Philadelphia Convention & Visitors Bureau

Learn about this cause: What are the reviews? Is it Legit? Do I like the mission? What is the CEO's salary?

EIN: 230969325 ✦ Philadelphia, PA ✦ Designated as a 501(c)(6)

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Overview

What is Philadelphia Convention & Visitors Bureau?

The Philadelphia Convention & Visitors Bureau (PHLCVB) is a vital nonprofit organization based in Philadelphia, Pennsylvania. Its primary mission is to drive overnight visitation by booking and servicing conventions, meetings, trade shows, and sporting events in the Pennsylvania Convention Center, member hotels, and off-site venues. This role is crucial for the city's tourism industry, providing a solid foundation for the economy and securing hospitality-related jobs. The organization operates three key verticals: PHL Diversity, PHL Life Sciences, and PHL Sports. In 2021, after the initial recovery from the COVID-19 pandemic, PHLCVB secured 136 future events, estimated to bring approximately 526,000 attendees and 302,534 room nights. In the realm of life sciences, the PHLCVB leveraged its expertise to help navigate health and safety concerns caused by the pandemic, earning recognition as a trendsetter and excellence award recipient. In sports, the organization successfully hosted major events and booked 41 future sporting events.


Official website here: www.discoverphl.com

What are the reviews and ratings of this charity?

The Philadelphia Convention & Visitors Bureau is not currently rated by Charity Navigator. The absence of a rating does not imply a negative or positive evaluation, but rather that the organization does not meet the criteria for a comprehensive assessment. This is primarily because it is not registered as a 501(c)(3) nonprofit, which affects its eligibility for standard evaluation metrics including Accountability, Finance, and Impact scores.

The organization is described as independent and not affiliated with other bodies. While there is data available from IRS Forms 990, insufficient financial details such as total revenue, expenses, or key person salaries are provided. This lack of data limits the capacity to assess financial health and operational transparency thoroughly.

Without user reviews on GreatNonprofits, further insights into the organization’s community impact, client experiences, or internal culture are unavailable. Consequently, understanding specific strengths or potential areas for improvement from a stakeholder perspective remains challenging.


This AI summary has been generated from information found on Charity Navigator.

Is Philadelphia Convention & Visitors Bureau legitimate?

Philadelphia Convention & Visitors Bureau is a legitimate nonprofit organization registered as a 501(c)(6) entity. Philadelphia Convention & Visitors Bureau submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.


Heare are some key statistics you may want to consider:

Executive Compensation: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $5,367,865

For more financial information, click here


Official website here: www.discoverphl.com

What is the mission statement of Philadelphia Convention & Visitors Bureau?

The Philadelphia Convention & Visitors Bureau (PHLCVB) functions as the official tourism promotion agency for the city of Philadelphia on a global scale, while also serving as the long-term sales and marketing agency for the Pennsylvania Convention Center. Their primary objective is to market Philadelphia as a top destination in the United States for meetings, conventions, sporting events, and overseas tourism. Prior to the COVID-19 pandemic, the PHLCVB generated an annual economic impact of over $1 billion for the city by driving overnight visitation and filling hotel rooms. As a membership organization with over 550 partners, they facilitate connections between local businesses and meeting and event planners, offering convention sales, destination services, and incentives to attract and rebook major events. The PHLCVB takes pride in being an economic engine, customer advocate, and champion for the city. Their initiatives focus on the following key programs: sales efforts to attract and rebook major conventions, trade shows, meetings, and sporting events, as well as global tourism initiatives.


Official website here: www.discoverphl.com

Who is the CEO of Philadelphia Convention & Visitors Bureau?

Gregg Caren is the Pres. & Ceo of Philadelphia Convention & Visitors Bureau. The CEO's salary of Philadelphia Convention & Visitors Bureau is $356,587 and their total compensation is $371,704.


Official website here: www.discoverphl.com

What is the revenue of Philadelphia Convention & Visitors Bureau?

Philadelphia Convention & Visitors Bureau's revenue in 2022 was $20,955,897.


Official website here: www.discoverphl.com

Who are the executives of Philadelphia Convention & Visitors Bureau and what are their salaries?

The average compensation at Philadelphia Convention & Visitors Bureau during 2022 was $89,464. There are 60 employees at Philadelphia Convention & Visitors Bureau.


