2026-05-15T15:36:30-05:00 2025-06-30 410746749 CLIFTONLARSONALLEN LLP 6501 AMERICAS PARKWAY NE SUITE 500 ALBUQUERQUE NM 87110 990 2024-07-01 850285280 ALBUQUERQUE CONVENTION & VISITORS BUREAU ALBU 5058429918 20 FIRST PLAZA NW 601 ALBUQUERQUE NM 87102 TANIA ARMENTA PRESIDENT & CEO 5058429918 2026-05-15 1 1 JESSICA LOCKER CPA P01367046 5058428290 2026-05-15 2024 2025-03-06 01:10:19Z VISIT ALBUQUERQUE TANIA ARMENTA 20 FIRST PLAZA NW 601 ALBUQUERQUE NM 87102 17330560 0 X WWW.VISITALBUQUERQUE.ORG X 1980 NM AS THE OFFICIAL DESTINATION MARKETING ORGANIZATION FOR THE CITY, VISIT ALBUQUERQUE IS RESPONSIBLE FOR PROMOTING ALBUQUERQUE AS A COMPETITIVE AND WORLD-CLASS LEISURE, MEETING, CONVENTION AND SPORTS DESTINATION, AND ENHANCING ITS PUBLIC IMAGE AS A DYNAMIC PLACE TO LIVE AND WORK. THROUGH THE IMPACT OF TRAVEL, VISIT ALBUQUERQUE STRENGTHENS THE CITY'S ECONOMIC POSITION AND PROVIDES OPPORTUNITY FOR PEOPLE IN THE COMMUNITY. 12 12 47 35 128800 0 9779938 9608066 7459972 7553214 163380 169280 0 0 17403290 17330560 539108 518349 0 0 3241620 3609122 0 0 0 14879283 13851305 18660011 17978776 -1256721 -648216 6515956 7036558 2400633 3569451 4115323 3467107 X AS THE OFFICIAL DESTINATION MARKETING ORGANIZATION FOR THE CITY, VISIT ALBUQUERQUE IS RESPONSIBLE FOR PROMOTING ALBUQUERQUE AS A COMPETITIVE AND WORLD-CLASS LEISURE, MEETING, CONVENTION AND SPORTS DESTINATION, AND ENHANCING ITS PUBLIC IMAGE AS A DYNAMIC PLACE TO LIVE AND WORK. THROUGH THE IMPACT OF TRAVEL, VISIT ALBUQUERQUE STRENGTHENS THE CITY'S ECONOMIC POSITION AND PROVIDES OPPORTUNITY FOR PEOPLE IN THE COMMUNITY. 0 0 CONVENTION SALES, SERVICES AND SPORTS:PRIMARY DIRECTIVE IS TO SELL AND MARKET ALBUQUERQUE AS A DESTINATION BY BRINGING CONVENTIONS, MEETINGS AND SPORTS EVENTS TO ALBUQUERQUE. INCLUDES SERVICING OF THOSE CONVENTIONS AND SPORTS EVENTS. TOURISM, COMMUNICATIONS AND VISITOR SERVICES:PRIMARY DIRECTIVE IS TO INCREASE TOURISM AND VISITATION TO ALBUQUERQUE. CONDUCTS ADVERTISING, MARKETING, PUBLIC RELATIONS, MEDIA RELATIONS, AND SOCIAL MEDIA CAMPAIGNS TO PROMOTE ALBUQUERQUE AS A DESTINATION. INCLUDES SUPPORTING VISITOR QUESTIONS/INQUIRIES, OPERATING VISITOR INFORMATION CENTERS AND FULFILLMENT OF VISITOR GUIDES. MEMBERSHIP AND DEVELOPMENT DIVISION:SELLS MEMBERSHIPS (PARTNERSHIPS) AND PROVIDES BENEFITS TO PARTNERS (ALBUQUERQUE BUSINESSES) TOWARD GROWTH/MARKETING OF ALBUQUERQUE AND THE SERVICES/GOODS THE CITY OFFERS. VISIT ABQ PROMOTES THESE BUSINESSES IN OUR VISITOR GUIDE AND ONLINE, AS WELL AS IN OTHER MEDIA. 