Nonprofit · EIN 23-2986440
VALLEY FORGE CONVENTION & VISITORS BUREAU LTD
Tax-exempt · KING OF PRUSSIA, PA 19406
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2025 | 990 | $11,516,980 | $10,970,655 | $546,325 | $8,918,207 | $1,930,669 | $6,987,538 |
| December 31, 2024 | 990 | $11,575,692 | $10,362,950 | $1,212,742 | $8,577,025 | $2,136,275 | $6,440,750 |
| December 31, 2023 | 990 | $10,231,925 | $9,854,870 | $377,055 | $7,576,179 | $2,355,335 | $5,220,844 |
Financial details: 990 for the year ended December 31, 2025
Revenue
- Contributions, gifts and grants
- $88,800
- of which government grants
- $5,000
- Program service revenue
- $11,243,191
- Investment income
- $158,383
- Net income from fundraising events
- $23,629
- Other revenue
- $26,606
Expenses
- Grants and similar amounts paid
- $0
- Compensation of officers, directors and key employees
- $867,546
- Other salaries and wages
- $1,805,728
- Salaries, compensation and benefits (total)
- $3,224,835
- Professional fundraising fees
- $0
- Legal fees
- $9,865
- Accounting fees
- $118,778
- Occupancy
- $305,416
- Travel
- $34,538
- Depreciation
- $80,798
- Program services (functional)
- $10,395,832
- Management and general (functional)
- $574,823
Balance sheet and other
- Total assets, start of year
- $8,577,025
- Total assets, end of year
- $8,918,207
- Total liabilities, end of year
- $1,930,669
- Net assets, end of year
- $6,987,538
- Land, buildings and equipment
- $160,796
- Net assets without donor restrictions
- $6,987,538
- Gross receipts
- $11,568,198
- Employees
- 33
- Volunteers
- 35
- Year formed
- 1999
- State of legal domicile
- PA
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990 for the year ended December 31, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| MICHAEL BOWMAN | CEO Officer | 50 | $455,625 | $44,099 |
| LISA KARL | VICE PRESIDENT OF SALES Officer | 50 | $221,783 | $8,557 |
| JONATHAN MARKEZIN | EXECUTIVE DIRECTOR OF OPER Officer | 50 | $190,138 | $7,508 |
| RACHEL RILEY | EMPLOYEE Highest-paid employee | 50 | $171,235 | $6,538 |
| JONATHAN SCHEUREN | EMPLOYEE Highest-paid employee | 50 | $138,001 | $5,675 |
| MEGAN TOMLINSON | EMPLOYEE Highest-paid employee | 50 | $115,166 | $5,460 |
| SCOTT HIGGINS | EMPLOYEE Highest-paid employee | 50 | $114,941 | $5,140 |
| RACHEL DAILEY | EMPLOYEE Highest-paid employee | 50 | $113,029 | $4,875 |
| AL ZONE | DIRECTOR Trustee or director | 1 | $0 | $0 |
| CHRISTOPHER MOLINEAUX | DIRECTOR Trustee or director | 1 | $0 | $0 |
| DEDREN BAILEY | DIRECTOR Trustee or director | 1 | $0 | $0 |
| ROBERT C HART | DIRECTOR Trustee or director | 1 | $0 | $0 |
| TOM SHIRES | DIRECTOR Trustee or director | 1 | $0 | $0 |
| HOWARD BROWN | DIRECTOR Trustee or director | 1 | $0 | $0 |
| JENNA M MEEHAN | DIRECTOR Trustee or director | 1 | $0 | $0 |
6 more people on this return
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| ERIC C DAVIES | DIRECTOR Trustee or director | 1 | $0 |
| RICHARD ODORISIO | DIRECTOR - CHAIRMAN Trustee or director, Officer | 1 | $0 |
| ELIZABETH MOY | DIRECTOR - SECRETARY Trustee or director, Officer | 1 | $0 |
| KRISTOFER J FAIR | DIRECTOR - TREASURER Trustee or director, Officer | 1 | $0 |
| TIM BRIGGS | DIRECTOR - VICE CHAIRMAN Trustee or director, Officer | 1 | $0 |
| ROSALYN FENNELL | EX-OFFICIO Trustee or director | 1 | $0 |
