SAN FRANCISCO TRAVEL ASSOCIATION

EIN: 940835150

SAN FRANCISCO, CA

Total Revenue
$29,866,275
Total Expenses
$29,279,182
Total Assets
$18,878,266
Net Assets
$9,271,155
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1909
Legal Domicile
CA
Principal Officer
ANNA MARIE PRESUTTI
Phone
4159746900
Tax Period
2023-01-01 to 2023-12-31

SAN FRANCISCO TRAVEL ASSOCIATION, founded in 1909, is a mid-sized nonprofit that reported $29.9M in total revenue in fiscal year 2023. Revenue surged 38% from the prior year, signaling strong growth momentum.

Mission

TO ENHANCE THE LOCAL ECONOMY BY MARKETING SAN FRANCISCO AND THE BAY AREA AS THE PREMIER DESTINATION FOR CONVENTIONS, MEETINGS, EVENTS AND LEISURE TRAVEL.

Program Service Accomplishments

Program 1

AS THE CITY'S OFFICIAL VISITOR PROMOTION ORGANIZATION, THE PRIMARY PURPOSE OF THE SAN FRANCISCO TRAVEL ASSOCIATION IS TO ENHANCE SAN FRANCISCO'S ECONOMY BY PROMOTING THE CITY AS A SITE FOR...

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AS THE CITY'S OFFICIAL VISITOR PROMOTION ORGANIZATION, THE PRIMARY PURPOSE OF THE SAN FRANCISCO TRAVEL ASSOCIATION IS TO ENHANCE SAN FRANCISCO'S ECONOMY BY PROMOTING THE CITY AS A SITE FOR CONVENTIONS AND TRADE SHOWS, AND AS A DESTINATION FOR LEISURE TRAVELERS. IN SUPPORT OF THIS PURPOSE, SAN FRANCISCO TRAVEL PROVIDES SALES AND MARKETING, AS WELL AS INFORMATION SERVICES TO FACILITATE AN EXCELLENT VISITOR EXPERIENCE AND ENHANCE THE VISIBILITY OF ITS MEMBERS.DURING PERIOD JANUARY TO DECEMBER 2023, SAN FRANCISCO TRAVEL'S CONVENTION DIVISION BOOKED FUTURE MEETINGS REPRESENTING 705,301 HOTEL ROOM NIGHTS. THE DIVISION CONTINUED TO REFINE SALES STRATEGIES FOR BOTH CITYWIDE CONVENTIONS AS WELL AS SELF-CONTAINED STRATEGIES TO ADDRESS BUSINESS DURING THE MOSCONE EXPANSION PERIOD.SAN FRANCISCO TRAVEL COMPLETED COMPREHENSIVE RESEARCH ON VISITOR ATTITUDES, USAGE, AND VISITATION IN THE DOMESTIC AND INTERNATIONAL MARKETS. SF TRAVEL CONTINUES TO USE THE CUSTOM ECONOMIC IMPACT CALCULATOR MODULE FOR CONVENTIONS, SPORT EVENTS AND SPECIAL EVENT. ADDITIONALLY, SAN FRANCISCO TRAVEL ASSOCIATION CONTINUES