New York State Restaurant Association Educational Foundt Inc
- Assets
- $218.6k
- Revenue
- $151.3k
- Investments
- $0.0
- Employees
- 1
- Location
- Albany, NY
- Founding
- 12/1999
- Data as of
- 12/2022
- EIN
- 14-1817369
Organization Overview
New York State Restaurant Association Educational Foundt Inc is located in Albany, NY. The organization was established in 1999. According to its NTEE Classification (B90) the organization is classified as: Educational Services, under the broad grouping of Education and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. New York State Restaurant Association Educational Foundt Inc is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2022, New York State Restaurant Association Educational Foundt Inc generated $151.3k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 8 years, the organization has seen revenues fall by an average of (7.1%) each year. All expenses for the organization totaled $165.3k during the year ending 12/2022. As we would expect to see with falling revenues, expenses have declined by (5.7%) per year over the past 8 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 EDUCATION AND INFORMATION TO PROMOTE CAREERS IN THE RESTAURANT INDUSTRY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
STAFFING AND ADMINISTRATIVE EXPENSES TO PROMOTE PROSTART AND OTHER EDUCATIONAL INITIATIVES OF THE NATIONAL RESTAURANT ASSOCIATION IN NEW YORK STATE. BEGINNING JANUARY 1, 2023, ADMINISTRATION OF PROSTART WAS TRANSFERRED TO THE NEW YORK STATE RESTAURANT ASSOCIATION (FEIN 13-1101544).
SPONSOR OF "PRO-START" HIGH SCHOOL PROGRAMS DESIGNED TO EDUCATE AND MOTIVATE STUDENTS TOWARDS THE FOOD SERVICE/HOSPITALITY INDUSTRY. THERE ARE OVER 3,600 STUDENTS ENROLLED IN 56 HIGH SCHOOLS AND MANY OF THE GRADUATES CONTINUED THEIR STUDIES IN CULINARY COLLEGES.
EDUCATIONAL TRAINING SEMINARS & MATERIALS FOR MEMBERS AND EMPLOYEES OF THE FOOD SERVICE/HOSPITALITY INDUSTRY. THE FOUNDATION PROVIDED EDUCATIONAL MATERIALS TO TRAINING INSTITUTIONS IN NEW YORK STATE AND CONDUCTED CONTINUED EDUCATION TRAINING CLASSES FOR MEMBERS OF THE FOOD SERVICE INDUSTRY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jimmy Butera Trustee | Trustee | 1 | $0 |
Kevin Goggins Trustee | Trustee | 1 | $0 |
Kevin Llardi Trustee | Trustee | 1 | $0 |
Daniel Morduant Trustee | Trustee | 1 | $0 |
Greg Telfian Chairperson | OfficerTrustee | 1 | $0 |
Gina Zimmer Vice Chair | OfficerTrustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $17,522 |
| All other contributions, gifts, grants, and similar amounts not included above | $113,413 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $130,935 |
| Total Program Service Revenue | $17,924 |
| Investment income | $2,422 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $151,281 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $2,500 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| 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 | $70,136 |
| Pension plan accruals and contributions | $1,752 |
| Other employee benefits | $15,340 |
| Payroll taxes | $5,302 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $6,000 |
| Fees for services: Accounting | $9,550 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $11,021 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $2,271 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $6,243 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $261 |
| Insurance | $0 |
| All other expenses | $34,922 |
| Total functional expenses | $165,298 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $16,411 |
| Savings and temporary cash investments | $45,178 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $4,700 |
| 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 | $5,569 |
| Net Land, buildings, and equipment | $391 |
| Investments—publicly traded securities | $140,585 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $5,753 |
| Total assets | $218,587 |
| Accounts payable and accrued expenses | $17,664 |
| 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 | $0 |
| Total liabilities | $17,664 |
| Net assets without donor restrictions | $14,445 |
| Net assets with donor restrictions | $186,478 |
| 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 | $218,587 |