2024-05-15T16:32:30-05:00 2023-06-30 620428728 REYNOLDS BONE & GRIESBECK PLC 5100 WHEELIS DRIVE SUITE 300 MEMPHIS TN 381174568 990 2022-07-01 621025301 MEMPHIS CONVENTION & VISITORS BUREAU D/B/A MEMPHIS TOURISM CORP MEMP 9015435300 47 UNION AVENUE MEMPHIS TN 38103 KEVIN KANE PRESIDENT/CEO 9015435300 2024-05-15 1 KEVIN KANE 999009999 0 KELLY S CROW P01519168 9016822431 2024-05-15 2 AAL1 IAL1 2022 2023-04-26 12:10:37Z KEVIN KANE 47 UNION AVENUE MEMPHIS TN 38103 19196248 0 X WWW.MEMPHISTRAVEL.COM X 1978 TN SEE SCHEDULE O 24 24 47 24 353134 0 17769433 17972831 0 0 379862 845635 323312 367623 18472607 19186089 0 0 0 0 4431743 4927784 0 0 0 10108544 12113153 14540287 17040937 3932320 2145152 46926710 48257129 3944923 3603535 42981787 44653594 X THE OFFICIAL DESTINATION MARKETING ORGANIZATION DEDICATED TO ACTIVELY GROWING THE MEMPHIS AND SHELBY COUNTY ECONOMY BY ATTRACTING VISITORS, CONVENTIONS AND EVENTS. 0 0 4223620 CONVENTION SALES & SERVICES - PROMOTE MEMPHIS TO VARIOUS SEGMENTS OF MEETING AND CONVENTION MARKETS, AMATEUR SPORTS MARKETS AND TOUR AND TRAVEL MARKETS TO ATTRACT GROUPS, MEETINGS AND EVENTS TO THE CITY. 7485786 DESTINATION MARKETING & MEMBER SERVICES - PROMOTE MEMPHIS AS A TOURIST DESTINATION BY GENERATING MEDIA COVERAGE, ADVERTISING MEMPHIS WORLDWIDE AND PRODUCING MAP AND TOURIST GUIDES. 463771 14489 VISITOR INFORMATION CENTERS - PROVIDE HOSPITABLE FACILITIES WITH STAFF THAT OFFERS FRIENDLY SERVICE AND ACCURATE INFORMATION WHICH ENCOURAGES VISITORS TO CONSIDER MEMPHIS A DESIRABLE TRAVEL DESTINATION AND INCREASE THE LENGTH OF STAY IN MEMPHIS AND SHELBY COUNTY. 1960658 COMMUNITY DEVELOPMENT; SPORTS DEVELOPMENT; GOVERNMENT RELATIONS; TRAINING 1960658 14133835 0 0 0 0 0 0 0 1 0 1 0 0 0 0 1 1 1 0 0 1 0 0 0 0 0 0 0 0 1 0 0 0 0 0 1 0 0 0 0 1 1 1 0 0 1 34 0 1 47 1 1 1 0 0 0 0 0 0 0 0 X 24 24 0 0 0 0 1 1 1 1 1 0 0 1 1 1 1 1 1 1 1 1 1 X LINDA SAWYER 9015435300 47 UNION AVENUE MEMPHIS TN 38103 SALLY PACE CHAIR 1.00 X X 0 0 0 DOUG BROWNE VICE CHAIR 1.00 X X 0 0 0 HAROLD GRAETER SECRETARY 1.00 X X 0 0 0 SCOTT BROCKMAN TREASURER 1.00 X X 0 0 0 CINDY ADDISON BOARD MEMBER 1.00 X 0 0 0 TERRY BLUE BOARD MEMBER 1.00 X 0 0 0 KEVIN BREWER BOARD MEMBER 1.00 X 0 0 0 JOHN BUTLER BOARD MEMBER 1.00 X 0 0 0 FORD CANALE BOARD MEMBER 1.00 X 0 0 0 ROSE FLENORL BOARD MEMBER 1.00 X 0 0 0 ALLISON FOUCHE' BOARD MEMBER 1.00 X 0 0 0 DWIGHT JOHNSON BOARD MEMBER 1.00 X 0 0 0 MICKELL LOWERY BOARD MEMBER 1.00 X 0 0 0 GRETCHEN WOLLERT MCLENNON