Civic Intelligence

Memphis Convention and Visitors Bureau

990 • Fiscal year 2014 • EIN 62-1025301

Jul 01, 2013 to Jun 30, 2014 • Filed on Feb 03, 2015

Organization ProfileWWW.MEMPHISTRAVEL.COM

View Organization Page

47 Union Avenue38103

(901) 543-5300

Siviq Scores

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

Liabilities / Assets

34th percentile

0.18x

Higher debt load relative to assets than 34% of similar nonprofits.

2014 filings • 501(c)6 • $10M-$25M nonprofits • Source year 2014

Liabilities / Revenue

47th percentile

0.33x

Higher debt load relative to revenue than 47% of similar nonprofits.

2014 filings • 501(c)6 • $10M-$25M nonprofits • Source year 2014

Net Margin

61st percentile

8.5%

Higher net margin than 61% of similar nonprofits.

2014 filings • 501(c)6 • $10M-$25M nonprofits • Source year 2014

Top Officer Pay

48th percentile

$351,162

Higher top officer pay than 48% of similar nonprofits.

Top officer pay equals 3.8% of source-year revenue.

2014 filings • 501(c)6 • $10M-$25M nonprofits • Source year 2014

Asset Growth

61st percentile

8.4%

Faster asset growth than 61% of similar nonprofits.

2014 filings • 501(c)6 • $10M-$25M nonprofits • Annualized from 2013 to 2014

Revenue Growth

49th percentile

4.5%

Faster revenue growth than 49% of similar nonprofits.

2014 filings • 501(c)6 • $10M-$25M nonprofits • Annualized from 2011 to 2014

Balance Sheet
Liabilities / Assets34th percentile

Assets

Up

$17,186,003

Up $1,335,669 (+8.4%) from 2013

Net Assets

Up

$14,066,091

Up $790,448 (+6.0%) from 2013

Liabilities

Up

$3,119,912

Up $545,221 (+21%) from 2013

Revenue And Expenses
Liabilities / Revenue47th percentileNet Margin61st percentile

Revenue

$9,340,557

No earlier filing loaded for comparison.

Expenses

Up

$8,550,109

Up $294,110 (+3.6%) from 2013

Net Income

$790,448

No earlier filing loaded for comparison.

Historical Trend

Balance Sheet Trend

Asset Growth61st percentile

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

$60M$40M$20M$0Assets 2011: $14,905,040Liabilities 2011: $2,026,788Net Assets 2011: $12,878,2522011Assets 2012: $14,554,210Liabilities 2012: $1,622,914Net Assets 2012: $12,931,2962012Assets 2013: $15,850,334Liabilities 2013: $2,574,691Net Assets 2013: $13,275,6432013Assets 2014: $17,186,003Liabilities 2014: $3,119,912Net Assets 2014: $14,066,0912014Assets 2015: $17,291,480Liabilities 2015: $2,380,319Net Assets 2015: $14,911,1612015Assets 2016: $23,915,997Liabilities 2016: $2,278,333Net Assets 2016: $21,637,6642016Assets 2017: $30,517,759Liabilities 2017: $1,992,221Net Assets 2017: $28,525,5382017Assets 2018: $32,756,532Liabilities 2018: $1,828,205Net Assets 2018: $30,928,3272018Assets 2019: $36,874,463Liabilities 2019: $3,686,684Net Assets 2019: $33,187,7792019Assets 2020: $38,589,779Liabilities 2020: $3,873,622Net Assets 2020: $34,716,1572020Assets 2022: $46,926,710Liabilities 2022: $3,944,923Net Assets 2022: $42,981,7872022Assets 2023: $48,257,129Liabilities 2023: $3,603,535Net Assets 2023: $44,653,5942023Assets 2024: $50,739,816Liabilities 2024: $3,010,588Net Assets 2024: $47,729,2282024

