Form 990 for tax year 2023
Filed by DESTINATION & TRAVEL FOUNDATION.
Totals
- Total revenue
- $1,297,712
- Total expenses
- $921,014
- Contributions and grants received
- $1,140,146
- Grants paid
- $688,377
- Program service revenue
- $0
- Investment income
- $18,841
- Other revenue
- $138,725
- Total assets, end of year
- $2,206,264
- Total liabilities, end of year
- $247,693
- Net assets or fund balances, end of year
- $1,958,571
- Program services expenses (Part IX)
- $792,597
- Management and general expenses
- $123,261
- Fundraising expenses
- $5,156
- Program service expenses (Part III)
- $792,597
Program services were 86.1% 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
$1,140,146
-
3 · Investment income
total $18,841 · excluded $18,841
-
8a · Fundraising events: gross income
$190,971
-
8b · Fundraising events: direct expenses
$52,246
-
8c · Net income from fundraising events
total $138,725 · excluded $138,725
Functional expenses
Part IX, the statement of functional expenses.
-
1 · Grants to domestic organizations and governments
total $688,377 · program services $688,377
-
11b · Fees: legal
total $2,379 · management and general $2,379
-
11c · Fees: accounting
total $38,000 · management and general $38,000
-
11f · Fees: investment management
total $7,561 · management and general $7,561
-
11g · Fees: other
total $5,964 · management and general $1,670 · fundraising $4,294
-
13 · Office expenses
total $13,546 · program services $12,279 · management and general $405 · fundraising $862
-
17 · Travel
total $8,560 · program services $7,617 · management and general $943
-
24a · Other expenses: MEETINGS
total $114,737 · program services $54,934 · management and general $59,803
-
24b · Other expenses: EDUCATION AND SCHOLARSH
total $29,390 · program services $29,390
-
24e · All other expenses
total $12,500 · management and general $12,500
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $895,292 · end of year $1,509,062
-
4 · Accounts receivable
beginning of year $205,626 · end of year $145,319
-
11 · Investments: publicly traded securities
beginning of year $475,093 · end of year $551,883
-
17 · Accounts payable and accrued expenses
beginning of year $7,922 · end of year $1,500
-
19 · Deferred revenue
beginning of year $26,791 · end of year $31,725
-
25 · Other liabilities
beginning of year $24,935 · end of year $214,468
-
27 · Net assets without donor restrictions
beginning of year $972,827 · end of year $1,391,927
-
28 · Net assets with donor restrictions
beginning of year $543,536 · end of year $566,644
Mission and programs · 2023
Mission
TO ANALYZE, IDENTIFY, AND FULFILL THE EDUCATIONAL NEEDS OF THOSE WHO ARE INTERESTED OR ENGAGED IN THE PROFESSION OF DESTINATION MANAGEMENT AND TO CONDUCT STUDIES AND OBTAIN AND DISSEMINATE DATA RELATING TO DESTINATION MANAGEMENT AND DESTINATION CLIENTS; TO PRODUCE AND DISTRIBUTE SUCH FINDINGS.
Activities or mission (Part I)
TO ENHANCE THE DESTINATION MARKETING PROFESSION.
-
RESEARCH: THE FOUNDATION IS THE LARGEST FUNDER OF OUR RESEARCH TO DEVELOP A BETTER UNDERSTANDING OF OUR INDUSTRY AND THE ENVIRONMENT WE OPERATE IN; WE ARE COMMITTED TO EXPLORATION. WE SET INDUSTRY STANDARDS THROUGH DESTINATION ORGANIZATION PERFORMANCE REPORTING, COMPENSATION AND BENEFITS STUDY, AND STANDARD PERFORMANCE REPORTING STUDIES. WE IDENTIFY TRENDS AND OPPORTUNITIES THROUGH OUR DESTINATIONNEXT FUTURES STUDY, AS WELL AS CURRENT THREATS THROUGH STUDIES LIKE OUR TRAVEL BANS AND BOYCOTT STUDIES. WE BUILD FOUNDATIONS FOR TOOLS SUCH AS THE EVENT IMPACT CALCULATOR, THE DESTINATIONNEXT ASSESSMENT & PLANNING TOOL AND THE SOCIAL IMPACT ASSESSMENT TOOL.
