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Nonprofiteer
← CORPORATION FOR TRAVEL PROMOTION

Form 990 for tax year 2023

Filed by CORPORATION FOR TRAVEL PROMOTION.

Totals

Total revenue
$224,546,277
Total expenses
$254,798,872
Contributions and grants received
$213,608,422
Grants paid
$30,500
Program service revenue
$1,119,724
Investment income
$9,813,881
Other revenue
$4,250
Total assets, end of year
$392,563,060
Total liabilities, end of year
$45,175,021
Net assets or fund balances, end of year
$347,388,039
Program services expenses (Part IX)
not reported
Management and general expenses
not reported
Fundraising expenses
not reported
Program service expenses (Part III)
not reported

Listed in Part VII

  • TODD DAVIDSON

    CHAIR

    Total calculated
    $0
    Hours/week
    4

  • DONALD MOORE

    VICE CHAIR

    Total calculated
    $0
    Hours/week
    1

  • KEIKO M ORRALL UNTIL 0124

    VICE CHAIR

    Total calculated
    $0
    Hours/week
    1

  • ELLIOTT FERGUSON

    TREASURER

    Total calculated
    $0
    Hours/week
    1

  • ALLEN ORR

    SECRETARY

    Total calculated
    $0
    Hours/week
    1

  • NOEL I HENSCHEL UNTIL 0124

    SECRETARY

    Total calculated
    $0
    Hours/week
    1

  • LAUREN BAILEY

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • KRISTEN ESPOSITO

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • MARK HOPLAMAZIAN

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • TIM MAPES

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • STEPHANIE YOUNG

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • MIKE MANGEOT AS OF 0124

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • HARI NAIR AS OF 0124

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • CHRISTOPHER L THOMPSON

    CEO & PRESIDENT

    Total calculated
    $834,254
    From this org
    $810,260
    From related orgs
    $0
    Other
    $23,994
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $568,817
    Bonus
    $163,443
    Other
    $78,000
    Deferred
    $7,446
    Nontaxable benefits
    $16,548
    Filer's total
    $834,254

  • DONALD F RICHARDSON

    CHIEF FINANCIAL OFFICER

    Total calculated
    $534,986
    From this org
    $498,401
    From related orgs
    $0
    Other
    $36,585
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $398,691
    Bonus
    $99,710
    Other
    $0
    Deferred
    $10,541
    Nontaxable benefits
    $26,044
    Filer's total
    $534,986

  • AARON WODINSCHWARTZ

    CHIEF CORPORATE AFFAIRS OFFICER

    Total calculated
    $386,876
    From this org
    $354,274
    From related orgs
    $0
    Other
    $32,602
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $282,275
    Bonus
    $71,999
    Other
    $0
    Deferred
    $11,608
    Nontaxable benefits
    $20,994
    Filer's total
    $386,876

  • STACI MELLIMAN

    CHIEF MKTG OFFICER

    Total calculated
    $341,028
    From this org
    $323,857
    From related orgs
    $0
    Other
    $17,171
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $261,457
    Bonus
    $62,400
    Other
    $0
    Deferred
    $12,962
    Nontaxable benefits
    $4,209
    Filer's total
    $341,028

  • JOHN O CONTE

    SVP, GENERAL COUNSEL

    Total calculated
    $305,216
    From this org
    $286,168
    From related orgs
    $0
    Other
    $19,048
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $227,568
    Bonus
    $58,600
    Other
    $0
    Deferred
    $10,230
    Nontaxable benefits
    $8,818
    Filer's total
    $305,216

  • MARK LAPIDUS

    VP, CONTENT & MARKETING TECHNOLOGY

    Total calculated
    $297,132
    From this org
    $266,005
    From related orgs
    $0
    Other
    $31,127
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $211,405
    Bonus
    $54,600
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $31,127
    Filer's total
    $297,132

  • MING SUEY NEWCOMB

    VP, FINANCE & ACCOUNTING

    Total calculated
    $292,111
    From this org
    $270,182
    From related orgs
    $0
    Other
    $21,929
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $215,582
    Bonus
    $54,600
    Other
    $0
    Deferred
    $9,675
    Nontaxable benefits
    $12,254
    Filer's total
    $292,111

  • CASSADY BAILEY

    VP, PARTNER ENGAGEMENT & MARKETING

    Total calculated
    $283,769
    From this org
    $262,203
    From related orgs
    $0
    Other
    $21,566
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $208,923
    Bonus
    $53,280
    Other
    $0
    Deferred
    $9,926
    Nontaxable benefits
    $11,640
    Filer's total
    $283,769

  • ROSINA BARBASTEFANO

    SEN DIRECTOR, INSIGHTS & ANALYTICS

    Total calculated
    $303,084
    From this org
    $258,141
    From related orgs
    $0
    Other
    $44,943
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $201,541
    Bonus
    $56,600
    Other
    $0
    Deferred
    $10,584
    Nontaxable benefits
    $34,359
    Filer's total
    $303,084

  • THOMAS J GARZILLI

    FORMER CHIEF MKTG OFFICER

    Total calculated
    $457,087
    From this org
    $433,886
    From related orgs
    $0
    Other
    $23,201
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $38,474
    Bonus
    $0
    Other
    $395,412
    Deferred
    $2,443
    Nontaxable benefits
    $20,758
    Filer's total
    $457,087

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 · Travel for companions
  • 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 RECEIVED LIMITED HOUSING ALLOWANCE ACCORDING TO THEIR EMPLOYMENT AGREEMENT, WHICH WAS REPORTED AS TAXABLE COMPENSATION ON THE W-2. THE 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.
PART I, LINE 4A
THOMAS J GARZILLI RECEIVED A SEVERANCE PAYMENT OF $395,412.

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
2023
Filed
13 August 2025
IRS schema version
2023v6.0
Source object
202522269349300427

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