Albany Convention and Visitors Bureau Inc
Nonprofit profile at a glance
- EIN
- 825502373
- IRS 990 coverage
- 2018–2024
- Forms available
- Form 990 2024
- Location
- Albany, GA, USA
- Phone
- 2293174760
- Rating
- 45
- Verdict
- MIXED
- Rating confidence
- Moderate
- Sector
- Chambers of Commerce & Business Leagues
Reported finances
- Revenue
- $808,455
- Expenses
- $838,991
- Assets
- $1,074,259
- Liabilities
- $34,363
Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.
Leadership & pay
15 people listed
Highest reported compensation
- RASHELLE BEASLEY MINIX (EXECUTIVE DI): $127,405 total reported compensation
Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
The cvb is formed and organized and shall be operated exclusively for non- profit trade or business development purposes. Within the scope of the foregoing purposes, and not by way of limitation, cvb is formed and organized to provide for the promotion, stimulation, procurement and servicing of conventions, conferences, seminars, sporting events and special events, along with the development of tourism through attraction of visitors to albany; foster better public understanding on the part of individuals and businesses of the importance of the conventions and visitor industry to the local economy; and advocate for and assist with collaboration and cooperation between businesses and industries servicing visitors, conventions, and tourism in general. All of such actions are in furtherance of improving business conditions in the city of albany and dougherty county.
What it reported doing in 2024
The cvb promoted many trade shows, conferences, sporting events, and other special events resulting in a positive impact on the local economy, fostering business growth and development.
Operating model
- Revenue model
- Grant-funded. 100% of the money available for current operations came from government grants.
- Distribution model
- Cannot be determined from the filing. The filing does not provide enough consistent spending detail to tell whether the nonprofit works directly or through others.
The verdict
MIXED - The filed numbers largely add up and most voting board members are independent. A relatively small share of available resources goes toward mission work and a relatively small share of total spending goes to programs.
Rating breakdown
- Financial Efficiency: 0
- Transparency & Controls: 85
- Accountability: 84
- Sustainability: 37
- Growth: 20
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 0%; rating input score 0
- Program expense ratio: 0%; rating input score 0
- Fundraising efficiency: Limited
Transparency & Controls
- Consistency checks: 91.7%; rating input score 92; 12th percentile among comparable filings
- Pay-setting controls: Limited
- Foreign activity oversight: Limited
- Grant itemization coverage: 82%; rating input score 82; 35th percentile among comparable filings
- Major donor itemization: Yes; rating input score 100
- Related-party transparency: Limited
Accountability
- Independent voting board: 100%; rating input score 100; 63rd percentile among comparable filings
- Governance controls: 5 of 8 controls in place; rating input score 62
- Conflict-of-interest policy: Pass
- Whistleblower policy: Fail
- Document-retention policy: Fail
- CEO compensation review process: NotApplicable
- Other executive compensation review process: Pass
- Form 990 shared with the board: Fail
- Board meeting minutes documented: Pass
- Audit committee oversight: Pass
- Independent financial-statement audit: Pass
Sustainability
- Operating margin: -3.8%; rating input score 26; 26th percentile among comparable filings
- Total-asset coverage ratio: 1.28; rating input score 51; 51st percentile among comparable filings
- Liabilities to assets ratio: 0.03; rating input score 57; 57th percentile among comparable filings
- Officer compensation ratio: 15.2%; rating input score 23; 23rd percentile among comparable filings
Growth
- Program expense growth: -63.5% per year; rating input score 0; 0th percentile among comparable filings
- Revenue growth: -2.4% per year; rating input score 0; 8th percentile among comparable filings
- Asset growth: 8.6% per year; rating input score 100; 54th percentile among comparable filings
Details
- Where the money goes: 0% of revenue deployed · 0% of spending went to programs
- Governance: 13 of 13 board members independent · 5 of 8 filing controls reported
- Programs: 1 filed program accomplishment
- Leadership: top reported pay $127K · 15 people listed
- Consistency: 13 of 15 current checks pass · 2 findings to review
- Schedules: 4 filed schedules · includes major donors and grants
- Filing history: 7 filing years from 2018 to 2024
- Contacts: How to reach this organization
- Money network: 2 filed money-flow records
- Related organizations: 1 filed related-organization link
- Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
- People: Everyone the filings name, and which of them the filings identify by more than a name.
Key Signals
Signals prioritize questions for review. They are not findings of misconduct.
- High — Financial Efficiency: Mission deployment rate scored 0/100.
- High — Financial Efficiency: Program expense ratio scored 0/100.
- Review — Accountability: Governance controls: 3 of 8 not reported.
- High — Growth: Program expense growth scored 0/100.
- High — Growth: Revenue growth scored 0/100.
- High — Sustainability: Operating margin scored 26/100.
- Moderate — Transparency & Controls: Functional expense sum did not reconcile in the filed values.
- Review — Transparency & Controls: Domestic grant itemization did not reconcile in the filed values.
- Review — Sustainability: Total-asset coverage ratio scored 51/100.
- High — Sustainability: Officer compensation ratio scored 23/100.
- Review — Sustainability: Liabilities to assets ratio scored 57/100.