Meet Ac is located in Atlantic City, NJ. The organization was established in 2014. According to its NTEE Classification (S46) the organization is classified as: Boards of Trade, under the broad grouping of Community Improvement & Capacity Building and related organizations. As of 12/2022, Meet Ac employed 92 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Meet Ac 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, Meet Ac generated $9.9m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 0.6% each year. All expenses for the organization totaled $9.9m during the year ending 12/2022. While expenses have increased by 1.1% 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
TRADE ASSOCIATION ORGANIZED (1)TO PROMOTE AND MARKET THE CITY OF ATLANTIC CITY (NEW JERSEY) AS A DESTINATION FOR CONVENTION, MEETINGS AND TRADESHOWS; (2) TO IMPROVE COMMON ECONOMIC INTERESTS OF BUSINESSES THROUGHOUT THE ATLANTIC CITY REGION; AND (3) TO ENHANCE EMPLOYMENT OPPORTUNITIES AND STIMULATE ECONOMIC GROWTH WITH THE ATLANTIC CITY REGION.
Describe the Organization's Program Activity:
Part 3 - Line 4a
ACTIVITIES INCLUDE: PROMOTION OF THE ATLANTIC CITY CONVENTION CENTER AND HISTORIC BOARDWALK HALL IN ATLANTIC CITY, NEW JERSEY AS PREMIER DESTINATIONS FOR CONVENTIONS, MEETINGS, TRADE SHOWS AND GROUP LEISURE EVENTS; CONDUCT COORDINATED ADVERTISING, PUBLICITY AND PROMOTION CAMPAIGNS OFFERED IN ATLANTIC CITY FOR MEETINGS AND GROUPS; SELL AND COORDINATE BOOKING AND RESERVATION OF CONVENTION, MEETING AND TRADE SHOW SPACE, HOTEL ROOMS AND OTHER OFF-SITE VENUES; PARTICIPATE IN APPROPRIATE CONVENTION AND DESTINATION MARKETING ASSOCIATIONS' EVENTS AND TRADE SHOWS TO ASSURE FAVORABLE PUBLICITY ABOUT ATLANTIC CITY AND THE FACILITIES; SOLICIT CONVENTION, TRADESHOW AND MEETING ORGANIZATIONS TO USE THE FACILITIES FOR OTHER VENUES THROUGHOUT ATLANTIC CITY; PROVIDE TOURISM AND EVENT-PLANNING SERVICES TO ASSOCIATIONS, BUSINESSES, ORGANIZATIONS AND GROUPS CONVENING OR HOLDING CONVENTIONS, MEETINGS OR EVENTS; PREPARE, PUBLISH AND UPDATE MATERIALS PROVIDING SPECIFIC INFORMATION ON THE FACILITIES, HOTELS, RESTAURANTS, ENTERTAINMENT AND OTHER AMENITIES LOCATED IN ATLANTIC CITY, AND DISTRIBUTE SAID MATERIALS TO EVENT PLANNERS OR COORDINATORS; COORDINATE WITH ATLANTIC CITY HOTELS, RESTAURANTS AND ENTERTAINMENT VENUES THE CROSS-SELLING AND BOOKING OF SAID FACILITIES IN CONNECTION WITH THE BOOKING OF A CONVENTION, TRADESHOW OR OTHER MEETING EVENTS AT THE FACILITIES; AND CREATE AND MAINTAIN STRATEGIC RELATIONSHIPS FOR THE COORDINATION OF SERVICES WITH THE CASINO REINVESTMENT DEVELOPMENT AUTHORITY AND ITS BUSINESS PARTNERS, AS THEY RELATE TO THE CONVENTION AND MEETING BUSINESS IN ATLANTIC CITY. MEET AC HIGHLIGHTS AND ACCOMPLISHMENTS IN 2022: 1. NATIONAL SPORTS COLLECTORS CONVENTION 2022 - GENERATED 6,623 ROOM NIGHTS, 28,000 ATTENDEES AND ECONOMIC IMPACT OF 17,552,264 2. 2022 NJLM ANNUAL CONFERENCE, GENERATED 8,280 ROOM NIGHTS, 22,500 ATTENDEES AND ECONOMIC IMPACT OF 12,551,917 3. 2022 ANNUAL NJ SCHOOL BOARDS WORKSHOP, GENERATED 8,375 ROOM NIGHTS, 34,162 ATTENDEES AND ECONOMIC IMPACT OF 9,673,591 4.THE POOL & SPA SHOW 2022 GENERATED 8,246 ROOM NIGHTS, 8,000 ATTENDEES AND ECONOMIC IMPACT OF 9,555,830 5. U.S. FUTSAL NORTHEAST REGIONAL CHAMPIONSHIP 2022, GENERATED 6,041 ROOM NIGHTS, 3,000 ATTENDEES AND ECONOMIC IMPACT OF S8,167,398 6. ATLANTIC CITY SHOWCASE, GENERATED 3,935 ROOM NIGHTS, 7,000 ATTENDEES AND ENONOMIC IMPACT 7,051,042 7. ATLANTIC CITY PICKLEBALL OPEN 2022, GENERATED 5,413 ROOM NIGHTS, 6,500 ATTENDEES AND ECONOMIC IMPACT OF 6,606,037 8. BOARDWALK BLOCK PARTY - VOLLEYBALL, GENERATED 4,924 ROOM NIGHTS, 1,800 ATTENDEES AND ECONOMIC IMPACT OF 6,281,193 9. NAACP NATIONAL CONVENTION 2022, GENERATED 8,517 ROOM NIGHTS, 22,000 ATTENDEES AND ECONOMIC IMPACT OF 6,043,217 10. PROGRESSIVE ATLANTIC CITY BOAT SHOW, GENERATED 924 ROOM NIGHTS, 10,700 ATTENDEES AND ECONOMIC IMPACT OF 5,927,680
Name (title) | Role | Hours | Compensation |
---|---|---|---|
Larry Sieg CEO | Officer | 40 | $227,630 |
Sandra Harvey VP Sales | 40 | $208,964 | |
Sean Pattwell Chair | OfficerTrustee | 1 | $0 |
