Overview
What is Dallas Tourism Public Improvement District Corporation?
The Dallas Tourism Public Improvement District Corporation is a nonprofit organization based in Dallas, Texas, specifically at 1807 Ross Avenue 450. Their primary mission is to enhance the city's convention and group hotel bookings and hotel room night consumption. They achieve this by funding incentives for the Kay Bailey Hutchison Convention Center Dallas, which reduces costs or offers complimentary rental for qualifying events. This strategy has generated an impressive return on investment, with every dollar spent on sales incentives producing an average of $14 in hotel room activity for Dallas. Since its inception in 2012, the DTPID has secured major citywide events, including Aviation Week Conferences & Exhibitions, Heli Expo, and WWE's WrestleMania, among others. In FY22, the DTPID's investments brought 41 major events with $9.3 million in incentives committed. The organization's efforts contribute significantly to Dallas' economy by attracting large-scale events and boosting hotel occupancy.
Official website here: www.dallastpid.com
Is Dallas Tourism Public Improvement District Corporation legitimate?
Dallas Tourism Public Improvement District Corporation is a legitimate nonprofit organization registered as a 501(c)(6) entity. Dallas Tourism Public Improvement District Corporation 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: $26,191
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For more financial information, click here
Official website here: www.dallastpid.com
What is the mission statement of Dallas Tourism Public Improvement District Corporation?
The Dallas Tourism Public Improvement District is a public entity dedicated to enhancing convention and group hotel bookings and increasing hotel room night consumption. Its primary goal is to provide sustainable funding for the city's successful convention and meeting business by offering incentives and sales programs. These initiatives reduce costs or offer complimentary rental for convention centers, enabling Dallas to compete effectively for event business. Incentives and sales efforts accounted for 42.5% of DTPID's spending in FY22, generating a substantial return on investment for both DTPID and the city. Major citywide events attracted by these incentives included the Aviation Week Conferences & Exhibitions, the Heli Expo, and the Mary Kay Seminar, among others. In FY22, DTPID's investments resulted in 41 major events with a combined incentive commitment of $9.3 million.
Official website here: www.dallastpid.com
Who is the CEO of Dallas Tourism Public Improvement District Corporation?
Greg White is the Director of Dallas Tourism Public Improvement District Corporation.
Official website here: www.dallastpid.com
What is the revenue of Dallas Tourism Public Improvement District Corporation?
Dallas Tourism Public Improvement District Corporation's revenue in 2022 was $17,465,477.
Official website here: www.dallastpid.com
Who are the executives of Dallas Tourism Public Improvement District Corporation and what are their salaries?
There 13 volunteers at Dallas Tourism Public Improvement District Corporation.
Here are 14 key members and their salaries:
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Official website here: www.dallastpid.com
Where can I find the form 990 for Dallas Tourism Public Improvement District Corporation?
Dallas Tourism Public Improvement District Corporation's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.dallastpid.com
Learn more at the official website: www.dallastpid.com
Mission Statement of Dallas Tourism Public Improvement District Corporation
The Dallas Tourism Public Improvement District Corporation, a public improvement district, is dedicated to enhancing convention and group hotel bookings and hotel room night consumption within the thriving city of Dallas, Texas. By funding Visit Dallas' incentive and sales programs, the Dallas Tourism Public Improvement District plays a pivotal role in making Dallas a top contender in the competitive market for event business.
Through incentives, the organization reduces costs or offers complimentary rental for the Kay Bailey Hutchison Convention Center Dallas, enabling the city to attract a larger number of conventions and group meetings. These incentives have proven to be a substantial investment, generating an average return on investment of 14 to 1. Since its inception in 2012, every dollar spent on sales incentives by the Dallas Tourism Public Improvement District has resulted in $14 in hotel room night activity for the city.
In fiscal year 2022, the Dallas Tourism Public Improvement District's investment in incentives and sales efforts brought significant citywide events to Dallas. Among these events were Aviation Week Conferences & Exhibitions, HELI-EXPO, the Mary Kay Seminar, the Red River Showdown, the Texas Computer Education Association, Women's Foodservice Annual Forum, and WWE's WrestleMania. In total, the organization paid out $2,615,282 in citywide incentives in fiscal year 2022. This investment led to the booking of 41 major events, with $9.3 million in incentives committed.
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Impact
October, 2024
The Dallas Tourism Public Improvement District Corporation (DTPID) plays a crucial role in enhancing the convention and group hotel market within Dallas, Texas. By focusing on increasing hotel room night consumption and facilitating convention bookings, it provides vital support to the city's economic growth.
In its efforts, DTPID contributes to Visit Dallas' incentive and sales programs, enabling Dallas to compete effectively for major events against other premier cities. The organization’s financial strategy allows it to offer substantial incentives, which reduce costs for hosting events at the Kay Bailey Hutchison Convention Center and elsewhere, thus attracting more business.
The impact of DTPID is quantifiable, with every dollar spent in sales incentives generating an impressive average return on investment of $14 in hotel room night activity since its inception in 2012. This significant ROI demonstrates the effectiveness of DTPID's approach, particularly as group meeting attendees tend to spend more than other visitors, further benefiting the local economy.
In the fiscal year 2022 alone, DTPID’s funding facilitated the booking of 41 major events, culminating in over $9.3 million committed in incentives. These events, which included notable conferences and exhibitions, not only enhance Dallas' reputation as a destination for large-scale gatherings but also stimulate local businesses and services.
Overall, the DTPID's impact extends beyond mere numbers; it fosters community development by attracting tourism, driving economic growth, and ensuring the city remains a competitive player in the convention and meeting industry.
This information is meant to be a general summary of Dallas Tourism Public Improvement District Corporation. 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.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Investment Income: $78,721
- Program Service Revenue: $17,386,756
- Gross Receipts: $17,465,477
Assets and Liabilities:
- Total Assets: $33,484,400
- Total Liabilities: $2,002,792
- Net Assets: $31,481,608
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
HOTEL ASSESSMENT FEES
Revenue
$17,386,756
Organization Details
Founding Year
2012
Phone
(214) 571-1005Principal Officer
Greg White
Main Address
1807 ROSS AVENUE 450, DALLAS, TX, 75201
Website
www.dallastpid.comNTEE Category
Code: S40 - Community improvement
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