Longmont Area Visitors Association Inc
- Assets
- $656.3k
- Revenue
- $576.9k
- Investments
- $0.0
- Employees
- 4
- Location
- Longmont, CO
- Founding
- 03/2009
- Data as of
- 12/2023
- EIN
- 26-2608100
Organization Overview
Longmont Area Visitors Association Inc, operating under the name Visit Longmont, is located in Longmont, CO. The organization was established in 2009. 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 12/2023, Visit Longmont employed 4 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Visit Longmont 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 12/2023, Visit Longmont generated $576.9k in total revenue. This represents relatively stable growth, over the past 9 years the organization has increased revenue by an average of 4.0% each year. All expenses for the organization totaled $545.5k during the year ending 12/2023. While expenses have increased by 4.3% per year over the past 9 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
NONPROFIT ORGANIZATION WORKING TO PROMOTE TOURISM IN THE CITY OF LONGMONT, COLORADO.
Describe the Organization's Program Activity:
Part 3 - Line 4a
WE WILL ON A YEAR ROUND BASIS, SUPPORT, PROMOTE, AND MARKET THE HISTORIC, CULTURAL, AND RECREATIONAL ACTIVITIES WHICH EXIST WITHIN A 30 MILE RADUS, WITH LONGMONT, COLORADO AT THE CENTER, TO LEISURE TRAVELERS, MEETING AND CONVENTION PLANNERS, EXISTING CONVENTIONS AND VISITORS, LOCAL GROUPS AND BUSINESSES WITH CONVENTION POSSIBILITIES, IN ORDER TO ENHANCE THE ECONOMIC WELL BEING OF OUR REGION.
WE WILL ON A YEAR ROUND BASIS, SUPPORT, PROMOTE, AND MARKET THE HISTORIC, CULTURAL, AND RECREATIONAL ACTIVITIES WHICH EXIST WITHIN A 30 MILE RADUS, WITH LONGMONT, COLORADO AT THE CENTER, TO LEISURE TRAVELERS, MEETING AND CONVENTION PLANNERS, EXISTING CONVENTIONS AND VISITORS, LOCAL GROUPS AND BUSINESSES WITH CONVENTION POSSIBILITIES, IN ORDER TO ENHANCE THE ECONOMIC WELL BEING OF OUR REGION.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Kimberlee Mckee Board Chair | Officer | $0 | |
Dave Fluegge Vice Chair | Officer | $0 | |
Stacy Litwin Treasurer | Officer | $0 | |
Jennifer Ferguson Director | Trustee | $0 | |
Katherine Spencer Inkeep Director | Trustee | $0 | |
Carla Colin Director | Trustee | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $563,684 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $563,684 |
| Total Program Service Revenue | $0 |
| Investment income | $0 |
| 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 | $576,932 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $1,000 |
| 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. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $159,235 |
| Pension plan accruals and contributions | $4,546 |
| Other employee benefits | $31,450 |
| Payroll taxes | $12,614 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $2,564 |
| Fees for services: Accounting | $88,783 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $131,927 |
| Office expenses | $13,047 |
| Information technology | $20,824 |
| Royalties | $0 |
| Occupancy | $31,131 |
| Travel | $26,279 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $1,388 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $737 |
| Insurance | $3,319 |
| All other expenses | $1,257 |
| Total functional expenses | $545,506 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $649,341 |
| Savings and temporary cash investments | $0 |
| 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 | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $6,937 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $656,278 |
| Accounts payable and accrued expenses | $5,752 |
| 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 | $6,145 |
| Total liabilities | $11,897 |
| Net assets without donor restrictions | $0 |
| 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 | $644,381 |
| Total liabilities and net assets/fund balances | $656,278 |
Grants Awarded
Over the last fiscal year, Longmont Area Visitors Association Inc has awarded $43,535 in support to 3 organizations.
| Grant Recipient | Amount |
|---|---|
LEFTHAND BREWING FOUNDATION PURPOSE: NITROFEST/OCTOBERFE | $10,185 |
LONGWOODS INTERNATIONAL USA INC PURPOSE: TRAVEL USA RESEARCH | $12,250 |
CB DESIGN PURPOSE: WAYFINDING | $21,100 |