ALBUQUERQUE CONVENTION & VISITORS BUREAU INC: Form 990, tax year 2014

View the entire original 990 at ProPublica ↗

Organization
ALBUQUERQUE CONVENTION & VISITORS BUREAU INC (EIN 85-0285280)
Tax period
2014-07-01 to 2015-06-30
Filed
2016-03-30
IRS object ID
201630909349300633
Schema version
2014v6.0
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

FieldValueIRS element (for citing)
Return2016-03-30T14:03:11-05:00ReturnTs
Tax Period End2015-06-30TaxPeriodEndDt

Preparer Firm PreparerFirmGrp

FieldValueIRS element (for citing)
Preparer Firm EIN410746749PreparerFirmEIN

Preparer Firm Name PreparerFirmName

FieldValueIRS element (for citing)
Business Name Line1CLIFTONLARSONALLEN LLPBusinessNameLine1Txt

Preparer US Address PreparerUSAddress

FieldValueIRS element (for citing)
Address Line1500 MARQUETTE NW SUITE 800AddressLine1Txt
CityALBUQUERQUECityNm
State AbbreviationNMStateAbbreviationCd
ZIP87102ZIPCd
FieldValueIRS element (for citing)
Return Type990ReturnTypeCd
Tax Period Begin2014-07-01TaxPeriodBeginDt

Filer Filer

FieldValueIRS element (for citing)
EIN850285280EIN

Business Name BusinessName

FieldValueIRS element (for citing)
Business Name Line1ALBUQUERQUE CONVENTION & VISITORS BUREAUBusinessNameLine1Txt
FieldValueIRS element (for citing)
Business Name ControlALBUBusinessNameControlTxt
Phone5058481163PhoneNum

US Address USAddress

FieldValueIRS element (for citing)
Address Line120 FIRST PLAZA SUITE 601AddressLine1Txt
CityALBUQUERQUECityNm
State AbbreviationNMStateAbbreviationCd
ZIP87102ZIPCd

Business Officer BusinessOfficerGrp

FieldValueIRS element (for citing)
PersonTANIA ARMENTAPersonNm
Person TitlePRESIDENT/CEOPersonTitleTxt
Phone5058481163PhoneNum
Signature2016-03-16SignatureDt
Discuss With Paid PreparerYes (1)DiscussWithPaidPreparerInd

Preparer Person PreparerPersonGrp

FieldValueIRS element (for citing)
Preparer PersonSTEPHEN E LIVINGSTON CPAPreparerPersonNm
PTINP00317845PTIN
Phone5058428290PhoneNum
FieldValueIRS element (for citing)
Tax2014TaxYr
Build TS2016-08-17 19:52:53ZBuildTS

Form 990 IRS990

FieldValueIRS element (for citing)
Principal OfficerTANIA ARMENTAPrincipalOfficerNm

US Address USAddress

FieldValueIRS element (for citing)
Address Line120 FIRST PLAZA SUITE 601AddressLine1Txt
CityALBUQUERQUECityNm
State AbbreviationNMStateAbbreviationCd
ZIP87102ZIPCd
FieldValueIRS element (for citing)
Gross Receipts$6,174,633GrossReceiptsAmt
Group Return For Affiliates0GroupReturnForAffiliatesInd
Organization501cYes (X)Organization501cInd
Website AddressWWW.VISITALBUQUERQUE.ORGWebsiteAddressTxt
Type Of Organization CorpYes (X)TypeOfOrganizationCorpInd
Formation1980FormationYr
Legal Domicile StateNMLegalDomicileStateCd
Activity Or MissionTO STIMULATE ECONOMIC DEVELOPMENT BY MARKETING ALBUQUERQUE AS A DESTINATION FOR MEETINGS, CONVENTIONS AND LEISURE TRAVEL.ActivityOrMissionDesc
Voting Members Governing Body23VotingMembersGoverningBodyCnt
Voting Members Independent23VotingMembersIndependentCnt
Total Employee48TotalEmployeeCnt
Total Volunteers94TotalVolunteersCnt
Total Gross UBI$126,437TotalGrossUBIAmt
Net Unrelated Bus Txbl Incm-$28,646NetUnrelatedBusTxblIncmAmt
PY Contributions Grants$6,066,529PYContributionsGrantsAmt
CY Contributions Grants$5,732,814CYContributionsGrantsAmt
PY Program Service Revenue$456,888PYProgramServiceRevenueAmt
CY Program Service Revenue$441,018CYProgramServiceRevenueAmt
PY Investment Income$9,429PYInvestmentIncomeAmt
CY Investment Income$29CYInvestmentIncomeAmt
PY Other Revenue$5,362PYOtherRevenueAmt
CY Other Revenue$772CYOtherRevenueAmt
PY Total Revenue$6,538,208PYTotalRevenueAmt
CY Total Revenue$6,174,633CYTotalRevenueAmt
PY Grants And Similar Paid$0PYGrantsAndSimilarPaidAmt
CY Grants And Similar Paid$0CYGrantsAndSimilarPaidAmt
PY Benefits Paid To Members$0PYBenefitsPaidToMembersAmt
CY Benefits Paid To Members$0CYBenefitsPaidToMembersAmt
PY Salaries Comp Emp Bnft Paid$2,783,152PYSalariesCompEmpBnftPaidAmt
CY Salaries Comp Emp Bnft Paid$2,756,963CYSalariesCompEmpBnftPaidAmt
PY Total Prof Fndrsng Expns$0PYTotalProfFndrsngExpnsAmt
CY Total Prof Fndrsng Expns$0CYTotalProfFndrsngExpnsAmt
CY Total Fundraising Expense$0CYTotalFundraisingExpenseAmt
PY Other Expenses$4,371,216PYOtherExpensesAmt
CY Other Expenses$3,396,552CYOtherExpensesAmt
PY Total Expenses$7,154,368PYTotalExpensesAmt
CY Total Expenses$6,153,515CYTotalExpensesAmt
PY Revenues Less Expenses-$616,160PYRevenuesLessExpensesAmt
CY Revenues Less Expenses$21,118CYRevenuesLessExpensesAmt
Total Assets BOY$1,366,611TotalAssetsBOYAmt
Total Assets EOY$1,474,035TotalAssetsEOYAmt
Total Liabilities BOY$869,194TotalLiabilitiesBOYAmt
Total Liabilities EOY$955,500TotalLiabilitiesEOYAmt
Net Assets Or Fund Balances BOY$497,417NetAssetsOrFundBalancesBOYAmt
Net Assets Or Fund Balances EOY$518,535NetAssetsOrFundBalancesEOYAmt
MissionTO ENCOURAGE, PROMOTE AND STIMULATE CONVENTION, TOURISM AND VISITOR INDUSTRIES.MissionDesc
Significant New Program Srvc0SignificantNewProgramSrvcInd
Significant Change0SignificantChangeInd
Expense$3,403,041ExpenseAmt
DescCONVENTION SALES, SERVICES AND SPORTS: PRIMARY DIRECTIVE TO SELL AND MARKET ALBUQUERQUE AS A DESTINATION BY BRINGING CONVENTIONS AND MEETINGS TO ALBUQUERQUE. INCLUDES SERVICING OF THOSE CONVENTIONS.Desc

