Form 990 for tax year 2023
Filed by PHILADELPHIA CONVENTION AND VISTORS BUREAU FOUNDATION.
Totals
- Total revenue
- $301,189
- Total expenses
- $244,643
- Contributions and grants received
- $243,338
- Grants paid
- $34,500
- Program service revenue
- $0
- Investment income
- $57,851
- Other revenue
- $0
- Total assets, end of year
- $1,968,115
- Total liabilities, end of year
- $12,527
- Net assets or fund balances, end of year
- $1,955,588
- Program services expenses (Part IX)
- $34,970
- Management and general expenses
- $6,126
- Fundraising expenses
- $203,547
- Program service expenses (Part III)
- $34,970
Program services were 14.3% 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.
-
1f · All other contributions, gifts and grants
$243,338
-
3 · Investment income
total $57,851 · related or exempt $57,851
Functional expenses
Part IX, the statement of functional expenses.
-
1 · Grants to domestic organizations and governments
total $31,500 · program services $31,500
-
2 · Grants to domestic individuals
total $3,000 · program services $3,000
-
12 · Advertising and promotion
total $470 · program services $470
-
24a · Other expenses: OTHER
total $209,673 · management and general $6,126 · fundraising $203,547
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $1,646,567 · end of year $1,824,145
-
2 · Savings and temporary cash investments
beginning of year $137,916 · end of year $143,470
-
4 · Accounts receivable
beginning of year $88,684 · end of year $500
-
9 · Prepaid expenses and deferred charges
beginning of year $25,875
-
17 · Accounts payable and accrued expenses
end of year $12,527
-
27 · Net assets without donor restrictions
beginning of year $1,899,042 · end of year $1,955,588
Mission and programs · 2023
Mission
MISSION/PURPOSE: THE PHILADELPHIA CONVENTION AND VISITORS BUREAU FOUNDATION ("FOUNDATION") WAS ESTABLISHED IN 2002 TO CONDUCT PUBLIC, CHARITABLE, AND EDUCATIONAL ACTIVITIES AND TO ATTRACT ADDITIONAL SUPPORT FOR THOSE ACTIVITIES FROM FOUNDATIONS AND THE GENERAL PUBLIC. THE FOUNDATION HAS A 501(C)(3) TAX-EXEMPT STATUS BECAUSE ITS ACTIVITIES ARE CHARITABLE AND EDUCATIONAL. THE MISSION OF THE FOUNDATION, IN COOPERATION WITH THE CITY OF PHILADELPHIA AND THE COMMONWEALTH OF PENNSYLVANIA, IS TO PROVIDE FUNDING IN SUPPORT OF ACTIVITIES THAT PROMOTE, BEAUTIFY, AND CELEBRATE PHILADELPHIA IN AN EFFORT TO STIMULATE THE CITY'S TOURISM INDUSTRY. TOGETHER WITH ITS PARTNERS, THE FOUNDATION SUPPORTS PROJECTS THAT MAKE THE CITY MORE INVITING TO VISITORS, ESPECIALLY THOSE ATTENDING A CONVENTION OR SPECIAL EVENT, OR VISITORS TRAVELING FROM ANOTHER COUNTRY. IN ADDITION, THE FOUNDATION HELPS PHILADELPHIANS PREPARE THEMSELVES FOR CAREERS IN THE REGION'S DYNAMIC HOSPITALITY INDUSTRY, AND ASSISTS CORPORATE VIS
-
HOSPITALITY EDUCATION: THE FOUNDATION SUPPORTS PROJECTS THAT TRAIN AND EDUCATE INDIVIDUALS FOR CAREERS IN THE HOSPITALITY INDUSTRY AND PROVIDES AN ANNUAL SCHOLARSHIP (THE MARIE BAKER BROWN SCHOLARSHIP) AVAILABLE FOR HOSPITALITY STUDENTS ENROLLED AT LOCAL UNIVERSITIES. IT PRODUCES PROGRAMMING DESIGNED TO PROVIDE GUIDANCE TO HIGH SCHOOL AND COLLEGE STUDENTS INTERESTED IN CAREERS IN THE HOSPITALITY FIELD. THIS PROGRAM STRIVES TO ENSURE THAT PHILADELPHIA'S DIVERSE COMMUNITIES CAN PARTICIPATE IN AND BENEFIT FROM THE ECONOMIC BENEFITS DRIVEN BY THE TOURISM INDUSTRY.
Expenses $10,000
-
COMMUNITY IMPROVEMENT AND OUTREACH: THE FOUNDATION TRADITIONALLY SUPPORTS PROJECTS SUCH AS PHL CARES, A HIGH- IMPACT, BUSINESS-LED RESPONSE TO PHILADELPHIA'S CHRONIC STREET HOMELESSNESS ISSUE, MOBILIZING RESOURCES AND LEADERSHIP FOR REAL SOLUTIONS - PROMOTING HOUSING, JOBS, AND SERVICES - TO END HOMELESSNESS. THE FOUNDATION SUPPORTS THE MANAGEMENT OF PHLCARES.COM AND PROMOTIONAL ASSETS. THE FOUNDATION ALSO SUPPORTS LOCAL ORGANIZATIONS INCLUDING HABITAT FOR HUMANITY, FAIRMOUNT PARK CONSERVANCY, AND BROAD STREET MINISTRY TO ADVANCE KEY INITIATIVES AIMED AT ENHANCING PHILADELPHIA'S QUALITY OF LIFE AND BEAUTIFYING PROMINENT PUBLIC SPACES. ITS GOAL IS TO ENSURE THAT PARKS, HISTORICAL SITES, MONUMENTS, AND BUILDINGS ARE WELL MAINTAINED AND WELCOMING TO THE PUBLIC.
