Convention & Visitors Bureau Of Monroe County Inc
- Assets
- $987.2k
- Revenue
- $1.7m
- Investments
- $0.0
- Employees
- 12
- Location
- Bloomington, IN
- Founding
- 07/1979
- Data as of
- 12/2021
- EIN
- 35-1417895
Organization Overview
Convention & Visitors Bureau Of Monroe County Inc is located in Bloomington, IN. The organization was established in 1979. 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, Convention & Visitors Bureau Of Monroe County Inc employed 12 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Convention & Visitors Bureau Of Monroe County Inc 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, Convention & Visitors Bureau Of Monroe County Inc generated $1.7m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 0.6% each year. All expenses for the organization totaled $1.3m during the year ending 12/2021. 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
TO PROMOTE CONVENTIONS, TRADE SHOWS, TOURISM AND SPECIAL EVENTS IN MONROE COUNTY, INDIANA
Describe the Organization's Program Activity:
Part 3 - Line 4a
TO PROMOTE CONVENTIONS, TRADE SHOWS, TOURISM AND SPECIAL EVENTS IN MONROE COUNTY, INDIANA
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Michael Mcafee Executive Director | Officer | 40 | $105,079 |
Kirby Brown President | OfficerTrustee | 1 | $0 |
Hollie Lutz Secretary | OfficerTrustee | 1 | $0 |
Mick Renneisen Board Member | Trustee | 1 | $0 |
Corey Parton Board Member | Trustee | 1 | $0 |
Dawn Crawford Board Member | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $140,005 |
| 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 | $140,005 |
| Total Program Service Revenue | $1,526,152 |
| Investment income | $0 |
| 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 | $1,458 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,667,615 |
| 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. | $122,442 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $374,156 |
| Pension plan accruals and contributions | $26,499 |
| Other employee benefits | $74,967 |
| Payroll taxes | $38,099 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $15,985 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $209,339 |
| Office expenses | $24,271 |
| Information technology | $24,483 |
| Royalties | $0 |
| Occupancy | $9,002 |
| Travel | $14,683 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $12,354 |
| All other expenses | $72,444 |
| Total functional expenses | $1,285,568 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $200 |
| Savings and temporary cash investments | $977,633 |
| 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 | $9,347 |
| 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 | $987,180 |
| Accounts payable and accrued expenses | $1,655 |
| 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 | $0 |
| Other liabilities | $0 |
| Total liabilities | $1,655 |
| Net assets without donor restrictions | $963,525 |
| Net assets with donor restrictions | $22,000 |
| 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 | $987,180 |
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