Tri-Cities Visitor & Convention Bureau
- Assets
- $3.6m
- Revenue
- $3.4m
- Investments
- $0.0
- Employees
- 13
- Location
- Kennewick, WA
- Founding
- 06/1971
- Data as of
- 12/2021
- EIN
- 91-0859630
Organization Overview
Tri-Cities Visitor & Convention Bureau is located in Kennewick, WA. The organization was established in 1971. 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 12/2021, Tri-Cities Visitor & Convention Bureau employed 13 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Tri-Cities Visitor & Convention 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 12/2021, Tri-Cities Visitor & Convention Bureau generated $3.4m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 5.5% each year. All expenses for the organization totaled $2.8m during the year ending 12/2021. While expenses have increased by 3.7% 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
THE MISSION OF VISIT TRI-CITIES IS TO PROMOTE, MARKET AND SELL THE REGION AS A PREFERRED DESTINATION TO VISITORS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
ALL ACTIVITIES OF THE BUREAU ARE DIRECTED TOWARD THE ATTRACTION OF VISITORS & CONVENTIONS TO THE TRI CITIES AREA. THE BUREAU CONDUCTS VARIOUS MARKETING ACTIVITIES TO MEET THIS OBJECTIVE.
233,594 VISITOR INQUIRIES WERE PROCESSED IN 2021. VISITORS TO THE BENTON/FRANKLIN COUNTY AREA SPENT $489.3 MILLION. TRAVEL RELATED EMPLOYMENT TOTALED 4,739 JOBS LOCALLY AND TOURISM GENERATED LOCAL AND STATE TAX RECEIPTS OF $51.2 MILLION.
IN 2021, 68,157 DELEGATES ATTENDED CONVENTIONS, RECREATIONAL, SPORTS, AND GROUP EVENTS IN THE TRI-CITIES. THEY WORKED WITH TRADE AND TRAVEL MEDIA TO GENERATE 70 TRAVEL STORIES; HELPED WITH MARKETING FOR THE MANHATTAN PROJECT NATIONAL HISTORICAL PARK AND VISITOR CENTER; AND CONTINUED COORDINATION OF TRI-CITIES RIVERSHORE ENHANCEMENT COUNCIL ACTIVITIES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Michael N Novakovich President & CEO | 40 | $203,746 | |
Kimberly A Shugart Senior VP | 40 | $144,462 | |
Rob Roxburgh Chairman | Officer | 5 | $0 |
Ron Hue Treasurer | Officer | 5 | $0 |
Will Mckay Director | Trustee | 1 | $0 |
Matt Boehnke Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $228,360 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $245,835 |
| All other contributions, gifts, grants, and similar amounts not included above | $2,873,277 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $3,347,472 |
| Total Program Service Revenue | $0 |
| Investment income | $2,690 |
| 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 | $3,350,162 |
| 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 | $948,916 |
| Pension plan accruals and contributions | $38,940 |
| Other employee benefits | $105,953 |
| Payroll taxes | $73,729 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $6,252 |
| Fees for services: Accounting | $45,108 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $692,226 |
| Office expenses | $97,763 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $82,221 |
| Travel | $0 |
| 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 | $35,738 |
| Insurance | $10,826 |
| All other expenses | $9,267 |
| Total functional expenses | $2,834,506 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $914,029 |
| Savings and temporary cash investments | $1,839,631 |
| 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 | $0 |
| Net Land, buildings, and equipment | $865,468 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $3,619,128 |
| Accounts payable and accrued expenses | $0 |
| 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 | $83,082 |
| Total liabilities | $83,082 |
| Net assets without donor restrictions | $0 |
| 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 | $3,536,046 |
| Total liabilities and net assets/fund balances | $3,619,128 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Anchorage Convention & Visitors Bureau Anchorage, AK | $11,264,868 | $23,092,193 |
Seattle-King County Convention And Visitors Bureau Seattle, WA | $9,612,015 | $12,509,131 |
Western United States Agricultural Trade Association Vancouver, WA | $8,949,340 | $8,386,044 |
Fairbanks Convention And Visitors Bureau Fairbanks, AK | $2,458,123 | $5,662,617 |
Washington Association Of Realtors Olympia, WA | $17,163,792 | $6,357,823 |
Greater Boise Chamber Of Commerce Boise, ID | $3,444,262 | $5,301,196 |
Travel Salem Salem, OR | $3,237,636 | $5,433,877 |
Pacific Lumber Inspection Bureau Federal Way, WA | $3,862,387 | $4,417,361 |
Tri-Cities Visitor & Convention Bureau Kennewick, WA | $3,619,128 | $3,350,162 |
Alaska Oil And Gas Association Anchorage, AK | $1,444,563 | $2,236,646 |
Portland Metropolitan Association Of Realtors Portland, OR | $15,711,634 | $4,122,851 |
Idaho Association Of Realtors Inc Boise, ID | $6,354,859 | $2,460,883 |