Civic Intelligence

Akron-Summit Convention & Visitors Bureau Inc

990 • Fiscal year 2020 • EIN 34-1131390

Jan 01, 2020 to Dec 31, 2020 • Filed on Oct 17, 2021

77 E Mill StreeetAkron, OH 44308

(330) 374-8900

Siviq Scores

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

Liabilities / Assets

74th percentile

0.34x

Higher debt load relative to assets than 74% of similar nonprofits.

2020 filings • 501(c)6 • $1M-$5M nonprofits • Source year 2020

Liabilities / Revenue

77th percentile

0.49x

Higher debt load relative to revenue than 77% of similar nonprofits.

2020 filings • 501(c)6 • $1M-$5M nonprofits • Source year 2020

Net Margin

7th percentile

-27%

Higher net margin than 7% of similar nonprofits.

2020 filings • 501(c)6 • $1M-$5M nonprofits • Source year 2020

Top Officer Pay

66th percentile

$191,797

Higher top officer pay than 66% of similar nonprofits.

Top officer pay equals 5.9% of source-year revenue.

2020 filings • 501(c)6 • $1M-$5M nonprofits • Source year 2020

Asset Growth

7th percentile

-18%

Faster asset growth than 7% of similar nonprofits.

2020 filings • 501(c)6 • $1M-$5M nonprofits • Annualized from 2019 to 2020

Revenue Growth

6th percentile

-52%

Faster revenue growth than 6% of similar nonprofits.

2020 filings • 501(c)6 • $1M-$5M nonprofits • Annualized from 2019 to 2020

Assets

Down

$4,697,579

Down $1,033,425 (-18%) from 2019

Net Assets

Down

$3,095,972

Down $881,642 (-22%) from 2019

Liabilities

Down

$1,601,607

Down $151,783 (-8.7%) from 2019

Revenue

Down

$3,259,968

Down $3,562,941 (-52%) from 2019

Expenses

Down

$4,141,610

Down $2,793,684 (-40%) from 2019

Net Income

Down

-$881,642

Down $769,257 (-684%) from 2019

Historical Trend

Balance Sheet Trend

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

$8.0M$6.0M$4.0M$2.0M$0Assets 2010: $3,317,529Liabilities 2010: $1,230,343Net Assets 2010: $2,087,1862010Assets 2011: $3,128,954Liabilities 2011: $1,208,831Net Assets 2011: $1,920,1232011Assets 2012: $3,418,186Liabilities 2012: $1,141,771Net Assets 2012: $2,276,4152012Assets 2013: $3,617,024Liabilities 2013: $1,083,401Net Assets 2013: $2,533,6232013Assets 2014: $3,963,454Liabilities 2014: $1,059,228Net Assets 2014: $2,904,2262014Assets 2015: $4,491,488Liabilities 2015: $1,371,662Net Assets 2015: $3,119,8262015Assets 2016: $5,282,268Liabilities 2016: $1,677,851Net Assets 2016: $3,604,4172016Assets 2017: $5,574,276Liabilities 2017: $1,729,943Net Assets 2017: $3,844,3332017Assets 2018: $5,650,809Liabilities 2018: $1,560,810Net Assets 2018: $4,089,9992018Assets 2019: $5,731,004Liabilities 2019: $1,753,390Net Assets 2019: $3,977,6142019Assets 2020: $4,697,579Liabilities 2020: $1,601,607Net Assets 2020: $3,095,9722020Assets 2021: $6,460,224Liabilities 2021: $2,463,669Net Assets 2021: $3,996,5552021Assets 2022: $6,703,874Liabilities 2022: $1,567,413Net Assets 2022: $5,136,4612022

Highlighted filing

2020

Assets$4,697,579
Liabilities$1,601,607
Net Assets$3,095,972

Operations Trend

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

$10M$5.0M$0-$5.0MExpenses 2010: $5,179,1272010Expenses 2011: $5,478,3362011Expenses 2012: $5,829,2952012Revenue 2013: $6,239,116Expenses 2013: $5,981,908Net Income 2013: $257,2082013Revenue 2014: $6,813,747Expenses 2014: $6,443,144Net Income 2014: $370,6032014Revenue 2015: $6,886,916Expenses 2015: $6,671,316Net Income 2015: $215,6002015Revenue 2016: $7,551,610Expenses 2016: $7,067,019Net Income 2016: $484,5912016Revenue 2017: $7,019,997Expenses 2017: $6,780,081Net Income 2017: $239,9162017Revenue 2018: $7,264,055Expenses 2018: $7,018,389Net Income 2018: $245,6662018Revenue 2019: $6,822,909Expenses 2019: $6,935,294Net Income 2019: -$112,3852019Revenue 2020: $3,259,968Expenses 2020: $4,141,610Net Income 2020: -$881,6422020Revenue 2021: $5,523,217Expenses 2021: $4,622,634Net Income 2021: $900,5832021Revenue 2022: $7,682,701Expenses 2022: $6,512,906Net Income 2022: $1,169,7952022