Prog Srvc Accom Acty2 ProgSrvcAccomActy2Grp

FieldValueIRS element (for citing)
Expense$1,906,583ExpenseAmt
DescTOURISM, COMMUNICATIONS AND VISITOR SERVICES: PRIMARY DIRECTIVE TO INCREASE TOURISM AND VISITORS TO ALBUQUERQUE. INCLUDES SUPPORTING VISITOR QUESTIONS/INQUIRIES AND FULFILLMENT OF VISITOR GUIDES. ARRANGES MEDIA FAMILIARIZATION TOURS, SITE VISITS AND INFORMATION KITS TO, AGAIN, SELL AND MARKET ALBUQUERQUE AS A DESTINATION.Desc

Prog Srvc Accom Acty3 ProgSrvcAccomActy3Grp

FieldValueIRS element (for citing)
Expense$409,478ExpenseAmt
DescMEMBERSHIP AND DEVELOPMENT DIVISION: SELLS MEMBERSHIPS TO PARTNERS (ALBUQUERQUE BUSINESSES) TOWARD GROWTH/MARKETING OF ALBUQUERQUE AND THE SERVICES/GOODS THE CITY OFFERS. ACVB INCLUDES MARKETING OF THESE BUSINESSES IN OUR VISITOR GUIDE AND ON-LINE, AS WELL AS OTHER MEDIA.Desc
FieldValueIRS element (for citing)
Total Program Service Expenses$5,719,102TotalProgramServiceExpensesAmt
Described In Section501c30DescribedInSection501c3Ind
Schedule B RequiredYes (1)ScheduleBRequiredInd
Political Campaign Acty0PoliticalCampaignActyInd
Subject To Proxy Tax0SubjectToProxyTaxInd
Donor Advised Fund0DonorAdvisedFundInd
Conservation Easements0ConservationEasementsInd
Collections Of Art0CollectionsOfArtInd
Credit Counseling0CreditCounselingInd
Temp Or Permanent Endowments0TempOrPermanentEndowmentsInd
Report Land Building EquipmentYes (1)ReportLandBuildingEquipmentInd
Report Investments Other Sec0ReportInvestmentsOtherSecInd
Report Program Related Invst0ReportProgramRelatedInvstInd
Report Other Assets0ReportOtherAssetsInd
Report Other Liabilities0ReportOtherLiabilitiesInd
Include FIN48 FootnoteYes (1)IncludeFIN48FootnoteInd
Independent Audit Fincl StmtYes (1)IndependentAuditFinclStmtInd
Consolidated Audit Fincl Stmt0ConsolidatedAuditFinclStmtInd
School Operating0SchoolOperatingInd
Foreign Office0ForeignOfficeInd
Foreign Activities0ForeignActivitiesInd
More Than5000 K To Org0MoreThan5000KToOrgInd
More Than5000 K To Individuals0MoreThan5000KToIndividualsInd
Professional Fundraising0ProfessionalFundraisingInd
Fundraising Activities0FundraisingActivitiesInd
Gaming Activities0GamingActivitiesInd
Operate Hospital0OperateHospitalInd
Grants To Organizations0GrantsToOrganizationsInd
Grants To Individuals0GrantsToIndividualsInd
Schedule J RequiredYes (1)ScheduleJRequiredInd
Tax Exempt Bonds0TaxExemptBondsInd
Loan Outstanding0LoanOutstandingInd
Grant To Related Person0GrantToRelatedPersonInd
Business Rln With Org Mem0BusinessRlnWithOrgMemInd
Business Rln With Fam Mem0BusinessRlnWithFamMemInd
Business Rln With Officer Ent0BusinessRlnWithOfficerEntInd
Deductible Non Cash Contri0DeductibleNonCashContriInd
Deductible Art Contribution0DeductibleArtContributionInd
Terminate Operations0TerminateOperationsInd
Partial Liquidation0PartialLiquidationInd
Disregarded Entity0DisregardedEntityInd
Related Entity0RelatedEntityInd
Related Organization Ctrl Ent0RelatedOrganizationCtrlEntInd
Activities Conducted Prtshp0ActivitiesConductedPrtshpInd
Schedule O RequiredYes (1)ScheduleORequiredInd
IRP Document51IRPDocumentCnt
IRP Document W2 G0IRPDocumentW2GCnt
Backup Wthld ComplianceYes (1)BackupWthldComplianceInd
Employee48EmployeeCnt
Employment Tax Returns FiledYes (1)EmploymentTaxReturnsFiledInd
Unrelated Bus Incm Over LimitYes (1)UnrelatedBusIncmOverLimitInd
Form990 T FiledYes (1)Form990TFiledInd
Foreign Financial Account0ForeignFinancialAccountInd
Prohibited Tax Shelter Trans0ProhibitedTaxShelterTransInd
Taxable Party Notification0TaxablePartyNotificationInd
Nondeductible ContributionsYes (1)NondeductibleContributionsInd
Nondeductible Contri DisclYes (1)NondeductibleContriDisclInd
Indoor Tanning Services0IndoorTanningServicesInd
Info In Schedule O Part VIYes (X)InfoInScheduleOPartVIInd
Governing Body Voting Members23GoverningBodyVotingMembersCnt
Independent Voting Member23IndependentVotingMemberCnt
Family Or Business RlnYes (1)FamilyOrBusinessRlnInd
Delegation Of Mgmt Duties0DelegationOfMgmtDutiesInd
Change To Org Documents0ChangeToOrgDocumentsInd
Material Diversion Or Misuse0MaterialDiversionOrMisuseInd
Members Or StockholdersYes (1)MembersOrStockholdersInd
Election Of Board MembersYes (1)ElectionOfBoardMembersInd
Decisions Subject To Approva0DecisionsSubjectToApprovaInd
Minutes Of Governing BodyYes (1)MinutesOfGoverningBodyInd
Minutes Of CommitteesYes (1)MinutesOfCommitteesInd
Officer Mailing Address0OfficerMailingAddressInd
Local Chapters0LocalChaptersInd
Form990 Provided To Gvrn Body0Form990ProvidedToGvrnBodyInd
Conflict Of Interest PolicyYes (1)ConflictOfInterestPolicyInd
Annual Disclosure Covered Prsn0AnnualDisclosureCoveredPrsnInd
Regular Monitoring EnfrcYes (1)RegularMonitoringEnfrcInd
Whistleblower PolicyYes (1)WhistleblowerPolicyInd
Document Retention PolicyYes (1)DocumentRetentionPolicyInd
Compensation Process CEOYes (1)CompensationProcessCEOInd
Compensation Process Other0CompensationProcessOtherInd
Investment In Joint Venture0InvestmentInJointVentureInd
Upon RequestYes (X)UponRequestInd

Books In Care Of Detail BooksInCareOfDetail

Business Name BusinessName

FieldValueIRS element (for citing)
Business Name Line1VALERIE LIND CPABusinessNameLine1Txt
FieldValueIRS element (for citing)
Phone5058481163PhoneNum

US Address USAddress

FieldValueIRS element (for citing)
Address Line120 FIRST PLAZAAddressLine1Txt
CityALBUQUERQUECityNm
State AbbreviationNMStateAbbreviationCd
ZIP87102ZIPCd

Form990 Part VII Section A Form990PartVIISectionAGrp (36 entries)

