2024-10-28T16:37:33-05:00 2023-12-31 950858589 HUTCHINSON AND BLOODGOOD LLP 550 N BRAND BLVD 14TH FLOOR GLENDALE CA 91203 990 2023-01-01 941244384 PACIFIC ASIA TRAVEL ASSOCIATION C/O WOMBLE BOND DICKINSON PACI 4152910330 50 CALIFORNIA ST SUITE 2750 SAN FRANCISCO CA 94111 PAIROJ KIATTHUNSAMAI CFO 4152910330 2024-10-15 1 0 GEORGETTE M GREEN P00449497 8186375000 2024-10-15 2023 2024-10-15 13:58:12Z X PETER SEMONE 50 CALIFORNIA ST SUITE 2750 SAN FRANCISCO CA 94111 2402237 0 X WWW.PATA.ORG X 1952 HI THE MISSION OF PACIFIC ASIA TRAVEL ASSOCIATION IS TO ENHANCE, ENCOURAGE AND ASSIST IN THE DEVELOPMENT OF THE TRAVEL AND TOURISM INDUSTRY THROUGHOUT THE PACIFIC ASIA AREA. 38 38 27 0 0 0 0 0 2252411 2362624 5793 31842 8917 7771 2267121 2402237 0 0 0 0 1284298 1190312 0 0 0 1078904 981047 2363202 2171359 -96081 230878 1388699 1530466 1289437 1200326 99262 330140 THE MISSION OF PACIFIC ASIA TRAVEL ASSOCIATION IS TO ENHANCE, ENCOURAGE AND ASSIST IN THE DEVELOPMENT OF THE TRAVEL AND TOURISM INDUSTRY THROUGHOUT THE PACIFIC ASIA AREA. 0 0 709321 1675627 COMMUNICATIONS: THROUGH THIS PROGRAM, THE ASSOCIATION PROVIDES EFFECTIVE, CUTTINGEDGE COMMUNICATIONS VEHICLES AND PUBLICITY OPPORTUNITIES.DEVELOPMENT: THIS IS THE MAIN BUSINESS UNIT THROUGH WHICH THE ASSOCIATION PROVIDES STRATEGIC LINKS BETWEEN AND AMONG THE PATA MEMBERS AND ASIA PACIFIC TRAVEL AND TOURISM PROFESSIONALS. THESE ACTIVITIES ARE CARRIED OUT MAINLY THROUGH MEMBERSHIP DEPARTMENT IN BANGKOK, REGIONAL OFFICES IN EUROPE, PACIFIC AND CHINA, AND REPRESENTATIONS IN NORTH AMERICA, ASIA AND THE GULF REGIONS. REGIONAL OFFICES ALSO ORGANIZE SOME REGIONAL EVENTS SUCH AS ITB, WORLD TRAVEL MARKET AND PARTICIPATE IN OTHER LOCAL TRADE SHOWS. 484133 641860 PATA TRAVEL MART, ADVENTURE TRAVEL AND RESPONSIBLE TOURISM CONFERENCE ARE TRAVEL TRADE SHOWS AND CONFERENCES THAT BRING TOGETHER PEOPLE INVOLVED IN ADVENTURE TRAVEL AND RESPONSIBLE TOURISM TO DISCUSS AND CREATE NEW OPPORTUNITIES FOR PROMOTING ENVIRONMENTAL PROTECTIONS AND SOCIAL SUSTAINABILITY WITHIN THE INDUSTRY. 212818 45137 RESEARCH AND INTELLIGENCE: PACIFIC ASIA TRAVEL ASSOCIATION HAS STRATEGIC INTELLIGENCE CENTER WHICH PRODUCES A SERIES OF RESEARCH PUBLICATIONS AND NEWSLETTERS ABOUT THE ASIA PACIFIC TRAVEL INDUSTRY. THESE VARY AND MAY INCLUDE COMPREHENSIVE REPORTS AND UPDATES FOCUSING ON KEY MARKETS FROM AROUND THE WORLD, STATISTICAL REPORTS, FORECASTS, ISSUES AND TRENDS. 