PHILADELPHIA CONVENTION & VISITORS BUREAU Charity Report

Public IRS 990 nonprofit record

PHILADELPHIA CONVENTION & VISITORS BUREAU

EIN 23-0969325 · Professional Athletic Leagues (N80)

What they do

THE PHILADELPHIA CONVENTION & VISITORS BUREAU (PHLCVB) is THE OFFICIAL TOURISM PROMOTION AGENCY for THE CITY of PHILADELPHIA GLOBALLY, and THE SALES and MARKETING AGENCY for THE PENNSYLVANIA CONVENTION CENTER (PCC). PHLCVB MARKETS PHILADELPHIA AS A TOP DESTINATION for MEETINGS, CONVENTIONS, SPORTING EVENTS and INTERNATIONAL LEISURE TOURISM. IN FISCAL 2025, THE PHLCVB HOSTED 267 EVENTS IN TOTAL, INCLUDING 21 CITYWIDE EVENTS (THOSE WITH OVER 2,000 ROOM NIGHTS ON PEAK) THAT BOOSTED THE LOCAL ECONOMY. THESE EVENTS RESULTED IN 410 MILLION IN DIRECT SPEND and 636 MILLION IN ECONOMIC IMPACT, WHICH GENERATED 27.2 MILLION IN LOCAL TAX REVENUE and 31.9 MILLION IN STATE TAX REVENUE. KEY PROGRAMS INCLUDED: -CONVENTION SALES: SALES and INCENTIVE EFFORTS to ATTRACT, BOOK, and REBOOK MAJOR CONVENTIONS, TRADESHOWS, MEETINGS, and SPORTING EVENTS to POSITION PHILADELPHIA AS A PREMIER MEETING DESTINATION AROUND THE WORLD. -DESTINATION SERVICES: CONNECTING MEETING PLANNERS WITH PHILADELPHIA STAKEHOLDERS I

Before you give

Should I give to this charity?

Easy charity check

Look at where the money went

Of every $100 spent, about $90.60 was reported for mission work. Use the spending picture below and ask what results that work produced.

Plain answer: A tax form cannot prove that a charity is doing good. It can show how the charity says it spent its money—and point out questions you should ask.

Basic facts we verified

IRS warning checkNo IRS revocation warning appears in this data.

Money report from 2024The charity has a recent tax report to read.

They explain their jobThe charity tells us what it is trying to do.

They name their leaders10 people are listed in the latest report.

You can reach themThey list contact information, so you can ask questions.

Money made simple

85.87%of revenue went to mission work90.6% of expenses · Program services

$94.77spent for every $100 of revenueRevenue covered expenses this year.

8.90%of revenue went to management and office costs9.4% of expenses

$1.19in assets for every $1 spent this yearSome assets cannot be spent right away.

60.0%of its money came from giftsOther money may come from services or investments.

Ask these three easy questions

Who did you help? Ask for a recent story or report that shows real results.
What will my money do? Ask exactly what your gift will pay for.
Is this really the charity? Give only through its official website or confirmed phone number.

Pay context: The highest compensation shown in this filing is $618,957 for GREGG CAREN (PRES. & CEO). Compare pay with organizations of similar size and complexity.

Bottom line: Do not decide from a name, mission statement, or tax status alone. Look at where the money went, then ask what changed, who was helped, and what your gift will do. YouCanGiveBack does not endorse or grade organizations.

Money

Financial picture

Tax year 2024

A plain-language look at the latest Form 990 figures available. These numbers help you ask better questions; they do not, by themselves, rate whether a charity is good or bad.

$100revenue

How each $100 of revenue was used

The large number compares each expense with revenue. The smaller number shows its share of total expenses.

Total reported revenue$24,719,214

Mission workProgram services$21,227,50385.87% of revenue90.6% of expenses

ManagementOffice and general costs$2,199,6058.90% of revenue9.4% of expenses

FundraisingAsking for donations0.00% of revenue0.0% of expenses

Revenue left after expensesReported annual surplus$1,292,1065.23% of revenueShown in gray on the chart

Total expenses$23,427,10894.77% of revenue

Gray means reported revenue left after expenses for this filing year. It does not necessarily mean cash sitting in a bank account.

Has the pattern changed?

