Overview
What is Visitor Development Fund Inc?
Visitor Development Fund Inc, based in Portland, Oregon, is a nonprofit organization situated at 100 SW MAIN ST 1100. Their primary mission is to boost tourism in the city, aiming to maximize hotel occupancy and vehicle rentals. They accomplish this by providing financial support to events, promotions, and related organizations. This nonprofit follows a strategic plan and budget to effectively allocate the revenues from the increment in the Multnomah County Transient Lodging Tax and Vehicle Rental Tax, ensuring the attraction of visitors to Portland and Multnomah County, ultimately benefiting the local economy.
Is Visitor Development Fund Inc legitimate?
Visitor Development Fund Inc is a legitimate nonprofit organization registered as a 501(c)(6) entity. Visitor Development Fund 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.
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What is the mission statement of Visitor Development Fund Inc?
The Visitor Development Fund Inc's mission is to manage the funds generated from a 2.5% increase in the Multnomah County transient lodging and vehicle rental taxes. The primary objective is to utilize these funds to attract visitors to Portland, aiming to maximize hotel occupancy and vehicle rentals within the city. This is achieved by allocating the funds to support tourism-related events, promotions, and organizations. The ultimate goal is to boost the city's tourism industry, enhancing its economic growth and development.
Who is the CEO of Visitor Development Fund Inc?
Alex Dawes is the Chair of Visitor Development Fund Inc.
What is the revenue of Visitor Development Fund Inc?
Visitor Development Fund Inc's revenue in 2022 was $1,322,451.
Who are the executives of Visitor Development Fund Inc and what are their salaries?
There 10 volunteers at Visitor Development Fund Inc.
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Where can I find the form 990 for Visitor Development Fund Inc?
Visitor Development Fund Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Visitor Development Fund Inc
Visitor Development Fund Inc, a nonprofit organization, is dedicated to an important mission. Their primary objective is to draw tourists to Portland, aiming to maximize hotel occupancy and vehicle rentals within the city. To achieve this goal, the fund plans, budgets for, and oversees the allocation of revenue derived from a 2.5% increase in the Multnomah County transient lodging tax and vehicle rental tax. These funds are then utilized to attract visitors to Portland and Multnomah County, ultimately boosting hotel occupancy and vehicle rentals within the city. To further support this mission, Visitor Development Fund Inc makes grants to organizations, events, and promotions that are tourism-related.
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Impact
October, 2024
Visitor Development Fund Inc plays a significant role in boosting Portland's economy by attracting visitors to the city. By strategically managing the allocation of revenues from the 2.5% increase in the Multnomah County transient lodging tax and vehicle rental tax, the organization focuses on maximizing hotel occupancy and vehicle rentals.
Through grants, it supports tourism-related events, promotions, and organizations, fostering a vibrant atmosphere that enhances the visitor experience. These efforts not only increase foot traffic to local businesses but also stimulate job creation and community engagement. By positioning Portland as a desirable destination, Visitor Development Fund Inc contributes to the overall improvement of the community and the sustainability of its tourism industry.
This information is meant to be a general summary of Visitor Development Fund 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: $127
- Gross Receipts: $1,322,451
Assets and Liabilities:
- Total Assets: $9,399,717
- Total Liabilities: $5,146,064
- Net Assets: $4,253,653
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Organization Details
Founding Year
2001
Phone
(503) 275-9750Principal Officer
Alex Dawes
Main Address
100 SW MAIN ST 1100, PORTLAND, OR, 97204
NTEE Category
Code: S46 - Community improvement
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