Highlighted filing

2020

Revenue$3,259,968
Expenses$4,141,610
Net Income-$881,642
Jump To
Filing Snapshot
Filing Period
Jan 1, 2020 to Dec 31, 2020
Signed
Oct 17, 2021
Return Version
2020v4.1
Gross Receipts
$3,259,968
Mission and Program Overview

Mission

The bureau's mission is to promote akron and summit county as an ideal location for meetings, conventions and tours. The center's mission is to provide a first-class, affordable facility to greater-akron, regional and national clients for the purpose of business, education and entertainment, which will in turn create jobs, encourage new business, promote tourism, increase the area's visibility, and gain further recognition for akron and summit county as a vibrant and dynamic destination for any type of event.

Promote the city of akron and the county of summit.

Balance Sheet Detail
LineBeginningEndChange
Assets
Savings and Temporary Cash Investments$2,104,095$1,647,736▼ $456,359
Accounts Receivable$1,997,261$1,389,039▼ $608,222
Cash and Non-Interest-Bearing Accounts$825,977$912,043▲ $86,066
Land, Buildings, and Equipment, Net$592,146$591,264▼ $882
Prepaid Expenses and Deferred Charges$143,695$107,085▼ $36,610
Inventories for Sale or Use$67,830$50,412▼ $17,418
Total Assets$5,731,004$4,697,579▼ $1,033,425
Liabilities
Deferred Revenue$1,179,818$1,031,277▼ $148,541
Accounts Payable and Accrued Expenses$562,972$420,330▼ $142,642
Mortgage Notes Payable Secured by Investment Property$10,600$150,000▲ $139,400
Total Liabilities$1,753,390$1,601,607▼ $151,783
Net Assets / Fund Balance
Net Assets With Donor Restrictions$2,269,768$2,279,486▲ $9,718
Net Assets Without Donor Restrictions$1,707,846$816,486▼ $891,360
Total Net Assets Fund Balance$3,977,614$3,095,972▼ $881,642
Total Liabilities and Net Assets / Fund Balance$5,731,004$4,697,579▼ $1,033,425

Asset Categories

AssetBook ValueDepreciationBasis
Leasehold Improvements$227,406$1,535,033$1,762,439
Equipment$335,032$987,791$1,322,823
Other Land Buildings$28,826$169,113$197,939
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Gregg MervisPresident & CEOFT$166,579$25,218$191,797
Nicholas AbernathyCFOFT$118,801$21,932$140,733
Robert CzupOperations ManagerFT$102,529$23,339$125,868
Ronald Dorsey JrDirector of Food ServiceFT$103,853$16,966$120,819

Board Members and Trustees

NameTitle
Garry KirklandChairman of the Board
David LieberthVice Chairman
David E PrenticeDirector
Don Padgett IiiDirector
Ismail Al-aminDirector
Jack DeleoDirector
Jeannine MarksDirector
Jerry FreemanDirector
Kirsten LinoDirector
Marco SommervilleDirector
Renato CamachoDirector
Sandra HamadDirector
Sharon ReavesDirector
Maureen M SchneiderSecretary, Board of Directors
Jeffrey LynchTreasurer, Board of Directors
Revenue and Support

Revenue Composition

Contributions and Grants
$1,951,848
Program Service Revenue
$819,791
Investment Income
$42,768
Other Revenue
$445,561
Change in Net Assets
$-881,642

Audited Revenue Reconciliation

Revenue per Audited Statements
$3,259,968
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$0
Total Revenue per Audited Statements
$3,259,968
Total Revenue per Form 990
$3,259,968
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$2,598,780
Other Expenses$1,542,830
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages---$1,541,039
Current Officers, Directors, Trustees, and Key Employees---$579,217
Occupancy---$548,204
Advertising---$302,206
Other Employee Benefits---$246,896
Payroll Taxes---$156,879
Depreciation Depletion---$142,813
Insurance---$100,843
Pension Plan Contributions---$74,749
Office Expenses---$26,166
Fees for Services Accounting---$24,825
Fees for Services Other---$22,019
Information Technology---$19,220
Travel---$18,284
Other Expenses---$15,775
All Other Expenses---$4,933
Fees for Services Legal---$4,442
Conferences and Meetings---$3,778
Interest---$234
Total Functional Expenses$0$0$0$4,141,610

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$4,141,610
Total Expenses per Audited Statements$4,141,610
Total Expenses per Form 990$4,141,610
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
Subject to proxy tax
No
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
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 process used for reviewing form 990 is as follows: a draft form 990 will be reviewed by the president and the chief financial officer along with the tax preparers. After the form is finalized, a copy of the form will be provided to board of directors.

