Kenosha Area Tourism Corporation
- Assets
- $1.8m
- Revenue
- $1.6m
- Investments
- $0.0
- Employees
- 13
- Location
- Kenosha, WI
- Founding
- 05/1989
- Data as of
- 12/2022
- EIN
- 39-1632312
Organization Overview
Kenosha Area Tourism Corporation is located in Kenosha, 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, Kenosha Area Tourism Corporation employed 13 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Kenosha Area 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 12/2022, Kenosha Area Tourism Corporation generated $1.6m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 1.5% each year. All expenses for the organization totaled $1.5m during the year ending 12/2022. While expenses have increased by 0.8% 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
IMPROVING THE OVERALL IMAGE OF THE GREATER MILWAUKEE AREA THROUGH PROMOTING TOURISM; ATTRACTING CONVENTIONS AND RELATED ACTIVITIES; DEVELOPING AND FOSTERING CIVIC INTEREST; AND PARTICIPATING IN THE ATTRACTION OF VISITORS, THE HOLDING OF CONVENTIONS AND PUBLIC GATHERINGS, AND THE CONDUCTING OF PUBLIC EVENTS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
IMPROVEMENTS OF IMAGE FOR THE GREATER KENOSHA AREA, INCLUDING STRENGTHENING THE SPIRIT OF COMMUNITY INVOLVEMENT AMONG CITIZENS AND BUSINESS PERSONS; THE ATTRACTION OF VISITORS AND THE PROMOTION OF HOLDING AND CONDUCTING OF CONVENTION, PUBLIC GATHERINGS, AND PUBLIC ATTRACTION; TO DEVELOP CIVIC INTEREST AND PARTICIPATION IN ATTRACTING VISITORS; TO COMPILE AND DISTRIBUTE INFORMATION RELATING TO CONVENTIONS, PUBLIC GATHERINGS, VISITORS AND PUBLIC ATTRACTIONS; AND TO FOSTER HIGH STANDARDS IN ALL BUSINESS DEALINGS RELATING TO THE FOREGOING PURPOSE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Gregory Belsky Director | Trustee | $0 | |
Tim Casey Director | Trustee | $0 | |
Kevin Ervin Vice Charima | Trustee | $0 | |
Margaret Hodge Director | Trustee | $0 | |
Randy Kerkman Director | Trustee | $0 | |
Paula Touhey Treasurer | Trustee | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $322,589 |
| All other contributions, gifts, grants, and similar amounts not included above | $16,954 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $339,543 |
| Total Program Service Revenue | $1,043,052 |
| Investment income | $31,915 |
| 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 | $1,559,718 |
| 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 | $525,384 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $107,620 |
| Payroll taxes | $42,023 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $49,530 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $209,312 |
| Office expenses | $18,777 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $2,678 |
| Travel | $25,036 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $822 |
| Interest | $20 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $2,315 |
| Insurance | $841 |
| All other expenses | $170,149 |
| Total functional expenses | $1,478,819 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $57,258 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $1,700 |
| 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 | $152,302 |
| Net Land, buildings, and equipment | $4,404 |
| Investments—publicly traded securities | $1,391,530 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $213,317 |
| Total assets | $1,820,511 |
| Accounts payable and accrued expenses | $1,874 |
| Grants payable | $0 |
| Deferred revenue | $78,810 |
| 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 | $217,353 |
| Total liabilities | $298,037 |
| Net assets without donor restrictions | $1,522,474 |
| 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 | $1,820,511 |