2025-02-26T13:40:12-06:00 2023-12-31 420714325 RSM US LLP 1001 WATER ST STE 500 TAMPA FL 33602 990 2023-01-01 530231139 US TRAVEL ASSOCIATION USTR 2024088422 1100 NEW YORK AVE NW SUITE 450W WASHINGTON DC 20005 GEOFFREY FREEMAN PRESIDENT & CEO 2024088422 2025-02-26 1 0 KRISTEN BARNETT P01234578 8133162300 2025-02-26 2023 2025-03-06 01:10:19Z X GEOFFREY FREEMAN 1100 NEW YORK AVE NW SUITE 450W WASHINGTON DC 20005 76688102 0 X WWW.USTRAVEL.ORG X 1951 DE THE MISSION OF THE U.S. TRAVEL ASSOCIATION IS TO INCREASE TRAVEL TO AND WITHIN THE UNITED STATES. 30 30 60 209 157090 0 2839136 2384585 26062580 30198370 76161 207216 261630 630333 29239507 33420504 82468 79367 0 0 15431601 16038359 0 0 0 15844755 15967984 31358824 32085710 -2119317 1334794 29227648 30169630 16804181 15623646 12423467 14545984 X THE ASSOCIATION IS ORGANIZED PRINCIPALLY TO REPRESENT THE WHOLE OF THE UNITED STATES TRAVEL INDUSTRY AND TO FACILITATE INCREASED TRAVEL TO AND WITHIN THE UNITED STATES. ACTIVITIES INCLUDE TRADE EVENTS, ADVOCATING ON BEHALF OF THE TRAVEL INDUSTRY, RESEARCH PROJECTS, PUBLICATIONS AND EDUCATIONAL MEETINGS TO SERVICE THE TRAVEL INDUSTRY. 0 0 TRADE SHOWS AND EVENTS - U.S. TRAVEL ASSOCIATION'S IPW IS THE TRAVEL INDUSTRY'S PREMIER INTERNATIONAL MARKETPLACE AND IS THE LARGEST GENERATOR OF INTERNATIONAL TRAVEL TO THE U.S. MORE THAN 900 US TRAVEL ORGANIZATIONS FROM EVERY REGION OF THE USA AND REPRESENTING ALL INDUSTRY CATEGORY COMPONENTS AND OVER 1,300 INTERNATIONAL AND DOMESTIC BUYERS FROM MORE THAN 70 COUNTRIES CONDUCT BUSINESS NEGOTIATIONS THAT RESULT IN THE GENERATION OF $4.7 BILLION IN FUTURE TRAVEL TO THE UNITED STATES. AT IPW, BUYERS AND SELLERS ARE ABLE TO CONDUCT BUSINESS THAT WOULD OTHERWISE BE GENERATED ONLY THROUGH AN EXHAUSTIVE NUMBER OF AROUND-THE-WORLD TRIPS. THE EDUCATIONAL SEMINAR FOR TOURISM ORGANIZATIONS (ESTO) IS THE PREMIER ANNUAL LEARNING AND KNOWLEDGE-SHARING FORUM FOR DESTINATION MARKETING PROFESSIONALS. IT IS UNIQUE IN THAT IT IS CREATED BY AND EXCLUSIVELY FOR THIS SPECIFIC TARGET AUDIENCE. ESTO IS NOT OPEN TO OTHER INDUSTRY SECTORS. ESTO IS THE PLACE WHERE DESTINATION PROFESSIONALS GO TO LEARN ABOUT NEW TOOLS AND TECHNIQUES, SHARE BEST PRACTICES AND DEBATE PRESSING ISSUES AFFECTING DESTINATIONS IN A NON-SALES ENVIRONMENT. GOVERNMENT AFFAIRS - U.S. TRAVEL ASSOCIATION'S NATIONAL ADVOCACY AGENDA FOCUSED ON INCREASING INTERNATIONAL INBOUND TRAVEL AND THE IMPORTANCE OF BUSINESS TRAVEL AND MEETINGS AND