Civic Intelligence

Philadelphia Convention & Visitors

EIN 23-0969325 • 501(c)6 • Philadelphia, PA

Profile

The philadelphia convention & visitors bureau (phlcvb) is the official tourism promotion agency for the city of philadelphia globally, and the long-term sales and marketing agency for the pennsylvania convention center. We market philadelphia as a top u.s. Destination for meetings, conventions, sporting events and overseas tourism. In fiscal year 2024, the phlcvb achieved significant milestones, highlighted by launching its first joint marketing campaign with visit philadelphia, "come for philadelphia. Stay for philly." the phlcvb hosted 264 events in total, including 20 citywide events (those with over 2,000 room nights on peak) that boosted the local economy. The phlcvb also secured major events for the future, such as the pcma convening leaders in 2026 and the bio international convention in 2027. Global partnerships, including a collaboration with michelin, elevated philadelphia's international profile, while infrastructure upgrades by the pennsylvania convention center authority (

1601 Market St Suite 200Philadelphia, PA 19102

www.discoverphl.com

Siviq Scores

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

Liabilities / Assets

56th percentile

0.31x

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

501(c)6 • $25M-$50M nonprofits • Source year 2025

Liabilities / Revenue

36th percentile

0.35x

Higher debt load relative to revenue than 36% of similar nonprofits.

501(c)6 • $25M-$50M nonprofits • Source year 2025

Net Margin

47th percentile

5.2%

Higher net margin than 47% of similar nonprofits.

501(c)6 • $25M-$50M nonprofits • Source year 2025

Top Officer Pay

55th percentile

$618,957

Higher top officer pay than 55% of similar nonprofits.

Top officer pay equals 2.5% of source-year revenue.

501(c)6 • $25M-$50M nonprofits • Source year 2025

Asset Growth

55th percentile

9.3%

Faster asset growth than 55% of similar nonprofits.

501(c)6 • $25M-$50M nonprofits • Annualized from 2024 to 2025

Revenue Growth

43rd percentile

5.6%

Faster revenue growth than 43% of similar nonprofits.

501(c)6 • $25M-$50M nonprofits • Annualized from 2024 to 2025

Assets

Up

$27,841,017

Up $2,359,492 (+9.3%) from 2024

Liabilities

Up

$8,557,931

Up $1,067,386 (+14%) from 2024

Net Assets

Up

$19,283,086

Up $1,292,106 (+7.2%) from 2024

Revenue

Up

$24,719,214

Up $1,314,551 (+5.6%) from 2024

Expenses

Up

$23,427,108

Up $2,226,000 (+10%) from 2024

Net Income

Down

$1,292,106

Down $911,449 (-41%) from 2024

Trend Graphs

Balance Sheet Trend

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

$30M$20M$10M$0Assets 2010: $5,647,008Liabilities 2010: $4,425,276Net Assets 2010: $1,221,7322010Assets 2011: $5,533,226Liabilities 2011: $4,374,086Net Assets 2011: $1,159,1402011Assets 2012: $5,733,481Liabilities 2012: $4,101,053Net Assets 2012: $1,632,4282012Assets 2013: $5,622,479Liabilities 2013: $3,758,003Net Assets 2013: $1,864,4762013Assets 2014: $6,950,216Liabilities 2014: $4,194,035Net Assets 2014: $2,756,1812014Assets 2015: $8,384,771Liabilities 2015: $5,122,807Net Assets 2015: $3,261,9642015Assets 2016: $7,394,603Liabilities 2016: $3,738,347Net Assets 2016: $3,656,2562016Assets 2017: $8,461,917Liabilities 2017: $4,501,146Net Assets 2017: $3,960,7712017Assets 2018: $10,116,668Liabilities 2018: $4,939,757Net Assets 2018: $5,176,9112018Assets 2019: $12,165,571Liabilities 2019: $5,504,680Net Assets 2019: $6,660,8912019Assets 2020: $10,682,629Liabilities 2020: $3,455,431Net Assets 2020: $7,227,1982020Assets 2021: $12,011,109Liabilities 2021: $6,543,902Net Assets 2021: $5,467,2072021Assets 2022: $21,636,489Liabilities 2022: $7,817,508Net Assets 2022: $13,818,9812022Assets 2023: $24,266,720Liabilities 2023: $8,479,295Net Assets 2023: $15,787,4252023Assets 2024: $25,481,525Liabilities 2024: $7,490,545Net Assets 2024: $17,990,9802024Assets 2025: $27,841,017Liabilities 2025: $8,557,931Net Assets 2025: $19,283,0862025

