Restaurant Assn Of Maryland Inc
- Assets
- $1.6m
- Revenue
- $1.3m
- Investments
- $0.0
- Employees
- 8
- Location
- Columbia, MD
- Founding
- 09/1939
- Data as of
- 06/2024
- EIN
- 52-0458660
Organization Overview
Restaurant Assn Of Maryland Inc is located in Columbia, MD. The organization was established in 1939. According to its NTEE Classification (B01) the organization is classified as: Alliances & Advocacy, under the broad grouping of Education and related organizations. As of 06/2024, Restaurant Assn Of Maryland Inc employed 8 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Restaurant Assn Of Maryland 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 06/2024, Restaurant Assn Of Maryland Inc generated $1.3m in total revenue. This represents relatively stable growth, over the past 9 years the organization has increased revenue by an average of 1.8% each year. All expenses for the organization totaled $1.3m during the year ending 06/2024. While expenses have increased by 1.8% per year over the past 9 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
2024
Describe the Organization's Mission:
Part 3 - Line 1
TO PROMOTE, PROTECT & IMPROVE THE FOODSERVICE AND HOSPITALITY INDUSTRY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
SERVING AS A COOPERATIVE FOR MEMBERS FOR THE DISTRIBUTION OF INDUSTRY INFORMATION AND EDUCATION FROM ALL ASPECTS OF THE RESTAURANT AND HOSPITALITY INDUSTRY.
.
LEGISLATIVE REPRESENTATION TO MONITOR AND DISCUSS LEGISLATION PROPOSED AND ACTIVE AFFECTING THE RESTAURANT AND HOSPITALITY INDUSTRY FOR THE STATE OF MARYLAND.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Derrick Purcell Director | Trustee | 1 | $0 |
Kevin Keller Treasurer | OfficerTrustee | 1 | $0 |
Nicole Youse Director | Trustee | 1 | $0 |
Will Robinson Past Chairma | OfficerTrustee | 1 | $0 |
Clare Frey Director | Trustee | 1 | $0 |
Tricia Hudson Chairman | OfficerTrustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $329,610 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $204,526 |
| All other contributions, gifts, grants, and similar amounts not included above | $227,600 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $761,736 |
| Total Program Service Revenue | $169,745 |
| Investment income | $5,058 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $116,132 |
| Net Rental Income | $12,880 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $38,347 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,250,651 |
| 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. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $708,934 |
| Pension plan accruals and contributions | $21,365 |
| Other employee benefits | $52,086 |
| Payroll taxes | $46,097 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $19,530 |
| Fees for services: Lobbying | $30,500 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $25 |
| Fees for services: Other | $0 |
| Advertising and promotion | $68,635 |
| Office expenses | $11,633 |
| Information technology | $5,818 |
| 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 | $51,984 |
| Interest | $3,857 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $30,662 |
| Insurance | $19,357 |
| All other expenses | $127,613 |
| Total functional expenses | $1,286,858 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $332,736 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $127,069 |
| 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 | $23,442 |
| Net Land, buildings, and equipment | $832,358 |
| Investments—publicly traded securities | $305,033 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $1,620,638 |
| Accounts payable and accrued expenses | $63,709 |
| Grants payable | $0 |
| Deferred revenue | $40,000 |
| 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 | $134,220 |
| Other liabilities | $386,536 |
| Total liabilities | $624,465 |
| Net assets without donor restrictions | $996,173 |
| 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 | $1,620,638 |