TY 2014 Form 990

- TIN:

Form990

Department of the Treasury
Internal Revenue Service

Return of Organization Exempt From Income Tax

Under section 501(c), 527, or 4947(a)(1) of the Internal Revenue Code (except private
foundations)

Do not enter social security numbers on this form as it may be made public.

Information about Form 990 and its instructions is at www.IRS.gov/form990.

OMB No. 1545-0047

2014

Open to Public Inspection

A For the 2014 calendar year, or tax year beginning 07-01-2014 , and ending 06-30-2015

BCheck if applicable: Address change Name change Initial return Final return/terminated Amended return Application pending

CName of organization
PHILADELPHIA CONVENTION & VISITORS
BUREAU

Doing business as

Number and street (or P.O. box if mail is not delivered to street address)
1601 MARKET ST SUITE 200

Room/suite

City or town, state or province, country, and ZIP or foreign postal code
PHILADELPHIA, PA19102

D Employer identification number

23-0969325

E Telephone number

G Gross receipts $ 17,214,037

F Name and address of principal officer:

Tax-exempt status: 501(c)(3) 501(c) ( 6 ) LeftBullet

(insert no.) 4947(a)(1) or 527

Website:

WWW.DISCOVERPHL.COM

H(a)

Is this a group return for
subordinates? Yes No

H(b)

Are all subordinates
included?

Yes No

If "No," attach a list. (see instructions)

H(c)

Group exemption number MediumBullet

K Form of organization: Corporation Trust Association Other MediumBullet

L Year of formation: 1942

M State of legal domicile: PA

Part I

Summary

1	Briefly describe the organization’s mission or most significant activities: THE PHILADELPHIA CONVENTION & VISITORS BUREAU (PHLCVB) IS THE OFFICIAL TOURIST PROMOTION AGENCY FOR THE CITY OF PHILADELPHIA GLOBALLY, AND THE LONG-TERM SALES AND MARKETING AGENCY FOR THE PENNSYLVANIA CONVENTION CENTER SINCE 1941. WE MARKET PHILADELPHIA AS A WORLD-CLASS CONVENTION AND TOURISM DESTINATION TO A GLOBAL AUDIENCE. ANNUALLY, THE PHLCVB GENERATES MORE THAN 1 BILLION IN ECONOMIC IMPACT FOR THE CITY. THE PHLCVB IS PROUD TO BE AN ECONOMIC ENGINE, CUSTOMER ADVOCATE AND CHAMPION FOR PHILADELPHIA. A MEMBERSHIP ORGANIZATION WITH 800+ BUSINESSES, OUR KEY BUSINESS AREAS INCLUDE: CONVENTION SALES, MARKETING, SERVICES AND INCENTIVE EFFORTS TO ATTRACT AND REBOOK MAJOR CONVENTIONS AND TRADESHOWS INTERNATIONAL TOURISM SALES AND MARKETING - SHARING PHILADELPHIA'S BRAND AROUND THE GLOBE, AS INTERNATIONAL TOURISM TO THE U.S. IS FORECASTED TO GROW 23 PERCENT BY 2016. WE FOCUS ON KEY TARGET MARKETS IN EUROPE, SOUTH AMERICA, ASIA AND INDIA GROUP TRAVEL - BRINGING GROUPS OF ALL SIZES TO THE CITY
2	Check this box
3	Number of voting members of the governing body (Part VI, line 1a) ........	3	53
4	Number of independent voting members of the governing body (Part VI, line 1b) .....	4	52
5	Total number of individuals employed in calendar year 2014 (Part V, line 2a) ......	5	67
6	Total number of volunteers (estimate if necessary) .............	6	20
7a	Total unrelated business revenue from Part VIII, column (C), line 12 ........	7a	0
b	Net unrelated business taxable income from Form 990-T, line 34 .........	7b

		Prior Year	Current Year
8	Contributions and grants (Part VIII, line 1h) .........	14,136,762	15,554,526
9	Program service revenue (Part VIII, line 2g) .........	1,501,969	1,569,649
10	Investment income (Part VIII, column (A), lines 3, 4, and 7d ) ....	10,642	16,088
11	Other revenue (Part VIII, column (A), lines 5, 6d, 8c, 9c, 10c, and 11e)	2,956	73,774
12	Total revenue—add lines 8 through 11 (must equal Part VIII, column (A), line 12)...................	15,652,329	17,214,037
13	Grants and similar amounts paid (Part IX, column (A), lines 1–3 )...		0
14	Benefits paid to or for members (Part IX, column (A), line 4).....		0
15	Salaries, other compensation, employee benefits (Part IX, column (A), lines 5–10)	6,431,371	7,357,322
16a	Professional fundraising fees (Part IX, column (A), line 11e).....		0
b	Total fundraising expenses (Part IX, column (D), line 25) 0
17	Other expenses (Part IX, column (A), lines 11a–11d, 11f–24e)....	8,329,253	9,350,932
18	Total expenses. Add lines 13–17 (must equal Part IX, column (A), line 25)	14,760,624	16,708,254
19	Revenue less expenses. Subtract line 18 from line 12.......	891,705	505,783
		Beginning of Current Year	End of Year
20	Total assets (Part X, line 16).............	6,950,216	8,384,771
21	Total liabilities (Part X, line 26).............	4,194,035	5,122,807
22	Net assets or fund balances. Subtract line 21 from line 20.....	2,756,181	3,261,964

Part II

Signature Block

Under penalties of perjury, I declare that I have examined this return, including accompanying schedules and statements, and to the best of my knowledge and belief, it is true, correct, and complete. Declaration of preparer (other than officer) is based on all information of which preparer has any knowledge.

Sign Here

	Signature of officer	Date

	Type or print name and title

Paid Preparer Use Only

Print/Type preparer's name

Preparer's signature

Date

Check if
self-employed

PTIN

Firm's name MediumBullet

Firm's EIN MediumBullet

Firm's address MediumBullet

Phone no.

May the IRS discuss this return with the preparer shown above? (see instructions) ..........YesNo

For Paperwork Reduction Act Notice, see the separate instructions.

Cat. No. 11282Y Form 990 (2014)

Form 990 (2014)

Page 2

Part III

Statement of Program Service Accomplishments

Check if Schedule O contains a response or note to any line in this Part III ..............

Briefly describe the organization’s mission: THE PHILADELPHIA CONVENTION & VISITORS BUREAU (PHLCVB) IS THE OFFICIAL TOURIST PROMOTION AGENCY FOR THE CITY OF PHILADELPHIA GLOBALLY, AND THE LONG-TERM SALES AND MARKETING AGENCY FOR THE PENNSYLVANIA CONVENTION CENTER SINCE 1941. WE MARKET PHILADELPHIA AS A WORLD-CLASS CONVENTION AND TOURISM DESTINATION TO A GLOBAL AUDIENCE. ANNUALLY, THE PHLCVB GENERATES MORE THAN 1 BILLION IN ECONOMIC IMPACT FOR THE CITY. THE PHLCVB IS PROUD TO BE AN ECONOMIC ENGINE, CUSTOMER ADVOCATE AND CHAMPION FOR PHILADELPHIA. A MEMBERSHIP ORGANIZATION WITH 800+ BUSINESSES, OUR KEY BUSINESS AREAS INCLUDE: CONVENTION SALES, MARKETING, SERVICES AND INCENTIVE EFFORTS TO ATTRACT AND REBOOK MAJOR CONVENTIONS AND TRADESHOWS INTERNATIONAL TOURISM SALES AND MARKETING - SHARING PHILADELPHIA'S BRAND AROUND THE GLOBE, AS INTERNATIONAL TOURISM TO THE U.S. IS FORECASTED TO GROW 23 PERCENT BY 2016. WE FOCUS ON KEY TARGET MARKETS IN EUROPE, SOUTH AMERICA, ASIA AND INDIA GROUP TRAVEL - BRINGING GROUPS OF ALL SIZES TO THE CITY

Did the organization undertake any significant program services during the year which were not listed on
the prior Form 990 or 990-EZ? ...................... Yes No

If "Yes," describe these new services on Schedule O.

Did the organization cease conducting, or make significant changes in how it conducts, any program services? ............................ Yes No

If "Yes," describe these changes on Schedule O.

Describe the organization’s program service accomplishments for each of its three largest program services, as measured by expenses. Section 501(c)(3) and 501(c)(4) organizations are required to report the amount of grants and allocations to others, the total expenses, and revenue, if any, for each program service reported.


4a	(Code: ) (Expenses $ 7,478,488 including grants of $ ) (Revenue $ )
	KEY ACCOMPLISHMENTS IN THE CONVENTION DEPARTMENT IN FISCAL YEAR 2015 INCLUDE: 1.WE BOOKED OVER 800,000 DEFINITE ROOM NIGHTS (575 GROUPS) IN FY 2015 FOR FUTURE YEARS. THOSE ROOM NIGHTS EQUATE TO OVER 1 BILLION IN ECONOMIC IMPACT FOR FUTURE YEARS. 2.WE BOOKED 27 CITY WIDE CONVENTIONS IN FY 2015 FOR FUTURE YEARS. CITY WIDE CONVENTIONS ARE DEFINED AS GROUPS HAVING MORE THAN 2000 ROOMS ON THE PEAK NIGHT(S) OF A CONVENTION 3.JUNE 2015 WAS A RECORD BREAKING MONTH FOR CENTER CITY PHILADELPHIA HOTEL OCCUPANCY (89.7%) AND AVERAGE HOTEL ROOM RATE (213.19). CONVENTION AND GROUP BUSINESS CONTRIBUTED TO 43% OF TOTAL DEMAND FOR THE MONTH. 4.WE CONDUCTED OVER 65 SITE INSPECTIONS FOR POTENTIAL CUSTOMERS TO SEE THE CITY 5.WE ATTENDED OVER 30 INDUSTRY TRADESHOWS IN VARIOUS MARKETS ACROSS THE COUNTRY 6.HELD 20 CUSTOMER EVENTS IN VARIOUS MARKETS ACROSS THE COUNTRY 7.HIGHLIGHTS OF DEFINITE GROUPS BOOKED: A. SUCCESSFULLY BID AND WON THE DNC 2016 WHICH WILL ATTRACT BETWEEN 35,000 - 50,000 ATTENDEES TO THE REGION ACCORDING TO THE DEMOCRATIC NATIONAL CAMPAIGN COMMITTEE. B. PHILADELPHIA WILL HOST WORLD MEETING OF FAMILIES CONFERENCE WHICH WILL INCLUDE A PAPAL MASS THAT WILL ATTRACT OVER 1.2 MILLION PEOPLE AND SELL OUT OUR HOTELS C. MULTI YEAR DEFINITE BOOKING WITH AMERICAN HEART ASSOCIATION (AHA). AHA ATTRACTS 25,000 ATTENDEES USING OVER 51,000 HOTEL ROOMS

4b	(Code: ) (Expenses $ 2,316,104 including grants of $ ) (Revenue $ )
	KEY ACCOMPLISHMENTS IN THE TOURISM SALES DEPARTMENT FOR FY 2015 INCLUDE: 1.LAUNCHED THE NATIONAL GEOGRAPHIC GUIDES IN 8 LANGUAGES AND ORGANIZED CLIENT EVENT IN LONDON TO PROMOTE ENGLISH LANGUAGE EDITION 2.OPENED A REPRESENTATION OFFICE IN CHINA TO HAVE IN COUNTRY TRAVEL TRADE AND MEDIA FOCUS ON OUR SECOND LARGEST FEEDER MARKET 3.TWO NEW NON-STOP FLIGHTS FROM LONDON HEATHROW TO PHILADELPHIA INVOLVED WITH DELTA'S INAUGURAL FLIGHT AND VISITING JOURNALISTS TO GENERATE MORE PHILADELPHIA DEMAND FROM OUR TOP INTERNATIONAL FEEDER MARKET (UK) 4.GENERATED OVER 17 MILLION IN UNPAID MEDIA VALUE DURING FY 15 FROM HOSTING PRESS 5.BRAND USA MEGAFAM - PHILADELPHIA SELECTED AND EXECUTED WONDERFULLY AS FINALE DESTINATION FOR TOP 100 SELLING AGENTS FROM UK AND IRELAND. AGENTS TRAVELING TO PHILADELPHIA SOLD 22,000 ROUND TRIPS ON BRITISH AIRWAYS AND AMERICAN AIRLINES DURING THE 4 MONTH CONTEST PERIOD 6.OVER 35,000 DOMESTIC TOUR GROUP ROOM NIGHTS GENERATED IN CALENDAR YEAR 2014 (FINAL FY15 NUMBERS NOT AVAILABLE YET)

