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Nonprofiteer
← CORPORATION FOR TRAVEL PROMOTION

Form 990 for tax year 2024

Filed by CORPORATION FOR TRAVEL PROMOTION.

Totals

Total revenue
$139,855,946
Total expenses
$183,363,852
Contributions and grants received
$129,356,888
Grants paid
$6,000
Program service revenue
$1,623,230
Investment income
$8,872,314
Other revenue
$3,514
Total assets, end of year
$293,550,803
Total liabilities, end of year
$17,180,014
Net assets or fund balances, end of year
$276,370,789
Program services expenses (Part IX)
not reported
Management and general expenses
not reported
Fundraising expenses
not reported
Program service expenses (Part III)
not reported

Line items

Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.

Revenue

Part VIII, the statement of revenue.

  • 1b · Membership dues

    $43,943,600

  • 1f · All other contributions, gifts and grants

    $85,413,288

  • 2a · Program service revenue: PROGRAM REVENUE

    total $1,477,760 · related or exempt $1,477,760

  • 2b · Program service revenue: SPONSORSHIP REVENUE

    total $145,470 · related or exempt $145,470

  • 3 · Investment income

    total $7,124,628 · excluded $7,124,628

  • 6a · Gross rents

    real property $149,376

  • 6b · Less rental expenses

    real property $145,862

  • 6c · Rental income or loss

    real property $3,514

  • 6d · Net rental income or loss

    total $3,514 · excluded $3,514

  • 7a · Gross sales of assets other than inventory

    securities $344,947,000

  • 7b · Less cost or other basis and sales expenses

    securities $343,199,314

  • 7c · Gain or loss

    securities $1,747,686

  • 7d · Net gain or loss

    total $1,747,686 · excluded $1,747,686

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $6,000

  • 5 · Compensation of officers, directors and key employees

    total $2,146,962

  • 7 · Other salaries and wages

    total $15,032,221

  • 8 · Pension plan contributions

    total $433,646

  • 9 · Other employee benefits

    total $1,656,787

  • 10 · Payroll taxes

    total $1,091,718

  • 11a · Fees: management

    total $570,903

  • 11b · Fees: legal

    total $320,524

  • 11c · Fees: accounting

    total $174,451

  • 12 · Advertising and promotion

    total $144,835,315

  • 13 · Office expenses

    total $329,806

  • 14 · Information technology

    total $2,050,167

  • 16 · Occupancy

    total $1,079,727

  • 17 · Travel

    total $1,585,633

  • 19 · Conferences, conventions and meetings

    total $6,325,776

  • 22 · Depreciation, depletion and amortization

    total $1,808,093

  • 23 · Insurance

    total $133,163

  • 24a · Other expenses: RESEARCH

    total $2,466,952

  • 24b · Other expenses: BAD DEBT EXPENSE

    total $1,131,162

  • 24c · Other expenses: COMMUNICATIONS

    total $184,846

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $61,788,436 · end of year $147,388,342

  • 2 · Savings and temporary cash investments

    beginning of year $1,218,659 · end of year $496,671

  • 3 · Pledges and grants receivable

    beginning of year $30,243,137 · end of year $3,582,042

  • 4 · Accounts receivable

    beginning of year $99,055,659 · end of year $45,314,130

  • 9 · Prepaid expenses and deferred charges

    beginning of year $8,374,001 · end of year $5,398,028

  • 10a · Land, buildings and equipment: cost or other basis

    $4,122,205

  • 10b · Land, buildings and equipment: accumulated depreciation

    $3,890,112

  • 10c · Land, buildings and equipment, net

    beginning of year $715,888 · end of year $232,093

  • 11 · Investments: publicly traded securities

    beginning of year $182,938,576 · end of year $83,106,828

  • 14 · Intangible assets

    beginning of year $6,605,649 · end of year $7,562,223

  • 15 · Other assets

    beginning of year $1,623,055 · end of year $470,446

  • 17 · Accounts payable and accrued expenses

    beginning of year $43,150,230 · end of year $16,693,702

  • 19 · Deferred revenue

    beginning of year $342,342 · end of year $218,483

  • 25 · Other liabilities

    beginning of year $1,682,449 · end of year $267,829

  • 27 · Net assets without donor restrictions

    beginning of year $302,137,666 · end of year $270,480,556

  • 28 · Net assets with donor restrictions

    beginning of year $45,250,373 · end of year $5,890,233

Mission and programs · 2024

Mission

SEE SCHEDULE O

  • SEE SCHEDULE O

  • SEE SCHEDULE O

  • SEE SCHEDULE O

As filed on the 2024 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • TODD DAVIDSON

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • MIKE MANGEOT

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • HARI NAIR

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • DANNY HUGHES

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • DONALD MOORE

    DIRECTOR (UNTIL 12/24)

    Total calculated
    $0
    Hours/week
    1

  • MARK HOPLAMAZIAN

    DIRECTOR (UNTIL 12/24)

    Total calculated
    $0
    Hours/week
    1

  • STEPHANIE YOUNG

    DIRECTOR (UNTIL 01/26)

    Total calculated
    $0
    Hours/week
    1

  • ELLIOTT FERGUSON

    CHAIR (UNTIL 04/25)

    Total calculated
    $0
    Hours/week
    4

  • LAUREN BAILEY

    VICE CHAIR (UNTIL 04/25)

    Total calculated
    $0
    Hours/week
    1

  • ALLEN ORR

    SECRETARY (UNTIL 04/25)

    Total calculated
    $0
    Hours/week
    1

  • KRISTEN ESPOSITO

    TREASURER (UNTIL 04/25)

