Medina County Convention And Visitors Bureau
- Assets
- $403.2k
- Revenue
- $351.4k
- Investments
- $1.4k
- Employees
- 2
- Location
- Medina, OH
- Founding
- 04/1992
- Data as of
- 12/2021
- EIN
- 34-1677749
Organization Overview
Medina County Convention And Visitors Bureau is located in Medina, OH. The organization was established in 1992. 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, Medina County Convention And Visitors Bureau employed 2 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Medina County Convention And Visitors 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, Medina County Convention And Visitors Bureau generated $351.4k in total revenue. The organization has seen a slow decline revenue. Over the past 7 years, revenues have fallen by an average of (1.9%) each year. All expenses for the organization totaled $227.5k during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (5.6%) per year over the past 7 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
PROMOTE TOURISM IN MEDINA COUNTY, OHIO IN ORDER TO INCREASE THE TAX BASE, PROMOTE BUSINESS AND INCREASE GROWTH IN THE COMMUNITY
Describe the Organization's Program Activity:
Part 3 - Line 4a
DOLLARS ALLOCATED ARE USED TO PROMOTE MEDINA COUNTY TO POTENTIAL VISITORS, CURRENT VISITORS AND LOCAL RESIDENTS. THE MAJORITY OF EXPENSES ARE USED TO DISTRIBUTE PUBLICATIONS SUCH AS THE MEDINA COUNTY VISITORS GUIDE. DISTRIBUTION IS MADE IN A VARIETY OF WAYS INCLUDING OUTSIDE SERVICES, TRAVEL SHOWS AND CONVENTIONS IN OHIO AND SURROUNDING STATES. LOCAL DISTRIBUTION IN OHIO IS ACCOMPLISHED BY VISITING BUSINESSES REGIONALLY AND LOCALLY. THE REMAINING DOLLARS ARE USED TO ADVERTISE AND PROMOTE LOCAL AND REGIONAL EVENT AND MEMBER BUSINESSES..
THE MAJORITY OF TRAVEL IS LOCAL, VISITING MEMBERS AND SOLICITING NEW MEMBERS. THE PURPOSE IS TO EDUCATE BUSINESS AND INDIVIDUAL MEMBERS ON THE PURPOSE OF THE BUREAU AND THE BENEFITS THE BUREAU HAS ON THE COMMUNITY. THIS ALSO INVOLVES SPEAKING ENGAGEMENTS AT LOCAL EVENTS AND MEETINGS SUCH AS THE CHAMBER OF COMMERCE. REGIONALLY AND WITHIN OHIO CONFERENCES AND EVENTS.
LOCALLY THE BUREAU BELONGS TO VARIOUS LOCAL, REGIONAL, AND STATE ORGANIZATIONS. THESE CONFERENCES HELP PROMOTE MEDINA COUNTY TO OTHER REGIONS. IT IS A MAJOR TOOL IN TRAINING OUR STAFF TO KEEP ABREAST OF THE INDUSTRY. IT ALSO OFFERS A MEDIUM TO EXCHANGE IDEAS WITH OTHERS IN OUR PROFESSION AND KEEP UP WITH LEGAL ISSUES THAT AFFECT OUR INDUSTRY. THE MAIN GOAL IS TO PROMOTE MEDINA COUNTY AS A TOURIST ATTRACTION. THE DOLLARS SPENT BY VISITORS EVENTUALLY INCREASE THE TAX BASE, PROMOTING JOBS AND MEDINA COUNTY AS A GREAT PLACE TO LIVE AND WORK.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Daniel D Hostetler Director | OfficerTrustee | 50 | $91,746 |
Jill Teubl Treasurer | OfficerTrustee | 1 | $0 |
Melissa Fox President | OfficerTrustee | 1 | $0 |
Kristina Asmann Secretary | OfficerTrustee | 1 | $0 |
Gary Abramowski Vice President | Officer | 1 | $0 |
Kelly Clement Trustee | Trustee | 1 | $0 |
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 | $351,322 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $351,322 |
| Total Program Service Revenue | $0 |
| Investment income | $34 |
| 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 | $351,356 |
| 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. | $58,673 |
| Compensation of current officers, directors, key employees. | $58,673 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $32,291 |
| Payroll taxes | $4,872 |
| Fees for services: Management | $8,048 |
| 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 | $58,241 |
| Office expenses | $27,486 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $26,835 |
| Travel | $6,070 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $257 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $4,738 |
| All other expenses | $0 |
| Total functional expenses | $227,511 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $246,077 |
| Savings and temporary cash investments | $149,204 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $405 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $6,133 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $1,425 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $403,244 |
| Accounts payable and accrued expenses | $7,367 |
| 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 | $0 |
| Unsecured mortgages and notes payable | $20,470 |
| Other liabilities | $0 |
| Total liabilities | $27,837 |
| Net assets without donor restrictions | $0 |
| 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 | $375,407 |
| Total liabilities and net assets/fund balances | $403,244 |
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