Learn Tourism INC

Tax-deductible

Lakewood Ranch, FL501(c)(3)EducationEIN 85-2732559Revenue $777K in FY2024

On file with the IRStourismacademy.org8130 Lakewood Main St, 34202-5068 · Lakewood Ranch, FLTax-exempt since Oct 2020Publicly supported — 509(a)(2)

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The Tourism academy's mission is to educate, empower and inspire the Tourism industry. Subsequently, making IT easier for travel professionals to advance their careers, grow their businesses and provide life-changing travel experiences to more people, sustainably.

501(c)(3) charity; gifts are tax-deductible.
50¢ of each $1 spent went to programs.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX

Before you give

FY2024 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(3)
not on the IRS revocation list
Looks good: listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
Yes
Donations are tax-deductible
Looks good: the IRS lists gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2024
latest Form 990
Looks good: the latest return is for FY2024, 2 tax years back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
1 of 2
filings with a surplus
Average surplus $88K a year · 17% of revenue · last 2 filings
Worth a look: a surplus in 1 of the last 2 filings.
Pt I · Ln 19 · 2 filings
Spent on programs
50%
of spending
Worth a look: 50% of spending went to programs; under 65%.
Pt IX · Ln 25 · col B
Cash reserves
1 mo
of spending, in cash
Fine: 1.2 months of spending in cash; 1 to 3.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$27K
48% of total assets
Looks good: liabilities are 48% of assets; 50% or less.
Pt X · Ln 26
Independent board members
3
of 3 voting members
Looks good: 3 of 3 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$777K
+168% vs prior year
Spent
$541K
To programs
50%
Net assets
$30K
By yearFY2023–FY2024
Revenue
$777K
FY2024▲ +168%
Tap a bar for its year
Revenue by fiscal year
FY2023$290K
FY2024$777K
Expenses
$541K
FY2024▲ +55%
Tap a bar for its year
Expenses by fiscal year
FY2023$350K
FY2024$541K
Net assets
$30K
FY2024▲ +205%
Tap a bar for its year
Net assets by fiscal year
FY2023−$28K
FY2024$30K

From the FY2024 Form 990 · see the original

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Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Oct 2020.

IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Where the money goes

50 cents of each dollar spent went to programs.

Program services 50% · $271K Management & general 50% · $271K

Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.

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Who runs it and what they're paid

3 people listed on the 990.

Part VII, Section A · reportable compensation
$0Pt VII · Sec A
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
See Learn Tourism INC executive salaries →

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Questions the 990 asks

The form asks each of these directly. These are the filed answers.

  • Family or business ties among officersPt VI · Ln 2No
  • Top official's pay set by an independent reviewPt VI · Ln 15aNo

Programs and updates

Educates and empowers tourism professionals to advance careers and grow businesses sustainably.

Provided by the organization

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1 program · $271K · in their own filed words · FY2024
01

Build relevance and cultivate stakeholder alignment. The tourism academy makes transformative, engaging, and accessible tourism education possible for the tourism and destination industries. Each of the programs we build is designed for adult learners by business psychologists and instructional design professionals.

$271Kprogram expense

By the numbers

The FY2024 990, line by line.

1The main four
Money inPt VIII
$777K
Ln 12
Fees for servicesLn 2g$777K
Money outPt IX
$541K
Ln 25
Programscol B$271K
Managementcol C$271K
Owns and owesPt X
$30K
net assets · Ln 32
Cash and savingsLn 1–2$56K
Total assetsLn 16$57K
LiabilitiesLn 26$27K
PeoplePt VI, VII
3
listed · VII A
PaidVII A0
Voting boardVI 1a3
IndependentVI 1b3
2In more detail
Revenue in detailPt VIII
Fees for servicesLn 2g$777K
Total revenueLn 12$777K
Assets in detailPt X, end of year
CashLn 1$56K
Cash and savings togetherLn 1–2$56K
Land, buildings, equipmentLn 10c$637
Total assetsLn 16$57K
LiabilitiesLn 26$27K
Net assetsLn 32$30K
OperationsPt I, VI
EmployeesI 50
VolunteersI 60
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aNo
Whistleblower policyVI 13No
Records policyVI 14No
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY24End FY24
Cash and savingsLn 1–2−$29K$56K
Land, buildings, equipmentLn 10c$637$637
Total assetsLn 16−$28K$57K
LiabilitiesLn 26$0$27K
Net assetsLn 32−$28K$30K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Other salaries and wagesLn 7$10K$5K$5K
Payroll taxesLn 10$14K$7K$7K
Management feesLn 11a$5K$2K$2K
Legal feesLn 11b$118K$59K$59K
Accounting feesLn 11c$800$400$400
Other fees for servicesLn 11g$120K$60K$60K
Advertising and promotionLn 12$56K$28K$28K
Office expensesLn 13$2K$810$810
OccupancyLn 16$725$363$362
TravelLn 17$26K$13K$13K
Conferences, conventions and meetingsLn 19$4K$2K$2K
InterestLn 20$1K$746$747
InsuranceLn 23$15K$8K$8K
Other expenses (24a–d)Ln 24$163K$82K$82K
All other expensesLn 24e$6K$3K$3K
Total functional expensesLn 25$541K$271K$271K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest Viewing $777K$541K$236K$30K 990 PDF
FY2023 $290K$350K−$60K−$28K 990 PDF

