Michigan Restaurant & Lodging Association
- Assets
- $5.5m
- Revenue
- $3.1m
- Investments
- $0.0
- Employees
- 21
- Location
- Lansing, MI
- Founding
- 11/1942
- Data as of
- 12/2022
- EIN
- 38-1222731
Organization Overview
Michigan Restaurant & Lodging Association is located in Lansing, MI. The organization was established in 1942. According to its NTEE Classification (B01) the organization is classified as: Alliances & Advocacy, under the broad grouping of Education and related organizations. As of 12/2022, Michigan Restaurant & Lodging Association employed 21 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Michigan Restaurant & Lodging 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 12/2022, Michigan Restaurant & Lodging Association generated $3.1m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 0.2% each year. All expenses for the organization totaled $3.2m during the year ending 12/2022. While expenses have increased by 2.2% 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
TO LEAD THE FOODSERVICE, LODGING AND HOSPITALITY INDUSTRY THROUGH ADVOCACY, EDUCATION AND INNOVATION.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PUBLICATION - MICHIGAN RESTAURANTEUR, DESIGNED TO INFORM AND EDUCATE MEMBERS ABOUT INDUSTRY DEVELOPMENTS (APPROXIMATELY 2,200 MEMBERS SERVED)
TRADE SHOW/SEMINARS - MEMBERS ARE BROUGHT TOGETHER TO SHARE THEIR EXPERTISE. SEMINARS ARE PROVIDED TO EDUCATE MEMBERS ON INDUSTRY TOPICS. (300 MEMBERS ATTENDED THE WIHL CONFERENCE, IN ADDITION TO VARIOUS OTHER SMALL SEMINARS/EVENT HELD WITH LESS THAN 100 INDIVIDUALS AT EACH EVENT)
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Janet Belcoure Sossi Past Chair | Trustee | 2 | $0 |
Ken Miller Past Chair | Trustee | 2 | $0 |
Dennis Brinker Past Chair | Trustee | 2 | $0 |
Richard Cregar Past Chair | Trustee | 2 | $0 |
Kevin Downey Past Chair | Trustee | 2 | $0 |
Matt Durack Past Chair | Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $174,095 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $174,095 |
| Total Program Service Revenue | $2,077,188 |
| Investment income | $2,100 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $235,378 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $3,722 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $3,056,309 |
| 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. | $513,215 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $850,154 |
| Pension plan accruals and contributions | $23,752 |
| Other employee benefits | $72,000 |
| Payroll taxes | $105,382 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $6,324 |
| Fees for services: Accounting | $26,162 |
| Fees for services: Lobbying | $397,372 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $10,235 |
| Fees for services: Other | $127,499 |
| Advertising and promotion | $63,402 |
| Office expenses | $56,132 |
| Information technology | $12,861 |
| Royalties | $0 |
| Occupancy | $154,748 |
| Travel | $22,975 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $127,381 |
| Interest | $6,778 |
| Payments to affiliates | $100,000 |
| Depreciation, depletion, and amortization | $114,526 |
| Insurance | $6,869 |
| All other expenses | $2,254 |
| Total functional expenses | $3,167,178 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,032,658 |
| Savings and temporary cash investments | $1,979,372 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $131,418 |
| 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 | $121,070 |
| Net Land, buildings, and equipment | $2,274,186 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $5,538,704 |
| Accounts payable and accrued expenses | $88,286 |
| Grants payable | $0 |
| Deferred revenue | $655,217 |
| 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 | $79,553 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $161,988 |
| Total liabilities | $985,044 |
| Net assets without donor restrictions | $4,553,660 |
| 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 | $5,538,704 |