Civic Intelligence

Greater Providence Warwick Convention and Visitors Bureau

990 • Fiscal year 2021 • EIN 05-0487503

Jul 01, 2020 to Jun 30, 2021 • Filed on May 16, 2022

10 Memorial BoulevardProvidence, RI 02903

(401) 456-0200

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

73rd percentile

0.32x

Higher debt load relative to assets than 73% of similar nonprofits.

2021 filings • 501(c)6 • $1M-$5M nonprofits • Source year 2021

Liabilities / Revenue

56th percentile

0.24x

Higher debt load relative to revenue than 56% of similar nonprofits.

2021 filings • 501(c)6 • $1M-$5M nonprofits • Source year 2021

Net Margin

72nd percentile

21%

Higher net margin than 72% of similar nonprofits.

2021 filings • 501(c)6 • $1M-$5M nonprofits • Source year 2021

Top Officer Pay

54th percentile

$146,979

Higher top officer pay than 54% of similar nonprofits.

Top officer pay equals 4.3% of source-year revenue.

2021 filings • 501(c)6 • $1M-$5M nonprofits • Source year 2021

Asset Growth

96th percentile

91%

Faster asset growth than 96% of similar nonprofits.

2021 filings • 501(c)6 • $1M-$5M nonprofits • Annualized from 2020 to 2021

Revenue Growth

39th percentile

3.4%

Faster revenue growth than 39% of similar nonprofits.

2021 filings • 501(c)6 • $1M-$5M nonprofits • Annualized from 2020 to 2021

Assets

Up

$2,565,053

Up $1,219,207 (+91%) from 2020

Net Assets

Up

$1,747,110

Up $707,567 (+68%) from 2020

Liabilities

Up

$817,943

Up $511,640 (+167%) from 2020

Revenue

Up

$3,400,025

Up $111,731 (+3.4%) from 2020

Expenses

Down

$2,692,457

Down $566,645 (-17%) from 2020

Net Income

Up

$707,568

Up $678,376 (+2324%) from 2020

Historical Trend

Balance Sheet Trend

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$6.0M$4.0M$2.0M$0Assets 2010: $932,422Liabilities 2010: $169,236Net Assets 2010: $763,1862010Assets 2011: $1,016,551Liabilities 2011: $178,310Net Assets 2011: $838,2412011Assets 2012: $1,054,550Liabilities 2012: $189,021Net Assets 2012: $865,5292012Assets 2013: $1,085,905Liabilities 2013: $264,178Net Assets 2013: $821,7272013Assets 2014: $1,062,047Liabilities 2014: $287,420Net Assets 2014: $774,6272014Assets 2015: $1,176,779Liabilities 2015: $306,953Net Assets 2015: $869,8262015Assets 2016: $1,429,521Liabilities 2016: $426,366Net Assets 2016: $1,003,1552016Assets 2017: $1,417,091Liabilities 2017: $449,180Net Assets 2017: $967,9112017Assets 2018: $1,505,645Liabilities 2018: $572,037Net Assets 2018: $933,6082018Assets 2019: $1,484,778Liabilities 2019: $474,427Net Assets 2019: $1,010,3512019Assets 2020: $1,345,846Liabilities 2020: $306,303Net Assets 2020: $1,039,5432020Assets 2021: $2,565,053Liabilities 2021: $817,943Net Assets 2021: $1,747,1102021Assets 2022: $2,735,510Liabilities 2022: $677,295Net Assets 2022: $2,058,2152022Assets 2023: $4,618,458Liabilities 2023: $1,935,801Net Assets 2023: $2,682,6572023Assets 2024: $5,022,607Liabilities 2024: $1,749,937Net Assets 2024: $3,272,6702024

