2014-08-13T15:16:42-05:00 2013-09-30 910189318 MOSS ADAMS LLP 3121 W MARCH LN STE 100 STOCKTON CA 952192303 990 2012-10-01 364681868 THE CORPORATION FOR TRAVEL PROMOTION CORP 2025362060 1725 EYE STREET NW NO 800 WASHINGTON DC 20006 CHRISTOPHER L THOMPSON 2025362060 2014-08-12 1 TRACY S PAGLIA P00366884 2099556100 2012 2015-11-30 17:44:51Z BRAND USA CHRISTOPHER L THOMPSON 1725 EYE STREET NW NO 800 WASHINGTON DC 20006 137677623 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 32 11 0 0 83476609 135700563 1993076 1951162 280 756 12698 25142 85482663 137677623 0 0 0 0 4647879 4952451 0 0 0 43197045 80455097 47844924 85407548 37637739 52270075 119337237 188276897 81402609 95445279 37934628 92831618 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 10 INTERNATIONAL MARKETS DURING FY13. 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 TEN 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 36 0 1 32 1 0 0 0 0 1 0 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 X DONALD F RICHARDSON CFO 2025362060 1725 EYE STREET NW SUITE 800 WASHINGTON DC 20006 GEORGE FERTITTA 4.00 X 0 0 0 CAROLINE BETETA 4.00 X X 0 0 0 DANIEL HALPERN 5.00 X 0 0 0 LYNDA ZENGERLE 1.00 X 0 0 0 DAVID LIM 3.00 X X 0 0 0 RANDY A GARFIELD 3.00 X 0 0 0 DIANE SHOBER 1.00 X X 0 0 0 MARK SCHWAB 1.00 X 0 0 0 ROY YAMAGUCHI 1.00 X 0 0 0 TOM KLEIN 1.00 X 0 0 0 ARNE SORENSON 1.00 X X 0 0 0 CHRISTOPHER THOMPSON 40.00 X 83776 0 1210 MARY ELLEN CURTO 40.00 X 39583 0 1170 DONALD RICHARDSON 40.00 X 0 0 0 ANNE MADISON 40.00 X 220833 0 13271 CHRISTOPHER PERKINS 40.00 X 530769 0 14080 PAUL CERULA 40.00 X 325000 0 16107 MICHAEL CARROLL 40.00 X 205357 0 15370 JOEL SECUNDY 40.00 X 437500 0 11141 GAIL REISMAN 40.00 X 222116 0 12872 RICHARD SANTIAGO 40.00 X 179538 0 5576 JAMES EVANS 40.00 X 470319 0 8071 SHABU THOMAS 40.00 X 160961 0 12325 BRYAN LEWIS 40.00 X 153750 0 655 3029502 0 111848 19 1 1 0 JWT PO BOX 8500-51590 PHILADELPHIA PA 19178 MARKETING 1812605 MAILMAN GROUP LANE 210 TAIKANG RD SHANGHAI CH 200025 WEBSITE SERVICES 1480474 AVIAREPS MARKETING GARDEN LTD 1 QUEENS RD CENTRAL HONG KONG SHINJUKU-KU TOKYO JA 160-00008 MARKETING 845330 BLACK DIAMOND FILMS LTD REGINA HOUSE 124 FINCHLEY ROAD LONDON UK NW35JS MARKETING 730596 BDO USA LLP PO BOX 642743 PITTSBURGH PA 15264 CONSULTING 660289 19 101225424 34475139 135700563 PARTNER PUBLISHING REVENUE 900099 1270746 1270746 TRADE SHOW REVENUE 900099 308886 308886 MILES MEDIA REVENUE 900099 191425 191425 OTHER PROGRAM REVENUE 900099 180014 180014 MUSIC DOWNLOAD INCOME 900099 91 91 1951162 756 756 MISCELLANEOUS REVENUE 900099 25142 25142 25142 137677623 1951162 0 25898 1049734 3221094 468207 213416 863911 498781 1168196 69190146 1606921 103375 928226 2572870 3522671 85407548 31908907 50920876 100000 0 22442858 77597943 98570865 384149 10905042 500279 161776 268417 338503 7624600 5023796 1453221 74957 119337237 188276897 21824874 16615473 59288449 78482446 289286 347360 81402609 95445279 X 37934628 70388760 22442858 37934628 92831618 119337237 188276897 52270075 2626915 0 X 0 1 X 1 0 RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 