Destination Management Inc
- Assets
- $7.2k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 7
- Location
- Lawrence, KS
- Founding
- 09/2008
- Data as of
- 12/2018
- EIN
- 26-0838628
Organization Overview
Destination Management Inc is located in Lawrence, KS. The organization was established in 2008. According to its NTEE Classification (S41) the organization is classified as: Chambers of Commerce & Business Leagues, under the broad grouping of Community Improvement & Capacity Building and related organizations. As of 12/2018, Destination Management Inc employed 7 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Destination Management 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 12/2018, Destination Management Inc generated $15.0k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 4 years, the organization has seen revenues fall by an average of (65.0%) each year. All expenses for the organization totaled $15.7k during the year ending 12/2018. As we would expect to see with falling revenues, expenses have declined by (64.9%) per year over the past 4 years. You can explore the organizations financials more deeply in the financial statements section below.
Form
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2018
Describe the Organization's Program Activity:
Part 3
TO PROMOTE TOURISM AND TRAVEL TO THE CITY OF LAWRENCE TO BENEFIT BUSINESSES THROUGHOUT THE CITY OF LAWRENCE AND OUTLYING AREAS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Stuart Boley Director | 1 | $0 | |
Deanell Reece Tacha Chairman/officr | 1 | $0 | |
Nancy Thellman Director | 1 | $0 | |
Diane Stoddard Director | 1 | $0 | |
Joan Golden Treasurer | 1 | $0 | |
Sarah Plinsky Director | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $15,000 |
| Total Program Service Revenue | $0 |
| Membership dues | $0 |
| Investment income | $0 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $15,000 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $0 |
| Professional fees and other payments to independent contractors | $2,755 |
| Occupancy, rent, utilities, and maintenance | $0 |
| Printing, publications, postage, and shipping | $0 |
| Other expenses | $12,965 |
| Total expenses | $15,720 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $7,174 |
| Other assets | $0 |
| Total assets | $7,174 |
| Total liabilities | $0 |
| Net assets or fund balances | $7,174 |