Highlighted filing

2021

Assets$2,565,053
Liabilities$817,943
Net Assets$1,747,110

Operations Trend

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$8.0M$6.0M$4.0M$2.0M$0-$2.0MExpenses 2010: $2,795,6472010Revenue 2011: $2,973,207Expenses 2011: $2,898,152Net Income 2011: $75,0552011Expenses 2012: $3,087,6122012Revenue 2013: $3,175,556Expenses 2013: $3,219,358Net Income 2013: -$43,8022013Revenue 2014: $3,539,660Expenses 2014: $3,586,760Net Income 2014: -$47,1002014Revenue 2015: $3,629,559Expenses 2015: $3,533,296Net Income 2015: $96,2632015Revenue 2016: $3,800,105Expenses 2016: $3,666,776Net Income 2016: $133,3292016Revenue 2017: $3,841,220Expenses 2017: $3,876,464Net Income 2017: -$35,2442017Revenue 2018: $4,004,500Expenses 2018: $3,984,389Net Income 2018: $20,1112018Revenue 2019: $4,126,765Expenses 2019: $4,050,022Net Income 2019: $76,7432019Revenue 2020: $3,288,294Expenses 2020: $3,259,102Net Income 2020: $29,1922020Revenue 2021: $3,400,025Expenses 2021: $2,692,457Net Income 2021: $707,5682021Revenue 2022: $4,084,659Expenses 2022: $3,773,554Net Income 2022: $311,1052022Revenue 2023: $5,525,697Expenses 2023: $4,906,083Net Income 2023: $619,6142023Revenue 2024: $7,262,956Expenses 2024: $6,721,502Net Income 2024: $541,4542024

Highlighted filing

2021

Revenue$3,400,025
Expenses$2,692,457
Net Income$707,568
Jump To
Filing Snapshot
Filing Period
Jul 1, 2020 to Jun 30, 2021
Signed
May 16, 2022
Return Version
2020v4.2
Gross Receipts
$3,400,025
Mission and Program Overview

Mission

To promote the economic growth and development of the greater providence and warwick area by attracting conventions and visitor business through solicitation, servicing, marketing, and the development of convention, visitor and tourist activities in the area.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$380,847$1,017,738▲ $636,891
Accounts Receivable$141,841$730,332▲ $588,491
Savings and Temporary Cash Investments$668,036$668,036→ $0
Land, Buildings, and Equipment, Net$89,271$72,969▼ $16,302
Prepaid Expenses and Deferred Charges$29,958$40,085▲ $10,127
Total Assets$1,345,846$2,565,053▲ $1,219,207
Other Assets Total$35,893$35,893→ $0
Liabilities
Other Liabilities$150,000$528,346▲ $378,346
Accounts Payable and Accrued Expenses$94,580$180,630▲ $86,050
Deferred Revenue$61,723$108,967▲ $47,244
Total Liabilities$306,303$817,943▲ $511,640
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$1,039,543$1,747,110▲ $707,567
Total Net Assets Fund Balance$1,039,543$1,747,110▲ $707,567
Total Liabilities and Net Assets / Fund Balance$1,345,846$2,565,053▲ $1,219,207

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$72,969$281,509$354,478
Other Land Buildings$0$28,054$28,054
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Kristen AdamoPresident & CEOPT$137,020$9,959$146,979
Thomas RielVP of Sales and ServicesPT$102,546$9,451$111,997

Board Members and Trustees

NameTitle
Eric WeinerChair
Dale VenturiniImmediate Past Chair
Farouk RajabVice Chair
Elizabeth DuntonBoard Member
Ken CussonBoard Member
Lee BuchananBoard Member
Lynne OscarsonBoard Member
Michael BryanBoard Member
Scott WilliamsBoard Member
Stephanie FortunatoBoard Member
Walter AndrewsBoard Member
Jeffrey HirshBoard Member At-large
John PalumboSecretary
Alyssa KaramTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$937,098
Program Service Revenue
$2,461,117
Investment Income
$0
Other Revenue
$1,810
Change in Net Assets
$707,568

Audited Revenue Reconciliation

Revenue per Audited Statements
$3,400,025
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$0
Total Revenue per Audited Statements
$3,400,025
Total Revenue per Form 990
$3,400,025
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$1,530,910
Salaries, Compensation, and Employee Benefits$1,161,547
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages---$770,557
Other Employee Benefits---$173,778
Current Officers, Directors, Trustees, and Key Employees---$139,457
All Other Expenses---$109,391
Occupancy---$105,843
Payroll Taxes---$77,755
Advertising---$55,623
Other Expenses---$47,094
Fees for Services Other---$42,639
Depreciation Depletion---$37,544
Fees for Services Lobbying---$16,000
Insurance---$13,842
Fees for Services Accounting---$9,973
Travel---$4,080
Office Expenses---$3,588
Fees for Services Legal---$1,026
Total Functional Expenses$0$0$0$2,692,457

