2025-05-14T11:46:00-05:00 2024-06-30 410746749 CLIFTONLARSONALLEN LLP 6501 AMERICAS PARKWAY NE SUITE 500 ALBUQUERQUE NM 87110 990 2023-07-01 850285280 ALBUQUERQUE CONVENTION & VISITORS BUREAU ALBU 5058429918 20 FIRST PLAZA NW 601 ALBUQUERQUE NM 87102 TANIA ARMENTA PRESIDENT & CEO 5058429918 2025-05-13 1 1 JESSICA LOCKER CPA P01367046 5058428290 2025-05-12 2023 2025-03-06 01:10:19Z VISIT ALBUQUERQUE TANIA ARMENTA 20 FIRST PLAZA NW 601 ALBUQUERQUE NM 87102 17403290 0 X WWW.VISITALBUQUERQUE.ORG X 1980 NM AS THE OFFICIAL DESTINATION MARKETING ORGANIZATION FOR THE CITY, VISIT ALBUQUERQUE IS RESPONSIBLE FOR PROMOTING ALBUQUERQUE AS A COMPETITIVE AND WORLD-CLASS LEISURE, MEETING, CONVENTION AND SPORTS DESTINATION, AND ENHANCING ITS PUBLIC IMAGE AS A DYNAMIC PLACE TO LIVE AND WORK. THROUGH THE IMPACT OF TRAVEL, VISIT ALBUQUERQUE STRENGTHENS THE CITY'S ECONOMIC POSITION AND PROVIDES OPPORTUNITY FOR PEOPLE IN THE COMMUNITY. 12 12 41 60 154152 0 9100574 9779938 6102023 7459972 2604 163380 0 0 15205201 17403290 407456 539108 0 0 2544684 3241620 0 0 0 10753692 14879283 13705832 18660011 1499369 -1256721 7681296 6515956 2309252 2400633 5372044 4115323 X AS THE OFFICIAL DESTINATION MARKETING ORGANIZATION FOR THE CITY, VISIT ALBUQUERQUE IS RESPONSIBLE FOR PROMOTING ALBUQUERQUE AS A COMPETITIVE AND WORLD-CLASS LEISURE, MEETING, CONVENTION AND SPORTS DESTINATION, AND ENHANCING ITS PUBLIC IMAGE AS A DYNAMIC PLACE TO LIVE AND WORK. THROUGH THE IMPACT OF TRAVEL, VISIT ALBUQUERQUE STRENGTHENS THE CITY'S ECONOMIC POSITION AND PROVIDES OPPORTUNITY FOR PEOPLE IN THE COMMUNITY. 0 0 CONVENTION SALES, SERVICES AND SPORTS:PRIMARY DIRECTIVE IS TO SELL AND MARKET ALBUQUERQUE AS A DESTINATION BY BRINGING CONVENTIONS, MEETINGS AND SPORTS EVENTS TO ALBUQUERQUE. INCLUDES SERVICING OF THOSE CONVENTIONS AND SPORTS EVENTS. TOURISM, COMMUNICATIONS AND VISITOR SERVICES:PRIMARY DIRECTIVE IS TO INCREASE TOURISM AND VISITATION TO ALBUQUERQUE. CONDUCTS ADVERTISING, MARKETING, PUBLIC RELATIONS, MEDIA RELATIONS, AND SOCIAL MEDIA CAMPAIGNS TO PROMOTE ALBUQUERQUE AS A DESTINATION. INCLUDES SUPPORTING VISITOR QUESTIONS/INQUIRIES, OPERATING VISITOR INFORMATION CENTERS AND FULFILLMENT OF VISITOR GUIDES. MEMBERSHIP AND DEVELOPMENT DIVISION:SELLS MEMBERSHIPS (PARTNERSHIPS) AND PROVIDES BENEFITS TO PARTNERS (ALBUQUERQUE BUSINESSES) TOWARD GROWTH/MARKETING OF ALBUQUERQUE AND THE SERVICES/GOODS THE CITY OFFERS. VISIT ABQ PROMOTES THESE