Greater Cincinnati Convention & Visitors Bureau Inc
- Assets
- $19.8m
- Revenue
- $11.6m
- Investments
- $8.4m
- Employees
- 24
- Location
- Cincinnati, OH
- Founding
- 11/1946
- Data as of
- 12/2023
- 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 12/2023, Cincinnati USA Convention & Visitor Bureau employed 24 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 12/2023, Cincinnati USA Convention & Visitor Bureau generated $11.6m in total revenue. This represents relatively stable growth, over the past 9 years the organization has increased revenue by an average of 3.0% each year. All expenses for the organization totaled $9.0m during the year ending 12/2023. While expenses have increased by 0.6% 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.
Since 2014, Cincinnati USA Convention & Visitor Bureau has awarded 22 individual grants totaling $20,769,642. 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
2023
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
ROOM NIGHTS CONTRACTED IN 2023 EXCEEDED 2022 BY APPROXIMATELY 16%. VISIT CINCY CREATED NEARLY 415,000 ROOM NIGHTS OF LEAD GENERATION. MARKET SHARE INCREASED TO AN INDEX OF 106.3 OVER CINCINNATI'S COMPETITIVE SET MARKETS.
COVID RESTRICTIONS WERE REMOVED SO VISIT CINCY FOCUSED ON REBOOKING LARGE CONVENTIONS TO LATER DATES AND HOSTING SEVERAL YOUTH SPORTS GROUPS. LARGE CONVENTIONS RETURNED IN 2022 AND 2023.
THE HAMILTON COUNTY HOTEL OCCUPANCY TAX INCREASED 10% FROM 2022 TO 2023, AND WE INCREASED OPERATING AND STAFFING EXPENSES BY APPROXIMATELY 27% AS BUSINESS GOT BACK TO PRE-COVID LEVELS. WE CONTINUED TO RECEIVE FUNDING THROUGH ARPA FUNDS FROM THE CITY AND COUNTY. THIS FUNDING TO RUN THROUGH OCTOBER OF 2024.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Julie Calvert President & CEO | OfficerTrustee | 40 | $293,232 |
Andrew Conklin Executive Vp, Sales & Mktg | Officer | 40 | $277,694 |
Deana Taylor- Brewer Vp, Hr & Employee Engageme | Officer | 40 | $192,164 |
Randie Adam Vp,mktg & Visitor Service | Officer | 40 | $175,043 |
Linda Jeanmougin Vp, Finance & Operations | 40 | $120,018 | |
Karen Forgus Director | Trustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Empower Media Marketing | 12/30/21 | $1,658,371 |
Gameday Public Relations | 12/30/21 | $103,034 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $11,195,471 |
| 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 | $11,225,471 |
| Total Program Service Revenue | $174,811 |
| Investment income | $293,051 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$49,835 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $11,644,351 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $3,025,646 |
| 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. | $1,057,945 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,831,159 |
| Pension plan accruals and contributions | $18,555 |
| Other employee benefits | $266,969 |
| Payroll taxes | $0 |
| Fees for services: Management | $1,002 |
| 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 | $0 |
| Advertising and promotion | $126,936 |
| Office expenses | $267,341 |
| Information technology | $235,444 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $46,175 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $291,324 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $285,263 |
| Insurance | $0 |
| All other expenses | $135,502 |
| Total functional expenses | $8,978,265 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $7,071,916 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $2,978,056 |
| 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 | $155,377 |
| Net Land, buildings, and equipment | $110,403 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $8,408,936 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $1,101,764 |
| Total assets | $19,826,452 |
| Accounts payable and accrued expenses | $678,026 |
| Grants payable | $0 |
| Deferred revenue | $1,134,617 |
| 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 | $1,624,158 |
| Total liabilities | $3,436,801 |
| Net assets without donor restrictions | $14,253,261 |
| Net assets with donor restrictions | $2,136,390 |
| 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 | $19,826,452 |
Grants Awarded
Over the last fiscal year, Greater Cincinnati Convention & Visitors Bureau Inc has awarded $3,025,646 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
REGIONAL TOURISM ALLIANCE PURPOSE: CONTINUATION OF EXEMPT PURPOSE | $2,775,646 |
SOURCE CINCINNATI PURPOSE: CONTINUATION OF EXEMPT PURPOSE | $250,000 |