0 1 0 0 0 0 0 0 0 1 0 0 1 1 1 1 0 0 0 0 0 0 0 0 0 0 1 0 1 0 0 0 1 0 1 0 0 0 0 0 0 0 0 1 73 0 1 47 1 1 1 0 0 0 0 0 0 0 X 12 12 1 0 0 0 1 1 0 1 1 0 0 0 1 1 1 1 1 1 1 0 X TANIA ARMENTA 5058429918 20 FIRST PLAZA NW 601 ALBUQUERQUE NM 87102 BEN ABRUZZO CHAIR 10.00 X X 0 0 0 MINDY JENSEN CHAIR-ELECT 5.00 X X 0 0 0 DEEPESH KHOLWADWALA SECRETARY / TREASURER 5.00 X X 0 0 0 MICHAEL CANFIELD IMMEDIATE PAST CHAIR 10.00 X X 0 0 0 TOM GARRITY DIRECTOR 0.30 X 0 0 0 STEVE GRANT DIRECTOR 0.30 X 0 0 0 KARL HOLME DIRECTOR 0.30 X 0 0 0 DAMIAN KIRSON DIRECTOR 0.30 X 0 0 0 DAMEN KOMPANOWSKI DIRECTOR 0.30 X 0 0 0 CHRISTINE PAULEY DIRECTOR 0.30 X 0 0 0 WILLIAM STAFFORD DIRECTOR 0.30 X 0 0 0 NATE WELLS DIRECTOR 0.30 X 0 0 0 TANIA ARMENTA PRESIDENT & CEO 40.00 X 274242 0 46647 CEELA MCELVENY VP OF MARKETING AND COMMUNICATION 40.00 X 160735 0 48055 WILLIAM SCHUDLICH VP OF FINANCE & OPERATIONS 40.00 X 147731 0 39363 BROOKE JUNG VP DESTINATION DEVELOPMENT & COMMUNITY ENGAGEMENT 40.00 X 135473 0 19965 ANGELICA JEPSEN VP CONVENTION SALES, SERVICES & SPORTS 40.00 X 130226 0 28618 SCOTT CRAIGHEAD VP CONVENTION SALES, SERVICES & SPORTS 40.00 X 140752 0 19886 989159 0 202534 6 0 1 0 MCKEE WALLWORK COMPANY LLC 701 SPUR ST NE STE B ALBUQUERQUE NM 87102 ADVERTISING AND SERVICES 8105915 MILES PARTNERSHIP LLLP 6751 PROFESSIONAL PKWY STE 200 SARASOTA FL 34240 WEB DEVELOPMENT, MARKETING & HOSTING 280227 TURNER THE SHIPYARD LLC (TURNER PUBLIC R 4030 EASTON STATION STE 300 COLUMBUS OH 43219 TRAVEL MEDIA RELATIONS 212678 JONES LANGE LASALLE AMERICAS INC 200 EAST RANDOLPH DRIVE 43 FLOOR CHICAGO IL 60601 CONSULTAND FOR DESTINATION MASTER PLAN 140625 KODI HOLDINGS INC (FORMERLY LSC COMMUN 410 HIGHWAY 25 S BRAINERD MN 56401 PRINTING VISITOR GUIDES 129749 7 9608066 9608066 ALBUQUERQUE TOURISM MARKETING DIS 900099 6704321 6704321 MEMBERSHIP FEES 900099 379065 379065 PROMOTIONAL PARTICIPATION 900099 307753 307753 ADVERTISING 541800 128800 128800 EVENT HOSTING/PART 900099 33215 33215 60 60 7553214 169280 169280 17330560 7424414 128800 169280 518349 999445 2147014 68098 171623 222942 6294 47508 177385 9285544 147547 233558 295977 214300 343107 207897 41971 MARKETING 2372321 PARTNERSHIP DUES 211270 TRAINING & EDUCATION 204972 RENTAL & MAINTENANCE 44942 16712 17978776 4600650 2384942 310118 