LAKE NORMAN CONVENTION & VISITORS BUREAU: Form 990, tax year 2012

View the entire original 990 at ProPublica ↗

Organization: LAKE NORMAN CONVENTION & VISITORS BUREAU (EIN 56-2249663)
Tax period: 2012-07-01 to 2013-06-30
Filed: 2013-10-16
IRS object ID: 201302899349300115
Schema version: 2012v2.0
Source: Download XML · Original 990 at ProPublica

Every field in the e-filed return. Faint text is the IRS element name, for citing.

Return header
Form 990
Schedule B
Schedule D
Schedule L
Schedule O

Return header ReturnHeader

Field	Value	IRS element (for citing)
Timestamp	2013-10-16T10:31:49-07:00	Timestamp
Tax Period End Date	2013-06-30	TaxPeriodEndDate

Preparer Firm PreparerFirm

Preparer Firm Business Name PreparerFirmBusinessName

Field	Value	IRS element (for citing)
Business Name Line1	JACK L ANTHONY CPA PA	BusinessNameLine1

Preparer Firm US Address PreparerFirmUSAddress

Field	Value	IRS element (for citing)
Address Line1	19901 WEST CATAWBA AVENUE SUITE 105	AddressLine1
City	CORNELIUS	City
State	NC	State
ZIP Code	28031	ZIPCode

Field	Value	IRS element (for citing)
Return Type	990	ReturnType
Tax Period Begin Date	2012-07-01	TaxPeriodBeginDate

Filer Filer

Field	Value	IRS element (for citing)
EIN	562249663	EIN

Name Name

Field	Value	IRS element (for citing)
Business Name Line1	LAKE NORMAN CONVENTION AND VISITORS BUREAU	BusinessNameLine1

Field	Value	IRS element (for citing)
Name Control	LAKE	NameControl
Phone	7049873300	Phone

US Address USAddress

Field	Value	IRS element (for citing)
Address Line1	19900 WEST CATAWBA AVENUE	AddressLine1
City	CORNELIUS	City
State	NC	State
ZIP Code	28031	ZIPCode

Officer Officer

Field	Value	IRS element (for citing)
Name	SALLY ASHWORTH	Name
Title	EXECUTIVE DIRECTOR	Title
Phone	7049873300	Phone
Date Signed	2013-10-10	DateSigned
Authorize Third Party	true	AuthorizeThirdParty

Preparer Preparer

Field	Value	IRS element (for citing)
Name	JACK L ANTHONY CPAABV	Name
Phone	7048923437	Phone
Date Prepared	2013-10-16	DatePrepared

Field	Value	IRS element (for citing)
Tax Year	2012	TaxYear
Build TS	2015-11-30 17:44:51Z	BuildTS

Form 990 IRS990

Field	Value	IRS element (for citing)
Name Of Principal Officer Person	RANDY MARION	NameOfPrincipalOfficerPerson

Address Principal Officer US AddressPrincipalOfficerUS

Field	Value	IRS element (for citing)
Address Line1	19900 W CATAWBA AVE STE 102	AddressLine1
City	CORNELIUS	City
State	NC	State
ZIP Code	28031	ZIPCode

