2023-11-06T08:51:44-06:00 2022-12-31 231980475 KREISCHER MILLER 100 WITMER ROAD SUITE 350 HORSHAM PA 190442369 990 2022-01-01 232986440 VALLEY FORGE TOURISM AND CONVENTION BOARD VALL 6108347970 1000 FIRST AVENUE 101 KING OF PRUSSIA PA 19406 MICHAEL BOWMAN PRESIDENT/CEO 6108347970 2023-11-03 1 MICHAEL BOWMAN XXX-XX-XXXX 0 CHRISTOPHER M PEKULA P00734965 2154414600 2 AAL1 IAL1 2022 2023-04-26 12:10:37Z MICHAEL BOWMAN 1000 FIRST AVENUE 101 KING OF PRUSSIA PA 19406 8780108 0 X WWW.VALLEYFORGE.ORG X 1999 PA SEE SCHEDULE O 12 12 34 17 0 0 833322 33042 8486866 8696858 16205 22405 484 0 9336877 8752305 0 0 0 0 2087940 2497885 0 0 0 6172605 6231709 8260545 8729594 1076332 22711 5553675 5927993 755807 1116351 4797868 4811642 SEE PAGE 1. LINE 1. 0 0 8249836 8719263 THE ORGANIZATION FUNCTIONS AS A NON-PROFIT MEMBERSHIP SALES AND MARKETING ORGANIZATION WHICH PROMOTES MONTGOMERY COUNTY, PA AND VALLEY FORGE AREAS AS A CONVENTION SITE AND LEISURE VISITOR DESTINATION. THE BUREAU REPRESENTED MORE THAN 500 MEMBER BUSINESSES AND PROMOTES PATRONAGE OF AREA HOTELS, RESTAURANTS, ATTRACTIONS AND SERVICES. THE BUREAU IS GOVERNED BY A 12 MEMBER TOURIST ADVISORY BOARD OF COUNTY HOSPITALITY INDUSTRY, BUSINESS AND CIVIC LEADERS WHO SERVE WITHOUT PAY AND ARE APPOINTED BY MONTGOMERY COUNTY GOVERNMENT. FUNDING FOR THE BUREAU ACTIVITIES IS PROVIDED BY A 4% COUNTY HOTEL ROOM TAX AND MEMBERSHIP DUES. 8249836 0 0 0 0 0 0 0 0 0 1 0 0 1 0 1 1 0 0 0 0 0 0 0 1 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 1 0 0 1 0 0 34 1 0 0 0 0 0 0 0 0 X 12 12 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 PA X THE ORGANIZATION 6108347960 1000 FIRST AVENUE SUITE 101 KING OF PRUSSIA PA 19406 AL ZONE DIRECTOR 1.00 X 0 0 0 CHRISTOPHER MOLINEAUX DIRECTOR 1.00 X 0 0 0 ELIZABETH MOY DIRECTOR - SECRETARY 1.00 X X 0 0 0 ERIC C DAVIES DIRECTOR 1.00 X 0 0 0 GLORIA OIKELOME DIRECTOR 1.00 X 0 0 0 KRISTOFER J FAIR DIRECTOR - TREASURER 1.00 X X 0 0 0 RICHARD ODORISIO DIRECTOR - CHAIRMAN 1.00 X X 0 0 0 ROSALYN FENNELL EX-OFFICIO 1.00 X 0 0 0 TIM BRIGGS DIRECTOR - VICE CHAIRMAN 1.00 X X 0 0 0 TOM SHIRES DIRECTOR 1.00 X 0 0 0 ROBERT C HART DIRECTOR 1.00 X 0 0 0 DEDREN BAILEY DIRECTOR 1.00 X 0 0 0 HOWARD BROWN DIRECTOR 1.00 X 0 0 0 JAKE MARKEZIN EXECUTIVE DIRECTOR OF OPER 50.00 X 148468 0 5989 LISA KARL VICE PRESIDENT OF SALES 50.00 X 193131 0 8025 MICHAEL BOWMAN CEO 50.00 X 393695 0 35125 JUSTINE BELYUS EMPLOYEE 50.00 X 109172 0 4905 RACHEL RILEY EMPLOYEE 50.00 X 108430 0 4905 JONATHAN SCHEUREN EMPLOYEE 50.00 X 105764 0 4415 1058660 0 63364 6 0 1 0 0 33042 33042 MONTGOMERY COUNTY ROOM 900099 8435063 8435063 CO-OP PROJECTS 900099 153387 153387 MEMBERSHIP DUES 900099 108408 108408 8696858 22405 22405 27803 33042 27803 0 8752305 8719263 0 0 784433 652080 132353 1193663 977321 216342 76914 76914 355859 355859 87016 87016 9171 9171 119729 119729 132846 132846 5232999 5232999 40401 40401 142167 142167 290213 272075 18138 23069 23069 7221 