Restaurant Facility Management Association
- Assets
- $7.7m
- Revenue
- $3.5m
- Investments
- $0.0
- Employees
- 11
- Location
- Frisco, TX
- Founding
- 03/2008
- Data as of
- 12/2021
- 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 12/2021, Restaurant Facility Management Association employed 11 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 12/2021, Restaurant Facility Management Association generated $3.5m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 1.3% each year. All expenses for the organization totaled $3.4m during the year ending 12/2021. While expenses have increased by 3.9% per year over the past 7 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
2021
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 |
|---|---|---|---|
Teresa Foster Executive Director | Officer | 40 | $178,063 |
Annaji Sailer Director Of Exhibits & Strategic Partnerships | Officer | 40 | $149,366 |
Debi Kensell New Executive Director | Officer | 40 | $108,075 |
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 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Walsworth Printing Postage Printing | 12/30/21 | $100,506 |
Ags Exposition Services Convention | 12/30/21 | $132,289 |
Charlotte Convention Center Venue | 12/30/21 | $356,415 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $176,600 |
| All other contributions, gifts, grants, and similar amounts not included above | $7,825 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $184,425 |
| Total Program Service Revenue | $2,900,887 |
| Investment income | $227,391 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $62,500 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $105,343 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $3,480,546 |
| 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. | $474,273 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $491,058 |
| Pension plan accruals and contributions | $14,194 |
| Other employee benefits | $58,722 |
| Payroll taxes | $69,732 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $19,366 |
| Fees for services: Accounting | $65,986 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $40,092 |
| Fees for services: Other | $123,221 |
| Advertising and promotion | $6,678 |
| Office expenses | $224,774 |
| Information technology | $49,495 |
| Royalties | $0 |
| Occupancy | $217,658 |
| Travel | $36,959 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $1,152,979 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $48,247 |
| Insurance | $4,136 |
| All other expenses | $264,355 |
| Total functional expenses | $3,361,925 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,616,080 |
| Savings and temporary cash investments | $761,954 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $26,790 |
| 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 | $429,056 |
| Net Land, buildings, and equipment | $158,761 |
| Investments—publicly traded securities | $4,694,066 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $17,949 |
| Total assets | $7,704,656 |
| Accounts payable and accrued expenses | $113,502 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $2,213,890 |
| 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 | $2,327,392 |
| Net assets without donor restrictions | $5,377,264 |
| 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 | $7,704,656 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Wi-Fi Alliance Austin, TX | $27,634,772 | $19,782,142 |
Greater Houston Partnership Inc Houston, TX | $22,962,720 | $19,728,312 |
Bbb Serving The Heart Of Texas Austin, TX | $13,203,011 | $18,551,696 |
Visit San Antonio San Antonio, TX | $11,429,570 | $19,048,365 |
Clean Gulf Associates Inc New Orleans, LA | $10,070,698 | $12,457,251 |
Meeting Professionals International Dallas, TX | $6,166,822 | $11,031,821 |
Dallas Regional Chamber Dallas, TX | $15,269,996 | $9,505,789 |
Brazos Pilots Association Freeport, TX | $5,263,034 | $10,473,577 |
American Agape Foundation Inc San Antonio, TX | $56,717,465 | $7,832,495 |
Salesmanship Club Of Dallas Dallas, TX | $14,081,869 | $8,485,267 |
United Brotherhood Of Carpenters And Joiners Of America Metairie, LA | $27,400,853 | $8,587,017 |
Texas Oil And Gas Association Inc Austin, TX | $10,912,231 | $6,947,737 |