Norfolk Convention & Visitors Bureau Inc
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2011 | 4,844,938 | 4,823,747 | 21,191 | 2.5 | 29% |
| 2012 | 5,033,872 | 4,910,523 | 123,349 | 2.8 | 29% |
| 2013 | 4,819,020 | 4,867,105 | −48,085 | 2.7 | 31% |
| 2014 | 4,763,993 | 4,852,601 | −88,608 | 2.5 | 31% |
| 2015 | 4,816,767 | 4,591,393 | 225,374 | 3.2 | 34% |
| 2016 | 4,824,678 | 4,722,325 | 102,353 | 3.4 | 33% |
| 2017 | 4,881,810 | 4,648,589 | 233,221 | 4.1 | 35% |
| 2018 | 4,997,992 | 5,175,910 | −177,918 | 3.2 | 33% |
| 2019 | 4,953,304 | 4,493,841 | 459,463 | 4.9 | 42% |
| 2020 | 4,339,716 | 4,970,063 | −630,347 | 2.9 | 37% |
| 2021 | 4,428,367 | 4,083,259 | 345,108 | 4.6 | 51% |
| 2022 | 5,731,785 | 5,248,816 | 482,969 | 4.5 | 42% |
| 2023 | 5,479,312 | 5,597,892 | −118,580 | 4.0 | 40% |
In its most recent public year (2023), this organization spent $118,580 more than it brought in. Its reserves stood at about 4 months of spending, up from 2.5 in 2011. Staff pay was 40% of spending. $451,389 of its net assets are donor-restricted.
Reserve months = net assets ÷ average monthly spending; net assets count everything the organization owns beyond its debts — buildings and donor-restricted funds included, not just cash. Staff pay = salaries, wages, and officer compensation; it excludes benefits and payroll taxes. The IRS releases this data years after the fact — this organization's newest public year is 2023. Years refer to the calendar year in which the organization's fiscal year ended. Short-form filers do not publicly report donor-restricted balances or staffing costs. Source filings
Norfolk Convention & Visitors Bureau Inc's IRS filings as a feed — one entry per filing year, through 2023. Add the address to any feed reader; in Slack, send /feed subscribe with it (pasting the link alone won't subscribe). How this feed works