Ohio Restaurant Association Education Foundation Inc
- Assets
- $851.4k
- Revenue
- $708.4k
- Investments
- $0.0
- Employees
- 3
- Location
- Columbus, OH
- Founding
- 02/2001
- Data as of
- 12/2021
- EIN
- 31-1739154
Organization Overview
Ohio Restaurant Association Education Foundation Inc is located in Columbus, OH. The organization was established in 2001. According to its NTEE Classification (B82) the organization is classified as: Scholarships & Student Financial Aid, under the broad grouping of Education and related organizations. As of 12/2021, Ohio Restaurant Association Education Foundation Inc employed 3 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Ohio Restaurant Association Education 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, Ohio Restaurant Association Education Foundation Inc generated $708.4k in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 10.9% each year . All expenses for the organization totaled $396.2k during the year ending 12/2021. While expenses have increased by 1.9% 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
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
SEE SCHEDULE O
Describe the Organization's Program Activity:
THE OHIO RESTAURANT ASSOCIATION EDUCATION FOUNDATION ESTABLISHED THE OHIO RESTAURANT EMPLOYEE RELIEF FUND IN APRIL OF 2020 TO ACTIVATE EMERGENCY FUNDING FOR PERSONNEL IN THE FOODSERVICE INDUSTRY WHOSE INCOME HAS BEEN AFFECTED BY COVID-19. FUNDING IS PROVIDED IN THE FORMS OF $300 GRANTS TO BE USED FOR FOOD, MEDICAL, UTILITY, AND HOUSING EXPENDITURES.
SCHOOL TO CAREER PROGRAM WITH 56 SCHOOLS AND OVER 2,000 STUDENTS IN THE PROGRAM.
SCHOLARSHIPS PROVIDED TO STUDENTS INTERESTED IN A CAREER IN THE RESTAURANT INDUSTRY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Patricia Halper Executive Director | Officer | 40 | $92,733 |
Sheila Trautner Chairman | OfficerTrustee | 2 | $0 |
Gary Callicoat Vice Chairman | OfficerTrustee | 2 | $0 |
Adrian Adornetto Secretary | OfficerTrustee | 2 | $0 |
Mike Haunert Treasurer | OfficerTrustee | 2 | $0 |
John Barker President & CEO | Officer | 10 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $8,200 |
| Related organizations | $0 |
| Government grants | $35,335 |
| All other contributions, gifts, grants, and similar amounts not included above | $546,030 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $589,565 |
| Total Program Service Revenue | $117,638 |
| Investment income | $96 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $1,079 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $708,389 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $83,726 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $102,407 |
| Compensation of current officers, directors, key employees. | $102,407 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $104,556 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $2,400 |
| Advertising and promotion | $16,416 |
| Office expenses | $1,660 |
| Information technology | $2,100 |
| Royalties | $0 |
| Occupancy | $8,400 |
| Travel | $605 |
| 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 | $896 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $396,163 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $847,288 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $1,885 |
| 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 | $2,193 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $851,366 |
| Accounts payable and accrued expenses | $1,473 |
| Grants payable | $0 |
| Deferred revenue | $170,879 |
| 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 | $172,352 |
| Net assets without donor restrictions | $290,728 |
| Net assets with donor restrictions | $388,286 |
| 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 | $851,366 |
Grants Recieved
Over the last fiscal year, we have identified 3 grants that Ohio Restaurant Association Education Foundation Inc has recieved totaling $59,111.
| Awarding Organization | Amount |
|---|---|
The National Restaurant Association Educational Foundation Washington, DC PURPOSE: ProStart Program | $50,100 |
Columbus Foundation Columbus, OH PURPOSE: SOCIAL SERVICES | $9,000 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $11 |
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|---|---|---|
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Cigna Foundation Philadelphia, PA | $165,016,072 | $8,084,237 |
Children Scholarship Fund Philadelphia Philadelphia, PA | $24,817,690 | $13,351,193 |
Knowledgeworks Foundation Cincinnati, OH | $34,010,195 | $7,717,304 |
Ruth Mott Foundation Flint, MI | $290,091,185 | $30,117,543 |
Foundation For Jewish Day Schools Of Greater Philadelphia Philadelphia, PA | $5,671,351 | $11,978,701 |