Overview
What is Arlington Convention And Visitors Bureau Inc?
Arlington Convention and Visitors Bureau Inc, based in Arlington, Texas, serves as a promotional entity for the city. Its primary mission is to market and develop Arlington as a renowned destination for sports, business, and leisure entertainment. This nonprofit organization aims to generate new tourism spending benefits for the visitor industry, the community, and its residents. To achieve this goal, the bureau solicits small and medium-sized conventions to host their meetings at the Arlington Convention Center. By doing so, it generates revenue for the city, contributes to sales tax and hotel occupancy tax revenues, and ultimately boosts the local economy. The bureau successfully booked 148 conventions for future dates in 2021, surpassing its target of 125,000 hotel room nights by 124.5%. With a team of 34 dedicated employees, the Arlington Convention and Visitors Bureau Inc actively works towards making Arlington an attractive and lucrative tourism destination.
Official website here: www.arlington.org
Is Arlington Convention And Visitors Bureau Inc legitimate?
Arlington Convention And Visitors Bureau Inc is a legitimate nonprofit organization registered as a 501(c)(6) entity. Arlington Convention And Visitors Bureau Inc 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: $1,452,365
Professional Fundraising Fees: $0
Other Salaries and Wages: $1,422,374
For more financial information, click here
Official website here: www.arlington.org
What is the mission statement of Arlington Convention And Visitors Bureau Inc?
The Arlington Convention and Visitors Bureau's mission is to promote the city as a premier destination for sports, business, and leisure entertainment. This is done to generate new benefits for the visitor industry, the community, and its residents. By marketing and developing the city, the bureau aims to attract small and medium-sized conventions, which in turn generates revenue for the city and additional sales and hotel occupancy taxes. The bureau's goal is to achieve 125,000 hotel room nights, and in 2021, they booked 148 conventions to take place at a later date, surpassing their target with 124.5% achievement.
Official website here: www.arlington.org
Who is the CEO of Arlington Convention And Visitors Bureau Inc?
Brent Deraad is the Principal Officer of Arlington Convention And Visitors Bureau Inc. The CEO's salary of Arlington Convention And Visitors Bureau Inc is $0 and their total compensation is $0.
Official website here: www.arlington.org
What is the revenue of Arlington Convention And Visitors Bureau Inc?
Arlington Convention And Visitors Bureau Inc's revenue in 2022 was $10,406,905.
Official website here: www.arlington.org
Who are the executives of Arlington Convention And Visitors Bureau Inc and what are their salaries?
The average compensation at Arlington Convention And Visitors Bureau Inc during 2022 was $84,551. There are 34 employees and 25 volunteers at Arlington Convention And Visitors Bureau Inc.
Here are 32 key members and their salaries (Arlington Convention And Visitors Bureau Inc's CEO's salary is $0 and their total compensation is $0):
- Compensation: $379,251
- Related: $0
- Other: $32,221
- Compensation: $261,800
- Related: $0
- Other: $24,298
- Compensation: $203,238
- Related: $0
- Other: $20,546
- Compensation: $192,323
- Related: $0
- Other: $17,279
- Compensation: $175,758
- Related: $0
- Other: $20,820
- Compensation: $140,392
- Related: $0
- Other: $17,683
- Compensation: $135,638
- Related: $0
- Other: $17,269
- Compensation: $117,648
- Related: $0
- Other: $17,422
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Official website here: www.arlington.org
Where can I find the form 990 for Arlington Convention And Visitors Bureau Inc?
Arlington Convention And Visitors Bureau Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.arlington.org
Learn more at the official website: www.arlington.org
Mission Statement of Arlington Convention And Visitors Bureau Inc
Arlington Convention and Visitors Bureau Inc is dedicated to promoting Arlington as a premier destination for sports, business, and leisure entertainment. Their mission is to attract a significant number of conventions, which in turn generates revenue for the city and contributes to its economic growth. By marketing and developing the city, they aim to boost tourism spending benefits for the visitor industry, community, and its residents. The bureau solicits small and medium-sized conventions to host their meetings at the Arlington, Texas Convention Center, a city-owned facility. Conventions held at the center generate revenue for the city and contribute to the city's sales and hotel occupancy tax income. The bureau's goal is to book 125,000 hotel room nights, which they successfully surpassed with 155,637 room nights, achieving a 124.5% success rate. They booked 148 conventions to be held at the center in the future.
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Impact
October, 2024
The Arlington Convention and Visitors Bureau (ACVB) significantly boosts the local economy by promoting Arlington, Texas, as a prime destination for sports, business, and leisure activities. Its strategic marketing and development efforts attract conventions, leading to a measurable increase in tourism spending that benefits the visitor industry and enhances community resources.
Through its focus on securing small and medium-sized conventions at the Arlington Convention Center, ACVB generates substantial revenue for the city. Not only do these events bring in hotel bookings — with the bureau surpassing its goal of 125,000 hotel room nights by achieving 155,637 — they also contribute to vital local tax revenues, including sales tax and hotel occupancy tax.
In the past year alone, the bureau successfully booked 148 conventions for future dates, further cementing Arlington's reputation as a competitive destination for gatherings. The impact of ACVB extends beyond merely attracting visitors; it fosters community improvement and growth, ensuring that Arlington continues to thrive as a hub for entertainment and business activities.
This information is meant to be a general summary of Arlington Convention And Visitors Bureau Inc. 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: $7,643
- Program Service Revenue: $8,828,932
- Gross Receipts: $10,406,905
Assets and Liabilities:
- Total Assets: $6,105,118
- Total Liabilities: $701,029
- Net Assets: $5,404,089
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
ANNUAL MEETING
Revenue
$23,275
ARLINGTON CULTURAL TOURIS
Revenue
$2,656,859
ARLINGTON POLE DISPLAY BA
Revenue
$90,617
COOPERATIVE MARKETING
Revenue
$8,181
PROGRAM SERVICE REVENUE
Revenue
$6,050,000
Organization Details
Founding Year
1992
Phone
(817) 265-7721Principal Officer
Brent Deraad
Main Address
1717 E RANDOL MILL RD 101, ARLINGTON, TX, 76011
Website
www.arlington.orgNTEE Category
Code: S33 - Community improvement
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