Louisiana Restaurant Association Inc
- Assets
- $104.8k
- Revenue
- $79.6k
- Investments
- $0.0
- Employees
- 0
- Location
- Metairie, LA
- Founding
- 11/1990
- Data as of
- 12/2021
- EIN
- 58-2248900
Organization Overview
Louisiana Restaurant Association Inc is located in Metairie, LA. The organization was established in 1990. 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. This organization is a subordinate organization within an affiliated group for tax-exemption purposes. Louisiana Restaurant 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 12/2021, Louisiana Restaurant Association Inc generated $79.6k 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 (16.2%) each year. All expenses for the organization totaled $150.7k 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.
Since 2015, Louisiana Restaurant Association Inc has awarded 13 individual grants totaling $778,711. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
HOSPITALITY INDUSTRY TRADE ASSOCIATION
Describe the Organization's Program Activity:
Part 3 - Line 4a
REGULAR MEETINGS OF MEMBERS, TRADE SHOWS, ETC. INTENDED TO EDUCATE MEMBERS AND PROMOTE THE HOSPITALITY INDUSTRY IN LOUISIANA
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Stacey Fillingim Director | Trustee | 0.5 | $0 |
Randy Daniel Director | Trustee | 0.5 | $0 |
Rick Cambre Director | Trustee | 0.5 | $0 |
Clay Fasnacht Director | Trustee | 0.5 | $0 |
Casey Rawlings Director | Trustee | 0.5 | $0 |
Leonard Louvierre Director | Trustee | 0.5 | $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 | $1,302 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $78,283 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $79,585 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $82,545 |
| 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 | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| Information technology | $0 |
| 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 | $4,007 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $150,655 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $104,837 |
| 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 | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $104,837 |
| Accounts payable and accrued expenses | $0 |
| 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 | $0 |
| Net assets without donor restrictions | $104,837 |
| 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 | $104,837 |
Grants Awarded
Over the last fiscal year, Louisiana Restaurant Association Inc has awarded $15,000 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
Salt Lake City, UT PURPOSE: DONATION TO CHILDREN'S MIRACLE NETWORK HOSPITALS | $10,000 |
Metairie, LA PURPOSE: FUNDS SCHOLARSHIPS TO THE RESTAURANT AND HOTEL MANAGEMENT SCHOOLS IN LA | $5,000 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Louisiana Restaurant Association Inc has recieved totaling $40,000.
| Awarding Organization | Amount |
|---|---|
National Restaurant Association Washington, DC PURPOSE: Advocacy | $40,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Equal Heart Dallas, TX | $4,344,123 | $9,037,240 |
Manna House Midlothian, TX | $859,835 | $1,086,475 |
Winston County Self Help Cooperative Jackson, MS | $680,231 | $1,065,725 |
Texas Future Farmers Of America Foundation Inc Austin, TX | $14,218,746 | $1,810,105 |
Grow Dat Youth Farm New Orleans, LA | $794,685 | $1,279,279 |
Cafe Hope Inc Marrero, LA | $300,312 | $1,047,663 |
Cleverley Stone Foundation Houston, TX | $138,342 | $960,323 |
Vaad Hakashrus Of Dallas Inc Dallas, TX | $456,990 | $849,064 |
Longview Dream Center Inc Longview, TX | $1,173,110 | $488,981 |
The Souper Bowl Of Caring Inc Houston, TX | $129,844 | $395,422 |
Natural Soybean And Grain Alliance Inc Fayetteville, AR | $123,126 | $320,288 |
Fearless Farmers Brenham, TX | $0 | $675,967 |