2024-11-13T09:53:03-06:00 2023-12-31 410746749 CLIFTONLARSONALLEN LLP 4334 MUNSON STREET SUITE 200 CANTON OH 44718 990 2023-01-01 341131390 AKRON-SUMMIT CONVENTION & VISITORS BUREAU INC AKRO 3303748900 77 E MILL STREET AKRON OH 44308 MORELL MENDIOLA CHIEF FINANCIAL OFFICER 3303748900 2024-11-12 1 1 JENNIFER COLEMAN P00743188 3304972000 2024-11-12 2023 2024-10-15 13:58:12Z JOHN S KNIGHT CENTER GREGG MERVIS 77 E MILL STREET AKRON OH 44308 7491399 0 X WWW.VISITAKRON-SUMMIT.ORG X 1973 OH PROMOTE THE CITY OF AKRON AND THE COUNTY OF SUMMIT. 15 15 117 15 0 0 4461918 4099439 3077890 3184766 22864 65817 120029 141377 7682701 7491399 0 0 0 0 3460060 3950922 0 0 0 3052846 3519569 6512906 7470491 1169795 20908 6703874 6938997 1567413 1599142 5136461 5339855 X THE BUREAU'S MISSION IS TO PROMOTE AKRON AND SUMMIT COUNTY AS AN IDEAL LOCATION FOR MEETINGS, CONVENTIONS AND TOURS. THE CENTER'S MISSION IS TO PROVIDE A FIRST-CLASS, AFFORDABLE FACILITY TO GREATER-AKRON, REGIONAL AND NATIONAL CLIENTS FOR THE PURPOSE OF BUSINESS, EDUCATION AND ENTERTAINMENT, WHICH WILL IN TURN CREATE JOBS, ENCOURAGE NEW BUSINESS, PROMOTE TOURISM, INCREASE THE AREA'S VISIBILITY, AND GAIN FURTHER RECOGNITION FOR AKRON AND SUMMIT COUNTY AS A VIBRANT AND DYNAMIC DESTINATION FOR ANY TYPE OF EVENT. 0 0 THE PURPOSE OF THE BUREAU IS TO ENCOURAGE NEW BUSINESS, PROMOTE TOURISM, INCREASE VISIBILITY AND GAIN FURTHER RECOGNITION OF AKRON AND SUMMIT COUNTY AS A VIBRANT BUSINESS AND TOURISM DESTINATION. 0 1 0 0 0 0 0 0 0 1 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 1 1 0 0 1 10 0 117 1 0 0 0 0 0 0 0 0 X 15 15 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 0 1 1 1 0 X X MORELL MENDIOLA 3303747560 77 E MILL ST AKRON OH 44308 GREGG MERVIS PRESIDENT & CEO 50.00 1.00 X 222237 0 33504 ROBERT CZUP OPERATIONS MANAGER 49.00 0.00 X 160688 0 32554 RONALD DORSEY JR VICE PRESIDENT OF FOOD & BEVERAGE 47.00 0.00 X 142164 0 14340 KEITH POMERANING VICE PRESIDENT OF OPERATIONS 58.00 0.00 X 124256 0 30639 MORELL MENDIOLA CFO 40.00 1.00 X 124715 0 12270 RENATO CAMACHO CHAIRMAN 1.00 1.00 X X 0 0 0 MAUREEN M SCHNEIDER VICE CHAIRPERSON, BOARD OF DIRECT 1.00 0.00 X X 0 0 0 JEFFREY LYNCH TREASURER, BOARD OF DIRECT 1.00 0.00 X X 0 0 0 SHARON REAVES SECRETARY OF THE BOARD, DIRECTOR 1.00 0.00 X X 0 0 0 DAVID LIEBERTH DIRECTOR 1.00 0.00 X 0 0 0 ISMAIL AL-AMIN DIRECTOR 1.00 0.00 X 0 0 0 JACK DELEO DIRECTOR 1.00 0.00 X 0 0 0 SANDRA HAMAD DIRECTOR 1.00 0.00 X 0 0 0 CHRISTINE WIEDIE HIGHAM DIRECTOR 1.00 0.00 X 0 0 0 SHIRLENE KRAMER DIRECTOR 1.00 0.00 X 0 0 0 JEANNINE MARKS DIRECTOR 1.00 0.00 X 0 0 0 DON PADGETT III DIRECTOR 