ALBUQUERQUE CONVENTION & VISITORS BUREAU INC: Form 990, tax year 2013
View the entire original 990 at ProPublica ↗
- Organization
- ALBUQUERQUE CONVENTION & VISITORS BUREAU INC (EIN 85-0285280)
- Tax period
- 2013-07-01 to 2014-06-30
- Filed
- 2015-01-15
- IRS object ID
- 201530159349301478
- Schema version
- 2013v4.0
- 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 | 2015-01-15T18:10:34-06:00 | ReturnTs |
| Tax Period End | 2014-06-30 | TaxPeriodEndDt |
Preparer Firm PreparerFirmGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Firm EIN | 410746749 | PreparerFirmEIN |
Preparer Firm Name PreparerFirmName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | CLIFTONLARSONALLEN LLP | BusinessNameLine1 |
Preparer US Address PreparerUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 500 MARQUETTE NW SUITE 800 | AddressLine1 |
| City | ALBUQUERQUE | City |
| State | NM | State |
| ZIP Code | 87102 | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return Type | 990 | ReturnTypeCd |
| Tax Period Begin | 2013-07-01 | TaxPeriodBeginDt |
Filer Filer
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 850285280 | EIN |
Business Name BusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | ALBUQUERQUE CONVENTION & VISITORS BUREAU | BusinessNameLine1 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Control | ALBU | BusinessNameControlTxt |
| Phone | 5058481163 | PhoneNum |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 20 FIRST PLAZA SUITE 601 | AddressLine1 |
| City | ALBUQUERQUE | City |
| State | NM | State |
| ZIP Code | 87102 | ZIPCode |
Business Officer BusinessOfficerGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person | DALE LOCKETT | PersonNm |
| Person Title | PRESIDENT/CEO | PersonTitleTxt |
| Phone | 5058481163 | PhoneNum |
| Signature | 2014-11-17 | SignatureDt |
| Discuss With Paid Preparer | Yes (1) | DiscussWithPaidPreparerInd |
Preparer Person PreparerPersonGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Person | STEPHEN E LIVINGSTON CPA | PreparerPersonNm |
| PTIN | P00317845 | PTIN |
| Phone | 5058428290 | PhoneNum |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tax | 2013 | TaxYr |
| Build TS | 2016-02-25 16:41:14Z | BuildTS |
Form 990 IRS990
| Field | Value | IRS element (for citing) |
|---|---|---|
| Principal Officer | DALE LOCKETT | PrincipalOfficerNm |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 20 FIRST PLAZA SUITE 601 | AddressLine1 |
| City | ALBUQUERQUE | City |
| State | NM | State |
| ZIP Code | 87102 | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Gross Receipts | $6,538,208 | GrossReceiptsAmt |
| Group Return For Affiliates | 0 | GroupReturnForAffiliatesInd |
| Organization501c | Yes (X) | Organization501cInd |
| Website Address | WWW.ITSATRIP.ORG | WebsiteAddressTxt |
| Type Of Organization Corp | Yes (X) | TypeOfOrganizationCorpInd |
| Formation | 1980 | FormationYr |
| Legal Domicile State | NM | LegalDomicileStateCd |
| Activity Or Mission | TO STIMULATE ECONOMIC DEVELOPMENT BY MARKETING ALBUQUERQUE AS A DESTINATION FOR MEETINGS, CONVENTIONS AND LEISURE TRAVEL. | ActivityOrMissionDesc |
| Voting Members Governing Body | 22 | VotingMembersGoverningBodyCnt |
| Voting Members Independent | 22 | VotingMembersIndependentCnt |
| Total Employee | 48 | TotalEmployeeCnt |
| Total Volunteers | 92 | TotalVolunteersCnt |
| Total Gross UBI | $145,680 | TotalGrossUBIAmt |
| Net Unrelated Bus Txbl Incm | -$16,775 | NetUnrelatedBusTxblIncmAmt |
| PY Contributions Grants | $5,362,738 | PYContributionsGrantsAmt |
| CY Contributions Grants | $6,066,529 | CYContributionsGrantsAmt |
| PY Program Service Revenue | $316,409 | PYProgramServiceRevenueAmt |
| CY Program Service Revenue | $456,888 | CYProgramServiceRevenueAmt |
| PY Investment Income | $129 | PYInvestmentIncomeAmt |
| CY Investment Income | $9,429 | CYInvestmentIncomeAmt |
| PY Other Revenue | $164 | PYOtherRevenueAmt |
| CY Other Revenue | $5,362 | CYOtherRevenueAmt |
| PY Total Revenue | $5,679,440 | PYTotalRevenueAmt |
| CY Total Revenue | $6,538,208 | CYTotalRevenueAmt |
