Civic Intelligence

Saratoga Convention and Tourism Bureau

EIN 14-1666181 • 501(c)6 • Saratoga Springs, NY

Profile

Saratoga convention & tourism bureau is a key economic development engine for the saratoga community, the mission of the saratoga convention & tourism bureau is to contribute a positive impact on the local economy by promoting and marketing saratoga springs and saratoga county as a world-class destination for meetings, conventions and groups.

60 Railroad Place 301Saratoga Springs, NY 12866

www.discoversaratoga.org

Siviq Scores

Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.

Liabilities / Assets

55th percentile

0.18x

Higher debt load relative to assets than 55% of similar nonprofits.

501(c)6 • $1M-$5M nonprofits • Source year 2024

Liabilities / Revenue

46th percentile

0.14x

Higher debt load relative to revenue than 46% of similar nonprofits.

501(c)6 • $1M-$5M nonprofits • Source year 2024

Net Margin

37th percentile

0.8%

Higher net margin than 37% of similar nonprofits.

501(c)6 • $1M-$5M nonprofits • Source year 2024

Top Officer Pay

77th percentile

$234,164

Higher top officer pay than 77% of similar nonprofits.

Top officer pay equals 8.9% of source-year revenue.

501(c)6 • $1M-$5M nonprofits • Source year 2024

Asset Growth

21st percentile

-5.4%

Faster asset growth than 21% of similar nonprofits.

501(c)6 • $1M-$5M nonprofits • Annualized from 2023 to 2024

Revenue Growth

84th percentile

26%

Faster revenue growth than 84% of similar nonprofits.

501(c)6 • $1M-$5M nonprofits • Annualized from 2023 to 2024

Assets

Down

$2,044,889

Down $116,912 (-5.4%) from 2023

Liabilities

Down

$366,942

Down $138,334 (-27%) from 2023

Net Assets

Up

$1,677,947

Up $21,422 (+1.3%) from 2023

Revenue

Up

$2,641,448

Up $543,870 (+26%) from 2023

Expenses

Up

$2,620,026

Up $876,784 (+50%) from 2023

Net Income

Down

$21,422

Down $332,914 (-94%) from 2023

Trend Graphs

Balance Sheet Trend

Grouped bars show assets, liabilities, and net assets across loaded filings.

$3.0M$2.0M$1.0M$0Assets 2010: $526,501Liabilities 2010: $0Net Assets 2010: $526,5012010Assets 2011: $557,727Liabilities 2011: $0Net Assets 2011: $557,7272011Assets 2012: $627,691Liabilities 2012: $0Net Assets 2012: $627,6912012Assets 2013: $634,288Liabilities 2013: $0Net Assets 2013: $634,2882013Assets 2014: $659,031Liabilities 2014: $0Net Assets 2014: $659,0312014Assets 2015: $672,643Liabilities 2015: $0Net Assets 2015: $672,6432015Assets 2016: $619,149Liabilities 2016: $0Net Assets 2016: $619,1492016Assets 2017: $574,969Liabilities 2017: $64,976Net Assets 2017: $509,9932017Assets 2018: $668,304Liabilities 2018: $101,663Net Assets 2018: $566,6412018Assets 2019: $712,822Liabilities 2019: $116,546Net Assets 2019: $596,2762019Assets 2020: $688,518Liabilities 2020: $283,588Net Assets 2020: $404,9302020Assets 2021: $1,297,974Liabilities 2021: $299,440Net Assets 2021: $998,5342021Assets 2022: $1,903,264Liabilities 2022: $601,076Net Assets 2022: $1,302,1882022Assets 2023: $2,161,801Liabilities 2023: $505,276Net Assets 2023: $1,656,5252023Assets 2024: $2,044,889Liabilities 2024: $366,942Net Assets 2024: $1,677,9472024

Highlighted filing

2024

Assets$2,044,889
Liabilities$366,942
Net Assets$1,677,947

Operations Trend

Revenue, expenses, and net income by year, with the latest filing highlighted.