990 for the year ended December 31, 2024: 21 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| MICHAEL BOWMAN | CEO Officer | 50 | $443,412 | $38,208 |
| LISA KARL | VICE PRESIDENT OF SALES Officer | 50 | $215,970 | $8,308 |
| JONATHAN MARKEZIN | EXECUTIVE DIRECTOR OF OPER Officer | 50 | $179,500 | $7,087 |
| RACHEL RILEY | EMPLOYEE Highest-paid employee | 50 | $150,462 | $6,538 |
| JONATHAN SCHEUREN | EMPLOYEE Highest-paid employee | 50 | $125,409 | $5,135 |
| MEGAN TOMLINSON | EMPLOYEE Highest-paid employee | 50 | $106,995 | $5,250 |
| RACHEL DAILEY | EMPLOYEE Highest-paid employee | 50 | $106,976 | $4,622 |
| SCOTT HIGGINS | EMPLOYEE Highest-paid employee | 50 | $105,121 | $4,925 |
| AL ZONE | DIRECTOR Trustee or director | 1 | $0 | $0 |
| CHRISTOPHER MOLINEAUX | DIRECTOR Trustee or director | 1 | $0 | $0 |
| DEDREN BAILEY | DIRECTOR Trustee or director | 1 | $0 | $0 |
| ROBERT C HART | DIRECTOR Trustee or director | 1 | $0 | $0 |
| TOM SHIRES | DIRECTOR Trustee or director | 1 | $0 | $0 |
| HOWARD BROWN | DIRECTOR Trustee or director | 1 | $0 | $0 |
| GLORIA OIKELOME | DIRECTOR Trustee or director | 1 | $0 | $0 |
| ERIC C DAVIES | DIRECTOR Trustee or director | 1 | $0 | $0 |
| RICHARD ODORISIO | DIRECTOR - CHAIRMAN Trustee or director, Officer | 1 | $0 | $0 |
| ELIZABETH MOY | DIRECTOR - SECRETARY Trustee or director, Officer | 1 | $0 | $0 |
| KRISTOFER J FAIR | DIRECTOR - TREASURER Trustee or director, Officer | 1 | $0 | $0 |
| TIM BRIGGS | DIRECTOR - VICE CHAIRMAN Trustee or director, Officer | 1 | $0 | $0 |
| ROSALYN FENNELL | EX-OFFICIO Trustee or director | 1 | $0 | $0 |
990 for the year ended December 31, 2023: 21 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| MICHAEL BOWMAN | CEO Officer | 50 | $421,765 | $36,554 |
| LISA KARL | VICE PRESIDENT OF SALES Officer | 50 | $205,145 | $8,650 |
| JONATHAN MARKEZIN | EXECUTIVE DIRECTOR OF OPER Officer | 50 | $169,483 | $6,650 |
| RACHEL RILEY | EMPLOYEE Highest-paid employee | 50 | $127,338 | $5,544 |
| JONATHAN SCHEUREN | EMPLOYEE Highest-paid employee | 50 | $116,213 | $4,770 |
| SCOTT HIGGINS | EMPLOYEE Highest-paid employee | 50 | $107,366 | $4,675 |
| MEGAN TOMLINSON | EMPLOYEE Highest-paid employee | 50 | $102,152 | $4,950 |
| JUSTINE BELYUS | EMPLOYEE Highest-paid employee | 50 | $102,831 | $4,216 |
| AL ZONE | DIRECTOR Trustee or director | 1 | $0 | $0 |
| CHRISTOPHER MOLINEAUX | DIRECTOR Trustee or director | 1 | $0 | $0 |
| DEDREN BAILEY | DIRECTOR Trustee or director | 1 | $0 | $0 |
| ELIZABETH MOY | DIRECTOR - SECRETARY Trustee or director, Officer | 1 | $0 | $0 |
| ERIC C DAVIES | DIRECTOR Trustee or director | 1 | $0 | $0 |
| GLORIA OIKELOME | DIRECTOR Trustee or director | 1 | $0 | $0 |
| HOWARD BROWN | DIRECTOR Trustee or director | 1 | $0 | $0 |
| KRISTOFER J FAIR | DIRECTOR - TREASURER Trustee or director, Officer | 1 | $0 | $0 |
| RICHARD ODORISIO | DIRECTOR - CHAIRMAN Trustee or director, Officer | 1 | $0 | $0 |
| ROBERT C HART | DIRECTOR Trustee or director | 1 | $0 | $0 |
| ROSALYN FENNELL | EX-OFFICIO Trustee or director | 1 | $0 | $0 |
| TIM BRIGGS | DIRECTOR - VICE CHAIRMAN Trustee or director, Officer | 1 | $0 | $0 |
| TOM SHIRES | DIRECTOR Trustee or director | 1 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- 1000 FIRST AVENUE 101, KING OF PRUSSIA, PA 19406-1388