Highlighted filing

2025

Assets$27,841,017
Liabilities$8,557,931
Net Assets$19,283,086

Operations Trend

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

$30M$20M$10M$0-$10MExpenses 2010: $17,500,1072010Revenue 2011: $15,722,077Expenses 2011: $15,784,669Net Income 2011: -$62,5922011Expenses 2012: $13,698,0092012Expenses 2013: $16,769,5382013Revenue 2014: $15,652,329Expenses 2014: $14,760,624Net Income 2014: $891,7052014Revenue 2015: $17,214,037Expenses 2015: $16,708,254Net Income 2015: $505,7832015Revenue 2016: $15,905,029Expenses 2016: $15,510,737Net Income 2016: $394,2922016Revenue 2017: $17,147,499Expenses 2017: $16,842,984Net Income 2017: $304,5152017Revenue 2018: $18,228,275Expenses 2018: $17,012,135Net Income 2018: $1,216,1402018Revenue 2019: $20,555,890Expenses 2019: $19,071,910Net Income 2019: $1,483,9802019Revenue 2020: $17,346,622Expenses 2020: $16,780,315Net Income 2020: $566,3072020Revenue 2021: $7,441,496Expenses 2021: $9,201,487Net Income 2021: -$1,759,9912021Revenue 2022: $20,955,897Expenses 2022: $12,604,123Net Income 2022: $8,351,7742022Revenue 2023: $18,769,517Expenses 2023: $16,801,073Net Income 2023: $1,968,4442023Revenue 2024: $23,404,663Expenses 2024: $21,201,108Net Income 2024: $2,203,5552024Revenue 2025: $24,719,214Expenses 2025: $23,427,108Net Income 2025: $1,292,1062025

Highlighted filing

2025

Revenue$24,719,214
Expenses$23,427,108
Net Income$1,292,106

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2025Detailed filing. Detailed filing data is available for this year.$27.8$8.56$19.3$24.7$23.4$1.29
2024Detailed filing. Detailed filing data is available for this year.$25.5$7.49$18.0$23.4$21.2$2.20
2023Detailed filing. Detailed filing data is available for this year.$24.3$8.48$15.8$18.8$16.8$1.97
2022Detailed filing. Detailed filing data is available for this year.$21.6$7.82$13.8$21.0$12.6$8.35
2021Detailed filing. Detailed filing data is available for this year.$12.0$6.54$5.47$7.44$9.20$1.76
2020Detailed filing. Detailed filing data is available for this year.$10.7$3.46$7.23$17.3$16.8$0.57
2019Detailed filing. Detailed filing data is available for this year.$12.2$5.50$6.66$20.6$19.1$1.48
2018Detailed filing. Detailed filing data is available for this year.$10.1$4.94$5.18$18.2$17.0$1.22
2017Detailed filing. Detailed filing data is available for this year.$8.46$4.50$3.96$17.1$16.8$0.30
2016Detailed filing. Detailed filing data is available for this year.$7.39$3.74$3.66$15.9$15.5$0.39
2015Detailed filing. Detailed filing data is available for this year.$8.38$5.12$3.26$17.2$16.7$0.51
2014Detailed filing. Detailed filing data is available for this year.$6.95$4.19$2.76$15.7$14.8$0.89
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$5.62$3.76$1.86$16.8
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$5.73$4.10$1.63$13.7
2011Summary only. Only limited summary data is available for this year.$5.53$4.37$1.16$15.7$15.8$0.06
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$5.65$4.43$1.22$17.5
Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jul 1, 2024 to Jun 30, 2025
Signed
Mar 4, 2026
Return Version
2024v5.0
Gross Receipts
$24,719,214
Mission and Program Overview

Mission

The philadelphia convention & visitors bureau (phlcvb) is the official tourism promotion agency for the city of philadelphia globally, and the sales and marketing agency for the pennsylvania convention center (pcc). Phlcvb markets philadelphia as a top destination for meetings, conventions, sporting events and international leisure tourism. In fiscal 2025, the phlcvb hosted 267 events in total, including 21 citywide events (those with over 2,000 room nights on peak) that boosted the local economy. These events resulted in 410 million in direct spend and 636 million in economic impact, which generated 27.2 million in local tax revenue and 31.9 million in state tax revenue. Key programs included: -convention sales: sales and incentive efforts to attract, book, and rebook major conventions, tradeshows, meetings, and sporting events to position philadelphia as a premier meeting destination around the world. -destination services: connecting meeting planners with philadelphia stakeholders i

