Dallas Convention & Visitors Bureau, operating under the name Visitdallas, is located in Dallas, TX. The organization was established in 1994. 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, Visitdallas employed 97 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Visitdallas 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, Visitdallas generated $23.5m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 6 years, the organization has seen revenues fall by an average of (6.9%) each year. All expenses for the organization totaled $23.3m during the year ending 09/2021. As we would expect to see with falling revenues, expenses have declined by (4.8%) per year over the past 6 years. 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO FAVORABLY IMPACT THE DALLAS ECONOMY THROUGH TRAVEL AND TOURISM.
Describe the Organization's Program Activity:
Part 3 - Line 4a
CITY SALES AND MARKETING: DESPITE THE PANDEMIC EFFECTS OF COVID-19, DCVB BOOKED 1.26 MILLION ROOM NIGHTS IN FY21 FOR A FUTURE ECONOMIC IMPACT OF $1.22 BILLION. PROMOTIONAL EFFORTS TO ATTRACT VISITORS TO THE CITY OF DALLAS WERE LASER-FOCUSED TO SECURE 665 EVENTS INCLUDING 13 LARGE CITYWIDE CONVENTIONS. A NEW ADVERTISING AGENCY OF RECORD WAS SELECTED AND ONBOARDED TO DELIVER A FULL-SCALE CONSUMER CAMPAIGN FOR THE CITY OF DALLAS - "FIND YOUR ALL" - WITH NEW CREATIVE ASSETS DEVELOPED AND LAUNCHED ACROSS MULTIPLE PLATFORMS INCLUDING BROADCAST, DIGITAL, PRINT, BILLBOARD, AND SOCIAL MEDIA. REGIONAL DRIVE MARKETS BECAME A KEY PRIORITY AS LEISURE SPENDING LED THE INDUSTRY'S RECOVERY IN FY21. DALLAS HOTELS EXPERIENCED A SIGNIFICANT SPIKE IN WEEKEND LEISURE VOLUME AS EVIDENCED BY 2021 LABOR DAY TRAVEL THAT EXCEEDED 2020 AND 2019 BY 56% AND 13%, RESPECTIVELY. THE TEXAS-OU FOOTBALL GAME WEEKEND, WHICH IS TRADITIONALLY A SELL-OUT WEEKEND, SUSTAINED TRAVEL LEVELS THAT WERE 102% HIGHER THAN 2020 AND 15% HIGHER THAN 2019. REVENUE DURING THE 2021 TEXAS-OU GAME WEEKEND DELIVERED THE CITY'S HIGHEST PERFORMING DAYS SINCE THE 2011 SUPER BOWL.
EVENT PROCUREMENT AND HOSPITALITY: VISITORS GENERATED $3.11 BILLION IN DIRECT SPENDING AND SUPPORTED 39,598 JOBS WITH A TOTAL ECONOMIC IMPACT OF $5 BILLION IN FY21. DALLAS EMERGED FROM THE PANDEMIC HOSTING VARIOUS EVENTS THAT INCLUDED ITS FIRST IN-PERSON CITYWIDE CONVENTION FOR THE ASIAN AMERICAN HOTEL OWNERS ASSOCIATION AND NUMEROUS HIGH-PROFILE SPORTING EVENTS WITH BROADCASTS ON MAJOR NETWORKS SUCH AS CBS, FOX SPORTS, AND STREAMING INTERNATIONAL PLATFORMS. PROFESSIONAL VOLLEYBALL MADE US HISTORY AS ATHLETES UNLIMITED CHOSE DALLAS FAIR PARK COLISEUM TO HOST ITS INAUGURAL SEASON. THE DALLAS SPORTS COMMISSION ALSO SECURED THE 2021 CONCACAF GOLD CUP GROUP STAGE A MATCHES FEATURING MEXICO AND EL SALVADOR AT AT&T STADIUM, COTTON BOWL STADIUM AND TOYOTA STADIUM IN ADDITION TO QUARTERFINALS AT AT&T STADIUM. DURING THE EARLY DAYS OF THE PANDEMIC, DALLAS LED THE NATION AS THE FIRST DESTINATION TO RECEIVE GLOBAL BIORISK ADVISORY COUNCIL (GBAC) STAR ACCREDITATION. BY THE CLOSE OF FY21, 33 HOTELS EARNED ACCREDITATION ALONG WITH THE KBH CONVENTION CENTER, DFW INTERNATIONAL AIRPORT, DALLAS LOVE FIELD, AT&T STADIUM, AND AMERICAN AIRLINES CENTER.