1406272 0 0 0 1 0 0 0 0 0 1 0 0 1 1 1 1 0 0 1 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 1 0 0 1 0 0 27 0 0 1 TH CH 0 0 0 0 0 0 X 38 38 0 0 0 0 1 1 1 1 1 0 1 1 1 1 1 1 0 1 1 1 0 X X PAIROJ KIATTHUNSAMAI 4152910330 201 CALIFORNIA ST STE 1700 SAN FRANCISCO CA 94111 PETER SEMONE CHAIRMAN 0.50 X X 104266 0 15760 BENJAMIN LIAO VICE CHAIRMAN 0.50 X X 0 0 0 SUMAN PANDEY SECRETARY/TREAS 0.50 X X 0 0 0 NOOR AHMAD HAMID EX-OFFICIO 0.00 X 0 0 0 MARIA PAZ ALBERTO BOARD MEMBER 0.00 X 0 0 0 BERMANCE ALDIS BOARD MEMBER 0.00 X 0 0 0 NEETHIAHNANTHAN ARI RAGAVAN BOARD MEMBER 0.00 X 0 0 0 CHRIS BOTTRILL BOARD MEMBER 0.00 X 0 0 0 YUNG-HUI CHOU BOARD MEMBER 0.00 X 0 0 0 JENNIFER CHUN BOARD MEMBER 0.00 X 0 0 0 ERIC FONG BOARD MEMBER 0.00 X 0 0 0 SAMUEL HEATHCOTE BOARD MEMBER 0.00 X 0 0 0 ANTHONY HOGLAND BOARD MEMBER 0.00 X 0 0 0 TUNKU ISKANDAR BOARD MEMBER 0.00 X 0 0 0 THAPANEE KIATPHAIBOOL BOARD MEMBER 0.00 X 0 0 0 KHEM LAKAI BOARD MEMBER 0.00 X 0 0 0 WATANA LIMNARARAT BOARD MEMBER 0.00 X 0 0 0 SIMON LLOYD BOARD MEMBER 0.00 X 0 0 0 LUZI MATZIG BOARD MEMBER 0.00 X 0 0 0 BEN MONTGOMERY BOARD MEMBER 0.00 X 0 0 0 JOE NAAMAN BOARD MEMBER 0.00 X 0 0 0 DARREN NG BOARD MEMBER 0.00 X 0 0 0 HENRY OH BOARD MEMBER 0.00 X 0 0 0 NOREDAH OTHMAN BOARD MEMBER 0.00 X 0 0 0 JONGWONG PARK BOARD MEMBER 0.00 X 0 0 0 MAYUR PATEL BOARD MEMBER 0.00 X 0 0 0 STEPHEN PEARCE BOARD MEMBER 0.00 X 0 0 0 KE-WEI PEH BOARD MEMBER 0.00 X 0 0 0 GERALD PEREZ BOARD MEMBER 0.00 X 0 0 0 RAKI PHILLIPS BOARD MEMBER 0.00 X 0 0 0 SHARZEDE SALLEH ASKOR BOARD MEMBER 0.00 X 0 0 0 SANJEET BOARD MEMBER 0.00 X 0 0 0 BIBHUTI CHAND THAKUR BOARD MEMBER 0.00 X 0 0 0 V VIDYAVATHI BOARD MEMBER 0.00 X 0 0 0 FANNY VONG BOARD MEMBER 0.00 X 0 0 0 ERICA WONG BOARD MEMBER 0.00 X 0 0 0 MUSA YUSOF BOARD MEMBER 0.00 X 0 0 0 KORNCHALEE TANTIMONGKONGSAKUL BOARD MEMBER 0.00 X 0 0 0 PAIROJ KIATTHUNSAMAI CFO 40.00 X 0 0 0 104266 0 15760 1 0 0 0 0 MEMBERSHIP 1393457 1393457 EVENT REVENUE 641860 641860 HUMAN CAPITAL DEVELOPM 230000 230000 REGIONAL & OTHER PROGR 52170 52170 RESEARCH AND INTELLIGE 45137 45137 2362624 31842 31842 OTHER INCOME 900099 7771 7771 7771 2402237 2402237 0 0 120026 67375 52651 1027836 576961 450875 42450 42450 68261 48359 19902 73264 51380 21884 13823 9180 4643 DIRECT EXPENSES 544432 544094 338 PROFESSIONAL FEES 135673 17848 117825 EDP COSTS 76753 64451 12302 GENERAL & ADMINISTRATIV 64616 23087 41529 4225 3537 688 2171359 1406272 765087 0 897526 847596 212757 424786 216529 49422 50267 62832 111648 92409 8836 19239 2784 126591 1388699 1530466 337058 364378 294652 77759 657727 758189 1289437 1200326 X -79238 151640 178500 178500 99262 330140 1388699 1530466 230878 0 X 0 1 X 1 0 1 0 0 178500 178500 178500 