Missouri Restaurant Association Education Foundation
- Assets
- $666.8k
- Revenue
- $455.3k
- Investments
- $0.0
- Employees
- 0
- Location
- Kansas City, MO
- Founding
- 12/1977
- Data as of
- 12/2021
- EIN
- 43-6222757
Organization Overview
Missouri Restaurant Association Education Foundation is located in Kansas City, MO. The organization was established in 1977. According to its NTEE Classification (B82) the organization is classified as: Scholarships & Student Financial Aid, under the broad grouping of Education and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Missouri Restaurant Association Education 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 12/2021, Missouri Restaurant Association Education Foundation generated $455.3k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 6.4% each year. All expenses for the organization totaled $266.2k during the year ending 12/2021. While expenses have increased by 0.5% 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO CONTRIBUTE, DONATE AND GIVE FINANCIAL AID AND SUPPORT TO PROVIDE SCHOLARSHIPS AND SUPPORT IN CONNECTION WITH THE SCHOOLING AND EDUCATION OF INDIVIDUALS IN THE AREA CONCERNED WITH OR DIRECTLY RELATED TO THE RESTAURANT INDUSTRY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROSTART PROGRAM PROVIDES CULINARY AND MANAGEMENT TRAINING FOR THE FUTURE LEADERS OF THE RESTAURANT INDUSTRY. PROSTART STUDENTS RECEIVE CLASSROOM TRAINING, MENTORED WORK EXPERIENCE, MARKETABLE JOB SKILLS, AND ACCESS TO COLLEGE SCHOLARSHIPS. CURRENTLY, THERE ARE APPROXIMATELY 4,000 PROSTART STUDENTS IN 75 HIGH SCHOOLS AND TECHNICAL CENTERS IN MISSOURI. PROSTART STUDENTS ALSO HAVE THE OPPORTUNITY TO DEMONSTRATE THEIR SKILLS IN ANNUAL STATE AND NATIONAL CULINARY AND MANAGEMENT COMPETITIONS.
GILBERT ROBINSON LECTURE SERIES
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jeffrey Guinn Chairman Of The Board | OfficerTrustee | $0 | |
Lydia Melton Vice President | OfficerTrustee | $0 | |
Vito Anthony Favazza Jr Secretary/treasurer | Officer | $0 | |
Gregory Hunsucker President | Officer | $0 | |
Richard Dick Walls Sr Director | Trustee | $0 | |
Michael Burris Director | Trustee | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $405,727 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $405,727 |
| Total Program Service Revenue | $0 |
| Investment income | $15,075 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $34,454 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $455,256 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $76,179 |
| 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. | $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 | $13,666 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $800 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $8,965 |
| Fees for services: Other | $96 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| 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 | $0 |
| Insurance | $0 |
| All other expenses | $66,379 |
| Total functional expenses | $266,233 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $36,330 |
| Pledges and grants receivable | $0 |
| 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 | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $630,428 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $666,758 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| 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 | $0 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $666,758 |
| 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 | $666,758 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Missouri Restaurant Association Education Foundation has recieved totaling $166,283.
| Awarding Organization | Amount |
|---|---|
Kansas City Regional Destination Development Foundation Kansas City, MO PURPOSE: GENERAL SUPPORT | $100,556 |
The National Restaurant Association Educational Foundation Washington, DC PURPOSE: ProStart Program | $65,727 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
National Equity Fund Inc Chicago, IL | $118,912,735 | $59,533,345 |
Education Loan Finance Inc Knoxville, TN | $2,281,627,256 | $227,234,757 |
Iowa Student Loan Liquidity Corp West Des Moines, IA | $1,230,053,718 | $45,688,659 |
Noble Research Institute Llc Ardmore, OK | $149,630,598 | $47,833,341 |
National Merit Scholarship Corporation Evanston, IL | $183,825,978 | $50,191,294 |
Evans Scholars Foundation Glenview, IL | $101,873,087 | $62,566,812 |
Folds Of Honor Foundation Owasso, OK | $73,033,715 | $51,158,137 |
Wichita Center For Graduate Medical Education Inc Wichita, KS | $5,382,351 | $22,892,628 |
Nebraska Student Loan Program Inc Lincoln, NE | $230,624,169 | $45,453,979 |
Hca Healthcare Foundation Nashville, TN | $97,582,102 | $44,453,527 |
Future Leaders Of Americafoundation Inc Chicago, IL | $0 | $13,517,008 |
Kansas City Scholars Inc Kansas City, MO | $5,810,030 | $12,156,402 |