Overview
What is The Travel Institute?
The Travel Institute is a nonprofit organization situated in Framingham, Massachusetts. Its primary objective is to enhance the reputation and prestige of individuals and organizations involved in the travel industry. They achieve this by offering certification programs and various member services. The organization focuses on developing and providing educational resources related to domestic and international travel, catering to the general public, educational institutions, and travel professionals. Their mission includes establishing high educational standards, training individuals to provide travel services, and offering continuing education programs to keep industry professionals informed about changes in the travel sector. The Travel Institute employs a team of six individuals dedicated to achieving these objectives.
Official website here: www.travelinstitute.com
What are the reviews and ratings of this charity?
Charity Navigator Rating: 67% (Two-Star out of Four Stars)
The Travel Institute has received a rating of 67%, which translates to a Two-Star designation. This score reflects the organization's performance in terms of Accountability & Finance, where it achieved a score of 67. Key strengths include a fully independent board and no reported material diversion of assets, indicating a solid governance structure and financial integrity.
However, the organization faces limitations due to the absence of critical policies such as a Conflict of Interest Policy and a Whistleblower Policy, both of which are important for transparency and ethical operation. Additionally, there are gaps in documentation practices, such as missing board meeting minutes and failure to post certain tax forms on their website, which could impact accountability to stakeholders.
While The Travel Institute shows a commendable commitment to program spending, with 87.85% of expenses directed towards programs, the overall lack of comprehensive governance policies may raise concerns for potential donors regarding the organization's long-term accountability and transparency.
This AI summary has been generated from information found on Charity Navigator.
Is The Travel Institute legitimate?
The Travel Institute is a legitimate nonprofit organization registered as a 501(c)(3) entity. The Travel Institute submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
Heare are some key statistics you may want to consider:
Executive Compensation: $149,163
Professional Fundraising Fees: $0
Other Salaries and Wages: $404,679
For more financial information, click here
Official website here: www.travelinstitute.com
What is the mission statement of The Travel Institute?
The Travel Institute's mission is centered around establishing and maintaining high educational standards in the travel and tourism industries. They administer formal education and training programs to both individuals and establishments within this sector. The institute is dedicated to educating and enhancing the skills of travel service providers, offering advanced education and training in specialized areas of travel services. Furthermore, The Travel Institute provides continuing education programs to keep industry professionals informed and updated with the latest travel trends and changes.
Official website here: www.travelinstitute.com
What is the revenue of The Travel Institute?
The Travel Institute's revenue in 2023 was $1,836,196.
Official website here: www.travelinstitute.com
Who are the executives of The Travel Institute and what are their salaries?
The average compensation at The Travel Institute during 2023 was $92,307. There are 6 employees at The Travel Institute.
Here are 10 key members and their salaries:
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Official website here: www.travelinstitute.com
Where can I find the form 990 for The Travel Institute?
The Travel Institute's most recent form 990 was submitted in 2023 and can be accessed here.
Official website here: www.travelinstitute.com
Learn more at the official website: www.travelinstitute.com
Mission Statement of The Travel Institute
The Travel Institute, a renowned organization, is committed to establishing and maintaining high educational standards within the travel and tourism industries. Its mission is multifaceted, encompassing three key objectives. Firstly, The Travel Institute administers formal education and training programs within and for this sector, aiming to set a high benchmark for knowledge and skills in the travel industry.
Secondly, the organization focuses on educating and training individuals to provide travel services to the public. By doing so, it helps individuals build upon their existing knowledge and skills, offering them advanced education and training in specialized areas of travel services. This broadens their capabilities and equips them to serve their clients more effectively.
Lastly, The Travel Institute provides continuing education programs to professionals in the industry. This ongoing education ensures that they remain informed and up-to-date with issues and changes in travel and travel services. This commitment to continuous learning and improvement is crucial in an industry that is continually evolving. By offering these comprehensive educational programs and materials, The Travel Institute plays a vital role in advancing the travel and tourism industries, benefiting both the professionals and the general public.
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Impact
July, 2024
The Travel Institute plays a crucial role in setting and maintaining high education standards within the travel and tourism industries. By developing and providing educational programs and materials for both the general public and travel professionals, the institute elevates the status and increases the prestige of individuals and organizations engaged in the travel industry. Through certification programs and member services, The Travel Institute educates and trains individuals to provide top-notch travel services, equipping them with the knowledge and skills necessary to excel in their roles. Moreover, the institute offers advanced education and training in specialized areas of travel services, ensuring that industry professionals stay informed and up-to-date with the latest trends and developments. Overall, The Travel Institute's impact is significant in enhancing the quality and professionalism of the travel industry.
This information is meant to be a general summary of The Travel Institute. Please take the time to review official sources before making any decisions based upon the content provided here.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2023.
- Investment Income: $3
- Program Service Revenue: $1,535,105
- Gross Receipts: $1,836,196
Assets and Liabilities:
- Total Assets: $691,931
- Total Liabilities: $181,212
- Net Assets: $510,719
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
CERTIFICATION AND DESIGNATION
Revenue
$523,626
TEXTBOOK AND COURSE FEES
Revenue
$965,126
PROGRAM AND OTHER DEVELOPMENT
Revenue
$46,353
Organization Details
Founding Year
1964
Principal Officer
Diane Petras
Website
www.travelinstitute.comNTEE Category
Code: B60 - Education
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