2025-09-23T14:39:50-05:00 2024-12-31 231980475 KREISCHER MILLER 100 WITMER ROAD SUITE 350 HORSHAM PA 190442369 990 2024-01-01 232986440 VALLEY FORGE TOURISM AND CONVENTION BOARD VALL 6108347970 1000 FIRST AVENUE 101 KING OF PRUSSIA PA 19406 MICHAEL BOWMAN PRESIDENT/CEO 6108347970 2025-09-23 1 1 KOMAL DATE P01423236 2154414600 2024 2025-03-06 01:10:19Z MICHAEL BOWMAN 1000 FIRST AVENUE 101 KING OF PRUSSIA PA 19406 11615850 0 X WWW.VALLEYFORGE.ORG X 1999 PA TO STRENGTHEN ECOMONIC PROSPERITY WITHIN MONTGOMERY COUNTY, PENNSYLVANIA, BY RAISING ITS VISIBILITY AS A TOURISM DESTINATION FOR LEISURE AND CONVENTION MARKETS. THE PEOPLE OF THE VALLEY FORGE TOURISM AND COVENTION BOARD WORK EACH DAY TO INSPIRE VISITORS TO DISCOVER AND EXPLORE OUR NATURAL, CULTURAL AND HISTORIC ASSETS. ULTIMATELY INCREASING ROOM NIGHTS FOR OUR WORLD-CLASS HOTELS AND DRIVING REVENUE IN OUR MEMBER AND PARTNER BUSINESSES. 12 12 31 35 0 0 273391 630090 9857479 10740775 100018 162609 1037 42218 10231925 11575692 0 0 0 0 2820934 3013530 0 0 0 7033936 7349420 9854870 10362950 377055 1212742 7576179 8577025 2355335 2136275 5220844 6440750 X TO STRENGTHEN ECOMONIC PROSPERITY WITHIN MONTGOMERY COUNTY, PENNSYLVANIA, BY RAISING ITS VISIBILITY AS A TOURISM DESTINATION FOR LEISURE AND CONVENTION MARKETS. THE PEOPLE OF THE VALLEY FORGE TOURISM AND COVENTION BOARD WORK EACH DAY TO INSPIRE VISITORS TO DISCOVER AND EXPLORE OUR NATURAL, CULTURAL AND HISTORIC ASSETS. ULTIMATELY INCREASING ROOM NIGHTS FOR OUR WORLD-CLASS HOTELS AND DRIVING REVENUE IN OUR MEMBER AND PARTNER BUSINESSES. 0 0 9820655 10753248 THE ORGANIZATION FUNCTIONS AS A NON-PROFIT MEMBERSHIP SALES AND MARKETING ORGANIZATION WHICH PROMOTES MONTGOMERY COUNTY, PA AND VALLEY FORGE AREAS AS A CONVENTION SITE AND LEISURE VISITOR DESTINATION. THE BUREAU REPRESENTED MORE THAN 500 MEMBER BUSINESSES AND PROMOTES PATRONAGE OF AREA HOTELS, RESTAURANTS, ATTRACTIONS AND SERVICES. THE BUREAU IS GOVERNED BY A 12 MEMBER TOURIST ADVISORY BOARD OF COUNTY HOSPITALITY INDUSTRY, BUSINESS AND CIVIC LEADERS WHO SERVE WITHOUT PAY AND ARE APPOINTED BY MONTGOMERY COUNTY GOVERNMENT. FUNDING FOR THE BUREAU ACTIVITIES IS PROVIDED BY A 4% COUNTY HOTEL ROOM TAX AND MEMBERSHIP DUES. 9820655 0 1 0 0 0 0 0 0 0 1 0 0 1 1 1 1 0 0 0 0 0 0 0 1 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 1 0 0 1 0 0 31 1 0 0 0 0 0 0 0 0 X 12 12 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 PA X THE ORGANIZATION 6108347960 1000 FIRST AVENUE SUITE 101 KING OF PRUSSIA PA 19406 AL ZONE DIRECTOR 1.00 X 0 0 0 CHRISTOPHER MOLINEAUX DIRECTOR 1.00 X 0 0 0 DEDREN BAILEY DIRECTOR 1.00 X 0 0 0 ROBERT C HART DIRECTOR 1.00 X 0 0 0 TOM SHIRES DIRECTOR 1.00 X 0 0 0 HOWARD BROWN DIRECTOR 1.00 X 0 0 0 GLORIA OIKELOME DIRECTOR 1.00 X 0 0 0 ERIC C DAVIES DIRECTOR 1.00 X 0 0 0 RICHARD ODORISIO DIRECTOR - CHAIRMAN 1.00 X X 0 0 0 ELIZABETH MOY DIRECTOR - SECRETARY 1.00 X X 0 0 0 KRISTOFER J FAIR DIRECTOR - TREASURER 1.00 X X 0 0 0 TIM BRIGGS DIRECTOR - VICE CHAIRMAN 1.00 X X 0 0 0 ROSALYN FENNELL EX-OFFICIO 1.00 X 0 0 0 MICHAEL BOWMAN CEO 50.00 X 443412 0 38208 JONATHAN MARKEZIN EXECUTIVE DIRECTOR OF OPER 50.00 X 179500 0 7087 LISA KARL VICE PRESIDENT OF SALES 50.00 X 215970 0 8308 JONATHAN SCHEUREN EMPLOYEE 50.00 X 125409 0 5135 RACHEL RILEY EMPLOYEE 50.00 X 150462 0 6538 RACHEL DAILEY EMPLOYEE 50.00 X 106976 0 4622 SCOTT HIGGINS EMPLOYEE 50.00 X 105121 0 4925 MEGAN TOMLINSON EMPLOYEE 50.00 X 106995 0 5250 1433845 0 80073 8 0 1 0 0 70090 560000 630090 MONTGOMERY