Form 990 for tax year 2023
Filed by CHATTANOOGA AREA CONVENTION AND VISITORS BUREAU INC.
Totals
- Total revenue
- $12,382,529
- Total expenses
- $13,062,044
- Contributions and grants received
- $10,626,225
- Grants paid
- $300,000
- Program service revenue
- $1,703,700
- Investment income
- $38,498
- Other revenue
- $14,106
- Total assets, end of year
- $8,438,027
- Total liabilities, end of year
- $3,373,926
- Net assets or fund balances, end of year
- $5,064,101
- Program services expenses (Part IX)
- $11,677,873
- Management and general expenses
- $1,384,171
- Fundraising expenses
- $0
- Program service expenses (Part III)
- $11,677,873
Program services were 89.4% 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.
-
1e · Government grants (contributions)
$10,626,225
-
2a · Program service revenue: SHOWS/FAM & COLLATERAL
total $905,246 · related or exempt $905,246
-
2b · Program service revenue: CO-OP ADVERTISING
total $379,158 · related or exempt $379,158
-
2c · Program service revenue: PARTNERSHIPS
total $282,796 · related or exempt $282,796
-
2d · Program service revenue: VISITORS GUIDE ADS
total $136,500 · related or exempt $136,500
-
3 · Investment income
total $38,498 · excluded $38,498
-
11a · Other revenue: MISCELLANEOUS
total $14,106 · related or exempt $14,106
-
11e · Other revenue, total
$14,106
Functional expenses
Part IX, the statement of functional expenses.
-
1 · Grants to domestic organizations and governments
total $300,000 · program services $300,000
-
5 · Compensation of officers, directors and key employees
total $973,243 · program services $910,432 · management and general $62,811
-
7 · Other salaries and wages
total $1,913,787 · program services $1,024,634 · management and general $889,153
-
8 · Pension plan contributions
total $145,059 · program services $98,930 · management and general $46,129
-
9 · Other employee benefits
total $293,246 · program services $233,434 · management and general $59,812
-
10 · Payroll taxes
total $215,949 · program services $156,876 · management and general $59,073
-
11g · Fees: other
total $2,865 · program services $2,166 · management and general $699
-
12 · Advertising and promotion
total $4,866,683 · program services $4,852,208 · management and general $14,475
-
13 · Office expenses
total $193,401 · program services $193,401
-
14 · Information technology
total $14,286 · program services $14,286
-
16 · Occupancy
total $507,281 · program services $422,499 · management and general $84,782
-
17 · Travel
total $240,904 · program services $218,508 · management and general $22,396
-
22 · Depreciation, depletion and amortization
total $69,863 · program services $56,701 · management and general $13,162
-
23 · Insurance
total $79,865 · program services $79,865
-
24a · Other expenses: SPONSORSHIPS
total $1,750,540 · program services $1,726,833 · management and general $23,707
-
24b · Other expenses: GUARANTEES/RIGHTS
total $333,634 · program services $333,634
-
24c · Other expenses: RESEARCH & REPORTING
total $255,668 · program services $252,091 · management and general $3,577
-
24d · Other expenses: COLLATERAL MATERIAL
total $216,875 · program services $216,875
-
24e · All other expenses
total $688,895 · program services $584,500 · management and general $104,395
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $5,443,326 · end of year $3,902,526
-
4 · Accounts receivable
beginning of year $1,907,232 · end of year $1,766,479
-
9 · Prepaid expenses and deferred charges
beginning of year $135,755 · end of year $192,525
-
10a · Land, buildings and equipment: cost or other basis
$824,028
-
10b · Land, buildings and equipment: accumulated depreciation
$244,173
-
10c · Land, buildings and equipment, net
beginning of year $629,671 · end of year $579,855
-
15 · Other assets
beginning of year $1,468 · end of year $1,996,642
-
17 · Accounts payable and accrued expenses
beginning of year $2,346,554 · end of year $1,253,530
-
19 · Deferred revenue
beginning of year $27,282 · end of year $52,832
-
25 · Other liabilities
beginning of year $0 · end of year $2,067,564
-
27 · Net assets without donor restrictions
beginning of year $5,743,616 · end of year $5,064,101
Mission and programs · 2023
Mission
TO PROMOTE TOURISM AND CONVENTIONS IN THE LOCAL CHATTANOOGA AREA
-
TO PROMOTE TOURISM AND CONVENTIONS IN THE LOCAL CHATTANOOGA AREA
Expenses $11,286,006 · Grants $300,000
-
TO IMPROVE AWARENESS OF LOCAL REGION AND AREA ATTRACTIONS THROUGH USE OF PROMOTIONAL MAILERS AND MARKET RESEARCH
Expenses $391,867 · Revenue $1,717,806
As filed on the 2023 return.