4c	(Code: ) (Expenses $ 3,847,724 including grants of $ ) (Revenue $ )
	KEY ACCOMPLISHMENTS IN THE MARKETING & COMMUNICATIONS DEPARTMENT FOR FY 2015 INCLUDE: 1.COMPLETED REDESIGN OF DISCOVERPHL.COM INCLUDING LAUNCHING PAGES FEATURING AN INTERACTIVE FLOOR PLAN FOR THE PENNSYLVANIA CONVENTION CENTER, NEWLY TRANSLATED PAGES FOR OVERSEAS VISITORS, STREAMLINED RFP AND BECOME A MEMBER FORMS AND AN INTERACTIVE CITY MAP DRAWING INFORMATION FROM ALL PARTS OF THE SITE. 2.WORKED TO INCREASE THE QUALITY OF THE AUDIENCE TARGETED THROUGH SEARCH- ENGINE MARKETING EFFORTS. A.PUBLIC RELATIONS EFFORTS GENERATED MORE THAN 500 NEWS STORIES WITHIN CONVENTION TRADE PUBLICATIONS AND LOCAL NEW AND BUSINESS MEDIA TO STRENGTHEN AWARENESS ABOUT THE POSITIVE CHANGES AT THE PA CONVENTION CENTER AND NEW CONVENTIONS BOOKED AS A RESULT. B.OUR PUBLIC RELATIONS TEAM HOSTED A MEDIA FAM FOR FOUR TOP-TIER CONVENTION TRADE PUBLICATIONS, RESULTING IN PRESS COVERAGE THAT GENERATED MORE THAN 125,000 MEDIA IMPRESSIONS 3.DESIGNED AND IMPLEMENTED A FULLY INTEGRATED MEDIA CAMPAIGN TO PROMOTE THE IMPROVED CUSTOMER EXPERIENCE AT THE PCC THROUGH PRINT AND DIGITAL ADVERTISING, SOCIAL MEDIA, SALES COLLATERAL AND VIDEOS, PUBLIC RELATIONS AND COMMUNITY ENGAGEMENT EFFORTS. 4.CONCEPTED AND PRODUCED A ONE-HOUR, LIVE TOWN HALL WEBINAR TARGETED TO MEETING PLANNERS AND DESIGNED TO COMMUNICATE THE RECENT CHANGES AT THE PCC. THE LIVE AND ONLINE AUDIENCE REACHED 360+ MEETING PLANNERS, WITH AN ADDITIONAL 260+ VIDEO VIEWS THROUGH THE WEBSITE. 5.OUR TEAM LAUNCHED THE EIGHT-LANGUAGE NATIONAL GEOGRAPHIC GUIDE PROJECT IN CONJUNCTION WITH THE TOURISM DEPARTMENT. A.THE DECEMBER/JANUARY ISSUE OF NATIONAL GEOGRAPHIC TRAVELER FEATURING THE "PHILADELPHIA ORIGINALS" STORY REACHED MORE THAN 657,000 NORTH AMERICAN READERS IN PRINT AND TABLET. WITH THE INTERNATIONAL AUDIENCE BEING THE MAJOR TARGET FOR THE PHLCVB, THE 4 LOCAL LANGUAGE EDITIONS REACHED 359,000 READERS. THE 20-PAGE GUIDEBOOKS WERE PRINTED IN SEVEN COUNTRIES, WITH 1,000 BEING DISTRIBUTED AT WORLD TRAVEL MART TRADESHOW.

	(Code: ) (Expenses $ 1,782,782 including grants of $ ) (Revenue $ )
	MULTICULTURAL-PHLDIVERSITY HIGHLIGHTS FOR FY 2015 >PHLDIVERSITY, A DIVISION OF THE PHILADELPHIA CONVENTION & VISITORS BUREAU, HOSTED MORE THAN 200 PEOPLE FOR THE 9TH ANNUAL BUSINESS OPPORTUNITY LUNCHEON WITH GUEST SPEAKERS FROM NAACP AND THE WYNDHAM HOTEL GROUP. >IN MARCH 2015, THE DISTINGUISHED SPEAKER SERIES WAS LAUNCHED AT JEFFERSON UNIVERSITY HOSPITAL AND FEATURED GUEST SPEAKERS IN AN INSIGHTFUL DISCUSSION ON DIVERSITY, WITH MORE THAN 125 IN ATTENDANCE. >APPROXIMATELY 250 STUDENTS FROM PHILADELPHIA HIGH SCHOOL ATTENDED THE PHLDIVERITY'S 2015 HOSPITALITY EDUCATION DAY AT COMMUNITY COLLEGE OF PHILADELPHIA. THE STUDENTS WERE EDUCATED ABOUT THE VARIOUS CAREER OPPORTUNITIES AVAILABLE IN THE HOSPITALITY INDUSTRY AND WERE ENCOURAGED TO PARTICIPATE IN COMPLETING RECRUITMENT INFORMATION CARDS TO COMMUNITY COLLEGE OF PHILADELPHIA. MORE THAN 150 STUDENTS ACCEPTED THIS TASK AND COMPLETED THESE CARDS. >JULY OF 2015 PHLDIVERSITY WELCOMED MORE THAN 8,000 BRANCH LEADERS, MEMBERS, AND PUBLIC REPRESENTATIVES OF THE NAACP CONVENTION TO PHILADELPHIA. THIS HISTORIC EVENT HAD BOTH PRESIDENT OBAMA AND FORMER PRESIDENT CLINTON AS GUEST SPEAKERS, AND BOTH DREW LARGE CROWDS DURING A PIVOTAL YEAR FOR THE NAACP'S MEANINGFUL WORK. THE PHL AFRICAN AMERICAN HISTORICAL & CULTURAL TOUR WAS CREATED BY CREATIVE PHILADELPHIA IN PARTNERSHIP WITH PHLDIVERSITY. PLANNING FOR THE NAACP DELEGATES AND THEIR FAMILIES INCLUDED REPRESENTATIVES FROM THE AFRICAN AMERICAN MUSEUM IN PHILADELPHIA, THE PAUL ROBESON HOUSE IN WEST PHILADELPHIA, THE BELMONT MANSION IN FAIRMOUNT PARK AND THE JOHNSON HOUSE IN GERMANTOWN. PHLLIFE (FORMERLY THE PHILADELPHIA LIFE SCIENCE CONGRESS) >AS OF JUNE 30, 2015 THE TOTAL NUMBER OF LIFE SCIENCES RELATED CONVENTIONS (HEALTHCARE/MEDICAL/PHARMA) ON THE BOOKS FOR 2015 AND BEYOND WAS 182. THIS REPRESENTS AN ESTIMATED ATTENDANCE OF 678,000 PEOPLE (18% OF PHLCVB'S TOTAL ATTENDANCE), GENERATING ALMOST 1.3 MILLION ROOM NIGHTS AND AN ESTIMATED ECONOMIC IMPACT OF MORE THAN 1.7BILLION OR 36% OF PHLCVB'S TOTAL. >PHILADELPHIA ONCE AGAIN WAS RANKED IN THE TOP 10 AS A LIFE SCIENCES MEETING DESTINATION BY HEALTHCARE CONVENTION EXHIBITORS ASSOCIATION (HCEA). THIS DESIGNATION WAS FUELED BY OUR REGIONAL ASSETS OF 432,000 JOBS AND 20.2 BILLION IN LIFE SCIENCES EARNINGS, ACCOUNTING FOR NEARLY 15% OF ECONOMIC ACTIVITY. >THE AMERICAN ASSOCIATION FOR CANCER RESEARCH (AACR) RETURNED TO PHILADELPHIA IN APRIL 2015. AACR ACCOUNTED FOR MORE THAN 40 MILLION IN ECONOMIC IMPACT TO THE AREA, AND HAD MORE THAN 19,000 ATTENDEES, THE ASSOCIATION'S BEST ATTENDANCE EVER. THE CONVENTION'S PRESS ALSO SET A RECORD. >PHLLIFE WORKED CLOSELY WITH BIOTECHNOLOGY INNOVATION ORGANIZATION, ALONG WITH A TRISTATE REGIONAL HOST COMMITTEE TO PLAN AND DELIVER THE 2015 BIO INTERNATIONAL CONVENTION. THIS CONVENTION ATTRACTED MEMBERS OF THE WORLD'S LARGEST TRADE ASSOCIATION, REPRESENTING BIOTECHNOLOGY COMPANIES, ACADEMIC INSTITUTIONS, AND STATE BIOTECHNOLOGY CENTERS FROM ACROSS THE US AND AROUND THE WORLD, WITH AN AVERAGE OF 44% INTERNATIONAL ATTENDEES. ATTENDANCE IN 2015 INCREASED FROM 2014 TO 15,858, AND THE RECORD BREAKING NUMBER OF PARTNER MEETINGS TOTALED MORE THAN 29,000. PHLSPORTS (FORMERLY THE PHILADELPHIA SPORTS CONGRESS) >COORDINATED BID EFFORTS FOR MAJOR EVENTS INCLUDING THE NFL DRAFT, COPA AMERICA, WRESTLEMANIA AND MANY OTHERS. >OVERSAW PLANNING EFFORTS FOR THE 2015 ARMY-NAVY GAME HELD IN DECEMBER 2015. >SUPPORTED EVENTS INCLUDING NCAA MEN'S AND WOMEN'S LACROSSE CHAMPIONSHIPS, CONCACAF SOCCER GOLD CUP, THE US OPEN SQUASH CHAMPIONSHIPS, ASICS NORTHEAST QUALIFIER (VOLLEYBALL) AND THE NCAA'S MEN'S BASKETBALL EAST REGIONAL TOURNAMENT. >SPEARHEADED EFFORTS TO BUILD A MULTISPORT COMPLEX IN PHILADELPHIA. >HOSTED THE JOHN WANAMAKER ATHLETIC LUNCHEON, HONORING THE TANEY DRAGONS, SPECIAL OLYMPICS, AND THE PHILADELPHIA BLACKHAWKS.

4d	Other program services (Describe in Schedule O.)
	(Expenses $ 1,782,782 including grants of $ ) (Revenue $ )
4e	Total program service expenses15,425,098

Form 990 (2014)

Page 3

Part IV

Checklist of Required Schedules

Yes

Is the organization described in section 501(c)(3) or 4947(a)(1) (other than a private foundation)? If "Yes," complete Schedule A........................

Is the organization required to complete Schedule B, Schedule of Contributors (see instructions)? Click to see attachment

...

Yes

Did the organization engage in direct or indirect political campaign activities on behalf of or in opposition to candidates for public office? If "Yes," complete Schedule C, Part I..........

Section 501(c)(3) organizations. Did the organization engage in lobbying activities, or have a section 501(h) election in effect during the tax year? If "Yes," complete Schedule C, Part II........

Is the organization a section 501(c)(4), 501(c)(5), or 501(c)(6) organization that receives membership dues, assessments, or similar amounts as defined in Revenue Procedure 98-19? If "Yes," complete Schedule C,
Part III............................

Did the organization maintain any donor advised funds or any similar funds or accounts for which donors have the right to provide advice on the distribution or investment of amounts in such funds or accounts? If "Yes," complete Schedule D, Part I Click to see attachment

........................

Did the organization receive or hold a conservation easement, including easements to preserve open space,
the environment, historic land areas, or historic structures? If "Yes," complete Schedule D, Part II Click to see attachment

...

Did the organization maintain collections of works of art, historical treasures, or other similar assets? If "Yes," complete Schedule D, Part III Click to see attachment

....................

Did the organization report an amount in Part X, line 21 for escrow or custodial account liability; serve as a custodian for amounts not listed in Part X; or provide credit counseling, debt management, credit repair, or debt negotiation services? If "Yes," complete Schedule D, Part IV Click to see attachment

..............

Did the organization, directly or through a related organization, hold assets in temporarily restricted endowments, permanent endowments, or quasi-endowments? If "Yes," complete Schedule D, Part V Click to see attachment

......

If the organization’s answer to any of the following questions is "Yes," then complete Schedule D, Parts VI, VII, VIII, IX, or X as applicable.

Did the organization report an amount for land, buildings, and equipment in Part X, line 10?
If "Yes," complete Schedule D, Part VI. Click to see attachment

...................

11a

Yes

Did the organization report an amount for investments—other securities in Part X, line 12 that is 5% or more of its total assets reported in Part X, line 16? If "Yes," complete Schedule D, Part VII Click to see attachment

.......

11b

Did the organization report an amount for investments—program related in Part X, line 13 that is 5% or more of its total assets reported in Part X, line 16? If "Yes," complete Schedule D, Part VIII Click to see attachment

.......

11c

Did the organization report an amount for other assets in Part X, line 15 that is 5% or more of its total assets reported in Part X, line 16? If "Yes," complete Schedule D, Part IX Click to see attachment

............

11d

Yes

Did the organization report an amount for other liabilities in Part X, line 25? If "Yes," complete Schedule D, Part X Click to see attachment

11e

Yes

Did the organization’s separate or consolidated financial statements for the tax year include a footnote that addresses the organization’s liability for uncertain tax positions under FIN 48 (ASC 740)? If "Yes," complete Schedule D, Part X Click to see attachment

.........................

11f

12a

Did the organization obtain separate, independent audited financial statements for the tax year?
If "Yes," complete Schedule D, Parts XI and XII Click to see attachment

.................

12a

Was the organization included in consolidated, independent audited financial statements for the tax year? If "Yes," and if the organization answered "No" to line 12a, then completing Schedule D, Parts XI and XII is optional Click to see attachment

12b

Yes

Is the organization a school described in section 170(b)(1)(A)(ii)? If "Yes," complete Schedule E....

14a

Did the organization maintain an office, employees, or agents outside of the United States?.....

14a

Did the organization have aggregate revenues or expenses of more than $10,000 from grantmaking, fundraising, business, investment, and program service activities outside the United States, or aggregate foreign investments valued at $100,000 or more? If "Yes," complete Schedule F, Parts I and IV.........

14b

Did the organization report on Part IX, column (A), line 3, more than $5,000 of grants or other assistance to or for any foreign organization? If “Yes,” complete Schedule F, Parts II and IV

Did the organization report on Part IX, column (A), line 3, more than $5,000 of aggregate grants or other assistance to or for foreign individuals? If “Yes,” complete Schedule F, Parts III and IV...

