2015-01-15T18:10:34-06:00 2014-06-30 410746749 CLIFTONLARSONALLEN LLP 500 MARQUETTE NW SUITE 800 ALBUQUERQUE NM 87102 990 2013-07-01 850285280 ALBUQUERQUE CONVENTION & VISITORS BUREAU ALBU 5058481163 20 FIRST PLAZA SUITE 601 ALBUQUERQUE NM 87102 DALE LOCKETT PRESIDENT/CEO 5058481163 2014-11-17 1 STEPHEN E LIVINGSTON CPA P00317845 5058428290 2013 2016-02-25 16:41:14Z DALE LOCKETT 20 FIRST PLAZA SUITE 601 ALBUQUERQUE NM 87102 6538208 0 X WWW.ITSATRIP.ORG X 1980 NM TO STIMULATE ECONOMIC DEVELOPMENT BY MARKETING ALBUQUERQUE AS A DESTINATION FOR MEETINGS, CONVENTIONS AND LEISURE TRAVEL. 22 22 48 92 145680 -16775 5362738 6066529 316409 456888 129 9429 164 5362 5679440 6538208 0 0 0 0 2778449 2783152 0 0 0 3414121 4371216 6192570 7154368 -513130 -616160 1804608 1366611 691031 869194 1113577 497417 X TO ENCOURAGE, PROMOTE AND STIMULATE CONVENTION, TOURISM AND VISITOR INDUSTRIES. 0 1 3978159 104485 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. 2272906 192963 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. 470727 164802 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. 6721792 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 41 0 1 48 1 1 1 0 0 0 0 0 X 22 22 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 STEVE HIATT DIRECTOR - VOTING 2.00 X 0 0 0 GARY ROMERO DIRECTOR - VOTING 2.00 X 0 0 0 TODD WALTERS DIRECTOR - VOTING 2.00 X 0 0 0 LAURA KESSELMAN DIRECTOR - VOTING (CHAIR-ELECT) 10.00 X 0 0 0 MICHAEL MCNAIR DIRECTOR - VOTING 2.00 X 0 0 0 JIM WALTHER DIRECTOR - VOTING 2.00 X 0 0 0 REGINA CHAVEZ DIRECTOR - VOTING (CHAIR) 10.00 X 0 0 0 DAVID HELGESEN DIRECTOR - VOTING 2.00 X 0 0 0 ALLEN BASSETT DIRECTOR - VOTING 2.00 X 0 0 0 AUGUSTA MEYERS DIRECTOR - VOTING 2.00 X 0 0 0 MICHELLE DRESSLER DIRECTOR - VOTING 2.00 X 0 0 0 BOB MURPHY DIRECTOR - VOTING 2.00 X 0 0 0 KLARISSA PENA DIRECTOR - VOTING 2.00 X 0 0 0 DIEGO CONCHA DIRECTOR - VOTING 2.00 X 0 0 0 ROBERT J PERRY DIRECTOR - VOTING 2.00 X 0 0 0 STEVE SCHROEDER DIRECTOR - EX-OFFICIO NON-VOTING 2.00 X 0 0 0 JESSE HERRON DIRECTOR - VOTING 2.00 X 0 0 0 DON HARRIS DIRECTOR - VOTING 2.00 X 0 0 0 CHARLES WALTER DIRECTOR - VOTING 2.00 X 0 0 0 MARK GUNDLACH DIRECTOR - EX-OFFICIO NON-VOTING 2.00 X 0 0 0 JOSE GARCIA DIRECTOR - EX-OFFICIO NON-VOTING 2.00 X 0 0 0 CHAD HENDERSON DIRECTOR - VOTING 2.00 X 0 0 0 JIM HINDE DIRECTOR - EX-OFFICIO NON-VOTING 2.00 X 0 0 0 KATHERINE MARTINEZ DIRECTOR - EX-OFFICIO NON-VOTING 2.00 X 0 0 0 SALLY MAYER DIRECTOR - EX-OFFICIO NON-VOTING 2.00 X 0 0 0 ALEX NUNNALLY DIRECTOR - EX-OFFICIO