San Diego Convention Corporation Inc in San Diego, California (CA)

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San Diego Convention Corporation Inc
Employer Identification Number (EIN)330107636
Name of OrganizationSan Diego Convention Corporation Inc
In Care of NameFinance Manager
Address111 W Harbor Dr, San Diego, CA 92101-7822
ActivitiesAttracting new industry or retaining industry in an area
SubsectionCharitable Organization
Ruling Date11/1989
DeductibilityContributions are deductible
FoundationOrganization that normally receives no more than one third of its support from gross investment income and unrelated business income and at the same time more than one third of its support from contributions, fees, and gross receipts related to exempt purposes
OrganizationCorporation
Exempt Organization StatusUnconditional Exemption
Tax Period2012
Assets$10,000,000 to $49,999,999
Income$10,000,000 to $49,999,999
Filing Requirement990 - Not required to file (instrumentalities of states or political subdivisions)
Asset Amount$18,440,692
Amount of Income$34,881,298
Form 990 Revenue Amount$34,881,298
National Taxonomy of Exempt Entities (NTEE)Community Improvement, Capacity Building: Economic Development


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Amount of income in 2012: $34,881,298
San Diego Convention Corporation Inc: 

 $34,881,298
Other organizations performing similar types of work: 

 $623,666

Assets in 2012: $18,440,692
San Diego Convention Corporation Inc: 

 $18,440,692
Other organizations performing similar types of work: 

 $2,159,711

Expenses in 2007: $31,403,802
San Diego Convention Corporation Inc: 

 $31,403,802
Other organizations performing similar types of work: 

 $483,294

Income to expenses ratio in 2007: 1.1
This organization: 

 1.1
Other organizations performing similar types of work: 

 1.1

Expenses allocated to program services in 2007: 96.9%
San Diego Convention Corporation Inc: 

 96.9%
Other organizations performing similar types of work: 

 25.8%

Number of employees in 2007: 661
San Diego Convention Corporation Inc: 

 661
Other organizations performing similar types of work: 

 4

Employees paid over $50,000 in 2007: 12.6%
This organization: 

 12.6%
Other organizations performing similar types of work: 

 2.6%

Grants share in income in 2007: 12.4%
This organization: 

 12.4%
Other organizations performing similar types of work: 

 28.9%

Financial snapshot ($)

Revenue for 2007

Assets at end of 2007

Expenses for 2007

Functional Expenses for 2007 ($)

