High Point Convention & Visitors Bureau Foundation Inc
- Assets
- $501.9k
- Revenue
- $83.3k
- Investments
- $0.0
- Employees
- 0
- Location
- High Point, NC
- Founding
- 01/2017
- Data as of
- 06/2023
- EIN
- 81-3989556
Organization Overview
High Point Convention & Visitors Bureau Foundation Inc is located in High Point, NC. The organization was established in 2017. According to its NTEE Classification (S05) the organization is classified as: Research Institutes & Public Policy Analysis, 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. High Point Convention & Visitors Bureau Foundation Inc is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 06/2023, High Point Convention & Visitors Bureau Foundation Inc generated $83.3k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 4 years, the organization has seen revenues fall by an average of (37.6%) each year. All expenses for the organization totaled $11.0k during the year ending 06/2023. As we would expect to see with falling revenues, expenses have declined by (38.4%) per year over the past 4 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2021, High Point Convention & Visitors Bureau Foundation Inc has awarded 11 individual grants totaling $185,480. 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
1. TO ENHANCE EDUCATIONAL, ARTISTIC, SCIENTIFIC, AND HISTORICAL ACTIVITIES AS IT RELATES TO TOURISM IN HIGH POINT, NORTH CAROLINA, INCLUDING BUT NOT LIMITED TO FURNITURE, TEXTILES AND DESIGN.2. TO EXPLORE GROWTH OPPORTUNITIES IN HIGH POINT, NORTH CAROLINA THAT WILL ENHANCE THE TOURISM CLIMATE OF THE REGION AND STATE.3. TO FUND EDUCATIONAL, ARTISTIC, SCIENTIFIC, AND HISTORICAL VENTURES THAT SHOWCASE HIGH POINT, NORTH CAROLINA AS A PREMIER DESTINATION TO VISIT, STAY AND LIVE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
TO FUND EDUCATIONAL, ARTISTIC, SCIENTIFIC AND HISTORICAL ACTIVITIES AS IT RELATES TO TOURISM IN HIGH POINT, NORTH CAROLINA, INCLUDING BUT NOT LIMITED TO FURNITURE, TEXTILES AND DESIGN.
TO EXPLORE GROWTH OPPORTUNITIES IN HIGH POINT, NORTH CAROLINA THAT WILL ENHANCE THE TOURISM CLIMATE OF THE REGION AND STATE.
TO FUND RESEARCH FOR POTENTIAL TOURISM ENHANCEMENT PROJECTS IN HIGH POINT, NORTH CAROLINA AS IT RELATES TO BRINGING YEAR ROUND VISITATION TO HIGH POINT.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Julie Delgaudio Chairman | Trustee | 1 | $0 |
Jenni Lynch Director | Trustee | 1 | $0 |
Cliff Mann Director | Trustee | 1 | $0 |
George Clopton Director | Trustee | 1 | $0 |
Karen Odom Director | Trustee | 1 | $0 |
Melody Burnett Managing Direct | Officer | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $50,000 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $32,566 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $82,566 |
| Total Program Service Revenue | $0 |
| Investment income | $763 |
| 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 | $83,329 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $1,500 |
| 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 | $0 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| 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 | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $11,049 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $104,942 |
| Savings and temporary cash investments | $396,978 |
| 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 | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $501,920 |
| 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 | $501,920 |
| 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 | $501,920 |
Grants Awarded
Over the last fiscal year, High Point Convention & Visitors Bureau Foundation Inc has awarded $185,480 in support to 11 organizations.
| Grant Recipient | Amount |
|---|---|
FRIENDS OF JOHN COLTRANE PURPOSE: 10TH ANNUAL JAZZ FES | $20,000 |
HIGH POINT-THOMASVILLE HITOMSBASEBALL CLUB PURPOSE: FINCH FIELD CNTR | $25,000 |
CITY OF HIGH POINT MUSEUM PURPOSE: COLTRANE EXHIBIT | $18,250 |
HIGH POINT DOWNTOWN STADIUMFOUNDATION/ HIGH POINT BASEBALL INC PURPOSE: TRUIST FIELD EQUIP | $9,880 |
THE AMERICAN HOME FURNISHINGSHALL OF FAME FOUNDATION INC PURPOSE: TELL US YOUR STORY | $25,000 |
THE MIND GROUP INC PURPOSE: HOME GROWN PODCAST | $7,500 |