PHILADELPHIA CONVENTION & VISITORS BUREAU OF THE CHAMBER OF COMMERCE: Form 990, tax year 2022
View the entire original 990 at ProPublica ↗
- Organization
- PHILADELPHIA CONVENTION & VISITORS BUREAU OF THE CHAMBER OF COMMERCE (EIN 23-0969325)
- Tax period
- 2022-07-01 to 2023-06-30
- Filed
- 2024-04-19
- IRS object ID
- 202411109349301756
- Schema version
- 2022v5.0
- Source
- Download XML · Original 990 at ProPublica
Every field in the e-filed return. Faint text is the IRS element name, for citing.
Return header ReturnHeader
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return | 2024-04-19T17:54:32-04:00 | ReturnTs |
| Tax Period End | 2023-06-30 | TaxPeriodEndDt |
Preparer Firm PreparerFirmGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Firm EIN | 233010968 | PreparerFirmEIN |
Preparer Firm Name PreparerFirmName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | MILLIGAN & COMPANY LLC | BusinessNameLine1Txt |
Preparer US Address PreparerUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 105 N 22ND ST FL 2 | AddressLine1Txt |
| City | PHILADELPHIA | CityNm |
| State Abbreviation | PA | StateAbbreviationCd |
| ZIP | 191031302 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return Type | 990 | ReturnTypeCd |
| Tax Period Begin | 2022-07-01 | TaxPeriodBeginDt |
Filer Filer
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 230969325 | EIN |
Business Name BusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | PHILADELPHIA CONVENTION & VISITORS | BusinessNameLine1Txt |
| Business Name Line2 | BUREAU | BusinessNameLine2Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Control | PHIL | BusinessNameControlTxt |
| Phone | 2156363300 | PhoneNum |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 1601 MARKET ST SUITE 200 | AddressLine1Txt |
| City | PHILADELPHIA | CityNm |
| State Abbreviation | PA | StateAbbreviationCd |
| ZIP | 19102 | ZIPCd |
Business Officer BusinessOfficerGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person | GREGG CAREN | PersonNm |
| Person Title | PRES. & CEO | PersonTitleTxt |
| Phone | 2156364462 | PhoneNum |
| Signature | 2024-04-17 | SignatureDt |
| Discuss With Paid Preparer | Yes (true) | DiscussWithPaidPreparerInd |
Signing Officer SigningOfficerGrp
Person Full Name PersonFullName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person First | GREGG | PersonFirstNm |
| Person Last | CAREN | PersonLastNm |
| Field | Value | IRS element (for citing) |
|---|---|---|
| SSN | 999009999 | SSN |
| Field | Value | IRS element (for citing) |
|---|---|---|
| IRS Responsible Prty Info Curr | false | IRSResponsiblePrtyInfoCurrInd |
Preparer Person PreparerPersonGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Person | JOHN MILLIGAN CPA | PreparerPersonNm |
| PTIN | P02155323 | PTIN |
| Phone | 2154969100 | PhoneNum |
| Preparation | 2024-04-19 | PreparationDt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tax | 2022 | TaxYr |
| Build TS | 2023-04-26 12:10:37Z | BuildTS |
Form 990 IRS990
| Field | Value | IRS element (for citing) |
|---|---|---|
| Principal Officer | GREGG CAREN | PrincipalOfficerNm |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 1601 MARKET STREET | AddressLine1Txt |
| City | PHILADELPHIA | CityNm |
| State Abbreviation | PA | StateAbbreviationCd |
| ZIP | 19102 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Gross Receipts | $18,769,517 | GrossReceiptsAmt |
| Group Return For Affiliates | false | GroupReturnForAffiliatesInd |
| Organization501c | Yes (X) | Organization501cInd |
| Website Address | WWW.DISCOVERPHL.COM | WebsiteAddressTxt |
| Type Of Organization Corp | Yes (X) | TypeOfOrganizationCorpInd |
| Formation | 1942 | FormationYr |
| Legal Domicile State | PA | LegalDomicileStateCd |
| Activity Or Mission | 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. FISCAL YEAR 2023 WAS A SIGNIFICANT YEAR OF ACCOMPLISHMENTS THAT INCLUDED LANDMARK ANNOUNCEMENTS, THE STEADY RETURN OF MEETINGS AND EVENTS, AND THE RESUMPTION OF OVERSEAS TRAVEL. WE WELCOMED LARGE, IN-PERSON EVENTS BACK TO THE PENNSYLVANIA CONVENTION CENTER (PCC), CULMINATING IN A FULL SLATE OF 19 CITYWIDES FOR THE FIRST TIME SINCE 2019. PHILADELPHIA MADE HEADLINES IN JUNE 2022 AS WE WERE SELECTED AS A HOST CITY FOR THE WORLD'S BIGGEST SPORTING EVENT, THE FIFA WORLD CUP 2026 AND WWE CHOSE PHILADELPHIA AS THE LOCATION FOR WRESTLEMANIA 40 IN 2024. BORDERS REOPENED AND INTERNATIONAL VISITORS RETURNED TO THE CITY. THIS MOMENTUM SET US WELL ON TRACK TO REACH AND S | ActivityOrMissionDesc |
| Voting Members Governing Body | 59 | VotingMembersGoverningBodyCnt |
| Voting Members Independent | 58 | VotingMembersIndependentCnt |
| Total Employee | 61 | TotalEmployeeCnt |
| Total Gross UBI | $0 | TotalGrossUBIAmt |
| PY Contributions Grants | $13,861,977 | PYContributionsGrantsAmt |
| CY Contributions Grants | $11,543,218 | CYContributionsGrantsAmt |
| PY Program Service Revenue | $4,232,509 | PYProgramServiceRevenueAmt |
| CY Program Service Revenue | $6,743,952 | CYProgramServiceRevenueAmt |
| PY Investment Income | $62,704 | PYInvestmentIncomeAmt |
| CY Investment Income | $384,184 | CYInvestmentIncomeAmt |
| PY Other Revenue | $2,798,707 | PYOtherRevenueAmt |
| CY Other Revenue | $98,163 | CYOtherRevenueAmt |
| PY Total Revenue | $20,955,897 | PYTotalRevenueAmt |
| CY Total Revenue | $18,769,517 | CYTotalRevenueAmt |
| CY Grants And Similar Paid | $0 | CYGrantsAndSimilarPaidAmt |
| CY Benefits Paid To Members | $0 | CYBenefitsPaidToMembersAmt |
| PY Salaries Comp Emp Bnft Paid | $6,492,522 | PYSalariesCompEmpBnftPaidAmt |
| CY Salaries Comp Emp Bnft Paid | $7,990,698 | CYSalariesCompEmpBnftPaidAmt |
| CY Total Prof Fndrsng Expns | $0 | CYTotalProfFndrsngExpnsAmt |
| CY Total Fundraising Expense | $0 | CYTotalFundraisingExpenseAmt |
| PY Other Expenses | $6,111,601 | PYOtherExpensesAmt |
| CY Other Expenses | $8,810,375 | CYOtherExpensesAmt |
| PY Total Expenses | $12,604,123 | PYTotalExpensesAmt |
| CY Total Expenses | $16,801,073 | CYTotalExpensesAmt |
