2012-11-07T10:07:06-06:00 2011-12-31 721202445 POSTLETHWAITE & NETTERVILLE ONE GALLERIA BLVD SUITE 2100 METAIRIE LA 70001 990 2011-01-01 720540607 NEW ORLEANS CONVENTION & VISITORS BUREAU NEWO 5045665011 2020 ST CHARLES AVE NEW ORLEANS LA 70130 J STEPHEN PERRY 5045665011 2012-10-29 1 SHARON CASSIERE P00543368 5048375990 2011 2016-02-24 21:20:13Z J STEPHEN PERRY 2020 ST CHARLES AVE NEW ORLEANS LA 70130 11447479 0 X WWW.NEWORLEANSCVB.COM X 1960 LA DEVELOPING AND MARKETING THE NEW ORLEANS REGION AS THE PREMIER CONVENTION AND VISITOR DESTINATION. 24 24 319 0 67101 0 14697684 1409569 1156250 9822260 216489 215650 0 0 16070423 11447479 0 0 0 0 6076029 6537440 0 0 0 10101659 6002244 16177688 12539684 -107265 -1092205 32356738 31200651 1068753 1739726 31287985 29460925 X THE MISSION OF THE NEW ORLEANS CONVENTION & VISITORS BUREAU IS TO CREATE VIBRANT ECONOMIC GROWTH BY DEVELOPING AND MARKETING THE NEW ORLEANS REGION AS THE PREMIER VISITOR DESTINATION... INVOLVING AND LEADING THE DIVERSE ELEMENTS OF THE HOSPITALITY INDUSTRY AND THE COMMUNITY. 0 0 CONVENTION SALES, SERVICES, AND GROUP LEISURE MARKETING:THE BUREAU CONTACTS MANY ASSOCIATIONS AND CORPORATE BUISNESSES TO SOLICIT CONVENTION FACILITIES IN NEW ORLEANS; 880 CONVENTIONS WERE BOOKED BY THE BUREAU IN 2011. THE BUREAU ALSO PROVIDED ASSISTANCE TO 9,937 TRAVEL AGENTS AND 31,812 VISITORS IN 2011. PROMOTIONAL MEDIA:THE BUREAU PRINTS AND DISTRIBUTES BROCHURES AND MAPS WHICH PROVIDE INFORMATION ABOUT THE VARIOUS POINTS OF INTEREST AND EVENTS HAPPENING IN NEW ORLEANS. IN 2011, APPROXIMATELY 996,609 BROCHURES WERE CIRCULATED. ADDITIONALLY, THE BUREAU ASSISTED MEDIA AROUND THE WORLD FOR A TOTAL RESULT OF 1,074 ASSISTED IN 2011. MEMBERSHIP PROMOTION:THE BUREAU CONDUCTS PROMOTIONAL ACTIVITIES THROUGHOUT THE YEAR TO ATTRACT ADDITIONAL MEMBERS. THE TOTAL MEMBERSHIP FOR 2011 WAS 1,075. 0 0 0 1 0 0 0 0 0 1 0 0 0 1 1 0 1 0 1 1 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 1 80 0 1 319 1 1 1 0 0 0 1 1 0 X 24 24 0 0 0 0 1 1 0 1 1 0 0 1 1 1 1 1 1 1 1 0 X TAMMIE BOTELER 5045665094 2020 ST CHARLES AVE NEW ORLEANS LA 70130 IFTIKHAR AHMAD 1.50 X 0 0 0 DARRYL BERGER 1.50 X 0 0 0 KATY CASBARIAN 1.50 X 0 0 0 GERRY CVITANOVICH 1.50 X 0 0 0 RONALD MARKHAM 1.50 X 0 0 0 RUSSELL MILLER 1.50 X 0 0 0 JOHN PAYNE 1.50 X 0 0 0 BOB BROWN 1.50 X 0 0 0 AARON DIRKS 1.50 X 0 0 0 RON FORMAN 1.50 X 0 0 0 BONNIE HELMKER 1.50 X 0 0 0 MICHAEL SMITH 1.50 X 0 0 0 GIL ZANCHI 1.50 X 0 0 0 MARTIN DRISKELL 1.50 X 0 0 0 AMY REIMER 1.50 X 0 0 0 MELVIN RODRIGUE 1.50 X 0 0 0 GREGORY RUSOVICH 1.50 X 0 0 0 DOUG THORNTON 1.50 X 0 0 0 STEVE WOODRUFF 1.50 X 0 0 0 BILL MCCREARY 1.50 X X 