities 2022: $5,146,064Net Assets 2022: $4,253,6532022Assets 2023: $8,484,502Liabilities 2023: $2,650,648Net Assets 2023: $5,833,8542023Assets 2024: $8,087,189Liabilities 2024: $443,660Net Assets 2024: $7,643,5292024

Highlighted filing

2014

Assets$1,004,608
Liabilities$2,967,074
Net Assets-$1,962,466

Operations Trend

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

$6.0M$4.0M$2.0M$0-$2.0MExpenses 2011: $686,1582011Expenses 2012: $534,9202012Expenses 2013: $662,7922013Revenue 2014: $1,563,080Expenses 2014: $2,027,478Net Income 2014: -$464,3982014Revenue 2015: $1,570,250Expenses 2015: $1,115,612Net Income 2015: $454,6382015Revenue 2016: $1,587,803Expenses 2016: $1,767,111Net Income 2016: -$179,3082016Revenue 2017: $3,167,166Expenses 2017: $1,312,388Net Income 2017: $1,854,7782017Revenue 2018: $4,378,274Expenses 2018: $1,569,611Net Income 2018: $2,808,6632018Revenue 2019: $796,658Expenses 2019: $1,691,920Net Income 2019: -$895,2622019Revenue 2020: $4,149,293Expenses 2020: $1,572,680Net Income 2020: $2,576,6132020Revenue 2021: $541,855Expenses 2021: $106,657Net Income 2021: $435,1982021Revenue 2022: $1,322,451Expenses 2022: $681,249Net Income 2022: $641,2022022Revenue 2023: $1,669,357Expenses 2023: $2,318,246Net Income 2023: -$648,8892023Revenue 2024: $3,187,613Expenses 2024: $3,485,556Net Income 2024: -$297,9432024

Highlighted filing

2014

Revenue$1,563,080
Expenses$2,027,478
Net Income-$464,398
Jump To
Filing Snapshot
Filing Period
Jul 1, 2013 to Jun 30, 2014
Signed
May 15, 2015
Return Version
2013v4.0
Gross Receipts
$1,563,080
Mission and Program Overview

Mission

To plan, budget for and administer the expenditure of the allocation of revenues from the 2.5% increase in the multnomah county transient lodging tax and vehicle rental tax which shall be expended to attract visitors to portland and multnomah county that maximize hotel occupancy and vehicle rentals in the city of portland.

To attract visitors to portland that maximize hotel occupancy and vehicle rentals in the city.

Balance Sheet Detail
LineBeginningEndChange
Assets
Savings and Temporary Cash Investments$656,477$657,088▲ $611
Cash and Non-Interest-Bearing Accounts$812,528$347,520▼ $465,008
Pd in Cap Srpls Land Bldg Eqp Fund$0$0→ $0
Rtn Earn Endowment Incm Other Fnds$0$0→ $0
Cap Stk Tr Prin Current Funds$0$0→ $0
Total Assets$1,469,005$1,004,608▼ $464,397
Liabilities
Grants Payable$3,366,996$2,967,074▼ $399,922
Total Liabilities$3,366,996$2,967,074▼ $399,922
Net Assets / Fund Balance
Total Net Assets Fund Balance$-1,897,991$-1,962,466▼ $64,475
Total Liabilities and Net Assets / Fund Balance$1,469,005$1,004,608▼ $464,397
Compensation and Service Providers