Colored bars = expense mix: how each year’s expenses were divided. Total expenses vs. revenue shows whether the charity spent less or more than it received. The current filing is first.

YearExpense mixDetails

2024CurrentExpense mix: 90.6% mission · 9.4% management · 0.0% fundraisingTotal expenses: 94.77% of revenue

2023Expense mix: 89.0% mission · 11.0% management · 0.0% fundraisingTotal expenses: 90.58% of revenue

2022Expense mix: 89.1% mission · 10.9% management · 0.0% fundraisingTotal expenses: 89.51% of revenue

2021Expense mix: 87.9% mission · 12.1% management · 0.0% fundraisingTotal expenses: 60.15% of revenue

2020Expense mix: 83.5% mission · 16.5% management · 0.0% fundraisingTotal expenses: 123.65% of revenue

2019Expense mix: 87.2% mission · 12.7% management · 0.1% fundraisingTotal expenses: 96.74% of revenue

2018Expense mix: 89.3% mission · 10.6% management · 0.1% fundraisingTotal expenses: 92.78% of revenue

2017Expense mix: 92.0% mission · 8.0% management · 0.0% fundraisingTotal expenses: 93.33% of revenue

Money in and money out

Revenue$24,719,214

Expenses$23,427,108

Annual surplus $1,292,106 Revenue was higher than expenses for this filing year.

Reported spending amounts

Mission work means the Form 990 category called program services. These are reported accounting categories—not an independent measurement of results.

Mission work (program services)$21,227,503 · 90.6% of expenses

Management and office costs$2,199,605 · 9.4% of expenses

See all reported dollar amounts

Revenue$24,719,214

Expenses$23,427,108

Assets$27,841,017

Income$24,719,214

Contributions$14,828,576

Mission work (program services)$21,227,503

Grants given$214,085

Average grant$17,840

Management and general$2,199,605

Accounting fees$43,296

People

Leadership and board

Tax year 2024

Names, titles, time, and compensation below are reported by the organization on its Form 990.

People reported as paid

Person and titleCompensation

GREGG CARENPRES. & CEO · 50 hrs/week $618,957Base $566,582 · Other $52,375

MARIA GRASSOCHIEF SALES · 50 hrs/week $363,992Base $299,470 · Other $64,522

LARRY NEEDLEEXEC DIR PH · 50 hrs/week $298,287Base $245,727 · Other $52,560

ARTHUR M AYRESCFO · 50 hrs/week $268,549Base $208,290 · Other $60,259

JOSEPH HELLERCMO · 50 hrs/week $263,993Base $224,323 · Other $39,670

BONNIE GRANTEX DIR PHL L · 50 hrs/week $242,937Base $201,287 · Other $41,650

JASON JORDANVP CONVENTIO · 50 hrs/week $224,997Base $159,375 · Other $65,622

KEVIN RICHARDNATL ACCOUN · 50 hrs/week $212,813Base $188,404 · Other $24,409

CHRISTINE SPENCERMARKETING DI · 50 hrs/week $180,363Base $142,390 · Other $37,973

Compensation alone does not tell whether pay is reasonable. Consider the charity’s size, work, location, and results.

See everyone listed on the board or leadership roster (10)

GREGG CARENPRES. & CEO

MARIA GRASSOCHIEF SALES

LARRY NEEDLEEXEC DIR PH

ARTHUR M AYRESCFO

JOSEPH HELLERCMO

BONNIE GRANTEX DIR PHL L

JASON JORDANVP CONVENTIO

KEVIN RICHARDNATL ACCOUN

CHRISTINE SPENCERMARKETING DI

SEE ATTACHED FOR THE BOD LISTBOD

About this charity

Recognized since: January 1944
Location: 1601 MARKET ST STE 200, PHILADELPHIA, PA 19103-2327
County: Philadelphia
In care of: GREGG CAREN
Primary officer: GREGG CAREN, PRES. & CEO

How to reach them

WebsiteVisit the charity’s website Phone(215) 636-3300 Officer phone(215) 636-4462

Filing and classification

Latest tax year: 2024
Tax period began: July 1, 2024
Return type: 990
Tax preparer: MILLIGAN & COMPANY LLC
NTEE classification: Professional Athletic Leagues (N80)
IRS tax category: Professional Athletic Leagues
Grant-giving organization: Yes