BUSINESSES IN OUR VISITOR GUIDE AND ONLINE, AS WELL AS IN OTHER MEDIA. THE ATMD IS A BUSINESS IMPROVEMENT DISTRICT TO PROMOTE THE ECONOMIC VITALITY OF THE DISTRICT AND THE GENERAL WELFARE OF THE CITY OF ALBUQUERQUE BY PROVIDING SPECIFIC BENEFITS TO PAYORS, EXCLUSIVELY FUNDING SALES, MARKETING, COMMUNICATIONS, VISITOR SERVICES ENHANCEMENTS, AND DESTINATION PRODUCT DEVELOPMENT/PARTNER GRANTS PROGRAMS FOR ASSESSED LODGING BUSINESSES. 0 1 0 0 0 0 0 0 0 1 0 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 48 0 1 41 1 1 1 0 0 0 0 0 0 0 X 12 12 1 0 0 0 1 1 0 1 1 0 0 0 1 1 1 1 1 1 1 0 X WILLIAM SCHUDLICH 5058429918 20 FIRST PLAZA NW 601 ALBUQUERQUE NM 87102 X MICHAEL CANFIELD CHAIR 3.00 X X 0 0 0 BEN ABRUZZO CHAIR-ELECT 2.00 X X 0 0 0 MINDY JENSEN SECRETARY/TREASURER 2.00 X X 0 0 0 DEEPESH KHOLWADWALA IMMEDIATE PAST CHAIR 2.00 X X 0 0 0 LEAH BLACK DIRECTOR (THRU 9/23) 1.00 X 0 0 0 TOM GARRITY DIRECTOR 1.00 X 0 0 0 STEVE GRANT DIRECTOR 1.00 X 0 0 0 CAINAN HARRIS DIRECTOR 1.00 X 0 0 0 KARL HOLME DIRECTOR 1.00 X 0 0 0 DAMIAN KIRSON DIRECTOR 1.00 X 0 0 0 DAMEN KOMPANOWSKI DIRECTOR 1.00 X 0 0 0 CHRISTINE PAULEY DIRECTOR 1.00 X 0 0 0 WILLIAM R STAFFORD DIRECTOR 1.00 X 0 0 0 TANIA ARMENTA PRESIDENT & CEO 40.00 X 248119 0 20733 CEELA MCELVENY VP OF MARKETING & COMMUNICATIONS 40.00 X 151979 0 18326 WILLIAM SCHUDLICH VP OF FINANCE & OPERATIONS 40.00 X 142221 0 4744 SCOTT CRAIGHEAD VP OF SALES, SERVICES & SPORTS 40.00 X 137183 0 5548 BROOKE JUNG AS OF 1223 VP DESTINATION DEVELOPMENT & COMMUNITY ENGAGEMENT 40.00 X 4658 0 0 684160 0 49351 4 0 1 0 MCKEE WALLWORK 701 SPUR ST NE STE B ALBUQUERQUE NM 87102 ADVERTISING AND SERVICES 8495107 INSPIRADO LLC 1836 KENTUCKY ST NE ALBUQUERQUE NM 87110 PRODUCTION/VIDEOS 498207 MILES PARTNERSHIP LLLP 6751 PROFESSIONAL PKWY STE 200 SARASOTA FL 10171 WEB DEVELOPMENT, MARKETING AND HOSTING 273444 TURNER PUBLIC RELATION 4030 EASTON STATION STE 300 COLUMBUS OH 43219 TRAVEL MEDIA RELATIONS 219920 LLS COMMUNICATIONS 4101 WINFIELD ROAD WARRENVILLE IL 60555 PRINTING VISITOR GUIDES 123600 4 9779938 9779938 ALBUQUERQUE TOURISM MARKETING DIS 900099 6740168 6740168 MEMBERSHIP FEES 900099 360281 360281 ADVERTISING 541800 154152 154152 PROMOTIONAL PARTICIPATION 900099 116855 116855 EVENT HOSTING/PART 900099 88353 88353 163 163 7459972 163380 163380 17403290 7305820 154152 163380 539108 854737 1648830 80217 461493 196343 7801 42040 204377 10205739 150825 222334 293260 176690 