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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.




    Sunday, April 14, 2024

    The Philadelphia Convention & Visitors Bureau plays a significant role in driving economic impact for the city of Philadelphia. Prior to the COVID-19 pandemic, the PHLCVB generated over $1 billion in annual economic impact by promoting overnight visitation and attracting major events to the city. With a focus on marketing Philadelphia as a top destination for meetings, conventions, sporting events, and tourism, the PHLCVB serves as an economic engine that supports local businesses and drives job creation in the hospitality sector.

    In 2021, despite the challenges posed by the pandemic, the PHLCVB saw a steady recovery in the hospitality industry, with key metrics like hotel occupancy rates, average daily rates, and revenue per available room showing improvement over the previous year. Through its Convention Sales program, the PHLCVB secured numerous future events, bringing in estimated attendees and room nights that will further boost the city's economy.

    Additionally, the PHLCVB's specialized divisions, such as PHL Life Sciences and PHL Sports, focus on attracting events in these strategic sectors, leveraging the expertise of Philadelphia's medical and scientific community to host safe and successful gatherings. The bureau's commitment to diversity is also evident through initiatives like PHL Diversity, which promotes inclusivity and brings a wide range of events to the city.

    Overall, the impact of the Philadelphia Convention & Visitors Bureau extends beyond mere tourism promotion, as it serves as a vital partner in driving economic growth, fostering community improvement, and showcasing Philadelphia as a premier destination for all types of events.





    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