$3.0M$2.0M$1.0M$0-$1.0MExpenses 2010: $957,9072010Expenses 2011: $993,6932011Expenses 2012: $1,099,4702012Revenue 2013: $1,188,911Expenses 2013: $1,182,314Net Income 2013: $6,5972013Revenue 2014: $1,304,839Expenses 2014: $1,280,096Net Income 2014: $24,7432014Revenue 2015: $1,481,613Expenses 2015: $1,468,001Net Income 2015: $13,6122015Revenue 2016: $1,623,103Expenses 2016: $1,676,597Net Income 2016: -$53,4942016Revenue 2017: $1,589,643Expenses 2017: $1,827,659Net Income 2017: -$238,0162017Revenue 2018: $1,905,238Expenses 2018: $1,848,590Net Income 2018: $56,6482018Revenue 2019: $1,766,178Expenses 2019: $1,736,543Net Income 2019: $29,6352019Revenue 2020: $859,135Expenses 2020: $1,050,481Net Income 2020: -$191,3462020Revenue 2021: $1,608,505Expenses 2021: $1,014,901Net Income 2021: $593,6042021Revenue 2022: $1,913,876Expenses 2022: $1,610,222Net Income 2022: $303,6542022Revenue 2023: $2,097,578Expenses 2023: $1,743,242Net Income 2023: $354,3362023Revenue 2024: $2,641,448Expenses 2024: $2,620,026Net Income 2024: $21,4222024

Highlighted filing

2024

Revenue$2,641,448
Expenses$2,620,026
Net Income$21,422

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$2.04$0.37$1.68$2.64$2.62$0.02
2023XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$2.16$0.51$1.66$2.10$1.74$0.35
2022Detailed filing. Detailed filing data is available for this year.$1.90$0.60$1.30$1.91$1.61$0.30
2021Detailed filing. Detailed filing data is available for this year.$1.30$0.30$1.00$1.61$1.01$0.59
2020Detailed filing. Detailed filing data is available for this year.$0.69$0.28$0.40$0.86$1.05$0.19
2019XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.71$0.12$0.60$1.77$1.74$0.03
2018Detailed filing. Detailed filing data is available for this year.$0.67$0.10$0.57$1.91$1.85$0.06
2017XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.57$0.06$0.51$1.59$1.83$0.24
2016XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.62$0.00$0.62$1.62$1.68$0.05
2015Detailed filing. Detailed filing data is available for this year.$0.67$0.00$0.67$1.48$1.47$0.01
2014XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.66$0.00$0.66$1.30$1.28$0.02
2013Detailed filing. Detailed filing data is available for this year.$0.63$0.00$0.63$1.19$1.18$0.01
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.63$0.00$0.63$1.10
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.56$0.00$0.56$0.99
2010XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.53$0.00$0.53$0.96
Latest Detailed Filing

The latest 2024 filing currently has linked XML that has not been fully parsed yet. Showing the latest detailed filing from 2022 below.

Jump To
Filing Snapshot
Filing Period
Jan 1, 2022 to Dec 31, 2022
Signed
Mar 20, 2023
Return Version
2022v5.0
Gross Receipts
$1,913,876
Mission and Program Overview

Mission

Saratoga convention & tourism bureau is a key economic development engine for the saratoga community, the mission of the saratoga convention & tourism bureau is to contribute a positive impact on the local economy by promoting and marketing saratoga springs and saratoga county as a world-class destination for meetings, conventions and groups.

Saratoga convention & tourism bureau is a key economic development engine for this community, the mission of the saratoga convention & tourism bureau is to contribute a positive impact on the local economy by promoting and marketing saratoga springs and saratoga county as a world-class destination for meetings, conventions and groups.