Expenses $612,863 · Grants $612,863
-
EDUCATIONAL AND SCHOLARSHIPS
Expenses $179,734 · Grants $75,514
-
EQUITY, DIVERSITY AND INCLUSION
As filed on the 2023 return. The filer continues this part on Schedule O, which is not shown here.
Listed in Part VII
-
Aedo RolandoAEDO ROLANDO
MEMBER
- Total calculated
- $0
- Hours/week
- 0 + 1 related
-
Areng ReneeARENG RENEE
MEMBER
- Total calculated
- $0
- Hours/week
- 0 + 1 related
-
Bachar JeradBACHAR JERAD
MEMBER
- Total calculated
- $0
- Hours/week
- 0 + 1 related
-
Burke AdamBURKE ADAM
MEMBER
- Total calculated
- $0
- Hours/week
- 0 + 1 related
-
Clarke VictoriaCLARKE VICTORIA
MEMBER (FROM 7/1/2023)
- Total calculated
- $0
- Hours/week
- 0 + 1 related
-
Deluce JayneDELUCE JAYNE
MEMBER
- Total calculated
- $0
- Hours/week
- 0 + 1 related
-
Eylon AmirEYLON AMIR
MEMBER
- Total calculated
- $0
- Hours/week
- 0 + 1 related
-
Geist BillGEIST BILL
MEMBER
- Total calculated
- $0
- Hours/week
- 0 + 1 related
-
Henderson KellieHENDERSON KELLIE
MEMBER
- Total calculated
- $0
- Hours/week
- 0 + 1 related
-
Ireland Jessica DawnIRELAND JESSICA DAWN
MEMBER (FROM 7/1/2023)
- Total calculated
- $0
- Hours/week
- 0 + 1 related
-
Jackson James From 712023JACKSON JAMES FROM 712023
MEMBER (FROM 7/1/2023)
- Total calculated
- $0
- Hours/week
- 0 + 1 related
-
John LindaJOHN LINDA
MEMBER
- Total calculated
- $0
- Hours/week
- 0 + 1 related
-
Kilday CherylKILDAY CHERYL
MEMBER (TO 6/30/2023)
- Total calculated
- $0
- Hours/week
- 0 + 1 related
-
Maruyama YoshikoMARUYAMA YOSHIKO
MEMBER
- Total calculated
- $0
- Hours/week
- 0 + 1 related
-
Mason MichelleMASON MICHELLE
MEMBER (TO 6/30/2023)
- Total calculated
- $0
- Hours/week
- 0 + 1 related
-
Michaels AlexanderMICHAELS ALEXANDER
MEMBER
- Total calculated
- $0
- Hours/week
- 0 + 1 related
-
Nelson AngelaNELSON ANGELA
MEMBER
- Total calculated
- $0
- Hours/week
- 0 + 1 related
-
Nursey PaulNURSEY PAUL
MEMBER
- Total calculated
- $0
- Hours/week
- 0 + 1 related
-
O'Donnell KatherineO'DONNELL KATHERINE
MEMBER
- Total calculated
- $0
- Hours/week
- 0 + 1 related
-
O'Leary ToddO'LEARY TODD
MEMBER (FROM 7/1/2023)
- Total calculated
- $0
- Hours/week
- 0 + 1 related
-
Paganelli StevenPAGANELLI STEVEN
MEMBER
- Total calculated
- $0
- Hours/week
- 0 + 1 related
-
Percy JohnPERCY JOHN
MEMBER
- Total calculated
- $0
- Hours/week
- 0 + 1 related
-
Ritter StacyRITTER STACY
MEMBER
- Total calculated
- $0
- Hours/week
- 0 + 1 related
-
Ross VailROSS VAIL
MEMBER
- Total calculated
- $0
- Hours/week
- 0 + 1 related
-
Seccombe WilliamSECCOMBE WILLIAM
MEMBER (TO 6/30/2023)
- Total calculated
- $0
- Hours/week
- 0 + 1 related
-
Sheridan MarthaSHERIDAN MARTHA
MEMBER
- Total calculated
- $0
- Hours/week
- 0 + 1 related
-
Val AngelaVAL ANGELA
MEMBER
- Total calculated
- $0
- Hours/week
- 0 + 1 related
-
Westman Chin EllieWESTMAN CHIN ELLIE
MEMBER
- Total calculated
- $0
