2024-07-18T09:13:36-05:00 2023-09-30 390758449 WIPFLI LLP 170 N RADNOR-CHESTER RD SUITE 200 RADNOR PA 19087 990 2022-10-01 232847538 GREATER PHILADELPHIA TOURISM MARKETING CORPORATION GREA 2155990231 2005 MARKET STREET 3700 PHILADELPHIA PA 19103 CINDY RAY TREASURER & CFO 2155990231 2024-07-11 1 CINDY RAY 999009999 1 SOLOMON MARDAKHAEV P01806552 6105653930 2024-07-11 2 AAL1 IAL1 2022 2023-04-26 12:10:37Z X VISIT PHILADELPHIA ANGELA VAL 2005 MARKET STREET 3700 PHILADELPHIA PA 19103 19412592 0 X VISITPHILLY.COM X 1996 PA VISIT PHILADELPHIA IS OUR NAME AND OUR MISSION. AS THE REGION'S OFFICIAL TOURISM MARKETING AGENCY, WE BUILD GREATER PHILADELPHIA'S IMAGE, DRIVE VISITATION AND BOOST THE ECONOMY. 17 16 38 16 0 0 13067172 18608626 373482 447820 53925 356095 57 51 13494636 19412592 0 0 0 0 3721009 4741862 0 0 185710 8845051 11441791 12566060 16183653 928576 3228939 13354833 15187316 5571733 3734009 7783100 11453307 X VISIT PHILADELPHIA IS OUR NAME AND OUR MISSION. AS THE REGION'S OFFICIAL TOURISM MARKETING AGENCY, WE BUILD GREATER PHILADELPHIA'S IMAGE, DRIVE VISITATION AND BOOST THE ECONOMY. 0 0 13728097 0 447820 VISIT PHILADELPHIA, THE REGION'S OFFICIAL TOURISM MARKETING AGENCY, BUILDS GREATER PHILADELPHIA'S IMAGE, DRIVES VISITATION AND BOOSTS THE ECONOMY. 2023 CONTINUED TO BE A YEAR OF STRONG RESURGENCE FOR THE TOURISM INDUSTRY. WE LAUNCHED A BRAND-NEW CAMPAIGN, "COME FOR PHILADELPHIA. STAY FOR PHILLY.," TO DRIVE DAY AND OVERNIGHT VISITATION. WE WERE AS COMMITTED AS EVER TO DIVERSITY MARKETING, WITH THE DEBUT OF OUR IN PURSUIT OF A MORE PERFECT UNION SERIES, FOCUSED ON HISTORY AND HERITAGE MONTHS. WE ROLLED OUT A NEW 3-DAY STAY HOTEL PACKAGE, WHICH ALLOWS VISITORS TO STAY TWO NIGHTS AND GET THE THIRD NIGHT FREE. WE EARNED HIGH-PROFILE ACCOLADES THAT HELPED BUILD PHILADELPHIA'S IMAGE NATIONALLY AND DRIVE CIVIC PRIDE LOCALLY. AND WE CONTINUED TO PARTNER WITH LOCAL, REGIONAL AND NATIONAL ORGANIZATIONS TO TOUT GREATER PHILADELPHIA AS A GREAT PLACE TO VISIT ALL THE WHILE REMAINING A MAJOR PRESENCE ONLINE, ON SOCIAL MEDIA AND IN THE PRESS. IN 2023, GREATER PHILADELPHIA WELCOMED 42.9 MILLION VISITORS AND SUPPORTED 187,600 HOSPITALITY-RELATED JOBS. VISIT PHILADELPHIA'S MARKETING PROGRAM GENERATED 374 MILLION AD IMPRESSIONS, 14.2 MILLION PAGEVIEWS ON VISITPHILLY.COM, 35 MILLION SOCIAL MEDIA IMPRESSIONS AND PLACED/TRACKED 2,600+ PHILADELPHIA STORIES. 13728097 1 1 0 1 0 0 0 0 0 0 1 0 0 1 1 1 1 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 1 74 0 38 1 0 0 0 0 0 0 0 0 0 0 0 0 X 17 16 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 PA X CINDY RAY 2155990231 2005 MARKET STREET SUITE 3700 PHILADELPHIA PA 19103 ANGELA VAL PRESIDENT & CEO (FROM JUNE) 55.00 X X 173914 0 16919 NEIL FRAUENGLASS CHIEF MARKETING OFFICER 50.00 X 257166 0 43808 RACHEL FERGUSON CHIEF INNOVATION & GLOBAL OFFICER (THRU MAR) 50.00 X 231114 0 41164 TRINO BOIX CHIEF OPERATING OFFICER 50.00 X 160598 0 7720 MICHAEL NEWMUIS CHIEF OF EXTERNAL AFFAIRS (THRU MARCH) 50.00 X 159205 0 15911 CINDY RAY TREASURER & CFO (FROM AUG) 50.00 X 73796 0 10393 MANUEL N STAMATAKIS CHAIRMAN 2.00 X X 0 0 0 ROBERT W BOGLE VICE CHAIR 1.00 X X 0 0 0 RHONDA R COHEN ESQUIRE VICE CHAIR 1.00 X X 0 0 0 JAMES ADAMSON BOARD MEMBER 1.00 X 0 0 0 REGINALD ARCHAMBAULT BOARD MEMBER 1.00 X 0 0 0 DARWIN BEAUVAIS BOARD MEMBER 1.00 X 0 0 0 ANTHONY CONTI BOARD MEMBER 1.00 X 0 0 0 JAMES D SCHULTZ BOARD MEMBER 1.00 X 0 0 0 WENDY HAMILTON BOARD MEMBER 1.00 X 0 0 0 SHEILA HESS BOARD MEMBER 1.00 X 0 0 0 HONORABLE JAMES F KENNEY BOARD MEMBER 1.00 X 0 0 0 OBRA KERNODLE BOARD MEMBER 1.00 X 0 0 0 KEVIN MURNANE BOARD MEMBER 1.00 X 0 0 0 BRET PERKINS BOARD MEMBER 1.00 X 0 0 0 TONY SORRENTINO BOARD MEMBER 1.00 X 0 0 0 RICHARD W VAGUE BOARD MEMBER 1.00 X 0 0 0 1055793 0 135915 5 0 1 0 US INTERNATIONAL MEDIA LLC 3415 S SEPULVEDA BLVD 8TH FLOOR LOS ANGELES CA 90034 MEDIA BUYING SERVICE 4320661 CASHMAN & ASSOCIATES 232 N 2ND ST PHILADELPHIA PA 19106 PUBLIC RELATIONS 256321 PHILADELPHIA TRIBUNE 520 SOUTH 16TH STREET PHILADELPHIA PA 19146 ADVERTISING SERVICES 180893 VAULT COMMUNICATIONS 610 W GERMANTOWN PIKE SUITE 160 PLYMOUTH MEETING PA 19462 CREATIVE SERVICES 180290 IPSOS 301 MERRITT NORWALD CT 06851 DESTINATION AND TRAVELER RESEARCH 112100 5 18438626 170000 18608626 SPONSORSHIP REVENUE 900099 321914 321914 JOINT MARKETING REVENUE 900099 121000 121000 PARTICIPATION AND OTHER FEES 900099 4906 4906 447820 356095 356095 51 51 19412592 447820 0 356146 1113175 745318 361628 6229 2976004 2018585 947260 10159 361238 214690 137747 8801 291445 201496 89125 824 68100 68100 70315 70315 147302 147302 37850 37850 1191468 1073398 118070 5790875 5790875 187389 119208 67548 633 110949 43268 67681 337797 179166 153289 5342 136175 88832 45929 1414 1459449 1435157 23405 887 40671 40671 84312 67937 14350 2025 31769 25574 5433 762 RESEARCH EXPENSE 548016 548016 OTHER MARKETING 385907 378320 7474 113 AGENCY FEES 331829 331359 470 DUES AND REGISTRATIONS 290708 276808 12681 1219 190910 190090 820 16183653 13728097 2269846 185710 6121430 5211318 205007 125000 1136059 1196645 13992 60749 1608318 709698 87540 898620 2242111 6357500 3506077 42617 1337484 13354833 15187316 1753418 1463665 3818315 2270344 5571733 3734009 X 7658100 11078307 125000 375000 7783100 11453307 13354833 15187316 3228939 441268 0 X 0 1 X 1 0 X 1447500 945849 7428478 13067172 18608626 41497625 13265919 7859900 446948 373482 447820 22394069 14713419 8805749 7875426 13440654 19056446 63891694 63891694 190158 120458 144529 53982 356146 865273 977859 644195 446948 373482 447820 2890304 67647271 0.94450 0.93530 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 0 0 0 0 0 1 147302 0 0 147302 0 FORM 990, SCH. C, PART II-B, LINE 1G LOBBYING ACTIVITIES INCLUDE MONITORING, COORDINATING AND COMMUNICATING REGARDING TOURISM/HOSPITALITY INDUSTRY ISSUES RELATED TO GOVERNMENT GENERAL OPERATING BUDGETS; LEGISLATION; REQUESTS FOR ADDITIONAL FUNDING FOR THE SECTOR; STRATEGIES AND APPROPRIATION REQUESTS TO LEGISLATORS; ANNUAL TOURISM/HOSPITALITY INDUSTRY RECEPTION; MEETINGS WITH LEGISLATORS AND STAFF. 