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$2,692,458
Total Expenses per Audited Statements$2,692,458
Total Expenses per Form 990$2,692,458
Expenses Not Reported on Financial Statements$0
Expenses Not Reported on Form 990$0
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
In-house lobbying only
No
Subject to proxy tax
Yes
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Paycheck Protection Program Sba Loan$378,941
Sba Eidl Loan$149,405
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
Backup withholding compliance
Yes
Business relationship with 35% controlled entity
No
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
Yes
Other officer compensation reviewed
Yes
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section A, Line 6

The organization has members.

Form 990, Part VI, Section A, Line 7A

The members elect two people to serve on the board of directors.

Form 990, Part VI, Section B, Line 11B

A draft of the form 990 is provided to the finance committee, which then reviews and approves the form 990 for filing.

Form 990, Part VI, Section B, Line 12C

Officers and directors are required to disclose whether or not they have any ownership or interest in any vendor who has provided services to the pwcvb, and/or, have earned from the pwcvb greater than $50,000. The organization monitors and enforces compliance with the conflict of interest policy by asking board members to disclose any conflict of interest to agenda items at each board of director meeting.

Form 990, Part VI, Section B, Line 15

In compliance with internal revenue service guidelines for approval of senior management compensation, the board of directors of the providence warwick convention & visitors bureau will follow the following guidelines for review and approval of compensation of the ceo and key employees. The criteria to be considered in determining each of the principal elements of each executive's compensation as well as the overall compensation package thereof, include (1) compensations awarded to comparable executives in the same industry; (2) performance of the organization compared to targeted results as well as comparable companies; (3) the performance of the executive during the past year comparable to performance targets set; (4) any other factor which the organization determines to be relevant. The weight to be given to each of the foregoing criteria is determined by the personnel/compensation committee in the exercise of its reasonable judgement in accordance with the purposes of this executive compensation policy.

Form 990, Part VI, Section C, Line 19

The organization makes its governing documents, conflict of interest policy, and financial statements available to the public upon request.

Filing and Contact Details

Filer

Filer Name
Greater Providence Warwick Convention
EIN
05-0487503
Phone
4014560200
Address
10 MEMORIAL BOULEVARD, PROVIDENCE, RI 02903

Signing Officer

Name
Kristen Adamo
Title
President and CEO
Phone
4014560200
Signed
2022-05-16
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Kristen Adamo
Formed
1995
Legal Domicile
Ri
Voting Board Members
14
Independent Board Members
14
Employees
25
Volunteers
0

Preparer

Firm
Mullen Scorpio & Cerilli
Address
67 CEDAR STREET, PROVIDENCE, RI 02903
Preparer
Anthony W Scorpio
Phone
4017513860
Supplemental Narrative

Additional Explanations

Part XII, Line 2C

This procress has not changed from prior year.

Financial Statement Notes

PART X, LINE 2:

The bureau qualifies as a nonprofit organization under section 501(c)(6) of the internal revenue code and is not subject to federal or state income taxes. The bureau evaluates its uncertain tax positions using the guidance for contingencies as contained in generally accepted accounting principles. The bureau was not aware of any uncertain tax positions that were not provided for in the financial statements.