| PY Revenues Less Expenses | $8,351,774 | PYRevenuesLessExpensesAmt |
| CY Revenues Less Expenses | $1,968,444 | CYRevenuesLessExpensesAmt |
| Total Assets BOY | $21,636,489 | TotalAssetsBOYAmt |
| Total Assets EOY | $24,266,720 | TotalAssetsEOYAmt |
| Total Liabilities BOY | $7,817,508 | TotalLiabilitiesBOYAmt |
| Total Liabilities EOY | $8,479,295 | TotalLiabilitiesEOYAmt |
| Net Assets Or Fund Balances BOY | $13,818,981 | NetAssetsOrFundBalancesBOYAmt |
| Net Assets Or Fund Balances EOY | $15,787,425 | NetAssetsOrFundBalancesEOYAmt |
| Info In Schedule O Part III | Yes (X) | InfoInScheduleOPartIIIInd |
| Mission | 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. FISCAL YEAR 2023 WAS A SIGNIFICANT YEAR OF ACCOMPLISHMENTS THAT INCLUDED LANDMARK ANNOUNCEMENTS, THE STEADY RETURN OF MEETINGS AND EVENTS, AND THE RESUMPTION OF OVERSEAS TRAVEL. WE WELCOMED LARGE, IN-PERSON EVENTS BACK TO THE PENNSYLVANIA CONVENTION CENTER (PCC), CULMINATING IN A FULL SLATE OF 19 CITYWIDES FOR THE FIRST TIME SINCE 2019. PHILADELPHIA MADE HEADLINES IN JUNE 2022 AS WE WERE SELECTED AS A HOST CITY FOR THE WORLD'S BIGGEST SPORTING EVENT, THE FIFA WORLD CUP 2026 AND WWE CHOSE PHILADELPHIA AS THE LOCATION FOR WRESTLEMANIA 40 IN 2024. BORDERS REOPENED AND INTERNATIONAL VISITORS RETURNED TO THE CITY. THIS MOMENTUM SET US WELL ON TRACK TO REACH AND S | MissionDesc |
| Significant New Program Srvc | false | SignificantNewProgramSrvcInd |
| Significant Change | false | SignificantChangeInd |
| Expense | $9,088,134 | ExpenseAmt |
| Desc | 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 PENNSYLVANIA CONVENTION CENTER, MEMBER HOTELS, AND OFF-SITE VENUES. 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 - AS WELL AS DATA AND ANALYTICAL RESEARCH THAT SUPPORTS THE CONVENTION SALES FUNCTION. IN FISCAL YEAR 2023, PHILADELPHIA'S HOSPITALITY INDUSTRY CONTINUED ITS RECOVERY FROM THE IMPACT OF COVID-19, WITH PERFORMANCE METRICS STEADILY IMPROVING ACROSS ALL CATEGORIES. THE RESULTS OF THE PHLCVB'S 2023 EVENTS ARE: -THE PHLCVB HELD 224 EVENTS, INCLUDING 19 CITYWIDE EVENTS (OVER 2,000 ROOM NIGHTS ON PEAK), WITH 434,300 ATTENDEES, RESULTING IN 513,400 ROOM NIGHTS AND 621.6 MILLION IN TOTAL HOTEL ROOM REVENUE. -THE PHLCVB SECURED 223 FUTURE EVENTS, INCLUDING 14 CITYWIDE EVENTS, PROJECTED TO BRING AN ESTIMATED 825,000 ATTENDEES TO PHILADELPHIA, GENERATING APPROXIMATELY 480,000 TOTAL ESTIMATED 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 YEAR 2023, PHL LIFE SCIENCES HOSTED 52 EVENTS WITH 79,745 ATTENDEES, AND 170,690 ROOM NIGHTS. THE DIVISION BOOKED 56 CONVENTIONS FOR FUTURE YEARS WITH AN ESTIMATED 41,399 ATTENDEES AND 97,921 ROOM NIGHTS. -PHL LIFE SCIENCES WELCOMED UPWARDS OF 10,000 ATTENDEES FOR AMERICAN NURSES CREDENTIALING CENTER'S (ANCC) MAGNET AND PATHWAY CONFERENCE AT THE PENNSYLVANIA CONVENTION CENTER. THE CONFERENCE CELEBRATES THE OUTSTANDING ACCOMPLISHMENTS OF NURSES ON THE FRONT LINES AND AWARDS SPECIAL DESIGNATIONS FOR HEALTH CARE WORKERS. THE PHILADELPHIA REGION IS PROUD TO HAVE 17 MAGNET CERTIFIED INSTITUTIONS. -AMERICAN COLLEGE OF RHEUMATOLOGY (ACR) CONVERGENCE 2022 WELCOMED OVER 7,800 ATTENDEES AND EXHIBITORS TO THE PENNSYLVANIA CONVENTION CENTER FROM NOVEMBER 10-14. ACR SERVES MORE THAN 7,700 SPECIALTY PHYSICIANS, HEALTH PROFESSIONALS, AND SCIENTISTS WORLDWIDE. THE ANNUAL MEETING OFFERED IN- PERSON, VIRTUAL, AND ON-DEMAND OPPORTUNITIES, PROVIDING ACCESSIBLE OPTIONS FOR ALL. PHL SPORTS: FOR MORE THAN 30 YEARS, PHL SPORTS HAS BROUGHT MAJOR SPORTING EVENTS AND CONVENTIONS TO PHILADELPHIA. THE PHL SPORTS ADVISORY BOARD, CHAIRED BY PHILADELPHIA EAGLES PRESIDENT DON SMOLENSKI, IS COMPRISED OF 60 SPORTS LEADERS, INCLUDING THE CITY'S COLLEGIATE ATHLETIC DIRECTORS, PROFESSIONAL TEAM EXECUTIVES, AND CITY OF PHILADELPHIA OFFICIALS, AMONG MANY OTHERS. 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: -MARCH MADNESS WILL RETURN TO PHILADELPHIA IN 2026. -ON JUNE 16, 2022, PHILADELPHIA SECURED ONE OF THE 11 HOST CITY SPOTS IN THE UNITED STATES FOR THE FIFA WORLD CUP 2026. THE EVENT WILL BE PART OF AN INCREDIBLE SPORTS CALENDAR THAT YEAR, INCLUDING THE PGA CHAMPIONSHIP, MAJOR LEAGUE BASEBALL (MLB) ALL-STAR GAME, AND THE NCAA MEN'S BASKETBALL TOURNAMENT. -IN FISCAL YEAR 2023, PHL SPORTS BOOKED 36 FUTURE SPORTING EVENTS WITH AN ESTIMATED 611,593 ATTENDEES AND 209,463 ROOM NIGHTS. "A BOOKING HIGHLIGHT FROM 2023 IS WRESTLEMANIA 40, WHICH WILL BE HELD ON APRIL 6 AND 7, 2024. THE WEEK-LONG WWE EXTRAVAGANZA HAS GROWN INTO ONE OF THE COUNTRY'S BIGGEST SPORTING EVENTS, INCLUDING SIX MAJOR EVENTS AT THREE VENUES OVER FIVE DAYS, INCLUDING THE TWO-DAY TITLE SHOW AT LINCOLN FINANCIAL FIELD. 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: -PHL DIVERSITY RECEIVED THE 2022 CORPORATE AWARD FROM THE NATIONAL COALITION OF BLACK MEETING PROFESSIONALS (NCBMP) AT ITS ANNUAL CONFERENCE. THE CORPORATE AWARD IS PRESENTED ANNUALLY TO AN ORGANIZATION THAT HAS DEMONSTRATED A RECORD OF MAKING A STRONG POSITIVE IMPACT ON PEOPLE OF COLOR WITHIN THE MEETINGS AND EVENTS INDUSTRY. -THE ZETA PHI BETA SORORITY, INC., ONE OF THE COUNTRY'S LARGEST WOMEN'S SERVICE ORGANIZATIONS, ENDED THEIR 2022 GRAND BOUL ON SUNDAY, JULY 24, 2022, IN PHILADELPHIA. 6,000 MEMBERS OF THE HISTORICALLY AFRICAN AMERICAN SORORITY GATHERED AT THE PENNSYLVANIA CONVENTION CENTER FOR A WEEK THAT INCLUDED CEREMONIES, AWARD PRESENTATIONS, A MASSIVE EXPO MARKETPLACE, A MARY J. BLIGE CONCERT, AND MUCH MORE. -PHL DIVERSITY HOSTED 19 EVENTS WITH 14,420 ATTENDEES AND 21,561 ROOM NIGHTS. THE DIVISION BOOKED 21 CONVENTIONS FOR FUTURE YEARS WITH AN ESTIMATED 29,581 ATTENDEES AND 25,095 ROOM NIGHTS. | Desc |
Prog Srvc Accom Acty2 ProgSrvcAccomActy2Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Expense | $3,476,552 | ExpenseAmt |