| PY Grants And Similar Paid | $0 | PYGrantsAndSimilarPaidAmt |
| CY Grants And Similar Paid | $0 | CYGrantsAndSimilarPaidAmt |
| PY Benefits Paid To Members | $0 | PYBenefitsPaidToMembersAmt |
| CY Benefits Paid To Members | $0 | CYBenefitsPaidToMembersAmt |
| PY Salaries Comp Emp Bnft Paid | $2,778,449 | PYSalariesCompEmpBnftPaidAmt |
| CY Salaries Comp Emp Bnft Paid | $2,783,152 | CYSalariesCompEmpBnftPaidAmt |
| PY Total Prof Fndrsng Expns | $0 | PYTotalProfFndrsngExpnsAmt |
| CY Total Prof Fndrsng Expns | $0 | CYTotalProfFndrsngExpnsAmt |
| CY Total Fundraising Expense | $0 | CYTotalFundraisingExpenseAmt |
| PY Other Expenses | $3,414,121 | PYOtherExpensesAmt |
| CY Other Expenses | $4,371,216 | CYOtherExpensesAmt |
| PY Total Expenses | $6,192,570 | PYTotalExpensesAmt |
| CY Total Expenses | $7,154,368 | CYTotalExpensesAmt |
| PY Revenues Less Expenses | -$513,130 | PYRevenuesLessExpensesAmt |
| CY Revenues Less Expenses | -$616,160 | CYRevenuesLessExpensesAmt |
| Total Assets BOY | $1,804,608 | TotalAssetsBOYAmt |
| Total Assets EOY | $1,366,611 | TotalAssetsEOYAmt |
| Total Liabilities BOY | $691,031 | TotalLiabilitiesBOYAmt |
| Total Liabilities EOY | $869,194 | TotalLiabilitiesEOYAmt |
| Net Assets Or Fund Balances BOY | $1,113,577 | NetAssetsOrFundBalancesBOYAmt |
| Net Assets Or Fund Balances EOY | $497,417 | NetAssetsOrFundBalancesEOYAmt |
| Info In Schedule O Part III | Yes (X) | InfoInScheduleOPartIIIInd |
| Mission | TO ENCOURAGE, PROMOTE AND STIMULATE CONVENTION, TOURISM AND VISITOR INDUSTRIES. | MissionDesc |
| Significant New Program Srvc | 0 | SignificantNewProgramSrvcInd |
| Significant Change | Yes (1) | SignificantChangeInd |
| Expense | $3,978,159 | ExpenseAmt |
| Revenue | $104,485 | RevenueAmt |
| Desc | CONVENTION SALES, SERVICES AND SPORTS:CONVENTION SALES, SERVICES AND SPORTS, REPRESENTING APPROXIMATELY 50 PERCENT OF ACVB'S STAFF AND BUDGET, IS RESPONSIBLE FOR SELLING ALBUQUERQUE AS A MEETING DESTINATION FOR GROUPS USING THE CONVENTION CENTER (CENTER SALES), OTHER MEETING VENUES (NON-CENTER SALES) AND SPORTS FACILITIES. IN ADDITION TO GENERATING THESE BOOKINGS, THIS DIVISION IS RESPONSIBLE FOR SERVICING THE MEETINGS WHEN THE GROUPS ARRIVE. THIS DIVISION ALSO PROVIDES VISITOR SERVICE INFORMATION TO THE LEISURE TRAVELER THROUGH TWO VISITOR INFORMATION CENTERS STAFFED FROM A POOL OF OVER 100 ACTIVE VOLUNTEERS, AND BY RESPONDING TO INQUIRIES THROUGH A FULFILLMENT SERVICE CONTRACTED WITH ADELANTE DEVELOPMENT CENTER. PRIMARY MARKETING ACTIVITIES INCLUDE TRADE SHOWS, BUYER EDUCATION TRIPS FOR MEETING PLANNERS, SALES CALLS AND DIRECT MAIL MARKETING. | Desc |
Prog Srvc Accom Acty2 ProgSrvcAccomActy2Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Expense | $2,272,906 | ExpenseAmt |
| Revenue | $192,963 | RevenueAmt |
| Desc | MARKETING, COMMUNICATIONS AND TOURISM:THE MARKETING, COMMUNICATIONS & TOURISM (MC&T) DIVISION MARKETS THE GREATER ALBUQUERQUE AREA AS A LEISURE AND CONVENTION/MEETING DESTINATION THROUGH MARKETING, ADVERTISING, MEDIA/PUBLIC RELATIONS, SOCIAL MEDIA AND WEBSITE/INTERACTIVE PROMOTIONS. THE DIVISION ALSO PROVIDES OVERALL MARKETING AND COMMUNICATIONS SUPPORT FOR THE ACVB AS AN ORGANIZATION.DESTINATION MARKETING IS THE CORE FOCUS OF THIS TEAM AND BENEFITS THE ENTIRE DESTINATION THROUGH THE BUILDING OF BRAND AWARENESS AND INTEREST. THE TEAM SHOWCASES THE DESTINATION'S STRENGTHS AND CREATES EMOTIONAL CONNECTIONS WITH THE BRAND TO INCREASE THE VISITOR CONVERSION, LENGTH OF STAY AND SPENDING.MC&T DEVELOPS AND IMPLEMENTS THE MARKETING AND ADVERTISING STRATEGIES FOR THE MEETINGS AND CONVENTIONS MARKET WORKING CLOSELY WITH THE CONVENTION SALES, SERVICES & SPORTS DIVISION. | Desc |
Prog Srvc Accom Acty3 ProgSrvcAccomActy3Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Expense | $470,727 | ExpenseAmt |
| Revenue | $164,802 | RevenueAmt |
