Greater Des Moines Convention And Visitors Bureau Inc
- Assets
- $2.9m
- Revenue
- $3.8m
- Investments
- $0.0
- Employees
- 52
- Location
- Des Moines, IA
- Founding
- 03/1985
- Data as of
- 06/2021
- EIN
- 42-1221738
Organization Overview
Greater Des Moines Convention And Visitors Bureau Inc is located in Des Moines, IA. The organization was established in 1985. According to its NTEE Classification (S01) the organization is classified as: Alliances & Advocacy, under the broad grouping of Community Improvement & Capacity Building and related organizations. As of 06/2021, Greater Des Moines Convention And Visitors Bureau Inc employed 52 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Greater Des Moines Convention And 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 06/2021, Greater Des Moines Convention And Visitors Bureau Inc generated $3.8m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 6 years, the organization has seen revenues fall by an average of (5.1%) each year. All expenses for the organization totaled $4.1m during the year ending 06/2021. As we would expect to see with falling revenues, expenses have declined by (3.2%) per year over the past 6 years. 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
TO PROMOTE THE GREATER DES MOINES AREA
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROMOTE AND DEVELOP THE VISITORS AND CONVENTION INDUSTRY IN THE GREATER DES MOINES AREA (FOURTEEN MUNICIPALITIES AND POLK COUNTY) AND TO ENCOURAGE THE UTILIZATION OF FACILITIES FOR VISITORS AND CONVENTIONS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Greg Edwards President/ceo | Officer | 40 | $264,217 |
Brock Konrad VP Of Marketing | 40 | $113,946 | |
Trina Flack VP Of Sales | 40 | $101,844 | |
Shannon Winters VP Of Finance And Human Resources | Officer | 40 | $95,939 |
Ann Atkin Director | Trustee | 0.25 | $0 |
Dan Carlino Director | Trustee | 0.25 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Rcs - Capital Square Llc Office And Parking Space Rental | 6/29/21 | $159,318 |
Strategic America Advertising | 6/29/21 | $418,934 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $3,366,164 |
| All other contributions, gifts, grants, and similar amounts not included above | $133 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $3,366,297 |
| Total Program Service Revenue | $391,065 |
| Investment income | $9,641 |
| 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 | $3,767,003 |
| 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. | $355,946 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,149,700 |
| Pension plan accruals and contributions | $60,350 |
| Other employee benefits | $167,954 |
| Payroll taxes | $105,949 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $10,175 |
| Fees for services: Lobbying | $2,250 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $18,492 |
| Advertising and promotion | $1,302,843 |
| Office expenses | $251,314 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $189,759 |
| Travel | $7,070 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $217,572 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $106,922 |
| Insurance | $14,408 |
| All other expenses | $18,396 |
| Total functional expenses | $4,092,430 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $2,317,065 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $320,325 |
| 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 | $114,468 |
| Net Land, buildings, and equipment | $111,929 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $2,863,787 |
| Accounts payable and accrued expenses | $373,476 |
| 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 | $17,162 |
| Total liabilities | $390,638 |
| Net assets without donor restrictions | $2,473,149 |
| 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 | $2,863,787 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Greater Des Moines Convention And Visitors Bureau Inc has recieved totaling $5,000.
| Awarding Organization | Amount |
|---|---|
Central Iowa Hospital Corporation Des Moines, IA PURPOSE: PROGRAM SUPPORT | $5,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Benedictine Living Community Owatonna Minneapolis, MN | $16,154,920 | $11,439,984 |
German-American Chamber Of Commerce Of The Midwest Chicago, IL | $9,537,423 | $9,672,106 |
Greater Milwaukee Convention & Visitors Bureau Inc Milwaukee, WI | $13,303,680 | $5,924,757 |
The Chicago Association Of Realtors Inc Chicago, IL | $11,107,922 | $7,821,690 |
Illinois Small Business Growth Corporation Springfield, IL | $2,478,514 | $7,890,542 |
Mainstreet Organization Of Realtors Downers Grove, IL | $23,598,352 | $9,176,226 |
Rochester Mn Convention & Visitors Bureau Rochester, MN | $3,813,150 | $6,781,864 |
Builders Association Of The Twin Cities Roseville, MN | $16,664,252 | $7,996,813 |
International Society Of Transport Aircraft Traders Chicago, IL | $15,949,487 | $6,305,891 |
St Paul Area Board Of Realtors Inc Multiple Listing Service St Paul, MN | $14,704,848 | $6,091,315 |
Better Business Bureau Of Minnesota Inc Burnsville, MN | $5,220,297 | $4,952,353 |
Better Business Bureau Of Greater St Louis Inc St Louis, MO | $4,281,553 | $5,139,066 |