| Desc | MARKETING & COMMUNICATIONS THE MARKETING AND COMMUNICATIONS FUNCTION SUPPORTS SALES AND BUSINESS DEVELOPMENT INITIATIVES FOR THE PHLCVB AND THE PENNSYLVANIA CONVENTION CENTER BY PROMOTING PHILADELPHIA AND THE REGION THROUGH A COMPREHENSIVE WEBSITE AND FULLY INTEGRATED MARKETING, ADVERTISING, PUBLIC RELATIONS, SOCIAL MEDIA AND DIGITAL COMMUNICATION STRATEGY. THE PHLCVB'S EFFORTS TARGET MEETING PLANNERS, INFLUENCERS, CONVENTION ATTENDEES, DOMESTIC GROUP TOUR OPERATORS, OVERSEAS 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 CAMPAIGNS: "THE PHLCVB USED A VARIETY OF PAID MEDIA CHANNELS TARGETING MEETING AND CONVENTION, DOMESTIC GROUP, AND TRAVEL TRADE AUDIENCES. THIS YEAR, THE TEAM EXPANDED ITS FOCUS FROM REGIONAL TO NATIONAL CAMPAIGNS WITH ATTENTION ON PAID CONTENT DISTRIBUTION OPPORTUNITIES (ADVERTORIALS, E-NEWSLETTERS, VIDEO, AND PREMIER PLACEMENTS). "IN ADDITION TO WORKING WITH TRADITIONAL INDUSTRY PUBLICATIONS, THE PLAN WAS DIVERSIFIED TO INCLUDE NON-INDUSTRY SITES, INCLUDING THE WALL STREET JOURNAL, FORBES MEDIA, CNBC, AND NEW YORK TIMES BUSINESS. DIGITAL MARKETING RESULTS: "THE PHLCVB 'S SOCIAL MEDIA CHANNELS INCREASED FANS AND FOLLOWERS BY 39,643. TOTAL FANS AND FOLLOWERS ACROSS ALL OWNED ACCOUNTS TOTALED 371,333 OVER 12 ACCOUNTS IN 9 COUNTRIES. "IN FISCAL 2023, THE PHLCVB WEBSITE HAD 806,541 TOTAL UNIQUE VISITS, UP 64% FROM FISCAL 2021. | Desc |
Prog Srvc Accom Acty3 ProgSrvcAccomActy3Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Expense | $1,377,813 | ExpenseAmt |
| Desc | GLOBAL TOURISM "IN FISCAL 2023, THE GLOBAL TOURISM TEAM IN PHILADELPHIA WAS SUPPORTED BY FIVE IN-COUNTRY REPRESENTATION OFFICES WHO HAVE A PRESENCE IN EIGHT OVERSEAS MARKETS. "IN FISCAL 2023, INBOUND OVERSEAS TRAVEL FINALLY RESUMED, AND GLOBAL VISITORS WERE BACK IN PHILADELPHIA'S AIRPORT, HOTELS, ATTRACTIONS, SHOPS, AND RESTAURANTS. OVERSEAS VISITATION TO PHILADELPHIA REACHED 444,200 IN FISCAL 2023,RESULTING IN 332.4 MILLION IN SPENDING. THESE VISITORS CONTRIBUTED AN ECONOMIC IMPACT OF 548.5 MILLION AND DIRECTLY SUPPORTED 4,664 JOBS. "GLOBAL TOURISM ACTIVITY HIGHLIGHTS INCLUDE THE TEAM ATTENDING 17 GLOBAL TRADESHOWS, TRAINING 1,960 TRAVEL AGENTS, AND CREATING 34 MULTI-WEEK MARKETING CAMPAIGNS, RESULTING IN OVER 500 MEDIA ENGAGEMENTS. | Desc |
Prog Srvc Accom Acty Other ProgSrvcAccomActyOtherGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Expense | $1,027,503 | ExpenseAmt |
| Desc | GROUP TOUR SALES-673,770 THE PHLCVB'S GROUP TOUR SALES PROGRAM HELPS GROW OVERNIGHT VISITATION BY CONNECTING WITH DOMESTIC GROUP TOUR OPERATORS. THE TEAM WORKED TO POSITION PHILADELPHIA AS A TOP US DESTINATION FOR GROUP LEISURE TRAVEL BY DELIVERING DESTINATION UPDATES AND GROUP-SPECIFIC CONTENT TO KEY GROUP TRAVEL PLANNERS AND ACTIVELY SERVICING INCOMING GROUP TOUR LEADS. MEMBERSHIP-353,733 THE PHLCVB'S MEMBERSHIP PROGRAM, RENAMED THE PARTNERSHIP PROGRAM, ACTIVELY ENGAGES THE LOCAL BUSINESS COMMUNITY THROUGH NETWORKING EVENTS AND EDUCATIONAL SEMINARS DESIGNED TO CONNECT LOCAL BUSINESSES WITH MEETING PLANNERS AND CONVENTION BUSINESS. PHLCVB MEMBERS ARE LOCAL BUSINESS OWNERS ACROSS ALL NEIGHBORHOODS THROUGHOUT THE AREA. "FISCAL YEAR 2023 REPRESENTED A YEAR OF EXCITING PROGRESS FOR THE PARTNERSHIP DEPARTMENT WITH PURPOSEFUL NETWORKING AND EDUCATIONAL EVENTS AIMED AT STRENGTHENING THE BOND WITH VALUED PARTNERS. "THE PHLCVB HAD 646 TOTAL PARTNERS, WITH 71 NEW PARTNERS JOINING OVER THE CALENDAR YEAR AND A RETENTION RATE OF 93%. | Desc |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Other Prog Srvc Expense | $1,027,503 | TotalOtherProgSrvcExpenseAmt |
| Total Program Service Expenses | $14,970,002 | TotalProgramServiceExpensesAmt |
| Described In Section501c3 | false | DescribedInSection501c3Ind |
| Schedule B Required | false | ScheduleBRequiredInd |
| Political Campaign Acty | false | PoliticalCampaignActyInd |
| Subject To Proxy Tax | Yes (true) | SubjectToProxyTaxInd |
| Donor Advised Fund | false | DonorAdvisedFundInd |
| Conservation Easements | false | ConservationEasementsInd |
| Collections Of Art | false | CollectionsOfArtInd |
| Credit Counseling | false | CreditCounselingInd |
| Donor Rstr Or Quasi Endowments | false | DonorRstrOrQuasiEndowmentsInd |
| Report Land Building Equipment | Yes (true) | ReportLandBuildingEquipmentInd |
| Report Investments Other Sec | false | ReportInvestmentsOtherSecInd |
| Report Program Related Invst | false | ReportProgramRelatedInvstInd |
| Report Other Assets | false | ReportOtherAssetsInd |
| Report Other Liabilities | Yes (true) | ReportOtherLiabilitiesInd |
| Include FIN48 Footnote | Yes (true) | IncludeFIN48FootnoteInd |
| Independent Audit Fincl Stmt | false | IndependentAuditFinclStmtInd |
| Consolidated Audit Fincl Stmt | Yes (true) | ConsolidatedAuditFinclStmtInd |
| School Operating | false | SchoolOperatingInd |
| Foreign Office | false | ForeignOfficeInd |
| Foreign Activities | false | ForeignActivitiesInd |
| More Than5000 K To Org | false | MoreThan5000KToOrgInd |
| More Than5000 K To Individuals | false | MoreThan5000KToIndividualsInd |
| Professional Fundraising | false | ProfessionalFundraisingInd |
| Fundraising Activities | false | FundraisingActivitiesInd |
| Gaming Activities | false | GamingActivitiesInd |
| Operate Hospital | false | OperateHospitalInd |
| Grants To Organizations | false | GrantsToOrganizationsInd |
| Grants To Individuals | false | GrantsToIndividualsInd |
| Schedule J Required | Yes (true) | ScheduleJRequiredInd |
| Tax Exempt Bonds | false | TaxExemptBondsInd |
| Loan Outstanding | false | LoanOutstandingInd |
| Grant To Related Person | false | GrantToRelatedPersonInd |
| Business Rln With Org Mem | Yes (true) | BusinessRlnWithOrgMemInd |
| Business Rln With Fam Mem | false | BusinessRlnWithFamMemInd |
| Business Rln With35 Ctrl Ent | false | BusinessRlnWith35CtrlEntInd |
| Deductible Non Cash Contri | false | DeductibleNonCashContriInd |
| Deductible Art Contribution | false | DeductibleArtContributionInd |
| Terminate Operations | false | TerminateOperationsInd |
| Partial Liquidation | false | PartialLiquidationInd |
| Disregarded Entity | false | DisregardedEntityInd |
| Related Entity | Yes (true) | RelatedEntityInd |
