Gbta Foundation
- Assets
- $750.6k
- Revenue
- $1.2m
- Investments
- $0.0
- Employees
- 0
- Location
- Alexandria, VA
- Founding
- 11/1989
- Data as of
- 12/2022
- EIN
- 13-3505379
Organization Overview
Gbta Foundation is located in Alexandria, VA. The organization was established in 1989. 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. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Gbta 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 12/2022, Gbta Foundation generated $1.2m 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 (9.6%) each year. All expenses for the organization totaled $1.2m during the year ending 12/2022. As we would expect to see with falling revenues, expenses have declined by (12.7%) 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
TO DRIVE POSITIVE CHANGE FOR PEOPLE AND THE PLANET THROUGH BUSINESS TRAVEL.
Describe the Organization's Program Activity:
Part 3 - Line 4a
SUSTAINABILITY INITIATIVE PROGRAM: PROTECTING THE PLANET IS ONE OF THE BIGGEST CHALLENGES THE GLOBAL BUSINESS TRAVEL SECTOR FACES, LIKE MANY OTHER INDUSTRIES WORLDWIDE. REDUCING CARBON EMISSIONS MUST BE PART OF OUR COLLECTIVE MISSION AND GAME PLAN TODAY TO ENSURE WE CAN CONNECT PEOPLE AND TRAVEL FOR BUSINESS TOMORROW.THE SUSTAINABILITY INITIATIVE DRIVES CROSS-INDUSTRY COLLABORATION BETWEEN THE USERS AND PROVIDERS OF CORPORATE TRAVEL SERVICES, INCLUDING AVIATION, HOSPITALITY, GROUND TRANSPORT, TRAVEL MANAGEMENT, AND DISTRIBUTION, TO SUPPORT THE DEPLOYMENT OF SOLUTIONS THAT HELP MANAGE AND REDUCE CARBON EMISSIONS FROM TRAVEL. CORE AREAS OF WORK INCLUDE CAPACITY BUILDING, INDUSTRY COLLABORATION, AND ADVOCACY.THERE WERE 300 PARTICIPANTS AT THE NOVEMBER 2022 INAUGURAL SUSTAINABILITY SUMMIT IN BRUSSELS. THERE WERE 3,022 VISITS TO THE GBTA SUSTAINABILITY TOOLKIT IN THE FIRST FIVE MONTHS OF ITS LAUNCH AND 3,669 UNIQUE VIEWS OF THE 2022 STATE OF SUSTAINABILITY REPORT.
WINIT IS DESIGNED TO HELP WOMEN MOVE FORWARD IN THEIR CAREERS IN THE TRAVEL INDUSTRY BY OFFERING PROGRAMMING GEARED TOWARD THEIR ADVANCEMENT. WINIT PROVIDES THE TOOLS, RESOURCES, AND NETWORKS NECESSARY TO ENSURE THAT THERE ARE WOMEN IN PROMINENT LEADERSHIP POSITIONS ACROSS THE INDUSTRY AND THAT THE OVERALL STATE OF WOMEN IN BUSINESS TRAVEL IS HEALTHY. THE 2022 WINIT SUMMIT AND GALA HAD 446 PARTICIPANTS AND EIGHT EDUCATION SESSIONS WITH 26 PRESENTERS - SESSION TOPICS INCLUDED MENTORSHIP, ALLYSHIP, STORYTELLING, AND TRANSFERABLE SKILLS. THE GBTA WINIT AWARDS RECOGNIZES THE ACHIEVEMENT OF WOMEN WHO LEAD, INSPIRE, AND MOTIVATE. THEY ARE EXTRAORDINARY WOMEN WHO ARE RESPECTED FOR THEIR LEADERSHIP, RESILIENCE, AND CONFIDENCE. WE ARE THRILLED TO CELEBRATE THESE HIGH-CALIBER WOMEN GLOBALLY, ALONG WITH THE ALLIES AND COMPANIES WHO SUPPORT THESE WOMEN. THE 2022 WINIT AWARDS RECOGNIZED 50 TOP WOMEN IN TRAVEL.
THE LADDERS PROGRAM IS DEDICATED TO BUILDING THE NEXT GENERATION OF GLOBAL TRAVEL PROFESSIONALS. IT LEVERAGES COLLECTIVE TALENTS TO EMPOWER EMERGING INDUSTRY LEADERS TO CONNECT AND EXPAND THEIR CAREERS VIA MENTORSHIP, EDUCATION, AND COLLABORATION.EACH YEAR, THE PROGRAM CULMINATES IN THE THREE-DAY LADDERS SUMMIT, WHERE TEAMS COMPETE AND PRESENT THEIR PROJECTS TO A PANEL OF JUDGES FROM ACROSS THE BUSINESS TRAVEL INDUSTRY. THE GOAL IS TO INSPIRE CURRENT AND NEXT-GENERATION BUSINESS TRAVEL LEADERS AND TO FOSTER INNOVATIVE THINKING THAT HELPS DRIVE INDUSTRY CHANGE. IMPORTANTLY, CONCEPTS AND PRESENTATIONS GENERATED THROUGH THE LADDERS SEASON PRODUCE ACTIONABLE IDEAS ALIGNED WITH GBTA FOR POTENTIALLY BROADER IMPLEMENTATION.IN 2022, LADDERS BECAME A MORE GLOBAL PROGRAM BY EXPANDING INTO INDIA AND SINGAPORE. THE NUMBER OF MENTEE APPLICATIONS RECEIVED IN 2022 WAS THE HIGHEST SINCE THE INCEPTION OF THE PROGRAM IN 2014. THE 2022-2023 LADDERS SEASON HAD 175 MENTORS AND MENTEES, HOSTED TEN VIRTUAL PROFESSIONAL WEBINARS AND MEET-UPS, AND 13 COUNTRIES REPRESENTED.
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Paul Abbott Chair | OfficerTrustee | 1 | $0 |
Leslie Andrews Board Trustee | Trustee | 1 | $0 |
Erica Gordon Board Trustee | Trustee | 1 | $0 |
Scott Kirby Board Trustee | Trustee | 1 | $0 |
Darragh Ormsby Board Trustee | Trustee | 1 | $0 |
Tyronne Stoudemire Board Trustee | Trustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Uva Darden School Foundation Educational Services | 12/30/17 | $188,744 |
Rockport Analytics Llc Research | 12/30/17 | $194,716 |
Wharton University Of Penn Educational Services | 12/30/17 | $159,000 |
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 | $1,161,053 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,161,053 |
| Total Program Service Revenue | $77,790 |
| Investment income | $0 |
| 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 | $1,238,843 |
| 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 | $615,000 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $21,790 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $194,696 |
| Advertising and promotion | $0 |
| Office expenses | $33,870 |
| Information technology | $218 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $21,960 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $271,543 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $1,159,077 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $587,001 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $163,583 |
| 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 | $750,584 |
| Accounts payable and accrued expenses | $24,757 |
| Grants payable | $0 |
| Deferred revenue | $106,190 |
| 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 | $665,482 |
| Total liabilities | $796,429 |
| Net assets without donor restrictions | -$45,845 |
| 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 | $750,584 |
Grants Awarded
Over the last fiscal year, Gbta Foundation has awarded $15,000 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
WISH FOR WHEELS PURPOSE: TEAM BUILDING GIVEAWAY OF KID'S BIKES AND HELMETS. | $7,500 |
CRADLES TO CRAYONS PURPOSE: ITEMS FOR UNDERPRIVILEDGED CHILDREN | $7,500 |