Did the organization report a total of more than $15,000 of expenses for professional fundraising services on Part IX, column (A), lines 6 and 11e? If "Yes," complete Schedule G, Part I (see instructions) ....

Did the organization report more than $15,000 total of fundraising event gross income and contributions on Part VIII, lines 1c and 8a? If "Yes," complete Schedule G, Part II............

Did the organization report more than $15,000 of gross income from gaming activities on Part VIII, line 9a? If "Yes," complete Schedule G, Part III...................

20a

Did the organization operate one or more hospital facilities? If "Yes," complete Schedule H....

20a

If "Yes" to line 20a, did the organization attach a copy of its audited financial statements to this return?

20b

Form 990 (2014)

Page 4

Part IV

Checklist of Required Schedules (continued)

Did the organization report more than $5,000 of grants or other assistance to any domestic organization or domestic government on Part IX, column (A), line 1? If “Yes,” complete Schedule I, Parts I and II..

Did the organization report more than $5,000 of grants or other assistance to or for domestic individuals on Part IX, column (A), line 2? If “Yes,” complete Schedule I, Parts I and III........

Did the organization answer "Yes" to Part VII, Section A, line 3, 4, or 5 about compensation of the organization’s current and former officers, directors, trustees, key employees, and highest compensated employees? If "Yes," complete Schedule J....................... Click to see attachment

Yes

24a

Did the organization have a tax-exempt bond issue with an outstanding principal amount of more than $100,000 as of the last day of the year, that was issued after December 31, 2002? If “Yes,” answer lines 24b through 24d and complete Schedule K. If “No,” go to line 25a................

24a

Did the organization invest any proceeds of tax-exempt bonds beyond a temporary period exception?...

24b

Did the organization maintain an escrow account other than a refunding escrow at any time during the year
to defease any tax-exempt bonds?......................

24c

Did the organization act as an "on behalf of" issuer for bonds outstanding at any time during the year?...

24d

25a

Section 501(c)(3), 501(c)(4), and 501(c)(29) organizations. Did the organization engage in an excess benefit transaction with a disqualified person during the year? If "Yes," complete Schedule L, Part I....

25a

Is the organization aware that it engaged in an excess benefit transaction with a disqualified person in a prior year, and that the transaction has not been reported on any of the organization’s prior Forms 990 or 990-EZ? If "Yes," complete Schedule L, Part I...................

25b

Did the organization report any amount on Part X, line 5, 6, or 22 for receivables from or payables to any current or former officers, directors, trustees, key employees, highest compensated employees, or disqualified persons? If "Yes," complete Schedule L, Part II................ Click to see attachment

Did the organization provide a grant or other assistance to an officer, director, trustee, key employee, substantial contributor or employee thereof, a grant selection committee member, or to a 35% controlled entity or family member of any of these persons? If "Yes," complete Schedule L, Part III......... Click to see attachment

Was the organization a party to a business transaction with one of the following parties (see Schedule L, Part IV instructions for applicable filing thresholds, conditions, and exceptions):

A current or former officer, director, trustee, or key employee? If "Yes," complete Schedule L, Part IV .......................... Click to see attachment

28a

Yes

A family member of a current or former officer, director, trustee, or key employee? If "Yes,"
complete Schedule L, Part IV..................... Click to see attachment

28b

An entity of which a current or former officer, director, trustee, or key employee (or a family member thereof) was an officer, director, trustee, or direct or indirect owner? If "Yes," complete Schedule L, Part IV... Click to see attachment

28c

Did the organization receive more than $25,000 in non-cash contributions? If "Yes," complete Schedule M..

Did the organization receive contributions of art, historical treasures, or other similar assets, or qualified conservation contributions? If "Yes," complete Schedule M.............

Did the organization liquidate, terminate, or dissolve and cease operations? If "Yes," complete Schedule N,
Part I...........................

Did the organization sell, exchange, dispose of, or transfer more than 25% of its net assets? If "Yes," complete Schedule N, Part II......................

Did the organization own 100% of an entity disregarded as separate from the organization under Regulations sections 301.7701-2 and 301.7701-3? If "Yes," complete Schedule R, Part I........ Click to see attachment

Was the organization related to any tax-exempt or taxable entity? If "Yes," complete Schedule R, Part II, III, or IV, and Part V, line 1........................ Click to see attachment

Yes

35a

Did the organization have a controlled entity within the meaning of section 512(b)(13)?

35a

If ‘Yes’ to line 35a, did the organization receive any payment from or engage in any transaction with a controlled entity within the meaning of section 512(b)(13)? If "Yes," complete Schedule R, Part V, line 2...

35b

Section 501(c)(3) organizations. Did the organization make any transfers to an exempt non-charitable related organization? If "Yes," complete Schedule R, Part V, line 2.............

Did the organization conduct more than 5% of its activities through an entity that is not a related organization and that is treated as a partnership for federal income tax purposes? If "Yes," complete Schedule R, Part VI Click to see attachment

Did the organization complete Schedule O and provide explanations in Schedule O for Part VI, lines 11b and 19? Note. All Form 990 filers are required to complete Schedule O. ............

Yes

Form 990 (2014)

Page 5

Part V

Statements Regarding Other IRS Filings and Tax Compliance

Check if Schedule O contains a response or note to any line in this Part V ..............

Yes

Enter the number reported in Box 3 of Form 1096 Enter -0- if not applicable ..

Enter the number of Forms W-2G included in line 1a. Enter -0- if not applicable .

Did the organization comply with backup withholding rules for reportable payments to vendors and reportable gaming (gambling) winnings to prize winners? ..................

Yes

Enter the number of employees reported on Form W-3, Transmittal of Wage and
Tax Statements, filed for the calendar year ending with or within the year covered by this return ..................

If at least one is reported on line 2a, did the organization file all required federal employment tax returns?
Note. If the sum of lines 1a and 2a is greater than 250, you may be required to e-file (see instructions)

Yes

Did the organization have unrelated business gross income of $1,000 or more during the year?...

If “Yes,” has it filed a Form 990-T for this year? If “No” to line 3b, provide an explanation in Schedule O...

At any time during the calendar year, did the organization have an interest in, or a signature or other authority over, a financial account in a foreign country (such as a bank account, securities account, or other financial account)?..........................

If "Yes," enter the name of the foreign country: MediumBullet

See instructions for filing requirements for FinCEN Form 114, Report of Foreign Bank and Financial Accounts (FBAR).

Was the organization a party to a prohibited tax shelter transaction at any time during the tax year?..

Did any taxable party notify the organization that it was or is a party to a prohibited tax shelter transaction?

If "Yes," to line 5a or 5b, did the organization file Form 8886-T? ............

Does the organization have annual gross receipts that are normally greater than $100,000, and did the organization solicit any contributions that were not tax deductible as charitable contributions?...

If "Yes," did the organization include with every solicitation an express statement that such contributions or gifts were not tax deductible?........................

Organizations that may receive deductible contributions under section 170(c).

Did the organization receive a payment in excess of $75 made partly as a contribution and partly for goods and services provided to the payor?....................

Yes

If "Yes," did the organization notify the donor of the value of the goods or services provided?.....

Yes

Did the organization sell, exchange, or otherwise dispose of tangible personal property for which it was required to file Form 8282?...........................

If "Yes," indicate the number of Forms 8282 filed during the year ....

Did the organization receive any funds, directly or indirectly, to pay premiums on a personal benefit contract?............................

Did the organization, during the year, pay premiums, directly or indirectly, on a personal benefit contract?..

If the organization received a contribution of qualified intellectual property, did the organization file Form 8899 as required?............................

If the organization received a contribution of cars, boats, airplanes, or other vehicles, did the organization file a Form 1098-C?..........................

Sponsoring organizations maintaining donor advised funds.
Did a donor advised fund maintained by the sponsoring organization have excess business holdings at any time during the year?.........................

Did the sponsoring organization make any taxable distributions under section 4966?...

Did the sponsoring organization make a distribution to a donor, donor advisor, or related person?...

Section 501(c)(7) organizations. Enter:

Initiation fees and capital contributions included on Part VIII, line 12 ...

10a

Gross receipts, included on Form 990, Part VIII, line 12, for public use of club facilities

10b

Section 501(c)(12) organizations. Enter:

Gross income from members or shareholders .........

11a

Gross income from other sources (Do not net amounts due or paid to other sources against amounts due or received from them.) ..........

11b

12a

Section 4947(a)(1) non-exempt charitable trusts. Is the organization filing Form 990 in lieu of Form 1041?

12a

If "Yes," enter the amount of tax-exempt interest received or accrued during the year. ....................

12b

Section 501(c)(29) qualified nonprofit health insurance issuers.

Is the organization licensed to issue qualified health plans in more than one state?
Note. See the instructions for additional information the organization must report on Schedule O.

13a

Enter the amount of reserves the organization is required to maintain by the states in which the organization is licensed to issue qualified health plans ....

13b

Enter the amount of reserves on hand ............

13c

14a

Did the organization receive any payments for indoor tanning services during the tax year?.....

14a

If "Yes," has it filed a Form 720 to report these payments? If "No," provide an explanation in Schedule O..

14b

Form 990 (2014)

Page 6

Part VI

Governance, Management, and Disclosure For each "Yes" response to lines 2 through 7b below, and for a "No" response to lines 8a, 8b, or 10b below, describe the circumstances, processes, or changes in Schedule O. See instructions.

Check if Schedule O contains a response or note to any line in this Part VI ..............

Section A. Governing Body and Management

Yes

Enter the number of voting members of the governing body at the end of the tax year .....................

If there are material differences in voting rights among members of the governing body, or if the governing body delegated broad authority to an executive committee or similar committee, explain in Schedule O.

Enter the number of voting members included in line 1a, above, who are independent ...................

Did any officer, director, trustee, or key employee have a family relationship or a business relationship with any other officer, director, trustee, or key employee? .................

Yes

Did the organization delegate control over management duties customarily performed by or under the direct supervision of officers, directors or trustees, or key employees to a management company or other person? .

Did the organization make any significant changes to its governing documents since the prior Form 990 was filed? ...........................

Did the organization become aware during the year of a significant diversion of the organization’s assets? .

Did the organization have members or stockholders? ................

Yes

Did the organization have members, stockholders, or other persons who had the power to elect or appoint one or more members of the governing body? ....................

Yes

Are any governance decisions of the organization reserved to (or subject to approval by) members, stockholders, or persons other than the governing body? ...................

Yes

Did the organization contemporaneously document the meetings held or written actions undertaken during the year by the following:

The governing body? .........................

Yes

Each committee with authority to act on behalf of the governing body? ............

Yes

Is there any officer, director, trustee, or key employee listed in Part VII, Section A, who cannot be reached at the organization’s mailing address? If "Yes," provide the names and addresses in Schedule O.......

Section B. Policies (This Section B requests information about policies not required by the Internal Revenue Code.)

Yes

10a

Did the organization have local chapters, branches, or affiliates? ............

10a

If "Yes," did the organization have written policies and procedures governing the activities of such chapters, affiliates, and branches to ensure their operations are consistent with the organization's exempt purposes?

10b

11a

Has the organization provided a complete copy of this Form 990 to all members of its governing body before filing the form? ............................

11a

Yes

Describe in Schedule O the process, if any, used by the organization to review this Form 990. .....

12a

Did the organization have a written conflict of interest policy? If "No," go to line 13.......

12a

Yes

Were officers, directors, or trustees, and key employees required to disclose annually interests that could give rise to conflicts? ..........................

12b

Yes

Did the organization regularly and consistently monitor and enforce compliance with the policy? If "Yes," describe in Schedule O how this was done.......................

12c

Yes

Did the organization have a written whistleblower policy? ...............

Yes

Did the organization have a written document retention and destruction policy? .........

Yes

Did the process for determining compensation of the following persons include a review and approval by independent persons, comparability data, and contemporaneous substantiation of the deliberation and decision?

The organization’s CEO, Executive Director, or top management official ...........

15a

Yes

Other officers or key employees of the organization ................

15b

Yes

If "Yes" to line 15a or 15b, describe the process in Schedule O (see instructions).

16a

Did the organization invest in, contribute assets to, or participate in a joint venture or similar arrangement with a taxable entity during the year? ......................

16a

If "Yes," did the organization follow a written policy or procedure requiring the organization to evaluate its participation in joint venture arrangements under applicable federal tax law, and take steps to safeguard the organization’s exempt status with respect to such arrangements? ............

16b

Section C. Disclosure

List the States with which a copy of this Form 990 is required to be filed MediumBullet

Section 6104 requires an organization to make its Form 1023 (or 1024 if applicable), 990, and 990-T (501(c)(3)s only) available for public inspection. Indicate how you made these available. Check all that apply.

Own website Another's website Upon request Other (explain in Schedule O)

Describe in Schedule O whether (and if so, how) the organization made its governing documents, conflict of interest policy, and financial statements available to the public during the tax year.

State the name, address, and telephone number of the person who possesses the organization's books and records:
MediumBullet

WANDA D PAUL
1601 MARKET ST SUITE 200
PHILADELPHIA,PA19102 (215) 636-3325

Form 990 (2014)

Page 7

Part VII

Compensation of Officers, Directors,Trustees, Key Employees, Highest Compensated Employees, and Independent Contractors

Check if Schedule O contains a response or note to any line in this Part VII ..............

