Form 990 for tax year 2022
Filed by AKRON CONVENTION AND VISITORS BUREAU INC.
Totals
- Total revenue
- $7,682,701
- Total expenses
- $6,512,906
- Contributions and grants received
- $4,461,918
- Grants paid
- $0
- Program service revenue
- $3,077,890
- Investment income
- $22,864
- Other revenue
- $120,029
- Total assets, end of year
- $6,703,874
- Total liabilities, end of year
- $1,567,413
- Net assets or fund balances, end of year
- $5,136,461
- 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)
$4,461,918
-
2a · Program service revenue: OPERATION OF JSK CENTE
total $3,077,890 · related or exempt $3,077,890
-
3 · Investment income
total $22,864 · excluded $22,864
-
6a · Gross rents
real property $106,600
-
6b · Less rental expenses
real property $0
-
6c · Rental income or loss
real property $106,600
-
6d · Net rental income or loss
total $106,600 · related or exempt $106,600
-
11a · Other revenue: MISCELLANEOUS INCOME
total $13,429 · excluded $13,429
-
11e · Other revenue, total
$13,429
Functional expenses
Part IX, the statement of functional expenses.
-
5 · Compensation of officers, directors and key employees
total $359,370
-
7 · Other salaries and wages
total $2,488,623
-
8 · Pension plan contributions
total $104,237
-
9 · Other employee benefits
total $277,679
-
10 · Payroll taxes
total $230,151
-
11b · Fees: legal
total $11,414
-
11c · Fees: accounting
total $17,446
-
11g · Fees: other
total $88,286
-
12 · Advertising and promotion
total $705,070
-
13 · Office expenses
total $66,879
-
14 · Information technology
total $25,718
-
16 · Occupancy
total $1,377,959
-
17 · Travel
total $28,039
-
19 · Conferences, conventions and meetings
total $3,270
-
20 · Interest
total $12,118
-
22 · Depreciation, depletion and amortization
total $151,296
-
23 · Insurance
total $105,145
-
24a · Other expenses: UTILITIES
total $336,315
-
24b · Other expenses: AUDIOVISUAL
total $71,373
-
24c · Other expenses: MISCELLANEOUS
total $36,243
-
24d · Other expenses: DUES AND SUBSCRIPTIONS
total $16,275
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $1,726,296 · end of year $2,558,229
-
2 · Savings and temporary cash investments
beginning of year $1,536,548 · end of year $1,617,761
-
4 · Accounts receivable
beginning of year $2,450,287 · end of year $1,378,350
-
8 · Inventories for sale or use
beginning of year $44,589 · end of year $64,222
-
9 · Prepaid expenses and deferred charges
beginning of year $103,049 · end of year $158,524
-
10a · Land, buildings and equipment: cost or other basis
$2,105,777
-
10b · Land, buildings and equipment: accumulated depreciation
$1,368,789
-
10c · Land, buildings and equipment, net
beginning of year $599,455 · end of year $736,988
-
15 · Other assets
beginning of year $0 · end of year $189,800
-
17 · Accounts payable and accrued expenses
beginning of year $551,272 · end of year $620,704
-
19 · Deferred revenue
beginning of year $1,081,280 · end of year $561,855
-
23 · Secured mortgages and notes payable
beginning of year $831,117 · end of year $384,854
-
27 · Net assets without donor restrictions
beginning of year $1,727,686 · end of year $3,561,515
-
28 · Net assets with donor restrictions
beginning of year $2,268,869 · end of year $1,574,946
Mission and programs · 2022
Mission
THE BUREAU'S MISSION IS TO PROMOTE AKRON AND SUMMIT COUNTY AS AN IDEAL LOCATION FOR MEETINGS, CONVENTIONS AND TOURS. THE CENTER'S MISSION IS TO PROVIDE A FIRST-CLASS, AFFORDABLE FACILITY TO GREATER-AKRON, REGIONAL AND NATIONAL CLIENTS FOR THE PURPOSE OF BUSINESS, EDUCATION AND ENTERTAINMENT, WHICH WILL IN TURN CREATE JOBS, ENCOURAGE NEW BUSINESS, PROMOTE TOURISM, INCREASE THE AREA'S VISIBILITY, AND GAIN FURTHER RECOGNITION FOR AKRON AND SUMMIT COUNTY AS A VIBRANT AND DYNAMIC DESTINATION FOR ANY TYPE OF EVENT.
Activities or mission (Part I)
PROMOTE THE CITY OF AKRON AND THE COUNTY OF SUMMIT.