Highlighted filing

2014

Assets$17,186,003
Liabilities$3,119,912
Net Assets$14,066,091
Open 2014 Filing

Operations Trend

Revenue Growth49th percentile

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

$30M$20M$10M$0Revenue 2011: $8,177,832Expenses 2011: $7,672,594Net Income 2011: $505,2382011Expenses 2012: $8,062,2792012Expenses 2013: $8,255,9992013Revenue 2014: $9,340,557Expenses 2014: $8,550,109Net Income 2014: $790,4482014Revenue 2015: $9,699,266Expenses 2015: $8,854,196Net Income 2015: $845,0702015Revenue 2016: $16,418,198Expenses 2016: $9,691,695Net Income 2016: $6,726,5032016Revenue 2017: $19,974,263Expenses 2017: $13,086,389Net Income 2017: $6,887,8742017Revenue 2018: $16,149,071Expenses 2018: $13,746,282Net Income 2018: $2,402,7892018Revenue 2019: $17,195,460Expenses 2019: $14,936,706Net Income 2019: $2,258,7542019Revenue 2020: $17,172,027Expenses 2020: $14,759,905Net Income 2020: $2,412,1222020Revenue 2022: $18,472,607Expenses 2022: $14,540,287Net Income 2022: $3,932,3202022Revenue 2023: $19,186,089Expenses 2023: $17,040,937Net Income 2023: $2,145,1522023Revenue 2024: $23,808,821Expenses 2024: $20,812,497Net Income 2024: $2,996,3242024

Highlighted filing

2014

Revenue$9,340,557
Expenses$8,550,109
Net Income$790,448
Open 2014 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2013 to Jun 30, 2014
Signed
Feb 3, 2015
Return Version
2013v4.0
Gross Receipts
$9,366,779
Mission and Program Overview

Mission

The official destination marketing organization dedicated to actively grow the memphis and shelby county economy by attracting visitors, conventions, and events.

To promote memphis as a convention and tourism destination, assist organizations involved in servicing such activity, facilitate visitor travel to the area, and promote the development of the hospitality industry in the greater memphis and shelby county area.

Balance Sheet Detail
LineBeginningEndChange
Assets
Pledges and Grants Receivable$6,987,962$7,337,360▲ $349,398
Savings and Temporary Cash Investments$3,920,518$3,989,481▲ $68,963
Land, Buildings, and Equipment, Net$2,442,170$2,391,131▼ $51,039
Cash and Non-Interest-Bearing Accounts$1,011,917$1,081,518▲ $69,601
Accounts Receivable$112,146$318,190▲ $206,044
Prepaid Expenses and Deferred Charges$19,229$71,292▲ $52,063
Inventories for Sale or Use$29,305$29,997▲ $692
Total Assets$15,850,334$17,186,003▲ $1,335,669
Other Assets Total$1,327,087$1,967,034▲ $639,947
Liabilities
Other Liabilities$1,342,087$1,967,034▲ $624,947
Accounts Payable and Accrued Expenses$1,206,436$1,055,790▼ $150,646
Deferred Revenue$26,168$97,088▲ $70,920
Total Liabilities$2,574,691$3,119,912▲ $545,221
Net Assets / Fund Balance
Unrestricted Net Assets$7,631,520$8,139,762▲ $508,242
Temporarily Rstr Net Assets$5,644,123$5,926,329▲ $282,206
Total Net Assets Fund Balance$13,275,643$14,066,091▲ $790,448
Total Liabilities and Net Assets / Fund Balance$15,850,334$17,186,003▲ $1,335,669

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$1,686,578$827,688$2,514,266
Equipment$142,479$1,852,968$1,995,447
Leasehold Improvements$380,335$334,452$714,787
Land$181,739-$181,739
Other Assets Org$1,967,034--
Compensation and Service Providers
Top Officer Pay48th percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
Kevin KanePresident/CEOFT$245,076$106,086$351,162
John OrosEvp/COOFT$154,160$65,346$219,506
Linda SawyerVP Admin/CFOFT$123,555$45,465$169,020
Regena BeardenVP MarketingFT$128,988$17,412$146,400

Board Members and Trustees

NameTitle
Cindy BrewerChairman
Anne Marie FamaletteBoard Member
Belinda AndersonBoard Member
Dennis NolanBoard Member
Fayaz AbdulBoard Member
Fred JonesBoard Member
Ghee AlexanderBoard Member
Jack SodenBoard Member
John MooreBoard Member
Lani GlancyBoard Member
Pat AgnewBoard Member
Patrick JordanBoard Member
Scott BrockmanBoard Member
Sherry MisnerBoard Member
Tina SullivanBoard Member
Ty AgeeBoard Member
Paul JordanAt Large Executive Committ
Rich PetersonAt Large Executive Committ
Shawn DankoAt Large Executive Committ
Craig SmithTreasurer

