Greater Springfield Convention & Visitors Bureau
Greater Springfield CVB: Steady Revenue Growth, High Program Spending
EIN: 222659512 · Springfield, MA · Updated: 2026-04-04
| Metric | Value |
|---|---|
| Total Revenue | $2.2M |
| Total Expenses | $2.2M |
| Program Spending | 85% |
| Net Assets | $706K |
| Transparency Score | 75/100 |
Is Greater Springfield Convention & Visitors Bureau Legit?
Appears Legitimate
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Greater Springfield Convention & Visitors Bureau directs 85% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Greater Springfield Convention & Visitors Bureau
Greater Springfield Convention & Visitors Bureau (EIN: 222659512) is a nonprofit organization based in Springfield, MA. The organization reported total revenue of $2.2M and total assets of $1.2M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Greater Springfield Convention & Visitors Bureau's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Greater Springfield Convention & Visitors Bureau is a mid-size nonprofit that has been operating for 40 years, with 13 years of IRS 990 filings on record (2012–2024). Revenue has grown at a compound annual rate of 6.6%.
Key Financial Metrics (2024)
From the most recent IRS 990 filing on record:
| Total Revenue | $2.2M |
| Total Expenses | $2.2M |
| Surplus / Deficit | +$17K |
| Total Assets | $1.3M |
| Total Liabilities | $601K |
| Net Assets | $706K |
| Operating Margin | 0.8% |
| Debt-to-Asset Ratio | 46.0% |
| Months of Reserves | 7.1 months |
Financial Health Grade: A
In 2024, Greater Springfield Convention & Visitors Bureau reported a surplus of $17K with revenue exceeding expenses, holds 7.1 months of operating reserves (strong position), has a debt-to-asset ratio of 46.0% (moderate leverage).
Financial Trends
Over 13 years of filings (2012–2024), Greater Springfield Convention & Visitors Bureau's revenue has grown at a compound annual growth rate (CAGR) of 6.6%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2024 | +22.8% | +28.9% | -9.7% |
| 2023 | +24.3% | +16.9% | +11.4% |
| 2022 | +11.3% | +18.1% | +24.4% |
| 2021 | -17.9% | -12.5% | +7.4% |
| 2020 | +26.4% | +13.3% | +57.0% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1986 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Transparency Report
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Greater Springfield Convention & Visitors Bureau with a Mission Score of 75 out of 100 (Good). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 10%
- programs: 85%
- fundraising: 5%
According to IRS 990 filings, Greater Springfield Convention & Visitors Bureau allocates its expenses as follows: admin: 10%, programs: 85%, fundraising: 5%. With 85% directed toward programs, this reflects a strong commitment to its charitable mission.
Key Financial Metrics (2024)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $17K, with revenue exceeding expenses.
- Debt-to-asset ratio: 46.0%.
Executive Compensation Analysis
Executive compensation appears reasonable given the organization's size and revenue, with no red flags identified in the available filings.
Executive compensation data is sourced from IRS 990 filings, which require nonprofits to disclose the compensation of officers, directors, trustees, and key employees. NonprofitSpending analyzes this data relative to the organization's total revenue and sector benchmarks to assess whether executive pay is reasonable.
Strengths
The following positive indicators were identified for Greater Springfield Convention & Visitors Bureau:
- Consistent revenue growth over the past several years, from $978,427 in 2017 to $2,217,482 in 2024.
- Strong asset base, growing from $560,186 in 2017 to $1,306,676 in 2024.
- High percentage of spending allocated to programs, indicating a focus on mission delivery.
Frequently Asked Questions about Greater Springfield Convention & Visitors Bureau
Is Greater Springfield Convention & Visitors Bureau a legitimate charity?
Greater Springfield Convention & Visitors Bureau (EIN: 222659512) is a registered tax-exempt nonprofit based in Massachusetts. Our AI analysis gives it a Mission Score of 75/100. It has 13 years of IRS 990 filings on record. Total revenue: $2.2M. No red flags identified. 3 strengths noted. Financial health grade: A.
How does Greater Springfield Convention & Visitors Bureau spend its money?
Greater Springfield Convention & Visitors Bureau directs 85% of its spending to programs and services. Fundraising costs 5%. This exceeds the 65% industry benchmark.
Are donations to Greater Springfield Convention & Visitors Bureau tax-deductible?
Greater Springfield Convention & Visitors Bureau is registered as a tax-exempt nonprofit (EIN: 222659512). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Greater Springfield Convention & Visitors Bureau's spending goes to programs?
