Convention Visitors Bureau Of Greater Portland
- Assets
- $563.2k
- Revenue
- $741.1k
- Investments
- $0.0
- Employees
- 18
- Location
- Portland, ME
- Founding
- 09/1987
- Data as of
- 12/2021
- EIN
- 01-0384674
Organization Overview
Convention Visitors Bureau Of Greater Portland is located in Portland, ME. The organization was established in 1987. According to its NTEE Classification (S30) the organization is classified as: Economic Development, under the broad grouping of Community Improvement & Capacity Building and related organizations. As of 12/2021, Convention Visitors Bureau Of Greater Portland employed 18 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Convention Visitors Bureau Of Greater Portland is a 501(c)(6) and as such, is described as a "Business League, Chambers of Commerce, or Real Estate Board" by the IRS.
For the year ending 12/2021, Convention Visitors Bureau Of Greater Portland generated $741.1k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (7.4%) each year. All expenses for the organization totaled $686.8k during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (9.1%) per year over the past 7 years. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
THE PRIMARY EXEMPT PURPOSE OF THE CONVENTION AND VISITORS BUREAU IS PROMOTION OF THE GREATER PORTLAND MAINE AREA.
Describe the Organization's Program Activity:
Part 3 - Line 4a
EXECUTION OF MARKETING SCOPE OF WORK DETAILED IN TOURISM MARKETING GRANT FROM THE MAINE OFFICE OF TOURISM. THE ORGANIZATION WRITES AN APPLICATION FOR GRANT FUNDS TO BE USED IN SUPPORT OF ITS EXEMPT MISSION. GRANT ACTIVITIES INCLUDED DEVELOPING DESTINATION MARKETING MATERIALS, PLACING DESTINATION ADVERTISING IN VARIOUS MEDIA, AND DISTRIBUTION OF VISITOR GUIDES.
THE CONVENTION AND VISITORS BUREAU PRODUCES A VISITORS GUIDE OF THE GREATER PORTLAND AREA. THE GUIDE IS AVAILABLE FOR FREE TO VISITORS AND CONVENTION ATTENDEES. THE GUIDE OFFERS SUGGESTIONS ON WHAT TO SEE, AVAILABLE TOURS, WHERE TO DINE, AND PLACES TO STAY IN THE AREA. THE GUIDE IS A FULL COMPENDIUM OF INFORMATION A VISITOR WOULD FIND USEFUL FOR PLANNING THEIR STAY AND ENJOYING THE REGION TO THEIR FULLEST.
STAFFING AT THREE VISITOR CENTERS - THE CONVENTION & VISITORS BUREAU OPERATES THREE VISITOR INFORMATION CENTERS (TWO OF THEM SEASONALLY) IN STRATEGIC LOCATIONS THROUGHOUT THE PORTLAND AREA. VISITOR INFORMATION SPECIALISTS ARE KNOWLEDGEABLE ABOUT WHAT THERE IS TO SEE AND DO IN THE GREATER PORTLAND REGION, SERVING AS AN INVALUABLE RESOURCE TO THE TRAVELING PUBLIC. VISITOR CENTER STAFF PROVIDE A WELCOMING ENVIRONMENT WHICH IS CRUCIAL TO MAINTAINING PORTLAND'S REPUTATION AS AN ATTRACTIVE TOURISM DESTINATION. SPECIALISTS WHO CAN REFER VISITORS TO APPROPRIATE ACCOMMODATIONS, RESTAURANTS, AND ATTRACTIONS ARE A VALUABLE RESOURCE FOR LOCAL BUSINESSES WHICH RELY ON TOURISM DOLLARS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Tillotson Lynn President, CEO | Officer | 40 | $78,269 |
Tolk Amy Vice President, CFO | Officer | 40 | $54,943 |
Lafayette Annaliese Chair | OfficerTrustee | 0.25 | $0 |
Littlefield Don Secretary | OfficerTrustee | 0.25 | $0 |
Schultzel John Immediate Past Chair | OfficerTrustee | 0.25 | $0 |
Palmer Ed Treasurer | OfficerTrustee | 0.25 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $392,439 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $392,439 |
| Total Program Service Revenue | $277,041 |
| Investment income | $180 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $741,115 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $137,526 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $170,318 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $23,427 |
| Payroll taxes | $23,683 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $43,814 |
| Advertising and promotion | $3,767 |
| Office expenses | $14,350 |
| Information technology | $5,063 |
| Royalties | $0 |
| Occupancy | $51,466 |
| Travel | $2,152 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $3,846 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $1,614 |
| Insurance | $4,675 |
| All other expenses | $7,617 |
| Total functional expenses | $686,770 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $219,960 |
| Savings and temporary cash investments | $340,345 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $2,846 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $563,151 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $43,698 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $149,900 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $193,598 |
| Net assets without donor restrictions | $369,553 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $563,151 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Eastern Maine Development Corporation Bangor, ME | $11,518,769 | $64,676,194 |
Northern Maine Development Commission Inc Caribou, ME | $20,810,299 | $32,269,814 |
Granite State Economic Development Corp Portsmouth, NH | $20,832,618 | $9,324,758 |
Maine Development Foundation Hallowell, ME | $970,799 | $2,681,444 |
Maine Tourism Association Hallowell, ME | $2,552,212 | $2,806,092 |
Maine Manufacturing Extension Partnership Augusta, ME | $1,279,245 | $1,939,009 |
Rockingham Economic Development Corporation Raymond, NH | $17,369,754 | $4,323,565 |
Kennebec Valley Council Of Governments Fairfield, ME | $3,745,709 | $1,561,553 |
Main Street Skowhegan Skowhegan, ME | $357,285 | $771,437 |
Convention Visitors Bureau Of Greater Portland Portland, ME | $563,151 | $741,115 |
Walpole Foundation Walpole, NH | $9,906,634 | $599,898 |
New Hampshire Lodging And Resturant Association Concord, NH | $788,383 | $690,976 |