TitleTitleTxtAverage Hours Per WeekAverageHoursPerWeekRtIndividual Trustee Or DirectorIndividualTrusteeOrDirectorIndReportable Comp From OrgReportableCompFromOrgAmtReportable Comp From Rltd OrgReportableCompFromRltdOrgAmtOther CompensationOtherCompensationAmtOfficerOfficerInd
LAURA KESSELMAN
DIRECTOR - VOTING (CHAIR)15.00Yes (X)$0$0$0
ALLEN BASSETT
DIRECTOR - VOTING0.30Yes (X)$0$0$0
AUGUSTA MEYERS
DIRECTOR - VOTING1.00Yes (X)$0$0$0
BOB MURPHY
DIRECTOR - VOTING5.00Yes (X)$0$0$0
CHAD HENDERSON
DIRECTOR - VOTING0.30Yes (X)$0$0$0
CYNTHIA STANLEY
DIRECTOR - VOTING0.30Yes (X)$0$0$0
DAMEN KOMPANOWSKI
DIRECTOR - VOTING5.00Yes (X)$0$0$0
DAVID HELGESEN
DIRECTOR - VOTING0.30Yes (X)$0$0$0
DON HARRIS
DIRECTOR - VOTING0.30Yes (X)$0$0$0
GARY ROMERO
DIRECTOR - VOTING0.30Yes (X)$0$0$0
ISAAC BENTON
DIRECTOR - VOTING0.30Yes (X)$0$0$0
JESSE HERRON
DIRECTOR - VOTING0.30Yes (X)$0$0$0
JIM WALTHER
DIRECTOR - VOTING0.30Yes (X)$0$0$0
MICHAEL MCNAIR
DIRECTOR - VOTING0.30Yes (X)$0$0$0
MICHELLE DRESSLER
DIRECTOR - VOTING0.30Yes (X)$0$0$0
MOLLY RYCKMAN
DIRECTOR - VOTING0.30Yes (X)$0$0$0
REGINA CHAVEZ
DIRECTOR - VOTING5.00Yes (X)$0$0$0
ROBERT J PERRY
DIRECTOR - VOTING0.30Yes (X)$0$0$0
LINDSAY LANDCASTER
DIRECTOR - VOTING0.30Yes (X)$0$0$0
TAMI SCOTT
DIRECTOR - VOTING0.30Yes (X)$0$0$0
ALEX NUNNALLY
DIRECTOR - NON-VOTING0.30Yes (X)$0$0$0
BOB DODSON
DIRECTOR - NON VOTING0.30Yes (X)$0$0$0
DIANE SOUDER
DIRECTOR - NON-VOTING0.30Yes (X)$0$0$0
JIM HINDE
DIRECTOR - NON-VOTING0.30Yes (X)$0$0$0
JOSE GARCIA
DIRECTOR - NON-VOTING0.30Yes (X)$0$0$0
PAUL SMITH
DIRECTOR - NON-VOTING0.30Yes (X)$0$0$0
STEVE SCHROEDER
DIRECTOR - NON-VOTING0.30Yes (X)$0$0$0
SUHEIL KARE
DIRECTOR - NON-VOTING0.30Yes (X)$0$0$0
BRUCE MALOTT
DIRECTOR - NON-VOTING0.30Yes (X)$0$0$0
JOHN O'HARA
DIRECTOR - NON-VOTING0.30Yes (X)$0$0$0
ERIN THOMPSON
DIRECTOR - NON-VOTING0.30Yes (X)$0$0$0
DALE LOCKETT
PRESIDENT/CEO40.00$177,972$0$18,020Yes (X)
ELISE ROGERS
VP OF DEVELOPMENT40.00$86,673$0$12,941Yes (X)
ROBERT ENRIQUEZ
VP OF CONVENTION SALES40.00$141,060$0$13,842Yes (X)
TANIA ARMENTA
CHIEF MARKETING & OPERATING OFFICER40.00$113,041$0$11,961Yes (X)
VALERIE LIND
VP OF FINANCE & ADMINISTRA40.00$112,791$0$7,078Yes (X)
FieldValueIRS element (for citing)
Total Reportable Comp From Org$631,537TotalReportableCompFromOrgAmt
Tot Reportable Comp Rltd Org$0TotReportableCompRltdOrgAmt
Total Other Compensation$63,842TotalOtherCompensationAmt
Indiv Rcvd Greater Than100 K4IndivRcvdGreaterThan100KCnt
Former Ofcr Employees Listed0FormerOfcrEmployeesListedInd
Total Comp Greater Than150 KYes (1)TotalCompGreaterThan150KInd
Compensation From Other Srcs0CompensationFromOtherSrcsInd

Contractor Compensation ContractorCompensationGrp (4 entries)

Address Line1ContractorAddress/USAddress/AddressLine1TxtCityContractorAddress/USAddress/CityNmState AbbreviationContractorAddress/USAddress/StateAbbreviationCdZIPContractorAddress/USAddress/ZIPCdServicesServicesDescCompensationCompensationAmt
MCKEE WALLWORK CLEVELAND
1030 18TH STREET NWALBUQUERQUENM87104ADVERTISING$859,169
SMG
401 2ND STREET NWALBUQUERQUENM87102FACILITY RENTAL COSTS$179,723
MILES MEDIA
PO BOX 116755ATLANTAGA30368WEB DEVELOPMENT, MARKETING , AND HOSTING$165,708
US ROLLER SPORTS
4730 SOUTH STREETLINCOLNNE68506EVENT SPONSORSHIP$125,000
FieldValueIRS element (for citing)
Cntrct Rcvd Greater Than100 K4CntrctRcvdGreaterThan100KCnt
Membership Dues$383,211MembershipDuesAmt
Government Grants$5,320,619GovernmentGrantsAmt
All Other Contributions$28,984AllOtherContributionsAmt
Total Contributions$5,732,814TotalContributionsAmt

Program Service Revenue ProgramServiceRevenueGrp (4 entries)

DescDescBusinessBusinessCdTotal Revenue ColumnTotalRevenueColumnAmtRelated Or Exempt Func IncomeRelatedOrExemptFuncIncomeAmtUnrelated Business RevenueUnrelatedBusinessRevenueAmt
EVENT HOSTING/PART.900099$296,100$296,100
ADVERTISING541800$126,437$126,437
OTHER INCOME900099$13,481$13,481
STATE OF NM GRANTS900099$5,000$5,000
FieldValueIRS element (for citing)
Total Program Service Revenue$441,018TotalProgramServiceRevenueAmt

Investment Income InvestmentIncomeGrp

FieldValueIRS element (for citing)
Total Revenue Column$29TotalRevenueColumnAmt
Exclusion$29ExclusionAmt
FieldValueIRS element (for citing)
Gross Sales Of Inventory$772GrossSalesOfInventoryAmt
Cost Of Goods Sold$0CostOfGoodsSoldAmt