1623986 264005 270219 566182 484021 1233964 420761 320672 813203 10813 10228 443516 1449959 6515956 7036558 711251 915634 637667 657668 602974 547989 448741 1448160 2400633 3569451 X 4115323 3467107 4115323 3467107 6515956 7036558 -648216 0 X X 0 1 X 1 0 RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 368160 71672 296488 777109 296028 481081 88695 53061 35634 813203 RENTAL DEPOSITS 1800 ROU ASSETS 1448159 1449959 ROU - LIABILITY 1448160 1448160 X 17427550 96990 96990 17330560 0 17330560 18075766 96990 96990 17978776 0 17978776 PART X, LINE 2: VISIT ABQ IS A NONPROFIT CORPORATION AND QUALIFIES AS A TAX-EXEMPT ORGANIZATION UNDER SECTION 501(C)(6) OF THE INTERNAL REVENUE CODE (IRC) AND IS CLASSIFIED AS OTHER THAN A PRIVATE FOUNDATION. AS SUCH, ITS NORMAL ACTIVITIES DO NOT RESULT IN ANY INCOME TAX LIABILITY. HOWEVER, INCOME FROM CERTAIN ACTIVITIES NOT DIRECTLY RELATED TO VISIT ABQ'S TAX-EXEMPT PURPOSE IS SUBJECT TO TAXATION AS UNRELATED BUSINESS INCOME. THE INCOME THAT CREATES UNRELATED BUSINESS INCOME IS ADVERTISING REVENUE THAT VISIT ABQ RECEIVES. THIS INCOME IS TYPICALLY OFFSET BY ALLOWABLE DEDUCTIBLE COSTS ON AN ANNUAL BASIS. AS A RESULT, VISIT ABQ HAS AN APPROXIMATELY $371,000 NET OPERATING LOSS CARRYFORWARD THAT CAN BE UTILIZED TO OFFSET FUTURE TAXABLE INCOME. AS VISIT ABQ HAS A HISTORY OF TAXABLE LOSSES RELATED TO ITS UNRELATED BUSINESS INCOME, IT IS UNCERTAIN AS TO WHETHER THE NET OPERATING LOSS CARRYFORWARDS WILL BE UTILIZED; THEREFORE, NO DEFERRED TAX ASSET HAS BEEN RECOGNIZED IN THESE ACCOMPANYING FINANCIAL STATEMENTS. 1 ADELANTE DEVELOPMENT CENTER INC 3900 OSUNA RD NE ALBUQUERQUE NM 87109 850262072 501(C)(3) 10000 0 N/A N/A TOURISM GRANT TO DEVELOP ACCESSIBLE TRAVEL GUIDE CONSOLIDATING DISABILITY-FRIENDLY RESOURCES, VENUES, AND EXPERIENCES FOR VISITORS TO ALBUQUERQUE. AMP CONCERTS 1013 VASSAR DR NE ALBUQUERQUE NM 87106 562644410 501(C)(3) 25000 0 N/A N/A TOURISM GRANT TO PRODUCE FREE OUTDOOR CONCERT SERIES AT WINROCK AMPHITHEATER PROMOTING CULTURAL TOURISM AND SUPPORTING LOCAL VENDORS. ARTEMIS PROMOTIONS INC PO BOX 50148 ALBUQUERQUE NM 87181 471667759 501(C)(3) 15000 0 N/A N/A TOURISM GRANT TO PRODUCE ROUTE 66 FEST AND LOWRIDER FEST CULTURAL EVENTS CELEBRATING AUTOMOTIVE HERITAGE AND ATTRACTING VISITORS TO ALBUQUERQUE. ARTS HUB 1214 AMADO ST NW ALBUQUERQUE NM 87104 352827359 501(C)(3) 15000 0 N/A N/A TOURISM GRANT TO PRODUCE