Greater Lafayette Convention And Visitors Bureau Inc
- Assets
- $1.1m
- Revenue
- $1.2m
- Investments
- $0.0
- Employees
- 11
- Location
- Lafayette, IN
- Founding
- 05/1984
- Data as of
- 12/2022
- EIN
- 35-1575142
Organization Overview
Greater Lafayette Convention And Visitors Bureau Inc, operating under the name Visit Lafayette - West Lafayette, is located in Lafayette, IN. The organization was established in 1984. 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 12/2022, Visit Lafayette - West Lafayette employed 11 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Visit Lafayette - West Lafayette 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, Visit Lafayette - West Lafayette generated $1.2m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 5 years, the organization has seen revenues fall by an average of (3.6%) each year. All expenses for the organization totaled $998.1k 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
PROVIDE SUPPORT AND PROMOTION OF THE TOURISM SECTOR IN OUR COMMUNITY AND BE A VITAL DRIVER OF THE VISITOR ECONOMY. WHICH THEN CREATES A RIPPLE EFFECT THAT MAKES OUR COMMUNITY MORE VIBRANT, DYNAMIC, DIVERSE, AND A GREAT PLACE TO VISIT, WORK, PLAY, OR BELONG.
Describe the Organization's Program Activity:
Part 3 - Line 4a
ALL FUNDS UTILIZED FOR THE MARKETING AND PROMOTION OF TIPPECANOE COUNTY TO HELP INCREASE THE ECONOMIC BENEFIT TO THE COMMUNITY. PROMOTION EFFORTS INCLUDE ELECTRONIC AND PRINTED MATERIALS, OPERATION OF A VISITOR CENTER, PAID STAFF AND ATTENDANCE AT MEETINGS AND TRAVEL TRADE SHOWS TO ENCOURAGE NEW BUSINESS AND VISITORS TO THE COMMUNITY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Joann L Wade President | Officer | 47 | $103,993 |
Lisa Morrow Vice President | Officer | 43 | $81,257 |
David Byers Board Chair | Trustee | 0.5 | $0 |
Rebecca Barnes Board Vice Chair | Trustee | 0.25 | $0 |
Nick Bonora Board Treasurer | Trustee | 0.5 | $0 |
Karen Hirsh-Cooper Board Secretary | Trustee | 0.5 | $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 | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $1,163,475 |
| Investment income | $264 |
| 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 | $1,163,739 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $24,900 |
| 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. | $185,250 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $205,883 |
| Pension plan accruals and contributions | $19,451 |
| Other employee benefits | $80,634 |
| Payroll taxes | $29,644 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $6,400 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $312,044 |
| Office expenses | $4,429 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $40,877 |
| Travel | $18,142 |
| 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 | $12,748 |
| Insurance | $6,250 |
| All other expenses | $0 |
| Total functional expenses | $998,111 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $523,757 |
| Savings and temporary cash investments | $0 |
| 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 | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $536,195 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $1,059,952 |
| Accounts payable and accrued expenses | $0 |
| 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 | $1,356 |
| Total liabilities | $1,356 |
| Net assets without donor restrictions | $1,058,596 |
| 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 | $0 |
| Total liabilities and net assets/fund balances | $1,059,952 |