Norfolk Tourism Foundation
- Assets
- $69.8k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Norfolk, VA
- Founding
- 05/2004
- Data as of
- 12/2023
- EIN
- 13-4246826
Organization Overview
Norfolk Tourism Foundation is located in Norfolk, VA. The organization was established in 2004. According to its NTEE Classification (B99) the organization is classified as: Education N.E.C., under the broad grouping of Education and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Norfolk Tourism Foundation is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2023, Norfolk Tourism Foundation generated $46.2k in total revenue. The organization has seen a slow decline revenue. Over the past 8 years, revenues have fallen by an average of (2.8%) each year. All expenses for the organization totaled $75.3k during the year ending 12/2023. You can explore the organizations financials more deeply in the financial statements section below.
Form
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2023
Describe the Organization's Program Activity:
Part 3
TO PROVIDE RESEARCH AND PUBLIC AWARENESS IN SUPPORT OF THE HOSPITALITY INDUSTRY IN THE CITY OF NORFOLK, VIRGINIA; ITS PRIMARY MISSION IS TO SUPPORT A ROBUST CITY-WIDE TOURISM INDUSTRY THROUGH RESEARCH, WORKFORCE DEVELOPMENT, CUSTOMER SERVICE, TRAINING AND EDUCATION.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Andrea Bear Chair | 2 | $0 | |
Chris Conway Vice Chair | 2 | $0 | |
Barbara Smith Treasurer | 2 | $0 | |
Kurt Krause Secretary | 2 | $0 | |
Jack Ankerson Chair Emerit | 0.5 | $0 | |
Jack Kavanaugh Past Chair | 0.5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $28,125 |
| Total Program Service Revenue | $0 |
| Membership dues | $0 |
| Investment income | $55 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $18,025 |
| Other Revenue | $0 |
| Total Revenue | $46,205 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $0 |
| Professional fees and other payments to independent contractors | $1,625 |
| Occupancy, rent, utilities, and maintenance | $0 |
| Printing, publications, postage, and shipping | $0 |
| Other expenses | $73,643 |
| Total expenses | $75,268 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $59,584 |
| Other assets | $0 |
| Total assets | $69,803 |
| Total liabilities | $16,650 |
| Net assets or fund balances | $53,153 |