Form 990 for tax year 2024
Filed by ALBERT LEA CONVENTION AND VISITORS.
Totals
- Total revenue
- $328,005
- Total expenses
- $243,044
- Contributions and grants received
- $329,336
- Grants paid
- $0
- Program service revenue
- $0
- Investment income
- $1,770
- Other revenue
- -$3,101
- Total assets, end of year
- $415,687
- Total liabilities, end of year
- $4,675
- Net assets or fund balances, end of year
- $411,012
- Program services expenses (Part IX)
- $218,595
- Management and general expenses
- $24,449
- Fundraising expenses
- $0
- Program service expenses (Part III)
- $218,595
Program services were 89.9% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.
Line items
Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.
Revenue
Part VIII, the statement of revenue.
-
1f · All other contributions, gifts and grants
$329,336
-
3 · Investment income
total $1,770 · excluded $1,770
-
11a · Other revenue: AL RE FUND LP RENTAL LOSS
total -$3,101 · excluded -$3,101
-
11e · Other revenue, total
-$3,101
Functional expenses
Part IX, the statement of functional expenses.
-
7 · Other salaries and wages
total $93,896 · program services $79,812 · management and general $14,084
-
8 · Pension plan contributions
total $2,447 · program services $2,080 · management and general $367
-
9 · Other employee benefits
total $7,920 · program services $6,732 · management and general $1,188
-
10 · Payroll taxes
total $9,291 · program services $7,897 · management and general $1,394
-
11c · Fees: accounting
total $5,280 · management and general $5,280
-
12 · Advertising and promotion
total $34,591 · program services $34,591
-
13 · Office expenses
total $21,037 · program services $21,037
-
16 · Occupancy
total $16,075 · program services $14,245 · management and general $1,830
-
17 · Travel
total $2,040 · program services $1,734 · management and general $306
-
19 · Conferences, conventions and meetings
total $364 · program services $364
-
22 · Depreciation, depletion and amortization
total $631 · program services $631
-
23 · Insurance
total $8,511 · program services $8,511
-
24a · Other expenses: EVENT SUPPLIES-DOWNTOWN
total $11,964 · program services $11,964
-
24b · Other expenses: GRANTS PAID OUT
total $11,509 · program services $11,509
-
24c · Other expenses: ENTERTAINMENT
total $10,345 · program services $10,345
-
24d · Other expenses: MEMBERSHIP DUES
total $2,985 · program services $2,985
-
24e · All other expenses
total $4,158 · program services $4,158
Balance sheet
Part X, book values.
-
2 · Savings and temporary cash investments
beginning of year $317,892 · end of year $329,700
-
4 · Accounts receivable
end of year $76,296
-
10a · Land, buildings and equipment: cost or other basis
$32,168
-
10b · Land, buildings and equipment: accumulated depreciation
$31,586
-
10c · Land, buildings and equipment, net
beginning of year $673 · end of year $582
-
15 · Other assets
beginning of year $12,210 · end of year $9,109
-
17 · Accounts payable and accrued expenses
beginning of year $4,724 · end of year $4,675
-
27 · Net assets without donor restrictions
beginning of year $326,051 · end of year $411,012
Mission and programs · 2024
Mission
PROMOTE ALBERT LEA AREA AS TOURIST AND CONVENTION SITE.
-
PROMOTE ALBERT LEA AREA AS TOURIST AND CONVENTION SITE.
-
PROMOTE ALBERT LEA AREA AS TOURIST AND CONVENTION SITE.
Expenses $218,595
As filed on the 2024 return. The filer continues this part on Schedule O, which is not shown here.
Listed in Part VII
-
Doug OlsonDOUG OLSON
PRESIDENT
- Total calculated
- $0
-
Leiha ColbyLEIHA COLBY
VICE PRESIDE
- Total calculated
- $0
-
Cindy GolbuffCINDY GOLBUFF
SECRETARY
- Total calculated
- $0
-
Julia ThompsonJULIA THOMPSON
PAST PRESIDE
- Total calculated
- $0
Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those.
Grants on this return
No itemized grants to organizations on this return.
Provenance
- Return type
- form_990
- Tax year
- 2024
- Filed
- 10 March 2025
- IRS schema version
- 2024v5.0
- Source object
- 202500699349301230
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