Board Members and Trustees

NameTitle
Steve FaulstickChair
Sabrina RokovitzVice-chair
Amanda FritzCommittee Member
Chuck SellersCommittee Member
Dan SaltzmanCommittee Member
Diane MckeelCommittee Member
Harold PollinCommittee Member
Jatin PatelCommittee Member
Jim DodsonCommittee Member
Loretta SmithCommittee Member
Shirley CraddickCommittee Member
Tom HughesCommittee Member
Jeff MillerSecretary
Chris EricksonTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$1,560,991
Program Service Revenue
$0
Investment Income
$2,089
Other Revenue
$0
Change in Net Assets
$-464,398
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$2,022,183
Other Expenses$5,295
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Orgs---$2,022,183
Fees for Services Accounting---$4,060
Insurance---$1,169
Other Expenses---$16
Total Functional Expenses$0$0$0$2,027,478
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
93-0723862-501(c)(3)Support for Conventions and Meetings$1,672,827
36-4589390--Support for Conventions and Meetings$73,411
93-0336999--Support for Conventions and Meetings$50,000
20-1892090-501(c)(6)Support for Conventions and Meetings$48,465
45-3074375-501(c)(6)Support for Conventions and Meetings$41,000
26-1399945-501(c)(6)Support for Conventions and Meetings$39,400
94-3211472-GovernmentSupport for Conventions and Meetings$15,000
52-1052660--Support for Conventions and Meetings$12,000
93-6034757--Support for Conventions and Meetings$10,000
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
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
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
No
Other officer compensation reviewed
No
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 11

The 990 will be presented and reviewed at the next scheduled quarterly board of directors meeting.

Form 990, Part VI, Section C, Line 19

The organization makes its governing documents, conflict of interest policy, and financial statements available to the public upon request.

Filing and Contact Details

Filer

EIN
93-1305252
Phone
5032759750

Signing Officer

Name
Jeffrey Miller
Title
Board Secretary
Phone
5032759750
Signed
2015-05-15
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Jeffrey Miller
Formed
2001
Legal Domicile
Or
Voting Board Members
14
Independent Board Members
14
Employees
0
Volunteers
15

Preparer

Preparer
Sang Ahn
Phone
5032270581
Supplemental Narrative

Additional Explanations

FORM 990, PART XI, LINE 9:

Grants payable allocation difference 399,923.

