2016-05-11T16:06:33-05:00 2015-09-30 910189318 MOSS ADAMS LLP 3121 W MARCH LN STE 200 STOCKTON CA 952192367 990 2014-10-01 364681868 THE CORPORATION FOR TRAVEL PROMOTION CORP 2025362060 1725 EYE STREET NW NO 800 WASHINGTON DC 20006 CHRISTOPHER L THOMPSON CHIEF EXECUTIVE OFFICER 2025362060 2016-05-10 1 TRACY S PAGLIA P00366884 2099556100 2016-05-10 2014 2016-08-17 19:52:53Z BRAND USA CHRISTOPHER L THOMPSON 1725 EYE STREET NW NO 800 WASHINGTON DC 20006 197761872 0 X WWW.THEBRANDUSA.COM X 2010 DC PROMOTION OF THE U.S. AS A PREMIER TRAVEL DESTINATION & COMMUNICATING U.S. ENTRY/EXIT POLICIES & PROCEDURES. 11 11 62 11 0 0 235900836 160935066 293502 5080236 31259 35554 123421 291003 236349018 166341859 0 0 0 0 7095270 8845885 0 0 0 166851901 150663514 173947171 159509399 62401847 6832460 193039304 183946692 34858255 18321412 158181049 165625280 X THE MISSION OF BRAND USA IS TO ENCOURAGE INCREASED INTERNATIONAL VISITATION TO THE UNITED STATES AND TO GROW AMERICA'S SHARE OF THE GLOBAL TRAVEL MARKET. IN DOING SO, WE AIM TO BRING MILLIONS OF NEW INTERNATIONAL VISITORS WHO SPEND BILLIONS OF DOLLARS TO THE UNITED STATES, CREATING TENS OF THOUSANDS OF NEW AMERICAN JOBS. 0 0 BRAND USA RAN CONSUMER ADVERTISING CAMPAIGNS FOCUSED ON INTERNATIONAL TRAVEL TO THE UNITED STATES IN 12 INTERNATIONAL MARKETS DURING FY15. BRAND USA RAN COOPERATIVE DIGITAL ADVERTISING CAMPAIGNS THROUGH ONLINE TRAVEL AGENT MARKETS IN PARTNERSHIP WITH STATE AND REGIONAL DESTINATION MARKETING ORGANIZATIONS AND CONVENTION AND VISITOR BUREAUS. BRAND USA PARTICIPATED IN MULTIPLE INTERNATIONAL TRAVEL TRADE SHOWS AND EVENTS. BRAND USA CONDUCTED "IN-MARKET" ACTIVITIES PURSUANT TO ITS MISSION VIA LOCAL REPRESENTATIVE AGENCIES IN 12 INTERNATIONAL MARKETS. BRAND USA PUBLISHED DIGITAL AND PRINTED MATERIALS DESIGNED TO HELP INTERNATIONAL TRAVELERS UNDERSTAND VISA, CUSTOMS AND ENTRY REQUIREMENTS, AS WELL AS A DIGITAL GUIDE TO TRAVEL WITHIN THE USA (CURRENCY, TRAVEL OPTIONS, ETC.). 0 1 0 0 0 0 0 0 0 1 0 0 0 1 1 1 0 0 1 1 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 63 0 1 62 1 0 0 0 0 1 1 0 X 11 11 0 0 0 0 0 0 0 1 1 0 0 1 1 0 1 1 1 1 0 0 X DONALD F RICHARDSON CFO 2025362060 1725 EYE STREET NW SUITE 800 WASHINGTON DC 20006 ARNE SORENSON CHAIRMAN, TREASURER 4.00 X X 0 0 0 TOM KLEIN VICE CHAIRMAN 4.00 X X 0 0 0 BARBARA RICHARDSON VICE CHAIRMAN 4.00 X X 0 0 0 ANDY GREENFIELD SECETARY 4.00 X X 0 0 0 DANIEL HALPERN TREASURER, CHAIRMAN 2.00 X X 0 0 0 MARK SCHWAB DIRECTOR 1.00 X 0 0 0 CAROLINE BETETA DIRECTOR 1.00 X 0 0 0 GEORGE FERTITTA DIRECTOR 1.00 X 0 0 0 ROY YAMAGUCHI DIRECTOR 1.00 X 0 0 0 JOHN EDMAN DIRECTOR 1.00 X 0 0 0 RANDY GARFIELD DIRECTOR 1.00 X 0 0 0 DIANE SHOBER THRU 