Washington Dc Convention And Tourism Corporation
- Assets
- $11.7m
- Revenue
- $11.2m
- Investments
- $0.0
- Employees
- 138
- Location
- Washington, DC
- Founding
- 07/1977
- Data as of
- 09/2021
- EIN
- 52-1070609
Organization Overview
Washington Dc Convention And Tourism Corporation, operating under the name Destination Dc, is located in Washington, DC. The organization was established in 1977. 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. As of 09/2021, Destination DC employed 138 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Destination DC 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 09/2021, Destination DC generated $11.2m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 6 years, the organization has seen revenues fall by an average of (10.8%) each year. All expenses for the organization totaled $15.1m during the year ending 09/2021. As we would expect to see with falling revenues, expenses have declined by (6.0%) per year over the past 6 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
THE WASHINGTON, DC CONVENTION & TOURISM CORPORATION SERVES AS THE LEAD ORGANIZATION TO SUCCESSFULLY MANAGE AND MARKET WASHINGTON, DC AS A PREMIER GLOBAL CONVENTION, TOURISM AND SPECIAL EVENTS DESTINATION.
Describe the Organization's Program Activity:
Part 3 - Line 4a
MARKETING AND COMMUNICATIONS - TO POSITION WASHINGTON, DC AS A LEADING LEISURE AND CONVENTION DESTINATION THROUGH TARGETED AND INTEGRATED MARKETING AND PUBLIC RELATIONS EFFORTS.
CONVENTION SALES AND SERVICES - 1) TO POSITION AND SELL WASHINGTON, DC AS A DESTINATION FOR CORPORATE AND ASSOCIATION MEETINGS AND CONVENTIONS, CREATING CONNECTIONS WITH CUSTOMERS THROUGH PERSONAL SALES CALLS, TRADE SHOWS, AND MEANINGFUL CLIENT EVENTS. 2) TO PROVIDE SUPPORT TO CONVENTION AND MEETING PLANNERS THAT BOOK GROUPS IN WASHINGTON, DC BY CONDUCTING SITE INSPECTIONS, PROVIDING PROMOTIONAL INFORMATION AND ATTENDANCE SUPPORT, AND DISTRIBUTING SERVICE LEADS TO MEMBER BUSINESSES.
TOURISM - TO BUILD RELATIONSHIPS WITH TOUR OPERATORS, WHOLESALERS, RECEPTIVE OPERATORS, TRAVEL AGENTS, SPORTING EVENT ORGANIZERS, AND TRAVEL SERVICE PROVIDERS TO INCREASE DOMESTIC AND INTERNATIONAL GROUP AND INDIVIDUAL PACKAGED TRAVEL.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Elliott Ferguson President & CEO | OfficerTrustee | 37.5 | $414,123 |
Robin Mcclain Sr. VP Marketing & Comms | 37.5 | $198,882 | |
John Kim CFO | Officer | 37.5 | $191,352 |
Melissa Riley VP Convention Sales & Services | 37.5 | $177,001 | |
Theresa Belpulsi VP Tourism & Visitor Services | 37.5 | $140,070 | |
Carol Motley Director Of Convention Sales | 37.5 | $134,805 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
January Third Llc Marketing And Advertising | 9/29/21 | $297,323 |
Capital Region Usa Inc Int And Domestic Advertising | 9/29/21 | $180,000 |
Cvent Inc Passkey License | 9/29/21 | $144,607 |
Mmgy Global Llc Marketing And Advertising | 9/29/21 | $2,884,501 |
Ntiva Inc It Services And Supplies | 9/29/21 | $139,652 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $9,502,842 |
| 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 | $9,502,842 |
| Total Program Service Revenue | $1,359,938 |
| Investment income | $159,493 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $197,461 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $11,231,597 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $51,871 |
| 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. | $1,064,778 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $6,109,737 |
| Pension plan accruals and contributions | $408,427 |
| Other employee benefits | $622,070 |
| Payroll taxes | $575,302 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $7,375 |
| Fees for services: Accounting | $74,373 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $42,282 |
| Fees for services: Other | $24,648 |
| Advertising and promotion | $3,390,799 |
| Office expenses | $335,553 |
| Information technology | $374,436 |
| Royalties | $0 |
| Occupancy | $1,068,525 |
| Travel | $45,274 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $236,971 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $234,806 |
| Insurance | $61,113 |
| All other expenses | $0 |
| Total functional expenses | $15,096,690 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,407,389 |
| Savings and temporary cash investments | $718 |
| Pledges and grants receivable | $338,392 |
| Accounts receivable, net | $1,945,008 |
| 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 | $201,141 |
| Net Land, buildings, and equipment | $999,677 |
| Investments—publicly traded securities | $5,658,220 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $1,172,441 |
| Total assets | $11,722,986 |
| Accounts payable and accrued expenses | $829,401 |
| Grants payable | $0 |
| Deferred revenue | $496,886 |
| 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 | $150,000 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $7,562,772 |
| Total liabilities | $9,039,059 |
| Net assets without donor restrictions | $2,683,927 |
| 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 | $11,722,986 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Washington Dc Convention And Tourism Corporation has recieved totaling $10,000.
| Awarding Organization | Amount |
|---|---|
Downtown Business Improvement District Corporation Washington, DC PURPOSE: BID PANDEMIC ASSISTANCE GRANT | $10,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
American Psychiatric Association Washington, DC | $179,554,491 | $53,525,834 |
Mexican Haas Avocado Importers Association Fallston, MD | $10,238,623 | $43,648,629 |
Certified Financial Planner Board Of Standards Inc Washington, DC | $72,477,411 | $49,028,168 |
Guaranty Association Benefits Company Washington, DC | $1,687,230,547 | $54,247,522 |
American Trucking Associations Inc Washington, DC | $115,646,374 | $45,819,466 |
Entertainment Software Association Washington, DC | $37,670,266 | $39,894,859 |
Fs-Isac Inc Reston, VA | $27,418,346 | $31,957,295 |
National Business Aviation Association Inc Washington, DC | $41,505,986 | $35,013,449 |
National Association Of Convenience Stores Inc Alexandria, VA | $81,131,547 | $56,800,862 |
Corporation For Travel Promotion Washington, DC | $155,155,340 | $50,300,586 |
Alliance For Automotive Innovation Washington, DC | $16,322,930 | $27,313,596 |
Air-Conditioning Heating And Refrigeration Institute Arlington, VA | $58,066,234 | $32,390,159 |