Travel Technology Association
- Assets
- $1.1m
- Revenue
- $1.4m
- Investments
- $0.0
- Employees
- 4
- Location
- Arlington, VA
- Founding
- 03/1998
- Data as of
- 12/2023
- EIN
- 94-3293419
Organization Overview
Travel Technology Association is located in Arlington, VA. The organization was established in 1998. 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 12/2023, Travel Technology Association employed 4 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Travel Technology 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 12/2023, Travel Technology Association generated $1.4m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 9 years, the organization has seen revenues fall by an average of (6.9%) each year. All expenses for the organization totaled $1.5m during the year ending 12/2023. As we would expect to see with falling revenues, expenses have declined by (6.7%) per year over the past 9 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
SEE SCHEDULE O FOR DESCRIPTION
Describe the Organization's Program Activity:
Part 3 - Line 4a
TRAVEL TECH ADVOCATES FOR LEGISLATIVE AND REGULATORY POLICIES THAT BENEFIT CONSUMERS BY PROMOTING TRANSPARENCY AND COMPETITION, REDUCE TAXES ON TRAVEL, REPRESENT FAIR AND REASONABLE REGULATION OF SHORT-TERM RENTALS, AND E-COMMERCE IN GENERAL.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Laura Chadwick President And CEO | OfficerTrustee | 40 | $315,000 |
Kelly Kolb Chair | OfficerTrustee | 4 | $0 |
Maryam Mujica Treasurer | Trustee | 1 | $0 |
Jason Park Secretary | Trustee | 1 | $0 |
Greg Sivinski Director | Trustee | 1 | $0 |
Caitlin Brosseau Director | Trustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Kglobal Public Affairs/commuciations | 12/30/23 | $121,820 |
Stateside Associates Government Relations | 12/30/23 | $105,242 |
Steptoe & Johnson Llc Legal | 12/30/23 | $131,102 |
Glen Echo Group Llc Communications | 12/30/23 | $132,500 |
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 | $50,000 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $50,000 |
| Total Program Service Revenue | $1,344,135 |
| Investment income | $23,785 |
| 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 | $1,417,920 |
| 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. | $335,891 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $171,745 |
| Pension plan accruals and contributions | $5,553 |
| Other employee benefits | $6,148 |
| Payroll taxes | $27,614 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $129,662 |
| Fees for services: Accounting | $23,943 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $570,556 |
| Advertising and promotion | $210 |
| Office expenses | $8,674 |
| Information technology | $19,049 |
| Royalties | $0 |
| Occupancy | $2,111 |
| Travel | $21,806 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $25,861 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $3,314 |
| All other expenses | $0 |
| Total functional expenses | $1,488,248 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $267,919 |
| Savings and temporary cash investments | $814,325 |
| 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 | $392 |
| 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 | $1,082,636 |
| Accounts payable and accrued expenses | $127,339 |
| 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 | $127,339 |
| Net assets without donor restrictions | $0 |
| 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 | $955,297 |
| Total liabilities and net assets/fund balances | $1,082,636 |