| Related Organization Ctrl Ent | Yes (true) | RelatedOrganizationCtrlEntInd |
| Transaction With Control Ent | false | TransactionWithControlEntInd |
| Activities Conducted Prtshp | false | ActivitiesConductedPrtshpInd |
| Schedule O Required | Yes (true) | ScheduleORequiredInd |
| IRP Document | 131 | IRPDocumentCnt |
| IRP Document W2 G | 0 | IRPDocumentW2GCnt |
| Employee | 61 | EmployeeCnt |
| Employment Tax Returns Filed | Yes (true) | EmploymentTaxReturnsFiledInd |
| Unrelated Bus Incm Over Limit | false | UnrelatedBusIncmOverLimitInd |
| Foreign Financial Account | false | ForeignFinancialAccountInd |
| Prohibited Tax Shelter Trans | false | ProhibitedTaxShelterTransInd |
| Taxable Party Notification | false | TaxablePartyNotificationInd |
| Nondeductible Contributions | false | NondeductibleContributionsInd |
| Indoor Tanning Services | false | IndoorTanningServicesInd |
| Subj To Tax Rmnrtn Ex Prcht Pymt | false | SubjToTaxRmnrtnExPrchtPymtInd |
| Subject To Excs Tax Net Invst Inc | false | SubjectToExcsTaxNetInvstIncInd |
| Info In Schedule O Part VI | Yes (X) | InfoInScheduleOPartVIInd |
| Governing Body Voting Members | 59 | GoverningBodyVotingMembersCnt |
| Independent Voting Member | 58 | IndependentVotingMemberCnt |
| Family Or Business Rln | false | FamilyOrBusinessRlnInd |
| Delegation Of Mgmt Duties | false | DelegationOfMgmtDutiesInd |
| Change To Org Documents | false | ChangeToOrgDocumentsInd |
| Material Diversion Or Misuse | false | MaterialDiversionOrMisuseInd |
| Members Or Stockholders | Yes (true) | MembersOrStockholdersInd |
| Election Of Board Members | Yes (true) | ElectionOfBoardMembersInd |
| Decisions Subject To Approva | Yes (true) | DecisionsSubjectToApprovaInd |
| Minutes Of Governing Body | Yes (true) | MinutesOfGoverningBodyInd |
| Minutes Of Committees | Yes (true) | MinutesOfCommitteesInd |
| Officer Mailing Address | false | OfficerMailingAddressInd |
| Local Chapters | false | LocalChaptersInd |
| Form990 Provided To Gvrn Body | false | Form990ProvidedToGvrnBodyInd |
| Conflict Of Interest Policy | Yes (true) | ConflictOfInterestPolicyInd |
| Annual Disclosure Covered Prsn | Yes (true) | AnnualDisclosureCoveredPrsnInd |
| Regular Monitoring Enfrc | Yes (true) | RegularMonitoringEnfrcInd |
| Whistleblower Policy | Yes (true) | WhistleblowerPolicyInd |
| Document Retention Policy | Yes (true) | DocumentRetentionPolicyInd |
| Compensation Process CEO | Yes (true) | CompensationProcessCEOInd |
| Compensation Process Other | Yes (true) | CompensationProcessOtherInd |
| Investment In Joint Venture | false | InvestmentInJointVentureInd |
| States Where Copy Of Return Is Fld | PA | StatesWhereCopyOfReturnIsFldCd |
| Upon Request | Yes (X) | UponRequestInd |
Books In Care Of Detail BooksInCareOfDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person | ARTHUR AYRES | PersonNm |
| Phone | 2156364462 | PhoneNum |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 1601 MARKET ST SUITE 200 | AddressLine1Txt |
| City | PHILADELPHIA | CityNm |
| State Abbreviation | PA | StateAbbreviationCd |
| ZIP | 19102 | ZIPCd |
Form990 Part VII Section A Form990PartVIISectionAGrp (8 entries)
| TitleTitleTxt | Average Hours Per WeekAverageHoursPerWeekRt | OfficerOfficerInd | Reportable Comp From OrgReportableCompFromOrgAmt | Reportable Comp From Rltd OrgReportableCompFromRltdOrgAmt | Other CompensationOtherCompensationAmt | Highest Compensated EmployeeHighestCompensatedEmployeeInd | Individual Trustee Or DirectorIndividualTrusteeOrDirectorInd |
|---|---|---|---|---|---|---|---|
| GREGG CAREN | |||||||
| PRES. & CEO | 50.00 | Yes (X) | $506,304 | $0 | $38,687 | ||
| MARIA GRASSO | |||||||
| SR VP CONV D | 50.00 | $249,467 | $0 | $54,899 | Yes (X) | ||
| ARTHUR M AYRES | |||||||
| SR VP OF FIN | 50.00 | Yes (X) | $214,545 | $0 | $45,808 | ||
| JOSEPH HELLER | |||||||
| VP MARCOM | 50.00 | $209,017 | $0 | $36,130 | Yes (X) | ||
| LARRY NEEDLE | |||||||
| EXEC DIR PH | 50.00 | $190,528 | $0 | $41,492 | Yes (X) | ||
| KEVIN RICHARDS | |||||||
| NATL ACCOUNT | 50.00 | $211,508 | $0 | $19,319 | Yes (X) | ||
| BONNIE GRANT | |||||||
| EX DIR PHL L | 50.00 | $170,094 | $0 | $37,395 | Yes (X) | ||
| SEE ATTACHED FOR THE BOD LIST | |||||||
| BOD | $0 | $0 | $0 | Yes (X) | |||
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Reportable Comp From Org | $1,751,463 | TotalReportableCompFromOrgAmt |
| Total Other Compensation | $273,730 | TotalOtherCompensationAmt |
| Indiv Rcvd Greater Than100 K | 9 | IndivRcvdGreaterThan100KCnt |
| Former Ofcr Employees Listed | false | FormerOfcrEmployeesListedInd |
| Total Comp Greater Than150 K | Yes (true) | TotalCompGreaterThan150KInd |
| Compensation From Other Srcs | false | CompensationFromOtherSrcsInd |
Contractor Compensation ContractorCompensationGrp (5 entries)
| Address Line1ContractorAddress/USAddress/AddressLine1Txt | CityContractorAddress/USAddress/CityNm | State AbbreviationContractorAddress/USAddress/StateAbbreviationCd | ZIPContractorAddress/USAddress/ZIPCd | ServicesServicesDesc | CompensationCompensationAmt |
|---|---|---|---|---|---|
| PA 1601 MARKET STREET LP | |||||
| 1601 MARKET STREET SUITE 2220 | PHILADELPHIA | PA | 19103 | RENT | $410,868 |
| BRAND USA | |||||
| 1725 I STREET NW - SUITE 800 | WASHINGTON | DC | 20006 | GLOBAL MARKETIN | $200,000 |
| TEMPEST INTERACTIVE MEDIA | |||||
| 30 S 15TH STREET-SUITE 1001 | PHILADELPHIA | PA | 19102 | PERF MRKTG MGMT | $193,300 |
| TOURISM ECONOMICS LLC | |||||
| 303 WEST LANCASTER AVE SUITE 2E | WAYNE | PA | 19087 | RESEARCH | $133,625 |
| TEMPESTIDSS GLOBAL LLC | |||||
| 30 S 15TH STREET-SUITE 1001 | PHILADELPHIA | PA | 19102 | SALES/MEM. CRM | $100,250 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Cntrct Rcvd Greater Than100 K | 5 | CntrctRcvdGreaterThan100KCnt |
| Membership Dues | $823,030 | MembershipDuesAmt |
| Government Grants | $10,572,232 | GovernmentGrantsAmt |
| All Other Contributions | $147,956 | AllOtherContributionsAmt |
