Totals
- Total revenue
- $2,015,370
- Total expenses
- $1,978,054
- Contributions and grants received
- $1,437,990
- Grants paid
- $0
- Program service revenue
- $0
- Investment income
- $31,111
- Other revenue
- $546,269
- Total assets, end of year
- $1,593,195
- Total liabilities, end of year
- $100,460
- Net assets or fund balances, end of year
- $1,492,735
- Program services expenses (Part IX)
- $1,159,741
- Management and general expenses
- $793,678
- Fundraising expenses
- $24,635
- Program service expenses (Part III)
- $1,159,741
Program services were 58.6% 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.
-
1c · Fundraising events
$1,280,945
-
1f · All other contributions, gifts and grants
$157,045
-
3 · Investment income
total $31,111 · excluded $31,111
-
8a · Fundraising events: gross income
$546,269
-
8a · Fundraising events: contributions included on line 1c
$1,280,945
-
8b · Fundraising events: direct expenses
$0
-
8c · Net income from fundraising events
total $546,269 · excluded $546,269
Functional expenses
Part IX, the statement of functional expenses.
-
11a · Fees: management
total $786,713 · management and general $786,713
-
11f · Fees: investment management
total $6,965 · management and general $6,965
-
19 · Conferences, conventions and meetings
total $879,942 · program services $879,942
-
24a · Other expenses: Education
total $279,799 · program services $279,799
-
24b · Other expenses: Fundraising
total $24,635 · fundraising $24,635
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $556,072 · end of year $474,718
-
2 · Savings and temporary cash investments
beginning of year $54,627 · end of year $54,627
-
4 · Accounts receivable
end of year $12,000
-
11 · Investments: publicly traded securities
beginning of year $829,367 · end of year $1,051,850
-
15 · Other assets
beginning of year $52,232 · end of year $0
-
17 · Accounts payable and accrued expenses
beginning of year $52,257 · end of year $60,627
-
19 · Deferred revenue
beginning of year $70,000 · end of year $8,500
-
25 · Other liabilities
beginning of year $99 · end of year $31,333
-
27 · Net assets without donor restrictions
beginning of year $1,309,714 · end of year $1,438,108
-
28 · Net assets with donor restrictions
beginning of year $60,228 · end of year $54,627
Mission and programs · 2023
Mission
The organization's primary goal is to develop fundraising initiatives resulting in donations from individuals, corporations, and industry organizations to facilitate research, trend analysis, and educational program support for the incentive and travel professional.
Activities or mission (Part I)
To keep members informed as to new developments in the industry.
-
Conventions and Meetings - Opportunity for members to gather & discuss new developments in the industry & share ideas for improvements.
Expenses $879,942
-
Education - Supporting SITE curriculum for members to improve in areas such as the business care for incentive travel, selling to the incentive market, and managing incentive travel programs.
Expenses $279,799
As filed on the 2023 return.
Listed in Part VII
-
Hamish Reid
President
- Total calculated
- $0
- Hours/week
- 3
-
Stan Hershenow
President-Elect
- Total calculated
- $0
- Hours/week
- 3
-
Kevin Regan
Immediate Past President
- Total calculated
- $0
- Hours/week
- 3
-
Rhonda Brewer
VP Governance
- Total calculated
- $0
- Hours/week
- 3
-
Jonathan Richards
VP Finance
- Total calculated
- $0
- Hours/week
- 3
-
Amy Riley
VP Fundraising
- Total calculated
- $0
- Hours/week
- 3
-
Kim Napolitano
Trustee
- Total calculated
- $0
- Hours/week
- 3
-
Meg Pisani
Trustee
- Total calculated
- $0
- Hours/week
- 3
-
Selina Sinclair
Trustee
- Total calculated
- $0
- Hours/week
- 3
-
Dave Weaver
Trustee
- Total calculated
- $0
- Hours/week
- 3
-
Michael Dalton
Trustee
- Total calculated
- $0
- Hours/week
- 3
-
Annette Gregg
CEO
- Total calculated
- $0
- Hours/week
- 3
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.
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.
-
Society for Incentive Travel Excellence
501(c)(6) · Provides informational services to those in the incentive travel industry · IL
Directly controlled by Society of Incentive Travel Excellence
Provenance
- Return type
- form_990
- Tax year
- 2023
- Filed
- 14 November 2024
- IRS schema version
- 2023v5.1
- Source object
- 202423209349307077
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