Section A. Officers, Directors, Trustees, Key Employees, and Highest Compensated Employees

1a Complete this table for all persons required to be listed. Report compensation for the calendar year ending with or within the organization’s tax year.
RoundBullet

List all of the organization’s current officers, directors, trustees (whether individuals or organizations), regardless of amount
of compensation. Enter -0- in columns (D), (E), and (F) if no compensation was paid.

List all of the organization’s current key employees, if any. See instructions for definition of "key employee."

List the organization’s five current highest compensated employees (other than an officer, director, trustee or key employee)
who received reportable compensation (Box 5 of Form W-2 and/or Box 7 of Form 1099-MISC) of more than $100,000 from the
organization and any related organizations.

List all of the organization’s former officers, key employees, or highest compensated employees who received more than $100,000
of reportable compensation from the organization and any related organizations.

List all of the organization’s former directors or trustees that received, in the capacity as a former director or trustee of the
organization, more than $10,000 of reportable compensation from the organization and any related organizations.

List persons in the following order: individual trustees or directors; institutional trustees; officers; key employees; highest
compensated employees; and former such persons.

Check this box if neither the organization nor any related organization compensated any current officer, director, or trustee.

(A) Name and Title	(B) Average hours per week (list any hours for related organizations below dotted line)	(C) Position (do not check more than one box, unless person is both an officer and a director/trustee)				(D) Reportable compensation from the organization (W- 2/1099-MISC)	(E) Reportable compensation from related organizations (W- 2/1099-MISC)	(F) Estimated amount of other compensation from the organization and related organizations
(A) Name and Title
(1) SEE ATTACHED FOR THE BOD LIST........................................................................ BOD	1.00 .......................	X				0	0	0
(2) JULIE COKER........................................................................ SR VP CONV.	50.00 .......................		X			251,040	0	40,441
(3) JOHN FERGUSON........................................................................ PRESIDENT AN	50.00 .......................		X			298,861	0	51,386
(4) WANDA PAUL........................................................................ SR. VP- FIN	50.00 .......................		X			251,474	0	41,002
(5) LARRY NEEDLE........................................................................ EXEC DIR PSC	50.00 .......................			X		154,323	0	37,577
(6) MARIA GRASSO........................................................................ CONV. SALES	50.00 .......................				X	162,000	0	29,995
(7) PATRICIA KRAFT-HILPL........................................................................ EXEC DIR LT	50.00 .......................				X	154,346	0	30,330
(8) KEVIN RICHARDS........................................................................ CONV. SALES	50.00 .......................				X	171,679	0	20,763

Form 990 (2014)

Page 8

Part VII

Section A. Officers, Directors, Trustees, Key Employees, and Highest Compensated Employees (continued)

(A) Name and Title	(B) Average hours per week (list any hours for related organizations below dotted line)	(C) Position (do not check more than one box, unless person is both an officer and a director/trustee)						(D) Reportable compensation from the organization (W- 2/1099-MISC)	(E) Reportable compensation from related organizations (W- 2/1099-MISC)	(F) Estimated amount of other compensation from the organization and related organizations
(A) Name and Title

1b	Sub-Total................
c	Total from continuation sheets to Part VII, Section A....
d	Total (add lines 1b and 1c)............	1,443,723	251,494

Total number of individuals (including but not limited to those listed above) who received more than $100,000 of reportable compensation from the organization MediumBullet

Yes

Did the organization list any former officer, director or trustee, key employee, or highest compensated employee on line 1a? If "Yes," complete Schedule J for such individual ..............

For any individual listed on line 1a, is the sum of reportable compensation and other compensation from the organization and related organizations greater than $150,000? If "Yes," complete Schedule J for such individual...........................

Yes

Did any person listed on line 1a receive or accrue compensation from any unrelated organization or individual for services rendered to the organization? If "Yes," complete Schedule J for such person ........

Section B. Independent Contractors

Complete this table for your five highest compensated independent contractors that received more than $100,000 of compensation from the organization. Report compensation for the calendar year ending with or within the organization’s tax year.

(A) Name and business address	(B) Description of services	(C) Compensation
D'LAURO & RODGERS 175 COMMERCE DR 100 FORT WASHINGTON,PA19034	BUILDING CONSTR	979,848
HARMELIN MEDIA 525 RIGHTERS FERRY RD BALA CYNWYD,PA19004	ADVERTISING	539,723
TRANSCONTINENTAL INTERACTIVE 37 FRONT STREET EAST TORONTO, ONTARIO,ONTARIOM5E 1C9 CA	ADVERTISING	399,764
ACSA GROUP INSURANCE PO BOX 416799 BOSTON,MA02241	INSURANCE	381,499
1700 MARKET ST ASSOC PO BOX 823756 PHILADELPHIA,PA19182	RENT	241,649
2 Total number of independent contractors (including but not limited to those listed above) who received more than $100,000 of compensation from the organization 5

Form 990 (2014)

Page 9

Part VIII

Statement of Revenue

Check if Schedule O contains a response or note to any line in this Part VIII .............

				(A) Total revenue	(B) Related or exempt function revenue	(C) Unrelated business revenue	(D) Revenue excluded from tax under sections 512-514
1a	Federated campaigns..1a
b	Membership dues....1b
c	Fundraising events....1c
d	Related organizations...1d
e	Government grants (contributions)1e		15,415,341

f	All other contributions, gifts, grants, and similar amounts not included above1f		139,185

g	Noncash contributions included in lines 1a-1f:$
h	Total. Add lines 1a-1f.......			15,554,526
			Business Code
2a	MEMBERSHIP DUES			946,731	946,731
b	PUBLICATION REVENUE			617,554	617,554
c	HOUSING REVENUE			5,364	5,364
d
e
f	All other program service revenue .
g	Total. Add lines 2a–2f........			1,569,649
3	Investment income (including dividends, interest, and other similar amounts).......			16,088			16,088
4	Income from investment of tax-exempt bond proceeds..
5	Royalties...........
		(i) Real	(ii) Personal
6a	Gross rents
b	Less: rental expenses
c	Rental income or (loss)
d	Net rental income or (loss).......
		(i) Securities	(ii) Other
7a	Gross amount from sales of assets other than inventory
b	Less: cost or other basis and sales expenses
c	Gain or (loss)
d	Net gain or (loss)..........
8a	Gross income from fundraising events (not including $ of contributions reported on line 1c). See Part IV, line 18 ..
	a
b	Less: direct expenses ...b
c	Net income or (loss) from fundraising events..
9a	Gross income from gaming activities. See Part IV, line 19 ...
	a
b	Less: direct expenses ...b
c	Net income or (loss) from gaming activities...
10a	Gross sales of inventory, less returns and allowances .
	a
b	Less: cost of goods sold ..b
c	Net income or (loss) from sales of inventory..
Miscellaneous Revenue			Business Code
11a	DIVERSITY LUNCH TICKET SALES			43,774	43,774
b	OTHER INCOME			30,000	30,000
c
d	All other revenue ....
e	Total. Add lines 11a–11d ......			73,774
12	Total revenue. See Instructions......			17,214,037	1,643,423		16,088

Form 990 (2014)

Page 10

Part IX

Statement of Functional Expenses

Section 501(c)(3) and 501(c)(4) organizations must complete all columns. All other organizations must complete column (A).Check if Schedule O contains a response or note to any line in this Part IX ...............

Do not include amounts reported on lines 6b, 7b, 8b, 9b, and 10b of Part VIII.		(A) Total expenses	(B) Program service expenses	(C) Management and general expenses	(D) Fundraising expenses
1	Grants and other assistance to domestic organizations and domestic governments. See Part IV, line 21 ....
2	Grants and other assistance to domestic individuals. See Part IV, line 22 ....
3	Grants and other assistance to foreign organizations, foreign governments, and foreign individuals. See Part IV, lines 15 and 16 ............
4	Benefits paid to or for members ....
5	Compensation of current officers, directors, trustees, and key employees ....	934,204	779,911	154,293
6	Compensation not included above, to disqualified persons (as defined under section 4958(f)(1)) and persons described in section 4958(c)(3)(B) ....
7	Other salaries and wages ....	4,841,533	4,155,898	685,635
8	Pension plan accruals and contributions (include section 401(k) and 403(b) employer contributions) ....	440,095	378,546	61,549
9	Other employee benefits .......	713,802	623,632	90,170
10	Payroll taxes ...........	427,688	360,495	67,193
11	Fees for services (non-employees):
a	Management ......
b	Legal .........	84,787	81,396	3,391
c	Accounting ...........	29,911	28,715	1,196
d	Lobbying ...........
e	Professional fundraising services. See Part IV, line 17
f	Investment management fees ......
g	Other (If line 11g amount exceeds 10% of line 25, column (A) amount, list line 11g expenses on Schedule O) ....	194,205	174,780	19,425
12	Advertising and promotion ....	7,758,579	7,654,443	104,136
13	Office expenses .......	299,354	281,589	17,765
14	Information technology ......
15	Royalties ..
16	Occupancy ...........	383,473	368,134	15,339
17	Travel ............	150,258	118,818	31,440
18	Payments of travel or entertainment expenses for any federal, state, or local public officials ......
19	Conferences, conventions, and meetings ....
20	Interest ...........	850	850
21	Payments to affiliates .......
22	Depreciation, depletion, and amortization .....	73,902	70,917	2,985
23	Insurance ..............	53,761	51,611	2,150
24	Other expenses. Itemize expenses not covered above (List miscellaneous expenses in line 24e. If line 24e amount exceeds 10% of line 25, column (A) amount, list line 24e expenses on Schedule O.)
a	DUES & SUBSCRIPTION	104,272	100,534	3,738
b	TRAINING	50,327	49,888	439
c	EQUIPMENT RENTAL	33,664	32,317	1,347
d	REPAIRS & MAINTENANCE-BLD	31,400	30,162	1,238
e	All other expenses	102,189	82,462	19,727
25	Total functional expenses. Add lines 1 through 24e	16,708,254	15,425,098	1,283,156	0
26	Joint costs. Complete this line only if the organization reported in column (B) joint costs from a combined educational campaign and fundraising solicitation. Check here if following SOP 98-2 (ASC 958-720).

Form 990 (2014)

Page 11


				(A) Beginning of year		(B) End of year
1	Cash–non-interest-bearing .............			4,399,014	1	4,430,690
2	Savings and temporary cash investments .........				2
3	Pledges and grants receivable, net ...........			1,057,762	3	1,423,563
4	Accounts receivable, net .............			471,609	4	242,896
5	Loans and other receivables from current and former officers, directors, trustees, key employees, and highest compensated employees. Complete Part II of Schedule L ..................
					5
6	Loans and other receivables from other disqualified persons (as defined under section 4958(f)(1)), persons described in section 4958(c)(3)(B), and contributing employers and sponsoring organizations of section 501(c)(9) voluntary employees' beneficiary organizations (see instructions) Complete Part II of Schedule L
					6
7	Notes and loans receivable, net .............				7
8	Inventories for sale or use ..............				8
9	Prepaid expenses and deferred charges ..........			97,429	9	31,449
10a	Land, buildings, and equipment: cost or other basis. Complete Part VI of Schedule D	10a	1,017,046
b	Less: accumulated depreciation .....	10b	158,782	32,276	10c	858,264
11	Investments—publicly traded securities ..........				11
12	Investments—other securities. See Part IV, line 11 .....				12
13	Investments—program-related. See Part IV, line 11 .....				13
14	Intangible assets ...............				14
15	Other assets. See Part IV, line 11 ...........			892,126	15	1,397,909
16	Total assets. Add lines 1 through 15 (must equal line 34)......			6,950,216	16	8,384,771
17	Accounts payable and accrued expenses .........			2,127,608	17	2,636,595
18	Grants payable .................				18
19	Deferred revenue ................			2,033,353	19	2,316,363
20	Tax-exempt bond liabilities .............				20
21	Escrow or custodial account liability. Complete Part IV of Schedule D..				21
22	Loans and other payables to current and former officers, directors, trustees, key employees, highest compensated employees, and disqualified
	persons. Complete Part II of Schedule L..........				22
23	Secured mortgages and notes payable to unrelated third parties ..				23
24	Unsecured notes and loans payable to unrelated third parties ....				24
25	Other liabilities (including federal income tax, payables to related third parties, and other liabilities not included on lines 17-24). Complete Part X of Schedule D....................			33,074	25	169,849
26	Total liabilities. Add lines 17 through 25.........			4,194,035	26	5,122,807
	Organizations that follow SFAS 117 (ASC 958), check here and complete lines 27 through 29, and lines 33 and 34.
27	Unrestricted net assets ..............			1,864,055	27	1,864,055
28	Temporarily restricted net assets ...........			892,126	28	1,397,909
29	Permanently restricted net assets ...........				29
	Organizations that do not follow SFAS 117 (ASC 958), check here and complete lines 30 through 34.
30	Capital stock or trust principal, or current funds ........				30
31	Paid-in or capital surplus, or land, building or equipment fund .....				31
32	Retained earnings, endowment, accumulated income, or other funds				32
33	Total net assets or fund balances ...........			2,756,181	33	3,261,964
34	Total liabilities and net assets/fund balances ........			6,950,216	34	8,384,771

Form 990 (2014)

Page 12

Part XI

Reconcilliation of Net Assets

Check if Schedule O contains a response or note to any line in this Part XI ..............

Total revenue (must equal Part VIII, column (A), line 12) ............

17,214,037

Total expenses (must equal Part IX, column (A), line 25) ............

