Greater Pittsburgh Convention & Visitors Bureau Inc
- Assets
- $10.2m
- Revenue
- $8.2m
- Investments
- $738.1k
- Employees
- 42
- Location
- Pittsburgh, PA
- Founding
- 05/1937
- Data as of
- 12/2021
- EIN
- 25-0729260
Organization Overview
Greater Pittsburgh Convention & Visitors Bureau Inc, operating under the name Visitpittsburgh, is located in Pittsburgh, PA. The organization was established in 1937. According to its NTEE Classification (S30) the organization is classified as: Economic Development, under the broad grouping of Community Improvement & Capacity Building and related organizations. As of 12/2021, Visitpittsburgh employed 42 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Visitpittsburgh 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, Visitpittsburgh generated $8.2m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (4.8%) each year. All expenses for the organization totaled $7.1m during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (6.5%) 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
VISITPITTSBURGH IS A TOURISM DEVELOPMENT ORGANIZATION DEDICATED TO EXPANDING THE TOURISM ECONOMY ACROSS ALLEGHENY COUNTY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
AS THE OFFICIAL TOURISM DEVELOPMENT ORGANIZATION FOR ALLEGHENY COUNTY, VISITPITTSBURGH IS DEDICATED TO GENERATING DIRECT ECONOMIC IMPACT FOR TRAVEL-RELATED BUSINESSES THROUGH THE ATTRACTION AND DEVELOPMENT OF BUSINESS EVENTS, SPORTS EVENTS, AND LEISURE TOURISM FOR THE PITTSBURGH REGION.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jerad Bachar President & CEO | Officer | 35 | $306,176 |
Karen Fisher Chief Financial Officer | Officer | 35 | $193,819 |
Tom Loftus Chief Marketing Officer | Officer | 35 | $172,152 |
Jennifer Hawkins Executive Director Sports Dev. | 35 | $140,815 | |
Mary Grasha Houpt Vice President, Human Resources | 35 | $128,137 | |
Jennifer Vacek Director, Convention Sales | 35 | $107,934 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Aeg Management Pittsburgh Llc Event Expenses-ncaa Volleyball | 12/30/20 | $301,549 |
Magna5 Ms Llc Computer Services/consulting | 12/30/20 | $110,017 |
Aeg Management Pittsburgh Llc Event Expenses-ncaa Volleyball | 12/30/20 | $301,549 |
Tempest Interactive Media Llc Website | 12/30/20 | $111,683 |
Magna5 Ms Llc Computer Services/consulting | 12/30/20 | $110,017 |
Tempest Interactive Media Llc Website | 12/30/20 | $111,683 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $627,573 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $6,669,236 |
| 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 | $7,296,809 |
| Total Program Service Revenue | $456,645 |
| Investment income | $165,404 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $273,270 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | -$5,944 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $8,196,256 |
| 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. | $738,586 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $2,339,033 |
| Pension plan accruals and contributions | $135,564 |
| Other employee benefits | $430,106 |
| Payroll taxes | $183,889 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $14,951 |
| Fees for services: Accounting | $33,750 |
| Fees for services: Lobbying | $56,807 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $21,488 |
| Fees for services: Other | $99,619 |
| Advertising and promotion | $891,736 |
| Office expenses | $369,173 |
| Information technology | $106,675 |
| Royalties | $0 |
| Occupancy | $518,714 |
| Travel | $166,540 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $11,084 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $112,533 |
| Insurance | $30,485 |
| All other expenses | $4,234 |
| Total functional expenses | $7,072,565 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $2,688,709 |
| Pledges and grants receivable | $806,079 |
| Accounts receivable, net | $0 |
| 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 | $210,092 |
| Net Land, buildings, and equipment | $328,076 |
| Investments—publicly traded securities | $5,385,832 |
| Investments—other securities | $738,107 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $53,770 |
| Total assets | $10,210,665 |
| Accounts payable and accrued expenses | $2,281,351 |
| Grants payable | $0 |
| Deferred revenue | $38,266 |
| 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 | $1,203,407 |
| Total liabilities | $3,523,024 |
| Net assets without donor restrictions | $6,687,641 |
| 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 | $10,210,665 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Greater Pittsburgh Convention & Visitors Bureau Inc has recieved totaling $25,000.
| Awarding Organization | Amount |
|---|---|
Allegheny Conference On Community Development Pittsburgh, PA PURPOSE: PROGRAM SUPPORT | $25,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Pidc Financing Corp Philadelphia, PA | $6,556,052 | $18,403,713 |
Insitech Inc Warren, NJ | $450,270 | $14,466,949 |
The Convention And Visitors Bureau Of Greater Cleveland Inc Cleveland, OH | $25,296,918 | $17,425,666 |
Ridc Regional Growth Fund Pittsburgh, PA | $36,670,171 | $9,947,122 |
Columbus Downtown Development Corporation Columbus, OH | $118,710,723 | $12,117,471 |
Delaware County Economic Development Oversight Board Media, PA | $2,255,958 | $10,697,300 |
Riverfront Development Corporation Of Delaware Wilmington, DE | $140,150,021 | $1,670,893 |
East Baltimore Development Inc Baltimore, MD | $12,751,192 | $30,262,944 |
Alleghenies Planning And Development Commission Altoona, PA | $25,721,818 | $9,986,298 |
Sports Fans Coalition Ny Inc Ronkonkoma, NY | $633,460 | $8,459,536 |
Montgomery County Economic Development Corporation Rockville, MD | $2,827,028 | $7,933,113 |
Greater Philadelphia Tourism Marketing Corporation Philadelphia, PA | $11,403,385 | $8,019,397 |