San Francisco Tourism Improvement District Management Corporation is located in San Francisco, 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. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. San Francisco Tourism Improvement District Management Corporation 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, San Francisco Tourism Improvement District Management Corporation generated $21.3m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 5 years, the organization has seen revenues fall by an average of (17.2%) each year. All expenses for the organization totaled $21.3m during the year ending 06/2022. As we would expect to see with falling revenues, expenses have declined by (21.6%) per year over the past 5 years. 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
GOVERNED BY A BOARD OF INDUSTRY REPRESENTATIVES, HELPS ENSURES THAT THE FUNDS ARE USED TO BENEFIT THE ASSESSED BUSINESSES BY ALLOCATING THEM TO SAN FRANCISCO TRAVEL PROGRAMS THAT DRAW CONVENTIONS, MEETINGS, EVENTS AND LEISURE TRAVELERS TO SAN FRANCISCO, AND BY KEEPING THE CITY'S CONVENTION FACILITIES COMPETITIVE WITH THOSE OF OTHER MAJOR CITIES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
TID PROGRAM SERVICES ACTIVITIES: CONVENTION AND MEETING SALES - DURING FY 2021-22, THERE WERE OVER 850 MEETINGS (7 MOSCONE EVENTS) HELD IN SAN FRANCISCO, $222.2 MILLION IN DIRECT SPENDING, 641,700 ROOM NIGHTS BOOKED. ATTENDED 72 VIRTUAL MEETINGS AND 18 IN PERSON MEETINGS, TRADE SHOWS AND EVENTS INCLUDING MEETING PROFESSIONAL INTERNATIONAL, PROFESSIONAL CONVENTION MANAGEMENT ASSOCIATION AND INTERNATIONAL POWWOW. MARKETING PROMOTION - DURING FY 2021-22, THERE WERE OVER 17.0 MILLION VISITORS TO SAN FRANCISCO SPENDING OVER $3.6 BILLION DOLLARS. THE VISITOR INFORMATION CENTER WAS CLOSED; SFTRAVEL.COM WEBSITE HAD 3.1 MILLION VISITORS, VARIOUS WEB PUBLICATIONS ATTRACTED MILLIONS OF IMPRESSIONS AND SF TRAVEL PRODUCED VARIOUS PUBLICATIONS. TOURISM SALES AND MARKETING - DURING FY 2021-22, THERE WERE OVER 1.2 MILLION INTERNATIONAL VISITORS TO SAN FRANCISCO WHO SPENT ALMOST $1.4 BILLION DOLLARS. SF TRAVEL HS REPRESENTATION IN 13 INTERNATIONAL TRAVEL OFFICE. PARTNERED WITH SFO ON 7 NEW AIR SERVICE LAUNCHES, HOSTED 110 TRAVEL PROFESSIONALS, ATTENDED 6 INTERNATIONAL AND DOMESTIC TRADE SHOWS, HOSTED 185 JOURNALISTS AND OBTAINED WIDE MEDIA COVERAGE.
MED PROGRAM SERVICE ACTIVITIES: DURING FY 2021-22, MED FUNDS WERE ALLOCATED TOWARDS THE DEBT SERVICE DUE TO THE CITY. ALLOCATED FUNDS, PER THE MED PLAN WERE ALLOCATED TO OFFSET MOSCONE RENT TO ENTICE GROUPS TO BOOK FUTURE DATES AT MOSCONE. FUNDS WERE ALSO ALLOCATED TO THE MOSCONE RENOVATION FUNDS FOR THE UPKEEP AND MAINTENANCE OF MOSCONE CENTER.
