Wisconsin Restaurant Association Education Foundation Inc
- Assets
- $1.6m
- Revenue
- $896.5k
- Investments
- $0.0
- Employees
- 0
- Location
- Madison, WI
- Founding
- 11/1987
- Data as of
- 12/2023
- 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 12/2023, Wisconsin Restaurant Association Education Foundation Inc generated $896.5k in total revenue. This represents relatively stable growth, over the past 9 years the organization has increased revenue by an average of 1.7% each year. All expenses for the organization totaled $809.8k during the year ending 12/2023. While expenses have increased by 1.5% per year over the past 9 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
THE ADVANCEMENT AND PROMOTION OF FOOD SERVICE STUDIES; TO MAKE AVAILABLE POST-SECONDARY EDUCATION IN FOOD SERVICE RELATED FIELDS THROUGH GRANTS AND SCHOLARSHIPS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
EDUCATIONAL PROGRAMS - THE FOUNDATION OFFERS EDUCATIONAL PROGRAMS WHICH ARE GEARED TO ATTRACT AND EDUCATE FUTURE LEADERS OF THE INDUSTRY AND PROVIDE AFFORDABLE, QUALITY EDUCATIONAL SEMINARS AND CERTIFICATION FOR THOSE ALREADY WORKING IN THE INDUSTRY. EDUCATIONAL PROGRAMS INCLUDES THE PROSTART HIGH SCHOOL COLLEGE-PREP PROGRAM WHICH COMBINES CUTTING-EDGE EDUCATION WITH REALWORLD EXPERIENCE TO GUIDE STUDENTS TOWARD SUCCESS IN COLLEGE AND BEYOND. THE FOUNDATION OFFERS SERVSAFE REVIEW COURSES AND CERTIFICATION EXAMS FOR INDIVIDUAL WHO ARE SEEKING A CERTIFIED FOOD PROTECTION MANAGER CREDENTIAL.
MEMBER SERVICES - MEMBER SERVICES CONSISTS OF PROVIDING GUIDANCE, SERVICES AND SUPPORT TO PROMOTE MEMBER SATISFACTION. THE LOCAL CHAPTERS ARE OPERATING TO FURTHER THE ASSOCIATION'S MISSION BY FOCUSING ON THEIR REGIONS AND COMMUNITIES. THE ASSOCIATION ASSISTS WITH ORGANIZATION OF CHAPTER MEETINGS AS WELL AS DEVELOPMENT ON NEW CHAPTERS AND CHANGES IN BOUNDARIES. THE ASSOCIATION SELLS DINING GIFT CERTIFICATES TO THE PUBLIC THAT CAN BE REDEEMED AT ANY PARTICIPATING MEMBER RESTAURANT WITH THE GOAL OF INCREASING THE EXPOSURE TO THESE MEMBERS.
SCHOLARSHIPS - THE FOUNDATION PROVIDES SCHOLARSHIPS TO STUDENTS (BOTH TRADITIONAL AND NONTRADITIONAL) SEEKING POST-SECONDARY DEGREES IN CULINARY ARTS AND/OR RESTAURANT MANAGEMENT. THE FOUNDATION ADMINISTERS SCHOLARSHIPS FUNDED BY ITS OWN ENDOWMENT FUND, WHICH ARE AWARDED ONCE A MINIMUM ENDOWMENT THRESHOLD HAS BEEN MET. SCHOLARSHIP ADMINISTRATION EXPENSES INCLUDE COSTS ASSOCIATED WITH SOLICITING APPLICANTS, PROCESSING APPLICATIONS, ORGANIZING THE SELECTION PROCESS, NOTIFYING WINNERS, AND ADMINISTERING FUNDS TO THE WINNERS' SCHOOLS OF CHOICE.
PUBLIC RELATIONS - CONSISTS OF EFFORTS TO ADVANCE FOOD SERVICE TOURISM GOALS BY PROMOTING A POSITIVE INDUSTRY IMAGE THROUGH PUBLIC RELATIONS PROGRAMS. THE FOUNDATION PROMOTES EDUCATIONAL OPPORTUNITIES, PROFESSIONALISM, AND CAREER OPPORTUNITIES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Scott Schupbach Chair(thru April)/immediate Past Chair | OfficerTrustee | 1 | $0 |
Vicki Mendham Chair Elect(thru April)/chair(from May) | OfficerTrustee | 1 | $0 |
Tom Anderson Treasurer(thru April)/chair Elect(from May) | OfficerTrustee | 1 | $0 |
Bryon Coleman Treasurer (from May) | OfficerTrustee | 1 | $0 |
David Ross Immediate Past Chair (thru April) | Trustee | 1 | $0 |
Maggie Kauer Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $141,302 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $178,408 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $319,710 |
| Total Program Service Revenue | $547,240 |
| Investment income | $28,071 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $20,489 |
| Net Income from Fundraising Events | -$18,988 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $896,522 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $650 |
| Grants and other assistance to domestic individuals. | $20,300 |
| 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 | $394,582 |
| Fees for services: Legal | $1,440 |
| Fees for services: Accounting | $4,262 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $8,834 |
| Fees for services: Other | $19,550 |
| Advertising and promotion | $0 |
| Office expenses | $94,679 |
| Information technology | $22,085 |
| Royalties | $0 |
| Occupancy | $31,040 |
| Travel | $23,081 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $40,332 |
| Interest | $5,439 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $18,132 |
| Insurance | $0 |
| All other expenses | $125,402 |
| Total functional expenses | $809,808 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $106,681 |
| Savings and temporary cash investments | $62,090 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $10,862 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $3,863 |
| Prepaid expenses and deferred charges | $18,858 |
| Net Land, buildings, and equipment | $378,031 |
| Investments—publicly traded securities | $926,369 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $43,545 |
| Total assets | $1,550,299 |
| Accounts payable and accrued expenses | $48,177 |
| Grants payable | $0 |
| Deferred revenue | $25,550 |
| 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 | $348,140 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $135,488 |
| Total liabilities | $557,355 |
| Net assets without donor restrictions | $992,944 |
| 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 | $1,550,299 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Michigan Foundation For Agriculture Lansing, MI | $584,148 | $7,217,364 |
Kent Corporation Charitable Foundation Muscatine, IA | $743,892 | $1,475,330 |
Wisconsin Restaurant Association Education Foundation Inc Madison, WI | $1,550,299 | $896,522 |
Kikkoman Foods Foundation Inc Walworth, WI | $10,201,722 | $714,456 |
Feeding Tomorrow Chicago, IL | $0 | $551,945 |
Orland Township Food Pantry Fndn Orland Park, IL | $411,591 | $0 |
Logan County Fair Foundation Lincoln, IL | $183,695 | $0 |
E Owen Keeler Charitable Trust Milwaukee, WI | $290,562 | $5,651 |
Lifescape Community Services Foundation Nfp Rockford, IL | $1,815,048 | $73,412 |
Dairy Business Foundation Inc Green Bay, WI | $0 | $0 |
George P Irwin Conservation Education Station Inc Salem, IL | $165,445 | $0 |
Offshootz Chicago, IL | $0 | $0 |