- In care of
- % VALL
- Principal officer (990 for 2025)
- MICHAEL BOWMAN, 1000 FIRST AVENUE 101, KING OF PRUSSIA, PA 19406
- Signed the 990
- MICHAEL BOWMAN, PRESIDENT/CEO
- Phone
- (610) 834-7970
- Website
- WWW.VALLEYFORGE.ORG
- Return prepared by
- KREISCHER MILLER
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.
Program accomplishments
- 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.Expenses $10,395,832 · revenue $11,243,191
What it must file and when
IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in December, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | December 31, 2025 | May 15, 2026 | 990 on file |
| 2024 | December 31, 2024 | May 15, 2025 | 990 on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990 on file |
IRS record
- EIN
- 23-2986440
- Tax-exempt status
- 501(c)(6): Business league or chamber of commerce
- Donations deductible
- No
- Exempt since
- 2001
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Community improvement and capacity building (S41)
- Assets (IRS master file)
- $8,918,207
- Income (IRS master file)
- $11,568,198
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2025 | $11,516,980 | $10,970,655 | $8,918,207 | XML |
| 990 | December 2024 | $11,575,692 | $10,362,950 | $8,577,025 | XML |
| 990 | December 2023 | $10,231,925 | $9,854,870 | $7,576,179 | XML |
| 990 | December 2022 | $8,752,305 | $8,729,594 | $5,927,993 | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990 | December 2020 | – | – | – | IRS |
| 990 | December 2018 | – | – | – | IRS |
990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 23-2986440).
Questions about VALLEY FORGE CONVENTION & VISITORS BUREAU LTD
- What is the EIN of VALLEY FORGE CONVENTION & VISITORS BUREAU LTD?
- The employer identification number (EIN) of VALLEY FORGE CONVENTION & VISITORS BUREAU LTD is 23-2986440.
- Is VALLEY FORGE CONVENTION & VISITORS BUREAU LTD tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(6) since 2001.
- Are donations to VALLEY FORGE CONVENTION & VISITORS BUREAU LTD tax-deductible?
- No. The IRS master file says contributions to it are not deductible.
- Which annual return does VALLEY FORGE CONVENTION & VISITORS BUREAU LTD file?
- Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
- When is the next return of VALLEY FORGE CONVENTION & VISITORS BUREAU LTD due?
- The return for tax year 2026 (the year ending December 31, 2026) is due May 17, 2027. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did VALLEY FORGE CONVENTION & VISITORS BUREAU LTD last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended December 2025.
- Who is the principal officer of VALLEY FORGE CONVENTION & VISITORS BUREAU LTD?
- The 990 for the year ended December 31, 2025 names MICHAEL BOWMAN.
- Who are the officers and directors of VALLEY FORGE CONVENTION & VISITORS BUREAU LTD?
- The 990 for the year ended December 31, 2025 lists 21 people; 8 received compensation from the organization, the highest $455,625 (MICHAEL BOWMAN, CEO).
- How much revenue does VALLEY FORGE CONVENTION & VISITORS BUREAU LTD have?
- On its 990 for the year ended December 31, 2025 it reported revenue of $11,516,980, expenses of $10,970,655 and total assets of $8,918,207 at year end.
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