Nassau-paradise Island Promotion Board
Nonprofit profile at a glance
- EIN
- 591707145
- IRS 990 coverage
- 2010–2024
- Forms available
- Form 990 2024
- Location
- Plantation, FL, USA
- Phone
- 9548885900
- Rating confidence
- Limited
- Sector
- Chambers of Commerce & Business Leagues
Reported finances
- Revenue
- $37,143,073
- Expenses
- $38,732,292
- Assets
- $20,709,752
- Liabilities
- $19,321,016
Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.
Leadership & pay
24 people listed
Executive titles in this filing
- JOY JIBRILU (CEO)
- GLENN HADDAD (EXECUTIVE DIRECTOR OF PITDA)
Highest reported compensation
- JOY JIBRILU (CEO): $616,176 total reported compensation
- KIMBERLY SALTER (VP MARKETING): $289,517 total reported compensation
- GLENN HADDAD (EXECUTIVE DIRECTOR OF PITDA): $279,965 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 ongoing marketing and promotion of the destination of nassau and paradise islands and the bahamas and the promotion board's member hotels.levies are collected by member hotels and pooled with ministry of tourism subsidies for the marketing and promotion of the individual islands' member hotels on nassau-paradise islands through using the following media: internet print advertising trade shows direct mail television/radio other relevent media and partnerships
What it reported doing in 2024
The goal of this organization is to increase occupancy and average daily rate of its member hotels. During this tough economic environment the organization successfully promoted the nassau and paradise islands while tourism remained largely flat in the caribbean.
Operating model
- Revenue model
- Membership-supported. 100% of the money available for current operations came from membership dues.
- 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
- The available evidence is not sufficient to produce an overall rating for this filing. This is not a warning sign.
Rating breakdown
- Financial Efficiency: NotEnoughData
- Transparency & Controls: 50
- Accountability: 82
- Sustainability: 22
- Growth: 60
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: Limited
- Program expense ratio: Limited
- Fundraising efficiency: Limited
Transparency & Controls
- Consistency checks: 100%; rating input score 100; 62nd percentile among comparable filings
- Pay-setting controls: 3 of 6 controls in place; rating input score 50
- Compensation committee: Pass
- Independent consultant: Missing
- Other Form 990s reviewed: Missing
- Written employment contract: Pass
- Compensation survey or study: Missing
- Board or committee approval: Pass
- Foreign activity oversight: Scored; rating input score 0
- Grant itemization coverage: Scored; rating input score 0
- Major donor itemization: Limited
- Related-party transparency: Limited
Accountability
- Independent voting board: 100%; rating input score 100; 66th percentile among comparable filings
- Governance controls: 5 of 9 controls in place; rating input score 56
- Conflict-of-interest policy: Pass
- Whistleblower policy: Fail
- Document-retention policy: Fail
- CEO compensation review process: Fail
- Other executive compensation review process: Fail
- Form 990 shared with the board: Pass
- Board meeting minutes documented: Pass
- Audit committee oversight: Pass
- Independent financial-statement audit: Pass
Sustainability
- Operating margin: -4.3%; rating input score 18; 18th percentile among comparable filings
- Total-asset coverage ratio: 0.53; rating input score 17; 17th percentile among comparable filings
- Liabilities to assets ratio: 0.93; rating input score 8; 8th percentile among comparable filings
- Officer compensation ratio: 3.6%; rating input score 63; 63rd percentile among comparable filings
Growth
- Program expense growth: -0.4% per year; rating input score 0; 10th percentile among comparable filings
- Revenue growth: 4.4% per year; rating input score 100; 38th percentile among comparable filings
- Asset growth: 8.8% per year; rating input score 100; 59th percentile among comparable filings
Details
- Where the money goes: Financial trends and filed revenue, expense, asset, and liability detail
- Governance: 20 of 20 board members independent · 5 of 9 filing controls reported
- Programs: 1 filed program accomplishment
- Leadership: top reported pay $616K · 24 people listed · 3 of 6 pay-setting controls reported
- Consistency: 11 of 11 current checks pass
- Schedules: 6 filed schedules · includes foreign activity and executive pay
- Filing history: 15 filing years from 2010 to 2024
- Contacts: How to reach this organization
- Money network: 4 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 — Transparency & Controls: Foreign activity oversight scored 0/100.
- High — Transparency & Controls: Grant itemization coverage scored 0/100.
- Review — Accountability: Governance controls: 4 of 9 not reported.
- High — Growth: Program expense growth scored 0/100.
- High — Sustainability: Operating margin scored 18/100.
- High — Sustainability: Total-asset coverage ratio scored 17/100.
- High — Sustainability: Liabilities to assets ratio scored 8/100.