Hospitality Business Network Foundation Inc
- Assets
- $45.6k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 1
- Location
- Marietta, GA
- Founding
- 11/2013
- Data as of
- 12/2021
- EIN
- 46-2010898
Organization Overview
Hospitality Business Network Foundation Inc is located in Marietta, GA. The organization was established in 2013. According to its NTEE Classification (B03) the organization is classified as: Professional Societies & Associations, 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. Hospitality Business Network 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, Hospitality Business Network Foundation Inc generated $99.6k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (9.2%) each year. All expenses for the organization totaled $116.1k during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (6.0%) per year over the past 7 years. You can explore the organizations financials more deeply in the financial statements section below.
Form
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2021
Describe the Organization's Program Activity:
Part 3
THE HOSPITALITY BUSINESS NETWORK FOUNDATION, INC IS AN ORGANIZATION CONSISTING OF EXECUTIVES FROM THE PUBLIC AND PRIVATE SECTORS ENGAGED IN A BUSINESS TO BUSINESS NETWORKING ACTIVITY FOR THE PURPOSE OF SHARING NEW IDEAS, BUSINESS TRENDS, PAST HISTORIES OF SUCCESS AND FAILURES, AS WELL AS BEST BUSINESS PRACTICES. THE ORGANIZATION MEETS FORMALLY 2 TIMES A YEAR FOR CONFERENCES AND HOSTS A GOLF TOURNAMENT AT THE END OF THE YEAR FOR SPONSORS AND GUESTS. A MINIMUM OF 50% OF ALL NET PROCEEDS FROM SPONSORSHIP SUPPORT AND ENTRY FEES WILL BE DONATED TO VARIOUS NON PROFIT CHARITIES AND FOUNDATIONS THAT BENEFIT DISABLED VETERANS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Tony Hobson Secretary | 10 | $0 | |
Walter Kiley Director | 5 | $0 | |
Ashlyn Laporte Director | 5 | $0 | |
Wb Baldwin CEO | 30 | $0 | |
Mark Zimmerman Chairman | 15 | $0 | |
Sharon Goldmacher Vice Chair | 15 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $99,616 |
| Total Program Service Revenue | $0 |
| Membership dues | $0 |
| Investment income | $0 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $99,616 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $0 |
| Professional fees and other payments to independent contractors | $0 |
| Occupancy, rent, utilities, and maintenance | $0 |
| Printing, publications, postage, and shipping | $0 |
| Other expenses | $116,067 |
| Total expenses | $116,067 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $45,609 |
| Other assets | $0 |
| Total assets | $45,609 |
| Total liabilities | $46 |
| Net assets or fund balances | $45,563 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Hospitality Business Network Foundation Inc has recieved totaling $5,000.
| Awarding Organization | Amount |
|---|---|
Organization Name not Listed PURPOSE: CIVIC/COMMUNITY PROGRAMMING | | $5,000 |
Peer Organizations
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|---|---|---|
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Methodist University Inc Fayetteville, NC | $132,260,615 | $89,510,877 |
Early Learning Coalition Of Indian River Martin & Okeechobee Counties Stuart, FL | $1,642,203 | $20,708,038 |
Early Learning Coalition Of Marion County Inc Ocala, FL | $2,959,241 | $19,272,035 |
Eastern States Veterinary Association Inc Orlando, FL | $24,266,314 | $20,705,177 |
Alabama Education Association Inc Montgomery, AL | $11,369,391 | $16,688,773 |
Tennessee Education Association Inc Nashville, TN | $10,428,351 | $9,646,926 |
Georgia School Boards Association Inc Lawrenceville, GA | $6,628,869 | $7,234,902 |
College And University Professional Association For Human Resources Knoxville, TN | $15,862,589 | $7,812,208 |
Center For Credentialing And Education Inc Greensboro, NC | $13,101,154 | $10,633,640 |
Avondale Education Association Inc Decatur, GA | $8,429,300 | $7,595,655 |