Greater Merrimack Valley Convention And Vistors Bureau
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2020 | 941,920 | 961,407 | −19,487 | 3.8 | 15% |
| 2021 | 516,348 | 500,519 | 15,829 | 7.7 | 17% |
| 2022 | 1,088,974 | 659,117 | 429,857 | 13.7 | 18% |
| 2023 | 736,043 | 799,943 | −63,900 | 9.8 | 18% |
In its most recent public year (2023), this organization spent $63,900 more than it brought in. Its reserves stood at about 9.8 months of spending, up from 3.8 in 2020. Staff pay was 18% of spending. $437,447 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
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