| Desc | MEMBERSHIP AND DEVELOPMENT DIVISION:THE MEMBERSHIP AND DEVELOPMENT DIVISION IS RESPONSIBLE FOR GENERATING PRIVATE REVENUES AND OTHER FUNDING FOR ACVB THROUGH MEMBERSHIP DEVELOPMENT AND STRATEGIC PARTNERING. CURRENT MEMBERSHIP IS APPROXIMATELY 800, WITH MEMBERS REPRESENTING A BROAD SPECTRUM OF THE HOSPITALITY INDUSTRY AND BUSINESSES DIRECTLY OR INDIRECTLY BENEFITING FROM CONVENTION AND TOURISM VISITORS. PROGRAMS INCLUDE NETWORKING AND EDUCATIONAL OPPORTUNITIES FOR MEMBERS, HOSPITALITY TRAINING THROUGH ALBUQUERQUE CONCIERGE EXCELLENCE (ACE), AND IDENTIFYING AND PROVIDING RELEVANT MEMBERSHIP BENEFITS. | Desc |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Program Service Expenses | $6,721,792 | TotalProgramServiceExpensesAmt |
| Described In Section501c3 | 0 | DescribedInSection501c3Ind |
| Schedule B Required | Yes (1) | ScheduleBRequiredInd |
| Political Campaign Acty | 0 | PoliticalCampaignActyInd |
| Subject To Proxy Tax | 0 | SubjectToProxyTaxInd |
| Donor Advised Fund | 0 | DonorAdvisedFundInd |
| Conservation Easements | 0 | ConservationEasementsInd |
| Collections Of Art | 0 | CollectionsOfArtInd |
| Credit Counseling | 0 | CreditCounselingInd |
| Temp Or Permanent Endowments | 0 | TempOrPermanentEndowmentsInd |
| Report Land Building Equipment | Yes (1) | ReportLandBuildingEquipmentInd |
| Report Investments Other Sec | 0 | ReportInvestmentsOtherSecInd |
| Report Program Related Invst | 0 | ReportProgramRelatedInvstInd |
| Report Other Assets | 0 | ReportOtherAssetsInd |
| Report Other Liabilities | 0 | ReportOtherLiabilitiesInd |
| Include FIN48 Footnote | Yes (1) | IncludeFIN48FootnoteInd |
| Independent Audit Fincl Stmt | Yes (1) | IndependentAuditFinclStmtInd |
| Consolidated Audit Fincl Stmt | 0 | ConsolidatedAuditFinclStmtInd |
| School Operating | 0 | SchoolOperatingInd |
| Foreign Office | 0 | ForeignOfficeInd |
| Foreign Activities | 0 | ForeignActivitiesInd |
| More Than5000 K To Org | 0 | MoreThan5000KToOrgInd |
| More Than5000 K To Individuals | 0 | MoreThan5000KToIndividualsInd |
| Professional Fundraising | 0 | ProfessionalFundraisingInd |
| Fundraising Activities | 0 | FundraisingActivitiesInd |
| Gaming Activities | 0 | GamingActivitiesInd |
| Operate Hospital | 0 | OperateHospitalInd |
| Grants To Organizations | 0 | GrantsToOrganizationsInd |
| Grants To Individuals | 0 | GrantsToIndividualsInd |
| Schedule J Required | Yes (1) | ScheduleJRequiredInd |
| Tax Exempt Bonds | 0 | TaxExemptBondsInd |
| Loan Outstanding | 0 | LoanOutstandingInd |
| Grant To Related Person | 0 | GrantToRelatedPersonInd |
| Business Rln With Org Mem | 0 | BusinessRlnWithOrgMemInd |
| Business Rln With Fam Mem | 0 | BusinessRlnWithFamMemInd |
| Business Rln With Officer Ent | 0 | BusinessRlnWithOfficerEntInd |
| Deductible Non Cash Contri | 0 | DeductibleNonCashContriInd |
| Deductible Art Contribution | 0 | DeductibleArtContributionInd |
| Terminate Operations | 0 | TerminateOperationsInd |
| Partial Liquidation | 0 | PartialLiquidationInd |
| Disregarded Entity | 0 | DisregardedEntityInd |
| Related Entity | 0 | RelatedEntityInd |
| Related Organization Ctrl Ent | 0 | RelatedOrganizationCtrlEntInd |
| Activities Conducted Prtshp | 0 | ActivitiesConductedPrtshpInd |
| Schedule O Required | Yes (1) | ScheduleORequiredInd |
| IRP Document | 41 | IRPDocumentCnt |
| IRP Document W2 G | 0 | IRPDocumentW2GCnt |
| Backup Wthld Compliance | Yes (1) | BackupWthldComplianceInd |
| Employee | 48 | EmployeeCnt |
| Employment Tax Returns Filed | Yes (1) | EmploymentTaxReturnsFiledInd |
| Unrelated Bus Incm Over Limit | Yes (1) | UnrelatedBusIncmOverLimitInd |
| Form990 T Filed | Yes (1) | Form990TFiledInd |
| Foreign Financial Account | 0 | ForeignFinancialAccountInd |
| Prohibited Tax Shelter Trans | 0 | ProhibitedTaxShelterTransInd |
| Taxable Party Notification | 0 | TaxablePartyNotificationInd |
| Nondeductible Contributions | 0 | NondeductibleContributionsInd |
| Indoor Tanning Services | 0 | IndoorTanningServicesInd |
| Info In Schedule O Part VI | Yes (X) | InfoInScheduleOPartVIInd |
| Governing Body Voting Members | 22 | GoverningBodyVotingMembersCnt |
| Independent Voting Member | 22 | IndependentVotingMemberCnt |
| Family Or Business Rln | Yes (1) | FamilyOrBusinessRlnInd |
| Delegation Of Mgmt Duties | 0 | DelegationOfMgmtDutiesInd |