Net Income Or Loss NetIncomeOrLossGrp

FieldValueIRS element (for citing)
Total Revenue Column$772TotalRevenueColumnAmt
Related Or Exempt Func Income$772RelatedOrExemptFuncIncomeAmt

Total Revenue TotalRevenueGrp

FieldValueIRS element (for citing)
Total Revenue Column$6,174,633TotalRevenueColumnAmt
Related Or Exempt Func Income$315,353RelatedOrExemptFuncIncomeAmt
Unrelated Business Revenue$126,437UnrelatedBusinessRevenueAmt
Exclusion$29ExclusionAmt

Comp Current Ofcr Directors CompCurrentOfcrDirectorsGrp

FieldValueIRS element (for citing)
Total$692,589TotalAmt

Other Salaries And Wages OtherSalariesAndWagesGrp

FieldValueIRS element (for citing)
Total$1,654,630TotalAmt

Pension Plan Contributions PensionPlanContributionsGrp

FieldValueIRS element (for citing)
Total$47,167TotalAmt

Other Employee Benefits OtherEmployeeBenefitsGrp

FieldValueIRS element (for citing)
Total$182,551TotalAmt

Payroll Taxes PayrollTaxesGrp

FieldValueIRS element (for citing)
Total$180,026TotalAmt

Fees For Services Legal FeesForServicesLegalGrp

FieldValueIRS element (for citing)
Total$13,785TotalAmt

Fees For Services Accounting FeesForServicesAccountingGrp

FieldValueIRS element (for citing)
Total$19,360TotalAmt

Fees For Services Other FeesForServicesOtherGrp

FieldValueIRS element (for citing)
Total$29,947TotalAmt

Advertising AdvertisingGrp

FieldValueIRS element (for citing)
Total$1,331,306TotalAmt

Office Expenses OfficeExpensesGrp

FieldValueIRS element (for citing)
Total$130,787TotalAmt

Occupancy OccupancyGrp

FieldValueIRS element (for citing)
Total$245,372TotalAmt

Travel TravelGrp

FieldValueIRS element (for citing)
Total$91,523TotalAmt

Conferences Meetings ConferencesMeetingsGrp

FieldValueIRS element (for citing)
Total$16,135TotalAmt

Interest InterestGrp

FieldValueIRS element (for citing)
Total$1,772TotalAmt

Depreciation Depletion DepreciationDepletionGrp

FieldValueIRS element (for citing)
Total$95,582TotalAmt

Insurance InsuranceGrp

FieldValueIRS element (for citing)
Total$29,793TotalAmt

Other Expenses OtherExpensesGrp (4 entries)

DescDescTotalTotalAmt
MARKETING$1,213,234
TRAINING AND EDUCATION$82,138
RENTAL AND MAINTENANCE$49,244
BAD DEBT PROVISION$42,373

All Other Expenses AllOtherExpensesGrp

FieldValueIRS element (for citing)
Total$4,201TotalAmt

Total Functional Expenses TotalFunctionalExpensesGrp

FieldValueIRS element (for citing)
Total$6,153,515TotalAmt

Cash Non Interest Bearing CashNonInterestBearingGrp

FieldValueIRS element (for citing)
BOY$561,410BOYAmt
EOY$633,990EOYAmt

Savings And Temp Cash Invst SavingsAndTempCashInvstGrp

FieldValueIRS element (for citing)
BOY$288,651BOYAmt
EOY$288,680EOYAmt

Accounts Receivable AccountsReceivableGrp

FieldValueIRS element (for citing)
BOY$71,676BOYAmt
EOY$159,084EOYAmt

Inventories For Sale Or Use InventoriesForSaleOrUseGrp

FieldValueIRS element (for citing)
BOY$2,850BOYAmt
EOY$2,850EOYAmt

Prepaid Expenses Defrd Charges PrepaidExpensesDefrdChargesGrp

FieldValueIRS element (for citing)
BOY$188,418BOYAmt
EOY$240,767EOYAmt
FieldValueIRS element (for citing)
Land Bldg Equip Cost Or Other Bss$1,516,265LandBldgEquipCostOrOtherBssAmt
Land Bldg Equip Accum Deprec$1,393,299LandBldgEquipAccumDeprecAmt

Land Bldg Equip Basis Net LandBldgEquipBasisNetGrp

FieldValueIRS element (for citing)
BOY$209,899BOYAmt
EOY$122,966EOYAmt

Intangible Assets IntangibleAssetsGrp

FieldValueIRS element (for citing)
BOY$1,315BOYAmt

Other Assets Total OtherAssetsTotalGrp

FieldValueIRS element (for citing)
BOY$42,392BOYAmt
EOY$25,698EOYAmt

Total Assets TotalAssetsGrp

FieldValueIRS element (for citing)
BOY$1,366,611BOYAmt
EOY$1,474,035EOYAmt

Accounts Payable Accr Expnss AccountsPayableAccrExpnssGrp

FieldValueIRS element (for citing)
BOY$508,285BOYAmt
EOY$688,632EOYAmt

Deferred Revenue DeferredRevenueGrp

FieldValueIRS element (for citing)
BOY$202,619BOYAmt
EOY$149,552EOYAmt

Mortg Notes Pybl Scrd Invst Prop MortgNotesPyblScrdInvstPropGrp

FieldValueIRS element (for citing)
BOY$158,290BOYAmt
EOY$117,316EOYAmt

Total Liabilities TotalLiabilitiesGrp

FieldValueIRS element (for citing)
BOY$869,194BOYAmt
EOY$955,500EOYAmt
FieldValueIRS element (for citing)
Organization Follows SFAS117Yes (X)OrganizationFollowsSFAS117Ind

