Boone County Convention And Visitors Bureau Inc

Boone County Convention And Visitors Bureau Inc shows strong revenue growth and asset accumulation with minimal liabilities.

EIN: 200732363 · Lebanon, IN · NTEE: S41 · Updated: 2026-03-28

$883KRevenue

$2.0MAssets

85/100Mission Score (Excellent)

S41

About Boone County Convention And Visitors Bureau Inc

Boone County Convention And Visitors Bureau Inc (EIN: 200732363) is a nonprofit organization based in Lebanon, IN, classified under NTEE code S41. The organization reported total revenue of $883K and total assets of $2.0M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Boone County Convention And Visitors Bureau Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.

AI Transparency Report

Boone County Convention And Visitors Bureau Inc demonstrates strong financial health and growth, particularly in its most recent filing period. Revenue has shown a significant upward trend, increasing from $267,170 in 2014 to $1,230,682 in 2023. This growth has allowed the organization to build substantial assets, reaching $1,889,604 in 2023, while consistently maintaining minimal to zero liabilities, indicating excellent financial management and solvency. The organization's spending efficiency appears robust, with expenses in 2023 ($565,388) being significantly lower than its revenue ($1,230,682), contributing to asset accumulation. The consistent reporting of 0% officer compensation across all available filings suggests a high degree of transparency regarding executive pay, or that executive compensation is not reported in a way that is captured by this metric, which could be a point for further inquiry.

Mission Effectiveness Score

NonprofitSpending's AI analysis rates Boone County Convention And Visitors Bureau Inc with a Mission Score of 85 out of 100 (Excellent). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.

Spending Breakdown

admin: 10%
programs: 90%
fundraising: 0%

According to IRS 990 filings, Boone County Convention And Visitors Bureau Inc allocates its expenses as follows: admin: 10%, programs: 90%, fundraising: 0%. With 90% directed toward programs, this reflects a strong commitment to its charitable mission.

Executive Compensation Analysis

The organization consistently reports 0% officer compensation across all available filings, suggesting either that no officers receive compensation or that compensation is reported under other categories, which enhances transparency regarding direct officer salaries.

Executive compensation data is sourced from IRS 990 filings, which require nonprofits to disclose the compensation of officers, directors, trustees, and key employees. NonprofitSpending analyzes this data relative to the organization's total revenue and sector benchmarks to assess whether executive pay is reasonable.

Strengths

The following positive indicators were identified for Boone County Convention And Visitors Bureau Inc:

Strong and consistent revenue growth, increasing from $267,170 in 2014 to $1,230,682 in 2023.
Excellent financial solvency with minimal to zero liabilities across most filing periods, including $0 in 2023.
Significant asset accumulation, growing from $626,970 in 2014 to $1,889,604 in 2023.
Expenses consistently lower than revenue, indicating efficient financial management and surplus generation.
Consistent reporting of 0% officer compensation, suggesting a focus on mission or transparent reporting of executive pay.

Frequently Asked Questions about Boone County Convention And Visitors Bureau Inc

Is Boone County Convention And Visitors Bureau Inc a good charity?

Based on its financial data, the organization appears to be well-managed, with strong revenue growth, significant asset accumulation, and minimal liabilities. Its consistent 0% officer compensation also suggests a focus on its mission rather than executive pay. However, without a detailed breakdown of program vs. administrative expenses, a full assessment of 'good charity' status is limited.

How has the organization's revenue grown over the past decade?

The organization's revenue has grown substantially, from $267,170 in 2014 to $1,230,682 in 2023, representing an increase of over 360%.

What is the organization's liability situation?

Boone County Convention And Visitors Bureau Inc consistently maintains minimal to zero liabilities, reporting $0 in liabilities for 2023, 2022, 2016, 2015, and 2014, indicating strong financial health and low debt.

Filing History

IRS 990 filing history for Boone County Convention And Visitors Bureau Inc showing financial trends over 13 years of public records:

Over 13 years of IRS 990 filings (2011–2023), Boone County Convention And Visitors Bureau Inc's revenue has grown by 623.8%, moving from $170K to $1.2M. Total assets increased by 270% over the same period, from $511K to $1.9M. Total functional expenses rose by 183.9%, from $199K to $565K. In its most recent filing year (2023), Boone County Convention And Visitors Bureau Inc reported a surplus of $665K, with revenue exceeding expenses.

Year	Revenue	Expenses	Assets	Liabilities	Officer Comp.	PDF
2023	$1.2M	$565K	$1.9M	$0	—	—
2022	$830K	$408K	$1.2M	$0	—	View 990
2021	$600K	$445K	$805K	$2K	—	View 990
2020	$268K	$429K	$648K	$2K	—	View 990
2019	$551K	$579K	$832K	$25K	—	View 990
2018	$536K	$462K	$866K	$30K	—	View 990
2017	$406K	$408K	$791K	$31K	—	View 990
2016	$354K	$314K	$769K	$6K	—	View 990
2015	$327K	$230K	$724K	$0	—	View 990
2014	$267K	$198K	$627K	$0	—	View 990
2013	$164K	$157K	$558K	$0	—	View 990
2012	$172K	$132K	$551K	$0	—	View 990
2011	$170K	$199K	$511K	$0	—	View 990

Year-by-Year Financial Summary

2023: Revenue of $1.2M, expenses of $565K, and assets of $1.9M (revenue +48.3% year-over-year).
2022: Revenue of $830K, expenses of $408K, and assets of $1.2M (revenue +38.3% year-over-year).
2021: Revenue of $600K, expenses of $445K, and assets of $805K (revenue +124.2% year-over-year).
2020: Revenue of $268K, expenses of $429K, and assets of $648K (revenue -51.4% year-over-year).
2019: Revenue of $551K, expenses of $579K, and assets of $832K (revenue +2.7% year-over-year).
2018: Revenue of $536K, expenses of $462K, and assets of $866K (revenue +32.2% year-over-year).
2017: Revenue of $406K, expenses of $408K, and assets of $791K (revenue +14.7% year-over-year).
2016: Revenue of $354K, expenses of $314K, and assets of $769K (revenue +8.1% year-over-year).
2015: Revenue of $327K, expenses of $230K, and assets of $724K (revenue +22.5% year-over-year).
2014: Revenue of $267K, expenses of $198K, and assets of $627K (revenue +62.8% year-over-year).
2013: Revenue of $164K, expenses of $157K, and assets of $558K (revenue -4.8% year-over-year).
2012: Revenue of $172K, expenses of $132K, and assets of $551K (revenue +1.4% year-over-year).
2011: Revenue of $170K, expenses of $199K, and assets of $511K.

Data Sources and Methodology

This transparency report for Boone County Convention And Visitors Bureau Inc is generated by NonprofitSpending's AI analysis engine. The data is sourced from publicly available IRS 990 filings accessed through the ProPublica Nonprofit Explorer API and IRS electronic filing records. The Mission Score, spending breakdown, and other analytical insights are produced by artificial intelligence and should be used as one of multiple factors when evaluating a nonprofit organization.

IRS 990 forms are annual information returns that most tax-exempt organizations must file with the IRS. These forms provide detailed financial information including revenue, expenses, assets, liabilities, and compensation of officers. NonprofitSpending processes this data to provide accessible transparency reports for donors, researchers, and the general public.

Disclaimer

AI-generated analysis based on IRS public records. Not financial or legal advice. Verify information directly with the organization.