Memphis Tourism Corporation is a visitor or convention bureau based in Memphis, TN that was founded in 1978. As of 2018 they had $16 million in revenue and $32 million in assets.
The official destination marketing organization dedicated to actively grow the memphis and shelby county economy by attracting visitors, conventions and events. To promote memphis as a convention and tourism destination, assist organizations involved ...
Previous legal names or variations of their name include: Memphis Convention And Visitors Bureau.
EIN:
62-1025301
City:
State:
Website:
Facebook:
Twitter:
Founded:
1978
Type:
501(c)(6)
NTEE:
Revenue:
$16,149,071
Assets:
$32,756,532
Employees:
57
Fiscal year end:
June
Program areas at Memphis Tourism Corporation
Convention sales - promote memphis to various segments of meeting and convention markets, amateur sports markets and tour and travel markets to attract groups, meetings and events to the city.
Visitor information centers - provide hospitable facilities with staff that offers friendly service and accurate information which encourages visitors to consider memphis a desirable travel destination and increase the length of stay in memphis and shelby county.
Destination marketing - promote memphis as a tourist destination by generating media coverage, advertising memphis worldwide and producing map and tourist guides.
Form 990s for Memphis Tourism Corporation
| Fiscal year ending | Date received by IRS | Form | PDF link |
|---|
| 2018-06 | Sep 14, 2019 | 990 | View PDF |
| 2017-06 | Oct 16, 2018 | 990 | View PDF |
| 2016-06 | Sep 20, 2017 | 990O | View PDF |
| 2015-06 | Aug 5, 2016 | 990O | View PDF |
| 2014-06 | Mar 3, 2015 | 990O | View PDF |
| ...and four more Form 990 PDFs |
Financials for Memphis Tourism Corporation
| Field | 2018 | 2017 | % Change |
|---|
| Federated campaigns | $0 | $0 | |
| Membership dues | $223,715 | $220,257 | 1.6% |
| Fundraising event contributions | $0 | $0 | |
| Related organizations | $0 | $0 | |
| Government grants (contributions) | $15,366,431 | $19,286,014 | -20.3% |
| Normal grants, contributions, etc. | $6,805 | $26,177 | -74.0% |
| <em>Non-cash contributions included in above</em> | $6,805 | $26,177 | -74.0% |
| Total grants, contributions, etc. | $15,596,951 | $19,532,448 | -20.1% |
| Field | 2018 | 2017 | % Change |
|---|
| Total grants, contributions, etc. | $15,596,951 | $19,532,448 | -20.1% |
| Program services | $0 | $0 | |
| Investment income and dividends | $86,321 | $32,669 | 164.2% |
| Tax-exempt bond proceeds | $0 | $0 | |
| Royalty revenue | $0 | $0 | |
| Net rental income | $0 | $0 | |
| Net gain from sale of non-inventory assets | $0 | $0 | |
| Net income from fundraising events | $0 | $0 | |
| Net income from gaming activities | $0 | $0 | |
| Net income from sales of inventory | $27,106 | $36,571 | -25.9% |
| Miscellaneous revenues | $438,693 | $372,575 | 17.7% |
| Total revenues | $16,149,071 | $19,974,263 | -19.2% |
| Field | 2018 | 2017 | % Change |
|---|
| Grants to govts. and orgs. in USA | $0 | $0 | |
| Grants to individuals in USA | $0 | $0 | |
| Grants to govts., orgs., and individuals outside USA | $0 | $0 | |
| Benefits paid to or for members | $0 | $0 | |
| Compensation of current officers, etc. | $1,263,007 | $1,042,859 | 21.1% |
| Compensation not included above, to disqualified persons | $0 | $0 | |