Moisha Moore Vice Chair | OfficerTrustee | 1 | $0 |
Evan Sanchez Treasurer | OfficerTrustee | 1 | $0 |
Laurel Deviney Trustee | Trustee | 1 | $0 |
Vendor Name (Service) | Service Year | Compensation |
---|---|---|
Destiny Philly Destiny Philly Marketing | 12/30/22 | $610,000 |
Simple View Simple View Marketing | 12/30/22 | $590,823 |
Borgata Hotel And Casino Borgata Hotel And Casino Marketing | 12/30/22 | $279,900 |
Dennis Bassford Dennis Bassford Client Entertai | 12/30/22 | $185,580 |
Orange142 Inc Orange142 Inc Marketing | 12/30/22 | $175,000 |
Statement of Revenue | |
---|---|
Federated campaigns | $0 |
Membership dues | $0 |
Fundraising events | $0 |
Related organizations | $0 |
Government grants | $238,370 |
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 | $238,370 |
Total Program Service Revenue | $9,633,616 |
Investment income | $5,639 |
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 | $9,877,625 |
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. | $227,630 |
Compensation of current officers, directors, key employees. | $35,943 |
Compensation to disqualified persons | $0 |
Other salaries and wages | $1,991,069 |
Pension plan accruals and contributions | $102,916 |
Other employee benefits | $298,415 |
Payroll taxes | $164,906 |
Fees for services: Management | $0 |
Fees for services: Legal | $25,748 |
Fees for services: Accounting | $33,043 |
Fees for services: Lobbying | $0 |
Fees for services: Fundraising | $0 |
Fees for services: Investment Management | $0 |
Fees for services: Other | $0 |
Advertising and promotion | $5,311,182 |
Office expenses | $43,761 |
Information technology | $95,796 |
Royalties | $0 |
Occupancy | $101,372 |
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 | $1,394,636 |
Depreciation, depletion, and amortization | $34,809 |
Insurance | $33,509 |
All other expenses | $643 |
Total functional expenses | $9,877,625 |
Balance Sheet | |
---|---|
Cash—non-interest-bearing | $95,250 |
Savings and temporary cash investments | $683,175 |
Pledges and grants receivable | $0 |
Accounts receivable, net | $22,021 |
Loans from Officers, Directors, or Controlling Persons | $0 |
Loans from Disqualified Persons | $0 |
Notes and loans receivable | $50,000 |
Inventories for sale or use | $0 |
Prepaid expenses and deferred charges | $232,509 |
Net Land, buildings, and equipment | $177,097 |
Investments—publicly traded securities | $0 |
Investments—other securities | $0 |
Investments—program-related | $0 |
Intangible assets | $37,581 |
Other assets | $0 |
Total assets | $1,297,633 |
Accounts payable and accrued expenses | $847,999 |
Grants payable | $0 |
Deferred revenue | $157,696 |
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 | $254,951 |
Total liabilities | $1,260,646 |
Net assets without donor restrictions | $36,987 |
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 | $1,297,633 |
Over the last fiscal year, we have identified 1 grants that Meet Ac has recieved totaling $30,000.
Awarding Organization | Amount |
---|---|
Kedar Family And Zoltan Sonesh Foundation Sunnyvale, CA PURPOSE: SUPPORT OF OTHER CHARITABLE ORGANIZATIONS | $30,000 |
Organization Name | Assets | Revenue |
---|---|---|
Sound Recording Special Payments Fund New York, NY | $20,084,543 | $13,023,174 |
Meet Ac Atlantic City, NJ | $1,297,633 | $9,877,625 |
Southern Tier Rural Integrated Performing Provider System Inc Binghamton, NY | $93,646,541 | $188,761 |
Hong Kong Trade Development Council Inc New York, NY | $1,322,669 | $4,447,221 |
Plumb Club Of New York State Inc Englewood, NJ | $4,015,109 | $3,124,546 |
Leadingage Pa Mechanicsburg, PA | $5,513,628 | $3,623,011 |
Hydraulic Institute Parsippany, NJ | $5,955,075 | $2,798,484 |
International Association Of Credit Portfolio Managers Inc New York, NY | $3,469,133 | $2,422,450 |
Ascend Inc New York, NY | $5,589,868 | $3,173,147 |
Rhode Island Lumber & Building Material Dealers Association Rensselaer, NY | $6,807,037 | $1,588,921 |
Investment Casting Institute Montvale, NJ | $1,572,753 | $1,511,176 |
London & Partners Us Limited Hauppauge, NY | $221,311 | $1,550,604 |