-
THE PURPOSE OF THE BUREAU IS TO ENCOURAGE NEW BUSINESS, PROMOTE TOURISM, INCREASE VISIBILITY AND GAIN FURTHER RECOGNITION OF AKRON AND SUMMIT COUNTY AS A VIBRANT BUSINESS AND TOURISM DESTINATION.
As filed on the 2022 return. The filer continues this part on Schedule O, which is not shown here.
Listed in Part VII
-
David LieberthDAVID LIEBERTH
VICE CHAIRMAN & INTERIM CH
- Total calculated
- $0
- Hours/week
- 1
-
Jeffrey LynchJEFFREY LYNCH
TREASURER, BOARD OF DIRECT
- Total calculated
- $0
- Hours/week
- 1
-
Maureen M SchneiderMAUREEN M SCHNEIDER
SECRETARY, BOARD OF DIRECT
- Total calculated
- $0
- Hours/week
- 1
-
Ismail Al-AminISMAIL AL-AMIN
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Renato CamachoRENATO CAMACHO
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1 + 1 related
-
Jack DeleoJACK DELEO
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Christine Wiedie HighamCHRISTINE WIEDIE HIGHAM
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Sandra HamadSANDRA HAMAD
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
David E PrenticeDAVID E PRENTICE
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Jeannine MarksJEANNINE MARKS
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Don Padgett IIIDON PADGETT III
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Sharon ReavesSHARON REAVES
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Marco SommervilleMARCO SOMMERVILLE
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Bob PurdyBOB PURDY
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Shirlene KramerSHIRLENE KRAMER
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Gregg MervisGREGG MERVIS
PRESIDENT & CEO
- Total calculated
- $234,360
- From this org
- $210,362
- From related orgs
- $0
- Other
- $23,998
- Hours/week
- 40 + 1 related
Schedule J breakdown matched by us
- Base
- $209,829
- Bonus
- $0
- Other
- $533
- Deferred
- $0
- Nontaxable benefits
- $23,998
- Filer's total
- $234,360
-
Morell MendiolaMORELL MENDIOLA
CFO
- Total calculated
- $125,010
- From this org
- $117,354
- From related orgs
- $0
- Other
- $7,656
- Hours/week
- 40 + 1 related
-
Dirk BreidingDIRK BREIDING
PRESIDENT OF SALES
- Total calculated
- $122,595
- From this org
- $115,752
- From related orgs
- $0
- Other
- $6,843
- Hours/week
- 40
-
Keith PomeraningKEITH POMERANING
VICE PRESIDENT OF OPERATIONS
- Total calculated
- $126,273
- From this org
- $116,400
- From related orgs
- $0
- Other
- $9,873
- Hours/week
- 40
-
Ronald Dorsey JrRONALD DORSEY JR
VICE PRESIDENT OF FOOD & BEVERAGE
- Total calculated
- $142,124
- From this org
- $134,975
- From related orgs
- $0
- Other
- $7,149
- Hours/week
- 40
-
Robert CzupROBERT CZUP
OPERATIONS MANAGER
- Total calculated
- $166,360
- From this org
- $159,211
- From related orgs
- $0
- Other
- $7,149
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $159,194
- Bonus
- $0
- Other
- $17
- Deferred
- $0
- Nontaxable benefits
- $7,149
- Filer's total
- $166,360
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
- 1a · Tax indemnification and gross-up payments
- 2 · Substantiation required before reimbursing expenses
- 3 · Compensation committee
- 3 · Written employment contract
- 3 · Compensation survey or study
- 3 · Approval by the board or compensation committee
Answered no
- 1b · Written policy on the line-1a expenses
- 4a · Severance or change-of-control payment
- 4b · Supplemental nonqualified retirement plan
- 4c · Equity-based compensation arrangement
The filer's explanations (Part III)
- PART I, LINE 1A
- TAX INDEMNIFICATION AND GROSS UP PAYMENTS: THERE IS NOT A WRITTEN POLICY OF THE ORGANIZATION ALL THE BONUSES ARE GROSSED UP FOR MEDICARE, SOCIAL SECURITY AND CITY OF AKRON TAXES.
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.
-
501(C)(3) · PROMOTE THE CITY OF AKRON AND THE COUNTY OF SUMMIT. · OH · controlled entity
Directly controlled by AKRON-SUMMIT CONVENTION & VISITORS BUREAU INC
Provenance
- Return type
- form_990
- Tax year
- 2022
- Filed
- 6 November 2023
- IRS schema version
- 2022v5.0
- Source object
- 202313109349303686
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