Greater Phoenix Convention & Visitors Bureau
- Assets
- $18.9m
- Revenue
- $16.1m
- Investments
- $0.0
- Employees
- 92
- Location
- Phoenix, AZ
- Founding
- 05/1968
- Data as of
- 06/2022
- EIN
- 86-0224211
Organization Overview
Greater Phoenix Convention & Visitors Bureau is located in Phoenix, AZ. The organization was established in 1968. 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 06/2022, Greater Phoenix Convention & Visitors Bureau employed 92 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Greater Phoenix Convention & 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, Greater Phoenix Convention & Visitors Bureau generated $16.1m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 0.7% each year. All expenses for the organization totaled $16.8m during the year ending 06/2022. While expenses have increased by 1.8% 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
TO ENHANCE THE ECONOMY OF PHOENIX THROUGH THE PROMOTION OF TOURISM AND CONVENTION BUSINESS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
MARKETING/COMMUNICATIONS - ADVERTISING CAMPAIGN FOR CONVENTIONS, VISITORS, AND MEMBERS.
COMMUNITY DEVELOPMENT - PROMOTES THE CITY OF PHOENIX.
CONVENTIONS - INCLUDES CONVENTION SALES, SERVICES, AND HOUSING OF INCOMING CONVENTIONS.
TOURISM AND VISITORS SERVICES AND CONCIERGE CENTER- PROMOTES TOURISM IN THE CITY OF PHOENIX AND PROVIDES VISITOR SERVICES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
George Dean Director | Trustee | 1 | $0 |
Jodi Noble Director | Trustee | 1 | $0 |
Manny Molina Vice Chair/secretary Treasurer | OfficerTrustee | 1 | $0 |
Rich Dozer Immediate Past Chair | OfficerTrustee | 1 | $0 |
Derrick Hall Director | Trustee | 1 | $0 |
Ray Schey Director | Trustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Off Madison Avenue Advertising Agency | 6/29/22 | $2,050,386 |
Phoenix Local Organizing Committee Final Four Sponsorship | 6/29/22 | $650,430 |
Az Super Bowl Host Committee Super Bowl | 6/29/22 | $601,798 |
Sunshine & Bourbon Marketing | 6/29/22 | $362,522 |
Oh Partners Advertising | 6/29/22 | $210,560 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $777,793 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $359,749 |
| All other contributions, gifts, grants, and similar amounts not included above | $11,196 |
| Noncash contributions included in lines 1a–1f | $11,196 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,148,738 |
| Total Program Service Revenue | $14,893,631 |
| Investment income | $26,906 |
| 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 | $16,123,618 |
| 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. | $1,040,358 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $4,970,112 |
| Pension plan accruals and contributions | $327,936 |
| Other employee benefits | $464,485 |
| Payroll taxes | $379,136 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $6,286 |
| Fees for services: Accounting | $21,250 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $328,143 |
| Advertising and promotion | $6,971,750 |
| Office expenses | $129,677 |
| Information technology | $263,781 |
| Royalties | $0 |
| Occupancy | $669,725 |
| Travel | $603,756 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $112,172 |
| Insurance | $0 |
| All other expenses | $3,561 |
| Total functional expenses | $16,814,193 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $11,870,165 |
| Savings and temporary cash investments | $3,457,816 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $2,258,115 |
| 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 | $352,629 |
| Net Land, buildings, and equipment | $469,034 |
| Investments—publicly traded securities | $449,669 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $18,857,428 |
| Accounts payable and accrued expenses | $2,579,989 |
| Grants payable | $0 |
| Deferred revenue | $1,231,093 |
| 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 | $930,214 |
| Total liabilities | $4,741,296 |
| Net assets without donor restrictions | $14,116,132 |
| 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 | $18,857,428 |