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

Annually, new statements are requested to be signed at the board meetings.

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

The process for determining compensation of the president and the chief executive officer of the organization: the process involves review and approval by personnel committee and board of directors. There is an employment contract agreed to by the board, which specifies the annual percentage increase. Also, the personnel committee created, and annually adjusts, a matrix to determine the potential bonus amount the president can earn. The process for determining compensation for the chief financial officer's compensation: the chief financial officer's pay is determined by the chief executive officer.

Form 990, Part VI, Section C, Line 19

The annual audit is available on the state auditor's website. The link is provided on the organization's website.

Filing and Contact Details

Filer

Filer Name
Akron-summit Convention & Visitors
EIN
34-1131390
Phone
3303748900
Address
77 E MILL STREEET, AKRON, OH 44308
Doing Business As
John S Knight Center

Signing Officer

Name
Morell Mendiola
Title
Chief Financial Officer
Phone
3303748900
Signed
2021-10-17
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Gregg Mervis
Formed
1973
Legal Domicile
Oh
Voting Board Members
15
Independent Board Members
15
Employees
105
Volunteers
15

Preparer

Firm
Cliftonlarsonallen Llp
Address
388 SOUTH MAIN STREET SUITE 420, AKRON, OH 44311
Preparer
Jennifer Coleman
Phone
3303760100
Supplemental Narrative

Additional Explanations

Federal Elections

Section 1.263(a)-1(f) de minimis safe harbor election akron-summit convention & visitors bureau, inc. 77 e. Mill street akron, oh 44308 employer identification number: 34-1131390 for the year ending december 31, 2020 akron-summit convention & visitors bureau, inc. Is making the de minimis safe harbor election under reg. Sec. 1.263(a)-1(f).

