Civic Intelligence

Oakland Convention & Visitors Bureau

EIN 94-3333076 • 501(c)6 • Oakland, CA

Profile

To increase tourisms economic impact on Oakland through destination development andbrand management.

481 Water StreetOakland, CA 94607

www.visitoakland.org

Siviq Scores

Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.

Liabilities / Assets

52nd percentile

0.16x

Higher debt load relative to assets than 52% of similar nonprofits.

501(c)6 • $1M-$5M nonprofits • Source year 2021

Liabilities / Revenue

57th percentile

0.22x

Higher debt load relative to revenue than 57% of similar nonprofits.

501(c)6 • $1M-$5M nonprofits • Source year 2021

Net Margin

60th percentile

7.6%

Higher net margin than 60% of similar nonprofits.

501(c)6 • $1M-$5M nonprofits • Source year 2021

Top Officer Pay

84th percentile

$272,061

Higher top officer pay than 84% of similar nonprofits.

Top officer pay equals 11.3% of source-year revenue.

501(c)6 • $1M-$5M nonprofits • Source year 2021

Asset Growth

85th percentile

23%

Faster asset growth than 85% of similar nonprofits.

501(c)6 • $1M-$5M nonprofits • Annualized from 2020 to 2021

Revenue Growth

3rd percentile

-41%

Faster revenue growth than 3% of similar nonprofits.

501(c)6 • $1M-$5M nonprofits • Annualized from 2020 to 2021

Assets

Up

$3,323,849

Up $618,255 (+23%) from 2020

Liabilities

Up

$519,802

Up $435,086 (+514%) from 2020

Net Assets

Up

$2,804,047

Up $183,169 (+7.0%) from 2020

Revenue

Down

$2,403,964

Down $1,675,406 (-41%) from 2020

Expenses

Down

$2,220,795

Down $2,058,599 (-48%) from 2020

Net Income

Up

$183,169

Up $383,193 (+192%) from 2020

Trend Graphs

Balance Sheet Trend

Grouped bars show assets, liabilities, and net assets across loaded filings.

$4.0M$3.0M$2.0M$1.0M$0Assets 2010: $770,674Liabilities 2010: $80,015Net Assets 2010: $690,6592010Assets 2011: $1,106,859Liabilities 2011: $154,151Net Assets 2011: $952,7082011Assets 2012: $1,431,046Liabilities 2012: $48,544Net Assets 2012: $1,382,5022012Assets 2013: $1,827,677Liabilities 2013: $157,013Net Assets 2013: $1,670,6642013Assets 2014: $1,562,701Liabilities 2014: $191,527Net Assets 2014: $1,371,1742014Assets 2015: $1,700,826Liabilities 2015: $186,994Net Assets 2015: $1,513,8322015Assets 2016: $2,767,914Liabilities 2016: $169,019Net Assets 2016: $2,598,8952016Assets 2017: $3,031,750Liabilities 2017: $101,659Net Assets 2017: $2,930,0912017Assets 2018: $2,709,290Liabilities 2018: $153,997Net Assets 2018: $2,555,2932018Assets 2019: $2,862,702Liabilities 2019: $137,725Net Assets 2019: $2,724,9772019Assets 2020: $2,705,594Liabilities 2020: $84,716Net Assets 2020: $2,620,8782020Assets 2021: $3,323,849Liabilities 2021: $519,802Net Assets 2021: $2,804,0472021

Highlighted filing

2021

Assets$3,323,849
Liabilities$519,802
Net Assets$2,804,047

Operations Trend

Revenue, expenses, and net income by year, with the latest filing highlighted.

$6.0M$4.0M$2.0M$0-$2.0MRevenue 2010: $669,880Expenses 2010: $766,249Net Income 2010: -$96,3692010Revenue 2011: $1,320,658Expenses 2011: $1,058,609Net Income 2011: $262,0492011Expenses 2012: $1,144,0922012Revenue 2013: $1,801,441Expenses 2013: $1,661,081Net Income 2013: $140,3602013Revenue 2014: $1,992,219Expenses 2014: $2,291,709Net Income 2014: -$299,4902014Revenue 2015: $2,459,279Expenses 2015: $2,316,621Net Income 2015: $142,6582015Revenue 2016: $4,054,139Expenses 2016: $2,969,074Net Income 2016: $1,085,0652016Revenue 2017: $4,303,586Expenses 2017: $3,972,390Net Income 2017: $331,1962017Revenue 2018: $5,055,757Expenses 2018: $5,551,780Net Income 2018: -$496,0232018Revenue 2019: $5,195,233Expenses 2019: $4,979,794Net Income 2019: $215,4392019Revenue 2020: $4,079,370Expenses 2020: $4,279,394Net Income 2020: -$200,0242020Revenue 2021: $2,403,964Expenses 2021: $2,220,795Net Income 2021: $183,1692021

Highlighted filing

2021

Revenue$2,403,964
Expenses$2,220,795
Net Income$183,169

Filings

Latest Detailed Filing

The latest 2021 filing currently has linked XML that has not been fully parsed yet. Showing the latest detailed filing from 2016 below.