1214 DIRECTOR 1.00 X 0 0 0 CHRIS THOMPSON CEO & PRESIDENT 40.00 X 562000 0 21206 DONALD RICHARDSON CHIEF FINANCIAL OFFICER 40.00 X 300000 0 20019 ANNE MADISON CHIEF COMMUNICATIONS OFFICER 40.00 X 265000 0 29627 THOMAS J GARZILLI SVP, GLOBAL SPONSORSHIPS 40.00 X 250000 0 27556 ALFREDO H GONZALEZ THRU 115 SVP, GLOBAL MKT. DEV. 40.00 X 226000 0 20348 YVONNE K LA PENOTIERE CHIEF MKTG OFFICER (THRU 2/14) 40.00 X 216667 0 4732 KARYN GOLDSTEIN SVP, PARTNER PROGRAMS 40.00 X 200000 0 17123 STANLEY MATTOS VP, OPERATIONS 40.00 X 206250 0 15611 CARROLL RHEEM VP, RESEARCH & ANALYTICS 40.00 X 180000 0 11326 AMIR EYLON THRU 615 VP, PARTNER ENGAGEMENT 40.00 X 200000 0 24711 JAY GRAY THRU 1214 VP. GLOBAL MKT. DEV. 40.00 X 186714 0 5599 2792631 0 197858 20 0 1 0 MACGILLIVRAY FREEMAN FILMS PO BOX 205 LAGUNA BEACH CA 92652 MARKETING 6525000 GEOMETRY GLOBAL PO BOX 8500-51590 PHILADELPHIA PA 19178 MARKETING 6478435 BBC WORLDWIDE PO BOX 511 PARKWAY 4 MANCHESTER UK M14 7XN MARKETING 2857750 CHECK SIX PRODUCTIONS 11071 VENTURE BLVD STUDIO CITY CA 91604 MARKETING 1380678 BDO USA LLP 7101 WISCONSIN AVE SUITE 800 BETHESDA MD 20814 CONSULTING 1062004 20 113876071 47058995 160935066 SPONSORSHIP REVENUE 900099 4345266 4345266 PROGRAM REVENUE 900099 734970 734970 5080236 773617 773617 30681950 31420013 -738063 -738063 -738063 MISCELLANEOUS REVENUE 900099 291003 291003 291003 166341859 5080236 0 326557 1802484 6016042 177761 401389 448209 571327 994855 1174186 142778039 995422 338959 1174552 802706 1833468 159509399 42161259 31879126 2479029 10368297 25629172 26204559 83258325 84130753 6850402 5115891 326969 34687 249271 292282 27316378 19095367 4999010 6737419 96458 122998 193039304 183946692 26029733 17144432 8423453 350000 405069 826980 34858255 18321412 X 132551877 132735023 25629172 32890257 158181049 165625280 193039304 183946692 X 6832460 117685 575386 -81300 X 0 1 X 1 0 RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 264540 264540 32933 19939 12994 29496 14748 14748 292282 DEFERRED RENT 826980 826980 X 246904624 117685 80526380 80644065 166260559 81300 81300 166341859 239460393 79950994 79950994 159509399 0 159509399 PART X, LINE 2: CTP IS EXEMPT FROM FEDERAL INCOME TAXES UNDER THE PROVISIONS OF SECTION 501(C)(6) OF THE INTERNAL REVENUE CODE. CONTRIBUTIONS TO CTP ARE NOT TAX DEDUCTIBLE BY DONORS UNDER SECTION 170(C)(2) OF THE INTERNAL REVENUE CODE. CTP USES A COMPREHENSIVE MODEL FOR RECOGNIZING, MEASURING, PRESENTING AND DISCLOSING IN THE FINANCIAL STATEMENTS TAX POSITIONS TAKEN OR EXPECTED TO BE TAKEN ON A TAX RETURN. A TAX POSITION IS RECOGNIZED AS A BENEFIT ONLY IF IT IS "MORE LIKELY THAN NOT" THAT THE TAX POSITION WOULD BE SUSTAINED IN A TAX