2025-02-26T22:00:09-06:00 2024-06-30 260794367 UHY ADVISORS MID-ATLANTIC INC 7900 WESTPARK DR SUITE T420 MCLEAN VA 22102 990 2023-07-01 364552990 FAIRFAX COUNTY CONVENTION & VISITORS CORPORATION FAIR 7037900643 10560 ARROWHEAD DRIVE SUITE 350 FAIRFAX VA 22030 BARRY BIGGAR PRESIDENT & CEO 7037900643 2025-02-26 1 0 MONISH BANGA P00770505 7038932660 2025-02-26 2023 2025-03-06 01:10:19Z BARRY BIGGAR 10560 ARROWHEAD DRIVE SUITE 350 FAIRFAX VA 22030 6003014 0 X WWW.FXVA.COM X 2004 VA TO PROMOTE FAIRFAX COUNTY AS A CONVENTION & MEETING SITE AND A TOURISM DESTINATION. 21 21 11 40 26018 4239 0 0 4638018 5854561 64412 87409 51000 61044 4753430 6003014 0 0 0 0 1240509 1296034 0 0 0 3529589 4228736 4770098 5524770 -16668 478244 3405067 2437625 5852734 4399521 -2447667 -1961896 FAIRFAX COUNTY CONVENTION & VISITORS CORPORATION'S PURPOSE IS TO PROMOTE & MARKET FAIRFAX COUNTY AS A CONVENTION & MEETING SITE AND A TOURISM DESTINATION. 0 0 FAIRFAX COUNTY CONVENTION AND VISITORS CORPORATION IS THE OFFICIAL DESTINATION MARKETING ORGANIZATION FOR FAIRFAX COUNTY, VA. IT IS OUR MISSION TO MARKET, PROMOTE AND SELL FAIRFAX COUNTY AS A PREFERRED DESTINATION TO TRAVEL TO AND VISIT TARGETING BUSINESS TRAVELERS, SPORTS GROUPS AND LEISURE TRAVELERS, BOTH INDEPENDENT AND GROUP. WE DO THIS BY PROVIDING INFORMATION ON LOCAL, HISTORICAL, CULTURAL, SHOPPING, CULINARY AND RECREATIONAL ATTRACTIONS AS WELL AS HOTELS. WE DO THIS TO GROW THE ECONOMIC CONTRIBUTIONS TO THE COUNTY AND TO ENRICH THE QUALITY OF LIFE FOR ITS RESIDENTS. IN 2022, WE RECEIVED A GRANT FROM THE VIRGINIA TOURISM CORPORATION, THE COMMONWEALTH OF VIRGINIA'S TOURISM MARKETING AGENCY, FROM THE AMERICAN RESCUE PROGRAM ACT, TOTALING $4.17 MILLION, TO BE USED IN BRAND NEW MARKETING, SALES AND PROMOTION INITIATIVES IN AN EFFORT TO RECOVER FROM THE COVID PANDEMIC. THIS GRANT WAS REQUIRED TO BE SPENT BY JUNE OF 2024. IN THE YEAR ENDED JUNE 30, 2023 HALF OF THE GRANT WAS UTILIZED, WITH THE LAST HALF UTILIZED IN THE YEAR ENDED JUNE 30, 2024. 0 0 0 0 0 0 0 0 1 1 1 0 0 1 1 1 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 10 0 1 11 1 1 1 0 0 0 0 0 0 0 X 21 21 0 0 0 0 0 0 0 1 1 0 0 0 1 1 1 1 1 1 1 0 X THE CORPORATION 7037900643 10560 ARROWHEAD DRIVE SUITE 350 FAIRFAX VA 22030 CHERYLYN LEBON CHAIRMAN 1.00 X X 0 0 0 CHRISTOPHER SHAND BOARD MEMBER 1.00 X 0 0 0 DON ANDERSON TREASURER 1.00 X X 0 0 0 OLIVIER LAU BOARD MEMBER 1.00 X 0 0 0 GARY