Explore Newnan-Coweta Inc
- Assets
- $1.1m
- Revenue
- $1.0m
- Investments
- $0.0
- Employees
- 3
- Location
- Newnan, GA
- Founding
- Data as of
- 12/2023
- EIN
- 85-2712760
Organization Overview
Explore Newnan-Coweta Inc is located in Newnan, GA. 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 12/2023, Explore Newnan-Coweta Inc employed 3 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Explore Newnan-Coweta 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 12/2023, Explore Newnan-Coweta Inc generated $1.0m in total revenue. This represents relatively stable growth, over the past 3 years the organization has increased revenue by an average of 3.2% each year. All expenses for the organization totaled $1.2m during the year ending 12/2023. 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 DMO'S FUNDAMENTAL MISSION IS THE PROMOTION OF VISITOR, BUSINESS AND CONVENTION TRAVEL, WHICH GENERATES OVERNIGHT LODGING FOR A DESTINATION. THEY ARE DIRECTLY RESPONSIBLE FOR TRAVEL AND TOURISM PRODUCT AWARENESS TO VISITORS. THE SOLE FUNDING SOURCE OF THIS EFFORT IS SUPPORTED BY THE HOTEL/MOTEL TAX REVENUE OF THE COMMUNITY. THIS TAKES PLACE YEAR-ROUND THROUGH A VARIETY OF WAYS INCLUDING MARKETING, PUBLIC RELATIONS, CONFERENCES, ASSOCIATION INVOLVEMENT, DIRECT SALES, TRADE SHOWS, COLLATERAL DISTRIBUTION, EVENT PLANNING, ETC.
Describe the Organization's Program Activity:
Part 3 - Line 4a
ACCOMPLISHMENTS INCLUDE PROCURING STRATEGIC VISITOR DATA THROUGH A RESEARCH FIRM, CREATING A MARKETING ACTION PLAN, DESIGNING A BRAND IDENTITY, DEVELOPING VISITOR WEBSITE TO INCREASE OUR DIGITAL FOOTPRINT AND PROFESSIONAL DEVELOPMENT THROUGH CONTINUING EDUCATION.
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Heather Daniel CEO And Pres | Officer | 40 | $130,606 |
Michelle Alexander Board Member | Trustee | 1 | $0 |
Candace Boothby Board Member | Trustee | 1 | $0 |
Keith Brady Board Member | Trustee | 1 | $0 |
Chris Doane Board Member | Trustee | 1 | $0 |
Michael Fouts Board Member | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $1,018,330 |
| 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 | $1,018,330 |
| Total Program Service Revenue | $0 |
| Investment income | $4,232 |
| 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 | $1,022,562 |
| 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 | $211,736 |
| Pension plan accruals and contributions | $4,498 |
| Other employee benefits | $21,350 |
| Payroll taxes | $16,967 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $1,850 |
| Fees for services: Accounting | $6,328 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $418,196 |
| Advertising and promotion | $343,815 |
| Office expenses | $65,424 |
| Information technology | $24,815 |
| Royalties | $0 |
| Occupancy | $48,914 |
| Travel | $46 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $32,479 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $26,492 |
| Insurance | $4,325 |
| All other expenses | $126 |
| Total functional expenses | $1,237,442 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,006,750 |
| 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 | $2,500 |
| Net Land, buildings, and equipment | $74,901 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $12,461 |
| Total assets | $1,096,612 |
| Accounts payable and accrued expenses | $60,088 |
| 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 | $12,461 |
| Total liabilities | $72,549 |
| Net assets without donor restrictions | $1,024,063 |
| 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 | $1,096,612 |