| Change To Org Documents | 0 | ChangeToOrgDocumentsInd |
| Material Diversion Or Misuse | 0 | MaterialDiversionOrMisuseInd |
| Members Or Stockholders | Yes (1) | MembersOrStockholdersInd |
| Election Of Board Members | Yes (1) | ElectionOfBoardMembersInd |
| Decisions Subject To Approva | 0 | DecisionsSubjectToApprovaInd |
| Minutes Of Governing Body | Yes (1) | MinutesOfGoverningBodyInd |
| Minutes Of Committees | Yes (1) | MinutesOfCommitteesInd |
| Officer Mailing Address | 0 | OfficerMailingAddressInd |
| Local Chapters | 0 | LocalChaptersInd |
| Form990 Provided To Gvrn Body | 0 | Form990ProvidedToGvrnBodyInd |
| Conflict Of Interest Policy | Yes (1) | ConflictOfInterestPolicyInd |
| Annual Disclosure Covered Prsn | 0 | AnnualDisclosureCoveredPrsnInd |
| Regular Monitoring Enfrc | Yes (1) | RegularMonitoringEnfrcInd |
| Whistleblower Policy | Yes (1) | WhistleblowerPolicyInd |
| Document Retention Policy | Yes (1) | DocumentRetentionPolicyInd |
| Compensation Process CEO | Yes (1) | CompensationProcessCEOInd |
| Compensation Process Other | 0 | CompensationProcessOtherInd |
| Investment In Joint Venture | 0 | InvestmentInJointVentureInd |
| Upon Request | Yes (X) | UponRequestInd |
Books In Care Of Detail BooksInCareOfDetail
Business Name BusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | VALERIE LIND CPA | BusinessNameLine1 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Phone | 5058481163 | PhoneNum |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 20 FIRST PLAZA | AddressLine1 |
| City | ALBUQUERQUE | City |
| State | NM | State |
| ZIP Code | 87102 | ZIPCode |
Form990 Part VII Section A Form990PartVIISectionAGrp (42 entries)
| TitleTitleTxt | Average Hours Per WeekAverageHoursPerWeekRt | Individual Trustee Or DirectorIndividualTrusteeOrDirectorInd | Reportable Comp From OrgReportableCompFromOrgAmt | Reportable Comp From Rltd OrgReportableCompFromRltdOrgAmt | Other CompensationOtherCompensationAmt | OfficerOfficerInd |
|---|---|---|---|---|---|---|
| STEVE HIATT | ||||||
| DIRECTOR - VOTING | 2.00 | Yes (X) | $0 | $0 | $0 | |
| GARY ROMERO | ||||||
| DIRECTOR - VOTING | 2.00 | Yes (X) | $0 | $0 | $0 | |
| TODD WALTERS | ||||||
| DIRECTOR - VOTING | 2.00 | Yes (X) | $0 | $0 | $0 | |
| LAURA KESSELMAN | ||||||
| DIRECTOR - VOTING (CHAIR-ELECT) | 10.00 | Yes (X) | $0 | $0 | $0 | |
| MICHAEL MCNAIR | ||||||
| DIRECTOR - VOTING | 2.00 | Yes (X) | $0 | $0 | $0 | |
| JIM WALTHER | ||||||
| DIRECTOR - VOTING | 2.00 | Yes (X) | $0 | $0 | $0 | |
| REGINA CHAVEZ | ||||||
| DIRECTOR - VOTING (CHAIR) | 10.00 | Yes (X) | $0 | $0 | $0 | |
| DAVID HELGESEN | ||||||
| DIRECTOR - VOTING | 2.00 | Yes (X) | $0 | $0 | $0 | |
| ALLEN BASSETT | ||||||
| DIRECTOR - VOTING | 2.00 | Yes (X) | $0 | $0 | $0 | |
| AUGUSTA MEYERS | ||||||
| DIRECTOR - VOTING | 2.00 | Yes (X) | $0 | $0 | $0 | |
| MICHELLE DRESSLER | ||||||
| DIRECTOR - VOTING | 2.00 | Yes (X) | $0 | $0 | $0 | |
| BOB MURPHY | ||||||
| DIRECTOR - VOTING | 2.00 | Yes (X) | $0 | $0 | $0 | |
| KLARISSA PENA | ||||||
| DIRECTOR - VOTING | 2.00 | Yes (X) | $0 | $0 | $0 | |
| DIEGO CONCHA | ||||||
| DIRECTOR - VOTING | 2.00 | Yes (X) | $0 | $0 | $0 | |
| ROBERT J PERRY | ||||||
| DIRECTOR - VOTING | 2.00 | Yes (X) | $0 | $0 | $0 | |
| STEVE SCHROEDER | ||||||
| DIRECTOR - EX-OFFICIO NON-VOTING | 2.00 | Yes (X) | $0 | $0 | $0 | |
| JESSE HERRON | ||||||
| DIRECTOR - VOTING | 2.00 | Yes (X) | $0 | $0 | $0 | |
| DON HARRIS | ||||||
| DIRECTOR - VOTING | 2.00 | Yes (X) | $0 | $0 | $0 | |
| CHARLES WALTER | ||||||
| DIRECTOR - VOTING | 2.00 | Yes (X) | $0 | $0 | $0 | |
| MARK GUNDLACH | ||||||
| DIRECTOR - EX-OFFICIO NON-VOTING | 2.00 | Yes (X) | $0 | $0 | $0 | |
| JOSE GARCIA | ||||||
| DIRECTOR - EX-OFFICIO NON-VOTING | 2.00 | Yes (X) | $0 | $0 | $0 | |
| CHAD HENDERSON | ||||||
| DIRECTOR - VOTING | 2.00 | Yes (X) | $0 | $0 | $0 | |
| JIM HINDE | ||||||
| DIRECTOR - EX-OFFICIO NON-VOTING | 2.00 | Yes (X) | $0 | $0 | $0 | |
| KATHERINE MARTINEZ | ||||||
| DIRECTOR - EX-OFFICIO NON-VOTING | 2.00 | Yes (X) | $0 | $0 | $0 | |
| SALLY MAYER | ||||||
