Michigan Association Of Convention & Visitor Bureaus
- Assets
- $305.7k
- Revenue
- $491.6k
- Investments
- $0.0
- Employees
- 0
- Location
- Stanwood, MI
- Founding
- 06/2001
- Data as of
- 12/2022
- EIN
- 38-3219813
Organization Overview
Michigan Association Of Convention & Visitor Bureaus is located in Stanwood, MI. The organization was established in 2001. 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. Michigan Association Of Convention & Visitor Bureaus 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, Michigan Association Of Convention & Visitor Bureaus generated $491.6k in total revenue. This organization has experienced exceptional growth, as over the past 8 years, it has increased revenue by an average of 22.5% each year . All expenses for the organization totaled $378.6k during the year ending 12/2022. While expenses have increased by 19.4% 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
SEE SCHEDULE O THE MACVB SHALL BE A COOPERATIVE ASSOCIATION OF INDIVIDUAL CONVENTION AND VISITOR BUREAUS, WHO SHARE BROAD BASED LOCAL COMMUNITY SUPPORT AND WHOSE PRIMARY FOCUS IS THE PROMOTION OF THEIR RESPECTIVE AREAS AS CONVENTION, GROUP MEETINGS AND/OR TOURIST DESTINATIONS. THE PURPOSE OF THE MACVB SHALL BE TO PROVIDE A VEHICLE FOR EDUCATION, THE EXCHANGE OF IDEAS, OPINIONS AND EXPERIENCE THROUGH DISCUSSION, STUDY AND PERSONAL CONTACT. THE MACVB WILL ENGAGE IN MARKETING ACTIVITIES AS ECONOMIC AND LEGISLATIVE CONDITIONS WARRANT.
Describe the Organization's Program Activity:
Part 3 - Line 4a
CONDUCT OF MEETINGS AND EXCHANGE OF APPROPRIATE INFORMATION WITH THE GOAL OF INCREASING THE OVERALL LEVEL OF CONVENTION, VISITOR AND GROUP MEETING BUSINESS IN THE RESPECTIVE MEMBER COMMUNITIES AND STATE OF MICHIGAN.
THE ORGANIZATION REPRESENTS THE INTERESTS OF MICHIGAN'S CONVENTION, VISITOR AND GROUP MEETING BUSINESS INDUSTRY IN THE ALL LEGISLATIVE AND OTHER MATTERS WITH STATE GOVERNMENT.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Larisa Draves Executive Di | Trustee | $0 | |
Susan Estler Secretary | Trustee | $0 | |
Janet Korn Past Preside | Trustee | $0 | |
Bob Lukens Director At | Trustee | $0 | |
Julie Pingston Director At | Trustee | $0 | |
Mary Robinson Vice Preside | Trustee | $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 | $432,226 |
| Investment income | $7 |
| 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 | $491,597 |
| 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 | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $48,500 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $78,911 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| 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 | $22,663 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $1,688 |
| All other expenses | $1,580 |
| Total functional expenses | $378,638 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $264,758 |
| Savings and temporary cash investments | $35,908 |
| 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 | $5,000 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $305,666 |
| Accounts payable and accrued expenses | $1,282 |
| Grants payable | $0 |
| Deferred revenue | $1,300 |
| 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 | $2,582 |
| Net assets without donor restrictions | $303,084 |
| 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 | $305,666 |