The National Restaurant Association Educational Foundation
- Assets
- $42.4m
- Revenue
- $22.2m
- Investments
- $0.0
- Employees
- 43
- Location
- Washington, DC
- Founding
- 06/1990
- Data as of
- 12/2022
- EIN
- 36-6103388
Organization Overview
The National Restaurant Association Educational Foundation is located in Washington, DC. The organization was established in 1990. According to its NTEE Classification (K99) the organization is classified as: Food, Agriculture & Nutrition N.E.C., under the broad grouping of Food, Agriculture & Nutrition and related organizations. As of 12/2022, National Restaurant Association Educational Foundation employed 43 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. National Restaurant Association Educational Foundation 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, National Restaurant Association Educational Foundation generated $22.2m in total revenue. This organization has experienced exceptional growth, as over the past 8 years, it has increased revenue by an average of 10.1% each year . All expenses for the organization totaled $19.8m during the year ending 12/2022. While expenses have increased by 11.2% per year over the past 8 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.
Since 2014, National Restaurant Association Educational Foundation has awarded 563 individual grants totaling $16,068,055. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
THE FOUNDATION'S MISSION IS TO SERVE AS A PHILANTHROPIC FOUNDATION OF THE NATIONAL RESTAURANT ASSOCIATION TO ENHANCE THE RESTAURANT AND FOODSERVICE INDUSTRY'S SERVICE TO THE PUBLIC THROUGH EDUCATION, COMMUNITY ENGAGEMENT, AND PROMOTION OF CAREER OPPORTUNITIES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROSTART IS A NATIONWIDE PROGRAM FOR HIGH SCHOOL STUDENTS THAT FOCUSES ON DEVELOPING THE NEXT GENERATION OF RESTAURANT AND FOODSERVICE LEADERS. THE PROGRAM IS INDUSTRY-DRIVEN, COMBINING CULINARY ARTS AND RESTAURANT MANAGEMENT TRAINING TO BUILD PRACTICAL SKILLS. PROSTART PROVIDES STUDENTS A PLATFORM TO DISCOVER NEW INTERESTS WHILE HIGHLIGHTING SUCCESSFUL CAREER OPPORTUNITIES ACROSS THE INDUSTRY. PROSTART SERVES OVER 145,000 STUDENTS IN 1,800 SCHOOLS ACROSS ALL 50 STATES AND THE DISTRICT OF COLUMBIA, THE TERRITORY OF GUAM AND DEPARTMENT OF DEFENSE EDUCATION ACTIVITY SCHOOLS IN EUROPE AND THE PACIFIC. ADDITIONALLY, THE NATIONAL RESTAURANT ASSOCIATION EDUCATIONAL FOUNDATION AWARDS MORE THAN $1.2 MILLION IN SCHOLARSHIPS AND GRANTS EACH YEAR. SINCE 1987, THE FOUNDATION HAS AWARDED MORE THAN $26 MILLION.
NRAEF AND THE AMERICAN HOTEL & LODGING ASSOCIATION, ARE ENTERED INTO A CONTRACT WITH THE DEPARTMENT OF LABOR (DOL) TO CREATE AND IMPLEMENT A REGISTERED APPRENTICESHIP INITIATIVE FOR THE RESTAURANT AND HOSPITALITY INDUSTRIES. THE PROGRAM WILL PROVIDE A DEFINITIVE PATHWAY TO EQUIP INDIVIDUALS WITH THE KNOWLEDGE, SKILLS AND CONFIDENCE TO ADVANCE TO MANAGEMENT-LEVEL POSITIONS. NRAEF HAS RECEIVED OTHER GRANTS WITH DOL FOR EX-OFFENDERS TO FIND EMPLOYMENT IN THE RESTAURANT AND HOSPITALITY INDUSTRIES.