7221 98382 92233 6149 26735 26735 AUTO EXPENSE 29362 29362 0 OFFICE OPERATIONS 22064 22064 0 EMPLOYEE RELATIONS 20899 1139 19760 EQUIPMENT RENTAL 18912 18912 0 17539 17539 8729594 8249836 479758 0 500 7703 4192187 3815947 981729 1356535 195777 129463 790357 575516 183482 214841 0 403504 5553675 5927993 685844 1080311 19725 36040 50238 0 755807 1116351 X 4797868 4811642 4797868 4811642 5553675 5927993 22711 -8937 0 X X 0 1 X 1 0 255121 184948 70173 535236 390568 144668 214841 RIGHT-OF-USE ASSET ON OPERATING LEASES 403504 403504 X 8743368 -8937 -8937 8752305 0 8752305 8729594 0 8729594 0 8729594 PART X, LINE 2: THE BOARD IS TAX EXEMPT. CONSEQUENTLY THE BOARD FILES FEDERAL FORM 990 AND HAS NOT FILED A FORM 990T. WITH FEW EXCEPTIONS, THE BOARD IS NO LONGER SUBJECT TO U.S. FEDERAL OR STATE AND LOCAL INCOME TAX EXAMINATIONS BY TAX AUTHORITIES FOR YEARS BEFORE 2018. IT IS DIFFICULT TO PREDICT THE FINAL TIMING AND RESOLUTION OF ANY PARTICULAR UNCERTAIN TAX POSITION. THE BOARD DOES NOT CURRENTLY ANTICIPATE SIGNIFICANT CHANGES IN ITS UNCERTAIN TAX POSITIONS OVER THE NEXT 12 MONTHS. VALLEY FORGE 5-MILE RUN 60845 33042 27803 27803 60845 33042 27803 27803 27803 0 X X 0 0 0 MICHAEL BOWMAN CEO 282795 0 110900 0 0 0 7375 0 27750 0 428820 0 0 0 LISA KARL VICE PRESIDENT OF SALES 161931 0 31200 0 0 0 8025 0 0 0 201156 0 0 0 JAKE MARKEZIN EXECUTIVE DIRECTOR OF OPER 113468 0 35000 0 0 0 5989 0 0 0 154457 0 0 0 FORM 990, PART I, LINE 1, DESCRIPTION OF ORGANIZATION MISSION: TO STRENGTHEN ECOMONIC PROSPERITY WITHIN MONTGOMERY COUNTY, PENNSYLVANIA, BY RAISING ITS VISIBILITY AS A TOURISM DESTINATION FOR LEISURE AND CONVENTION MARKETS. THE PEOPLE OF THE VALLEY FORGE TOURISM AND COVENTION BOARD WORK EACH DAY TO INSPIRE VISITORS TO DISCOVER AND EXPLORE OUR NATURAL, CULTURAL AND HISTORIC ASSETS. ULTIMATELY INCREASING ROOM NIGHTS FOR OUR WORLD-CLASS HOTELS AND DRIVING REVENUE IN OUR MEMBER AND PARTNER BUSINESSES. FORM 990, PART VI, SECTION B, LINE 11B THE PRESIDENT/CEO WILL REVIEW WITH THE BOARD AT A BOARD OF DIRECTORS MEETING PRIOR TO FILING. FORM 990, PART VI, SECTION B, LINE 12C THE ORGANIZATION REGULARLY AND CONSISTENTLY MONITORS AND ENFORCES COMPLIANCE WITH THE CONFLICT OF INTEREST POLICY BY DISCUSSING IT AT BOARD MEETINGS ANNUALLY. FORM 990, PART VI, SECTION B, LINE 15 THE VALLEY FORGE CVB PARTICIPATES IN ANNUAL COMPENSATION REVIEW FOR ALL POSITIONS IN THE COMPANY, INCLUDING THE HIGHLY COMPENSATED EMPLOYEES; COMPENSATION IS COMPARED TO THE INDUSTRY AND RESULTS ARE REVIEWED TO MAKE SURE THE ORGANIZATION IS IN LINE WITH INDUSTRY STANDARDS FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION MAKES ITS GOVERNING DOCUMENTS AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC UPON REQUEST. FORM 990, PART XII, LINE 2C THE PROCESS HAS NOT CHANGED FROM THE PRIOR YEAR. MONTGOMERY COUNTY GOVERNMENT NORRISTOWN PA 19401 COUNTY GOVERNMENT PA 501(C)(1) 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0