Norfolk Convention & Visitors Bureau Inc
Only null% goes to programs Growing revenue
Norfolk Convention & Visitors Bureau Inc is a 501(c)(6) organization based in Norfolk, Virginia, registered in 2000, with $5,443,470 in FY2023 revenue. CharityIndex grades it B.
232 E Main St, Norfolk, VA, 23510 EIN 31-1678153 Since 2000
Revenue (FY2023)
$5.4M
▼ 0.7% vs prior year
Community median: $184K
Expenses (FY2023)
$5.3M
Net assets
$2.0M
Employees
—
CharityIndex rating
One independent A+ to F grade from four published criteria, each scored separately from IRS filings and combined by weight.
B
★★★★
Rated on 2 of 4 criteria — the rest aren't reported in this filing type.
Held down by its weakest criterion — a strong score on one criterion can't hide a weak one.
How the rating works →—Program efficiency40% of the ratingNo expense breakdown in filings
Measures how much of every dollar spent actually reaches programs, plus what it costs to raise $100 of donations. The worse of the two measures sets the letter (85%+ to programs is an A; under $15 to raise $100 is an A), averaged over the three most recent filings. Not scored for Norfolk Convention & Visitors Bureau Inc— this filing type doesn't report it, and the rating simply skips it (never counts it against the organization). See the exact thresholds →
AFinancial health25% of the rating5 mo reserves · +3% margin
Measures whether the organization is built to last: how many months its reserves would cover expenses (3+ months earns an A-range score, but hoarding 5+ years of budget is capped) and whether it runs a surplus or a deficit. For Norfolk Convention & Visitors Bureau Inc: 5 mo reserves · +3% margin earns a A on this criterion. See the exact thresholds →
—Governance25% of the ratingNot reported in this filing type
Checks how the organization is run, from its own Form 990: an independent board majority, a board of five or more, conflict-of-interest, whistleblower and document-retention policies, and independently audited financials. The share of disclosed checks that pass sets the letter. Not scored for Norfolk Convention & Visitors Bureau Inc— this filing type doesn't report it, and the rating simply skips it (never counts it against the organization). See the exact thresholds →
CTransparency10% of the rating2 of 5 disclosure signals
Counts five disclosure signals: a recent filing, a mission statement, program descriptions, a listed website, and the full expense breakdown. More disclosure, better letter. For Norfolk Convention & Visitors Bureau Inc: 2 of 5 disclosure signals earns a C on this criterion. See the exact thresholds →
Show this grade on your website
A live seal — it updates automatically when the grade changes and links donors to this verified profile.
Contact & location
- Address
- 232 E Main St, Norfolk, VA, 23510
- City
- Norfolk
- State
- Virginia
- Subcategory
- Business & Industry Associations
- Website
- …
Financial trends
Revenue grew from $4.8M (FY2013) to $5.4M (FY2023) across 11 reported years.
Financial snapshot
Financial health & position (FY2023)
Liabilities $592KNet assets $2.0M
Operating margin
2.9%
Revenue exceeded expenses in the latest fiscal year.
Total assets
$2.6M
Total liabilities
$592K
Net assets
$2.0M
Financials by year
| Fiscal year | Revenue | Expenses | Net assets | Total assets | Form |
|---|---|---|---|---|---|
| 2023 | $5,443,470▼0.7% | $5,287,072▼5.6% | $2,046,546▲10.7% | $2,638,639▲1.7% | 990 |
| 2022 | $5,479,312▼4.4% | $5,597,892▲6.7% | $1,848,085▼6.4% | $2,595,563▼3.6% | 990 |
| 2021 | $5,731,785▲29.4% | $5,248,816▲28.5% | $1,975,214▲26.3% | $2,693,270▼10.0% | 990 |
| 2020 | $4,428,367▲2.0% | $4,083,259▼17.8% | $1,563,930▲28.6% | $2,993,697▲43.0% | 990 |
| 2019 | $4,339,716▼12.4% | $4,970,063▲10.6% | $1,215,807▼33.8% | $2,093,364▼11.0% | 990 |
| 2018 | $4,953,304▼0.6% | $4,493,841▼13.2% | $1,837,077▲33.5% | $2,351,127▲25.7% | 990 |
| 2017 | $4,981,287▲2.0% | $5,175,910▲11.3% | $1,375,659▼12.4% | $1,870,355▼16.0% | 990 |
| 2016 | $4,881,810▲1.2% | $4,648,589▼1.6% | $1,570,282▲17.4% | $2,226,316▲6.9% | 990 |
| 2015 | $4,824,678▲0.2% | $4,722,325▲2.9% | $1,337,061▲8.3% | $2,082,294▲13.1% | 990 |
| 2014 | $4,816,767▲1.1% | $4,591,393▼5.4% | $1,234,708▲22.3% | $1,840,880▲6.0% | 990 |
| 2013 | $4,763,993 | $4,852,601▼0.3% | $1,009,334▼6.4% | $1,737,028▲6.4% | 990 |
| 2012 | — | $4,867,105▼0.9% | $1,077,942▼4.3% | $1,632,579▼14.2% | 990 |
| 2011 | — | $4,910,523▲1.8% | $1,126,027▲12.3% | $1,903,790▲9.0% | 990 |
| 2010 | — | $4,823,747▲0.8% | $1,002,678▲2.2% | $1,746,878▲12.4% | 990 |
| 2009 | — | $4,785,405 | $981,487 | $1,554,577 | 990 |
Original Form 990 PDFs (the Form column) are served by ProPublica Nonprofit Explorer, as filed with the IRS. Create a free account to download the CSV report.
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Frequently asked questions
- Is Norfolk Convention & Visitors Bureau Inc a legitimate nonprofit?
- Yes. Norfolk Convention & Visitors Bureau Inc is a 501(c)(6) organization registered with the U.S. Internal Revenue Service under EIN 31-1678153, based in Norfolk, Virginia.
- What is Norfolk Convention & Visitors Bureau Inc's EIN?
- Norfolk Convention & Visitors Bureau Inc's Employer Identification Number (EIN) is 31-1678153.
- How much revenue does Norfolk Convention & Visitors Bureau Inc report?
- Norfolk Convention & Visitors Bureau Inc reported $5,443,470 in total revenue on its fiscal year 2023 IRS Form 990 filing.
- What financial grade does Norfolk Convention & Visitors Bureau Inc have?
- CharityIndex grades Norfolk Convention & Visitors Bureau Inc B, based on financial health (reserves and operating margin).
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Data for Norfolk Convention & Visitors Bureau Inc (EIN 31-1678153) comes from the IRS Business Master File and e-filed Form 990 returns, via CharityIndex. Figures reflect what the organization reported to the IRS for each fiscal year.