Salinas Valley Tvb Inc
- Assets
- $166.6k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 9
- Location
- Salinas, CA
- Founding
- 08/2011
- Data as of
- 12/2021
- EIN
- 45-1744745
Organization Overview
Salinas Valley Tvb Inc is located in Salinas, CA. The organization was established in 2011. 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 12/2021, Salinas Valley Tvb Inc employed 9 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Salinas Valley Tvb Inc is a 501(c)(4) and as such, is described as a "Civic League, Social Welfare Organization, and Local Association of Employees" by the IRS.
For the year ending 12/2021, Salinas Valley Tvb Inc generated $164.7k 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 (5.7%) each year. All expenses for the organization totaled $192.8k during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (1.8%) 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
SALINAS VALLEY TVB, INC. HAS BEEN FORMED TO BE THE AWARDEE OF THE AWARD FROM THE STATE OF CALIFORNIA FOR THE ESTABLISHMENT AND OPERATION OF A CALIFORNIA WELCOME CENTER IN SALINAS, CALIFORNIA. THE SALINAS WELCOME CENTER WILL PROVIDE SERVICES TO TRAVELERS VISITING THE AREAS OF SANTA CRUZ, MONTEREY AND SAN BENITO COUNTIES. SPECIFICALLY, THE WELCOME CENTER WILL PROVIDE INFORMATION ON LOCAL ATTRACTIONS, TICKET SALES TO ENTERTAINMENT AND SPORTING EVENTS OCCURRING IN THE AREA, AND INFORMATION FOR LODGING AND ACCOMODATIONS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Craig Kaufman Executive Dir. | 45 | $70,500 | |
Colleen Bailey Secretary/treas | 2 | $0 | |
Don Chapin Jr President | 2 | $0 | |
Matthew W Ottone Director | 1 | $0 | |
Ricky Cabrera Director | 1 | $0 | |
Brigid Mcgrath Massie Director | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $164,661 |
| Total Program Service Revenue | $0 |
| Membership dues | $0 |
| Investment income | $0 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $164,661 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $85,887 |
| Professional fees and other payments to independent contractors | $21,958 |
| Occupancy, rent, utilities, and maintenance | $26,089 |
| Printing, publications, postage, and shipping | $211 |
| Other expenses | $58,629 |
| Total expenses | $192,774 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $29,899 |
| Other assets | $0 |
| Total assets | $166,609 |
| Total liabilities | $0 |
| Net assets or fund balances | $166,609 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
San Diego Convention And Tourist Bureau San Diego, CA | $10,248,135 | $28,266,235 |
Cdc Small Business Finance Corp San Diego, CA | $123,395,668 | $31,738,512 |
Mission Economic Development Agency San Francisco, CA | $193,556,070 | $20,206,962 |
San Francisco Travel Association San Francisco, CA | $17,687,275 | $15,738,684 |
Citadel Economic Development Corporation San Bernardino, CA | $7,215,242 | $16,438,545 |
Greater Phoenix Convention & Visitors Bureau Phoenix, AZ | $19,191,750 | $16,242,591 |
Long Beach Area Convention And Visitors Bureau Inc Long Beach, CA | $4,784,571 | $9,189,036 |
San Luis Obispo Visitors & Conference Bureau Incorporated San Luis Obispo, CA | $7,302,521 | $9,818,447 |
Smcu Community Fund Redwood City, CA | $1,513,371 | $6,964,137 |
Maui Economic Development Board Inc Medb Kihei, HI | $10,649,362 | $7,742,311 |
Greater Phoenix Economic Council Phoenix, AZ | $6,926,984 | $7,545,492 |
Santa Monica Travel & Tourism Santa Monica, CA | $2,868,308 | $7,126,411 |