Overview
What is Waco Tourism Public Improvement District Corporation?
Waco Tourism Public Improvement District Corporation is a nonprofit organization established in Waco, Texas. Its primary objective is to promote and enhance business within the hotel industry within the city for the benefit of its stakeholders. To achieve this, the corporation funds advertising and promotional activities, as well as business recruitment initiatives, primarily through the Waco Convention Center and Visitors Bureau. By doing so, the corporation aims to attract additional large group and transient business to Waco, thereby generating financial resources for the district's operations and administration.
Official website here: www.wacotpid.com
Is Waco Tourism Public Improvement District Corporation legitimate?
Waco Tourism Public Improvement District Corporation is a legitimate nonprofit organization registered as a 501(c)(6) entity. Waco 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.
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Official website here: www.wacotpid.com
What is the mission statement of Waco Tourism Public Improvement District Corporation?
The Waco Tourism Public Improvement District Corporation's primary objective is to foster and strengthen the hotel industry. Its mission is to promote business growth within this sector, benefitting its stakeholders. The corporation conducts various activities, including funding enhanced sales and advertising and promotional initiatives, primarily through the Waco Convention Center and Visitors Bureau. These efforts aim to attract additional large group and transient business to the corporation, adhering to criteria set by its board of directors. The corporation also generates financial resources for its operation and administration, ensuring the delivery of services and improvements in a cost-effective and efficient manner.
Official website here: www.wacotpid.com
Who is the CEO of Waco Tourism Public Improvement District Corporation?
Justin Edwards is the Chair of Waco Tourism Public Improvement District Corporation.
Official website here: www.wacotpid.com
What is the revenue of Waco Tourism Public Improvement District Corporation?
Waco Tourism Public Improvement District Corporation's revenue in 2022 was $1,332,164.
Official website here: www.wacotpid.com
Who are the executives of Waco Tourism Public Improvement District Corporation and what are their salaries?
There 10 volunteers at Waco Tourism Public Improvement District Corporation.
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Official website here: www.wacotpid.com
Where can I find the form 990 for Waco Tourism Public Improvement District Corporation?
Waco Tourism Public Improvement District Corporation's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.wacotpid.com
Learn more at the official website: www.wacotpid.com
Mission Statement of Waco Tourism Public Improvement District Corporation
The Waco Tourism Public Improvement District Corporation, in its mission, aims to advance and promote the hotel industry in an unspecified city. Its primary purpose is to benefit stakeholders within this industry by executing necessary and convenient activities. These activities encompass business recruitment, which involves attracting additional large group and transient business to the city, as well as advertising and promotional activities. These initiatives are primarily implemented by the Waco Convention Center and Visitors Bureau.
Furthermore, the corporation funds marketing and sales/incentive programs to accomplish these goals. These programs are designed to attract additional citywide business that meets the criteria adopted by the Corporation's Board of Directors. The corporation also generates financial resources for the operation and administration of the Waco Tourism Public Improvement District (the "District"), ensuring the delivery of services and improvements through a cost-effective and easy-to-administer manner.
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Impact
October, 2024
The Waco Tourism Public Improvement District Corporation significantly impacts the local hotel industry and overall economic landscape of Waco, Texas. By advancing and promoting the hotel sector, the organization plays a crucial role in enhancing business recruitment and increasing tourism, which greatly benefits local stakeholders.
Through funding enhanced sales and targeted advertising initiatives, the corporation collaborates with the Waco Convention Center and Visitors Bureau to attract citywide events and transient business. This not only boosts occupancy rates in local hotels but also stimulates economic activity in surrounding businesses, such as restaurants and entertainment venues, creating a more vibrant community.
The corporation's efforts in marketing, sales incentives, and promotional activities are aimed at drawing large groups and visitors to Waco, contributing to increased tourism revenue. By generating financial resources for the operation of the district and ensuring cost-effective delivery of services, the Waco Tourism Public Improvement District Corporation fosters a sustainable growth environment that ultimately enriches the community and promotes long-term economic development.
This information is meant to be a general summary of Waco 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: $9,030
- Program Service Revenue: $1,323,134
- Gross Receipts: $1,332,164
Assets and Liabilities:
- Total Assets: $1,726,516
- Total Liabilities: $104,005
- Net Assets: $1,622,511
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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
$1,323,134
Organization Details
Founding Year
2020
Phone
(254) 855-7354Principal Officer
Justin Edwards
Main Address
424 Clay Ave 2343, Waco, TX, 767069998
Website
www.wacotpid.comNTEE Category
Code: S41 - Community improvement
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