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THE CORPORATION FOR TRAVEL PROMOTION

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Public IRS 990 nonprofit record

THE CORPORATION FOR TRAVEL PROMOTION

EIN 36-4681868 · Chambers of Commerce & Business Leagues (S41)

What they do

SEE SCHEDULE O

Before you give

Should I give to this charity?

Easy charity check
Look at where the money went

Of every $100 spent, about $0.00 was reported for mission work. Use the spending picture below and ask what results that work produced.

Plain answer: A tax form cannot prove that a charity is doing good. It can show how the charity says it spent its money—and point out questions you should ask.

Basic facts we verified

IRS warning checkNo IRS revocation warning appears in this data.

Money report from 2024The charity has a recent tax report to read.

They explain their jobThe explanation is very short. Ask what work they really do.

They name their leaders23 people are listed in the latest report.

You can reach themThey list contact information, so you can ask questions.

Money made simple

0.46%of revenue went to fundraising0.4% of expenses
$131.11spent for every $100 of revenueSpending was higher than revenue this year.
$1.60in assets for every $1 spent this yearSome assets cannot be spent right away.
92.5%of its money came from giftsOther money may come from services or investments.

Ask these three easy questions

  1. Who did you help? Ask for a recent story or report that shows real results.
  2. What will my money do? Ask exactly what your gift will pay for.
  3. Is this really the charity? Give only through its official website or confirmed phone number.

Worth asking: Expenses exceeded revenue by $43,507,906 this year. Ask whether that was planned or caused by a one-time event.

Pay context: The highest compensation shown in this filing is $908,279 for CHRISTOPHER L THOMPSON (CEO & PRESIDENT (UNTIL 09/24)). Compare pay with organizations of similar size and complexity.

Bottom line: Do not decide from a name, mission statement, or tax status alone. Look at where the money went, then ask what changed, who was helped, and what your gift will do. YouCanGiveBack does not endorse or grade organizations.

Money

Financial picture

Tax year 2024

A plain-language look at the latest Form 990 figures available. These numbers help you ask better questions; they do not, by themselves, rate whether a charity is good or bad.

How each $100 of revenue was used

The large number compares each expense with revenue. The smaller number shows its share of total expenses.

Total reported revenue$75,249,330
Mission workProgram services0.00% of revenue0.0% of expenses
ManagementOffice and general costs0.00% of revenue0.0% of expenses
FundraisingAsking for donations$349,5000.46% of revenue0.4% of expenses
Total expenses$94,240,260125.24% of revenue

Expenses were greater than revenue, so the colored ring fills the available $100 and the total above 100% is shown below.

Money in and money out

Revenue$139,855,946
Expenses$183,363,852
Annual shortfall $43,507,906 Expenses were higher than revenue for this filing year.

Reported spending amounts

Mission work means the Form 990 category called program services. These are reported accounting categories—not an independent measurement of results.

Fundraising$349,500 · 0.2% of expenses
See all reported dollar amounts
Revenue$139,855,946
Expenses$183,363,852
Assets$293,550,803
Income$483,201,122
Contributions$129,356,888
Fundraising$349,500
Grants given$136,500
Average grant$19,500
Stocks and bonds$83,106,828
Accounting fees$174,451
People

Leadership and board

Tax year 2024

Names, titles, time, and compensation below are reported by the organization on its Form 990.

People reported as paid

Person and titleCompensation
CHRISTOPHER L THOMPSONCEO & PRESIDENT (UNTIL 09/24) · 40 hrs/week $908,279Base $885,295 · Other $22,984
DONALD F RICHARDSONCHIEF FINANCIAL OFFICER · 40 hrs/week $608,745Base $567,318 · Other $41,427
FRED DIXONCEO & PRESIDENT · 40 hrs/week $563,037Base $556,166 · Other $6,871
AARON WODINSCHWARTZCHIEF CORPORATE AFFAIRS OFFICER · 40 hrs/week $489,709Base $463,347 · Other $26,362
JOHN O CONTESVP, GENERAL COUNSEL · 40 hrs/week $428,516Base $384,470 · Other $44,046
BRIAN WATKINSVP, TECHNOLOGY · 40 hrs/week $339,606Base $303,679 · Other $35,927
MING SUEY NEWCOMBVP, FINANCE & ACCOUNTING · 40 hrs/week $323,931Base $300,627 · Other $23,304
MARK LAPIDUSVP, CONTENT & MARKETING TECHNOLOGY · 40 hrs/week $321,578Base $280,436 · Other $41,142
STACI MELLMANCHIEF MKTG OFFICER (UNTIL 08/24) · 40 hrs/week $313,880Base $300,783 · Other $13,097
CASSADY BAILEYVP, PARTNER ENGAGEMENT & MARKETING · 40 hrs/week $303,782Base $285,308 · Other $18,474

Compensation alone does not tell whether pay is reasonable. Consider the charity’s size, work, location, and results.

See everyone listed on the board or leadership roster (23)

CHRISTOPHER L THOMPSONCEO & PRESIDENT (UNTIL 09/24)

DONALD F RICHARDSONCHIEF FINANCIAL OFFICER

FRED DIXONCEO & PRESIDENT

AARON WODINSCHWARTZCHIEF CORPORATE AFFAIRS OFFICER

JOHN O CONTESVP, GENERAL COUNSEL

BRIAN WATKINSVP, TECHNOLOGY

MING SUEY NEWCOMBVP, FINANCE & ACCOUNTING

MARK LAPIDUSVP, CONTENT & MARKETING TECHNOLOGY

STACI MELLMANCHIEF MKTG OFFICER (UNTIL 08/24)

CASSADY BAILEYVP, PARTNER ENGAGEMENT & MARKETING

HARI NAIRDIRECTOR

TODD DAVIDSONDIRECTOR

TIM MAPESDIRECTOR (UNTIL 04/25)

STEPHANIE YOUNGDIRECTOR (UNTIL 01/26)

MIKE MANGEOTDIRECTOR

MARK HOPLAMAZIANDIRECTOR (UNTIL 12/24)

LAUREN BAILEYVICE CHAIR (UNTIL 04/25)

KRISTEN ESPOSITOTREASURER (UNTIL 04/25)

GUS ANTORCHADIRECTOR (UNTIL 12/25)

ELLIOTT FERGUSONCHAIR (UNTIL 04/25)

DONALD MOOREDIRECTOR (UNTIL 12/24)

DANNY HUGHESDIRECTOR

ALLEN ORRSECRETARY (UNTIL 04/25)

About this charity

Recognized since
January 2011
Location
1875 K ST NW STE 450, WASHINGTON, DC 20006-0012
County
District of Columbia
In care of
% DONALD F RICHARDSON
Primary officer
DONALD F RICHARDSON, CHIEF FINANCIAL OFFICER

How to reach them

Filing and classification

Latest tax year
2024
Tax period began
October 1, 2024
Return type
990
Tax preparer
KPMG LLP
NTEE classification
Chambers of Commerce & Business Leagues (S41)
IRS tax category
Chambers of Commerce & Business Leagues
Grant-giving organization
Yes

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About this report: Information comes from public nonprofit records and may show the latest filing available.

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