Marshall County Tourism And Sports
- Assets
- $489.7k
- Revenue
- $1.1m
- Investments
- $0.0
- Employees
- 3
- Location
- Guntersville, AL
- Founding
- 07/1985
- Data as of
- 09/2022
- EIN
- 63-0896194
Organization Overview
Marshall County Tourism And Sports is located in Guntersville, AL. The organization was established in 1985. 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 09/2022, Marshall County Tourism And Sports employed 3 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Marshall County Tourism And Sports 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 09/2022, Marshall County Tourism And Sports generated $1.1m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 14.9% each year . All expenses for the organization totaled $1.1m during the year ending 09/2022. While expenses have increased by 15.5% 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.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
TO STIMULATE THE LOCAL ECONOMY BY CREATING AND PROMOTING A UNIQUE LEISURE EXPERIENCE FOR OVERNIGHT GUESTS OF MARSHALL COUNTY, ALABAMA.
Describe the Organization's Program Activity:
Part 3 - Line 4a
ANNUAL FISHING TOURNAMENTS FOR AMATEUR AND PROFESSIONAL COMPETITORS IN PARTNERSHIP WITH COMPANIES SUCH AS FLW, BASSMASTER AND OAKLEY 10,000 PEOPLE ESTIMATED PROMOTES AREA AS FISHING DESTINATION, MARKETS TOURNAMENT AND PARTNERS WITH LOCAL HOTELS TO INCREASE OVERNIGHT STAYS WITHIN THE COUNTY
ANNUAL SPORTING EVENTS IN PARTNERSHIP WITH ALBERTVILLE AND GUNTERSVILLE PARKS AND RECREATION 7,500 PEOPLE ESTIMATED RECRUITS COMPETITIVE SPORTS TOURNAMENTS, MARKETS OVERNIGHT STAY PACKAGES IN CONJUNCTION WITH TOURNAMENT TO INCREASE LODGING TAX REVENUE GENERATED COUNTY-WIDE
PARTNERING WITH CITY AND CHAMBERS WITHIN 5 CITIES OF GRANT, GUNTERSVILLE, ALBERTVILLE, BOAZ, AND ARAB TO PROMOTE ANNUAL FESTIVALS, HOLIDAY EVENTS AND ATTRACTIONS 20,000 PEOPLE ESTIMATED MARKETS AND ADVERTISES EVENTS, FESTIVALS AND ATTRACTIONS, OFFERING DEALS AND PACKAGES TO INCREASE OVERNIGHT STAYS WITHIN THE COUNTY
GUNTERSVILLE LAKE HYDROFEST - ANNUAL BOAT RACE IN PARTNERSHIP WITH H1 UNLIMITED AND OTHER APBA SANCTIONED BOAT RACING ORGANIZATIONS HOSTS WEEKEND OF RACING ON LAKE GUNTERSVILLE, PROMOTING HOTEL/EVENT PACKAGES, TARGETING OUT OF STATE VISITORS TO INCREASE OVERNIGHT STAYS AND INCREASE SALES TAX REVENUE FOR CITIES WITHIN COUNTY
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Michael Jeffreys Board Chair | OfficerTrustee | 1 | $0 |
Judy Miller Secretary/tr | OfficerTrustee | 1 | $0 |
Chris Bentley Board Vice C | OfficerTrustee | 1 | $0 |
James Hutcheson Board Member | Trustee | 1 | $0 |
Darlene Temple Board Member | Trustee | 1 | $0 |
Eric Hayes Board Memebe | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $1,023,103 |
| All other contributions, gifts, grants, and similar amounts not included above | $92,048 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,115,151 |
| Total Program Service Revenue | $0 |
| Investment income | $390 |
| 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 | $1,115,541 |
| 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. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $133,495 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $11,218 |
| Payroll taxes | $10,402 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $1,835 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $77,352 |
| Office expenses | $17,675 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $14,360 |
| Travel | $32,583 |
| 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 | $14,195 |
| Insurance | $5,277 |
| All other expenses | $48,830 |
| Total functional expenses | $1,106,861 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $198,657 |
| Savings and temporary cash investments | $190,477 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| 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 | $0 |
| Net Land, buildings, and equipment | $98,425 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $2,100 |
| Total assets | $489,659 |
| Accounts payable and accrued expenses | $4,099 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| 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 | $4,099 |
| Net assets without donor restrictions | $0 |
| 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 | $485,560 |
| Total liabilities and net assets/fund balances | $489,659 |
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 |
Memphis Convention And Visitors Bureau Memphis, TN | $38,589,779 | $17,172,027 |
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 |
East Central Planning & Development District Inc<410 Decatur St Newton, MS | $22,970,956 | $8,929,943 |
Knoxville Convention & Visitors Bureau Inc Knoxville, TN | $5,768,468 | $5,619,069 |
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 |