Arkansas Hospitality Association Inc
- Assets
- $686.4k
- Revenue
- $613.8k
- Investments
- $99.0k
- Employees
- 7
- Location
- Little Rock, AR
- Founding
- 10/1973
- Data as of
- 12/2022
- EIN
- 71-0441069
Organization Overview
Arkansas Hospitality Association Inc is located in Little Rock, AR. The organization was established in 1973. According to its NTEE Classification (E01) the organization is classified as: Alliances & Advocacy, under the broad grouping of Health Care and related organizations. As of 12/2022, Arkansas Hospitality Association Inc employed 7 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Arkansas 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, Arkansas Hospitality Association Inc generated $613.8k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 4 years, the organization has seen revenues fall by an average of (8.7%) each year. All expenses for the organization totaled $543.3k during the year ending 12/2022. As we would expect to see with falling revenues, expenses have declined by (12.7%) per year over the past 4 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
SEE FORM 990, PART III, QUESTION 1
Describe the Organization's Program Activity:
Part 3 - Line 4a
SPONSORSHIP OF TRADE SHOWS AND CONVENTIONS TO PROMOTE THE HOSPITALITY INDUSTRY WITHIN THE STATE OF ARKANSAS.
SPONSORSHIP OF SEMINARS ON PROPER FOOD PREPARATION TECHNIQUES TO RESTAURANTS & OTHER FOOD SERVICE INDUSTRIES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Katie Beck CEO | Officer | 45 | $115,000 |
Dusti Yarber Ala Secretary | OfficerTrustee | 0 | $0 |
Annette Nichols Ala President | OfficerTrustee | 0 | $0 |
Gary Patel Ala Treasurer | OfficerTrustee | 0 | $0 |
Scott Smith Atc President | OfficerTrustee | 0 | $0 |
Casey Copeland Ara President | OfficerTrustee | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $285,688 |
| 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 | $285,688 |
| Total Program Service Revenue | $224,966 |
| Investment income | $335 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $7,690 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $613,776 |
| 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. | $103,500 |
| Compensation of current officers, directors, key employees. | $41,400 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $110,506 |
| Pension plan accruals and contributions | $1,759 |
| Other employee benefits | $11,021 |
| Payroll taxes | $16,415 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $4,800 |
| 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 | $12,815 |
| Information technology | $2,932 |
| Royalties | $0 |
| Occupancy | $34,181 |
| Travel | $16,234 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $42,371 |
| Interest | $797 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $14,554 |
| Insurance | $12,210 |
| All other expenses | $17,028 |
| Total functional expenses | $543,318 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $50 |
| Savings and temporary cash investments | $317,415 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $5,062 |
| 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 | $5,469 |
| Net Land, buildings, and equipment | $259,179 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $98,971 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $205 |
| Total assets | $686,351 |
| Accounts payable and accrued expenses | $15,357 |
| Grants payable | $0 |
| Deferred revenue | $92,229 |
| 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 | $107,586 |
| Net assets without donor restrictions | $578,765 |
| 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 | $686,351 |