| Total Contributions | $11,543,218 | TotalContributionsAmt |
Program Service Revenue ProgramServiceRevenueGrp (2 entries)
| DescDesc | Total Revenue ColumnTotalRevenueColumnAmt | Related Or Exempt Func IncomeRelatedOrExemptFuncIncomeAmt |
|---|---|---|
| MARKETING & SERVICE CONTRACT | $6,692,452 | $6,692,452 |
| PUBLICATION REVENUE | $51,500 | $51,500 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Program Service Revenue | $6,743,952 | TotalProgramServiceRevenueAmt |
Investment Income InvestmentIncomeGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $384,184 | TotalRevenueColumnAmt |
| Related Or Exempt Func Income | $384,184 | RelatedOrExemptFuncIncomeAmt |
Other Revenue Misc OtherRevenueMiscGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Desc | OTHER INCOME | Desc |
| Total Revenue Column | $98,163 | TotalRevenueColumnAmt |
| Related Or Exempt Func Income | $98,163 | RelatedOrExemptFuncIncomeAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Revenue Total | $98,163 | OtherRevenueTotalAmt |
Total Revenue TotalRevenueGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $18,769,517 | TotalRevenueColumnAmt |
| Related Or Exempt Func Income | $7,226,299 | RelatedOrExemptFuncIncomeAmt |
Comp Current Ofcr Directors CompCurrentOfcrDirectorsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $720,849 | TotalAmt |
| Program Services | $641,556 | ProgramServicesAmt |
| Management And General | $79,293 | ManagementAndGeneralAmt |
Other Salaries And Wages OtherSalariesAndWagesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $5,726,667 | TotalAmt |
| Program Services | $5,101,510 | ProgramServicesAmt |
| Management And General | $625,157 | ManagementAndGeneralAmt |
Other Employee Benefits OtherEmployeeBenefitsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $1,543,182 | TotalAmt |
| Program Services | $1,137,460 | ProgramServicesAmt |
| Management And General | $405,722 | ManagementAndGeneralAmt |
Fees For Services Legal FeesForServicesLegalGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $13,307 | TotalAmt |
| Management And General | $13,307 | ManagementAndGeneralAmt |
Fees For Services Accounting FeesForServicesAccountingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $44,545 | TotalAmt |
| Management And General | $44,545 | ManagementAndGeneralAmt |
Fees For Services Other FeesForServicesOtherGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $774,847 | TotalAmt |
| Program Services | $517,046 | ProgramServicesAmt |
| Management And General | $257,801 | ManagementAndGeneralAmt |
Advertising AdvertisingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $4,136,498 | TotalAmt |
| Program Services | $4,093,528 | ProgramServicesAmt |
| Management And General | $42,970 | ManagementAndGeneralAmt |
Office Expenses OfficeExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $116,340 | TotalAmt |
| Program Services | $58,340 | ProgramServicesAmt |
| Management And General | $58,000 | ManagementAndGeneralAmt |
Information Technology InformationTechnologyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $475,444 | TotalAmt |
| Program Services | $394,849 | ProgramServicesAmt |
| Management And General | $80,595 | ManagementAndGeneralAmt |
Occupancy OccupancyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $445,297 | TotalAmt |
| Program Services | $391,861 | ProgramServicesAmt |
| Management And General | $53,436 | ManagementAndGeneralAmt |
Travel TravelGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $1,056,950 | TotalAmt |
| Program Services | $1,021,700 | ProgramServicesAmt |
| Management And General | $35,250 | ManagementAndGeneralAmt |
Conferences Meetings ConferencesMeetingsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $1,107,171 | TotalAmt |
| Program Services | $1,107,171 | ProgramServicesAmt |
Depreciation Depletion DepreciationDepletionGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $58,697 | TotalAmt |
| Program Services | $51,654 | ProgramServicesAmt |
| Management And General | $7,043 | ManagementAndGeneralAmt |
Insurance InsuranceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $46,499 | TotalAmt |
| Management And General | $46,499 | ManagementAndGeneralAmt |
Other Expenses OtherExpensesGrp (3 entries)
| DescDesc | TotalTotalAmt | Program ServicesProgramServicesAmt | Management And GeneralManagementAndGeneralAmt |
|---|---|---|---|
| GENERAL DONATIONS | $439,347 | $369,116 | $70,231 |
| CELL PHONE CHARGES | $90,073 | $79,148 | $10,925 |
| OTHER ADMIN AND GENERAL | $5,360 | $5,063 | $297 |
Total Functional Expenses TotalFunctionalExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $16,801,073 | TotalAmt |
| Program Services | $14,970,002 | ProgramServicesAmt |
| Management And General | $1,831,071 | ManagementAndGeneralAmt |
| Fundraising | $0 | FundraisingAmt |
Cash Non Interest Bearing CashNonInterestBearingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $17,761,604 | BOYAmt |
| EOY | $10,126,887 | EOYAmt |
Savings And Temp Cash Invst SavingsAndTempCashInvstGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| EOY | $10,148,146 | EOYAmt |
Accounts Receivable AccountsReceivableGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $585,704 | BOYAmt |
| EOY | $534,338 | EOYAmt |
Prepaid Expenses Defrd Charges PrepaidExpensesDefrdChargesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $106,709 | BOYAmt |
| EOY | $696,172 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Land Bldg Equip Cost Or Other Bss | $1,044,789 | LandBldgEquipCostOrOtherBssAmt |
| Land Bldg Equip Accum Deprec | $761,564 | LandBldgEquipAccumDeprecAmt |
Land Bldg Equip Basis Net LandBldgEquipBasisNetGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $341,922 | BOYAmt |
| EOY | $283,225 | EOYAmt |
Intangible Assets IntangibleAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $2,840,550 | BOYAmt |
| EOY | $2,477,952 | EOYAmt |
Total Assets TotalAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $21,636,489 | BOYAmt |
| EOY | $24,266,720 | EOYAmt |
