Destination Colorado Meetings A Nonprofit Corporation
- Assets
- $476.1k
- Revenue
- $307.0k
- Investments
- $0.0
- Employees
- 0
- Location
- Wolcott, CO
- Founding
- 11/1997
- Data as of
- 12/2021
- EIN
- 84-1340835
Organization Overview
Destination Colorado Meetings A Nonprofit Corporation is located in Wolcott, CO. The organization was established in 1997. 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. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Destination Colorado Meetings A Nonprofit Corporation 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, Destination Colorado Meetings A Nonprofit Corporation generated $307.0k in total revenue. The organization has seen a slow decline revenue. Over the past 7 years, revenues have fallen by an average of (1.3%) each year. All expenses for the organization totaled $321.0k during the year ending 12/2021. 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
A MEMBER BASED STATE ASSOCIATION OF OVER 100 COMPANIES TARGETING MEETING PLANNERS & INCENTIVE BUYERS. MEMBERS INCLUDE BUREAUS, HOTELS, RESORTS, DESTINATION MANAGEMENT COMPANIES, ACTIVITY COMPANIES & OTHER MEETING SERVICES. WE ARE COLORADOS STATEWIDE MEETINGS RESOURCE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
A MEMBER BASED STATE ASSOCIATION OF OVER 100 COMPANIES TARGETING MEETING PLANNERS & INCENTIVE BUYERS. MEMBERS INCLUDE BUREAUS, HOTELS, RESORTS, DESTINATION MANAGEMENT COMPANIES, ACTIVITY COMPANIES & OTHER MEETING SERVICES. WE ARE COLORADOS STATEWIDE MEETINGS RESOURCE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Kelly Layton Executive Director | OfficerTrustee | 30 | $60,000 |
Brady Johnson President | OfficerTrustee | 0 | $0 |
Thad Carlson Treasurer | OfficerTrustee | 0 | $0 |
Meg Palumbo Vice President | OfficerTrustee | 0 | $0 |
Jason Lusk Secretary | OfficerTrustee | 0 | $0 |
Tracy Blair Board Member | Trustee | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $64,568 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| 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 | $64,568 |
| Total Program Service Revenue | $192,648 |
| Investment income | $28 |
| 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 | $307,042 |
| 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 | $60,000 |
| Fees for services: Legal | $401 |
| Fees for services: Accounting | $6,150 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $38,171 |
| Advertising and promotion | $30,970 |
| Office expenses | $601 |
| Information technology | $25,892 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $1,720 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $145,585 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $4,530 |
| All other expenses | $0 |
| Total functional expenses | $321,003 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $242,692 |
| Savings and temporary cash investments | $189,846 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $38,991 |
| 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 | $4,585 |
| Total assets | $476,114 |
| Accounts payable and accrued expenses | $263,474 |
| Grants payable | $0 |
| Deferred revenue | $33,582 |
| 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 | $297,056 |
| Net assets without donor restrictions | $179,058 |
| 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 | $476,114 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Destination Colorado Meetings A Nonprofit Corporation has recieved totaling $15,000.
| Awarding Organization | Amount |
|---|---|
Colorado Enterprise Fund Inc Denver, CO PURPOSE: Business disruption due to COVID-19. | $15,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Denver Metro Convention & Visitors Bureau Denver, CO | $32,418,723 | $29,420,988 |
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 |
Metropolitan Tucson Convention And Visitors Bureau Tucson, AZ | $11,117,181 | $12,905,654 |
Park City Area Chamber Of Commerce Convention & Visitors Buerau Park City, UT | $9,039,229 | $12,386,201 |
Denver Metro Chamber Of Commerce Denver, CO | $24,074,791 | $9,796,835 |
Arizona Association Of Realtors Phoenix, AZ | $41,549,602 | $11,298,614 |
Commercial Real Estate Women Network Lawrence, KS | $20,981,999 | $6,251,461 |
Colorado Lending Source Ltd Denver, CO | $12,386,604 | $5,983,291 |
Salt Lake Area Chamber Of Commerce Salt Lake City, UT | $6,300,814 | $5,364,414 |
Colorado Springs Convention Visitors Bureau Colorado Springs, CO | $5,599,246 | $5,101,017 |
Arizona Chamber Of Commerce Scottsdale, AZ | $2,431,863 | $4,265,420 |