16,708,254

Revenue less expenses. Subtract line 2 from line 1 ..............

505,783

Net assets or fund balances at beginning of year (must equal Part X, line 33, column (A)) ..

2,756,181

Net unrealized gains (losses) on investments ...............

Donated services and use of facilities .................

Investment expenses .....................

Prior period adjustments .....................

Other changes in net assets or fund balances (explain in Schedule O) ........

Net assets or fund balances at end of year. Combine lines 3 through 9 (must equal Part X, line 33, column (B))

3,261,964

Part XII

Financial Statements and Reporting

Check if Schedule O contains a response or note to any line in this Part XII .............

Yes

Accounting method used to prepare the Form 990: Cash Accrual Other
If the organization changed its method of accounting from a prior year or checked "Other," explain in
Schedule O.

Were the organization’s financial statements compiled or reviewed by an independent accountant?

If ‘Yes,’ check a box below to indicate whether the financial statements for the year were compiled or reviewed on a separate basis, consolidated basis, or both:

Separate basis Consolidated basis Both consolidated and separate basis

Were the organization’s financial statements audited by an independent accountant?

Yes

If ‘Yes,’ check a box below to indicate whether the financial statements for the year were audited on a separate basis, consolidated basis, or both:

Separate basis Consolidated basis Both consolidated and separate basis

If "Yes," to line 2a or 2b, does the organization have a committee that assumes responsibility for oversight of the audit, review, or compilation of its financial statements and selection of an independent accountant?

Yes

If the organization changed either its oversight process or selection process during the tax year, explain in Schedule O.

As a result of a federal award, was the organization required to undergo an audit or audits as set forth in the Single Audit Act and OMB Circular A-133? .................

If "Yes," did the organization undergo the required audit or audits? If the organization did not undergo the required audit or audits, explain why in Schedule O and describe any steps taken to undergo such audits.

Form 990 (2014)

Page 13

Form 990, Special Condition Description:

Special Condition Description

Form 990 (2014)

Page 14

Additional Data

Software ID:
Software Version:

- TIN:

Schedule B
(Form 990, 990-EZ,
or 990-PF)

Department of the Treasury
Internal Revenue Service

Schedule of Contributors

Attach to Form 990, 990-EZ, or 990-PF.

Information about Schedule B (Form 990, 990-EZ, or 990-PF) and its instructions is at www.irs.gov/form990.

OMB No. 1545-0047

2014

Name of the organization

PHILADELPHIA CONVENTION & VISITORS
BUREAU

Employer identification number

23-0969325

Organization type (check one):

Filers of:

Section:

Form 990 or 990-EZ

501(c)( ) (enter number) organization

4947(a)(1) nonexempt charitable trust not treated as a private foundation

527 political organization

Form 990-PF

501(c)(3) exempt private foundation

4947(a)(1) nonexempt charitable trust treated as a private foundation

501(c)(3) taxable private foundation

Check if your organization is covered by the General Rule or a Special Rule.
Note. Only a section 501(c)(7), (8), or (10) organization can check boxes for both the General Rule and a Special Rule. See instructions.

General Rule

For an organization filing Form 990, 990-EZ, or 990-PF that received, during the year, contributions totaling $5,000 or more (in money or
property) from any one contributor. Complete Parts I and II. See instructions for determining a contributor's total contributions.

Special Rules

For an organization described in section 501(c)(3) filing Form 990 or 990-EZ that met the 33¹/3% support test of the regulations
under sections 509(a)(1) and 170(b)(1)(A)(vi), that checked Schedule A (Form 990 or 990-EZ), Part II, line 13, 16a, or 16b, and that received from any one contributor, during the year, total contributions of the greater of (1) $5,000 or (2) 2% of the amount on (i) Form 990, Part VIII, line 1h, or (ii) Form 990-EZ, line 1. Complete Parts I and II.

For an organization described in section 501(c)(7), (8), or (10) filing Form 990 or 990-EZ that received from any one contributor,
during the year, total contributions of more than $1,000 exclusively for religious, charitable, scientific, literary, or educational purposes, or for the prevention of cruelty to children or animals. Complete Parts I, II, and III.

For an organization described in section 501(c)(7), (8), or (10) filing Form 990 or 990-EZ that received from any one contributor,
during the year, contributions exclusively for religious, charitable, etc., purposes, but no such contributions totaled more than $1,000. If this box is checked, enter here the total contributions that were received during the year for an exclusively religious, charitable, etc., purpose. Do not complete any of the parts unless the General Rule applies to this organization because it received nonexclusively religious, charitable, etc., contributions totaling $5,000 or more during the year ......... Arrow Bullet

Caution. An organization that is not covered by the General Rule and/or the Special Rules does not file Schedule B (Form 990,
990-EZ, or 990-PF), but it must answer “No” on Part IV, line 2, of its Form 990; or check the box on line H of its
Form 990-EZ or on its Form 990PF, Part I, line 2, to certify that it does not meet the filing requirements of Schedule B (Form 990,
990-EZ, or 990-PF).

For Paperwork Reduction Act Notice, see the Instructions
for Form 990, 990-EZ, or 990-PF.

Cat. No. 30613XSchedule B (Form 990, 990-EZ, or 990-PF) (2014)

Schedule B (Form 990, 990-EZ, or 990-PF) (2014)

Page 2

Name of organization PHILADELPHIA CONVENTION & VISITORS BUREAU

Part I	Contributors (see instructions). Use duplicate copies of Part I if additional space is needed.
(a) No.	(b) Name, address, and ZIP + 4	(c) Total contributions	(d) Type of contribution
RESTRICTED	,	$RESTRICTED	Person Payroll Noncash (Complete Part II for noncash contributions.)
(a) No.	(b) Name, address, and ZIP + 4	(c) Total contributions	(d) Type of contribution
		$	Person Payroll Noncash (Complete Part II for noncash contributions.)
(a) No.	(b) Name, address, and ZIP + 4	(c) Total contributions	(d) Type of contribution
		$	Person Payroll Noncash (Complete Part II for noncash contributions.)
(a) No.	(b) Name, address, and ZIP + 4	(c) Total contributions	(d) Type of contribution
		$	Person Payroll Noncash (Complete Part II for noncash contributions.)
(a) No.	(b) Name, address, and ZIP + 4	(c) Total contributions	(d) Type of contribution
		$	Person Payroll Noncash (Complete Part II for noncash contributions.)
(a) No.	(b) Name, address, and ZIP + 4	(c) Total contributions	(d) Type of contribution
		$	Person Payroll Noncash (Complete Part II for noncash contributions.)
Schedule B (Form 990, 990-EZ, or 990-PF) (2014)

Schedule B (Form 990, 990-EZ, or 990-PF) (2014)

Page 3

Name of organization PHILADELPHIA CONVENTION & VISITORS BUREAU

Part II	Noncash Property (see instructions). Use duplicate copies of Part II if additional space is needed.
(a) No. from Part I	(b) Description of noncash property given	(c) FMV (or estimate) (see instructions)	(d) Date received
		$
(a) No. from Part I	(b) Description of noncash property given	(c) FMV (or estimate) (see instructions)	(d) Date received
		$
(a) No. from Part I	(b) Description of noncash property given	(c) FMV (or estimate) (see instructions)	(d) Date received
		$
(a) No. from Part I	(b) Description of noncash property given	(c) FMV (or estimate) (see instructions)	(d) Date received
		$
(a) No. from Part I	(b) Description of noncash property given	(c) FMV (or estimate) (see instructions)	(d) Date received
		$
(a) No. from Part I	(b) Description of noncash property given	(c) FMV (or estimate) (see instructions)	(d) Date received
		$
Schedule B (Form 990, 990-EZ, or 990-PF) (2014)

Schedule B (Form 990, 990-EZ, or 990-PF) (2014)

Page 4

Name of organization
PHILADELPHIA CONVENTION & VISITORS
BUREAU

Employer identification number

23-0969325

Part III

Exclusively religious, charitable, etc., contributions to organizations described in section 501(c)(7), (8), or (10)
that total more than $1,000 for the year from any one contributor. Complete columns (a) through (e) and the following line entry. For organizations completing Part III, enter the total of exclusively religious, charitable, etc., contributions of $1,000 or less for the year. (Enter this information once. See instructions.) Arrow Bullet

$
Use duplicate copies of Part III if additional space is needed.

(a) No.
from
Part I

(b) Purpose of gift

(d) Description of how gift is held

(e) Transfer of gift
Transferee's name, address, and ZIP 4	Relationship of transferor to transferee

(a) No.
from
Part I

(b) Purpose of gift

(d) Description of how gift is held

(e) Transfer of gift
Transferee's name, address, and ZIP 4	Relationship of transferor to transferee

(a) No.
from
Part I

(b) Purpose of gift

(d) Description of how gift is held

(e) Transfer of gift
Transferee's name, address, and ZIP 4	Relationship of transferor to transferee

(a) No.
from
Part I

(b) Purpose of gift

(d) Description of how gift is held

(e) Transfer of gift
Transferee's name, address, and ZIP 4	Relationship of transferor to transferee

Schedule B (Form 990, 990-EZ, or 990-PF) (2014)

Additional Data

Software ID:
Software Version:

- TIN:

SCHEDULE D
(Form 990)

Department of the Treasury
Internal Revenue Service

Supplemental Financial Statements

Complete if the organization answered "Yes," to Form 990,
Part IV, line 6, 7, 8, 9, 10, 11a, 11b, 11c, 11d, 11e, 11f, 12a, or 12b.
SchDMd Bullet

Attach to Form 990.
Information about Schedule D (Form 990) and its instructions is at www.irs.gov/form990.

OMB No. 1545-0047

2014

Open to Public Inspection

Name of the organization

PHILADELPHIA CONVENTION & VISITORS
BUREAU

Employer identification number

23-0969325

Part I

Organizations Maintaining Donor Advised Funds or Other Similar Funds or Accounts. Complete if the organization answered "Yes" to Form 990, Part IV, line 6.

		(a) Donor advised funds	(b) Funds and other accounts
1	Total number at end of year .........
2	Aggregate value of contributions to (during year)
3	Aggregate value of grants from (during year)
4	Aggregate value at end of year ........

Did the organization inform all donors and donor advisors in writing that the assets held in donor advised
funds are the organization's property, subject to the organization's exclusive legal control? ............

Yes No

Did the organization inform all grantees, donors, and donor advisors in writing that grant funds can be
used only for charitable purposes and not for the benefit of the donor or donor advisor, or for any other purpose conferring impermissible private benefit? ...................................

Yes No

Part II

Conservation Easements. Complete if the organization answered "Yes" to Form 990, Part IV, line 7.

Purpose(s) of conservation easements held by the organization (check all that apply).

Preservation of land for public use (e.g., recreation or education) Preservation of an historically important land area

Protection of natural habitat Preservation of a certified historic structure

Preservation of open space

Complete lines 2a through 2d if the organization held a qualified conservation contribution in the form of a conservation easement on the last day of the tax year.


a	Total number of conservation easements .......................	2a
b	Total acreage restricted by conservation easements ..................	2b
c	Number of conservation easements on a certified historic structure included in (a) .....	2c
d	Number of conservation easements included in (c) acquired after 8/17/06, and not on a historic structure listed in the National Register ....................	2d

Number of conservation easements modified, transferred, released, extinguished, or terminated by the organization during
the tax year SchDMd Bullet

Number of states where property subject to conservation easement is located SchDMd Bullet

Does the organization have a written policy regarding the periodic monitoring, inspection, handling of violations, and
enforcement of the conservation easements it holds? .............................

Yes No

Staff and volunteer hours devoted to monitoring, inspecting, and enforcing conservation easements during the year
SchDMd Bullet

Amount of expenses incurred in monitoring, inspecting, and enforcing conservation easements during the year
SchDMd Bullet

Does each conservation easement reported on line 2(d) above satisfy the requirements of section 170(h)(4)(B)(i) and section 170(h)(4)(B)(ii)? .......................................

Yes No

In Part XIII, describe how the organization reports conservation easements in its revenue and expense statement, and
balance sheet, and include, if applicable, the text of the footnote to the organization’s financial statements that describes
the organization’s accounting for conservation easements.

Part III

Organizations Maintaining Collections of Art, Historical Treasures, or Other Similar Assets.
Complete if the organization answered "Yes" to Form 990, Part IV, line 8.

If the organization elected, as permitted under SFAS 116 (ASC 958), not to report in its revenue statement and balance sheet works of art, historical treasures, or other similar assets held for public exhibition, education, or research in furtherance of public service, provide, in Part XIII, the text of the footnote to its financial statements that describes these items.

If the organization elected, as permitted under SFAS 116 (ASC 958), to report in its revenue statement and balance sheet works of art, historical treasures, or other similar assets held for public exhibition, education, or research in furtherance of public service, provide the following amounts relating to these items:

(i)

Revenue included in Form 990, Part VIII, line 1 ........................ SchDMd Bullet

(ii)

Assets included in Form 990, Part X .............................. SchDMd Bullet

If the organization received or held works of art, historical treasures, or other similar assets for financial gain, provide the
following amounts required to be reported under SFAS 116 (ASC 958) relating to these items:

Revenue included in Form 990, Part VIII, line 1 .......................... SchDMd Bullet

Assets included in Form 990, Part X ............................... SchDMd Bullet

For Paperwork Reduction Act Notice, see the Instructions for Form 990.