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$9,042,166$13,253,802▲ $4,211,636
Savings and Temporary Cash Investments$10,593,467$11,066,010▲ $472,543
Intangible Assets$2,110,708$1,738,650▼ $372,058
Prepaid Expenses and Deferred Charges$448,605$810,834▲ $362,229
Accounts Receivable$3,050,273$669,416▼ $2,380,857
Land, Buildings, and Equipment, Net$236,306$233,611▼ $2,695
Total Assets$25,481,525$27,841,017▲ $2,359,492
Other Assets Total-$68,694-
Liabilities
Accounts Payable and Accrued Expenses$2,797,318$3,758,991▲ $961,673
Deferred Revenue$2,250,202$2,667,202▲ $417,000
Other Liabilities$2,443,025$2,131,738▼ $311,287
Total Liabilities$7,490,545$8,557,931▲ $1,067,386
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$17,990,980$19,283,086▲ $1,292,106
Total Net Assets Fund Balance$17,990,980$19,283,086▲ $1,292,106
Total Liabilities and Net Assets / Fund Balance$25,481,525$27,841,017▲ $2,359,492

Asset Categories

AssetBook ValueDepreciationBasis
Leasehold Improvements$261,674$400,557$662,231
Other Land Buildings$-28,063$467,462$439,399
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Gregg CarenPres. & CEOFT$407,489$211,468$618,957
Maria GrassoChief SalesFT$299,470$64,522$363,992
Maria GrassoChief Sales Officer-$233,216$130,776$363,992
Larry NeedleExec Director PhFT$245,727$52,560$298,287
Larry NeedleExec Director Phl Sports-$188,969$109,318$298,287
Arthur M AyresCFOFT$198,520$106,814$268,549
Joseph HellerCMOFT$222,635$62,222$263,993
Bonnie GrantEx Director Phl LFT$201,287$41,650$242,937
Bonnie GrantEx Director Phl Life-$161,516$50,636$242,937
Jason JordanVP ConventioFT$159,375$65,622$224,997
Jason JordanVP Convention Sales-$138,004$66,129$224,997
Kevin RichardNAT'L ACCOUNFT$188,404$24,409$212,813
Kevin RichardNAT'L ACCOUNTS Director-$184,521$28,292$212,813
Christine SpencerMarketing DiFT$142,390$37,973$180,363
Christine SpencerMarketing Director-$135,457$38,906$180,363

Board Members and Trustees

Highest Paid Contractors

ContractorServicesLocationCompensation
Conex Exhibition ServicesExhibit Service2025 BRICKELL AVE, Miami, FL 33129$724,108
Pa 1601 Market Street LPRent1601 MARKET STREET SUITE 2220, Philadelphia, PA 19103$461,136
Iii-interactive LLCConvention Svcs602 FAY STREET SUITE 101, Columbia, MO 65201$255,250
Conferencedirect LLCHr Services8209 HAMILTON BLVD, Breinigsville, PA 18031$148,320
-Conference Svcs193 BLUE RAVINE ROAD SUITE 190, Folson, CA 95630$138,810
Revenue and Support

Revenue Composition

Contributions and Grants
$14,828,576
Program Service Revenue
$8,965,704
Investment Income
$908,340
Other Revenue
$16,594
Change in Net Assets
$1,292,106

Audited Revenue Reconciliation

Revenue per Audited Statements
$24,719,214
Revenue Not Reported on Form 990
$24,345
Total Revenue per Audited Statements
$24,743,559
Total Revenue per Form 990
$24,719,214
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$13,488,221
Salaries, Compensation, and Employee Benefits$9,938,887
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Advertising$8,077,054$96,432-$8,173,486
Other Salaries and Wages$5,762,153$741,020-$6,503,173
Other Employee Benefits$1,770,837$344,808-$2,115,645
Travel$1,743,319$11,719-$1,755,038
Current Officers, Directors, Trustees, and Key Employees$1,174,861$145,208-$1,320,069
Fees for Services Other$808,511$345,523-$1,154,034
Conferences and Meetings$576,422--$576,422
Occupancy$402,769$17,000-$419,769
Information Technology$318,066$98,531-$416,597
Office Expenses$112,486$54,722-$167,208
Insurance-$59,232-$59,232
Depreciation Depletion$42,253$5,762-$48,015
Fees for Services Accounting-$43,296-$43,296
Fees for Services Legal-$32,828-$32,828
Other Expenses$4,920$1,102-$6,022
Total Functional Expenses$21,227,503$2,199,605$0$23,427,108

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$23,451,453
Expenses per Audited Statements$23,427,108
Total Expenses per Form 990$23,427,108
Expenses Not Reported on Form 990$24,345
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
Operating Lease Liability$2,033,044
Deferred Compensation Liability$98,694
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
Business relationship with 35% controlled entity
No
Business relationship with family members
No
Business relationship with organization members
Yes
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
Yes
Key decisions subject to board approval
Yes
Management duties delegated
No

Governance Explanations

Form 990, Page 6, Part VI, Line 6

The organization has members.

Form 990, Page 6, Part VI, Line 7A

The administrative committee, represented by the leadership of the governing body, has full authority of the governing body in its absence.

