Beverly Hills Conference & Visitors Bureau
- Assets
- $1.2m
- Revenue
- $3.6m
- Investments
- $0.0
- Employees
- 10
- Location
- Beverly Hills, CA
- Founding
- 11/2009
- Data as of
- 06/2022
- EIN
- 26-4725328
Organization Overview
Beverly Hills Conference & Visitors Bureau is located in Beverly Hills, CA. 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 06/2022, Beverly Hills Conference & Visitors Bureau employed 10 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Beverly Hills Conference & Visitors Bureau 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, Beverly Hills Conference & Visitors Bureau generated $3.6m in total revenue. The organization has seen a slow decline revenue. Over the past 7 years, revenues have fallen by an average of (0.7%) each year. All expenses for the organization totaled $4.0m during the year ending 06/2022. 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
THE BEVERLY HILLS CONFERENCE AND VISITORS BUREAU, THE CITY'S PRIMARY MARKETING ORGANIZATION IS DEDICATED TO ENHANCING THE COMMUNITY'S ECONOMIC AND SOCIAL VITALITY BY INCREASING VISITOR TRAFFIC THROUGH THE DEVELOPMENT AND EXECUTION OF ONE-OF-A KIND, CREATIVE INITIATIVES DESIGNED TO DRIVE INCREMENTAL BUSINESS TO LOCAL MERCHANTS, RESTAURANTS, HOTELIERS AND ATTRACTIONS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
MARKETING/TOURISM REPRESENTS ALL ACTIVITIES DEDICATED TO BRINGING VISITORS TO BEVERLY HILLS TO STAY, SHOP, DINE AND VISIT CITY ATTRACTIONS. VISITORS ARE DEFINED AS LOCAL, REGIONAL, DOMESTIC AND INTERNATIONAL. MARKETING INITIATIVES TARGET TRAVEL TRADE, MEDIA AND CONSUMERS DIRECTLY.
VISITOR SERVICES REPRESENTS ALL ACTIVITIES DEDICATED TO VISITORS ONCE THEY ARRIVE IN BEVERLY HILLS TO ENSURE THE BEST POSSIBLE STAY. EFFORTS INCLUDE EVENTS, IN-MARKET COLLATERAL AND AMBASSADOR SERVICES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Julie Wagner CEO | Officer | 40 | $191,881 |
Robert Bibeault Marketing Director | 40 | $131,971 | |
Linda Briskman Director | OfficerTrustee | 2 | $0 |
Eliot Finkel Director | OfficerTrustee | 2 | $0 |
Offer Nissenbaum Director | OfficerTrustee | 2 | $0 |
Sandy Murphy Director | OfficerTrustee | 2 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Madden Media Marketing Agency | 6/29/21 | $296,841 |
Sparkloft Media Marketing Agency | 6/29/21 | $218,371 |
Sojern Inc Marketing Agency | 6/29/21 | $205,000 |
Stripe Marketing Agency | 6/29/21 | $174,455 |
Travelscape Llc Advertising Agency | 6/29/21 | $124,801 |
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 | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $3,630,990 |
| Investment income | $557 |
| 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 | $3,646,127 |
| 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. | $171,158 |
| Compensation of current officers, directors, key employees. | $60,701 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $623,326 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $140,934 |
| Payroll taxes | $57,321 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $4,818 |
| Fees for services: Accounting | $83,398 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $2,271,356 |
| Office expenses | $0 |
| Information technology | $229,370 |
| Royalties | $0 |
| Occupancy | $181,669 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $69,525 |
| Insurance | $0 |
| All other expenses | $41,521 |
| Total functional expenses | $4,009,316 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $636,547 |
| Savings and temporary cash investments | $261,344 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $150,000 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $14,715 |
| Prepaid expenses and deferred charges | $38,744 |
| Net Land, buildings, and equipment | $32,858 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $39,107 |
| Total assets | $1,173,315 |
| Accounts payable and accrued expenses | $230,704 |
| 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 | $51,266 |
| Total liabilities | $281,970 |
| Net assets without donor restrictions | $352,529 |
| Net assets with donor restrictions | $538,816 |
| 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 | $1,173,315 |
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|---|---|---|
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Scottsdale Convention And Vistors Bureau Inc Scottsdale, AZ | $8,006,659 | $12,242,411 |
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California Life Sciences Association San Diego, CA | $8,698,147 | $9,649,305 |