San Francisco Tourism Improvement District Management Corporation
- Assets
- $3.5m
- Revenue
- $4.6m
- Investments
- $0.0
- Employees
- 0
- Location
- San Francisco, CA
- Founding
- 12/2009
- Data as of
- 06/2021
- EIN
- 26-4814856
Organization Overview
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 06/2021, San Francisco Tourism Improvement District Management Corporation generated $4.6m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 6 years, the organization has seen revenues fall by an average of (33.5%) each year. All expenses for the organization totaled $5.7m during the year ending 06/2021. As we would expect to see with falling revenues, expenses have declined by (28.0%) per year over the past 6 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
2021
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
CONVENTION AND MEETING SALES - DURING FY 2020-21, THERE WERE 62 MEETINGS HELD IN SAN FRANCISCO, $8.2 MILLION IN DIRECT SPENDING, 20,028 ROOM NIGHTS BOOKED. ATTENDED 3 TRADE SHOWS AND EVENTS INCLUDING MEETING PROFESSIONAL INTERNATIONAL, PROFESSIONAL CONVENTION MANAGEMENT ASSOCIATION AND INTERNATIONAL POWWOW.
MARKETING PROMOTION - DURING FY 2020-21, THERE WERE OVER 14.8 MILLION VISITORS TO SAN FRANCISCO SPENDING OVER $2.98 BILLION DOLLARS. THE VISITOR INFORMATION CENTER WAS CLOSED; SFTRAVEL.COM WEBSITE HAD 2.82 MILLION VISITORS, VARIOUS WEB PUBLICATIONS ATTRACTED MILLIONS OF IMPRESSIONS AND SF TRAVEL PRODUCED VARIOUS PUBLICATIONS.
TOURISM SALES AND MARKETING - DURING FY 2020-21, THERE WERE OVER 480,792 INTERNATIONAL VISITORS TO SAN FRANCISCO WHO SPENT ALMOST $1.0 BILLION DOLLARS. SF TRAVEL HS REPRESENTATION IN 13 INTERNATIONAL TRAVEL OFFICE. PARTNERED WITH SFO ON 6 NEW AIR SERVICE, HOSTED 85 TRAVEL PROFESSIONALS, ATTENDED 6 INTERNATIONAL AND DOMESTIC TRADE SHOWS, HOSTED 75 JOURNALISTS AND OBTAINED WIDE MEDIA COVERAGE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Matthew Humphreys Secretary/treasurer | OfficerTrustee | 2 | $0 |
Ingrid Summerfield Vice-Chair | OfficerTrustee | 2 | $0 |
Stefan Muhle Chair | OfficerTrustee | 2 | $0 |
Joe D'alessandro President/ceo | Officer | 2 | $0 |
Tina Wu CFO | Officer | 2 | $0 |
Paul Frentsos COO | Officer | 2 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Webcor Construction Lp Construction Services | 6/29/20 | $20,480,714 |
Skidmore Owings & Merrill Llp Architectural Services | 6/29/20 | $992,180 |
Moscone Center Furniture, Fixture, Equipment Services | 6/29/20 | $489,605 |
Mike Deely Investigations Security Services | 6/29/20 | $120,628 |
Webcor Construction Lp Construction Services | 6/29/20 | $20,480,714 |
San Francisco Police Department Security Services | 6/29/20 | $208,920 |
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 | $4,605,667 |
| Investment income | $474 |
| 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 | $4,606,141 |
| 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 | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $697,201 |
| Fees for services: Legal | $0 |
| 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 | $103,961 |
| Advertising and promotion | $0 |
| Office expenses | $1,404 |
| 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 | $266,146 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $5,076 |
| All other expenses | $0 |
| Total functional expenses | $5,650,770 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $3,453,469 |
| 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 | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $3,453,469 |
| Accounts payable and accrued expenses | $1,241,503 |
| 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 | $5,000,000 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $6,241,503 |
| Net assets without donor restrictions | -$2,788,034 |
| 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 | $3,453,469 |
Peer Organizations
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|---|---|---|
Chinatown Service Center Los Angeles, CA | $26,778,687 | $27,867,616 |
Sag-Aftra & Industry Sound Recordings Distribution Fund Valley Village, CA | $48,142,351 | $13,604,136 |
Electric & Gas Industries Association Sacramento, CA | $14,735,713 | $15,175,016 |
American Pistachio Growers Fresno, CA | $11,494,323 | $15,365,842 |
National Council For Prescription Drug Programs Inc Scottsdale, AZ | $21,339,680 | $12,526,720 |
Travel Portland Portland, OR | $18,865,244 | $9,767,566 |
California Society Of Certified Public Accountants Burlingame, CA | $29,880,424 | $13,544,885 |
Scottsdale Convention And Vistors Bureau Inc Scottsdale, AZ | $8,006,659 | $12,242,411 |
Sustainable Apparel Coalition Inc Oakland, CA | $12,069,125 | $10,210,019 |
Portland Business Alliance Portland, OR | $2,909,182 | $8,830,293 |
California Certified Public Accountants Foundation Burlingame, CA | $12,236,942 | $9,436,468 |
California Life Sciences Association San Diego, CA | $8,698,147 | $9,649,305 |