Morris County Tourism Bureau Inc
- Assets
- $382.4k
- Revenue
- $559.6k
- Investments
- $0.0
- Employees
- 2
- Location
- Morristown, NJ
- Founding
- 06/1986
- Data as of
- 12/2021
- EIN
- 22-2607049
Organization Overview
Morris County Tourism Bureau Inc is located in Morristown, NJ. The organization was established in 1986. 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 03/2022, Morris County Tourism Bureau Inc employed 2 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Morris County Tourism Bureau Inc is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2021, Morris County Tourism Bureau Inc generated $559.6k in total revenue. This represents relatively stable growth, over the past 5 years the organization has increased revenue by an average of 0.7% each year. All expenses for the organization totaled $692.3k during the year ending 12/2021. While expenses have increased by 7.8% per year over the past 5 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 TOURISM BUREAU PROVIDES SERVICES THAT MARKETS MORRIS COUNTY NJ AS A TOURIST DESTINATION, ENCOURAGING VISITORS & RESIDENTS TO TAKE ADVANTAGE OF THE AREA'S EXCEPTIONAL HISTORICAL,CULTURAL & RECREATIONAL OPPORTUNITIES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE MCTB MARKETS MORRIS COUNTY THROUGH A VARIETY OF PLATFORMS INCLUDING ROBUST ADVERTISING TO THE NEW YORK METRO AREA, PUBLICATION OF A BIENNIAL VISITORS GUIDE AND USE OF SOCIAL MEDIA TOOLS TO OPTIMIZE OUR MESSAGING ABOUT ALL THERE IS TO SEE AND DO IN HISTORIC MORRIS COUNTY. ADDITIONALLY, WE ORGANIZE THE ANNUAL REVOLUTIONARY TIMES EVENT OVER THE JULY 4TH WEEKEND, WITH OUR PARTNERS FROM MORRISTOWN NATIONAL HISTORICAL PARK, TO DRAW ATTENTION TO THE CRITICAL ROLE MORRIS COUNTY PLAYED IN THE AMERICAN REVOLUTION.
THE MCTB MARKETS MORRIS COUNTY THROUGH A VARIETY OF PLATFORMS INCLUDING ROBUST ADVERTISING TO THE NEW YORK METRO AREA, PUBLICATION OF A BIENNIAL VISITORS GUIDE AND USE OF SOCIAL MEDIA TOOLS TO OPTIMIZE OUR MESSAGING ABOUT ALL THERE IS TO SEE AND DO IN HISTORIC MORRIS COUNTY. ADDITIONALLY, WE ORGANIZE THE ANNUAL REVOLUTIONARY TIMES EVENT OVER THE JULY 4TH WEEKEND, WITH OUR PARTNERS FROM MORRISTOWN NATIONAL HISTORICAL PARK, TO DRAW ATTENTION TO THE CRITICAL ROLE MORRIS COUNTY PLAYED IN THE AMERICAN REVOLUTION.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Leslie Bensley Exec.director | Officer | 2 | $0 |
David Helmer V. President | OfficerTrustee | 2 | $0 |
Linda Coutts Snyder President | OfficerTrustee | 2 | $0 |
Danielle Colombaris Secretary | OfficerTrustee | 2 | $0 |
Daniel Callas Treasurer | OfficerTrustee | 2 | $0 |
Kurt W Alstede Director | Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $450 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $513,471 |
| All other contributions, gifts, grants, and similar amounts not included above | $5,699 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $519,170 |
| Total Program Service Revenue | $40,305 |
| Investment income | $126 |
| 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 | $559,601 |
| 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. | $230,355 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $65,390 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $28,068 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $1,475 |
| 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 | $10,623 |
| Advertising and promotion | $0 |
| Office expenses | $5,959 |
| Information technology | $9,410 |
| Royalties | $0 |
| Occupancy | $1,110 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $4,522 |
| All other expenses | $0 |
| Total functional expenses | $692,292 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $198 |
| Savings and temporary cash investments | $269,337 |
| Pledges and grants receivable | $112,905 |
| 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 | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $382,440 |
| Accounts payable and accrued expenses | $205,128 |
| 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 | $36,695 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $241,823 |
| Net assets without donor restrictions | $27,712 |
| Net assets with donor restrictions | $112,905 |
| 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 | $382,440 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Morris County Tourism Bureau Inc has recieved totaling $10,000.
| Awarding Organization | Amount |
|---|---|
Community Foundation Of New Jersey Morristown, NJ PURPOSE: GENERAL SUPPORT | $10,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Pidc-Developement Management Corporation Philadelphia, PA | $0 | $30,722,052 |
Delaware River Waterfront Corporation Philadelphia, PA | $26,551,411 | $24,883,136 |
T R W I B Inc Pittsburgh, PA | $14,392,055 | $22,959,509 |
Pidc Financing Corp Philadelphia, PA | $6,556,052 | $18,403,713 |
Insitech Inc Warren, NJ | $450,270 | $14,466,949 |
Ridc Regional Growth Fund Pittsburgh, PA | $36,670,171 | $9,947,122 |
Delaware County Economic Development Oversight Board Media, PA | $2,255,958 | $10,697,300 |
Riverfront Development Corporation Of Delaware Wilmington, DE | $140,150,021 | $1,670,893 |
Alleghenies Planning And Development Commission Altoona, PA | $25,721,818 | $9,986,298 |
Sports Fans Coalition Ny Inc Ronkonkoma, NY | $633,460 | $8,459,536 |
Greater Philadelphia Tourism Marketing Corporation Philadelphia, PA | $11,403,385 | $8,019,397 |
Choose New Jersey Inc Newark, NJ | $7,145,867 | $9,053,939 |