Southeastern Massachusetts Convention & Visitors Bureau Inc
- Assets
- $329.6k
- Revenue
- $578.8k
- Investments
- $0.0
- Employees
- 0
- Location
- New Bedford, MA
- Founding
- 05/1984
- Data as of
- 06/2022
- EIN
- 04-2501667
Organization Overview
Southeastern Massachusetts Convention & Visitors Bureau Inc is located in New Bedford, MA. 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. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Southeastern Massachusetts Convention & 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 06/2022, Southeastern Massachusetts Convention & Visitors Bureau Inc generated $578.8k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 6.3% each year. All expenses for the organization totaled $356.0k during the year ending 06/2022. 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 MISSION OF THE SOUTHEASTERN MASSACHUSETTS CONVENTION AND VISITORS BUREAU (SMCVB) IS DEDICATED TO PROMOTING BRISTOL COUNTY, MA AS A LEISURE TRAVEL DESTINATION IN ORDER TO STIMULATE THE MASSACHUSETTS ECONOMY, CREATE JOBS AND SUPPORT THE GROWTH AND TOURISM RELATED BUSINESS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
DESTINATION MARKETING PROGRAM: PRINT AND ONLINE ADVERTISING/MARKETING TO PROMOTE TRAVEL BY VISITORS TO BRISTOL COUNTY, MASSACHUSETTS.
TRADE SHOWS: PARTICIPATION IN TRAVEL INDUSTRY TRADESHOWS AND FORUMS TO ENCOURAGE CONSUMERS AND INDUSTRY GROUPS TO VISIT THE REGION.
MARKETING GRANTS: PROVIDING MATCHING MINI-GRANTS TO ORGANIZATIONS IN BRISTOL COUNTY TO SUPPORT THEIR EFFORTS TO BRING IN VISITORS AND TOURISTS TO THEIR COMMUNITY IN BRISTOL COUNTY.
MISC
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Michael O'sullivan Treasurer | OfficerTrustee | 2 | $0 |
Lynne Sullivan Secretary | OfficerTrustee | 2 | $0 |
Christine Tyrell Chairperson | OfficerTrustee | 2 | $0 |
Amy Desrosiers Director | Trustee | 2 | $0 |
Kara Griffin Director | Trustee | 2 | $0 |
Rick Kidder Executive Di | Trustee | 10 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $250 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $36,558 |
| All other contributions, gifts, grants, and similar amounts not included above | $541,914 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $578,722 |
| Total Program Service Revenue | $0 |
| Investment income | $66 |
| 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 | $578,788 |
| 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 | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $63,239 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $5,015 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $211,710 |
| Office expenses | $59,006 |
| Information technology | $12,452 |
| 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 | $119 |
| Interest | $3,023 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $1,411 |
| All other expenses | $0 |
| Total functional expenses | $355,975 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $313,927 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $2,010 |
| 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 | $13,666 |
| 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 | $329,603 |
| Accounts payable and accrued expenses | $46,622 |
| 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 | $0 |
| Total liabilities | $46,622 |
| Net assets without donor restrictions | $269,424 |
| Net assets with donor restrictions | $13,557 |
| 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 | $329,603 |
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Structured Employment Economic Development Corporation New York, NY | $3,440,081 | $6,983,803 |
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