Norfolk Area Visitors Bureau
- Assets
- $157.9k
- Revenue
- $352.0k
- Investments
- $0.0
- Employees
- 4
- Location
- Norfolk, NE
- Founding
- 02/2013
- Data as of
- 12/2021
- EIN
- 45-2099017
Organization Overview
Norfolk Area Visitors Bureau is located in Norfolk, NE. The organization was established in 2013. According to its NTEE Classification (S41) the organization is classified as: Chambers of Commerce & Business Leagues, under the broad grouping of Community Improvement & Capacity Building and related organizations. As of 12/2021, Norfolk Area Visitors Bureau employed 4 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Norfolk Area Visitors Bureau 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 12/2021, Norfolk Area Visitors Bureau generated $352.0k 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 (4.2%) each year. All expenses for the organization totaled $333.0k during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (4.6%) per year over the past 7 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
THE SPECIFIC PURPOSE OF THE CORPORATION IS TO PROMOTE, ENCOURAGE, AND ATTRACT VISITORS TO COME TO THE NORFOLK AREA, AND TO USE THE TRAVEL AND TOURISM FACILITIES THEREIN.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE NORFOLK AREA VISITORS BUREAU HELPS ORGANIZE AND PROMOTE EVENTS AND ATTRACTIONS IN THE NORFOLK, NEBRASKA AREA.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Traci Jeffrey Executive Di | Officer | 40 | $68,016 |
Mary Colfack Vice Chair/s | OfficerTrustee | 1 | $0 |
Camy Reeves Chair/treasu | OfficerTrustee | 1 | $0 |
Susan Buskohl Board Member | Trustee | 1 | $0 |
Janie Engelby Board Member | Trustee | 1 | $0 |
Gene Walker Board Member | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $344,718 |
| All other contributions, gifts, grants, and similar amounts not included above | $1,681 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $346,399 |
| Total Program Service Revenue | $0 |
| Investment income | $0 |
| 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 | $352,047 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $23,452 |
| 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. | $70,056 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $96,833 |
| Pension plan accruals and contributions | $2,905 |
| Other employee benefits | $0 |
| Payroll taxes | $12,895 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $7,150 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $63,014 |
| Office expenses | $17,603 |
| Information technology | $3,303 |
| Royalties | $0 |
| Occupancy | $14,480 |
| Travel | $6,176 |
| 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 | $0 |
| Insurance | $1,316 |
| All other expenses | $0 |
| Total functional expenses | $333,043 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $157,860 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| 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 | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $157,860 |
| Accounts payable and accrued expenses | $6,307 |
| 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 | $6,307 |
| Net assets without donor restrictions | $0 |
| 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 | $151,553 |
| Total liabilities and net assets/fund balances | $157,860 |
Grants Awarded
Over the last fiscal year, Norfolk Area Visitors Bureau has awarded $56,391 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
Norfolk, NE PURPOSE: Indoor Recreation | $29,575 |
Lincoln, NE PURPOSE: Hosting School Events | $26,816 |
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|---|---|---|
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Mgma-Acmpe Englewood, CO | $54,755,762 | $36,087,217 |
St John Building Corporation St Louis, MO | $229,726,241 | $17,258,959 |
Mountain States Employers Council Inc Denver, CO | $41,916,661 | $36,504,782 |
Vail Valley Foundation Inc Avon, CO | $22,993,237 | $18,789,291 |
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Scrum Alliance Inc Westminster, CO | $46,979,666 | $21,000,085 |
Investment Management Consultants Assn Inc Greenwood Village, CO | $30,192,603 | $13,414,601 |
International Association Of Certified Home Inspectors Boulder, CO | $7,671,295 | $15,005,233 |