Fredericksburg Convention And Vistor Bureau
- Assets
- $1.6m
- Revenue
- $3.1m
- Investments
- $0.0
- Employees
- 18
- Location
- Fredericksburg, TX
- Founding
- 03/2006
- Data as of
- 09/2021
- 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 09/2021, Fredericksburg Convention And Vistor Bureau employed 18 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 09/2021, Fredericksburg Convention And Vistor Bureau generated $3.1m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 5.4% each year. All expenses for the organization totaled $2.7m during the year ending 09/2021. While expenses have increased by 4.1% per year over the past 6 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
2021
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
PROMOTION OF AREA TOURISM AND VISITOR RELATIONS
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Ernie Loeffler President | Officer | 40 | $156,145 |
Bill Heath Vice-Preside | Officer | 40 | $124,144 |
Doug Cochran Vice Chairma | OfficerTrustee | 2 | $0 |
Kelly Criddle Treasurer | OfficerTrustee | 2 | $0 |
Mary Easterling Chairman | OfficerTrustee | 2 | $0 |
Larry Jackson Director | OfficerTrustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Creative Noggin Purchased Adv | 9/29/21 | $883,357 |
Geiger & Associates Marketing And C | 9/29/21 | $103,500 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $2,957,128 |
| 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 | $2,957,128 |
| Total Program Service Revenue | $0 |
| Investment income | $751 |
| 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 | $3,116,979 |
| 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. | $280,289 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $535,250 |
| Pension plan accruals and contributions | $44,425 |
| Other employee benefits | $89,074 |
| Payroll taxes | $56,390 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $4,290 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $14,584 |
| Advertising and promotion | $1,172,043 |
| Office expenses | $20,303 |
| Information technology | $2,820 |
| Royalties | $0 |
| Occupancy | $59,012 |
| Travel | $51,382 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $12,014 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $16,841 |
| Insurance | $0 |
| All other expenses | $109,619 |
| Total functional expenses | $2,678,289 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $770,560 |
| Savings and temporary cash investments | $652,760 |
| 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 | $83,230 |
| Net Land, buildings, and equipment | $56,242 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $1,562,792 |
| Accounts payable and accrued expenses | $100,161 |
| 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 | $100,161 |
| Net assets without donor restrictions | $0 |
| 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 | $1,462,631 |
| Total liabilities and net assets/fund balances | $1,562,792 |
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