119335 12788 106547 57946 23868 34078 322998 125120 197878 338503 DEFERRED RENT 347360 347360 X 230716075 93038452 93038452 137677623 0 137677623 178446000 93038452 93038452 85407548 0 85407548 DESCRIPTION OF UNCERTAIN TAX POSITIONS UNDER FIN 48: 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. CTP FILES INCOME TAX RETURNS IN THE U.S. FEDERAL JURISDICTION. GENERALLY, CTP IS SUBJECT TO EXAMINATION BY U.S. FEDERAL (OR STATE AND LOCAL) INCOME TAX AUTHORITIES BEGINNING IN 2010, WHICH IS THE YEAR OF CTP'S INCEPTION. EUROPE (INCLUDING ICELAND & GREENLAND) 0 2 PROGRAM SERVICES ADVERTISING, TRAVEL TRADE 7600848 EAST ASIA AND THE PACIFIC 0 4 PROGRAM SERVICES ADVERTISING, TRAVEL TRADE 8060000 NORTH AMERICA 0 1 PROGRAM SERVICES ADVERTISING, TRAVEL TRADE 5455000 SOUTH ASIA 0 1 PROGRAM SERVICES ADVERTISING, TRAVEL TRADE 292000 RUSSIA & THE NEWLY INDEPENDENT STATES 0 0 PROGRAM SERVICES ADVERTISING, TRAVEL TRADE 1434500 0 8 0 0 0 8 22842348 0 22842348 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 X 1 1 X 1 0 0 ANNE MADISON 220833 0 0 0 0 0 0 0 13271 0 234104 0 0 0 CHRISTOPHER PERKINS 330769 0 0 0 200000 0 2000 0 12080 0 544849 0 0 0 PAUL CERULA 325000 0 0 0 0 0 0 0 16107 0 341107 0 0 0 MICHAEL CARROLL 195513 0 0 0 9844 0 0 0 15370 0 220727 0 0 0 JOEL SECUNDY 287500 0 0 0 150000 0 0 0 11141 0 448641 0 0 0 GAIL REISMAN 173654 0 0 0 48462 0 1050 0 11822 0 234988 0 0 0 RICHARD SANTIAGO 164538 0 0 0 15000 0 0 0 5576 0 185114 0 0 0 JAMES EVANS 226154 0 0 0 244165 0 0 0 8071 0 478390 0 0 0 SHABU THOMAS 125192 0 0 0 35769 0 775 0 11550 0 173286 0 0 0 BRYAN LEWIS 85417 0 0 0 68333 0 0 0 655 0 154405 0 0 0 PART I, LINE 1A CEO WAS PERMITTED TO TRAVEL IN 1ST CLASS UNDER CERTAIN CIRCUMSTANCES. THE TRAVEL WAS FOR BUSINESS PURPOSES AND WAS NOT REPORTED AS TAXABLE COMPENSATION. 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 SEVERANCE WAS PAID TO EIGHT INDIVIDUALS AS PART OF THEIR SIGNING A SEPARATION AGREEMENT AND GENERAL RELEASE. THESE PAYMENTS WERE REPORTED AS TAXABLE INCOME ON THEIR W-2 AND ARE (OR WILL FOR THE NEXT YEAR BE) REFLECTED IN THE COMPENSATION REPORTED IN PART VIII OF FORM 990. THE AGREEMENTS ARE SUBJECT TO CONFIDENTIALITY AGREEMENTS. DETAILS ARE AVAILABLE TO THE IRS UPON REQUEST. 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 CORPORATION FOR TRAVEL PROMOTION HAS A WRITTEN CONFLICT OF INTEREST POLICY. ANNUALLY, OFFICERS, DIRECTORS, TRUSTEES, AND KEY EMPLOYEES ARE REQUIRED TO DISCLOSE ANY INTERESTS THAT COULD POTENTIALLY GIVE RISE TO A CONFLICT. MANAGEMENT MONITORS AND ENFORCES COMPLIANCE WITH THIS POLICY REGULARLY. IF A PERSON HAS A CONFLICT WITH RESPECT TO A TRANSACTION, SUCH PERSON IS NOT ALLOWED TO VOTE. THERE HAVE BEEN NO INCIDENCES OF CONFLICT DURING THE REPORTING PERIOD. 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. THE COMPENSATION REVIEW PROCESS WAS LAST DONE AUGUST 2012. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION MAKES ITS GOVERNING DOCUMENTS AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC ON THEIR WEBSITE. THE CONFLICT OF INTEREST POLICY IS AVAILABLE UPON REQUEST.