0 0 0 FRED SAWYERS 1.50 X X 0 0 0 STEVE PETTUS 1.50 X X 0 0 0 AL GROOS 1.50 X X 0 0 0 TERRY EPTON 1.50 X X 0 0 0 J STEPHEN PERRY 60.00 X 394206 0 12137 LINDA NICHOLSON-MOON 50.00 X 176012 0 10917 DONNA KARL 50.00 X 161726 0 12512 KIM PRIEZ 50.00 X 142935 0 4704 STEVE MOELLER 50.00 X 141869 0 10243 SALLEE PAVLOVICH 50.00 X 138338 0 5239 KELLY SCHULZ 50.00 X 118229 0 4040 DONNA GLOVER 50.00 X 116322 0 4040 1389637 0 63832 12 0 1 0 0 1409569 1409569 STATE OF LA - C.E.A.'S 900099 8848425 8848425 REGISTRATION 900099 561925 561925 OTHER REVENUE 900099 178029 178029 INDUSTRY SHOW COST-SHA 900099 166780 166780 ADVERTISING 541800 67101 67101 9822260 215650 215650 11447479 9755159 67101 215650 767509 4815036 559379 395516 96216 104548 2427634 516438 205011 262520 775723 614716 359975 134910 RESEARCH 197224 CLIENT SERVICE INITIATI 157220 FESTIVAL SPONSORSHIPS 76250 DUES AND SUBSCRIPTIONS 66229 7630 12539684 1722442 5916445 3114780 821933 5358320 1906804 62249 67936 330920 518533 15114650 4091982 10983888 11022668 10784139 10946332 32356738 31200651 638305 795075 125680 141950 250000 500000 54768 302701 1068753 1739726 X 24659945 22299350 6628040 7161575 31287985 29460925 32356738 31200651 X -1092205 -734855 X X 0 1 1 X 0 0 0 0 1409569 96216 96216 112766 -16550 3373130 3373130 9167019 2018075 7148944 414693 77352 337341 942082 870068 72014 1217726 1126487 91239 11022668 OTHER ACCRUED LIABILITIES 302701 302701 11447479 12539684 -1092205 -734855 -734855 -1827060 10712624 -734855 -734855 11447479 0 11447479 12539684 0 12539684 0 12539684 DESCRIPTION OF UNCERTAIN TAX POSITIONS UNDER FIN 48: PART X: THE ACCOUNTING STANDARD ON ACCOUNTING FOR UNCERTAINTY IN INCOME TAXES ADDRESSES THE DETERMINATION OF WHETHER TAX BENEFITS CLAIMED OR EXPECTED TO BE CLAIMED ON A TAX RETURN SHOULD BE RECORDED IN THE FINANCIAL STATEMENTS. UNDER THAT GUIDANCE, THE BUREAU MAY RECOGNIZE THE TAX BENEFIT FROM AN UNCERTAIN TAX POSITION ONLY IF IT IS MORE LIKELY THAN NOT THAT THE TAX POSITION WILL BE SUSTAINED ON EXAMINATION BY TAXING AUTHORITIES BASED ON THE TECHNICAL MERITS OF THE POSITION. EXAMPLES OF TAX POSITIONS INCLUDE THE TAX-EXEMPT STATUS OF THE BUREAU AND VARIOUS POSITIONS RELATED TO THE POTENTIAL SOURCES OF UNRELATED BUSINESS TAXABLE INCOME (UBIT). THE TAX BENEFITS RECOGNIZED IN THE FINANCIAL STATEMENTS FROM SUCH A POSITION ARE MEASURED BASED ON THE LARGEST BENEFIT THAT HAS A GREATER THAN 50% LIKELIHOOD OF BEING REALIZED UPON ULTIMATE SETTLEMENT. THERE WERE NO UNRECOGNIZED TAX BENEFITS IDENTIFIED OR RECORDED AS LIABILITIES FOR FISCAL YEAR 2011 AND 2010. THE BUREAU'S TAX RETURNS FOR THE YEARS ENDED DECEMBER 31, 2010, 