COUNTY ROOMS TAX 900099 10332205 10332205 CO-OP PROJECTS 900099 298609 298609 MEMBERSHIP DUES 900099 109961 109961 10740775 162609 162609 69903 70090 40158 29745 29745 MISCELLANEOUS 900099 12473 12473 12473 11575692 10753248 0 192354 838882 692249 146633 1672079 1408285 263794 95627 78033 17594 234394 195735 38659 172548 141340 31208 1530 1530 102929 102929 150590 150590 6289619 6289619 46850 46850 173752 173752 309402 290985 18417 36480 36480 10166 10166 79727 74981 4746 29272 29272 DUES AND SUBSCRIPTIONS 32575 32575 AUTO EXPENSE 27447 27447 OFFICE OPERATIONS 24880 3636 21244 EMPLOYEE RELATIONS 16498 16498 17703 17703 10362950 9820655 542295 0 2303 0 4347138 4841670 1552184 2057546 140868 246895 921873 784921 108012 136952 1425674 1293962 7576179 8577025 1135332 1125080 1220003 1011195 2355335 2136275 X 5220844 6218602 222148 5220844 6440750 7576179 8577025 1212742 7164 0 X X 0 1 X 1 0 RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 311662 259832 51830 610211 525089 85122 136952 RIGHT-OF-USE ASSET ON OPERATING LEASES 1215112 CIP 78850 1293962 OPERATING LEASE LIABILITY 1011195 1011195 X 11582856 7164 7164 11575692 0 11575692 10362950 0 10362950 0 10362950 PART X, LINE 2: THE BOARD IS TAX EXEMPT. CONSEQUENTLY, THE BOARD FILES FEDERAL FORM 990 AND HAS NOT FILED FORM 990T. WITH FEW EXCEPTIONS, THE BOARD IS NO LONGER SUBJECT TO U.S. FEDERAL OR STATE AND LOCAL INCOME TAX EXAMINATIONS BY TAX AUTHORITIES FOR YEARS BEFORE 2020. IT IS DIFFICULT TO PREDICT THE FINAL TIMING AND RESOLUTION OF ANY PARTICULAR UNCERTAIN TAX POSITION. THE BOARD DOES NOT CURRENTLY ANTICIPATE SIGNIFICANT CHANGES IN ITS UNCERTAIN TAX POSITIONS OVER THE NEXT 12 MONTHS. X PA VALLEY FORGE 5-MILE RUN 139993 70090 69903 40158 139993 70090 69903 40158 40158 29745 X X 0 0 0 MICHAEL BOWMAN CEO 317712 0 125700 0 0 0 7249 0 30959 0 481620 0 0 0 LISA KARL VICE PRESIDENT OF SALES 179970 0 36000 0 0 0 8308 0 0 0 224278 0 0 0 JONATHAN MARKEZIN EXECUTIVE DIRECTOR OF OPER 142400 0 37100 0 0 0 7087 0 0 0 186587 0 0 0 RACHEL RILEY EMPLOYEE 126462 0 24000 0 0 0 6538 0 0 0 157000 0 0 0 FORM 990, PART I, LINE 1, DESCRIPTION OF ORGANIZATION MISSION: TO STRENGTHEN ECOMONIC PROSPERITY WITHIN MONTGOMERY COUNTY, PENNSYLVANIA, BY RAISING ITS VISIBILITY AS A TOURISM DESTINATION FOR LEISURE AND CONVENTION MARKETS. THE PEOPLE OF THE VALLEY FORGE TOURISM AND COVENTION BOARD WORK EACH DAY TO INSPIRE VISITORS TO DISCOVER AND EXPLORE OUR NATURAL, CULTURAL AND HISTORIC ASSETS. ULTIMATELY INCREASING ROOM NIGHTS FOR OUR WORLD-CLASS HOTELS AND DRIVING REVENUE IN OUR MEMBER AND PARTNER BUSINESSES. FORM 990, PART VI, SECTION B, LINE 11B THE PRESIDENT/CEO WILL REVIEW WITH THE BOARD AT A BOARD OF DIRECTORS MEETING PRIOR TO FILING. FORM 990, PART VI, SECTION B, LINE 12C THE ORGANIZATION REGULARLY AND CONSISTENTLY MONITORS AND ENFORCES COMPLIANCE WITH THE CONFLICT OF INTEREST POLICY BY DISCUSSING IT AT BOARD MEETINGS ANNUALLY. FORM 990, PART VI, SECTION B, LINE 15 THE VALLEY FORGE CVB PARTICIPATES IN ANNUAL COMPENSATION REVIEW FOR ALL POSITIONS IN THE COMPANY, INCLUDING THE HIGHLY COMPENSATED EMPLOYEES; COMPENSATION IS COMPARED TO THE INDUSTRY AND RESULTS ARE REVIEWED TO MAKE SURE THE ORGANIZATION IS IN LINE WITH INDUSTRY STANDARDS 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, PART XII, LINE 2C THE PROCESS HAS NOT CHANGED FROM THE PRIOR YEAR. MONTGOMERY COUNTY GOVERNMENT NORRISTOWN PA 19401 COUNTY GOVERNMENT PA 501(C)(1) 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0