| DIRECTOR - EX-OFFICIO NON-VOTING | 2.00 | Yes (X) | $0 | $0 | $0 | |
| ALEX NUNNALLY | ||||||
| DIRECTOR - EX-OFFICIO NON-VOTING | 2.00 | Yes (X) | $0 | $0 | $0 | |
| DIANE SOUDER | ||||||
| DIRECTOR - EX-OFFICIO NON-VOTING | 2.00 | Yes (X) | $0 | $0 | $0 | |
| PAUL SMITH | ||||||
| DIRECTOR - EX-OFFICIO NON-VOTING | 2.00 | Yes (X) | $0 | $0 | $0 | |
| SUHEIL KARE | ||||||
| DIRECTOR - EX-OFFICIO NON-VOTING | 2.00 | Yes (X) | $0 | $0 | $0 | |
| CYNTHIA STANLEY | ||||||
| DIRECTOR - VOTING | 2.00 | Yes (X) | $0 | $0 | $0 | |
| MOLLY RYCKMAN | ||||||
| DIRECTOR - VOTING | 2.00 | Yes (X) | $0 | $0 | $0 | |
| ISAAC BENTON | ||||||
| DIRECTOR - VOTING | 2.00 | Yes (X) | $0 | $0 | $0 | |
| BOB DODSON | ||||||
| DIRECTOR - EX-OFFICIO NON-VOTING | 2.00 | Yes (X) | $0 | $0 | $0 | |
| TINA MARCELLI | ||||||
| DIRECTOR - EX-OFFICIO NON-VOTING | 2.00 | Yes (X) | $0 | $0 | $0 | |
| DAMEN KOMPANOWSKI | ||||||
| DIRECTOR - VOTING (SECR/TREAS) | 2.00 | Yes (X) | $0 | $0 | $0 | |
| GUS LUNA | ||||||
| DIRECTOR - VOTING | 2.00 | Yes (X) | $0 | $0 | $0 | |
| YANCY STURGEON | ||||||
| DIRECTOR - VOTING | 2.00 | Yes (X) | $0 | $0 | $0 | |
| DALE LOCKETT | ||||||
| PRESIDENT/CEO | 50.00 | $151,945 | $0 | $16,937 | Yes (X) | |
| VALERIE LIND | ||||||
| VP OF FINANCE & ADMINISTRATION | 50.00 | $110,408 | $0 | $5,715 | Yes (X) | |
| TANIA ARMENTA | ||||||
| VP OF TOURISM/COMMUNICATIONS | 50.00 | $110,360 | $0 | $13,412 | Yes (X) | |
| ELISE ROGERS | ||||||
| VP OF DEVELOPMENT | 50.00 | $80,750 | $0 | $15,218 | Yes (X) | |
| ROBERT ENRIQUEZ | ||||||
| VP OF CONVENTION SALES | 50.00 | $127,420 | $0 | $34,322 | Yes (X) | |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Reportable Comp From Org | $580,883 | TotalReportableCompFromOrgAmt |
| Tot Reportable Comp Rltd Org | $0 | TotReportableCompRltdOrgAmt |
| Total Other Compensation | $85,604 | TotalOtherCompensationAmt |
| Indiv Rcvd Greater Than100 K | 4 | IndivRcvdGreaterThan100KCnt |
| Former Ofcr Employees Listed | 0 | FormerOfcrEmployeesListedInd |
| Total Comp Greater Than150 K | Yes (1) | TotalCompGreaterThan150KInd |
| Compensation From Other Srcs | 0 | CompensationFromOtherSrcsInd |
Contractor Compensation ContractorCompensationGrp (4 entries)
| Address Line1ContractorAddress/USAddress/AddressLine1 | CityContractorAddress/USAddress/City | StateContractorAddress/USAddress/State | ZIP CodeContractorAddress/USAddress/ZIPCode | ServicesServicesDesc | CompensationCompensationAmt |
|---|---|---|---|---|---|
| MCKEE WALLWORK CLEVELAND | |||||
| 1030 18TH STREET NW | ALBUQUERQUE | NM | 87104 | ADVERTISING | $1,450,475 |
| ESPN INC | |||||
| 13057 COLLECTIONS CTR D | CHICAGO | IL | 60693 | SPONSORSHIP FOR NM BOWL | $183,000 |
| MILES MEDIA | |||||
| PO BOX 116755 | ATLANTA | GA | 30368 | WEB DEVELOPMENT, MARKETING , AND HOSTING | $168,054 |
| RR DONNELEY | |||||
| PO BOX 730216 | DALLAS | TX | 75373 | VISITOR GUIDE PUBLISHER | $115,601 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Cntrct Rcvd Greater Than100 K | 4 | CntrctRcvdGreaterThan100KCnt |
| Membership Dues | $409,781 | MembershipDuesAmt |
| Government Grants | $5,639,381 | GovernmentGrantsAmt |
| All Other Contributions | $17,367 | AllOtherContributionsAmt |
| Total Contributions | $6,066,529 | TotalContributionsAmt |
Program Service Revenue ProgramServiceRevenueGrp (4 entries)
| DescDesc | BusinessBusinessCd | Total Revenue ColumnTotalRevenueColumnAmt | Related Or Exempt Func IncomeRelatedOrExemptFuncIncomeAmt | Unrelated Business RevenueUnrelatedBusinessRevenueAmt |
|---|---|---|---|---|
| EVENT HOSTING/PART. | 900099 | $295,518 | $295,518 | |
| ADVERTISING | 541800 | $145,680 | $145,680 | |
| STATE OF NM GRANTS | 900099 | $10,000 | $10,000 | |
| OTHER INCOME | 900099 | $5,690 | $5,690 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Program Service Revenue | $456,888 | TotalProgramServiceRevenueAmt |
Investment Income InvestmentIncomeGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $29 | TotalRevenueColumnAmt |
| Exclusion | $29 | ExclusionAmt |