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IRS990/Form990PartVIISectionAGrp/TitleTxt0CHAIRMAN OF THE BOARD
IRS990/Form990PartVIISectionAGrp/TitleTxt1VICE CHAIRMAN
IRS990/Form990PartVIISectionAGrp/TitleTxt2TREASURER, BOARD OF DIRECTORS
IRS990/Form990PartVIISectionAGrp/TitleTxt3SECRETARY, BOARD OF DIRECTORS
IRS990/Form990PartVIISectionAGrp/TitleTxt4DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt5DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt6DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt7DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt8DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt9DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt10DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt11DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt12DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt13DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt14DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt15CFO
IRS990/Form990PartVIISectionAGrp/TitleTxt16PRESIDENT & CEO
IRS990/Form990PartVIISectionAGrp/TitleTxt17OPERATIONS MANAGER
IRS990/Form990PartVIISectionAGrp/TitleTxt18DIRECTOR OF FOOD SERVICE
IRS990/Form990ProvidedToGvrnBodyInd01
IRS990/FormationYr01973
IRS990/FormerOfcrEmployeesListedInd00
IRS990/FSAuditedBasisGrp/SeparateBasisFinclStmtInd0X
IRS990/FSAuditedInd01
IRS990/FundraisingActivitiesInd00
IRS990/GamingActivitiesInd00
IRS990/GoverningBodyVotingMembersCnt015
IRS990/GovernmentGrantsAmt01951848
IRS990/GrantsToIndividualsInd00
IRS990/GrantsToOrganizationsInd00
IRS990/GrantToRelatedPersonInd00
IRS990/GrossReceiptsAmt03259968
IRS990/GrossRentsGrp/RealAmt092716
IRS990/GroupReturnForAffiliatesInd00
IRS990/IncludeFIN48FootnoteInd00
IRS990/IndependentAuditFinclStmtInd01
IRS990/IndependentVotingMemberCnt015
IRS990/IndivRcvdGreaterThan100KCnt04
IRS990/IndoorTanningServicesInd00
IRS990/InfoInScheduleOPartIIIInd0X
IRS990/InfoInScheduleOPartVIInd0X
IRS990/InformationTechnologyGrp/TotalAmt019220
IRS990/InsuranceGrp/TotalAmt0100843
IRS990/InterestGrp/TotalAmt0234
IRS990/InventoriesForSaleOrUseGrp/BOYAmt067830
IRS990/InventoriesForSaleOrUseGrp/EOYAmt050412
IRS990/InvestmentIncomeGrp/ExclusionAmt042768
IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt042768
IRS990/InvestmentInJointVentureInd00
IRS990/IRPDocumentCnt05
IRS990/IRPDocumentW2GCnt00
IRS990/LandBldgEquipAccumDeprecAmt02691937
IRS990/LandBldgEquipBasisNetGrp/BOYAmt0592146
IRS990/LandBldgEquipBasisNetGrp/EOYAmt0591264
IRS990/LandBldgEquipCostOrOtherBssAmt03283201
IRS990/LegalDomicileStateCd0OH
IRS990/LessRentalExpensesGrp/RealAmt00
IRS990/LoanOutstandingInd00
IRS990/LocalChaptersInd00
IRS990/MaterialDiversionOrMisuseInd00
IRS990/MembersOrStockholdersInd00
IRS990/MethodOfAccountingAccrualInd0X
IRS990/MinutesOfCommitteesInd01
IRS990/MinutesOfGoverningBodyInd01
IRS990/MiscellaneousRevenueGrp/RelatedOrExemptFuncIncomeAmt06526
IRS990/MiscellaneousRevenueGrp/TotalRevenueColumnAmt06526
IRS990/MissionDesc0THE BUREAU'S MISSION IS TO PROMOTE AKRON AND SUMMIT COUNTY AS AN IDEAL LOCATION FOR MEETINGS, CONVENTIONS AND TOURS. THE CENTER'S MISSION IS TO PROVIDE A FIRST-CLASS, AFFORDABLE FACILITY TO GREATER-AKRON, REGIONAL AND NATIONAL CLIENTS FOR THE PURPOSE OF BUSINESS, EDUCATION AND ENTERTAINMENT, WHICH WILL IN TURN CREATE JOBS, ENCOURAGE NEW BUSINESS, PROMOTE TOURISM, INCREASE THE AREA'S VISIBILITY, AND GAIN FURTHER RECOGNITION FOR AKRON AND SUMMIT COUNTY AS A VIBRANT AND DYNAMIC DESTINATION FOR ANY TYPE OF EVENT.
IRS990/MoreThan5000KToIndividualsInd00
IRS990/MoreThan5000KToOrgInd00
IRS990/MortgNotesPyblScrdInvstPropGrp/BOYAmt010600
IRS990/MortgNotesPyblScrdInvstPropGrp/EOYAmt0150000
IRS990/NetAssetsOrFundBalancesBOYAmt03977614
IRS990/NetAssetsOrFundBalancesEOYAmt03095972
IRS990/NetRentalIncomeOrLossGrp/RelatedOrExemptFuncIncomeAmt092716
IRS990/NetRentalIncomeOrLossGrp/TotalRevenueColumnAmt092716
IRS990/NetUnrelatedBusTxblIncmAmt00
IRS990/NoDonorRestrictionNetAssetsGrp/BOYAmt01707846
IRS990/NoDonorRestrictionNetAssetsGrp/EOYAmt0816486
IRS990/NondeductibleContributionsInd00
IRS990/OccupancyGrp/TotalAmt0548204
IRS990/OfficeExpensesGrp/TotalAmt026166
IRS990/OfficerMailingAddressInd00
IRS990/OperateHospitalInd00
IRS990/Organization501cInd0X
IRS990/OrganizationFollowsFASB117Ind0X
IRS990/OtherChangesInNetAssetsAmt00
IRS990/OtherEmployeeBenefitsGrp/TotalAmt0246896
IRS990/OtherExpensesGrp/Desc0UTILITIES
IRS990/OtherExpensesGrp/Desc1MISCELLANEOUS
