2024-12-20T14:19:37-06:00 2023-12-31 581433845 FRAZIER & DEETER LLC 1230 PEACHTREE STREET NE SUITE 1500 ATLANTA GA 30309 990 2023-01-01 581533516 ACVB FOUNDATION INC ACVB 4045216600 233 PEACHTREE STREET NE 1400 ATLANTA GA 30303 GREGORY PIERCE TREASURER 4045216600 2024-12-10 1 1 JASON W NELSON P01426650 4042537500 2023 2024-10-15 13:58:12Z GREGORY PIERCE 233 PEACHTREE STREET NE 1400 ATLANTA GA 30303 152340 0 X N/A X 2002 GA TO WORK WITH LOCAL, NON-PROFIT CULTURAL INSTITUTIONS TO ENCOURAGE PUBLIC AWARENESS & FINANCIAL SUPPORT FOR ART, CULTURAL & HISTORICAL ORGANIZATIONS. 3 3 0 0 0 0 0 0 70680 75104 1394 77236 0 0 72074 152340 0 0 0 0 0 0 0 0 0 101053 98269 101053 98269 -28979 54071 1587835 3894578 11066 5745 1576769 3888833 TO WORK WITH LOCAL, NON-PROFIT CULTURAL INSTITUTIONS TO ENCOURAGE PUBLIC AWARENESS & FINANCIAL SUPPORT FOR ART, CULTURAL & HISTORICAL ORGANIZATIONS. 0 0 50741 75104 CULTURAL MEDIA CAMPAIGN - BUYING MEDIA TO TARGET SPECIFIC CULTURAL EVENTS 50741 1 0 0 0 0 0 0 0 0 0 0 0 0 1 0 1 1 1 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 1 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 X 3 3 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 0 0 0 GA X GREGORY PIERCE 4045216600 233 PEACHTREE STREET NE ATLANTA GA 30303 JO ANN HADEN-MILLER DIRECTOR 1.00 X 0 137040 17514 ANDREW WILSON DIRECTOR 1.00 X 0 426494 40983 SHERETHA BELL DIRECTOR 1.00 X 0 191071 23368 WILLIAM PATE PRESIDENT & CEO 2.00 X 0 1049729 37530 GREGORY PIERCE SECRETARY/TREASURER 2.00 X 0 442440 28774 KEN BERNHARDT CHAIR 2.00 X 0 0 0 0 2246774 148169 0 0 1 0 0 CO-OP CASH 711300 75104 75104 75104 43620 43620 33616 0 33616 33616 33616 152340 75104 0 77236 3750 3750 551 551 PROGRAMS 47528 47528 BANK CHARGES 23675 23675 MEDIA PLACEMENT 22765 22765 98269 50741 47528 0 195141 204050 1691684 3347048 10000 0 -308990 343480 1587835 3894578 10316 4995 750 750 11066 5745 X 1576769 3888833 1576769 3888833 1587835 3894578 54071 397924 1860069 0 X X 0 1 X 1 0 X X 1 ATLANTA CONVENTION & VISITOR'S BUREAU INC 580145680 7 1 0 0 1 0 0 1 0 1 1 1 0 0 0 0 0 0 0 0 0 0 0 0 0 PART IV, SECTION A, LINE 3B ATLANTA CONVENTION AND VISITORS BUREAU, INC. (THE SUPPORTED ORGANIZATION) IS A TAX-EXEMPT ORGANIZATION UNDER IRC SEC. 501(C)(6). ACVB FOUNDATION, INC. RETAINS A COPY OF THE SUPPORTED ORGANIZATION'S DETERMINATION LETTER ISSUED BY THE IRS. THE SUPPORTED ORGANIZATION RECEIVES THE MAJORITY OF ITS FUNDING THROUGH AN AGREEMENT WITH THE GEORGIA WORLD CONGRESS CENTER AUTHORITY AND THE CITY OF ATLANTA. PART IV, SECTION A, LINE 3C AS ESTABLISHED IN THE BYLAWS OF ACVB FOUNDATION, INC., THE PURPOSE OF ACVB FOUNDATION, INC. IS TO PERFORM THE EXCLUSIVELY RELIGIOUS, CHARITABLE, SCIENTIFIC, LITERARY, OR EDUCATIONAL FUNCTIONS WITHIN THE MEANING OF IRC SEC. 501(C)(3). THE SUPPORTED ORGANIZATION & THE SUPPORTING ORGANZATION SHARE COMMON OFFICERS WHO ARE CHARGED WITH THE RESPONSIBILITY OF UTILIZING THE ASSETS OF EACH ORGANIZATION IN ACCORDANCE WITH THE RESPECTIVE TAX-EXEMPT PURPOSES. PART IV, SECTION C, LINE 1 AS ESTABLISHED IN THE BYLAWS OF ACVB FOUNDATION, INC., THE SUPPORTED ORGANIZATION IS THE SOLE MEMBER OF THE SUPPORTING ORGANIZATION. THE MEMBER SHALL HAVE SUCH POWERS, RIGHTS AND RESPONSIBILITIES AS PROVIDED IN THE ARTICLES OF INCORPORATION OF ACVB FOUNDATION, INC., THE BYLAWS, AND AS PROVIDED BY THE BY THE LAWS OF THE STATE OF GEORGIA. 