Parkersburg Wood County Convention & Visitors Bureau Inc
- Assets
- $552.7k
- Revenue
- $682.6k
- Investments
- $0.0
- Employees
- 3
- Location
- Parkersburg, WV
- Founding
- 06/1986
- Data as of
- 12/2021
- EIN
- 55-0652972
Organization Overview
Parkersburg Wood County Convention & Visitors Bureau Inc is located in Parkersburg, WV. The organization was established in 1986. 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 12/2021, Parkersburg Wood County Convention & Visitors Bureau Inc employed 3 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Parkersburg Wood County Convention & Visitors Bureau Inc 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 12/2021, Parkersburg Wood County Convention & Visitors Bureau Inc generated $682.6k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 1.7% each year. All expenses for the organization totaled $578.3k during the year ending 12/2021. 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
DESTINATION MARKETING ORGANIZATION PROMOTING WOOD COUNTY WV AS A DESTINATION FOR LEISURE TRAVEL, MEETINGS, GROUP TOURS AND SPORTS EVENTS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROMOTING TOURISM THROUGH THE USE OF BROCHURES, MAPS, BUS TOURS, ADVERTISING, AND WORD OF MOUTH.
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Mark Lewis President & CEO | Officer | 40 | $86,627 |
Dwight Marty Treasurer | OfficerTrustee | 1 | $0 |
Blair Couch Chairman | OfficerTrustee | 1 | $0 |
Cal Malcom Secretary | OfficerTrustee | 1 | $0 |
Chad Winebrenner Vice Chairman | OfficerTrustee | 1 | $0 |
Kristi Steed Board Member | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $21,620 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $656,564 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $678,184 |
| Total Program Service Revenue | $4,078 |
| Investment income | $0 |
| 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 | $682,599 |
| 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. | $104,736 |
| Compensation of current officers, directors, key employees. | $17,487 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $93,540 |
| Pension plan accruals and contributions | $2,098 |
| Other employee benefits | $14,419 |
| Payroll taxes | $4,823 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $8,100 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $277,525 |
| Office expenses | $6,588 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $13,980 |
| Travel | $3,314 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $584 |
| Interest | $4,921 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $7,681 |
| Insurance | $0 |
| All other expenses | $5,242 |
| Total functional expenses | $578,290 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $371,774 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $68,353 |
| 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 | $6,164 |
| Net Land, buildings, and equipment | $81,648 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $24,780 |
| Total assets | $552,719 |
| Accounts payable and accrued expenses | $18,326 |
| Grants payable | $0 |
| Deferred revenue | $26,214 |
| 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 | $149,454 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $193,994 |
| Net assets without donor restrictions | $358,725 |
| 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 | $552,719 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Parkersburg Wood County Convention & Visitors Bureau Inc has recieved totaling $9,082.
| Awarding Organization | Amount |
|---|---|
Parkersburg Area Community Foundation Inc Parkersburg, WV PURPOSE: FOOD ACCESS | $9,082 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Marshall University Research Corporation Huntington, WV | $66,297,155 | $55,595,334 |
Pidc-Developement Management Corporation Philadelphia, PA | $0 | $30,722,052 |
Calvert Impact Capital Inc Bethesda, MD | $679,643,317 | $23,234,500 |
Delaware River Waterfront Corporation Philadelphia, PA | $26,551,411 | $24,883,136 |
T R W I B Inc Pittsburgh, PA | $14,392,055 | $22,959,509 |
Wright Brothers Institute Inc Dayton, OH | $23,307,656 | $22,085,089 |
Pidc Financing Corp Philadelphia, PA | $6,556,052 | $18,403,713 |
Purchase Area Development District Inc Mayfield, KY | $0 | $14,269,202 |
The Convention And Visitors Bureau Of Greater Cleveland Inc Cleveland, OH | $25,296,918 | $17,425,666 |
Ridc Regional Growth Fund Pittsburgh, PA | $36,670,171 | $9,947,122 |
Columbus Downtown Development Corporation Columbus, OH | $118,710,723 | $12,117,471 |
Delaware County Economic Development Oversight Board Media, PA | $2,255,958 | $10,697,300 |