2024-11-14T10:09:29-06:00 2023-12-31 310800053 CLARK SCHAEFER HACKETT & CO 1 EAST 4TH STREET CINCINNATI OH 45202 990 2023-01-01 310505238 GREATER CINCINNATI CONVENTION AND VISITORS BUREAU INC GREA 5136212142 525 VINE STREET SUITE 1200 CINCINNATI OH 452022361 JULIE CALVERT CEO 5136212142 2024-11-14 1 0 ANNAMARIE B REILLY P00431897 5132413111 2024-11-14 2023 2024-10-15 13:58:12Z CINCINNATI USA CONVENTION & VISITOR BUREAU JULIE CALVERT 525 VINE STREET SUITE 1200 CINCINNATI OH 452022361 22900874 0 X WWW.CINCYUSA.COM X 1945 OH TO IMPACT THE CINCINNATI ECONOMY THROUGH CONVENTION, TRADE SHOW, AND VISITOR EXPENDITURES. 22 21 24 3344 0 0 10706713 11225471 113283 174811 25563 243216 1284112 853 12129671 11644351 1260744 3025646 0 0 2901590 3174628 0 0 0 2879565 2777991 7041899 8978265 5087772 2666086 19629258 19826452 6113377 3436801 13515881 16389651 X THE CINCINNATI USA CONVENTION & VISITORS BUREAU IS AN AGGRESSIVE SALES, MARKETING, AND SERVICE ORGANIZATION. OUR PRIMARY RESPONSIBILITY IS TO POSITIVELY IMPACT THE REGION'S AREA ECONOMY THROUGH CONVENTION, TRADESHOW AND VISITOR EXPENDITURES, AND PROVIDE QUALITY SERVICE TO OUR CLIENTS. 0 0 ROOM NIGHTS CONTRACTED IN 2023 EXCEEDED 2022 BY APPROXIMATELY 16%. VISIT CINCY CREATED NEARLY 415,000 ROOM NIGHTS OF LEAD GENERATION. MARKET SHARE INCREASED TO AN INDEX OF 106.3 OVER CINCINNATI'S COMPETITIVE SET MARKETS. COVID RESTRICTIONS WERE REMOVED SO VISIT CINCY FOCUSED ON REBOOKING LARGE CONVENTIONS TO LATER DATES AND HOSTING SEVERAL YOUTH SPORTS GROUPS. LARGE CONVENTIONS RETURNED IN 2022 AND 2023. THE HAMILTON COUNTY HOTEL OCCUPANCY TAX INCREASED 10% FROM 2022 TO 2023, AND WE INCREASED OPERATING AND STAFFING EXPENSES BY APPROXIMATELY 27% AS BUSINESS GOT BACK TO PRE-COVID LEVELS. WE CONTINUED TO RECEIVE FUNDING THROUGH ARPA FUNDS FROM THE CITY AND COUNTY. THIS FUNDING TO RUN THROUGH OCTOBER OF 2024. 0 1 0 1 0 0 0 0 0 1 1 0 1 1 1 1 0 0 0 0 0 0 0 0 0 0 1 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 24 0 1 24 1 0 0 0 0 1 1 0 0 0 X 22 21 0 0 0 0 1 1 0 1 1 0 0 1 1 1 1 1 0 1 0 0 X JULIE CALVERT 5136325372 525 VINE ST SUITE 1200 CINCINNATI OH 452022361 JULIE CALVERT PRESIDENT & CEO 40.00 X X 293232 0 34375 ANDREW CONKLIN EXECUTIVE VP, SALES & MKTG 40.00 X 277694 0 43627 DEANA TAYLOR- BREWER VP, HR & EMPLOYEE ENGAGEME 40.00 X 192164 0 18611 RANDIE ADAM VP,MKTG & VISITOR SERVICE 40.00 X 175043 0 23199 LINDA JEANMOUGIN VP, FINANCE & OPERATIONS 40.00 X 120018 0 31119 KAREN FORGUS DIRECTOR 1.00 X 0 0 0 ALECIA KINTNER DIRECTOR 1.00 X 0 0 0 STEVE MULLINGER DIRECTOR 1.00 X 0 0 0 AKIVA FREEMAN DIRECTOR 1.00 X 0 0 0 MIKE CONWAY DIRECTOR 1.00 X 0 0 0 MARC SIRKIN DIRECTOR 1.00 X 0 0 0 BOBBI DILLON DIRECTOR 1.00 X 0 0 0 BRITNEY RUBY MILLER DIRECTOR 1.00 X 0 0 0 ADAM GELTER DIRECTOR 1.00 X 0 0 0 BOBBY SPANN DIRECTOR 1.00 X 0 0 0 JOE PINTO DIRECTOR 1.00 X 0 0 0 BRENDON CULL DIRECTOR 1.00 X 0 0 0 JACKIE REAU DIRECTOR 1.00 X 0 0 0 BIMAL PATEL DIRECTOR 1.00 X 0 0 0 DENISE DRIEHAUS DIRECTOR 1.00 X 0 0 0 ANNETTE SMITH TARVER DIRECTOR 1.00 X 0 0 0 AFTAB PUREVAL STANDING DIRECTOR 1.00 X 0 