Highest Paid Contractors

ContractorServicesLocationCompensation
Sullivan BrandingMarketing, Visitor Guides-$934,869
Miles Media Group LllpMarketing, Visitor Guides-$525,226
Revenue and Support

Revenue Composition

Contributions and Grants
$8,879,776
Program Service Revenue
$0
Investment Income
$5,683
Other Revenue
$455,098
All Other Contributions
$8,726,971
Change in Net Assets
$790,448

Audited Revenue Reconciliation

Revenue per Audited Statements
$9,340,557
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$103,808
Total Revenue per Audited Statements
$9,444,365
Total Revenue per Form 990
$9,340,557
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$5,013,713
Salaries, Compensation, and Employee Benefits$3,536,396
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Advertising---$3,839,732
Other Salaries and Wages---$1,974,110
Current Officers, Directors, Trustees, and Key Employees---$872,293
Office Expenses---$375,159
Other Employee Benefits---$304,932
Fees for Services Other---$278,919
Pension Plan Contributions---$193,924
Payroll Taxes---$191,137
Depreciation Depletion---$183,454
Occupancy---$114,840
Fees for Services Accounting---$24,307
Other Expenses---$16,024
Total Functional Expenses$0$0$0$8,550,109

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$8,653,917
Expenses per Audited Statements$8,550,109
Total Expenses per Form 990$8,550,109
Expenses Not Reported on Form 990$103,808
Expenses Not Reported on Financial Statements$0
International Activity

International Summary

Offices
0
Employees
1
Spending
$337,500

International Compliance

Activity in boycott countries
No
Foreign corporation ownership
No
Foreign partnership interest
No
Interest in foreign trust
No
Passive foreign investment company interest
No
Transfers to foreign corporations
No

International Activities

RegionActivityServicesOfficesEmployeesSpending
EuropeProgram ServicesDestination Marketing01$337,500
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

Reported Spending and Taxes

Line ItemAmount
Current Year Nondeductible Lobbying and Political Cost$645
Total Nondeductible Lobbying and Political Cost$645
Political Expenditures$545
Insider Transactions and Loans

Interested-Person Transactions

Interested PartyRelationshipDescriptionShared RevenueAmount
-Various Board MembersTHE BUREAU'S BOARD OF DIRECTORS IS COMPRISED OF LOCAL BUSINESS LEADERS IN THE TRAVEL, ENTERTAINMENT, RELIGIOUS, GOVERNMENT, AND GENERAL BUSINESS SECTORS OF MEMPHIS. IN NORMAL COURSE OF BUSINESS, THE BUREAU CONDUCTS BUSINESS WITH ORGANIZATIONS THAT ARE RELATED TO SOME OF ITS DIRECTORS. THE MAJORITY OF IN-KIND CONTRIBUTIONS REFLECT DISCOUNTS, SERVICES AND PRODUCTS RECEIVED FROM THESE RELATED ORGANIZATIONS.No$525,600
-Various Board Members.No$75,000
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Obligation Funds Held in Trust$1,967,034
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 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
Yes
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section B, Line 11

“The board of directors and finance committee review a final draft copy of the form 990. They must approve the final draft before it is filed.”

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

“The bureau's policy requires that any conflict of interest be annually disclosed to the chairman of the board of directors and the executive committee.”

Form 990, Part VI, Section B, Line 15

“Compensation is compared to industry standards and then approved by management and the board of directors.”

Form 990, Part VI, Section C, Line 18

“BY REQUEST”

Form 990, Part VI, Section C, Line 19

“The organization makes its governing documents and financial statements available to the public upon request.”

