Destination Colorado Meetings A Nonprofit Corporation
- Assets
- $410.9k
- Revenue
- $453.1k
- Investments
- $0.0
- Employees
- 0
- Location
- Wolcott, CO
- Founding
- 11/1997
- Data as of
- 12/2023
- 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 12/2023, Destination Colorado Meetings A Nonprofit Corporation generated $453.1k in total revenue. This represents relatively stable growth, over the past 5 years the organization has increased revenue by an average of 4.6% each year. All expenses for the organization totaled $406.2k during the year ending 12/2023. While expenses have increased by 0.5% per year over the past 5 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
2023
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 COLORADO'S 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 COLORADO'S STATEWIDE MEETINGS RESOURCE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Kelly Layton Executive Dir. | OfficerTrustee | 30 | $105,250 |
Marie Huston Foundation Mgr. | OfficerTrustee | 20 | $47,726 |
Stacy Daeffler Board Member | Trustee | 0 | $0 |
Sara Lawrason Board Member | Trustee | 0 | $0 |
Dave Feller Treasurer | OfficerTrustee | 0 | $0 |
Lauren Lacey Secretary | OfficerTrustee | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $109,499 |
| 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 | $109,499 |
| Total Program Service Revenue | $280,086 |
| Investment income | $732 |
| 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 | $453,117 |
| 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. | $152,976 |
| Compensation of current officers, directors, key employees. | $76,488 |
| 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 | $3,398 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $30,455 |
| Office expenses | $1,702 |
| Information technology | $32,807 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $1,269 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $177,259 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $5,520 |
| All other expenses | $0 |
| Total functional expenses | $406,211 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $105,020 |
| Savings and temporary cash investments | $224,731 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $77,445 |
| 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 | $3,660 |
| 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 | $410,856 |
| Accounts payable and accrued expenses | $59,865 |
| Grants payable | $0 |
| Deferred revenue | $95,795 |
| 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 | $155,660 |
| Net assets without donor restrictions | $255,196 |
| 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 | $410,856 |