MEET AC INC

EIN: 465565508 Community Improvement

ATLANTIC CITY, NJ

Total Revenue
$9,657,734
Total Expenses
$9,538,984
Total Assets
$1,679,005
Net Assets
$155,737
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Financial Trends

Organization Details

Formation Year
2014
Legal Domicile
NJ
Principal Officer
MOISHA MOORE
Phone
6093186201
Tax Period
2023-01-01 to 2023-12-31

MEET AC INC, founded in 2014, is a community nonprofit in the Community Improvement sector that reported $9.7M in total revenue in fiscal year 2023.

Mission

TRADE ASSOCIATION ORGANIZED (1)TO PROMOTE AND MARKET THE CITY OF ATLANTIC CITY (NEW JERSEY) AS A DESTINATION FOR CONVENTION, MEETINGS AND TRADESHOWS; (2) TO IMPROVE COMMON ECONOMIC INTERESTS OF BUSINESSES THROUGHOUT THE ATLANTIC CITY REGION; AND (3) TO ENHANCE EMPLOYMENT OPPORTUNITIES AND STIMULATE ECONOMIC GROWTH WITH THE ATLANTIC CITY REGION.

Program Service Accomplishments

Program 1

VISIT ATLANTIC CITY IS THE DESTINATION MARKETING ORGANIZATION RESPONSIBLE FOR BUSINESS DEVELOPMENT IN THE MEETING, TRADESHOW, CONVENTION, AND EVENT SEGMENTS AS WELL AS DOMESTIC AND INTERNATIONAL...

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VISIT ATLANTIC CITY IS THE DESTINATION MARKETING ORGANIZATION RESPONSIBLE FOR BUSINESS DEVELOPMENT IN THE MEETING, TRADESHOW, CONVENTION, AND EVENT SEGMENTS AS WELL AS DOMESTIC AND INTERNATIONAL GROUP LEISURE TRAVEL FOR THE ATLANTIC CITY CONVENTION CENTER, AND THE ATLANTIC CITY HOTEL AND CASINO PROPERTIES. THIS BUSINESS SEGMENT GENERATED 300 MILLION IN ECONOMIC IMPACT THROUGH THE UTILIZATION OF OVER 200,000 ROOM NIGHTS ALONG WITH 500,000 VISITORS THAT ATTENDED THESE EVENTS IN 2023. VISIT ATLANTIC CITY RETAINS A 55% MARKET SHARE IN THIS SEGMENT WHILE BEING THE PRIMARY DRIVER OF THE MARKETING PROGRAMS, BRANDING, MESSAGING AND CONTENT. THESE PROGRAMS INCLUDE BUT ARE NOT LIMITED TO ALL PRINT AND DIGITAL ADVERTISING, SOCIAL MEDIA POSITION AND GROWTH AS WELL AS PUBLIC RELATION EFFORTS THAT SUPPORT ALL TOURISM IN AND AROUND THE ATLANTIC CITY MARKET. ADDITIONALLY, OUR COMPREHENSIVE MARKETING CALENDAR IS AVAILABLE TO ALL BUSINESSES IN ATLANTIC CITY TO PARTICIPATE IN AND INCLUDE, INDUSTRY TRADESHOWS, FAMILIARIZATION TRIPS, DESTINATION EDUCATION CONTENT AND ALL BUSINESS DEVELOPMENT PROGRAMS. BELOW ARE THE TOP HIGHEST GROSSING EVENTS GENERATED BY VISIT ATLANTIC CITY AND HELD AT THE ATLANTIC CITY CONVENTION CENTER IN 2023. EVENT ROOM NIGHTS ATTENDEES ECONOMIC IMPACT NJ LOM 8,280 15,650 12,707,633 NJ SB 8,375 7,000 5,352,195 POOL AND SPA 7,885 11,900 10,533,816 BOAT SHOW 877 34,589 10,222,874 AC JAM FEST 5,842 7,000 7,155,363 TRIPLE PLAY 3,371 6,079 6,293,374 FUTSOL 5,466 6,394 6,173,585 TRI-STATE CAMP 1,983 3,659 2,450,985 LAWN AND GARDEN 2,193 1,650 4,549,718 SPIRIT CHEER 3,021 11,000 4,163,498 IMPRESSIONS EXPO 1,080 5,210 3,567,586 EASTERN ENERGY 2,469 2,740 2,599,790 BAKERY EXPO 901 4,350 2,643,505 POLICE SECU.EXPO 1,804 6,304 2,940,661

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Trantor Score

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

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $1,376,609
Program Service Revenue $8,227,226
Investment Income $53,899
Other Revenue $0
TOTAL REVENUE $9,657,734

Expense Breakdown

Grants Paid $0
Salaries & Benefits $2,978,078
Fundraising Expenses $0
Other Expenses $6,560,906
TOTAL EXPENSES $9,538,984

Year-over-Year Comparison

2023 2022 Change
Revenue $9,657,734 $9,877,625 0.0%
Expenses $9,538,984 $9,877,625 0.0%
Net Income $118,750 N/A N/A
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Governance

Voting Members
5
Independent Members
5
Employees
89
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
2
$234,459
Total Directors
5
$234,459
Key Employees
1
$163,772
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
EVAN SANCHEZ TREASURER 1.00
Officer Director
$234,459 $0 $234,459
CAREN FITZPATRICK VP SALES 40.00
Key Emp
$163,772 $0 $163,772
MEG LEWIS TRUSTEE 1.00
Director
$0 $0 $0
KATHY MARSHALL TRUSTEE 1.00
Director
$0 $0 $0
MOISHA MOORE INTERIM CHAI 1.00
Officer Director
$0 $0 $0
SHARON PIERCE TRUSTEE 1.00
Director
$0 $0 $0
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
2025 No data No data No data No data
2024 No data No data No data No data
2023 $9,657,734 $9,538,984 $1,679,005 $118,750
2022 $9,877,625 $9,877,625 $1,297,633 No data
2021 $7,438,971 $7,438,971 $3,278,057 No data
2020 $5,324,623 $5,324,623 $2,908,042 No data
2019 $8,177,020 $8,219,825 $1,036,800 $-42,805
2018 $7,223,976 $7,549,184 $1,028,763 $-325,208
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