IRS990/OtherExpensesGrp/Desc2DUES AND SUBSCRIPTIONS
IRS990/OtherExpensesGrp/Desc3AUDIOVISUAL
IRS990/OtherExpensesGrp/TotalAmt0272690
IRS990/OtherExpensesGrp/TotalAmt119117
IRS990/OtherExpensesGrp/TotalAmt217281
IRS990/OtherExpensesGrp/TotalAmt315775
IRS990/OtherRevenueMiscGrp/BusinessCd0900099
IRS990/OtherRevenueMiscGrp/BusinessCd1900099
IRS990/OtherRevenueMiscGrp/BusinessCd2900099
IRS990/OtherRevenueMiscGrp/Desc0COVID RELIEF FUNDING
IRS990/OtherRevenueMiscGrp/Desc1MISCELLANEOUS INCOME
IRS990/OtherRevenueMiscGrp/Desc2EIDL ADVANCE
IRS990/OtherRevenueMiscGrp/RelatedOrExemptFuncIncomeAmt0250000
IRS990/OtherRevenueMiscGrp/RelatedOrExemptFuncIncomeAmt186319
IRS990/OtherRevenueMiscGrp/RelatedOrExemptFuncIncomeAmt210000
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt0250000
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt186319
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt210000
IRS990/OtherRevenueTotalAmt0352845
IRS990/OtherSalariesAndWagesGrp/TotalAmt01541039
IRS990/OtherWebsiteInd0X
IRS990/PartialLiquidationInd00
IRS990/PayrollTaxesGrp/TotalAmt0156879
IRS990/PensionPlanContributionsGrp/TotalAmt074749
IRS990/PoliticalCampaignActyInd00
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt0143695
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt0107085
IRS990/PrincipalOfficerNm0GREGG MERVIS
IRS990/ProfessionalFundraisingInd00
IRS990/ProgramServiceRevenueGrp/BusinessCd0900099
IRS990/ProgramServiceRevenueGrp/Desc0OPERATION OF JSK CENTE
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt0819791
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt0819791
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt03608373
IRS990/PYGrantsAndSimilarPaidAmt00
IRS990/PYInvestmentIncomeAmt048201
IRS990/PYOtherExpensesAmt03096508
IRS990/PYOtherRevenueAmt082098
IRS990/PYProgramServiceRevenueAmt03084237
IRS990/PYRevenuesLessExpensesAmt0-112385
IRS990/PYSalariesCompEmpBnftPaidAmt03838786
IRS990/PYTotalExpensesAmt06935294
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt06822909
IRS990/ReconcilationRevenueExpnssAmt0-881642
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd01
IRS990/RelatedOrganizationCtrlEntInd01
IRS990/RentalIncomeOrLossGrp/RealAmt092716
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd00
IRS990/ReportProgramRelatedInvstInd00
IRS990/SavingsAndTempCashInvstGrp/BOYAmt02104095
IRS990/SavingsAndTempCashInvstGrp/EOYAmt01647736
IRS990/ScheduleBRequiredInd00
IRS990ScheduleD/EquipmentGrp/BookValueAmt0335032
IRS990ScheduleD/EquipmentGrp/DepreciationAmt0987791
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt01322823
IRS990ScheduleD/ExpensesNotReportedAmt00
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt00
IRS990ScheduleD/ExpensesSubtotalAmt04141610
IRS990ScheduleD/LeaseholdImprovementsGrp/BookValueAmt0227406
IRS990ScheduleD/LeaseholdImprovementsGrp/DepreciationAmt01535033
IRS990ScheduleD/LeaseholdImprovementsGrp/OtherCostOrOtherBasisAmt01762439
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt028826
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt0169113
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt0197939
IRS990ScheduleD/RevenueNotReportedAmt00
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt00
IRS990ScheduleD/RevenueSubtotalAmt03259968
IRS990ScheduleD/TotalBookValueLandBuildingsAmt0591264
IRS990ScheduleD/TotalExpensesPerForm990Amt04141610
IRS990ScheduleD/TotalRevenuePerForm990Amt03259968
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt03259968
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt04141610
IRS990ScheduleJ/BoardOrCommitteeApprovalInd0X
IRS990ScheduleJ/CompensationCommitteeInd0X
IRS990ScheduleJ/CompensationSurveyInd0X
IRS990ScheduleJ/EquityBasedCompArrngmInd00
IRS990ScheduleJ/IdemnificationGrossUpPmtsInd0X
IRS990/ScheduleJRequiredInd01
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BaseCompensationFilingOrgAmt0166579
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusFilingOrganizationAmount00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusRelatedOrganizationsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompensationBasedOnRltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompReportPrior990FilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompReportPrior990RltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompensationFlngOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompRltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsFilingOrgAmt023339
