Greater Wilmington Convention & Visitors Bureau Inc
- Assets
- $1.2m
- Revenue
- $2.2m
- Investments
- $0.0
- Employees
- 8
- Location
- Wilmington, DE
- Founding
- 00/0000
- Data as of
- 06/2023
- EIN
- 51-0253102
Organization Overview
Greater Wilmington Convention & Visitors Bureau Inc is located in Wilmington, DE. The organization was established in 0000. 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 06/2023, Greater Wilmington Convention & Visitors Bureau Inc employed 8 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Greater Wilmington Convention & 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 06/2023, Greater Wilmington Convention & Visitors Bureau Inc generated $2.2m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 4.5% each year. All expenses for the organization totaled $2.2m during the year ending 06/2023. While expenses have increased by 3.4% 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
TO ENCOURAGE ECONOMIC DEVELOPMENT BY ATTRACTING VISITORS TO WILMINGTON, DELAWARE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
AS THE DESTINATION MARKETING ORGANIZATION, THE GWCVB'S VISION IS TO BE THE MOST COMPREHENSIVE, CONVENIENT AND BEST-KNOWN SOURCE OF INFORMATION FOR VISITORS, MEETING PLANNERS AND PEOPLE WANTING TO RELOCATE. WE HAVE A STATE-OF-THE-ART WEBSITE AND PRODUCE A VISITOR'S GUIDE AS PART OF OUR MARKETING TOOLS TO ATTRACT MORE VISITORS AND BUSINESS TO THE AREA.
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Bill Sullivan Chtp Chairman | OfficerTrustee | 5 | $0 |
Halsey Spruance Second Vice-Chair | OfficerTrustee | 2 | $0 |
John Sarro Secretary | OfficerTrustee | 2 | $0 |
Brad Wenger Treasurer | OfficerTrustee | 3 | $0 |
Steven R Chambliss Marketing Comm Chair | OfficerTrustee | 2 | $0 |
Bill Silva Govt Affairs Comm. Chair | OfficerTrustee | 2 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Simpleview On-line Marketing | 6/29/19 | $270,091 |
Comcast Spotlight Advertising | 6/29/19 | $140,961 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $56,850 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $630,301 |
| All other contributions, gifts, grants, and similar amounts not included above | $1,459,228 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $2,146,379 |
| Total Program Service Revenue | $67,784 |
| Investment income | $13,271 |
| 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 | $2,248,502 |
| 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. | $107,101 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $296,327 |
| Pension plan accruals and contributions | $7,317 |
| Other employee benefits | $41,651 |
| Payroll taxes | $29,929 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $11,798 |
| Fees for services: Accounting | $71,216 |
| Fees for services: Lobbying | $5,000 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $1,368,159 |
| Office expenses | $29,389 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $33,423 |
| Travel | $87,961 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $67 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $8,771 |
| Insurance | $8,463 |
| All other expenses | $16,564 |
| Total functional expenses | $2,237,031 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $1,212,489 |
| 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 | $15,792 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $1,228,281 |
| Accounts payable and accrued expenses | $16,460 |
| 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 | $16,460 |
| Net assets without donor restrictions | $1,120,211 |
| Net assets with donor restrictions | $91,610 |
| 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 | $1,228,281 |