VisitDallas CEO Phillip Jones is an avid cyclist and triathlete. Jonathan Zizzo

Business

Why Did Phillip Jones Receive a $35,000 Pay Advance from VisitDallas?

Maybe it was to pay for the Tumi backpack?

An alert FrontBurnervian points us to something interesting in the VisitDallas deal that I haven’t seen anywhere else yet. Scroll down to page 28 of this 990 form filed by VisitDallas in 2015, the most recent year available. See that $35,000 loan to CEO Phillip Jones? What the holy heck is that? It is characterized as a “pay advance.” Jones’ compensation that year was $670,000. Not all of that was cash. I don’t know what his FSA or withholding situations are. So for argument’s sake, let’s ignore all that. If he gets paid every two weeks, his paycheck would be $27,916. And he needed to borrow $35,000? Furthermore, the 990 form says that Jones has (or had) a balance due of $135,000. Is VisitDallas running a payday loan operation that charges $100,000 in interest on a $35,000 loan?

I’m sure there’s a good explanation for this. I’ve called and emailed Frank Librio, the VisitDallas marketing guy who handles media relations and whose compensation in 2015 was $174,000. If I hear back from him, I’ll update this post.

Newsletter

Get a weekly recap in your inbox every Sunday of our best stories from the week plus a primer for the days ahead.

Find It

Search our directories for...

Dining

Dining

Bars

Bars

Events

Events

Attractions

Attractions

View All

View All

Comments

  • Chris Dinsmore

    A bunch of crooks stealing our tax payer money. There needs to be some jail time.

  • Poetaster Dallas

    IT’S MY HIVE
    One plus one, you may not agree
    In government math, equals three.
    Two for them and one for me,
    Overpaid President of the DCVB..
    That fund doth slush, you don’t see
    The stuff we get through patrimony
    And support, to market our fair city
    As 90% live where life’s more gritty.
    Things going down, politically?
    Unelected, unopposed, same to me,
    I don’t care you might not agree!
    Sweet spot, here, eating all the honey
    Because there’s no accounting for Other People’s Money.
    Boomshakalakalakah.

  • Greg Brown

    You gotta spend money to lose money, Tim.

  • Poetaster Dallas

    Please don’t feed the poet.
    poetaster noun
    po·​et·​as·​ter | ˈpō-ə-ˌta-stər
    Definition of poetaster
    : an inferior poet

  • Raymond M. Crawford

    Remember the time Librio pulled the Trinity River wool over Wilonsky?
    https://www.dallasobserver.com/news/all-apologies-mr-librio-7125855