Cobb Travel & Tourism Inc
- Assets
- $3.9m
- Revenue
- $4.2m
- Investments
- $0.0
- Employees
- 18
- Location
- Atlanta, GA
- Founding
- 12/1992
- Data as of
- 09/2023
- 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 09/2023, Cobb Travel & Tourism Inc employed 18 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 09/2023, Cobb Travel & Tourism Inc generated $4.2m in total revenue. This organization has experienced exceptional growth, as over the past 8 years, it has increased revenue by an average of 15.2% each year . All expenses for the organization totaled $3.2m during the year ending 09/2023. While expenses have increased by 11.4% per year over the past 8 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
2023
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 |
|---|---|---|---|
Jennifer Bennett At-Large | OfficerTrustee | 1 | $0 |
Zach Kerns Chairman | OfficerTrustee | 1 | $0 |
Dale Kaetzel Director | Trustee | 1 | $0 |
Monique Sheffield Director | Trustee | 1 | $0 |
John Hill Director | Trustee | 1 | $0 |
James L Rhoden Jr Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $1,722,812 |
| All other contributions, gifts, grants, and similar amounts not included above | $2,379,973 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $4,102,785 |
| Total Program Service Revenue | $96,875 |
| Investment income | $48,803 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$5,023 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $4,243,440 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $55,789 |
| 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. | $690,356 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $783,166 |
| Pension plan accruals and contributions | $49,183 |
| Other employee benefits | $219,619 |
| Payroll taxes | $122,433 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $43,382 |
| Fees for services: Accounting | $11,994 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $296,082 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $9,862 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $228,954 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $14,533 |
| Insurance | $5,791 |
| All other expenses | $168,197 |
| Total functional expenses | $3,169,137 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $3,571,920 |
| Savings and temporary cash investments | $196,551 |
| Pledges and grants receivable | $363 |
| 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 | $81,851 |
| Net Land, buildings, and equipment | $42,222 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $37,081 |
| Total assets | $3,929,988 |
| Accounts payable and accrued expenses | $177,807 |
| Grants payable | $0 |
| Deferred revenue | $20,219 |
| 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 | $198,026 |
| Net assets without donor restrictions | $2,847,321 |
| Net assets with donor restrictions | $884,641 |
| 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 | $3,929,988 |
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 |