Louisiana Restaurant Association Inc
- Assets
- $9.2m
- Revenue
- $3.0m
- Investments
- $0.0
- Employees
- 26
- Location
- Metairie, LA
- Founding
- 11/1990
- Data as of
- 12/2023
- EIN
- 72-0362855
Organization Overview
Louisiana Restaurant Association Inc is located in Metairie, LA. The organization was established in 1990. According to its NTEE Classification (B01) the organization is classified as: Alliances & Advocacy, under the broad grouping of Education and related organizations. As of 12/2023, Louisiana Restaurant Association Inc employed 26 individuals. This organization is a parent organization of an affiliated group for tax-exemption purposes. Louisiana Restaurant 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 12/2023, Louisiana Restaurant Association Inc generated $3.0m in total revenue. The organization has seen a slow decline revenue. Over the past 9 years, revenues have fallen by an average of (0.5%) each year. All expenses for the organization totaled $3.1m during the year ending 12/2023. 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
HOSPITALITY INDUSTRY TRADE ASSOCIATION
Describe the Organization's Program Activity:
Part 3 - Line 4a
TRADE SHOWS AND MEETINGS CONDUCTED IN CONNECTION THEREWITH: THE SHOW UNITES MEMBERS WITH SUPPLIERS AND FUNCTIONS TO UPDATE AND EDUCATE THE INDUSTRY AS A WHOLE
COMMUNICATIONS AND ADVOCACY ON BEHALF OF THE HOSPITALITY INDUSTRY
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Matt Massey Director | Trustee | 0.5 | $0 |
Mickey Freiberg Director | Trustee | 0.5 | $0 |
Michael Boudreaux Immediate Past Chair | Trustee | 0.5 | $0 |
Peter Sclafani Director | Trustee | 0.5 | $0 |
Michael Carmouche Director | Trustee | 0.5 | $0 |
Randy Barrios Director | Trustee | 0.5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $1,205,523 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $42,000 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,247,523 |
| Total Program Service Revenue | $820,106 |
| Investment income | $198,536 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $517,395 |
| Net Rental Income | $193,568 |
| Net Gain/Loss on Asset Sales | -$11,895 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $3,004,497 |
| 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. | $608,725 |
| Compensation of current officers, directors, key employees. | $243,490 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $394,966 |
| Pension plan accruals and contributions | $39,807 |
| Other employee benefits | $121,291 |
| Payroll taxes | $85,647 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $32,607 |
| Fees for services: Accounting | $21,000 |
| Fees for services: Lobbying | $306,883 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $3,119 |
| Fees for services: Other | $2,440 |
| Advertising and promotion | $41,226 |
| Office expenses | $52,837 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $41,058 |
| Travel | $92,642 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $58,587 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $173,690 |
| Insurance | $118,689 |
| All other expenses | $139,777 |
| Total functional expenses | $3,106,191 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,032,790 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $28,605 |
| 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 | $137,389 |
| Net Land, buildings, and equipment | $2,865,110 |
| Investments—publicly traded securities | $405,493 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $4,765,382 |
| Total assets | $9,234,769 |
| Accounts payable and accrued expenses | $291,756 |
| Grants payable | $0 |
| Deferred revenue | $51,088 |
| 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 | $123,818 |
| Total liabilities | $466,662 |
| Net assets without donor restrictions | $8,768,107 |
| 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 | $9,234,769 |