Ny Hotel & Motel Trades Council & Hotel Assoc Of Nyc Inc Legal Fund
- Assets
- $17.0m
- Revenue
- $3.6m
- Investments
- $15.6m
- Employees
- 0
- Location
- New York, NY
- Founding
- 03/1995
- Data as of
- 05/2022
- EIN
- 13-3418414
Organization Overview
Ny Hotel & Motel Trades Council & Hotel Assoc Of Nyc Inc Legal Fund is located in New York, NY. The organization was established in 1995. According to its NTEE Classification (Y43) the organization is classified as: Voluntary Employees Beneficiary Associations (Non-Government), under the broad grouping of Mutual & Membership Benefit and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. NY Hotel & Motel Trades Council & Hotel Assoc Of Nyc Inc Legal Fund is a 501(c)(9) and as such, is described as a "Voluntary Employees Beneficiary Association" by the IRS.
For the year ending 05/2022, NY Hotel & Motel Trades Council & Hotel Assoc Of Nyc Inc Legal Fund generated $3.6m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (6.3%) each year. All expenses for the organization totaled $3.2m during the year ending 05/2022. As we would expect to see with falling revenues, expenses have declined by (4.2%) per year over the past 7 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
TO PROVIDE LEGAL BENEFITS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PERSONAL LEGAL ASSISTANCE PROVIDED TO PARTICIPANTS IN THE HOTEL INDUSTRY IN NEW YORK CITY.
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 |
|---|---|---|---|
Dr David Jacobson Chief Executive Officer | Officer | 0.8 | $0 |
John Heim Chief Financial Officer | Officer | 1.4 | $0 |
Kuba Brown Union Trustee | Trustee | 0.1 | $0 |
Vijay Dandapani Co-Chairman | Trustee | 0.1 | $0 |
Amy Bokerman Union Trustee | Trustee | 0.1 | $0 |
Richard Maroko Co-Chairman | Trustee | 0.1 | $0 |
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 | $3,491,648 |
| Investment income | $349,885 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$269,404 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $3,572,129 |
| 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 | $2,482,805 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $176,933 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $52,775 |
| Payroll taxes | $14,418 |
| Fees for services: Management | $272,509 |
| Fees for services: Legal | $89,405 |
| Fees for services: Accounting | $10,248 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $29,689 |
| Fees for services: Other | $11,253 |
| Advertising and promotion | $0 |
| Office expenses | $12,161 |
| Information technology | $2,166 |
| Royalties | $0 |
| Occupancy | $61,519 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $5,626 |
| All other expenses | $2,166 |
| Total functional expenses | $3,223,673 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $807,399 |
| Savings and temporary cash investments | $74,655 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $403,826 |
| 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 | $4,272 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $15,575,501 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $100,000 |
| Total assets | $16,965,653 |
| Accounts payable and accrued expenses | $151,925 |
| 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 | $51,547 |
| Total liabilities | $203,472 |
| 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 | $16,762,181 |
| Total liabilities and net assets/fund balances | $16,965,653 |