2009 AND 2008 REMAIN OPEN AND SUBJECT TO EXAMINATION BY TAXING AUTHORITIES. THE TAX RETURN FOR THE YEAR ENDED DECEMBER 31, 2011 HAS NOT BEEN FILED. EUROPE (INCLUDING ICELAND & GREENLAND) 1 3 PROGRAM SERVICES MARKET NEW ORLEANS AS A TOURIST DESTINATION; EXPENDITURES INCLUDE FEES AND OPERATIONAL EXPENSES 564150 NORTH AMERICA 1 1 PROGRAM SERVICES MARKET NEW ORLEANS AS A TOURIST DESTINATION; EXPENDITURES INCLUDE FEES AND OPERATIONAL EXPENSES 152805 2 4 0 0 2 4 716955 0 716955 0 0 0 0 0 0 X X 1 1 X X X X X 0 0 0 J STEPHEN PERRY 324752 0 69454 0 0 0 0 0 12137 0 406343 0 0 0 LINDA NICHOLSON-MOON 155590 0 20422 0 0 0 0 0 10917 0 186929 0 0 0 DONNA KARL 145533 0 16193 0 0 0 0 0 12512 0 174238 0 0 0 STEVE MOELLER 115686 0 26183 0 0 0 0 0 10243 0 152112 0 0 0 PART I, LINE 1A INSURANCE POLICIES PART I, LINE 1B NOCVB COMPENSATION COMMITTEE CHARTER MEMBERSHIP THE COMPENSATION COMMITTEE SHALL CONSIST OF THREE DIRECTORS, ALL OF WHOM HAVE BEEN DETERMINED BY THE BOARD OF DIRECTORS TO BE "INDEPENDENT", AS DEFINED IN THE CHARTER OF THE COMPANY'S AUDIT COMMITTEE. PURPOSE THE PURPOSES OF THE COMPENSATION COMMITTEE ARE TO DISCHARGE THE RESPONSIBILITIES OF THE BOARD OF DIRECTORS RELATING TO COMPENSATION OF THE COMPANY'S CEO AND OTHER EXECUTIVES. DUTIES AND RESPONSIBILITIES THE COMPENSATION COMMITTEE IS DIRECTLY RESPONSIBLE FOR ESTABLISHING ANNUAL AND LONG-TERM PERFORMANCE GOALS AND OBJECTIVES FOR THE CEO. THE COMPENSATION COMMITTEE SHALL HAVE THE RESPONSIBILITY TO: 1. REVIEW AND APPROVE CORPORATE GOALS AND OBJECTIVES RELEVANT TO CEO COMPENSATION, AND EVALUATE THE PERFORMANCE OF THE CEO. 2. REVIEW AND SET THE COMPENSATION OF THE CEO BASED UPON THE EVALUATION, FOCUSING ON: * WHETHER THE CHIEF EXECUTIVE OFFICER IS APPROPRIATELY COMPENSATED. * WHETHER HIS COMPENSATION IS REASONABLY RELATED TO PERSONAL AND CORPORATE PERFORMANCE. * WHETHER SEVERANCE AND POST EMPLOYMENT BENEFITS ARE PROPERLY RELATED TO THE COMPANY'S INTERESTS AND REASONABLE IN AMOUNT. 3. CONSIDER WHETHER THE CEO'S COMPENSATION AND BENEFIT PACKAGE IS APPROPRIATE FOR ATTRACTING AND RETAINING A QUALITY EXECUTIVE FOR THE COMPANY, AND MOTIVATING THE CHIEF EXECUTIVE OFFICER TO ACHIEVE THE OBJECTIVES OF THE COMPANY. 4. THE COMPENSATION COMMITTEE MAY, IN ITS SOLE DISCRETION, PREPARE OR OBTAIN COMPENSATION STUDIES OR SURVEYS OR EMPLOY A COMPENSATION CONSULTANT TO ASSIST IN THE EVALUATION OF THE COMPENSATION OF THE COMPANY'S CHIEF EXECUTIVE OFFICER. THE COMPENSATION COMMITTEE SHALL HAVE THE SOLE AUTHORITY TO APPROVE THE FEES AND OTHER RETENTION TERMS WITH RESPECT TO SUCH A COMPENSATION CONSULTANT. THE COMPENSATION COMMITTEE ALSO HAS THE AUTHORITY, AS