TO UTILIZE DATABASE MODELING AND INTELLIGENCE FOR VISITOR VOLUME, PAID NIGHTS AND TOTAL VISITOR SPEND BY COUNTRY AND REGION TO BETTER TRACK ROI OF SALES AND MARKETING SPEND.IN 2023, SAN FRANCISCO TRAVEL PUBLIC POLICY STAFF ALONG WITH THE BOARD OF DIRECTORS CONTINUED TO EDUCATE AND ADVOCATE AROUND ISSUES WHICH AFFECT THE VISITOR EXPERIENCE, AND THEREFORE THE ECONOMIC IMPACT OF THE INDUSTRY. SF TRAVEL SUPPORTED INCREASED FUNDING FOR STREET CLEANING, HOMELESS SERVICES, AND SECURITY, AS WELL AS ADVOCATED FOR ACCOMMODATIONS AND IMPROVED TRANSPORTATION SERVICES TO MEET CLIENT NEEDS.THE MARKETING ORGANIZATION DEVELOPED MARKETING CAMPAIGNS THAT GENERATED MILLIONS OF VISITORS TO OUR VARIOUS WEBSITES IN DIFFERENT LANGUAGES. THE GLOBAL PR & MEDIA RELATIONS DEPARTMENT GENERATED NEARLY OVER 1,000 PIECES OF EARNED COVERAGE GLOBALLY.SAN FRANCISCO TRAVEL PUBLISHED THE FOLLOWING DIGITAL TITLES IN PARTNERSHIP WITH MILES MEDIA: THE SAN FRANCISCO VISITORS PLANNING GUIDE FOR DISTRIBUTION TO THE TRAVELING PUBLIC AS WELL AS SEVERAL MAP-GUIDES IN MULTIPLE LANGUAGES. IN ADDITION, A MEETING PLANNER'S GUIDE AND A TRAVEL PLANNER'S GUIDE ARE ALSO PUBLISHED FOR FREE DISTRIBUTION TO THE MEETING PLANNERS AND PROFESSIONAL TRAVEL PLANNERS DOMESTICALLY AND INTERNATIONALLY. THESE PUBLICATIONS WERE AVAILABLE IN DIGITAL FORMATS THAT COULD BE DOWNLOADED AS PDFS. SAN FRANCISCO TRAVEL'S TOURISM STAFF EXECUTED SEVEN FULLY INTEGRATED PROMOTIONAL MARKETING CAMPAIGNS IN KEY INTERNATIONAL MARKETS, INCLUDING CANADA, UK, GERMANY, AND INDIA. ALL CAMPAIGNS FEATURED A ROOM NIGHT GENERATING COMPONENT. THE TEAM ALSO SUCCESSFULLY RENEWED ITS CONTRACT WITH SAN FRANCISCO INTERNATIONAL AIRPORT (SFO) FOR INTERNATIONAL MARKETING SERVICES, PROVIDING CRITICAL SUPPORT FOR MANY OF OUR INTERNATIONAL PROGRAMS. THE RENEWED CONTRACT, AWARDED AFTER A RIGOROUS RFP PROCESS AND WITH AN ANNUAL AMOUNT OF $1.3M, WAS ISSUED FOR THE PERIOD JAN 1, 2023 - DEC 31, 2027, WITH TWO OPTIONS TO RENEW THE AGREEMENT FOR A PERIOD OF TWO YEARS EACH. STAFF ALSO ATTENDED KEY MISSIONS, TRADE SHOWS, INCLUDING IPW, BRAND USA TRAVEL WEEK AND OTHERS.

