Texas Hotel & Lodging Assocition
- Assets
- $3.6m
- Revenue
- $2.2m
- Investments
- $200.0
- Employees
- 15
- Location
- Austin, TX
- Founding
- 07/1939
- Data as of
- 12/2020
- EIN
- 74-0940600
Organization Overview
Texas Hotel & Lodging Assocition is located in Austin, TX. The organization was established in 1939. According to its NTEE Classification (S41) the organization is classified as: Chambers of Commerce & Business Leagues, under the broad grouping of Community Improvement & Capacity Building and related organizations. As of 12/2020, Texas Hotel & Lodging Assocition employed 15 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Texas Hotel & Lodging Assocition 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 12/2020, Texas Hotel & Lodging Assocition generated $2.2m in total revenue. The organization has seen a slow decline revenue. Over the past 6 years, revenues have fallen by an average of (0.4%) each year. All expenses for the organization totaled $2.0m during the year ending 12/2020. 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
2020
Describe the Organization's Mission:
Part 3 - Line 1
TO PROMOTE THE INTERESTS OF THE HOTEL AND MOTEL INDUSTRY AND TO PROVIDE GOVERNMENT RELATIONS, SUPPORT AND INFORMATION RESOURCES TO THE INDUSTRY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROMOTION AND DISSEMINATION OF HOTEL & MOTEL KNOWLEDGE, RECRUITMENT AND RETENTION OF MEMBERS
EFFORTS TO SECURE PASSAGE OF LEGISLATION BENEFICIAL TO THE HOTEL AND MOTEL INDUSTRY
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Scott Joslove President & CEO | Officer | 40 | $443,433 |
Justin Bragiel General Counsel | Officer | 40 | $163,523 |
T Jay Adams Controller | Officer | 40 | $134,887 |
Carolyn Mccall-Squires Dir. Of Membership | 40 | $110,092 | |
Robin Clinker Dir. Of Marketing | 40 | $101,959 | |
Matthew Newton Immediate Past Chair | OfficerTrustee | 5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| 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 | $0 |
| Total Program Service Revenue | $1,963,604 |
| Investment income | $84,125 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $14,220 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $2,187,119 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $32,538 |
| 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. | $871,907 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $547,129 |
| Pension plan accruals and contributions | $23,939 |
| Other employee benefits | $32,021 |
| Payroll taxes | $87,852 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $4,750 |
| Fees for services: Lobbying | $54,308 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $2,074 |
| Advertising and promotion | $24,958 |
| Office expenses | $50,099 |
| Information technology | $40,588 |
| Royalties | $0 |
| Occupancy | $42,557 |
| Travel | $16,295 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $3,474 |
| Interest | $0 |
| Payments to affiliates | $25,000 |
| Depreciation, depletion, and amortization | $43,474 |
| Insurance | $8,114 |
| All other expenses | $0 |
| Total functional expenses | $2,035,598 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $131,453 |
| Savings and temporary cash investments | $2,258 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $7,457 |
| Loans from Officers, Directors, or Controlling Persons | $13,340 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $3,435 |
| Prepaid expenses and deferred charges | $15,089 |
| Net Land, buildings, and equipment | $530,749 |
| Investments—publicly traded securities | $2,733,018 |
| Investments—other securities | $200 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $154,163 |
| Total assets | $3,591,162 |
| Accounts payable and accrued expenses | $36,973 |
| Grants payable | $0 |
| Deferred revenue | $68,130 |
| 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 | $155,663 |
| Total liabilities | $260,766 |
| Net assets without donor restrictions | $2,892,991 |
| Net assets with donor restrictions | $437,405 |
| 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 | $3,591,162 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Texas Hotel & Lodging Assocition has recieved totaling $10,000.
| Awarding Organization | Amount |
|---|---|
Asian American Hotel Owners Association Atlanta, GA PURPOSE: SPONSORSHIP | $10,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Wi-Fi Alliance Austin, TX | $27,634,772 | $19,782,142 |
Greater Houston Partnership Inc Houston, TX | $22,962,720 | $19,728,312 |
Bbb Serving The Heart Of Texas Austin, TX | $13,203,011 | $18,551,696 |
Visit San Antonio San Antonio, TX | $11,429,570 | $19,048,365 |
Clean Gulf Associates Inc New Orleans, LA | $10,070,698 | $12,457,251 |
Meeting Professionals International Dallas, TX | $6,166,822 | $11,031,821 |
Dallas Regional Chamber Dallas, TX | $15,269,996 | $9,505,789 |
Brazos Pilots Association Freeport, TX | $5,263,034 | $10,473,577 |
American Agape Foundation Inc San Antonio, TX | $56,717,465 | $7,832,495 |
Salesmanship Club Of Dallas Dallas, TX | $14,081,869 | $8,485,267 |
United Brotherhood Of Carpenters And Joiners Of America Metairie, LA | $27,400,853 | $8,587,017 |
Texas Oil And Gas Association Inc Austin, TX | $10,912,231 | $6,947,737 |