Mass Restaurant Assn Inc
- Assets
- $2.7m
- Revenue
- $1.4m
- Investments
- $478.7k
- Employees
- 10
- Location
- Westborough, MA
- Founding
- 07/1942
- Data as of
- 06/2023
- EIN
- 04-1591041
Organization Overview
Mass Restaurant Assn Inc is located in Westborough, MA. The organization was established in 1942. According to its NTEE Classification (B01) the organization is classified as: Alliances & Advocacy, under the broad grouping of Education and related organizations. As of 06/2023, Mass Restaurant Assn Inc employed 10 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Mass Restaurant Assn Inc is a 501(c)(6) and as such, is described as a "Business League, Chambers of Commerce, or Real Estate Board" by the IRS.
For the year ending 06/2023, Mass Restaurant Assn Inc generated $1.4m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 5 years, the organization has seen revenues fall by an average of (4.8%) each year. All expenses for the organization totaled $1.5m during the year ending 06/2023. As we would expect to see with falling revenues, expenses have declined by (2.5%) per year over the past 5 years. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
SERVICING THE HOTEL/RESTAURANT INDUSTRY IN MASSACHUSETTS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
OUR MOST POPULAR SERVICE IS OUR INFORMATIONAL SERVICES. IN TODAY'S RAPIDLY CHANGING REGULATORY WORLD, OPERATORS NEED TO STAY INFORMED IN ORDER TO COMPLY WITH NEW LAWS AND REGULATIONS. OUR MEMBERS CAN CALL US AND ASK US ANY LEGAL OR REGULATORY QUESTION AND WE WILL RESEARCH THE ANSWER FOR THEM. ADDITIONALLY, WE SEND OUT ALERTS, NEWSLETTERS AND E-NEWSLETTERS WITH ANY PERTINENT INFORMATION THAT THEY SHOULD KNOW IN ORDER TO COMPLY WITH A NEW LAW OR REGULATION. THE NEW ENGLAND FOOD SHOW IS OUR BIGGEST EVENT. IT IS PRODUCED AND OWNED BY OUR PARTNER, THE NATIONAL RESTAURANT ASSOCIATION. THERE IS APPROXIMATELY 50,000 SQUARE FEET OF EXHIBITOR SPACE. THERE ARE CHEF DEMOS, EDUCATIONAL SEMINARS, AND KEYNOTE SPEAKERS. ABOUT 10,000 ATTENDEES WILL VISIT THE SHOW OVER A THREE DAY PERIOD TO SEE THE VERY LATEST IN FOOD AND BEVERAGE PRODUCTS, EQUIPMENT, TECHNOLOGY AND SERVICES. GOVERNMENT AFFAIRS USES A GREAT DEAL OF OUR RESOURCES. THERE ARE SO MANY BILLS THAT ARE PROPOSED IN A YEAR THAT COULD HURT OR HELP THE INDUSTRY. OUR JOB IS TWOFOLD: TO EDUCATE THE LEGISLATORS AND TO EDUCATE OUR MEMBERS. IT'S IMPORTANT THAT THE LEGISLATORS BE AWARE OF THE EFFECTS OF THEIR LEGISLATION. WE DO THIS BY MEETING WITH THEM, TESTIFYING BEFORE COMMITTEES, SENDING LETTERS AND EMAILS AND ACTIVATING OUR STRONG GRASS ROOTS BODY WHICH IS OUR MEMBERSHIP. IN ORDER TO DO THIS, WE NEED TO KEEP OUR MEMBERS INFORMED. WE DO THIS THROUGH OUR NEWSLETTERS, THROUGH ALERTS, PERSONAL CONTACTS AND WE EVEN HOST A LOBBY DAY. GOVERNMENT AFFAIRS CONTINUES TO BECOME MORE AND MORE IMPORTANT.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Robert Luz Former CEO | Officer | 40 | $167,519 |
Stephen Clark CEO | Officer | 40 | $158,571 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $1,020,705 |
| Investment income | $49,390 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $5,951 |
| Net Gain/Loss on Asset Sales | -$29,815 |
| Net Income from Fundraising Events | $6,149 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,408,525 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $453,814 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $403,511 |
| Pension plan accruals and contributions | $29,784 |
| Other employee benefits | $87,343 |
| Payroll taxes | $62,515 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $87,697 |
| Fees for services: Accounting | $34,641 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $11,961 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $5,292 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $94,727 |
| Travel | $25,166 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $24,493 |
| Interest | $20,357 |
| Payments to affiliates | $19,037 |
| Depreciation, depletion, and amortization | $9,120 |
| Insurance | $0 |
| All other expenses | $79,069 |
| Total functional expenses | $1,543,666 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $445,873 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $357,597 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $13,858 |
| Net Land, buildings, and equipment | $34,774 |
| Investments—publicly traded securities | $1,328,345 |
| Investments—other securities | $478,728 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $7,715 |
| Total assets | $2,666,890 |
| Accounts payable and accrued expenses | $92,216 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $150,000 |
| Other liabilities | $387,544 |
| Total liabilities | $629,760 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $2,037,130 |
| Total liabilities and net assets/fund balances | $2,666,890 |