Cobb Travel & Tourism Inc
- Assets
- $2.4m
- Revenue
- $2.4m
- Investments
- $0.0
- Employees
- 12
- Location
- Atlanta, GA
- Founding
- 12/1992
- Data as of
- 09/2021
- EIN
- 58-1951844
Organization Overview
Cobb Travel & Tourism Inc is located in Atlanta, GA. The organization was established in 1992. According to its NTEE Classification (S01) the organization is classified as: Alliances & Advocacy, under the broad grouping of Community Improvement & Capacity Building and related organizations. As of 09/2021, Cobb Travel & Tourism Inc employed 12 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Cobb Travel & Tourism 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 09/2021, Cobb Travel & Tourism Inc generated $2.4m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 9.4% each year. All expenses for the organization totaled $2.1m during the year ending 09/2021. While expenses have increased by 7.5% per year over the past 6 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO INCREASE VISITATION TO AND AWARENESS OF COBB COUNTY, GA, THEREBY ENHANCING ECONOMIC IMPACT WITHIN THE COUNTY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
TO INCREASE VISITATION TO AND AWARENESS OF COBB COUNTY, GA, THEREBY ENHANCING ECONOMIC IMPACT WITHIN THE COUNTY. COBB TRAVEL TOURISM, INC("CT&T") WAS CREATED TO STRENGTHEN THE ECONOMY IN COBB COUNTY,GEORGIA BY MARKETING THE COUNTY AS A DESTINATION FOR CONVENTIONS, MEETINGS, TRADE SHOWS, AND LEISURE TRAVEL THROUGH SALES, ADVERTISING, AND PROMOTION AND BY PROVIDING THOSE VISITOR AND CONVENTION SERVICES THAT ENHANCE CT&T'S EFFORTS. THE STATED PURPOSE OF CT&T IS TO ATTRACT CONVENTIONS AND PROMOTE TOURISM IN COBB COUNTY THROUGH CONTRACTS WITH VARIOUS AGENCIES AND MUNICIPALITIES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Holly Quinlan President & CEO | Officer | 40 | $162,559 |
Chris Colbert Staff | 40 | $112,210 | |
Lindsey Burruss Staff | 40 | $100,629 | |
Al Martin Secretary | OfficerTrustee | 1 | $0 |
Zach Kerns Chairman | OfficerTrustee | 1 | $0 |
Mike Knowles Treasurer | OfficerTrustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $1,347,696 |
| All other contributions, gifts, grants, and similar amounts not included above | $900,000 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $2,247,696 |
| Total Program Service Revenue | $105,879 |
| Investment income | $1,124 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$43 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $2,354,656 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $19,074 |
| 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. | $163,270 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $825,962 |
| Pension plan accruals and contributions | $30,434 |
| Other employee benefits | $141,221 |
| Payroll taxes | $63,381 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $14,553 |
| Fees for services: Accounting | $9,000 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $180,390 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $4,850 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $122,631 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $19,889 |
| Insurance | $7,722 |
| All other expenses | $132,392 |
| Total functional expenses | $2,064,073 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $121,348 |
| Savings and temporary cash investments | $2,219,891 |
| Pledges and grants receivable | $3,725 |
| 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 | $45,888 |
| Net Land, buildings, and equipment | $51,864 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $1,442 |
| Total assets | $2,444,158 |
| Accounts payable and accrued expenses | $91,434 |
| Grants payable | $0 |
| Deferred revenue | $23,528 |
| 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 | $251,652 |
| Other liabilities | $46,077 |
| Total liabilities | $412,691 |
| Net assets without donor restrictions | $1,520,697 |
| Net assets with donor restrictions | $510,770 |
| 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 | $2,444,158 |
Grants Awarded
Over the last fiscal year, Cobb Travel & Tourism Inc has awarded $19,074 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
PERFECT GAME INC PURPOSE: PERFECT GAME ASSISTANCE TO HOST SUMMER 2021 GAMES AND OFF SET COSTS | $19,074 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Miami Association Of Realtors Inc Miami, FL | $56,284,695 | $21,744,917 |
Metropolitan Atlanta Chamber Of Commerce Inc Atlanta, GA | $19,028,351 | $14,011,506 |
Savannah Area Chamber Of Commerce Savannah, GA | $13,537,143 | $16,865,609 |
Orlando Regional Realtor Association Inc Orlando, FL | $41,443,880 | $9,652,407 |
Jacksonville Regional Chamber Of Commerce Inc Jacksonville, FL | $9,462,619 | $9,572,618 |
Charlotte Regional Realtor Association Inc Charlotte, NC | $53,438,404 | $12,494,849 |
Hilton Head Island Bluffton Chamber Of Commerce Hilton Head Island, SC | $3,721,536 | $8,774,772 |
North Carolina Association Of Realtors Inc Greensboro, NC | $31,160,587 | $11,391,480 |
The North Carolina Community Action Association Raleigh, NC | $4,811,006 | $8,169,285 |
Orlando Economic Partnership Inc Orlando, FL | $7,838,258 | $8,634,020 |
Florida Chamber Of Commerce Tallahassee, FL | $11,287,883 | $6,720,102 |
Visitgreenville Sc Greenville, SC | $7,299,998 | $9,046,809 |