    Total calculated
    $0
    Hours/week
    1

  • TIM MAPES

    DIRECTOR (UNTIL 04/25)

    Total calculated
    $0
    Hours/week
    1

  • GUS ANTORCHA

    DIRECTOR (UNTIL 12/25)

    Total calculated
    $0
    Hours/week
    1

  • FRED DIXON

    CEO & PRESIDENT

    Total calculated
    $563,037
    From this org
    $556,166
    From related orgs
    $0
    Other
    $6,871
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $346,166
    Bonus
    $150,000
    Other
    $60,000
    Deferred
    $0
    Nontaxable benefits
    $6,871
    Filer's total
    $563,037

  • DONALD F RICHARDSON

    CHIEF FINANCIAL OFFICER

    Total calculated
    $608,745
    From this org
    $567,318
    From related orgs
    $0
    Other
    $41,427
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $437,318
    Bonus
    $130,000
    Other
    $0
    Deferred
    $13,800
    Nontaxable benefits
    $27,627
    Filer's total
    $608,745

  • AARON WODINSCHWARTZ

    CHIEF CORPORATE AFFAIRS OFFICER

    Total calculated
    $489,709
    From this org
    $463,347
    From related orgs
    $0
    Other
    $26,362
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $369,597
    Bonus
    $93,750
    Other
    $0
    Deferred
    $13,800
    Nontaxable benefits
    $12,562
    Filer's total
    $489,709

  • JOHN O CONTE

    SVP, GENERAL COUNSEL

    Total calculated
    $428,516
    From this org
    $384,470
    From related orgs
    $0
    Other
    $44,046
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $305,720
    Bonus
    $78,750
    Other
    $0
    Deferred
    $12,855
    Nontaxable benefits
    $31,191
    Filer's total
    $428,516

  • BRIAN WATKINS

    VP, TECHNOLOGY

    Total calculated
    $339,606
    From this org
    $303,679
    From related orgs
    $0
    Other
    $35,927
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $238,679
    Bonus
    $65,000
    Other
    $0
    Deferred
    $10,627
    Nontaxable benefits
    $25,300
    Filer's total
    $339,606

  • MING SUEY NEWCOMB

    VP, FINANCE & ACCOUNTING

    Total calculated
    $323,931
    From this org
    $300,627
    From related orgs
    $0
    Other
    $23,304
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $233,127
    Bonus
    $67,500
    Other
    $0
    Deferred
    $10,363
    Nontaxable benefits
    $12,941
    Filer's total
    $323,931

  • CASSADY BAILEY

    VP, PARTNER ENGAGEMENT & MARKETING

    Total calculated
    $303,782
    From this org
    $285,308
    From related orgs
    $0
    Other
    $18,474
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $224,058
    Bonus
    $61,250
    Other
    $0
    Deferred
    $6,163
    Nontaxable benefits
    $12,311
    Filer's total
    $303,782

  • MARK LAPIDUS

    VP, CONTENT & MARKETING TECHNOLOGY

    Total calculated
    $321,578
    From this org
    $280,436
    From related orgs
    $0
    Other
    $41,142
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $223,106
    Bonus
    $57,330
    Other
    $0
    Deferred
    $9,303
    Nontaxable benefits
    $31,839
    Filer's total
    $321,578

  • CHRISTOPHER L THOMPSON

    CEO & PRESIDENT (UNTIL 09/24)

    Total calculated
    $908,279
    From this org
    $885,295
    From related orgs
    $0
    Other
    $22,984
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $478,334
    Bonus
    $348,461
    Other
    $58,500
    Deferred
    $9,871
    Nontaxable benefits
    $13,113
    Filer's total
    $908,279

  • STACI MELLMAN

    CHIEF MKTG OFFICER (UNTIL 08/24)

    Total calculated
    $313,880
    From this org
    $300,783
    From related orgs
    $0
    Other
    $13,097
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $250,783
    Bonus
    $0
    Other
    $50,000
    Deferred
    $10,038
    Nontaxable benefits
    $3,059
    Filer's total
    $313,880

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.

Schedule J

Answered yes

  • 1a · Housing allowance or residence for personal use
  • 1b · Written policy on the line-1a expenses
  • 2 · Substantiation required before reimbursing expenses
  • 3 · Compensation survey or study
  • 3 · Approval by the board or compensation committee
  • 4a · Severance or change-of-control payment

Answered no

  • 4b · Supplemental nonqualified retirement plan
  • 4c · Equity-based compensation arrangement

The filer's explanations (Part III)

PART I, LINE 1A
THE CEO AND FORMER CEO RECEIVED LIMITED HOUSING ALLOWANCE ACCORDING TO THEIR EMPLOYMENT AGREEMENTS, WHICH WAS REPORTED AS TAXABLE COMPENSATION ON THEIR W-2. THE FORMER CEO WAS REIMBURSED FOR A COMPANION'S TRAVEL EXPENSES FOR SELECT BUSINESS TRIPS DURING THE FISCAL YEAR. THESE EXPENSES WERE PRE-APPROVED BY THE BOARD OF DIRECTORS AND WAS INCLUDED AS TAXABLE COMPENSATION ON THEIR W-2.
PART I, LINE 4A
STACI MELLMAN RECEIVED A SEVERANCE PAYMENT OF $50,000.

Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.

Grants on this return

Provenance

Return type
form_990
Tax year
2024
Filed
10 July 2026
IRS schema version
2024v5.5
Source object
202611959349301431

Check it against the return as filed: the GivingTuesday Data Lake hosts a public copy of the original XML.

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