Cabell-Huntington Convention And Visitors Bureau
- Assets
- $1.3m
- Revenue
- $1.1m
- Investments
- $0.0
- Employees
- 10
- Location
- Huntington, WV
- Founding
- 11/1986
- Data as of
- 06/2022
- EIN
- 55-0656683
Organization Overview
Cabell-Huntington Convention And Visitors Bureau is located in Huntington, 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 06/2022, Cabell-Huntington Convention And Visitors Bureau employed 10 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Cabell-Huntington Convention And Visitors Bureau 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 06/2022, Cabell-Huntington Convention And Visitors Bureau generated $1.1m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 12.3% each year . All expenses for the organization totaled $712.5k during the year ending 06/2022. While expenses have increased by 6.1% per year over the past 7 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
TO OPERATE A CONVENTION & VISITORS BUREAU FOR SURROUNDING AREAS WHICH ENCOURAGES INCREASED ECONOMIC DEVELOPMENT AND TOURISM TO FURTHER THE GENERAL WELFARE AND PROSPERITY OF THE AREA.
Describe the Organization's Program Activity:
Part 3 - Line 4a
.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Flem T Compton President | Officer | 40 | $83,703 |
Audy Perry Chair | OfficerTrustee | 1 | $0 |
Carol Damron Secretary | OfficerTrustee | 1 | $0 |
Sandra Reed Vice Chair | OfficerTrustee | 1 | $0 |
Margaret Mary Layne Treasurer | OfficerTrustee | 1 | $0 |
Jacqueline Proctor Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $575 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $1,061,680 |
| 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 | $1,062,255 |
| Total Program Service Revenue | $47,547 |
| Investment income | $756 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $10,200 |
| 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 | $24,123 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,144,881 |
| 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. | $86,292 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $108,821 |
| Pension plan accruals and contributions | $6,493 |
| Other employee benefits | $18,517 |
| Payroll taxes | $21,645 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $20,550 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $289,745 |
| Office expenses | $32,316 |
| Information technology | $9,766 |
| Royalties | $0 |
| Occupancy | $51,895 |
| Travel | $6,030 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $3,022 |
| Interest | $8,048 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $2,177 |
| Insurance | $4,397 |
| All other expenses | $0 |
| Total functional expenses | $712,487 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $280 |
| Savings and temporary cash investments | $1,136,644 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $103,139 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $42,590 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $4,250 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $1,286,903 |
| Accounts payable and accrued expenses | $78,282 |
| 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 | $75,000 |
| Other liabilities | $0 |
| Total liabilities | $153,282 |
| Net assets without donor restrictions | $1,133,621 |
| 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 | $1,286,903 |
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