523587 57161 40693 MARKETING 2559816 PARTNERSHIP DUES 205899 TRAINING & EDUCATION 134847 RENTAL & MAINTENANCE 38093 16121 18660011 5022010 4600650 302297 310118 861063 264005 644156 566182 534534 213862 126694 320672 6454 10813 718622 443516 7681296 6515956 564457 711251 400000 637667 620948 602974 723847 448741 2309252 2400633 X 5372044 4115323 5372044 4115323 7681296 6515956 -1256721 0 X X 0 1 X 1 0 RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 13288 13200 88 195137 160559 34578 326109 40103 286006 320672 RENTAL DEPOSITS 1800 ROU ASSETS 441716 443516 ROU - LIABILITY 448741 448741 X 17528903 125613 125613 17403290 0 17403290 18785624 125613 125613 18660011 0 18660011 PART X, LINE 2: VISIT ABQ IS A NONPROFIT CORPORATION AND QUALIFIES AS A TAX-EXEMPT ORGANIZATION UNDER SECTION 501(C)(6) OF THE INTERNAL REVENUE CODE (IRC) AND IS CLASSIFIED AS OTHER THAN A PRIVATE FOUNDATION. AS SUCH, ITS NORMAL ACTIVITIES DO NOT RESULT IN ANY INCOME TAX LIABILITY. HOWEVER, INCOME FROM CERTAIN ACTIVITIES NOT DIRECTLY RELATED TO VISIT ABQ'S TAX-EXEMPT PURPOSE IS SUBJECT TO TAXATION AS UNRELATED BUSINESS INCOME. THE INCOME THAT CREATES UNRELATED BUSINESS INCOME IS ADVERTISING REVENUE THAT VISIT ABQ RECEIVES. THIS INCOME IS TYPICALLY OFFSET BY ALLOWABLE DEDUCTIBLE COSTS ON AN ANNUAL BASIS. AS A RESULT, VISIT ABQ HAS AN APPROXIMATELY $332,000 NET OPERATING LOSS CARRYFORWARD THAT CAN BE UTILIZED TO OFFSET FUTURE TAXABLE INCOME. AS VISIT ABQ HAS A HISTORY OF TAXABLE LOSSES RELATED TO ITS UNRELATED BUSINESS INCOME, IT IS UNCERTAIN AS TO WHETHER THE NET OPERATING LOSS CARRYFORWARDS WILL BE UTILIZED; THEREFORE, NO DEFERRED TAX ASSET HAS BEEN RECOGNIZED IN THESE ACCOMPANYING FINANCIAL STATEMENTS. AS OF JUNE 30, 2024, VISIT ABQ PERFORMED A COMPREHENSIVE REVIEW OF ITS MATERIAL TAX POSITIONS IN ACCORDANCE WITH RECOGNITION AND MEASUREMENT STANDARDS ESTABLISHED BY GENERALLY ACCEPTED ACCOUNTING PRINCIPLES. AS A RESULT OF MANAGEMENT'S REVIEW AND IN THEIR OPINION, VISIT ABQ CONTINUES TO BE 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 BE CONSIDERED UNCERTAIN TAX POSITIONS. VISIT ABQ FILES INFORMATIONAL TAX RETURNS AS PRESCRIBED BY THE TAX LAWS OF THE JURISDICTIONS IN WHICH IT OPERATES. IN THE NORMAL COURSE OF BUSINESS, VISIT ABQ IS SUBJECT TO EXAMINATION BY FEDERAL, STATE, LOCAL, AND FOREIGN JURISDICTIONS, WHERE APPLICABLE. UNDER THE STATUTE OF LIMITATIONS, THE ENTITY'S TAX RETURNS ARE NO LONGER SUBJECT TO EXAMINATION BY TAX AUTHORITIES FOR FISCAL YEARS PRIOR TO 2021. VISIT ABQ WOULD RECOGNIZE INTEREST ACCRUED RELATED TO UNRECOGNIZED TAX BENEFITS IN INTEREST EXPENSE AND PENALTIES IN OPERATING EXPENSES. NO SUCH INTEREST OR PENALTIES WERE RECORDED FOR THE YEARS ENDED JUNE 30, 2024 AND 2023. 