Akron Convention And Visitors Bureau Inc, operating under the name John S Knight Center, is located in Akron, OH. The organization was established in 1976. According to its NTEE Classification (S01) the organization is classified as: Alliances & Advocacy, under the broad grouping of Community Improvement & Capacity Building and related organizations. As of 12/2022, John S Knight Center employed 111 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. John S Knight Center 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 12/2022, John S Knight Center generated $7.7m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 0.2% each year. All expenses for the organization totaled $6.5m during the year ending 12/2022. 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
PROMOTE THE CITY OF AKRON AND THE COUNTY OF SUMMIT.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE PURPOSE OF THE BUREAU IS TO ENCOURAGE NEW BUSINESS, PROMOTE TOURISM, INCREASE VISIBILITY AND GAIN FURTHER RECOGNITION OF AKRON AND SUMMIT COUNTY AS A VIBRANT BUSINESS AND TOURISM DESTINATION.
Name (title) | Role | Hours | Compensation |
---|---|---|---|
David Lieberth Vice Chairman & Interim Ch | OfficerTrustee | 1 | $0 |
Jeffrey Lynch Treasurer, Board Of Direct | OfficerTrustee | 1 | $0 |
Maureen M Schneider Secretary, Board Of Direct | OfficerTrustee | 1 | $0 |
Ismail Al-Amin Director | Trustee | 1 | $0 |
Renato Camacho Director | Trustee | 1 | $0 |
Jack Deleo Director | Trustee | 1 | $0 |
Vendor Name (Service) | Service Year | Compensation |
---|---|---|
Akron-canton Stage Employees Union Labor | 12/30/19 | $246,888 |
Northern Haserot Food Purveyor | 12/30/19 | $226,384 |
Ohio Hotel & Lodging Association Industry Trade Group | 12/30/19 | $131,608 |
Blue Ribbon Meats Food Purveyor | 12/30/19 | $119,970 |
The K Company Building Maintenance | 12/30/19 | $109,013 |
Statement of Revenue | |
---|---|
Federated campaigns | $0 |
Membership dues | $0 |
Fundraising events | $0 |
Related organizations | $0 |
Government grants | $4,461,918 |
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 | $4,461,918 |
Total Program Service Revenue | $3,077,890 |
Investment income | $22,864 |
Tax Exempt Bond Proceeds | $0 |
Royalties | $0 |
Net Rental Income | $106,600 |
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 | $7,682,701 |
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. | $359,370 |
Compensation of current officers, directors, key employees. | $0 |
Compensation to disqualified persons | $0 |
Other salaries and wages | $2,488,623 |
Pension plan accruals and contributions | $104,237 |
Other employee benefits | $277,679 |
Payroll taxes | $230,151 |
Fees for services: Management | $0 |
Fees for services: Legal | $11,414 |
Fees for services: Accounting | $17,446 |
Fees for services: Lobbying | $0 |
Fees for services: Fundraising | $0 |
Fees for services: Investment Management | $0 |
Fees for services: Other | $88,286 |
Advertising and promotion | $705,070 |
Office expenses | $66,879 |
Information technology | $25,718 |
Royalties | $0 |
Occupancy | $1,377,959 |
Travel | $28,039 |
Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
Conferences, conventions, and meetings | $3,270 |
Interest | $12,118 |
Payments to affiliates | $0 |
Depreciation, depletion, and amortization | $151,296 |
Insurance | $105,145 |
All other expenses | $0 |
Total functional expenses | $6,512,906 |
Balance Sheet | |
---|---|
Cash—non-interest-bearing | $2,558,229 |
Savings and temporary cash investments | $1,617,761 |
Pledges and grants receivable | $0 |
Accounts receivable, net | $1,378,350 |
Loans from Officers, Directors, or Controlling Persons | $0 |
Loans from Disqualified Persons | $0 |
Notes and loans receivable | $0 |
Inventories for sale or use | $64,222 |
Prepaid expenses and deferred charges | $158,524 |
Net Land, buildings, and equipment | $736,988 |
Investments—publicly traded securities | $0 |
Investments—other securities | $0 |
Investments—program-related | $0 |
Intangible assets | $0 |
Other assets | $189,800 |
Total assets | $6,703,874 |
Accounts payable and accrued expenses | $620,704 |
Grants payable | $0 |
Deferred revenue | $561,855 |
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 | $384,854 |
Unsecured mortgages and notes payable | $0 |
Other liabilities | $0 |
Total liabilities | $1,567,413 |
Net assets without donor restrictions | $3,561,515 |
Net assets with donor restrictions | $1,574,946 |
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 | $6,703,874 |