Alabama Restaurant & Hospitality Association Inc
- Assets
- $686.3k
- Revenue
- $685.9k
- Investments
- $0.0
- Employees
- 4
- Location
- Montgomery, AL
- Founding
- 07/1983
- Data as of
- 12/2022
- EIN
- 63-0837896
Organization Overview
Alabama Restaurant & Hospitality Association Inc is located in Montgomery, AL. The organization was established in 1983. According to its NTEE Classification (K03) the organization is classified as: Professional Societies & Associations, under the broad grouping of Food, Agriculture & Nutrition and related organizations. As of 12/2022, Alabama Restaurant & Hospitality Association Inc employed 4 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Alabama Restaurant & Hospitality 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 12/2022, Alabama Restaurant & Hospitality Association Inc generated $685.9k in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 5.3% each year. All expenses for the organization totaled $532.3k during the year ending 12/2022. While expenses have increased by 2.4% per year over the past 6 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
SERVE AND SUPPORT OUR MEMBERS BY PROMOTING, PROTECTING AND EDUCATING ALABAMA'S RESTAURANT, FOOD SERVICE AND HOSPITALITY INDUSTRY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE ASSOCIATION PROVIDES EDUCATIONAL PROGRAMS, MEMBERSHIP SERVICES, LEGISLATIVE AND GOVERNMENT RELATIONS, INFORMATIONAL SERVICES, AND PROMOTES THE INDUSTRY FOR ITS MEMBERS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Adam Keeshan Treasurer | OfficerTrustee | 1 | $0 |
Alan Patel Board Member | Trustee | 1 | $0 |
Andrew Dorough Board Member | Trustee | 1 | $0 |
Bill Lloyd Board Member | Trustee | 1 | $0 |
Bob Omainsky Immediate Past Chairman | OfficerTrustee | 1 | $0 |
Bob Parker Board Member | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $27,835 |
| 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 | $27,835 |
| Total Program Service Revenue | $490,723 |
| Investment income | $2 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $35,212 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | -$6,276 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $685,881 |
| 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. | $154,931 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $135,445 |
| Pension plan accruals and contributions | $11,720 |
| Other employee benefits | $15,344 |
| Payroll taxes | $22,606 |
| Fees for services: Management | $1,836 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $2,982 |
| Fees for services: Lobbying | $18,000 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $15,600 |
| Advertising and promotion | $1,212 |
| Office expenses | $51,172 |
| Information technology | $9,433 |
| Royalties | $0 |
| Occupancy | $15,509 |
| Travel | $20,783 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $36,437 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $2,422 |
| Insurance | $3,611 |
| All other expenses | $0 |
| Total functional expenses | $532,290 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $645,435 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $12,394 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $25,000 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $3,444 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $686,273 |
| Accounts payable and accrued expenses | $64,997 |
| 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 | $64,997 |
| Net assets without donor restrictions | $621,276 |
| 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 | $686,273 |