2013-03-13T12:22:39-05:00 2012-06-30 410746749 CLIFTONLARSONALLEN LLP 500 MARQUETTE NW SUITE 800 ALBUQUERQUE NM 87102 990 2011-07-01 850285280 ALBUQUERQUE CONVENTION & VISITORS BUREAU ALBU 5058481163 20 FIRST PLAZA SUITE 601 ALBUQUERQUE NM 87102 DALE LOCKETT 5058481163 2013-02-08 1 STEPHEN E LIVINGSTON CPA P00317845 5058428290 2011 2016-02-25 16:41:14Z DALE LOCKETT 20 FIRST PLAZA SUITE 601 ALBUQUERQUE NM 87102 6217569 0 X WWW.ITSATRIP.ORG X 1980 NM TO STIMULATE ECONOMIC DEVELOPMENT BY MARKETING ALBUQUERQUE AS A DESTINATION FOR MEETINGS, CONVENTIONS AND LEISURE TRAVEL. 21 21 51 100 5725 -12072 5580319 5923027 232693 281059 1177 13309 145 174 5814334 6217569 0 0 0 0 2461554 2637912 0 0 0 3285208 3425074 5746762 6062986 67572 154583 1962876 2188898 490751 562190 1472125 1626708 TO ENCOURAGE, PROMOTE AND STIMULATE CONVENTION, TOURISM AND VISITOR INDUSTRIES. 0 0 2761636 181245 CONVENTION- PRIMARY DIRECTIVE TO SELL AND MARKET ALBUQUERQUE AS A DESTINATION BY BRINGING CONVENTIONS AND MEETINGS TO ALBUQUERQUE. INCLUDES SERVICING OF THOSE CONVENTIONS. 1694286 94263 TOURISM AND VISITOR SERVICES - PRIMARY DIRECTIVE TO INCREASE TOURISM AND VISITORS TO ALBUQUERQUE. INCLUDES SUPPORTING VISITOR QUESTIONS/INQUIRIES AND FULFILLMENT OF VISITOR GUIDES 331538 0 COMMUNICATIONS - ARRANGES MEDIA FAMILIARIZATION TOURS, SITE VISITS AND INFORMATION KITS TO, AGAIN, SELL AND MARKET ALBUQUERQUE AS A DESTINATION. 4787460 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 0 1 49 0 1 51 1 1 1 0 0 0 0 0 X 21 21 1 0 0 0 1 1 0 1 1 0 0 0 1 0 1 1 1 1 0 0 X VALARIE LIND CPA 5058481163 20 FIRST PLAZA ALBUQUERQUE NM 87102 JAMES BECKLEY 2.00 X 0 0 0 LEWIS DAWLEY 2.00 X 0 0 0 ERIC ROSSENA 2.00 X 0 0 0 AUGUSTA MEYERS 2.00 X 0 0 0 BOB MURPHY 2.00 X 0 0 0 JIM WALTHER 2.00 X 0 0 0 MARK GUNDLACH 2.00 X 0 0 0 STEVE HIATT 2.00 X 0 0 0 REGINA CHAVEZ 2.00 X 0 0 0 JULIA MIERA 2.00 X 0 0 0 LAURA KESSELMAN 2.00 X 0 0 0 GEORGE TRUJEQUE 2.00 X 0 0 0 CYNTHIA FRESQUEZ 2.00 X 0 0 0 DEBBIE O'MALLEY 2.00 X 0 0 0 BRAD WINTER 2.00 X 0 0 0 STEVE SCHROEDER 2.00 X 0 0 0 ROBERT PERRY 2.00 X 0 0 0 MILT MCCONNELL 2.00 X 0 0 0 JESSE HERRON 2.00 X 0 0 0 RICH LUNDT 2.00 X 0 0 0 CHARLES WALTER 2.00 X 0 0 0 KIERSTEN OWEN 2.00 X 0 0 0 DAVID HELGESEN 2.00 X 0 0 0 DIANE SOUDER 2.00 X 0 0 0 PAUL SMITH 2.00 X 0 0 0 JIM HINDE 2.00 X 0 0 0 TINA MARCELLI 2.00 X 0 0 0 CHAD HENDERSON 2.00 X 0 0 0 BOB DODSON 2.00 X 0 0 0 SUHEIL KARE 2.00 X 0 0 