Pacific Asia Travel Association
- Assets
- $1.4m
- Revenue
- $2.3m
- Investments
- $0.0
- Employees
- 28
- Location
- San Francisco, CA
- Founding
- 11/1954
- Data as of
- 12/2022
- EIN
- 94-1244384
Organization Overview
Pacific Asia Travel Association is located in San Francisco, CA. The organization was established in 1954. According to its NTEE Classification (S30) the organization is classified as: Economic Development, under the broad grouping of Community Improvement & Capacity Building and related organizations. As of 12/2022, Pacific Asia Travel Association employed 28 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Pacific Asia Travel Association 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 12/2022, Pacific Asia Travel Association generated $2.3m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 8 years, the organization has seen revenues fall by an average of (3.9%) each year. All expenses for the organization totaled $2.4m during the year ending 12/2022. As we would expect to see with falling revenues, expenses have declined by (1.5%) per year over the past 8 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
THE MISSION OF PACIFIC ASIA TRAVEL ASSOCIATION IS TO ENHANCE, ENCOURAGE AND ASSIST IN THE DEVELOPMENT OF THE TRAVEL AND TOURISM INDUSTRY THROUGHOUT THE PACIFIC ASIA AREA.
Describe the Organization's Program Activity:
Part 3 - Line 4a
COMMUNICATIONS: THROUGH THIS PROGRAM, THE ASSOCIATION PROVIDES EFFECTIVE, CUTTINGEDGE COMMUNICATIONS VEHICLES AND PUBLICITY OPPORTUNITIES.DEVELOPMENT: THIS IS THE MAIN BUSINESS UNIT THROUGH WHICH THE ASSOCIATION PROVIDES STRATEGIC LINKS BETWEEN AND AMONG THE PATA MEMBERS AND ASIA PACIFIC TRAVEL AND TOURISM PROFESSIONALS. THESE ACTIVITIES ARE CARRIED OUT MAINLY THROUGH MEMBERSHIP DEPARTMENT IN BANGKOK, REGIONAL OFFICES IN EUROPE, PACIFIC AND CHINA, AND REPRESENTATIONS IN NORTH AMERICA, ASIA AND THE GULF REGIONS. REGIONAL OFFICES ALSO ORGANIZE SOME REGIONAL EVENTS SUCH AS ITB, WORLD TRAVEL MARKET AND PARTICIPATE IN OTHER LOCAL TRADE SHOWS.
PATA TRAVEL MART, ADVENTURE TRAVEL AND RESPONSIBLE TOURISM CONFERENCE ARE TRAVEL TRADE SHOWS AND CONFERENCES THAT BRING TOGETHER PEOPLE INVOLVED IN ADVENTURE TRAVEL AND RESPONSIBLE TOURISM TO DISCUSS AND CREATE NEW OPPORTUNITIES FOR PROMOTING ENVIRONMENTAL PROTECTIONS AND SOCIAL SUSTAINABILITY WITHIN THE INDUSTRY.THE PATA - GBTA APAC TRAVEL SUMMMIT 2022 WAS HELD DURING 2022 (FOR ONLY 2022 PERIOD WHICH PATA PARTNERED WITH GBTA TO ORGANIZE THE EVENT).
RESEARCH AND INTELLIGENCE: PACIFIC ASIA TRAVEL ASSOCIATION HAS STRATEGIC INTELLIGENCE CENTER WHICH PRODUCES A SERIES OF RESEARCH PUBLICATIONS AND NEWSLETTERS ABOUT THE ASIA PACIFIC TRAVEL INDUSTRY. THESE VARY AND MAY INCLUDE COMPREHENSIVE REPORTS AND UPDATES FOCUSING ON KEY MARKETS FROM AROUND THE WORLD, STATISTICAL REPORTS, FORECASTS, ISSUES AND TRENDS.
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 |
|---|---|---|---|
Liz Ortiguera Ex-Officio | OfficerTrustee | 40 | $225,000 |
Pairoj Kiatthunsamai CFO | Officer | 40 | $116,926 |
Soon-Hwa Wong Chairman | OfficerTrustee | 0.5 | $0 |
Viet Hai Ho Vice Chairman | OfficerTrustee | 0.5 | $0 |
Suman Pandey Secretary/treas | OfficerTrustee | 0.5 | $0 |
Shi-Chung Chang Board Member | Trustee | 0.5 | $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 | $2,252,411 |
| Investment income | $5,793 |
| 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 | $2,267,121 |
| 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. | $341,926 |
| Compensation of current officers, directors, key employees. | $161,142 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $922,142 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $20,230 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| 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 | $0 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $138,613 |
| Travel | $83,553 |
| 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 | $14,350 |
| Insurance | $0 |
| All other expenses | $7,194 |
| Total functional expenses | $2,363,202 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $897,526 |
| Savings and temporary cash investments | $212,757 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $216,529 |
| 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 | $50,267 |
| Net Land, buildings, and equipment | $8,836 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $2,784 |
| Total assets | $1,388,699 |
| Accounts payable and accrued expenses | $337,058 |
| Grants payable | $0 |
| Deferred revenue | $294,652 |
| 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 | $657,727 |
| Total liabilities | $1,289,437 |
| Net assets without donor restrictions | -$79,238 |
| Net assets with donor restrictions | $178,500 |
| 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 | $1,388,699 |