Accounts Payable Accr Expnss AccountsPayableAccrExpnssGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $1,807,354 | BOYAmt |
| EOY | $2,520,778 | EOYAmt |
Deferred Revenue DeferredRevenueGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $2,789,956 | BOYAmt |
| EOY | $3,119,912 | EOYAmt |
Other Liabilities OtherLiabilitiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $3,220,198 | BOYAmt |
| EOY | $2,838,605 | EOYAmt |
Total Liabilities TotalLiabilitiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $7,817,508 | BOYAmt |
| EOY | $8,479,295 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Organization Follows FASB117 | Yes (X) | OrganizationFollowsFASB117Ind |
No Donor Restriction Net Assets NoDonorRestrictionNetAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $13,818,981 | BOYAmt |
| EOY | $15,787,425 | EOYAmt |
Total Net Assets Fund Balance TotalNetAssetsFundBalanceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $13,818,981 | BOYAmt |
| EOY | $15,787,425 | EOYAmt |
Tot Liab Net Assets Fund Balance TotLiabNetAssetsFundBalanceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $21,636,489 | BOYAmt |
| EOY | $24,266,720 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Reconcilation Revenue Expnss | $1,968,444 | ReconcilationRevenueExpnssAmt |
| Method Of Accounting Accrual | Yes (X) | MethodOfAccountingAccrualInd |
| Accountant Compile Or Review | false | AccountantCompileOrReviewInd |
| FS Audited | Yes (true) | FSAuditedInd |
FS Audited Basis FSAuditedBasisGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Consolidated Basis Fincl Stmt | Yes (X) | ConsolidatedBasisFinclStmtInd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Audit Committee | Yes (true) | AuditCommitteeInd |
| Federal Grant Audit Required | false | FederalGrantAuditRequiredInd |
Schedule C IRS990ScheduleC
| Field | Value | IRS element (for citing) |
|---|---|---|
| Substantially All Dues Nonded | false | SubstantiallyAllDuesNondedInd |
| Only In House Lobbying | false | OnlyInHouseLobbyingInd |
| Agree Carryover Prior Year | false | AgreeCarryoverPriorYearInd |
Schedule D IRS990ScheduleD
Leasehold Improvements LeaseholdImprovementsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | $607,939 | OtherCostOrOtherBasisAmt |
| Depreciation | $343,727 | DepreciationAmt |
| Book Value | $264,212 | BookValueAmt |
Other Land Buildings OtherLandBuildingsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | $436,850 | OtherCostOrOtherBasisAmt |
| Depreciation | $417,837 | DepreciationAmt |
| Book Value | $19,013 | BookValueAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Book Value Land Buildings | $283,225 | TotalBookValueLandBuildingsAmt |
Other Liabilities Org OtherLiabilitiesOrgGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Desc | OPERATING LEASE LIABILITY | Desc |
| Amt | $2,838,605 | Amt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Liability | $2,838,605 | TotalLiabilityAmt |
| Footnote Text | Yes (X) | FootnoteTextInd |
| Total Rev Etc Audited Fincl Stmt | $18,883,506 | TotalRevEtcAuditedFinclStmtAmt |
| Donated Services And Use Fclts | $113,989 | DonatedServicesAndUseFcltsAmt |
| Revenue Not Reported | $113,989 | RevenueNotReportedAmt |
| Revenue Subtotal | $18,769,517 | RevenueSubtotalAmt |
| Total Revenue Per Form990 | $18,769,517 | TotalRevenuePerForm990Amt |
| Tot Expns Etc Audited Fincl Stmt | $16,915,062 | TotExpnsEtcAuditedFinclStmtAmt |
| Donated Services Use Fclts | $113,989 | DonatedServicesUseFcltsAmt |
| Expenses Not Reported | $113,989 | ExpensesNotReportedAmt |
| Expenses Subtotal | $16,801,073 | ExpensesSubtotalAmt |
| Total Expenses Per Form990 | $16,801,073 | TotalExpensesPerForm990Amt |
Supplemental Information Detail SupplementalInformationDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Form And Line Reference | SCHEDULE D, PAGE 3, PART X | FormAndLineReferenceDesc |
| Explanation | 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. COLLECTIVELY, CVB AND THE FOUNDATION ARE REFERRED TO AS THE PHLCVB. THE PHLCVB IS SUBJECT TO ROUTINE AUDITS BY TAXING JURISDICTIONS; HOWEVER, THERE ARE CURRENTLY NO AUDITS FOR ANY TAX PERIODS IN PROGRESS. PHLCVB BELIEVES IT IS NO LONGER SUBJECT TO INCOME TAX EXAMINATIONS FOR YEARS PRIOR TO 2019. | ExplanationTxt |
Schedule J IRS990ScheduleJ
| Field | Value | IRS element (for citing) |
|---|---|---|
| Severance Payment | false | SeverancePaymentInd |
| Supplemental Nonqual Rtr Plan | false | SupplementalNonqualRtrPlanInd |
| Equity Based Comp Arrngm | false | EquityBasedCompArrngmInd |
Rltd Org Officer Trst Key Empl RltdOrgOfficerTrstKeyEmplGrp (7 entries)
| TitleTitleTxt | Base Compensation Filing OrgBaseCompensationFilingOrgAmt | Bonus Filing OrganizationBonusFilingOrganizationAmount | Other Compensation Filing OrgOtherCompensationFilingOrgAmt | Deferred Compensation Flng OrgDeferredCompensationFlngOrgAmt | Nontaxable Benefits Filing OrgNontaxableBenefitsFilingOrgAmt | Total Compensation Filing OrgTotalCompensationFilingOrgAmt |
|---|---|---|---|---|---|---|
| GREGG CAREN | ||||||
| PRES. & CEO | $363,915 | $123,072 | $19,317 | $37,387 | $1,300 | $544,991 |
| MARIA GRASSO | ||||||
| SR VP CONV DIVISIONS | $234,363 | $10,500 | $4,604 | $35,658 | $19,241 | $304,366 |
| ARTHUR M AYRES | ||||||
| SR VP OF FINANCE & A | $208,314 | $6,231 | $26,635 | $19,173 | $260,353 | |
| JOSEPH HELLER | ||||||
| VP MARCOM | $205,086 | $3,931 | $27,781 | $8,349 | $245,147 | |
| LARRY NEEDLE | ||||||
| EXEC DIR PHL SPORTS | $184,572 | $5,956 | $17,801 | $23,691 | $232,020 | |
| KEVIN RICHARDS | ||||||
| NATL ACCOUNTS DIR | $180,149 | $28,413 | $2,946 | $19,122 | $197 | $230,827 |
| BONNIE GRANT | ||||||
| EX DIR PHL LIFE | $166,762 | $3,332 | $27,240 | $10,155 | $207,489 | |
Schedule L IRS990ScheduleL
Bus Tr Involve Interested Prsn BusTrInvolveInterestedPrsnGrp
Name Of Interested NameOfInterested
Business Name BusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | JOHN PIERCE | BusinessNameLine1Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Relationship Description | BOARD MEMBER | RelationshipDescriptionTxt |
