Mercer County Tourist Promotion Agency 43
- Assets
- $1.7m
- Revenue
- $1.1m
- Investments
- $0.0
- Employees
- 6
- Location
- Sharon, PA
- Founding
- 05/1975
- Data as of
- 06/2022
- EIN
- 23-7400902
Organization Overview
Mercer County Tourist Promotion Agency 43, operating under the name Mercer County Convention & Visitors Bureau, is located in Sharon, PA. The organization was established in 1975. According to its NTEE Classification (W20) the organization is classified as: Government & Public Administration, under the broad grouping of Public & Societal Benefit and related organizations. As of 06/2022, Mercer County Convention & Visitors Bureau employed 6 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Mercer County Convention & Visitors 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 06/2022, Mercer County Convention & Visitors Bureau generated $1.1m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 3.6% each year. All expenses for the organization totaled $753.6k during the year ending 06/2022. While expenses have increased by 0.4% 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
THE BUREAU PROMOTES MERCER COUNTY, PENNSYLVANIA, AS A TRAVEL DESTINATION THROUGH ADVERTISING AND OTHER PROMOTIONAL ACTIVITIES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE BUREAU CONDUCTS COMPREHENSIVE PROMOTIONAL ADVERTISING PROGRAMS TO PROMOTE TOURISM IN MERCER COUNTY, PENNSYLVANIA.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Peggy Mazyck President/ceo | Officer | 40 | $64,371 |
Carmen Aiello VP Of Marketing | Officer | 40 | $46,752 |
James Angelo Treasurer | OfficerTrustee | 1 | $0 |
John Raskob Vice-Chairman | OfficerTrustee | 1 | $0 |
Sue Kochhar Chairman | OfficerTrustee | 1 | $0 |
Dennis James Secretary | OfficerTrustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $975,296 |
| 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 | $975,296 |
| Total Program Service Revenue | $99,384 |
| Investment income | $2,933 |
| 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 | $1,078,012 |
| 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. | $127,088 |
| Compensation of current officers, directors, key employees. | $30,501 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $35,754 |
| Pension plan accruals and contributions | $945 |
| Other employee benefits | $0 |
| Payroll taxes | $12,159 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $5,626 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $685 |
| Advertising and promotion | $417,072 |
| Office expenses | $2,256 |
| Information technology | $1,266 |
| Royalties | $0 |
| Occupancy | $21,968 |
| Travel | $4,987 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $5,395 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $5,380 |
| Insurance | $4,832 |
| All other expenses | $9,359 |
| Total functional expenses | $753,602 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,486,558 |
| Savings and temporary cash investments | $230,956 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $14,693 |
| 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 | $3,207 |
| Net Land, buildings, and equipment | $5,379 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $1,740,793 |
| Accounts payable and accrued expenses | $8,599 |
| 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 | $8,599 |
| Net assets without donor restrictions | $1,732,194 |
| 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 | $1,740,793 |
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