Fredericksburg Convention And Vistor Bureau
- Assets
- $3.8m
- Revenue
- $5.3m
- Investments
- $0.0
- Employees
- 19
- Location
- Fredericksburg, TX
- Founding
- 03/2006
- Data as of
- 09/2023
- EIN
- 20-3487121
Organization Overview
Fredericksburg Convention And Vistor Bureau is located in Fredericksburg, TX. The organization was established in 2006. According to its NTEE Classification (S41) the organization is classified as: Chambers of Commerce & Business Leagues, under the broad grouping of Community Improvement & Capacity Building and related organizations. As of 09/2023, Fredericksburg Convention And Vistor Bureau employed 19 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Fredericksburg Convention And Vistor 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 09/2023, Fredericksburg Convention And Vistor Bureau generated $5.3m in total revenue. This organization has experienced exceptional growth, as over the past 8 years, it has increased revenue by an average of 11.3% each year . All expenses for the organization totaled $3.9m during the year ending 09/2023. While expenses have increased by 8.1% 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
THE MISSION OF THE FREDERICKSBURG CONVENTION AND VISITOR BUREAU IS TO MARKET FREDERICKSBURG AND GILLESPIE COUNTY AS A PREMIER TRAVEL DESTINATION ON THE REGIONAL, NATIONAL AND INTERNATIONAL STAGE THEREBY CREATING A POSITIVE IMPACT ON THE LOCAL ECONOMY AND THE QUALITY OF LIFE HERE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
MARKETING AND PROMOTION OF FREDERICKSBURG, TX AND GILLESPIE COUNTY INCLUDING OPERATING THE INFORMATION CENTER.
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
John Dubea Chairman | OfficerTrustee | 2 | $0 |
Jesse Barter Vice Chair | OfficerTrustee | 2 | $0 |
Katelyn Duecker Eames Secretary | OfficerTrustee | 2 | $0 |
Jessica Mittel Treasurer | OfficerTrustee | 2 | $0 |
Doug Cochran Director | Trustee | 1 | $0 |
David Shields Director | Trustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Creative Noggin Purchased Adver | 9/29/22 | $1,096,975 |
Geiger & Associates Marketing And C | 9/29/22 | $143,248 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $5,334,914 |
| 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 | $5,334,914 |
| Total Program Service Revenue | $0 |
| Investment income | $5,603 |
| 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 | $5,340,517 |
| 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. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $235,822 |
| Other salaries and wages | $815,130 |
| Pension plan accruals and contributions | $58,948 |
| Other employee benefits | $120,910 |
| Payroll taxes | $78,161 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $5,712 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $29,239 |
| Advertising and promotion | $1,927,005 |
| Office expenses | $12,346 |
| Information technology | $4,642 |
| Royalties | $0 |
| Occupancy | $92,531 |
| Travel | $137,403 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $23,615 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $19,238 |
| Insurance | $4,708 |
| All other expenses | $75,389 |
| Total functional expenses | $3,923,392 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $2,552,731 |
| Savings and temporary cash investments | $1,158,416 |
| 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 | $61,500 |
| Net Land, buildings, and equipment | $16,415 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $3,789,062 |
| Accounts payable and accrued expenses | $120,742 |
| 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 | $0 |
| Other liabilities | $0 |
| Total liabilities | $120,742 |
| Net assets without donor restrictions | $3,668,320 |
| 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 | $3,789,062 |