NECESSARY AND APPROPRIATE, TO CONSULT WITH OTHER OUTSIDE ADVISORS TO ASSIST IN ITS DUTIES TO THE COMPANY. MEETINGS THE COMPENSATION COMMITTEE SHALL MEET AT LEAST TWICE EACH YEAR AND AT SUCH OTHER TIMES AS IT DEEMS NECESSARY TO FULFILL ITS RESPONSIBILITIES AND SHALL MAKE PERIODIC REPORTS TO THE BOARD OF DIRECTORS, AS APPROPRIATE. FORM 990, PART VI, SECTION A, LINE 6 1.1 ELIGIBILITY FOR ADMISSION. ANY NATURAL PERSON, TRUST, LIMITED LIABILITY COMPANY, PARTNERSHIP, CORPORATION OR OTHER JURIDICAL PERSON IS ELIGIBLE FOR ADMISSION AS A MEMBER OF THE ORGANIZATION. 1.2 ADMISSION TO MEMBERSHIP. ADMISSION TO MEMBERSHIP SHALL BE BY APPLICATION IN ACCORDANCE WITH PROCEDURES FROM TIME TO TIME APPROVED BY THE BOARD OF DIRECTORS AND UPON PAYMENT OF DUES ASSESSED. THE EXECUTIVE COMMITTEE MAY DENY ADMISSION TO MEMBERSHIP TO ANY APPLICANT THAT THE COMMITTEE REASONABLY BELIEVES TO HAVE INTERESTS THAT, ON THE WHOLE, ARE NOT SUBSTANTIALLY ALIGNED WITH THE INTERESTS OF THE TOURISM, HOSPITALITY, SPECIAL EVENTS, SPORTS, ENTERTAINMENT AND OTHER RELATED INDUSTRIES IN THE PARISHES OF ORLEANS, JEFFERSON, ST. BERNARD, ST. CHARLES, ST. TAMMANY, PLAQUEMINES OR ST. JOHN THE BAPTIST (THE "GREATER NEW ORLEANS AREA"). 1.3 DUES AND ASSESSMENTS. THE BOARD OF DIRECTORS SHALL FIX BY RESOLUTION THE AMOUNT, DUE DATES AND METHODS OF PAYMENT OF THE DUES AND THE ASSESSMENTS TO BE PAID BY THE MEMBERS TO THE ORGANIZATION. 1.4 AFFILIATES. A PERSON IS ELIGIBLE TO BE A MEMBER ONLY FOR SO LONG AS ALL OTHER ENTITIES THAT ARE (I) OWNED, CONTROLLED OR MANAGED BY OR UNDER COMMON OWNERSHIP OR MANAGEMENT WITH THE MEMBER AND (II) ARE ENGAGED IN OPERATING ONE OR MORE RESTAURANTS, HOTELS OR OTHER HOSPITALITY COMPANIES IN THE GREATER NEW ORLEANS AREA ("AFFILIATES") ARE MEMBERS IN GOOD STANDING. FOR THESE PURPOSES, "CONTROL" MEANS THE ABILITY TO INFLUENCE MANAGEMENT IN THE DAY-TO-DAY OPERATION OF A BUSINESS. THIS PROVISION SHALL BE CONSTRUED TO ACCOMPLISH ITS PRINCIPAL PURPOSE OF ASSURING THAT ALL AFFILIATED PARTIES IN A POSITION TO BENEFIT FROM MEMBERSHIP SHOULD BE MEMBERS IN PROPORTION TO THAT POTENTIAL BENEFIT. ALL PERSONS THAT ARE PART OF A GROUP WHOSE MEMBERS SHARE OR APPEAR LIKELY TO SHARE MARKETING INFORMATION WITH ONE ANOTHER MUST BE MEMBERS IF ANYONE OF THEM IS A MEMBER. FOR EXAMPLE, HOTELS AND RESTAURANTS THAT ARE UNDER COMMON MANAGEMENT SHALL BE CONSIDERED TO BE PART OF SUCH A GROUP AND, THEREFORE, TO BE AFFILIATES; WHILE HOTELS OR RESTAURANTS OPERATED AS SEPARATE FRANCHISES UNDER THE SAME FLAG WOULD NOT. 1.5 DISCIPLINARY PROCEDURES. THE BOARD OF DIRECTORS SHALL AT ALL TIMES MAINTAIN IN EFFECT A STATEMENT OF DISCIPLINARY PROCEDURES