High Point Convention & Vistors Bureau Inc
- Assets
- $2.3m
- Revenue
- $2.5m
- Investments
- $0.0
- Employees
- 10
- Location
- High Point, NC
- Founding
- 07/1995
- Data as of
- 06/2023
- EIN
- 56-1923880
Organization Overview
High Point Convention & Vistors Bureau Inc is located in High Point, NC. The organization was established in 1995. 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, High Point Convention & Vistors Bureau Inc employed 10 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. High Point Convention & Vistors 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 06/2023, High Point Convention & Vistors Bureau Inc generated $2.5m in total revenue. This represents relatively stable growth, over the past 5 years the organization has increased revenue by an average of 4.0% each year. All expenses for the organization totaled $2.2m during the year ending 06/2023. While expenses have increased by 4.1% per year over the past 5 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 2019, High Point Convention & Vistors Bureau Inc has awarded 15 individual grants totaling $2,194,427. 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
THE MISSION OF VISIT HIGH POINT IS TO POSITION HIGH POINT AS A DESTINATION THAT VISITORS WILL ENJOY AND THAT LOCALS WILL WANT TO PROMOTE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
VISIT HIGH POINT IS THE OFFICIAL DESTINATION MANAGEMENT AND MARKETING ORGANIZATION THAT POSITIONS HIGH POINT AS A VIBRANT DESTINATION THAT VISITORS WILL ENJOY, AND LOCALS WILL WANT TO PROMOTE. OUR VISION IS TO LEVERAGE HIGH POINTS REPUTATION AS THE HOME FURNISHINGS CAPITAL OF THE WORLDTM AND THE HOME OF A WORLD-CLASS UNIVERSITY TO FURTHER THE EVOLUTION OF HIGH POINT AS A UNIQUE DESTINATION. WHILE THE FOCUS IS TO INCREASE ECONOMIC IMPACT BY PROVIDING FIRST-CLASS SERVICE TO OUR VISITORS AND MEETING PLANNERS, VISIT HIGH POINT ALSO WORKS TO DEVELOP OUR CITY AS A YEAR-ROUND DESTINATION THAT IS COMPETITIVE IN THE MARKETPLACE, GENERATING MORE BRAND AMBASSADORS AND FANS. WE WANT EACH VISITOR TO MAKE YOURSELF AT HOME IN HIGH POINT, NC. ESTABLISHED BY STATE LEGISLATION IN 1984, VISIT HIGH POINT, A NON-PROFIT 501 C 6 ORGANIZATION, IS FUNDED BY A SELF-IMPOSED THREE PERCENT ROOM OCCUPANCY TAX ON LOCAL HOTELS. NO LOCAL TAXPAYER FUNDS CITY, COUNTY, OR STATE ARE USED TO FUND VISIT HIGH POINT. THE REGIONAL VISITORS CENTER IS LOCATED AT 1634 N. MAIN ST., SUITE 102, HIGH POINT, N.C. FOR MORE INFORMATION, VISIT WWW.VISITHIGHPOINT.COM.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Melody Burnett President | Officer | 40 | $117,250 |
Derek Cress Director | Trustee | 0 | $0 |
Tom Van Dessel Asst Treasurer | OfficerTrustee | 0 | $0 |
Amoy Lindo-Coleman Director | Trustee | 0 | $0 |
Chris Amos Chair Elect | OfficerTrustee | 0 | $0 |
Carlvena Foster Director | Trustee | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $2,493,942 |
| 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 | $2,493,942 |
| Total Program Service Revenue | $25,864 |
| Investment income | $33,572 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$9,546 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $2,543,832 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $320,702 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $47,316 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $137,675 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $380,940 |
| Pension plan accruals and contributions | $15,615 |
| Other employee benefits | $49,762 |
| Payroll taxes | $38,874 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $8,650 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $47,127 |
| Advertising and promotion | $528,102 |
| Office expenses | $59,666 |
| Information technology | $73,392 |
| Royalties | $0 |
| Occupancy | $100,364 |
| Travel | $27,466 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $89,059 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $37,797 |
| Insurance | $9,217 |
| All other expenses | $25,176 |
| Total functional expenses | $2,167,795 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $6,878 |
| Savings and temporary cash investments | $1,453,665 |
| Pledges and grants receivable | $378,194 |
| 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 | $0 |
| Prepaid expenses and deferred charges | $299,211 |
| Net Land, buildings, and equipment | $168,891 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $10,675 |
| Other assets | $0 |
| Total assets | $2,317,514 |
| Accounts payable and accrued expenses | $30,115 |
| 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 | $0 |
| Other liabilities | $0 |
| Total liabilities | $30,115 |
| Net assets without donor restrictions | $2,287,399 |
| 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 | $2,317,514 |
Grants Awarded
Over the last fiscal year, High Point Convention & Vistors Bureau Inc has awarded $312,480 in support to 3 organizations.
| Grant Recipient | Amount |
|---|---|
CITY OF HIGH POINT PURPOSE: TOURISM | $250,000 |
DRIVE HIGH POINT FOUNDATION PURPOSE: tourism | $50,000 |
FRIENDS OF JOHN COLTRANE PURPOSE: TOURISM | $12,480 |