1 ALBUQUERQUE LITTLE THEATRE 244 SAN PASQUALE AVE SW ALBUQUERQUE NM 87104 850109473 501(C)(3) 10000 0 N/A N/A CREATION OF A LITERARY FESTIVAL IN NOVEMBER 2024 TO COMMEMORATE NATIVE AMERICAN HERITAGE MONTH. AMP CONCERTS 1013 VASSAR DR NE ALBUQUERQUE NM 87106 562644410 501(C)(3) 35000 0 N/A N/A THE AMP WINROCK FREE CONCERT SERIES WILL FEATURE 6 CONCERTS BY BOTH INTERNATIONALLY RENOWNED AND LOCAL MUSICIANS AT THE NEW WINROCK AMPHITHEATER IN ALBUQUERQUE'S UPTOWN NEIGHBORHOOD. ARTEMIS PROMOTIONS INC PO BOX 50148 ALBUQUERQUE NM 87181 471667759 501(C)(3) 10000 0 N/A N/A EXPANSION OF LOWRIDER FESTIVAL TO INCLUDE UNIQUE CULTURAL ELEMENTS AND A VARIETY OF SEVERAL KEY LOCATIONS AROUND THE CITY. BLUE RIVER PRODUCTIONS 13209 HIDDEN VALLEY RD NE ALBUQUERQUE NM 87111 273980281 45000 0 N/A N/A CREATION OF CHOCOLATE & COFFEE WEEK, FEATURING CHOCOLATE AND COFFEE RELATED EVENTS, ACTIVITIES, DINING EXPERIENCES, AND EDUCATIONAL OPPORTUNITIES THROUGHOUT ALBUQUERQUE. CARDBOARD PLAYHOUSE THEATRE COMPANY 100 GOLD AVE SW STE 112 ALBUQUERQUE NM 87102 452591227 501(C)(3) 10000 0 N/A N/A HELD AT THE BOX PERFORMANCE SPACE IN DOWNTOWN ALBUQUERQUE, SECOND SATURDAYS WILL BE A UNIQUE, MONTHLY EVENT SHOWCASING THE CITY'S VIBRANT PERFORMING ARTS SCENE AND RICH CULTURAL TAPESTRY. CASA FLAMENCA 401 RIO GRAND BLVD ALBUQUERQUE NM 87104 272877560 20000 0 N/A N/A THIS PROJECT INVESTS IN DEVELOPING THAT OUTDOOR SPACE, TABLAO AL AIRE, BY REJUVENATING OUTDOOR ART WORK, COMPLETING BASIC REPAIRS, AND, MOST IMPORTANTLY, BEGINNING THE PROCESS OF CONVERTING THE SPACE TO PROVIDE PROTECTION FROM THE ELEMENTS TO THE STAGE AND AUDIENCE AREA WHILE MAINTAINING ITS INTEGRITY AS AN OUTDOOR SPACE. CLAYCODA 809 WAGON TRAIN DR SE ALBUQUERQUE NM 87123 920492633 10000 0 N/A N/A CREATED NEW MEXICO'S LARGEST MID-CENTURY FESTIVAL FEATURING VINTAGE VENDORS SHOWCASING THE INFLUENTIAL DESIGN TRENDS OF THE 1950S-1970S COCREATIONS CANDLE SHOP 858 SE CIRCLE NW ALBUQUERQUE NM 87104 513687293 10000 0 N/A N/A CREATE/OFFER CANDLE MAKING CLASSES SPECIFICALLY GEARED TOWARDS TRAVELERS, DEVELOPING SCENTS FOR THE CANDLES THAT ARE UNIQUE TO ALBUQUERQUE. DAY OF THE TREAD