Wayne County Convention & Tourism Bureau Inc
- Assets
- $1.6m
- Revenue
- $741.0k
- Investments
- $0.0
- Employees
- 12
- Location
- Richmond, IN
- Founding
- 04/1992
- Data as of
- 12/2022
- EIN
- 35-1818707
Organization Overview
Wayne County Convention & Tourism Bureau Inc is located in Richmond, IN. The organization was established in 1992. According to its NTEE Classification (S20) the organization is classified as: Community & Neighborhood Development, under the broad grouping of Community Improvement & Capacity Building and related organizations. As of 12/2022, Wayne County Convention & Tourism Bureau Inc employed 12 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Wayne County Convention & Tourism Bureau 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 12/2022, Wayne County Convention & Tourism Bureau Inc generated $741.0k in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 5.5% each year. All expenses for the organization totaled $663.0k during the year ending 12/2022. While expenses have increased by 3.8% per year over the past 6 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
TO PROMOTE THE DEVELOPMENT AND GROWTH OF THE CONVENTION AND TOURISM INDUSTRY IN WAYNE COUNTY, INDIANA
Describe the Organization's Program Activity:
Part 3 - Line 4a
SUCCESSFULLY PROMOTED THE DEVELOPMENT AND GROWTH OF THE CONVENTION & TOURISM INDUSTRY IN WAYNE COUNTY, INDIANA THROUGHOUT 2022. THE MOST RECENT "WAYNE COUNTY ECONOMIC IMPACT THROUGH VISITOR SPENDING REPORT" (2021) SHOWED "TOURISM SPENDING BY VISITORS" GENERATED 145.1 MILLION, AN INCREASE OF +25.7% WHEN COMPARED TO THE 2020 ECONOMIC IMPACT THROUGH VISITOR SPENDING REPORT OF 115.4 MILLION. THE COMBINED WELCOME CENTER VISITORS, CONVENTION PARTICIPANTS AND GENERAL INQUIRIES TOTALED 54,514. IN ADDITION, THERE WERE 8,495 DOWNLOADS, 165,571 WEBSITE VISITORS AND 336,457 PAGE VIEWS GENERATED FROM THE BUREAU'S WEBSITE. ACTUAL EARNED MEDIA COVERAGE TOTALED 62,680 WITH ALL SOCIAL MEDIA CAMPAIGNS REACHING OVER 70,000 SOCIAL MEDIA USERS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Mary Walker Executive Di | Trustee | 40 | $94,842 |
Pamela Broering Board Member | Trustee | 1 | $0 |
Mary Anne Butters Board Member | Trustee | 1 | $0 |
Monica Koechlein Board Member | Trustee | 1 | $0 |
Pat Orzechowski Secretary | Trustee | 1 | $0 |
Sam Patel Board Member | 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 | $726,650 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $726,650 |
| Total Program Service Revenue | $0 |
| Investment income | $5,156 |
| 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 | $9,180 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $741,048 |
| 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. | $94,842 |
| Compensation of current officers, directors, key employees. | $94,842 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $222,116 |
| Pension plan accruals and contributions | $18,500 |
| Other employee benefits | $38,250 |
| Payroll taxes | $24,659 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $5 |
| Fees for services: Accounting | $6,619 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $110,351 |
| Office expenses | $14,017 |
| Information technology | $13,027 |
| Royalties | $0 |
| Occupancy | $23,059 |
| Travel | $2,869 |
| 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 | $22,435 |
| Insurance | $9,085 |
| All other expenses | $13,410 |
| Total functional expenses | $662,980 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,200 |
| Savings and temporary cash investments | $763,851 |
| Pledges and grants receivable | $242,217 |
| Accounts receivable, net | $128 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $19,213 |
| Prepaid expenses and deferred charges | $2,738 |
| Net Land, buildings, and equipment | $567,019 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $1,596,366 |
| Accounts payable and accrued expenses | $187 |
| 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 | $187 |
| Net assets without donor restrictions | $1,596,179 |
| 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 | $1,596,366 |