Memphis Restaurant Association
- Assets
- $12.5k
- Revenue
- $48.5k
- Investments
- $0.0
- Employees
- 0
- Location
- Memphis, TN
- Founding
- 09/1994
- Data as of
- 12/2022
- EIN
- 62-1486826
Organization Overview
Memphis Restaurant Association is located in Memphis, TN. The organization was established in 1994. 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 an independent organization and not affiliated with a larger national or regional group of organizations. Memphis Restaurant Association 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, Memphis Restaurant Association generated $48.5k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 5 years, the organization has seen revenues fall by an average of (8.4%) each year. All expenses for the organization totaled $55.1k during the year ending 12/2022. As we would expect to see with falling revenues, expenses have declined by (8.0%) per year over the past 5 years. 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
THE MEMPHIS RESTAURANT ASSOCIATION (MRA) IS THE PREMIERE SUPPORT ORGANIZATION DEDICATED TO THE SUCESS OF OUR INDUSTRY AND COMMUNITY NOW AND INTO THE FUTURE. WE PROVIDE USEFUL, ACCESSIBLE TOOLS, EDUCATIONAL SERVICES AND GOVERNMENTAL REPRESENTATION TO PROMOTE THE STABILITY AND GROWTH OF OUR MEMBERS. THE MRA IS DEDICATED TO BUILDING COMMUNITY RELATIONSHIPS AND INVOLVEMENT IN ORDER TO INCREASE MEMBERSHIP AND CREATE A SPIRIT OF FELLOWSHIP AMOUNG ITS MEMBERS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE MEMPHIS RESTAURANT ASSOCIATION (MRA) IS THE PREMIER SUPPORT ORGANIZATIONS DEDICATED TO THE SUCCESS OF OUR INDUSTRY AND COMMUNITY NOW AND INTO THE FUTURE. WE PROVIDE USEFUL, ACCESSIBLE TOOLS, EDUCATION, SERVICES AND GOVERNMENTAL REPRESENTATION TO PROMOTO THE STABILITY AND GROWTH OF OUR MEMBERS. THE MRA IS DEDICATED TO BUILDING COMMUNITY RELATIONSHIPS AND INVOLVEMENT IN ORDER TO INCREASE MEMBERSHIP AND CREATE A SPIRIT OF FELLOWSHIP AMONG ITS MEMBERS. OUR BOARD MEETINGS WERE AS FOLLOWS: 7 IN-PERSON MEETINGS (JANUARY, FEBRUARY, APRIL, JUNE, AUGUST, SEPTEMBER AND NOVEMBER). OUR JANUARY GENERAL MEMBERSHIP MEETING WITH THE SHELBY COUNTY HEALTH DEPARTMENT WAS CANCELED DUE TO THE DIRECTOR DEALING WITH AN OUTBREAK OF COVID DELTA VARIANT IN SHELBY COUNTY. IT WAS RESCHEDULED FOR APRIL 2022. WE HAD A GENERAL MEMBERSHIP EDUCATIONAL SUMMIT IN SEPTEMBER 2022 WITH 5 SPEAKERS OVER 4 HOURS FOR OUR MEMBERS.
OUR ANNUAL FEBRUARY CELEBRATION TO RECOGNIZE TWO MEMBERS OF OUR ASSOCIATION WHO HAVE CONTRIBUTED BOTH TO THE INDUSTRY AND TO THEIR COMMUNITY WAS BACK IN 2022 AFTER TAKING A YEAR OFF IN 2021. THIS EVENT DRAWS MORE THAN 400 PEOPLE. OUT ANNUAL OCTOBER GOLF TOURNAMENT DRAWS ABOUT 100 PEOPLE. OUR COMMUNICATION WITH MEMBERS STAYED CONSISTENT REGARDING HEALTH DEPARTMENT POLICIES, BEST PRACTICES, RESOURCE FOR COVID SUPPLIES AND EDUCATION, WEBINARS, FINANCIAL SUPPORT, AND MORE. WE HAD 4 MEETINGS FOR OUR VENDOR MEMBERS.
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Sally Fienup Executive Di | Officer | 10 | $25,500 |
Stephanie Hatton Assistant Di | Officer | 5 | $8,150 |
Arturo Azcarate Member | Trustee | 1 | $0 |
Ed Cabigao Member | Trustee | 1 | $0 |
Bill Gidden Member | Trustee | 1 | $0 |
Chris Green Member | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $42,768 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $980 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $43,748 |
| Total Program Service Revenue | $0 |
| 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 | $4,764 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $48,512 |
| 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. | $33,650 |
| Compensation of current officers, directors, key employees. | $30,285 |
| 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 | $9,708 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $3,601 |
| 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 | $5,263 |
| All other expenses | $0 |
| Total functional expenses | $55,078 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $12,466 |
| 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 | $12,466 |
| 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 | $925 |
| Total liabilities | $925 |
| Net assets without donor restrictions | $11,541 |
| 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 | $12,466 |