CONCERNING STANDARDS AND PROCEDURES FOR IMPOSITION OF SANCTIONS, INCLUDING SUSPENSION AND EXPULSION, BY THE EXECUTIVE COMMITTEE AGAINST MEMBERS FOR NONPAYMENT OF DUES AND OTHER ACTS AND OMISSIONS THE BOARD IDENTIFIES IN THE STATEMENT OF DISCIPLINARY PROCEDURES AS INIMICAL TO THE INTERESTS OF THE ORGANIZATION OR THE INDUSTRY. UNLESS THE EXECUTIVE COMMITTEE EXPRESSLY PROVIDES OTHERWISE, SUSPENSION OR EXPULSION OF A MEMBER SHALL AUTOMATICALLY EFFECT THE SUSPENSION OR EXPULSION, AS THE CASE MAY BE, OF ALL THE MEMBER'S AFFILIATES. 1.6 REINSTATEMENT. THE EXECUTIVE COMMITTEE, IN ITS DISCRETION, MAY RE-ADMIT AN EXPELLED MEMBER AT ANY TIME EXCEPT THAT AN EXPELLED MEMBER AND ITS AFFILIATES SHALL BE INELIGIBLE FOR RE-ADMISSION FOR A TWO YEAR PERIOD FOLLOWING EXPULSION IN THE FOLLOWING CIRCUMSTANCES: (I) A MEMBER THAT HAS BEEN EXPELLED MORE THAN ONCE FOR NON-PAYMENT OF DUES OR ASSESSMENTS AND (II) A MEMBER THAT HAS BEEN EXPELLED FOR ANY REASON OTHER THAN NON-PAYMENT OF DUES. RE-ADMISSION SHALL BE BY APPLICATION ONLY AND SHALL BE GOVERNED BY SECTION 1.2. FORM 990, PART VI, SECTION A, LINE 7A VOTING. EACH MEMBER IN GOOD STANDING IS ENTITLED TO ONE VOTE. THE MEMBERS MUST VOTE BY BALLOT. A MAJORITY OF THE VOTES CAST AT ANY MEETING AT WHICH A QUORUM IS PRESENT SHALL SUFFICE TO CONSTITUTE THE APPROVAL OR OTHER ACTION OF THE MEMBERS. FORM 990, PART VI, SECTION B, LINE 11 UPON COMPLETION OF THE TAX RETURN BY THE AUDITING FIRM, A DRAFT IS SUBMITTED TO THE BUREAU FOR REVIEW. AFTER A THOROUGH REVIEW IS COMPLETED INTERNALLY AND CLEARING OF ALL QUESITONS AND ANSWERS, THE AUDIT COMMITTEE IS CONVENED. A DRAFT OF THE TAX RETURN IS THEN REVIEWED IN DEPTH WITH THE AUDIT COMMITTEE PRIOR TO BEING FILED. FORM 990, PART VI, SECTION B, LINE 12C FORMS SIGNED ANNUALLY; MEMBERS WITH POTENTIAL CONFLICTS ARE NOT ALLOWED TO VOTE ON ISSUES PERTAINING TO THEIR POTENTIALLY CONFLICTED AREA OF INTEREST. FORM 990, PART VI, SECTION B, LINE 15 PERIODIC SURVEYS AND COMPARABLE DATA OBTAINED FROM A THIRD PARTY USED TO ESTABLISH COMPENSATION. FORM 990, PART VI, SECTION C, LINE 19 THE BUREAU MAKES ITS GOVERNING DOCUMENTS AND CONFLICT OF INTEREST POLICY AVAILABLE TO THE PUBLIC UPON REQUEST, AND THEIR FINANCIAL STATEMENTS ARE PUBLIC RECORD AND CAN BE OBTAINED THROUGH THE LOUISIANA LEGISLATIVE AUDITOR. CHANGES IN NET ASSETS OR FUND BALANCES: FORM 990, PART XI, LINE 5: NET UNREALIZED LOSSES ON INVESTMENTS: -734,855. FORM 990, PART XII, LINE 2C: NO CHANGE FROM PRIOR YEAR WELCOME CENTER BUILDING LLC 2020 ST CHARLES AVE NEW ORLEANS LA 70130 522182916 TO MANAGE THE PROPERTY AT THE LOCATION OF THE BUREAU'S OPERATING CENTER LA 9948983 N/A