Listed in Part VII
-
Keith SanfordKEITH SANFORD
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1 + 5 related
-
Elizabeth WilliamsELIZABETH WILLIAMS
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1 + 5 related
-
Chip BakerCHIP BAKER
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1 + 5 related
-
Evann FreemanEVANN FREEMAN
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1 + 5 related
-
Ken DefoorKEN DEFOOR
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1 + 5 related
-
Emily MackEMILY MACK
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1 + 5 related
-
Patty MartinezPATTY MARTINEZ
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1 + 5 related
-
Erik NeilERIK NEIL
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1 + 5 related
-
Weston WampWESTON WAMP
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1 + 5 related
-
Rebecca AshfordREBECCA ASHFORD
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1 + 5 related
-
Darik DawesDARIK DAWES
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1 + 5 related
-
Lisa MaragnanoLISA MARAGNANO
SECRETARY/TREASURER
- Total calculated
- $0
- Hours/week
- 1 + 5 related
-
Hugh MorrowHUGH MORROW
CHAIRMAN
- Total calculated
- $0
- Hours/week
- 1 + 5 related
-
Johnny O'BrienJOHNNY O'BRIEN
VICE CHAIR
- Total calculated
- $0
- Hours/week
- 1 + 5 related
-
Timothy MorganTIMOTHY MORGAN
CHIEF SPORTS OFFICER
- Total calculated
- $216,652
- From this org
- $183,157
- From related orgs
- $0
- Other
- $33,495
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $145,005
- Bonus
- $36,251
- Other
- $1,901
- Deferred
- $11,290
- Nontaxable benefits
- $22,205
- Filer's total
- $216,652
-
Brian MurphyBRIAN MURPHY
CHIEF DEVELOPMENT OFFICER
- Total calculated
- $211,835
- From this org
- $179,118
- From related orgs
- $0
- Other
- $32,717
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $141,672
- Bonus
- $35,418
- Other
- $2,028
- Deferred
- $10,367
- Nontaxable benefits
- $22,350
- Filer's total
- $211,835
-
Barry WhiteBARRY WHITE
CHIEF EXECUTIVE OFFICER
- Total calculated
- $316,861
- From this org
- $281,963
- From related orgs
- $0
- Other
- $34,898
- Hours/week
- 40 + 5 related
Schedule J breakdown matched by us
- Base
- $222,748
- Bonus
- $56,340
- Other
- $2,875
- Deferred
- $17,393
- Nontaxable benefits
- $17,505
- Filer's total
- $316,861
-
Susan HarrisSUSAN HARRIS
CHIEF OPERATING OFFICER
- Total calculated
- $248,887
- From this org
- $219,730
- From related orgs
- $0
- Other
- $29,157
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $173,221
- Bonus
- $43,305
- Other
- $3,204
- Deferred
- $9,069
- Nontaxable benefits
- $20,088
- Filer's total
- $248,887
-
David BlairDAVID BLAIR
CHIEF MARKETING OFFICER
- Total calculated
- $122,410
- From this org
- $109,273
- From related orgs
- $0
- Other
- $13,137
- Hours/week
- 40
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. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.
Schedule J
Answered yes
- 3 · Compensation committee
- 3 · Approval by the board or compensation committee
Answered no
- 4a · Severance or change-of-control payment
- 4b · Supplemental nonqualified retirement plan
- 4c · Equity-based compensation arrangement
- 5a · Pay contingent on this organization's revenues
- 5b · Pay contingent on a related organization's revenues
- 6a · Pay contingent on this organization's net earnings
- 6b · Pay contingent on a related organization's net earnings
- 7 · Other non-fixed payments
- 8 · Paid under the initial-contract exception
Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.
Grants on this return
-
$300,000
SUPPORT
Related organizations on this return
Schedule R Part II: tax-exempt organizations related to the filer by control. It does not record shared board members or money.
-
CHATTANOOGA TOURISM FOUNDATION
501(C)(3) · TO SUPPORT AND PROMOTE TOURISM- RELATED ACTIVITIES OF THE HAMILTON CO. AREA. · TN
Provenance
- Return type
- form_990
- Tax year
- 2023
- Filed
- 29 April 2024
- IRS schema version
- 2023v5.0
- Source object
- 202421239349301712
Check it against the return as filed: the GivingTuesday Data Lake hosts a public copy of the original XML.
The source document this was parsed from is served over the API, which is where bulk and document access live.