Nebraska Restaurant Association
- Assets
- $16.9k
- Revenue
- $139.7k
- Investments
- $0.0
- Employees
- 5
- Location
- Lincoln, NE
- Founding
- 04/1966
- Data as of
- 12/2021
- EIN
- 47-0492308
Organization Overview
Nebraska Restaurant Association is located in Lincoln, NE. The organization was established in 1966. According to its NTEE Classification (K99) the organization is classified as: Food, Agriculture & Nutrition N.E.C., under the broad grouping of Food, Agriculture & Nutrition and related organizations. As of 12/2021, Nebraska Restaurant Association employed 5 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Nebraska Restaurant Association is a 501(c)(6) and as such, is described as a "Business League, Chambers of Commerce, or Real Estate Board" by the IRS.
For the year ending 12/2021, Nebraska Restaurant Association generated $139.7k 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 (10.7%) each year. All expenses for the organization totaled $138.3k during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (10.5%) per year over the past 7 years. 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 PROMOTE THE RESTAURANT INDUSTRY
Describe the Organization's Program Activity:
Part 3 - Line 4a
MEMBERSHIP ORGANIZATION CONSISTING OF NEBRASKA RESTAURANT OWNERS. THE ORGANIZATION SHARES CONCEPTS AND RELATED INFORMATION WITH ITS' MEMBERS.
TO PROMOTE THE RESTAURANT INDUSTRY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Zoe Olson Exec. Direct | Officer | 40 | $63,000 |
Doug Daize 1st Vice Pre | OfficerTrustee | 2 | $0 |
Brent Lindner Secretary-Tr | OfficerTrustee | 2 | $0 |
Mitch Tempus 2nd Vice Pre | OfficerTrustee | 2 | $0 |
John Wade President | OfficerTrustee | 2 | $0 |
Judy Daniell Director | Trustee | 1 | $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 | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $102,443 |
| Investment income | $36 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $16,214 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $139,694 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| 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. | $63,000 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $17,624 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $13,600 |
| Payroll taxes | $6,271 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $6,470 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $6,577 |
| Office expenses | $298 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $2,600 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $30 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $0 |
| All other expenses | $4,817 |
| Total functional expenses | $138,264 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $16,292 |
| Savings and temporary cash investments | $0 |
| 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 | $589 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $16,881 |
| Accounts payable and accrued expenses | $2,565 |
| 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 | $2,565 |
| Net assets without donor restrictions | $14,316 |
| 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 | $16,881 |
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|---|---|---|
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Health Research Institute Fairfield, IA | $294,811 | $596,439 |
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Slow Food Usa Inc Jackson, WY | $277,125 | $784,406 |
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Kirchner Impact Foundation Glen Haven, CO | $793,810 | $530,000 |