GREATER BOSTON CONVENTION & VISITORS BUREAU INC

EIN: 042554943

BOSTON, MA

Total Revenue
$45,660,184
Total Expenses
$45,747,591
Total Assets
$40,603,507
Net Assets
$25,140,078
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1974
Legal Domicile
MA
Principal Officer
MARTHA SHERIDAN
Phone
6175364100
Tax Period
2023-01-01 to 2023-12-31

GREATER BOSTON CONVENTION & VISITORS BUREAU INC, founded in 1974, is a mid-sized nonprofit that reported $45.7M in total revenue in fiscal year 2023. Revenue grew 15% year-over-year, indicating healthy expansion.

Mission

THE GREATER BOSTON CONVENTION AND VISITORS BUREAU, INC.'S MISSION IS TO ELEVATE BOSTON'S VIBRANT NEIGHBORHOODS AND DIVERSE PEOPLE, AMPLIFYING THEIR STORIES AND SHARING THEM LOCALLY AND ACROSS THE GLOBE. WE DELIVER EXCITING AND INCLUSIVE PROGRAMS AND SERVICES THAT DRIVE OUR LOCAL ECONOMY BY UNIFYING AN ECLECTIC RANGE OF COMMUNITY STAKEHOLDERS AROUND THE OPPORTUNITIES, EXPERIENCES AND ENERGY THAT DEFINE OUR DESTINATION AND ENHANCE OUR INDUSTRY.

Program Service Accomplishments

Program 1

THE GBCVB IS A NOT-FOR-PROFIT ORGANIZATION WHICH PROMOTES AND MARKETS GREATER BOSTON FOR THE PURPOSE OF ENHANCING THE OVERALL ECONOMY THROUGH VISITOR DEVELOPMENT. THE GBCVB'S PRIMARY SOURCES OF...

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THE GBCVB IS A NOT-FOR-PROFIT ORGANIZATION WHICH PROMOTES AND MARKETS GREATER BOSTON FOR THE PURPOSE OF ENHANCING THE OVERALL ECONOMY THROUGH VISITOR DEVELOPMENT. THE GBCVB'S PRIMARY SOURCES OF REVENUES AND SUPPORT ARE GOVERNMENT GRANTS AND CONTRACTS, MARKETING PROGRAMS, TOURISM DESTINATION MARKETING DISTRICT SPECIAL ASSESSMENTS AND MEMBERSHIP DUES. GBCVB ALSO GENERATES REVENUES FROM PROMOTIONAL PUBLICATIONS, MEMBERSHIP SERVICES, AND OTHER MARKETING PROJECTS.

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $0
Program Service Revenue $45,154,850
Investment Income $390,965
Other Revenue $114,369
TOTAL REVENUE $45,660,184

Expense Breakdown

Grants Paid $0
Salaries & Benefits $11,073,726
Fundraising Expenses $0
Other Expenses $34,673,865
TOTAL EXPENSES $45,747,591

Year-over-Year Comparison

2023 2022 Change
Revenue $45,660,184 $39,850,438 +0.1%
Expenses $45,747,591 $21,956,395 +1.1%
Net Income $-87,407 $17,894,043 -1.0%
Key Indicators
✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✗ Schedule B Required
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Liquidity & Cash Position