Gross Amount Sales Assets GrossAmountSalesAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other | $9,400 | OtherAmt |
Less Cost Oth Basis Sales Expnss LessCostOthBasisSalesExpnssGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other | $0 | OtherAmt |
Gain Or Loss GainOrLossGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other | $9,400 | OtherAmt |
Net Gain Or Loss Investments NetGainOrLossInvestmentsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $9,400 | TotalRevenueColumnAmt |
| Exclusion | $9,400 | ExclusionAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Gross Sales Of Inventory | $5,362 | GrossSalesOfInventoryAmt |
| Cost Of Goods Sold | $0 | CostOfGoodsSoldAmt |
Net Income Or Loss NetIncomeOrLossGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $5,362 | TotalRevenueColumnAmt |
| Related Or Exempt Func Income | $5,362 | RelatedOrExemptFuncIncomeAmt |
Total Revenue TotalRevenueGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $6,538,208 | TotalRevenueColumnAmt |
| Related Or Exempt Func Income | $316,570 | RelatedOrExemptFuncIncomeAmt |
| Unrelated Business Revenue | $145,680 | UnrelatedBusinessRevenueAmt |
| Exclusion | $9,429 | ExclusionAmt |
Comp Current Ofcr Directors CompCurrentOfcrDirectorsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $681,422 | TotalAmt |
Other Salaries And Wages OtherSalariesAndWagesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $1,693,497 | TotalAmt |
Pension Plan Contributions PensionPlanContributionsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $74,237 | TotalAmt |
Other Employee Benefits OtherEmployeeBenefitsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $159,277 | TotalAmt |
Payroll Taxes PayrollTaxesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $174,719 | TotalAmt |
Fees For Services Legal FeesForServicesLegalGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $451 | TotalAmt |
Fees For Services Accounting FeesForServicesAccountingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $17,931 | TotalAmt |
Fees For Services Other FeesForServicesOtherGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $50,459 | TotalAmt |
Advertising AdvertisingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $1,648,881 | TotalAmt |
Office Expenses OfficeExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $132,649 | TotalAmt |
Occupancy OccupancyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $227,228 | TotalAmt |
Travel TravelGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $131,391 | TotalAmt |
Conferences Meetings ConferencesMeetingsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $18,452 | TotalAmt |
Interest InterestGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $914 | TotalAmt |
Depreciation Depletion DepreciationDepletionGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $104,357 | TotalAmt |
Insurance InsuranceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $28,584 | TotalAmt |
Other Expenses OtherExpensesGrp (4 entries)
| DescDesc | TotalTotalAmt |
|---|---|
| MARKETING | $1,824,297 |
| TRAINING AND EDUCATION | $89,417 |
| RENTAL AND MAINTENANCE | $48,846 |
| BAD DEBT PROVISION | $40,045 |
All Other Expenses AllOtherExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $7,314 | TotalAmt |
Total Functional Expenses TotalFunctionalExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $7,154,368 | TotalAmt |
Cash Non Interest Bearing CashNonInterestBearingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $945,594 | BOYAmt |
| EOY | $561,410 | EOYAmt |
Savings And Temp Cash Invst SavingsAndTempCashInvstGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $288,622 | BOYAmt |
| EOY | $288,651 | EOYAmt |
Accounts Receivable AccountsReceivableGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $104,252 | BOYAmt |
| EOY | $71,676 | EOYAmt |
Oth Notes Loans Receivable Net OthNotesLoansReceivableNetGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| EOY | $0 | EOYAmt |
Inventories For Sale Or Use InventoriesForSaleOrUseGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $2,850 | BOYAmt |
| EOY | $2,850 | EOYAmt |
