Greater Phoenix Convention & Visitors Bureau
- Assets
- $19.2m
- Revenue
- $16.2m
- Investments
- $0.0
- Employees
- 104
- Location
- Phoenix, AZ
- Founding
- 05/1968
- Data as of
- 06/2021
- EIN
- 86-0224211
Organization Overview
Greater Phoenix Convention & Visitors Bureau is located in Phoenix, AZ. The organization was established in 1968. According to its NTEE Classification (S30) the organization is classified as: Economic Development, under the broad grouping of Community Improvement & Capacity Building and related organizations. As of 06/2021, Greater Phoenix Convention & Visitors Bureau employed 104 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Greater Phoenix Convention & 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 06/2021, Greater Phoenix Convention & Visitors Bureau generated $16.2m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 0.9% each year. All expenses for the organization totaled $12.0m during the year ending 06/2021. 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
TO ENHANCE THE ECONOMY OF PHOENIX THROUGH THE PROMOTION OF TOURISM AND CONVENTION BUSINESS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
MARKETING/COMMUNICATIONS - ADVERTISING CAMPAIGN FOR CONVENTIONS, VISITORS, AND MEMBERS.
CONVENTIONS - INCLUDES CONVENTION SALES, SERVICES, AND HOUSING OF INCOMING CONVENTIONS.
TOURISM AND VISITORS SERVICES AND CONCIERGE CENTER- PROMOTES TOURISM IN THE CITY OF PHOENIX AND PROVIDES VISITOR SERVICES.
COMMUNITY DEVELOPMENT - PROMOTES THE CITY OF PHOENIX.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Steve Moore CEO Thru 3/31/21 | OfficerTrustee | 40 | $527,013 |
Mike Mooney COO And Interim CEO | Officer | 40 | $331,116 |
Lorne Edwards Vice President Of Sales & Services | 40 | $279,120 | |
Brian Horner Vice President Of Finance & Administration | 40 | $206,398 | |
Ronald Collins Director Of Sales | 40 | $187,604 | |
Melissa Gogel Vice President Of Marketing, Tourism & Communicati | 40 | $163,962 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Valley Of The Sun Bowl Foundation Cactus Bowl | 6/29/21 | $220,000 |
Az Super Bowl Host Committee Super Bowl | 6/29/21 | $601,604 |
Off Madison Avenue Advertising Agency | 6/29/21 | $1,233,027 |
Oh Partners Advertising | 6/29/21 | $152,113 |
Sunshine & Bourbon Marketing | 6/29/21 | $114,899 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $1,563,591 |
| 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 | $1,563,591 |
| Total Program Service Revenue | $14,629,439 |
| Investment income | $49,561 |
| 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 | $16,242,591 |
| 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. | $867,377 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $4,385,061 |
| Pension plan accruals and contributions | $220,660 |
| Other employee benefits | $383,233 |
| Payroll taxes | $346,518 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $28,971 |
| Fees for services: Accounting | $22,768 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $324,697 |
| Advertising and promotion | $3,258,579 |
| Office expenses | $121,679 |
| Information technology | $168,078 |
| Royalties | $0 |
| Occupancy | $714,704 |
| Travel | $427,655 |
| 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 | $148,029 |
| Insurance | $0 |
| All other expenses | $19,209 |
| Total functional expenses | $11,964,529 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $14,365,384 |
| Savings and temporary cash investments | $2,472,000 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $1,232,856 |
| 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 | $378,785 |
| Net Land, buildings, and equipment | $289,614 |
| Investments—publicly traded securities | $453,111 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $19,191,750 |
| Accounts payable and accrued expenses | $1,508,305 |
| Grants payable | $0 |
| Deferred revenue | $1,482,500 |
| 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 | $1,394,238 |
| Total liabilities | $4,385,043 |
| Net assets without donor restrictions | $14,806,707 |
| 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 | $19,191,750 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
San Diego Convention And Tourist Bureau San Diego, CA | $10,248,135 | $28,266,235 |
Cdc Small Business Finance Corp San Diego, CA | $123,395,668 | $31,738,512 |
Mission Economic Development Agency San Francisco, CA | $193,556,070 | $20,206,962 |
San Francisco Travel Association San Francisco, CA | $17,687,275 | $15,738,684 |
Citadel Economic Development Corporation San Bernardino, CA | $7,215,242 | $16,438,545 |
Visit Salt Lake Salt Lake City, UT | $7,092,794 | $14,927,768 |
Greater Phoenix Convention & Visitors Bureau Phoenix, AZ | $19,191,750 | $16,242,591 |
Long Beach Area Convention And Visitors Bureau Inc Long Beach, CA | $4,784,571 | $9,189,036 |
San Luis Obispo Visitors & Conference Bureau Incorporated San Luis Obispo, CA | $7,302,521 | $9,818,447 |
Smcu Community Fund Redwood City, CA | $1,513,371 | $6,964,137 |
Greater Phoenix Economic Council Phoenix, AZ | $6,926,984 | $7,545,492 |
Santa Monica Travel & Tourism Santa Monica, CA | $2,868,308 | $7,126,411 |