0 TODD WALTERS 2.00 X 0 0 0 KRISTIN KAUTZ 2.00 X 0 0 0 DANIEL KUPERSCHMID 2.00 X 0 0 0 ROY JOHNSON 2.00 X 0 0 0 TRACIE JERNIGAN 2.00 X 0 0 0 DON HARRIS 2.00 X 0 0 0 BRIAN MORRIS 2.00 X 0 0 0 DALE LOCKETT 50.00 X 151246 0 15750 JONI THOMPSON 50.00 X 111829 0 9554 TANIA ARMENTA 50.00 X 88138 0 3944 ELISE ROGERS 50.00 X 69062 0 8647 ROB ENRIQUEZ 50.00 X 95516 0 15637 VALERIE LIND 50.00 X 3549 0 0 519340 0 53532 2 0 1 0 MCKEE WALLWORK CLEVELAND 1030 18TH ST NW ALBUQUERQUE NM 87104 ADVERTISING 889285 ARISTOTLE INC 401 W CAPITOL STE 700 LITTLE ROCK AR 72201 WEB DEVELOPMENT, MARKETING & HOSTING 196340 ESPN INC 13057 COLLECTIONS CTR D CHICAGO IL 60693 SPONSORSHIP FOR NM BOWL 189000 3 489908 5418000 15119 5923027 EVENT HOSTING/PART. 900099 173173 173173 OTHER INCOME 900099 57570 57570 STATE OF NM GRANTS TO 900099 44591 44591 ADVERTISING 541800 5725 5725 281059 231 231 13078 0 13078 13078 13078 174 0 174 174 6217569 275508 5725 13309 519340 1642058 91230 218897 166387 64630 1258691 168516 217141 130348 17840 94238 16447 MARKETING 1226236 TRAINING AND EDUCATION 90163 BAD DEBT PROVISION 72151 RENTAL AND MAINTENANCE 59400 9273 6062986 1103942 1446532 388563 288592 151923 125255 2850 2850 163629 155202 1375605 1224718 107089 150887 2942 2400 41938 17180 1962876 2188898 264512 327548 226239 234642 490751 562190 X 1472125 1626708 1472125 1626708 1962876 2188898 154583 0 X X 0 1 1 X 0 RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 41574 41574 0 1310125 1177832 132293 23906 5312 18594 150887 6217569 6062986 154583 154583 6756255 538686 538686 6217569 0 6217569 6601673 538686 1 538687 6062986 0 6062986 DESCRIPTION OF UNCERTAIN TAX POSITIONS UNDER FIN 48: PART X: 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, 2012, 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. PART XIII, LINE 2D - OTHER ADJUSTMENTS: ROUNDING 1. X X X 0 0 0 DALE LOCKETT 143146 0 0 0 8100 0 14000 0 1750 0 166996 0 0 0 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 ALL DOCUMENTS ARE AVAILABLE FOR PUBLIC INSPECTION BY REQUEST. THE VP OF FINANCE/ADMINISTRATION MAINTAINS DOCUMENTS, REVIEWS AND RESPONDS TO REQUESTS. IN ADDITION, AUDITED FINANCIAL STATEMENTS ARE POSTED ON ORGANIZATION'S WEBSITE. AUDIT AND FINANCE COMMITTEE FORM 990, PART XI, LINE 2C: THERE WAS NO CHANGE IN THE AUDIT OVERSIGHT OR SELECTION PROCESS DURING THE TAXABLE YEAR. 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.