North Of Boston Convention & Vistors Bureau
- Assets
- $1.3m
- Revenue
- $1.6m
- Investments
- $0.0
- Employees
- 14
- Location
- Salisbury, MA
- Founding
- 07/1978
- Data as of
- 06/2022
- EIN
- 04-2262705
Organization Overview
North Of Boston Convention & Vistors Bureau is located in Salisbury, MA. The organization was established in 1978. As of 06/2022, North Of Boston Convention & Vistors Bureau employed 14 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. North Of Boston Convention & Vistors Bureau 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 06/2022, North Of Boston Convention & Vistors Bureau generated $1.6m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 9.9% each year. All expenses for the organization totaled $972.8k during the year ending 06/2022. While expenses have increased by 2.6% per year over the past 7 years. They've been increasing with an increasing level of total revenue. 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
PROMOTION OF ESSEX COUNTY AS A TOURIST DESTINATION
Describe the Organization's Program Activity:
Part 3 - Line 4a
TO PROMOTE TOURISM
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
James Obrien Chair | OfficerTrustee | 2 | $0 |
John Orlando Vice Chair | OfficerTrustee | 2 | $0 |
Karen Nascembeni Treasurer | OfficerTrustee | 2 | $0 |
Bethany Groff Dorau Secretary | OfficerTrustee | 2 | $0 |
Tara B Bassett At Large | OfficerTrustee | 2 | $0 |
Doneeca Thurston At Large | OfficerTrustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $54,479 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $1,219,443 |
| 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 | $1,273,922 |
| Total Program Service Revenue | $299,545 |
| Investment income | $595 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $4,087 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,618,172 |
| 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. | $88,214 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $162,631 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $43,134 |
| Payroll taxes | $22,154 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $20,663 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $49,499 |
| Advertising and promotion | $356,727 |
| Office expenses | $26,098 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $4,124 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $33,682 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $1,320 |
| Insurance | $3,269 |
| All other expenses | $18,437 |
| Total functional expenses | $972,815 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,318,600 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $29,018 |
| 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 | $990 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $1,348,608 |
| Accounts payable and accrued expenses | $7,780 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| 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 | $0 |
| Unsecured mortgages and notes payable | $99,900 |
| Other liabilities | $10,495 |
| Total liabilities | $118,175 |
| Net assets without donor restrictions | $1,230,433 |
| 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 | $1,348,608 |