Ketchikan Visitors Bureau Inc
- Assets
- $346.3k
- Revenue
- $1.2m
- Investments
- $0.0
- Employees
- 10
- Location
- Ketchikan, AK
- Founding
- 08/1984
- Data as of
- 12/2021
- EIN
- 92-0062853
Organization Overview
Ketchikan Visitors Bureau Inc is located in Ketchikan, AK. The organization was established in 1984. 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 12/2021, Ketchikan Visitors Bureau Inc employed 10 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Ketchikan Visitors Bureau 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 12/2021, Ketchikan Visitors Bureau Inc generated $1.2m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 1.9% each year. All expenses for the organization totaled $1.1m during the year ending 12/2021. While expenses have increased by 0.5% 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
TO PROMOTE TOURISM AND CONVENTIONS IN KETCHIKAN ALASKA.
Describe the Organization's Program Activity:
Part 3 - Line 4a
TO PROMOTE TOURISM AND CONVENTIONS IN KETCHIKAN ALASKA.
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Patti Mackey President An | Officer | 40 | $77,702 |
Joe Williams Jr Vice-Chair | Officer | 1 | $0 |
Shauna Lee Board Chair | Officer | 1 | $0 |
Jaimie Palmer 2nd Vice-Cha | Officer | 1 | $0 |
Linda Peters Secretary-Tr | Officer | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $71,517 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $1,066,703 |
| 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 | $1,138,220 |
| Total Program Service Revenue | $70,724 |
| Investment income | $73 |
| 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 | $3,629 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,212,646 |
| 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 | $681,298 |
| Compensation of current officers, directors, key employees. | $77,702 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $153,191 |
| Pension plan accruals and contributions | $7,459 |
| Other employee benefits | $57,279 |
| Payroll taxes | $20,020 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $27,453 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $13,049 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $73,142 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $118 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $3,794 |
| Insurance | $5,229 |
| All other expenses | $409 |
| Total functional expenses | $1,144,626 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $156,386 |
| Savings and temporary cash investments | $62,292 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $88,318 |
| 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 | $2,088 |
| Net Land, buildings, and equipment | $37,190 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $346,274 |
| Accounts payable and accrued expenses | $6,170 |
| Grants payable | $0 |
| Deferred revenue | $63,925 |
| 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 | $19,899 |
| Total liabilities | $89,994 |
| Net assets without donor restrictions | $256,280 |
| 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 | $346,274 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Bristol Bay Economic Development Corporation Dillingham, AK | $306,219,768 | $32,445,568 |
Juneau Economic Development Council Juneau, AK | $7,391,243 | $19,704,575 |
Alaska Cabaret Hotel Restaurant & Retailers Association Anchorage, AK | $1,951,463 | $11,915,981 |
Spokane Area Workforce Development Council Spokane, WA | $1,735,015 | $9,993,306 |
South Central Workforce Development Council Union Gap, WA | $4,276,195 | $7,715,275 |
Visit Spokane Spokane, WA | $4,256,594 | $5,130,887 |
Spruce Root Inc Juneau, AK | $2,965,503 | $3,464,933 |
Angels For Angels Seattle, WA | $2,495,465 | $5,448,539 |
Koyuk Native Store Koyuk, AK | $1,287,215 | $2,898,870 |
Greater Seattle Partners Seattle, WA | $2,408,899 | $964,300 |
The Alliance For Pioneer Square Seattle, WA | $803,516 | $2,179,538 |
Economic Alliance Snohomish County Everett, WA | $2,270,851 | $2,266,401 |