Thousand Islands Regional Tourism Development Corporation
- Assets
- $408.5k
- Revenue
- $593.8k
- Investments
- $0.0
- Employees
- 0
- Location
- Alexandria Bay, NY
- Founding
- 02/1998
- Data as of
- 12/2021
- EIN
- 16-1516181
Organization Overview
Thousand Islands Regional Tourism Development Corporation is located in Alexandria Bay, NY. The organization was established in 1998. 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. Thousand Islands Regional Tourism Development Corporation 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, Thousand Islands Regional Tourism Development Corporation generated $593.8k 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 (5.5%) each year. All expenses for the organization totaled $827.3k during the year ending 12/2021. 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
THE COUNCIL WAS FORMED FOR THE DEVELOPMENT, PROMOTION, ENHANCEMENT AND RETENTION OF THE TOURISM INDUSTRY, AND ITS ASSOCIATED EMPLOYMENT BASE WITHIN THE CORPORATION'S REGION, FOR THE ECONOMIC BENEFIT OF THE REGION, AS AN AGENCY, TO CORRELATE THE EFFORTS OF VARIOUS GOVERNMENTAL BODIES OR AGENCIES, AND AFFECTED PRIVATE BUSINESS INTERESTS, AND TO MAXIMIZE THE EFFECT OF THEIR COMBINED EFFORTS AND RESPECTIVE CONTRIBUTIONS TO THE DEVELOPMENT, RETENTION AND PROMOTION OF THE RECREATION AND TOURISM INDUSTRY THROUGH OUT THE REGION, THEREBY LESSENING THE BURDENS OF GOVERNMENT AND ACTING IN THE PUBLIC INTERESTS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE MISSION OF THE TIRTDC IS DEVELOPMENT, PROMOTION, ENHANCEMENT AND RETENTION OF THE TOURISM INDUSTRY AND ITS ASSOCIATED EMPLOYMENT BASE WITHIN THE TERRITORY ENCOMPASSING GENERALLY THE COUNTY OF JEFFERSON IN THE STATE OF NEW YORK, AN AREA OF APPROXIMATELY THE SAME SIZE IN THE SOUTHERN PORTION OF EASTERN ONTARIO, CANADA, ABUTTING THE ST LAWRENCE RIVER AND APPROXIMATELY OPPOSITE JEFFERSON COUNTY, BUT EXTENDING SLIGHTLY FARTHER BOTH EASTERLY AND WESTERLY FOR THE OVERALL ECONOMIC BENEFIT OF THE REGION.KEY PROGRAM OBJECTIVES ARE:-CREATE UNIFIED MARKETING EFFORT FOR THE 1000 ISLANDS BI-NATIONAL REGION-MAINTAIN CORE VISITATION IN TRADITIONAL TOURISM SEASONS.-ATTRACT NEW VISITORS TO AREA.-LENGTHEN AVERAGE STAY, INCREASE AVERAGE SPENDING-PROMOTE CROSS-VISITATION OF COMMUNITIES AND ATTRACTIONS WITHIN THE REGION-DEVELOP TRAFFIC IN SLOWER AND "OFF" SEASONS-SUPPORT HEALTH AND GROWTH OF LOCAL TOURISM BUSINESSES-SUPPORT INTRODUCTION OF NEW TOURISM PRODUCTS-ENCOURAGE INVESTMENT IN TOURISM IN REGION
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
James Corbin Chairman | OfficerTrustee | 1 | $0 |
Jody Pettit Vice-Chairperson | OfficerTrustee | 1 | $0 |
Ron Thomson Secretary/treasurer | OfficerTrustee | 1 | $0 |
Corey Fram Director Of Tourism | Officer | 40 | $0 |
Jacques Pigeon Director | Trustee | 1 | $0 |
Peyton Taylor Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $441,732 |
| All other contributions, gifts, grants, and similar amounts not included above | $52,774 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $494,506 |
| Total Program Service Revenue | $81,181 |
| Investment income | $265 |
| 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 | $593,837 |
| 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 | $122,257 |
| 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 | $8,678 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $588,680 |
| Office expenses | $2,339 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $1,897 |
| 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 | $14,590 |
| Insurance | $4,500 |
| All other expenses | $16,636 |
| Total functional expenses | $827,329 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $294,021 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $65,011 |
| Accounts receivable, net | $5,000 |
| 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 | $13,237 |
| Net Land, buildings, and equipment | $31,221 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $408,490 |
| Accounts payable and accrued expenses | $2,356 |
| Grants payable | $0 |
| Deferred revenue | $1,000 |
| 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 | $3,356 |
| Net assets without donor restrictions | $405,134 |
| 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 | $408,490 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Connecticut Institute For Communities Inc Danbury, CT | $23,773,882 | $36,794,150 |
Pidc-Developement Management Corporation Philadelphia, PA | $0 | $30,722,052 |
Delaware River Waterfront Corporation Philadelphia, PA | $26,551,411 | $24,883,136 |
T R W I B Inc Pittsburgh, PA | $14,392,055 | $22,959,509 |
Pidc Financing Corp Philadelphia, PA | $6,556,052 | $18,403,713 |
Insitech Inc Warren, NJ | $450,270 | $14,466,949 |
Ridc Regional Growth Fund Pittsburgh, PA | $36,670,171 | $9,947,122 |
Delaware County Economic Development Oversight Board Media, PA | $2,255,958 | $10,697,300 |
Alleghenies Planning And Development Commission Altoona, PA | $25,721,818 | $9,986,298 |
Sports Fans Coalition Ny Inc Ronkonkoma, NY | $633,460 | $8,459,536 |
Greater Philadelphia Tourism Marketing Corporation Philadelphia, PA | $11,403,385 | $8,019,397 |
Greater Boston Convention And Tourist Bureau Inc Boston, MA | $3,175,283 | $8,778,402 |