EVENTS. THROUGH ITS COMMISSION ON SEAMLESS AND SECURE TRAVEL, U.S. TRAVEL ASSOCIATION AIMS TO BUILD A VISION AND RECOMMEND POLICIES TO INCREASE U.S. COMPETITIVENESS, IMPROVE GOVERNMENT FOCUS AND COORDINATION ON TRAVEL ISSUES AND FACILITATE GROWTH. CONVENING TRAVEL LEADERS - THROUGH ITS VARIOUS COUNCILS, COMMITTEES, AND COALITIONS, U.S. TRAVEL ASSOCIATION CONVENES TRAVEL LEADERS TO DISCUSS SHARED CHALLENGES AND PRIORITIES. THROUGH ITS MEETINGS MEAN BUSINESS COALITION, U.S. TRAVEL ASSOCIATION SHOWCASES THE UNDENIABLE VALUE THAT BUSINESS MEETINGS, TRADE SHOWS, INCENTIVE TRAVE, EXHIBITIONS, CONFERENCES AND CONVENTIONS BRING TO PEOPLE, BUSINESSES AND COMMUNITIES. THE NATIONAL COUNCIL OF STATE TOURISM DIRECTORS LEVERAGES THE COLLECTIVE STRENGTH OF STATE TOURISM OFFICES TO PROVIDE LEADERSHIP AND A FORUM FOR INFORMATION SHARING ON ISUES IMPACTING TOURISM. 0 1 0 1 0 0 0 0 0 1 0 0 1 1 1 0 1 0 0 0 0 0 0 0 0 0 1 0 1 0 0 0 0 0 0 1 0 0 0 0 1 1 0 0 1 61 0 1 60 1 1 1 0 0 0 1 1 0 1 0 X 30 30 0 0 0 0 1 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 DC X GEOFFREY FREEMAN 2024088422 1100 NEW YORK AVE NW SUITE 450W WASHINGTON DC 20005 CHRISTOPHER NASSETTA CHAIR 0.50 X X 0 0 0 CAROLINE BETETA VICE CHAIR 0.50 X X 0 0 0 TIM MAPES VICE CHAIR 0.50 X X 0 0 0 CASANDRA MATEJ VICE CHAIR 0.50 X X 0 0 0 MICHAEL MASSARI TREASURER 0.50 X X 0 0 0 XIOMARA WILEY SECRETARY 0.50 X X 0 0 0 JONATHAN TISCH CHAIRMAN EMERITUS 0.50 X 0 0 0 MELISSA BASU DIRECTOR 0.50 X 0 0 0 DOREEN BURSE DIRECTOR 0.50 X 0 0 0 TAMMY CANAVAN DIRECTOR 0.50 X 0 0 0 PAUL F CASH DIRECTOR 0.50 X 0 0 0 ANNIKA CHASE DIRECTOR 0.50 X 0 0 0 CHRIS CHIAMES DIRECTOR 0.50 X 0 0 0 JULIE COKER DIRECTOR 0.50 X 0 0 0 CRAIG DAVIS DIRECTOR 0.50 X 0 0 0 FRED DIXON DIRECTOR 0.50 X 0 0 0 ELLIOTT L FERGUSON II DIRECTOR 0.50 X 0 0 0 MELISSA FROEHLICH FLOOD DIRECTOR 0.50 X 0 0 0 NATE GATTEN DIRECTOR 0.50 X 0 0 0 STEPHANIE GLANZER DIRECTOR 0.50 X 0 0 0 STEVE HILL DIRECTOR 0.50 X 0 0 0 WALT LEGER DIRECTOR 0.50 X 0 0 0 DAVID LORENZ DIRECTOR 0.50 X 0 0 0 CHRISTINE MAGUIRE DIRECTOR 0.50 X 0 0 0 MONYA MANDICH DIRECTOR 0.50 X 0 0 0 OMAR MARCHI DIRECTOR 0.50 X 0 0 0 JACK MCNEILL DIRECTOR 0.50 X 0 0 0 STEPHEN REVETRIA DIRECTOR 0.50 X 0 0 0 PHILLIP A WASHINGTON DIRECTOR 0.50 X 0 0 0 DANA YOUNG DIRECTOR 0.50 X 0 0 0 GEOFF FREEMAN PRESIDENT & CEO 40.00 0.10 X 1556987 0 558358 VICTORIA BARNES EXECUTIVE VICE PRESIDENT 40.00 X 1114116 0 200987 ELLEN DAVIS EXECUTIVE VICE PRESIDENT 40.00 X 612326 0 50066 