Field	Value	IRS element (for citing)
Gross Receipts	507368	GrossReceipts
Group Return For Affiliates	false	GroupReturnForAffiliates
Organization501c	X	Organization501c
Web Site	www.visitlakenorman.org	WebSite
Type Of Organization Corporation	X	TypeOfOrganizationCorporation
Year Formation	2000	YearFormation
State Legal Domicile	NC	StateLegalDomicile
Activity Or Mission Description	To organize and promote conventions, events and tourism in the Lake Norman area	ActivityOrMissionDescription
Nbr Voting Members Governing Body	22	NbrVotingMembersGoverningBody
Nbr Independent Voting Members	22	NbrIndependentVotingMembers
Total Nbr Employees	5	TotalNbrEmployees
Total Nbr Volunteers	27	TotalNbrVolunteers
Total Gross UBI	0	TotalGrossUBI
Contributions Grants Prior Year	441979	ContributionsGrantsPriorYear
Contributions Grants Current Year	499932	ContributionsGrantsCurrentYear
Program Service Revenue CY	0	ProgramServiceRevenueCY
Investment Income Prior Year	1333	InvestmentIncomePriorYear
Investment Income Current Year	382	InvestmentIncomeCurrentYear
Other Revenue Prior Year	4405	OtherRevenuePriorYear
Other Revenue Current Year	3166	OtherRevenueCurrentYear
Total Revenue Prior Year	447717	TotalRevenuePriorYear
Total Revenue Current Year	503480	TotalRevenueCurrentYear
Grants And Similar Amnts CY	0	GrantsAndSimilarAmntsCY
Benefits Paid To Members CY	0	BenefitsPaidToMembersCY
Salaries Etc Prior Year	291053	SalariesEtcPriorYear
Salaries Etc Current Year	233443	SalariesEtcCurrentYear
Total Prof Fundrsng Exp CY	0	TotalProfFundrsngExpCY
Total Fundrsng Exp Current Year	0	TotalFundrsngExpCurrentYear
Other Expense Prior Year	335631	OtherExpensePriorYear
Other Expenses Current Year	223481	OtherExpensesCurrentYear
Total Expenses Prior Year	626684	TotalExpensesPriorYear
Total Expenses Current Year	456924	TotalExpensesCurrentYear
Revenues Less Expenses Prior Year	-178967	RevenuesLessExpensesPriorYear
Revenues Less Expenses CY	46556	RevenuesLessExpensesCY
Total Assets BOY	151206	TotalAssetsBOY
Total Assets EOY	209565	TotalAssetsEOY
Total Liabilities BOY	10117	TotalLiabilitiesBOY
Total Liabilities EOY	21920	TotalLiabilitiesEOY
Net Assets Or Fund Balances BOY	141089	NetAssetsOrFundBalancesBOY
Net Assets Or Fund Balances EOY	187645	NetAssetsOrFundBalancesEOY
Mission Description	To organize and promote conventions,	MissionDescription
Significant New Program Services	false	SignificantNewProgramServices
Significant Change	false	SignificantChange
Description	TO ORGANIZE AND PROMOTE CONVENTIONS, EVENTS AND TOURISM IN THE LAKE NORMAN AREA	Description
Described In501 C3	false	DescribedIn501C3
Schedule B Required	true	ScheduleBRequired
Political Activities	false	PoliticalActivities
Lobbying Activities	false	LobbyingActivities
Subject To Proxy Tax	false	SubjectToProxyTax
Donor Advised Funds	false	DonorAdvisedFunds
Conservation Easements	false	ConservationEasements
Collections Of Art	false	CollectionsOfArt
Credit Counseling	false	CreditCounseling
Term Or Permanent Endowments	false	TermOrPermanentEndowments
Report Land Bldg Equip	true	ReportLandBldgEquip
Report Invest Oth Securities	false	ReportInvestOthSecurities
Report Prog Rel Invest	false	ReportProgRelInvest
Report Other Assets	false	ReportOtherAssets
Report Other Liabilities	false	ReportOtherLiabilities
Report Fin48 Footnote	false	ReportFin48Footnote
Independent Audit Financial Stmt	true	IndependentAuditFinancialStmt
Consolidated Audit Financial Stmt	false	ConsolidatedAuditFinancialStmt
School	false	School
Foreign Office	false	ForeignOffice
Foreign Activities	false	ForeignActivities
More Than5000 K To Organizations	false	MoreThan5000KToOrganizations
More Than5000 K To Individuals	false	MoreThan5000KToIndividuals
Professional Fundraising	false	ProfessionalFundraising
Fundraising Activities	false	FundraisingActivities
Gaming	false	Gaming
Hospital	false	Hospital
Grants To Organizations	false	GrantsToOrganizations
Grants To Individuals	false	GrantsToIndividuals
Schedule J Required	false	ScheduleJRequired
Tax Exempt Bonds	false	TaxExemptBonds
Excess Benefit Transaction	false	ExcessBenefitTransaction
Prior Excess Benefit Transaction	false	PriorExcessBenefitTransaction
Loan To Officer Or DQP	false	LoanToOfficerOrDQP
Grant To Related Person	false	GrantToRelatedPerson
Bsnss Rltnshp With Organization	false	BsnssRltnshpWithOrganization
Bsnss Rltnshp Thru Family Member	false	BsnssRltnshpThruFamilyMember
Officer Entity With Bsnss Rltnshp	true	OfficerEntityWithBsnssRltnshp
Deductible Non Cash Contributions	false	DeductibleNonCashContributions
Deductible Contributions Of Art	false	DeductibleContributionsOfArt
Terminated	false	Terminated
Partial Liquidation	false	PartialLiquidation
Disregarded Entity	false	DisregardedEntity
Related Entity	false	RelatedEntity
Related Org Controlled Entity	false	RelatedOrgControlledEntity
Transaction Related Entity	false	TransactionRelatedEntity
Activities Conducted Partnership	false	ActivitiesConductedPartnership
Schedule O Required	true	ScheduleORequired
Number Forms Transmitted With1096	0	NumberFormsTransmittedWith1096
Number W2 G Included	0	NumberW2GIncluded
Number Of Employees	5	NumberOfEmployees
Employment Tax Returns Filed	true	EmploymentTaxReturnsFiled
Unrelated Business Income	false	UnrelatedBusinessIncome
Foreign Financial Account	false	ForeignFinancialAccount
Prohibited Tax Shelter Trans	false	ProhibitedTaxShelterTrans
Taxable Party Notification	false	TaxablePartyNotification
Non Deductible Contributions	false	NonDeductibleContributions
Quid Pro Quo Contributions	false	QuidProQuoContributions
Form8282 Property Disposed Of	false	Form8282PropertyDisposedOf
Funds To Pay Premiums	false	FundsToPayPremiums
Premiums Paid	false	PremiumsPaid
Indoor Tanning Services	false	IndoorTanningServices
Info In Schedule O Part VI	X	InfoInScheduleOPartVI
Nbr Voting Governing Body Members	22	NbrVotingGoverningBodyMembers
Number Independent Voting Members	22	NumberIndependentVotingMembers
Family Or Business Relationship	false	FamilyOrBusinessRelationship
Delegation Of Management Duties	false	DelegationOfManagementDuties
Changes To Organizing Docs	true	ChangesToOrganizingDocs
Material Diversion Or Misuse	false	MaterialDiversionOrMisuse
Members Or Stockholders	false	MembersOrStockholders
Election Of Board Members	false	ElectionOfBoardMembers
Decisions Subject To Approval	false	DecisionsSubjectToApproval
Minutes Of Governing Body	true	MinutesOfGoverningBody
Minutes Of Committees	true	MinutesOfCommittees
Officer Mailing Address	false	OfficerMailingAddress
Local Chapters	false	LocalChapters
Form990 Provided To Governing Body	true	Form990ProvidedToGoverningBody
Conflict Of Interest Policy	true	ConflictOfInterestPolicy
Annual Disclosure Covered Persons	false	AnnualDisclosureCoveredPersons
Regular Monitoring Enforcement	false	RegularMonitoringEnforcement
Whistleblower Policy	true	WhistleblowerPolicy
Document Retention Policy	false	DocumentRetentionPolicy
Compensation Process CEO	false	CompensationProcessCEO
Compensation Process Other	false	CompensationProcessOther
Investment In Joint Venture	false	InvestmentInJointVenture
States Where Copy Of Return Is Filed	NC	StatesWhereCopyOfReturnIsFiled
Upon Request	X	UponRequest