| Transaction | $23,594 | TransactionAmt |
| Transaction | LEGAL FEES | TransactionDesc |
| Sharing Of Revenues | false | SharingOfRevenuesInd |
Schedule O IRS990ScheduleO
Supplemental Information Detail SupplementalInformationDetail (13 entries)
| Form And Line ReferenceFormAndLineReferenceDesc | ExplanationExplanationTxt |
|---|---|
| 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 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. FISCAL YEAR 2023 WAS A SIGNIFICANT YEAR OF ACCOMPLISHMENTS THAT INCLUDED LANDMARK ANNOUNCEMENTS, THE STEADY RETURN OF MEETINGS AND EVENTS, AND THE RESUMPTION OF OVERSEAS TRAVEL. WE WELCOMED LARGE, IN-PERSON EVENTS BACK TO THE PENNSYLVANIA CONVENTION CENTER (PCC), CULMINATING IN A FULL SLATE OF 19 CITYWIDES FOR THE FIRST TIME SINCE 2019. PHILADELPHIA MADE HEADLINES IN JUNE 2022 AS WE WERE SELECTED AS A HOST CITY FOR THE WORLD'S BIGGEST SPORTING EVENT, THE FIFA WORLD CUP 2026 AND WWE CHOSE PHILADELPHIA AS THE LOCATION FOR WRESTLEMANIA 40 IN 2024. BORDERS REOPENED AND INTERNATIONAL VISITORS RETURNED TO THE CITY. THIS MOMENTUM SET US WELL ON TRACK TO REACH AND SURPASS PRE-PANDEMIC METRICS. OUR INITIATIVES ARE FOCUSED ON THE FOLLOWING KEY PROGRAMS: -CONVENTION SALES: SALES, DESTINATION SERVICES AND INCENTIVE EFFORTS TO ATTRACT AND REBOOK MAJOR CONVENTIONS, TRADESHOWS, MEETINGS AND SPORTING EVENTS. -GLOBAL TOURISM: OVERSEAS LEISURE TOURISM SALES AND MARKETING INCLUDING REPRESENTATION FIRMS AROUND THE GLOBE IN CHINA, INDIA, AUSTRALIA, MEXICO, CANADA, FRANCE, ITALY (ALSO COVERS SPAIN), GERMANY (ALSO COVERS AUSTRIA AND SWITZERLAND), AND THE U.K. (ALSO COVERS IRELAND). -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 PROGRAMS TARGETING MEETING AND EVENT PROFESSIONALS, INFLUENCERS, CONVENTION ATTENDEES, DOMESTIC GROUP TOUR OPERATORS, OVERSEAS LEISURE TRAVELERS AND TRAVEL TRADE PROFESSIONALS. -PARTNERSHIP: CONNECTING OVER 640 PARTNERS ANNUALLY TO OPPORTUNITIES TO GROW THEIR BUSINESS THROUGH THE TOURISM GENERATED BY THE PHLCVB SALES EFFORTS. |
| 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 PENNSYLVANIA CONVENTION CENTER, MEMBER HOTELS, AND OFF-SITE VENUES. 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 - AS WELL AS DATA AND ANALYTICAL RESEARCH THAT SUPPORTS THE CONVENTION SALES FUNCTION. IN FISCAL YEAR 2023, PHILADELPHIA'S HOSPITALITY INDUSTRY CONTINUED ITS RECOVERY FROM THE IMPACT OF COVID-19, WITH PERFORMANCE METRICS STEADILY IMPROVING ACROSS ALL CATEGORIES. THE RESULTS OF THE PHLCVB'S 2023 EVENTS ARE: -THE PHLCVB HELD 224 EVENTS, INCLUDING 19 CITYWIDE EVENTS (OVER 2,000 ROOM NIGHTS ON PEAK), WITH 434,300 ATTENDEES, RESULTING IN 513,400 ROOM NIGHTS AND 621.6 MILLION IN TOTAL HOTEL ROOM REVENUE. -THE PHLCVB SECURED 223 FUTURE EVENTS, INCLUDING 14 CITYWIDE EVENTS, PROJECTED TO BRING AN ESTIMATED 825,000 ATTENDEES TO PHILADELPHIA, GENERATING APPROXIMATELY 480,000 TOTAL ESTIMATED 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 YEAR 2023, PHL LIFE SCIENCES HOSTED 52 EVENTS WITH 79,745 ATTENDEES, AND 170,690 ROOM NIGHTS. THE DIVISION BOOKED 56 CONVENTIONS FOR FUTURE YEARS WITH AN ESTIMATED 41,399 ATTENDEES AND 97,921 ROOM NIGHTS. -PHL LIFE SCIENCES WELCOMED UPWARDS OF 10,000 ATTENDEES FOR AMERICAN NURSES CREDENTIALING CENTER'S (ANCC) MAGNET AND PATHWAY CONFERENCE AT THE PENNSYLVANIA CONVENTION CENTER. THE CONFERENCE CELEBRATES THE OUTSTANDING ACCOMPLISHMENTS OF NURSES ON THE FRONT LINES AND AWARDS SPECIAL DESIGNATIONS FOR HEALTH CARE WORKERS. THE PHILADELPHIA REGION IS PROUD TO HAVE 17 MAGNET CERTIFIED INSTITUTIONS. -AMERICAN COLLEGE OF RHEUMATOLOGY (ACR) CONVERGENCE 2022 WELCOMED OVER 7,800 ATTENDEES AND EXHIBITORS TO THE PENNSYLVANIA CONVENTION CENTER FROM NOVEMBER 10-14. ACR SERVES MORE THAN 7,700 SPECIALTY PHYSICIANS, HEALTH PROFESSIONALS, AND SCIENTISTS WORLDWIDE. THE ANNUAL MEETING OFFERED IN- PERSON, VIRTUAL, AND ON-DEMAND OPPORTUNITIES, PROVIDING ACCESSIBLE OPTIONS FOR ALL. PHL SPORTS: FOR MORE THAN 30 YEARS, PHL SPORTS HAS BROUGHT MAJOR SPORTING EVENTS AND CONVENTIONS TO PHILADELPHIA. THE PHL SPORTS ADVISORY BOARD, CHAIRED BY PHILADELPHIA EAGLES PRESIDENT DON SMOLENSKI, IS COMPRISED OF 60 SPORTS LEADERS, INCLUDING THE CITY'S COLLEGIATE ATHLETIC DIRECTORS, PROFESSIONAL TEAM EXECUTIVES, AND CITY OF PHILADELPHIA OFFICIALS, AMONG MANY OTHERS. 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: -MARCH MADNESS WILL RETURN TO PHILADELPHIA IN 2026. -ON JUNE 16, 2022, PHILADELPHIA SECURED ONE OF THE 11 HOST CITY SPOTS IN THE UNITED STATES FOR THE FIFA WORLD CUP 2026. THE EVENT WILL BE PART OF AN INCREDIBLE SPORTS CALENDAR THAT YEAR, INCLUDING THE PGA CHAMPIONSHIP, MAJOR LEAGUE BASEBALL (MLB) ALL-STAR GAME, AND THE NCAA MEN'S BASKETBALL TOURNAMENT. -IN FISCAL YEAR 2023, PHL SPORTS BOOKED 36 FUTURE SPORTING EVENTS WITH AN ESTIMATED 611,593 ATTENDEES AND 209,463 ROOM NIGHTS. "A BOOKING HIGHLIGHT FROM 2023 IS WRESTLEMANIA 40, WHICH WILL BE HELD ON APRIL 6 AND 7, 2024. THE WEEK-LONG WWE EXTRAVAGANZA HAS GROWN INTO ONE OF THE COUNTRY'S BIGGEST SPORTING EVENTS, INCLUDING SIX MAJOR EVENTS AT THREE VENUES OVER FIVE DAYS, INCLUDING THE TWO-DAY TITLE SHOW AT LINCOLN FINANCIAL FIELD. 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: -PHL DIVERSITY RECEIVED THE 2022 CORPORATE AWARD FROM THE NATIONAL COALITION OF BLACK MEETING PROFESSIONALS (NCBMP) AT ITS ANNUAL CONFERENCE. THE CORPORATE AWARD IS PRESENTED ANNUALLY TO AN ORGANIZATION THAT HAS DEMONSTRATED A RECORD OF MAKING A STRONG POSITIVE IMPACT ON PEOPLE OF COLOR WITHIN THE MEETINGS AND EVENTS INDUSTRY. -THE ZETA PHI BETA SORORITY, INC., ONE OF THE COUNTRY'S LARGEST WOMEN'S SERVICE ORGANIZATIONS, ENDED THEIR 2022 GRAND BOUL ON SUNDAY, JULY 24, 2022, IN PHILADELPHIA. 6,000 MEMBERS OF THE HISTORICALLY AFRICAN AMERICAN SORORITY GATHERED AT THE PENNSYLVANIA CONVENTION CENTER FOR A WEEK THAT INCLUDED CEREMONIES, AWARD PRESENTATIONS, A MASSIVE EXPO MARKETPLACE, A MARY J. BLIGE CONCERT, AND MUCH MORE. -PHL DIVERSITY HOSTED 19 EVENTS WITH 14,420 ATTENDEES AND 21,561 ROOM NIGHTS. THE DIVISION BOOKED 21 CONVENTIONS FOR FUTURE YEARS WITH AN ESTIMATED 29,581 ATTENDEES AND 25,095 ROOM NIGHTS. |