Prepaid Expenses Defrd Charges PrepaidExpensesDefrdChargesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $322,416 | BOYAmt |
| EOY | $188,418 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Land Bldg Equip Cost Or Other Bss | $1,529,874 | LandBldgEquipCostOrOtherBssAmt |
| Land Bldg Equip Accum Deprec | $1,319,975 | LandBldgEquipAccumDeprecAmt |
Land Bldg Equip Basis Net LandBldgEquipBasisNetGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $119,841 | BOYAmt |
| EOY | $209,899 | EOYAmt |
Intangible Assets IntangibleAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $1,858 | BOYAmt |
| EOY | $1,315 | EOYAmt |
Other Assets Total OtherAssetsTotalGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $19,175 | BOYAmt |
| EOY | $42,392 | EOYAmt |
Total Assets TotalAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $1,804,608 | BOYAmt |
| EOY | $1,366,611 | EOYAmt |
Accounts Payable Accr Expnss AccountsPayableAccrExpnssGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $441,358 | BOYAmt |
| EOY | $508,285 | EOYAmt |
Deferred Revenue DeferredRevenueGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $249,673 | BOYAmt |
| EOY | $202,619 | EOYAmt |
Mortg Notes Pybl Scrd Invst Prop MortgNotesPyblScrdInvstPropGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| EOY | $158,290 | EOYAmt |
Total Liabilities TotalLiabilitiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $691,031 | BOYAmt |
| EOY | $869,194 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Organization Follows SFAS117 | Yes (X) | OrganizationFollowsSFAS117Ind |
Unrestricted Net Assets UnrestrictedNetAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $1,113,577 | BOYAmt |
| EOY | $497,417 | EOYAmt |
Total Net Assets Fund Balance TotalNetAssetsFundBalanceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $1,113,577 | BOYAmt |
| EOY | $497,417 | EOYAmt |
Tot Liab Net Assets Fund Balance TotLiabNetAssetsFundBalanceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $1,804,608 | BOYAmt |
| EOY | $1,366,611 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Reconcilation Revenue Expnss | -$616,160 | ReconcilationRevenueExpnssAmt |
| Other Changes In Net Assets | $0 | OtherChangesInNetAssetsAmt |
| Info In Schedule O Part XII | Yes (X) | InfoInScheduleOPartXIIInd |
| Method Of Accounting Accrual | Yes (X) | MethodOfAccountingAccrualInd |
| Accountant Compile Or Review | 0 | AccountantCompileOrReviewInd |
| FS Audited | Yes (1) | FSAuditedInd |
FS Audited Basis FSAuditedBasisGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Separate Basis Fincl Stmt | Yes (X) | SeparateBasisFinclStmtInd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Audit Committee | Yes (1) | AuditCommitteeInd |
| Federal Grant Audit Required | 0 | FederalGrantAuditRequiredInd |
Schedule B IRS990ScheduleB
Contributor Information ContributorInformationGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Contributor | RESTRICTED | ContributorNum |
Contributor Business Name ContributorBusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | RESTRICTED | BusinessNameLine1 |
Contributor US Address ContributorUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | RESTRICTED | AddressLine1 |
| Address Line2 | RESTRICTED | AddressLine2 |
| City | RESTRICTED | City |
| State | RESTRICTED | State |
| ZIP Code | RESTRICTED | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Contributions | RESTRICTED | TotalContributionsAmt |
Schedule D IRS990ScheduleD
Leasehold Improvements LeaseholdImprovementsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | $41,574 | OtherCostOrOtherBasisAmt |
| Depreciation | $41,574 | DepreciationAmt |
| Book Value | $0 | BookValueAmt |
Equipment EquipmentGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | $1,464,394 | OtherCostOrOtherBasisAmt |
| Depreciation | $1,257,151 | DepreciationAmt |
| Book Value | $207,243 | BookValueAmt |
Other Land Buildings OtherLandBuildingsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | $23,906 | OtherCostOrOtherBasisAmt |
| Depreciation | $21,250 | DepreciationAmt |
