R I Hospitality Association
- Assets
- $2.9m
- Revenue
- $1.9m
- Investments
- $527.3k
- Employees
- 9
- Location
- Cranston, RI
- Founding
- 11/1983
- Data as of
- 12/2023
- EIN
- 05-0399474
Organization Overview
R I Hospitality Association is located in Cranston, RI. The organization was established in 1983. According to its NTEE Classification (L40) the organization is classified as: Temporary Housing, under the broad grouping of Housing & Shelter and related organizations. As of 12/2023, R I Hospitality Association employed 9 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. R I Hospitality Association 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 12/2023, R I Hospitality Association generated $1.9m in total revenue. This organization has experienced exceptional growth, as over the past 9 years, it has increased revenue by an average of 13.5% each year . All expenses for the organization totaled $1.9m during the year ending 12/2023. While expenses have increased by 13.1% per year over the past 9 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Since 2020, R I Hospitality Association has awarded 104 individual grants totaling $1,126,915. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
TO DEVELOP AND PROVIDE PROGRAMS, SERVICES AND SUPPORT TO MEMBERS BY PROTECTING THEIR INTERESTS, PROMOTING INDUSTRY PARTNERSHIPS, AND PROVIDING EDUCATION AND LEADERSHIP SUCH THAT MEMBERS RECEIVE A DEFINABLE RETURN ON THEIR INVESTMENT.
Describe the Organization's Program Activity:
Part 3 - Line 4a
RIHA REPRESENTS OVER 700 FOODSERVICE, HOTELS, VENDORS AND HOSPITALITY MEMBERS IN THE STATE OF RHODE ISLAND AND HAS BEEN THE VOICE OF THE HOSPITALITY AND FOODSERVICE INDUSTRIES IN THE STATE SINCE 1963. EACH YEAR, RIHA HOSTS AN IMPRESSIVE LIST OF EVENTS, MEETINGS, SEMINARS, TRAINING & EDUCATION CLASSES, AND WEBSITE COMMUNICATIONS TARGETING THE HOSPITALITY INDUSTRY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
William Kitsilis Chairman | OfficerTrustee | 1 | $0 |
David Smiley Vice Chairman | OfficerTrustee | 1 | $0 |
Colin Geoffroy Treasurer | OfficerTrustee | 1 | $0 |
Anthony Pellegrino Secretary | OfficerTrustee | 1 | $0 |
Michael Vuolo Director | Trustee | 1 | $0 |
Brian Casey Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $52,972 |
| 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 | $52,972 |
| Total Program Service Revenue | $1,794,031 |
| Investment income | $62,258 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $17,183 |
| Net Income from Fundraising Events | $8,990 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,935,434 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $461,520 |
| 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. | $526,249 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $217,681 |
| Pension plan accruals and contributions | $9,126 |
| Other employee benefits | $30,044 |
| Payroll taxes | $62,784 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $96,653 |
| Fees for services: Accounting | $64,014 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $14,882 |
| Fees for services: Other | $18,688 |
| Advertising and promotion | $2,274 |
| Office expenses | $27,178 |
| Information technology | $20,222 |
| Royalties | $0 |
| Occupancy | $37,608 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $34,254 |
| Interest | $39,911 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $5,559 |
| Insurance | $22,440 |
| All other expenses | $8,372 |
| Total functional expenses | $1,865,045 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $414,378 |
| Savings and temporary cash investments | $452,153 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $78,699 |
| 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 | $18,154 |
| Net Land, buildings, and equipment | $12,251 |
| Investments—publicly traded securities | $1,374,854 |
| Investments—other securities | $527,268 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $23,355 |
| Total assets | $2,901,112 |
| Accounts payable and accrued expenses | $361,697 |
| 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 | $1,223,082 |
| Other liabilities | $24,840 |
| Total liabilities | $1,609,619 |
| Net assets without donor restrictions | $1,291,493 |
| 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 | $0 |
| Total liabilities and net assets/fund balances | $2,901,112 |
Grants Awarded
Over the last fiscal year, R I Hospitality Association has awarded $389,134 in support to 42 organizations.
| Grant Recipient | Amount |
|---|---|
APPONAUG BREWING COMPANY LLC PURPOSE: TAKE IT OUTSIDE GRANT | $10,000 |
BAYBERRY GARDEN LLC PURPOSE: TAKE IT OUTSIDE GRANT | $10,000 |
ARGENTO RESTAURANTS LLC PURPOSE: TAKE IT OUTSIDE GRANT | $10,000 |
BODEGA ON SMITH PURPOSE: TAKE IT OUTSIDE GRANT | $9,800 |
BRISTOL COUNTY ELKS LODGE PURPOSE: TAKE IT OUTSIDE GRANT | $6,742 |
CRU CAFE LLC PURPOSE: TAKE IT OUTSIDE GRANT | $10,000 |