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IRS990/MembersOrStockholdersInd01
IRS990/MethodOfAccountingAccrualInd0X
IRS990/MinutesOfCommitteesInd01
IRS990/MinutesOfGoverningBodyInd01
IRS990/MissionDesc0TO PROMOTE THE ECONOMIC GROWTH AND DEVELOPMENT OF THE GREATER PROVIDENCE AND WARWICK AREA BY ATTRACTING CONVENTIONS AND VISITOR BUSINESS THROUGH SOLICITATION, SERVICING, MARKETING, AND THE DEVELOPMENT OF CONVENTION, VISITOR AND TOURIST ACTIVITIES IN THE AREA.
IRS990/MoreThan5000KToIndividualsInd00
IRS990/MoreThan5000KToOrgInd00
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IRS990/NetUnrelatedBusTxblIncmAmt00
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IRS990/NoDonorRestrictionNetAssetsGrp/EOYAmt01747110
IRS990/NondeductibleContributionsInd00
IRS990/OccupancyGrp/TotalAmt0105843
IRS990/OfficeExpensesGrp/TotalAmt03588
IRS990/OfficerMailingAddressInd00
IRS990/OperateHospitalInd00
IRS990/Organization501cInd0X
IRS990/OrganizationFollowsFASB117Ind0X
IRS990/OtherAssetsTotalGrp/BOYAmt035893
IRS990/OtherAssetsTotalGrp/EOYAmt035893
IRS990/OtherChangesInNetAssetsAmt00
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IRS990/OtherExpensesGrp/Desc0OTHER EXPENSES
IRS990/OtherExpensesGrp/Desc1MULTIMEDIA
IRS990/OtherExpensesGrp/Desc2RESEARCH
IRS990/OtherExpensesGrp/Desc3EQUIPMENT RENTAL AND MA
IRS990/OtherExpensesGrp/TotalAmt0936436
IRS990/OtherExpensesGrp/TotalAmt187091
IRS990/OtherExpensesGrp/TotalAmt260740
IRS990/OtherExpensesGrp/TotalAmt347094
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IRS990/OtherRevenueMiscGrp/BusinessCd0561499
IRS990/OtherRevenueMiscGrp/Desc0MISCELLANEOUS
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IRS990/OtherWebsiteInd0X
IRS990/PartialLiquidationInd00
IRS990/PayPremiumsPrsnlBnftCntrctInd00
IRS990/PayrollTaxesGrp/TotalAmt077755
IRS990/PoliticalCampaignActyInd00
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt029958
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt040085
IRS990/PrincipalOfficerNm0KRISTEN ADAMO
IRS990/ProfessionalFundraisingInd00
IRS990/ProgramServiceRevenueGrp/BusinessCd0561499
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IRS990/ProgramServiceRevenueGrp/BusinessCd2561499
IRS990/ProgramServiceRevenueGrp/BusinessCd3561499
IRS990/ProgramServiceRevenueGrp/Desc0HOTEL TAX
IRS990/ProgramServiceRevenueGrp/Desc1COOPERATIVE MARKETING
IRS990/ProgramServiceRevenueGrp/Desc2TRADE SHOWS
IRS990/ProgramServiceRevenueGrp/Desc3MARKETING AND COMMUNIC
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt01344507
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt1930000
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt2168060
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt318550
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt01344507
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt1930000
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt2168060
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt318550
IRS990/ProgSrvcAccomActy2Grp/Desc0PRODUCTION AND PLACEMENT OF ADVERTISING IN CONSUMER AND TRADE PUBLICATIONS, AND OTHER DIGITAL MEDIA.
IRS990/ProgSrvcAccomActy3Grp/Desc0MAINTENANCE OF A COMPREHENSIVE WEBSITE THAT INCLUDES INFORMATION ON ALL ASPECTS OF VISITING THE REGION.
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt088799
IRS990/PYGrantsAndSimilarPaidAmt00
IRS990/PYInvestmentIncomeAmt0-7504
IRS990/PYOtherExpensesAmt01444029
IRS990/PYOtherRevenueAmt013247
IRS990/PYProgramServiceRevenueAmt03193752
IRS990/PYRevenuesLessExpensesAmt029192
IRS990/PYSalariesCompEmpBnftPaidAmt01815073
IRS990/PYTotalExpensesAmt03259102
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt03288294
IRS990/RcvFndsToPayPrsnlBnftCntrctInd00
IRS990/ReconcilationRevenueExpnssAmt0707568
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd00
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd01
IRS990/ReportProgramRelatedInvstInd00
IRS990/SavingsAndTempCashInvstGrp/BOYAmt0668036
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IRS990ScheduleB/ContributorInformationGrp/ContributorBusinessName/BusinessNameLine10RESTRICTED
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IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine20RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/City0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/State0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/ZIPCode0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/TotalContributionsAmt0RESTRICTED
IRS990/ScheduleBRequiredInd01
IRS990ScheduleC/AgreeCarryoverPriorYearInd00
IRS990ScheduleC/DuesAssessmentsAmt0149912
IRS990ScheduleC/OnlyInHouseLobbyingInd00
IRS990ScheduleC/SubstantiallyAllDuesNondedInd00
IRS990ScheduleD/EquipmentGrp/BookValueAmt072969
IRS990ScheduleD/EquipmentGrp/DepreciationAmt0281509
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt0354478
IRS990ScheduleD/ExpensesNotReportedAmt00
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt00
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IRS990ScheduleD/FootnoteTextInd0X
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IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt028054