PO BOX 25424 ALBUQUERQUE NM 87125 856012236 501(C)(3) 10000 0 N/A N/A EXPANDING ANNUAL BOSQUE BONESHAKER GRAVEL GRINDER EVENT TO ADD 50-MILE ROUTE TO OFFERINGS DOWNTOWNABQ MAINSTREET AND ARTS & CULTURAL DISTRICT PO BOX 27246 ALBUQUERQUE NM 87125 464750143 501(C)(3) 20000 0 N/A N/A THE ALBUQUERQUE FERMENTATION & FUNGI FEST (ABQ FFF) IS AN ENGAGING, EDUCATIONAL AND INTERACTIVE FESTIVAL LAUNCHED IN 2023 AND PROVIDES EDUCATIONAL OPPORTUNITIES AND WORKSHOPS FOCUSED ON FERMENTATION AND FUNGI. FLAMENCO WORKS INC 506 CENTRAL AVE SW ALBUQUERQUE NM 87102 824616301 501(C)(3) 25000 0 N/A N/A CREATION OF FIESTA FLAMENCA BURQUEA, A FESTIVAL DEDICATED TO CREATING UNIQUE EXPERIENCES OF DISCOVERY AND LEARNING WHILE CULTIVATING DEEP CULTURAL APPRECIATION AND PURSUING ALL OPPORTUNITIES TO INSPIRE AND CONNECT THROUGH MUSIC, FOOD AND DANCE. FLYBY PROVISIONS 2928 SAN JOAQUIN AVE SE ALBUQUERQUE NM 87106 843012672 25000 0 N/A N/A THE NIGHTBIRD TROLLEY IS A UNIQUE EXPERIENCE THAT ALLOWS ATTENDEES TO STAY AND EXPERIENCE THE CULTURE AND BEAUTY WITHIN ALBUQUERQUE, HIGHLIGHTING TWO OF ITS KEY NEIGHBORHOODS. FRIENDS OF THE ORPHAN SIGNS 922 ARNO SE ALBUQUERQUE NM 87102 271674294 501(C)(3) 25000 0 N/A N/A CONTINUING TO PARTICIPATE IN THE CURRENT MOMENTUM IN THE CITY TO RESTORE, REHABILITATE, AND RENOVATE EMPTY AND ABANDONED LOCAL ROAD SIGNAGE FOR THE ROUTE 66 CENTENNIAL CELEBRATIONS. FUSION 700 1ST ST NW ALBUQUERQUE NM 87102 850484135 501(C)(3) 40000 0 N/A N/A THE INAUGURAL RISING HIGH ARTS FESTIVAL WILL PRESENT 11 DAYS (OCTOBER 10TH - 20TH, 2024) OF DENSELY PACKED MULTI-DISCIPLINARY ARTS ACTIVITIES IN THE DOWNTOWN ABQ CORE, CENTERED ON BOTH SIDES OF THE PENDING RAIL TRAIL, IN THE EMERGING 1ST ST. THEATRE DISTRICT AND GLORIETA STATION LOCATIONS. GATHERING OF NATIONS 3301 COORS BLVD NW R300 ALBUQUERQUE NM 87120 850369165 501(C)(3) 10000 0 N/A N/A ENHANCEMENTS TO CURRENT SIGNATURE EVENT- GATHERING OF NATIONS POWOW HISTORIC OLD TOWN ASSOCIATION 400 ROMERO ST NW UNIT 1 ALBUQUERQUE NM 87104 931734145 25000 0 N/A N/A "ELEVATING HISTORIC OLD TOWN ALBUQUERQUE: A TRANSFORMATIVE EXPERIENCE" PROJECT IS A COMPREHENSIVE INITIATIVE DESIGNED TO ENHANCE THE VISITOR EXPERIENCE, SUPPORT LOCAL BUSINESSES, AND PRESERVE THE UNIQUE CHARACTER OF ALBUQUERQUE'S MOST HISTORIC DISTRICT. LUNA AND LUZ 400 SAN FELIPE ST STE 8 ALBUQUERQUE NM 87104 923616404 40000 0 N/A N/A CREATION OF A PLACE WHERE LOCALS AND TOURISTS ALIKE WOULD GATHER