178500 178500 178500 178500 178500 178500 178500 0 0 99021 80955 18066 12627 11454 1173 19239 DUE FROM AFFILIATES 9964 RIGHT OF USE ASSET 116627 126591 ADVANCED MEMBERSHIP DUES 351443 PROVISION FOR EMPLOYEE BENEFIT 289619 OPERATING LEASE LIABILITY 117127 758189 X 2402237 0 2402237 0 2402237 2171359 0 2171359 0 2171359 PART V, LINE 4: THIS ENDOWMENT FUND IS DESIGNATED FOR USE IN THE CONDUCT OF TRAVEL INDUSTRY EDUCATION AND TRAINING PROGRAMS. PART X, LINE 2: THE ASSOCIATION IS EXEMPT FROM FEDERAL AND STATE INCOME TAXES UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE. HOWEVER, IT IS LIABLE FOR INCOME TAX AT NORMAL CORPORATE RATES ON ITS UNRELATED BUSINESS INCOME. THE ASSOCIATION HAD NO SUCH INCOME IN 2023 OR 2022. THE ASSOCIATION HAS ADOPTED THE ACCOUNTING GUIDANCE RELATED TO UNCERTAIN TAX POSITIONS, AND HAS EVALUATED ITS TAX POSITIONS, AND BELIEVES THAT ALL OF THE POSITIONS TAKEN BY THE ASSOCIATION IN ITS FEDERAL AND STATE EXEMPT ORGANIZATION TAX RETURNS ARE MORE LIKELY THAN NOT TO BE SUSTAINED UPON EXAMINATION. THE ASSOCIATION'S RETURNS ARE SUBJECT TO EXAMINATION BY FEDERAL AND STATE TAXING AUTHORITIES GENERALLY UP TO FOUR YEARS AFTER THEY ARE FILED. ASIA 1 25 PROGRAM SERVICE 544432 AMERICA 0 0 INVESTMENT 38891 EUROPE 0 0 INVESTMENT 14585 CHINA 1 2 INVESTMENT 124044 ASIA 0 0 INVESTMENT 1406957 2 27 0 0 2 27 2128909 0 2128909 0 0 0 0 0 0 SCHEDULE F, PART 1, LINE 3, COLUMN (E) 1. CONFERENCES AND MEETINGS ABOUT ENHANCING THE SUSTAINABLE GROWTH, VALUE AND QUALITY OF TRAVEL AND TOURISM TO-FROM-AND-WITHIN, THE REGION. 2. "PATA ANNUAL SUMMIT & ADVENTURE MART 2023 (POKHARA NEPAL) 3. PATA DESTINATION EXPERIENCE FORUM AND MART 2023 (SARAWAK MALAYSIA) 4. PATA TRAVEL MART 2023 (NEW DELHI) 5. PATA WEBINAR - ARE PATA PLATFORM THAT GIVE AN OPPORTUNITY TO PEOPLE AND ENTITIES TO SHARE DATA AND ANALYSIS ON THE LATEST TRENDS AND INSIGHTS IN THE TOURISM INDUSTRY. FORM 990, PART VI, SECTION A, LINE 6 LINE 6 EXPLANATION - THE ORGANIZATION HAS MEMBERS. FORM 990, PART VI, SECTION A, LINE 7A LINE 7A EXPLANATION - THE ORGANIZATION'S MEMBERS APPOINT THE BOARD OF DIRECTORS. FORM 990, PART VI, SECTION A, LINE 7B LINE 7B EXPLANATION - THE MEMBERS CAN VOTE ON THE INCOMING BOARD FORM 990, PART VI, SECTION B, LINE 11B THE AUDIT COMMITTEE SHALL HAVE THE RESPONSIBILITY FOR REVIEWING THE ORGANIZATION'S FORM 990 RETURN (INCLUDING ALL PERTINENT SCHEDULES) BEFORE IT IS FILED WITH THE INTERNAL REVENUE SERVICE. A COPY OF THE FORM 990 IS PROVIDED TO THE AUDIT COMMITTEE, CHIEF EXECUTIVE OFFICER, AND CHIEF FINANCIAL OFFICER FOR REVIEW