Hospitality Business Network Foundation Inc
- Assets
- $34.1k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 1
- Location
- Marietta, GA
- Founding
- 11/2013
- Data as of
- 12/2022
- 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 12/2022, Hospitality Business Network Foundation Inc generated $98.5k 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 (9.4%) each year. All expenses for the organization totaled $110.9k during the year ending 12/2022. As we would expect to see with falling revenues, expenses have declined by (6.6%) 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
2022
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 |
|---|---|---|---|
Wb Baldwin CEO | 30 | $0 | |
Mark Zimmerman Chairman | 15 | $0 | |
Guy Thompson Secretary | 1 | $0 | |
William Pate Director | 5 | $0 | |
Sharon Goldmacher Vice Chair | 15 | $0 | |
Karen Bremer Director | 5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $103,025 |
| Total Program Service Revenue | $1,796 |
| Membership dues | $0 |
| Investment income | $0 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | -$6,272 |
| Other Revenue | $0 |
| Total Revenue | $98,549 |
| 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 | $32 |
| Occupancy, rent, utilities, and maintenance | $0 |
| Printing, publications, postage, and shipping | $0 |
| Other expenses | $110,852 |
| Total expenses | $110,884 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $34,068 |
| Other assets | $0 |
| Total assets | $34,068 |
| Total liabilities | $840 |
| Net assets or fund balances | $33,228 |