- Hours/week
- 0 + 1 related
-
Bach KimBACH KIM
SENIOR DIRECTOR OF PARTNERSHIP
- Total calculated
- $119,688
- From this org
- $0
- From related orgs
- $119,688
- Other
- $0
- Hours/week
- 1 + 40 related
-
Blizzard CaitlynBLIZZARD CAITLYN
VP, COMMUNICATIONS
- Total calculated
- $116,381
- From this org
- $0
- From related orgs
- $116,381
- Other
- $0
- Hours/week
- 1 + 40 related
-
Borden GathanBORDEN GATHAN
SR VP OF MARKETING
- Total calculated
- $185,744
- From this org
- $0
- From related orgs
- $185,744
- Other
- $0
- Hours/week
- 1 + 40 related
Schedule J breakdown matched by us
- Base
- $0 + $170,422 related
- Bonus
- $0 + $5,156 related
- Other
- $0 + $10,166 related
- Deferred
- $0
- Nontaxable benefits
- $0
- Filer's total
- not reported
-
Ferensic RoriFERENSIC RORI
SVP, PROFESSIONAL DEVELOPMENT
- Total calculated
- $176,402
- From this org
- $0
- From related orgs
- $176,402
- Other
- $0
- Hours/week
- 1 + 40 related
Schedule J breakdown matched by us
- Base
- $0 + $137,746 related
- Bonus
- $0 + $12,656 related
- Other
- $0 + $26,000 related
- Deferred
- $0
- Nontaxable benefits
- $0
- Filer's total
- not reported
-
Hall GretchenHALL GRETCHEN
CHIEF OPERATING OFFICER
- Total calculated
- $326,873
- From this org
- $0
- From related orgs
- $326,873
- Other
- $0
- Hours/week
- 1 + 40 related
Schedule J breakdown matched by us
- Base
- $0 + $247,355 related
- Bonus
- $0 + $43,312 related
- Other
- $0 + $36,206 related
- Deferred
- $0
- Nontaxable benefits
- $0
- Filer's total
- not reported
-
Hanner Richardson PamHANNER RICHARDSON PAM
VP OF INFORMATION TECHNOLOGY
- Total calculated
- $170,787
- From this org
- $0
- From related orgs
- $170,787
- Other
- $0
- Hours/week
- 1 + 40 related
Schedule J breakdown matched by us
- Base
- $0 + $153,645 related
- Bonus
- $0 + $14,062 related
- Other
- $0 + $3,080 related
- Deferred
- $0
- Nontaxable benefits
- $0
- Filer's total
- not reported
-
Heath BeckyHEATH BECKY
VP OF FINANCE
- Total calculated
- $175,424
- From this org
- $0
- From related orgs
- $175,424
- Other
- $0
- Hours/week
- 1 + 40 related
Schedule J breakdown matched by us
- Base
- $0 + $149,971 related
- Bonus
- $0 + $13,532 related
- Other
- $0 + $11,921 related
- Deferred
- $0
- Nontaxable benefits
- $0
- Filer's total
- not reported
-
Hock SophiaHOCK SOPHIA
CHIEF INCLUSION OFFICER
- Total calculated
- $244,359
- From this org
- $0
- From related orgs
- $244,359
- Other
- $0
- Hours/week
- 1 + 40 related
Schedule J breakdown matched by us
- Base
- $0 + $177,742 related
- Bonus
- $0 + $39,062 related
- Other
- $0 + $27,555 related
- Deferred
- $0
- Nontaxable benefits
- $0
- Filer's total
- not reported
-
Johnson JackJOHNSON JACK
CHIEF ADVOCACY OFFICER
- Total calculated
- $333,438
- From this org
- $0
- From related orgs
- $333,438
- Other
- $0
- Hours/week
- 1 + 40 related
Schedule J breakdown matched by us