Filing and Contact Details

Filer

EIN
62-1025301
Phone
9015435300

Signing Officer

Name
Kevin Kane
Title
President/CEO
Phone
9015435300
Signed
2015-02-03
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Kevin Kane
Formed
1978
Legal Domicile
Tn
Voting Board Members
20
Independent Board Members
20
Employees
58
Volunteers
22

Preparer

Preparer
M Arnold Mcgruder CPA
Phone
9016838899
Supplemental Narrative

Additional Explanations

FORM 990, PART XII, LINE 2C:

“The process has not changed from the prior year.”

Raw XML AppendixShowing 400 of 702 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.

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IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt40
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt50
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt60
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt70
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt80
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt90
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt100
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt110
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt120
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt130
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt140
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt150
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt160
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt170
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt180
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt190
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt20315734
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt21189856
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt22147901
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt23128988
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt00
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt10
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt20
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt30
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt40
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt50
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt60
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt70
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt80
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt90
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt100
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt110
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt120
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt130
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt140
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt150
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt160
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt170
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt180
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt190
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt200
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt210
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt220
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt230
IRS990/Form990PartVIISectionAGrp/TitleTxt0BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt1CHAIRMAN
IRS990/Form990PartVIISectionAGrp/TitleTxt2AT LARGE EXECUTIVE COMMITT
IRS990/Form990PartVIISectionAGrp/TitleTxt3TREASURER
IRS990/Form990PartVIISectionAGrp/TitleTxt4BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt5BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt6BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt7BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt8BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt9BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt10BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt11BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt12BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt13AT LARGE EXECUTIVE COMMITT
IRS990/Form990PartVIISectionAGrp/TitleTxt14BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt15BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt16BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt17AT LARGE EXECUTIVE COMMITT
IRS990/Form990PartVIISectionAGrp/TitleTxt18BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt19BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt20PRESIDENT/CEO
IRS990/Form990PartVIISectionAGrp/TitleTxt21EVP/COO
IRS990/Form990PartVIISectionAGrp/TitleTxt22VP ADMIN/CFO
IRS990/Form990PartVIISectionAGrp/TitleTxt23VP MARKETING
IRS990/Form990ProvidedToGvrnBodyInd01
IRS990/Form990TFiledInd01
IRS990/FormationYr01978
IRS990/FormerOfcrEmployeesListedInd00
IRS990/FSAuditedBasisGrp/ConsolidatedBasisFinclStmtInd0X
IRS990/FSAuditedInd01
IRS990/FundraisingActivitiesInd00
IRS990/GamingActivitiesInd00
IRS990/GoverningBodyVotingMembersCnt020
IRS990/GrantsToIndividualsInd00
IRS990/GrantsToOrganizationsInd00
IRS990/GrantToRelatedPersonInd00
IRS990/GrossReceiptsAmt09366779
IRS990/GrossSalesOfInventoryAmt082744
IRS990/GroupReturnForAffiliatesInd00
IRS990/IncludeFIN48FootnoteInd00
IRS990/IndependentAuditFinclStmtInd01
IRS990/IndependentVotingMemberCnt020
IRS990/IndivRcvdGreaterThan100KCnt04
IRS990/IndoorTanningServicesInd00
IRS990/InfoInScheduleOPartIIIInd0X
IRS990/InfoInScheduleOPartVIInd0X
IRS990/InfoInScheduleOPartXIIInd0X
IRS990/InventoriesForSaleOrUseGrp/BOYAmt029305