Cat. No. 52283D

Schedule D (Form 990) 2014

Page 2

Part III

Organizations Maintaining Collections of Art, Historical Treasures, or Other Similar Assets (continued)

Using the organization’s acquisition, accession, and other records, check any of the following that are a significant use of its collection items (check all that apply):

Public exhibition

Loan or exchange programs

Scholarly research

Other

Preservation for future generations

Provide a description of the organization’s collections and explain how they further the organization’s exempt purpose in
Part XIII.

During the year, did the organization solicit or receive donations of art, historical treasures or other similar
assets to be sold to raise funds rather than to be maintained as part of the organization’s collection?........

Yes No

Part IV

Escrow and Custodial Arrangements. Complete if the organization answered "Yes" to Form 990,
Part IV, line 9, or reported an amount on Form 990, Part X, line 21.

Is the organization an agent, trustee, custodian or other intermediary for contributions or other assets not
included on Form 990, Part X? ....................................

Yes No

If "Yes," explain the arrangement in Part XIII and complete the following table:


c	Beginning balance .................................	1c
d	Additions during the year ..............................	1d
e	Distributions during the year .............................	1e
f	Ending balance ...................................	1f

Did the organization include an amount on Form 990, Part X, line 21, for escrow or custodial account liability?

Yes No

If "Yes," explain the arrangement in Part XIII. Check here if the explanation has been provided in Part XIII .......

Part V

Endowment Funds. Complete if the organization answered "Yes" to Form 990, Part IV, line 10.

		(a)Current year	(b)Prior year	b (c)Two years back	(d)Three years back	(e)Four years back
1a	Beginning of year balance ....
b	Contributions ........
c	Net investment earnings, gains, and losses
d	Grants or scholarships .....
e	Other expenditures for facilities and programs ........
f	Administrative expenses ....
g	End of year balance ......

Provide the estimated percentage of the current year end balance (line 1g, column (a)) held as:

Board designated or quasi-endowment SchDMd Bullet

Permanent endowment SchDMd Bullet

Temporarily restricted endowment SchDMd Bullet

The percentages in lines 2a, 2b, and 2c should equal 100%.

Are there endowment funds not in the possession of the organization that are held and administered for the
organization by:

Yes

(i) unrelated organizations ........................

3a(i)

(ii) related organizations ........................

3a(ii)

If "Yes" to 3a(ii), are the related organizations listed as required on Schedule R? .........

Describe in Part XIII the intended uses of the organization's endowment funds.

Part VI

Land, Buildings, and Equipment. Complete if the organization answered 'Yes' to Form 990, Part IV, line 11a. See Form 990, Part X, line 10.

Description of property		(b)Cost or other basis (other)	(c) Accumulated depreciation	(d) Book value
1a	Land .................
b	Buildings ................
c	Leasehold improvements ............	547,743	18,258	529,485
d	Equipment ................
e	Other .................	469,303	140,524	328,779
Total. Add lines 1a through 1e. (Column (d) must equal Form 990, Part X, column (B), line 10(c).).......				858,264

Schedule D (Form 990) 2014

Page 3

Part VII

InvestmentsOther Securities. Complete if the organization answered 'Yes' to Form 990, Part IV, line 11b. See Form 990, Part X, line 12.

(a) Description of security or category (including name of security)		(b)Book value	(c) Method of valuation: Cost or end-of-year market value
(1)Financial derivatives
(2)Closely-held equity interests
Other








Total. (Column (b) must equal Form 990, Part X, col. (B) line 12.)

Part VIII

InvestmentsProgram Related. Complete if the organization answered 'Yes' to Form 990, Part IV, line 11c. See Form 990, Part X, line 13.

(a) Description of investment		(b) Book value	(c) Method of valuation: Cost or end-of-year market value









Total. (Column (b) must equal Form 990, Part X, col.(B) line 13.)

Part IX

Other Assets. Complete if the organization answered 'Yes' to Form 990, Part IV, line 11d. See Form 990, Part X, line 15.

(a) Description				(b) Book value
(1) RESTRICTED CASH & CASH EQUIVALENTS				1,397,909








Total. (Column (b) must equal Form 990, Part X, col.(B) line 15.)...........				1,397,909

Part X

Other Liabilities. Complete if the organization answered 'Yes' to Form 990, Part IV, line 11e or 11f. See Form 990, Part X, line 25.

1.(a) Description of liability		(b) Book value
Federal income taxes
DEFERRED RENT		169,849








Total. (Column (b) must equal Form 990, Part X, col.(B) line 25.)		169,849
2. Liability for uncertain tax positions. In Part XIII, provide the text of the footnote to the organization's financial statements that reports the organization's liability for uncertain tax positions under FIN 48 (ASC 740). Check here if the text of the footnote has been provided in Part XIII

Schedule D (Form 990) 2014

Page 4

Part XI Reconciliation of Revenue per Audited Financial Statements With Revenue per Return Complete if the organization answered 'Yes' to Form 990, Part IV, line 12a.
1	Total revenue, gains, and other support per audited financial statements .......		1
2	Amounts included on line 1 but not on Form 990, Part VIII, line 12:
a	Net unrealized gains (losses) on investments ....	2a
b	Donated services and use of facilities .........	2b
c	Recoveries of prior year grants ...........	2c
d	Other (Describe in Part XIII.) ............	2d
e	Add lines 2a through 2d .....................		2e
3	Subtract line 2e from line 1.....................		3
4	Amounts included on Form 990, Part VIII, line 12, but not on line 1:
a	Investment expenses not included on Form 990, Part VIII, line 7b .	4a
b	Other (Describe in Part XIII.) ...........	4b
c	Add lines 4a and 4b.......................		4c
5	Total revenue. Add lines 3 and 4c. (This must equal Form 990, Part I, line 12.) ......		5

Part XII Reconciliation of Expenses per Audited Financial Statements With Expenses per Return. Complete if the organization answered 'Yes' to Form 990, Part IV, line 12a.
1	Total expenses and losses per audited financial statements ...........		1
2	Amounts included on line 1 but not on Form 990, Part IX, line 25:
a	Donated services and use of facilities ..........	2a
b	Prior year adjustments ..............	2b
c	Other losses ................	2c
d	Other (Describe in Part XIII.) ............	2d
e	Add lines 2a through 2d......................		2e
3	Subtract line 2e from line 1.....................		3
4	Amounts included on Form 990, Part IX, line 25, but not on line 1:
a	Investment expenses not included on Form 990, Part VIII, line 7b ..	4a
b	Other (Describe in Part XIII.) ............	4b
c	Add lines 4a and 4b.......................		4c
5	Total expenses. Add lines 3 and 4c. (This must equal Form 990, Part I, line 18.) ......		5

Part XIII

Supplemental Information

Provide the descriptions required for Part II, lines 3, 5, and 9; Part III, lines 1a and 4; Part lV, lines 1b and 2b;
Part V, line 4; Part X, line 2; Part XI, lines 2d and 4b; and Part XII, lines 2d and 4b. Also complete this part to provide any additional information.

Return Reference	Explanation

Schedule D (Form 990) 2014

Additional Data

Software ID:
Software Version:

- TIN:

Schedule J
(Form 990)

Department of the Treasury
Internal Revenue Service

Compensation Information

For certain Officers, Directors, Trustees, Key Employees, and Highest
Compensated Employees
SchJMediumBullet

Complete if the organization answered "Yes" to Form 990, Part IV, line 23.
SchJMediumBullet

Attach to Form 990.
SchJMediumBullet

Information about Schedule J (Form 990) and its instructions is at www.irs.gov/form990.

OMB No. 1545-0047

2014

Open to Public Inspection

Name of the organization

PHILADELPHIA CONVENTION & VISITORS
BUREAU

Employer identification number

23-0969325

Part I

Questions Regarding Compensation

Yes

Check the appropiate box(es) if the organization provided any of the following to or for a person listed in Form
990, Part VII, Section A, line 1a. Complete Part III to provide any relevant information regarding these items.

First-class or charter travel Housing allowance or residence for personal use

Travel for companions Payments for business use of personal residence

Tax idemnification and gross-up payments Health or social club dues or initiation fees

Discretionary spending account Personal services (e.g., maid, chauffeur, chef)

If any of the boxes in line 1a are checked, did the organization follow a written policy regarding payment or reimbursement or provision of all of the expenses described above? If "No," complete Part III to explain....

Did the organization require substantiation prior to reimbursing or allowing expenses incurred by all
directors, trustees, officers, including the CEO/Executive Director, regarding the items checked in line 1a? ..

Indicate which, if any, of the following the filing organization used to establish the compensation of the
organization's CEO/Executive Director. Check all that apply. Do not check any boxes for methods
used by a related organization to establish compensation of the CEO/Executive Director, but explain in Part III.

Compensation committee Written employment contract

Independent compensation consultant Compensation survey or study

Form 990 of other organizations Approval by the board or compensation committee

During the year, did any person listed in Form 990, Part VII, Section A, line 1a with respect to the filing organization or a related organization:

Receive a severance payment or change-of-control payment? ................

Participate in, or receive payment from, a supplemental nonqualified retirement plan? .........

Participate in, or receive payment from, an equity-based compensation arrangement? .........

If "Yes" to any of lines 4a-c, list the persons and provide the applicable amounts for each item in Part III.

Only 501(c)(3), 501(c)(4), and 501(c)(29) organizations must complete lines 5-9.

For persons listed in Form 990, Part VII, Section A, line 1a, did the organization pay or accrue any
compensation contingent on the revenues of:

The organization? ...........................

Any related organization? .........................

If "Yes," to line 5a or 5b, describe in Part III.

For persons listed in Form 990, Part VII, Section A, line 1a, did the organization pay or accrue any
compensation contingent on the net earnings of:

The organization? ...........................

Any related organization? .........................

If "Yes," to line 6a or 6b, describe in Part III.

For persons listed in Form 990, Part VII, Section A, line 1a, did the organization provide any non-fixed
payments not described in lines 5 and 6? If "Yes," describe in Part III ............

Were any amounts reported in Form 990, Part VII, paid or accured pursuant to a contract that was
subject to the initial contract exception described in Regulations section 53.4958-4(a)(3)? If "Yes," describe
in Part III .............................

If "Yes" to line 8, did the organization also follow the rebuttable presumption procedure described in Regulations section 53.4958-6(c)? .........................

For Paperwork Reduction Act Notice, see the Instructions for Form 990.

Cat. No. 50053T

Schedule J (Form 990) 2014

Page 2

Part II

Officers, Directors, Trustees, Key Employees, and Highest Compensated Employees. Use duplicate copies if additional space is needed.

For each individual whose compensation must be reported in Schedule J, report compensation from the organization on row (i) and from related organizations, described in the
instructions, on row (ii). Do not list any individuals that are not listed on Form 990, Part VII.
Note. The sum of columns (B)(i)-(iii) for each listed individual must equal the total amount of Form 990, Part VII, Section A, line 1a, applicable column (D) and (E) amounts for that individual.

(A) Name and Title		(B) Breakdown of W-2 and/or 1099-MISC compensation			(C) Retirement and other deferred compensation	(D) Nontaxable benefits	(E) Total of columns (B)(i)-(D)	(F) Compensation in column(B) reported as deferred in prior Form 990
(A) Name and Title		(i) Base compensation	(ii) Bonus & incentive compensation	(iii) Other reportable compensation	(C) Retirement and other deferred compensation	(D) Nontaxable benefits	(E) Total of columns (B)(i)-(D)
1JULIE COKERSR VP CONV. SALES	(i) (ii)	244,769 ...............................	...............................	6,271 ...............................	26,355 ...............................	14,086 ...............................	291,481 ...............................	...............................
2JOHN FERGUSONPRESIDENT AND CEO	(i) (ii)	289,731 ...............................	...............................	9,130 ...............................	37,300 ...............................	14,086 ...............................	350,247 ...............................	...............................
3WANDA PAULSR. VP- FIN & ADMIN	(i) (ii)	249,674 ...............................	...............................	1,800 ...............................	26,916 ...............................	14,086 ...............................	292,476 ...............................	...............................
4LARRY NEEDLEEXEC DIR PSC	(i) (ii)	146,823 ...............................	7,500 ...............................	...............................	18,373 ...............................	19,204 ...............................	191,900 ...............................	...............................
5MARIA GRASSOCONV. SALES	(i) (ii)	126,138 ...............................	35,862 ...............................	...............................	15,749 ...............................	14,246 ...............................	191,995 ...............................	...............................
6PATRICIA KRAFT-HILPLEXEC DIR LT SALES	(i) (ii)	154,346 ...............................	...............................	...............................	16,244 ...............................	14,086 ...............................	184,676 ...............................	...............................
7KEVIN RICHARDSCONV. SALES	(i) (ii)	144,087 ...............................	23,824 ...............................	3,768 ...............................	17,163 ...............................	3,600 ...............................	192,442 ...............................	...............................

Schedule J (Form 990) 2014

Page 3

Part III

Supplemental Information

Provide the information, explanation, or descriptions required for Part I, lines 1a, 1b, 3, 4a, 4b, 4c, 5a, 5b, 6a, 6b, 7, and 8, and for Part II.
Also complete this part for any additional information.