Income-Producing Activities for 2007

Revenue, Expenses, and Changes in Net Assets or Fund Balances
20002001200220032004200520062007
Total revenue$29,310,528$31,113,938$30,486,167$29,096,782$30,261,280$29,133,889$33,877,566$34,881,298
Contributions, gifts, grants, and similar amounts received$6,944,687$6,331,525$4,514,779$3,011,967$4,580,586$4,339,198$4,339,198$4,339,198
Contributions to donor advised funds$0$0
Direct public support$0$0$0$0$0$0$0$0
Indirect public support$0$0$0$0$0$0$0$0
Government contributions (grants)$6,944,687$6,331,525$4,514,779$3,011,967$4,580,586$4,339,198$4,339,198$4,339,198
Program service revenue including government fees and contracts$21,961,637$24,640,243$25,898,907$26,031,838$25,496,758$24,359,650$28,924,068$29,758,211
Membership dues and assessments$0$0$0$0$0$0$0$0
Interest on savings and temporary cash investments$404,204$142,170$72,481$52,977$183,936$435,041$611,067$564,002
Dividends and interest from securities$0$0$0$0$0$0$2,434$3,847
Net rental income or (loss)$0$0$0$0$0$0$0$0
Gross rents$0$0$0$0$0$0$0$0
Less: rental expenses$0$0$0$0$0$0$0$0
Other investment income$0$0$0$0$0$0$799$3,253
Gain or (loss) from sales of assets other than inventory$0$0$0$0$0$0$0$0
Gross amount from sales of assets other than inventory$0$0$0$0$0$0$0$0
Less: cost or other basis and sales expenses$0$0$0$0$0$0$0$0
Net income or (loss) from special events and activities$0$0$0$0$0$0$0$0
Gross revenue$0$0$0$0$0$0$0$0
Less: direct expenses other than fundraising expenses$0$0$0$0$0$0$0$0
Gross profit or (loss) from sales of inventory$0$0$0$0$0$0$0$0
Gross sales of inventory, less returns and allowances$0$0$0$0$0$0$0$0
Less: cost of goods sold$0$0$0$0$0$0$0$0
Other revenue$0$0$0$0$0$0$0$212,787
Total expenses$29,310,528$31,113,938$30,945,820$28,891,403$28,912,085$28,338,217$29,818,403$31,403,802
Program services$28,476,618$30,472,264$30,597,227$28,246,238$28,080,849$27,709,594$29,318,099$30,419,399
Management and general$833,910$641,674$348,593$645,165$831,236$628,623$500,304$984,403
Fundraising$0$0$0$0$0$0$0$0
Payments to affiliates$0$0$0$0$0$0$0$0
Net assets or fund balances at end of year$28,237,560$11,546,017$11,549,688$11,774,556$10,667,642$11,557,434$14,970,296$18,440,692
Excess or (deficit) for the year$0$0$-459,653$205,379$1,349,195$795,672$4,059,163$3,477,496
Net assets or fund balances at beginning of year$22,429,068$28,237,560$11,546,017$11,549,688$11,774,556$10,667,642$11,557,434$14,970,297
Other changes in net assets or fund balances$5,808,492$-16,691,543$463,324$19,489$-2,456,109$94,120$-646,301$-7,101
Statement of Functional Expenses (for 2007)
TotalProgram servicesManagement and generalFundraising
Total functional expenses$31,403,802$30,419,399$984,403$0
Grants paid from donor advised funds$0
Other grants and allocations$0
Specific assistance to individuals$0
Benefits paid to or for members$0
Compensation of current officers, directors, key employees, etc.$309,810$154,905$154,905$0
Compensation of former officers, directors, key employees, etc.$0$0$0$0
Compensation and other distributions, not included above, to disqualified persons (as defined under section 4958(f)(1)) and persons described in section 4958(c)(3)(B)$0$0$0$0
Salaries and wages of employees not included above$14,866,984$14,822,228$44,756$0
Pension plan contributions not included above$1,135,264$1,111,735$23,529$0
Employee benefits not included above$1,521,486$1,511,284$10,202$0
Payroll taxes$1,143,225$1,131,908$11,317$0
Professional fundraising fees$0$0$0$0
Accounting fees$20,210$0$20,210$0
Legal fees$376,686$0$376,686$0
Supplies$446,815$445,532$1,283$0
Telephone$103,660$101,586$2,074$0
Postage and shipping$32,525$31,874$651$0
Occupancy$4,931,735$4,929,535$2,200$0
Equipment rental and maintenance$1,472,420$1,472,420$0$0
Printing and publications$207,805$204,254$3,551$0
Travel$216,788$201,961$14,827$0
Conferences, conventions, and meetings$53,888$41,268$12,620$0
Interest$176,268$176,268$0$0
Depreciation, depletion, etc.$2,163,460$2,163,460$0$0
Other expenses not covered above$2,224,773$1,919,181$305,592$0
Balance Sheets
20002001200220032004200520062007
Total assets$48,406,324$29,397,428$28,752,082$27,117,315$27,430,685$30,528,186$31,229,624$35,515,228
Cash - non-interest-bearing$0$0$0$0$0$0$0$0
Savings and temporary cash investments$0$0$0$0$0$0$0$15,207,435
Accounts receivable less allowance for doubtful accounts$4,694,533$3,974,871$2,879,290$2,234,288$2,672,154$2,357,780$2,654,399$3,154,919
Pledges receivable less allowance for doubtful accounts$0$0$0$0$0$0$0$0
Grants receivable$0$0$0$0$0$0$0$0
Receivables from current and former officers, directors, trustees, and key employees$0$0$0$0$0$0$0$0
Receivables from other disqualified persons (as defined under section 4958(f)(1)) and persons described in section 4958(c)(3)(B)$0$0