0 0 MARIO SAN MARCO IMMEDIATE PAST CHAIR 1.00 X 0 0 0 AGNES GODWIN HALL VICE CHAIR 1.00 X X 0 0 0 PAUL SILVA SECRETARY, TREASURER 1.00 X X 0 0 0 JEFF BERDING CHAIR 1.00 X X 0 0 0 1058151 0 150931 5 0 1 0 0 11195471 30000 11225471 DUES 900001 129679 129679 PASSKEY 900001 45132 45132 174811 293051 293051 11206688 11256523 -49835 -49835 -49835 OTHER 900001 853 853 853 11644351 175664 0 243216 3025646 1057945 1831159 18555 266969 1002 126936 267341 235444 46175 291324 285263 CONVENTION MARKETING AN 829337 MEDIA RELATIONS 217640 COMMUNITY DEVELOPMENT 200363 UNDERWRITING & RESEARCH 141664 135502 8978265 12425768 7071916 4895830 2978056 814306 155377 829408 719005 142448 110403 8408936 1350906 1101764 19629258 19826452 1424195 678026 50000 0 2274525 1134617 2364657 1624158 6113377 3436801 X 10427946 14253261 3087935 2136390 13515881 16389651 19629258 19826452 2666086 207684 0 X X 0 1 X 1 1 1 RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 1 0 829408 719005 110403 110403 CASH 151291 F CORPORATE BONDS 2952959 F FIXED INCOME FUNDS 3220854 F U.S. GOVERNMENT OBLIGATIONS 2083832 F 8408936 RIGHT OF USE ASSET- OPERATING LEASE 1101764 1101764 HAMILTON COUNTY TRANSIENT OCCUPANCY TAX ADVANCE 500000 OPERATING LEASE 1124158 1624158 X 11851034 207685 207685 11643349 1002 1002 11644351 8977263 0 8977263 1002 1002 8978265 PART X, LINE 2: THE INTERNAL REVENUE SERVICE HAS RULED THAT THE BUREAU QUALIFIED UNDER 501(C)(6) OF THE INTERNAL REVENUE CODE (IRC). ONCE QUALIFIED, THE BUREAU IS REQUIRED TO OPERATE IN CONFORMITY WITH THE IRC TO MAINTAIN ITS QUALIFICATION. THE BUREAU IS SUBJECT TO FEDERAL INCOME TAX ON ANY UNRELATED BUSINESS TAXABLE INCOME. THE BUREAU EVALUATES ITS UNCERTAIN TAX POSITIONS, IF ANY, ON A CONTINUAL BASIS THROUGH REVIEW OF ITS POLICIES AND PROCEDURES, REVIEW OF ITS REGULAR TAX FILINGS AND DISCUSSIONS WITH OUTSIDE EXPERTS. NO UNCERTAIN TAX POSITIONS WERE IDENTIFIED BY THE BUREAU AS OF DECEMBER 31, 2023 AND 2022. THE BUREAU'S POLICY IS TO CLASSIFY INCOME TAX PENALTIES AND INTEREST AS INTEREST EXPENSE IN ITS FINANCIAL STATEMENTS. DURING THE YEARS ENDED DECEMBER 31, 2023 AND 2022, THE BUREAU INCURRED NO PENALTIES AND INTEREST. THE BUREAU'S FEDERAL RETURNS ARE EXEMPT FROM INCOME TAX (FORM 990) FOR 2020, 2021, AND 2022 AND ARE SUBJECT TO EXAMINATION BY THE IRS, GENERALLY FOR THREE YEARS AFTER THEY WERE FILED. AS OF THE DATE OF THIS REPORT, THE BUREAU'S 2023 RETURN HAD NOT YET BEEN FILED. 1 REGIONAL TOURISM ALLIANCE 50 E RIVERCENTER BLVD SUITE 810 COVINGTON KY 41011 202892582 501(C)(6) 2775646 0 CONTINUATION OF EXEMPT PURPOSE SOURCE CINCINNATI 525 VINE ST CINCINNATI OH 45202 311734884 501(C)(3) 250000 0 CONTINUATION OF EXEMPT PURPOSE 1 1 PART I, LINE 2: THE GREATER CINCINNATI CONVENTION AND VISITORS BUREAU ONLY PROVIDES GRANTS TO PRE-SELECTED ORGANIZATIONS THAT FURTHERS ITS EXEMPT PURPOSE. FORM 990, SCHEDULE I, PART I, LINE 2: THE PRESIDENT AND CEO OF THE GCCVB EITHER SITS ON THE BOARDS OF EACH OF THE ORGANIZATIONS THAT RECEIVE A GRANT FROM THE GCCVB, OR APPOINTS SOMEONE TO REPRESENT THE INTERESTS OF THE