EXAMINATION, WITH A TAX EXAMINATION BEING PRESUMED TO OCCUR. THE AMOUNT RECOGNIZED IS THE LARGEST AMOUNT OF TAX BENEFIT THAT IS GREATER THAN 50% LIKELY OF BEING REALIZED ON EXAMINATION. FOR TAX POSITIONS NOT MEETING THE "MORE LIKELY THAN NOT" TEST, NO TAX BENEFIT IS RECORDED. CTP DOES NOT BELIEVE ITS FINANCIAL STATEMENTS INCLUDE ANY UNCERTAIN TAX POSITIONS. PART XI, LINE 4B - OTHER ADJUSTMENTS: CANCELLED COMMITMENTS TO CONTRIBUTE NET WITH REVENUE FOR BOOKS CENTRAL AMERICA AND THE CARIBBEAN 0 0 PROGRAM SERVICES ADVERTISING, TRAVEL, TRADE 1300 EAST ASIA AND THE PACIFIC 0 6 PROGRAM SERVICES ADVERTISING, TRAVEL, TRADE 19796288 EUROPE (INCLUDING ICELAND AND GREENLAND) 0 2 PROGRAM SERVICES ADVERTISING, TRAVEL, TRADE 30337587 MIDDLE EAST AND NORTH AFRICA 0 1 PROGRAM SERVICES ADVERTISING, TRAVEL, TRADE 964296 NORTH AMERICA (CANADA AND MEXICO) 0 2 PROGRAM SERVICES ADVERTISING, TRAVEL, TRADE 6904847 RUSSIA AND NEIGHBORING STATES 0 0 PROGRAM SERVICES ADVERTISING, TRAVEL, TRADE 16000 SOUTH AMERICA 0 1 PROGRAM SERVICES ADVERTISING, TRAVEL, TRADE 2523470 SOUTH ASIA 0 1 PROGRAM SERVICES ADVERTISING, TRAVEL, TRADE 975067 0 13 0 0 0 13 61518855 0 61518855 0 0 0 0 0 1 PART I, LINE 3, COLUMN (F) AS PART OF ITS ADVERTISING AND RELATED ACTIVITIES TO PROMOTE INTERNATIONAL TRAVEL TO THE USA, THE ORGANIZATION CONDUCTS COOPERATIVE ADVERTISING AND MARKETING ACTIVITIES WITH PARTNER ORGANIZATIONS. RECORDS OF THESE ACTIVITIES ARE TRACKED BY THE ORGANIZATION'S ACCOUNTING AND PARTNERSHIP PROCESSES. THE ACCRUAL METHOD OF ACCOUNTING IS USED TO ACCOUNT FOR SUCH EXPENSES. X 1 1 X 1 0 0 CHRIS THOMPSON CEO & PRESIDENT 400000 0 84000 0 78000 0 10635 0 10571 0 583206 0 0 0 DONALD RICHARDSON CHIEF FINANCIAL OFFICER 300000 0 0 0 0 0 10900 0 9119 0 320019 0 0 0 ANNE MADISON CHIEF COMMUNICATIONS OFFICER 265000 0 0 0 0 0 10400 0 19227 0 294627 0 0 0 THOMAS J GARZILLI SVP, GLOBAL SPONSORSHIPS 250000 0 0 0 0 0 8021 0 19535 0 277556 0 0 0 ALFREDO H GONZALEZ THRU 115 SVP, GLOBAL MKT. DEV. 225000 0 0 0 1000 0 6750 0 13598 0 246348 0 0 0 YVONNE K LA PENOTIERE CHIEF MKTG OFFICER (THRU 2/14) 54167 0 0 0 162500 0 2167 0 2565 0 221399 0 0 0 KARYN GOLDSTEIN SVP, PARTNER PROGRAMS 200000 0 0 0 0 0 8000 0 9123 0 217123 0 0 0 STANLEY MATTOS VP, OPERATIONS 206250 0 0 0 0 0 7500 0 8111 0 221861 0 0 0 CARROLL RHEEM VP, RESEARCH & ANALYTICS 180000 0 0 0 0 0 5386 0 5940 0 191326 0 0 0 AMIR EYLON THRU 615 VP, PARTNER ENGAGEMENT 200000 0 0 0 0 0 6000 0 18711 0 224711 0 0 0 JAY GRAY THRU 1214 VP. GLOBAL MKT. DEV. 170000 0 0 0 16714 0 3400 0 2199 0 192313 0 0 0 PART I, LINE 1A THE CEO RECEIVED LIMITED HOUSING ALLOWANCE ACCORDING TO HIS EMPLOYMENT AGREEMENT, WHICH WAS REPORTED AS TAXABLE