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Nonprofiteer
← SAN FRANCISCO TRAVEL FOUNDATION

Form 990 for tax year 2024

Filed by SAN FRANCISCO TRAVEL FOUNDATION.

Totals

Total revenue
$94,478
Total expenses
$60,925
Contributions and grants received
$5,200
Grants paid
$0
Program service revenue
$89,278
Investment income
$0
Other revenue
$0
Total assets, end of year
$518,277
Total liabilities, end of year
$910
Net assets or fund balances, end of year
$517,367
Program services expenses (Part IX)
$60,925
Management and general expenses
$0
Fundraising expenses
$0
Program service expenses (Part III)
$60,925

Program services were 100.0% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

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.

  • 1f · All other contributions, gifts and grants

    $5,200

  • 2a · Program service revenue: EDUCATIONAL PROGRAMS

    total $89,278 · related or exempt $89,278

Functional expenses

Part IX, the statement of functional expenses.

  • 11b · Fees: legal

    total $3,120 · program services $3,120

  • 11c · Fees: accounting

    total $480 · program services $480

  • 12 · Advertising and promotion

    total $57,262 · program services $57,262

  • 13 · Office expenses

    total $13 · program services $13

  • 23 · Insurance

    total $50 · program services $50

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $151,763 · end of year $85,753

  • 12 · Investments: other securities

    beginning of year $332,051 · end of year $432,524

  • 17 · Accounts payable and accrued expenses

    end of year $910

  • 27 · Net assets without donor restrictions

    beginning of year $483,814 · end of year $517,367

Mission and programs · 2024

Mission

THE FOUNDATION IS DEDICATED TO EDUCATION AND TRAINING BY PROVIDING FUNDING, SERVICES, AND PROGRAMS TO:(A) LOCAL STUDENTS ENROLLED IN HOSPITALITY MANAGEMENT PROGRAMS AT SAN FRANCISCO COLLEGES AND UNIVERSITIES AND(B) BY SPONSORING AND PROMOTING EDUCATIONAL OPPORTUNITIES FOR THE INDUSTRY.

  • MARKETING CONFERENCE - 3/27/2024 - HOSTED AT SAN FRANCISCO MUSEUM OF MODERN ARTVISITOR IMPACT SUMMIT - 9/24/2024. HOSTED AT THE W SAN FRANCISCOHOSPITALITY SCHOLARSHIP AWARDED AT THE BOARD MEETING - 12/11/2024

    Expenses $60,925 · Revenue $89,278

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

Listed in Part VII

  • JOSEPH D'ALESSANDRO

    PRESIDENT, CEO (THRU 01/24)

    Total calculated
    $1,174,083
    From this org
    $0
    From related orgs
    $1,169,154
    Other
    $4,929
    Hours/week
    2 + 37.5 related

    Schedule J breakdown matched by us

    Base
    $0 + $452,262 related
    Bonus
    $0 + $716,892 related
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $0 + $4,929 related
    Filer's total
    $0 + $1,174,083 related

  • SCOTT BECK

    PRESIDENT, CEO (THRU 05/24)

    Total calculated
    $590,455
    From this org
    $0
    From related orgs
    $575,899
    Other
    $14,556
    Hours/week
    2 + 37.5 related

    Schedule J breakdown matched by us

    Base
    $0 + $230,066 related
    Bonus
    $0
    Other
    $0 + $345,833 related
    Deferred
    $0
    Nontaxable benefits
    $0 + $14,556 related
    Filer's total
    $0 + $590,455 related

  • PAUL FRENTSOS

    EVP, COO (THRU 07/24)

    Total calculated
    $392,234
    From this org
    $0
    From related orgs
    $341,344
    Other
    $50,890
    Hours/week
    2 + 37.5 related

    Schedule J breakdown matched by us

    Base
    $0 + $219,021 related
    Bonus
    $0 + $42,389 related
    Other
    $0 + $79,934 related
    Deferred
    $0 + $33,084 related
    Nontaxable benefits
    $0 + $17,806 related
    Filer's total
    $0 + $392,234 related

  • ANNA MARIE PRESUTTI

    PRESIDENT/CEO (START 09/24)

    Total calculated
    $173,261
    From this org
    $0
    From related orgs
    $169,394
    Other
    $3,867
    Hours/week
    2 + 37.5 related

    Schedule J breakdown matched by us

    Base
    $0 + $169,394 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $0 + $3,867 related
    Filer's total
    $0 + $173,261 related

  • TINA WU

    EVP, CFO (THRU 02/24)

    Total calculated
    $79,802
    From this org
    $0
    From related orgs
    $72,799
    Other
    $7,003
    Hours/week
    2 + 37.5 related

  • RANDY REYNOSE

    CHAIR

    Total calculated
    $0
    Hours/week
    2 + 2 related

  • SANDRA FLETCHER

    TREASURER

    Total calculated
    $0
    Hours/week
    2 + 2 related

  • GAIL HUNTER

    SECRETARY

    Total calculated
    $0
    Hours/week
    2 + 2 related

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

None.

Answered no

  • 4a · Severance or change-of-control payment
  • 4b · Supplemental nonqualified retirement plan
  • 4c · Equity-based compensation arrangement
  • 5a · Pay contingent on this organization's revenues
  • 5b · Pay contingent on a related organization's revenues
  • 6a · Pay contingent on this organization's net earnings
  • 6b · Pay contingent on a related organization's net earnings
  • 7 · Other non-fixed payments
  • 8 · Paid under the initial-contract exception

The filer's explanations (Part III)

PART I, LINE 3
ALL SAN FRANCISCO TRAVEL FOUNDATION OFFICERS ARE COMPENSATED BY ITS RELATED ORGANIZATION, SAN FRANCISCO TRAVEL ASSOCIATION. OFFICERS SALARIES ARE REVIEWED AND APPROVED BY THE COMPENSATION COMMITTEE. COMPENSATION OF THESE PERSONS ARE DETERMINED BY USING DATA SUCH AS COMPARABLE COMPENSATION FOR SIMILARLY QUALIFIED PERSONS IN FUNCTIONALLY COMPARABLE POSITIONS AT SIMILARLY SITUATED ORGANIZATIONS. THE ORGANIZATION KEEPS DOCUMENTATION WITH RESPECT TO THE ABOVE PROCESS.

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

No itemized grants to organizations on this return.

Related organizations on this return

Schedule R Part II: tax-exempt organizations related to the filer by control. It does not record shared board members or money.

Provenance

Return type
form_990
Tax year
2024
Filed
12 November 2025
IRS schema version
2024v5.2
Source object
202513179349305541

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