DELISA SELWITZ EXECUTIVE VICE PRESIDENT 40.00 X 516152 0 58150 MALCOLM SMITH SENIOR VICE PRESIDENT (THRU 11/2/23) 40.00 X 439912 0 34797 DJENANE MARCHAND SENIOR VICE PRESIDENT (THRU 11/2/23) 40.00 X 424221 0 47130 ERIK HANSEN SENIOR VICE PRESIDENT 40.00 X 382388 0 57996 LAURA HOLMBERG SENIOR VICE PRESIDENT 40.00 X 348101 0 58746 CHARLES STALEY SENIOR VICE PRESIDENT 40.00 X 309646 0 34235 ANGELA BRIGGS VICE PRESIDENT 40.00 X 293199 0 32529 CONTINA DJAOUGA VICE PRESIDENT 40.00 X 267699 0 57306 ADAM VANCE FORMER EXECUTIVE VICE PRESIDENT 40.00 X 787668 0 6000 7052415 0 1196300 37 1 1 0 TSE MANAGEMENT LLC 2505 ANTHEM VILLAGE DRIVE HENDERSON NV 89052 EVENT SERVICES 820387 TOURISM ECONOMICS LLC 303 WEST LANCASTER AVENUE WAYNE PA 19087 CONSULTING 404500 HARGROVE LLC 1 HARGROVE DRIVE LANHAM MD 20706 EVENT SERVICES 379223 PROLOGUE STRATEGY LLC 2335 E COLORADO BLVD PASADENA CA 91107 CONSULTING 374543 CSI DMC BOSTON LLC 6402 ARLINGTON BLVD FALLS CURCH VA 22042 EVENT SERVICES 340729 15 2384585 1484679 2384585 IPW TRADE SHOW 900099 14755382 10906953 157090 3691339 MEMBERSHIP DUES 900099 14442082 14442082 SPONSORSHIP 900099 845375 845375 COALITION & COUNCIL FE 900099 86369 86369 RESEARCH CONTRACTS 900099 69162 69162 30198370 885028 885028 42589786 43267598 -677812 -677812 -677812 INSURANCE RECOVERY 900099 630000 630000 MISCELLANEOUS INCOME 900099 333 333 630333 33420504 26349941 157090 4528888 79367 6406871 7648570 357750 980396 644772 353288 91021 1008277 42567 1933135 509552 161921 785115 1312560 528388 7485264 377730 217871 MEMBERSHIPS & SUBSCRIPT 385200 BANK & CREDIT CARD FEES 369737 TAXES 285389 120969 32085710 3403679 4292270 18807630 11840468 517153 198010 801839 939692 5613154 4623798 1011446 989356 308531 8741045 4377370 3168789 29227648 30169630 4417657 4092264 6597055 6169918 4023 2044 5785446 5359420 16804181 15623646 X 11959138 14370379 464329 175605 12423467 14545984 29227648 30169630 1334794 787722 1 0 X X 0 1 X 1 0 RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 0 1 14442082 5076541 -1397838 3678703 2888417 790286 2767808 2153096 614712 2845346 2470702 374644 989356 DEPOSIT 93750 ROU ASSET 3075039 3168789 LEASE LIABILITY 4251398 ACRRUED POST RETIREMENT PLAN BENEFITS 291198 DEFERRED COMPENSATION LIABILITY 816824 5359420 X 34559887 787722 394228 1181950 33377937 42567 42567 33420504 32326051 282908 282908 32043143 42567 42567 32085710 PART X, LINE 2: THE ASSOCIATION IS ORGANIZED AS A DISTRICT OF