IRS990/InventoriesForSaleOrUseGrp/EOYAmt029997
IRS990/InvestmentIncomeGrp/ExclusionAmt05683
IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt05683
IRS990/InvestmentInJointVentureInd01
IRS990/IRPDocumentCnt047
IRS990/IRPDocumentW2GCnt00
IRS990/LandBldgEquipAccumDeprecAmt03015108
IRS990/LandBldgEquipBasisNetGrp/BOYAmt02442170
IRS990/LandBldgEquipBasisNetGrp/EOYAmt02391131
IRS990/LandBldgEquipCostOrOtherBssAmt05406239
IRS990/LegalDomicileStateCd0TN
IRS990/LoanOutstandingInd00
IRS990/LocalChaptersInd00
IRS990/MaterialDiversionOrMisuseInd00
IRS990/MembershipDuesAmt0152805
IRS990/MembersOrStockholdersInd00
IRS990/MethodOfAccountingAccrualInd0X
IRS990/MinutesOfCommitteesInd01
IRS990/MinutesOfGoverningBodyInd01
IRS990/MiscellaneousRevenueGrp/ExclusionAmt0149
IRS990/MiscellaneousRevenueGrp/TotalRevenueColumnAmt0149
IRS990/MissionDesc0THE OFFICIAL DESTINATION MARKETING ORGANIZATION DEDICATED TO ACTIVELY GROW THE MEMPHIS AND SHELBY COUNTY ECONOMY BY ATTRACTING VISITORS, CONVENTIONS AND EVENTS.
IRS990/MoreThan5000KToIndividualsInd00
IRS990/MoreThan5000KToOrgInd00
IRS990/NetAssetsOrFundBalancesBOYAmt013275643
IRS990/NetAssetsOrFundBalancesEOYAmt014066091
IRS990/NetIncomeOrLossGrp/ExclusionAmt056522
IRS990/NetIncomeOrLossGrp/TotalRevenueColumnAmt056522
IRS990/NetUnrelatedBusTxblIncmAmt0-38271
IRS990/NondeductibleContributionsInd00
IRS990/OccupancyGrp/TotalAmt0114840
IRS990/OfficeExpensesGrp/TotalAmt0375159
IRS990/OfficerMailingAddressInd00
IRS990/OperateHospitalInd00
IRS990/Organization501cInd0X
IRS990/OrganizationFollowsSFAS117Ind0X
IRS990/OtherAssetsTotalGrp/BOYAmt01327087
IRS990/OtherAssetsTotalGrp/EOYAmt01967034
IRS990/OtherChangesInNetAssetsAmt00
IRS990/OtherEmployeeBenefitsGrp/TotalAmt0304932
IRS990/OtherExpensesGrp/Desc0DUES AND SUBSCRIPTIONS
IRS990/OtherExpensesGrp/Desc1POSTAGE
IRS990/OtherExpensesGrp/Desc2OTHER EXPENSES
IRS990/OtherExpensesGrp/TotalAmt093110
IRS990/OtherExpensesGrp/TotalAmt188168
IRS990/OtherExpensesGrp/TotalAmt216024
IRS990/OtherLiabilitiesGrp/BOYAmt01342087
IRS990/OtherLiabilitiesGrp/EOYAmt01967034
IRS990/OtherRevenueMiscGrp/BusinessCd0900099
IRS990/OtherRevenueMiscGrp/BusinessCd1541800
IRS990/OtherRevenueMiscGrp/BusinessCd2900099
IRS990/OtherRevenueMiscGrp/Desc0VISITOR GUIDEBOOK
IRS990/OtherRevenueMiscGrp/Desc1ONLINE ADVERTISING
IRS990/OtherRevenueMiscGrp/Desc2MMG MANAGEMENT FEES
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt0139773
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt1133654
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt2125000
IRS990/OtherRevenueMiscGrp/UnrelatedBusinessRevenueAmt0139773
IRS990/OtherRevenueMiscGrp/UnrelatedBusinessRevenueAmt1133654
IRS990/OtherRevenueMiscGrp/UnrelatedBusinessRevenueAmt2125000
IRS990/OtherRevenueTotalAmt0398576
IRS990/OtherSalariesAndWagesGrp/TotalAmt01974110
IRS990/PartialLiquidationInd00
IRS990/PayPremiumsPrsnlBnftCntrctInd01
IRS990/PayrollTaxesGrp/TotalAmt0191137
IRS990/PensionPlanContributionsGrp/TotalAmt0193924
IRS990/PledgesAndGrantsReceivableGrp/BOYAmt06987962
IRS990/PledgesAndGrantsReceivableGrp/EOYAmt07337360
IRS990/PoliticalCampaignActyInd00
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt019229
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt071292
IRS990/PrincipalOfficerNm0KEVIN KANE
IRS990/ProfessionalFundraisingInd00
IRS990/ProgSrvcAccomActy2Grp/Desc0DESTINATION MARKETING - PROMOTE MEMPHIS AS A TOURIST DESTINATION BY GENERATING MEDIA COVERAGE, ADVERTISING MEMPHIS WORLDWIDE AND PRODUCING MAP AND TOURIST GUIDES.
IRS990/ProgSrvcAccomActy2Grp/ExpenseAmt02490824
IRS990/ProgSrvcAccomActy2Grp/RevenueAmt05637495
IRS990/ProgSrvcAccomActy3Grp/Desc0VISITOR INFORMATION CENTERS - PROVIDE HOSPITABLE FACILITIES WITH STAFF THAT OFFERS FRIENDLY SERVICE AND ACCURATE INFORMATION WHICH ENCOURAGES VISITORS TO CONSIDER MEMPHIS A DESIRABLE TRAVEL DESTINATION AND INCREASE THE LENGTH OF STAY IN MEMPHIS AND SHELBY COUNTY.
IRS990/ProgSrvcAccomActy3Grp/ExpenseAmt0625299
IRS990/ProgSrvcAccomActy3Grp/RevenueAmt0183925
IRS990/ProgSrvcAccomActyOtherGrp/Desc0MEMBER SERVICES; GOVERNMENT RELATIONS; CONVENTION SERVICES
IRS990/ProgSrvcAccomActyOtherGrp/ExpenseAmt01127740
IRS990/ProgSrvcAccomActyOtherGrp/RevenueAmt0394210
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt08201860
IRS990/PYGrantsAndSimilarPaidAmt00
IRS990/PYInvestmentIncomeAmt06287
IRS990/PYOtherExpensesAmt04741663
IRS990/PYOtherRevenueAmt0392199
IRS990/PYProgramServiceRevenueAmt00
IRS990/PYRevenuesLessExpensesAmt0344347
IRS990/PYSalariesCompEmpBnftPaidAmt03514336
IRS990/PYTotalExpensesAmt08255999
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt08600346
IRS990/ReconcilationRevenueExpnssAmt0790448
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd01
IRS990/RelatedOrganizationCtrlEntInd01
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd01
IRS990/ReportOtherLiabilitiesInd01
IRS990/ReportProgramRelatedInvstInd00
IRS990/RevenueAmt02644146
IRS990/SavingsAndTempCashInvstGrp/BOYAmt03920518
IRS990/SavingsAndTempCashInvstGrp/EOYAmt03989481
IRS990ScheduleB/ContributorInformationGrp/ContributorBusinessName/BusinessNameLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorNum0RESTRICTED
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/AggregateReportedDuesNtcAmt04584
IRS990ScheduleC/AgreeCarryoverPriorYearInd00
IRS990ScheduleC/DuesAssessmentsAmt0152805
IRS990ScheduleC/NonDeductibleLbbyngPltclCYAmt0645
IRS990ScheduleC/NonDeductibleLbbyngPltclTotAmt0645

