Hospitality Tn
- Assets
- $412.7k
- Revenue
- $1.0m
- Investments
- $0.0
- Employees
- 7
- Location
- Nashville, TN
- Founding
- 11/1988
- Data as of
- 12/2022
- EIN
- 62-0381125
Organization Overview
Hospitality Tn is located in Nashville, TN. The organization was established in 1988. According to its NTEE Classification (S41) the organization is classified as: Chambers of Commerce & Business Leagues, under the broad grouping of Community Improvement & Capacity Building and related organizations. As of 12/2022, Hospitality TN employed 7 individuals. This organization is an itermediate organization (such as a geographic headquarters) for a national or regional group of organizations. Hospitality TN 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, Hospitality TN generated $1.0m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 0.3% each year. All expenses for the organization totaled $973.9k during the year ending 12/2022. While expenses have increased by 0.7% 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
STATEWIDE ASSOCIATION OF LODGING AND DINING ESTABLISHMENTS
Describe the Organization's Program Activity:
Part 3 - Line 4a
TO IMPROVE THE INDUSTRY OF DINING AND LODGING AND TO PROVIDE FRIENDLY AND ETHICAL COOPERATION BETWEEN DINING AND LODGING ESTABLISHMENTS WITHIN THE STATE OF TENNESSEE
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jackie Leatherwood Chair | Trustee | 1 | $0 |
Shawn Danko Vice Chair | Trustee | 1 | $0 |
Hugh Anderson Secretary/treasurer | Trustee | 1 | $0 |
Andy Marshall Immediate Past Chairman | Trustee | 1 | $0 |
Hugh Morrow Past Chair - 2nd Year | Trustee | 1 | $0 |
Wayne Tabor Past Chair - 2nd Year | 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 | $324,264 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $324,264 |
| Total Program Service Revenue | $250,126 |
| Investment income | $1,280 |
| 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 | $1,011,090 |
| 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. | $103,846 |
| Compensation of current officers, directors, key employees. | $51,923 |
| Compensation to disqualified persons | $278,927 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $7,957 |
| Other employee benefits | $1,841 |
| Payroll taxes | $29,909 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $25,745 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $27,717 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $67,864 |
| Travel | $26,082 |
| 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 | $4,900 |
| Insurance | $16,353 |
| All other expenses | $28,474 |
| Total functional expenses | $973,902 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $326,253 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $31,913 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $948 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $2,355 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $51,230 |
| Total assets | $412,699 |
| Accounts payable and accrued expenses | $11,330 |
| 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 | $48,814 |
| Total liabilities | $60,144 |
| Net assets without donor restrictions | $352,555 |
| 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 | $412,699 |