Destination Bryan EIN 85-1915912

Destination Bryan FY2024 filing

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Promotes Bryan as a tourism destination to boost hotel stays and local business spending. For fiscal year 2024 it reported $2.9M in revenue, $2.7M in expenses, and $226K in net assets.Pt I

Type
Business league / trade association · Community Development
Location
Bryan, TX
Website
www.destinationbryan.com
Filings
5 on file (2021–2024)
Revenue
$2.9MFY2024
Expenses
$2.7M
Net assets
$226K
People
4
Filings
5
Updates
0
More identity details & actions ⌄
EIN  85-1915912 Business league / trade association Bryan, TX
Form 990 (PDF)
You’re viewing the FY2024 filing — not the latest on file. See the latest (FY2025) →
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Figures match the IRS filing checked 8/30/26 · see original: IRS
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Size
$1–10M
What they do
Promotes Bryan as a tourism destination to boost hotel stays and local business spending.
Leadership
Spencer Clements · President
Money in and out
$2.9M revenue, $2.7M expenses
Bottom line
+6% operating surplus
Membership & operating revenue · FY2024
Total revenue
$2.9M
Pt VIII · Ln 12
Total expenses
$2.7M
Pt IX · Ln 25
Net assets
$226K
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): $160K
Where spending went · Part IX cols B–D
Program services $0.90 Management & general $0.10
Operating surplus
+6%
revenue over expenses
Earned revenue
4%
of revenue from program services & dues
Payroll share
28%
of spending is salaries & benefits

Summary of the Filing

Part I · fiscal year 2024 · Form 990
Revenue
$2.9M
FY2024▲ +25%
Expenses
$2.7M
FY2024▲ +18%
Total assets
$467K
FY2024▲ +128%
Total liabilities
$241K
FY2024▲ +74%
Total revenue
$2.9M
Pt VIII · Ln 12
Total expenses
$2.7M
Pt IX · Ln 25
Net assets
$226K
Pt X · Ln 32
Revenue less expensesPt I · Ln 19$160K
Total assetsPt X · Ln 16$467K
Program-expense ratioPt IX · col B90%
Voting members of governing bodyPt I · Ln 33
Independent voting membersPt I · Ln 43
Mission & Programs · Part III

Where the work happens

1 program service account for $2.5M of program spending, described in the organization's own filed words · FY2023.
01

To enhance economic and social growth in bryan, texas by marketing, promoting, developing, and coordinating tourism, conventions, sports, and hospitality opportunities in the area.

$2.5Mprogram expense

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Identity & Classification

Form 990 Header · IRS Business Master File
Legal nameHdr · item CDestination Bryan
EINHdr · item D85-1915912
Principal addressHdr · item CBryan, TX
WebsiteHdr · item Jwww.destinationbryan.com
Year of formationHdr · item Lpending
State of legal domicileHdr · item MTX
Exempt statusHdr · item I501(c)(6) · active
NTEE classificationIRS BMFCommunity Development (S41)
Ruling yearIRS BMFFeb 2021

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1a3
Independent voting membersPt VI · Ln 1b3
Conflict-of-interest policyPt VI · Ln 12aYes
Whistleblower policyPt VI · Ln 13No
Document retention policyPt VI · Ln 14No
CEO/top-official compensation independently reviewedPt VI · Ln 15aYes
Family or business relationships among officers/directorsPt VI · Ln 2No

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation · most recent filed roster (FY2023); the FY2024 filing did not itemize Part VII
$0Pt VII · Sec A
Treasurer
$0Pt VII · Sec A
Board Director
$0Pt VII · Sec A
Executive Direc
$0Pt VII · Sec A

John Friebele’s $134K as Executive Dir. is at the 38th percentile of top reported officer pay among 2834 $1–10M community development nonprofits. Peer set: organizations in the same NTEE major field of work and revenue-size band, compared on each org’s own highest-paid officer/key-employee, from Form 990 Part VII / 990-PF Part VIII. Descriptive placement, not a verdict on whether the pay is appropriate.

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Statement of Revenue

Part VIII
Contributions & grants$2.8M · 96%
Program service revenue$109K · 4%
Contributions & grants96%$2.8M
Program service revenue4%$109K
— government grantsLn 1e$2.8M
Total revenueLn 12$2.9M

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.90 Management & general $0.10
Program services90%$2.5M
Management & general10%$262K
Total functional expensesLn 25$2.7M

Balance Sheet

Part X · end of year
CashLn 1$303K
Total assetsLn 16$467K
Total liabilitiesLn 26$241K
Total net assetsLn 32$226K
Months of cash on handcomputed1.3

Financial Metrics

Form 990 · FY2024 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $303K · Operating expenses/yr $2.7M
1.3 months
Where the money goes
Program services
Program services $2.5M · Total expenses $2.7M
90%
Management & General
Management & general $262K · Total expenses $2.7M
10%
Fundraising
Fundraising $0 · Total expenses $2.7M
0%
Cost to raise $1
Fundraising expense (3-yr avg) $0 · Solicited contributions (3-yr avg) $0
Solicited contributions below reporting floor
Where the money comes from
Contribution dependence
Contributions & grants $2.8M · Total revenue $2.9M
96%
Government reliance
Government grants $2.8M · Total revenue $2.9M
96%
Earned-income share
Program service revenue $109K · Total revenue $2.9M
4%
Investment reliance
Investment income $0 · Total revenue $2.9M
0%
Program self-sufficiency
Program service revenue $109K · Total expenses $2.7M
4%
Growth & trend
Revenue growth (YoY)
This year $2.9M · Prior year $2.3M
+25%
Net-asset trend (YoY)
End of year $226K · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $2.9M · Expenses $2.7M
+6%
Liabilities-to-Assets
Total liabilities — · Total assets $467K
Net-asset ratio
Net assets $226K · Total assets $467K
48%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) $0 · Other securities (Pt X, ln 12) $0 · Total assets (Pt X, ln 16) $467K
0%
People & payroll
Highest Reported Total Compensation
Individual Spencer Clements · Reported title PRESIDENT · Highest reported compensation $0 · Total expenses $2.7M
0%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) $749K · Total expenses $2.7M
28%
Peer comparison

Same NTEE category, revenue band, and state where available. Descriptive — not a grade.

MetricThis orgPeer medianPercentile
Program ratio 90%
Overhead ratio 10%
Fundraising cost ratio 0%
Revenue growth 25%
Investment management fee ratio 0%
Legal fee ratio 0.3%
Accounting fee ratio 2%
Fundraising fee ratio 0%

Straight from the Form 990 — descriptive, not an evaluation. A ratio is hidden when its base is zero or too small to be meaningful; the dollars are always shown.

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Filings & Schedule Manifest

Part IV
III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
FY2025 (Latest)$3.1M revenue · ⤓ 990 PDF
FY2024$2.9M revenue · viewing · ⤓ 990 PDF
FY2023$2.3M revenue · ⤓ 990 PDF
FY2022$1.5M revenue · ⤓ 990 PDF
FY2021$1.2M revenue · ⤓ 990 PDF

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Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2024IRS
Classification, formation year, addressIRS Business Master File
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