1.00 0.00 X 0 0 0 DAVID E PRENTICE DIRECTOR 1.00 0.00 X 0 0 0 BOB PURDY DIRECTOR 1.00 0.00 X 0 0 0 MARCO SOMMERVILLE DIRECTOR 1.00 0.00 X 0 0 0 774060 0 123307 9 0 1 0 0 4099439 4099439 OPERATION OF JSK CENTE 900099 3184766 3184766 3184766 65817 65817 114400 0 114400 114400 114400 MISCELLANEOUS INCOME 900099 26977 26977 26977 7491399 3299166 0 92794 392726 2863228 108573 325083 261312 3964 19233 98724 768904 83744 181533 1412004 53315 14059 14716 292122 110638 UTILITIES 336289 AUDIOVISUAL 77823 MISCELLANEOUS 40786 DUES AND SUBSCRIPTIONS 11715 7470491 2558229 1759542 1617761 1683009 1378350 1310049 64222 44203 158524 191630 3416840 1656076 736988 1760764 189800 189800 6703874 6938997 620704 891853 561855 296024 384854 221465 0 189800 1567413 1599142 X 3561515 3670441 1574946 1669414 5136461 5339855 6703874 6938997 X 20908 159438 23048 X X 0 0 0 RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 1211988 337329 874659 1821021 1101451 719570 383831 217296 166535 1760764 RIGHT OF USE LIABILITY 189800 189800 X 0 1 X X X X X 0 0 0 GREGG MERVIS PRESIDENT & CEO 222237 0 0 0 0 0 6780 0 26724 0 255741 0 0 0 ROBERT CZUP OPERATIONS MANAGER 160688 0 0 0 0 0 12486 0 20068 0 193242 0 0 0 RONALD DORSEY JR VICE PRESIDENT OF FOOD & BEVERAGE 142164 0 0 0 0 0 4311 0 10029 0 156504 0 0 0 KEITH POMERANING VICE PRESIDENT OF OPERATIONS 124256 0 0 0 0 0 3914 0 26725 0 154895 0 0 0 PART I, LINE 1A TAX INDEMNIFICATION AND GROSS UP PAYMENTS: THERE IS NOT A WRITTEN POLICY OF THE ORGANIZATION ALL THE BONUSES ARE GROSSED UP FOR MEDICARE, SOCIAL SECURITY AND CITY OF AKRON TAXES. PART I, LINE 3 DURING 2023, PETRUS CONSULTING WAS UTILIZED TO PERFORM A SALARY ASSESSMENT FOR THE PRESIDENT/CEO. THAT SALARY ASSESSMENT ALONG WITH THE FORMS 990 FROM COMPARABLE ORGANIZATIONS WERE UTILIZED BY THE PERSONNEL COMMITTEE TO DRAW UP A COMPENSATION CONTRACT FOR PRESENTATION AND APPROVAL BY THE BOARD. PART I, LINE 5 A PORTION (VARIES BY POSITION) OF EACH SALES EMPLOYEE'S BONUS CALCULATION (INCLUDED IN THE W2 AMOUNTS REPORTED) IS BASED ON WHETHER THE ORGANIZATION MEETS THE BUDGETED REVENUE SALES FIGURES. 25% OF THE PRESIDENT/CEO'S BONUS CALCULATION (INCLUDED IN THE W2 AMOUNTS REPORTED) IS BASED ON MEETING BUDGETED REVENUE PER THE INCENTIVE PLAN APPROVED BY THE PERSONNEL COMMITTEE AND THE BOARD OF DIRECTORS. PART I, LINE 6 10% OF EACH EMPLOYEE'S BONUS CALCULATION (INCLUDED IN THE W2 AMOUNTS REPORTED) IS BASED ON WHETHER THE ORGANIZATION MEETS THE BUDGETED NET INCOME FIGURE. 