75% OF THE SUPPORTING ORGANIZATION'S OFFICERS & DIRECTORS ALSO SERVE AS OFFICERS & DIRECTORS OF THE SUPPORTED ORGANIZATION. 0 DUE FROM RELATED PARTY 343480 343480 X 1550264 397924 1000000 1397924 152340 0 152340 1098269 1000000 1000000 98269 0 98269 PART X, LINE 2: ACVB FOUNDATION, INC. IS EXEMPT FROM FEDERAL INCOME TAXES UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE. AS OF DECEMBER 31, 2023, THE COMPANY'S MANAGEMENT DOES NOT BELIEVE THAT THERE ARE UNCERTAIN TAX POSITIONS WHICH WOULD REQUIRE A MATERIAL ADJUSTMENT OR DISCLOSURE IN THE CONSOLIDATED FINANCIAL STATEMENTS. 0 0 0 0 0 0 0 0 0 WILLIAM PATE PRESIDENT & CEO 0 607304 0 442425 0 0 0 0 0 37530 0 1087259 0 0 GREGORY PIERCE SECRETARY/TREASURER 0 281569 0 160871 0 0 0 0 0 28774 0 471214 0 0 ANDREW WILSON DIRECTOR 0 283540 0 142954 0 0 0 0 0 40983 0 467477 0 0 SHERETHA BELL DIRECTOR 0 138737 0 52334 0 0 0 0 0 23368 0 214439 0 0 JO ANN HADEN-MILLER DIRECTOR 0 109603 0 27437 0 0 0 0 0 17514 0 154554 0 0 FORM 990, PART VI, SECTION B, LINE 11B AFTER THE FORM 990 IS PREPARED BY AN OUTSIDE CPA FIRM, FRAZIER & DEETER, LLC, THE FORM IS REVIEWED BY THE CFO AND IS SUBSEQUENTLY REVIEWED BY THE CEO. ONCE THE FORM HAS BEEN EXAMINED, INCLUDING THE ACCOMPANYING SCHEDULES AND STATEMENTS, AND IS DEEMED TO THE BEST OF KNOWLEDGE AND BELIEF TO BE TRUE, CORRECT, AND COMPLETE, THE CFO ELECTRONICALLY SUBMITS THE FORM TO THE FINANCE COMMITTEE ON BEHALF OF THE BOARD OF DIRECTORS FOR APPROVAL. UPON APPROVAL, THE CFO SIGNS AND MAILS THE FORM APPROPRIATELY. FORM 990, PART VI, SECTION B, LINE 12C THE OFFICERS AND DIRECTORS OF THE ORGANIZATION ANNUALLY RECEIVE A CONFLICT OF INTEREST POLICY TO REVIEW AND SIGN. THE COPIES ARE MAINTAINED AND INTERNALLY REVIEWED BY THE ORGANIZATION. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION MAKES ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC UPON REQUEST. FORM 990, PART XII, LINE 2C, COMMITTEE FOR THE OVERSIGHT OF THE AUDIT: THE ORGANIZATION HAS IN PLACE A FINANCE COMMITTEE COMPRISED OF INDEPENDENT DIRECTORS AND THE EXECUTIVE VICE PRESIDENT & CHIEF ADMINISTRATIVE OFFICER/CFO. THIS COMMITTEE OVERSEES THE ANNUAL AUDIT OF THE FINANCIAL STATEMENTS AND ANNUALLY ENGAGES AN INDEPENDENT AUDITOR. THE INDEPENDENT AUDITOR REPORTS DIRECTLY TO THE FINANCE COMMITTEE, AND THE FINANCE COMMITTEE REPORTS DIRECTLY TO THE BOARD OF DIRECTORS. ATLANTA CONVENTION & VISITOR BUREAU INC 233 PEACHTREE STREET STE 100 ATLANTA GA 30303 580145680 TO SELL AND MARKET METRO ATLANTA AND GEORGIA AS THE PREMIER DESTINATION GA 501(C)(6) 0 0 0 0 0 0 0 0 0 0 0 0 1 1 0 0 1 1 0 0 ATLANTA CONVENTION & VISITORS BUREAU INC L 1000000 ACTUAL COST ATLANTA CONVENTION & VISITORS BUREAU INC M 5394330 ACTUAL COST ATLANTA CONVENTION & VISITORS BUREAU INC Q 1000000 ACTUAL COST ATLANTA CONVENTION & VISITORS BUREAU INC P 5394330 ACTUAL COST