Document Assets

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Filings

Displayed year

2014 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$17,186,003
Liabilities
$3,119,912
Net assets
$14,066,091
Revenue
$9,340,557
Expenses
$8,550,109
Net income
$790,448
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Facts available. Structured filing facts are available, but richer extracted sections are limited.$50.7$3.01$47.7$23.8$20.8$3.00
2023Summary only. Only limited summary data is available for this year.$48.3$3.60$44.7$19.2$17.0$2.15
2022XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$46.9$3.94$43.0$18.5$14.5$3.93
2020XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$38.6$3.87$34.7$17.2$14.8$2.41
2019Facts available. Structured filing facts are available, but richer extracted sections are limited.$36.9$3.69$33.2$17.2$14.9$2.26
2018Facts available. Structured filing facts are available, but richer extracted sections are limited.$32.8$1.83$30.9$16.1$13.7$2.40
2017XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$30.5$1.99$28.5$20.0$13.1$6.89
2016Summary only. Only limited summary data is available for this year.$23.9$2.28$21.6$16.4$9.69$6.73
2015Detailed filing. Detailed filing data is available for this year.$17.3$2.38$14.9$9.70$8.85$0.85
2014Detailed filing. Detailed filing data is available for this year.$17.2$3.12$14.1$9.34$8.55$0.79
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$15.9$2.57$13.3$8.26
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$14.6$1.62$12.9$8.06
2011Summary only. Only limited summary data is available for this year.$14.9$2.03$12.9$8.18$7.67$0.51