Stevens Point Area Convention & Visitors Bureau Inc
- Assets
- $1.4m
- Revenue
- $1.2m
- Investments
- $0.0
- Employees
- 17
- Location
- Stevens Point, WI
- Founding
- 07/1989
- Data as of
- 12/2022
- EIN
- 39-1546572
Organization Overview
Stevens Point Area Convention & Visitors Bureau Inc is located in Stevens Point, WI. 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 12/2022, Stevens Point Area Convention & Visitors Bureau Inc employed 17 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Stevens Point Area Convention & Visitors Bureau Inc 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, Stevens Point Area Convention & Visitors Bureau Inc generated $1.2m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 9.3% each year. All expenses for the organization totaled $888.3k during the year ending 12/2022. While expenses have increased by 6.8% 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.
Since 2018, Stevens Point Area Convention & Visitors Bureau Inc has awarded 17 individual grants totaling $296,248. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
THE STEVENS POINT AREA CONVENTION AND VISITORS BUREAU IS AN ECONOMIC AND COMMUNITY DEVELOPMENT ORGANIZATION WHOSE PURPOSE IS TO EXPAND PORTAGE COUNTY'S ECONOMY BY ATTRACTING CONVENTIONS, SPORTING EVENTS AND LEISURE TOURISTS TO PORTAGE COUNTY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROMOTION OF THE PORTAGE COUNTY AREA FOR CONVENTIONS, SPORTING EVENTS AND TO INCREASE VISITS BY LEISURE TOURISTS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Allen Haga Director | Trustee | 1 | $0 |
Sara Brish Executive Dir. | Trustee | 40 | $0 |
Kathy Ostrowski Chair | Trustee | 1 | $0 |
Dan Kremer Director | Trustee | 1 | $0 |
Michael Witte Director | Trustee | 1 | $0 |
Jeff Hohn Secretary | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $440,040 |
| All other contributions, gifts, grants, and similar amounts not included above | $9,500 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $449,540 |
| Total Program Service Revenue | $718,331 |
| Investment income | $13,950 |
| 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 | $19,269 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,201,090 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $5,927 |
| 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. | $70,994 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $208,717 |
| Pension plan accruals and contributions | $5,083 |
| Other employee benefits | $52,272 |
| Payroll taxes | $20,750 |
| Fees for services: Management | $2,450 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $11,674 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $2,328 |
| Fees for services: Other | $0 |
| Advertising and promotion | $332,939 |
| Office expenses | $10,053 |
| Information technology | $34,940 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $6,523 |
| 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 | $37,946 |
| Insurance | $5,453 |
| All other expenses | $13,308 |
| Total functional expenses | $888,308 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $146,305 |
| Savings and temporary cash investments | $924,292 |
| 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 | $27,702 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $278,516 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $1,376,815 |
| Accounts payable and accrued expenses | $8,377 |
| 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 | $8,377 |
| Net assets without donor restrictions | $1,368,438 |
| 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 | $1,376,815 |
Grants Awarded
Over the last fiscal year, Stevens Point Area Convention & Visitors Bureau Inc has awarded $47,360 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
VILLAGE OF PLOVER WISCONSIN PURPOSE: BASEBALL TOURNAMENTS & FIELD MAINT | $32,360 |
STEVENS POINT CURLING CLUB PURPOSE: NEW CURLING FACILITY | $15,000 |