FUNNY FIESTA, A MULTIDISCIPLINARY COMEDY FESTIVAL SHOWCASING LOCAL PERFORMERS AND DRIVING CULTURAL TOURISM. BLUE RIVER PRODUCTIONS 13209 HIDDEN VALLEY RD NE ALBUQUERQUE NM 87111 273980281 30000 0 N/A N/A TOURISM GRANT TO PRODUCE SOUTHWEST GLOW UP EXPO FEATURING REGIONAL BEAUTY, WELLNESS, AND SELF-CARE EXPERIENCES DURING SHOULDER SEASON. CARDBOARD PLAYHOUSE THEATRE COMPANY 100 GOLD AVENUE SW STE 112 ALBUQUERQUE NM 87102 452591227 501(C)(3) 10000 0 N/A N/A TOURISM GRANT FOR MONTHLY SECOND SATURDAYS PERFORMING ARTS SERIES SHOWCASING LOCAL TALENT IN DOWNTOWN ALBUQUERQUE. CASA FLAMENCA 401 RIO GRANDE BLVD ALBUQUERQUE NM 87104 272877560 501(C)(3) 15000 0 N/A N/A TOURISM GRANT FOR FREE OUTDOOR FLAMENCO PERFORMANCES EXPANDING AUDIENCE ACCESS TO AUTHENTIC CULTURAL EXPERIENCES IN OLD TOWN. DAY OF THE TREAD PO BOX 25424 ALBUQUERQUE NM 87125 856012236 501(C)(3) 10000 0 N/A N/A TOURISM GRANT FOR CYCLING EVENTS INCLUDING BOSQUE BONE SHAKER GRAVEL GRINDER AND ROAD RIDES SHOWCASING ALBUQUERQUE'S TRAILS AND SCENERY. DUKE CITY REPERTORY THEATRE 5720 VULCAN VISTA DR NE ALBUQUERQUE NM 87111 263402706 501(C)(3) 10000 0 N/A N/A TOURISM GRANT FOR NEW WORKS/NEW SPACES FESTIVAL PRESENTING SITE-SPECIFIC THEATER IN NON-TRADITIONAL VENUES THROUGHOUT ALBUQUERQUE. EXPLORA 1701 MOUNTAIN ROAD NW ALBUQUERQUE NM 87104 850442062 501(C)(3) 30000 0 N/A N/A TOURISM GRANT TO DEVELOP OUTDOOR STEAM LEARNING EXPERIENCES AND TRAILS AT CHILDREN'S MUSEUM CAMPUS IN OLD TOWN AREA. FLAMENCO WORKS INC 506 CENTRAL AVE SW ALBUQUERQUE NM 87102 824616301 501(C)(3) 25000 0 N/A N/A TOURISM GRANT TO PRODUCE FIESTA FLAMENCA BURQUENA, A FREE STREET FESTIVAL FEATURING WORLD-CLASS FLAMENCO PERFORMANCES IN DOWNTOWN. GATHERING OF NATIONS LIMITED 3301 COORS BLVD NW R300 ALBUQUERQUE NM 87120 850369165 501(C)(3) 10000 0 N/A N/A TOURISM GRANT TO ENHANCE GATHERING OF NATIONS POWWOW WITH EXPANDED CULTURAL PROGRAMMING AND EDUCATIONAL STORYTELLING EXPERIENCES. HISTORIC OLD TOWN ASSOCIATION 400 ROMERO STREET NW UNIT 1 ALBUQUERQUE NM 87104 931734145 501(C)(4) 25000 0 N/A N/A TOURISM GRANT FOR SIGNATURE EVENTS AND DIGITAL MARKETING CAMPAIGN PROMOTING OLD TOWN DURING ROUTE 66 CENTENNIAL. INDIAN PUEBLO CULTURAL CENTER INC 2401 12TH STREET NW ALBUQUERQUE NM 87104 850232968 501(C)(3) 30000 0 N/A N/A TOURISM GRANT FOR PUEBLO PATHWAYS PROJECT OFFERING MONTHLY IMMERSIVE INDIGENOUS CULTURAL EXPERIENCES LED BY PUEBLO