Anchorage Convention & Visitors Bureau
- Assets
- $16.3m
- Revenue
- $13.4m
- Investments
- $0.0
- Employees
- 63
- Location
- Anchorage, AK
- Founding
- 10/1975
- Data as of
- 12/2022
- EIN
- 92-0055119
Organization Overview
Anchorage Convention & Visitors Bureau, operating under the name Visit Anchorage, is located in Anchorage, AK. The organization was established in 1975. 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 12/2022, Visit Anchorage employed 63 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Visit Anchorage 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 12/2022, Visit Anchorage generated $13.4m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 3.9% each year. All expenses for the organization totaled $9.8m during the year ending 12/2022. While expenses have increased by 0.2% per year over the past 8 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 PURPOSE OF THE ANCHORAGE CONVENTION AND VISITORS BUREAU IS TO ATTRACT AND SERVE VISITORS TO ANCHORAGE, ALASKA.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE PURPOSE OF THE ANCHORAGE CONVENTION AND VISITORS BUREAU IS TO ATTRACT AND SERVE VISITORS TO ANCHORAGE, ALASKA.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Allison Bendis Member | Trustee | 2 | $0 |
Lori Brewer Member | Trustee | 2 | $0 |
Jin Chen Vice Chair | Trustee | 2 | $0 |
Lanie Downs Member | Trustee | 2 | $0 |
Raquel Edelen Member | Trustee | 2 | $0 |
Nicole Geils Member | Trustee | 2 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Simpleview Website Hosting & Management | 12/30/22 | $171,249 |
Msi Communications Public Relations | 12/30/22 | $340,033 |
Lithtex Shipping & Fulfillment | 12/30/22 | $135,382 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $322,315 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $35,000 |
| All other contributions, gifts, grants, and similar amounts not included above | $12,571,747 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $12,929,062 |
| Total Program Service Revenue | $355,663 |
| Investment income | $107,913 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $16,000 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $13,418,775 |
| 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 | $2,444,184 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $105,651 |
| Payroll taxes | $204,027 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $6,880 |
| Fees for services: Accounting | $34,850 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $346,295 |
| Advertising and promotion | $2,859,217 |
| Office expenses | $244,993 |
| Information technology | $135,521 |
| Royalties | $0 |
| Occupancy | $335,183 |
| Travel | $966,182 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $955,030 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $49,945 |
| Insurance | $525,960 |
| All other expenses | $575,450 |
| Total functional expenses | $9,789,368 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $7,233,943 |
| Savings and temporary cash investments | $1,289,971 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $5,130,016 |
| 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 | $473,802 |
| Net Land, buildings, and equipment | $2,080,537 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $59,288 |
| Other assets | $0 |
| Total assets | $16,267,557 |
| Accounts payable and accrued expenses | $853,065 |
| Grants payable | $0 |
| Deferred revenue | $487,398 |
| 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 | $1,099,807 |
| Total liabilities | $2,440,270 |
| Net assets without donor restrictions | $13,827,287 |
| 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 | $16,267,557 |