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Nonprofiteer
← SAN FRANCISCO TRAVEL FOUNDATION

Form 990 for tax year 2022

Filed by SAN FRANCISCO TRAVEL FOUNDATION.

Totals

Total revenue
$21,761
Total expenses
$30,530
Contributions and grants received
$0
Grants paid
$0
Program service revenue
$21,761
Investment income
$0
Other revenue
$0
Total assets, end of year
$447,334
Total liabilities, end of year
$0
Net assets or fund balances, end of year
$447,334
Program services expenses (Part IX)
$30,012
Management and general expenses
$518
Fundraising expenses
$0
Program service expenses (Part III)
$30,012

Program services were 98.3% 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.

  • 2a · Program service revenue: EDUCATIONAL PROGRAMS

    total $21,761 · related or exempt $21,761

Functional expenses

Part IX, the statement of functional expenses.

  • 11b · Fees: legal

    total $518 · management and general $518

  • 12 · Advertising and promotion

    total $29,987 · program services $29,987

  • 23 · Insurance

    total $25 · program services $25

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $57,649 · end of year $141,760

  • 12 · Investments: other securities

    beginning of year $398,454 · end of year $305,574

  • 27 · Net assets without donor restrictions

    beginning of year $456,103 · end of year $447,334

Mission and programs · 2022

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.

  • Withheld by Nonprofiteer: this text may name a private individual.

    Expenses $30,012 · Revenue $21,761

As filed on the 2022 return. The filer continues this part on Schedule O, which is not shown here. A text marked withheld matched a screen for wording that may name a private individual, such as an honorific or "in memory of". Most of what it withholds names no one; it is withheld so that what does is never shown.

Listed in Part VII

  • Jon Kimball

    CHAIR

    Total calculated
    $0
    Hours/week
    2 + 2 related

  • Terry Lewis

    VICE-CHAIR

    Total calculated
    $0
    Hours/week
    2 + 2 related

  • Randy Reynoso

    SECRETARY/TREASURER

    Total calculated
    $0
    Hours/week
    2 + 2 related

  • Joseph D'Alessandro

    PRESIDENT, CEO

    Total calculated
    $964,880
    From this org
    $0
    From related orgs
    $851,480
    Other
    $113,400
    Hours/week
    2 + 37.5 related

    Schedule J breakdown matched by us

    Base
    $0 + $621,103 related
    Bonus
    $0 + $230,377 related
    Other
    $0
    Deferred
    $0 + $54,220 related
    Nontaxable benefits
    $0 + $59,180 related
    Filer's total
    $0 + $964,880 related

  • Tina Wu

    EVP, CFO

    Total calculated
    $419,514
    From this org
    $0
    From related orgs
    $333,629
    Other
    $85,885
    Hours/week
    2 + 37.5 related

    Schedule J breakdown matched by us

    Base
    $0 + $292,099 related
    Bonus
    $0 + $41,530 related
    Other
    $0
    Deferred
    $0 + $43,843 related
    Nontaxable benefits
    $0 + $42,042 related
    Filer's total
    $0 + $419,514 related

  • Paul Frentsos

    EVP, COO

    Total calculated
    $389,101
    From this org
    $0
    From related orgs
    $319,771
    Other
    $69,330
    Hours/week
    2 + 37.5 related

    Schedule J breakdown matched by us

    Base
    $0 + $280,434 related
    Bonus
    $0 + $39,337 related
    Other
    $0
    Deferred
    $0 + $42,425 related
    Nontaxable benefits
    $0 + $26,905 related
    Filer's total
    $0 + $389,101 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
2022
Filed
2 November 2023
IRS schema version
2022v5.0
Source object
202313129349300201

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

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