COMMUNITIES. ITALITY PLANT BASED FOODS (ITALITY LLC) 2500 12TH STREET NW UNIT E STE 2 ALBUQUERQUE NM 87104 861342665 10000 0 N/A N/A TOURISM GRANT FOR PLANT-BASED CULINARY TOURISM EXPERIENCES HIGHLIGHTING SUSTAINABLE AND TRADITIONAL NEW MEXICAN CUISINE. KUSTOM HOPPERS 110 2ND STREET SW STE 312 ALBUQUERQUE NM 87102 392380722 10000 0 N/A N/A TOURISM GRANT FOR LOWRIDER CULTURAL PRESERVATION INITIATIVE DOCUMENTING ORAL HISTORIES AND OFFERING YOUTH WORKSHOPS. LUNA AND LUZ LLC 400 SAN FELIPE STE 8 ALBUQUERQUE NM 87104 923616404 20000 0 N/A N/A TOURISM GRANT FOR ROTATING ARTIST RESIDENCY PROGRAM IN OLD TOWN FEATURING CULTURAL PROGRAMMING AND ROUTE 66 CENTENNIAL ART. MARIACHI SPECTACULAR DE ALBUQUERQUE 6260 RIVERSIDE PLAZA LN NW STE A ALBUQUERQUE NM 87120 710967585 501(C)(3) 10000 0 N/A N/A TOURISM GRANT FOR A TASTE OF MARIACHI INTIMATE DINNER SHOWS AT HOTEL ALBUQUERQUE SHOWCASING TRADITIONAL MARIACHI MUSIC. MELTDOWN STUDIO LLC 1848 ZEARING AVE NW ALBUQUERQUE NM 87104 348685665 25000 0 N/A N/A TOURISM GRANT FOR SOUTHWEST STUDIO SESSIONS JEWELRY WORKSHOPS FEATURING ROTATING NEW MEXICO GUEST ARTISTS. M'TUCCI'S BAR ROMA 3222 CENTRAL AVENUE SE ALBUQUERQUE NM 87106 871255873 10000 0 N/A N/A TOURISM GRANT FOR WEEKLY ROUTE 66 MUSIC SERIES OUTDOOR CONCERTS FEATURING NEW MEXICAN MUSICIANS IN NOB HILL. NATIONAL HISPANIC CULTURAL CENTER FOUNDATION 1701 4TH STREET SW ALBUQUERQUE NM 87102 850335056 501(C)(3) 10000 0 N/A N/A TOURISM GRANT FOR 2ND ANNUAL LUMINITO CELEBRATION HOLIDAY EVENT AT NATIONAL HISPANIC CULTURAL CENTER. NATIONAL INSTITUTE OF FLAMENCO 1771 BELLAMAH AVE NW STE A ALBUQUERQUE NM 87104 850332879 501(C)(3) 10000 0 N/A N/A TOURISM GRANT FOR COMUNIDADES DEL FLAMENCO PROGRAM CONNECTING VISITORS WITH AUTHENTIC FLAMENCO EXPERIENCES ACROSS ALBUQUERQUE. NATIONAL MUSEUM OF NUCLEAR SCIENCE & HISTORY 601 EUBANK BLVD SE ALBUQUERQUE NM 87123 850404628 501(C)(3) 30000 0 N/A N/A TOURISM GRANT FOR SPYGLASS FESTIVAL FEATURING ESPIONAGE AND ATOMIC HISTORY PROGRAMMING TO ATTRACT VISITORS. NEW MEXICO RESTAURANT ASSOCIATION 9201 MONTGOMERY BLVD NE STE 602 ALBUQUERQUE NM 87111 850111356 501(C)(6) 10000 0 N/A N/A TOURISM GRANT TO PRODUCE ALBUQUERQUE RESTAURANT WEEK PROMOTING LOCAL DINING ESTABLISHMENTS TO VISITORS. NEW MEXICO WINE & GRAPE GROWERS ASSOC 4801 LANG AVE NE 110 ALBUQUERQUE NM 87109 850393236 501(C)(6) 10000 0 N/A N/A TOURISM GRANT TO REVIVE ALBUQUERQUE WINE MONTH