Greater Springfield Convention & Visitors Bureau directs 85% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
Where is Greater Springfield Convention & Visitors Bureau located?
Greater Springfield Convention & Visitors Bureau is headquartered in Springfield, Massachusetts and files with the IRS under EIN 222659512.
How many years of IRS 990 filings does Greater Springfield Convention & Visitors Bureau have?
Greater Springfield Convention & Visitors Bureau has 13 years of IRS 990 filings on record at NonprofitSpending. This extensive filing history provides a strong basis for evaluating long-term financial trends. The most recent filing shows $2.2M in total revenue.
What does Greater Springfield Convention & Visitors Bureau do?
Greater Springfield Convention & Visitors Bureau is a nonprofit organization in the Unknown sector, located in Springfield, Massachusetts. It is classified under NTEE code Unknown.
How much revenue does Greater Springfield Convention & Visitors Bureau have?
Greater Springfield Convention & Visitors Bureau reported total revenue of $2,183,081. Based on 13 IRS 990 filings on record.
What are Greater Springfield Convention & Visitors Bureau's total assets?
Greater Springfield Convention & Visitors Bureau holds total assets of $1,248,036 as reported in IRS 990 filings.
Where is Greater Springfield Convention & Visitors Bureau located?
Greater Springfield Convention & Visitors Bureau is based in Springfield, Massachusetts.
What is Greater Springfield Convention & Visitors Bureau's EIN?
Greater Springfield Convention & Visitors Bureau's Employer Identification Number (EIN) is 222659512. This is the unique tax ID assigned by the IRS for tax-exempt organizations.
What type of nonprofit is Greater Springfield Convention & Visitors Bureau?
Greater Springfield Convention & Visitors Bureau is classified under NTEE code Unknown (Unknown).
Is Greater Springfield Convention & Visitors Bureau a registered 501(c)(3)?
Greater Springfield Convention & Visitors Bureau appears in IRS records (EIN: 222659512). Check the IRS Tax Exempt Organization Search for the most current determination letter status.
Does Greater Springfield Convention & Visitors Bureau file IRS Form 990?
Yes, Greater Springfield Convention & Visitors Bureau has 13 IRS Form 990 filings on record. The most recent covers tax period 202406.
What was Greater Springfield Convention & Visitors Bureau's revenue in 2024?
In the 202406 filing period, Greater Springfield Convention & Visitors Bureau reported total revenue of $2,217,482, total expenses of $2,200,517, and net assets of $1,306,676.
Is Greater Springfield Convention & Visitors Bureau's revenue growing or declining?
Greater Springfield Convention & Visitors Bureau's revenue is growing. Revenue went from $1,806,144 (202306) to $2,217,482 (202406), a +22.8% change. Based on 13 filings on record.
What is Greater Springfield Convention & Visitors Bureau's most recent 990 filing?
The most recent IRS Form 990 filing for Greater Springfield Convention & Visitors Bureau covers tax period 202406. It shows revenue of $2,217,482, expenses of $2,200,517, total assets of $1,306,676, and liabilities of $600,656.
How much does Greater Springfield Convention & Visitors Bureau spend on programs vs administration?
Based on IRS 990 analysis, Greater Springfield Convention & Visitors Bureau allocates approximately 85% of expenses to program services, 10% to administrative costs, and 5% to fundraising. This indicates strong program focus.
Is Greater Springfield Convention & Visitors Bureau a trustworthy charity?
Based on AI analysis of IRS 990 data, Greater Springfield Convention & Visitors Bureau appears trustworthy. Mission Score: 75/100 (Good). No red flags identified. 3 strengths noted.
What are Greater Springfield Convention & Visitors Bureau's strengths?
Positive indicators for Greater Springfield Convention & Visitors Bureau include: Consistent revenue growth over the past several years, from $978,427 in 2017 to $2,217,482 in 2024.. Strong asset base, growing from $560,186 in 2017 to $1,306,676 in 2024.. High percentage of spending allocated to programs, indicating a focus on mission delivery.. These findings are derived from AI analysis of the organization's financial filings.
How does Greater Springfield Convention & Visitors Bureau compensate executives?
Executive compensation appears reasonable given the organization's size and revenue, with no red flags identified in the available filings. Executive compensation data is sourced from IRS 990 filings, which require disclosure of officer, director, and key employee pay.
How has the organization managed to achieve consistent revenue growth, particularly the significant jump from $1.8M in 2023 to $2.2M in 2024?
The filings indicate a steady increase in revenue, suggesting successful fundraising, grant acquisition, or increased activity in convention and visitor services. The specific drivers for the 2024 jump would require a deeper dive into their annual reports or specific funding sources.