Jump To
Filing Snapshot
Filing Period
Jul 1, 2015 to Jun 30, 2016
Signed
May 10, 2017
Return Version
2015v3.0
Gross Receipts
$4,063,662
Mission and Program Overview

Mission

To increase tourisms economic impact on Oakland through destination development andbrand management.

To increase tourisms economic impact on Oakland through destination development and brand management.

Balance Sheet Detail
LineBeginningEndChange
Assets
Accounts Receivable$678,266$1,358,176▲ $679,910
Savings and Temporary Cash Investments$544,071$644,071▲ $100,000
Cash and Non-Interest-Bearing Accounts$227,815$598,142▲ $370,327
Land, Buildings, and Equipment, Net$173,470$93,762▼ $79,708
Prepaid Expenses and Deferred Charges$67,141$72,744▲ $5,603
Inventories for Sale or Use$10,063$1,019▼ $9,044
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-
Total Assets$1,700,826$2,767,914▲ $1,067,088
Other Assets Total-$0-
Liabilities
Accounts Payable and Accrued Expenses$159,782$149,845▼ $9,937
Unsecured Notes Loans Payable$26,162$17,702▼ $8,460
Deferred Revenue$1,050$1,472▲ $422
Total Liabilities$186,994$169,019▼ $17,975
Net Assets / Fund Balance
Unrestricted Net Assets$1,456,811$2,561,933▲ $1,105,122
Temporarily Rstr Net Assets$57,021$36,962▼ $20,059
Total Net Assets Fund Balance$1,513,832$2,598,895▲ $1,085,063
Total Liabilities and Net Assets / Fund Balance$1,700,826$2,767,914▲ $1,067,088

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$28,680$121,214$149,894
Leasehold Improvements$56,284$87,714$143,998
Other Land Buildings$8,798$27,104$35,902

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2016$644,071---$644,071
2015$643,740-▲ $331-$644,071
2014$643,253-▲ $487-$643,740
2013-$642,463▲ $790-$643,253
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Alison BestCEOFT$206,727$26,269$232,996
Natalie AlvanezDirector of OperationsFT$119,014$24,060$143,074
Kimberly BardakianDirector of PRFT$100,931$10,239$111,170

Board Members and Trustees

NameTitle
Mark HochstatteChairman
Michael LeBlancChairman
Sima PatelVice Chair
Barbara LeslieDirector
Barney FonziDirector
CJ HirschfieldDirector
Carl ChanDirector
Dexter DavisDirector
Joel ParrotDirector
John AlbrechtDirector
Leonard CzarneckiDirector
Linda MeyerDirector
Lisa KershnerDirector
Mark ClementDirector
Mark EvertonDirector
Paul PatelDirector
Leslee StewartSecretary
Sam NassifSecretary
V Toni AdamsTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$3,992,717
Program Service Revenue
$54,135
Investment Income
$746
Other Revenue
$6,541
All Other Contributions
$6,725
Change in Net Assets
$1,085,065

Audited Revenue Reconciliation

Revenue per Audited Statements
$4,054,139
Revenue Not Reported on Form 990
$4,800
Total Revenue per Audited Statements
$4,058,939
Total Revenue per Form 990
$4,054,139
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$1,845,864
Salaries, Compensation, and Employee Benefits$1,123,210
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$625,794$80,965-$706,759
Advertising$390,704$553-$391,257
All Other Expenses$273,341$41,807-$315,148
Current Officers, Directors, Trustees, and Key Employees$231,847$25,760-$257,607
Conferences and Meetings$183,445$40-$183,485
Office Expenses$92,578$23,485-$116,063
Travel$99,268$1,158-$100,426
Fees for Services Accounting-$83,979-$83,979
Depreciation Depletion$75,221$4,486-$79,707
Payroll Taxes$67,375$8,595-$75,970
Fees for Services Legal$740$71,028-$71,768
Occupancy$62,645$6,845-$69,490
Other Employee Benefits$53,096$6,868-$59,964
Other Expenses$57,225$48-$57,273
Information Technology$56,071--$56,071
Fees for Services Other$36,983$4,361-$41,344
Pension Plan Contributions$20,256$2,654-$22,910
Interest-$1,340-$1,340
Total Functional Expenses$2,604,923$364,151$0$2,969,074