FEATURING WINE DINNERS, TASTINGS, AND EVENTS SHOWCASING LOCAL WINERIES. PASSPORT TO PUEBLO COUNTRY 38 A TUNYO PO SANTA FE NM 87506 262718442 25000 0 N/A N/A TOURISM GRANT FOR CULTURAL PASSPORT PROGRAM PROVIDING GUIDED EXPERIENCES AT NEW MEXICO PUEBLOS. PLEASED TO PRESENT INC PO BOX 11 ALBUQUERQUE NM 87102 332995271 501(C)(3) 15000 0 N/A N/A TOURISM GRANT FOR CONTEMPORARY ART EXHIBITIONS AND CULTURAL PROGRAMMING ATTRACTING ARTS-FOCUSED VISITORS. REMEDY COFFEE (DURAN PHARMACY) 1816 LOMAS NW STE A ALBUQUERQUE NM 87104 850267095 10000 0 N/A N/A TOURISM GRANT FOR COURTYARD AND EVENT SPACE UPGRADES TO ENHANCE CULTURAL PROGRAMMING VENUE ON ROUTE 66. RUNFIT 12104 PALM SPRINGS AVE NE ALBUQUERQUE NM 87111 263470036 501(C)(3) 10000 0 N/A N/A TOURISM GRANT FOR NM ROUTE 66 MOTHER ROAD MINI MARATHON RACE EVENT CELEBRATING HIGHWAY'S CENTENNIAL. SHERWOOD COFFEE N' BREAD LLC 7417 SHERWOOD DR NW ALBUQUERQUE NM 87120 333172599 10000 0 N/A N/A TOURISM GRANT FOR TASTE OF THE SOUTHWEST CULINARY TOURISM EXPERIENCE SERIES FEATURING LOCAL FOOD CULTURE. WHEELS MUSEUM 1100 2ND SW ALBUQUERQUE NM 87103 850460925 501(C)(3) 10000 0 N/A N/A TOURISM GRANT FOR SOUTHWEST TRANSPORTATION FESTIVAL CELEBRATING REGIONAL TRANSPORTATION HISTORY AND HERITAGE. 20 12 PART I, LINE 2: UPON COMPLETION OF THE GRANT PROJECT, GRANTEES ARE REQUIRED TO SUBMIT A FINAL REPORT. IN THIS REPORT, GRANTEES ARE ASKED TO INCLUDE AN OVERVIEW OF THEIR EXPENSES INCLUDING THE BUDGETED AMOUNT AND ACTUAL EXPENSES FOR THE FOLLOWING CATEGORIES: SUBCONTRACTOR COSTS, NON-CONSTRUCTION MATERIALS, EQUIPMENT AND SUPPLIES, PERSONNEL, CONSTRUCTION RELATED MATERIALS, EQUIPMENT AND SUPPLIES, ADMINISTRATIVE COSTS AND RENTAL OR LEASE EXPENSES. GRANTEES ARE ALSO ASKED TO SUBMIT A DETAILED LIST OF EXPENSES INCLUDING ENTITY AND AMOUNT PAID. ONCE RECEIVED, THE GRANT REVIEW COMMITTEE WILL DISCUSS THE FINAL REPORT AND DECIDE IF THE INFORMATION SUBMITTED IS SUFFICIENT OR REQUIRES MORE DOCUMENTATION BEFORE FINAL FUNDING IS ALLOCATED. X X X X 1 0 0 TANIA ARMENTA PRESIDENT & CEO 216962 0 33005 0 24275 0 0 0 46647 0 320889 0 0 0 CEELA MCELVENY VP OF MARKETING AND COMMUNICATION 132038 0 14469 0 14228 0 0 0 48055 0 208790 0 0 0 WILLIAM SCHUDLICH VP OF FINANCE & OPERATIONS 125880 0 11845 0 10006 0 0 0 39363 0 187094 0 0 0 SCOTT CRAIGHEAD VP CONVENTION SALES, SERVICES & SPOR 112980 0 0 0 27772 0 0 0 19886 0 160638 0 0 0 ANGELICA JEPSEN VP