Greater Merrimack Valley Convention and Visitors Bureau Inc
Pub 78

Greater Merrimack Valley Convention and Visitors Bureau Inc
Pub 78

Lowell, MA, US
501(c)
EIN
04-3158302

Greater Merrimack Valley Convention and Visitors Bureau Inc
Pub 78

Lowell, MA, US
501(c)
EIN
04-3158302

Income Statement

Fiscal Year Start:
Jul 1
Revenues in 2024

$572,772

Government Grants
78%
Membership Dues
11%
Program Services
6%
Contributions
4%
Investments
<1%
Fundraising Events
0%
Other
0%
Expenses in 2024

$806,711

Advertising & Promotion
44%
Other
27%
Salaries & Benefits
20%
Offices, Occupancy & IT
6%
Fees to Service Providers
2%
Depreciation
<1%
Grants
0%
Benefits to Members
0%
Interest
0%
Revenues
2023
2024
Change
Contributions
$0
$23,182
-
Government Grants
$633,176
$445,565
-30%
Fundraising Events
$0
$0
-
Program Services
$36,390
$36,886
+1%
Membership Dues
$64,399
$64,481
+0%
Investments
$2,078
$2,658
+28%
Other
$0
$0
-
Total Revenues
$736,043
$572,772
-22%
Expenses
2023
2024
Change
Grants
$0
$0
-
Benefits to Members
$0
$0
-
Salaries & Benefits
$143,562
$160,634
+12%
Fees to Service Providers
$17,344
$19,268
+11%
Advertising & Promotion
$418,578
$358,686
-14%
Offices, Occupancy & IT
$47,523
$48,385
+2%
Interest
$0
$0
-
Depreciation
$2,213
$2,456
+11%
Other
$170,723
$217,282
+27%
Total Expenses
$799,943
$806,711
+1%
Net income
2023
2024
Change
Net income
-$63,900
-$233,939
-266%
Functional Expenses
Summary
2023
2024
Change
Program
$758,343
$758,429
+0%
Admin
$39,387
$45,826
+16%
Fundraising
$0
$0
-
Total Expenses
$799,943
$806,711
+1%
Income Statement
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