| FORM 990, PAGE 2, PART III, LINE 4B | MARKETING & COMMUNICATIONS THE MARKETING AND COMMUNICATIONS FUNCTION SUPPORTS SALES AND BUSINESS DEVELOPMENT INITIATIVES FOR THE PHLCVB AND THE PENNSYLVANIA CONVENTION CENTER BY PROMOTING PHILADELPHIA AND THE REGION THROUGH A COMPREHENSIVE WEBSITE AND FULLY INTEGRATED MARKETING, ADVERTISING, PUBLIC RELATIONS, SOCIAL MEDIA AND DIGITAL COMMUNICATION STRATEGY. THE PHLCVB'S EFFORTS TARGET MEETING PLANNERS, INFLUENCERS, CONVENTION ATTENDEES, DOMESTIC GROUP TOUR OPERATORS, OVERSEAS 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 CAMPAIGNS: "THE PHLCVB USED A VARIETY OF PAID MEDIA CHANNELS TARGETING MEETING AND CONVENTION, DOMESTIC GROUP, AND TRAVEL TRADE AUDIENCES. THIS YEAR, THE TEAM EXPANDED ITS FOCUS FROM REGIONAL TO NATIONAL CAMPAIGNS WITH ATTENTION ON PAID CONTENT DISTRIBUTION OPPORTUNITIES (ADVERTORIALS, E-NEWSLETTERS, VIDEO, AND PREMIER PLACEMENTS). "IN ADDITION TO WORKING WITH TRADITIONAL INDUSTRY PUBLICATIONS, THE PLAN WAS DIVERSIFIED TO INCLUDE NON-INDUSTRY SITES, INCLUDING THE WALL STREET JOURNAL, FORBES MEDIA, CNBC, AND NEW YORK TIMES BUSINESS. DIGITAL MARKETING RESULTS: "THE PHLCVB 'S SOCIAL MEDIA CHANNELS INCREASED FANS AND FOLLOWERS BY 39,643. TOTAL FANS AND FOLLOWERS ACROSS ALL OWNED ACCOUNTS TOTALED 371,333 OVER 12 ACCOUNTS IN 9 COUNTRIES. "IN FISCAL 2023, THE PHLCVB WEBSITE HAD 806,541 TOTAL UNIQUE VISITS, UP 64% FROM FISCAL 2021. |
| FORM 990, PAGE 2, PART III, LINE 4C | GLOBAL TOURISM "IN FISCAL 2023, THE GLOBAL TOURISM TEAM IN PHILADELPHIA WAS SUPPORTED BY FIVE IN-COUNTRY REPRESENTATION OFFICES WHO HAVE A PRESENCE IN EIGHT OVERSEAS MARKETS. "IN FISCAL 2023, INBOUND OVERSEAS TRAVEL FINALLY RESUMED, AND GLOBAL VISITORS WERE BACK IN PHILADELPHIA'S AIRPORT, HOTELS, ATTRACTIONS, SHOPS, AND RESTAURANTS. OVERSEAS VISITATION TO PHILADELPHIA REACHED 444,200 IN FISCAL 2023,RESULTING IN 332.4 MILLION IN SPENDING. THESE VISITORS CONTRIBUTED AN ECONOMIC IMPACT OF 548.5 MILLION AND DIRECTLY SUPPORTED 4,664 JOBS. "GLOBAL TOURISM ACTIVITY HIGHLIGHTS INCLUDE THE TEAM ATTENDING 17 GLOBAL TRADESHOWS, TRAINING 1,960 TRAVEL AGENTS, AND CREATING 34 MULTI-WEEK MARKETING CAMPAIGNS, RESULTING IN OVER 500 MEDIA ENGAGEMENTS. |
| FORM 990, PAGE 2, PART III, LINE 4D | GROUP TOUR SALES-673,770 THE PHLCVB'S GROUP TOUR SALES PROGRAM HELPS GROW OVERNIGHT VISITATION BY CONNECTING WITH DOMESTIC GROUP TOUR OPERATORS. THE TEAM WORKED TO POSITION PHILADELPHIA AS A TOP US DESTINATION FOR GROUP LEISURE TRAVEL BY DELIVERING DESTINATION UPDATES AND GROUP-SPECIFIC CONTENT TO KEY GROUP TRAVEL PLANNERS AND ACTIVELY SERVICING INCOMING GROUP TOUR LEADS. MEMBERSHIP-353,733 THE PHLCVB'S MEMBERSHIP PROGRAM, RENAMED THE PARTNERSHIP PROGRAM, ACTIVELY ENGAGES THE LOCAL BUSINESS COMMUNITY THROUGH NETWORKING EVENTS AND EDUCATIONAL SEMINARS DESIGNED TO CONNECT LOCAL BUSINESSES WITH MEETING PLANNERS AND CONVENTION BUSINESS. PHLCVB MEMBERS ARE LOCAL BUSINESS OWNERS ACROSS ALL NEIGHBORHOODS THROUGHOUT THE AREA. "FISCAL YEAR 2023 REPRESENTED A YEAR OF EXCITING PROGRESS FOR THE PARTNERSHIP DEPARTMENT WITH PURPOSEFUL NETWORKING AND EDUCATIONAL EVENTS AIMED AT STRENGTHENING THE BOND WITH VALUED PARTNERS. "THE PHLCVB HAD 646 TOTAL PARTNERS, WITH 71 NEW PARTNERS JOINING OVER THE CALENDAR YEAR AND A RETENTION RATE OF 93%. |
| 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 NOW 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. |
Schedule R IRS990ScheduleR
Id Related Tax Exempt Org IdRelatedTaxExemptOrgGrp
Disregarded Entity Name DisregardedEntityName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | PCVB FOUNDATION | BusinessNameLine1Txt |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 1601 MARKET STREET SUITE 200 | AddressLine1Txt |
| City | PHILADELPHIA | CityNm |
| State Abbreviation | PA | StateAbbreviationCd |
| ZIP | 19102 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 300070983 | EIN |
| Primary Activities | FUNDRAISE | PrimaryActivitiesTxt |
| Legal Domicile State | PA | LegalDomicileStateCd |
| Exempt Code Section | 501C | ExemptCodeSectionTxt |
| Public Charity Status | 12B | PublicCharityStatusTxt |
Direct Controlling Entity Name DirectControllingEntityName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | PCVB | BusinessNameLine1Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Controlled Organization | Yes (true) | ControlledOrganizationInd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Receipt Of Int Annts Rnts Rylts | false | ReceiptOfIntAnntsRntsRyltsInd |
| Gift Grnt Or Cap Contri To Oth Org | false | GiftGrntOrCapContriToOthOrgInd |
| Gift Grnt Cap Contri From Oth Org | false | GiftGrntCapContriFromOthOrgInd |
| Loans Or Guarantees To Other Org | false | LoansOrGuaranteesToOtherOrgInd |
| Loans Or Guarantees From Oth Org | false | LoansOrGuaranteesFromOthOrgInd |
| Div Related Organization | false | DivRelatedOrganizationInd |
| Asset Sale To Other Org | false | AssetSaleToOtherOrgInd |
| Asset Purchase From Other Org | false | AssetPurchaseFromOtherOrgInd |
| Asset Exchange | false | AssetExchangeInd |
| Rental Of Facilities To Oth Org | false | RentalOfFacilitiesToOthOrgInd |
| Rental Of Fclts From Oth Org | false | RentalOfFcltsFromOthOrgInd |
| Perform Of Services For Oth Org | false | PerformOfServicesForOthOrgInd |
| Perform Of Services By Other Org | false | PerformOfServicesByOtherOrgInd |
| Sharing Of Facilities | false | SharingOfFacilitiesInd |
| Paid Employees Sharing | false | PaidEmployeesSharingInd |
| Reimbursement Paid To Other Org | false | ReimbursementPaidToOtherOrgInd |
| Reimbursement Paid By Other Org | false | ReimbursementPaidByOtherOrgInd |
| Transfer To Other Org | false | TransferToOtherOrgInd |
| Transfer From Other Org | false | TransferFromOtherOrgInd |
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