Form 990, Part XI, Line 1

MODIFIED ACCRUAL

Raw XML AppendixShowing 400 of 420 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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IRS990ScheduleI/RecipientTable/CashGrantAmt773411
IRS990ScheduleI/RecipientTable/CashGrantAmt812000
IRS990ScheduleI/RecipientTable/IRCSectionDesc0501(C)(6)
IRS990ScheduleI/RecipientTable/IRCSectionDesc1501(C)(6)
IRS990ScheduleI/RecipientTable/IRCSectionDesc2501(C)(6)
IRS990ScheduleI/RecipientTable/IRCSectionDesc3501(C)(3)
IRS990ScheduleI/RecipientTable/IRCSectionDesc4GOVERNMENT
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt0SUPPORT FOR CONVENTIONS AND MEETINGS
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt1SUPPORT FOR CONVENTIONS AND MEETINGS
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt2SUPPORT FOR CONVENTIONS AND MEETINGS
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt3SUPPORT FOR CONVENTIONS AND MEETINGS
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt4SUPPORT FOR CONVENTIONS AND MEETINGS
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt5SUPPORT FOR CONVENTIONS AND MEETINGS
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt6SUPPORT FOR CONVENTIONS AND MEETINGS
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt7SUPPORT FOR CONVENTIONS AND MEETINGS
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt8SUPPORT FOR CONVENTIONS AND MEETINGS
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine10RIP CITY MANAGEMENT INC
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine11COMPTETITOR GROUP INC
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine12FEAST PORTLAND
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine13TRAVEL PORTLAND
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine14OREGON SPORTS AUTHORITY
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine15GRESHAM AREA CHAMBER OF COMMERCE
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine16WORLD FORESTRY CENTER
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine17METRO EXPO RECREATION COMMISSION
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine18PORTLAND MARRIOTT DOWNTOWN WATERFRONT
IRS990ScheduleI/RecipientTable/RecipientEIN0201892090
IRS990ScheduleI/RecipientTable/RecipientEIN1261399945
IRS990ScheduleI/RecipientTable/RecipientEIN2453074375
IRS990ScheduleI/RecipientTable/RecipientEIN3930723862
IRS990ScheduleI/RecipientTable/RecipientEIN4943211472
IRS990ScheduleI/RecipientTable/RecipientEIN5930336999
IRS990ScheduleI/RecipientTable/RecipientEIN6936034757
IRS990ScheduleI/RecipientTable/RecipientEIN7364589390
IRS990ScheduleI/RecipientTable/RecipientEIN8521052660
IRS990ScheduleI/RecipientTable/USAddress/AddressLine10ONE CENTER CRT SUITE 150
IRS990ScheduleI/RecipientTable/USAddress/AddressLine119477 WAPLES ST SUITE 150
IRS990ScheduleI/RecipientTable/USAddress/AddressLine12107 SE WASHINGTON ST SUITE 150
IRS990ScheduleI/RecipientTable/USAddress/AddressLine131000 SW BROADWAY SUITE 2300
IRS990ScheduleI/RecipientTable/USAddress/AddressLine141888 SW MADISON
IRS990ScheduleI/RecipientTable/USAddress/AddressLine15701 NE HOOD AVENUE
IRS990ScheduleI/RecipientTable/USAddress/AddressLine164033 SW CANYON RD
IRS990ScheduleI/RecipientTable/USAddress/AddressLine17777 NE MARTIN LUTHER KING JR BLVD
IRS990ScheduleI/RecipientTable/USAddress/AddressLine181401 SW NAITO PKWY
IRS990ScheduleI/RecipientTable/USAddress/City0PORTLAND
IRS990ScheduleI/RecipientTable/USAddress/City1SAN DIEGO
IRS990ScheduleI/RecipientTable/USAddress/City2PORTLAND
IRS990ScheduleI/RecipientTable/USAddress/City3PORTLAND
IRS990ScheduleI/RecipientTable/USAddress/City4PORTLAND
IRS990ScheduleI/RecipientTable/USAddress/City5GRESHAM
IRS990ScheduleI/RecipientTable/USAddress/City6PORTLAND
IRS990ScheduleI/RecipientTable/USAddress/City7PORTLAND
IRS990ScheduleI/RecipientTable/USAddress/City8PORTLAND
IRS990ScheduleI/RecipientTable/USAddress/State0OR
IRS990ScheduleI/RecipientTable/USAddress/State1CA
IRS990ScheduleI/RecipientTable/USAddress/State2OR
IRS990ScheduleI/RecipientTable/USAddress/State3OR
IRS990ScheduleI/RecipientTable/USAddress/State4OR
IRS990ScheduleI/RecipientTable/USAddress/State5OR
IRS990ScheduleI/RecipientTable/USAddress/State6OR
IRS990ScheduleI/RecipientTable/USAddress/State7OR
IRS990ScheduleI/RecipientTable/USAddress/State8OR
IRS990ScheduleI/RecipientTable/USAddress/ZIPCode097227
IRS990ScheduleI/RecipientTable/USAddress/ZIPCode192121
IRS990ScheduleI/RecipientTable/USAddress/ZIPCode297214
IRS990ScheduleI/RecipientTable/USAddress/ZIPCode397205
IRS990ScheduleI/RecipientTable/USAddress/ZIPCode497205
IRS990ScheduleI/RecipientTable/USAddress/ZIPCode597030
IRS990ScheduleI/RecipientTable/USAddress/ZIPCode697221
IRS990ScheduleI/RecipientTable/USAddress/ZIPCode797232
IRS990ScheduleI/RecipientTable/USAddress/ZIPCode897201
IRS990ScheduleI/SupplementalInformationDetail/ExplanationTxt0PRIOR TO PAYMENT OF AN INDIVIDUAL GRANT, THE GRANTEE HAS TO PROVIDE THE NUMBER OF HOTEL ROOMS AND CAR RENTAL USED, COPY OF INVOICE FOR RENTAL OF THE OREGON CONVENTION CENTER OR OTHER SUPPORTING DOCUMENTATION AS REQUESTED BY THE GRANT ADMINISTRATOR.
IRS990ScheduleI/SupplementalInformationDetail/FormAndLineReferenceDesc0PART I, LINE 2:
IRS990ScheduleI/Total501c3OrgCnt01
IRS990ScheduleI/TotalOtherOrgCnt08
IRS990/ScheduleJRequiredInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE 990 WILL BE PRESENTED AND REVIEWED AT THE NEXT SCHEDULED QUARTERLY BOARD OF DIRECTORS MEETING.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE ORGANIZATION MAKES ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2GRANTS PAYABLE ALLOCATION DIFFERENCE 399,923.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3MODIFIED ACCRUAL
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART VI, SECTION B, LINE 11
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, SECTION C, LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PART XI, LINE 9:
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PART XI, LINE 1
IRS990/SchoolOperatingInd00
IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
IRS990/StatesWhereCopyOfReturnIsFldCd0OR
IRS990/SubjectToProxyTaxInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TempOrPermanentEndowmentsInd00
IRS990/TerminateOperationsInd00
IRS990/TotalAssetsBOYAmt01469005
IRS990/TotalAssetsEOYAmt01004608
IRS990/TotalAssetsGrp/BOYAmt01469005
IRS990/TotalAssetsGrp/EOYAmt01004608
IRS990/TotalCompGreaterThan150KInd00
IRS990/TotalContributionsAmt01560991
IRS990/TotalEmployeeCnt00
IRS990/TotalFunctionalExpensesGrp/TotalAmt02027478
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt03366996
IRS990/TotalLiabilitiesEOYAmt02967074
IRS990/TotalLiabilitiesGrp/BOYAmt03366996
IRS990/TotalLiabilitiesGrp/EOYAmt02967074
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0-1897991
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0-1962466
IRS990/TotalOtherCompensationAmt00
IRS990/TotalReportableCompFromOrgAmt00
IRS990/TotalRevenueGrp/ExclusionAmt02089
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt00
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt01563080
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotalVolunteersCnt015
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt01469005
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt01004608
IRS990/TotReportableCompRltdOrgAmt00
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd00
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine101000 SW BROADWAY SUITE 2300
IRS990/USAddress/City0PORTLAND
IRS990/USAddress/State0OR
IRS990/USAddress/ZIPCode097205
IRS990/VotingMembersGoverningBodyCnt014
IRS990/VotingMembersIndependentCnt014
IRS990/WebsiteAddressTxt0N/A
IRS990/WhistleblowerPolicyInd00
ReturnHeader/BuildTS02016-04-25 22:37:26Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd01
ReturnHeader/BusinessOfficerGrp/PersonNm0JEFFREY MILLER
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0BOARD SECRETARY
ReturnHeader/BusinessOfficerGrp/PhoneNum05032759750
ReturnHeader/BusinessOfficerGrp/SignatureDt02015-05-15
ReturnHeader/Filer/BusinessName/BusinessNameLine10VISITOR DEVELOPMENT FUND INC

