Overview
What is Arlington Tourism Public Improvement District Corporation?
Arlington Tourism Public Improvement District Corporation, abbreviated as TPID, is a nonprofit organization located in Arlington, Texas. The primary objective of TPID is to enhance convention and group hotel bookings within the city, leading to increased hotel room night consumption. They achieve this by levying a 2% assessment on hotels with 75 or more rooms within a designated district and utilizing the generated revenue to attract convention groups to Arlington, thereby boosting local sales taxes. By promoting Arlington as a tourist destination, TPID contributes to the city's economy, potentially saving residents an annual average of a thousand dollars through increased tax revenue from non-local groups.
Official website here: www.atpid.com
Is Arlington Tourism Public Improvement District Corporation legitimate?
Arlington Tourism Public Improvement District Corporation is a legitimate nonprofit organization registered as a 501(c)(6) entity. Arlington 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: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $44,821
For more financial information, click here
Official website here: www.atpid.com
What is the mission statement of Arlington Tourism Public Improvement District Corporation?
The Arlington Tourism Public Improvement District Corporation, often referred to as TPID, has a mission to enhance convention and group hotel bookings, as well as the consumption of hotel room nights. This mission is aimed at boosting tourism and attracting visitors to the city, which in turn increases revenue through sales taxes from food, beverage, transportation, and entertainment expenditures. By providing incentives for convention groups to choose Arlington over other cities and actively marketing the city to potential tourists, TPID contributes to the local economy, potentially saving residents significant amounts of money annually.
Official website here: www.atpid.com
Who is the CEO of Arlington Tourism Public Improvement District Corporation?
Brent Deraad is the CEO of Arlington Tourism Public Improvement District Corporation The CEO's salary of Arlington Tourism Public Improvement District Corporation is $0 and their total compensation is $398,881.
Official website here: www.atpid.com
What is the revenue of Arlington Tourism Public Improvement District Corporation?
Arlington Tourism Public Improvement District Corporation's revenue in 2023 was $3,319,212.
Official website here: www.atpid.com
Who are the executives of Arlington Tourism Public Improvement District Corporation and what are their salaries?
There 9 volunteers at Arlington Tourism Public Improvement District Corporation.
Here are 19 key members and their salaries (Arlington Tourism Public Improvement District Corporation's CEO's salary is $0 and their total compensation is $398,881):
- Compensation: $0
- Related: $340,710
- Other: $58,171
- Compensation: $0
- Related: $229,141
- Other: $25,237
- Compensation: $0
- Related: $193,378
- Other: $21,686
- Compensation: $0
- Related: $172,701
- Other: $28,649
- Compensation: $0
- Related: $167,399
- Other: $18,968
- Compensation: $0
- Related: $155,445
- Other: $24,340
- Compensation: $0
- Related: $131,608
- Other: $35,240
- Compensation: $0
- Related: $122,338
- Other: $22,573
- Compensation: $0
- Related: $114,456
- Other: $20,551
- Compensation: $0
- Related: $105,920
- Other: $20,125
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Official website here: www.atpid.com
Where can I find the form 990 for Arlington Tourism Public Improvement District Corporation?
Arlington Tourism Public Improvement District Corporation's most recent form 990 was submitted in 2023 and can be accessed here.
Official website here: www.atpid.com
Learn more at the official website: www.atpid.com
Mission Statement of Arlington Tourism Public Improvement District Corporation
The Arlington Tourism Public Improvement District Corporation, often referred to as TPID, is dedicated to enhancing convention and group hotel bookings as well as the consumption of hotel room nights within its jurisdiction. This nonprofit organization's mission is to attract convention groups to Arlington, Texas, instead of other nearby cities. By successfully marketing Arlington as an attractive destination, TPID stimulates various economic activities, such as food and beverage purchases, hotel stays, transport expenses, and entertainment experiences. This influx of non-local groups results in an increased collection of sales taxes, which ultimately benefits the average Arlington resident by saving them approximately a thousand dollars annually.
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Impact
October, 2024
The Arlington Tourism Public Improvement District Corporation (TPID) significantly enhances the city's economy by focusing on increasing convention and group hotel bookings. By implementing a 2% assessment on hotels with 75 or more rooms within the designated district, the TPID generates revenue that is strategically reinvested to attract convention groups to Arlington instead of competing cities. This initiative not only markets Arlington as an attractive destination but also stimulates local spending.
The influx of convention attendees leads to increased sales taxes from various sectors, including food and beverage, hospitality, transportation, and entertainment. This additional revenue can offset taxes, ultimately saving the average resident of Arlington nearly a thousand dollars annually.
Furthermore, the focus on bringing in tourists supports local employment, contributing to job creation in the hospitality and service sectors. Overall, the impact of TPID is profound, as it fuels economic growth, enhances the city’s profile as a destination, and ensures a favorable financial environment for local residents.
This information is meant to be a general summary of Arlington 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 2023.
- Investment Income: $68,280
- Program Service Revenue: $3,250,932
- Gross Receipts: $3,319,212
Assets and Liabilities:
- Total Assets: $2,074,644
- Total Liabilities: $28,892
- Net Assets: $2,045,752
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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
$3,250,932
Organization Details
Founding Year
2015
Principal Officer
Stacey Snyder
Website
www.atpid.comNTEE Category
Code: J03 - Employment
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