Bucks County Conference & Visitors Bureau Inc
- Assets
- $8.1m
- Revenue
- $6.8m
- Investments
- $0.0
- Employees
- 26
- Location
- Newtown, PA
- Founding
- 09/1988
- Data as of
- 12/2023
- EIN
- 23-2483798
Organization Overview
Bucks County Conference & Visitors Bureau Inc is located in Newtown, 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 12/2023, Bucks County Conference & Visitors Bureau Inc employed 26 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 12/2023, Bucks County Conference & Visitors Bureau Inc generated $6.8m in total revenue. This represents relatively stable growth, over the past 9 years the organization has increased revenue by an average of 9.1% each year. All expenses for the organization totaled $6.4m during the year ending 12/2023. While expenses have increased by 9.5% per year over the past 9 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 249 individual grants totaling $4,010,398. 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
2023
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 |
|---|---|---|---|
Albert A Giagnacova Board Member | Trustee | 1 | $0 |
Christine Hensel Triantos Board Member | Trustee | 1 | $0 |
Douglas Miller Secretary | OfficerTrustee | 5 | $0 |
Dr Charles Tweedy Board Member | Trustee | 1 | $0 |
James B Humphreys Board Member | Trustee | 1 | $0 |
Jennifer Ruane Board Member | Trustee | 1 | $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 | $6,460,250 |
| All other contributions, gifts, grants, and similar amounts not included above | $12,946 |
| Noncash contributions included in lines 1a–1f | $12,946 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $6,473,196 |
| Total Program Service Revenue | $117,542 |
| Investment income | $194,302 |
| 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 | $30 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $6,785,070 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $583,650 |
| 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. | $249,063 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $817,746 |
| Pension plan accruals and contributions | $28,796 |
| Other employee benefits | $80,291 |
| Payroll taxes | $127,813 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $55,181 |
| Fees for services: Accounting | $23,280 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $356,702 |
| Advertising and promotion | $3,703,610 |
| Office expenses | $123,218 |
| Information technology | $32,241 |
| Royalties | $0 |
| Occupancy | $115,548 |
| Travel | $51,034 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $39,068 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $14,374 |
| Insurance | $23,803 |
| All other expenses | $0 |
| Total functional expenses | $6,445,241 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $292,633 |
| Savings and temporary cash investments | $6,457,965 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $1,232,762 |
| 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 | $15,447 |
| Net Land, buildings, and equipment | $149,347 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $8,148,154 |
| Accounts payable and accrued expenses | $62,150 |
| 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 | $62,150 |
| Net assets without donor restrictions | $7,927,069 |
| Net assets with donor restrictions | $158,935 |
| 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 | $8,148,154 |
Grants Awarded
Over the last fiscal year, Bucks County Conference & Visitors Bureau Inc has awarded $512,850 in support to 35 organizations.
| Grant Recipient | Amount |
|---|---|
AFRICAN AMERICAN MUSEUM OF BUCKS COUNTY PURPOSE: PROMOTE TOURISM - MARKETING | $18,000 |
BUCKS COUNTY CENTER FOR THE PERFORMING ARTS INC PURPOSE: PROMOTE TOURISM - MARKETING | $9,000 |
BRISTOL RIVERSIDE THEATRE PURPOSE: PROMOTE TOURISM - MARKETING | $28,800 |
BUCKS COUNTY HISTORICAL SOCIETY MERCER MUSEUM PURPOSE: PROMOTE TOURISM - MARKETING | $22,500 |
BUCKS COUNTY PLAYHOUSE THEATER INC PURPOSE: PROMOTE TOURISM - MARKETING | $28,800 |
FRIENDS OF WASHINGTON CROSSING PARK PURPOSE: PROMOTE TOURISM - MARKETING | $28,800 |