THE NRAEF SUPPORTS ACTIVE, GUARD AND RESERVE MILITARY MEMBERS, MILITARY SPOUSES, DEPENDENT CHILDREN AND VETERANS WITH THEIR TRANSITION OUT OF THE MILITARY AFTER SEPARATING OR RETIRING FROM DUTY. THIS SUPPORT INCLUDES THE FOUNDATION'S WORK TO: *PROVIDE PATHWAYS TO HELP SERVICE MEMBERS AND THEIR FAMILIES TRANSITION INTO CIVILIAN LIFE * TRAIN SERVICE MEMBERS TO HONE THEIR SKILLS * HONOR SERVICE MEMBER BY RECOGNIZING THE BEST IN FOODSERVICE OPERATIONS THROUGH THE TRAVELERS PROGRAM.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Susan Adzick Immediate Past Chair | OfficerTrustee | 5 | $0 |
Kent Walrack Chair | OfficerTrustee | 5 | $0 |
James Fripp Vice Chair | OfficerTrustee | 5 | $0 |
Shaun Beard Treasurer | OfficerTrustee | 5 | $0 |
Archna Becker Trustee | Trustee | 2 | $0 |
Horace Dawson Trustee | Trustee | 2 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Pebble Beach Resorts Golf Event Services | 12/30/22 | $750,075 |
Washington Hilton Npsi Event Services | 12/30/22 | $450,901 |
American Hotel & Lodging Foundation Consulting | 12/30/22 | $599,614 |
Linder Global Events Npsi Event Management Fee | 12/30/22 | $361,127 |
Mma Events Llc Dba Design Foundry Npsi Event Services | 12/30/22 | $314,975 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $2,753,875 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $7,229,492 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $9,983,367 |
| Total Program Service Revenue | $5,525,978 |
| Investment income | $694,997 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $6,271,825 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $243,919 |
| Net Income from Fundraising Events | -$526,556 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $22,193,530 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $4,043,314 |
| Grants and other assistance to domestic individuals. | $1,045,500 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $1,590,416 |
| Compensation of current officers, directors, key employees. | $42,598 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,935,614 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $1,968,583 |
| Payroll taxes | $348,728 |
| Fees for services: Management | $111,429 |
| Fees for services: Legal | $3,429 |
| Fees for services: Accounting | $43,300 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $103,445 |
| Fees for services: Other | $3,676,434 |
| Advertising and promotion | $140,432 |
| Office expenses | $472,442 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $88,821 |
| Travel | $334,737 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $2,186,974 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $175,233 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $19,750,677 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $6,089,927 |
| Savings and temporary cash investments | $47,362 |
| Pledges and grants receivable | $11,341,790 |
| Accounts receivable, net | $0 |
| 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 | $317,479 |
| Net Land, buildings, and equipment | $2,733,815 |
| Investments—publicly traded securities | $21,359,935 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $513,676 |
| Total assets | $42,403,984 |
| Accounts payable and accrued expenses | $3,214,250 |
| Grants payable | $94,000 |
| Deferred revenue | $123,500 |
| 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 | $3,431,750 |
| Net assets without donor restrictions | $11,307,924 |
| Net assets with donor restrictions | $27,664,310 |
| 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 | $42,403,984 |
Grants Awarded
Over the last fiscal year, The National Restaurant Association Educational Foundation has awarded $3,760,705 in support to 106 organizations.
| Grant Recipient | Amount |
|---|---|
ALABAMA RESTAURANT & HOSP PURPOSE: ProStart Program | $26,459 |
ALASKA CHARR EDUCATIONAL FUND PURPOSE: ProStart Program | $19,352 |
ACTION FOR BOSTON COMMUNITY DEVELOPMENT PURPOSE: HOPES Program | $74,402 |
ARIZONA RESTAURANT ASSOC ED FDN PURPOSE: ProStart Program | $17,854 |
ARKANSAS HOSPITALITY ASSOC ED FDN PURPOSE: ProStart Program | $17,176 |
ALVIS INC PURPOSE: HOPES Program | $83,191 |