Restaurant Facility Management Association
- Assets
- $7.1m
- Revenue
- $4.2m
- Investments
- $0.0
- Employees
- 10
- Location
- Frisco, TX
- Founding
- 03/2008
- Data as of
- 12/2023
- EIN
- 20-2035468
Organization Overview
Restaurant Facility Management Association is located in Frisco, TX. The organization was established in 2008. According to its NTEE Classification (S41) the organization is classified as: Chambers of Commerce & Business Leagues, under the broad grouping of Community Improvement & Capacity Building and related organizations. As of 12/2023, Restaurant Facility Management Association employed 10 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Restaurant Facility Management 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, Restaurant Facility Management Association generated $4.2m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 0.1% each year. All expenses for the organization totaled $4.6m during the year ending 12/2023. While expenses have increased by 4.8% per year over the past 6 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
GENERAL PROMOTION, EDUCATION, AND ADVANCEMENT OF RESTAURANT FACILITY MANAGEMENT INDUSTRY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
OUR CORE PROGRAM IS TO ADVANCE THE RESTAURANT FACILITIES MANAGEMENT PROFESSION THROUGH TARGETED EDUCATIONAL SEMINARS, EVENTS, EXHIBITS AND SERVICES TO OUR MEMBERS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Debi Kensell Executive Director | Officer | 40 | $159,151 |
Annaji Sailer Director Of Exhibits & Strategic Partnerships | Officer | 40 | $160,020 |
Jay Roach Board Chair | OfficerTrustee | 1 | $0 |
Bevin Mcpherson First Vice Chair/chair Elect | OfficerTrustee | 1 | $0 |
Jennifer Schmidt Second Vice Chair/secretary | OfficerTrustee | 1 | $0 |
Rob Foraker Treasurer | OfficerTrustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Hall Group Rent | 12/30/23 | $203,555 |
O'keefe Communications Llc Conference | 12/30/23 | $188,538 |
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 | $8,464 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $8,464 |
| Total Program Service Revenue | $4,012,906 |
| Investment income | $133,599 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $49,549 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$34,165 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $4,170,353 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $6,169 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $354,157 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $795,993 |
| Pension plan accruals and contributions | $18,172 |
| Other employee benefits | $155,763 |
| Payroll taxes | $84,725 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $2,464 |
| Fees for services: Accounting | $61,266 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $40,210 |
| Fees for services: Other | $99,086 |
| Advertising and promotion | $60,876 |
| Office expenses | $172,393 |
| Information technology | $138,892 |
| Royalties | $0 |
| Occupancy | $225,039 |
| Travel | $42,131 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $2,039,061 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $47,189 |
| Insurance | $18,090 |
| All other expenses | $249,390 |
| Total functional expenses | $4,611,066 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,964,829 |
| Savings and temporary cash investments | $477,327 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $9,471 |
| 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 | $277,966 |
| Net Land, buildings, and equipment | $74,298 |
| Investments—publicly traded securities | $4,265,967 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $17,949 |
| Total assets | $7,087,807 |
| Accounts payable and accrued expenses | $81,412 |
| Grants payable | $0 |
| Deferred revenue | $3,267,438 |
| 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 | $24,166 |
| Total liabilities | $3,373,016 |
| Net assets without donor restrictions | $3,714,791 |
| 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 | $7,087,807 |