Dubuque Area Convention And Visitors Bureau
- Assets
- $1.4m
- Revenue
- $1.6m
- Investments
- $0.0
- Employees
- 13
- Location
- Dubuque, IA
- Founding
- 02/2015
- Data as of
- 06/2022
- EIN
- 46-3010125
Organization Overview
Dubuque Area Convention And Visitors Bureau is located in Dubuque, IA. The organization was established in 2015. According to its NTEE Classification (S40) the organization is classified as: Business & Industry, under the broad grouping of Community Improvement & Capacity Building and related organizations. As of 06/2022, Dubuque Area Convention And Visitors Bureau employed 13 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Dubuque Area Convention And 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 06/2022, Dubuque Area Convention And Visitors Bureau generated $1.6m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 3.7% each year. All expenses for the organization totaled $1.4m during the year ending 06/2022. While expenses have increased by 1.9% 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.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
PROMOTION AND DEVELOPMENT TO ENHANCE AND EXPAND THE DUBUQUE AREA
Describe the Organization's Program Activity:
Part 3 - Line 4a
IN JULY OF 2013, THE DUBUQUE AREA CONVENTION & VISITORS BUREAU (CVB) BEGAN AS ITS OWN ORGANIZATION; OPERATING AS A DESTINATION MARKETING ORGANIZATION WHOSE SOLE FOCUS IS PROVIDING AND ADVOCATING FOR A STRENGTHENED TOURISM INFRASTRUCTURE FOR BOTH VISITORS AND PARTNERS. IN 2020, CONVENTION DELEGATES, SPORTING GROUPS, GROUP TOURS, FAMILY REUNIONS, AND INDIVIDUAL TRAVELERS SPENT $281.02 MILLION IN DUBUQUE COUNTY. WITH THIS ECONOMIC IMPACT ANNUALLY, THE TOURISM INDUSTRY HAS BEEN RECOGNIZED AS AN INTEGRAL COMPONENT IN THE DEVELOPMENT AND CONTINUED PROSPERITY OF THE DUBUQUE REGION. FOLLOWING THE COVID-19 PANDEMIC, WE SAW A DECLINE OF 29% IN TRAVEL RELATED EXPENDITURES ACROSS THE COUNTY IN 2020 COMPARED TO 2019. OUR GOAL IS TO ENACT A YEAR-LONG MULTI-CHANNEL MARKETING STRATEGY AND TO WORK COLLABORATIVELY WITH OUR PARTNERS AND LEVERAGE THEM TO GET EXPENDITURES BACK TO AND EXCEED WHERE THEY'VE BEEN IN PAST YEARS. THE DUBUQUE AREA CONVENTION AND VISITORS BUREAU ACTIVELY ENGAGES THE GENERAL PUBLIC TO VISIT, EXPLORE, AND SPEND THE NIGHT IN OUR COMMUNITY AT A HOTEL/MOTEL SO THAT WE CAN CONTINUE TO ENHANCE THE INDIVIDUAL'S EXPERIENCE. THROUGH THIS PROCESS WE GENERATE HOTEL/MOTEL TAX WHICH ALLOWS OUR COMMUNITY TO CONTINUE THE PROCESS OF GENERATING MONEY TO FURTHER THE PROMOTION OF OUR COMMUNITY TO VISITORS AND CONTINUE THE PROCESS OF GROWING OUR COMMUNITY THROUGH THE IMPROVEMENTS MADE TO OUR STREETS, PARKS, AND OVERALL CITY AMENITIES FOR OUR CITIZENS. OUR OFFICE HELPED FACILITATE THE 2021 MLB GAME AT THE FIELD OF DREAMS, CREATED DIGITAL PASSPORTS (HOPS & VINES) TO ENCOURAGE TRAVEL, FACILITATING SUCCESSFUL AND SAFE EVENTS IN THE AREA THROUGH OUR SPORTS COMMISSION. WE ALSO HOSTED THE MUCH-ANTICIPATED SISTER CITY PHOTO EXHIBIT, WHICH FOR A FIRST-TIME EVENT WAS A HUGE SUCCESS IN SHOWCASING TO THE COMMUNITY THE CITY OF DUBUQUE'S SISTER CITIES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Keith Rahe President & CEO | Officer | 40 | $147,855 |
Sara Hanten Vice President Of Operations | Officer | 40 | $77,587 |
Tom Wagner Chair As Of April 2022 | OfficerTrustee | 10 | $0 |
Wendy Runde Treasurer | OfficerTrustee | 10 | $0 |
Chad Wagener Chair Until March 2022 | OfficerTrustee | 10 | $0 |
Connie Hodge Vice Chair | OfficerTrustee | 10 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $247,307 |
| All other contributions, gifts, grants, and similar amounts not included above | $7,500 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $254,807 |
| Total Program Service Revenue | $1,358,967 |
| Investment income | $552 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$1,292 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $11,932 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,624,966 |
| 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. | $262,461 |
| Compensation of current officers, directors, key employees. | $174,418 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $371,154 |
| Pension plan accruals and contributions | $14,429 |
| Other employee benefits | $51,008 |
| Payroll taxes | $43,897 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $12,759 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $314,167 |
| Office expenses | $22,463 |
| Information technology | $14,131 |
| Royalties | $0 |
| Occupancy | $55,140 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $360 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $19,481 |
| Insurance | $6,984 |
| All other expenses | $0 |
| Total functional expenses | $1,431,486 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $835,405 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $26,162 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $8,386 |
| Prepaid expenses and deferred charges | $2,500 |
| Net Land, buildings, and equipment | $259,552 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $306,462 |
| Total assets | $1,438,467 |
| Accounts payable and accrued expenses | $94,578 |
| Grants payable | $0 |
| Deferred revenue | $19,480 |
| 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 | $6,873 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $306,462 |
| Total liabilities | $427,393 |
| Net assets without donor restrictions | $1,011,074 |
| 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 | $1,438,467 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Dubuque Area Convention And Visitors Bureau has recieved totaling $7,500.
| Awarding Organization | Amount |
|---|---|
Dubuque Racing Association Ltd Dubuque, IA PURPOSE: CONFERENCE ROOM AV SYSTEM | $7,500 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Midway Airlines Terminal Consortium Chicago, IL | $5,016,144 | $16,801,841 |
Initiative Foundation Little Falls, MN | $95,633,483 | $21,753,358 |
Southwest Initiative Foundation Hutchinson, MN | $108,678,960 | $12,722,630 |
Julie Inc Joliet, IL | $17,181,914 | $10,586,687 |
International Accreditation Service Inc Country Club Hills, IL | $30,369,423 | $13,023,651 |
Better Business Bureau Of Chicago And Northern Illinois Inc Chicago, IL | $9,345,951 | $7,242,725 |
Somercor 504 Inc Chicago, IL | $3,029,721 | $5,498,037 |
Midwest Minnesota Community Development Corporation Detroit Lakes, MN | $81,373,559 | $8,284,111 |
Chicago Minority Supplier Development Council Inc Chicago, IL | $1,146,742 | $3,861,380 |
The International Joint Commission On Allied Health Personnel In Opht St Paul, MN | $4,513,334 | $4,493,708 |
Sdco 2121 Belmont Inc Chicago, IL | $50,394,223 | $3,094,881 |
American Academy Of Emergency Medicine Inc Milwaukee, WI | $5,226,963 | $3,404,237 |