The Books Are In Care Of TheBooksAreInCareOf

Name Business NameBusiness

Field	Value	IRS element (for citing)
Business Name Line1	VISIT LAKE NORMAN	BusinessNameLine1

Field	Value	IRS element (for citing)
Telephone Number	7049873300	TelephoneNumber

Address US AddressUS

Field	Value	IRS element (for citing)
Address Line1	19900 W CATAWBA AVE STE 102	AddressLine1
City	CORNELIUS	City
State	NC	State
ZIP Code	28031	ZIPCode

Form990 Part VII Section A Form990PartVIISectionA (22 entries)

TitleTitle	Average Hours Per WeekAverageHoursPerWeek	OfficerOfficer	Reportable Comp From OrganizationReportableCompFromOrganization	Reportable Comp From Related OrgsReportableCompFromRelatedOrgs	Other CompensationOtherCompensation	Key EmployeeKeyEmployee	Individual Trustee Or DirectorIndividualTrusteeOrDirector
RANDY MARION
Chairman	1.00	X	0	0	0
WOODY WASHAM
Vice Chairman	1.00	X	0	0	0
BARBARA MCCALL
Treasurer	1.00	X	0	0	0
CATHY BENTZ
Assistant Treasurer	1.00	X	0	0	0
SALLY ASHWORTH
Executive Director	55.00		80118	0	0	X
JOE HARWOOD
Community Affairs	1.00	X	0	0	0
JOHN KURTI
Director	1.00		0	0	0		X
HUNTINGTON DALY
Director	1.00		0	0	0		X
BORIS BUNICH
Director	1.00		0	0	0		X
VINAY PATEL
Director	1.00		0	0	0		X
JOE DOUGLAS
Director	1.00		0	0	0		X
PAUL YATES
Director	1.00		0	0	0		X
CISSI LYLES
Director	1.00		0	0	0		X
DIANA MERRIFIELD
Director	1.00		0	0	0		X
DEE JETTON
Director	1						X
JEFF FISSEL
Director	1						X
JEFF HARE
Director	1						X
RODNEY GRAHAM
Director	1						X
SARAH MCCAULEY
Director	1						X
BILL RUSSELL
Director	1						X
JERRY BROADWAY
Director	1						X
MIKE GRIFFIN
Director	1						X

