Arlington Convention & Visitors Bureau Inc
- Assets
- $3.5m
- Revenue
- $16.7m
- Investments
- $0.0
- Employees
- 29
- Location
- Arlington, TX
- Founding
- 09/1992
- Data as of
- 09/2021
- EIN
- 75-2442465
Organization Overview
Arlington Convention & Visitors Bureau Inc is located in Arlington, TX. The organization was established in 1992. According to its NTEE Classification (S01) the organization is classified as: Alliances & Advocacy, under the broad grouping of Community Improvement & Capacity Building and related organizations. As of 09/2021, Arlington Convention & Visitors Bureau Inc employed 29 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Arlington Convention & Visitors Bureau Inc 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, Arlington Convention & Visitors Bureau Inc generated $16.7m in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 20.5% each year . All expenses for the organization totaled $15.9m during the year ending 09/2021. While expenses have increased by 19.7% per year over the past 6 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 2016, Arlington Convention & Visitors Bureau Inc has awarded 39 individual grants totaling $2,587,000. 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
THE ARLINGTON CONVENTION & VISITORS BUREAU MARKETS AND DEVELOPS THE CITY AS A PREMIER SPORTS, BUSINESS AND LEISURE ENTERTAINMENT DESTINATION TO ACHIEVE NEW TOURISM SPENDING BENEFITS FOR THE VISITOR INDUSTRY, COMMUNITY AND ITS RESIDENTS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
CONVENTIONS SALES THE BUREAU SOLICITS SMALL & MEDIUM SIZE CONVENTIONS TO HAVE THEIR CONVENTION MEETINGS AT THE ARLINGTON, TEXAS CONVENTION CENTER. THE CENTER IS OWNED BY THE CITY OF ARLINGTON AND THEREFORE CONVENTIONS HELD AT THE CENTER WILL GENREATE REVENUE FOR THE CITY OF ARLINGTON. ADDITIONALLY, THESE CONVENTIONS GENERATE SALES TAX AND HOTEL OCCUPANCY TAX REVENUE FOR THE CITY. THE BUREAUS GOAL IS 97,000 HOTEL ROOM NIGHTS-ACVB TOTAL WAS 138,017 OR 142%. THE BUREAU BOOKED 18 CONVENTIONS TO COME TO THE CENTER AT A LATER DATE.
TOURISM & TRAVEL THE BUREAU SOLICITS INDIVIDUALS AND GROUPS TO TRAVEL TO ARLINGTON, TEXAS CONVENTION CENTER AND SPEND MONEY BY EXPERIENCING THE ENTERTAINMENT OPPORTUNITIES HERE IN ORDER TO GENERATE SALES TAX AND HOTEL OCCUPANCY TAX REVENUE FOR THE CITY OF ARLINGTON. THE BUREAU SOLICITS THE INDIVIDUALS AND GROUPS THROUGH A VARIETY OF WAYS ADVERTISING IN VARIOUS MEDIUMS AND THROUGH A VISITORS INFORMATION CENTER IN THE BUREAUS BUILDING. THE TOURISM GOAL WAS INCLUDED IN THE CONVENTIONS SALES TEAM GOALS ABOVE STARTING IN 2019 AND CONTINUING FORWARD.
