Kerrville Convention & Visitors Bureau Foundation Inc

What it reported doing in 2025

The kerrville convention & visitors bureau foundation (kcvbf) is directed by a volunteer board of directors committed to providing monetary, in-kind and volunteer support to sustain and encourage community initiatives that enhance the cultural nature of kerrville and kerr county. These initiatives include community beautification projects, public art installations, local artist capacity building, culture and heritage programming including related education and outreach, implementing a wide range of iconic art pieces in public spaces, championing local artists and supporting the community initiatives of kerrville community arts program, a program of the kerrville cvb established to promote, encourage and sustain the development of arts and culture in kerrville, serving the tourists and communities of the region. All activities of the kcvbf are conducted by a volunteer board of directors in kerr county, Texas. All activities and time are dedicated to the initiatives outlined above. The kcvbf is determined to raise the monetary and in-kind gifts necessary to appropriately support the above community initiatives through the solicitation of grants, donations, and fundraising efforts. One hundred percent of overall expenses will be allocated to furthering the initiatives outlined above. The kcvbf recognizes that enhancing the cultural nature of kerrville and kerr county through above sited initiatives improves the quality of life of our citizens through beautification, education and outreach and encourages future tourism possibilities furthering our tax-exempt purposes in our community. Kcvbf strives to be a driving force for the betterment of the community, local arts, cultural and heritage education and outreach.

Financial Efficiency

• Mission deployment rate: 19.1%; rating input score 19
• Program expense ratio: 100%; rating input score 100
• Fundraising efficiency: Limited

Transparency & Controls

• Consistency checks: 100%; rating input score 100; 64th percentile among comparable filings
• Pay-setting controls: Limited
• Foreign activity oversight: Limited
• Grant itemization coverage: Limited
• Major donor itemization: Limited
• Related-party transparency: Limited

Accountability

• Independent voting board: 100%; rating input score 100; 64th percentile among comparable filings
• Governance controls: 2 of 7 controls in place; rating input score 29
  • Conflict-of-interest policy: Fail
  • Whistleblower policy: Fail
  • Document-retention policy: Fail
  • CEO compensation review process: NotApplicable
  • Other executive compensation review process: NotApplicable
  • Form 990 shared with the board: Pass
  • Board meeting minutes documented: Pass
  • Audit committee oversight: Missing
  • Independent financial-statement audit: Fail

Sustainability

• Operating margin: 80.9%; rating input score 98; 98th percentile among comparable filings
• Total-asset coverage ratio: 4.24; rating input score 76; 76th percentile among comparable filings
• Liabilities to assets ratio: 0; rating input score 77; 77th percentile among comparable filings
• Officer compensation ratio: 0%; rating input score 67; 67th percentile among comparable filings

Growth

• Program expense growth: Limited
• Revenue growth: 200% per year; rating input score 100; 100th percentile among comparable filings
• Asset growth: 200% per year; rating input score 100; 100th percentile among comparable filings