New Hampshire Loding & Restaurant Association Education Foundation
- Assets
- $259.2k
- Revenue
- $156.2k
- Investments
- $0.0
- Employees
- 0
- Location
- Concord, NH
- Founding
- 01/2010
- Data as of
- 09/2023
- EIN
- 59-3789099
Organization Overview
New Hampshire Loding & Restaurant Association Education Foundation is located in Concord, NH. The organization was established in 2010. According to its NTEE Classification (B82) the organization is classified as: Scholarships & Student Financial Aid, 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. New Hampshire Loding & Restaurant Association Education Foundation 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 09/2023, New Hampshire Loding & Restaurant Association Education Foundation generated $156.2k in total revenue. This organization has experienced exceptional growth, as over the past 8 years, it has increased revenue by an average of 26.4% each year . All expenses for the organization totaled $87.9k during the year ending 09/2023. While expenses have increased by 22.9% per year over the past 8 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
THE CORPORATION IS ORGANIZED EXCLUSIVELY FOR CHARITABLE AND EDUCATIONAL PURPOSES. SUCH PURPOSES SHALL INCLUDE GRANTING OF SCHOLARSHIPS TO FURTHER THE EDUCATION AND TRAINING OF PEOPLE CURRENTLY EMPLOYED OR THOSE SEEKING EMPLOYMENT IN THE HOSPITALITY INDUSTRY AND TO FACILITATE AND SUPPORT ADDITIONAL TRAINING PROGRAMS AND OPPORTUNITIES AS NEEDED BY THE HOSPITALITY INDUSTRY IN THE STATE OF NEW HAMPSHIRE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE ORGANIZATION IS THE STATE AFFILIATE FOR THE NATIONAL RESTAURANT ASSOCIATION PROSTART PROGRAM WITH STATEWIDE HIGH SCHOOLS. THE ORGANIZATION SUPPORTS LOCAL HIGH SCHOOLS CURRENTLY USING THE HOSPITALITY AND TOURISM MANAGEMENT PROGRAM CURRICULUM. THE ORGANIZATION ALSO SUPPORTS HIGH SCHOOL PROGRAMS USING THE PROSTART CURRICULUM WHICH ENCOMPASSES CULINARY TECHNIQUES AND MANAGEMENT SKILLS. THERE ORGANIZATION HOLDS A STATE COMPETITION AND FUNDS THE WINNING TEAM'S TRAVEL AND EXPENSES TO COMPETE AT THE NATIONAL COMPETITION.
WOMEN IN HOSPITALITY & TOURISM WAS DESIGNED TO CELEBRATE WOMEN IN THE HOSPITALITY AND TOURISM INDUSTRY,PROVIDE AN OPPORTUNITY TO CONNECT WITH AND DEVELOP PEER RELATIONSHIPS, AND TO ADDRESS TOP-OF MINDTOPICS WITH A GROUP OF INDUSTRY PROFESSIONALS.
THE NEW HAMPSHIRE HOSPITALITY EMPLOYEE RELIED FUND (NHHERF) WAS LAUNCHED BY THE NEW HAMPSHIRE LODGING & RESTAURANT ASSOCIATION (NHLRA) AND THE NEW HAMPSHIRE LODGING & RESTAURANT ASSOCIATION EDUCATION FOUNDATION (NHLRAEF) TO SUPPORT EMPLOYEES OF THE HOSPITALITY INDUSTRY WHO HAVE BEEN IMPACTED BY COVID-19 BY PROVIDING DIRECT GRANTS TO AFFECTED EMPLOYEES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Robert Mccarthy Director | Trustee | 0 | $0 |
Pamela Bissonnette Director | Trustee | 0 | $0 |
Mike Somers Treasurer | OfficerTrustee | 2 | $0 |
Dominic Berry Director | Trustee | 0 | $0 |
Kelsey Hayes President | OfficerTrustee | 0 | $0 |
Garrik Berry Director | Trustee | 0 | $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 | $68,124 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $68,124 |
| Total Program Service Revenue | $86,748 |
| Investment income | $1,357 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $156,229 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $16,030 |
| 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 | $2,616 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $325 |
| 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 | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $87,905 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $236,826 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $5,882 |
| 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 | $16,528 |
| Total assets | $259,236 |
| 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 | $4,500 |
| Total liabilities | $4,500 |
| Net assets without donor restrictions | $0 |
| 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 | $254,736 |
| Total liabilities and net assets/fund balances | $259,236 |