Dallas Tourism Public Improvement District Corporation

Organization Overview

Dallas Tourism Public Improvement District Corporation is located in Dallas, TX. The organization was established in 2014. According to its NTEE Classification (S40) the organization is classified as: Business & Industry, under the broad grouping of Community Improvement & Capacity Building and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Dallas Tourism Public Improvement District Corporation 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, Dallas Tourism Public Improvement District Corporation generated $10.1m 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 (6.1%) each year. All expenses for the organization totaled $7.1m during the year ending 09/2021. As we would expect to see with falling revenues, expenses have declined by (11.5%) per year over the past 6 years. You can explore the organizations financials more deeply in the financial statements section below.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2021

Describe the Organization's Mission:

Part 3 - Line 1

THE DALLAS TOURISM PUBLIC IMPROVEMENT DISTRICT IS A PUBLIC IMPROVEMENT DISTRICT DEDICATED TO IMPROVING CONVENTION AND GROUP HOTEL BOOKINGS AND HOTEL ROOM NIGHT CONSUMPTION IN THE CITY OF DALLAS.

Describe the Organization's Program Activity:

Part 3 - Line 4a

THE MOST SIGNIFICANT PORTION OF DTPID FUNDS IS DEVOTED TO GROUP INCENTIVES WHEN CITY OF DALLAS IS COMPETING WITH OTHER DESTINATIONS TO WIN THE BOOKINGS OF EVENTS THAT HAVE THE DESIRED IMPACT ON CITY OF DALLAS HOTELS, RESTAURANTS, ARTS, AND ENTERTAINMENT. DTPID-APPROVED INCENTIVES WERE INSTRUMENTAL FOR DALLAS BOOKING SIGNIFICANT EVENTS, INCLUDING THE 2024 NCAA MEN'S REGIONAL BASKETBALL CHAMPIONSHIP, IEEE SUPERCOMPUTING, NATIONAL AUTOMOBILE DEALERS ASSOCIATION SHOW, AND REDFIN REAL ESTATE. THERE WERE 13 MAJOR EVENTS BOOKED IN FY21 FOR FUTURE YEARS DUE IN PART TO DTPID INCENTIVES WITH A COMBINED ECONOMIC IMPACT OF MORE THAN $338 MILLION. DESPITE THE EFFECTS OF COVID-19 CONTINUING TO AFFECT TRAVEL AND TOURISM, THE CITY HOSTED THE ASIAN AMERICAN HOTEL OWNERS ASSOCIATION, AUSTIN JUNIOR VOLLEYBALL...ASSOCIATION, HOSPITALITY FINANCIAL AND TECHNOLOGY PROFESSIONALS, MAJOR LEAGUE SOCCER, TEXAS ASSOCIATION OF SCHOOL BOARDS AND THE TFN CAMPS & CLINICS. THESE EVENTS ALONE GENERATED OVER 80,000 HOTEL ROOM NIGHTS FOR DALLAS HOTELS.


DTPID ALLOCATES APPROXIMATELY 35% OF ITS REVENUE FOR REGIONAL AND NATIONAL MARKETING AND ADVERTISING CAMPAIGNS DIRECTED TOWARD BOTH LEISURE AND BUSINESS TRAVEL. CREATIVE ASSETS WERE DEVELOPED FOR THE NEW "FIND YOUR ALL" CAMPAIGN LAUNCHED ACROSS MULTIPLE PLATFORMS, INCLUDING BROADCAST, DIGITAL, PRINT, BILLBOARDS, AND SOCIAL MEDIA EXECUTIONS. IMPRESSIONS FROM PAID MEDIA EXCEEDED 111 MILLION. DTPID FUNDED NEW YEAR'S EVE PROGRAMMING WITH AN HOUR-LONG BROADCAST OF DALLAS CONTENT IN SIX CENTRAL STATES, ALONG WITH A CO-OP MEDIA BUY WITH ENTERPRISE AND EXPEDIA GENERATING ALMOST 22,000 ROOM NIGHTS DURING A CRITICAL PERIOD FOR DALLAS HOTELS.


MORE THAN 100 TAILORED SITE VISITS AND FAMILIARIZATION TOURS WERE CONDUCTED DURING FY21 TO PROMOTE DALLAS AS AN IDEAL TRAVEL, EVENT AND MEETING DESTINATION. DTPID MADE FUNDING FOR THESE TOURS POSSIBLE. TOURS BROUGHT EVENT PLANNERS, DECISION-MAKERS, TOUR OPERATORS, AND MEDIA TO DALLAS TO EXPERIENCE THE CITY FIRST-HAND BY HIGHLIGHTING THE LANDMARKS, HOTELS, RESTAURANTS, AND UNIQUE DALLAS ACTIVITIES. EFFORTS TO BRING THE FIFA WORLD CUP 2026 TO DALLAS WERE AMONG THE SITE VISITS FUNDED BY THE DTPID. FUNDS ALSO SUPPORT LOCAL ARTS, CULTURAL GROUPS AND EVENTS THAT COULD DRAW OVERNIGHT VISITORS TO DALLAS. OVER $1.3 MILLION WAS APPROVED TO ASSIST 63 ORGANIZATIONS IN MARKETING THEIR EVENTS.


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Board, Officers & Key Employees

Name (title)Compensation
Fred Euler
Exec Director
$61,935
Greg White
Chairman
$0
Mark Woelffer
Vice Chair
$0
Robert Watson
Secretary
$0
Sean Kennerty
Director
$0
Mike Patel
Director
$0

Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$0
Fundraising events$0
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$0
Total Program Service Revenue$10,119,977
Investment income $27,211
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 $10,147,188

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