Form 990, Page 6, Part VI, Line 7B

In accordance with part vi, line 7a, the administrative committee, represented by the leadership of the governing body, has full authority of the governing body in its absence.

Form 990, Page 6, Part VI, Line 11B

The finance committee of the board reviews the form 990 prior to filing. A copy is distributed to each member of the committee and to the leadership of the board. Copies are available upon request.

Form 990, Page 6, Part VI, Line 12C

Annual disclosure statements are obtained from the governing body and staff. When a conflict arises, board members identify the conflict and excuse themselves from any discussion or vote. The organization has a signed policy from 100% of board and staff.

Form 990, Page 6, Part VI, Line 15A

Phlcvb participates in an annual compensation review for all positions in the company, including the highly compensated employees. An industry survey is taken and results are reviewed to make sure we are in line with industry standards.

Form 990, Page 6, Part VI, Line 15B

Phlcvb participates in an annual compensation review for all positions in the company, including the highly compensated employees. An industry survey is taken and results are reviewed to make sure we are in line with industry standards.

Form 990, Page 6, Part VI, Line 19

The governing documents are made available to the public upon request.

Filing and Contact Details

Filer

Filer Name
Philadelphia Convention & Visitors
EIN
23-0969325
Phone
2156363300
Address
1601 MARKET ST SUITE 200, PHILADELPHIA, PA 19102

Signing Officer

Name
Gregg Caren
Title
Pres. & CEO
Phone
2156364462
Signed
2026-03-04
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Gregg Caren
Formed
1942
Legal Domicile
Pa
Voting Board Members
66
Independent Board Members
65
Employees
65

Preparer

Firm
Milligan & Company LLC
Address
105 N 22ND ST FL 2, PHILADELPHIA, PA 19103-1302
Preparer
John Milligan CPA
Phone
2154969100
Supplemental Narrative

Additional Explanations

FORM 990 - ORGANIZATION'S MISSION

The philadelphia convention & visitors bureau (phlcvb) is the official tourism promotion agency for the city of philadelphia globally, and the sales and marketing agency for the pennsylvania convention center (pcc). Phlcvb markets philadelphia as a top destination for meetings, conventions, sporting events and international leisure tourism. In fiscal 2025, the phlcvb hosted 267 events in total, including 21 citywide events (those with over 2,000 room nights on peak) that boosted the local economy. These events resulted in 410 million in direct spend and 636 million in economic impact, which generated 27.2 million in local tax revenue and 31.9 million in state tax revenue. Key programs included: -convention sales: sales and incentive efforts to attract, book, and rebook major conventions, tradeshows, meetings, and sporting events to position philadelphia as a premier meeting destination around the world. -destination services: connecting meeting planners with philadelphia stakeholders including hotel partners, venue owners, and other vendors, to help facilitate their event. -global tourism: international leisure tourism sales and marketing -group tour sales: sales and marketing efforts to bring tour groups of all sizes to philadelphia. -marketing & communications: supports the phlcvb and the pennsylvania convention center by promoting philadelphia and the region through a variety of opportunities driven by earned, owned and paid media programming. -partnership: connecting over 760 partners annually to opportunities to grow their business through tourism generated by the phlcvb's sales efforts. -267 total events booked by the phlcvb, including 21 citywide events (over 2,000 room nights on peak), with 542,202 attendees, resulting in 581,612 room nights and 636 million in economic impact.

