2024-11-06T10:29:24-06:00 2024-06-30 561220683 POTTER & COMPANY PA 434 COPPERFIELD BLVD NE STE A CONCORD NC 28025 990 2023-07-01 262726341 CABARRUS COUNTY TOURISM AUTHORITY CABA 7047824340 10099 WEDDINGTON ROAD 102 102 CONCORD NC 28027 JOHN MILLS EXECUTIVE VICE PRESIDENT 7044567962 2024-11-06 1 0 DANIEL O MORROW CPA P01353124 7047868189 2023 2024-10-15 13:58:12Z CABARRUS COUNTY CONVENTION AND VISITORS BUREAU JOHN MILLS 10099 WEDDINGTON RD CONCORD NC 28027 7391269 0 X WWW.EXPLORECABARRUS.COM X 2008 NC DRIVE VISITATION TO CABARRUS COUNTY TO GENERATE THE MAXIMUM IMPACT THROUGH HOTEL STAYS AND VISITOR SPENDING. 12 12 22 50 0 0 0 0 7019534 7152407 43154 228305 177551 10557 7240239 7391269 0 0 0 0 1465215 1807775 0 0 0 6155933 4622332 7621148 6430107 -380909 961162 7825518 8662539 2235540 2111399 5589978 6551140 DRIVE VISITATION TO CABARRUS COUNTY TO GENERATE THE MAXIMUM IMPACT THROUGH HOTEL STAYS AND VISITOR SPENDING. 0 0 5465591 DRIVE VISITATION TO CABARRUS COUNTY TO GENERATE THE MAXIMUM IMPACT THROUGH HOTEL STAYS AND VISITOR SPENDING. 5465591 0 0 0 0 0 0 0 0 0 1 0 0 1 1 1 1 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 1 0 0 0 0 0 0 0 0 0 0 1 2 0 22 0 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 0 0 X JOHN MILLS 7044567962 10099 WEDDINGTON RD SUITE 102 CONCORD NC 28027 GREG WALTER BOARD CHAIR 1.00 X X 0 0 0 TERRY CRAWFORD SECRETARY 1.00 X X 0 0 0 JAY WHITE TREASURER 1.00 X X 0 0 0 MIKE DOWNS BOARD MEMBER 1.00 X 0 0 0 JAMES ROSS BOARD MEMBER 1.00 X 0 0 0 STEVE STEINBACHER BOARD MEMBER 1.00 X 0 0 0 DIANE HONEYCUTT BOARD MEMBER 1.00 X 0 0 0 DEVANTE WATKINS BOARD MEMBER 1.00 X 0 0 0 ANGELA BROWN BOARD MEMBER 1.00 X 0 0 0 OWEN PARKER BOARD MEMBER 1.00 X 0 0 0 ALISON PALADINO BOARD MEMBER 1.00 X 0 0 0 VINAY PATEL BOARD MEMBER 1.00 X 0 0 0 DONNA CARPENTER PRESIDENT/CEO 40.00 X 173195 0 29539 JOHN MILLS EX. VICE PRESIDENT FINANCE 40.00 X 133570 0 24961 MICHEAL BONOFFSKI SR VP MARKETING 40.00 X 126578 0 23437 JOHN POOLE SR VP SALES 40.00 X 119536 0 22650 552879 0 100587 4 0 1 0 CASUAL ASTRONAUT 116 W MCDOWELL RD PHOENIX AZ 85003 MARKETING 1269530 CHARLOTTE MOTOR SPEEDWAY PO BOX 600 CONCORD NC 28026 MARKETING/SPONSORSHIPS 269467 FOURTH IDEA 535 WASHINGTON ST BUFFALO NY 14203 MARKETING 200763 HIGHLAND REALTY PO BOX 78192 CHARLOTTE NC 28271 RENT 194810 4 OCCUPANCY TAX INCOME 561499 7129626 7129626 ADVERTISING FEE INCOME 561499 22781 22781 7152407 228305 228305 MISCELLANEOUS INCOME 561499 7028 7028 ITEM FOR RESALE 561499 3529 3529 10557 7391269 7391269 0 0 1334631 1134436 200195 200931 170791 30140 173099 147134 25965 99114 84247 14867 30472 25901 4571 1731292 1471598 259694 70101 59586 10515 25586 21748 3838 17662 15013 2649 16777 14260 2517 285143 242372 42771 18188 15460 2728 SPONSORSHIP/EVENT EXPEN 985444 837627 147817 OTHER EXPENSES 644302 547658 96644 COLLATERAL PRODUCTION/B 440884 374751 66133 ADMINISTRATION FEE 356481 303009 53472 6430107 5465591 964516 0 5451359 6322166 554738 556027 648453 405148 123477 243305 1695944 1541041 7825518 8662539 260262 318612 1975278 1792787 2235540 2111399 X 0 0 123477 243305 5466501 6307835 5589978 6551140 7825518 8662539 961162 0 X X 0 0 0 341663 168413 173250 209921 146174 63747 96869 90561 6308 243305 DEFERRED OUTFLOW OF RESOURCES 451018 RIGHT TO USE LEASES ASSETS NET OF AMORTIZATION 1090023 1541041 NET PENSION LIABILITY 623895 DEFERRED INFLOWS OF RESOURCES 56137 LEASE OBLIGATIONS 1112755 