Greater Morgantown Convention And Visitors Bureau Inc
- Assets
- $1.4m
- Revenue
- $1.8m
- Investments
- $0.0
- Employees
- 15
- Location
- Morgantown, WV
- Founding
- 06/1986
- Data as of
- 12/2022
- EIN
- 55-0658922
Organization Overview
Greater Morgantown Convention And Visitors Bureau Inc, operating under the name Visit Mountaineer Country Cvb, is located in Morgantown, WV. The organization was established in 1986. 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 12/2022, Visit Mountaineer Country Cvb employed 15 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Visit Mountaineer Country Cvb 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 12/2022, Visit Mountaineer Country Cvb generated $1.8m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 3.7% each year. All expenses for the organization totaled $1.7m during the year ending 12/2022. 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
THE ORGANIZATION SEEKS TO CREATE A POSITIVE ECONOMIC IMPACT ON THE GREATER MORGANTOWN AREA BY MARKETING TO VISITORS THROUGH SPECIAL EVENTS AND GROUP TOUR MARKETS. WE INFORM, EDUCATE, AND ADVISE VISITORS SO THEIR TIME IN GREATER MORGANTOWN IS WELL PLANNED AND REMEMBERED.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE ORGANIZATION ACCOMPLISHED ITS GOALS BY; ADVISING AND SUPPORTING COMMUNITY PARTNERS THAT MARKET AND SELL SERVICES TO VISITORS, SUPPORTING THE DEVELOPMENT AND IMPLEMENTATION OF THE MARKETING PLAN, SUPPORTING THE MARKETING STRATEGIES OF THE WV DIVISION OF TOURISM, CULTIVATING A WORLD-CLASS TRAVEL AND TOURISM INDUSTRY THROUGH EXPANSION OF TOURISM BUSINESSES AND PROMOTION OF A POSITIVE IMAGE THEREBY IMPROVING THE WAY OF LIFE FOR CITIZENS OF THE MOUNTAINEER COUNTRY TOURISM REGION.
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Susan Riddle President & CEO | Officer | 40 | $152,926 |
Frank Demarco Secretary | OfficerTrustee | 1 | $0 |
Kerry Gnik Chair | OfficerTrustee | 1 | $0 |
Aly Goodwin-Gregg Vice-Chair | OfficerTrustee | 1 | $0 |
Craig Walker Treasurer | OfficerTrustee | 1 | $0 |
Christian Miller Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $1,823,271 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,823,271 |
| Total Program Service Revenue | $0 |
| Investment income | $295 |
| 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 | $1,833,902 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $254,139 |
| 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. | $152,926 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $329,578 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $27,556 |
| Payroll taxes | $37,052 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $7,600 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $47,847 |
| Information technology | $10,975 |
| Royalties | $0 |
| Occupancy | $91,239 |
| Travel | $5,009 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $8,464 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $20,809 |
| Insurance | $5,574 |
| All other expenses | $21,170 |
| Total functional expenses | $1,706,633 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $566,866 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $200,374 |
| 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 | $18,594 |
| Net Land, buildings, and equipment | $151,641 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $469,668 |
| Total assets | $1,407,143 |
| Accounts payable and accrued expenses | $63,425 |
| Grants payable | $0 |
| Deferred revenue | $56,440 |
| 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 | $480,713 |
| Total liabilities | $600,578 |
| Net assets without donor restrictions | $806,565 |
| 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 | $1,407,143 |
Grants Awarded
Over the last fiscal year, Greater Morgantown Convention And Visitors Bureau Inc has awarded $138,780 in support to 5 organizations.
| Grant Recipient | Amount |
|---|---|
MORGANTOWN POST 2 BASEBALL INC PURPOSE: TOURISM EVENT | $36,280 |
Morgantown, WV PURPOSE: TOURISM EVENT | $35,330 |
CITY OF MORGANTOWN PURPOSE: EVENT RECRUITMENT & SUPPORT | $25,000 |
GUIDON CREATIVE PURPOSE: TOURISM EVENT | $22,180 |
MYLAN PARK PROPERTIES PURPOSE: TOURISM EVENT | $19,990 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Greater Morgantown Convention And Visitors Bureau Inc has recieved totaling $50,000.
| Awarding Organization | Amount |
|---|---|
West Virginia University Hospitals Inc Morgantown, WV PURPOSE: Support | $50,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Pidc Financing Corp Philadelphia, PA | $6,556,052 | $18,403,713 |
Purchase Area Development District Inc Mayfield, KY | $0 | $14,269,202 |
The Convention And Visitors Bureau Of Greater Cleveland Inc Cleveland, OH | $25,296,918 | $17,425,666 |
Ridc Regional Growth Fund Pittsburgh, PA | $36,670,171 | $9,947,122 |
Columbus Downtown Development Corporation Columbus, OH | $118,710,723 | $12,117,471 |
Delaware County Economic Development Oversight Board Media, PA | $2,255,958 | $10,697,300 |
East Baltimore Development Inc Baltimore, MD | $12,751,192 | $30,262,944 |
Alleghenies Planning And Development Commission Altoona, PA | $25,721,818 | $9,986,298 |
Alexandria Economic Development Partnership Inc Alexandria, VA | $1,919,174 | $9,268,061 |
Montgomery County Economic Development Corporation Rockville, MD | $2,827,028 | $7,933,113 |
Greater Philadelphia Tourism Marketing Corporation Philadelphia, PA | $11,403,385 | $8,019,397 |
Lawrence Economic Development Corporation South Point, OH | $62,339,240 | $9,945,474 |