TO BE IMMERSED IN LEARNING SOUTHWEST ARTS AND CULTURE THROUGH ARTIST, MUSIC, CULINARY AND WELLNESS EXPERTS WHO GUIDE GUESTS IN A UNIQUELY EXCEPTIONAL EXPERIENCE. MARIACHI SPECTACULAR DE ALBUQUERQUE 6260 RIVERSIDE PLAZA LN NW STE A ALBUQUERQUE NM 87120 710967585 501(C)(3) 10000 0 N/A N/A ENHANCED THE EXISTING EVENT BY ADDING NEW EDUCATIONAL WORKSHOPS, DIVERSE PERFORMANCES AND THE DEVELOPMENT OF A MARIACHI HALL OF FAME M'TUCCI'S BAR ROMA 3222 CENTRAL AVE SE ALBUQUERQUE NM 87106 871255873 10000 0 N/A N/A THE "HISTORIC PRESERVATION AND REVITALIZATION OF THE JONES MOTOR COMPANY PROMENADE" PROJECT AIMS TO ENHANCE THE PATIO AREA OF A HISTORIC LANDMARK RESTAURANT IN ALBUQUERQUE'S NOB HILL NEIGHBORHOOD NATIONAL INSTITUTE OF FLAMENCO 1771 BELLAMAH AVE NW AUITE A 101 ALBUQUERQUE NM 87104 850332879 501(C)(3) 14000 0 N/A N/A A FRESH, RENEWED APPROACH TO FESTIVAL FLAMENCO PROJECTS WILL INVIGORATE AND ENLIVEN ALBUQUERQUES CULTURAL LANDSCAPE, ATTRACTING MORE INTERNATIONAL, NATIONAL, AND REGIONAL VISITORS TO BE TRANSFORMED BY THE POWERFUL ARTISTRY AND DELIGHTFUL EXPERIENCES THAT REVERBERATE ACROSS OUR CITY. NEW MEXICO RESTAURANT ASSOCIATION 9201 MONTGOMERY BLVD NE STE 602 ALBUQUERQUE NM 87111 850111356 15000 0 N/A N/A RESTORATION OF ALBUQUERQUE RESTAURANT WEEK, A TRANSFORMATIVE PROJECT THAT AIMS TO ELEVATE ALBUQUERQUE AS A PREMIER CULINARY DESTINATION. NEW MEXICO TRADE ALLIANCE 3301-R COORS BLVD NW 169 ALBUQUERQUE NM 87120 812835843 501(C)(6) 25000 0 N/A N/A CREATION OF TRANSFORMATIVE ONE-DAY EVENT DESIGNED TO POSITION ALBUQUERQUE AS THE EPICENTER OF SPACE EXPLORATION AND CULTURAL FUSION. NM WINE 4801 LANG AVE NE - 110 ALBUQUERQUE NM 87109 ALBUQUERQUE NM 87109 850393236 501(C)(6) 25000 0 N/A N/A INTERACTIVE CUSTOM WINE EXPERIENCES AT NEW MEXICO WINE'S NEW NEW MEXICO WINE TASTING ROOM AND WELCOME CENTER. NOB HILL MAINSTREET 300 MENUAL BLVD NE STE A PMB 522 ALBUQUERQUE NM 87107 270918016 10000 0 N/A N/A CREATION OF A WEEKEND-LONG CELEBRATION DESIGNED TO SHOWCASE THE VIBRANT CULTURE, STRONG COMMUNITY SPIRIT, AND CREATIVE ENERGY OF ALBUQUERQUE'S NOB HILL NEIGHBORHOOD SANTA FE ART TOURS LLC 2210 MIGUEL CHAVEZ RD UNIT 212 SANTA FE NM 87505 304089473 10000 0 N/A N/A CREATION OF A TOUR SHOWCASING SEVERAL INCREDIBLE ART VENUES THAT ART LOVERS AND COLLECTORS MIGHT NOT OTHERWISE DISCOVER, POSITIONING ALBUQUERQUE AS A MUST-SEE DESTINATION FOR THE ARTS. THE MOTHERSHIP ALUMNI 435 SANTA FE AVE SW ALBUQUERQUE NM 