BOARD MEMBER 1.00 X 0 0 0 MIKE MILLER BOARD MEMBER 1.00 X 0 0 0 BOO MITCHELL BOARD MEMBER 1.00 X 0 0 0 PAT MITCHELL-WORLEY BOARD MEMBER 1.00 X 0 0 0 FAITH MORRIS BOARD MEMBER 1.00 X 0 0 0 SANDY ROBERTSON BOARD MEMBER 1.00 X 0 0 0 JOEL SMITH BOARD MEMBER 1.00 X 0 0 0 WELBY STAMPS BOARD MEMBER 1.00 X 0 0 0 MICHAEL TODD BOARD MEMBER 1.00 X 0 0 0 TED TOWNSEND BOARD MEMBER 1.00 X 0 0 0 CRAIG UNGER BOARD MEMBER 1.00 X 0 0 0 KEVIN G KANE PRESIDENT/CEO 40.00 X 564579 0 58036 LINDA SAWYER CAO/CFO 40.00 X 253705 0 36879 MALVIN GIPSON EVP SALES, SPORTS & SERVIC 40.00 X 246559 0 43141 REGENA BEARDEN CMO 40.00 X 230070 0 30026 KEVIN KERN VP - PUBLIC RELATIONS 40.00 X 130364 0 21451 KERMIT MADISON SR. NATIONAL SALES DIRECTO 40.00 X 109900 0 18824 EVA GOODSON NATIONAL SALES DIRECTOR 40.00 X 109020 0 32124 MARY SCHMITZ EXECUTIVE DIRECTOR - MTEF 40.00 X 108729 0 24125 PATRICK AVERSA NATIONAL SALES DIRECTOR 40.00 X 116840 0 36994 1869766 0 301600 11 0 1 0 MILES PARTNERSHIP LLLP PO BOX 669418 DALLAS TX 75266 DIGITAL & PRINT ADVERTISING 2494956 MEMPHIS BASKETBALL LLC 191 BEALE STREET MEMPHIS TN 38103 ADVERTISING 376813 FEDEX ST JUDE CHAMPIONSHIP PO BOX 206 PONTE VEDRA BEACH FL 32004 ADVERTISING 224625 METROPOLITAN MEMPHIS HOTEL & LODGING ASS 47 UNION AVE MEMPHIS TN 38103 EDUCATION 190429 LLFB LLC 673 S COOPER STREET MEMPHIS TN 38104 ADVERTISING 149750 9 68510 17904321 17972831 845635 845635 24648 10159 14489 14489 MMG MANAGEMENT FEE 611430 125000 125000 ONLINE ADVERTISING 541800 123930 123930 VISITOR GUIDEBOOK 541800 104204 104204 353134 19186089 14489 353134 845635 1462995 56037 1406958 2710504 2710504 178311 178311 321947 321947 254027 199886 54141 28969 28969 42522 42522 803601 307739 495862 10108940 9899858 209082 503061 201146 301915 126127 60205 65922 246615 72152 174463 DUES AND SUBSCRIPTIONS 153558 42575 110983 POSTAGE 77233 60948 16285 OTHER EXPENSES 22527 22527 17040937 14133835 2907102 0 1426274 2083904 18100777 18062452 16393483 17738323 449098 77530 32111 27169 405773 140409 7345574 4898509 2518893 2447065 7546720 7626682 1608 1622 51973 51973 46926710 48257129 3879454 3491748 13496 59814 51973 51973 3944923 3603535 X 31248069 32333190 11733718 12320404 42981787 44653594 46926710 48257129 2145152 -473345 0 X X 0 1 X 1 0 0 1 X 212115 212115 4267523 2226937 2040586 2865936 2671572 194364 2447065 X 18670222 -473345 -42522 -515867 19186089 0 19186089 16998415 0 16998415 42522 42522 17040937 PART IV, LINE 2B: IN ACCORDANCE