Chattanooga Area Convention And Visitors Bureau Inc
- Assets
- $6.9m
- Revenue
- $12.1m
- Investments
- $0.0
- Employees
- 33
- Location
- Chattanooga, TN
- Founding
- 07/1949
- Data as of
- 12/2021
- EIN
- 62-0156713
Organization Overview
Chattanooga Area Convention And Visitors Bureau Inc, operating under the name Chattanooga Tourism Company, is located in Chattanooga, TN. The organization was established in 1949. 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 12/2021, Chattanooga Tourism Company employed 33 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Chattanooga Tourism Company is a 501(c)(4) and as such, is described as a "Civic League, Social Welfare Organization, and Local Association of Employees" by the IRS.
For the year ending 12/2021, Chattanooga Tourism Company generated $12.1m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 5.6% each year. All expenses for the organization totaled $10.1m during the year ending 12/2021. While expenses have increased by 3.8% 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.
Since 2017, Chattanooga Tourism Company has awarded 12 individual grants totaling $3,808,766. 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
TO PROMOTE TOURISM AND CONVENTIONS IN THE LOCAL CHATTANOOGA AREA
Describe the Organization's Program Activity:
Part 3 - Line 4a
TO PROMOTE TOURISM AND CONVENTIONS IN THE LOCAL CHATTANOOGA AREA
TO IMPROVE AWARENESS OF LOCAL REGION AND AREA ATTRACTIONS THROUGH USE OF PROMOTIONAL MAILERS AND MARKET RESEARCH
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Barry White Chief Executive Officer | Officer | 40 | $261,464 |
Mike Zumbaugh Finance Director | Officer | 40 | $163,071 |
Timothy Morgan Chief Sports Officer | Officer | 40 | $162,866 |
Brian Murphy Chief Development Officer | Officer | 40 | $159,769 |
Keith Sanford Board Member | Trustee | 0 | $0 |
Hugh Morrow Chairman | Trustee | 0 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Miles Partnership Marketing | 12/30/21 | $2,740,897 |
Suntrust Cc Credit Card Payments | 12/30/21 | $864,866 |
Chattanooga Convention Center Event Space | 12/30/21 | $322,361 |
Tssaa Athletic Events | 12/30/21 | $300,631 |
Fidelity Investments Retirement Plan Contributions | 12/30/21 | $294,679 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $10,724,945 |
| 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 | $10,724,945 |
| Total Program Service Revenue | $1,391,579 |
| Investment income | $731 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$1,109 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $12,124,566 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $853,469 |
| 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. | $754,981 |
| Compensation of current officers, directors, key employees. | $65,000 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,240,231 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $308,826 |
| Payroll taxes | $140,449 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $58,218 |
| Advertising and promotion | $4,485,384 |
| Office expenses | $156,012 |
| Information technology | $2,019 |
| Royalties | $0 |
| Occupancy | $146,221 |
| Travel | $110,777 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $3,743 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $14,633 |
| Insurance | $46,450 |
| All other expenses | $724,594 |
| Total functional expenses | $10,136,676 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $4,946,664 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $1,782,639 |
| 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 | $76,679 |
| Net Land, buildings, and equipment | $84,899 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $1,347 |
| Total assets | $6,892,228 |
| Accounts payable and accrued expenses | $1,315,867 |
| Grants payable | $0 |
| Deferred revenue | $50,695 |
| 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 | $1,366,562 |
| Net assets without donor restrictions | $5,525,666 |
| 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 | $6,892,228 |
Grants Awarded
Over the last fiscal year, Chattanooga Area Convention And Visitors Bureau Inc has awarded $274,100 in support to 7 organizations.
| Grant Recipient | Amount |
|---|---|
Chattanooga, TN PURPOSE: PROVIDE SUPPORT FOR EVENTS/CONVENTIONS THAT PROMOTE TOURISM IN THE LOCAL CHATTANOOGA AREA IN ACCORDANCE WITH RESOLUTION 207-27. | $71,000 |
Chattanooga, TN PURPOSE: PROVIDE SUPPORT FOR EVENTS/CONVENTIONS THAT PROMOTE TOURISM IN THE LOCAL CHATTANOOGA AREA IN ACCORDANCE WITH RESOLUTION 207-27. | $67,000 |
CARAVAN TRIBE LLC PURPOSE: PROVIDE SUPPORT FOR EVENTS/CONVENTIONS THAT PROMOTE TOURISM IN THE LOCAL CHATTANOOGA AREA IN ACCORDANCE WITH RESOLUTION 207-27. | $40,000 |
CHATTANOOGA PRESENTS PURPOSE: PROVIDE SUPPORT FOR EVENTS/CONVENTIONS THAT PROMOTE TOURISM IN THE LOCAL CHATTANOOGA AREA IN ACCORDANCE WITH RESOLUTION 207-27. | $40,000 |
Chattanooga, TN PURPOSE: PROVIDE SUPPORT FOR EVENTS/CONVENTIONS THAT PROMOTE TOURISM IN THE LOCAL CHATTANOOGA AREA IN ACCORDANCE WITH RESOLUTION 207-27. | $31,100 |
Soddy Daisy, TN PURPOSE: PROVIDE SUPPORT FOR EVENTS/CONVENTIONS THAT PROMOTE TOURISM IN THE LOCAL CHATTANOOGA AREA IN ACCORDANCE WITH RESOLUTION 207-27. | $15,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Southern Mississippi Planning And Development District Inc Gulfport, MS | $44,385,657 | $33,837,059 |
Metro Atlanta Host Committee Inc Atlanta, GA | $222,399 | $14,582,853 |
Economic Development Partnership Of North Carolina Inc Raleigh, NC | $8,246,221 | $25,900,688 |
Mississippi County Arkansas Economic Opportunity Commission In Blytheville, AR | $4,387,153 | $19,452,667 |
South Alabama Regional Planning Commission Mobile, AL | $10,162,715 | $18,722,811 |
Atlanta Convention & Vistors Bureau Inc Atlanta, GA | $20,280,984 | $17,066,911 |
Memphis Convention And Visitors Bureau Memphis, TN | $38,589,779 | $17,172,027 |
St Louis Economic Development Partnership Saint Louis, MO | $27,235,860 | $13,883,018 |
Purchase Area Development District Inc Mayfield, KY | $0 | $14,269,202 |
Tennessee Technology Development Corporation Nashville, TN | $18,062,853 | $12,109,273 |
Riverfront Development Corporation Memphis, TN | $39,591,502 | $20,233,137 |
Chattanooga Area Convention And Visitors Bureau Inc Chattanooga, TN | $6,892,228 | $12,124,566 |