2022-10-04T12:50:52-05:00 2021-12-31 650406502 DASZKAL BOLTON LLP 2401 NW BOCA RATON BLVD BOCA RATON FL 334316639 990 2021-01-01 591707145 NASSAU-PARADISE ISLAND PROMOTION BOARD NASS 9548885900 1200 SOUTH PINE ISLAND RD 700 PLANTATION FL 33324 FREDERICK LOUNSBERRY CEO 9548885910 2022-10-04 1 FREDERICK LOUNSBERRY 999009999 MICHELLE B SHULMAN CPA P00645645 5613671040 2022-10-04 3 AAL1 IAL1 2021 2022-09-23 18:48:47Z FREDERICK LOUNSBERRY 1200 SOUTH PINE ISLAND RD STE 700 PLANTATION FL 33324 14831769 0 X WWW.NASSAUPARADISEISLAND.COM X 1977 FL MARKETING AND PROMOTION OF NASSAU AND PARADISE ISLAND, BAHAMAS, & THE BOARD'S 13 MEMBER HOTELS. 27 26 8 26 0 0 7573000 14831769 0 0 0 0 0 0 7573000 14831769 0 0 0 0 1697285 1416924 0 0 0 8330250 13548083 10027535 14965007 -2454535 -133238 6978901 7848897 7190301 8193535 -211400 -344638 X THE ONGOING MARKETING AND PROMOTION OF THE DESTINATION OF NASSAU AND PARADISE ISLANDS AND THE BAHAMAS AND THE PROMOTION BOARD'S MEMBER HOTELS.LEVIES ARE COLLECTED BY MEMBER HOTELS AND POOLED WITH MINISTRY OF TOURISM SUBSIDIES FOR THE MARKETING AND PROMOTION OF THE INDIVIDUAL ISLANDS' MEMBER HOTELS ON NASSAU-PARADISE ISLANDS THROUGH USING THE FOLLOWING MEDIA: INTERNET PRINT ADVERTISING TRADE SHOWS DIRECT MAIL TELEVISION/RADIO OTHER RELEVENT MEDIA AND PARTNERSHIPS 0 0 14477956 THE GOAL OF THIS ORGANIZATION IS TO INCREASE OCCUPANCY AND AVERAGE DAILY RATE OF ITS MEMBER HOTELS. DURING THIS TOUGH ECONOMIC ENVIRONMENT THE ORGANIZATION SUCCESSFULLY PROMOTED THE NASSAU AND PARADISE ISLANDS WHILE TOURISM REMAINED LARGELY FLAT IN THE CARIBBEAN. 14477956 0 0 0 1 0 0 0 0 0 1 0 0 0 0 1 1 0 0 1 1 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 1 0 0 0 1 0 0 8 1 0 1 BF 0 0 0 0 0 0 X 27 26 0 0 0 0 1 1 1 1 1 0 0 1 1 1 1 0 0 0 0 0 FL X THE ORGANIZATION 9548885919 1200 S PINE ISLAND ROAD STE 700 PLANTATION FL 33324 FREDERICK LOUNSBERRY CHIEF EXECUTIVE OFFICER 45.00 X 349741 0 6700 JOHN CONWAY CHAIRMAN 3.00 X X 0 0 0 GRAEME DAVIS VICE CHAIRMAN 1.00 X X 0 0 0 WILLIAM F NAUGHTON HONORARY TREASURER 1.00 X X 0 0 0 MICHAEL C RECKLEY SECRETARY TO THE BOARD 1.00 X X 0 0 0 GEORGE R MYERS CHAIRMAN EMERITUS 3.00 X X 0 0 0 GLENN A HADDAD EXECUTIVE DIRECTOR OF PITD 40.00 X 189263 0 0 JOY JIBRILU DIRECTOR 0.20 X 0 0 0 GISELLE PYFROM DIRECTOR 0.20 X 0 0 0 LANCE MILLAGE VICE CHAIRMAN 1.00 X 0 0 0 ENRICO GARZAROLI DIRECTOR 0.20 X 0 0 0 JUDITH L THOMPSON DIRECTOR 0.20 X 0 0 0 KAREN CAREY DIRECTOR 0.20 X 0 0 0 AUDREY OSWELL DIRECTOR 0.20 X 0 0 0 CHRIS ILLING DIRECTOR 0.20 X 0 0 0 ANTHONY KNOWLES DIRECTOR 0.20 X 0 0 0 SUE POHLHAMMER DIRECTOR 0.20 X 0 0 0 RUSSELL MILLER DIRECTOR 0.20 X 0 0 0 ULRICH SAMIETZ DIRECTOR 0.20 X 0 0 0 LUIGI ROMANIELLO DIRECTOR 0.20 X 0 0 0 SURINDER KAHLON DIRECTOR 0.20 X 0 0 0 JERMAINE WRIGHT DIRECTOR 0.20 X 0 0 0 JAMAL GLOVER DIRECTOR 0.20 X 0 0 0 CRAIG MARTIN DIRECTOR 0.20 X 0 0 0 LYNNE JOHNSON DIRECTOR 0.20 X 0 0 0 GREGG SKOWRONSKI DIRECTOR 0.20 X 0 0 0 KAPIL SHARMA DIRECTOR 0.20 X 0 0 0 AXEL GASSER DIRECTOR 0.20 X 0 0 0 539004 0 6700 2 0 1 0 0 14623487 208282 14831769 14831769 0 0 0 349741 262306 87435 691555 518666 172889 82573 61930 20643 246656 184992 61664 46399 34799 11600 7325 7325 3944 3944 21983 21983 12553644 12553644 34900 26175 8725 373585 280189 93396 23884 17913 5971 2123 2123 23073 17305 5768 PROVISION FOR BAD DEBTS 398774 398774 0 TELEPHONE 47873 35905 11968 SUPPORT