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsRltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/OtherCompensationFilingOrgAmt01879
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/OtherCompensationRltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm0GREGG MERVIS
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TitleTxt0PRESIDENT & CEO
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationFilingOrgAmt0191797
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationRltdOrgsAmt00
IRS990ScheduleJ/SeverancePaymentInd00
IRS990ScheduleJ/SubstantiationRequiredInd01
IRS990ScheduleJ/SupplementalInformationDetail/ExplanationTxt0TAX INDEMNIFICATION AND GROSS UP PAYMENTS: THERE IS NOT A WRITTEN POLICY OF THE ORGANIZATION ALL THE BONUSES ARE GROSSED UP FOR MEDICARE, SOCIAL SECURITY AND CITY OF AKRON TAXES.
IRS990ScheduleJ/SupplementalInformationDetail/FormAndLineReferenceDesc0PART I, LINE 1A
IRS990ScheduleJ/SupplementalNonqualRtrPlanInd00
IRS990ScheduleJ/WrittenEmploymentContractInd0X
IRS990ScheduleJ/WrittenPolicyRefTAndEExpnssInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE PROCESS USED FOR REVIEWING FORM 990 IS AS FOLLOWS: A DRAFT FORM 990 WILL BE REVIEWED BY THE PRESIDENT AND THE CHIEF FINANCIAL OFFICER ALONG WITH THE TAX PREPARERS. AFTER THE FORM IS FINALIZED, A COPY OF THE FORM WILL BE PROVIDED TO BOARD OF DIRECTORS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1ANNUALLY, NEW STATEMENTS ARE REQUESTED TO BE SIGNED AT THE BOARD MEETINGS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE PROCESS FOR DETERMINING COMPENSATION OF THE PRESIDENT AND THE CHIEF EXECUTIVE OFFICER OF THE ORGANIZATION: THE PROCESS INVOLVES REVIEW AND APPROVAL BY PERSONNEL COMMITTEE AND BOARD OF DIRECTORS. THERE IS AN EMPLOYMENT CONTRACT AGREED TO BY THE BOARD, WHICH SPECIFIES THE ANNUAL PERCENTAGE INCREASE. ALSO, THE PERSONNEL COMMITTEE CREATED, AND ANNUALLY ADJUSTS, A MATRIX TO DETERMINE THE POTENTIAL BONUS AMOUNT THE PRESIDENT CAN EARN. THE PROCESS FOR DETERMINING COMPENSATION FOR THE CHIEF FINANCIAL OFFICER'S COMPENSATION: THE CHIEF FINANCIAL OFFICER'S PAY IS DETERMINED BY THE CHIEF EXECUTIVE OFFICER.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3THE ANNUAL AUDIT IS AVAILABLE ON THE STATE AUDITOR'S WEBSITE. THE LINK IS PROVIDED ON THE ORGANIZATION'S WEBSITE.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4SECTION 1.263(A)-1(F) DE MINIMIS SAFE HARBOR ELECTION AKRON-SUMMIT CONVENTION & VISITORS BUREAU, INC. 77 E. MILL STREET AKRON, OH 44308 EMPLOYER IDENTIFICATION NUMBER: 34-1131390 FOR THE YEAR ENDING DECEMBER 31, 2020 AKRON-SUMMIT CONVENTION & VISITORS BUREAU, INC. IS MAKING THE DE MINIMIS SAFE HARBOR ELECTION UNDER REG. SEC. 1.263(A)-1(F).
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART VI, SECTION B, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, SECTION B, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PART VI, SECTION B, LINE 15A
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PART VI, SECTION C, LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FEDERAL ELECTIONS

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Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2022Facts available. Structured filing facts are available, but richer extracted sections are limited.$6.70$1.57$5.14$7.68$6.51$1.17
2021XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$6.46$2.46$4.00$5.52$4.62$0.90
2020Detailed filing. Detailed filing data is available for this year.$4.70$1.60$3.10$3.26$4.14$0.88
2019XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$5.73$1.75$3.98$6.82$6.94$0.11
2018XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$5.65$1.56$4.09$7.26$7.02$0.25
2017XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$5.57$1.73$3.84$7.02$6.78$0.24
2016Facts available. Structured filing facts are available, but richer extracted sections are limited.$5.28$1.68$3.60$7.55$7.07$0.48
2015Detailed filing. Detailed filing data is available for this year.$4.49$1.37$3.12$6.89$6.67$0.22
2014Detailed filing. Detailed filing data is available for this year.$3.96$1.06$2.90$6.81$6.44$0.37
2013Detailed filing. Detailed filing data is available for this year.$3.62$1.08$2.53$6.24$5.98$0.26
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$3.42$1.14$2.28$5.83
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$3.13$1.21$1.92$5.48
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$3.32$1.23$2.09$5.18