Other notes and loans receivable less allowance for doubtful accounts$0$0$0$0$0$0$0$0
Inventories for sale or use$0$0$0$0$0$0$0$0
Prepaid expenses and deferred charges$898,289$745,058$1,200,313$998,766$815,595$900,525$852,602$844,202
Investments - publicly-traded securities$0$0
Investments - other securities$0$0$0$0$0$0$0$0
Investments - land, buildings, and equipment less accumulated depreciation$0$0$0$0$0$0$0$0
Investments - other$7,842,727$7,699,171$8,516,969$9,065,260$10,936,231$11,260,302$12,546,616$1,282,000
Land, buildings, and equipment less accumulated depreciation$24,655,353$16,978,328$16,155,510$14,819,001$13,006,705$16,009,579$15,176,007$15,026,672
Other assets, including program-related investments$10,315,422$0$0$0$0$0$0$0
Total liabilities$20,168,764$17,851,411$17,202,394$15,342,759$16,763,043$18,970,752$16,259,327$17,074,536
Accounts payable and accrued expenses$3,906,912$3,815,517$3,636,386$4,285,163$3,683,594$2,737,290$1,695,913$2,055,590
Grants payable$0$0$0$0$0$0$0$0
Deferred revenue$5,576,685$5,535,894$6,066,008$4,557,596$7,579,449$8,071,570$7,171,694$9,292,462
Loans from officers, directors, trustees, and key employees$0$0$0$0$0$0$0$0
Tax-exempt bond liabilities$0$0$0$0$0$0$0$0
Mortgages and other notes payable$9,500,000$8,500,000$7,500,000$6,500,000$5,500,000$8,161,892$6,456,261$4,701,560
Other liabilities$1,185,167$0$0$0$0$0$935,459$1,024,924
Total liabilities and net assets/fund balances$48,406,324$29,397,428$28,752,082$27,117,315$27,430,685$30,528,186$31,229,624$35,515,228
Total net assets or fund balances$28,237,560$11,546,017$11,549,688$11,774,556$10,667,642$11,557,434$14,970,297$18,440,692
Reconciliation of Revenue per Audited Financial Statements With Revenue per Return
20002001200220032004200520062007
Total revenue$29,310,528$3,113,938$30,486,167$29,096,782$30,261,280$29,133,889$33,877,566$34,881,298
Total revenue, gains, and other support per audited financial statements$29,310,528$3,113,938$30,486,167$29,096,782$30,261,280$29,133,889$33,874,333$34,874,198
Other expenses$0$0$0$0$0$0$0$0
Net unrealized gains on investments$0$0$0$0$0$0$0$0
Donated services and use of facilities$0$0$0$0$0$0$0$0
Recoveries of prior year grants$0$0$0$0$0$0$0$0
Other$0$0$0$0$0$0$0$0
Other revenue$0$0$0$0$0$0$3,233$7,100
Investment expenses$0$0$0$0$0$0$0$0
Other$0$0$0$0$0$0$3,233$7,100
Reconciliation of Expenses per Audited Financial Statements With Expenses per Return
20002001200220032004200520062007
Total expenses$29,310,528$31,113,938$30,945,820$28,891,403$28,912,085$28,338,217$29,818,403$31,403,802
Total expenses and losses per audited financial statements$29,310,528$31,113,938$30,945,820$28,891,403$28,912,085$28,338,217$29,818,403$31,403,802
Other revenue$0$0$0$0$0$0$0$0
Donated services and use of facilities$0$0$0$0$0$0$0$0
Prior year adjustments$0$0$0$0$0$0$0$0
Losses$0$0$0$0$0$0$0$0
Other$0$0$0$0$0$0$0$0
Other expenses$0$0$0$0$0$0$0$0
Investment expenses$0$0$0$0$0$0$0$0
Other$0$0$0$0$0$0$0$0
Current Officers, Directors, Trustees, and Key Employees
Average hours per week devoted to positionCompensationContributions to employee benefit plans & deferred compensation plansExpense account and other allowances
40$309,810$31,993$6,384
Total number of officers, directors, and trustees permitted to vote on organization business at board meetings7
Are any officers, directors, trustees, or key employees listed in Form 990, Part V-A, or highest compensated employees listed in Schedule A, Part I, or highest compensated professional and other independent contractors listed in Schedule A, Part II-A or II-B, related to each other through family or business relationships?No
Do any officers, directors, trustees, or key employees listed in Form 990, Part V-A, or highest compensated employees listed in Schedule A, Part I, or highest compensated professional and other independent contractors listed in Schedule A, Part II-A or II-B, receive compensation from any other organizations, whether tax exempt or taxable, that are related to the organization?No
Does the organization have a written conflict of interest policy?Yes
Other Information
Did the organization have unrelated business gross income of $1,000 or more during the year covered by this return, and has it filed a tax return on Form 990-T for this year?No
Was there a liquidation, dissolution, termination, or substantial contraction during the year?No
Is the organization related (other than by association with a statewide or nationwide organization) through common membership, governing bodies, trustees, officers, etc., to any other exempt or nonexempt organization?No
Direct and indirect political expenditures$0
Did the organization file Form 1120-POL for this year?No
Were substantially all dues nondeductible by members?
Did the organization make only in-house lobbying expenditures of $2,000 or less?