CONVENTION SALES, SERVICES & SPOR 94317 0 20574 0 15335 0 0 0 28618 0 158844 0 0 0 BROOKE JUNG VP DESTINATION DEVELOPMENT & COMMUNI 117680 0 12000 0 5792 0 0 0 19965 0 155438 0 0 0 LAURA KESSLEMAN (GARGOYLE CONSULTING LLC) PAST BOARD MEMBER 100725 CONSULTING SERVICES 0 DAMIAN KIRSON (RAINBOW RYDERS INC) BOARD DIRECTOR 13150 BALLOON RIDES AND EVENT HOSTING WITH BALLOON 0 FORM 990, PART VI, SECTION A, LINE 2 BOARD DIRECTORS ARE ENGAGED IN BUSINESSES RELATED TO AND COMPATIBLE WITH THE HOSPITALITY INDUSTRY. AS SUCH THEY ARE FREQUENTLY IN THE POSITION TO PROCURE GOODS AND SERVICES FROM EACH OTHER IN THE DAILY OPERATION OF THEIR BUSINESSES. FORM 990, PART VI, SECTION A, LINE 6 AS A 501(C)(6) TRADE ASSOCIATION, VISIT ABQ IS COMPRISED OF MEMBERS. MEMBERS MAY BE ANY PERSON, FIRM OR CORPORATION INTERESTED IN PROMOTING AND STIMULATING THE CONVENTION, SPORTS AND VISITOR INDUSTRY IN ALBUQUERQUE AND NEW MEXICO AND ARE ELIGIBLE FOR MEMBERSHIP. FORM 990, PART VI, SECTION A, LINE 7A PURSUANT TO VISIT ABQ'S BYLAWS, VOTING DIRECTORS OF THE BOARD ARE ELECTED BY AND FROM THE MEMBERSHIP. AMONG THE ELECTED DIRECTORS, SIX (6) REPRESENT HOTEL OWNERSHIP AND/OR OPERATING INTERESTS, FOUR (4) REPRESENT NON-LODGING INTERESTS IN THE HOSPITALITY INDUSTRY, TWO (2) REPRESENT GENERAL BUSINESS INDUSTRIES, AND ONE (1) NON-LODGING INTEREST MEMBER OF THE LODGERS' TAX ADVISORY BOARD. IN ADDITION TO THE DIRECTORS ELECTED BY THE MEMBERS, CERTAIN DIRECTORS SERVE AS EX-OFFICIO DIRECTORS BY APPOINTMENT FROM VARIOUS ENTITIES, INCLUDING THE FOLLOWING: TWO (2) ALBUQUERQUE CITY COUNCIL MEMBERS OR REPRESENTATIVES, THE MAYOR OR MAYORAL REPRESENTATIVE, THE MANAGER OF THE ALBUQUERQUE CONVENTION CENTER OR REPRESENTATIVE, THE PRESIDENT & CEO OF VISIT ALBUQUERQUE. FORM 990, PART VI, SECTION B, LINE 11B THE FORM 990 WAS PROVIDED TO THE AUDIT/FINANCE COMMITTEE OF THE BOARD OF DIRECTORS FOR ITS REVIEW. THE AUDIT/FINANCE COMMITTEE REPORTED TO THE BOARD OF DIRECTORS THAT THEY HAD REVIEWED THE FORM 990. THIS IS A STANDING COMMITTEE RESPONSIBLE FOR OVERSIGHT OF AUDIT AND FISCAL ACTIVITIES OF THE ORGANIZATION. FORM 990, PART VI, SECTION B, LINE 12C IN ADDITION TO THE BOARD POLICY TO DISCLOSE CONFLICTS OF INTEREST ANNUALLY, VISIT ABQ'S BY-LAWS INCLUDE A CONFLICT OF INTEREST STATEMENT. ALSO, A CONFLICT OF INTEREST POLICY IS IN PLACE WHICH INCLUDES A REQUIREMENT OF RECUSAL FROM DISCUSSION AND VOTING IF A MATTER