Field	Value	IRS element (for citing)
Total Reportable Comp From Org	80118	TotalReportableCompFromOrg
Formers Listed	false	FormersListed
Total Comp GT150 K	false	TotalCompGT150K
Compensation From Other Sources	false	CompensationFromOtherSources
Government Grants	499932	GovernmentGrants
Total Contributions	499932	TotalContributions

Investment Income InvestmentIncome

Field	Value	IRS element (for citing)
Total Revenue Column	382	TotalRevenueColumn

Field	Value	IRS element (for citing)
Gross Sales Of Inventory	4981	GrossSalesOfInventory
Cost Of Goods Sold	3888	CostOfGoodsSold

Net Income Or Loss NetIncomeOrLoss

Field	Value	IRS element (for citing)
Total Revenue Column	1093	TotalRevenueColumn
Related Or Exempt Function Income	1093	RelatedOrExemptFunctionIncome

Miscellaneous Revenue MiscellaneousRevenue

Field	Value	IRS element (for citing)
Total Revenue Column	2073	TotalRevenueColumn
Related Or Exempt Function Income	2073	RelatedOrExemptFunctionIncome

Field	Value	IRS element (for citing)
Total Other Revenue	2073	TotalOtherRevenue

Total Revenue TotalRevenue

Field	Value	IRS element (for citing)
Total Revenue Column	503480	TotalRevenueColumn
Related Or Exempt Function Income	3548	RelatedOrExemptFunctionIncome

Comp Current Officers Directors CompCurrentOfficersDirectors

Field	Value	IRS element (for citing)
Total	198380	Total
Program Services	198380	ProgramServices

Other Employee Benefits OtherEmployeeBenefits

Field	Value	IRS element (for citing)
Total	19806	Total
Program Services	19806	ProgramServices

Payroll Taxes PayrollTaxes

Field	Value	IRS element (for citing)
Total	15257	Total
Program Services	15257	ProgramServices

Occupancy Occupancy

Field	Value	IRS element (for citing)
Total	42606	Total
Program Services	42606	ProgramServices

Depreciation Depletion DepreciationDepletion

Field	Value	IRS element (for citing)
Total	8341	Total
Program Services	8341	ProgramServices

Insurance Insurance

Field	Value	IRS element (for citing)
Total	1473	Total
Program Services	1473	ProgramServices

Other Expenses OtherExpenses (4 entries)

DescriptionDescription	TotalTotal	Program ServicesProgramServices
Direct Marketing	146059	146059
Bank Fees	912	912
Newsletter	0	0
Supplies	1115	1115

All Other Expenses AllOtherExpenses

Field	Value	IRS element (for citing)
Total	22975	Total
Program Services	22975	ProgramServices

Total Functional Expenses TotalFunctionalExpenses

Field	Value	IRS element (for citing)
Total	456924	Total
Program Services	456924	ProgramServices

Cash Non Interest Bearing CashNonInterestBearing

Field	Value	IRS element (for citing)
BOY	49269	BOY
EOY	88972	EOY

Savings And Temp Cash Investments SavingsAndTempCashInvestments

Field	Value	IRS element (for citing)
BOY	66582	BOY
EOY	92532	EOY

Inventories For Sale Or Use InventoriesForSaleOrUse

Field	Value	IRS element (for citing)
BOY	7021	BOY
EOY	6038	EOY

Prepaid Expenses Deferred Charges PrepaidExpensesDeferredCharges

Field	Value	IRS element (for citing)
BOY	1334	BOY
EOY	6111	EOY

Field	Value	IRS element (for citing)
Land Buildings Equipment Basis	131479	LandBuildingsEquipmentBasis
Land Bldg Equipment Accum Deprec	115567	LandBldgEquipmentAccumDeprec