| Book Value | $2,656 | BookValueAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Book Value Land Buildings | $209,899 | TotalBookValueLandBuildingsAmt |
| Footnote Text | Yes (X) | FootnoteTextInd |
| Total Rev Etc Audited Fincl Stmt | $6,820,865 | TotalRevEtcAuditedFinclStmtAmt |
| Donated Services And Use Fclts | $282,657 | DonatedServicesAndUseFcltsAmt |
| Revenue Not Reported | $282,657 | RevenueNotReportedAmt |
| Revenue Subtotal | $6,538,208 | RevenueSubtotalAmt |
| Revenue Not Reported Fincl Stmt | $0 | RevenueNotReportedFinclStmtAmt |
| Total Revenue Per Form990 | $6,538,208 | TotalRevenuePerForm990Amt |
| Tot Expns Etc Audited Fincl Stmt | $7,437,025 | TotExpnsEtcAuditedFinclStmtAmt |
| Donated Services Use Fclts | $282,657 | DonatedServicesUseFcltsAmt |
| Expenses Not Reported | $282,657 | ExpensesNotReportedAmt |
| Expenses Subtotal | $7,154,368 | ExpensesSubtotalAmt |
| Expenses Not Rpt Fincl Stmt | $0 | ExpensesNotRptFinclStmtAmt |
| Total Expenses Per Form990 | $7,154,368 | TotalExpensesPerForm990Amt |
Supplemental Information Detail SupplementalInformationDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Form And Line Reference | PART X, LINE 2: | FormAndLineReferenceDesc |
| Explanation | 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, 2014, 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
| Field | Value | IRS element (for citing) |
|---|---|---|
| Compensation Committee | Yes (X) | CompensationCommitteeInd |
| Compensation Survey | Yes (X) | CompensationSurveyInd |
| Board Or Committee Approval | Yes (X) | BoardOrCommitteeApprovalInd |
| Severance Payment | 0 | SeverancePaymentInd |
| Supplemental Nonqual Rtr Plan | 0 | SupplementalNonqualRtrPlanInd |
| Equity Based Comp Arrngm | 0 | EquityBasedCompArrngmInd |
Rltd Org Officer Trst Key Empl RltdOrgOfficerTrstKeyEmplGrp (2 entries)
| TitleTitleTxt | Base Compensation Filing OrgBaseCompensationFilingOrgAmt | Compensation Based On Rltd OrgsCompensationBasedOnRltdOrgsAmt | Bonus Filing OrganizationBonusFilingOrganizationAmount | Bonus Related OrganizationsBonusRelatedOrganizationsAmt | Other Compensation Filing OrgOtherCompensationFilingOrgAmt | Other Compensation Rltd OrgsOtherCompensationRltdOrgsAmt | Deferred Compensation Flng OrgDeferredCompensationFlngOrgAmt | Deferred Comp Rltd OrgsDeferredCompRltdOrgsAmt | Nontaxable Benefits Filing OrgNontaxableBenefitsFilingOrgAmt | Nontaxable Benefits Rltd OrgsNontaxableBenefitsRltdOrgsAmt | Total Compensation Filing OrgTotalCompensationFilingOrgAmt | Total Compensation Rltd OrgsTotalCompensationRltdOrgsAmt | Comp Report Prior990 Filing OrgCompReportPrior990FilingOrgAmt | Comp Report Prior990 Rltd OrgsCompReportPrior990RltdOrgsAmt |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| DALE LOCKETT | ||||||||||||||
| PRESIDENT/CEO | $143,845 | $0 | $0 | $0 | $8,100 | $0 | $8,781 | $0 | $8,156 | $0 | $168,882 | $0 | $0 | $0 |
| ROBERT ENRIQUEZ | ||||||||||||||
| VP OF CONVENTION SALES | $113,772 | $0 | $12,543 | $0 | $1,105 | $0 | $7,533 | $0 | $26,789 | $0 | $161,742 | $0 | $0 | $0 |
Schedule O IRS990ScheduleO
Supplemental Information Detail SupplementalInformationDetail (11 entries)
| Form And Line ReferenceFormAndLineReferenceDesc | ExplanationExplanationTxt |
|---|---|
| FORM 990, PART III, LINE 3 | THE COMMUNICATIONS PROGRAM IS NOW CONSIDERED A PART OF THE TOURISM AND VISTOR'S SERVICE PROGRAM, AS THESE PROGRAMS SHARE SIMILAR GOALS AND OUTCOMES. THE MEMBERSHIP PROGRAM IS NOW THE THIRD LARGEST PROGRAM. |
| 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 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. ALL OTHER STAFF COMPENSATION (VPS, HIGHLY COMP, ETC) IS SET BY CEO, BUT DOES TAKE INTO CONSIDERATION VARIOUS COMPENSATION REVIEW PROCESSES TO ESTABLISH MARKET RANGE FOR THE POSITIONS. |
| 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 VI, 1A | EXECUTIVE COMMITTEE - CONSISTS OF THE CHAIR, CHAIR-ELECT, IMMEDIATE 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 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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