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$2,973,874
Expenses per Audited Statements$2,969,074
Total Expenses per Form 990$2,969,074
Expenses Not Reported on Form 990$4,800
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
Lobbying 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-
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 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, Line 11B: Form 990 Review Process

The Executive Director reviewed the Form 990, and it was then emailed to each memberof the Board before it was filed.

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

The Executive Committee of the Board reviews the DMAI salary survey every other yearto establish compensation for the CEO. The salary survey was most recently reviewedin September 2014. All members of the committee are independent persons, andsubstantiation of the deliberation is retained.

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

Governing documents, conflict of interest policy, Form 990, and financial statementsare available upon request.

Filing and Contact Details

Filer

Filer Name
Oakland Convention & Visitors Bureau
EIN
94-3333076
Phone
5108399000
Address
481 Water Street, Oakland, CA 94607

Signing Officer

Name
Michael LeBlanc
Title
Chairman
Signed
2017-05-10
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Mark Everton
Formed
1999
Legal Domicile
CA
Voting Board Members
16
Independent Board Members
16
Employees
18

Preparer

Firm
Iryna Ac
Address
1000 Broadway 200-G, Oakland, CA 94607
Preparer
Iryna Oreshkova CPA
Phone
5104679506
Supplemental Narrative

Additional Explanations

Form 990, Part IX, Line 24E: Other Expenses

Business relations: Column (A) - Total = $54221; Column (B) - Program Services = $53223; Column (C) - Management & General = $998; Column (D) - Fundraising = $0

Form 990, Part IX, Line 24E: Other Expenses

City of Oakland admin fee: Column (A) - Total = $37760; Column (B) - Program Services = $0; Column (C) - Management & General = $37760; Column (D) - Fundraising = $0

Form 990, Part IX, Line 24E: Other Expenses

Clipping service: Column (A) - Total = $20879; Column (B) - Program Services = $20879; Column (C) - Management & General = $0; Column (D) - Fundraising = $0

Form 990, Part IX, Line 24E: Other Expenses

Creative Development Brnd imag: Column (A) - Total = $37582; Column (B) - Program Services = $37582; Column (C) - Management & General = $0; Column (D) - Fundraising = $0

Form 990, Part IX, Line 24E: Other Expenses

CRM: Column (A) - Total = $25475; Column (B) - Program Services = $25475; Column (C) - Management & General = $0; Column (D) - Fundraising = $0

Form 990, Part IX, Line 24E: Other Expenses

Distribution: Column (A) - Total = $22686; Column (B) - Program Services = $22686; Column (C) - Management & General = $0; Column (D) - Fundraising = $0

Form 990, Part IX, Line 24E: Other Expenses

International representation: Column (A) - Total = $14110; Column (B) - Program Services = $14110; Column (C) - Management & General = $0; Column (D) - Fundraising = $0

Form 990, Part IX, Line 24E: Other Expenses

Other program expenses: Column (A) - Total = $39216; Column (B) - Program Services = $36662; Column (C) - Management & General = $2554; Column (D) - Fundraising = $0

Form 990, Part IX, Line 24E: Other Expenses

Professional development: Column (A) - Total = $14715; Column (B) - Program Services = $14220; Column (C) - Management & General = $495; Column (D) - Fundraising = $0

Form 990, Part IX, Line 24E: Other Expenses

Research and analytics: Column (A) - Total = $33985; Column (B) - Program Services = $33985; Column (C) - Management & General = $0; Column (D) - Fundraising = $0

Form 990, Part IX, Line 24E: Other Expenses

Visit Oakland-hosted events: Column (A) - Total = $14519; Column (B) - Program Services = $14519; Column (C) - Management & General = $0; Column (D) - Fundraising = $0

Financial Statement Notes

Part V, Line 4: Intended uses of the endowment fund.

It is the policy of the Board of Directors to review its plans for future servicesperiodically, and to designate appropriate sums of unrestricted net assets to assureadequate financing of such needs.

Part X : FIN48 Footnote

Federal returns for the last three fiscal years remain subject to examination. No liability has been recorded for uncertain tax positions as required by FIN 48 (ASC 740).

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