Overview
What is San Antonio Tourism Public Improvement District Corporation (Satpid)?
San Antonio Tourism Public Improvement District Corporation (Satpid) is a nonprofit organization headquartered in San Antonio, Texas. Their primary mission is to stimulate group business and events in the city, enhancing the sales process for meeting planners and partners. They aim to create a unique San Antonio experience for these groups, while also streamlining the planning process. To achieve this, they have initiated a Group Business Development Program and in-market customer events. The organization leverages district assessment revenues to boost demand for transient, business, convention, group, and other hotel room nights in San Antonio.
Official website here: www.satpid.com
Is San Antonio Tourism Public Improvement District Corporation (Satpid) legitimate?
San Antonio Tourism Public Improvement District Corporation (Satpid) is a legitimate nonprofit organization registered as a 501(c)(6) entity. San Antonio Tourism Public Improvement District Corporation (Satpid) 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.
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Other Salaries and Wages: $253,956
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Official website here: www.satpid.com
What is the mission statement of San Antonio Tourism Public Improvement District Corporation (Satpid)?
The San Antonio Tourism Public Improvement District Corporation (Satpid) aims to utilize assessment revenue to boost demand for hotel room nights for various types of stay, including transient, business, convention, group, and other purposes. Their mission is to ensure the responsible and judicious allocation of these revenues towards this objective. To achieve this, they focus on driving group events, conventions, and trade shows to San Antonio, strategically managing and simplifying the sales process for meeting planners and partners. They also work on enhancing and streamlining the planning process for their clients while providing an authentic experience of the city. Satpid has initiated a group business development program and in-market customer events to further these objectives.
Official website here: www.satpid.com
Who is the CEO of San Antonio Tourism Public Improvement District Corporation (Satpid)?
Natalie Balderrama is the Board Member - Chair of San Antonio Tourism Public Improvement District Corporation (Satpid).
Official website here: www.satpid.com
What is the revenue of San Antonio Tourism Public Improvement District Corporation (Satpid)?
San Antonio Tourism Public Improvement District Corporation (Satpid)'s revenue in 2022 was $10,328,992.
Official website here: www.satpid.com
Who are the executives of San Antonio Tourism Public Improvement District Corporation (Satpid) and what are their salaries?
Here are 14 key members and their salaries:
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Official website here: www.satpid.com
Where can I find the form 990 for San Antonio Tourism Public Improvement District Corporation (Satpid)?
San Antonio Tourism Public Improvement District Corporation (Satpid)'s most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.satpid.com
Learn more at the official website: www.satpid.com
Mission Statement of San Antonio Tourism Public Improvement District Corporation (Satpid)
San Antonio Tourism Public Improvement District Corporation (Satpid) aims to utilize the revenue generated from district assessments to boost the demand for transient, business, convention, group, and other hotel room nights in the city. Their primary objective is to ensure the effective and prudent allocation of these funds, with the ultimate goal of increasing hotel occupancy.
To achieve this, Satpid focuses on driving groups to hold meetings, conventions, and trade shows in San Antonio. They strategically manage and simplify the sales process for meeting planners and partners, aiming to make it more convenient and streamlined. Furthermore, Satpid curates an authentic San Antonio experience, enhancing and streamlining the planning process for their partners. They have initiated a Group Business Development Program and In-Market Customer Events to further their objectives.
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Impact
October, 2024
The San Antonio Tourism Public Improvement District Corporation (SATPID) plays a pivotal role in enhancing the city's tourism landscape by leveraging district assessment revenues to boost demand for hotel room nights. Its primary focus is to attract and facilitate meetings, conventions, and trade shows, positioning San Antonio as a desirable destination for both business and leisure travelers.
SATPID streamlines the sales process for meeting planners and partners, providing them with essential support to organize successful events. This includes launching initiatives such as group business development programs and in-market customer events, which create opportunities for engagement and promote the unique offerings of San Antonio. By enhancing the planning process and curating authentic local experiences, SATPID not only drives visitor consumption in the hotel sector but also supports the overall economic development of the region.
The impact of SATPID extends beyond immediate financial benefits; it fosters community improvement and strengthens San Antonio's position within the competitive tourism market, ultimately benefiting local businesses and the broader community.
This information is meant to be a general summary of San Antonio Tourism Public Improvement District Corporation (Satpid). 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.
- Gross Receipts: $10,328,992
Assets and Liabilities:
- Total Assets: $12,696,299
- Total Liabilities: $1,880,197
- Net Assets: $10,816,102
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Organization Details
Founding Year
2019
Phone
(210) 244-2099Principal Officer
Natalie Balderrama
Main Address
110 LOSOYA ST, SAN ANTONIO, TX, 78205
Website
www.satpid.comNTEE Category
Code: S40 - Community improvement
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