Convention & Visitors Bureau Of Monroe County Inc
- Assets
- $572.3k
- Revenue
- $2.0m
- Investments
- $0.0
- Employees
- 14
- Location
- Bloomington, IN
- Founding
- 07/1979
- Data as of
- 12/2023
- 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 12/2023, Convention & Visitors Bureau Of Monroe County Inc employed 14 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 12/2023, Convention & Visitors Bureau Of Monroe County Inc generated $2.0m in total revenue. This represents relatively stable growth, over the past 9 years the organization has increased revenue by an average of 2.5% each year. All expenses for the organization totaled $2.3m during the year ending 12/2023. While expenses have increased by 5.3% 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.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2023
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 |
|---|---|---|---|
Aleisha Kropf Board Member | Trustee | 1 | $0 |
Anna Caroline Mullis Board Member | Trustee | 1 | $0 |
Dawn Crawford Board Member | Trustee | 1 | $0 |
Holly Warren Board Member | Trustee | 1 | $0 |
Jennifer Pearl Board Member | Trustee | 1 | $0 |
John Armstrong Board Member | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $21,483 |
| 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 | $21,483 |
| Total Program Service Revenue | $1,982,794 |
| 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 | $3,055 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $2,007,332 |
| 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. | $146,673 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $511,186 |
| Pension plan accruals and contributions | $13,134 |
| Other employee benefits | $86,669 |
| Payroll taxes | $49,554 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $16,625 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $531,067 |
| Office expenses | $48,383 |
| Information technology | $39,467 |
| Royalties | $0 |
| Occupancy | $10,249 |
| Travel | $37,419 |
| 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 | $13,555 |
| All other expenses | $140,619 |
| Total functional expenses | $2,349,234 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $200 |
| Savings and temporary cash investments | $560,199 |
| 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 | $11,872 |
| 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 | $572,271 |
| Accounts payable and accrued expenses | $238 |
| 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 | $238 |
| Net assets without donor restrictions | $550,033 |
| 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 | $572,271 |