Here are 8 key members and their salaries (Philadelphia Convention & Visitors Bureau's CEO's salary is $356,587 and their total compensation is $371,704):


Gregg Caren (Pres. & Ceo)
  • Compensation: $356,587
  • Related: $0
  • Other: $15,117
Maria Grasso (Sr Vp Conv D)
  • Compensation: $158,168
  • Related: $0
  • Other: $51,230
Kavin Schieferdecker (Sr Vp Conv D)
  • Compensation: $166,594
  • Related: $0
  • Other: $42,319
Arthur M Ayres (Sr Vp Of Fin)
  • Compensation: $153,202
  • Related: $0
  • Other: $40,501
Joseph Heller (Vp Marcom)
  • Compensation: $151,618
  • Related: $0
  • Other: $32,902
Kevin Richards (Natl Account)
  • Compensation: $161,936
  • Related: $0
  • Other: $19,093
Larry Needle (Exec Dir Ph)
  • Compensation: $115,724
  • Related: $0
  • Other: $33,350
See Attached For The Bod List (Bod)
  • Compensation: $0
  • Related: $0
  • Other: $0


Official website here: www.discoverphl.com

Where can I find the form 990 for Philadelphia Convention & Visitors Bureau?

Philadelphia Convention & Visitors Bureau's most recent form 990 was submitted in 2022 and can be accessed here.


Official website here: www.discoverphl.com

Learn more at the official website: www.discoverphl.com

Mission Statement of Philadelphia Convention & Visitors Bureau

The Philadelphia Convention & Visitors Bureau (PHLCVB) functions as the official tourism promotion agency for the city of Philadelphia on a global scale, and acts as the long-term sales and marketing agent for the Pennsylvania Convention Center. With a focus on marketing Philadelphia as a premier destination for meetings, conventions, sports events, and overseas tourism, the PHLCVB brought about over 1 billion dollars in annual economic impact for the city before the COVID-19 pandemic. As a membership organization with over 550 partners, the PHLCVB serves as a bridge between local businesses and meeting and event planners, facilitating valuable convention business opportunities. The PHLCVB proudly identifies itself as an economic engine, customer advocate, and champion for Philadelphia, with initiatives centered around the following key programs: convention sales, which involve sales, destination services, and incentive efforts to attract and rebook major conventions, trade shows, meetings, and sporting events; and global tourism, which encompasses marketing campaigns targeting international visitors.

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Impact




October, 2024

The Philadelphia Convention & Visitors Bureau (PHLCVB) plays a pivotal role in the city’s economy by marketing Philadelphia as a prime destination for meetings, conventions, sporting events, and international tourism. Prior to the COVID-19 pandemic, the PHLCVB generated over $1 billion in annual economic impact, primarily by increasing overnight visits, thereby benefiting local hotels and related businesses.

By connecting local businesses with event planners and convention opportunities, the PHLCVB acts as an economic engine for the region. In 2021, as part of the recovery phase from the pandemic, the bureau secured 136 future events projected to attract around 526,000 attendees, significantly boosting local hotel occupancy and revenue.

The PHLCVB also emphasizes specialized programs like PHL Life Sciences, PHL Sports, and PHL Diversity, which help drive targeted tourism sectors. For instance, its focus on life sciences not only provides expertise but also helps navigate health concerns, fostering safe event planning in the wake of COVID-19.

Moreover, its initiatives have reinvigorated the local economy, maintaining and securing hospitality-related jobs, further solidifying Philadelphia’s position as a dynamic and thriving destination for travelers and event organizers alike. Overall, the impact of the PHLCVB extends beyond tourism to encompass community improvement and economic resilience for Philadelphia.




This information is meant to be a general summary of Philadelphia Convention & Visitors Bureau. Please take the time to review official sources before making any decisions based upon the content provided here.


Financials

This financial information is from Propublica.

Revenue
$20,955,897 (2022)
Expenses
$12,604,123 (2022)
Efficiency

Other financial information:

This information is from the most recently submitted tax form from this organization, which was in 2022.

  • Investment Income: $62,704
  • Program Service Revenue: $4,232,509
  • Gross Receipts: $20,955,897

Assets and Liabilities:

  • Total Assets: $21,636,489
  • Total Liabilities: $7,817,508
  • Net Assets: $13,818,981

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Programs

Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.

MARKETING & SERVICE CONTRACT

Revenue

$4,176,000

PUBLICATION REVENUE

Revenue

$56,509

Organization Details

Founding Year

1942

Principal Officer

Gregg Caren

Main Address

1601 MARKET ST SUITE 200, PHILADELPHIA, PA, 19102

NTEE Category

Code: S33 - Community improvement

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