Villa Rica Convention & Visitors Bureau Inc
- Assets
- $210.9k
- Revenue
- $202.8k
- Investments
- $0.0
- Employees
- 0
- Location
- Villa Rica, GA
- Founding
- 09/2017
- Data as of
- 12/2022
- EIN
- 81-3210605
Organization Overview
Villa Rica Convention & Visitors Bureau Inc is located in Villa Rica, GA. The organization was established in 2017. According to its NTEE Classification (S41) the organization is classified as: Chambers of Commerce & Business Leagues, under the broad grouping of Community Improvement & Capacity Building and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Villa Rica 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 12/2022, Villa Rica Convention & Visitors Bureau Inc generated $202.8k in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 21.6% each year . All expenses for the organization totaled $204.1k during the year ending 12/2022. While expenses have increased by 18.6% 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.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
VILLA RICA CONVENTION & VISITORS BUREAU WAS CREATED TO FILL A STATUTORY ROLE ASSOCIATED WITH THE COLLECTION OF AN EXCISE TAX ON HOTEL ROOMS IMPOSED BY THE CITY OF VILLA RICA. OCGA 48-13-51 REQUIRES FUNDS COLLECTED THROUGH THE HOTEL TAX BE DISTRIBUTED THROUGH A CONTRACT WITH A STATE OR LOCAL GOVERNMENTAL ENTITY OR A NON-PROFIT CORPORATION.
Describe the Organization's Program Activity:
Part 3 - Line 4a
DEVELOPMENT OF TOURISM TO THE CITY OF VILLA RICA THROUGH THE ENCOURAGEMENT, SOTICITATION, PROMOTION, PROCUREMENT AND SERVICING OF CONFERENCES, SEMINARS, SPECIAL EVENTS AND REGIONAL RECREATIONAL ACTIVITIES. THIS WILL BE ACCOMPLISHED PRIMARILY THROUGH THE CONTRACT WITH THE CITY OF VILLA RICA AND ANY PRIVATELY DONATED FUNDS. THIS WILL ALSO INCLUDE PROMOTING AND FACILITATING COOPERATIVE EFFORTS BETWEEN BUSINESSES AND INDUSTRIES IN VILLA RICA TO SERVICE VISITORS, CONVENTIONS AND OTHER TOURISM ACTIVITIES. THIS ACTIVITY WILL BE THE LARGEST CONSUMPTION OF THE ORGANIZATION'S RESOURCES AND WILI CONSTITUTE APPROXIMATELY 80% OF THE ORGANIZATTON'S TIME AND FURTHER THE EXEMPT PURPOSE BY FULFILLING THE OBLIGATIONS MANDATED BY GEORGIA LAW AND PROMOTING TOURISM GROWTH TO THE CITY OF VILLA RICA.
MANAGEMENT ACTIVITIES, INCLUDING BOOKKEEPING AND BILL PAYMENT, WHICH WILL BE PERFORMED BY THE TREASURER. THESE ACTIVITIES CONSTITUTE THE ONGOING OPERATION OF THE ORGANIZATION WHICH DIRECTLY FURTHERS THE EXEMPT PURPOSE. PERFORMANCE OF THESE DUTIES TAKES ABOUT 5 HOURS PER MONTH, WHICH CONSTITUTES 5% OF THE ORGANIZATION'S TIME.
PROVIDE SERVICES AND DATA TO HELP THE GENERAL PUBLIC AND LOCAL BUSINESSES BETTER UNDERSTAND THE IMPACT AND IMPORTANCE THE CONVENTION AND TOURISM INDUSTRY HAS TO THE LOCAL ECONOMY. THESE ACTIVITIES ARE EXPECTED TO CONSTITUTE APPROXIMATELY 10% OF THE ORGANIZATION'S TIME AND FURTHER THE EXEMPT PURPOSE BY PROMOTING TOURISM GROWTH TO THE CITY OF VILLA RICA.
MANAGEMENT ACTIVITIES INCLUDE BOARD MEETINGS, PLANNING, AND LONG-TERM PLANNING ACTIVITIES AND ARE PERFORMED BY THE BOARD AND THE OFFICERS. MANAGEMENT ACIVITIES ARE ESTIMATED TO CONSTITUTE ABOUT 5% OF THE ORGANIZATION'S TIME AND FURTHER THE EXEMPT PURPOSE BY OPERATING THE ORGANIZATION AND MANAGING IT'S ASSETS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Neville Bhada Director | Trustee | 1 | $0 |
Dan Christner Director | Trustee | 1 | $0 |
Melissa Garrett Secretary | OfficerTrustee | 1 | $0 |
Tracie Ivey Director | Trustee | 1 | $0 |
Pg Patel President | OfficerTrustee | 1 | $0 |
Carl Peabody Treasurer | OfficerTrustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $202,805 |
| 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 | $202,805 |
| Total Program Service Revenue | $0 |
| Investment income | $0 |
| 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 | $202,805 |
| 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 | $0 |
| 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 | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $116,380 |
| Advertising and promotion | $80,320 |
| Office expenses | $1,944 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $2,979 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $433 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $204,086 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $208,918 |
| Savings and temporary cash investments | $0 |
| 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 | $2,000 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $210,918 |
| Accounts payable and accrued expenses | $2,501 |
| 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 | $2,501 |
| Net assets without donor restrictions | $208,417 |
| 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 | $210,918 |