Form 990, Page 2, Part III, Line 4A

Convention sales the phlcvb's convention sales program is charged with helping to drive overnight visitation by booking and servicing meetings, conventions, trade shows, and sporting events into the pcc, partner hotels, and venues around the city. This activity is critical to the success of philadelphia's tourism industry, as meetings and conventions are longer-term pieces of business that provide a strong foundation for philadelphia's economy and provide security for philadelphia's hospitality-related jobs. The convention sales function also includes three key verticals - phl diversity, phl life sciences, and phl sports. In fiscal 2025, philadelphia's hospitality industry continued to see year- over-year improvements in performance metrics across many categories. -the phlcvb secured 297 events for future years, including 17 city-wide events, projected to bring an estimated 567,562 attendees to philadelphia, generating an estimated 586,851 total room nights. Phl life sciences: phl life sciences is the first and only division of a cvb in the country focused on life sciences meetings. The division works to provide access to philadelphia's substantial healthcare and higher education community of academics, medical and nursing leaders, healthcare experts, biotechnology, pharmaceutical, and related venture capital contacts. Division highlights include: -in fiscal 2025, phl life sciences hosted 59 events, welcoming 82,606 attendees, and 146,603 room nights. The division booked 73 conventions for future years with an estimated 72,667 attendees and 116,799 room nights. -the 2025 american society of anesthesiologists annual meeting welcomed more than 12,000 medical professionals and researchers to the pcc. The event included educational sessions and workshops that provided the opportunity for professionals to share knowledge and new directions in research and practice. -cphi north america, the nation's premier pharmaceutical convention, hosted at the pcc over the course of three days, creating connections and partnerships across the global pharma community. Phl sports: for more than 30 years, phl sports has brought major sporting events and conventions to philadelphia. Phl sports engages a wide range of community partners to promote and position philadelphia as a top destination for marquee sporting events. Division highlights include: -in fiscal 2025, phl sports booked 24 sporting events for future years with an estimated 279,360 attendees and 116,130 room nights. -in fiscal 2025, lincoln financial field hosted the ncaa men's lacrosse championships, welcoming more than 80,000 fans over memorial day weekend. Phl diversity: the phlcvb was one of the first cvbs in the u.s. To establish a division highlighting the destination as a diverse, equitable, and inclusive location for meetings, events, conventions, and visitors. For more than 30 years, phl diversity has been connecting meeting planners to local diverse businesses, suppliers and community leaders with shared values and goals who can help facilitate community engagement programs or serve as speakers and experts. Division highlights include: -in fiscal 2025, phl diversity hosted 19 events with 30,918 attendees and 32,847 room nights. The division booked 18 conventions for future years with an estimated 12,596 attendees and 19,980 room nights. -in october 2024, the anitab.org grace hopper celebration brought together 11,000 women and non-binary technologists for the world's largest conference dedicated to advancing diversity in tech through professional development, networking, and career opportunities. -delta sigma theta sorority 2024 held their eastern regional conference in philadelphia which brought together more than 10,000 members of the historic, service-driven sisterhood to the pcc for a weekend of empowerment, networking, and community impact.

Form 990, Page 2, Part III, Line 4B

Marketing & communications the marketing and communications team crafts content and campaigns that promote philadelphia, the phlcvb, and the pcc through a variety of programs targeting meeting and event planners, influencers, convention attendees, media, domestic group tour operators, international leisure travelers, and travel trade professionals. These activities all help to support the efforts of the convention sales and global tourism programs in driving overnight visitation to philadelphia through creative messaging and storytelling. Key highlights include: phlcvb marketing & communications campaigns: -the phlcvb's social media channels increased fans and followers by 76,586. Total followers across all owned accounts totaled 526,226 over 15 accounts in 4 countries. -in fiscal 2025, the phlcvb website had 227,113 unique visitors and 574,928 total page views.

Form 990, Page 2, Part III, Line 4C

Global tourism: -markets of focus for global tourism initiatives include representation firms around the globe in china, india, australia, mexico, canada, france, italy (also covers spain), germany (also covers austria and switzerland), the u.k. (also covers ireland), and the netherlands (also covers belgium and luxemburg). -in fiscal 2025, philadelphia welcomed 1.2 million visitors who chose to travel to the city from international destinations, resulting in 678.9 million in spending. These visitors contributed an economic impact of 1.2 billion and directly supported 9,548 hospitality jobs. -global tourism activity highlights include the team attending 62 sales events and hosting more than 150 trade partners from 14 countries on 22 fam tours of philadelphia.

Form 990, Page 2, Part III, Line 4D

Partnership (membership): the phlcvb partnership program provides regional businesses a platform for marketing their locations and services, and a valuable connection point with meeting professionals, local, regional, national and international visitors, business travelers and convention attendees. The program provides partners with research about the travel industry, trend analytics, current and future event bookings details, access to exclusive networking events, and more. -the phlcvb had 762 total partners, with 88 new partners joining over the year and a retention rate of 93%.

Financial Statement Notes

Schedule D, Page 3, Part X

The cvb is exempt from federal income tax under irc section 501(c)(6). Accordingly, no provision for income taxes is reflected in the consolidated financial statements. Cvb is subject to routine audits by taxing jurisdictions; however, there are currently no audits for any tax periods in progress. Cvb believes it is no longer subject to income tax examinations for years prior to 2022.

