Bucks County Conference & Visitors Bureau Inc
- Assets
- $7.7m
- Revenue
- $6.5m
- Investments
- $0.0
- Employees
- 19
- Location
- Bensalem, PA
- Founding
- 09/1988
- Data as of
- 06/2022
- EIN
- 23-2483798
Organization Overview
Bucks County Conference & Visitors Bureau Inc is located in Bensalem, PA. The organization was established in 1988. 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. As of 06/2022, Bucks County Conference & Visitors Bureau Inc employed 19 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Bucks County Conference & 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, Bucks County Conference & Visitors Bureau Inc generated $6.5m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 11.2% each year . All expenses for the organization totaled $5.7m during the year ending 06/2022. While expenses have increased by 10.5% per year over the past 7 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Bucks County Conference & Visitors Bureau Inc has awarded 185 individual grants totaling $2,974,473. 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
THE ORGANIZATION DEVELOPS, MARKETS AND PROMOTES ALL TOURISM AND HOSPITALITY-RELATED BUSINESSES IN THE COUNTY TO INCREASE VISITATION; THEREFORE, DRIVING ECONOMIC ACTIVITY AND SUPPORTING JOBS IN BUCKS COUNTY, PENNSYLVANIA. THE ORGANIZATION ALSO SERVICES VISITORS BY DISTRIBUTING AND PROVIDING BUCKS COUNTY TRAVEL INFORMATION.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE ORGANIZATION SUPPORTS LOCAL BUCKS COUNTY, PENNSYLVANIA TOURISM AND HOSPITALITY BUSINESSES AND THEIR WORKFORCES BY PROVIDING ADVOCACY, PROFESSIONAL EDUCATION, PARTNERSHIP OPPORTUNITIES AND SUPPORT IN A VARIETY OF WAYS.
THE ORGANIZATION PROVIDES GRANT FUNDING TO COUNTY ORGANIZATIONS FOR APPROVED TOURISM AND HOSPITALITY-RELATED INDUSTRY PROMOTIONS AND PROJECTS THAT ATTRACT VISITORS TO BUCKS COUNTY, PENNSYLVANIA.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Paul Bencivengo President / COO | Officer | 40 | $198,914 |
Paul Licitra Treasurer | OfficerTrustee | 5 | $0 |
Sharon Rossi Chairperson | OfficerTrustee | 5 | $0 |
Douglas Miller Secretary | OfficerTrustee | 5 | $0 |
Robert J Mcgowan Second Chairperson | OfficerTrustee | 5 | $0 |
Ronald Gilbert First Chairperson | OfficerTrustee | 5 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Mayoseitz Media Advertising | 6/29/20 | $1,818,311 |
Bucks Digital Advertising | 6/29/20 | $101,788 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $6,439,510 |
| All other contributions, gifts, grants, and similar amounts not included above | $9,212 |
| Noncash contributions included in lines 1a–1f | $9,212 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $6,448,722 |
| Total Program Service Revenue | $23,215 |
| Investment income | $993 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $23,459 |
| 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 | $2,115 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $6,498,504 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $659,623 |
| 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. | $212,925 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $609,669 |
| Pension plan accruals and contributions | $20,379 |
| Other employee benefits | $47,214 |
| Payroll taxes | $109,090 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $10,985 |
| Fees for services: Accounting | $32,754 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $291,219 |
| Advertising and promotion | $3,248,888 |
| Office expenses | $85,229 |
| Information technology | $34,537 |
| Royalties | $0 |
| Occupancy | $167,781 |
| Travel | $19,501 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $25,097 |
| Interest | $695 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $102,858 |
| Insurance | $17,464 |
| All other expenses | $0 |
| Total functional expenses | $5,713,882 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $520,018 |
| Savings and temporary cash investments | $2,923,488 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $1,382,681 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $8,781 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $1,928,170 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $951,092 |
| Total assets | $7,714,230 |
| Accounts payable and accrued expenses | $588,516 |
| 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 | $588,516 |
| Net assets without donor restrictions | $6,664,527 |
| Net assets with donor restrictions | $461,187 |
| 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 | $7,714,230 |
Grants Awarded
Over the last fiscal year, Bucks County Conference & Visitors Bureau Inc has awarded $593,473 in support to 29 organizations.
| Grant Recipient | Amount |
|---|---|
Doylestown, PA PURPOSE: PROMOTE TOURISM - MARKETING | $50,000 |
Bristol, PA PURPOSE: PROMOTE TOURISM - MARKETING | $50,000 |
PEDDLER'S VILLAGE PURPOSE: PROMOTE TOURISM - MARKETING | $50,000 |
Morrisville, PA PURPOSE: PROMOTE TOURISM - MARKETING | $42,000 |
Langhorne, PA PURPOSE: PROMOTE TOURISM - MARKETING | $30,750 |
Washington Crossing, PA PURPOSE: PROMOTE TOURISM - MARKETING | $30,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Pidc Financing Corp Philadelphia, PA | $6,556,052 | $18,403,713 |
Insitech Inc Warren, NJ | $450,270 | $14,466,949 |
The Convention And Visitors Bureau Of Greater Cleveland Inc Cleveland, OH | $25,296,918 | $17,425,666 |
Ridc Regional Growth Fund Pittsburgh, PA | $36,670,171 | $9,947,122 |
Columbus Downtown Development Corporation Columbus, OH | $118,710,723 | $12,117,471 |
Delaware County Economic Development Oversight Board Media, PA | $2,255,958 | $10,697,300 |
Riverfront Development Corporation Of Delaware Wilmington, DE | $140,150,021 | $1,670,893 |
East Baltimore Development Inc Baltimore, MD | $12,751,192 | $30,262,944 |
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 |
Montgomery County Economic Development Corporation Rockville, MD | $2,827,028 | $7,933,113 |
Greater Philadelphia Tourism Marketing Corporation Philadelphia, PA | $11,403,385 | $8,019,397 |