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt0149405
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt1378941
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0SBA EIDL LOAN
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc1PAYCHECK PROTECTION PROGRAM SBA LOAN
IRS990ScheduleD/RevenueNotReportedAmt00
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt00
IRS990ScheduleD/RevenueSubtotalAmt03400025
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0THE BUREAU QUALIFIES AS A NONPROFIT ORGANIZATION UNDER SECTION 501(C)(6) OF THE INTERNAL REVENUE CODE AND IS NOT SUBJECT TO FEDERAL OR STATE INCOME TAXES. THE BUREAU EVALUATES ITS UNCERTAIN TAX POSITIONS USING THE GUIDANCE FOR CONTINGENCIES AS CONTAINED IN GENERALLY ACCEPTED ACCOUNTING PRINCIPLES. THE BUREAU WAS NOT AWARE OF ANY UNCERTAIN TAX POSITIONS THAT WERE NOT PROVIDED FOR IN THE FINANCIAL STATEMENTS.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0PART X, LINE 2:
IRS990ScheduleD/TotalBookValueLandBuildingsAmt072969
IRS990ScheduleD/TotalExpensesPerForm990Amt02692458
IRS990ScheduleD/TotalLiabilityAmt0528346
IRS990ScheduleD/TotalRevenuePerForm990Amt03400025
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt03400025
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt02692458
IRS990ScheduleJ/BoardOrCommitteeApprovalInd0X
IRS990ScheduleJ/CompensationCommitteeInd0X
IRS990ScheduleJ/CompensationSurveyInd0X
IRS990ScheduleJ/EquityBasedCompArrngmInd00
IRS990ScheduleJ/Form990OfOtherOrganizationsInd0X
IRS990/ScheduleJRequiredInd01
IRS990ScheduleJ/SeverancePaymentInd00
IRS990ScheduleJ/SupplementalNonqualRtrPlanInd00
IRS990ScheduleJ/WrittenEmploymentContractInd0X
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE ORGANIZATION HAS MEMBERS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE MEMBERS ELECT TWO PEOPLE TO SERVE ON THE BOARD OF DIRECTORS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2A DRAFT OF THE FORM 990 IS PROVIDED TO THE FINANCE COMMITTEE, WHICH THEN REVIEWS AND APPROVES THE FORM 990 FOR FILING.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3OFFICERS AND DIRECTORS ARE REQUIRED TO DISCLOSE WHETHER OR NOT THEY HAVE ANY OWNERSHIP OR INTEREST IN ANY VENDOR WHO HAS PROVIDED SERVICES TO THE PWCVB, AND/OR, HAVE EARNED FROM THE PWCVB GREATER THAN $50,000. THE ORGANIZATION MONITORS AND ENFORCES COMPLIANCE WITH THE CONFLICT OF INTEREST POLICY BY ASKING BOARD MEMBERS TO DISCLOSE ANY CONFLICT OF INTEREST TO AGENDA ITEMS AT EACH BOARD OF DIRECTOR MEETING.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4IN COMPLIANCE WITH INTERNAL REVENUE SERVICE GUIDELINES FOR APPROVAL OF SENIOR MANAGEMENT COMPENSATION, THE BOARD OF DIRECTORS OF THE PROVIDENCE WARWICK CONVENTION & VISITORS BUREAU WILL FOLLOW THE FOLLOWING GUIDELINES FOR REVIEW AND APPROVAL OF COMPENSATION OF THE CEO AND KEY EMPLOYEES. THE CRITERIA TO BE CONSIDERED IN DETERMINING EACH OF THE PRINCIPAL ELEMENTS OF EACH EXECUTIVE'S COMPENSATION AS WELL AS THE OVERALL COMPENSATION PACKAGE THEREOF, INCLUDE (1) COMPENSATIONS AWARDED TO COMPARABLE EXECUTIVES IN THE SAME INDUSTRY; (2) PERFORMANCE OF THE ORGANIZATION COMPARED TO TARGETED RESULTS AS WELL AS COMPARABLE COMPANIES; (3) THE PERFORMANCE OF THE EXECUTIVE DURING THE PAST YEAR COMPARABLE TO PERFORMANCE TARGETS SET; (4) ANY OTHER FACTOR WHICH THE ORGANIZATION DETERMINES TO BE RELEVANT. THE WEIGHT TO BE GIVEN TO EACH OF THE FOREGOING CRITERIA IS DETERMINED BY THE PERSONNEL/COMPENSATION COMMITTEE IN THE EXERCISE OF ITS REASONABLE JUDGEMENT IN ACCORDANCE WITH THE PURPOSES OF THIS EXECUTIVE COMPENSATION POLICY.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5THE ORGANIZATION MAKES ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6THIS PROCRESS HAS NOT CHANGED FROM PRIOR YEAR.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART VI, SECTION A, LINE 6
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, SECTION A, LINE 7A
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PART VI, SECTION B, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PART VI, SECTION B, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PART VI, SECTION B, LINE 15
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5FORM 990, PART VI, SECTION C, LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc6PART XII, LINE 2C
IRS990/SchoolOperatingInd00
IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
IRS990/StatesWhereCopyOfReturnIsFldCd0RI
IRS990/SubjectToExcsTaxNetInvstIncInd00
IRS990/SubjectToProxyTaxInd01
IRS990/SubjToTaxRmnrtnExPrchtPymtInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TerminateOperationsInd00
IRS990/TotalAssetsBOYAmt01345846
IRS990/TotalAssetsEOYAmt02565053
IRS990/TotalAssetsGrp/BOYAmt01345846
IRS990/TotalAssetsGrp/EOYAmt02565053
IRS990/TotalCompGreaterThan150KInd01
IRS990/TotalContributionsAmt0937098
IRS990/TotalEmployeeCnt025
IRS990/TotalFunctionalExpensesGrp/TotalAmt02692457
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt0306303
IRS990/TotalLiabilitiesEOYAmt0817943
IRS990/TotalLiabilitiesGrp/BOYAmt0306303
IRS990/TotalLiabilitiesGrp/EOYAmt0817943
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt01039543