SF WELCOME AMBASSADOR PROGRAM: FUNDS WERE ALLOCATED TO BLOCK BY BLOCK, THE AMBASSADOR VENDOR FOR THE PROGRAM, TO STAFF 100+ STAFF DEPLOYED IN THE ASSIGNED AREAS, SPECIFICALLY TOURIST AREAS, TO PROVIDE PROGRAM SERVICES RANGING FROM PROVIDING INFORMATION ABOUT THE CITY, DIRECTIONS, RECOMMENDATIONS, WELL-BEING CHECKS, REPORTING CLEANLINESS PROBLEMS, AND ENSURING GROUPS BOOKED AT MOSCONE AND SF HOTELS FELT SAFE AND WELCOME. FUNDS WERE ALLOCATED TO SF TRAVEL TO OVERSEE THE ADMINISTRATIVE RESPONSIBILITIES OF THE GRANT PROGRAM. FUNDS WERE ALLOCATED TO THE TID FOR THE PAYROLL OF THE PROGRAM DIRECTOR AND ALL RELATED EXPENSES TO THE DIRECTOR'S OVERSIGHT OF THE PROGRAM. FUNDS WERE ALLOCATED TO URBAN PLACE CONSULTING TO HELP ADVISE THE PROGRAM ON CHALLENGES BEYOND THE SCOPE OF WORK THAT SF TRAVEL OR THE TID DID NOT HAVE EXPERTISE IN. FUNDS ARE ALLOCATED TO DESTINATIONSANALYSTS TO PROVIDE PROGRAM SURVEYS TO ASSESS THE PROGRAM'S SUCCESSES AND CHALLENGES.
Name (title) | Role | Hours | Compensation |
---|---|---|---|
Amanda Hall Hospitality Ambassador Pgrm Director | 40 | $128,864 | |
Joe D'alessandro President/ceo | Officer | 2 | $0 |
Tina Wu Evp, CFO | Officer | 2 | $0 |
Paul Frentsos COO | Officer | 2 | $0 |
Stefan Muhle Chair | OfficerTrustee | 2 | $0 |
Ingrid Summerfield Vice-Chair | OfficerTrustee | 2 | $0 |
Vendor Name (Service) | Service Year | Compensation |
---|---|---|
Block By Block Ca Hospitality | 6/29/22 | $3,673,420 |
City And County Of San Francisco Contractor | 6/29/22 | $252,217 |
Urban Place Consulting Group Inc Consulting | 6/29/22 | $168,000 |
Futterman Dupree Dodd Croley Maier Legal | 6/29/22 | $106,451 |
San Francisco Travel Association Management | 6/29/22 | $517,637 |
Statement of Revenue | |
---|---|
Federated campaigns | $0 |
Membership dues | $0 |
Fundraising events | $0 |
Related organizations | $0 |
Government grants | $4,401,946 |
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 | $4,401,946 |
Total Program Service Revenue | $16,863,724 |
Investment income | $15,736 |
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 | $21,281,406 |
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. | $0 |
Compensation of current officers, directors, key employees. | $0 |
Compensation to disqualified persons | $0 |
Other salaries and wages | $128,864 |
Pension plan accruals and contributions | $0 |
Other employee benefits | $0 |
Payroll taxes | $9,446 |
Fees for services: Management | $517,637 |
Fees for services: Legal | $106,451 |
Fees for services: Accounting | $0 |
Fees for services: Lobbying | $0 |
Fees for services: Fundraising | $0 |
Fees for services: Investment Management | $0 |
Fees for services: Other | $4,271,000 |
Advertising and promotion | $0 |
Office expenses | $5,514 |
Information technology | $0 |
Royalties | $0 |
Occupancy | $0 |
Travel | $0 |
Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
Conferences, conventions, and meetings | $0 |
Interest | $231,670 |
Payments to affiliates | $0 |
Depreciation, depletion, and amortization | $0 |
Insurance | $58,295 |
All other expenses | $0 |
Total functional expenses | $21,257,311 |
Balance Sheet | |
---|---|
Cash—non-interest-bearing | $0 |
Savings and temporary cash investments | $4,866,031 |
Pledges and grants receivable | $1,320,000 |
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 | $0 |
Investments—publicly traded securities | $0 |
Investments—other securities | $0 |
Investments—program-related | $0 |
Intangible assets | $0 |
Other assets | $6,188 |
Total assets | $6,192,219 |
Accounts payable and accrued expenses | $3,051,104 |
Grants payable | $0 |
Deferred revenue | $1,905,054 |
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 | $4,000,000 |
Unsecured mortgages and notes payable | $0 |
Other liabilities | $0 |
Total liabilities | $8,956,158 |
Net assets without donor restrictions | -$2,763,939 |
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 | $6,192,219 |