Dues, assessments, and similar amounts from members$0
Section 162(e) lobbying and political expenditures$0
Aggregate nondeductible amount of section 6033(e)(1)(A) dues notices$0
Taxable amount of lobbying and political expenditures$0
Does the organization elect to pay the section 6033(e) tax on the amount above?
If section 6033(e)(1)(A) dues notices were sent, does the organization agree to add the amount above to its reasonable estimate of dues allocable to nondeductible lobbying and political expenditures for the following tax year?
Initiation fees and capital contributions$0
Gross receipts for public use of club facilities$0
At any time during the year, did the organization, directly or indirectly, own a controlled entity within the meaning of section 512(b)(13)?Yes
Amount of tax imposed on the organization during the year under: section 4911$0
Amount of tax imposed on the organization during the year under: section 4912$0
Amount of tax imposed on the organization during the year under: section 4955$0
Did the organization engage in any section 4958 excess benefit transaction during the year or did it become aware of an excess benefit transaction from a prior year?No
Amount of tax imposed on the organization managers or disqualified persons during the year under sections 4912, 4955, and 4958$0
Amount of tax above, reimbursed by the organization$0
At any time during the tax year, was the organization a party to a prohibited tax shelter transaction?No
Did the organization acquire a direct or indirect interest in any applicable insurance contract?No
Did the supporting organization, or a fund maintained by a sponsoring organization, have excess business holdings at any time during the year?No
Number of employees employed in the pay period that includes March 12, 2006661
Analysis of Income-Producing Activities (for 2007)
Unrelated business incomeExcluded by section 512, 513, or 514Related or exempt function income
Business codeAmountExclusion codeAmount
Total$0$0$30,542,100
Program service revenue
Program service revenue 1000000$000$0$15,090,247
Program service revenue 2000000$000$0$11,724,335
Program service revenue 3000000$000$0$2,903,261
Program service revenue 4000000$000$0$0
Program service revenue 5000000$000$0$0
Medicare/Medicaid payments000000$000$0$0
Fees and contracts from government agencies000000$000$0$40,368
Membership dues and assessments000000$000$0$0
Interest on savings and temporary cash investments000000$000$0$564,002
Dividends and interest from securities000000$000$0$3,847
Net rental income or (loss) from real estate
debt-financed property000000$000$0$0
not debt-financed property000000$000$0$0
Net rental income or (loss) from personal property000000$000$0$0
Other investment income000000$000$0$3,253
Gain or (loss) from sales of assets other than inventory000000$000$0$0
Net income or (loss) from special events000000$000$0$0
Gross profit or (loss) from sales of inventory000000$000$0$0
Other revenue000000$000$0$212,787
Information Regarding Taxable Subsidiaries and Disregarded Entities (for 2007)
EIN of corporation, partnership, or disregarded entityPercentage of ownership interestTotal incomeEnd-of-year assets
0000000000%$0$0
0000000000%$0$0
0000000000%$0$0
0000000000%$0$0
Compensation of the Five Highest Paid Employees Other Than Officers, Directors, and Trustees (for 2007)
CompensationContributions to employee benefit plans & deferred compensationExpense account and other allowances
$191,261$19,126$0
$170,832$17,083$0
$152,918$15,292$4,200
$150,131$15,013$4,200
$147,500$14,750$0
Total number of other employees paid over $50,00077
Statements About Activities (for 2007)
Expenses paid or incurred in connection with the lobbying activities$0
Did the organization receive or hold an easement for conservation purposes, including easements to preserve open space, the environment, historic land areas or historic structures?No
Did the organization provide credit counseling, debt management, credit repair, or debt negotiation services?No
Did the organization maintain any donor advised funds?No
Did the organization make any taxable distributions under section 4966?No
Did the organization make a distribution to a donor, donor advisor, or related person?No
The total number of donor advised funds owned at the end of the tax year$0
The aggregate value of assets held in all donor advised funds owned at the end of the tax year$0
The total number of separate funds or accounts owned at the end of the tax year (excluding donor advised funds included above) where donors have the right to provide advice on the distribution or investment of amounts in such funds or accounts$0
The aggregate value of assets held in all funds or accounts included above at the end of the tax year$0
Reason for Non-Private Foundation Status
