GBTA FOUNDATION

EIN: 133505379 501(c)(3)

ALEXANDRIA, VA

Total Revenue
$1,358,448
Total Expenses
$1,135,545
Total Assets
$484,794
Net Assets
$177,058
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1989
Legal Domicile
NY
Principal Officer
DELPHINE MILLOT
Phone
7036840836
Tax Period
2023-01-01 to 2023-12-31

GBTA FOUNDATION, founded in 1989, is a community nonprofit that reported $1.4M in total revenue in fiscal year 2023. Revenue grew 10% year-over-year, indicating healthy expansion. The organization ran a surplus of $223K, a strong 16% operating margin.

Mission

THE GBTA FOUNDATION WAS ESTABLISHED TO CATALYZE ACTION IN THE GLOBAL BUSINESS TRAVEL INDUSTRY AROUND CREATING A POSITIVE IMPACT AND BETTER FUTURE FOR PEOPLE AND THE PLANET BY DRIVING AND FUNDING INITIATIVES THAT FOSTER SUSTAINABILITY, INCLUSION, AND EQUITY IN BUSINESS TRAVEL.

Program Service Accomplishments

Program 1
Expenses: $427,982 Revenue: $35,148

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...

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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.

Program 2
Expenses: $354,727 Revenue: $76,538

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...

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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.

Program 3
Expenses: $127,682

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...

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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.

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Trantor Score

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $1,246,762
Program Service Revenue $111,686
Investment Income $0
Other Revenue $0
TOTAL REVENUE $1,358,448

Expense Breakdown

Grants Paid $1,200
Salaries & Benefits $771,713
Fundraising Expenses $0
Program Expenses $910,391
Other Expenses $362,632
TOTAL EXPENSES $1,135,545

Year-over-Year Comparison

2023 2022 Change
Revenue $1,358,448 $1,238,843 +0.1%
Expenses $1,135,545 $1,159,077 0.0%
Net Income $222,903 $79,766 +1.8%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Liquidity & Cash Position

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Governance

Voting Members
10
Independent Members
8
Employees
N/A
Volunteers
145

Governance Policies

Conflict of Interest Policy
Whistleblower Policy
Document Retention Policy

Special Practices & Reported Activities

Operated a School
Operated a Hospital
Provided First Class Travel
Reported Conflict of Interest
Reported Asset Diversion
Excess Benefit Transaction
Made Political Expenditures
Engaged in Lobbying
Operated Donor Advised Fund
Maintained Art Collections
Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers
4
$1,381,472
Total Directors
12
$1,004,673
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
PAUL ABBOTT CHAIR 1.00
Officer Director
$0 $0 $0
LESLIE ANDREWS BOARD MEMBER 1.00
Director
$0 $0 $0
ERICA GORDON BOARD MEMBER (THRU 7/2023) 1.00
Director
$0 $0 $0
LIZ BOWYER BOARD MEMBER (STARTED 8/2023) 1.00
Director
$0 $0 $0
SCOTT KIRBY BOARD MEMBER 1.00
Director
$0 $0 $0
DARRAGH ORMSBY BOARD MEMBER 1.00
Director
$0 $0 $0
TYRONNE STOUDEMIRE BOARD MEMBER 1.00
Director
$0 $0 $0
CAROLINE STRACHAN BOARD MEMBER 1.00
Director
$0 $0 $0
DENISE TRUSO BOARD MEMBER (THRU 8/2023) 1.00
Director
$0 $0 $0
MARK CUSHIERI BOARD MEMBER (STARTED 8/2023) 1.00
Director
$0 $0 $0
DELPHINE MILLOT SVP SUSTAINABILITY, MANAGING DIR 40.00
Officer Director
$0 $35,831 $290,673
SUZANNE NEUFANG BOARD MEMBER/GBTA CEO 10.00
Officer Director
$0 $45,308 $714,000
HEMA SHAH GBTA CFO & EVP STRATEGY 10.00
Officer
$0 $36,621 $376,799
Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year Revenue Expenses Assets Net Income
2024 No data No data No data No data
2023 $1,358,448 $1,135,545 $484,794 $222,903
2022 $1,238,843 $1,159,077 $750,584 $79,766
2018 $255,017 $280,533 $6,209 $-25,516
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