COLUMBIA NONPROFIT CORPORATION AND HAS BEEN RECOGNIZED BY THE INTERNAL REVENUE SERVICE (IRS) AS EXEMPT FROM FEDERAL INCOME TAXES UNDER IRS SECTION 501(A) AS AN ORGANIZATION DESCRIBED IN IRS SECTION 527, 501(C)(3) AND SECTIONS 501(C)(6), QUALIFY FOR THE CHARITABLE CONTRIBUTION DEDUCTION UNDER INTERNAL REVENUE CODE (IRC) SECTIONS 170(B)(1)(A)(VI) AND (VIII), AND HAS BEEN DETERMINED NOT TO BE A PRIVATE FOUNDATION UNDER IRS SECTIONS 509(A)(1) AND (3). THE ASSOCIATION IS ANNUALLY REQUIRED TO FILE A RETURN OF ORGANIZATION EXEMPT FROM INCOME TAX (FORM 990) WITH THE IRS. IN ADDITION, THE ASSOCIATION IS SUBJECT TO INCOME TAX ON NET INCOME THAT IS DERIVED FROM BUSINESS ACTIVITIES THAT ARE UNRELATED TO THEIR EXEMPT PURPOSE. THE ASSOCIATION IS SUBJECT TO UNRELATED BUSINESS INCOME TAX AND ANNUALLY FILES AN EXEMPT ORGANIZATION BUSINESS INCOME TAX RETURN (FORM 990-T) WITH THE IRS RELATED TO PUBLICATIONS ADVERTISING ACTIVITY. THE PAC DID NOT HAVE ANY UNRELATED BUSINESS INCOME FOR THE YEARS ENDED DECEMBER 31, 2023 AND 2022. THE ASSOCIATION'S NET OPERATING LOSS (NOL) TOTALED APPROXIMATELY $433,000 AND $334,000 AS OF DECEMBER 31, 2023 AND 2022, RESPECTIVELY, AND WILL BEGIN TO EXPIRE IN 2027. THE ASSOCIATION'S NOLS ARE AVAILABLE TO OFFSET UNRELATED BUSINESS TAXABLE INCOME ASSOCIATED WITH ASSOCIATION PUBLICATIONS ADVERTISING ACTIVITY. THE ASSOCIATION HAS RECORDED A FULL VALUATION ALLOWANCE AGAINST THESE POTENTIAL DEFERRED TAX ASSETS BASED UPON CONSIDERATION OF ALL AVAILABLE EVIDENCE. IN DECEMBER 2017 THE TAX CUTS AND JOBS ACT WAS PASSED, WHICH RESULTED IN REVISIONS TO THE TAX CODE RELATED TO TAX-EXEMPT ORGANIZATIONS INCLUDING EXCISE TAX PAYMENTS FOR EXECUTIVE COMPENSATION OVER $1,000,000 AND CHANGES IN UNRELATED BUSINESS INCOME TAX OFFSETTING ACTIVITIES AND RELATED TAXES. UNDER THE REMAINING PROVISIONS, THE ASSOCIATION HAS ACCRUED $241,234 AND $237,175 FOR EXCISE TAX PAYMENTS AS OF DECEMBER 31, 2023 AND 2022, RESPECTIVELY. THESE AMOUNTS ARE INCLUDED IN ACCOUNTS PAYABLE AND ACCRUED EXPENSES IN THE CONSOLIDATED BALANCE SHEETS. PART XI, LINE 2D - OTHER ADJUSTMENTS: PAC REVENUE INCLUDED IN CONSOLIDATED FINANCIAL STATEMENTS 394,228. PART XII, LINE 2D - OTHER ADJUSTMENTS: PAC EXPENSES INCLUDED IN CONSOLIDATED FINANCIAL STATEMENTS 282,908. 