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$5.02$1.75$3.27$7.26$6.72$0.54
2023Detailed filing. Detailed filing data is available for this year.$4.62$1.94$2.68$5.53$4.91$0.62
2022XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$2.74$0.68$2.06$4.08$3.77$0.31
2021Detailed filing. Detailed filing data is available for this year.$2.57$0.82$1.75$3.40$2.69$0.71
2020XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.35$0.31$1.04$3.29$3.26$0.03
2019Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.48$0.47$1.01$4.13$4.05$0.08
2018Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.51$0.57$0.93$4.00$3.98$0.02
2017XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.42$0.45$0.97$3.84$3.88$0.04
2016XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.43$0.43$1.00$3.80$3.67$0.13
2015Detailed filing. Detailed filing data is available for this year.$1.18$0.31$0.87$3.63$3.53$0.10
2014Detailed filing. Detailed filing data is available for this year.$1.06$0.29$0.77$3.54$3.59$0.05
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.09$0.26$0.82$3.18$3.22$0.04
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.05$0.19$0.87$3.09
2011Summary only. Only limited summary data is available for this year.$1.02$0.18$0.84$2.97$2.90$0.08
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.93$0.17$0.76$2.80
Peer Organizations

Similar nonprofits based on the same Siviq industry and scale cohort. 2021 filings • 501(c)6 • $1M-$5M nonprofits