| 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 | VISIT ATLANTIC CITY IS THE DESTINATION MARKETING ORGANIZATION RESPONSIBLE FOR BUSINESS DEVELOPMENT IN THE MEETING, TRADESHOW, CONVENTION, AND EVENT SEGMENTS AS WELL AS DOMESTIC AND INTERNATIONAL GROUP LEISURE TRAVEL FOR THE ATLANTIC CITY CONVENTION CENTER, AND THE ATLANTIC CITY HOTEL AND CASINO PROPERTIES. THIS BUSINESS SEGMENT GENERATED 280 MILLION IN ECONOMIC IMPACT THROUGH THE UTILIZATION OF OVER 220,000 ROOM NIGHTS ALONG WITH 481,000 VISITORS THAT ATTENDED THESE EVENTS IN 2024. VISIT ATLANTIC CITY RETAINS A 55% MARKET SHARE IN THIS SEGMENT WHILE BEING THE PRIMARY DRIVER OF THE MARKETING PROGRAMS, BRANDING, MESSAGING AND CONTENT. THESE PROGRAMS INCLUDE BUT ARE NOT LIMITED TO ALL PRINT AND DIGITAL ADVERTISING, SOCIAL MEDIA POSITION AND GROWTH AS WELL AS PUBLIC RELATION EFFORTS THAT SUPPORT ALL TOURISM IN AND AROUND THE ATLANTIC CITY MARKET. ADDITIONALLY, OUR COMPREHENSIVE MARKETING CALENDAR IS AVAILABLE TO ALL BUSINESSES IN ATLANTIC CITY TO PARTICIPATE IN AND INCLUDE, INDUSTRY TRADESHOWS, FAMILIARIZATION TRIPS, DESTINATION EDUCATION CONTENT AND ALL BUSINESS DEVELOPMENT PROGRAMS. BELOW ARE THE TOP HIGHEST GROSSING EVENTS GENERATED BY VISIT ATLANTIC CITY AND HELD AT THE ATLANTIC CITY CONVENTION CENTER IN 2024. EVENT ROOM NIGHTS ATTENDEES ECONOMIC IMPACT DISCOVER BOATING 925 35,080 8,176,720 ALPHA KAPPA 4,080 5,685 4,282,186 POOL AND SPA 7,885 11,268 11,600,223 NJ CANNABIS 17 3,500 945,827 ELEVATOR CONVEN. 3,913 3,470 5,286,999 TRIPLE PLAY 2,168 5,074 4,679,078 NJ SCHOOLD BOAR 10,445 6,299 9,841,669 TRI-STATE CAMP 1,933 3,893 2,622,865 LAWN AND GARDEN 1,053 1,400 1,570,386 ACP OFFSHORE 2,475 2,540 1,758,548 IMPRESSIONS EXPO 1,201 4,900 3,009,300 NJEA MTG 4,509 9,673 7,471,209 NJLM ANNUAL CONF 8,280 16,587 12,894,933 POLICE SECU.EXPO 1,821 6,742 3,788,296 |
| 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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