1 AMERICAN HEART ASSOCIATION 4601 NORTH FAIRFAX DRIVE SUITE 700 ARLINGTON VA 22203 135613797 501(C)(3) 15000 0 HEARTS DELIGHT SPONSORSHIP BRYCE HARLOW FOUNDATION PO BOX 15879 WASHINGTON DC 20003 521266620 501(C)(3) 10000 0 CONTRIBUTION TO ANNUAL AWARDS DINNER SAN ANTONIO AREA FOUNDATION PO BOX 12089 SAN ANTONIO TX 78212 746065414 501(C)(3) 10000 0 CHARITABLE CONTRIBUTION TO SUPPORT THE UVALDE STRONG FUND SHATTERPROOF 101 MERRITT CORPORATE PARK NORWALK CT 06851 454619712 501(C)(3) 10000 0 HOSPITALITY HEROES RECEPTION (ALIS) - SILVER SPONSOR SOLES4SOULS 319 MARTINGALE DRIVE OLD HICKORY TN 37138 204023482 501(C)(3) 10453 0 PROGRAM SUPPORT TOURISM CARES 20 VERNON STREET NORWOOD MA 02062 202013457 501(C)(3) 7914 0 SPONSORSHIP TO SUPPORT PROGRAMS OF TOURISM CARES 6 0 PART I, LINE 2: SENIOR MANAGEMENT REVIEWS THE ORIGINAL REQUEST FOR CONTRIBUTIONS TO DETERMINE IF THE RECIPIENT ORGANIZATION'S MISSION SUPPORTS THE ASSOCIATION'S BENEVOLENT EFFORTS TO PROVIDE FUNDS FOR COMMUNITY FOCUSED PROJECTS. X X 1 1 X X 1 1 0 GEOFF FREEMAN PRESIDENT & CEO 1340177 0 216000 0 810 0 519800 0 38558 0 2115345 0 0 0 VICTORIA BARNES EXECUTIVE VICE PRESIDENT 715900 0 245000 0 153216 0 169800 0 31187 0 1315103 0 150000 0 ADAM VANCE FORMER EXECUTIVE VICE PRESIDENT 0 0 136860 0 650808 0 5641 0 359 0 793668 0 0 0 ELLEN DAVIS EXECUTIVE VICE PRESIDENT 536583 0 0 0 75743 0 9900 0 40166 0 662392 0 0 0 DELISA SELWITZ EXECUTIVE VICE PRESIDENT 307393 0 106437 0 102322 0 19800 0 38350 0 574302 0 0 0 MALCOLM SMITH SENIOR VICE PRESIDENT (THRU 11/2/23) 356099 0 81603 0 2210 0 19800 0 14997 0 474709 0 0 0 DJENANE MARCHAND SENIOR VICE PRESIDENT (THRU 11/2/23) 338343 0 68248 0 17630 0 19800 0 27330 0 471351 0 0 0 ERIK HANSEN SENIOR VICE PRESIDENT 330691 0 51157 0 540 0 19800 0 38196 0 440384 0 0 0 LAURA HOLMBERG SENIOR VICE PRESIDENT 292422 0 55139 0 540 0 19800 0 38946 0 406847 0 0 0 CHARLES STALEY SENIOR VICE PRESIDENT 260205 0 48199 0 1242 0 18569 0 15666 0 343881 0 0 0 ANGELA BRIGGS VICE PRESIDENT 258468 0 33274 0 1457 0 16178 0 16351 0 325728 0 0 0 CONTINA DJAOUGA VICE PRESIDENT 228439 0 38018 0 1242 0 16005 0 41301 0 325005 0 0 0 PART I, LINE 1A FIRST CLASS AIRFARE WAS PROVIDED TO THE CEO ON A LIMITED BASIS WHERE IN COMPLIANCE WITH THE US TRAVEL ASSOCIATION POLICY ON TRAVEL. EMPLOYEES IN CERTAIN LIMITED SITUATIONS AND ON A CASE BY CASE BASIS MAY TRAVEL AT A CLASS OTHER THAN COACH. THE AMOUNTS ARE NONTAXABLE TO THE EMPLOYEE. SPOUSAL TRAVEL IS PROVIDED TO EXECUTIVE VP'S A FEW TIMES DURING THE YEAR IF THE SPOUSE IS EXPECTED TO TAKE PART IN BUSINESS ACTIVITIES. THESE AMOUNTS ARE TAXABLE TO THE EMPLOYEE. PART I, LINES 4A-B DURING THE YEAR THERE