Norfolk Tourism Foundation
- Assets
- $138.2k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Norfolk, VA
- Founding
- 05/2004
- Data as of
- 12/2021
- 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 12/2021, Norfolk Tourism Foundation generated $30.4k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (8.8%) each year. All expenses for the organization totaled $26.0k during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (5.2%) per year over the past 7 years. 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
2021
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 |
|---|---|---|---|
Jack Kavanaugh Chair | 2 | $0 | |
Jolene Price Thompson Vice Chair | 2 | $0 | |
Patricia Rawls Treasurer | 2 | $0 | |
Jack Ankerson Chair Emerit | 0.5 | $0 | |
Andrea Bear Member | 0.5 | $0 | |
Kurt Krause Secretary | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $6,645 |
| Total Program Service Revenue | $0 |
| Membership dues | $0 |
| Investment income | $107 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $23,673 |
| Other Revenue | $0 |
| Total Revenue | $30,425 |
| 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 | $1,600 |
| Occupancy, rent, utilities, and maintenance | $0 |
| Printing, publications, postage, and shipping | $0 |
| Other expenses | $23,238 |
| Total expenses | $25,988 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $129,202 |
| Other assets | $0 |
| Total assets | $138,211 |
| Total liabilities | $26,878 |
| Net assets or fund balances | $111,333 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Norfolk Tourism Foundation has recieved totaling $57.
| Awarding Organization | Amount |
|---|---|
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $57 |
Peer Organizations
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|---|---|---|
Csdc Property Corporation Hanover, MD | $98,381,398 | $10,915,076 |
Nashville Christian Schools Inc Nashville, TN | $15,861,527 | $11,380,929 |
Global Entrepreneurship Network Inc Arlington, VA | $6,928,946 | $10,036,868 |
Fpf Education And Innovation Foundation Washington, DC | $7,838,229 | $9,845,360 |
Miller School Of Albermarle Charlottesville, VA | $35,553,057 | $8,965,798 |
Charter Schools Development Corporation Hanover, MD | $137,072,204 | $25,530,553 |
United States Public Policy Council Mc Lean, VA | $515,116 | $8,099,974 |
Bowling Green Warren County Primary Care Center Inc Bowling Green, KY | $15,935,520 | $7,530,325 |
Global Service Network Inc Apex, NC | $3,942,579 | $9,338,562 |
Integrated Design Electronics Acade My Public Charter School Washington, DC | $15,621,514 | $8,510,421 |
Memphis Rise Academy Inc Memphis, TN | $16,603,150 | $9,374,095 |
Citizens Assembly Inc Washington, DC | $121,418 | $7,353,833 |