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← ALBANY CONVENTION AND VISITORS BUREAU

Form 990 for tax year 2023

Filed by ALBANY CONVENTION AND VISITORS BUREAU.

What the amendment changed

Compared with the return it replaced , filed 15 May 2025. matched by us Only the return's totals, a 990-PF's accounting method and the names listed in Part VII (Part VIII on a 990-PF) are compared. We relate returns by organization, tax year and form, and order them by each return's own timestamp; the filer's own "amended return" checkbox is a separate fact.

Listed only on the later return

  • Rashelle Beasley Minix

Totals

Total revenue
$816,995
Total expenses
$854,155
Contributions and grants received
$800,000
Grants paid
$10,500
Program service revenue
$9,080
Investment income
$1,247
Other revenue
$6,668
Total assets, end of year
$1,215,332
Total liabilities, end of year
$140,080
Net assets or fund balances, end of year
$1,075,252
Program services expenses (Part IX)
$0
Management and general expenses
$0
Fundraising expenses
$0
Program service expenses (Part III)
not reported

Program services were 0.0% 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.

  • 1e · Government grants (contributions)

    $800,000

  • 2a · Program service revenue: VISITORS GUIDE

    total $9,080 · excluded $9,080

  • 3 · Investment income

    total $1,247 · excluded $1,247

  • 6a · Gross rents

    personal property $1,138

  • 6c · Rental income or loss

    personal property $1,138

  • 6d · Net rental income or loss

    total $1,138 · related or exempt $1,138

  • 10a · Gross sales of inventory

    $5,530

  • 10c · Net income from sales of inventory

    total $5,530 · related or exempt $5,530

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $10,500

  • 5 · Compensation of officers, directors and key employees

    total $125,859

  • 7 · Other salaries and wages

    total $141,502

  • 8 · Pension plan contributions

    total $9,267

  • 9 · Other employee benefits

    total $24,109

  • 10 · Payroll taxes

    total $17,788

  • 11c · Fees: accounting

    total $5,190

  • 12 · Advertising and promotion

    total $300,507

  • 13 · Office expenses

    total $61,957

  • 14 · Information technology

    total $49,281

  • 16 · Occupancy

    total $26,329

  • 17 · Travel

    total $6,474

  • 19 · Conferences, conventions and meetings

    total $11,234

  • 22 · Depreciation, depletion and amortization

    total $41,683

  • 23 · Insurance

    total $5,792

  • 24a · Other expenses: GIFT SHOP ITEMS

    total $5,877

  • 24b · Other expenses: PROFESSIONAL MEMBERSHIP

    total $3,975

  • 24c · Other expenses: TRAVEL WRITERS

    total $3,812

  • 24d · Other expenses: BIKE RENTAL EXPENSE

    total $1,607

  • 24e · All other expenses

    total $1,412

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $674,865 · end of year $634,737

  • 2 · Savings and temporary cash investments

    beginning of year $395,175 · end of year $426,643

  • 4 · Accounts receivable

    beginning of year $1,111 · end of year $1,595

  • 8 · Inventories for sale or use

    beginning of year $22,185 · end of year $22,185

  • 9 · Prepaid expenses and deferred charges

    beginning of year $26,625 · end of year $24,973

  • 10a · Land, buildings and equipment: cost or other basis

    $365,842

  • 10b · Land, buildings and equipment: accumulated depreciation

    $267,261

  • 10c · Land, buildings and equipment, net

    beginning of year $82,811 · end of year $98,581

  • 14 · Intangible assets

    beginning of year $9,418 · end of year $6,618

  • 17 · Accounts payable and accrued expenses

    beginning of year $80,060 · end of year $29,712

  • 21 · Escrow or custodial account liability

    beginning of year $28,750 · end of year $103,750

  • 25 · Other liabilities

    beginning of year $9,418 · end of year $6,618

  • 27 · Net assets without donor restrictions

    beginning of year $1,072,835 · end of year $951,788

  • 28 · Net assets with donor restrictions

    beginning of year $21,127 · end of year $123,464

Mission and programs · 2023

Mission

THE CVB IS FORMED AND ORGANIZED AND SHALL BE OPERATED EXCLUSIVELY FOR NON- PROFIT TRADE OR BUSINESS DEVELOPMENT PURPOSES. WITHIN THE SCOPE OF THE FOREGOING PURPOSES, AND NOT BY WAY OF LIMITATION, CVB IS FORMED AND ORGANIZED TO PROVIDE FOR THE PROMOTION, STIMULATION, PROCUREMENT AND SERVICING OF CONVENTIONS, CONFERENCES, SEMINARS, SPORTING EVENTS AND SPECIAL EVENTS, ALONG WITH THE DEVELOPMENT OF TOURISM THROUGH ATTRACTION OF VISITORS TO ALBANY; FOSTER BETTER PUBLIC UNDERSTANDING ON THE PART OF INDIVIDUALS AND BUSINESSES OF THE IMPORTANCE OF THE CONVENTIONS AND VISITOR INDUSTRY TO THE LOCAL ECONOMY; AND ADVOCATE FOR AND ASSIST WITH COLLABORATION AND COOPERATION BETWEEN BUSINESSES AND INDUSTRIES SERVICING VISITORS, CONVENTIONS, AND TOURISM IN GENERAL. ALL OF SUCH ACTIONS ARE IN FURTHERANCE OF IMPROVING BUSINESS CONDITIONS IN THE CITY OF ALBANY AND DOUGHERTY COUNTY.

  • THE CVB PROMOTED MANY TRADE SHOWS, CONFERENCES, SPORTING EVENTS, AND OTHER SPECIAL EVENTS RESULTING IN A POSITIVE IMPACT ON THE LOCAL ECONOMY, FOSTERING BUSINESS GROWTH AND DEVELOPMENT.

As filed on the 2023 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Tommy Gregors 2024

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Linda Davis 2024

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Nicole Williams 2024

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Juwan Wilson 2023

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Terrell Jacobs City

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Johnny Seabrooks 2024

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Victor Landry 2025

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Andrew Wulf 2026

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Sherrer Hester 2026

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Deron King County

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Sheila Barlow 2027

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Rashelle Beasley Minix

    EXECUTIVE DI

    Total calculated
    $119,093
    From this org
    $89,519
    From related orgs
    $0
    Other
    $29,574
    Hours/week
    40

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

Provenance

Return type
form_990
Tax year
2023
Filed
15 May 2025
IRS schema version
2023v6.0
Source object
202541649349301329

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