BEFORE THE BOARD HAS POTENTIALLY SIGNIFICANT IMPACT ON A DIRECTOR'S BUSINESS OPERATIONS. THIS POLICY IS REVIEWED AT LEAST ANNUALLY AND IS A PART OF A FORMAL BOARD ORIENTATION PROCESS FOR NEW MEMBERS. FORM 990, PART VI, SECTION B, LINE 15 THE PRESIDENT & CEO'S COMPENSATION IS REVIEWED BY THE BOARD'S COMPENSATION COMMITTEE AND THE SALARY IS APPROVED BY THE COMMITTEE - INDICATED BY SIGNATURE OF THE BOARD CHAIR ON INTERNAL PAYROLL FORMS. INDUSTRY GUIDELINES ARE REGULARLY PUBLISHED BASED ON COMPENSATION AND BENEFIT SURVEYS INDICATING AVERAGE SALARY AND BENEFITS FOR PRESIDENT/CEO'S (AND OTHER STAFF) BASED ON NUMEROUS VARIABLES INCLUDING TYPE OF ENTITY, SIZE OF BUDGET, SIZE OF STAFF, ETC. THESE SURVEYS AS WELL AS SURVEYS CONDUCTED IN THE LOCAL MARKET PLACE WHICH INCLUDES INFORMATION FROM GOVERNMENT, NONPROFIT AND INDUSTRY BUSINESSES ARE REVIEWED AND CONSIDERED BY THE COMPENSATION COMMITTEE WHEN SETTING THE PRESIDENT & CEO'S COMPENSATION. AVERAGE PERCENT OF SALARY INCREASE AVAILABLE TO STAFF BASED ON MERIT IS ALSO A FACTOR IN DETERMINING ANNUAL RAISES. THIS PROCESS WAS LAST COMPLETED IN FY 2025. THE OTHER OFFICERS OR KEY EMPLOYEES ARE REVIEWED BY THEIR DESIGNATED MANAGER AND THE PROPOSED SALARIES ARE APPROVED BY THE PRESIDENT & CEO - INDICATED BY A SIGNATURE ON INTERNAL PAYROLL FORMS. INDUSTRY GUIDELINES ARE REGULARLY PUBLISHED BASED ON COMPENSATION AND BENEFIT SURVEYS INDICATING AVERAGE SALARY AND BENEFITS FOR STAFF BASED ON NUMEROUS VARIABLES INCLUDING TYPE OF ENTITY, SIZE OF BUDGET, SIZE OF STAFF, ETC. THESE SURVEYS AS WELL AS SURVEYS CONDUCTED IN THE LOCAL MARKET PLACE WHICH INCLUDE INFORMATION FROM GOVERNMENT. NONPROFIT AND INDUSTRY BUSINESSES ARE REVIEWED AND CONSIDERED BY THE MANAGER(S) AND PRESIDENT & CEO WHEN SETTING THE COMPENSATION. THIS PROCESS WAS LAST COMPLETED IN FY 2025. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION MAKES ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY AND FINANCIAL STATEMENTS AVAILABLE FOR PUBLIC INSPECTION BY REQUEST. THE VP MAINTAINS THESE DOCUMENTS, REVIEWS AND RESPONDS TO REQUESTS. IN ADDITION, THE AUDITED FINANCIAL STATEMENTS ARE POSTED ON ORGANIZATION'S WEBSITE. PART 990, PART XII, LINE 2C THE AUDIT AND FINANCE COMMITTEE ASSUMES RESPONSIBILITY FOR OVERSIGHT OF THE AUDIT OF ITS FINANICAL STATEMENTS AND SELECTION OF AN INDEPENDENT ACCOUNTANT. THIS PROCESS HAS NOT CHANGED FROM THE PREVIOUS YEAR.