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IRS990/ActivityOrMissionDesc0THE PHILADELPHIA CONVENTION & VISITORS BUREAU (PHLCVB) IS THE OFFICIAL TOURISM PROMOTION AGENCY FOR THE CITY OF PHILADELPHIA GLOBALLY, AND THE SALES AND MARKETING AGENCY FOR THE PENNSYLVANIA CONVENTION CENTER (PCC). PHLCVB MARKETS PHILADELPHIA AS A TOP DESTINATION FOR MEETINGS, CONVENTIONS, SPORTING EVENTS AND INTERNATIONAL LEISURE TOURISM. IN FISCAL 2025, THE PHLCVB HOSTED 267 EVENTS IN TOTAL, INCLUDING 21 CITYWIDE EVENTS (THOSE WITH OVER 2,000 ROOM NIGHTS ON PEAK) THAT BOOSTED THE LOCAL ECONOMY. THESE EVENTS RESULTED IN 410 MILLION IN DIRECT SPEND AND 636 MILLION IN ECONOMIC IMPACT, WHICH GENERATED 27.2 MILLION IN LOCAL TAX REVENUE AND 31.9 MILLION IN STATE TAX REVENUE. KEY PROGRAMS INCLUDED: -CONVENTION SALES: SALES AND INCENTIVE EFFORTS TO ATTRACT, BOOK, AND REBOOK MAJOR CONVENTIONS, TRADESHOWS, MEETINGS, AND SPORTING EVENTS TO POSITION PHILADELPHIA AS A PREMIER MEETING DESTINATION AROUND THE WORLD. -DESTINATION SERVICES: CONNECTING MEETING PLANNERS WITH PHILADELPHIA STAKEHOLDERS I
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IRS990/Desc0CONVENTION SALES THE PHLCVB'S CONVENTION SALES PROGRAM IS CHARGED WITH HELPING TO DRIVE OVERNIGHT VISITATION BY BOOKING AND SERVICING MEETINGS, CONVENTIONS, TRADE SHOWS, AND SPORTING EVENTS INTO THE PCC, PARTNER HOTELS, AND VENUES AROUND THE CITY. THIS ACTIVITY IS CRITICAL TO THE SUCCESS OF PHILADELPHIA'S TOURISM INDUSTRY, AS MEETINGS AND CONVENTIONS ARE LONGER-TERM PIECES OF BUSINESS THAT PROVIDE A STRONG FOUNDATION FOR PHILADELPHIA'S ECONOMY AND PROVIDE SECURITY FOR PHILADELPHIA'S HOSPITALITY-RELATED JOBS. THE CONVENTION SALES FUNCTION ALSO INCLUDES THREE KEY VERTICALS - PHL DIVERSITY, PHL LIFE SCIENCES, AND PHL SPORTS. IN FISCAL 2025, PHILADELPHIA'S HOSPITALITY INDUSTRY CONTINUED TO SEE YEAR- OVER-YEAR IMPROVEMENTS IN PERFORMANCE METRICS ACROSS MANY CATEGORIES. -THE PHLCVB SECURED 297 EVENTS FOR FUTURE YEARS, INCLUDING 17 CITY-WIDE EVENTS, PROJECTED TO BRING AN ESTIMATED 567,562 ATTENDEES TO PHILADELPHIA, GENERATING AN ESTIMATED 586,851 TOTAL ROOM NIGHTS. PHL LIFE SCIENCES: PHL LIFE SCIENCES IS THE FIRST AND ONLY DIVISION OF A CVB IN THE COUNTRY FOCUSED ON LIFE SCIENCES MEETINGS. THE DIVISION WORKS TO PROVIDE ACCESS TO PHILADELPHIA'S SUBSTANTIAL HEALTHCARE AND HIGHER EDUCATION COMMUNITY OF ACADEMICS, MEDICAL AND NURSING LEADERS, HEALTHCARE EXPERTS, BIOTECHNOLOGY, PHARMACEUTICAL, AND RELATED VENTURE CAPITAL CONTACTS. DIVISION HIGHLIGHTS INCLUDE: -IN FISCAL 2025, PHL LIFE SCIENCES HOSTED 59 EVENTS, WELCOMING 82,606 ATTENDEES, AND 146,603 ROOM NIGHTS. THE DIVISION BOOKED 73 CONVENTIONS FOR FUTURE YEARS WITH AN ESTIMATED 72,667 ATTENDEES AND 116,799 ROOM NIGHTS. -THE 2025 AMERICAN SOCIETY OF ANESTHESIOLOGISTS ANNUAL MEETING WELCOMED MORE THAN 12,000 MEDICAL PROFESSIONALS AND RESEARCHERS TO THE PCC. THE EVENT INCLUDED EDUCATIONAL SESSIONS AND WORKSHOPS THAT PROVIDED THE OPPORTUNITY FOR PROFESSIONALS TO SHARE KNOWLEDGE AND NEW DIRECTIONS IN RESEARCH AND PRACTICE. -CPHI NORTH AMERICA, THE NATION'S