GCCVB. X 1 1 X X X X X 0 0 0 JULIE CALVERT PRESIDENT & CEO 242231 0 51001 0 0 0 32815 0 1560 0 327607 0 0 0 ANDREW CONKLIN EXECUTIVE VP, SALES & MKTG 222600 0 55094 0 0 0 25162 0 18465 0 321321 0 0 0 DEANA TAYLOR- BREWER VP, HR & EMPLOYEE ENGAGEME 154039 0 38125 0 0 0 12338 0 6273 0 210775 0 0 0 RANDIE ADAM VP,MKTG & VISITOR SERVICE 140315 0 34728 0 0 0 6234 0 16965 0 198242 0 0 0 LINDA JEANMOUGIN VP, FINANCE & OPERATIONS 120018 0 0 0 0 0 24933 0 6186 0 151137 0 0 0 FORM 990, PART VI, SECTION A, LINE 6 ANY PERSON, PARTNERSHIP, COMPANY, FIRM, CORPORATION, INSTITUTION, GOVERNMENTAL AGENCY, OR BUSINESS ENTITY, WHICH IS BENEFICIALLY AFFECTED BY OR INTERESTED IN VISITORS OR GROUPS COMING TO OR CONVENING IN GREATER CINCINNATI, SHALL BE ELIGIBLE FOR MEMBERSHIP IN THE GREATER CINCINNATI CONVENTION & VISITORS BUREAU. FORM 990, PART VI, SECTION A, LINE 7A THE BUREAU IS A MEMBERSHIP ORGANIZATION AND THE MEMBERS ELECT THE AT LARGE BOARD MEMBERS. FORM 990, PART VI, SECTION B, LINE 11B THE FORM 990 AND RELATED SCHEDULES ARE REVIEWED BY THE FINANCE CHAIR AND OTHER MEMBERS OF THE FINANCE COMMITTEE. FORM 990, PART VI, SECTION B, LINE 12C A CONFLICT OF INTEREST DISCLOSURE FORM IS REQUIRED TO BE COMPLETED AND SIGNED BY THE BOARD OF DIRECTORS ANNUALLY. THE BOARD MEMBER MUST DISCLOSE IN WRITING TO THE CHAIRPERSON OF THE BOARD ANY POTENTIAL CONFLICTS. ARRANGEMENTS THAT CREATE A CONFLICT WILL BE REVIEWED ON A CASE BY CASE BASIS. FORM 990, PART VI, SECTION B, LINE 15A THE COMPENSATION COMMITTEE REVIEWS AND APPROVES EXECUTIVE COMPENSATION. BENCHMARKING DATA FROM NATIONAL INDUSTRY SURVEYS AND DATA ANALYZED BY AN INDEPENDENT COMPENSATION CONSULTANT ARE USED IN DETERMINING COMPENSATION. THE CEO MAKES THE DETERMINATION FOR KEY EMPLOYEES' SALARIES, HOWEVER, BENCHMARKING DATA FROM NATIONAL INDUSTRY SURVEYS AND DATA ANALYZED BY AN INDEPENDENT COMPENSATION CONSULTANT ARE USED TO DETERMINE COMPENSATION. SALARIES AND WAGES ARE BUDGETED EACH YEAR, WITH THE AVERAGE PERCENTAGE OF BUDGETED INCREASED CALLED OUT. THE BOARD APPROVES THE BUDGET ANNUALLY. FORM 990, PART VI, SECTION C, LINE 19 GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY AND FINANCIAL STATEMENTS ARE AVAILABLE BY REQUEST. FORM 990, PART XII, LINE 2C: THE PROCESS HAS NOT CHANGED. FORM 990, PART VI, LINE 1A: THE EXECUTIVE COMMITTEE SHALL HAVE ALL OF THE POWERS OF THE BOARD OF DIRECTORS DURING THE INTERVALS BETWEEN MEETINGS OF THE BOARD, OR SUCH POWERS AS MAY BE DELEGATED TO IT BY THE BOARD OF DIRECTORS. HOWEVER, THE EXECUTIVE COMMITTEE SHALL NOT HAVE THE POWER TO FILL VACANCIES IN THE BOARD OF DIRECTORS, OR TO CHANGE THE MEMBERSHIP OF, OR TO FILL VACANCIES IN, THE EXECUTIVE COMMITTEE. THE EXECUTIVE COMMITTEE MAY HOLD MEETINGS, MAKE RULES FOR THE CONDUCT OF ITS BUSINESS AND APPOINT SUCH COMMITTEES AND ASSISTANTS AS IT SHALL DEEM NECESSARY. A MAJORITY OF THE MEMBERS OF THE EXECUTIVE COMMITTEE SHALL CONSTITUTE A QUORUM AND THE ACT OF A MAJORITY OF MEMBERS OF THE EXECUTIVE COMMITTEE PRESENT AT A MEETING THEREOF, IF THERE IS A QUORUM, SHALL BE THE ACT OF THE EXECUTIVE COMMITTEE.