Pennsylvania Restaurant Association Educational Foundation Inc
- Assets
- $1.3m
- Revenue
- $343.7k
- Investments
- $0.0
- Employees
- 0
- Location
- Harrisburg, PA
- Founding
- 06/1990
- Data as of
- 12/2021
- EIN
- 25-1607840
Organization Overview
Pennsylvania Restaurant Association Educational Foundation Inc is located in Harrisburg, PA. The organization was established in 1990. According to its NTEE Classification (B82) the organization is classified as: Scholarships & Student Financial Aid, 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. Pennsylvania Restaurant Association Educational Foundation 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 12/2021, Pennsylvania Restaurant Association Educational Foundation Inc generated $343.7k in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 16.6% each year . All expenses for the organization totaled $317.6k during the year ending 12/2021. 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
TO ADVANCE AND SUPPORT THE HOSPITALITY INDUSTRY IN PENNSYLVANIA BY PROVIDING EDUCATIONAL PROGRAMMING, SCHOLARSHIPS TO STUDENTS IN PENNSYLVANIA FOR SECONDARY STUDY AND EMERGENCY FUNDING TO HOSPITALITY WORKERS THROUGH ITS RELIEF FUND
Describe the Organization's Program Activity:
Part 3 - Line 4a
SCHOLARSHIPS ARE AWARDED TO INDIVIDUALS FOR TUITION AT SECONDARY LEVEL EDUCATIONAL INSTITUTIONS FOR STUDIES IN THE FOOD SERVICE INDUSTRY.
SUPPORT AND PROMOTE THE USE OF THE PROSTART EDUCATIONAL CURRICULUM IN PENNSYLVANIA SCHOOLS.
HOSPITALITY ASSISTANCE RESPONSE OF PENNSYLVANIA (HARP) - PROVIDES EMERGENCY FUNDING TO HOSPITALITY WORKERS IN PENNSYLVANIA. FUNDED BY PRIVATE, COMMUNITY AND INDIVIDUAL DONATIONS, HARP WILL DISTRIBUTE ONE-TIME INDIVIDUAL GRANTS TO FRONT-LINE INDUSTRY EMPLOYEES DURING TIMES OF UNFORESEEN HARDSHIP.
THE BALANCE OF OTHER PROGRAM EXPENSES OF 72,575 IS RELATED TO COVID-19 TEST REIMBURSEMENT. THIS EXPENSE HELPS PAY FOR COVID-19 TEST RELATED EXPENSES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Tony Salomone President | OfficerTrustee | 0.2 | $0 |
John Longstreet Secretary | Officer | 0.2 | $0 |
Michael Barrett Member | Trustee | 0.2 | $0 |
Rob Commero Member | Trustee | 0.2 | $0 |
Qamara Edwards Member | Trustee | 0.2 | $0 |
Jim Fris Immediate Pa | Trustee | 0.2 | $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 | $318,347 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $318,347 |
| Total Program Service Revenue | $0 |
| Investment income | $22,744 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $2,641 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $343,732 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $180,500 |
| 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 | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $455 |
| Fees for services: Accounting | $3,825 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $2,546 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $2,650 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $3,658 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $2,712 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $0 |
| All other expenses | $11,497 |
| Total functional expenses | $317,636 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $257,163 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $3,585 |
| 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 | $1,036,857 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $1,297,605 |
| Accounts payable and accrued expenses | $18,781 |
| 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 | $18,781 |
| Net assets without donor restrictions | $1,201,291 |
| Net assets with donor restrictions | $77,533 |
| 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 | $1,297,605 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Pennsylvania Restaurant Association Educational Foundation Inc has recieved totaling $100,066.
| Awarding Organization | Amount |
|---|---|
William Penn Foundation Philadelphia, PA PURPOSE: PROVIDE COVID TESTING TO PHILADELPHIA HOSPITALITY WORKERS | $100,000 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $66 |
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|---|---|---|
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Arcus Foundation New York, NY | $264,733,626 | $35,703,685 |
The Childrens Scholarship Fund New York, NY | $36,136,002 | $24,710,520 |
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The Posse Foundation Inc New York, NY | $120,660,725 | $44,739,225 |
Inner-City Scholarship Fund Inc New York, NY | $115,829,957 | $24,751,034 |
Somerset Community Services Inc Marion Station, MD | $23,511,474 | $20,221,070 |
College Now Greater Cleveland Inc Cleveland, OH | $24,271,314 | $18,465,003 |