Balance Sheet Detail
LineBeginningEndChange
Assets
Savings and Temporary Cash Investments$825,584$772,417▼ $53,167
Cash and Non-Interest-Bearing Accounts$8,614$414,364▲ $405,750
Accounts Receivable$403,828$393,432▼ $10,396
Prepaid Expenses and Deferred Charges$45,353$64,709▲ $19,356
Land, Buildings, and Equipment, Net$14,595$10,109▼ $4,486
Total Assets$1,297,974$1,903,264▲ $605,290
Other Assets Total$0$248,233▲ $248,233
Liabilities
Other Liabilities$0$247,472▲ $247,472
Unsecured Notes Loans Payable$150,000$150,000→ $0
Accounts Payable and Accrued Expenses$93,854$141,635▲ $47,781
Deferred Revenue$55,586$61,969▲ $6,383
Total Liabilities$299,440$601,076▲ $301,636
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$998,534$1,302,188▲ $303,654
Total Net Assets Fund Balance$998,534$1,302,188▲ $303,654
Total Liabilities and Net Assets / Fund Balance$1,297,974$1,903,264▲ $605,290

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$5,362$62,838$68,200
Other Land Buildings$0$56,913$56,913
Leasehold Improvements$4,747$29,023$33,770
Other Assets Org$248,233--
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Darryl LeggieriPresidentFT$163,472$8,876$172,348
Mary Jo JanisVice PresidentFT$126,720$22,343$149,063

Board Members and Trustees

NameTitle
Ryan McmahonBoard Chair
Amy SmithImmediate Past Chair
Carmine Decrescente IiiIncoming Board Chair
Alex TuckerDirector
Charlie HoertkornDirector
Dan FortierDirector
David HayesDirector
Helen WatsonDirector
Jasper AlexanderDirector
Kevin TuohyDirector
Kristy Godette VentreDirector
Leslie DicarloDirector
Maddy ZanettiDirector
Nafeesa KoslikDirector
Ryan McfaddenDirector
Saad JunaidDirector
Samantha BosshartDirector
Sean WillcoxonDirector
Teddy FosterDirector
Thomas NewkirkDirector
Thomas OlsenDirector
Todd ShimkusDirector
Nancy BambaraAt Large Committee Member
Megan HennesseyTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$167,252
Program Service Revenue
$1,746,624
Investment Income
$0
Other Revenue
$0
Change in Net Assets
$303,654

Audited Revenue Reconciliation

Revenue per Audited Statements
$1,913,876
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$0
Total Revenue per Audited Statements
$1,913,876
Total Revenue per Form 990
$1,913,876
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$960,897
Other Expenses$649,325
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$518,077$129,521-$647,598
Current Officers, Directors, Trustees, and Key Employees$137,173$34,293-$171,466
Advertising-$129,974-$129,974
Information Technology$82,927$14,634-$97,561
Occupancy$70,588$17,647-$88,235
Other Employee Benefits$62,103$15,526-$77,629
Payroll Taxes$51,363$12,841-$64,204
Fees for Services Accounting$2,895$54,584-$57,479
Travel$42,506--$42,506
Office Expenses$29,207$7,302-$36,509
Fees for Services Other-$12,000-$12,000
Other Expenses$21,874$7,339-$7,339
All Other Expenses$5,284$1,431-$6,715
Insurance-$4,879-$4,879
Depreciation Depletion-$4,486-$4,486
Fees for Services Legal-$428-$428
Total Functional Expenses$1,143,205$467,017$0$1,610,222

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$1,610,222
Total Expenses per Audited Statements$1,610,222
Total Expenses per Form 990$1,610,222
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
Yes
Subject to proxy tax
Yes
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Lease Liability$247,472
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
No
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 B, Line 11B

The form 990 is made available to all board members for review before filing

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

Conflict of interest statements are provided annually and each board member is required to complete and sign the form. All conflicts are discussed and approved by all board members.

Form 990, Part VI, Section B, Line 15A

Compensation is determined using comparable data of executive directors in the capital district.

Form 990, Part VI, Section C, Line 19

Governing documents are available during regular business hours at the organization's office.

Filing and Contact Details

Filer

Filer Name
Saratoga Convention and Tourism Bureau
EIN
14-1666181
Phone
5185841531
Address
60 RAILROAD PLACE 301, SARATOGA SPRINGS, NY 12866

Signing Officer

Name
Darryl Leggieri
Title
President
Phone
5185841531
Signed
2023-03-20
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Darryl Leggieri
Formed
1985
Legal Domicile
Ny
Voting Board Members
23
Independent Board Members
23
Employees
10
Volunteers
25

Preparer

Firm
Bonadio & Co Llp
Address
6 WEMBLEY COURT, ALBANY, NY 12205
Preparer
Kevin Testo
Phone
5184644080
Supplemental Narrative

Additional Explanations

Form 990, Part XII, Line 2C

No changes from prior year.