Unrestricted Net Assets UnrestrictedNetAssetsGrp

FieldValueIRS element (for citing)
BOY$497,417BOYAmt
EOY$518,535EOYAmt

Total Net Assets Fund Balance TotalNetAssetsFundBalanceGrp

FieldValueIRS element (for citing)
BOY$497,417BOYAmt
EOY$518,535EOYAmt

Tot Liab Net Assets Fund Balance TotLiabNetAssetsFundBalanceGrp

FieldValueIRS element (for citing)
BOY$1,366,611BOYAmt
EOY$1,474,035EOYAmt
FieldValueIRS element (for citing)
Reconcilation Revenue Expnss$21,118ReconcilationRevenueExpnssAmt
Other Changes In Net Assets$0OtherChangesInNetAssetsAmt
Info In Schedule O Part XIIYes (X)InfoInScheduleOPartXIIInd
Method Of Accounting AccrualYes (X)MethodOfAccountingAccrualInd
Accountant Compile Or Review0AccountantCompileOrReviewInd
FS AuditedYes (1)FSAuditedInd

FS Audited Basis FSAuditedBasisGrp

FieldValueIRS element (for citing)
Separate Basis Fincl StmtYes (X)SeparateBasisFinclStmtInd
FieldValueIRS element (for citing)
Audit CommitteeYes (1)AuditCommitteeInd
Federal Grant Audit Required0FederalGrantAuditRequiredInd

Schedule B IRS990ScheduleB

Contributor Information ContributorInformationGrp

FieldValueIRS element (for citing)
ContributorRESTRICTEDContributorNum

Contributor Business Name ContributorBusinessName

FieldValueIRS element (for citing)
Business Name Line1RESTRICTEDBusinessNameLine1

Contributor US Address ContributorUSAddress

FieldValueIRS element (for citing)
Address Line1RESTRICTEDAddressLine1
Address Line2RESTRICTEDAddressLine2
CityRESTRICTEDCity
StateRESTRICTEDState
ZIP CodeRESTRICTEDZIPCode
FieldValueIRS element (for citing)
Total ContributionsRESTRICTEDTotalContributionsAmt

Schedule D IRS990ScheduleD

Leasehold Improvements LeaseholdImprovementsGrp

FieldValueIRS element (for citing)
Other Cost Or Other Basis$41,574OtherCostOrOtherBasisAmt
Depreciation$41,574DepreciationAmt
Book Value$0BookValueAmt

Equipment EquipmentGrp

FieldValueIRS element (for citing)
Other Cost Or Other Basis$1,450,785OtherCostOrOtherBasisAmt
Depreciation$1,327,819DepreciationAmt
Book Value$122,966BookValueAmt

Other Land Buildings OtherLandBuildingsGrp

FieldValueIRS element (for citing)
Other Cost Or Other Basis$23,906OtherCostOrOtherBasisAmt
Depreciation$23,906DepreciationAmt
Book Value$0BookValueAmt
FieldValueIRS element (for citing)
Total Book Value Land Buildings$122,966TotalBookValueLandBuildingsAmt
Footnote TextYes (X)FootnoteTextInd
Total Rev Etc Audited Fincl Stmt$6,459,550TotalRevEtcAuditedFinclStmtAmt
Donated Services And Use Fclts$284,917DonatedServicesAndUseFcltsAmt
Revenue Not Reported$284,917RevenueNotReportedAmt
Revenue Subtotal$6,174,633RevenueSubtotalAmt
Revenue Not Reported Fincl Stmt$0RevenueNotReportedFinclStmtAmt
Total Revenue Per Form990$6,174,633TotalRevenuePerForm990Amt
Tot Expns Etc Audited Fincl Stmt$6,438,432TotExpnsEtcAuditedFinclStmtAmt
Donated Services Use Fclts$284,917DonatedServicesUseFcltsAmt
Expenses Not Reported$284,917ExpensesNotReportedAmt
Expenses Subtotal$6,153,515ExpensesSubtotalAmt
Expenses Not Rpt Fincl Stmt$0ExpensesNotRptFinclStmtAmt
Total Expenses Per Form990$6,153,515TotalExpensesPerForm990Amt

Supplemental Information Detail SupplementalInformationDetail

FieldValueIRS element (for citing)
Form And Line ReferencePART X, LINE 2:FormAndLineReferenceDesc
ExplanationTHE ORGANIZATION'S INCOME TAX FOOTNOTE CONTAINS A DESCRIPTION OF THE REQUIREMENTS OF FIN 48. IT THEN CONTAINS THE FOLLOWING TEXT: AS OF JUNE 30, 2015, ACVB PERFORMED A COMPREHENSIVE REVIEW OF ITS MATERIAL TAX POSITIONS IN ACCORDANCE WITH RECOGNITION AND MEASUREMENT STANDARDS ESTABLISHED BY GAAP. AS A RESULT OF THIS REVIEW, ACVB QUALIFIED AS A TAX EXEMPT ORGANIZATION UNDER SECTION 501(C)(6) OF THE IRC AND HAD NO UNREPORTED INCOME DERIVED FROM UNRELATED BUSINESS ACTIVITIES AND DID NOT IDENTIFY ANY ENTITY LEVEL TAX POSITIONS THAT WOULD NOT MEET THE MORE-LIKELY-THAN-NOT THRESHOLD.ExplanationTxt