MARKETING & PUBLIC RELATIONS THE BUREAU IS CHARGED WITH MARKETING THE CITY OF ARLINGTON, TEXAS. THE BUREAU MARKETS THE CITY IN MANY WAYS ADVERTISING IN PRINTED PUBLICATIONS, ON THE WEBSITE AND SOCIAL MEDIA, VIA RADIO AND TELEVISION PROGRAMING AND THROUGH THE VISITORS INFORMATION CENTER. THIS PROGRAM BOTH SOLICITS VISITORS AND INFORMS ALL INDIVIDUALS NEEDING INFORMATION-TOURIST AND CONVENTION/MEETINGS ATTENDEES. THE BUREAUS GOAL IS $9,500,000 MEDIA VALUE AND 550,000 UNIQUE WEBSITE VISITORS. ACVB ATTAINED $41,658,867 IN MEDIA VALUE AND 648,347 UNIQUE WEBSITE VISITORS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Ron Price-Thru 62021 President & CEO | OfficerTrustee | 32 | $292,818 |
Chad Enloe VP Sales | Officer | 32 | $161,591 |
Mary German COO | Officer | 10 | $120,467 |
William Wilson Dir-Sports Sale | Officer | 32 | $118,296 |
Joel Mclelland VP Fin. & Adm. | Officer | 24 | $116,799 |
Decima Cooper Vp-Marketing | Officer | 32 | $97,913 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Peter A Meyer Advertising Agency Advertising | 9/29/21 | $307,593 |
Rangers Baseball Express Llc Sports Event | 9/29/21 | $8,583,630 |
Rfd-tv Events Llc Rodeo Event | 9/29/21 | $243,142 |
Manhatten Construction Company Construction | 9/29/21 | $542,002 |
Sbl Architecture Architecture | 9/29/21 | $240,310 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $5,514,505 |
| 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 | $5,514,505 |
| Total Program Service Revenue | $11,137,646 |
| Investment income | $3,985 |
| 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 | $16,656,136 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $250,000 |
| 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. | $1,516,560 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,562,151 |
| Pension plan accruals and contributions | $162,292 |
| Other employee benefits | $171,600 |
| Payroll taxes | $206,197 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $3,782 |
| Fees for services: Accounting | $31,436 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $2,580 |
| Advertising and promotion | $655,423 |
| Office expenses | $206,850 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $107,590 |
| Travel | $3,834 |
| 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 | $48,050 |
| Insurance | $16,573 |
| All other expenses | $84,356 |
| Total functional expenses | $15,896,531 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,954,984 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $404,710 |
| 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 | $9,502 |
| Net Land, buildings, and equipment | $79,633 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $1,070,236 |
| Total assets | $3,519,065 |
| Accounts payable and accrued expenses | $687,814 |
| Grants payable | $0 |
| Deferred revenue | $8,513 |
| 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 | $612,640 |
| Other liabilities | $0 |
| Total liabilities | $1,308,967 |
| Net assets without donor restrictions | $2,210,098 |
| 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 | $3,519,065 |
Grants Awarded
Over the last fiscal year, Arlington Convention & Visitors Bureau Inc has awarded $250,000 in support to 4 organizations.
| Grant Recipient | Amount |
|---|---|
Arlington, TX PURPOSE: MARKETING GRANT | $80,000 |
ARLINGTON MUSEUM OF ART INC PURPOSE: MARKETING GRANT | $65,000 |
Arlington, TX PURPOSE: MARKETING GRANT | $65,000 |
Arlington, TX PURPOSE: MARKETING GRANT | $40,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Dallas Convention & Visitors Bureau Dallas, TX | $16,156,055 | $23,486,746 |
Houston Association Of Realtors Houston, TX | $18,624,507 | $23,447,617 |
Texas Association Of Realtors Austin, TX | $94,503,864 | $29,443,210 |
Arlington Convention & Visitors Bureau Inc Arlington, TX | $3,519,065 | $16,656,136 |
Promotional Products Association International Irving, TX | $24,269,680 | $12,861,271 |
Greater Oklahoma City Chamber Of Commerce Oklahoma City, OK | $12,639,674 | $12,068,118 |
Chamber Of Commerce Metropolitan Tulsa Tulsa, OK | $9,253,345 | $10,228,951 |
Fort Worth Convention And Visitors Bureau Fort Worth, TX | $6,320,777 | $12,812,000 |
Austin Convention And Visitors Bureau Inc Austin, TX | $8,364,471 | $6,830,186 |
Texas Municipal League Austin, TX | $8,928,481 | $7,134,656 |
Greater Austin Chamber Of Commerce Austin, TX | $7,488,664 | $6,719,729 |
San Antonio Economic Development Foundation San Antonio, TX | $4,503,315 | $6,901,379 |