PHLCVB FINANCIALS FY 2023 The PHLCVB appreciates the partnership and contributions of the Pennsylvania Convention Center Authority, the Commonwealth of Pennsylvania, the City of Philadelphia, and the Philadelphia Hospitality Investment Levy. █ Hotel Tax: $8,952,167 █ Revenue from Contracts: $6,692,452 █ City/State Funding: $993,966 █ Partnership Revenue: $823,030 █ PHiL: $626,099 █ Publications and Other: $165,489 █ Other: $246,119 Total Revenue: $18,499,322 █ Convention Sales: $9,088,134 █ Marketing and Communications: $3,590,541 █ General Administration: $1,831,071 █ Global Tourism Sales: $1,377,813 █ Group Tour Sales: $673,770 █ Partnership: $353,733 Total Expenses: $16,915,062 Non-Operation Revenue: $ 384,184 Change in Net Assets: $1,968,444 PHLCVB BOARD OF DIRECTORS — OFFICERS Chair, Karen Dougherty Buchholz Executive Vice President, Administration COMCAST CORPORATION Vice Chair, Leonard Buckley General Manager THE RITZ-CARLTON HOTEL, PHILADELPHIA Vice Chair, John McNichol President & CEO PENNSYLVANIA CONVENTION CENTER AUTHORITY Treasurer, Jeff Adeli Partner PRICEWATERHOUSECOOPERS, LLP Secretary, John Pierce Partner SAUL EWING LLP President & CEO, Gregg Caren President & CEO PHILADELPHIA CONVENTION & VISITORS BUREAU EXPENSES 54% 4% 8% 2% 11% 21% REVENUE 1% 1% 49% 5% 36% 5% 5% 46