Atlanta Convention & Vistors Bureau Inc
- Assets
- $20.3m
- Revenue
- $17.1m
- Investments
- $2.6m
- Employees
- 95
- Location
- Atlanta, GA
- Founding
- 08/1946
- Data as of
- 12/2021
- EIN
- 58-0145680
Organization Overview
Atlanta Convention & Vistors Bureau Inc is located in Atlanta, GA. The organization was established in 1946. 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, Atlanta Convention & Vistors Bureau Inc employed 95 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Atlanta 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 12/2021, Atlanta Convention & Vistors Bureau Inc generated $17.1m in total revenue. The organization has seen a slow decline revenue. Over the past 7 years, revenues have fallen by an average of (1.3%) each year. All expenses for the organization totaled $16.0m during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (1.3%) per year over the past 7 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
TO SELL AND MARKET METRO ATLANTA AND GEORGIA GLOBALLY AS THE PREMIER CONVENTIONS, MEETINGS AND TOURISM DESTINATION IN THE REGIONAL, NATIONAL AND INTERNATIONAL MARKETPLACE AND FAVORABLY IMPACT THE ATLANTA ECONOMY THROUGH CONVENTIONS AND TOURISM.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE SALES DIVISION MANAGES AND COORDINATES THE DIRECT SALES EFFORTS OF PROMOTING THE GREATER ATLANTA AREA AS THE NATION'S BEST LOCATION FOR CONVENTIONS, TRADE SHOWS AND COMPANY MEETINGS.
THE MARKETING DIVISION DIRECTS AND COORDINATES THROUGH ADVERTISING AND PUBLICITY, SELLING THE GREATER ATLANTA AREA AS A PREMIER CONVENTION, CORPORATE MEETINGS AND TOURISM DESTINATION.
THE TOURISM DEPARTMENT WORKS WITH THE TRAVEL INDUSTRY DOMESTIC AND INTERNATIONAL TRAVEL AGENTS, TOUR OPERATION WHOLESALERS, AIRLINES AND OTHER TRAVEL ORGANIZATIONS TO PROMOTE THE GREATER ATLANTA AREA AS A VISITOR DESTINATION.
THE MEMBERSHIP AND COMMUNITY AFFAIRS DEPARTMENT IS RESPONSIBLE FOR SALES, SERVICING AND RETENTION OF CURRENT AND POTENTIAL ACVB MEMBERS. ADDITIONALLY, THE DEPARTMENT SERVES AS A LIAISON BETWEEN CITY GOVERNMENT, CIVIC OR COMMUNITY ORGANIZATIONS AND THE BUREAU.
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Mark Vaughan Cso | Officer | 50 | $869,403 |
William Pate President & CEO | OfficerTrustee | 50 | $723,975 |
Gregory Pierce Evp & Cao/cfo | Officer | 50 | $346,054 |
Andrew Wilson Cmo | Officer | 50 | $325,393 |
Charlene Lopez VP Sales | 50 | $185,919 | |
Cynthia Mokotoff VP Human Resources | 50 | $174,534 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $637,487 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $15,764,226 |
| 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 | $16,401,713 |
| Total Program Service Revenue | $361,109 |
| Investment income | $69,595 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $116,371 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $17,066,911 |
| 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. | $2,340,847 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $4,638,562 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $757,667 |
| Payroll taxes | $410,900 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $140,669 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $24,181 |
| Office expenses | $11,919 |
| Information technology | $395,854 |
| Royalties | $0 |
| Occupancy | $633,179 |
| Travel | $125,190 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $161,423 |
| Interest | $96,300 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $585,965 |
| Insurance | $47,763 |
| All other expenses | $1,444,035 |
| Total functional expenses | $15,988,799 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $2,275,389 |
| Savings and temporary cash investments | $4,160,324 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $208,138 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $3,636,368 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $606,578 |
| Net Land, buildings, and equipment | $2,430,080 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $2,602,788 |
| Investments—program-related | $4,073,525 |
| Intangible assets | $0 |
| Other assets | $287,794 |
| Total assets | $20,280,984 |
| Accounts payable and accrued expenses | $2,711,898 |
| 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 | $1,000,000 |
| Other liabilities | $751,025 |
| Total liabilities | $4,462,923 |
| Net assets without donor restrictions | $12,243,117 |
| Net assets with donor restrictions | $3,574,944 |
| 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 | $20,280,984 |
Endowment Analysis
| Beg. Balance | $5,773,863 |
| Earnings | $616,116 |
| Admin Expense | $33,584 |
| Net Contributions | $1,877,454 |
| Ending Balance | $8,233,849 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Metro Atlanta Host Committee Inc Atlanta, GA | $222,399 | $14,582,853 |
Economic Development Partnership Of North Carolina Inc Raleigh, NC | $8,246,221 | $25,900,688 |
Tampa Bay Convention & Visitors Bureau Inc Tampa, FL | $9,049,029 | $16,723,785 |
South Alabama Regional Planning Commission Mobile, AL | $10,162,715 | $18,722,811 |
Discover Palm Beach County Inc West Palm Beach, FL | $6,257,115 | $17,672,568 |
Step Up Suncoast Inc Sarasota, FL | $3,209,226 | $16,919,808 |
Atlanta Convention & Vistors Bureau Inc Atlanta, GA | $20,280,984 | $17,066,911 |
Memphis Convention And Visitors Bureau Memphis, TN | $38,589,779 | $17,172,027 |
Tennessee Technology Development Corporation Nashville, TN | $18,062,853 | $12,109,273 |
Riverfront Development Corporation Memphis, TN | $39,591,502 | $20,233,137 |
Chattanooga Area Convention And Visitors Bureau Inc Chattanooga, TN | $6,892,228 | $12,124,566 |
Nash-Edgecombe Economic Development Inc Rocky Mount, NC | $2,214,551 | $9,450,498 |