American Society Of Travel Advisors Inc
- Assets
- $10.7m
- Revenue
- $6.6m
- Investments
- $1.0k
- Employees
- 29
- Location
- Alexandria, VA
- Founding
- 05/1971
- Data as of
- 12/2021
- EIN
- 13-0434364
Organization Overview
American Society Of Travel Advisors Inc is located in Alexandria, VA. The organization was established in 1971. According to its NTEE Classification (S41) the organization is classified as: Chambers of Commerce & Business Leagues, under the broad grouping of Community Improvement & Capacity Building and related organizations. As of 12/2021, American Society Of Travel Advisors Inc employed 29 individuals. This organization is a parent organization of an affiliated group for tax-exemption purposes. American Society Of Travel Advisors Inc is a 501(c)(6) and as such, is described as a "Business League, Chambers of Commerce, or Real Estate Board" by the IRS.
For the year ending 12/2021, American Society Of Travel Advisors Inc generated $6.6m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 5.6% each year. All expenses for the organization totaled $5.8m during the year ending 12/2021. While expenses have increased by 6.5% per year over the past 7 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
PROMOTE SHARED INTEREST OF TRAVEL SALES PROFESSIONALS
Describe the Organization's Program Activity:
Part 3 - Line 4a
MEETINGS AND CONVENTIONS - ASTA HOLDS AN ASTA GLOBAL CONVENTION ANNUALMEETING AND TRADE SHOW WHICH OFFERS EDUCATION PROGRAMS FOR ALL SELLERSOF TRAVEL. THE TRADE SHOW PROVIDES NETWORKING OPPORTUNITIES FOR ALLSELLERS OF TRAVEL AND THE TRAVEL SUPPLIERS. THE MEETING DRAWSAPPROXIMATELY 1,000 ATTENDEES. ADDITIONALLY IN 2021, THE ORGANIZATION HELD PREMIUM BUSINESS SUMMIT AND A LEGISLATIVE DAY.
TRAVEL INDUSTRY SUPPORT - ASTA PROVIDES TRAVEL ADVISORS WITH VITALINFORMATION NEEDED TO MANAGE THEIR BUSINESS. ASTA KEEPS TRAVEL ADVISORSINFORMED OF INDUSTRY STANDARDS AND ISSUES, PROVIDES MARKET RESEARCH, AND COMMUNICATES CHANGES AFFECTING TRAVEL ADVISORS. ASTA WORKS WITHVARIOUS GOVERNMENTAL AGENCIES INCLUDING DEPARTMENT OF TRANSPORTATIONAND TSA TO PROMOTE THE INTERESTS OF THE INDUSTRY AND THE TRAVELLING PUBLIC. ASTA SUPPORTS DAILY INDUSTRY UPDATES THROUGH ASTA TRAVEL ADVISOR DAILY WHICH IS AVAILABLE AT NO COST TO THE TRAVEL INDUSTRY AND TRAVELLING PUBLIC. ASTA INTRODUCED THE VERIFIED TRAVEL ADVISOR CERTIFICATION PROGRAM IN 2017. THIS CERTIFICATION PROGRAM OFFERS MEMBERS A HIGHER LEVEL OF VERIFIABLE PROFESSIONAL KNOWLEDGE TO THE ADVANCED SELLER OF TRAVEL.
DESTINATION EDUCATION - ASTA PROVIDES INTERNATIONAL DESTINATION TRAINING TO HELP TRAVEL ADVISORS ATTRACT BUSINESS AND INCREASE SALES. THESE COURSES ARE OFFERED AT VARIOUS EVENTS THROUGHOUT THE YEAR, INCLUDING ASTA'S DESTINATION EXPO (WHICH WAS MOVED TO 2021). COURSES HIGHLIGHTING SPECIFIC REGIONS ARE BROUGHT TOGETHER AT AN ANNUAL MEETING WITHIN THAT REGION. THE COURSES DRAW ANYWHERE FROM 50 TO 500 PARTICIPANTS A YEAR.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Zane Kerby President & CEO | Officer | 49 | $483,144 |
Eben Peck Svp, Gov't & Public Affair | Officer | 50 | $252,483 |
Peter Lobasso General Counsel | 50 | $196,703 | |
Mark Meader Sr VP Marketing, Industry | 1 | $154,877 | |
Elizabeth Henry Vice President, Finance | Officer | 47 | $150,955 |
Kelly Bigel Vp, Business Development | 50 | $131,495 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $310,724 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $310,724 |
| Total Program Service Revenue | $5,932,030 |
| Investment income | $236,537 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $55,936 |
| Net Rental Income | $8,880 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $6,551,847 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $7,278 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $1,068,232 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,355,734 |
| Pension plan accruals and contributions | $59,083 |
| Other employee benefits | $212,769 |
| Payroll taxes | $158,342 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $23,200 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $806,088 |
| Advertising and promotion | $38,824 |
| Office expenses | $651,393 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $125,556 |
| Travel | $979,123 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $84,889 |
| Insurance | $42,969 |
| All other expenses | $28,605 |
| Total functional expenses | $5,789,684 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $2,290,550 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $4,154,200 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $300,000 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $242,868 |
| Net Land, buildings, and equipment | $278,647 |
| Investments—publicly traded securities | $2,851,816 |
| Investments—other securities | $1,000 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $539,093 |
| Total assets | $10,658,174 |
| Accounts payable and accrued expenses | $319,887 |
| Grants payable | $0 |
| Deferred revenue | $4,933,666 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $496,567 |
| Other liabilities | $1,088,949 |
| Total liabilities | $6,839,069 |
| Net assets without donor restrictions | $3,819,105 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $10,658,174 |
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