Arlington Convention & Visitors Bureau Inc
- Assets
- $6.5m
- Revenue
- $9.3m
- Investments
- $0.0
- Employees
- 33
- Location
- Arlington, TX
- Founding
- 09/1992
- Data as of
- 09/2023
- 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 09/2023, Arlington Convention & Visitors Bureau Inc employed 33 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 09/2023, Arlington Convention & Visitors Bureau Inc generated $9.3m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 6.9% each year. All expenses for the organization totaled $8.9m during the year ending 09/2023. While expenses have increased by 6.4% 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.
Since 2016, Arlington Convention & Visitors Bureau Inc has awarded 49 individual grants totaling $3,295,110. 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
2023
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
MEETINGS THE BUREAU WORKS WITH MEETING PLANNERS TO BOOK THEIR MEETINGS AND SMALL CONVENTIONS INTO ARLINGTON HOTELS AND THE LOEWS ARLINGTON HOTEL/ARLINGTON CONVENTION CENTER, WHICH IS SCHEDULED TO OPEN IN FEBRUARY 2024. DURING THE BUREAUS 2022-23 FISCAL YEAR (OCTOBER 1, 2022-SEPTEMBER 30, 2023), ITS MEETINGS SALES TEAM BOOKED 91,774 MEETINGS ROOM NIGHTS INTO THESE FACILITIES, 53% MORE THAN ITS GOAL OF 60,000 MEETINGS ROOM NIGHTS. THESE MEETINGS ROOM NIGHTS WILL ACTUALIZE BETWEEN 2023 AND 2027. BRINGING MEETINGS TO ARLINGTON CREATES JOBS, ATTENDEE EXPENDITURES ON LODGING, FOOD AND BEVERAGES, ENTERTAINMENT, TRANSPORTATION AND MORE. EXPENSES INCLUDE TRADE SHOWS, HOSTING MEETING BUYERS WITH BUSINESS FOR ARLINGTON, UNDERWRITING SOME VENUE FEES AND ADVERTISING.
SPORTS THE BUREAUS ARLINGTON SPORTS COMMISSION WORKS WITH THE DALLAS COWBOYS, TEXAS RANGERS AND UNIVERSITY OF TEXAS ARLINGTON TO BOOK MAJOR SPORTS EVENTS INTO THEIR VENUES. THE SPORTS COMMISSION ALSO BOOKS YOUTH AND AMATEUR EVENTS INTO ARLINGTON PARKS & RECREATION FACILITIES, ALONG WITH ESPORTS STADIUM ARLINGTON + EXPO CENTER. IN ALL, THE SPORTS COMMISSION BOOKED 111,482 HOTEL ROOM NIGHTS IN ARLINGTON HOTELS FROM SPORTS EVENTS THAT WERE HELD IN ARLINGTON DURING THE BUREAUS 2022-23 FISCAL YEAR. THE NUMBER OF ROOM NIGHTS BOOKED WAS 48% HIGHER THAN THE GOAL OF 75,000 ROOM NIGHTS. EXPENSES INCLUDE TRADE SHOWS, HOSTING SPORTS EVENT ORGANIZERS WITH BUSINESS FOR ARLINGTON, UNDERWRITING SOME VENUE FEES AND ADVERTISING.
MARKETING AND COMMUNICATIONS THE BUREAUS MARKETING TEAM PLACES DIGITAL, PRINT, CABLE TELEVISION, OUTDOOR AND RADIO ADVERTISING IN TARGETED MARKETS ENCOURAGING POTENTIAL LEISURE TRAVELERS (VACATIONERS) TO VISIT ARLINGTON. THAT ADVERTISING IS AUGMENTED BY SOCIAL MEDIA POSTS AND PUBLICITY EFFORTS GEARED TOWARD GENERATING MEDIA EDITORIAL COVERAGE ABOUT WHAT ARLINGTON OFFERS VISITORS. EXPENSES INCLUDE ADVERTISING PLACEMENT, ADVERTISING STRATEGY AND CREATIVE DEVELOPMENT VIA OUR AD AGENCY (PETER MAYER), BOOSTING SOCIAL MEDIA POSTS, MEDIA HOSTING, AND WEBSITE DEVELOPMENT AND HOSTING. OUR EARNED MEDIA VALUE IN 2022-23 WAS $18.7 MILLION, 56% MORE THAN THE $12 MILLION GOAL. WE GENERATED 1.4 MILLION UNIQUE VISITORS TO OUR ARLINGTON.ORG WEBSITE, WHICH WAS 64% MORE THAN THE 850,000 GOAL.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Brent Deraad President & CEO | Officer | 32 | $340,710 |
Chad Enloe VP Sales | Officer | 32 | $229,141 |
William Wilson Dir-Sports Sale | Officer | 32 | $193,378 |
Joel Mclelland VP Fin. & Adm. | Officer | 24 | $172,701 |
Mary German COO | Officer | 10 | $167,399 |
Decima Cooper Vp-Marketing | Officer | 32 | $155,445 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Peter A Meyer Advertising Agency Advertising | 9/29/23 | $350,000 |
Flag Football World Championship Flag Football | 9/29/23 | $149,244 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $1,448,966 |
| 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 | $1,448,966 |
| Total Program Service Revenue | $7,627,674 |
| Investment income | $70,175 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$22,439 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $9,283,738 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $564,110 |
| 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. | $1,463,095 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,700,470 |
| Pension plan accruals and contributions | $44,599 |
| Other employee benefits | $248,935 |
| Payroll taxes | $209,320 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $1,966 |
| Fees for services: Accounting | $89,227 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $3,653 |
| Advertising and promotion | $828,338 |
| Office expenses | $394,099 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $376,812 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $219,763 |
| Insurance | $14,560 |
| All other expenses | $120,471 |
| Total functional expenses | $8,854,972 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,749,786 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $216,635 |
| 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 | $101,213 |
| Net Land, buildings, and equipment | $4,309,616 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $85,000 |
| Total assets | $6,462,250 |
| Accounts payable and accrued expenses | $565,417 |
| Grants payable | $0 |
| Deferred revenue | $73,825 |
| 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 | $639,242 |
| Net assets without donor restrictions | $5,823,008 |
| 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 | $6,462,250 |
Grants Awarded
Over the last fiscal year, Arlington Convention & Visitors Bureau Inc has awarded $564,110 in support to 5 organizations.
| Grant Recipient | Amount |
|---|---|
ARLINGTON MUSEUM OF ART PURPOSE: MARKETING GRANT | $90,000 |
ARLINGTON MUSIC HALL PURPOSE: MARKETING GRANT | $110,000 |
FRIENDS OF THE LEVITT PAVILIO PURPOSE: MARKETING GRANT | $224,110 |
ARLINGTON SYMPHONY ORCHESTRA PURPOSE: MARKETING GRANT | $50,000 |
THEATRE ARLINGTON PURPOSE: MARKETING GRANT | $90,000 |