Sarasota Convention And Visitors Bureau
- Assets
- $1.9m
- Revenue
- $2.0m
- Investments
- $0.0
- Employees
- 21
- Location
- Sarasota, FL
- Founding
- 05/1983
- Data as of
- 09/2023
- 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 09/2023, 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 09/2023, Sarasota Convention And Visitors Bureau generated $2.0m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 8 years, the organization has seen revenues fall by an average of (13.9%) each year. All expenses for the organization totaled $1.7m during the year ending 09/2023. As we would expect to see with falling revenues, expenses have declined by (15.8%) per year over the past 8 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Sarasota Convention And Visitors Bureau has awarded 219 individual grants totaling $4,336,112. 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
2023
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
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Virginia Haley President | Officer | 50 | $207,354 |
Erin Duggan Vice President | Officer | 40 | $105,684 |
Richard Russell Secretary/treasurer | OfficerTrustee | 1 | $0 |
Nick Mavrikas Chair | OfficerTrustee | 1 | $0 |
Lorrie Liang Vice Chair | OfficerTrustee | 1 | $0 |
Christine Johnson Past Chair | 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 | $13,916 |
| Related organizations | $0 |
| Government grants | $0 |
| 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 | $13,916 |
| Total Program Service Revenue | $1,967,824 |
| Investment income | $5,857 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $51,586 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | -$14,896 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $2,024,287 |
| 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. | $224,854 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $922,949 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $129,131 |
| Payroll taxes | $82,181 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $13,532 |
| Fees for services: Accounting | $63,126 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $2,000 |
| Advertising and promotion | $81,355 |
| Office expenses | $6,721 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $57,556 |
| Travel | $3,128 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $6,860 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $20,139 |
| Insurance | $7,309 |
| All other expenses | $8,062 |
| Total functional expenses | $1,686,029 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $462,611 |
| Savings and temporary cash investments | $398,491 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $782,566 |
| 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 | $70,242 |
| Net Land, buildings, and equipment | $34,517 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $179,388 |
| Total assets | $1,927,815 |
| Accounts payable and accrued expenses | $217,147 |
| Grants payable | $0 |
| Deferred revenue | $174,749 |
| 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 | $154,175 |
| Total liabilities | $546,071 |
| Net assets without donor restrictions | $1,381,744 |
| 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 | $1,927,815 |
Grants Awarded
Over the last fiscal year, Sarasota Convention And Visitors Bureau has awarded $355,257 in support to 9 organizations.
| Grant Recipient | Amount |
|---|---|
UNITED STATES DRAGON BOAT FEDERATION PURPOSE: SPONSORSHIP | $20,000 |
SOCCER SKILLS FL INC PURPOSE: SPONSORSHIP | $9,808 |
HAVOC SPORTS INC PURPOSE: SPONSORSHIP | $5,488 |
FOX LEA FARM INC PURPOSE: SPONSORSHIP | $48,231 |
SARASOTA SHARKS INC PURPOSE: SPONSORSHIP | $6,324 |
POWERBOAT P1 USA LLC PURPOSE: SPONSORSHIP | $100,000 |