Boulder Convention And Visitors Bureau
- Assets
- $698.2k
- Revenue
- $1.4m
- Investments
- $0.0
- Employees
- 26
- Location
- Boulder, CO
- Founding
- 09/2017
- Data as of
- 12/2021
- EIN
- 82-0722486
Organization Overview
Boulder Convention And Visitors Bureau is located in Boulder, CO. 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. As of 12/2021, Boulder Convention And Visitors Bureau employed 26 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Boulder Convention And Visitors Bureau 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 12/2021, Boulder Convention And Visitors Bureau generated $1.4m 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 (9.9%) each year. All expenses for the organization totaled $1.8m during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (5.1%) per year over the past 4 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
THE ORGANIZATION'S MISSION IS TO PROVIDE LEADERSHIP PROMOTING BOULDER'S NATURAL ENVIRONMENT, ARTS, CULTURE, INNOVATION AND THE VISITOR EXPERIENCE TO SUPPORT ECONOMIC VITALITY AND QUALITY OF LIFE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
VISITOR SERVICES
MARKETING & COMMUNICATIONS
MEETINGS MARKET
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Dan Dykstra Board Chairman | OfficerTrustee | 0 | $0 |
Tom Mcgann Past Chair | Trustee | 0 | $0 |
Sam Bass Member | Trustee | 0 | $0 |
Sara Martinelli Member | Trustee | 0 | $0 |
Renee Mcdermid Past Chair | Trustee | 0 | $0 |
Kathy Beek Member | Trustee | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $1,358,891 |
| 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 | $1,358,891 |
| 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 | $1,358,891 |
| 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 | $622,122 |
| Pension plan accruals and contributions | $5,810 |
| Other employee benefits | $73,677 |
| Payroll taxes | $47,845 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $6,455 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $542,600 |
| Office expenses | $10,353 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $92,164 |
| Travel | $11,714 |
| 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 | $9,630 |
| Insurance | $12,030 |
| All other expenses | $98,146 |
| Total functional expenses | $1,788,186 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $449,675 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $202,381 |
| 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 | $32,510 |
| Net Land, buildings, and equipment | $8,112 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $5,500 |
| Total assets | $698,178 |
| Accounts payable and accrued expenses | $79,731 |
| 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 | $32,597 |
| Total liabilities | $112,328 |
| Net assets without donor restrictions | $585,850 |
| 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 | $698,178 |
Grants Awarded
Over the last fiscal year, Boulder Convention And Visitors Bureau has awarded $303,004 in support to 12 organizations.
| Grant Recipient | Amount |
|---|---|
WORLD TRIATHLON CORPORATION PURPOSE: BOULDER IRON MAN SPONSORSHIP | $95,000 |
MUSEUM OF BOULDER PURPOSE: SPONSORHIP OF THE BOULDER MUSEUM | $37,000 |
CITY OF BOULDER PURPOSE: CHAUTAUQUA ACCESS MGMT PROGRAM | $35,000 |
HAUTE ROUTE LLC PURPOSE: 2018 HAUTE ROUTE SPONSORSHIP | $30,000 |
WESTERN ENTERPRISES INC PURPOSE: FIREWORKS DISPLAY | $25,340 |
BOULDER VALLEY GIRLS SOFTBALL PURPOSE: SOFTBALL EVENT SPONSORSHIP | $20,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Mountain States Employers Council Inc Denver, CO | $41,916,661 | $36,504,782 |
Vail Valley Foundation Inc Avon, CO | $22,993,237 | $18,789,291 |
Scrum Alliance Inc Westminster, CO | $46,979,666 | $21,000,085 |
Investment Management Consultants Assn Inc Greenwood Village, CO | $30,192,603 | $13,414,601 |
National Council For Prescription Drug Programs Inc Scottsdale, AZ | $21,339,680 | $12,526,720 |
International Association Of Certified Home Inspectors Boulder, CO | $7,671,295 | $15,005,233 |
International Association For The Study Of Lung Cancer Denver, CO | $23,299,078 | $13,685,313 |
Scottsdale Convention And Vistors Bureau Inc Scottsdale, AZ | $8,006,659 | $12,242,411 |
Nutech Ventures Lincoln, NE | $5,844,401 | $7,636,320 |
Financial Planning Association Denver, CO | $6,740,399 | $8,225,248 |
Supima Tempe, AZ | $14,183,773 | $7,283,999 |
The Greater Colorado Springs Chamber And Edc Colorado Springs, CO | $2,246,029 | $6,426,509 |