Arlington Tourism Public Improvement District Corporation
- Assets
- $1.7m
- Revenue
- $2.7m
- Investments
- $0.0
- Employees
- 0
- Location
- Arlington, TX
- Founding
- 05/2018
- Data as of
- 09/2021
- EIN
- 81-4361038
Organization Overview
Arlington Tourism Public Improvement District Corporation is located in Arlington, TX. The organization was established in 2018. According to its NTEE Classification (J03) the organization is classified as: Professional Societies & Associations, under the broad grouping of Employment and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Arlington Tourism Public Improvement District Corporation 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 09/2021, Arlington Tourism Public Improvement District Corporation generated $2.7m in total revenue. This represents relatively stable growth, over the past 5 years the organization has increased revenue by an average of 3.9% each year. All expenses for the organization totaled $1.8m during the year ending 09/2021. 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 ARLINGTON PUBLIC IMPROVEMENT DISTRICT (THE TPID) AIMS TO IMPROVE CONVENTION AND GROUP HOTEL BOOKINGS AND HOTEL ROOM NIGHT CONSUMPTION IN THE CITY OF ARLINGTON, TEXAS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
ALL REVENUES GENERATED DURING THE YEAR ARE DERIVED THROUGH A 2% ASSESSMENT APPLIED TO HOTELS WITH 75 OR MORE ROOMS WITHIN THE DESIGNATED DISTRICT WITHIN THE CITY. TPID COMPENSATES CONVENTION GROUPS TO COME TO ARLINGTON VERSUS OTHER NEARBY CITIES AND MARKETS ARLINGTON DIRECTLY TO PEOPLE THAT ARE LOOKING FOR PLACES TO VISIT. BY BRINGING CONVENTION GROUPS AND TOURISTS TO ARLINGTON, SALES TAXES ARE RECEIVED FROM THESE GROUPS FROM FOOD AND BEVERAGE PURCHASES, HOTEL STAYS, TRANSPORTATION COSTS AND ENTERTAINMENT EXPERIENCES. TAXES COLLECTED FROM THESE NON-ARLINGTON GROUPS SAVES THE AVERAGE ARLINGTON RESIDENT NEARLY A THOUSAND DOLLARS ANNUALLY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Nancy Sorrells Secretary | OfficerTrustee | 1 | $0 |
Jim Brothers-From 62021 Int. CEO | OfficerTrustee | 6 | $0 |
Ron Price-Thru 62021 President & CEO | OfficerTrustee | 6 | $0 |
Jags Patel Vice Chair/trea | OfficerTrustee | 1 | $0 |
Stacey Snyder Chairman | OfficerTrustee | 1 | $0 |
Decima Cooper Vp-Marketing | Officer | 8 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Peter A Mayer Advertising Inc Advertising | 9/29/21 | $262,624 |
Esports Awards Ltd Events | 9/29/21 | $120,000 |
Jns Media Specialists Media | 9/29/21 | $343,400 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $598,466 |
| 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 | $598,466 |
| Total Program Service Revenue | $2,126,999 |
| Investment income | $1,231 |
| 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 | $2,726,696 |
| 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. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $44,483 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $8,750 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $19,500 |
| Advertising and promotion | $633,247 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $246,730 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $0 |
| All other expenses | $909 |
| Total functional expenses | $1,808,190 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,208,378 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $494,528 |
| 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 | $35,000 |
| 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 | $1,737,906 |
| Accounts payable and accrued expenses | $48,037 |
| 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 | $48,037 |
| Net assets without donor restrictions | $1,689,869 |
| 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 | $1,737,906 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Association Of County Commissioners Of Oklahoma Oklahoma City, OK | $3,621,402 | $2,128,000 |
Arlington Tourism Public Improvement District Corporation Arlington, TX | $1,737,906 | $2,726,696 |
Regional Black Contractors Association Of North Texas Inc Dallas, TX | $278,462 | $760,124 |
Women Steering Business Fort Worth, TX | $6,742 | $213,240 |
American Society For Training And Development Dallas, TX | $71,711 | $0 |
Austin Texas Musicians Austin, TX | $24,406 | $0 |
French Quarter Business League Metairie, LA | $8,376 | $0 |
Women Offshore Foundation Houston, TX | $28,165 | $49,412 |
Association For Room Escapes Of North America Highland Village, TX | $1,188 | $0 |
Pacs Administrators Registry And Certification Association Inc Denton, TX | $1,947 | $8,430 |
Great 100 Nurses Foundation Metairie, LA | $58,421 | $0 |
Corrections Professionals Assistance Fund Moore, OK | $1,879 | $0 |