Schedule J IRS990ScheduleJ

FieldValueIRS element (for citing)
Compensation CommitteeYes (X)CompensationCommitteeInd
Compensation SurveyYes (X)CompensationSurveyInd
Board Or Committee ApprovalYes (X)BoardOrCommitteeApprovalInd
Severance Payment0SeverancePaymentInd
Supplemental Nonqual Rtr Plan0SupplementalNonqualRtrPlanInd
Equity Based Comp Arrngm0EquityBasedCompArrngmInd

Rltd Org Officer Trst Key Empl RltdOrgOfficerTrstKeyEmplGrp (2 entries)

TitleTitleTxtBase Compensation Filing OrgBaseCompensationFilingOrgAmtCompensation Based On Rltd OrgsCompensationBasedOnRltdOrgsAmtBonus Filing OrganizationBonusFilingOrganizationAmountBonus Related OrganizationsBonusRelatedOrganizationsAmtOther Compensation Filing OrgOtherCompensationFilingOrgAmtOther Compensation Rltd OrgsOtherCompensationRltdOrgsAmtDeferred Compensation Flng OrgDeferredCompensationFlngOrgAmtDeferred Comp Rltd OrgsDeferredCompRltdOrgsAmtNontaxable Benefits Filing OrgNontaxableBenefitsFilingOrgAmtNontaxable Benefits Rltd OrgsNontaxableBenefitsRltdOrgsAmtTotal Compensation Filing OrgTotalCompensationFilingOrgAmtTotal Compensation Rltd OrgsTotalCompensationRltdOrgsAmtComp Report Prior990 Filing OrgCompReportPrior990FilingOrgAmtComp Report Prior990 Rltd OrgsCompReportPrior990RltdOrgsAmt
DALE LOCKETT
PRESIDENT/CEO$149,311$0$20,561$0$8,100$0$9,312$0$8,708$0$195,992$0$0$0
ROBERT ENRIQUEZ
VP OF CONVENTION SALES$127,377$0$12,663$0$1,020$0$8,010$0$5,832$0$154,902$0$0$0

Schedule O IRS990ScheduleO

Supplemental Information Detail SupplementalInformationDetail (10 entries)

