Buffalo Niagara Convention & Vistors Bureau Inc
- Assets
- $2.0m
- Revenue
- $4.7m
- Investments
- $0.0
- Employees
- 27
- Location
- Buffalo, NY
- Founding
- 12/1987
- Data as of
- 12/2023
- EIN
- 16-1298671
Organization Overview
Buffalo Niagara Convention & Vistors Bureau Inc, operating under the name Visit Buffalo Niagara, is located in Buffalo, NY. The organization was established in 1987. According to its NTEE Classification (S01) the organization is classified as: Alliances & Advocacy, under the broad grouping of Community Improvement & Capacity Building and related organizations. As of 12/2023, Visit Buffalo Niagara employed 27 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Visit Buffalo Niagara 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 12/2023, Visit Buffalo Niagara generated $4.7m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 1.2% each year. All expenses for the organization totaled $5.2m during the year ending 12/2023. While expenses have increased by 2.9% per year over the past 8 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
TO MARKET AND PROMOTE THE REGION'S ASSETS AND ATTRACTIONS TO VISITORS OUTSIDE THE BUFFALO NIAGARA REGION AS A CONVENTION, TOURISM AND LEISURE DESTINATION FOR THE ECONOMIC BENEFIT OF THE COMMUNITY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
MARKET AND PROMOTE THE BUFFALO NIAGARA REGION AS A DESTINATION FOR VISITORS TO HOST ANNUAL MEETINGS, CONVENTIONS AND EVENTS.
MARKET AND PROMOTE THE ASSETS AND ATTRACTIONS THE BUFFALO NIAGARA REGION OFFERS AS A DESTINATION FOR VISITORS OUTSIDE OF THE REGION FOR THE ECONOMIC BENEFIT OF THE REGION.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Cindy Abbott-Letro Chair | OfficerTrustee | 1 | $0 |
Patrick Kaler President | OfficerTrustee | 40 | $281,508 |
Huseyin Taran Treasurer | OfficerTrustee | 1 | $0 |
Mary F Roberts Immediate Past Chair | Trustee | 1 | $0 |
David Marzo CFO | Officer | 35 | $131,353 |
Thomas Beauford Jr Secretary | Trustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Madden Media Advertising | 12/30/23 | $189,500 |
Media Dimesions Advertising | 12/30/23 | $179,849 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $4,355,718 |
| 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 | $4,355,718 |
| Total Program Service Revenue | $239,393 |
| Investment income | $58,729 |
| 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 | $4,659,388 |
| 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. | $439,515 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,436,705 |
| Pension plan accruals and contributions | $18,161 |
| Other employee benefits | $137,229 |
| Payroll taxes | $137,978 |
| 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 | $130,616 |
| Advertising and promotion | $1,894,294 |
| Office expenses | $167,007 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $148,611 |
| Travel | $55,851 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $326,727 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $16,425 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $5,224,015 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $227,663 |
| Savings and temporary cash investments | $1,014,222 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $393,784 |
| 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 | $220,684 |
| Net Land, buildings, and equipment | $37,774 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $81,340 |
| Total assets | $1,975,467 |
| Accounts payable and accrued expenses | $222,045 |
| Grants payable | $0 |
| Deferred revenue | $219,867 |
| 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 | $140,473 |
| Other liabilities | $81,340 |
| Total liabilities | $663,725 |
| Net assets without donor restrictions | $1,311,742 |
| 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 | $1,975,467 |
Grants Awarded
Over the last fiscal year, Buffalo Niagara Convention & Vistors Bureau Inc has awarded $860,550 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
AMHERST CHAMBER OF COMMERCE PURPOSE: BACK TO BUSINESS PROGRAM | $560,550 |
43NORTH BPC INC PURPOSE: BACK TO BUSINESS PROGRAM | $300,000 |