- Base
- $0 + $240,133 related
- Bonus
- $0 + $56,057 related
- Other
- $0 + $37,248 related
- Deferred
- $0
- Nontaxable benefits
- $0
- Filer's total
- not reported
-
Morris ErnstMORRIS ERNST
VP, MEETINGS & EVENTS
- Total calculated
- $132,496
- From this org
- $0
- From related orgs
- $132,496
- Other
- $0
- Hours/week
- 1 + 40 related
-
Scheiderer EmilySCHEIDERER EMILY
SENIOR DIRECTOR OF EDUCATION, SALES & SERVICES
- Total calculated
- $120,620
- From this org
- $0
- From related orgs
- $120,620
- Other
- $0
- Hours/week
- 1 + 40 related
-
Seder GabrielSEDER GABRIEL
VP, GLOBAL DEVELOPMENT
- Total calculated
- $144,989
- From this org
- $0
- From related orgs
- $144,989
- Other
- $0
- Hours/week
- 1 + 40 related
Schedule J breakdown matched by us
- Base
- $0 + $113,918 related
- Bonus
- $0 + $10,312 related
- Other
- $0 + $20,759 related
- Deferred
- $0
- Nontaxable benefits
- $0
- Filer's total
- not reported
-
Weissenborn AndreasWEISSENBORN ANDREAS
VP, RESEARCH & ADVOCACY
- Total calculated
- $142,246
- From this org
- $0
- From related orgs
- $142,246
- Other
- $0
- Hours/week
- 1 + 40 related
Schedule J breakdown matched by us
- Base
- $0 + $123,961 related
- Bonus
- $0 + $11,212 related
- Other
- $0 + $7,073 related
- Deferred
- $0
- Nontaxable benefits
- $0
- Filer's total
- not reported
-
Welsh DonaldWELSH DONALD
PRESIDENT & CEO
- Total calculated
- $785,618
- From this org
- $0
- From related orgs
- $785,618
- Other
- $0
- Hours/week
- 1 + 40 related
Schedule J breakdown matched by us
- Base
- $0 + $530,066 related
- Bonus
- $0 + $205,779 related
- Other
- $0 + $49,773 related
- Deferred
- $0
- Nontaxable benefits
- $0
- Filer's total
- not reported
-
Welter ChelseaWELTER CHELSEA
SVP, GOVERNANCE & ADMINISTRATION
- Total calculated
- $176,175
- From this org
- $0
- From related orgs
- $176,175
- Other
- $0
- Hours/week
- 1 + 40 related
Schedule J breakdown matched by us
- Base
- $0 + $148,871 related
- Bonus
- $0 + $12,512 related
- Other
- $0 + $14,792 related
- Deferred
- $0
- Nontaxable benefits
- $0
- Filer's total
- not reported
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
- 3 · Compensation committee
- 3 · Form 990 of other organizations
- 3 · Written employment contract
- 3 · Compensation survey or study
- 3 · Approval by the board or compensation committee
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
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
-
RESEARCH & ADVOCACY
-
VIRGINIA STATE UNIVERSITY
$16,000
SCHOLARSHIP
-
LIVINGSTONE COLLEGE
$8,000
S
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.
-
501(C)(6) · ADVOCATES FOR DESTINATION MARKETING ORGANIZATIONS WORLDWIDE · DC
Provenance
- Return type
- form_990
- Tax year
- 2023
- Filed
- 12 November 2024
- IRS schema version
- 2023v5.1
- Source object
- 202443209349306579
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