Lake Lanier Convention & Visitors Bureau Inc
- Assets
- $430.5k
- Revenue
- $794.1k
- Investments
- $0.0
- Employees
- 4
- Location
- Gainesville, GA
- Founding
- 08/1992
- Data as of
- 06/2023
- EIN
- 58-2007320
Organization Overview
Lake Lanier Convention & Visitors Bureau Inc is located in Gainesville, GA. The organization was established in 1992. 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, Lake Lanier Convention & Visitors Bureau Inc employed 4 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Lake Lanier Convention & Visitors 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, Lake Lanier Convention & Visitors Bureau Inc generated $794.1k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 6.6% each year. All expenses for the organization totaled $665.8k during the year ending 06/2023. While expenses have increased by 2.8% 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
TO PROMOTE TOURISM, SPECIAL EVENTS, SPORTING EVENTS, AND CONVENTIONS IN THE GREATER HALL COUNTY AREA.
Describe the Organization's Program Activity:
Part 3 - Line 4a
TO PROMOTE TOURISM, SPECIAL EVENTS, SPORTING EVENTS, AND CONVENTIONS IN THE GREATER HALL COUNTY AREA.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Charles Burton Director | Trustee | 2 | $0 |
Renee Carden Sec/treasure | OfficerTrustee | 2 | $0 |
Christine Cave Director | Trustee | 2 | $0 |
Jamie Fields Director | Trustee | 2 | $0 |
Jeff Hylton Director | Trustee | 2 | $0 |
Carli Jones Director | Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $775,918 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $42,550 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $775,918 |
| Total Program Service Revenue | $0 |
| Investment income | $604 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $1,549 |
| Net Income from Fundraising Events | $15,427 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $794,134 |
| 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 | $199,861 |
| Pension plan accruals and contributions | $13,339 |
| Other employee benefits | $0 |
| Payroll taxes | $15,892 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $14,066 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $93,763 |
| Office expenses | $34,557 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $26,800 |
| Travel | $53,625 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $415 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $15,851 |
| Insurance | $1,736 |
| All other expenses | $67,506 |
| Total functional expenses | $665,821 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $100,291 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $32,774 |
| 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 | $3,368 |
| Net Land, buildings, and equipment | $171,775 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $122,260 |
| Total assets | $430,468 |
| Accounts payable and accrued expenses | $17,101 |
| 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 | $31,142 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $13,141 |
| Total liabilities | $61,384 |
| Net assets without donor restrictions | $369,084 |
| 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 | $430,468 |