Macomb Area Convention & Visitors Bureau
- Assets
- $318.4k
- Revenue
- $266.0k
- Investments
- $0.0
- Employees
- 2
- Location
- Macomb, IL
- Founding
- 02/1989
- Data as of
- 06/2023
- EIN
- 37-1237032
Organization Overview
Macomb Area Convention & Visitors Bureau is located in Macomb, IL. The organization was established in 1989. 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 06/2023, Macomb Area Convention & Visitors Bureau employed 2 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Macomb Area Convention & 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 06/2023, Macomb Area Convention & Visitors Bureau generated $266.0k in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 1.7% each year. All expenses for the organization totaled $297.4k during the year ending 06/2023. While expenses have increased by 3.8% per year over the past 8 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
PROMOTE TOURISM OF THE MACOMB IL AREA.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROMOTE TOURISM OF THE MACOMB IL AREA
PROMOTE TOURISM OF THE MACOMB IL AREA
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jock Hedblade Executive Di | Officer | $0 | |
Dave Dorsett Board Presid | Trustee | $0 | |
Bridgett Mccormick Secretary/tr | Officer | $0 | |
Justin Bougher Director | Trustee | $0 | |
Laura Leezer Director | Trustee | $0 | |
Mike Wayland Director | Trustee | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $51,773 |
| All other contributions, gifts, grants, and similar amounts not included above | $206,248 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $258,021 |
| Total Program Service Revenue | $0 |
| Investment income | $476 |
| 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 | $265,987 |
| 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. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $90,062 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $15,186 |
| Payroll taxes | $8,403 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $11,740 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $12,477 |
| Advertising and promotion | $89,287 |
| Office expenses | $7,970 |
| Information technology | $61 |
| Royalties | $0 |
| Occupancy | $4,787 |
| Travel | $351 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $5,343 |
| Interest | $38 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $229 |
| Insurance | $2,658 |
| All other expenses | $482 |
| Total functional expenses | $297,436 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $318,000 |
| 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 | $250 |
| Net Land, buildings, and equipment | $116 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $318,366 |
| Accounts payable and accrued expenses | $3,426 |
| 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 | $3,426 |
| Net assets without donor restrictions | $263,167 |
| Net assets with donor restrictions | $51,773 |
| 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 | $318,366 |