| Non-officer salaries and wages | $2,572,305 | $2,389,428 | 7.7% |
| Pension/retirement accruals and contributions | $175,435 | $161,241 | 8.8% |
| Other employee benefits | $278,063 | $231,585 | 20.1% |
| Payroll taxes | $234,351 | $212,534 | 10.3% |
| Management fees | $0 | $0 | |
| Legal fees | $0 | $0 | |
| Accounting fees | $28,505 | $27,309 | 4.4% |
| Lobbying fees | $0 | $0 | |
| Pro. fundraising fees | $0 | $0 | |
| Investment mgmt fees | $0 | $0 | |
| Other fee-for-service | $482,530 | $513,988 | -6.1% |
| Advertising and promotion | $7,781,861 | $7,578,151 | 2.7% |
| Office expenses | $352,834 | $372,879 | -5.4% |
| Information tech. expenses | $0 | $0 | |
| Royalty expenses | $0 | $0 | |
| Occupancy | $112,140 | $113,583 | -1.3% |
| Travel | $0 | $0 | |
| Public official travel and entertainment | $0 | $0 | |
| Conferences, meetings, etc. | $0 | $0 | |
| Interest | $0 | $0 | |
| Payments to affiliates | $0 | $0 | |
| Depreciation, amortization, etc. | $184,667 | $174,157 | 6.0% |
| Insurance | $0 | $0 | |
| All other expenses | $280,584 | $268,675 | 4.4% |
| Total expenses | $13,746,282 | $13,086,389 | 5.0% |
| Field | 2018 | 2017 | % Change |
|---|
| Cash (non-interest-bearing) | $1,306,987 | $1,131,581 | 15.5% |
| Savings, short-term investments, etc. | $15,530,517 | $15,232,848 | 2.0% |
| Pledges and grants receivable | $13,007,720 | $11,160,236 | 16.6% |
| Accounts receivable | $65,472 | $129,779 | -49.6% |
| Loans receivable from officers, directors, etc. | $0 | $0 | |
| Loans receivable from other disqualified persons | $0 | $0 | |
| Notes and loans receivable | $0 | $0 | |
| Inventories for use | $37,402 | $41,752 | -10.4% |
| Prepaid expenses and deferred charges | $133,436 | $124,984 | 6.8% |
| Buildings, equipment, etc. post-depreciation | $2,623,139 | $2,643,354 | -0.8% |
| Investments, publicly traded securities | $0 | $0 | |
| Investments, other securities | $1,565 | $2,921 | -46.4% |
| Investments, program-related | $0 | $0 | |
| Intangible assets | $0 | $0 | |
| Other assets | $50,294 | $50,304 | -0.0% |
| Total assets | $32,756,532 | $30,517,759 | 7.3% |
| Field | 2018 | 2017 | % Change |
|---|
| Accounts payable and accrued expenses | $1,685,591 | $1,843,889 | -8.6% |
| Grants payable | $0 | $0 | |
| Deferred revenue | $92,320 | $98,028 | -5.8% |
| Tax-exempt bond liabilities | $0 | $0 | |
| Escrow or custodial account liability | $50,294 | $50,304 | -0.0% |
| Loans payable to officers and disqualified persons | $0 | $0 | |
| Secured mortgages and notes payable to unrelated third parties | $0 | $0 | |
| Unsecured notes and loans payable to unrelated third parties | $0 | $0 | |
| Other liabilities | $0 | $0 | |
| Total liabilities | $1,828,205 | $1,992,221 | -8.2% |
| Field | 2018 | 2017 | % Change |
|---|
| Unrestricted net assets | $21,274,968 | $19,331,862 | 10.1% |
| Temporarily restricted net assets | $9,653,359 | $9,193,676 | 5.0% |
| Permanently restricted net assets | $0 | $0 | |
Vendors for Memphis Tourism Corporation
| Vendor | Services | Amount paid | Date |
|---|
| Drupal | Content management system software | | 2019-10-01 |
| ██████ ███ | Software | | 2019-10-01 |
| ████████ ████ ███ █████████ ███ | Tax accounting | | 2019-08-30 |
| ██████████ | Media Programs | $130,500 | 2018-06-01 |
| ████ █████████ ███ ██████████ | Advertising | $242,401 | 2018-06-01 |
