Arkansas Hospitality Association Inc
- Assets
- $751.3k
- Revenue
- $688.4k
- Investments
- $98.8k
- Employees
- 6
- Location
- Little Rock, AR
- Founding
- 10/1973
- Data as of
- 12/2021
- 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 12/2021, Arkansas Hospitality Association Inc employed 6 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 12/2021, Arkansas Hospitality Association Inc generated $688.4k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (4.7%) each year. All expenses for the organization totaled $614.5k during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (6.8%) per year over the past 7 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
2021
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 |
|---|---|---|---|
Montine Mcnulty Past CEO | Officer | 45 | $149,456 |
Katie Beck CEO | Officer | 45 | $19,167 |
Annette Nichols Ala President | Trustee | 0 | $0 |
Ryan Hamra Chairman | Trustee | 0 | $0 |
Jay Lallu Ala Past Presid | Trustee | 0 | $0 |
Scott Smith Atc President | Trustee | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $266,149 |
| 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 | $266,149 |
| Total Program Service Revenue | $304,353 |
| Investment income | $428 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $34,964 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $688,427 |
| 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. | $151,760 |
| Compensation of current officers, directors, key employees. | $60,704 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $177,333 |
| Pension plan accruals and contributions | $7,020 |
| Other employee benefits | $6,477 |
| Payroll taxes | $25,492 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $3,800 |
| 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 | $12,109 |
| Information technology | $5,007 |
| Royalties | $0 |
| Occupancy | $35,853 |
| Travel | $7,964 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $5,381 |
| Interest | $1,494 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $13,984 |
| Insurance | $12,057 |
| All other expenses | $14,274 |
| Total functional expenses | $614,491 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $50 |
| Savings and temporary cash investments | $208,768 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $160,925 |
| 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 | $5,144 |
| Net Land, buildings, and equipment | $277,455 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $98,763 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $205 |
| Total assets | $751,310 |
| Accounts payable and accrued expenses | $48,059 |
| Grants payable | $0 |
| Deferred revenue | $118,035 |
| 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 | $55,126 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $221,220 |
| Net assets without donor restrictions | $516,082 |
| Net assets with donor restrictions | $14,008 |
| 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 | $751,310 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Arkansas Hospitality Association Inc has recieved totaling $52,737.
| Awarding Organization | Amount |
|---|---|
The National Restaurant Association Educational Foundation Washington, DC PURPOSE: ProStart Program | $32,737 |
National Restaurant Association Washington, DC PURPOSE: Sponsorship | $20,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Catholic Health Association Saint Louis, MO | $59,705,210 | $28,008,805 |
Missouri Coalition For Primary Health Care Jefferson City, MO | $12,205,303 | $20,984,673 |
Tennessee Health Care Association Brentwood, TN | $7,648,672 | $3,988,655 |
American Botanical Council Austin, TX | $2,534,997 | $2,936,747 |
Scripted Healthcare System Kansas City, MO | $612,331 | $2,349,683 |
Cmap Express Alexandria, LA | $1,563,268 | $2,739,747 |
Music Health Alliance Inc Nashville, TN | $1,910,902 | $1,346,953 |
Mississippi Healthcare Alliance Inc Jackson, MS | $493,055 | $757,401 |
Coalition For Better Health Nashville, TN | $915,003 | $299,572 |
Arkansas Hospitality Association Inc Little Rock, AR | $751,310 | $688,427 |
Center For Safe Internet Pharmacies Ltd Austin, TX | $30,794 | $425,000 |
North American Registry Of Midwives Inc Summertown, TN | $874,716 | $606,342 |