WITH TENNESSEE CODE ANNOTATED, SECTION 67-4-1702(A)(7), ALL PRIVILEGE TAXES COLLECTED BY THE COMMISSIONER FROM NBA PLAYERS WILL BE DEPOSITED INTO A MUNICIPAL GOVERNMENT FUND (I.E., CITY OF MEMPHIS), LOCATED IN THE SAME MUNICIPALITY AS THE INDOOR SPORTS FACILITY IN WHICH THE GAME IS PLAYED (I.E., FEDEX FORUM). FOR MUNICIPALITIES, SUCH AS THE CITY OF MEMPHIS, THAT DO NOT HAVE A METROPOLITAN FORM OF GOVERNMENT, THE FUNDS ARE HELD BY THE BUREAU AND ALLOCATED EXCLUSIVELY FOR THE PAYMENT OR REIMBURSEMENT OF EXPENSES ASSOCIATED WITH SECURING CURRENT, EXPANDED, OR NEW EVENTS FOR THE INDOOR SPORTS FACILITY, AS DIRECTED BY THE FEDEX FORUM OFFICER. AS OF JUNE 30, 2023, THE BUREAU HELD RESTRICTED CASH TOTALING $51,973, AND A LIKE AMOUNT IS ALSO REFLECTED AS A CURRENT LIABILITY IN THE CONSOLIDATED STATEMENT OF FINANCIAL POSITION. PART X, LINE 2: IN ACCORDANCE WITH U.S. GAAP, IF APPLICABLE, THE BUREAU RECOGNIZES INTEREST EXPENSE AND PENALTIES RELATED TO UNCERTAIN TAX POSITIONS AS INTEREST EXPENSE AND PENALTIES IN GENERAL AND ADMINISTRATIVE EXPENSES. NO AMOUNTS HAVE BEEN RECOGNIZED IN GENERAL AND ADMINISTRATIVE EXPENSES FOR THE YEAR ENDED JUNE 30, 2023. THE BUREAU IS SUBJECT TO ROUTINE AUDITS BY TAXING JURISDICTIONS; HOWEVER, THERE ARE CURRENTLY NO AUDITS FOR ANY TAX PERIODS IN PROGRESS. PART XI, LINE 2D - OTHER ADJUSTMENTS: INVESTMENT MANAGEMENT FEES -42,522. PART XII, LINE 4B - OTHER ADJUSTMENTS: INVESTMENT MANAGEMENT FEES 42,522. EUROPE 0 4 PROGRAM SERVICES DESTINATION MARKETING 498000 NEW ZEALAND/AUSTRALIA 0 1 PROGRAM SERVICES DESTINATION MARKETING 319546 ASIA 0 1 PROGRAM SERVICES DESTINATION MARKETING 75000 0 6 0 0 0 6 892546 0 892546 0 0 0 0 0 0 PART III ACCOUNTING METHOD: 1 X X 0 0 0 KEVIN G KANE PRESIDENT/CEO 399016 0 138264 0 27299 0 26100 0 31936 0 622615 0 0 0 LINDA SAWYER CAO/CFO 200688 0 49241 0 3776 0 22029 0 14850 0 290584 0 0 0 MALVIN GIPSON EVP SALES, SPORTS & SERVIC 186546 0 56238 0 3775 0 21785 0 21356 0 289700 0 0 0 REGENA BEARDEN CMO 189152 0 37142 0 3776 0 19959 0 10067 0 260096 0 0 0 KEVIN KERN VP - PUBLIC RELATIONS 124245 0 6119 0 0 0 11549 0 9902 0 151815 0 0 0 PATRICK AVERSA NATIONAL SALES DIRECTOR 83491 0 33349 0 0 0 8969 0 28025 0 153834 0 0 0 VARIOUS BUSINESS ORGS VARIOUS BOARD MMBRS 818042 THE BUREAU'S BOARD OF DIRECTORS IS COMPRISED OF LOCAL BUSINESS LEADERS IN THE TRAVEL, ENTERTAINMENT, RELIGIOUS, GOVERNMENT, AND GENERAL BUSINESS SECTORS OF MEMPHIS. IN THE NORMAL COURSE OF BUSINESS, THE BUREAU CONDUCTS BUSINESS WITH ORGANIZATIONS THAT ARE RELATED TO SOME OF ITS DIRECTORS. THE MAJORITY OF IN-KIND CONTRIBUTIONS REFLECT DISCOUNTS, SERVICES AND PRODUCTS RECEIVED FROM THESE RELATED ORGANIZATIONS. 