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Governance

Voting Members
51
Independent Members
50
Employees
117
Volunteers
N/A

Governance Policies

✓ Conflict of Interest Policy
✓ Whistleblower Policy
✓ Document Retention Policy

Special Practices & Reported Activities

✗ Operated a School
✗ Operated a Hospital
✗ Provided First Class Travel
✗ Reported Conflict of Interest
✗ Reported Asset Diversion
✗ Excess Benefit Transaction
✗ Made Political Expenditures
✗ Engaged in Lobbying
✗ Operated Donor Advised Fund
✗ Maintained Art Collections
✗ Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers
6
$573,527
Total Directors
52
$573,527
Key Employees
2
$753,210
Highest Compensated
5
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
DAN DONAHUE CHAIRMAN 0.30
Officer Director
$0 $0 $0
JAMES CARMODY PAST CHAIR 0.30
Officer Director
$0 $0 $0
CINDY BROWN CLERK 0.30
Officer Director
$0 $0 $0
DARRYL SETTLES VICE CHAIR 0.30
Officer Director
$0 $0 $0
LAURA GREGORIADIS TREASURER 0.30
Officer Director
$0 $0 $0
MARTHA SHERIDAN PRESIDENT & CEO 40.00
Officer Director
$555,296 $18,231 $573,527
LAWRENCE CANCRO DIRECTOR 0.10
Director
$0 $0 $0
CAROLE COPELAND THOMAS DIRECTOR 0.10
Director
$0 $0 $0
ROBYN CULBERTSON DIRECTOR 0.10
Director
$0 $0 $0
DAVID COLELLA DIRECTOR 0.10
Director
$0 $0 $0
DUSTY RHODES DIRECTOR 0.10
Director
$0 $0 $0
BOB LEVINE DIRECTOR 0.10
Director
$0 $0 $0
RAFAEL A TORRES DIRECTOR 0.10
Director
$0 $0 $0
JANICE BOWERS DIRECTOR 0.10
Director
$0 $0 $0
PAUL SACCO DIRECTOR 0.10
Director
$0 $0 $0
ALAINA COPOLLA DIRECTOR 0.10
Director
$0 $0 $0
BRANDY ALEXANDER-ZUBER DIRECTOR 0.10
Director
$0 $0 $0
JOSEPH MILANO DIRECTOR 0.10
Director
$0 $0 $0
THOMAS KERSHAW DIRECTOR 0.10
Director
$0 $0 $0
DAN BODT DIRECTOR 0.10
Director
$0 $0 $0
CHRISTINA PAPPAS DIRECTOR 0.10
Director
$0 $0 $0
TOM WALSH DIRECTOR 0.10
Director
$0 $0 $0
BILL GALATIS DIRECTOR 0.10
Director
$0 $0 $0
NIA GRACE DIRECTOR 0.10
Director
$0 $0 $0
MICHAEL ESMOND DIRECTOR 0.10
Director
$0 $0 $0
DAGNY ASHLEY DIRECTOR 0.10
Director
$0 $0 $0
ADAM SPERLING DIRECTOR 0.10
Director
$0 $0 $0
PAUL SWARTZ DIRECTOR 0.10
Director
$0 $0 $0
BILL SKOGLUND DIRECTOR 0.10
Director
$0 $0 $0
JEFF TAYLOR DIRECTOR 0.10
Director
$0 $0 $0
JOHN DOUCETTE DIRECTOR 0.10
Director
$0 $0 $0
BOB LAWLOR DIRECTOR 0.10
Director
$0 $0 $0
SHAWN P FORD DIRECTOR 0.10
Director
$0 $0 $0
MICHAEL JORGENSEN DIRECTOR 0.10
Director
$0 $0 $0
ROBIN PARKER DIRECTOR 0.10
Director
$0 $0 $0
NICOLE OBI DIRECTOR 0.10
Director
$0 $0 $0
MAUREEN FOLEY DIRECTOR 0.10
Director
$0 $0 $0
BRADFORD RICE DIRECTOR 0.10
Director
$0 $0 $0
CHARLAYNE MURRELL-SMITH DIRECTOR 0.10
Director
$0 $0 $0
ED ROCCO DIRECTOR 0.10
Director
$0 $0 $0
CHARLIE SCHEWE DIRECTOR 0.10
Director
$0 $0 $0
JONATHAN CRELLIN DIRECTOR 0.10
Director
$0 $0 $0
DAMIAN O'RIORDAN DIRECTOR 0.10
Director
$0 $0 $0
TERRILYNN HAAK DIRECTOR 0.10
Director
$0 $0 $0
ALAN SMITH DIRECTOR 0.10
Director
$0 $0 $0
MARY-CATHERINE DEIBEL DIRECTOR 0.10
Director
$0 $0 $0
DAVID SALCFAC DIRECTOR 0.10
Director
$0 $0 $0
CHRYSSALDO THOMAS DIRECTOR 0.10
Director
$0 $0 $0
JEANNE STEWARD DIRECTOR 0.10
Director
$0 $0 $0
ROBERT SCHMECK DIRECTOR 0.10
Director
$0 $0 $0
LEVERETTE WING DIRECTOR 0.10
Director
$0 $0 $0
DENNIS GRAHAM DIRECTOR 0.10
Director
$0 $0 $0
MILTON HERBERT EXECUTIVE DIRECTOR 40.00
Key Emp
$358,459 $44,041 $402,500
HILINA AJAKAIYE EXECUTIVE VICE PRESIDENT 40.00
Key Emp
$335,275 $15,435 $350,710
KATE DAVIS VICE PRESIDENT SPECIAL PROJECT 40.00
Highest
$189,223 $11,476 $200,699
ROBERT REDMAN SENIOR NATIONAL SALES DIRE 40.00
Highest
$177,067 $48,504 $225,571
BETH STEHLEY VP OF CONVENTION SERVICES 40.00
Highest
$308,734 $22,835 $331,569
JUDY SHENG DIRECTOR, EVENTS & MEDIA S 40.00
Highest
$241,717 $39,085 $280,802
STEPHANIE PAPPAS VICE PRESIDENT OF SPORTS/I 40.00
Highest
$165,653 $20,185 $185,838
Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year Revenue Expenses Assets Net Income
2024 No data No data No data No data
2023 $45,660,184 $45,747,591 $40,603,507 $-87,407
2022 $39,850,438 $21,956,395 $31,920,636 $17,894,043
2021 $16,200,999 $10,338,369 $9,993,383 $5,862,630
2020 $8,778,402 $8,690,319 $3,175,283 $88,083
2019 $13,702,258 $14,684,226 $3,288,992 $-981,968
2018 $14,038,008 $14,091,363 $4,015,605 $-53,355
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