Return Reference	Explanation

Schedule J (Form 990) 2014

Additional Data

Software ID:
Software Version:

- TIN:

Schedule L
(Form 990 or 990-EZ)

Department of the Treasury
Internal Revenue Service

Transactions with Interested Persons

Complete if the organization answered
"Yes" on Form 990, Part IV, lines 25a, 25b, 26, 27, 28a, 28b, or 28c,
or Form 990-EZ, Part V, line 38a or 40b.
MediumBullet

Attach to Form 990 or Form 990-EZ.
MediumBullet

Information about Schedule L (Form 990 or 990-EZ) and its instructions is at www.irs.gov/form990.

OMB No. 1545-0047

2014

Open to Public Inspection

Name of the organization

PHILADELPHIA CONVENTION & VISITORS
BUREAU

Employer identification number

23-0969325

Part I

Excess Benefit Transactions (section 501(c)(3), section 501(c)(4), and 501(c)(29) organizations only).
Complete if the organization answered "Yes" on Form 990, Part IV, line 25a or 25b, or Form 990-EZ, Part V, line 40b.

1(a) Name of disqualified person	(c) Description of transaction	(d) Corrected?
1(a) Name of disqualified person	(c) Description of transaction	Yes	No

Enter the amount of tax incurred by organization managers or disqualified persons during the year under section 4958. ........................... Bullet Image

Enter the amount of tax, if any, on line 2, above, reimbursed by the organization ....... Bullet Image

Part II

Loans to and/or From Interested Persons.
Complete if the organization answered "Yes" on Form 990-EZ, Part V, line 38a, or Form 990, Part IV, line 26; or if the organization reported an amount on Form 990, Part X, line 5, 6, or 22

(a) Name of interested person	(b) Relationship with organization	(c) Purpose of loan	(d) Loan to or from the organization?		(e)Original principal amount	(f)Balance due	(g) In default?		(h) Approved by board or committee?		(i)Written agreement?
(a) Name of interested person	(b) Relationship with organization	(c) Purpose of loan	To	From	(e)Original principal amount	(f)Balance due	Yes	No	Yes	No	Yes	No






Total ...... $

Part III

Grants or Assistance Benefiting Interested Persons.
Complete if the organization answered "Yes" on Form 990, Part IV, line 27.

(a) Name of interested person	(b) Relationship between interested person and the organization	(c) Amount of assistance	(d) Type of assistance	(e) Purpose of assistance

For Paperwork Reduction Act Notice, see the Instructions for Form 990 or 990-EZ.

Cat. No. 50056A

Schedule L (Form 990 or 990-EZ) 2014

Page 2

Part IV

Business Transactions Involving Interested Persons.
Complete if the organization answered "Yes" on Form 990, Part IV, line 28a, 28b, or 28c.

(a) Name of interested person	(b) Relationship between interested person and the organization	(c) Amount of transaction	(d) Description of transaction	(e) Sharing of organization's revenues?
(a) Name of interested person		(c) Amount of transaction	(d) Description of transaction	Yes	No
(1) SAUL EWING	BOARD MEMBER	84,028	LEGAL FEES		No

Part V

Supplemental Information
Provide additional information for responses to questions on Schedule L (see instructions).

Return Reference	Explanation

Schedule L (Form 990 or 990-EZ) 2014

Additional Data

Software ID:
Software Version:

- TIN:

SCHEDULE O
(Form 990 or 990-EZ)

Department of the Treasury
Internal Revenue Service

Supplemental Information to Form 990 or 990-EZ

Complete to provide information for responses to specific questions on
Form 990 or 990-EZ or to provide any additional information.
MediumBullet

Attach to Form 990 or 990-EZ.
MediumBullet

Information about Schedule O (Form 990 or 990-EZ) and its instructions is at
www.irs.gov/form990.

OMB No. 1545-0047

2014

Open to Public
Inspection

Name of the organization

PHILADELPHIA CONVENTION & VISITORS
BUREAU

Employer identification number

23-0969325

Return Reference	Explanation
FORM 990 - ORGANIZATION'S MISSION	THE PHILADELPHIA CONVENTION & VISITORS BUREAU (PHLCVB) IS THE OFFICIAL TOURIST PROMOTION AGENCY FOR THE CITY OF PHILADELPHIA GLOBALLY, AND THE LONG-TERM SALES AND MARKETING AGENCY FOR THE PENNSYLVANIA CONVENTION CENTER SINCE 1941. WE MARKET PHILADELPHIA AS A WORLD-CLASS CONVENTION AND TOURISM DESTINATION TO A GLOBAL AUDIENCE. ANNUALLY, THE PHLCVB GENERATES MORE THAN 1 BILLION IN ECONOMIC IMPACT FOR THE CITY. THE PHLCVB IS PROUD TO BE AN ECONOMIC ENGINE, CUSTOMER ADVOCATE AND CHAMPION FOR PHILADELPHIA. A MEMBERSHIP ORGANIZATION WITH 800+ BUSINESSES, OUR KEY BUSINESS AREAS INCLUDE: CONVENTION SALES, MARKETING, SERVICES AND INCENTIVE EFFORTS TO ATTRACT AND REBOOK MAJOR CONVENTIONS AND TRADESHOWS INTERNATIONAL TOURISM SALES AND MARKETING - SHARING PHILADELPHIA'S BRAND AROUND THE GLOBE, AS INTERNATIONAL TOURISM TO THE U.S. IS FORECASTED TO GROW 23 PERCENT BY 2016. WE FOCUS ON KEY TARGET MARKETS IN EUROPE, SOUTH AMERICA, ASIA AND INDIA GROUP TRAVEL - BRINGING GROUPS OF ALL SIZES TO THE CITY NICHE MARKETS INCLUDE LIFE SCIENCES, MULTICULTURAL AND SPORTS
FORM 990, PAGE 2, PART III, LINE 4A	3.JUNE 2015 WAS A RECORD BREAKING MONTH FOR CENTER CITY PHILADELPHIA HOTEL OCCUPANCY (89.7%) AND AVERAGE HOTEL ROOM RATE (213.19). CONVENTION AND GROUP BUSINESS CONTRIBUTED TO 43% OF TOTAL DEMAND FOR THE MONTH. 4.WE CONDUCTED OVER 65 SITE INSPECTIONS FOR POTENTIAL CUSTOMERS TO SEE THE CITY 5.WE ATTENDED OVER 30 INDUSTRY TRADESHOWS IN VARIOUS MARKETS ACROSS THE COUNTRY 6.HELD 20 CUSTOMER EVENTS IN VARIOUS MARKETS ACROSS THE COUNTRY 7.HIGHLIGHTS OF DEFINITE GROUPS BOOKED: A. SUCCESSFULLY BID AND WON THE DNC 2016 WHICH WILL ATTRACT BETWEEN 35,000 - 50,000 ATTENDEES TO THE REGION ACCORDING TO THE DEMOCRATIC NATIONAL CAMPAIGN COMMITTEE. B. PHILADELPHIA WILL HOST WORLD MEETING OF FAMILIES CONFERENCE WHICH WILL INCLUDE A PAPAL MASS THAT WILL ATTRACT OVER 1.2 MILLION PEOPLE AND SELL OUT OUR HOTELS C. MULTI YEAR DEFINITE BOOKING WITH AMERICAN HEART ASSOCIATION (AHA). AHA ATTRACTS 25,000 ATTENDEES USING OVER 51,000 HOTEL ROOMS
FORM 990, PAGE 2, PART III, LINE 4B	4.GENERATED OVER 17 MILLION IN UNPAID MEDIA VALUE DURING FY 15 FROM HOSTING PRESS 5.BRAND USA MEGAFAM - PHILADELPHIA SELECTED AND EXECUTED WONDERFULLY AS FINALE DESTINATION FOR TOP 100 SELLING AGENTS FROM UK AND IRELAND. AGENTS TRAVELING TO PHILADELPHIA SOLD 22,000 ROUND TRIPS ON BRITISH AIRWAYS AND AMERICAN AIRLINES DURING THE 4 MONTH CONTEST PERIOD 6.OVER 35,000 DOMESTIC TOUR GROUP ROOM NIGHTS GENERATED IN CALENDAR YEAR 2014 (FINAL FY15 NUMBERS NOT AVAILABLE YET)
FORM 990, PAGE 2, PART III, LINE 4C	A.PUBLIC RELATIONS EFFORTS GENERATED MORE THAN 500 NEWS STORIES WITHIN CONVENTION TRADE PUBLICATIONS AND LOCAL NEW AND BUSINESS MEDIA TO STRENGTHEN AWARENESS ABOUT THE POSITIVE CHANGES AT THE PA CONVENTION CENTER AND NEW CONVENTIONS BOOKED AS A RESULT. B.OUR PUBLIC RELATIONS TEAM HOSTED A MEDIA FAM FOR FOUR TOP-TIER CONVENTION TRADE PUBLICATIONS, RESULTING IN PRESS COVERAGE THAT GENERATED MORE THAN 125,000 MEDIA IMPRESSIONS 3.DESIGNED AND IMPLEMENTED A FULLY INTEGRATED MEDIA CAMPAIGN TO PROMOTE THE IMPROVED CUSTOMER EXPERIENCE AT THE PCC THROUGH PRINT AND DIGITAL ADVERTISING, SOCIAL MEDIA, SALES COLLATERAL AND VIDEOS, PUBLIC RELATIONS AND COMMUNITY ENGAGEMENT EFFORTS. 4.CONCEPTED AND PRODUCED A ONE-HOUR, LIVE TOWN HALL WEBINAR TARGETED TO MEETING PLANNERS AND DESIGNED TO COMMUNICATE THE RECENT CHANGES AT THE PCC. THE LIVE AND ONLINE AUDIENCE REACHED 360+ MEETING PLANNERS, WITH AN ADDITIONAL 260+ VIDEO VIEWS THROUGH THE WEBSITE. 5.OUR TEAM LAUNCHED THE EIGHT-LANGUAGE NATIONAL GEOGRAPHIC GUIDE PROJECT IN CONJUNCTION WITH THE TOURISM DEPARTMENT. A.THE DECEMBER/JANUARY ISSUE OF NATIONAL GEOGRAPHIC TRAVELER FEATURING THE "PHILADELPHIA ORIGINALS" STORY REACHED MORE THAN 657,000 NORTH AMERICAN READERS IN PRINT AND TABLET. WITH THE INTERNATIONAL AUDIENCE BEING THE MAJOR TARGET FOR THE PHLCVB, THE 4 LOCAL LANGUAGE EDITIONS REACHED 359,000 READERS. THE 20-PAGE GUIDEBOOKS WERE PRINTED IN SEVEN COUNTRIES, WITH 1,000 BEING DISTRIBUTED AT WORLD TRAVEL MART TRADESHOW.
FORM 990, PAGE 2, PART III, LINE 4D	MULTICULTURAL-PHLDIVERSITY HIGHLIGHTS FOR FY 2015 >PHLDIVERSITY, A DIVISION OF THE PHILADELPHIA CONVENTION & VISITORS BUREAU, HOSTED MORE THAN 200 PEOPLE FOR THE 9TH ANNUAL BUSINESS OPPORTUNITY LUNCHEON WITH GUEST SPEAKERS FROM NAACP AND THE WYNDHAM HOTEL GROUP. >IN MARCH 2015, THE DISTINGUISHED SPEAKER SERIES WAS LAUNCHED AT JEFFERSON UNIVERSITY HOSPITAL AND FEATURED GUEST SPEAKERS IN AN INSIGHTFUL DISCUSSION ON DIVERSITY, WITH MORE THAN 125 IN ATTENDANCE. >APPROXIMATELY 250 STUDENTS FROM PHILADELPHIA HIGH SCHOOL ATTENDED THE PHLDIVERITY'S 2015 HOSPITALITY EDUCATION DAY AT COMMUNITY COLLEGE OF PHILADELPHIA. THE STUDENTS WERE EDUCATED ABOUT THE VARIOUS CAREER OPPORTUNITIES AVAILABLE IN THE HOSPITALITY INDUSTRY AND WERE ENCOURAGED TO PARTICIPATE IN COMPLETING RECRUITMENT INFORMATION CARDS TO COMMUNITY COLLEGE OF PHILADELPHIA. MORE THAN 150 STUDENTS ACCEPTED THIS TASK AND COMPLETED THESE CARDS. >JULY OF 2015 PHLDIVERSITY WELCOMED MORE THAN 8,000 BRANCH LEADERS, MEMBERS, AND PUBLIC REPRESENTATIVES OF THE NAACP CONVENTION TO PHILADELPHIA. THIS HISTORIC EVENT HAD BOTH PRESIDENT OBAMA AND FORMER PRESIDENT CLINTON AS GUEST SPEAKERS, AND BOTH DREW LARGE CROWDS DURING A PIVOTAL YEAR FOR THE NAACP'S MEANINGFUL WORK. THE PHL AFRICAN AMERICAN HISTORICAL & CULTURAL TOUR WAS CREATED BY CREATIVE PHILADELPHIA IN PARTNERSHIP WITH PHLDIVERSITY. PLANNING FOR THE NAACP DELEGATES AND THEIR FAMILIES INCLUDED REPRESENTATIVES FROM THE AFRICAN AMERICAN MUSEUM IN PHILADELPHIA, THE PAUL ROBESON HOUSE IN WEST PHILADELPHIA, THE BELMONT MANSION IN FAIRMOUNT PARK AND THE JOHNSON HOUSE IN GERMANTOWN. PHLLIFE (FORMERLY THE PHILADELPHIA LIFE SCIENCE CONGRESS) >AS OF JUNE 30, 2015 THE TOTAL NUMBER OF LIFE SCIENCES RELATED CONVENTIONS (HEALTHCARE/MEDICAL/PHARMA) ON THE BOOKS FOR 2015 AND BEYOND WAS 182. THIS REPRESENTS AN ESTIMATED ATTENDANCE OF 678,000 PEOPLE (18% OF PHLCVB'S TOTAL ATTENDANCE), GENERATING ALMOST 1.3 MILLION ROOM NIGHTS AND AN ESTIMATED ECONOMIC IMPACT OF MORE THAN 1.7BILLION OR 36% OF PHLCVB'S TOTAL. >PHILADELPHIA ONCE AGAIN WAS RANKED IN THE TOP 10 AS A LIFE SCIENCES MEETING DESTINATION BY HEALTHCARE CONVENTION EXHIBITORS ASSOCIATION (HCEA). THIS DESIGNATION WAS FUELED BY OUR REGIONAL ASSETS OF 432,000 JOBS AND 20.2 BILLION IN LIFE SCIENCES EARNINGS, ACCOUNTING FOR NEARLY 15% OF ECONOMIC ACTIVITY. >THE AMERICAN ASSOCIATION FOR CANCER RESEARCH (AACR) RETURNED TO PHILADELPHIA IN APRIL 2015. AACR ACCOUNTED FOR MORE THAN 40 MILLION IN ECONOMIC IMPACT TO THE AREA, AND HAD MORE THAN 19,000 ATTENDEES, THE ASSOCIATION'S BEST ATTENDANCE EVER. THE CONVENTION'S PRESS ALSO SET A RECORD. >PHLLIFE WORKED CLOSELY WITH BIOTECHNOLOGY INNOVATION ORGANIZATION, ALONG WITH A TRISTATE REGIONAL HOST COMMITTEE TO PLAN AND DELIVER THE 2015 BIO INTERNATIONAL CONVENTION. THIS CONVENTION ATTRACTED MEMBERS OF THE WORLD'S LARGEST TRADE ASSOCIATION, REPRESENTING BIOTECHNOLOGY COMPANIES, ACADEMIC INSTITUTIONS, AND STATE BIOTECHNOLOGY CENTERS FROM ACROSS THE US AND AROUND THE WORLD, WITH AN AVERAGE OF 44% INTERNATIONAL ATTENDEES. ATTENDANCE IN 2015 INCREASED FROM 2014 TO 15,858, AND THE RECORD BREAKING NUMBER OF PARTNER MEETINGS TOTALED MORE THAN 29,000. PHLSPORTS (FORMERLY THE PHILADELPHIA SPORTS CONGRESS) >COORDINATED BID EFFORTS FOR MAJOR EVENTS INCLUDING THE NFL DRAFT, COPA AMERICA, WRESTLEMANIA AND MANY OTHERS. >OVERSAW PLANNING EFFORTS FOR THE 2015 ARMY-NAVY GAME HELD IN DECEMBER 2015. >SUPPORTED EVENTS INCLUDING NCAA MEN'S AND WOMEN'S LACROSSE CHAMPIONSHIPS, CONCACAF SOCCER GOLD CUP, THE US OPEN SQUASH CHAMPIONSHIPS, ASICS NORTHEAST QUALIFIER (VOLLEYBALL) AND THE NCAA'S MEN'S BASKETBALL EAST REGIONAL TOURNAMENT. >SPEARHEADED EFFORTS TO BUILD A MULTISPORT COMPLEX IN PHILADELPHIA. >HOSTED THE JOHN WANAMAKER ATHLETIC LUNCHEON, HONORING THE TANEY DRAGONS, SPECIAL OLYMPICS, AND THE PHILADELPHIA BLACKHAWKS.
FORM 990, PAGE 6, PART VI, LINE 2	SAUL EWING LLP LEGAL COUNSEL
FORM 990, PAGE 6, PART VI, LINE 6	THE ORGANIZATION HAS MEMBERS.
FORM 990, PAGE 6, PART VI, LINE 7A	THE ADMINISTRATIVE COMMITTEE, REPRESENTED BY THE LEADERSHIP OF THE GOVERNING BODY, HAS FULL AUTHORITY OF THE GOVERNING BODY IN ITS ABSENCE.
FORM 990, PAGE 6, PART VI, LINE 7B	IN ACCORDANCE WITH PART VI, LINE 7A, THE ADMINISTRATIVE COMMITTEE, REPRESENTED BY THE LEADERSHIP OF THE GOVERNING BODY, HAS FULL AUTHORITY OF THE GOVERNING BODY IN ITS ABSENCE.
FORM 990, PAGE 6, PART VI, LINE 11B	THE FINANCE COMMITTEE OF THE BOARD NOW REVIEWS THE FORM 990 PRIOR TO FILING. A COPY IS DISTRIBUTED TO EACH MEMBER OF THE COMMITTEE AND TO THE LEADERSHIP OF THE BOARD, THE CHAIRMAN. COPIES ARE AVAILABLE UPON REQUEST.
FORM 990, PAGE 6, PART VI, LINE 12C	ANNUAL DISCLOSURE STATEMENTS ARE OBTAINED FROM THE GOVERNING BODY AND STAFF. WHEN A CONFLICT ARISES, BOARD MEMBERS IDENTIFY CONFLICT AND EXCUSE THEMSELVES FROM ANY DISCUSSION OR VOTE. THE ORGANIZATION HAS A SIGNED POLICIES FROM 100% OF BOARD AND STAFF.
FORM 990, PAGE 6, PART VI, LINE 15A	PHLCVB PARTICIPATES IN ANNUAL COMPENSATION REVIEW FOR ALL POSITIONS IN THE COMPANY, INCLUDING THE HIGHLY COMPENSATED EMPLOYEES. AN INDUSTRY SURVEY IS TAKEN AND RESULTS ARE REVIEWED TO MAKE SURE WE ARE IN LINE WITH INDUSTRY STANDARDS.
FORM 990, PAGE 6, PART VI, LINE 15B	PHLCVB PARTICIPATES IN ANNUAL COMPENSATION REVIEW FOR ALL POSITIONS IN THE COMPANY, INCLUDING THE HIGHLY COMPENSATED EMPLOYEES. AN INDUSTRY SURVEY IS TAKEN AND RESULTS ARE REVIEWED TO MAKE SURE WE ARE IN LINE WITH INDUSTRY STANDARDS.
FORM 990, PAGE 6, PART VI, LINE 19	THE GOVERNING DOCUMENTS ARE MADE AVAILABLE TO THE PUBLIC UPON REQUEST.