87102 814785961 10000 0 N/A N/A REVITALIZATION OF THE 115-YEAR-OLD YRISARRI BUILDING IN DOWNTOWN ALBUQUERQUE. TOURABQ 204 SAN FELIPE NW ALBUQUERQUE NM 87104 261579637 25000 0 N/A N/A CREATION OF ROUTE 66 THEMED TOURS COINCIDING WITH THE 100-YEAR ANNIVERSARY OF ROUTE 66 AND INCLUDES A UNIQUE SERIES OF SIGHTSEEING OPPORTUNITIES UPSIDE GOODS CO 7027 VIA DEL CERRO NE ALBUQUERQUE NM 87113 823211736 10000 0 N/A N/A UPSIDE HOLIDAY MARKET WILL BE THE FIRST OF IT'S KIND TO WORK TOWARDS AN INTERACTIVE EXPERIENCE PARTNERED WITH A TRADITIONAL HOLIDAY MARKET TO SUPPORT LOCAL SMALL BUSINESSES WHILE HOSTING A WELL CURATED HOLIDAY EVENT FOR OUR COMMUNITY. 10 PART I, LINE 2: UPON COMPLETION OF THE GRANT PROJECT, GRANTEES ARE REQUIRED TO SUBMIT A FINAL REPORT. IN THIS REPORT, GRANTEES ARE ASKED TO INCLUDE AN OVERVIEW OF THEIR EXPENSES INCLUDING THE BUDGETED AMOUNT AND ACTUAL EXPENSES FOR THE FOLLOWING CATEGORIES: SUBCONTRACTOR COSTS, NON-CONSTRUCTION MATERIALS, EQUIPMENT AND SUPPLIES, PERSONNEL, CONSTRUCTION RELATED MATERIALS, EQUIPMENT AND SUPPLIES, ADMINISTRATIVE COSTS AND RENTAL OR LEASE EXPENSES. GRANTEES ARE ALSO ASKED TO SUBMIT A DETAILED LIST OF EXPENSES INCLUDING ENTITY AND AMOUNT PAID. ONCE RECEIVED, THE GRANT REVIEW COMMITTEE WILL DISCUSS THE FINAL REPORT AND DECIDE IF THE INFORMATION SUBMITTED IS SUFFICIENT OR REQUIRES MORE DOCUMENTATION BEFORE FINAL FUNDING IS ALLOCATED. X X X X 0 0 0 TANIA ARMENTA PRESIDENT & CEO 224090 0 24029 0 0 0 0 0 20733 0 268852 0 0 0 CEELA MCELVENY VP OF MARKETING & COMMUNICATIONS 134917 0 17062 0 0 0 0 0 18326 0 170305 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, VISIT ABQ IS COMPRISED OF MEMBERS. MEMBERS MAY BE ANY PERSON, FIRM OR CORPORATION INTERESTED IN PROMOTING AND STIMULATING THE CONVENTION, SPORTS AND VISITOR INDUSTRY IN ALBUQUERQUE AND NEW MEXICO AND ARE ELIGIBLE FOR MEMBERSHIP. FORM 990, PART VI, SECTION A, LINE 7A PURSUANT TO VISIT ABQ'S BYLAWS, VOTING DIRECTORS OF THE BOARD ARE ELECTED BY AND FROM THE MEMBERSHIP. AMONG THE ELECTED DIRECTORS, SIX (6) REPRESENT HOTEL OWNERSHIP AND/OR OPERATING INTERESTS, FOUR (4) REPRESENT NON-LODGING INTERESTS IN THE HOSPITALITY INDUSTRY, TWO (2) REPRESENT GENERAL BUSINESS INDUSTRIES, AND ONE (1) NON-LODGING INTEREST MEMBER OF THE LODGERS' TAX ADVISORY BOARD. IN ADDITION TO THE DIRECTORS ELECTED BY THE MEMBERS, CERTAIN DIRECTORS SERVE AS EX-OFFICIO DIRECTORS BY APPOINTMENT FROM VARIOUS ENTITIES, INCLUDING