WERE SEVERANCE PAYMENTS MADE TO TWO KEY EMPLOYEES. ALL AMOUNTS ARE PROPERLY REPORTED ON FORM W-2 AND IN FORM 990, PART VII AND ON FORM 990, SCHEDULE J, PART II. DUE TO THE CONFIDENTIAL NATURE OF THE TERMS OF THESE SEVERANCE AGREEMENTS, THE DETAILS WILL BE PROVIDED TO THE IRS UPON REQUEST. THE EMPLOYMENT AGREEMENTS FOR SELECT EMPLOYEES INCLUDE ASSOCIATION CONTRIBUTIONS TO A DEFERRED COMPENSATION PLAN. THE AMOUNTS ARE DEFINED BY THE AGREEMENTS, PAID ANNUALLY, AND DEPOSITED WITHIN THE PLAN'S INVESTMENT ACCOUNT. TOTAL EMPLOYER CONTRIBUTIONS FOR THE YEARS ENDED DECEMBER 31, 2023 AND 2022, WERE $650,000 AND $435,049, RESPECTIVELY. A PORTION OF THE EMPLOYER CONTRIBUTIONS WILL VEST OVER THE NEXT TWO YEARS. DURING 2023 AND 2022, THE ASSOCIATION DISTRIBUTED $152,406 AND $608,832, RESPECTIVELY. THE CUMULATIVE DEFERRED COMPENSATION LIABILITY BALANCE AT DECEMBER 31, 2023 AND 2022, IS $816,824 AND $303,951, RESPECTIVELY. THE DEFERRED COMPENSATION PLAN ASSETS ARE INCLUDED IN INVESTMENTS IN THE AUDITED FINANCIAL STATEMENTS. X INDUSTRY RELATED ITEMS 16 1484679 FAIR MARKET VALUE 0 0 1 0 PART I, COLUMN (B): REPORTING THE NUMBER OF CONTRIBUTIONS FORM 990, ITEM B FORM 990, ITEM B, AMENDED RETURN: SCHEDULE C, PART III-B, LINES 4 & 5 WERE UPDATED TO CORRECTLY REFLECT THE PORTION OF EXCESS THAT WILL BE CARRIED OVER TO THE REASONABLE ESTIMATE OF NONDEDUCTIBLE LOBBYING EXPENDITURES NEXT YEAR. FORM 990, PART VI, SECTION A, LINE 6 U.S. TRAVEL ASSOCIATION HAS MORE THAN 900 MEMBER ORGANIZATIONS WITHIN THE CATEGORIES OF TRAVEL SERVICE PROVIDERS, DESTINATIONS, ALLIED/AFFILIATES AND TRAVEL ASSOCIATIONS. FORM 990, PART VI, SECTION B, LINE 11B THE SUPPORTING SCHEDULES AND DOCUMENTATION FOR THE FORM 990 ARE PREPARED BY THE ACCOUNTING MANAGER AND THEN REVIEWED BY THE CONTROLLER. THE NEXT REVIEW IS CONDUCTED BY THE EXECUTIVE VICE PRESIDENT OF OPERATIONS AND THEN REVIEWED AND SIGNED BY THE PRESIDENT/CHIEF EXECUTIVE OFFICER OF THE ORGANIZATION. THE FINAL DRAFT OF THE FORM 990 IS PROVIDED TO THE BOARD OF DIRECTORS FOR REVIEW BEFORE THE FINAL VERSION IS FILED. FORM 990, PART VI, SECTION B, LINE 12C EACH DIRECTOR, OFFICER AND MEMBER OF A COMMITTEE WITH BOARD DELEGATED POWERS SHALL BE REQUIRED ANNUALLY TO SIGN A STATEMENT WHICH AFFIRMS SUCH PERSON: (A) HAS RECEIVED A COPY OF THE CONFLICT OF INTEREST POLICY, (B) HAS READ AND UNDERSTANDS THE POLICY, (C) HAS AGREED TO COMPLY WITH THE POLICY AND (D) UNDERSTANDS THE ORGANIZATION IS A NON-PROFIT TRADE