Tourism Council Of Frederick County Inc
- Assets
- $4.1m
- Revenue
- $3.4m
- Investments
- $0.0
- Employees
- 16
- Location
- Frederick, MD
- Founding
- 11/1976
- Data as of
- 06/2023
- EIN
- 52-1057866
Organization Overview
Tourism Council Of Frederick County Inc, operating under the name Visit Frederick, is located in Frederick, MD. The organization was established in 1976. 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 06/2023, Visit Frederick employed 16 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Visit Frederick 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 06/2023, Visit Frederick generated $3.4m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 8.9% each year. All expenses for the organization totaled $3.1m during the year ending 06/2023. While expenses have increased by 8.5% 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 2014, Visit Frederick has awarded 113 individual grants totaling $2,514,956. 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
PROMOTION OF TOURISM IN FREDERICK COUNTY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
DESTINATION MARKETING INCLUDED $890,723 OF ADVERTISEMENTS PLACED IN VARIOUS MEDIA OUTLETS IN FY23 PROMOTING FREDERICK COUNTY AS A VISITOR DESTINATION GENERATING REQUESTS FOR 14,603 VISITOR INFORMATION PACKETS TO BE MAILED; $84,126 WAS SPENT ON GENERAL MARKETING, MEETINGS, CONFERENCES, TRADE SHOWS, AND MARKET RESEARCH TO INCREASE AWARENESS AND VISITATION; AND $110,912 TO OPERATE THE VISITFREDERICK.ORG WEBSITE AND ASSOCIATED DATABASES. IN 2022, $518.4 MILLION WAS SPENT IN FREDERICK COUNTY BY VISITORS.
DESTINATION DEVELOPMENT EXPENDITURES TOTALED $286,277 INCLUDING SUPPORT OF THE FREDERICK HISTORIC CONSORTIUM AND THE HEART OF THE CIVIL WAR HERITAGE AREA.
VISITOR SERVICES INCLUDING OPERATION OF THE FREDERICK VISITOR CENTER, PRODUCING BROCHURES AND A VISITOR GUIDE. IN FY23 THE FREDERICK VISITOR CENTER HOSTED 19,229 VISITORS. VISITORS CAME FROM 50 STATES AND 44 INTERNATIONAL COUNTRIES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Phil Bowers President | OfficerTrustee | 1 | $0 |
Monica Pearce Director | Trustee | 0.5 | $0 |
Michael Henningsen Treasurer | OfficerTrustee | 1 | $0 |
Elizabeth Derose Secretary | OfficerTrustee | 0.5 | $0 |
Mike Irons Director | Trustee | 0.5 | $0 |
Monique Pasquale Director | Trustee | 0.5 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Dotdash Meredith Inc Destination Advertising | 6/29/23 | $220,926 |
Wash Holdings Llc Destination Advertising | 6/29/23 | $121,401 |
Postern Llc Destination Advertising | 6/29/23 | $105,126 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $3,272,812 |
| All other contributions, gifts, grants, and similar amounts not included above | $7,400 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $3,280,212 |
| Total Program Service Revenue | $107,336 |
| Investment income | $16,664 |
| 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 | $17,288 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $3,422,537 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $622,492 |
| 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. | $166,133 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $443,069 |
| Pension plan accruals and contributions | $7,287 |
| Other employee benefits | $27,219 |
| Payroll taxes | $45,550 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $8,925 |
| Fees for services: Accounting | $32,200 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $415,094 |
| Advertising and promotion | $890,723 |
| Office expenses | $73,166 |
| Information technology | $110,912 |
| Royalties | $0 |
| Occupancy | $85,906 |
| Travel | $34,416 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $35,774 |
| Interest | $34,992 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $65,778 |
| Insurance | $9,852 |
| All other expenses | $0 |
| Total functional expenses | $3,145,584 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $126,747 |
| Savings and temporary cash investments | $1,564,827 |
| Pledges and grants receivable | $325,599 |
| 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 | $14,832 |
| Prepaid expenses and deferred charges | $19,035 |
| Net Land, buildings, and equipment | $2,004,471 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $50,099 |
| Total assets | $4,105,610 |
| Accounts payable and accrued expenses | $199,111 |
| Grants payable | $0 |
| Deferred revenue | $200 |
| Tax-exempt bond liabilities | $1,057,745 |
| 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 | $50,099 |
| Total liabilities | $1,307,155 |
| Net assets without donor restrictions | $2,331,983 |
| Net assets with donor restrictions | $466,472 |
| 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 | $4,105,610 |
Grants Awarded
Over the last fiscal year, Tourism Council Of Frederick County Inc has awarded $616,889 in support to 15 organizations.
| Grant Recipient | Amount |
|---|---|
CATOCTIN FURNACE HISTORICAL SOCIETY PURPOSE: TRIPP ADVERTISING & TRIPP GROUP | $10,765 |
BRUNSWICK MAIN STREET PURPOSE: TRIPP ADVERTISING & MAIN STREET PROGRAMS | $38,612 |
DELAPLAINE ARTS CENTER PURPOSE: TRIPP ADVERTISING | $11,590 |
DOWNTOWN FREDERICK PARTNERSHIP PURPOSE: TRIPP ADVERTISING & MAIN STREET PROGRAMS | $207,897 |
LIBERTYTOWN VOLUNTEER FIRE DEPARTMENT PURPOSE: TRIPP ADVERTISING | $12,690 |
GREENSPRING FOUNDATION PURPOSE: TRIPP ADVERTISING | $8,972 |