Florida Tourism Industry Marketing Corporation Inc

Organization Overview

Florida Tourism Industry Marketing Corporation Inc, operating under the name Visit Florida, is located in Tallahassee, FL. The organization was established in 1996. According to its NTEE Classification (S01) the organization is classified as: Alliances & Advocacy, under the broad grouping of Community Improvement & Capacity Building and related organizations. As of 06/2021, Visit Florida employed 81 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Visit Florida 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 06/2021, Visit Florida generated $62.9m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 6 years, the organization has seen revenues fall by an average of (8.8%) each year. All expenses for the organization totaled $68.9m during the year ending 06/2021. As we would expect to see with falling revenues, expenses have declined by (7.2%) per year over the past 6 years. You can explore the organizations financials more deeply in the financial statements section below.

Since 2015, Visit Florida has awarded 96 individual grants totaling $5,784,998. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2021

Describe the Organization's Mission:

Part 3 - Line 1

TO PROMOTE VISITATION TO FLORIDA BY STRENGTHENING FLORIDA'S SHARE OF THE GLOBAL TRAVEL MARKET WITH THE GOAL OF MAXIMIZING THE ECONOMIC IMPACT OF TRAVEL AND TOURISM TO FLORIDA.

Describe the Organization's Program Activity:

Part 3 - Line 4a

ADVERTISING - VISIT FLORIDA CONDUCTS MULTI-CHANNEL MARKETING INITIATIVES TO REACH POTENTIAL VISITORS AND DRIVE VISITATION FROM TRAVELERS ALL ACROSS THE UNITED STATES AND INTERNATIONALLY. THESE INITIATIVES ARE MAINLY INTEGRATED MARKETING CAMPAIGNS THAT CONSIST OF ADVERTISING, PUBLIC RELATIONS, CONTENT DEVELOPMENT AND DISTRIBUTION, SPONSORSHIP, DIGITAL MARKETING AND SOCIAL MEDIA.ADVERTISING IMPACT: THE TOURISM INDUSTRY WAS RESPONSIBLE FOR WELCOMING 122.4 MILLION VISITORS IN 2021, WHICH MAKES THE INDUSTRY ONE OF THE LEADING TAX REVENUE AND JOBS PRODUCERS IN FLORIDA. BASED ON THE LATEST ECONOMIC IMPACT STUDY, FLORIDA VISITORS CONTRIBUTED $96.5 BILLION TO FLORIDA'S ECONOMY IN 2019, GENERATING $12.7 BILLION IN STATE AND LOCAL TAXES AND SUPPORTING 1.6 MILLION FLORIDA JOBS.VISITORS CONTRIBUTE AN AVERAGE OF $264 MILLION PER DAY TO FLORIDA'S ECONOMY. EVERY 81 VISITORS TO THE STATE SUPPORT ONE TOURISM JOB. VISIT FLORIDA HAS SIGNIFICANTLY CONTRIBUTED TO THE CONTINUED INCREASE IN VISITOR SPENDING, TAX REVENUE, AND JOB CREATION.FOR EVERY $1 THE STATE INVESTS IN VISIT FLORIDA, $3.27 IN TAX REVENUE IS RETURNED. IN FISCAL YEAR 2020-2021, 63.6 PERCENT OF VISITORS WERE SIGNIFICANTLY INFLUENCED BY VISIT FLORIDA MARKETING EFFORTS.


COOPERATIVE PROMOTIONAL PROGRAMS: VISIT FLORIDA ASSISTS INTERESTED PARTIES IN ORGANIZING FLORIDA PROMOTIONAL PACKAGES. IN RETURN FOR VISIT FLORIDA'S ASSISTANCE, VISIT FLORIDA AND OTHER PARTICIPANTS RECEIVE COMPLIMENTARY ADVERTISING IN VARIOUS PRINT, TELEVISION, DIGITAL AND RADIO MEDIA USED IN PROMOTING THE PACKAGE.