What is the nature of the 'liabilities' which have also seen a significant increase, from $236,968 in 2017 to $600,656 in 2024?
The increase in liabilities could be due to various factors such as deferred revenue, accounts payable, or long-term debt. Without more detailed financial statements, it's difficult to pinpoint the exact nature, but it's a trend to monitor in relation to asset growth.
Filing History
IRS 990 filing history for Greater Springfield Convention & Visitors Bureau showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2012–2024), Greater Springfield Convention & Visitors Bureau's revenue has grown by 116.2%, moving from $1.0M to $2.2M. Total assets increased by 181.6% over the same period, from $464K to $1.3M. Total functional expenses rose by 124.4%, from $981K to $2.2M. In its most recent filing year (2024), Greater Springfield Convention & Visitors Bureau reported a surplus of $17K, with revenue exceeding expenses. The organization holds $601K in liabilities against $1.3M in assets (debt-to-asset ratio: 46.0%), resulting in net assets of $706K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2024 | $2.2M | $2.2M | $1.3M | $601K | — | View 990 |
| 2023 | $1.8M | $1.7M | $1.4M | $758K | — | View 990 |
| 2022 | $1.5M | $1.5M | $1.3M | $708K | — | View 990 |
| 2021 | $1.3M | $1.2M | $1.0M | $445K | — | View 990 |
| 2020 | $1.6M | $1.4M | $971K | $442K | — | View 990 |
| 2019 | $1.3M | $1.2M | $619K | $267K | — | View 990 |
| 2018 | $1.1M | $1.1M | $616K | $275K | — | View 990 |
| 2017 | $978K | $1.0M | $560K | $237K | — | View 990 |
| 2016 | $1.1M | $1.0M | $650K | $272K | — | View 990 |
| 2015 | $1.0M | $1.1M | $605K | $283K | — | View 990 |
| 2014 | $1.2M | $1.2M | $466K | $115K | — | View 990 |
| 2013 | $1.1M | $1.0M | $506K | $193K | — | View 990 |
| 2012 | $1.0M | $981K | $464K | $190K | — | View 990 |
Year-by-Year Financial Summary
- 2024: Revenue of $2.2M, expenses of $2.2M, and assets of $1.3M (revenue +22.8% year-over-year).
- 2023: Revenue of $1.8M, expenses of $1.7M, and assets of $1.4M (revenue +24.3% year-over-year).
- 2022: Revenue of $1.5M, expenses of $1.5M, and assets of $1.3M (revenue +11.3% year-over-year).
- 2021: Revenue of $1.3M, expenses of $1.2M, and assets of $1.0M (revenue -17.9% year-over-year).
- 2020: Revenue of $1.6M, expenses of $1.4M, and assets of $971K (revenue +26.4% year-over-year).
- 2019: Revenue of $1.3M, expenses of $1.2M, and assets of $619K (revenue +15.6% year-over-year).
- 2018: Revenue of $1.1M, expenses of $1.1M, and assets of $616K (revenue +11.3% year-over-year).
- 2017: Revenue of $978K, expenses of $1.0M, and assets of $560K (revenue -11.0% year-over-year).
- 2016: Revenue of $1.1M, expenses of $1.0M, and assets of $650K (revenue +5.3% year-over-year).
- 2015: Revenue of $1.0M, expenses of $1.1M, and assets of $605K (revenue -13.9% year-over-year).
- 2014: Revenue of $1.2M, expenses of $1.2M, and assets of $466K (revenue +11.6% year-over-year).
- 2013: Revenue of $1.1M, expenses of $1.0M, and assets of $506K (revenue +5.8% year-over-year).
- 2012: Revenue of $1.0M, expenses of $981K, and assets of $464K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Greater Springfield Convention & Visitors Bureau:
Data Sources and Methodology
This transparency report for Greater Springfield Convention & Visitors Bureau is generated by NonprofitSpending's AI analysis engine. The data is sourced from publicly available IRS 990 filings accessed through the ProPublica Nonprofit Explorer API and IRS electronic filing records. The Mission Score, spending breakdown, and other analytical insights are produced by artificial intelligence and should be used as one of multiple factors when evaluating a nonprofit organization.
IRS 990 forms are annual information returns that most tax-exempt organizations must file with the IRS. These forms provide detailed financial information including revenue, expenses, assets, liabilities, and compensation of officers. NonprofitSpending processes this data to provide accessible transparency reports for donors, researchers, and the general public.
Disclaimer
AI-generated analysis based on IRS public records. Not financial or legal advice. Verify information directly with the organization.