Breckenridge Tourism Office Inc

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.

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)Compensation
Lucy Kay
CEO
$197,308
Brett Howard
Chief Market
$125,510
Richard Sosville
Board Chair
$0
Jay Beckerman
Secretary/tr
$0
Ginny Vietti
Vice Chair
$0
Dennis Kuhn
Board Member
$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

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