PRIOR TO THE FILING DEADLINE. IN CONDUCTING THEIR REVIEW OF THE FORM 990, IT IS PREFERRED THAT THE AUDIT COMMITTEE SHALL CONDUCT A TOP-LEVEL OR BIG-PICTURE TYPE OF REVIEW. HOWEVER, IF THE AUDIT COMMITTEE DESIRES A MORE DETAILED REVIEW OF THE FORM 990, THEY WILL CONTACT THE PREPARER OF THE FORM 990 TO REQUEST COPIES OF THE RELEVANT DETAILED WORKPAPERS WHICH THEY WOULD LIKE TO REVIEW. ONCE THE AUDIT COMMITTEE, CEO AND CFO HAVE COMPLETED THEIR INITIAL REVIEW OF THE FORM 990, A MEETING OR CONFERENCE CALL WILL BE SCHEDULED, IF NECESSARY, WITH THE TAX PREPARER(REGARDLESS OF WHETHER THE FORM 990 IS EXTERNALLY OR INTERNALLY PREPARED) TO DISCUSS ANY QUESTIONS, COMMENTS, AND SUGGESTED REVISIONS IDENTIFIED BY THE AUDIT COMMITTEE. THE PREPARER WILL MAKE ANY REVISIONS TO THE FORM 990 AS SOON AS POSSIBLE TO ENSURE THAT THE RETURN IS FILED WITH INTERNAL REVENUE SERVICE ON A TIMELY BASIS. AFTER THE FORM 990 HAS BEEN REVIEWED BY THE AUDIT COMMITTEE AND FILED WITH THE INTERNAL REVENUE SERVICE, THE AUDIT COMMITTEE WILL MAKE A PRESENTATION AT THE NEXT FULL BOARD OF DIRECTORS MEETING TO UPDATE THE FULL BOARD REGARDING ITS REVIEW OF THE FORM 990. DURING THIS MEETING, IT IS NOT REQUIRED THAT THE AUDIT COMMITTEE REVIEW ALL OF THEIR QUESTIONS, COMMENTS, AND SUGGESTED REVISIONS; A SUMMARY OF THEIR MORE IMPORTANT POINTS WILL BE SUFFICIENT. FORM 990, PART VI, SECTION B, LINE 12C THE POLICY IS DISTRIBUTED TO DIRECTORS, OFFICERS, AND KEY EMPLOYEES, WHO ARE REQUIRED TO REPORT ANY POTENTIAL CONFLICTS ON AN ANNUAL BASIS. MANAGEMENT REVIEWS THE REPORTS AND ANY CONFLICT VIOLATIONS WOULD BE REPORTED TO THE BOARD OF DIRECTORS. FORM 990, PART VI, SECTION B, LINE 15 THE PROCESS FOR DETERMINING COMPENSATION TO THE ORGANIZATION'S OTHER OFFICERS OR KEY EMPLOYEES INCLUDES COMPARABILITY DATA AND OUTSIDE RESEARCH. THE COMPENSATION IS REVIEWED AND APPROVED BY THE EXECUTIVE BOARD COMMITTEE. THE PROCESS FOR DETERMINING COMPENSATION TO THE ORGANIZATION'S CEO, EXECUTIVE DIRECTOR AND OTHER TOP MANAGEMENT OFFICIALS INCLUDES COMPARABILITY DATA AND OUTSIDE RESEARCH. THE COMPENSATION IS REVIEWED AND APPROVED BY THE EXECUTIVE BOARD COMMITTEE. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION'S GOVERNING DOCUMENTS, POLICIES AND FINANCIAL STATEMENTS ARE MADE AVAILABLE TO THE PUBLIC UPON REQUEST. PATA FOUNDATION INC 50 CALIFORNIA ST 2750 SAN FRANCISCO CA 94111 942955325 FURTHER EDU.&TRAINING PROGS. FOR TOURISM CA 501(C)(3) LINE 9 ORGANIZATION PATA 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 PATA FOUNDATION INC CO WOMBLE BOND DICKINSON P 9964 FMV