0 FORM 990, PART I, LINE 1, DESCRIPTION OF ORGANIZATION MISSION: THE BUREAU PROMOTES MEMPHIS AS A CONVENTION SITE AND TOURISM DESTINATION, ASSISTS OTHER ORGANIZATIONS INVOLVED IN SUCH ACTIVITIES, DEVELOPS MARKETING STRATEGIES TO INCREASE VISITOR TRAVEL AND PROMOTES THE DEVELOPMENT OF THE HOSPITALITY INDUSTRY IN THE GREATER MEMPHIS AND SHELBY COUNTY AREAS. FORM 990, PART VI, SECTION A, LINE 6 THE BUREAU IS COMPRISED OF DUES PAYING MEMBERS. THEY HAVE THE RIGHT TO BE ELECTED TO THE BOARD OF DIRECTORS, AND THEY HAVE A VOTE IN SELECTING THE BOARD OF DIRECTORS. FORM 990, PART VI, SECTION A, LINE 7A THE GOVERNING BODY, THE BOARD OF DIRECTORS, IS ELECTED BY THE MEMBERSHIP OF THE BUREAU. EACH MEMBER HAS THE RIGHT TO VOTE FOR THE BOARD OF DIRECTORS. THE ELECTION IS HELD ANNUALLY. THE BOARD OF DIRECTORS HANDLES ALL OF THE SIGNIFICANT DECISIONS OF THE BUREAU. FORM 990, PART VI, SECTION A, LINE 7B MEMBERS VOTE ON IMPORTANT ISSUES. FORM 990, PART VI, SECTION B, LINE 11B THE BUREAU'S CEO AND CFO REVIEW A FINAL DRAFT COPY OF THE FORM 990. THEY MUST APPROVE THE FINAL DRAFT BEFORE IT IS FILED. FORM 990, PART VI, SECTION B, LINE 12C THE BUREAU'S POLICY REQUIRES THAT ANY CONFLICT OF INTEREST BE ANNUALLY DISCLOSED TO THE CHAIRMAN OF THE BOARD OF DIRECTORS AND THE EXECUTIVE COMMITTEE. FORM 990, PART VI, SECTION B, LINE 15 COMPENSATION IS COMPARED TO INDUSTRY STANDARDS AND THEN APPROVED BY MANAGEMENT AND THE BOARD OF DIRECTORS. FORM 990, PART VI, SECTION C, LINE 18 THESE DOCUMENTS ARE AVAILABLE UPON REQUEST. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION MAKES ITS GOVERNING DOCUMENTS AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC UPON REQUEST. FORM 990 THE PROCESS HAS NOT CHANGED FROM THE PRIOR YEAR. MEMPHIS MANAGEMENT GROUP LLC 47 UNION AVE MEMPHIS TN 38103 371622751 TO PROVIDE MANAGEMENT SERVICES FOR THE MEMPHIS COOK CONVENTION CENTER TN 125000 378051 MEMPHIS TOURISM EDUCATION FOUNDATION DBA WELCOME TO MEMPHIS 47 UNION AVENUE MEMPHIS TN 38103 481266525 TO IMPROVE THE SELF IMAGE OF MEMPHIS TN 501(C)(3) 1 0 0 0 0 0 0 0 0 0 0 0 0 1 0 1 1 0 1 0 0 MEMPHIS TOURISM EDUCATION FOUNDATION Q 413115 THE HOCKADOO COMPANY LP 630 NINTH AVE 610 NEW YORK NY 10036 261727604 MEMPHIS: THE MUSICAL NATIONAL TOUR NY 0 460 0 0 10 0 0.00200