Greater Cincinnati Convention & Visitors Bureau Inc
- Assets
- $12.1m
- Revenue
- $8.8m
- Investments
- $0.0
- Employees
- 23
- Location
- Cincinnati, OH
- Founding
- 11/1946
- Data as of
- 12/2021
- EIN
- 31-0505238
Organization Overview
Greater Cincinnati Convention & Visitors Bureau Inc, operating under the name Cincinnati Usa Convention & Visitor Bureau, is located in Cincinnati, OH. The organization was established in 1946. According to its NTEE Classification (S30) the organization is classified as: Economic Development, under the broad grouping of Community Improvement & Capacity Building and related organizations. As of 12/2021, Cincinnati USA Convention & Visitor Bureau employed 23 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Cincinnati USA Convention & Visitor 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 12/2021, Cincinnati USA Convention & Visitor Bureau generated $8.8m in total revenue. The organization has seen a slow decline revenue. Over the past 7 years, revenues have fallen by an average of (0.2%) each year. All expenses for the organization totaled $6.4m during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (4.1%) per year over the past 7 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2014, Cincinnati USA Convention & Visitor Bureau has awarded 18 individual grants totaling $16,483,252. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO IMPACT THE CINCINNATI ECONOMY THROUGH CONVENTION, TRADE SHOW, AND VISITOR EXPENDITURES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
DESPITE THE CHALLENGES OF 2021, VISITY CINCY EXCEEDED OUR GOALS IN KEY ECONOMIC METRICS. ROOM NIGHTS CONTRACTED IN 2021 WILL GENERATE $105 MILLION IN THE FUTURE. CREATED NEARLY 380,000 LEAD GENERATION. HAMILTON COUNTY HOTEL ROOM REVENUE INCREASED 77% OVER 2020. MARKET SHARE INCREASED TO AN INDEX OF 106.3 OVER CINCINNATI'S COMPETITIVE SET MARKETS.
COVID RESTRICTIONS LIMITED GROUPS TO 300 ATTENDEES FROM JANUARY TO APRIL, 2021, SO VISIT CINCY FOCUSED ON REBOOKING LARGE CONVENTIONS TO LATER DATES AND HOSTING SEVERAL YOUTH SPORTS GROUPS. LARGE CONVENTIONS RETURNED FROM JUNE TO DECEMBER.
THE HAMILTON COUNTY HOTEL OCCUPANCY TAX INCREASED 83% FROM 2020 TO 2021, AND WE DRAMATICALLY REDUCED OPERATING EXPENSE. WE SECURED FUNDS FROM THE CITY OF CINCINNATI ARPA AND HAMILTON COUNTY ARPA. WE SECURED FUNDS FROM CARES ACT AND FROM HAMILTON COUNTY AND PARTNERED WITH CINCINNATI EXPERIENCE AND THE CINCINNATI USA REGIONAL CHAMBER TO PROMOTE THE REGION THROUGH ONLINE TRAVEL AGENCIES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Julie Calvert President & CEO | Officer | 40 | $207,017 |
Andrew Conklin Executive Vp, Sales & Mark | Officer | 40 | $181,962 |
Jason Dunn Vp, Diversity Sales & Incl | Officer | 40 | $128,235 |
Cynthia Flick Vp, Finance & Administrati | Officer | 40 | $126,217 |
Randie Adam Vp, Marketing & Visitor Se | Officer | 40 | $113,793 |
Jeff Berding Chair | OfficerTrustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Gameday Public Relations | 12/30/21 | $103,034 |
Empower Media Marketing | 12/30/21 | $1,658,371 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $8,683,871 |
| All other contributions, gifts, grants, and similar amounts not included above | $30,000 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $8,713,871 |
| Total Program Service Revenue | $68,652 |
| Investment income | $4,218 |
| 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 | $8,787,781 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $1,491,566 |
| 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. | $858,527 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $457,289 |
| Pension plan accruals and contributions | $29,690 |
| Other employee benefits | $113,085 |
| Payroll taxes | $125,403 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $67,108 |
| Fees for services: Accounting | $16,111 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $194,314 |
| Advertising and promotion | $13,132 |
| Office expenses | $0 |
| Information technology | $95,130 |
| 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 | $6,524 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $61,219 |
| Insurance | $14,742 |
| All other expenses | $0 |
| Total functional expenses | $6,371,720 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $9,526,917 |
| Savings and temporary cash investments | $43,832 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $2,341,675 |
| 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 | $35,690 |
| Net Land, buildings, and equipment | $115,797 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $12,063,911 |
| Accounts payable and accrued expenses | $757,635 |
| Grants payable | $1,136,099 |
| Deferred revenue | $92,098 |
| 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 | $150,000 |
| Other liabilities | $1,500,000 |
| Total liabilities | $3,635,832 |
| Net assets without donor restrictions | $6,340,144 |
| Net assets with donor restrictions | $2,087,935 |
| 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 | $12,063,911 |
Grants Awarded
Over the last fiscal year, Greater Cincinnati Convention & Visitors Bureau Inc has awarded $1,489,399 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
Covington, KY PURPOSE: CONTINUATION OF EXEMPT PURPOSE | $1,389,399 |
Cincinnati, OH PURPOSE: CONTINUATION OF EXEMPT PURPOSE | $100,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Pidc Financing Corp Philadelphia, PA | $6,556,052 | $18,403,713 |
Visit Indy Inc Indianapolis, IN | $20,981,890 | $14,589,218 |
Purchase Area Development District Inc Mayfield, KY | $0 | $14,269,202 |
The Convention And Visitors Bureau Of Greater Cleveland Inc Cleveland, OH | $25,296,918 | $17,425,666 |
Ridc Regional Growth Fund Pittsburgh, PA | $36,670,171 | $9,947,122 |
Columbus Downtown Development Corporation Columbus, OH | $118,710,723 | $12,117,471 |
Delaware County Economic Development Oversight Board Media, PA | $2,255,958 | $10,697,300 |
Metropolitan Detroit Convention & Vistors Bureau Detroit, MI | $36,765,048 | $14,015,809 |
Alleghenies Planning And Development Commission Altoona, PA | $25,721,818 | $9,986,298 |
Greater Philadelphia Tourism Marketing Corporation Philadelphia, PA | $11,403,385 | $8,019,397 |
Detroit Economic Growth Corp Detroit, MI | $7,209,211 | $10,420,774 |
Lawrence Economic Development Corporation South Point, OH | $62,339,240 | $9,945,474 |