GREATER MERRIMACK VALLEY CONVENTION AND VISTORS BUREAU

LOWELL, MA, 01853-8370 (978) 459-6150 Est. 1992 EIN 04-3158302

Form 990 501(c)(6)

Mission

The Bureau was established to stimulate the region's economy by promoting and increasing tourism.

Total Revenue

$572,772

Total Expenses

$806,711

Net Assets

$416,035

3 employees

From latest filing (tax period ending 2024-06-30)

Operating Reserve

6.2 months Healthy

Net assets / monthly expenses

Year-over-Year Change

Revenue ↓ 22.2%

Expenses ↑ 0.8%

Revenue Sources

Contributions 93.1% Earned revenue 6.4% Investment 0.5%

Expense Breakdown

Program 94.0% Management 5.7%

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Year	Revenue	Expenses	Net Assets
2023 Form 990	$572,772 ↓	$806,711	$416,035
2022 Form 990	$736,043 ↓	$799,943	$649,974
2021 Form 990	$1,088,974 ↑	$659,117	$750,264
2020 Form 990	$516,348 ↓	$500,519	$320,407
2019 Form 990	$941,920 ↓	$961,407	$304,578
2018 Form 990	$1,058,829	$1,056,777	$324,065