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.$8.09$0.44$7.64$3.19$3.49$0.30
2023Detailed filing. Detailed filing data is available for this year.$8.48$2.65$5.83$1.67$2.32$0.65
2022Detailed filing. Detailed filing data is available for this year.$9.40$5.15$4.25$1.32$0.68$0.64
2021Detailed filing. Detailed filing data is available for this year.$8.06$4.44$3.63$0.54$0.11$0.44
2020Detailed filing. Detailed filing data is available for this year.$7.63$4.51$3.12$4.15$1.57$2.58
2019Detailed filing. Detailed filing data is available for this year.$5.05$4.06$0.99$0.80$1.69$0.90
2018Detailed filing. Detailed filing data is available for this year.$5.94$4.16$1.78$4.38$1.57$2.81
2017Detailed filing. Detailed filing data is available for this year.$3.14$2.47$0.67$3.17$1.31$1.85
2016Detailed filing. Detailed filing data is available for this year.$1.28$2.25$0.97$1.59$1.77$0.18
2015Detailed filing. Detailed filing data is available for this year.$1.46$3.26$1.80$1.57$1.12$0.45
2014Detailed filing. Detailed filing data is available for this year.$1.00$2.97$1.96$1.56$2.03$0.46
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.47$3.37$1.90$0.66
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.45$2.30$0.84$0.53
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.33$2.24$0.91$0.69