The organization is not a private foundation because it isOrganization that normally receives: less than 1/3 of its support from gross investment income and unrelated taxable business income and more than 1/3 of its support from contribution, membership fees
Support Schedule
19992000200120022003200420052006
Total$31,687,105$29,310,528$31,113,938$30,486,527$29,096,782$30,261,280$29,133,889$33,874,333
Gifts, grants, and contributions received$10,497,280$6,944,687$6,331,525$4,514,779$3,011,967$4,580,586$4,339,198$4,339,198
Membership fees received$0$0$0$0$0$0$0$0
Gross receipts from admissions, merchandise sold or services performed, or furnishing of facilities in any activity that is related to the organization's charitable, etc., purpose$20,875,121$21,961,637$24,640,243$25,898,907$26,031,838$25,496,758$24,359,650$28,924,068
Gross income from interest, dividends, amounts received from payments on securities loans (section 512(a)(5)), rents, royalties, and unrelated business taxable income (less section 511 taxes) from businesses acquired by the organization after June 30, 1975$314,704$404,204$142,170$72,841$52,977$183,936$435,041$611,067
Net income from unrelated business activities not included above$0$0$0$0$0$0$0$0
Tax revenues levied for the organization's benefit and either paid to it or expended on its behalf$0$0$0$0$0$0$0$0
The value of services or facilities furnished to the organization by a governmental unit without charge. Do not include the value of services or facilities generally furnished to the public without charge$0$0$0$0$0$0$0$0
Other income$0$0$0$0$0$0$0$0
Lobbying Expenditures by Electing Public Charities (for 2007)
Total exempt purpose expenditures$0
Total lobbying expenditures$0
Total lobbying expenditures to influence public opinion (grassroots lobbying)$0
Total lobbying expenditures to influence a legislative body (direct lobbying)$0
Other exempt purpose expenditures$0
Lobbying nontaxable amount$0
Grassroots nontaxable amount$0
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Organizations performing similar types of work
IdNameAddressStateEstablishedTotal Income
1San Diego Convention Corporation Inc111 W Harbor Dr, San Diego, CA 92101-7822CA1989-11$34,881,298
2Los Angeles Tourism & Convention Board333 S Hope Street, Los Angeles, CA 90071-1406CA1979-08$32,858,950
3San Francisco Travel Association1 Front St Ste 2900, San Francisco, CA 94111-5333CA1947-10$25,516,799
4San Jose Convention & Vistors Bureau408 Almaden Blvd, San Jose, CA 95110-2709CA1985-08$6,678,347
5Santa Monica Convention And Visitors Bureau Inc2427 Main St, Santa Monica, CA 90405-3539CA1983-11$3,799,784
6City Of Huntington Beach Civic Improvement Corporation2000 Main Street, Huntington Beach, CA 92648CA1987-01$2,753,564
7Vermont-Slauson Economic Development Corporation1130 W Slauson Ave, Los Angeles, CA 90044-3710CA1980-08$2,394,394
8Spirit Of 76 IncPO BOX 1876, Junction City, KS 66441-6876KS1976-07$1,102,440
9Bridge Economic Development Corporation600 California St Ste 900, San Francisco, CA 94108-2706CA1995-12$778,010
10Asian/American Economic Development Enterprises Inc216 W Garvey Ave Ste E, Monterey Park, CA 91754-1688CA1978-04$381,216
11Florin Road Partnership A Nonprofit OrganizationPO BOX 231817, Sacramento, CA 95823-0413CA1997-03$297,366
12Wisconsin Business Development Finance Corporation100 River Pl1 Board Walkll, Monona, WI 53716WI1982-07$6,747,667
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14City Urban Revitalization Corporation68-700 Avenida Lalo Guerrero, Cathedral City, CA 92234-1208CA2002-06$6,002,442
15Iron County Action Plan CommitteePO BOX 108, Ironton, MO 63650MO2000-02$5,517,378
16West Central Arkansas Planning & Development District IncPO BOX 6409, Hot Springs, AR 71902-6409AR1996-03$4,534,357
17Southwest Arkansas Planning &101 Harvey Couch Blvd, Magnolia, AR 71754AR1978-02$3,421,370
18Washington County Economic Development Partnership, Washington County Economic Development Inc20 E Beau Street, Washington, PA 15301PA2006-12$2,476,170
19La Cocina Inc2948 Folsom St, San Francisco, CA 94110-4028CA2007-08$1,958,553
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Number of organizations performing similar types of work
Alaska7
Alabama4
Arkansas8
Arizona5
California16
Colorado7
Connecticut3
District of Columbia3
Delaware3
Florida7
Georgia2
Iowa13
Idaho2
Illinois10
Indiana11
Kansas5
Kentucky8
Louisiana11
Massachusetts4
Maryland9
Maine3
Michigan11
Minnesota5
Missouri5
Mississippi5
Montana3
North Carolina13
North Dakota2
Nebraska3
New Hampshire3
New Jersey8
New Mexico2
New York18
Ohio10
Oklahoma2
Oregon1
Pennsylvania39
South Carolina5
South Dakota4
Tennessee3
Texas25
Utah3
Virginia8
Vermont5
Washington6
Wisconsin12
West Virginia6
International1
Total349

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