COHEN PAST CHAIRMAN 1.00 X X 0 0 0 HOLLY WILLIAMSON BOARD MEMBER 1.00 X 0 0 0 JO LABRECQUE-FRENCH BOARD MEMBER 1.00 X 0 0 0 JON DAVENHALL BOARD MEMBER 1.00 X 0 0 0 MARION MYERS BOARD MEMBER 1.00 X 0 0 0 MATT BRINEY VICE-CHAIRMAN 1.00 X X 0 0 0 LINDSAY PETAK BOARD MEMBER 1.00 X 0 0 0 MORGAN MARAVICH BOARD MEMBER 1.00 X 0 0 0 PATRICIA WIRTH BOARD MEMBER 1.00 X 0 0 0 REGINA MORRONE BOARD MEMBER 1.00 X 0 0 0 SARAH WHITE SECRETARY 1.00 X X 0 0 0 SCOTT HAMILTON BOARD MEMBER 1.00 X 0 0 0 SEAN HUNT PAST CHAIRMAN 1.00 X X 0 0 0 STEPHANIE SNAPKOWSKI BOARD MEMBER 1.00 X 0 0 0 WILLIAM LECOS BOARD MEMBER 1.00 X 0 0 0 ROB HAHNE BOARD MEMBER 1.00 X 0 0 0 JOEL GOLDHAMMER BOARD MEMBER 1.00 X 0 0 0 BARRY H BIGGAR PRESIDENT/CEO-NON VOTING 40.00 X 288632 0 13513 DEAN MILLER NATIONAL SALES MANAGER 40.00 X 112103 0 3343 JACQUELINE FRANCHI VP MARKETING AND SALES 40.00 X 141079 0 6563 541814 0 23419 3 0 1 0 STREETSENSE CONSULTING LLC 641 S STREET NW WASHINGTON DC 20001 WEBSITE MARKETING 2449000 1 FAIRFAX COUNTY FUNDING 900099 3205423 3205423 ARPA/VIRGINIA TOURISM 900099 2413879 2413879 PARTNERS FUNDING 900099 150000 150000 QUALIFIED SPONSORSHIPS 900099 59241 59241 WEB BANNERS 900099 26018 26018 5854561 87409 87409 RENT ADJUSTMENT/NON CA 900099 61044 61044 61044 6003014 5828543 26018 148453 295603 816906 15855 92180 75490 4374 92336 4916 2265789 32479 43601 83158 127031 73755 64564 8990 WEBSITE MARKETING/MAINT 643697 MARKETING PRODUCTION 528240 SPONSORSHIPS/PROMOTIONS 140362 DUES AND SUBCRIPTIONS 73966 41478 5524770 43506 643890 945800 360656 42022 320549 506686 83944 108391 88926 14685 19465 914181 963265 316995 20254 621192 25602 3405067 2437625 285105 294544 5567629 4104977 5852734 4399521 X -2487920 -2143102 40253 181206 -2447667 -1961896 3405067 2437625 478244 7527 0 X X 0 1 X 1 1 1 40253 150000 9047 181206 30000 20253 10000 40253 37865 7865 30000 24986 24986 100000 75014 24986 1.00000 0 0 44344 35934 8410 64047 52992 11055 19465 CERTIFICATES OF DEPOSIT 653292 C CASH EQUIVALENTS 309973 C 963265 DUE TO FAIRFAX COUNTY 4098315 FINANCING LEASE LIABILITY 6662 4104977 X 6010541 7527 7527 6003014 0 6003014 5524770 0 5524770 0 5524770 PART X, LINE 2: FIN 48 FOOTNOTE TEXT FROM AUDITED FINANCIAL STATEMENTS: THE ORGANIZATION IS EXEMPT FROM FEDERAL INCOME TAXES UNDER SECTION 501(C)(6) OF THE INTERNAL REVENUE CODE. NO PROVISION FOR INCOME TAXES HAS BEEN PROVIDED IN THE FINANCIAL STATEMENTS. IN