DTPID PROGRAM MANAGEMENT: DELIVERING THE PROGRAMS AND IMPROVEMENTS OF THE DALLAS TOURISM PUBLIC IMPROVEMENT DISTRICT'S ANNUAL SERVICE PLAN LEVERAGED A TRANSFORMATIVE IMPACT THROUGHOUT THE CITY OF DALLAS. MEDIA PLACEMENTS CREATED BY DCVB MEASURED 108,120,640 IMPRESSIONS IN FY21. TWENTY-FIVE DTPID-SPONSORED CONFERENCES AND TRADESHOWS WERE EXECUTED BY DCVB TO AMPLIFY DALLAS BRAND RECOGNITION. THESE EVENTS PRODUCED VITAL ONE-ON-ONE APPOINTMENTS WITH ACCESS TO IMPORTANT DECISION-MAKERS WHO DETERMINE PLACEMENT OF FUTURE EVENTS AND MEETINGS. OVER 100 SITE VISITS AND FAMILIARIZATION TOURS WERE CONDUCTED IN FY21, AS DCVB BROUGHT TOUR OPERATORS, TRAVEL AGENTS, JOURNALISTS, AND EVENT PLANNERS TO DALLAS TO EXPERIENCE THE CITY FIRST-HAND. DTPID-FUNDED INCENTIVES ALLOWED DCVB TO SECURE FUTURE CITYWIDE EVENTS WITH A COMBINED ECONOMIC IMPACT OF OVER $338 MILLION FOR THE CITY OF DALLAS. DTPID'S INCENTIVE PROGRAM FOR LOCAL ARTS, SPECIAL EVENTS, TOUR OPERATORS, FILM, AND HOTELS PROVIDED MORE THAN $1.4 MILLION IN MARKETING INITIATIVES AND INCENTIVES FOR SMALL GROUPS CONSIDERING DALLAS AMONG OTHER DESTINATIONS. DCVB MEASURES EACH EVENT'S PERFORMANCE TO ENSURE A 10-TO-1 RETURN ON INVESTMENT.
Name (title) | Role | Hours | Compensation |
---|---|---|---|
Craig Davis CEO | Officer | 55 | $391,843 |
Donald Kent Chief Sales Officer | Officer | 50 | $297,928 |
Frank Librio Chief Marketing Officer | Officer | 50 | $264,200 |
Phillip Jones Former CEO | 0 | $225,000 | |
Mark Thompson Sr VP Of Tourism | 50 | $182,383 | |
Monica Paul Executive Director Of Dsc | Officer | 50 | $177,883 |
Vendor Name (Service) | Service Year | Compensation |
---|---|---|
Tracy Locke Marketing | 9/29/21 | $2,262,522 |
Hotel Association Of North Texas Marketing & Administration | 9/29/21 | $292,776 |
Texas Hotel & Lodging Association Marketing & Administration | 9/29/21 | $277,477 |
Mmgy Njf Public Relations | 9/29/21 | $184,818 |
Slingshot Llc Marketing | 9/29/21 | $138,842 |
Statement of Revenue | |
---|---|
Federated campaigns | $0 |
Membership dues | $0 |
Fundraising events | $0 |
Related organizations | $0 |
Government grants | $5,264,194 |
All other contributions, gifts, grants, and similar amounts not included above | $772,745 |
Noncash contributions included in lines 1a–1f | $0 |
Total Revenue from Contributions, Gifts, Grants & Similar | $6,036,939 |
Total Program Service Revenue | $17,087,068 |
Investment income | $31,704 |
Tax Exempt Bond Proceeds | $0 |
Royalties | $0 |
Net Rental Income | $0 |
Net Gain/Loss on Asset Sales | $13,937 |
Net Income from Fundraising Events | $0 |
Net Income from Gaming Activities | $0 |
Net Income from Sales of Inventory | $0 |
Miscellaneous Revenue | $0 |
Total Revenue | $23,486,746 |
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. | $1,272,462 |
Compensation of current officers, directors, key employees. | $0 |
Compensation to disqualified persons | $0 |
Other salaries and wages | $4,481,608 |
Pension plan accruals and contributions | $84,134 |
Other employee benefits | $1,610,252 |
Payroll taxes | $452,214 |
Fees for services: Management | $0 |
Fees for services: Legal | $17,761 |
Fees for services: Accounting | $84,000 |
Fees for services: Lobbying | $0 |
Fees for services: Fundraising | $0 |
Fees for services: Investment Management | $0 |
Fees for services: Other | $656,657 |
Advertising and promotion | $2,967,324 |
Office expenses | $244,210 |
Information technology | $534,995 |
Royalties | $0 |
Occupancy | $644,619 |
Travel | $449,234 |
Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
Conferences, conventions, and meetings | $7,768,095 |
Interest | $10,619 |
Payments to affiliates | $0 |
Depreciation, depletion, and amortization | $60,795 |
Insurance | $63,358 |
All other expenses | $143,239 |
Total functional expenses | $23,303,509 |
Balance Sheet | |
---|---|
Cash—non-interest-bearing | $3,596,593 |
Savings and temporary cash investments | $0 |
Pledges and grants receivable | $0 |
Accounts receivable, net | $9,718,635 |
Loans from Officers, Directors, or Controlling Persons | $0 |
Loans from Disqualified Persons | $0 |
Notes and loans receivable | $754,880 |
Inventories for sale or use | $0 |
Prepaid expenses and deferred charges | $1,107,489 |
Net Land, buildings, and equipment | $17,199 |
Investments—publicly traded securities | $909,793 |
Investments—other securities | $0 |
Investments—program-related | $0 |
Intangible assets | $0 |
Other assets | $51,466 |
Total assets | $16,156,055 |
Accounts payable and accrued expenses | $4,208,415 |
Grants payable | $0 |
Deferred revenue | $2,569,830 |
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 | $1,715,000 |
Total liabilities | $8,493,245 |
Net assets without donor restrictions | $7,662,810 |
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 | $16,156,055 |
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 |