| ███████ ██████████ ███ | Advertising | $318,350 | 2018-06-01 |
| █████ █████ █████ ████ | Digital and Print Advertising | $3,571,370 | 2018-06-01 |
| ███████ ████ ███████████ | Audio Visual Service | $134,225 | 2018-06-01 |
| ...and one more vendors |
Personnel at Memphis Tourism Corporation
| Name | Title | Compensation | Most recent data |
|---|
| Linda Sawyer | Chief Administrative Officer and Chief Financial Officer | $223,951 | June 20, 2019 |
| Regena Bearden | Chief Marketing Officer | $202,871 | Jan. 10, 2019 |
| █████ ████ | Vice President Public Relations | - | May 21, 2020 |
| ███████ █████ | Vice President Sales and Services | $250,197 | June 30, 2018 |
| █████ █████████ | Managing Director , Memphis European Sales Office | - | May 21, 2020 |
| ██████ ██████ | Executive Director , Memphis Sports Council / Executive Director - Sports | $100,252 | May 21, 2020 |
| ██████ ██████ | Director of Public Relations / Public Relations Manager | - | May 21, 2020 |
| ███████ ██████ | Director of National Accounts | - | May 21, 2020 |
| █████ ██████ | Director of National Accounts - Northeast / Director of National Accounts Northeast | - | May 21, 2020 |
| █████ ██████ | Director of Visitor Services | - | June 20, 2019 |
| ...and 25 more key personnel |
Peer convention centers and visitor bureaus
| | Name | Type | Revenue | Location |
|---|
| 1 | Nashville Convention and Visitors Bureau | 501(c)(6) | $33 million | Nashville, TN |
| 2 | Destination Ann Arbor | 501(c)(6) | $6.9 million | Ann Arbor, MI |
| 3 | Scottsdale Convention and Visitors Bureau | 501(c)(6) | $14 million | Scottsdale, AZ |
| 4 | Visit Albuquerque | 501(c)(6) | $6.4 million | Albuquerque, NM |
| 5 | VisitNorfolk | 501(c)(6) | $4.9 million | Norfolk, VA |
| 6 | Gwinnett Convention and Visitors Bureau (GCVB) | 501(c)(6) | $22 million | Duluth, GA |
| 7 | Visit Spokane | 501(c)(6) | $4.8 million | Spokane, WA |
| 8 | Cabarrus County Convention and Visitors Bureau (CCCVB) | 501(c)(6) | $5.7 million | Concord, NC |
| 9 | Visit Santa Barbara | 501(c)(6) | $5.5 million | Santa Barbara, CA |
| 10 | Visit Hershey and Harrisburg (HHRVB) | 501(c)(6) | $4.4 million | Harrisburg, PA |
| 11 | Greater Des Moines Convention and Visitors Bureau | 501(c)(6) | $6.1 million | Des Moines, IA |
| 12 | Atlanta Convention and Visitors Bureau | 501(c)(6) | $33 million | Atlanta, GA |
| 13 | Visit Hamilton County Indiana | 501(c)(6) | $5.0 million | Carmel, IN |
| 14 | Visit Tampa Bay | 501(c)(6) | $15 million | Tampa, FL |
| 15 | Visit Salt Lake | 501(c)(6) | $15 million | Salt Lake City, UT |
| 16 | Akron / Summit Convention & Visitors Bureau (ASCVB) | 501(c)(6) | $7.2 million | Akron, OH |
| 17 | VisitGreenvilleSC | 501(c)(6) | $9.2 million | Greenville, SC |
| 18 | Monterey County Convention & Visitors Bureau | 501(c)(6) | $7.2 million | Monterey, CA |
| 19 | Detroit Metro Convention and Visitors Bureau (DMCVB) | 501(c)(6) | $19 million | Detroit, MI |
| 20 | Visit KC | 501(c)(6) | $13 million | Kansas City, MO |
| 21 | San Francisco Travel Association | 501(c)(6) | $32 million | San Francisco, CA |
| 22 | Discover The Palm Beaches | 501(c)(6) | $16 million | West Palm Beach, FL |
| 23 | Discover Lancaster | 501(c)(6) | $4.3 million | Lancaster, PA |
| 24 | Visit Denver | 501(c)(6) | $39 million | Denver, CO |
| 25 | Visit Anchorage | 501(c)(6) | $9.5 million | Anchorage, AK |