Kerrville Convention & Visitors Bureau
- Assets
- $260.0k
- Revenue
- $1.2m
- Investments
- $0.0
- Employees
- 7
- Location
- Kerrville, TX
- Founding
- 10/1993
- Data as of
- 09/2023
- EIN
- 74-2659655
Organization Overview
Kerrville Convention & Visitors Bureau is located in Kerrville, TX. The organization was established in 1993. 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, Kerrville Convention & Visitors Bureau employed 7 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Kerrville Convention & 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, Kerrville Convention & Visitors Bureau generated $1.2m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 3.7% each year. All expenses for the organization totaled $1.2m during the year ending 09/2023. While expenses have increased by 2.9% per year over the past 8 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
ATTRACT VISITORS TO KERRVILLE,TX THROUGH ADVERTISING,MARKETING REPORTS AND SHOWS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
KCVB PROVIDES SERVICES TO BRING TOURISM AND CONVENTIONS TO THE CITY OF KERRVILLE. KCVB PROMOTES THE CITY BY USE OF ADVERTISING AND PROMOTIONS THROUGH VARIOUS MEDIA PLATFORMS. KCVB ALSO PROVIDES ASSISTANCE WITH CONNECTING INTERESTED PARTIES TO AVAILABLE RESOURCES IN THE CITY. KCVB SUPPORTS AND PROMOTES EVENTS IN THE AREA TO BRING ATTENTION TO OPPORTUNITIES FOR VISITORS TO THE CITY OF KERRVILLE, WHETHER TOURISTS OR CONVENTION ATTENDEES.
KCVB ESTABLISHED A SEPARATE FUND IN 2015 TO PROMOTE KERRVILLE-SCHREINER PARK AND THE SCOTT SCHREINER GOLF COURSE. THESE PROMOTIONAL EXPENDITURES WILL ALSO BE FUNDED BY "HOTEL OCCUPANCY TAXES".ALSO FROM TIME TO TIME, KCVB PERFORMS VARIOUS OTHER SPECIAL EVENT ACTIVITIES SUCH AS SOUVENIR SALES AND MISCELLANEOUS ACTIVITIES. MONIES FROM THESE ACTIVITIES ARE MAINTAINED IN THE "SPECIAL ACCOUNT AND ARE CONSIDERED UNASSIGNED FUNDS.
KCVB RUNS A VISITOR CENTER THAT IS OPEN SEVEN DAYS A WEEK TO PROVIDE VISITORS WITH INFORMATION ON THE AREA'S ATTRACTIONS, LODGINGS, MAPS AND OTHER ITEMS RELEVANT TO TOURISM.
KCVB WAS DELEGATED CONTROL OF THE ART COMMITTEE FUNDS IN 2013 WHICH IS ALSO FUNDED FROM "HOTEL OCCUPANCY TAXES". THESE FUNDS ARE USED TO PROMOTE "ART ACTIVITIES" IN THE KERRVILLE AREA.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Lisa Winters Board Member | OfficerTrustee | 2 | $0 |
Jan Lynch Board Member | OfficerTrustee | 2 | $0 |
Karol Schreiner Treasurer | Trustee | 2 | $0 |
Jake Williamson Vice Chair | Trustee | 1 | $0 |
John Helm Board Member | Trustee | 1 | $0 |
Laura Russell Board Member | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $1,075,000 |
| All other contributions, gifts, grants, and similar amounts not included above | $135,000 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,210,000 |
| Total Program Service Revenue | $0 |
| Investment income | $4,023 |
| 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 | $1,234,389 |
| 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. | $141,258 |
| Compensation of current officers, directors, key employees. | $141,258 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $258,352 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $9,000 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $377,781 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $25,200 |
| Travel | $0 |
| 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 | $10,185 |
| Insurance | $3,222 |
| All other expenses | $85,737 |
| Total functional expenses | $1,159,625 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $59,318 |
| Savings and temporary cash investments | $100,386 |
| 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 | $98,764 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $1,500 |
| Total assets | $259,968 |
| Accounts payable and accrued expenses | $0 |
| 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 | $0 |
| Net assets without donor restrictions | $224,548 |
| Net assets with donor restrictions | $35,420 |
| 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 | $259,968 |