Sarasota Convention And Visitors Bureau
- Assets
- $1.3m
- Revenue
- $4.6m
- Investments
- $0.0
- Employees
- 21
- Location
- Sarasota, FL
- Founding
- 05/1983
- Data as of
- 09/2021
- EIN
- 59-2189967
Organization Overview
Sarasota Convention And Visitors Bureau is located in Sarasota, FL. The organization was established in 1983. 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 09/2021, Sarasota Convention And Visitors Bureau employed 21 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Sarasota Convention And Visitors Bureau 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, Sarasota Convention And Visitors Bureau generated $4.6m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 6 years, the organization has seen revenues fall by an average of (5.9%) each year. All expenses for the organization totaled $4.6m during the year ending 09/2021. As we would expect to see with falling revenues, expenses have declined by (6.1%) per year over the past 6 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Sarasota Convention And Visitors Bureau has awarded 190 individual grants totaling $3,752,769. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
WE MAKE SARASOTA COUNTY A BETTER PLACE TO LIVE AND VISIT BY PROMOTING OUR COMMUNITY ON THE WORLD STAGE
Describe the Organization's Program Activity:
Part 3 - Line 4a
IMPLEMENTATION AND PRODUCTION OF THE MARKETING FOR TOURISTS OF SARASOTA COUNTY, FLORIDA
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Virginia Haley President | Officer | 50 | $151,319 |
Erin Duggan Vice President | Officer | 40 | $101,822 |
Lorrie Liang Secretary/treasurer | OfficerTrustee | 1 | $0 |
Nick Mavrikas Vice Chair | OfficerTrustee | 1 | $0 |
Christine Johnson Chair | OfficerTrustee | 1 | $0 |
Gil Reyes Trustee | Trustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Miles Media Website Design & Hosting Services | 9/29/21 | $1,684,977 |
Downs & St Germain Research Market Research | 9/29/21 | $146,000 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $384,235 |
| 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 | $384,235 |
| Total Program Service Revenue | $4,255,695 |
| Investment income | $770 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $4,640,700 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $529,286 |
| 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. | $205,501 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $771,326 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $117,746 |
| Payroll taxes | $70,189 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $867 |
| Fees for services: Accounting | $18,707 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $2,567,426 |
| Office expenses | $7,324 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $166,815 |
| Travel | $7,722 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $23,289 |
| Insurance | $6,411 |
| All other expenses | $61 |
| Total functional expenses | $4,586,127 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $370,834 |
| Savings and temporary cash investments | $319,340 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $433,638 |
| 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 | $77,964 |
| Net Land, buildings, and equipment | $37,762 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $11,436 |
| Total assets | $1,250,974 |
| Accounts payable and accrued expenses | $122,759 |
| Grants payable | $0 |
| Deferred revenue | $126,736 |
| 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 | $41,971 |
| Total liabilities | $291,466 |
| Net assets without donor restrictions | $959,508 |
| 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 | $1,250,974 |
Grants Awarded
Over the last fiscal year, Sarasota Convention And Visitors Bureau has awarded $529,286 in support to 12 organizations.
| Grant Recipient | Amount |
|---|---|
THE CONCESSION GOLD CLUB LLC PURPOSE: SPONSORSHIP | $200,000 |
POWERBOAT P1 USA LLC PURPOSE: SPONSORSHIP | $100,000 |
Sarasota, FL PURPOSE: SPONSORSHIP | $57,500 |
FOX LEA FARM INC PURPOSE: SPONSORSHIP | $47,027 |
FRIENDS OF SARASOTA COUNTY VISITOR SERVICES INC PURPOSE: SPONSORSHIP | $25,000 |
AMERICAN BICYCLE ASSOCIATION PURPOSE: SPONSORSHIP | $20,415 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Sarasota Convention And Visitors Bureau has recieved totaling $15,827.
| Awarding Organization | Amount |
|---|---|
Florida Sports Foundation Incorporated Orlando, FL PURPOSE: PROMOTION OF SPORTS IN FLORIDA | $15,827 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
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 |
Access To Capital For Entrepreneurs Inc Cleveland, GA | $88,796,114 | $11,013,240 |
The Miami-Dade Beacon Council Inc Miami, FL | $5,791,643 | $5,287,764 |
Sarasota Convention And Visitors Bureau Sarasota, FL | $1,250,974 | $4,640,700 |
Grove Park Foundation Inc Atlanta, GA | $25,190,874 | $3,791,912 |
Woodlawn Foundation Inc Birmingham, AL | $23,281,492 | $7,022,697 |
East Tampa Business And Civic Association Inc Tampa, FL | $6,775,919 | $3,764,186 |
Mobile Convention & Visitors Corporation Mobile, AL | $2,719,162 | $3,833,596 |
Rowen Foundation Inc Lawrenceville, GA | $75,583,362 | $5,573 |