PREMIER PHARMACEUTICAL CONVENTION, HOSTED AT THE PCC OVER THE COURSE OF THREE DAYS, CREATING CONNECTIONS AND PARTNERSHIPS ACROSS THE GLOBAL PHARMA COMMUNITY. PHL SPORTS: FOR MORE THAN 30 YEARS, PHL SPORTS HAS BROUGHT MAJOR SPORTING EVENTS AND CONVENTIONS TO PHILADELPHIA. PHL SPORTS ENGAGES A WIDE RANGE OF COMMUNITY PARTNERS TO PROMOTE AND POSITION PHILADELPHIA AS A TOP DESTINATION FOR MARQUEE SPORTING EVENTS. DIVISION HIGHLIGHTS INCLUDE: -IN FISCAL 2025, PHL SPORTS BOOKED 24 SPORTING EVENTS FOR FUTURE YEARS WITH AN ESTIMATED 279,360 ATTENDEES AND 116,130 ROOM NIGHTS. -IN FISCAL 2025, LINCOLN FINANCIAL FIELD HOSTED THE NCAA MEN'S LACROSSE CHAMPIONSHIPS, WELCOMING MORE THAN 80,000 FANS OVER MEMORIAL DAY WEEKEND. PHL DIVERSITY: THE PHLCVB WAS ONE OF THE FIRST CVBS IN THE U.S. TO ESTABLISH A DIVISION HIGHLIGHTING THE DESTINATION AS A DIVERSE, EQUITABLE, AND INCLUSIVE LOCATION FOR MEETINGS, EVENTS, CONVENTIONS, AND VISITORS. FOR MORE THAN 30 YEARS, PHL DIVERSITY HAS BEEN CONNECTING MEETING PLANNERS TO LOCAL DIVERSE BUSINESSES, SUPPLIERS AND COMMUNITY LEADERS WITH SHARED VALUES AND GOALS WHO CAN HELP FACILITATE COMMUNITY ENGAGEMENT PROGRAMS OR SERVE AS SPEAKERS AND EXPERTS. DIVISION HIGHLIGHTS INCLUDE: -IN FISCAL 2025, PHL DIVERSITY HOSTED 19 EVENTS WITH 30,918 ATTENDEES AND 32,847 ROOM NIGHTS. THE DIVISION BOOKED 18 CONVENTIONS FOR FUTURE YEARS WITH AN ESTIMATED 12,596 ATTENDEES AND 19,980 ROOM NIGHTS. -IN OCTOBER 2024, THE ANITAB.ORG GRACE HOPPER CELEBRATION BROUGHT TOGETHER 11,000 WOMEN AND NON-BINARY TECHNOLOGISTS FOR THE WORLD'S LARGEST CONFERENCE DEDICATED TO ADVANCING DIVERSITY IN TECH THROUGH PROFESSIONAL DEVELOPMENT, NETWORKING, AND CAREER OPPORTUNITIES. -DELTA SIGMA THETA SORORITY 2024 HELD THEIR EASTERN REGIONAL CONFERENCE IN PHILADELPHIA WHICH BROUGHT TOGETHER MORE THAN 10,000 MEMBERS OF THE HISTORIC, SERVICE-DRIVEN SISTERHOOD TO THE PCC FOR A WEEKEND OF EMPOWERMENT, NETWORKING, AND COMMUNITY IMPACT.
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IRS990/MissionDesc0THE PHILADELPHIA CONVENTION & VISITORS BUREAU (PHLCVB) IS THE OFFICIAL TOURISM PROMOTION AGENCY FOR THE CITY OF PHILADELPHIA GLOBALLY, AND THE SALES AND MARKETING AGENCY FOR THE PENNSYLVANIA CONVENTION CENTER (PCC). PHLCVB MARKETS PHILADELPHIA AS A TOP DESTINATION FOR MEETINGS, CONVENTIONS, SPORTING EVENTS AND INTERNATIONAL LEISURE TOURISM. IN FISCAL 2025, THE PHLCVB HOSTED 267 EVENTS IN TOTAL, INCLUDING 21 CITYWIDE EVENTS (THOSE WITH OVER 2,000 ROOM NIGHTS ON PEAK) THAT BOOSTED THE LOCAL ECONOMY. THESE EVENTS RESULTED IN 410 MILLION IN DIRECT SPEND AND 636 MILLION IN ECONOMIC IMPACT, WHICH GENERATED 27.2 MILLION IN LOCAL TAX REVENUE AND 31.9 MILLION IN STATE TAX REVENUE. KEY PROGRAMS INCLUDED: -CONVENTION SALES: SALES AND INCENTIVE EFFORTS TO ATTRACT, BOOK, AND REBOOK MAJOR CONVENTIONS, TRADESHOWS, MEETINGS, AND SPORTING EVENTS TO POSITION PHILADELPHIA AS A PREMIER MEETING DESTINATION AROUND THE WORLD. -DESTINATION SERVICES: CONNECTING MEETING PLANNERS WITH PHILADELPHIA STAKEHOLDERS I
