Form 990 for tax year 2023
Filed by AMES CONVENTION & VISITORS BUREAU.
Totals
- Total revenue
- $2,246,760
- Total expenses
- $1,689,357
- Contributions and grants received
- $2,122,812
- Grants paid
- $55,000
- Program service revenue
- $83,544
- Investment income
- $40,404
- Other revenue
- $0
- Total assets, end of year
- $3,137,654
- Total liabilities, end of year
- $441,615
- Net assets or fund balances, end of year
- $2,696,039
- Program services expenses (Part IX)
- not reported
- Management and general expenses
- not reported
- Fundraising expenses
- not reported
- Program service expenses (Part III)
- $1,392,000
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.
-
1b · Membership dues
$34,725
-
1e · Government grants (contributions)
$2,088,087
-
2a · Program service revenue: CO-OP INCOME
total $82,294 · related or exempt $82,294
-
2b · Program service revenue: SERVICES INCOME - TOUR
total $1,250 · related or exempt $1,250
-
3 · Investment income
total $40,404 · excluded $40,404
Functional expenses
Part IX, the statement of functional expenses.
-
1 · Grants to domestic organizations and governments
total $55,000
-
5 · Compensation of officers, directors and key employees
total $161,239
-
7 · Other salaries and wages
total $663,875
-
8 · Pension plan contributions
total $16,795
-
9 · Other employee benefits
total $36,694
-
10 · Payroll taxes
total $62,453
-
11c · Fees: accounting
total $8,077
-
12 · Advertising and promotion
total $443,589
-
13 · Office expenses
total $42,398
-
16 · Occupancy
total $155,381
-
17 · Travel
total $5,057
-
22 · Depreciation, depletion and amortization
total $22,868
-
23 · Insurance
total $11,598
-
24a · Other expenses: DUES & SUBSCRIPTIONS
total $4,333
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $1,770,844 · end of year $1,502,807
-
2 · Savings and temporary cash investments
end of year $814,039
-
3 · Pledges and grants receivable
beginning of year $174,088 · end of year $194,539
-
4 · Accounts receivable
beginning of year $390,117 · end of year $420,397
-
9 · Prepaid expenses and deferred charges
beginning of year $31,618 · end of year $32,005
-
10a · Land, buildings and equipment: cost or other basis
$346,822
-
10b · Land, buildings and equipment: accumulated depreciation
$326,609
-
10c · Land, buildings and equipment, net
beginning of year $43,081 · end of year $20,213
-
15 · Other assets
beginning of year $31,543 · end of year $153,654
-
17 · Accounts payable and accrued expenses
beginning of year $55,579 · end of year $32,308
-
19 · Deferred revenue
beginning of year $218,113 · end of year $244,914
-
24 · Unsecured notes and loans payable
beginning of year $28,963 · end of year $164,393
-
27 · Net assets without donor restrictions
beginning of year $2,138,636 · end of year $2,696,039
Mission and programs · 2023
Mission
THE MISSION OF THE AMES CONVENTION AND VISITORS BUREAU IS TO ACQUIRE MEETING, CONVENTION AND EVENT BUSINESS. THE ACVB WILL SEEK TO ACQUIRE GROUPS THAT WILL HAVE CITY WIDE IMPACT AND THE POTENTIAL TO RETURN TO AMES ON A REGUALR BASIS AND THAT WILL STRENGTHEN OCCUPANCY IN HISTORICALLY SOFT BUSINESS PERIODS.
-
THE ORGANIZATION OF CONVENTIONS AND EVENTS REQUIRING MORE THAN ONE HOTEL AND MEETING FACILITY.
Expenses $1,392,000 · Grants $55,000 · Revenue $83,544
As filed on the 2023 return. The filer continues this part on Schedule O, which is not shown here.
Listed in Part VII
-
Sandra HarnessSANDRA HARNESS
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Anita RollinsANITA ROLLINS
PAST CHAIR
- Total calculated
- $0
- Hours/week
- 1
-
Ginger SmithGINGER SMITH
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Mindy BergstromMINDY BERGSTROM
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Kristen RitterKRISTEN RITTER
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Kevin BrooksKEVIN BROOKS
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Jamie PollardJAMIE POLLARD
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Duane ReevesDUANE REEVES
VICE CHAIR
- Total calculated
- $0
- Hours/week
- 1
-
Rachel JunckRACHEL JUNCK
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Stacy DreyerSTACY DREYER
CHAIR
- Total calculated
- $0
- Hours/week
- 1
-
Jeremy DevoreJEREMY DEVORE
SECRETARY/TREASURER
- Total calculated
- $0
- Hours/week
- 1
-
Donny O'BrienDONNY O'BRIEN
PAST CHAIR
- Total calculated
- $0
- Hours/week
- 1
-
Curt MillerCURT MILLER
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Kevin BourkeKEVIN BOURKE
PRESIDENT
- Total calculated
- $161,239
- From this org
- $161,239
- From related orgs
- $0
- Other
- $0
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $155,499
- Bonus
- $0
- Other
- $5,740
- Deferred
- $0
- Nontaxable benefits
- $0
- Filer's total
- $161,239
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 · 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
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
-
$43,000
2023 STATE GAMES OF AMERICA
-
IOWA YOUTH ATHLETIC FOUNDATION
$12,000
ALL IOWA ATTACK
Provenance
- Return type
- form_990
- Tax year
- 2023
- Filed
- 17 June 2024
- IRS schema version
- 2023v5.1
- Source object
- 202401779349301100
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