COMPENSATION ON THE W-2. PART I, LINE 4A YVONNE K LA PENOTIERE RECEIVED SEVERANCE IN 2014. FORM 990, PART VI, SECTION B, LINE 11 THE 990 INFORMATION IS COMPILED BY THE CORPORATION'S FINANCE DEPARTMENT WHICH WORKS CLOSELY WITH THE INDEPENDENT ACCOUNTING FIRM OF MOSS ADAMS LLP IN PREPARING THE RETURN. THE RETURN IS THEN PROVIDED TO MEMBERS OF THE BOARD OF DIRECTORS TO REVIEW PRIOR TO ITS FILING. FORM 990, PART VI, SECTION B, LINE 12C THE CORPORATION FOR TRAVEL PROMOTION HAS A WRITTEN CONFLICT OF INTEREST POLICY. MANAGEMENT MONITORS AND ENFORCES COMPLIANCE BY WAY OF REVIEW BY INTERNAL COUNSEL, THE COLLECTION OF ANNUAL CERTIFICATES AND THROUGH A CONFLICT OF INTEREST COMMITTEE WITH POWER DELEGATED TO IT BY THE BOARD OF DIRECTORS. THE CONFLICT OF INTEREST COMMITTEE IS COMPRISED OF DISINTERESTED DIRECTORS ENSURING THAT NO DIRECTOR WITH A POTENTIAL INTEREST IN THE TRANSACTION HAS A VOTE. FORM 990, PART VI, SECTION B, LINE 15A THE CORPORATION'S BOARD OF DIRECTORS AUTHORIZED A SEARCH COMMITTEE AND DESIGNATED IT WITH AUTHORITY TO CONDUCT AN EXECUTIVE DIRECTOR (CEO) SEARCH. THE COMMITTEE WAS SELECTED TO RESEARCH AND RECOMMEND A SEARCH FIRM FOR THE COMMITTEE TO CONDUCT THE JOB SEARCH FOR THE EXECUTIVE DIRECTOR (CEO) POSITION. THE BOARD VOTED TO HIRE THE EXECUTIVE SEARCH FIRM, SPENCER STUART, TO CONDUCT THE CEO SEARCH. THE COMMITTEE WAS RESPONSIBLE FOR WORKING WITH THE SEARCH FIRM TO DEVELOP THE WRITTEN EMPLOYMENT CONTRACT, REVIEW THE COMPENSATION AND TO SCREEN THE LEADING CANDIDATES. THE BOARD, IN CONSULTATION WITH THE SEARCH FIRM, SET THE COMPENSATION BASED ON A COMBINATION OF THE FOLLOWING FACTORS: A) BENCHMARKS OF OTHER PUBLIC-PRIVATE PARTNERSHIPS, B) GREATER METRO WASHINGTON DC SALARY BANDS FOR CEO'S, AND C) OTHER NON-PROFIT ORGANIZATIONS OF SIMILAR SIZE AND SCOPE OF SERVICES. ALL MEMBERS OF THE COMMITTEE WERE INDEPENDENT WITH RESPECT TO THE CANDIDATES FOR THE POSITION AND THE EXECUTIVE DIRECTOR (CEO) ULTIMATELY SELECTED. WHILE WORKING WITH THE SEARCH FIRM, THE COMMITTEE CONTEMPORANEOUSLY DOCUMENTED DELIBERATIONS AND DISCUSSIONS. THE MEANS OF DETERMINING COMPENSATION AND DEVELOPING THE WRITTEN EMPLOYMENT CONTRACT WERE ALSO DOCUMENTED THROUGHOUT THE PROCESS. OTHER KEY EMPLOYEES COMPENSATION IS DETERMINED BY THE MARKET USING EXECUTIVE SEARCH FIRMS AND COMPENSATION STUDIES. THE COMPENSATION REVIEW PROCESS WAS LAST DONE AUGUST 2014. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION MAKES ITS GOVERNING DOCUMENTS AVAILABLE ON TO THE PUBLIC ON THEIR WEBSITE. THE CONFLICT OF INTEREST POLICY AND FINANCIAL STATEMENTS ARE AVAILABLE UPON REQUEST. FORM 990, PART XI, LINE 9: CANCELLED COMMITMENTS TO CONTRIBUTE NET WITH REVENUE FOR BOOKS -81,300.