ASSOCIATION AND IN ORDER TO MAINTAIN ITS FEDERAL TAX EXEMPTION IT MUST ENGAGE PRIMARILY IN ACTIVITIES WHICH ACCOMPLISH ONE OR MORE OF ITS TAX-EXEMPT PURPOSES. TO ENSURE THE ORGANIZATION OPERATES IN A MANNER CONSISTENT WITH ITS TAX-EXEMPT PURPOSES AND DOES NOT ENGAGE IN ACTIVITIES THAT COULD JEOPARDIZE ITS TAX-EXEMPT STATUS, PERIODIC REVIEWS SHALL BE CONDUCTED. THE PERIODIC REVIEWS SHALL, AT A MINIMUM, INCLUDE THE FOLLOWING SUBJECTS: (A) WHETHER COMPENSATION ARRANGEMENTS AND BENEFITS ARE REASONABLE, BASED ON COMPETENT SURVEY INFORMATION AND THE RESULT OF ARM'S LENGTH BARGAINING AND (B) WHETHER PARTNERSHIPS, JOINT VENTURES, CONTRACTS AND ARRANGEMENTS WITH MANAGEMENT ORGANIZATIONS OR VENDORS CONFORM TO THE ORGANIZATION'S WRITTEN POLICIES, ARE PROPERLY RECORDED, REFLECT REASONABLE INVESTMENT OR PAYMENTS FOR GOODS AND SERVICES, FURTHER THE ORGANIZATION'S TAX-EXEMPT PURPOSES AND DO NOT RESULT IN INUREMENT, IMPERMISSIBLE PRIVATE BENEFIT OR IN AN EXCESS BENEFIT TRANSACTION. FORM 990, PART VI, SECTION B, LINE 15 COMPENSATION FOR ALL EMPLOYEES IS SUBJECT TO A PERIODIC COMPARISON TO INDUSTRY STANDARDS BASED ON POSITION AND EXPERIENCE. THIS COMPARISON IS DONE ON AN EMPLOYEE BY EMPLOYEE BASIS FOR ALL ASSOCIATION EMPLOYEES. THE RESULTS ARE THEN REVIEWED AND APPROVED BY UPPER-LEVEL MANAGEMENT. ALL COMPENSATION IS REVIEWED BY A COMPENSATION COMMITTEE COMPOSED OF MEMBERS FROM THE BOARD OF DIRECTORS WHO HAVE NO ASSOCIATION OR TIES TO EMPLOYEES OTHER THAN THEIR CAPACITY AS ASSOCIATION BOARD MEMBERS. THE PRESIDENT/CHIEF EXECUTIVE OFFICER AND THE EXECUTIVE VICE PRESIDENTS ARE THE ONLY EMPLOYEES WITH EMPLOYMENT CONTRACTS. FORM 990, PART VI, SECTION C, LINE 19 FINANCIAL STATEMENTS, CONFLICT OF INTEREST POLICY AND GOVERNING DOCUMENTS ARE AVAILABLE UPON REQUEST FOR THE SAME PERIOD OF DISCLOSURE AS SET FORTH IN SECTION 6104(D). FORM 990, PART XII, LINE 2C: THE PROCESS FOR OVERSEEING THE AUDIT OF THE FINANCIAL STATEMENTS AND SELECTION OF AN INDEPENDENT ACCOUNTANT THAT AUDITED THE FINANCIAL STATEMENTS HAS BEEN CONSISTENT WITH PRIOR YEARS. TRAVEL INDUSTRY ASSOCIATION OF AMERICA FOUNDATION 1100 NEW YORK AVE NW SUITE 450W WASHINGTON DC 20005 520231139 TRAVEL INDUSTRY GRANTS AND RESEARCH DC 501(C)(3) LINE 12A, I US TRAVEL ASSOCIATION 1 US TRAVEL ASSOCIATION POLITICAL ACTION COMMITTEE 1100 NEW YORK AVE NW SUITE 450W WASHINGTON DC 20005 263860851 PAC DC 527 US TRAVEL ASSOCIATION 1 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 1 0