Lehigh Valley Convention And Visitors Bureau Inc
- Assets
- $4.3m
- Revenue
- $4.9m
- Investments
- $0.0
- Employees
- 9
- Location
- Easton, PA
- Founding
- 07/1985
- Data as of
- 06/2022
- EIN
- 23-2327944
Organization Overview
Lehigh Valley Convention And Visitors Bureau Inc is located in Easton, PA. The organization was established in 1985. 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 06/2022, Lehigh Valley Convention And Visitors Bureau Inc employed 9 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Lehigh Valley Convention And Visitors Bureau Inc 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, Lehigh Valley Convention And Visitors Bureau Inc generated $4.9m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 2.0% each year. All expenses for the organization totaled $4.0m during the year ending 06/2022. While expenses have increased by 0.2% 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
TO PROMOTE AND DEVELOP LEHIGH VALLEY AS A LEISURE AND BUSINESS TRAVEL DESTINATION.
Describe the Organization's Program Activity:
Part 3 - Line 4a
WE PROMOTE LEHIGH VALLEY AREA'S CULTURAL, HISTORICAL, NATURAL, RECREATIONAL AND OTHER TOURIST ASSETS. WE MAKE EXTENSIVE USE OF THE INTERNET, ELECTRONIC AND SOCIAL MEDIA, PRINT ADVERTISING AS WELL AS THE DESIGN, PRINTING AND DISTRIBUTION OF BROCHURES AND OTHER PROMOTIONAL MATERIALS. WE WORK WITHIN LEHIGH VALLEY TO ASSIST IN THE DEVELOPMENT, IMPROVEMENT AND EXPANSION OF VISITOR-RELATED ASSETS AND SERVICES. OUR MARKETING, PUBLIC RELATIONS, AND SOCIAL MEDIA EFFORTS REACH TENS OF MILLIONS OF PEOPLE ANNUALLY. OUR SALES EFFORTS ANNUALLY BRING HUNDREDS OF MEETINGS, CONVENTIONS, GROUPS, AND SPORTS EVENTS TO LEHIGH VALLEY. WE DISTRIBUTE HUNDREDS OF THOUSANDS OF OUR OWN AND OUR MARKETING PARTNERS' BROCHURES EACH YEAR. TOURISM GENERATES MORE THAN $2 BILLION IN ECONOMIC ACTIVITY TO LEHIGH VALLEY.
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 |
|---|---|---|---|
Alex Michaels President | OfficerTrustee | 45 | $177,552 |
Joan Hanscom Vice Chairman | OfficerTrustee | 1 | $0 |
David Fulton Secretary | OfficerTrustee | 1 | $0 |
Jodie Stetz Treasurer | OfficerTrustee | 1 | $0 |
Darren Betters Chairman | OfficerTrustee | 1 | $0 |
Mike Fehnel Immediate Past Chair | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $359,493 |
| 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 | $359,493 |
| Total Program Service Revenue | $4,543,050 |
| Investment income | $5,995 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$42,716 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $4,870,520 |
| 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. | $229,086 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $485,524 |
| Pension plan accruals and contributions | $17,420 |
| Other employee benefits | $50,718 |
| Payroll taxes | $57,717 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $2,026 |
| Fees for services: Accounting | $29,680 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $1,067,346 |
| Office expenses | $84,849 |
| Information technology | $100,887 |
| Royalties | $0 |
| Occupancy | $180,585 |
| Travel | $26,240 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $14,443 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $8,560 |
| Insurance | $9,749 |
| All other expenses | $0 |
| Total functional expenses | $4,027,768 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $2,375,294 |
| Savings and temporary cash investments | $1,157,887 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $490,279 |
| 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 | $262,315 |
| Net Land, buildings, and equipment | $49,614 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $2,045 |
| Total assets | $4,337,434 |
| Accounts payable and accrued expenses | $240,474 |
| 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 | $240,474 |
| Net assets without donor restrictions | $4,096,960 |
| 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 | $4,337,434 |
Endowment Analysis
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Cincinnati Usa Regional Chamber Cincinnati, OH | $21,203,474 | $18,734,397 |
Greater Columbus Convention & Visitors Bureau Columbus, OH | $8,565,444 | $15,584,006 |
Real Estate Board Of New York Inc New York, NY | $13,608,943 | $14,285,773 |
Philadelphia Convention & Visitors Bureau Of The Chamber Of Commerce Philadelphia, PA | $21,636,489 | $20,955,897 |
The Chamber Of Commerce For Greater Philadelphia Philadelphia, PA | $17,253,411 | $11,743,354 |
United States Council For International Business New York, NY | $8,377,861 | $9,810,410 |
New Jersey Association Of Realtors Trenton, NJ | $35,262,029 | $9,547,353 |
Long Island Board Of Realtors Inc West Babylon, NY | $32,824,680 | $7,922,994 |
Ohio Association Of Realtors Columbus, OH | $13,314,743 | $8,037,922 |
Ohio Chamber Of Commerce Columbus, OH | $30,926,421 | $7,246,853 |
German American Chamber Of Commerce Inc New York, NY | $3,820,432 | $6,890,973 |
Buffalo Niagara Convention & Vistors Bureau Inc Buffalo, NY | $3,394,435 | $6,164,269 |