Foundation Of The International Association Of Convention And
- Assets
- $1.2m
- Revenue
- $964.8k
- Investments
- $0.0
- Employees
- 0
- Location
- Washington, DC
- Founding
- 01/1994
- Data as of
- 12/2021
- EIN
- 62-1527945
Organization Overview
Foundation Of The International Association Of Convention And, operating under the name Destination & Travel Foundation, is located in Washington, DC. The organization was established in 1994. According to its NTEE Classification (T99) the organization is classified as: Philanthropy, Voluntarism & Grantmaking Foundations N.E.C., under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Destination & Travel Foundation is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2021, Destination & Travel Foundation generated $964.8k in total revenue. The organization has seen a slow decline revenue. Over the past 7 years, revenues have fallen by an average of (2.8%) each year. All expenses for the organization totaled $279.0k during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (21.8%) per year over the past 7 years. 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
TO ENHANCE THE DESTINATION MARKETING PROFESSION.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE DESTINATIONS INTERNATIONAL FOUNDATION IS A NONPROFIT ORGANIZATION DEDICATED TO EMPOWERING DESTINATIONS GLOBALLY BY PROVIDING THOUGHT LEADERSHIP, TOOLS AND SOLUTIONS FOR DESTINATIONS INTERNATIONAL ASSOCIATION MEMBERSHIP AND INCUBATE FUTURE PRODUCTS OR PROGRAMS THAT WILL HELP THE INDUSTRY. OUR CURRENT FOCUS IS IN THE AREAS OF ADVOCACY AND RESEARCH; EQUITY, DIVERSITY AND INCLUSION; TALENT AND WORKFORCE DEVELOPMENT AND GLOBAL OUTREACH.IN 2021, THE FOUNDATION CELEBRATED THE 11TH YEAR OF THE 30 UNDER 30 PROGRAM BY HELPING FUTURE LEADERS IN THREE COUNTRIES GAIN VALUABLE NETWORKING OPPORTUNITIES AND LEADERSHIP THROUGHOUT THE YEAR. THE MEMBERS OF THE 30 UNDER 30 CLASS ATTENDED THE ANNUAL CONVENTION IN PERSON IN BALTIMORE AND PARTICIPATED IN NUMEROUS VIRTUAL EDUCATIONAL OPPORTUNITIES THROUGHOUT THE YEAR. THE FOUNDATION UPDATED THE UNITED STATES, CANADA AND AUSTRALIA TOURISM LEXICONS TO ASSIST MEMBERS' COMMUNICATIONS WITH THEIR COMMUNITIES. THE FOUNDATION CONTINUED TO FOSTER THE OPPORTUNITY FOR OUR MEMBERS TO ENGAGE WITH EACH OTHER GLOBALLY THROUGH OUR GLOBAL LEADERSHIP COMMITTEE.ALSO, THE FOUNDATION CONTINUED TO SET INDUSTRY STANDARDS THROUGH THE DESTINATION ORGANIZATION PERFORMANCE REPORTING PLATFORM AND IDENTIFIED THE KEY CHALLENGES AND TRENDS OF THE TRAVEL AND TOURISM INDUSTRY THROUGH PULSE SURVEYS AND BY BUILDING UPON PRODUCTS SUCH AS THE EVENT IMPACT CALCULATOR.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Groh John Director | OfficerTrustee | 1 | $0 |
Lambeth John Immediate Past Chair (thru 06/21) | OfficerTrustee | 1 | $0 |
Percy John Secretary/treasurer/chair | OfficerTrustee | 1 | $0 |
Ross Vail Chair Elect | OfficerTrustee | 1 | $0 |
Dixon Fred Secretary/treasurer (from 07/21) | OfficerTrustee | 1 | $0 |
Jack Johnson Executive Director | Officer | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $12,279 |
| Related organizations | $0 |
| Government grants | $77,035 |
| All other contributions, gifts, grants, and similar amounts not included above | $863,831 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $953,145 |
| Total Program Service Revenue | $0 |
| Investment income | $11,702 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| 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 | $964,847 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $112,750 |
| 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. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $30,497 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $175 |
| Fees for services: Other | $5,000 |
| Advertising and promotion | $0 |
| Office expenses | $503 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $949 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $120,231 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $1,558 |
| All other expenses | $0 |
| Total functional expenses | $279,004 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $767,505 |
| Savings and temporary cash investments | $25,174 |
| Pledges and grants receivable | $45,000 |
| Accounts receivable, net | $44,119 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $129 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $329,478 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $1,211,405 |
| Accounts payable and accrued expenses | $7,032 |
| Grants payable | $0 |
| Deferred revenue | $47,559 |
| 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 | $0 |
| Other liabilities | $59,881 |
| Total liabilities | $114,472 |
| Net assets without donor restrictions | $677,451 |
| Net assets with donor restrictions | $419,482 |
| 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 | $1,211,405 |
Grants Awarded
Over the last fiscal year, Foundation Of The International Association Of Convention And has awarded $352,000 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
Washington, DC PURPOSE: GRANT TO SUPPORT THE TRAVEL INDUSTRY PROJECTS | $343,500 |
Washington, DC PURPOSE: ECM SCHOLARSHIPS | $8,500 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Foundation Of The International Association Of Convention And has recieved totaling $100,000.
| Awarding Organization | Amount |
|---|---|
Collinson Fam Foundation Peachtree Corners, GA PURPOSE: UNRESTRICTED | $100,000 |
Endowment Analysis
| Beg. Balance | $137,398 |
| Earnings | $9,945 |
| Net Contributions | $85,000 |
| Ending Balance | $232,343 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
International Planned Parenthood Federation - Worldwide Inc Washington, DC | $12,892,390 | $8,172,775 |
International Initiative For Impact Evaluation Inc Washington, DC | $36,732,624 | $4,478,166 |
Washington Lawyers Committee For Civil Rights & Urban Affairs Washington, DC | $6,938,100 | $7,098,758 |
Adira Foundation Richmond, VA | $46,085 | $190,912 |
Tudor Place Foundation Inc Washington, DC | $3,166,856 | $2,256,203 |
The Beirne Carter Foundation Richmond, VA | $25,189,504 | $3,003,577 |
Nada Foundation Tysons, VA | $20,736,330 | $5,973,378 |
National Taxpayers Union Foundation Washington, DC | $4,764,354 | $2,191,113 |
Center For Energy Workforcedevelopment Washington, DC | $1,886,153 | $1,954,932 |
The Trinity Forum Inc Washington, DC | $1,238,324 | $1,555,355 |
Bay Area Center For Independent Living Inc Salisbury, MD | $2,049,220 | $1,537,064 |
Gemach Chessed Inc Baltimore, MD | $65,739 | $1,085,017 |