Attach to Form 990 or 990-EZ.
Go to www.irs.gov/Form990 for the latest information.
| Return Reference | Explanation |
|---|---|
| FORM 990 - ORGANIZATION'S MISSION | TRADE ASSOCIATION ORGANIZED (1)TO PROMOTE AND MARKET THE CITY OF ATLANTIC CITY (NEW JERSEY) AS A DESTINATION FOR CONVENTION, MEETINGS AND TRADESHOWS; (2) TO IMPROVE COMMON ECONOMIC INTERESTS OF BUSINESSES THROUGHOUT THE ATLANTIC CITY REGION; AND (3) TO ENHANCE EMPLOYMENT OPPORTUNITIES AND STIMULATE ECONOMIC GROWTH WITH THE ATLANTIC CITY REGION. |
| FORM 990, PAGE 2, PART III, LINE 4A | ACTIVITIES INCLUDE: PROMOTION OF THE ATLANTIC CITY CONVENTION CENTER AND HISTORIC BOARDWALK HALL IN ATLANTIC CITY, NEW JERSEY AS PREMIER DESTINATIONS FOR CONVENTIONS, MEETINGS, TRADE SHOWS AND GROUP LEISURE EVENTS; CONDUCT COORDINATED ADVERTISING, PUBLICITY AND PROMOTION CAMPAIGNS OFFERED IN ATLANTIC CITY FOR MEETINGS AND GROUPS; SELL AND COORDINATE BOOKING AND RESERVATION OF CONVENTION, MEETING AND TRADE SHOW SPACE, HOTEL ROOMS AND OTHER OFF-SITE VENUES; PARTICIPATE IN APPROPRIATE CONVENTION AND DESTINATION MARKETING ASSOCIATIONS' EVENTS AND TRADE SHOWS TO ASSURE FAVORABLE PUBLICITY ABOUT ATLANTIC CITY AND THE FACILITIES; SOLICIT CONVENTION, TRADESHOW AND MEETING ORGANIZATIONS TO USE THE FACILITIES FOR OTHER VENUES THROUGHOUT ATLANTIC CITY; PROVIDE TOURISM AND EVENT-PLANNING SERVICES TO ASSOCIATIONS, BUSINESSES, ORGANIZATIONS AND GROUPS CONVENING OR HOLDING CONVENTIONS, MEETINGS OR EVENTS; PREPARE, PUBLISH AND UPDATE MATERIALS PROVIDING SPECIFIC INFORMATION ON THE FACILITIES, HOTELS, RESTAURANTS, ENTERTAINMENT AND OTHER AMENITIES LOCATED IN ATLANTIC CITY, AND DISTRIBUTE SAID MATERIALS TO EVENT PLANNERS OR COORDINATORS; COORDINATE WITH ATLANTIC CITY HOTELS, RESTAURANTS AND ENTERTAINMENT VENUES THE CROSS-SELLING AND BOOKING OF SAID FACILITIES IN CONNECTION WITH THE BOOKING OF A CONVENTION, TRADESHOW OR OTHER MEETING EVENTS AT THE FACILITIES; AND CREATE AND MAINTAIN STRATEGIC RELATIONSHIPS FOR THE COORDINATION OF SERVICES WITH THE CASINO REINVESTMENT DEVELOPMENT AUTHORITY AND ITS BUSINESS PARTNERS, AS THEY RELATE TO THE CONVENTION AND MEETING BUSINESS IN ATLANTIC CITY. MEET AC HIGHLIGHTS AND ACCOMPLISHMENTS IN 2022: 1. NATIONAL SPORTS COLLECTORS CONVENTION 2022 - GENERATED 6,623 ROOM NIGHTS, 28,000 ATTENDEES AND ECONOMIC IMPACT OF 17,552,264 2. 2022 NJLM ANNUAL CONFERENCE, GENERATED 8,280 ROOM NIGHTS, 22,500 ATTENDEES AND ECONOMIC IMPACT OF 12,551,917 3. 