2016-03-30T14:03:11-05:00 2015-06-30 410746749 CLIFTONLARSONALLEN LLP 500 MARQUETTE NW SUITE 800 ALBUQUERQUE NM 87102 990 2014-07-01 850285280 ALBUQUERQUE CONVENTION & VISITORS BUREAU ALBU 5058481163 20 FIRST PLAZA SUITE 601 ALBUQUERQUE NM 87102 TANIA ARMENTA PRESIDENT/CEO 5058481163 2016-03-16 1 STEPHEN E LIVINGSTON CPA P00317845 5058428290 2014 2016-08-17 19:52:53Z TANIA ARMENTA 20 FIRST PLAZA SUITE 601 ALBUQUERQUE NM 87102 6174633 0 X WWW.VISITALBUQUERQUE.ORG X 1980 NM TO STIMULATE ECONOMIC DEVELOPMENT BY MARKETING ALBUQUERQUE AS A DESTINATION FOR MEETINGS, CONVENTIONS AND LEISURE TRAVEL. 23 23 48 94 126437 -28646 6066529 5732814 456888 441018 9429 29 5362 772 6538208 6174633 0 0 0 0 2783152 2756963 0 0 0 4371216 3396552 7154368 6153515 -616160 21118 1366611 1474035 869194 955500 497417 518535 TO ENCOURAGE, PROMOTE AND STIMULATE CONVENTION, TOURISM AND VISITOR INDUSTRIES. 0 0 3403041 CONVENTION 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. 1906583 TOURISM, 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. 409478 MEMBERSHIP 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. 5719102 0 1 0 0 0 0 0 0 0 1 0 0 0 0 1 1 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 51 0 1 48 1 1 1 0 0 0 1 1 0 X 23 23 1 0 0 0 1 1 0 1 1 0 0 0 1 0 1 1 1 1 0 0 X VALERIE LIND CPA 5058481163 20 FIRST PLAZA ALBUQUERQUE NM 87102 LAURA KESSELMAN DIRECTOR - VOTING (CHAIR) 15.00 X 0 0 0 ALLEN BASSETT DIRECTOR - VOTING 0.30 X 0 0 0 AUGUSTA MEYERS DIRECTOR - VOTING 1.00 X 0 0 0 BOB MURPHY DIRECTOR - VOTING 5.00 X 0 0 0 CHAD HENDERSON DIRECTOR - VOTING 0.30 X 0 0 0 CYNTHIA STANLEY DIRECTOR - VOTING 0.30 X 0 0 0 DAMEN KOMPANOWSKI DIRECTOR - VOTING 5.00 X 0 0 0 DAVID HELGESEN DIRECTOR - VOTING 0.30 X 0 0 0 DON HARRIS DIRECTOR - VOTING 0.30 X 0 0 0 GARY ROMERO DIRECTOR - VOTING 0.30 X 0 0 0 ISAAC BENTON DIRECTOR - VOTING 0.30 X 0 0 0 JESSE HERRON DIRECTOR - VOTING 0.30 X 0 0 0 JIM WALTHER DIRECTOR - VOTING 0.30 X 0 0 0 MICHAEL MCNAIR DIRECTOR - VOTING 0.30 X 0 0 0 MICHELLE DRESSLER DIRECTOR - VOTING 0.30 X 0 0 0 MOLLY RYCKMAN DIRECTOR - VOTING 0.30 X 0 0 0 REGINA CHAVEZ DIRECTOR - VOTING 5.00 X 0 0 0 ROBERT J PERRY DIRECTOR - VOTING 0.30 X 0 0 0 LINDSAY LANDCASTER DIRECTOR - VOTING 0.30 X 0 0 0 TAMI SCOTT DIRECTOR - VOTING 0.30 X 0 0 0 ALEX NUNNALLY DIRECTOR - NON-VOTING 0.30 X 0 0 0 BOB DODSON DIRECTOR - NON VOTING 0.30 X 0 0 0 DIANE SOUDER DIRECTOR - NON-VOTING 0.30 X 0 0 0 JIM HINDE DIRECTOR - NON-VOTING 0.30 X 0 0 0 JOSE GARCIA DIRECTOR - NON-VOTING 0.30 X 0 0 0 PAUL SMITH DIRECTOR - NON-VOTING 0.30 X 0 0 0 STEVE SCHROEDER DIRECTOR - NON-VOTING 0.30 X 0 0 0 SUHEIL KARE DIRECTOR - NON-VOTING 0.30 X 0 0 0 BRUCE MALOTT DIRECTOR - NON-VOTING 0.30 X 0 0 0 JOHN O'HARA DIRECTOR - NON-VOTING 0.30 X 0 0 0 ERIN THOMPSON DIRECTOR - NON-VOTING 0.30 X 0 0 0 DALE LOCKETT PRESIDENT/CEO 40.00 X 177972 0 18020 ELISE ROGERS VP OF DEVELOPMENT 40.00 X 86673 0 12941 ROBERT ENRIQUEZ VP OF CONVENTION SALES 40.00 X 141060 0 13842 TANIA ARMENTA CHIEF MARKETING & OPERATING OFFICER 40.00 X 113041 0 11961 VALERIE LIND VP OF FINANCE & ADMINISTRA 40.00 X 112791 0 7078 631537 0 63842 4 0 1 0 MCKEE WALLWORK CLEVELAND 1030 18TH STREET NW ALBUQUERQUE NM 87104 ADVERTISING 859169 SMG 401 2ND STREET NW ALBUQUERQUE NM 87102 FACILITY RENTAL COSTS 179723 MILES MEDIA PO BOX 116755 ATLANTA GA 30368 WEB DEVELOPMENT, MARKETING , AND HOSTING 165708 US ROLLER SPORTS 4730 SOUTH STREET LINCOLN NE 68506 EVENT SPONSORSHIP 125000 4 383211 5320619 28984 5732814 EVENT HOSTING/PART. 900099 296100 296100 ADVERTISING 541800 126437 126437 OTHER INCOME 900099 13481 13481 STATE OF NM GRANTS 900099 5000 5000 441018 29 29 772 0 772 772 6174633 315353 126437 29 692589 1654630 47167 182551 180026 13785 19360 29947 1331306 130787 245372 91523 16135 1772 95582 29793 MARKETING 1213234 TRAINING AND EDUCATION 82138 RENTAL AND MAINTENANCE 49244 BAD DEBT PROVISION 42373 4201 6153515 561410 633990 288651 288680 71676 159084 2850 2850 188418 240767 1516265 1393299 209899 122966 1315 42392 25698 1366611 1474035 508285 688632 202619 149552 158290 117316 869194 955500 X 497417 518535 497417 518535 1366611 1474035 21118 0 X X 0 1 X 1 0 RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 41574 41574 0 1450785 1327819 122966 23906 23906 0 122966 X 6459550 284917 284917 6174633 0 6174633 6438432 284917 284917 6153515 0 6153515 PART X, LINE 2: THE 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. X X X 0 0 0 DALE LOCKETT PRESIDENT/CEO 149311 0 20561 0 8100 0 9312 0 8708 0 195992 0 0 0 ROBERT ENRIQUEZ VP OF CONVENTION SALES 127377 0 12663 0 1020 0 8010 0 5832 0 154902 0 0 0 FORM 990, PART IV, LINE 28 AS 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 1 EXECUTIVE 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 2 BOARD 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 6 AS 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 7A PURSUANT 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 11 FORM 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 12C ALBUQUERQUE 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 15A THE 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 19 GOVERNING 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.