Philadelphia Convention & Visitors Bureau

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

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

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

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 not tax deductible.

Here 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) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0


  • Official website here: www.discoverphl.com

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

    The 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.

    Impact

    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.




    Thursday, August 15, 2024

    The Philadelphia Convention & Visitors Bureau has a significant impact on the city of Philadelphia by driving overnight visitation and putting "heads in beds." Prior to the COVID-19 pandemic, the PHLCVB generated more than $1 billion in annual economic impact for Philadelphia by attracting meetings, conventions, sporting events, and overseas tourism.

    In 2021, the PHLCVB played a crucial role in the recovery of Philadelphia's hospitality industry. Despite the challenges posed by the pandemic, the organization secured 136 future events with an estimated 526,000 attendees, generating approximately 302,534 total room nights. This demonstrates the PHLCVB's ability to attract and support large-scale events that contribute to the city's economy.

    Furthermore, the PHLCVB's specific programs like PHL Life Sciences and PHL Sports have successfully booked major events that showcase Philadelphia's expertise and passion in these areas. For instance, the PHLCVB leveraged its decades of life sciences experience to advise on health and safety concerns during the pandemic, while also bringing in sporting events like the USA Fencing National Championships to the Pennsylvania Convention Center.

    Overall, the Philadelphia Convention & Visitors Bureau serves as an economic engine, customer advocate, and champion for Philadelphia by promoting the city as a top U.S. destination for tourism and events. Its efforts not only support local businesses but also contribute to the cultural and economic growth of Philadelphia as a whole.





    Financials

    This financial information is from Propublica.

    Revenue
    Expenses
    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
  • 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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