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Nonprofiteer
← VISITOR DEVELOPMENT FUND INC

Form 990 for tax year 2024

Filed by VISITOR DEVELOPMENT FUND INC.

Totals

Total revenue
$3,870,845
Total expenses
$3,196,464
Contributions and grants received
$3,766,400
Grants paid
$3,162,936
Program service revenue
$0
Investment income
$104,445
Other revenue
$0
Total assets, end of year
$8,955,950
Total liabilities, end of year
$1,196,931
Net assets or fund balances, end of year
$7,759,019
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)

    $3,766,400

  • 3 · Investment income

    total $104,445 · excluded $104,445

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $3,162,936

  • 11g · Fees: other

    total $102,375

  • 24a · Other expenses: CONTRA EXPENSE-REBATES

    total -$68,847

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $7,929,033 · end of year $8,820,602

  • 4 · Accounts receivable

    beginning of year $158,156 · end of year $135,348

  • 17 · Accounts payable and accrued expenses

    beginning of year $332,310 · end of year $526,689

  • 18 · Grants payable

    beginning of year $111,350 · end of year $670,242

  • 29 · Capital stock, trust principal or current funds

    beginning of year $0 · end of year $0

  • 30 · Paid-in or capital surplus, or land, building or equipment fund

    beginning of year $0 · end of year $0

  • 31 · Retained earnings, endowment or other funds

    beginning of year $0 · end of year $0

Mission and programs · 2024

Mission

TO PLAN, BUDGET FOR AND ADMINISTER THE EXPENDITURE OF THE ALLOCATION OF REVENUES FROM THE 2.5% INCREASE IN THE MULTNOMAH COUNTY TRANSIENT LODGING TAX AND VEHICLE RENTAL TAX WHICH SHALL BE EXPENDED TO ATTRACT VISITORS TO PORTLAND AND MULTNOMAH COUNTY THAT MAXIMIZE HOTEL OCCUPANCY AND VEHICLE RENTALS IN THE CITY OF PORTLAND.

Activities or mission (Part I)

TO ATTRACT VISITORS TO PORTLAND THAT MAXIMIZE HOTEL OCCUPANCY AND VEHICLE RENTALS IN THE CITY.

  • MADE GRANTS TO SUPPORT TOURISM RELATED EVENTS, PROMOTIONS AND ORGANIZATIONS.

As filed on the 2024 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Brian Lang

    PRESIDENT & CHAIR

    Total calculated
    $0
    Hours/week
    1

  • Martin McAllister

    VICE CHAIR

    Total calculated
    $0
    Hours/week
    1

  • James Jessie

    SECRETARY

    Total calculated
    $0
    Hours/week
    1

  • David Weston

    COMMITTEE MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Mike Daley

    COMMITTEE MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Ashton Simpson

    COMMITTEE MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Jessica Vega Pederson

    COMMITTEE MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Lynn Peterson

    COMMITTEE MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Dragan Andrejic

    COMMITTEE MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Julia Brim-Edwards

    COMMITTEE MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Jamie Dunphy

    COMMITTEE MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Mike McLeod

    COMMITTEE MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Todd Stansbury

    COMMITTEE MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Keith Wilson

    COMMITTEE MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Yang Yang

    TREASURER

    Total calculated
    $0
    Hours/week
    1

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

  • MERC

    $1,316,935

    SUPPORT FOR CONVENTION AND MEETINGS

  • NATIONAL EDUCATION ASSOCIATION

    $300,000

    SUPPORT FOR CONVENTION AND MEETINGS

  • COALITION 375 LLC

    $150,000

    ROCKSTAR ENERGY OPEN '25 PARTNERSHIP PROGRAM

  • EMC STRATEGIES

    $139,000

    SUPPORT FOR CONVENTION AND MEETINGS

  • NATIONAL COALITION OF BLACK MEETING PROFESSIONALS INC

    $118,000

    SUPPORT FOR CONVENTION AND MEETINGS

  • BASIS GLOBAL TECHNOLOGIES INC

    $99,300

    SUPPORT FOR CONVENTION AND MEETINGS

  • NIKE INC

    $38,610

    SUPPORT FOR CONVENTION AND MEETINGS

  • A2Z PORTLAND LLC

    $31,250

    SUPPORT FOR CONVENTION AND MEETINGS

  • SPORTS EVENTS AND TOURISM ASSOCIATION

    $25,000

    FINAL HOSTING SPONSORSHIP PMT

  • TOPAZ FARM

    $22,574

    SUPPORT FOR CONVENTION AND MEETINGS

The 10 largest by cash amount. The API serves every itemized grant.

Provenance

Return type
form_990
Tax year
2024
Filed
8 April 2026
IRS schema version
2024v5.5
Source object
202620999349300437

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