Visitor Development Fund Inc
- Assets
- $8.1m
- Revenue
- $541.9k
- Investments
- $0.0
- Employees
- 0
- Location
- Portland, OR
- Founding
- 07/2001
- Data as of
- 06/2021
- EIN
- 93-1305252
Organization Overview
Visitor Development Fund Inc is located in Portland, OR. The organization was established in 2001. According to its NTEE Classification (S46) the organization is classified as: Boards of Trade, under the broad grouping of Community Improvement & Capacity Building and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Visitor Development Fund 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 06/2021, Visitor Development Fund Inc generated $541.9k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 6 years, the organization has seen revenues fall by an average of (16.4%) each year. All expenses for the organization totaled $106.7k during the year ending 06/2021. As we would expect to see with falling revenues, expenses have declined by (37.4%) per year over the past 6 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Visitor Development Fund Inc has awarded 37 individual grants totaling $9,275,441. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO ATTRACT VISITORS TO PORTLAND THAT MAXIMIZE HOTEL OCCUPANCY AND VEHICLE RENTALS IN THE CITY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
MADE GRANTS TO SUPPORT TOURISM RELATED EVENTS, PROMOTIONS AND ORGANIZATIONS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Mike Daley Treasurer | OfficerTrustee | 1 | $0 |
Peter Flemming Vice Chair | OfficerTrustee | 1 | $0 |
Alex Dawes Chair | OfficerTrustee | 1 | $0 |
Jeff Miller Secretary | OfficerTrustee | 1 | $0 |
Shirley Craddick Committee Member | Trustee | 1 | $0 |
Deborah Kafoury Committee Member | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $536,588 |
| 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 | $536,588 |
| Total Program Service Revenue | $0 |
| Investment income | $5,267 |
| 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 | $541,855 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $100,225 |
| 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 | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $4,811 |
| 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 | $24 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| 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 | $0 |
| Insurance | $1,597 |
| All other expenses | $0 |
| Total functional expenses | $106,657 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $7,809,775 |
| Savings and temporary cash investments | $253,720 |
| 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 | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $8,063,495 |
| Accounts payable and accrued expenses | $2,986 |
| Grants payable | $4,435,177 |
| 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 | $0 |
| Total liabilities | $4,438,163 |
| 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 | $0 |
| Total liabilities and net assets/fund balances | $8,063,495 |
Grants Awarded
Over the last fiscal year, Visitor Development Fund Inc has awarded $100,000 in support to 3 organizations.
| Grant Recipient | Amount |
|---|---|
THE MISSION PRODUCTIONS LP PURPOSE: TOP CHEF - PORTLAND | $75,000 |
VANCOUVER WHITECAPS FC LP PURPOSE: WHEN WE MEET AGAIN PROMO | $15,000 |
Salem, OR PURPOSE: FUND RAISING EFFORTS, 2021 INT'L CITY/COUNTY MGMT ASSN | $10,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Worldwide Broker Network Us Inc San Francisco, CA | $1,656,895 | $3,985,774 |
Court Of Master Sommeliers Americas Napa, CA | $2,386,089 | $2,223,324 |
Humboldt Lodging Alliance Inc Eureka, CA | $2,445,778 | $1,031,701 |
District Hospital Leadership Forum Sacramento, CA | $1,610,339 | $2,002,679 |
Broadband Forum Fremont, CA | $3,420,246 | $1,816,286 |
Northwest Gas Association West Linn, OR | $593,942 | $1,164,361 |
Northwest Maritime Advisory Services Seattle, WA | $748,144 | $1,229,720 |
California Korean American Pharmacists Association Los Angeles, CA | $77,639 | $1,061,092 |
Us Apple Export Council Sacramento, CA | $415,852 | $1,024,965 |
Entertainment Id Registry Association Boise, ID | $561,904 | $1,157,933 |
Guildsomm Inc Petaluma, CA | $935,763 | $1,276,326 |
American Agents Alliance Inc Sacramento, CA | $2,141,964 | $992,230 |