Breckenridge Tourism Office Inc
- Assets
- $1.3m
- Revenue
- $4.6m
- Investments
- $0.0
- Employees
- 19
- Location
- Breckenridge, CO
- Founding
- 04/1979
- Data as of
- 12/2021
- EIN
- 23-7136065
Organization Overview
Breckenridge Tourism Office Inc is located in Breckenridge, CO. The organization was established in 1979. 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 12/2021, Breckenridge Tourism Office Inc employed 19 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Breckenridge Tourism Office 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 12/2021, Breckenridge Tourism Office Inc generated $4.6m in total revenue. The organization has seen a slow decline revenue. Over the past 7 years, revenues have fallen by an average of (1.0%) each year. All expenses for the organization totaled $4.4m during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (0.4%) per year over the past 7 years. 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
TO ENHANCE AND PROMOTE THE UNIQUE CHARACTER AND EXPERIENCE OF BRECKENRIDGE AS A WORLD-RENOWNED DESTINATION RESORT, AND TO REPRESENT, SERVE AND PERPETUATE THE COMMON INTEREST OF ITS MEMBERSHIP AND COMMUNITY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
DESTINATION MARKETING ORGANIZATION FOR THE TOWN OF BRECKENRIDGE. SERVICES APPROXIMATELY 1,000 BUSINESS LICENSE HOLDERS. BTO IS PRIMARILY RESPONSIBLE FOR DESTINATION (OUT OF STATE) TOURISM MARKETING FOR THE TOWN OF BRECKENRIDGE, PRODUCING EVENTS FOR LOCAL RESIDENTS AND GUESTS, AND ASSISTS LOCAL BUSINESSES WITH MARKETING AND SERVICE RESEARCH AND SOME TRAINING. THE BTO PROVIDES BI-WEEKLY LODGING DATA, PERIODIC GUEST SERVICES AND DEMOGRAPHIC DATA, AS WELL AS MARKETING INITIATIVE RESULTS. THE BTO PRODUCES A FORMAL ANNUAL MEETING AND ANNUAL REPORT, INCLUDING FINANCIALS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Lucy Kay CEO | Officer | 40 | $197,308 |
Brett Howard Chief Market | 40 | $125,510 | |
Ginny Vietti Vice Chair | OfficerTrustee | 2 | $0 |
Jay Beckerman Secretary/tr | OfficerTrustee | 2 | $0 |
Richard Sosville Board Chair | OfficerTrustee | 2 | $0 |
Travis Beck Board Member | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $4,200,000 |
| All other contributions, gifts, grants, and similar amounts not included above | $150,000 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $4,350,000 |
| Total Program Service Revenue | $213,660 |
| Investment income | $435 |
| 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 | $4,564,616 |
| 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. | $214,313 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $925,113 |
| Pension plan accruals and contributions | $18,301 |
| Other employee benefits | $145,861 |
| Payroll taxes | $87,079 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $3,096 |
| Fees for services: Accounting | $12,950 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $314,641 |
| Advertising and promotion | $1,697,855 |
| Office expenses | $39,701 |
| Information technology | $60,115 |
| Royalties | $0 |
| Occupancy | $75,714 |
| Travel | $5,900 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $10,907 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $46,195 |
| Insurance | $0 |
| All other expenses | $177,867 |
| Total functional expenses | $4,385,444 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $415,222 |
| Savings and temporary cash investments | $611,929 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $5,867 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $6,381 |
| Prepaid expenses and deferred charges | $92,163 |
| Net Land, buildings, and equipment | $190,579 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $1,322,141 |
| Accounts payable and accrued expenses | $198,193 |
| 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 | $4,221 |
| Total liabilities | $202,414 |
| Net assets without donor restrictions | $1,119,727 |
| 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 | $1,322,141 |
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|---|---|---|
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