Expenses $9,500
-
HOSPITALITY INDUSTRY SUPPORT: THE FOUNDATION'S PROGRAMS HIGHLIGHT AND SUPPORT THE REGION'S DYNAMIC HOSPITALITY SECTOR AND EVENTS THAT SHOWCASE AND CELEBRATE THE WORK OF ALL EMPLOYED IN THE REGION'S HOSPITALITY INDUSTRY. BY HIGHLIGHTING EXISTING WORKERS AND THEIR ACCOMPLISHMENTS, THE FOUNDATION HELPS DEVELOP A ROBUST WORKFORCE FOR THE REGIONAL HOSPITALITY INDUSTRY. ADDITIONALLY, THE FOUNDATION SPONSORS ROCKY DAY, A NEW CITY-WIDE PROMOTION THAT CELEBRATES PHILADELPHIA'S RICH CULTURAL HERITAGE AND THE ICONIC SPIRIT SIGNIFIED BY THE ROCKY MOVIES. FURTHERMORE, THE FOUNDATION SUPPORTS THE MEETING PROFESSIONALS INTERNATIONAL FOUNDATION, A NON-PROFIT ORGANIZATION DEDICATED TO SUPPORTING THE MEETING AND EVENT INDUSTRY.
Expenses $15,000
-
ECONOMIC DEVELOPMENT : THE PHLCVB FOUNDATION PARTNERS WITH THE CITY OF PHILADELPHIA, THE COMMONWEALTH OF PENNSYLVANIA, AND MANY OTHER HOSPITALITY ORGANIZATIONS TO PROMOTE PHILADELPHIA AS A DYNAMIC TRAVEL DESTINATION AND LOCATION FOR LARGE EVENTS. THE FOUNDATION SUPPORTS THE REGIONAL EFFORTS THAT LEAD TO PHILADELPHIA HOSTING PREMIER EVENTS, SUCH AS THE CITY'S SUCCESSFUL BID TO HOST FIFA WORLD CUP 2026 .
Expenses $470
As filed on the 2023 return. The filer continues this part on Schedule O, which is not shown here.
Listed in Part VII
-
Jeff AdeliJEFF ADELI
TREASURER
- Total calculated
- $0
- Hours/week
- 2
-
Stephen S AicheleSTEPHEN S AICHELE
TRUSTEE
- Total calculated
- $0
- Hours/week
- 2
-
Ed BatenED BATEN
TRUSTEE
- Total calculated
- $0
- Hours/week
- 2
-
Karen Dougherty BuchholzKAREN DOUGHERTY BUCHHOLZ
CHAIR
- Total calculated
- $0
- Hours/week
- 2
-
Leonard BuckleyLEONARD BUCKLEY
VICE CHAIR
- Total calculated
- $0
- Hours/week
- 2
-
Rochelle CameronROCHELLE CAMERON
TRUSTEE
- Total calculated
- $0
- Hours/week
- 2
-
Gregg CarenGREGG CAREN
PRESIDENT &
- Total calculated
- $0
- Hours/week
- 2
-
Nicholas DebenedictisNICHOLAS DEBENEDICTIS
TRUSTEE
- Total calculated
- $0
- Hours/week
- 2
-
William P HankowskyWILLIAM P HANKOWSKY
TRUSTEE
- Total calculated
- $0
- Hours/week
- 2
-
Jazelle JonesJAZELLE JONES
TRUSTEE
- Total calculated
- $0
- Hours/week
- 2
-
John J KrollJOHN J KROLL
TRUSTEE
- Total calculated
- $0
- Hours/week
- 2
-
Alba MartinezALBA MARTINEZ
TRUSTEE
- Total calculated
- $0
- Hours/week
- 2
-
John McNicholJOHN MCNICHOL
VICE CHAIR
- Total calculated
- $0
- Hours/week
- 2
-
John P PierceJOHN P PIERCE
SECRETARY
- Total calculated
- $0
- Hours/week
- 2
-
Richard Lee SnowRICHARD LEE SNOW
TRUSTEE
- Total calculated
- $0
- Hours/week
- 2
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
-
MPI FOUNDATION
$10,000
GEN SUPPORT GRANT
-
TEMPLE UNIVERSITY
$7,000
SCHOLARSHIP CONTRIBU
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.
-
PHILA CONVENTION & VISITORS BUREAU
501C · TOURISM · PA · controlled entity
Directly controlled by PCVB
Provenance
- Return type
- form_990
- Tax year
- 2023
- Filed
- 28 February 2025
- IRS schema version
- 2023v6.0
- Source object
- 202530649349300808
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