Burbank Hospitality Association
- Assets
- $771.1k
- Revenue
- $470.8k
- Investments
- $0.0
- Employees
- 0
- Location
- Burbank, CA
- Founding
- 05/2014
- Data as of
- 06/2021
- EIN
- 45-4808327
Organization Overview
Burbank Hospitality Association is located in Burbank, CA. The organization was established in 2014. According to its NTEE Classification (S41) the organization is classified as: Chambers of Commerce & Business Leagues, 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. Burbank Hospitality Association 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 06/2021, Burbank Hospitality Association generated $470.8k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (8.8%) each year. All expenses for the organization totaled $493.6k during the year ending 06/2021. As we would expect to see with falling revenues, expenses have declined by (6.9%) per year over the past 7 years. 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
BURBANK HOSPITALITY ASSOCIATION IS A SELF-IMPOSED SPECIAL BENEFIT ASSESSMENT DISTRICT DESIGNED TO HELP LEVERAGE FUNDS TO MARKET AND PROMOTE THE CITY OF BURBANK.
Describe the Organization's Program Activity:
Part 3 - Line 4a
MARKETING AND PROMOTIONS TO ULTIMATELY ATTRACT MORE VISITORS TO BURBANK AND INCREASE HOTEL OCCUPANCY RATES. MAINTAIN THE WWW.VISITBURBANK.COM TOURISM WEBSITE, NATIONAL AD CAMPAIGN THROUGHOUT CALIFORNIA AND THE NORTH WEST.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Danny Kahn Chairman | Trustee | 0.5 | $0 |
Sundeep G Vaghashia Treasurer | Trustee | 0.5 | $0 |
Eric Ducat Secretary | Trustee | 0.5 | $0 |
Alan Tate Vice Chair | Trustee | 0.5 | $0 |
Richard Engelhard Board Member | Trustee | 0.5 | $0 |
Jamie Keyser Board Member | Trustee | 0.5 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Strausberg Groupinc Marketing | 6/29/20 | $155,658 |
Creative Talent Network Llc Advertising | 6/29/20 | $150,000 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Investment income | $4,032 |
| 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 | $470,779 |
| Statement of Expenses | |
|---|---|
| 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 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 | $17,441 |
| Fees for services: Accounting | $14,170 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $140,312 |
| Office expenses | $544 |
| Information technology | $7,204 |
| Royalties | $0 |
| Occupancy | $604 |
| 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 | $0 |
| Insurance | $8,341 |
| All other expenses | $0 |
| Total functional expenses | $493,607 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $771,109 |
| 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 | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $771,109 |
| Accounts payable and accrued expenses | $0 |
| 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 | $0 |
| Net assets without donor restrictions | $0 |
| 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 |
| Total liabilities and net assets/fund balances | $771,109 |
Grants Awarded
Over the last fiscal year, Burbank Hospitality Association has awarded $40,000 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
Burbank, CA PURPOSE: TO SUPPORT LOCAL ORGANIZATIONS IN THE COMMUNITY | $20,000 |
PANGAEA ENTERTAINMENT GROUP LLC PURPOSE: TO SUPPORT EVENTS HELD IN THE COMMUNITY | $20,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
The Thunderbirds Phoenix, AZ | $33,696,955 | $84,390,943 |
California Travel And Tourism Commission Sacramento, CA | $86,955,324 | $75,852,594 |
Semi Milpitas, CA | $100,332,447 | $57,588,828 |
San Diego County Capital Asset Leasing Corporation San Diego, CA | $104,250,616 | $41,735,289 |
Western States Petroleum Association Sacramento, CA | $8,481,739 | $30,827,581 |
Iapmo Research And Testing Inc Ontario, CA | $11,214,766 | $46,736,492 |
Specialty Equipment Market Association Diamond Bar, CA | $151,136,909 | $20,614,542 |
California Dental Association Sacramento, CA | $252,495,901 | $15,890,513 |
Chinatown Service Center Los Angeles, CA | $26,778,687 | $27,867,616 |
Sag-Aftra & Industry Sound Recordings Distribution Fund Valley Village, CA | $48,142,351 | $13,604,136 |
Electric & Gas Industries Association Sacramento, CA | $14,735,713 | $15,175,016 |
American Pistachio Growers Fresno, CA | $11,494,323 | $15,365,842 |