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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 $25,794,674
Program Service Revenue $3,429,056
Investment Income $140,750
Other Revenue $501,795
TOTAL REVENUE $29,866,275

Expense Breakdown

Grants Paid $0
Salaries & Benefits $12,116,197
Fundraising Expenses $0
Other Expenses $17,162,985
TOTAL EXPENSES $29,279,182

Year-over-Year Comparison

2023 2022 Change
Revenue $29,866,275 $21,568,933 +0.4%
Expenses $29,279,182 $22,297,505 +0.3%
Net Income $587,093 $-728,572 -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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Governance

Voting Members
32
Independent Members
32
Employees
62
Volunteers
32

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
11
$1,658,624
Total Directors
36
$0
Key Employees
5
$1,990,982
Highest Compensated
5
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
RANDALL REYNOSO CHAIR 2.00
Officer Director
$0 $0 $0
TERRY LEWIS CHAIR-ELECT 2.00
Officer Director
$0 $0 $0
IKE KWON IMMEDIATE PAST CHAIR 2.00
Officer Director
$0 $0 $0
MICHAEL BAIER SECRETARY/TREASURER 2.00
Officer Director
$0 $0 $0
CHRISTINE GAUDENZI MARKETING COUNCIL CHAIR 2.00
Officer Director
$0 $0 $0
ANNA MARIE PRESUITT MEETING AND CONVENTION COUNCIL CHAIR 2.00
Officer Director
$0 $0 $0
GAIL HUNTER PUBLIC POLICY CHAIR 2.00
Officer Director
$0 $0 $0
ANNIE ALLEN TOURISM CHAIR 2.00
Officer Director
$0 $0 $0
JOHN ANDERSON DIRECTOR 2.00
Director
$0 $0 $0
GARY BAUER DIRECTOR 2.00
Director
$0 $0 $0
JAMES BEAUMONTE DIRECTOR 2.00
Director
$0 $0 $0
JILL BENSON DIRECTOR 2.00
Director
$0 $0 $0
MARIO BEVILACQUA DIRECTOR (THRU 04/23) 2.00
Director
$0 $0 $0
JENNIFER BUFFO DIRECTOR 2.00
Director
$0 $0 $0
CARMEN CHU DIRECTOR 2.00
Director
$0 $0 $0
SANDRA FLETCHER DIRECTOR 2.00
Director
$0 $0 $0
ANDREW FREEMAN DIRECTOR 2.00
Director
$0 $0 $0
NANY FULLMORE DIRECTOR 2.00
Director
$0 $0 $0
PAPIA GAMBELIN DIRECTOR 2.00
Director
$0 $0 $0
TERRY HANEY DIRECTOR 2.00
Director
$0 $0 $0
MARIA JENSON DIRECTOR 2.00
Director
$0 $0 $0
HEATHER KEENAN DIRECTOR 2.00
Director
$0 $0 $0
KIRSTEN KOMOROSKE DIRECTOR (THRU 06/23) 2.00
Director
$0 $0 $0
JOHN KONSTIN DIRECTOR 2.00
Director
$0 $0 $0
DAVID LEWIN DIRECTOR 2.00
Director
$0 $0 $0
STEPHEN MCLEOD DIRECTOR 2.00
Director
$0 $0 $0
YOYO MURPHY DIRECTOR 2.00
Director
$0 $0 $0
JOEY NEVIN DIRECTOR 2.00
Director
$0 $0 $0
KATHY PAVER DIRECTOR 2.00
Director
$0 $0 $0
KIRK PEDERSON DIRECTOR 2.00
Director
$0 $0 $0
IVAR SATERO DIRECTOR (THRU 04/23) 2.00
Director
$0 $0 $0
KATE SOFIS DIRECTOR (THRU 04/23) 2.00
Director
$0 $0 $0
JENNY THOMASSIAN DIRECTOR 2.00
Director
$0 $0 $0
MARKUS TREPPENHAUER DIRECTOR 2.00
Director
$0 $0 $0
RAYMOND VERMOLEN DIRECTOR 2.00
Director
$0 $0 $0
CINDY WONG-CHEN DIRECTOR 2.00
Director
$0 $0 $0
JOSEPH D'ALESSANDRO PRESIDENT/CEO 37.50
Officer
$959,876 $117,265 $1,077,141
TINA WU EVP, CHIEF FINANCIAL OFFICER 37.50
Officer
$359,737 $88,482 $448,219
SCOTT BECK PRESIDENT/CEO (START 10/30/23) 37.50
Officer
$129,685 $3,579 $133,264
NICOLE ROGERS EVP, CHIEF CUSTOMER OFFICER 37.50
Key Emp
$378,633 $109,305 $487,938
PAUL FRENTSOS EVP, COO 37.50
Key Emp
$344,373 $73,568 $417,941
HUBERTUS FUNKE EVP, CHIEF TOURISM OFFICER 37.50
Key Emp
$298,637 $52,318 $350,955
CASSANDRA MCGOLDRICK EVP, CHIEF POLICY & EXT AFFRS OFFICER 37.50
Key Emp
$303,514 $76,991 $380,505
LYNN BRUNI PERKINS EVP, CHIEF MKT OFFICER 37.50
Key Emp
$286,120 $67,523 $353,643
CHRISTINA HOPEMAN VP, INFO/TECH 37.50
Highest
$269,392 $71,377 $340,769
KENLEY MOY VP, NATIONAL SALES 37.50
Highest
$264,970 $51,734 $316,704
BRETT ALLOR VP. MARKET STRATEGY & RESEARCH 37.50
Highest
$210,583 $44,385 $254,968
SCOTT STREETER VP, GLOBAL PARTNERSHIPS 37.50
Highest
$203,479 $62,216 $265,695
LORI LINCOLN VP, GLOBAL PR & MEDIA RELATIONS 37.50
Highest
$202,658 $52,929 $255,587
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 $29,866,275 $29,279,182 $18,878,266 $587,093
2022 $21,568,933 $22,297,505 $17,682,699 $-728,572
2021 $15,738,684 $17,926,112 $17,687,275 $-2,187,428
2020 $14,689,774 $23,362,532 $19,976,882 $-8,672,758
2019 $38,112,773 $36,652,482 $26,928,167 $1,460,291
2018 $32,578,863 $31,851,645 $24,795,199 $727,218
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