Memphis Convention And Visitors Bureau

Organization Overview

Memphis Convention And Visitors Bureau is located in Memphis, TN. The organization was established in 1978. 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 06/2022, Memphis Convention And Visitors Bureau employed 41 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Memphis 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 06/2022, Memphis Convention And Visitors Bureau generated $18.5m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 1.7% each year. All expenses for the organization totaled $14.5m during the year ending 06/2022. While expenses have increased by 6.0% 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.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2022

Describe the Organization's Mission:

Part 3 - Line 1

SEE SCHEDULE O

Describe the Organization's Program Activity:

Part 3 - Line 4a

CONVENTION SALES & SERVICES - PROMOTE MEMPHIS TO VARIOUS SEGMENTS OF MEETING AND CONVENTION MARKETS, AMATEUR SPORTS MARKETS AND TOUR AND TRAVEL MARKETS TO ATTRACT GROUPS, MEETINGS AND EVENTS TO THE CITY.


COMMUNITY DEVELOPMENT; SPORTS DEVELOPMENT; GOVERNMENT RELATIONS; TRAINING


DESTINATION MARKETING & MEMBER SERVICES - PROMOTE MEMPHIS AS A TOURIST DESTINATION BY GENERATING MEDIA COVERAGE, ADVERTISING MEMPHIS WORLDWIDE AND PRODUCING MAP AND TOURIST GUIDES.


VISITOR INFORMATION CENTERS - PROVIDE HOSPITABLE FACILITIES WITH STAFF THAT OFFERS FRIENDLY SERVICE AND ACCURATE INFORMATION WHICH ENCOURAGES VISITORS TO CONSIDER MEMPHIS A DESIRABLE TRAVEL DESTINATION AND INCREASE THE LENGTH OF STAY IN MEMPHIS AND SHELBY COUNTY.


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Board, Officers & Key Employees

Name (title)Compensation
Sally Pace
Chair
$0
Doug Browne
Vice Chair
$0
Harold Graeter
Secretary
$0
Scott Brockman
Treasurer
$0
Cindy Addison
Board Member
$0
Mark Billingsley
Board Member
$0

Outside Vendors & Contractors

Vendor Name (Service)Compensation
Miles Partnership Lllp
Digital & Print Advertising
$1,918,233
Memphis Studios Inc
Advertising
$166,750
Metropolitan Memphis Hotel & Lodging Ass
Education
$185,350
Wgc Fedex St Jude Invitational
Advertising
$221,571
Doug Carpenter & Associates
Advertising
$161,750
View All Vendors

Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$2,395
Fundraising events$0
Related organizations$0
Government grants $17,767,038
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$17,769,433
Total Program Service Revenue$0
Investment income $379,862
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 $8,048
Miscellaneous Revenue$0
Total Revenue $18,472,607

Peer Organizations

Organization NameAssets
Southern Mississippi Planning And Development District Inc
Gulfport, MS
$34,417,646
Riverfront Development Corporation
Memphis, TN
$7,696,270
Atlanta Convention & Vistors Bureau Inc
Atlanta, GA
$26,232,942
South Alabama Regional Planning Commission
Mobile, AL
$22,990,512
Mississippi County Arkansas Economic Opportunity Commission In
Blytheville, AR
$20,275,154
Memphis Convention And Visitors Bureau
Memphis, TN
$18,472,607
Access To Capital For Entrepreneurs Inc
Cleveland, GA
$26,987,407
Purchase Area Development District Inc
Mayfield, KY
$14,269,202
Tennessee Technology Development Corporation
Nashville, TN
$13,419,783
Convention & Visitors Bureau Of Greater Kansas City
Kansas City, MO
$16,167,832
Richmond Metropolitan Convention & Vistors Bureau
Richmond, VA
$18,502,068
Chattanooga Area Convention And Visitors Bureau Inc
Chattanooga, TN
$12,349,629
Wayne County Development Allianceinc
Goldsboro, NC
$10,960,205
Nash-Edgecombe Wilson Community Action Inc
Rocky Mount, NC
$10,587,622
The Center For Kentucky Rural Economic Development Inc
Somerset, KY
$8,257,213
St Louis Economic Development Partnership
Saint Louis, MO
$7,649,513
Southeast Ark Economic Development Dist Inc
Pine Bluff, AR
$8,494,217
Explore Branson Tourism
Branson, MO
$7,396,641
East Central Planning & Development District Inc<410 Decatur St
Newton, MS
$8,249,381
Knoxville Convention & Visitors Bureau Inc
Knoxville, TN
$10,096,746
Economic Development Corporation Of Kansas City Missouri
Kansas City, MO
$6,752,938
Kentucky Highlands Investment Corporation
London, KY
$8,002,017
Center For Regional Economic Competitiveness
Arlington, VA
$5,182,427
Mdc Inc
Durham, NC
$15,380,803
Northwest Arkansas Economic Development District Inc
Harrison, AR
$6,403,027

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