714771 26692 688079 418297 207756 210541 475250 475250 0 898620 RENT DEPOSIT 65593 RIGHT OF USE ASSET 1271891 1337484 LOANS PAYABLE 336948 OPERATING LEASE LIABILITIES 1933396 2270344 X 20293809 441268 477799 919067 19374742 37850 37850 19412592 16623602 477799 477799 16145803 37850 37850 16183653 PART X, LINE 2: THE INTERNAL REVENUE SERVICE HAS CLASSIFIED VISIT PHILADELPHIA AS EXEMPT FROM FEDERAL INCOME TAXES UNDER SECTION 501(C)(3) OF THE UNITED STATES INTERNAL REVENUE CODE. X 1 1 X X X X X 0 0 0 0 0 0 0 1 0 ANGELA VAL PRESIDENT & CEO (FROM JUNE) 163684 0 10000 0 230 0 4691 0 12228 0 190833 0 0 0 NEIL FRAUENGLASS CHIEF MARKETING OFFICER 243986 0 13000 0 180 0 15396 0 28412 0 300974 0 0 0 RACHEL FERGUSON CHIEF INNOVATION & GLOBAL OFFICER (T 227994 0 3000 0 120 0 9158 0 32006 0 272278 0 0 0 TRINO BOIX CHIEF OPERATING OFFICER 156085 0 4000 0 513 0 6373 0 1347 0 168318 0 0 0 MICHAEL NEWMUIS CHIEF OF EXTERNAL AFFAIRS (THRU MARC 155585 0 3500 0 120 0 5560 0 10351 0 175116 0 0 0 PART I, LINE 1A MONTHLY CLUB DUES PAID TO THE FITLER CLUB FOR MICHAEL NEWMIUS - TOTALLED $1,050 PART I, LINE 1B THIS TYPE OF MEMBERSHIP IS WITH BOARD APPROVAL ONLY AND ON A VERY LIMITED BASIS. PART I, LINE 7 SCHEDULE J, PART II, COLUMN (B)(II) REPORTS DISCRETIONARY INCENTIVE AMOUNTS THAT WERE APPROVED BY THE BOARD BASED UPON PERFORMANCEE. ROBERT BOGLE SEE SUPPLEMENTAL INFORMATION BELOW. 336925 THE ORGANIZATION PURCHASES ADVERTISING IN THE PHILADELPHIA TRIBUNE AND IN THE SOJOURNER: AN AFRICAN AMERICAN VISITORS GUIDE TO PHILADELPHIA, A PUBLICATION OF THE PHILADELPHIA TRIBUNE. 0 SCHEDULE L, PART IV, BUSINESS TRANSACTIONS INVOLVING INTERESTED PERSONS: (B) RELATIONSHIP BETWEEN THE INTERESTED PERSON AND THE ORGANIZATION: ROBERT BOGLE IS VICE-CHAIR OF THE BOARD OF DIRECTORS OF THE ORGANIZATION AND CHAIRMAN, PRESIDENT AND CHIEF EXECUTIVE OFFICER OF THE PHILADELPHIA TRIBUNE, A NEWSPAPER SERVING THE GREATER PHILADELPHIA REGION. FORM 990, PART VI, SECTION B, LINE 11B THE COMPLETED FORM 990 IS PROVIDED TO THE BOARD OF DIRECTORS SUFFICIENTLY IN ADVANCE OF THE FILING DEADLINE TO ENABLE A DETAILED AND CONSCIENTIOUS REVIEW BY ALL MEMBERS OF THE BOARD. ALL MEMBERS OF THE BOARD OF DIRECTORS WILL BE INVITED TO REVIEW THE COMPLETED FORM 990 IN ADVANCE OF THE FILING DEADLINE. ALL QUESTIONS, CONCERNS, ETC. OF THE MEMBERS OF THE BOARD OF DIRECTORS WILL BE ADDRESSED BY THE CHIEF FINANCIAL OFFICER (OR CHIEF EXECUTIVE OFFICER) AND INCORPORATED INTO THE FORM 990 AS