NON-VOTING 2.00 X 0 0 0 DIANE SOUDER DIRECTOR - EX-OFFICIO NON-VOTING 2.00 X 0 0 0 PAUL SMITH DIRECTOR - EX-OFFICIO NON-VOTING 2.00 X 0 0 0 SUHEIL KARE DIRECTOR - EX-OFFICIO NON-VOTING 2.00 X 0 0 0 CYNTHIA STANLEY DIRECTOR - VOTING 2.00 X 0 0 0 MOLLY RYCKMAN DIRECTOR - VOTING 2.00 X 0 0 0 ISAAC BENTON DIRECTOR - VOTING 2.00 X 0 0 0 BOB DODSON DIRECTOR - EX-OFFICIO NON-VOTING 2.00 X 0 0 0 TINA MARCELLI DIRECTOR - EX-OFFICIO NON-VOTING 2.00 X 0 0 0 DAMEN KOMPANOWSKI DIRECTOR - VOTING (SECR/TREAS) 2.00 X 0 0 0 GUS LUNA DIRECTOR - VOTING 2.00 X 0 0 0 YANCY STURGEON DIRECTOR - VOTING 2.00 X 0 0 0 DALE LOCKETT PRESIDENT/CEO 50.00 X 151945 0 16937 VALERIE LIND VP OF FINANCE & ADMINISTRATION 50.00 X 110408 0 5715 TANIA ARMENTA VP OF TOURISM/COMMUNICATIONS 50.00 X 110360 0 13412 ELISE ROGERS VP OF DEVELOPMENT 50.00 X 80750 0 15218 ROBERT ENRIQUEZ VP OF CONVENTION SALES 50.00 X 127420 0 34322 580883 0 85604 4 0 1 0 MCKEE WALLWORK CLEVELAND 1030 18TH STREET NW ALBUQUERQUE NM 87104 ADVERTISING 1450475 ESPN INC 13057 COLLECTIONS CTR D CHICAGO IL 60693 SPONSORSHIP FOR NM BOWL 183000 MILES MEDIA PO BOX 116755 ATLANTA GA 30368 WEB DEVELOPMENT, MARKETING , AND HOSTING 168054 RR DONNELEY PO BOX 730216 DALLAS TX 75373 VISITOR GUIDE PUBLISHER 115601 4 409781 5639381 17367 6066529 EVENT HOSTING/PART. 900099 295518 295518 ADVERTISING 541800 145680 145680 STATE OF NM GRANTS 900099 10000 10000 OTHER INCOME 900099 5690 5690 456888 29 29 9400 0 9400 9400 9400 5362 0 5362 5362 6538208 316570 145680 9429 681422 1693497 74237 159277 174719 451 17931 50459 1648881 132649 227228 131391 18452 914 104357 28584 MARKETING 1824297 TRAINING AND EDUCATION 89417 RENTAL AND MAINTENANCE 48846 BAD DEBT PROVISION 40045 7314 7154368 945594 561410 288622 288651 104252 71676 0 2850 2850 322416 188418 1529874 1319975 119841 209899 1858 1315 19175 42392 1804608 1366611 441358 508285 249673 202619 158290 691031 869194 X 1113577 497417 1113577 497417 1804608 1366611 -616160 0 X X 0 1 X 1 0 RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 41574 41574 0 1464394 1257151 207243 23906 21250 2656 209899 X 6820865 282657 282657 6538208 0 6538208 7437025 282657 282657 7154368 0 7154368 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, 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. X X X 0 0 0 DALE LOCKETT PRESIDENT/CEO 143845 0 0 0 8100 0 8781 0 8156 0 168882 0 0 0 ROBERT ENRIQUEZ VP OF CONVENTION SALES 113772 0 12543 0 1105 0 7533 0 26789 0 161742 0 0 0 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.