Tc Convention & Visitors Bureau, operating under the name Traverse City Tourism Corporation, is located in Traverse City, MI. The organization was established in 1985. According to its NTEE Classification (S41) the organization is classified as: Chambers of Commerce & Business Leagues, under the broad grouping of Community Improvement & Capacity Building and related organizations. As of 12/2021, Traverse City Tourism Corporation employed 16 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Traverse City Tourism Corporation 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, Traverse City Tourism Corporation generated $8.5m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 5.3% each year. All expenses for the organization totaled $6.5m during the year ending 12/2021. While expenses have increased by 2.2% per year over the past 7 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO PROMOTE, PROTECT, AND ENHANCE THE TRAVERSE CITY REGION, SECURING OUR POSITION AS A PREMIER, FOUR-SEASON DESTINATION.
Describe the Organization's Program Activity:
Part 3 - Line 4a
A BULK OF OUR MARKETING EFFORTS ARE IN THE LEISURE TRAVEL MARKET. WE MARKET TO DIFFERENT DEMOGRAPHICS DEPENDING ON THE TIME OF YEAR. FOR EXAMPLE, IN SPRING, FALL AND WINTER WE TARGET GEN-X AND BOOMERS AS WELL AS MILLENNIALS. IN SUMMER, WE TARGET MILLENNIALS AND FAMILIES. PRIMARILY WE PROMOTE WINE AND CULINARY OFFERINGS, OUTDOOR RECREATION, EVENTS, GOLF AND SLEEPING BEAR DUNES; SECONDARY PROMOTIONS INCLUDE SHOPPING, ENTERTAINMENT, AND CASINOS. WE TAKE A DICHOTOMOUS APPROACH TO MARKETING-- POINTING OUT THAT VISITORS CAN ENJOY BOTH AN INDOOR AND OUTDOOR EXPERIANCES IN ONE TRIP. TRAVERSE CITY TOURISM HAS A ROBUST MEETING, GROUP SALES AND SERVICES DEPARTMENT. OUR GOAL IS TO ATTRACT MEETINGS IN OFF PEAK TIMES FOR OUR HOTELS, BOTH MEETING AND SELECT SERVICE PROPERTIES, FROM WITHIN THE STATE, REGIONALLY AND NATIONALLY. TARGET MARKETS INCLUDE STATE, REGIONAL AND NATIONAL ASSOCIATIONS, CORPORATE, SMERF (SOCIAL, MILITARY, EDUCATION, RELIGIOUS, AND FRATERNAL), SPORTS, AND GROUP TOUR. OUR MAIN FOCUS IS OUR "DRIVE MARKETS" INCLUDING MICHIGAN, ILLINOIS, INDIANA, OHIO, AND SOME PARTS OF PENNSYLVANIA FOR OUR SPRING, FALL AND WINTER MARKETING. WE PROMOTE TO FLY-IN MARKETS BY EXPANDING PROMOTIONS TO INCLUDE ATLANTA, NEW YORK, DENVER, DALLAS, MINNEAPOLIS, CHARLOTTE, WASHINGTON, PHOENIX, AND SEVERAL MARKETS IN FLORIDA. WE ARE ALSO A PART OF A MARKETING PARTNERSHIP KNOWN AS DISCOVER NORTHERN MICHIGAN WHICH INCLUDES THE CVB'S OF GAYLORD, CHARLEVOIX, PETOSKEY, AND MACKINAC ISLAND. THIS IS A COOPERATIVE MARKETING PARTNERSHIP IN COOPERATION WITH TRAVEL MICHIGAN, TO HELP PROMOTE TO THE DALLAS AREA WHICH HAS A DIRECT FLIGHT TO TRAVERSE CITY'S CHERRY CAPITAL AIRPORT IN THE SUMMER MONTHS. WE ALSO HAVE A NATIONAL AND INTERNATIONAL AWARENESS COMPAIGN WITH PURE MICHIGAN.
WE USE GOOGLE ANALYTICS, ADARA, SMITH TRAVEL RESEARCH AND OTHER ANALYTICS FROM VENDORS TO TRACK OUR MARKETING EFFORTS. ONE OF THE BEST INDICATORS OF EFFECTIVENESS IS MONITORING OUR MONTHLY ASSESSMENT COLLECTION TO ANALYZE YEAR-OVER-YEAR REVENUES. WE PARTNER WITH OTHER ORGANIZATIONS, PARTICULARLY AROUND EVENTS AND AIR TRAVEL, TO COLLECT DATA FROM THEIR VISITING USER GROUPS. WE ALSO SEEK OUT ANECDOTAL INFORMATION FROM OUR MEMBERS TO HELP DETERMINE WHAT THEY ARE OBSERVING AND TO CORROBORATE THE DATA WITH PERSONAL EXPERIENCES AND MEMBER DATA.
