Form 990 for tax year 2023
Filed by BUFFALO NIAGARA CONVENTION & VISTORS BUREAU INC.
Totals
- Total revenue
- $4,659,388
- Total expenses
- $5,224,015
- Contributions and grants received
- $4,355,718
- Grants paid
- $0
- Program service revenue
- $239,393
- Investment income
- $58,729
- Other revenue
- $5,548
- Total assets, end of year
- $1,975,467
- Total liabilities, end of year
- $663,725
- Net assets or fund balances, end of year
- $1,311,742
- Program services expenses (Part IX)
- not reported
- Management and general expenses
- not reported
- Fundraising expenses
- not reported
- Program service expenses (Part III)
- not reported
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)
$4,355,718
-
2a · Program service revenue: ADVERTISING
total $152,230 · unrelated business $152,230
-
2b · Program service revenue: PRIVATE SECTOR PARTICI
total $78,453 · related or exempt $78,453
-
2c · Program service revenue: HOTEL ASSESSMENTS
total $8,710 · related or exempt $8,710
-
3 · Investment income
total $58,729 · excluded $58,729
-
11d · All other revenue
total $5,548 · excluded $5,548
-
11e · Other revenue, total
$5,548
Functional expenses
Part IX, the statement of functional expenses.
-
5 · Compensation of officers, directors and key employees
total $439,515
-
7 · Other salaries and wages
total $1,436,705
-
8 · Pension plan contributions
total $18,161
-
9 · Other employee benefits
total $137,229
-
10 · Payroll taxes
total $137,978
-
11g · Fees: other
total $130,616
-
12 · Advertising and promotion
total $1,894,294
-
13 · Office expenses
total $167,007
-
16 · Occupancy
total $148,611
-
17 · Travel
total $55,851
-
19 · Conferences, conventions and meetings
total $326,727
-
22 · Depreciation, depletion and amortization
total $16,425
-
24a · Other expenses: MARKET RESEARCH
total $158,213
-
24b · Other expenses: CONVENTION SERVICES
total $156,683
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $1,339,571 · end of year $227,663
-
2 · Savings and temporary cash investments
beginning of year $663,343 · end of year $1,014,222
-
4 · Accounts receivable
beginning of year $252,598 · end of year $393,784
-
9 · Prepaid expenses and deferred charges
beginning of year $211,798 · end of year $220,684
-
10a · Land, buildings and equipment: cost or other basis
$713,195
-
10b · Land, buildings and equipment: accumulated depreciation
$675,421
-
10c · Land, buildings and equipment, net
beginning of year $47,639 · end of year $37,774
-
15 · Other assets
beginning of year $174,375 · end of year $81,340
-
17 · Accounts payable and accrued expenses
beginning of year $293,547 · end of year $222,045
-
19 · Deferred revenue
beginning of year $200,792 · end of year $219,867
-
24 · Unsecured notes and loans payable
beginning of year $144,241 · end of year $140,473
-
25 · Other liabilities
beginning of year $174,375 · end of year $81,340
-
27 · Net assets without donor restrictions
beginning of year $1,876,369 · end of year $1,311,742
Mission and programs · 2023
Mission
TO MARKET AND PROMOTE THE REGION'S ASSETS AND ATTRACTIONS TO VISITORS OUTSIDE THE BUFFALO NIAGARA REGION AS A CONVENTION, TOURISM AND LEISURE DESTINATION FOR THE ECONOMIC BENEFIT OF THE COMMUNITY.
-
MARKET AND PROMOTE THE BUFFALO NIAGARA REGION AS A DESTINATION FOR VISITORS TO HOST ANNUAL MEETINGS, CONVENTIONS AND EVENTS.
-
MARKET AND PROMOTE THE ASSETS AND ATTRACTIONS THE BUFFALO NIAGARA REGION OFFERS AS A DESTINATION FOR VISITORS OUTSIDE OF THE REGION FOR THE ECONOMIC BENEFIT OF THE REGION.
