Wisconsin Restaurant Association Education Foundation Inc
- Assets
- $1.6m
- Revenue
- $842.1k
- Investments
- $0.0
- Employees
- 0
- Location
- Madison, WI
- Founding
- 11/1987
- Data as of
- 12/2021
- EIN
- 39-1557486
Organization Overview
Wisconsin Restaurant Association Education Foundation Inc is located in Madison, WI. The organization was established in 1987. According to its NTEE Classification (K11) the organization is classified as: Single Organization Support, under the broad grouping of Food, Agriculture & Nutrition and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Wisconsin 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, Wisconsin Restaurant Association Education Foundation Inc generated $842.1k 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 $670.1k 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 PROFESSIONALISM THROUGH EDUCATION, SCHOLARSHIPS AND COMMUNITY INVOLVEMENT TO ENSURE THE FUTURE SUCCESS OF THE FOODSERVICE INDUSTRY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
COURSES OFFERING PROFESSIONAL DEVELOPMENT AND CERTIFICATION CLASSES FOR ALL LEVELS OF THE FOODSERVICE INDUSTRY. COURSES INCLUDE SERVSAFE AND SERVSAFE ALCOHOL CERTIFICATION COURSES, RISK MANAGEMENT, AND PROSTART, A NATIONWIDE, TWO-YEAR PROGRAM FOR HIGH SCHOOL STUDENTS INTERESTED IN A CAREER IN FOODSERVICE.
THE FOUNDATION PROVIDES SCHOLARSHIPS FOR TWO- AND FOUR-YEAR PROGRAMS AND APPRENTICESHIPS IN CULINARY ARTS AND HOSPITALITY MANAGEMENT AND PROVIDES SUPPORT FOR SECONDARY SCHOOL-TO-CAREER PROGRAMS.
THE FOUNDATION PROVIDES AND PROMOTES EDUCATIONAL OPPORTUNITIES, CAREER OPPORTUNITIES, PROFESSIONALISM, AND SAFETY STANDARDS IN THE FOODSERVICE INDUSTRY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
David Ross Chairman | OfficerTrustee | 0.5 | $0 |
Scott Schupbach Chair Elect | OfficerTrustee | 1 | $0 |
Vicki Mendham Treasurer | OfficerTrustee | 1 | $0 |
Kristine Hillmer Secretary, President & CEO | Officer | 1 | $0 |
Chris Wiken Director | Trustee | 0.5 | $0 |
Tom Anderson Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $29,840 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $200,900 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $230,740 |
| Total Program Service Revenue | $502,716 |
| Investment income | $60,146 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $44,658 |
| Net Income from Fundraising Events | $3,886 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $842,146 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $19,475 |
| 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 | $328,274 |
| Fees for services: Legal | $3,696 |
| Fees for services: Accounting | $3,260 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $9,356 |
| Fees for services: Other | $23,675 |
| Advertising and promotion | $0 |
| Office expenses | $64,034 |
| Information technology | $25,966 |
| Royalties | $0 |
| Occupancy | $31,009 |
| Travel | $5,432 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $24,517 |
| Interest | $5,954 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $16,594 |
| Insurance | $0 |
| All other expenses | $108,854 |
| Total functional expenses | $670,096 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $115,989 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $56,726 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $4,627 |
| Prepaid expenses and deferred charges | $32,181 |
| Net Land, buildings, and equipment | $400,942 |
| Investments—publicly traded securities | $994,659 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $1,605,124 |
| Accounts payable and accrued expenses | $56,020 |
| Grants payable | $0 |
| Deferred revenue | $43,145 |
| 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 | $430,215 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $254,135 |
| Total liabilities | $783,515 |
| Net assets without donor restrictions | $821,609 |
| 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 | $1,605,124 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Wisconsin Restaurant Association Education Foundation Inc has recieved totaling $60,865.
| Awarding Organization | Amount |
|---|---|
The National Restaurant Association Educational Foundation Washington, DC PURPOSE: ProStart Program | $60,865 |
Endowment Analysis
| Beg. Balance | $948,354 |
| Earnings | $63,796 |
| Admin Expense | $9,356 |
| Net Contributions | $33,325 |
| Other Expense | $8,887 |
| Grants | $16,625 |
| Ending Balance | $1,010,607 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Michigan Foundation For Agriculture Lansing, MI | $454,773 | $4,183,313 |
Kent Corporation Charitable Foundation Muscatine, IA | $110,865 | $2,340,138 |
Wisconsin Restaurant Association Education Foundation Inc Madison, WI | $1,605,124 | $842,146 |
Kikkoman Foods Foundation Inc Walworth, WI | $10,054,783 | $1,155,966 |
Feeding Tomorrow Chicago, IL | $10,404,409 | $595,738 |
Orland Township Food Pantry Fndn Orland Park, IL | $411,591 | $0 |
E Owen Keeler Charitable Trust Milwaukee, WI | $304,439 | $6,201 |
Logan County Fair Foundation Lincoln, IL | $143,712 | $0 |
Lifescape Community Services Foundation Nfp Rockford, IL | $1,531,175 | $149,601 |
George P Irwin Conservation Education Station Inc Salem, IL | $136,118 | $0 |
Dairy Business Foundation Inc Green Bay, WI | $0 | $0 |
Soy For Life Foundation Ankeny, IA | $37,425 | $0 |