Holland Convention & Visitors Bureau
- Assets
- $2.2m
- Revenue
- $2.7m
- Investments
- $0.0
- Employees
- 13
- Location
- Holland, MI
- Founding
- 04/1986
- Data as of
- 12/2023
- EIN
- 38-2642783
Organization Overview
Holland Convention & Visitors Bureau is located in Holland, MI. The organization was established in 1986. 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, Holland Convention & Visitors Bureau employed 13 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Holland 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 12/2023, Holland Convention & Visitors Bureau generated $2.7m in total revenue. This represents relatively stable growth, over the past 5 years the organization has increased revenue by an average of 2.7% each year. All expenses for the organization totaled $2.6m during the year ending 12/2023. While expenses have increased by 0.3% per year over the past 5 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
THE HOLLAND AREA CONVENTION & VISITORS BUREAU MISSION IS TO ENHANCE, PROMOTE, AND MARKET THE GREATER HOLLAND AREA ON A YEAR-ROUND BASIS AS A DESTINATION FOR VISITORS, CONVENTIONS, MEETINGS, SPORTS, AND SPECIAL EVENTS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
TO ENHANCE AND PROMOTE THE IMAGE OF THE HOLLAND, MICHIGAN AREA AS A CENTER FOR THE HOLDING OF CONVENTIONS AND MEETINGS; AND COORDINATE THE COMMUNITY EFFORTS IN PROMOTING TOURISM.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Linda Hart Executive Di | Officer | 40 | $110,012 |
Matt Helmus President/tr | OfficerTrustee | 1 | $0 |
Ken Arens Vice Preside | OfficerTrustee | 1 | $0 |
Gwen Auwerda At Large | OfficerTrustee | 1 | $0 |
Rose Brown Director | Trustee | 1 | $0 |
Leigh Farrell Director | 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 | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $2,700,071 |
| Investment income | $34,569 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $10,000 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $755 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $2,748,977 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $70,117 |
| 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. | $110,012 |
| Compensation of current officers, directors, key employees. | $27,504 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $485,203 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $72,402 |
| Payroll taxes | $44,757 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $5,420 |
| Fees for services: Accounting | $20,642 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $33,443 |
| Advertising and promotion | $1,504,405 |
| Office expenses | $24,503 |
| Information technology | $95,431 |
| Royalties | $0 |
| Occupancy | $58,343 |
| Travel | $7,575 |
| 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 | $14,367 |
| Insurance | $6,461 |
| All other expenses | $1,415 |
| Total functional expenses | $2,603,125 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,207,629 |
| Savings and temporary cash investments | $408,221 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $131,867 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $2,575 |
| Prepaid expenses and deferred charges | $101,933 |
| Net Land, buildings, and equipment | $193,992 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $172,561 |
| Total assets | $2,218,778 |
| Accounts payable and accrued expenses | $70,546 |
| 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 | $174,180 |
| Total liabilities | $244,726 |
| Net assets without donor restrictions | $1,974,052 |
| 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 | $2,218,778 |
Grants Awarded
Over the last fiscal year, Holland Convention & Visitors Bureau has awarded $60,000 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
CITY OF HOLLAND PURPOSE: SIGNAGE | $10,000 |
COMM FOUNDATION OF HOLLANDZEELAND PURPOSE: GENERAL SUPPORT | $50,000 |