For Paperwork Reduction Act Notice, see the Instructions for Form 990 or 990-EZ.

Cat. No. 51056K

Schedule O (Form 990 or 990-EZ) 2014

Additional Data

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- TIN:

SCHEDULE R
(Form 990)

Department of the Treasury
Internal Revenue Service

Related Organizations and Unrelated Partnerships

Complete if the organization answered "Yes" on Form 990, Part IV, line 33, 34, 35b, 36, or 37.
MediumBullet

Attach to Form 990.
MediumBullet

Information about Schedule R (Form 990) and its instructions is at www.irs.gov/form990.

OMB No. 1545-0047

2014

Open to Public Inspection

Name of the organization

PHILADELPHIA CONVENTION & VISITORS
BUREAU

Employer identification number

23-0969325

Part I

Identification of Disregarded Entities Complete if the organization answered "Yes" on Form 990, Part IV, line 33.

(a) Name, address, and EIN (if applicable) of disregarded entity	(b) Primary activity	(c) Legal domicile (state or foreign country)	(d) Total income	(e) End-of-year assets	(f) Direct controlling entity

Part II

Identification of Related Tax-Exempt Organizations Complete if the organization answered "Yes" on Form 990, Part IV, line 34 because it had one or more related tax-exempt organizations during the tax year.

(a) Name, address, and EIN of related organization	(b) Primary activity	(c) Legal domicile (state or foreign country)	(d) Exempt Code section	(e) Public charity status (if section 501(c)(3))	(f) Direct controlling entity	(g) Section 512(b)(13) controlled entity?
(a) Name, address, and EIN of related organization	(b) Primary activity	(c) Legal domicile (state or foreign country)	(d) Exempt Code section	(e) Public charity status (if section 501(c)(3))	(f) Direct controlling entity	Yes	No
(1) PCVB FOUNDATION 1601 MARKET STREET SUITE 200 PHILADELPHIA,PA19102 30-0070983	FUNDRAISE	PA	501C	11B	NA		No

For Paperwork Reduction Act Notice, see the Instructions for Form 990.

Cat. No. 50135Y

Schedule R (Form 990) 2014

Page 2

Part III

Identification of Related Organizations Taxable as a Partnership Complete if the organization answered "Yes" on Form 990, Part IV, line 34 because it had one or more related organizations treated as a partnership during the tax year.

(a) Name, address, and EIN of related organization	(b) Primary activity	(c) Legal domicile (state or foreign country)	(d) Direct controlling entity	(f) Share of total income	(g) Share of end-of-year assets	(h) Disproprtionate allocations?		(i) Code V-UBI amount in box 20 of Schedule K-1 (Form 1065)	(j) General or managing partner?
(a) Name, address, and EIN of related organization	(b) Primary activity	(c) Legal domicile (state or foreign country)	(d) Direct controlling entity	(f) Share of total income	(g) Share of end-of-year assets	Yes	No	(i) Code V-UBI amount in box 20 of Schedule K-1 (Form 1065)	Yes	No

Part IV

Identification of Related Organizations Taxable as a Corporation or Trust Complete if the organization answered "Yes" on Form 990, Part IV, line 34 because it had one or more related organizations treated as a corporation or trust during the tax year.

(a) Name, address, and EIN of related organization	(b) Primary activity	(c) Legal domicile (state or foreign country)	(d) Direct controlling entity	(e) Type of entity (C corp, S corp, or trust)	(f) Share of total income	(g) Share of end-of-year assets	(i) Section 512(b)(13) controlled entity?
(a) Name, address, and EIN of related organization	(b) Primary activity	(c) Legal domicile (state or foreign country)	(d) Direct controlling entity	(e) Type of entity (C corp, S corp, or trust)	(f) Share of total income	(g) Share of end-of-year assets	Yes	No

Schedule R (Form 990) 2014

Page 3

Part V

Transactions With Related Organizations Complete if the organization answered "Yes" on Form 990, Part IV, line 34, 35b, or 36.

Note. Complete line 1 if any entity is listed in Parts II, III, or IV of this schedule.

Yes

1 During the tax year, did the orgranization engage in any of the following transactions with one or more related organizations listed in Parts II-IV?

a Receipt of (i) interest, (ii) annuities, (iii) royalties, or (iv) rent from a controlled entity . . . . . . . . . . . . . . . . . . . . . . .

b Gift, grant, or capital contribution to related organization(s) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

c Gift, grant, or capital contribution from related organization(s) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

d Loans or loan guarantees to or for related organization(s) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

e Loans or loan guarantees by related organization(s) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

f Dividends from related organization(s) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

g Sale of assets to related organization(s) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

h Purchase of assets from related organization(s) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

i Exchange of assets with related organization(s) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

j Lease of facilities, equipment, or other assets to related organization(s) . . . . . . . . . . . . . . . . . . . . . . . . . . . .

k Lease of facilities, equipment, or other assets from related organization(s) . . . . . . . . . . . . . . . . . . . . . . . . . . .

l Performance of services or membership or fundraising solicitations for related organization(s) . . . . . . . . . . . . . . . . . . . .

m Performance of services or membership or fundraising solicitations by related organization(s) . . . . . . . . . . . . . . . . . . . .

Yes

n Sharing of facilities, equipment, mailing lists, or other assets with related organization(s) . . . . . . . . . . . . . . . . . . . . .

o Sharing of paid employees with related organization(s) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

p Reimbursement paid to related organization(s) for expenses . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

q Reimbursement paid by related organization(s) for expenses . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

r Other transfer of cash or property to related organization(s) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

s Other transfer of cash or property from related organization(s) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

If the answer to any of the above is "Yes," see the instructions for information on who must complete this line, including covered relationships and transaction thresholds.

(a) Name of related organization	(b) Transaction type (a-s)	(c) Amount involved	(d) Method of determining amount involved
(1) PCVB FOUNDATION	M	41,879	EXPENDITURES

Schedule R (Form 990) 2014

Page 4

Part VI

Unrelated Organizations Taxable as a Partnership Complete if the organization answered "Yes" on Form 990, Part IV, line 37.

Provide the following information for each entity taxed as a partnership through which the organization conducted more than five percent of its activities (measured by total assets or gross revenue) that was not a related organization. See instructions regarding exclusion for certain investment partnerships.

(a) Name, address, and EIN of entity	(b) Primary activity	(c) Legal domicile (state or foreign country)	(e) Are all partners section 501(c)(3) organizations?		(f) Share of total income	(g) Share of end-of-year assets	(h) Disproprtionate allocations?		(i) Code V-UBI amount in box 20 of Schedule K-1 (Form 1065)	(j) General or managing partner?
(a) Name, address, and EIN of entity	(b) Primary activity	(c) Legal domicile (state or foreign country)	Yes	No	(f) Share of total income	(g) Share of end-of-year assets	Yes	No	(i) Code V-UBI amount in box 20 of Schedule K-1 (Form 1065)	Yes	No

Schedule R (Form 990) 2014

Page 5

Part VII

Supplemental Information

Provide additional information for responses to questions on Schedule R (see instructions).

Return Reference	Explanation

Schedule R (Form 990) 2014

Additional Data

Software ID:
Software Version: