Kansas Restaurant & Hospitality Association Inc
- Assets
- $1.5m
- Revenue
- $583.8k
- Investments
- $0.0
- Employees
- 0
- Location
- Wichita, KS
- Founding
- 09/1935
- Data as of
- 12/2022
- EIN
- 48-0533202
Organization Overview
Kansas Restaurant & Hospitality Association Inc is located in Wichita, KS. The organization was established in 1935. According to its NTEE Classification (S30) the organization is classified as: Economic Development, under the broad grouping of Community Improvement & Capacity Building and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Kansas Restaurant & Hospitality Association Inc 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 12/2022, Kansas Restaurant & Hospitality Association Inc generated $583.8k in total revenue. This represents relatively stable growth, over the past 4 years the organization has increased revenue by an average of 1.5% each year. All expenses for the organization totaled $540.5k during the year ending 12/2022. While expenses have increased by 2.0% per year over the past 4 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
REPRESENT THE KANSAS RESTAURANT & HOSPITALITY INDUSTRY THROUGH ADVOCACY, PROMOTION OF QUALITY GOODS AND SERVICES, OFFERING VALUE-ADDED MEMBER SERVICES AND BENEFITS AS THE PRIMARY RESOURCE FOR INDUSTRY INFORMATION AND EDUCATION.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PARTICIPATION IN STATE AND LOCAL ISSUES RELEVANT TO THE HOSPITALITY INDUSTRY
OFFER MEMBER BENEFITS AND SERVICES CONDUCIVE TO THE HOSPITALITY INDUSTRY
PROMOTE THE HOSPITALITY INDUSTRY IN KANSAS
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Adam Mills President/ceo | Officer | 18 | $90,882 |
Sheila Thomas VP Finance/cfo | Officer | 10 | $31,426 |
Travis Sartain Member Services Representative | 8 | $11,958 | |
Patrick Schreiner Board Member | Trustee | 0.06 | $0 |
Robert Little Board Member | Trustee | 0.06 | $0 |
Hugh O Reilly Board Member | Trustee | 0.06 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $366,411 |
| Fundraising events | $0 |
| Related organizations | $125,375 |
| 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 | $491,786 |
| Total Program Service Revenue | $149 |
| Investment income | $17,170 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $61,811 |
| Net Rental Income | $12,564 |
| Net Gain/Loss on Asset Sales | $272 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $583,752 |
| 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. | $126,840 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $106,840 |
| Pension plan accruals and contributions | $5,849 |
| Other employee benefits | $14,099 |
| Payroll taxes | $14,838 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $74,793 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $2,037 |
| Fees for services: Other | $143 |
| Advertising and promotion | $41,822 |
| Office expenses | $12,424 |
| Information technology | $7,125 |
| Royalties | $7,350 |
| Occupancy | $3,659 |
| Travel | $41,215 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $7,224 |
| Interest | $0 |
| Payments to affiliates | $34,837 |
| Depreciation, depletion, and amortization | $13,190 |
| Insurance | $9,315 |
| All other expenses | $16,919 |
| Total functional expenses | $540,519 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $91,908 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $13,798 |
| 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 | $4,239 |
| Net Land, buildings, and equipment | $501,310 |
| Investments—publicly traded securities | $544,869 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $320,892 |
| Total assets | $1,477,016 |
| Accounts payable and accrued expenses | $31,983 |
| 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 | $31,983 |
| Net assets without donor restrictions | $1,445,033 |
| 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 | $1,477,016 |