Travel Consumer Restitution Corporation
- Assets
- $3.1m
- Revenue
- $291.2k
- Investments
- $0.0
- Employees
- 0
- Location
- Chico, CA
- Founding
- 12/1995
- Data as of
- 06/2022
- EIN
- 95-4527527
Organization Overview
Travel Consumer Restitution Corporation is located in Chico, CA. The organization was established in 1995. According to its NTEE Classification (P61) the organization is classified as: Travelers Aid, under the broad grouping of Human Services and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Travel Consumer Restitution Corporation 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 06/2022, Travel Consumer Restitution Corporation generated $291.2k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (11.1%) each year. All expenses for the organization totaled $189.5k during the year ending 06/2022. As we would expect to see with falling revenues, expenses have declined by (4.7%) 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
RESTITUTION TO AGGRIEVED TRAVELERS
Describe the Organization's Program Activity:
Part 3 - Line 4a
SELLER OF TRAVEL RESTITUTION FUND ASSESSMENTS WERE TIMELY PROCESSED. CLAIMS FOR RESTITUTION WERE RECEIVED FROM PURCHASERS OF TRAVEL AND WERE PROCESSED AND INVESTIGATED. QUALIFIED CLAIMS WERE APPROVED AND PAID. RESTITUTION FROM SELLERS OF TRAVEL FOR CLAIMS PAID WERE SOUGHT AND COLLECTED WHENEVER POSSIBLE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Craig Clark Vice President | OfficerTrustee | 0 | $0 |
Bernhard Steiner President | OfficerTrustee | 0 | $0 |
Patty Thorington Secretary | OfficerTrustee | 0 | $0 |
Marilyn Zelaya Treasurer | OfficerTrustee | 0 | $0 |
Joyce Simmons Executive Dir. | Trustee | 0 | $0 |
Joseph Ragazzo Director | Trustee | 0 | $0 |
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 | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $285,445 |
| Investment income | $5,747 |
| 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 | $291,192 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| 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 | $1,790 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $9,557 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $240 |
| 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 | $0 |
| Insurance | $6,367 |
| All other expenses | $0 |
| Total functional expenses | $189,486 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $259,051 |
| Savings and temporary cash investments | $2,815,227 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| 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 | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $3,074,278 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| 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 | $0 |
| Total liabilities | $0 |
| Net assets without donor restrictions | $3,074,278 |
| 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 | $3,074,278 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Incline Village-Crystal Bay Visitors And Convention Bureau Incline Village, NV | $1,778,485 | $2,279,625 |
Border Angels San Diego, CA | $1,192,627 | $966,532 |
Shasta-Cascade Wonderland Assn Anderson, CA | $699,821 | $942,815 |
Travelers Aid Society Of San Diego Inc San Diego, CA | $308,277 | $505,845 |
Travel Consumer Restitution Corporation Chico, CA | $3,074,278 | $291,192 |
Five Boots Foundation Santa Ana, CA | $0 | $0 |
Travelers Aid Of The Inland Empire Ontario, CA | $155,948 | $0 |
United Commercial Travelers Benevolent Foundation California-N San Jose, CA | $230,376 | $0 |