Statesboro Convention And Visitors Bureau Inc
- Assets
- $1.9m
- Revenue
- $627.4k
- Investments
- $0.0
- Employees
- 6
- Location
- Statesboro, GA
- Founding
- 03/1987
- Data as of
- 06/2022
- EIN
- 58-1672673
Organization Overview
Statesboro Convention And Visitors Bureau Inc, operating under the name Inc, is located in Statesboro, GA. The organization was established in 1987. 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, Inc employed 6 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. 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 06/2022, Inc generated $627.4k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 9.1% each year. All expenses for the organization totaled $340.8k during the year ending 06/2022. While expenses have increased by 2.7% 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
THE BUREAU WORKS TO PROMOTE CONVENTIONS AND TOURISM IN STATESBORO AND BULLOCH COUNTY
Describe the Organization's Program Activity:
Part 3 - Line 4a
VISITORS' CENTER: THE BUREAU OPERATES A VISITORS CENTER TO PROMOTE LOCAL PRODUCTS AND PROMOTE TOURISM IN STATESBORO, GA
WEBSITE DEVELOPMENT/MAINTENANCE: THE BUREAU HAS DEVELOPED AND MAINTAINS A WEBSITE TO ATTRACT VISITORS TO AND PROMOTE TOURISM IN STATESBORO, GA
MARKETING AND PROMOTIONS: THE BUREAU WORKS THROUGH VARIOUS PRINTED MATERIALS, SIGNAGE, AND OTHER AVENUES TO DEVELOP CONVENTIONS AND EVENTS AND PROMOTE TOURISM IN STATESBORO, GA
OTHER/WARHEOUSE EXPENSES: THE BUREAU COMPLETED RENOVATION OF THE WAREHOUSE PURCHASED IN 2018 FOR USE AS AN EVENT VENUE TO ATTRACT VISITORS TO AND PROMOTE TOURISM IN STATESBORO, GA
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Brent Tharpe Past Preside | OfficerTrustee | $0 | |
Barry Turner President | OfficerTrustee | $0 | |
Jeff Yawn Secretary/tr | OfficerTrustee | $0 | |
Darryl Hopkins Board Member | OfficerTrustee | $0 | |
Bryan Davis Board Member | OfficerTrustee | $0 | |
Franklin Dismuke Board Member | Trustee | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $590,555 |
| 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 | $590,555 |
| Total Program Service Revenue | $0 |
| Investment income | $79 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$146 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $3,965 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $627,430 |
| 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. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $158,890 |
| Pension plan accruals and contributions | $4,089 |
| Other employee benefits | $6,249 |
| Payroll taxes | $12,079 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $16,983 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $18,115 |
| Office expenses | $6,971 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $36,883 |
| Travel | $1,375 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $5,599 |
| Interest | $5,245 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $24,585 |
| Insurance | $8,884 |
| All other expenses | $4,216 |
| Total functional expenses | $340,816 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $285,533 |
| Savings and temporary cash investments | $22,696 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $117,505 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $11,817 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $1,497,886 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $1,935,437 |
| Accounts payable and accrued expenses | $10,223 |
| 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 | $751,512 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $761,735 |
| Net assets without donor restrictions | $1,173,702 |
| 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 | $1,935,437 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Statesboro Convention And Visitors Bureau Inc has recieved totaling $5,000.
| Awarding Organization | Amount |
|---|---|
Emory University Atlanta, GA PURPOSE: RESEARCH/SUBCONTRACT | $5,000 |
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 |