2012-03-01T10:49:03-06:00 2011-06-30 CLIFTONLARSONALLEN LLP 500 MARQUETTE NW SUITE 800 ALBUQUERQUE NM 87102 990 2010-07-01 850285280 ALBUQUERQUE CONVENTION & VISITORS BUREAU ALBU 5058481163 20 FIRST PLAZA SUITE 601 ALBUQUERQUE NM 87102 DALE LOCKETT 5058481163 2012-03-01 1 STEPHEN E LIVINGSTON CPA 5058428290 2010 2016-02-24 21:20:13Z DALE LOCKETT 20 FIRST PLAZA SUITE 601 ALBUQUERQUE NM 87102 5814334 0 X WWW.ITSATRIP.ORG X 1980 NM TO STIMULATE ECONOMIC DEVELOPMENT BY MARKETING ALBUQUERQUE AS A DESTINATION FOR MEETINGS, CONVENTIONS AND LEISURE TRAVEL. 23 23 43 115 8200 -9293 5484794 5580319 322264 232693 5042 1177 306 145 5812406 5814334 0 0 0 0 2478792 2461554 0 0 0 3312154 3285208 5790946 5746762 21460 67572 2013168 1962876 608615 490751 1404553 1472125 TO ENCOURAGE, PROMOTE AND STIMULATE CONVENTION, TOURISM AND VISITOR INDUSTRIES. 0 0 CONVENTION- TO PROVIDE, ENCOURAGE, AND STIMULATE CONVENTIONS IN THE CITY OF ALBUQUERQUE; ACCOMPLISHMENTS ARE MEASURED BY BOOKINGS AND EVENTS HELD. TOURISM AND VISITOR SERVICES - TO PROMOTE, ENCOURAGE, AND STIMULATE LEISURE TRAVEL IN THE CITY OF ALBUQUERQUE; ACCOMPLISHMENTS ARE MEASURED BY HOTEL ROOM NIGHTS AND INQUIRIES. COMMUNICATIONS - TO INCREASE PUBLIC AWARENESS OF ALBUQUERQUE AS A CONVENTION AND VISITORS' DESTINATION IN SUPPORT OF SALES AND MARKETING EFFORTS BY ALL DIVISIONS USING AN INTEGRATED MARKETING COMMUNICATIONS APPROACH. 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 44 0 1 43 1 1 1 0 0 0 0 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 VALARIE LIND CPA 5058481163 20 FIRST PLAZA ALBUQUERQUE NM 87102 ERIC ROSSENA 2.00 X 0 0 0 DANIEL KUPERSCHMID 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 ROY JOHNSON 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 ADRIAN PEREZ 2.00 X 0 0 0 MILT MCCONNELL 2.00 X 0 0 0 STEVE PATERNOSTER 2.00 X 0 0 0 SCOTT APPELMAN 2.00 X 0 0 0 SALLY LANE 2.00 X 0 0 0 JIM BECKLEY 2.00 X 0 0 0 DIANE SOUDER 0.00 X 0 0 0 PAUL SMITH 0.00 X 0 0 0 LEW DAWLEY 0.00 X 0 0 0 BRIAN MORRIS 0.00 X 0 0 0 BOB DODSON 0.00 X 0 0 0 SUHEIL KARE 0.00 X 0 0 0 CRAIG SWAGERTY 0.00 X 0 0 0 JIM HINDE 0.00 X 0 0 0 LINDA WEDEEN 0.00 X 0 0 0 DAVID CAMPBELL 0.00 X 0 0 0 DEBBIE O'MALLEY 0.00 X 0 0 0 BRAD WINTER 0.00 X 0 0 0 TRACIE JERNIGAN 0.00 X 0 0 0 RON SOLIMON 2.00 X 0 0 0 CHAD HENDERSON 0.00 X 0 0 0 ROBERT PERRY 0.00 X 0 0 0 DALE LOCKETT 50.00 X X X 160434 0 13657 JONI THOMPSON 50.00 X 104921 0 11317 TANIA ARMENTA 50.00 X 85511 0 10256 ELISE ROGERS 50.00 X 68781 0 9640 LARRY ATCHISON 50.00 X 75792 0 20150 ROB ENRIQUEZ 50.00 X 14100 0 1080 509539 0 66100 2 0 1 0 MCKEE WALLWORK CLEVELAND 1030 18TH ST NW ALBUQUERQUE NM 87104 ADVERTISING 923407 FIRST GALERIA PLZ 320 GOLD AVE SW STE 800 ALBUQUERQUE NM 87102 OFFICE SPACE RENTAL 218342 ARISTOTLE INC 401 W CAPITOL STE 700 LITTLE ROCK AR 72201 WEB DEVELOPMENT, MARKETING & HOSTING 198803 LOVELACE HEALTH PLAN PO BOX 53588 PHOENIX AZ 85072 EMPLOYEE MEDICAL INSURANCE 185030 ESPN INC 13057 COLLECTIONS CTR D CHICAGO IL 60693 SPONSORSHIP FOR NM BOWL 180000 5 495576 5066000 18743 5580319 EVENT HOSTING/PART. 900099 211030 211030 OTHER INCOME 900099 13463 13463 ADVERTISING 541800 8200 8200 232693 1177 1177 145 145 145 5814334 224638 8200 1177 509539 1533571 48618 213457 156369 57341 1175356 170926 230501 114563 16087 111919 15849 MARKETING 1179223 BAD DEBT PROVISION 80960 TRAINING AND EDUCATION 78920 RENTAL AND MAINTENANCE 46664 6899 5746762 1158920 1103942 388519 388563 187591 151923 2850 2850 101252 163629 1315379 1208290 137209 107089 3485 2942 33342 41938 2013168 1962876 366928 264512 241687 226239 608615 490751 X 1404553 1472125 1404553 1472125 2013168 1962876 67572 0 X X 0 1 1 X 0 RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 41575 41575 0 1261081 1153992 107089 12723 12723 0 107089 5814334 5746762 67572 0 67572 6348212 533878 533878 5814334 0 5814334 6280640 533878 533878 5746762 0 5746762 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, 2011, 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 143646 0 8688 0 8100 0 8954 0 4703 0 174091 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. 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 INCLUDE 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 CFO 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.