As filed on the 2023 return.
Listed in Part VII
-
Cindy Abbott-LetroCINDY ABBOTT-LETRO
CHAIR
- Total calculated
- $0
- Hours/week
- 1 + 1.5 related
-
Patrick KalerPATRICK KALER
PRESIDENT
- Total calculated
- $296,001
- From this org
- $281,508
- From related orgs
- $0
- Other
- $14,493
- Hours/week
- 40 + 1.5 related
Schedule J breakdown matched by us
- Base
- $281,508
- Bonus
- $0
- Other
- $0
- Deferred
- $4,800
- Nontaxable benefits
- $9,693
- Filer's total
- $296,001
-
Huseyin TaranHUSEYIN TARAN
TREASURER
- Total calculated
- $0
- Hours/week
- 1 + 1.5 related
-
Mary F RobertsMARY F ROBERTS
IMMEDIATE PAST CHAIR
- Total calculated
- $0
- Hours/week
- 1 + 1.5 related
-
David MarzoDAVID MARZO
CFO
- Total calculated
- $143,514
- From this org
- $131,353
- From related orgs
- $0
- Other
- $12,161
- Hours/week
- 35 + 7 related
-
Thomas Beauford JrTHOMAS BEAUFORD JR
SECRETARY
- Total calculated
- $0
- Hours/week
- 1 + 1.5 related
-
Matthew ChiazzaMATTHEW CHIAZZA
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1 + 1.5 related
-
Michael EvenMICHAEL EVEN
VICE PRESIDENT SALES
- Total calculated
- $150,123
- From this org
- $138,008
- From related orgs
- $0
- Other
- $12,115
- Hours/week
- 38
Schedule J breakdown matched by us
- Base
- $138,008
- Bonus
- $0
- Other
- $0
- Deferred
- $2,424
- Nontaxable benefits
- $9,691
- Filer's total
- $150,123
-
Edward HealyEDWARD HEALY
VICE PRESIDENT MARKETING
- Total calculated
- $132,976
- From this org
- $118,476
- From related orgs
- $0
- Other
- $14,500
- Hours/week
- 40
-
Thomas LongTHOMAS LONG
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1 + 1.5 related
-
Kimberley MinkelKIMBERLEY MINKEL
VICE CHAIR
- Total calculated
- $0
- Hours/week
- 1 + 1.5 related
-
Steven RanalliSTEVEN RANALLI
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1 + 1.5 related
-
Donald SpasianoDONALD SPASIANO
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1 + 1.5 related
-
Gail WellsGAIL WELLS
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1 + 1.5 related
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
- 2 · Substantiation required before reimbursing expenses
- 3 · Compensation committee
- 3 · Written employment contract
Answered no
- 4a · Severance or change-of-control payment
- 4b · Supplemental nonqualified retirement plan
- 4c · Equity-based compensation arrangement
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
No itemized grants to organizations on this return.
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.
-
BUFFALO NIAGARA CONVENTION & VISITORS BUREAU FOUNDATION
501(C)(3) · EDUCATE THE PUBLIC ON THE CULTURAL ACTIVITIES IN THE BUFFALO-NIAGARA REGION · NY
-
BUFFALO NIAGARA SPORTS DEVELOPMENT COMPANY INC
501(C)(3) · FOSTER LOCAL, REGIONAL, NATIONAL AND INTERNATIONAL SPORTS COMPETITION · NY
-
BUFFALO NIAGARA CONVENTION CENTER MANAGEMENT CORP
501(C)(3) · PROVIDE SUPPORTING SERVICES TO THE TOURISM AND HOSPITALITY INDUSTRIES · NY
Provenance
- Return type
- form_990
- Tax year
- 2023
- Filed
- 15 May 2024
- IRS schema version
- 2023v5.1
- Source object
- 202412989349301006
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