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Schedules filed Part IV

III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
See the full FY2024 990 (6 parts)
Part I · Summary $777,216 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $35$0
I-9 Program service revenuePrior year $290,352$777,216
I-10 Investment incomePrior year $0$0
I-11 Other revenuePrior year $0$0
I-12 Total revenuePrior year $290,387$777,216
I-13 Grants and similar amounts paidPrior year $0$0
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $0$24,097
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $350,107$517,040
I-18 Total expensesPrior year $350,107$541,137
I-19 Revenue less expensesPrior year −$59,720$236,079
Part VI · Governance 3 of 3 board members independent, 4 to look at
VI-1a Voting members of the governing body3
VI-1b Independent voting members3
VI-12a Written conflict of interest policyNo
VI-13 Written whistleblower policyNo
VI-14 Document retention and destruction policyNo
VI-15a Process for setting top official's payNo
VI-2 Family or business relationship among officers or directorsNo
Part VIII · Statement of revenue $777,216 across 2 lines filed
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $777,216$777,216
VIII-12 Total revenueRelated to mission $777,216 · Unrelated business $0 · Excluded from tax $0$777,216
Part IX · Statement of functional expenses $541,137 across 15 lines filed
IX-7 Other salaries and wagesPrograms $5,194 · Management $5,193$10,387
IX-10 Payroll taxesPrograms $6,855 · Management $6,855$13,710
IX-11a Management feesPrograms $2,360 · Management $2,360$4,720
IX-11b Legal feesPrograms $58,855 · Management $58,855$117,710
IX-11c Accounting feesPrograms $400 · Management $400$800
IX-11g Other fees for servicesPrograms $59,754 · Management $59,754$119,508
IX-12 Advertising and promotionPrograms $27,953 · Management $27,952$55,905
IX-13 Office expensesPrograms $810 · Management $810$1,620
IX-16 OccupancyPrograms $363 · Management $362$725
IX-17 TravelPrograms $12,886 · Management $12,886$25,772
IX-19 Conferences, conventions and meetingsPrograms $1,947 · Management $1,947$3,894
IX-20 InterestPrograms $746 · Management $747$1,493
IX-23 InsurancePrograms $7,587 · Management $7,587$15,174
IX-24 Other expenses (24a–d)Programs $81,661 · Management $81,660$163,321
IX-24e All other expensesPrograms $3,198 · Management $3,200$6,398
IX-25 Total functional expensesPrograms $270,569 · Management $270,568 · Fundraising $0$541,137
Part X · Balance sheet $57,085 assets, 9 lines filed
X-1 Cash, non-interest-bearingStart of year −$29,128$55,991
X-4 Accounts receivable$457
X-10c Land, buildings and equipment, netStart of year $637$637
X-16 Total assetsStart of year −$28,491$57,085
X-25 Other liabilitiesStart of year $0$27,191
X-26 Total liabilitiesStart of year $0$27,191
X-27 Net assets without donor restrictionsStart of year −$28,491$29,894
X-32 Total net assets or fund balancesStart of year −$28,491$29,894
X-33 Total liabilities and net assetsStart of year −$28,491$57,085
Part XI · Reconciliation of net assets $29,894 net assets at year end
XI-1 Total revenue$777,216
XI-2 Total expenses$541,137
XI-3 Revenue less expenses$236,079
XI-4 Net assets at start of year−$28,491
XI-8 Prior period adjustments−$177,694
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$29,894

Form 990 e-file (XML) FY2024 from the IRS · Classification, formation year and address from the IRS Business Master File

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