FUNDING 37500 37500 0 BANK CHARGES 19475 14606 4869 14965007 14477956 487051 0 745754 3219418 5859112 4242848 183707 229074 188206 144759 139884 127086 2122 12798 6978901 7848897 6731428 8193535 458873 0 7190301 8193535 X 0 0 0 0 -211400 -344638 -211400 -344638 6978901 7848897 -133238 0 X X 0 1 X 1 0 0 0 0 14623487 139884 127086 12798 12798 X 14831769 0 14831769 0 14831769 14965007 0 14965007 0 14965007 PART X, LINE 2: UNDER THE LAWS OF THE BAHAMAS, THERE ARE PRESENTLY NO INCOME, WITHHOLDING OR CAPITAL GAINS TAXES PAYABLE BY THE BOARD. AS OF JANUARY 1, 2015, THE GOVERNMENT OF THE BAHAMAS IMPLEMENTED THE VALUE ADDED TAX ("VAT") SYSTEM AT A RATE OF 7.5%. EFFECTIVE JULY 1, 2018 THE VAT RATE WAS CHANGED TO 12%. VAT IS CHARGED TO THE CONSUMER AT A RATE OF 12% AND ANY VAT COLLECTION IS REMITTED TO THE GOVERNMENT OF THE THE BAHAMAS INLAND REVENUE DEPARTMENT. ANY VAT CHARGES PAID BY THE BOARD CAN BE CLAIMED FROM THE GOVERNMENT OF THE BAHAMAS. IN PRACTICE, THE VAT COLLECTED BY THE BOARD AND CHARGED TO THE BOARD IS NETTED OUT AND FILED ON A MONTHLY BASIS, PAYMENTS ARE MADE QUARTERLY. AS AT DECEMBER 31, 2021, THE NET VAT PAYABLE AMOUNTING TO $1,609,326 (2020: $524,276) IS PRESENTED IN ACCOUNTS PAYABLE AND OTHER LIABILITIES IN THE CONSOLIDATED STATEMENT OF FINANCIAL POSITION. THE BOARD IS CONSIDERED AS A DISREGARDED ENTITY FOR TAX PURPOSES IN THE UNITED STATES OF AMERICA. BAHAMAS 1 3 PROGRAM SERVICES MARKETING AND PROMOTION OF THE BAHAMAS 1 0 0 0 1 0 0 0 0 0 0 0 0 0 0 PART III ACCOUNTING METHOD: 1 X X X 0 0 0 FREDERICK LOUNSBERRY CHIEF EXECUTIVE OFFICER 349741 0 0 0 0 0 0 0 6700 0 356441 0 0 0 GLENN A HADDAD EXECUTIVE DIRECTOR OF PITD 189263 0 0 0 0 0 0 0 0 0 189263 0 0 0 FORM 990, PART VI, SECTION A, LINE 6 THIS ORGANIZATION IS COMPRISED OF 13 MEMBER HOTELS THAT PROVIDE HOTEL LEVIES. FORM 990, PART VI, SECTION A, LINE 7A THE BOARD IS COMPRISED OF MEMBERS THAT ELECT OVERSEE ALL DECISIONS AND REQUIRE A MAJORITY VOTE TO MAKE ANY AND ALL DECISIONS. FORM 990, PART VI, SECTION A, LINE 7B THE BOARD IS COMPRISED OF MEMBERS THAT ELECT OVERSEE ALL DECISIONS AND REQUIRE A MAJORITY VOTE TO MAKE ANY AND ALL DECISIONS. FORM 990, PART VI, SECTION B, LINE 11B A COPY OF THE 990 IS PROVIDED TO THE BOARD FOR REVIEW BEFORE ANY FILINGS ARE MADE. FORM 990, PART VI, SECTION B, LINE 12C MEMBERS ARE REQUIRED TO REVIEW AND SIGN THE CONFLICT OF INTEREST POLICY ANNUALLY. FORM 990, PART VI, SECTION C, LINE 19 THE DOCUMENTS ARE NOT MADE PUBLIC BUT ARE AVAILABLE UPON REQUEST. FORM 990, PART XII, LINE 2C THE ORGANIZATION HAS NOT CHANGED EITHER ITS AUDIT OVERSIGHT PROCESS OR INDEPENDENT AUDITOR SELCTION PROCESS DURING THE TAX YEAR. NASSAU PARADISE ISLAND DESTINATION PROMOTION BOARD LLC 1200 S PINE ISLAND RD STE 700 PLANTATION FL 33324 463878462 FURTHER THE EXEMPT PURPOSE OF THE ORGANIZATION. FL 3219418 NASSAU-PARADISE ISLAND PROMOTION BOARD BAHAMAS HOTEL RESERVATION SERVICE LIMITED HOTELS HOUSE EAST BAY STREET NASSAU BF FURTHER THE EXEMPT PURPOSE OF THE ORGANIZATION. BF NASSAU-PARADISE ISLAND PROMOTION BOARD NASSAU AND PARADISE ISLAND CHARTERS LIMITED HOTELS HOUSE EAST BAY STREET NASSAU BF FURTHER THE EXEMPT PURPOSE OF THE ORGANIZATION. BF NASSAU-PARADISE ISLAND PROMOTION BOARD BAHAMAS ISLAND TOURS LIMITED HOTELS HOUSE EAST BAY STREET NASSAU BF FURTHER THE EXEMPT PURPOSE OF THE ORGANIZATION. BF NASSAU-PARADISE ISLAND PROMOTION BOARD