Williamson County Convention &visitors Bureau Inc
- Assets
- $4.2m
- Revenue
- $2.1m
- Investments
- $0.0
- Employees
- 26
- Location
- Franklin, TN
- Founding
- 08/2008
- Data as of
- 06/2022
- EIN
- 26-0600935
Organization Overview
Williamson County Convention &visitors Bureau Inc is located in Franklin, TN. The organization was established in 2008. 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 06/2022, Williamson County Convention &visitors Bureau Inc employed 26 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Williamson County Convention &visitors Bureau 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 06/2022, Williamson County Convention &visitors Bureau Inc generated $2.1m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 1.1% each year. All expenses for the organization totaled $2.5m during the year ending 06/2022. While expenses have increased by 4.6% 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
TO ATTRACT THE WORLD TO WILLIAMSON COUNTY
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE CYE 12/31/2021 STATISTICS INCLUDE 1.73 MILLION VISITORS TO THE COUNTY AND $1.04 BILLION IN DIRECT ECONOMIC IMPACT TO WILLIAMSON COUNTY. THERE WAS AN ESTIMATED $1,111 ANNUAL TAX SAVINGS PER HOUSEHOLD IN THE COUNTY DUE TO TOURISM. FINALLY, THERE WERE APPROXIMATELY 422 APPOINTMENTS WITH MEETING AND TOURNAMENT PLANNERS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Lauren Ward Vice President, Marketing | 40 | $112,793 | |
Stacey Garcia Director Of Finance & Admi | Officer | 40 | $77,581 |
Maureen Thornton Beg 0721 President & CEO | Officer | 40 | $73,965 |
Eric Stuckey Secretary | OfficerTrustee | 0.3 | $0 |
Steve Smith Treasurer | OfficerTrustee | 0.3 | $0 |
Andy Marshall Immediate Past Chair | Officer | 0.3 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Publicis Epsilon Collection Acct Fbo Advertising | 6/29/21 | $442,481 |
Blue Cross Blue Shield Of Tn Health Plan | 6/29/21 | $106,916 |
Atiba Software Website Development | 6/29/21 | $115,436 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $2,061,656 |
| All other contributions, gifts, grants, and similar amounts not included above | $3,000 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $2,064,656 |
| Total Program Service Revenue | $74,662 |
| Investment income | $4,021 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $7,762 |
| 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 | -$19,276 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $2,137,464 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $32,500 |
| 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. | $197,635 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $765,221 |
| Pension plan accruals and contributions | $34,916 |
| Other employee benefits | $99,717 |
| Payroll taxes | $71,558 |
| Fees for services: Management | $6,000 |
| Fees for services: Legal | $138 |
| Fees for services: Accounting | $10,465 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $2,887 |
| Fees for services: Other | $228,009 |
| Advertising and promotion | $467,625 |
| Office expenses | $65,194 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $27,059 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $16,535 |
| Interest | $55,219 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $45,181 |
| Insurance | $5,438 |
| All other expenses | $41,401 |
| Total functional expenses | $2,492,784 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $600 |
| Savings and temporary cash investments | $1,366,324 |
| Pledges and grants receivable | $0 |
| 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 | $26,563 |
| Prepaid expenses and deferred charges | $3,160 |
| Net Land, buildings, and equipment | $2,788,410 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $4,185,057 |
| Accounts payable and accrued expenses | $72,553 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $11,588 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $2,728,893 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $2,813,034 |
| Net assets without donor restrictions | $1,372,023 |
| 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 | $4,185,057 |
Grants Awarded
Over the last fiscal year, Williamson County Convention &visitors Bureau Inc has awarded $30,000 in support to 4 organizations.
| Grant Recipient | Amount |
|---|---|
ALLIANCE VOLLEYBALL CLUB PURPOSE: SPONSOR EVENT IN COUNTY | $8,000 |
TRIPLE CROWN SPORTS INC PURPOSE: SPONSER EVENT IN COUNTY | $7,500 |
WORLD HOCKEY EVENTS LLC PURPOSE: SPONSER EVENT IN COUNTY | $7,500 |
Brentwood, TN PURPOSE: SPONSOR EVENT IN COUNTY | $7,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Mississippi County Arkansas Economic Opportunity Commission In Blytheville, AR | $4,387,153 | $19,452,667 |
South Alabama Regional Planning Commission Mobile, AL | $10,162,715 | $18,722,811 |
Atlanta Convention & Vistors Bureau Inc Atlanta, GA | $20,280,984 | $17,066,911 |
Memphis Convention And Visitors Bureau Memphis, TN | $38,589,779 | $17,172,027 |
St Louis Economic Development Partnership Saint Louis, MO | $27,235,860 | $13,883,018 |
Purchase Area Development District Inc Mayfield, KY | $0 | $14,269,202 |
Tennessee Technology Development Corporation Nashville, TN | $18,062,853 | $12,109,273 |
Riverfront Development Corporation Memphis, TN | $39,591,502 | $20,233,137 |
Chattanooga Area Convention And Visitors Bureau Inc Chattanooga, TN | $6,892,228 | $12,124,566 |
Nash-Edgecombe Economic Development Inc Rocky Mount, NC | $2,214,551 | $9,450,498 |
Convention & Visitors Bureau Of Greater Kansas City Kansas City, MO | $12,878,337 | $11,432,355 |
Alexandria Economic Development Partnership Inc Alexandria, VA | $1,919,174 | $9,268,061 |