TRADE SHOWS: VISIT FLORIDA HOSTS THE ANNUAL GOVERNOR'S CONFERENCE ON TOURISM. THE CONFERENCE OUTLINES THE MARKETING PLAN, PROVIDES EDUCATIONAL SPEAKERS, VENDORS AND NETWORKING OPPORTUNITIES. VISIT FLORIDA HOSTS FLORIDA ENCOUNTER, AN APPOINTMENT-BASED SHOW WHERE MEETING PROFESSIONALS MEET WITH FLORIDA SUPPLIERS TO BOOK FUTURE BUSINESS. VISIT FLORIDA HOSTS FLORIDA HUDDLE, ANOTHER APPOINTMENT-BASED SHOW WHERE TOUR OPERATORS FROM ACROSS THE STATE MEET WITH DOMESTIC AND INTERNATIONAL BUYERS TO BOOK FUTURE BUSINESS. IN ADDITION TO THESE VISIT FLORIDA-OWNED TRADE SHOWS, THE MARKETING AND EVENTS DEPARTMENT WORKS CLOSELY WITH KEY TRAVEL AGENTS, TOUR OPERATORS AND MEETING PROFESSIONALS TO KEEP FLORIDA IN THE DESTINATION FOREFRONT. THEY ALSO ORGANIZE EDUCATIONAL SEMINARS, RESERVATION TRAINING, FAMILIARIZATION TOURS, TRADE SHOWS AND CONSUMER SHOWS AND INVITE THE FLORIDA INDUSTRY TO PARTICIPATE IN THESE EVENTS TO CREATE A LARGER FLORIDA PRESENCE.


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Outside Vendors & Contractors

Vendor Name (Service)Compensation
Tallahassee Corporate Center Llc
Office Rent
$506,379
National Cable Communications Llc
Digital Tv Advertising
$339,747
Development Councellors International L
Pr And Trade Services
$336,250
Modop Llc
Website Support
$288,500
Miles Media Group Lllp
Marketing
$2,039,946
View All Vendors

Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$0
Fundraising events$0
Related organizations$0
Government grants $54,640,732
All other contributions, gifts, grants, and similar amounts not included above$0
Noncash contributions included in lines 1a–1f $0
Total Revenue from Contributions, Gifts, Grants & Similar$54,640,732
Total Program Service Revenue$8,104,182
Investment income $49,673
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 $62,895,567

Grants Awarded

Over the last fiscal year, Florida Tourism Industry Marketing Corporation Inc has awarded $27,000 in support to 4 organizations.

Grant RecipientAmount

GADSDEN ARTS CENTER & MUSEUM

Org PageRecipient Profile

Quincy, FL

PURPOSE: SUPPORT PROGRAMS TO PROMOTE TOURISM TO FLORIDA

$7,000

GADSDEN ARTS CENTER & MUSEUM

Org PageRecipient Profile

Quincy, FL

PURPOSE: SUPPORT PROGRAMS TO PROMOTE TOURISM TO FLORIDA

$7,000

ROMANZA ST AUGUSTINE INC

Org PageRecipient Profile

Saint Augustine, FL

PURPOSE: SUPPORT PROGRAMS TO PROMOTE TOURISM TO FLORIDA

$6,500

ROMANZA ST AUGUSTINE INC

Org PageRecipient Profile

Saint Augustine, FL

PURPOSE: SUPPORT PROGRAMS TO PROMOTE TOURISM TO FLORIDA

$6,500
View Grant Profile

Grants Recieved

Over the last fiscal year, we have identified 2 grants that Florida Tourism Industry Marketing Corporation Inc has recieved totaling $40,750.

Awarding OrganizationAmount
Tampa Bay Convention & Visitors Bureau Inc

Tampa, FL

PURPOSE: EVENT SPONSORSHIPS

$35,750
Sarasota Convention And Visitors Bureau

Sarasota, FL

PURPOSE: SPONSORSHIP

$5,000
View Grant Recipient Profile

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