Park City Area Chamber Of Commerce Convention & Visitors Buerau
- Assets
- $9.0m
- Revenue
- $12.4m
- Investments
- $0.0
- Employees
- 35
- Location
- Park City, UT
- Founding
- 05/1986
- Data as of
- 06/2022
- EIN
- 87-0380257
Organization Overview
Park City Area Chamber Of Commerce Convention & Visitors Buerau is located in Park City, UT. The organization was established in 1986. 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. As of 06/2022, Park City Area Chamber Of Commerce Convention & Visitors Buerau employed 35 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Park City Area Chamber Of Commerce Convention & Visitors Buerau 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 06/2022, Park City Area Chamber Of Commerce Convention & Visitors Buerau generated $12.4m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 5.6% each year. All expenses for the organization totaled $9.4m during the year ending 06/2022. While expenses have increased by 1.2% per year over the past 7 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
THE PARK CITY CHAMBER/CONVENTION AND VISITORS BUREAU IS THE CHAMPION OF OUR LOCAL BUSINESS COMMUNITY AND OF OUR COMMUNITYS BRAND. WE STRIVE TO FOSTER A SUCCESSFUL ECONOMY THROUGH THE PROMOTION OF THE AREA AS AN ATTRACTIVE TRAVEL DESTINATION AND THROUGH COMMUNITY AND REGIONAL COLLABORATION.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE PARK CITY CHAMBER OF COMMERCE | CONVENTION & VISITORS BUREAU OPERATES A CHAMBER OF COMMERCE & DESTINATION MARKETING AND MANAGEMENT ORGANIZATION. THE CHAMBER OF COMMERCE FUNCTION FOCUSES ON PROVIDING BENEFITS AND SERVICES TO PARTNERS, STAKEHOLDERS AND THE COMMUNITY AT LARGE. PROGRAMS INCLUDE SKILL BUILDING EVENTS, MARKETING EXPOSURE, NETWORKING OPPORTUNITIES, WEEKLY COMMUNICATIONS, ADVOCACY AND ACCESS TO DATA AND RESOURCES. THE CONVENTION & VISITORS BUREAU FUNCTION FOCUSES ON VISITOR ATTRACTION, MANAGEMENT; AND MONITORING AND MEASURING TOURISMS IMPACT ON THE COMMUNITY. PROGRAMS INCLUDE DESTINATION MARKETING TO ATTRACT LEISURE VISITORS, MEETINGS AND CONVENTIONS MARKETING AND SALES, PROMOTION TO TRAVEL TRADE PROFESSIONALS AND TRAVEL WRITERS; AND MANAGEMENT OF THE VISITOR INFORMATION CENTER, VISITOR FACING WEBSITES AND OTHER VISITOR EDUCATIONAL PROGRAMS. WE COLLABORATE EXTENSIVELY WITH COMMUNITY PARTNERS TO MAKE PARK CITY AND SUMMIT COUNTY THE BEST PLACE TO LIVE, WORK, PLAY AND VISIT.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jennifer Wesselhoff President & CEO | OfficerTrustee | 40 | $262,201 |
Laura Carlson VP Of Marketing | 40 | $124,596 | |
Rachel Alday Board Member | Trustee | 0 | $0 |
Spencer Byrne Board Member | Trustee | 0 | $0 |
Lindsay Arnold Board Member | Trustee | 0 | $0 |
Roger Armstrong Board Member | Trustee | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $255,400 |
| Government grants | $743,962 |
| All other contributions, gifts, grants, and similar amounts not included above | $300,000 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,299,362 |
| Total Program Service Revenue | $11,088,880 |
| Investment income | -$2,041 |
| 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 | $12,386,201 |
| 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. | $262,201 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,484,533 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $228,870 |
| Payroll taxes | $125,301 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $41,232 |
| Fees for services: Accounting | $9,066 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $53,011 |
| Advertising and promotion | $4,550,457 |
| Office expenses | $78,775 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $9,901 |
| Conferences, conventions, and meetings | $17,555 |
| Interest | $29,907 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $78,238 |
| Insurance | $12,034 |
| All other expenses | $699,801 |
| Total functional expenses | $9,358,507 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $7,476,514 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $13,125 |
| 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 | $263,414 |
| Net Land, buildings, and equipment | $971,176 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $315,000 |
| Other assets | $0 |
| Total assets | $9,039,229 |
| Accounts payable and accrued expenses | $239,980 |
| Grants payable | $0 |
| Deferred revenue | $5,000 |
| 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 | $760,491 |
| Total liabilities | $1,005,471 |
| Net assets without donor restrictions | $8,033,758 |
| 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 | $9,039,229 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Park City Area Chamber Of Commerce Convention & Visitors Buerau has recieved totaling $57,000.
| Awarding Organization | Amount |
|---|---|
Ihc Health Services Inc Salt Lake City, UT PURPOSE: SUPPORT COMMUNITY HEALTH | $57,000 |
Endowment Analysis
| Beg. Balance | $968,771 |
| Net Contributions | $86,272 |
| Ending Balance | $1,055,043 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
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 |
Greater Las Vegas Chamber Of Commerce Inc Las Vegas, NV | $11,964,032 | $6,654,752 |
Colorado Lending Source Ltd Denver, CO | $12,386,604 | $5,983,291 |
Greater Boise Chamber Of Commerce Boise, ID | $3,444,262 | $5,301,196 |
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 |
Visit Mesa Mesa, AZ | $4,162,737 | $5,173,998 |
Tempe Convention And Visitors Bureau Inc Tempe, AZ | $1,295,007 | $3,977,965 |