2022 ANNUAL NJ SCHOOL BOARDS WORKSHOP, GENERATED 8,375 ROOM NIGHTS, 34,162 ATTENDEES AND ECONOMIC IMPACT OF 9,673,591 4.THE POOL & SPA SHOW 2022 GENERATED 8,246 ROOM NIGHTS, 8,000 ATTENDEES AND ECONOMIC IMPACT OF 9,555,830 5. U.S. FUTSAL NORTHEAST REGIONAL CHAMPIONSHIP 2022, GENERATED 6,041 ROOM NIGHTS, 3,000 ATTENDEES AND ECONOMIC IMPACT OF S8,167,398 6. ATLANTIC CITY SHOWCASE, GENERATED 3,935 ROOM NIGHTS, 7,000 ATTENDEES AND ENONOMIC IMPACT 7,051,042 7. ATLANTIC CITY PICKLEBALL OPEN 2022, GENERATED 5,413 ROOM NIGHTS, 6,500 ATTENDEES AND ECONOMIC IMPACT OF 6,606,037 8. BOARDWALK BLOCK PARTY - VOLLEYBALL, GENERATED 4,924 ROOM NIGHTS, 1,800 ATTENDEES AND ECONOMIC IMPACT OF 6,281,193 9. NAACP NATIONAL CONVENTION 2022, GENERATED 8,517 ROOM NIGHTS, 22,000 ATTENDEES AND ECONOMIC IMPACT OF 6,043,217 10. PROGRESSIVE ATLANTIC CITY BOAT SHOW, GENERATED 924 ROOM NIGHTS, 10,700 ATTENDEES AND ECONOMIC IMPACT OF 5,927,680 |
| FORM 990, PAGE 6, PART VI, LINE 7A | TRUSTEES ELECT AND NOMINATE CANDIDATES TO MEET CERTAIN REQUIREMENTS. THE BOARD SHALL CONSIST OF AT LEAST FIVE AND NO MORE THAN THIRTEEN MEMBERS AND AT ALL TIMES COMPRISED OF: (1) ONE TRUSTEE WHO SHALL BE THE EXECUTIVE DIRECTOR OF THE CASINO REINVESTMENT DEVELOPMENT AUTHORITY, (2)TWO TRUSTEES ACTIVELY EMPLOYED BY THE CASINO INDUSTRY; (3) ONE TRUSTEE ACTIVELY EMPLOYED BY A NON-CASINO HOTEL INDUSTRY IN ATLANTIC CITY AND (4) ONE TRUSTEE WHO SHALL BE A MEMBER OF THE ATLANTIC CITY TOURISM DISTRICT BUSINESS COMMUNITY (OTHER THAN A MEMBER OF THE CASINO OR NON-CASINO HOTEL INDUSTRY). |
| FORM 990, PAGE 6, PART VI, LINE 7B | ACTIONS REQUIRING 80% APPROVAL OF THE BOARD OF TRUSTEES WILL BE (1) MERGER, DISSOLUTION OR LIQUIDATION OF THE CORP, (2) ANY AMENDMENTS TO THE CORPORATION'S ARTICLES OF INCORPORATION OR BYLAWS, (3) THE SALE, PLEDGE, LEASE, OR OTHER TRANSFER OF THE ASSETS OF THE CORPORATION OTHER THAN TRANSACTIONS OCCURRING IN THE ORDINARY COURSE OF BUSINESS, (4) THE ADOPTION OF THE CORPORATION'S ANNUAL BUDGET, MARKETING PLAN AND ANNUAL GOALS, (5) ANY LOANS TO BE INCURRED ON BEHALF OF THE CORPORATION AS PART OF THE CASINO REINVESTMENT DEVELOPMENT AUTHORITY'S APPROVED BUDGET. |
| FORM 990, PAGE 6, PART VI, LINE 11B | REVIEWED BY THE BOARD OF TRUSTEES WITH INQUIRIES THE THE ORGANIZATION'S ACCOUNTANT AS NECESSARY |
| FORM 990, PAGE 6, PART VI, LINE 15A | ALL COMPENSATION DECISIONS ARE APPROVED BY THE BOARD AS WELL AS ANY INCENTIVE BONUSES |
| FORM 990, PAGE 6, PART VI, LINE 19 | UPON WRITTEN REQUEST |
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