Mercer County Tourist Promotion Agency 43
- Assets
- $2.1m
- Revenue
- $1.2m
- Investments
- $0.0
- Employees
- 5
- Location
- Sharon, PA
- Founding
- 05/1975
- Data as of
- 06/2023
- 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 06/2023, Mercer County Convention & Visitors Bureau employed 5 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 06/2023, Mercer County Convention & Visitors Bureau generated $1.2m in total revenue. This organization has experienced exceptional growth, as over the past 3 years, it has increased revenue by an average of 20.8% each year . All expenses for the organization totaled $878.1k during the year ending 06/2023. While expenses have increased by 10.4% per year over the past 3 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
2023
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.
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 |
|---|---|---|---|
Michele Czerwinski Board Member At Large | Trustee | 1 | $0 |
Casey Shilling Past Chairman | Trustee | 1 | $0 |
Stan Lefes Board Member At Large | Trustee | 1 | $0 |
Sue Kochhar Chairman | OfficerTrustee | 1 | $0 |
John Raskob Vice-Chairman | OfficerTrustee | 1 | $0 |
John Alexander Board Member At Large | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $1,117,946 |
| All other contributions, gifts, grants, and similar amounts not included above | $2,000 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,119,946 |
| Total Program Service Revenue | $95,940 |
| Investment income | $17,378 |
| 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 | $1,233,315 |
| 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. | $132,711 |
| Compensation of current officers, directors, key employees. | $31,885 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $37,203 |
| Pension plan accruals and contributions | $867 |
| Other employee benefits | $0 |
| Payroll taxes | $13,335 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $5,975 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $685 |
| Advertising and promotion | $444,315 |
| Office expenses | $5,593 |
| Information technology | $1,489 |
| Royalties | $0 |
| Occupancy | $23,630 |
| Travel | $7,139 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $3,925 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $5,665 |
| Insurance | $4,913 |
| All other expenses | $9,580 |
| Total functional expenses | $878,084 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $228,467 |
| Savings and temporary cash investments | $642,694 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $15,610 |
| 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 | $2,771 |
| Net Land, buildings, and equipment | $1,268 |
| Investments—publicly traded securities | $1,217,809 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $2,108,619 |
| Accounts payable and accrued expenses | $8,527 |
| 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 | $8,527 |
| Net assets without donor restrictions | $2,100,092 |
| 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 | $2,108,619 |