35% OF THE PRESIDENT/CEO'S BONUS CALCULATION (INCLUDED IN THE W2 AMOUNTS REPORTED) IS BASED ON MEETING BUDGETED NET INCOME PER THE INCENTIVE PLAN APPROVED BY THE PERSONNEL COMMITTEE AND THE BOARD OF DIRECTORS. PART I, LINE 7 BONUSES FOR ALL EMPLOYEES ARE BASED ON MEETING GOALS SET OUT EARLY IN THE YEAR. THOSE GOALS AND THE IMPACT THAT THEY HAVE ON THE TOTAL BONUS ARE NOT ALWAYS BASED ON THE FINANCIAL STATEMENT OUTCOMES BUT RATHER ON THE COMPLETION OF PROJECTS, TASKS, AND OTHER QUALITATIVE GOALS. FORM 990, PART VI, SECTION B, LINE 11B THE PROCESS USED FOR REVIEWING FORM 990 IS AS FOLLOWS: A DRAFT FORM 990 WILL BE REVIEWED BY THE PRESIDENT AND THE CHIEF FINANCIAL OFFICER ALONG WITH THE TAX PREPARERS. AFTER THE FORM IS FINALIZED, A COPY OF THE FORM WILL BE PROVIDED TO BOARD OF DIRECTORS. FORM 990, PART VI, SECTION B, LINE 12C ANNUALLY, NEW STATEMENTS ARE REQUESTED TO BE SIGNED AT THE BOARD MEETINGS. FORM 990, PART VI, SECTION B, LINE 15 THE PROCESS FOR DETERMINING COMPENSATION OF THE PRESIDENT/CEO OF THE ORGANIZATION: THE PROCESS INVOLVES REVIEW AND APPROVAL BY PERSONNEL COMMITTEE AND BOARD OF DIRECTORS. THERE IS AN EMPLOYMENT CONTRACT AGREED TO BY THE BOARD, WHICH SPECIFIES THE ANNUAL PERCENTAGE INCREASE. ALSO, THE PERSONNEL COMMITTEE CREATED, AND ANNUALLY ADJUSTS, A MATRIX TO DETERMINE THE POTENTIAL BONUS AMOUNT THE PRESIDENT CAN EARN. THE PROCESS FOR DETERMINING COMPENSATION FOR THE CHIEF FINANCIAL OFFICER'S COMPENSATION: THE CHIEF FINANCIAL OFFICER'S PAY IS DETERMINED BY THE CHIEF EXECUTIVE OFFICER. THE PROCESS DESCRIBED HERE WAS LAST COMPLETED IN 2023. FORM 990, PART VI, SECTION C, LINE 19 ONCE COMPLETED, THE ANNUAL AUDIT WILL BE AVAILABLE ON THE STATE AUDITOR'S WEBSITE. THE LINK IS PROVIDED ON THE ORGANIZATION'S WEBSITE. ALL OTHER DOCUMENTS ARE AVAILABLE IN THE ORGANIZATION'S OFFICES UPON REQUEST. FORM 990, PART XI, LINE 9: CHANGE IN VALUE OF TREASURY NOTE 23,048. FORM 990, PART XII, LINE 2B AKRON-SUMMIT CONVENTION & VISITORS BUREAU, INC. IS AUDITED BY THE OHIO AUDITOR OF STATE. THE AUDITED FINANCIAL STATEMENTS FOR 2023 WERE NOT COMPLETE AT THE TIME OF THE FORM 990 FILING BUT WILL BE COMPLETED AT A LATER DATE. FEDERAL ELECTIONS SECTION 1.263(A)-1(F) DE MINIMIS SAFE HARBOR ELECTION AKRON-SUMMIT CONVENTION & VISITORS BUREAU, INC. 77 E. MILL STREET AKRON, OH 44308 EMPLOYER IDENTIFICATION NUMBER: 34-1131390 FOR THE YEAR ENDING DECEMBER 31, 2023 AKRON-SUMMIT CONVENTION & VISITORS BUREAU, INC. IS MAKING THE DE MINIMIS SAFE HARBOR ELECTION UNDER REG. SEC. 1.263(A)-1(F). GREATER AKRON AMENITIES INC 77 E MILL STREET AKRON OH 44308 010675880 PROMOTE THE CITY OF AKRON AND THE COUNTY OF SUMMIT. OH 501(C)(3) LINE 7 AKRON-SUMMIT CONVENTION & VISITORS BUREAU INC 1 0 1 0 0 0 0 0 0 0 0 0 0 0 1 1 0 0 0 0