1792787 X 7391269 0 7391269 0 7391269 6430107 0 6430107 0 6430107 PART X, LINE 2: THE ORGANIZATION HAS ADOPTED ASC 740-10, EFFECTIVE FOR AUDIT YEARS ENDING AFTER DECEMBER 15, 2009, AS IT RELATES TO UNCERTAIN TAX POSITIONS FOR THE YEARS ENDED JUNE 30, 2024 AND HAS EVALUATED ITS TAX POSITIONS FOR ALL OPEN TAX YEARS. THE ORGANIZATION IS NOT CURRENTLY UNDER AUDIT NOR HAS THE ORGANIZATION BEEN CONTACTED BY THE INTERNAL REVENUE SERVICE. BASED ON THE EVALUATION OF THE ORGANIZATIONS TAX POSITIONS, MANAGEMENT BELIEVES ALL POSITIONS TAKEN WOULD BE UPHELD UNDER AN EXAMINATION. THEREFORE, NO PROVISION FOR THE EFFECTS OF UNCERTAIN TAX POSITIONS HAVE BEEN RECORDED FOR THE YEARS ENDED JUNE 30, 2024. 0 0 0 DONNA CARPENTER PRESIDENT/CEO 173195 0 0 0 0 0 0 0 29539 0 202734 0 0 0 JOHN MILLS EX. VICE PRESIDENT FINANCE 133570 0 0 0 0 0 0 0 24961 0 158531 0 0 0 MICHEAL BONOFFSKI SR VP MARKETING 126578 0 0 0 0 0 0 0 23437 0 150015 0 0 0 GREG WALTER MEMBER OF BOARD & EXC VP -GENERAL MGR - CHARLOTTE MOTOR SPEEDWAY THE ORGANIZATION HAS A MARKETING AGREEMENT AND EVENT SPONSORSHIP WITH CHARLOTTE MOTOR SPEEDWAY. THE ORGANIZATION PAID CHARLOTTE MOTOR SPEEDWAY $269,467 DURING THE YEAR ENDED JUNE 30, 2024. 0 OWEN PARKER MEMBER OF BOARD & GENERAL MANAGER HILTON GARDEN INN THE ORGANIZATION PAID HILTON GARDEN INN $4,869 FOR SPONSORSHIP OF GROUP MEETINGS DURING THE YEAR ENDED JUNE 30, 2024. 0 STEVE STEINBACHER MEMBER OF BOARD & OWNER OF CABARRUS BREWING THE ORGANIZATION PAID CABARRUS BREWING $102 FOR EVENTS DURING THE YEAR ENDED JUNE 30, 2024. 0 ALISON PALADINO MEMBER OF BOARD & MEMBERSHIP DIRECTOR FOR CABARRUS CHAMBER OF COMMERCE THE ORGANIZATION PAID CABARRUS COUNTY CHAMBER OF COMMERCE $2,160 FOR MEMBERSHIP AND EVENTS DURING THE YEAR ENDED JUNE 30, 2024. 0 0 0 ANGELA BROWN MEMBER OF BOARD & GENERAL MGR OF GREAT WOLF LODGE THE ORGANIZATION PAID GREAT WOLF LODGE $6,181 FOR SPONSORSHIP OF GROUP SPONSORSHIP AND TRAVEL WRITERS DURING THE YEAR ENDED JUNE 30, 2024. 0 VINAY PATEL MEMBER OF BOARD & EXECUTIVE OF SREE HOTELS THE ORGANIZATION PAID SREE HOTELS $12,545 FOR SPONSORSHIP OF GROUP SITE VISITS DURING THE YEAR ENDED JUNE 30, 2024. 0 JAMES ROSS MEMBER OF BOARD & GENERAL MGR OF CONCORD MILL MALL THE ORGANIZATION PAID CONCORD MILLS MALL $20,000 FOR A MARKETING AGREEMENT DURING THE YEAR ENDED JUNE 30, 2024. 0 FORM 990, PART VI, SECTION B, LINE 11B A DRAFT COPY OF THE 990 RETURN WAS PRESENTED TO THE BOARD OF DIRECTORS FOR REVIEW BEFORE FILING. FORM 990, PART VI, SECTION B, LINE 12C THE CONFLICT OF INTEREST POLICY WAS DISTRIBUTED ANNUALLY TO THE BOARD OF DIRECTORS AND THE EMPLOYEES. WITHIN THE POLICY THERE ARE PROCEDURES FOR COMMUNICATING CONCERNS TO SUPERVISORS AND THE BOARD OF DIRECTORS. FORM 990, PART VI, SECTION B, LINE 15A SALARY OF THE CEO IS DETERMINED BY THE BOARD OF DIRECTORS. THE ORGANIZATION USED COMPARABLE DATA FROM OTHER RESOURCES SUCH AS DESTINATION MARKETNG ASSOCIATION INTERNATIONAL FOR CEO COMPENSATION. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION'S GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY AND FINANCIAL STATEMENTS ARE AVAILABLE FOR PUBLIC INSPECTION AT THE ORGANIZATION'S OFFICE UPON REQUEST. ORGANIZATIONS STAFF ARE AVAILABLE TO PROVIDE SUPERVISION AND ANSWER ANY QUESTIONS THE INQUIRING PARTY MAY HAVE. FORM 990, PART XI, LINE 2C THE AUDIT COMMITTEE ASSUMES RESPONSIBILITY FOR OVERSIGHT OF THE AUDIT AND THE SELECTION OF THE INDEPENDENT AUDITOR.