Oscoda Area Convention & Visitors Bureau
- Assets
- $140.4k
- Revenue
- $218.9k
- Investments
- $0.0
- Employees
- 1
- Location
- Oscoda, MI
- Founding
- 12/1986
- Data as of
- 12/2023
- EIN
- 38-2656402
Organization Overview
Oscoda Area Convention & Visitors Bureau is located in Oscoda, 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. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Oscoda 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 12/2023, Oscoda Area Convention & Visitors Bureau generated $218.9k in total revenue. This organization has experienced exceptional growth, as over the past 9 years, it has increased revenue by an average of 12.0% each year . All expenses for the organization totaled $201.7k during the year ending 12/2023. While expenses have increased by 14.3% per year over the past 9 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 ORGANIZATION'S PURPOSE IS TO PROMOTE TOURISM IN THE ASSESSMENT AREA THROUGH ADVERTISING AND PROMOTION OF EVENTS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THERE ARE APPROXIMATELY 27 UNITS PARTICIPATING IN THE COLLECTION OF FUNDS UNDER MICHIGAN'S PUBLIC ACT 385 OF 1980 AS AMENDED BY ACT 59 OF 1984.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Teresa Edelman Director | Trustee | 1 | $0 |
Belle Flora Treasurer | OfficerTrustee | 4 | $0 |
Al Heminger Director | Trustee | 1 | $0 |
Tim Kellstrom President | OfficerTrustee | 3 | $0 |
Merry Loyer Director | Trustee | 1 | $0 |
Craig Peters 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 | $217,298 |
| Investment income | $1,583 |
| 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 | $218,881 |
| 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 | $26,610 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $2,226 |
| Fees for services: Management | $46,779 |
| Fees for services: Legal | $3,006 |
| Fees for services: Accounting | $4,515 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $5,500 |
| Advertising and promotion | $0 |
| Office expenses | $34,714 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| 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 | $163 |
| Insurance | $558 |
| All other expenses | $1,838 |
| Total functional expenses | $201,664 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $98,302 |
| Savings and temporary cash investments | $41,190 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $191 |
| 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 | $599 |
| Net Land, buildings, and equipment | $163 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $140,445 |
| Accounts payable and accrued expenses | $620 |
| 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 | $620 |
| Net assets without donor restrictions | $139,825 |
| 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 | $140,445 |