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IRS990/ProgSrvcAccomActy2Grp/Desc0MARKETING & COMMUNICATIONS THE MARKETING AND COMMUNICATIONS TEAM CRAFTS CONTENT AND CAMPAIGNS THAT PROMOTE PHILADELPHIA, THE PHLCVB, AND THE PCC THROUGH A VARIETY OF PROGRAMS TARGETING MEETING AND EVENT PLANNERS, INFLUENCERS, CONVENTION ATTENDEES, MEDIA, DOMESTIC GROUP TOUR OPERATORS, INTERNATIONAL LEISURE TRAVELERS, AND TRAVEL TRADE PROFESSIONALS. THESE ACTIVITIES ALL HELP TO SUPPORT THE EFFORTS OF THE CONVENTION SALES AND GLOBAL TOURISM PROGRAMS IN DRIVING OVERNIGHT VISITATION TO PHILADELPHIA THROUGH CREATIVE MESSAGING AND STORYTELLING. KEY HIGHLIGHTS INCLUDE: PHLCVB MARKETING & COMMUNICATIONS CAMPAIGNS: -THE PHLCVB'S SOCIAL MEDIA CHANNELS INCREASED FANS AND FOLLOWERS BY 76,586. TOTAL FOLLOWERS ACROSS ALL OWNED ACCOUNTS TOTALED 526,226 OVER 15 ACCOUNTS IN 4 COUNTRIES. -IN FISCAL 2025, THE PHLCVB WEBSITE HAD 227,113 UNIQUE VISITORS AND 574,928 TOTAL PAGE VIEWS.
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IRS990/ProgSrvcAccomActy3Grp/Desc0GLOBAL TOURISM: -MARKETS OF FOCUS FOR GLOBAL TOURISM INITIATIVES INCLUDE REPRESENTATION FIRMS AROUND THE GLOBE IN CHINA, INDIA, AUSTRALIA, MEXICO, CANADA, FRANCE, ITALY (ALSO COVERS SPAIN), GERMANY (ALSO COVERS AUSTRIA AND SWITZERLAND), THE U.K. (ALSO COVERS IRELAND), AND THE NETHERLANDS (ALSO COVERS BELGIUM AND LUXEMBURG). -IN FISCAL 2025, PHILADELPHIA WELCOMED 1.2 MILLION VISITORS WHO CHOSE TO TRAVEL TO THE CITY FROM INTERNATIONAL DESTINATIONS, RESULTING IN 678.9 MILLION IN SPENDING. THESE VISITORS CONTRIBUTED AN ECONOMIC IMPACT OF 1.2 BILLION AND DIRECTLY SUPPORTED 9,548 HOSPITALITY JOBS. -GLOBAL TOURISM ACTIVITY HIGHLIGHTS INCLUDE THE TEAM ATTENDING 62 SALES EVENTS AND HOSTING MORE THAN 150 TRADE PARTNERS FROM 14 COUNTRIES ON 22 FAM TOURS OF PHILADELPHIA.
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IRS990/ProgSrvcAccomActyOtherGrp/Desc0PARTNERSHIP (MEMBERSHIP): THE PHLCVB PARTNERSHIP PROGRAM PROVIDES REGIONAL BUSINESSES A PLATFORM FOR MARKETING THEIR LOCATIONS AND SERVICES, AND A VALUABLE CONNECTION POINT WITH MEETING PROFESSIONALS, LOCAL, REGIONAL, NATIONAL AND INTERNATIONAL VISITORS, BUSINESS TRAVELERS AND CONVENTION ATTENDEES. THE PROGRAM PROVIDES PARTNERS WITH RESEARCH ABOUT THE TRAVEL INDUSTRY, TREND ANALYTICS, CURRENT AND FUTURE EVENT BOOKINGS DETAILS, ACCESS TO EXCLUSIVE NETWORKING EVENTS, AND MORE. -THE PHLCVB HAD 762 TOTAL PARTNERS, WITH 88 NEW PARTNERS JOINING OVER THE YEAR AND A RETENTION RATE OF 93%.
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IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0THE CVB IS EXEMPT FROM FEDERAL INCOME TAX UNDER IRC SECTION 501(C)(6). ACCORDINGLY, NO PROVISION FOR INCOME TAXES IS REFLECTED IN THE CONSOLIDATED FINANCIAL STATEMENTS. CVB IS SUBJECT TO ROUTINE AUDITS BY TAXING JURISDICTIONS; HOWEVER, THERE ARE CURRENTLY NO AUDITS FOR ANY TAX PERIODS IN PROGRESS. CVB BELIEVES IT IS NO LONGER SUBJECT TO INCOME TAX EXAMINATIONS FOR YEARS PRIOR TO 2022.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0SCHEDULE D, PAGE 3, PART X
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