APPROPRIATE. THE CORPORATION WILL FILE THE FINAL FORM 990 AS REQUIRED. FORM 990, PART VI, SECTION B, LINE 12C ALL OFFICERS, DIRECTORS, AND KEY EMPLOYEES ARE REQUIRED TO COMPLETE A CONFLICT OF INTEREST DISCLOSURE ANNUALLY. DISCLOSURES ARE REVIEWED BY MANAGEMENT AND ANY NEW POTENTIAL CONFLICTS (NOT PREVIOUSLY REVIEWED) WOULD BE TURNED OVER TO THE GOVERNANCE COMMITTEE FOR A DETERMINATION. FORM 990, PART VI, SECTION B, LINE 15 THE PROCESS FOR DETERMINING COMPENSATION FOR THE CEO INCLUDES THE FOLLOWING: THE COMPENSATION COMMITTEE (THE COMMITTEE) HAS ESTABLISHED AND ASSURES ADHERENCE TO A COMPENSATION PHILOSOPHY THAT REFLECTS THE CHARITABLE MISSION OF THE ORGANIZATION. THE COMMITTEE REVIEWS AND APPROVES EXECUTIVE COMPENSATION IN A MANNER THAT QUALIFIES FOR THE REBUTTABLE PRESUMPTION OF REASONABLENESS UNDER THE INTERMEDIATE SANCTIONS RULES. THE COMMITTEE ASSURES THAT AN ANNUAL EVALUATION OF THE CEO'S PERFORMANCE IS COMPLETED IN REFERENCE TO THE SPECIFIC GOALS AND OBJECTIVES SET BY THE CEO EACH YEAR. THE COMMITTEE ENSURES THAT THE TERMS OF THE CEO'S COMPENSATION AND DUTIES ARE MEMORIALIZED IN AN EMPLOYMENT CONTRACT. IN DETERMINING COMPENSATION, THE COMMITTEE TAKES INTO CONSIDERATION: -ALL FORMS OF COMPENSATION, BOTH DIRECT AND INDIRECT, INCLUDING FRINGE BENEFITS -THE INCOME AND ASSETS OF THE CORPORATION -THE IMPACT OF THE INDIVIDUAL'S SERVICES, RESPONSIBILITIES, DUTIES AND VISION IN FURTHERING THE CORPORATION'S GOALS AND PURPOSES -THE INDIVIDUAL'S QUALIFICATIONS TO FULFILL THE RESPONSIBILITIES OF THE POSITION, INCLUDING EDUCATION AND EXPERIENCE -THE TIME THE INDIVIDUAL IS EXPECTED TO DEVOTE TO HIS/HER DUTIES -THE RESULTS OF THE ANNUAL PERFORMANCE EVALUATION -THE CORPORATE GOALS AND OBJECTIVES RELEVANT TO THE COMPENSATION OF THE CEO -ANY OTHER REASONABLE CRITERIA THE COMMITTEE OBTAINS COMPARABLE COMPENSATION INFORMATION, INCLUDING OFFERS RECEIVED BY THE EMPLOYEE FROM OTHER ORGANIZATIONS, SALARY SURVEYS, AND COMPENSATION PAID BY SIMILAR ORGANIZATIONS FOR LIKE POSITIONS. THE COMMITTEE WILL REVIEW AND APPROVE ALL INCENTIVE COMPENSATION ARRANGEMENTS, PROVIDED THAT ANY INCENTIVE ARRANGEMENT REWARDS PERFORMANCE OR ACCOMPLISHMENT OF SPECIFIC MEASURABLE OBJECTIVES THAT FURTHER THE ORGANIZATION'S CHARITABLE PURPOSE, THERE IS A CAP ON THE AMOUNT OF COMPENSATION THAT MAY BE EARNED UNDER SUCH AN ARRANGEMENT AND THE ARRANGEMENT DOES NOT RESULT IN UNWARRANTED PRIVATE BENEFITS. THE COMMITTEE WILL REVIEW THE RECOMMENDATIONS MADE BY THE CEO WITH REGARDS TO COMPENSATION OF THE OTHER OFFICERS OF THE CORPORATION AND ALL EMPLOYEES WHO RECEIVE MORE THAN $100,000 IN SALARY FROM THE CORPORATION. PERIODICALLY, THE ORGANIZATION ENGAGES A THIRD PARTY COMPENSATION CONSULTANT TO BENCHMARK SALARIES. FORM 990, PART VI, SECTION C, LINE 19 THE CONFLICT OF INTEREST POLICY AND GOVERNING DOCUMENTS ARE AVAILABLE UPON REQUEST.