Form And Line ReferenceFormAndLineReferenceDescExplanationExplanationTxt
FORM 990, PART IV, LINE 28AS A 501(C)(6) TRADE ASSOCIATION, ACVB IS COMPRISED OF MEMBERS OF THE HOSPITALITY INDUSTRY (HOTELS, RESTAURANTS, ATTRACTIONS, RETAIL) AND OTHER RELATED BUSINESS AND ECONOMIC INDUSTRIES (BANKS, INSURANCE FIRMS, REALTORS, ETC). BOARD DIRECTORS ARE ELECTED FROM THE MEMBERSHIP. DIRECTORS ARE REQUIRED TO BE IN KEY DECISION-MAKING POSITIONS OF THEIR COMPANIES (E.G. OWNER, GENERAL MANAGER, CEO, ETC.) AS SUCH, ACVB IS FREQUENTLY IN THE POSITION TO PROCURE GOODS AND SERVICES FROM DIRECTORS WHOSE BUSINESSES ARE DIRECTLY RELATED TO THE PURPOSE AND MISSION OF ACVB. THESE TRANSACTIONS ARE CONDUCTED AT ARMS-LENGTH AND PROPERLY DOCUMENTED.
FORM 990, PART VI, SECTION A, LINE 1EXECUTIVE COMMITTEE - CONSISTS OF THE CHAIR, CHAIR-ELECT, IMMDEIATE PAST CHAIR, SECRETARY/TREASURER, DIRECTOR APPOINTED BY MAYOR OF THE CITY OF ALBUQUERQUE, 2 DIRECTORS APPOINTED BY THE PRESIDENT OF CITY COUNCIL, 3 DIRECTORS SELECTED BY THE CHAIR AND THE PRESIDENT OF ACVB. ALL OF THESE MEMBERS ARE ON THE GOVERNING BODY AND POSSESS ALL POWERS OF THE BOARD EXCEPT TO AMEND THE BYLAWS. ALL ACTION TAKEN BY THE COMMITTEE MUST BE REPORTED TO THE FULL BOARD.
FORM 990, PART VI, SECTION A, LINE 2BOARD DIRECTORS ARE ENGAGED IN BUSINESSES RELATED TO AND COMPATIBLE WITH THE HOSPITALITY INDUSTRY. AS SUCH THEY ARE FREQUENTLY IN THE POSITION TO PROCURE GOODS AND SERVICES FROM EACH OTHER IN THE DAILY OPERATION OF THEIR BUSINESSES.
FORM 990, PART VI, SECTION A, LINE 6AS A 501(C)(6) TRADE ASSOCIATION, ALBUQUERQUE CONVENTION & VISITORS BUREAU IS COMPRISED OF MEMBERS, NO CLASSES - JUST A SIMPLE MAJORITY VOTE IS NEEDED.
FORM 990, PART VI, SECTION A, LINE 7APURSUANT TO ALBUQUERQUE CONVENTION & VISITORS BUREAU'S BY-LAWS, VOTING DIRECTORS OF THE BOARD ARE ELECTED BY AND FROM THE MEMBERSHIP. IN ADDITION TO THE DIRECTORS ELECTED BY THE MEMBERS, CERTAIN DIRECTORS SERVE AS EX OFFICIO DIRECTORS BY APPOINTMENT FROM VARIOUS ENTITIES, INCLUDING MUNICIPALITY AND RELATED ASSOCIATIONS.
FORM 990, PART VI, SECTION B, LINE 11FORM 990 WAS PROVIDED TO THE AUDIT/FINANCE COMMITTEE OF THE BOARD OF DIRECTORS FOR ITS REVIEW. THE AUDIT/FINANCE COMMITTEE REPORTED TO THE BOARD OF DIRECTORS THAT THEY HAD REVIEWED THE 990. THIS IS A STANDING COMMITTEE RESPONSIBLE FOR OVERSIGHT OF AUDIT AND FISCAL ACTIVITIES OF THE ORGANIZATION.
