Williamson County Convention &visitors Bureau Inc
- Assets
- $4.0m
- Revenue
- $2.7m
- Investments
- $0.0
- Employees
- 27
- Location
- Franklin, TN
- Founding
- 08/2008
- Data as of
- 06/2023
- 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 06/2023, Williamson County Convention &visitors Bureau Inc employed 27 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 06/2023, Williamson County Convention &visitors Bureau Inc generated $2.7m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 4.2% each year. All expenses for the organization totaled $2.9m during the year ending 06/2023. While expenses have increased by 6.0% per year over the past 8 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.
Since 2020, Williamson County Convention &visitors Bureau Inc has awarded 17 individual grants totaling $132,500. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2023
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 12/31/2022 STATISTICS INCLUDE 1.90 MILLION VISITORS TO THE COUNTY AND $1.95 BILLION IN DIRECT ECONOMIC IMPACT TO WILLIAMSON COUNTY. THERE WAS AN ESTIMATED $1,522 ANNUAL TAX SAVINGS PER HOUSEHOLD IN THE COUNTY DUE TO TOURISM. FINALLY, THERE WERE APPROXIMATELY 531 APPOINTMENTS WITH MEETING AND TOURNAMENT PLANNERS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Brandy Blanton Director | Trustee | 0.25 | $0 |
Chris Thomas Director | Trustee | 0.25 | $0 |
Bari Beasley Director | Trustee | 0.25 | $0 |
Dan Preston Director | Trustee | 0.25 | $0 |
Andy Marshall Immediate Past Chair | OfficerTrustee | 0.3 | $0 |
Tom Rybak Chair Elect | OfficerTrustee | 0.3 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Publicis Epsilon Collection Acct Fbo Advertising | 6/29/23 | $199,270 |
5by5 Website & Digital Services | 6/29/23 | $119,871 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $2,700,904 |
| 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 | $2,700,904 |
| Total Program Service Revenue | $83,716 |
| Investment income | $16,404 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $31,293 |
| Net Gain/Loss on Asset Sales | $288 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | -$89,911 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $2,742,694 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $35,000 |
| 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. | $322,655 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $714,953 |
| Pension plan accruals and contributions | $34,258 |
| Other employee benefits | $118,122 |
| Payroll taxes | $74,035 |
| Fees for services: Management | $35,279 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $22,111 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $3,147 |
| Fees for services: Other | $353,283 |
| Advertising and promotion | $469,030 |
| Office expenses | $96,864 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $33,886 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $37,740 |
| Interest | $68,427 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $43,523 |
| Insurance | $6,992 |
| All other expenses | $79,608 |
| Total functional expenses | $2,887,600 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $600 |
| Savings and temporary cash investments | $1,257,674 |
| Pledges and grants receivable | $2,257 |
| 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 | $41,582 |
| Prepaid expenses and deferred charges | $2,200 |
| Net Land, buildings, and equipment | $2,728,160 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $4,032,473 |
| Accounts payable and accrued expenses | $120,706 |
| 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 | $2,673,062 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $2,805,356 |
| Net assets without donor restrictions | $1,227,117 |
| 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 | $4,032,473 |
Grants Awarded
Over the last fiscal year, Williamson County Convention &visitors Bureau Inc has awarded $32,500 in support to 4 organizations.
| Grant Recipient | Amount |
|---|---|
TENNESSEE GOLF FOUNDATION PURPOSE: SPONSER EVENT IN COUNTY | $10,000 |
ALLIANCE VOLLEYBALL CLUB PURPOSE: SPONSOR EVENT IN COUNTY | $7,500 |
TENNESSEE SOCCER CLUB PURPOSE: SPONSOR EVENT IN COUNTY | $7,500 |
WORLD HOCKEY EVENTS LLC PURPOSE: SPONSER EVENT IN COUNTY | $7,500 |