Connecticut Restaurant Association Inc
- Assets
- $815.7k
- Revenue
- $896.2k
- Investments
- $0.0
- Employees
- 8
- Location
- Wethersfield, CT
- Founding
- 08/1973
- Data as of
- 12/2022
- EIN
- 06-0872410
Organization Overview
Connecticut Restaurant Association Inc is located in Wethersfield, CT. The organization was established in 1973. According to its NTEE Classification (K99) the organization is classified as: Food, Agriculture & Nutrition N.E.C., under the broad grouping of Food, Agriculture & Nutrition and related organizations. As of 12/2022, Connecticut Restaurant Association Inc employed 8 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Connecticut Restaurant Association 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 12/2022, Connecticut Restaurant Association Inc generated $896.2k in total revenue. This organization has experienced exceptional growth, as over the past 8 years, it has increased revenue by an average of 10.5% each year . All expenses for the organization totaled $840.9k during the year ending 12/2022. While expenses have increased by 9.1% per year over the past 8 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.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
CRA IS A STATEWIDE TRADE ORGANIZATION FOR RESTAURANTS AND RESTAURANT AFFILIATES. WE ADVOCATE FOR MEMBERS AT THE STATE GOVERNMENT LEVEL AND PROVIDE DISCOUNTED SERVICES FOR MEMBERS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
CRA IS A STATEWIDE TRADE ORGANIZATION FOR RESTAURANTS AND RESTAURANT AFFILIATES.
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Keith Beaulieu Chairman | Officer | 1 | $0 |
Philip Barnett Secretary | Officer | 1 | $0 |
Tim Adams Legislative Chairman | Officer | 1 | $0 |
Bill Taibe Vice-Chairman | Officer | 1 | $0 |
Jonathan Jennings Treasurer | Officer | 1 | $0 |
Dan Meiser Immediate Past Chairman | Officer | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $273,932 |
| 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 | $273,932 |
| Total Program Service Revenue | $441,193 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $181,115 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $896,240 |
| 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. | $195,000 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $210,245 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $16,500 |
| Payroll taxes | $26,372 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $13,341 |
| Fees for services: Lobbying | $144,638 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $3,797 |
| Office expenses | $35,343 |
| Information technology | $13,569 |
| Royalties | $0 |
| Occupancy | $21,278 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $46,454 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $6,181 |
| All other expenses | $108,210 |
| Total functional expenses | $840,928 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $812,389 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| 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 | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $3,270 |
| Total assets | $815,659 |
| Accounts payable and accrued expenses | $10,597 |
| 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 | $0 |
| Other liabilities | $85,398 |
| Total liabilities | $95,995 |
| 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 | $719,664 |
| Total liabilities and net assets/fund balances | $815,659 |