THE FOLLOWING: TWO (2) ALBUQUERQUE CITY COUNCIL MEMBERS OR REPRESENTATIVES, THE MAYOR OR MAYORAL REPRESENTATIVE, THE MANAGER OF THE ALBUQUERQUE CONVENTION CENTER OR REPRESENTATIVE, THE PRESIDENT & CEO OF VISIT ALBUQUERQUE. FORM 990, PART VI, SECTION B, LINE 11B THE 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 FORM 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 IN ADDITION TO THE BOARD POLICY TO DISCLOSE CONFLICTS OF INTEREST ANNUALLY, VISIT ABQ'S BY-LAWS INCLUDE A CONFLICT OF INTEREST STATEMENT. ALSO, 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. FORM 990, PART VI, SECTION B, LINE 15 THE PRESIDENT & CEO'S COMPENSATION IS REVIEWED BY THE BOARD'S COMPENSATION COMMITTEE AND THE SALARY IS APPROVED BY THE COMMITTEE - 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 PRESIDENT/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 INCLUDES INFORMATION FROM GOVERNMENT, NONPROFIT AND INDUSTRY BUSINESSES ARE REVIEWED AND CONSIDERED BY THE COMPENSATION COMMITTEE WHEN SETTING THE PRESIDENT & CEO'S COMPENSATION. AVERAGE PERCENT OF SALARY INCREASE AVAILABLE TO STAFF BASED ON MERIT IS ALSO A FACTOR IN DETERMINING ANNUAL RAISES. THIS PROCESS WAS LAST COMPLETED IN FY 2024. THE OTHER OFFICERS OR KEY EMPLOYEES ARE REVIEWED BY THEIR DESIGNATED MANAGER AND THE PROPOSED SALARIES ARE APPROVED BY THE PRESIDENT & CEO - INDICATED BY A SIGNATURE ON INTERNAL PAYROLL FORMS. INDUSTRY GUIDELINES ARE REGULARLY PUBLISHED BASED ON COMPENSATION AND BENEFIT SURVEYS INDICATING AVERAGE SALARY AND BENEFITS FOR 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 MANAGER(S) AND PRESIDENT & CEO WHEN SETTING THE COMPENSATION. THIS PROCESS WAS LAST COMPLETED IN FY 2024. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION MAKES ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY AND FINANCIAL STATEMENTS AVAILABLE FOR PUBLIC INSPECTION BY REQUEST. THE VP MAINTAINS THESE DOCUMENTS, REVIEWS AND RESPONDS TO REQUESTS. IN ADDITION, THE AUDITED FINANCIAL STATEMENTS ARE POSTED ON ORGANIZATION'S WEBSITE. FORM 990, PART VII, SECTION B, LINE 1 - MCKEE WALLWORK THE MAJORITY OF THE FUNDING PAYS FOR MEDIA PLACEMENTS SO THEY ARE PAYING MEDIA INVOICES WITH THOSE DOLLARS. PART 990, PART XII, LINE 2C THE AUDIT AND FINANCE COMMITTEE ASSUMES RESPONSIBILITY FOR OVERSIGHT OF THE AUDIT OF ITS FINANICAL STATEMENTS AND SELECTION OF AN INDEPENDENT ACCOUNTANT. THIS PROCESS HAS NOT CHANGED FROM THE PREVIOUS YEAR.