Land Buildings Equipment Basis Net LandBuildingsEquipmentBasisNet

Field	Value	IRS element (for citing)
BOY	27000	BOY
EOY	15912	EOY

Total Assets TotalAssets

Field	Value	IRS element (for citing)
BOY	151206	BOY
EOY	209565	EOY

Accounts Payable Accrued Expenses AccountsPayableAccruedExpenses

Field	Value	IRS element (for citing)
BOY	10117	BOY
EOY	21920	EOY

Total Liabilities TotalLiabilities

Field	Value	IRS element (for citing)
BOY	10117	BOY
EOY	21920	EOY

Field	Value	IRS element (for citing)
Follow SFAS117	X	FollowSFAS117

Unrestricted Net Assets UnrestrictedNetAssets

Field	Value	IRS element (for citing)
BOY	141089	BOY
EOY	187645	EOY

Total Net Assets Fund Balances TotalNetAssetsFundBalances

Field	Value	IRS element (for citing)
BOY	141089	BOY
EOY	187645	EOY

Total Liab Net Assets Fund Balances TotalLiabNetAssetsFundBalances

Field	Value	IRS element (for citing)
BOY	151206	BOY
EOY	209565	EOY

Field	Value	IRS element (for citing)
Reconcilation Revenue Expenses	46556	ReconcilationRevenueExpenses
Method Of Accounting Accrual	X	MethodOfAccountingAccrual
Accountant Compile Or Review	false	AccountantCompileOrReview
FS Audited	true	FSAudited

FS Audited Basis FSAuditedBasis

Field	Value	IRS element (for citing)
Financial Statement Separate	X	FinancialStatementSeparate

Field	Value	IRS element (for citing)
Audit Committee	true	AuditCommittee
Federal Grant Audit Required	false	FederalGrantAuditRequired

Schedule B IRS990ScheduleB

Contributor Info ContributorInfo

Field	Value	IRS element (for citing)
Contributor Number	RESTRICTED	ContributorNumber

Contributor Name Business ContributorNameBusiness

Field	Value	IRS element (for citing)
Business Name Line1	RESTRICTED	BusinessNameLine1

Contributor Address US ContributorAddressUS

Field	Value	IRS element (for citing)
Address Line1	RESTRICTED	AddressLine1
Address Line2	RESTRICTED	AddressLine2
City	RESTRICTED	City
State	RESTRICTED	State
ZIP Code	RESTRICTED	ZIPCode

Field	Value	IRS element (for citing)
Aggregate Contributions	RESTRICTED	AggregateContributions

Schedule D IRS990ScheduleD

Equipment Equipment

Field	Value	IRS element (for citing)
Investment Cost Or Other Basis	131479	InvestmentCostOrOtherBasis
Depreciation	115567	Depreciation
Book Value	15912	BookValue

Field	Value	IRS element (for citing)
Total Of Book Value Land Buildings	15912	TotalOfBookValueLandBuildings
Tot Revenue Etc Audited Fincl Stmt	503480	TotRevenueEtcAuditedFinclStmt
Revenue Subtotal	503480	RevenueSubtotal
Total Revenue Per Form990	503480	TotalRevenuePerForm990
Tot Expenses Etc Audited Fincl Stmt	456924	TotExpensesEtcAuditedFinclStmt
Expenses Subtotal	456924	ExpensesSubtotal
Total Expenses Per Form990	456924	TotalExpensesPerForm990

Schedule L IRS990ScheduleL

Form990 Schedule L Part IV Form990ScheduleLPartIV

Name Of Interested Person NameOfInterestedPerson

Field	Value	IRS element (for citing)
Name Person	BENTZ ASSOCIATES PA	NamePerson

Field	Value	IRS element (for citing)
Relationship	assistant treasurer	Relationship
Amount Of Transaction	762	AmountOfTransaction
Description Of Transaction	legal services	DescriptionOfTransaction
Sharing Of Revenues	false	SharingOfRevenues

Schedule O IRS990ScheduleO

General Explanation GeneralExplanation (4 entries)

IdentifierIdentifier	ExplanationExplanation
Pt VI, Line 11b	990 is presented at board meeting before filing
Pt VI, Line 19	available upon request
Pt VI, Line 4	Change in the number and term of the Board of Directors
Form 990, Part IX, Line 24f	EQUIPMENT EXPENSE 1936. 1936. PROFESSIONAL FEES 8850. 8850. TELEPHONE 8340. 8340. EQUIPMENT LEASE 2313. 2313. UTILITIES 1536. 1536.