ACCOUNTING FOR UNCERTAINTY IN INCOME TAXES, ACCOUNTING STANDARDS REQUIRE AN ENTITY TO RECOGNIZE THE FINANCIAL STATEMENT IMPACT OF A TAX POSITION WHEN IT IS MORE-LIKELY-THAN-NOT THAT THE POSITION WILL NOT BE SUSTAINED UPON EXAMINATION. MANAGEMENT EVALUATED THE ORGANIZATION'S TAX POSITION AND CONCLUDED THERE ARE NO UNCERTAIN TAX POSITIONS THAT REQUIRE ADJUSTMENT TO THE FINANCIAL STATEMENTS TO COMPLY WITH THE PROVISIONS OF THE GUIDANCE. X X X 0 0 0 BARRY H BIGGAR PRESIDENT/CEO-NON VOTING 234911 0 53721 0 0 0 8659 0 4854 0 302145 0 0 0 FORM 990, PART VI, SECTION B, LINE 11B DRAFT 990: A DRAFT OF FORM 990 IS PROVIDED TO THE BUDGET AND FINANCE COMMITTEE FOR REVIEW. THE RESULTS OF THIS REVIEW ARE THEN REPORTED TO THE EXECUTIVE COMMITTEE. FORM 990, PART VI, SECTION B, LINE 12C CONFLICT OF INTEREST POLICY: THE ORGANIZATION CONTINUOUSLY MONITORS COMPLIANCE - SHOULD ANY ISSUE COME BEFORE THE BOARD WHERE A PERCEIVED CONFLICT, HOWEVER REMOTE, MAY ARISE, THE CHAIR WILL ASK THE QUESTION AND SHOULD A CONFLICT BE IDENTIFIED THAT BOARD MEMBER OR MEMBERS WILL BE ASKED TO RECUSE THEMSELVES FROM EITHER THE VOTE OR THE DISCUSSION ENTIRELY. ALSO, IF A BOARD MEMBER FEELS THAT THERE MAY BE A CONFLICT, THEY ARE OBLIGED TO BRING THAT UP TO THE BOARD FOR DISCUSSION AND SUBSEQUENT DECISION AND ACTION. THE AFOREMENTIONED IS MADE A MATTER OF RECORD IN OUR MINUTES. AS IT RELATES TO THE STAFF, THEY ARE OBLIGATED TO DISCLOSE ANY POSSIBLE CONFLICT TO THE PRESIDENT FOR SUBSEQUENT EVALUATION AND DECISION. SHOULD THE PRESIDENT HAVE A CONFLICT HE IS OBLIGATED TO BRING IT TO THE CHAIRMAN AND EXECUTIVE COMMITTEE. FAILURE TO DO SO IN EITHER CASE CAN END IN TERMINATION. FORM 990, PART VI, SECTION B, LINE 15 CEO COMPENSATION: THE CEO WAS HIRED BY A SEARCH COMMITTEE OF THE BOARD. AN OUTSIDE CONSULTANT WAS USED TO LEAD THE SEARCH. THEY USED COMPENSATION SURVEYS BY THE DESTINATION MARKETING ASSOCIATION INTERNATIONAL. THE CEO HAS A WRITTEN CONTRACT WITH OBJECTIVES AND GOALS THAT RAISES AND BONUSES ARE TIED TO. THE BOARD SELECTED THE CEO BASED ON THE RECOMMENDATION OF THE SEARCH COMMITTEE. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION'S GOVERNING DOCUMENTS ARE MADE AVAILABLE UPON REQUEST. FORM 990, PART XII, LINE 2C-AUDIT COMMITTEE THE ORGANIZATION HAS AN AUDIT COMMITTEE THAT MEETS WITH THE AUDITORS TO REVIEW THE AUDITED FINANCIAL STATEMENTS. THERE WAS NO CHANGE TO THIS PROCEDURE IN 2023/2024.