FORM 990, PART VI, SECTION B, LINE 12CALBUQUERQUE CONVENTION & VISITORS BUREAU'S BY-LAWS INCLUDE A CONFLICT OF INTEREST STATEMENT. IN ADDITION, A CONFLICT OF INTEREST POLICY IS IN PLACE WHICH INCLUDES A REQUIREMENT OF RECUSAL FROM DISCUSSION AND VOTING IF A MATTER BEFORE THE BOARD HAS POTENTIALLY SIGNIFICANT IMPACT ON A DIRECTOR'S BUSINESS OPERATIONS. THIS POLICY IS REVIEWED AT LEAST ANNUALLY AND IS A PART OF A FORMAL BOARD ORIENTATION PROCESS FOR NEW MEMBERS. IN ADDITION, THE BOARD'S ATTORNEY IS PRESENT AT EXECUTIVE COMMITTEE AND BOARD MEETINGS TO OBSERVE THE PROCEEDINGS AND REMIND DIRECTORS OF THE POLICY WHEN NECESSARY.
FORM 990, PART VI, SECTION B, LINE 15ATHE CEO IS REVIEWED BY THE BOARD'S COMPENSATION COMMITTEE AND HIS SALARY IS APPROVED BY THEM - INDICATED BY SIGNATURE OF THE BOARD CHAIR ON INTERNAL PAYROLL FORMS. INDUSTRY GUIDELINES ARE REGULARLY PUBLISHED BASED ON COMPENSATION AND BENEFIT SURVEYS INDICATING AVERAGE SALARY AND BENEFITS FOR CEO'S (AND OTHER STAFF) BASED ON NUMEROUS VARIABLES INCLUDING TYPE OF ENTITY, SIZE OF BUDGET, SIZE OF STAFF, ETC. THESE SURVEYS AS WELL AS SURVEYS CONDUCTED IN THE LOCAL MARKET PLACE WHICH INCLUDES INFORMATION FROM GOVERNMENT, NONPROFIT AND INDUSTRY BUSINESSES ARE REVIEWED AND CONSIDERED BY THE COMPENSATION COMMITTEE WHEN SETTING THE CEO'S COMPENSATION. AVERAGE PERCENT OF SALARY INCREASE AVAILABLE TO STAFF BASED ON MERIT IS ALSO A FACTOR IN DETERMINING ANNUAL RAISES. THE OTHER OFFICERS OR KEY EMPLOYEES ARE REVIEWED BY THEIR DESIGNATED MANAGER AND THE PROPOSED SALARIES ARE APPROVED BY THE CEO/PRESIDENT - INDICATED BY A SIGNATURE ON INTERNAL PAYROLL FORMS. INDUSTRY GUIDELINES ARE REGULARLY PUBLISHED BASED ON COMPENSATION AND BENEFIT SURVEYS INDICATING AVERAGE SALARY AND BENEFITS FOR STAFF BASED ON NUMEROUS VARIABLES INCLUDING TYPE OF ENTITY, SIZE OF BUDGET, SIZE OF STAFF, ETC. THESE SURVEYS AS WELL AS SURVEYS CONDUCTED IN THE LOCAL MARKET PLACE WHICH INCLUDE INFORMATION FROM GOVERNMENT. NONPROFIT AND INDUSTRY BUSINESSES ARE REVIEWED AND CONSIDERED BY THE MANAGER(S) AND CEO WHEN SETTING THE COMPENSATION.
FORM 990, PART VI, SECTION C, LINE 19GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY AND FINANCIAL STATEMENTS ARE AVAILABLE FOR PUBLIC INSPECTION BY REQUEST. THE VP OF FINANCE/ADMINISTRATION MAINTAINS THESE DOCUMENTS, REVIEWS AND RESPONDS TO REQUESTS. IN ADDITION, AUDITED FINANCIAL STATEMENTS ARE POSTED ON ORGANIZATION'S WEBSITE.
FORM 990, PART XI, LINE 2C:AUDIT AND FINANCE COMMITTEE: THERE WAS NO CHANGE IN EITHER THE AUDIT OVERSIGHT OR SELECTION PROCESS DURING THE TAXABLE YEAR.

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