Raw XML AppendixShowing 400 of 562 raw XML fields

This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

Path#Value
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IRS990/AccountsReceivableGrp/EOYAmt0393432
IRS990/ActivitiesConductedPrtshpInd00
IRS990/ActivityOrMissionDesc0SARATOGA CONVENTION & TOURISM BUREAU IS A KEY ECONOMIC DEVELOPMENT ENGINE FOR THIS COMMUNITY, THE MISSION OF THE SARATOGA CONVENTION & TOURISM BUREAU IS TO CONTRIBUTE A POSITIVE IMPACT ON THE LOCAL ECONOMY BY PROMOTING AND MARKETING SARATOGA SPRINGS AND SARATOGA COUNTY AS A WORLD-CLASS DESTINATION FOR MEETINGS, CONVENTIONS AND GROUPS.
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IRS990/DelegationOfMgmtDutiesInd00
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IRS990/Desc0THE BUREAU PROMOTES CONVENTIONS AND TOURISM BY PROVIDING LITERATURE REGARDING PLACES OF INTEREST FOR TOURISTS' CONVENIENCE AND PROVIDING SUGGESTIONS FOR ATTRACTIONS TO THE AREA.
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IRS990/Form990PartVIISectionAGrp/PersonNm11CARMINE DECRESCENTE III
IRS990/Form990PartVIISectionAGrp/PersonNm12JASPER ALEXANDER
IRS990/Form990PartVIISectionAGrp/PersonNm13SEAN WILLCOXON
IRS990/Form990PartVIISectionAGrp/PersonNm14MADDY ZANETTI
IRS990/Form990PartVIISectionAGrp/PersonNm15TEDDY FOSTER
IRS990/Form990PartVIISectionAGrp/PersonNm16ALEX TUCKER
IRS990/Form990PartVIISectionAGrp/PersonNm17NANCY BAMBARA
IRS990/Form990PartVIISectionAGrp/PersonNm18LESLIE DICARLO
IRS990/Form990PartVIISectionAGrp/PersonNm19HELEN WATSON
IRS990/Form990PartVIISectionAGrp/PersonNm20DAVID HAYES
IRS990/Form990PartVIISectionAGrp/PersonNm21CHARLIE HOERTKORN
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IRS990/Form990PartVIISectionAGrp/PersonNm23NAFEESA KOSLIK
IRS990/Form990PartVIISectionAGrp/PersonNm24DARRYL LEGGIERI
IRS990/Form990PartVIISectionAGrp/PersonNm25MARY JO JANIS
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IRS990/Form990PartVIISectionAGrp/TitleTxt2DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt3TREASURER
IRS990/Form990PartVIISectionAGrp/TitleTxt4DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt5DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt6DIRECTOR
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IRS990/Form990PartVIISectionAGrp/TitleTxt9DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt10DIRECTOR
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IRS990/Form990PartVIISectionAGrp/TitleTxt12DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt13DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt14DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt15DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt16DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt17AT LARGE COMMITTEE MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt18DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt19DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt20DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt21DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt22DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt23DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt24PRESIDENT
IRS990/Form990PartVIISectionAGrp/TitleTxt25VICE PRESIDENT
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IRS990/MissionDesc0SARATOGA CONVENTION & TOURISM BUREAU IS A KEY ECONOMIC DEVELOPMENT ENGINE FOR THE SARATOGA COMMUNITY, THE MISSION OF THE SARATOGA CONVENTION & TOURISM BUREAU IS TO CONTRIBUTE A POSITIVE IMPACT ON THE LOCAL ECONOMY BY PROMOTING AND MARKETING SARATOGA SPRINGS AND SARATOGA COUNTY AS A WORLD-CLASS DESTINATION FOR MEETINGS, CONVENTIONS AND GROUPS.
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