Name (title) | Role | Hours | Compensation |
---|---|---|---|
Trevor Tkach Executive Di | Officer | 40 | $221,823 |
Fritz Heller Immediate Pa | Officer | $0 | |
Justin Mortier Chairman | Officer | $0 | |
Jonathan Pack Secretary/tr | Officer | $0 | |
Rob Rodenroth Vice Chairma | Officer | $0 | |
Chris Ballou Director | Trustee | $0 |
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 | $8,143,747 |
Investment income | $76,356 |
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 | $8,523,072 |
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 | $1,040,149 |
Pension plan accruals and contributions | $24,048 |
Other employee benefits | $125,730 |
Payroll taxes | $72,982 |
Fees for services: Management | $0 |
Fees for services: Legal | $58,794 |
Fees for services: Accounting | $12,433 |
Fees for services: Lobbying | $0 |
Fees for services: Fundraising | $0 |
Fees for services: Investment Management | $0 |
Fees for services: Other | $23,320 |
Advertising and promotion | $4,344,704 |
Office expenses | $223,501 |
Information technology | $0 |
Royalties | $0 |
Occupancy | $90,686 |
Travel | $20,822 |
Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
Conferences, conventions, and meetings | $66,627 |
Interest | $0 |
Payments to affiliates | $0 |
Depreciation, depletion, and amortization | $19,111 |
Insurance | $6,018 |
All other expenses | $42,614 |
Total functional expenses | $6,458,924 |
Balance Sheet | |
---|---|
Cash—non-interest-bearing | $4,697,051 |
Savings and temporary cash investments | $0 |
Pledges and grants receivable | $0 |
Accounts receivable, net | $598,383 |
Loans from Officers, Directors, or Controlling Persons | $0 |
Loans from Disqualified Persons | $0 |
Notes and loans receivable | $1,904,207 |
Inventories for sale or use | $0 |
Prepaid expenses and deferred charges | $59,284 |
Net Land, buildings, and equipment | $41,037 |
Investments—publicly traded securities | $0 |
Investments—other securities | $0 |
Investments—program-related | $0 |
Intangible assets | $0 |
Other assets | $0 |
Total assets | $7,299,962 |
Accounts payable and accrued expenses | $871,820 |
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 | $871,820 |
Net assets without donor restrictions | $6,257,925 |
Net assets with donor restrictions | $170,217 |
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 | $7,299,962 |
Over the last fiscal year, Tc Convention & Visitors Bureau has awarded $215,090 in support to 3 organizations.
Grant Recipient | Amount |
---|---|
Traverse City, MI PURPOSE: ARENA BOARDS | $110,000 |
Traverse City, MI PURPOSE: FUND OPERATIONS | $80,090 |
Traverse City, MI PURPOSE: DONATION | $25,000 |
Organization Name | Assets | Revenue |
---|---|---|
Dane Buy Local Foundation Inc Madison, WI | $199,958 | $19,130,759 |
Leap Lansing, MI | $5,631,252 | $15,493,708 |
Greater Cleveland Partnership Cleveland, OH | $36,035,820 | $14,402,868 |
Board Of Certified Safety Professionals Of The Americas Inc Indianapolis, IN | $35,079,358 | $17,695,377 |
Asqexcellence Inc Milwaukee, WI | $6,648,120 | $11,915,494 |
The Right Place Inc Grand Rapids, MI | $10,135,241 | $14,178,677 |
Central Indiana Corporate Partnership Inc Indianapolis, IN | $8,694,724 | $11,696,503 |
Automotive Industry Action Group Southfield, MI | $14,204,782 | $10,849,803 |
National Association Of Tax Professionals Inc Appleton, WI | $15,322,195 | $11,606,289 |
Detroit Regional Chamber Foundation Inc Detroit, MI | $6,324,468 | $12,985,195 |
Detroit Regional Chamber Detroit, MI | $15,593,687 | $11,203,489 |
Custom Electronic Design & Installation Association Fishers, IN | $40,806,745 | $4,400,829 |