Texas Hotel & Lodging Assocition
- Assets
- $3.8m
- Revenue
- $2.7m
- Investments
- $200.0
- Employees
- 14
- Location
- Austin, TX
- Founding
- 07/1939
- Data as of
- 12/2022
- 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 12/2022, Texas Hotel & Lodging Assocition employed 14 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 12/2022, Texas Hotel & Lodging Assocition generated $2.7m in total revenue. The organization has seen a slow decline revenue. Over the past 4 years, revenues have fallen by an average of (0.5%) each year. All expenses for the organization totaled $2.6m during the year ending 12/2022. 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
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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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Mayur Patel Chairman | OfficerTrustee | 5 | $0 |
Elie Khoury 1st Vice President | OfficerTrustee | 5 | $0 |
Kristin Assad Director | Trustee | 5 | $0 |
Gabriel Ayub Director | Trustee | 5 | $0 |
Shailesh Babu Director | Trustee | 5 | $0 |
Ben Baker Director | Trustee | 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 | $67,040 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $67,040 |
| Total Program Service Revenue | $2,325,475 |
| Investment income | $109,674 |
| 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 | $2,652,394 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $106,581 |
| 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. | $1,026,078 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $681,695 |
| Pension plan accruals and contributions | $24,892 |
| Other employee benefits | $52,409 |
| Payroll taxes | $92,581 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $3,100 |
| Fees for services: Lobbying | $99,558 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $18,599 |
| Advertising and promotion | $3,742 |
| Office expenses | $60,078 |
| Information technology | $63,044 |
| Royalties | $0 |
| Occupancy | $41,450 |
| Travel | $59,235 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $42,483 |
| Interest | $0 |
| Payments to affiliates | $26,820 |
| Depreciation, depletion, and amortization | $43,669 |
| Insurance | $8,792 |
| All other expenses | $0 |
| Total functional expenses | $2,606,043 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $170,687 |
| Savings and temporary cash investments | $2,340 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $84,973 |
| Loans from Officers, Directors, or Controlling Persons | $8,323 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $3,435 |
| Prepaid expenses and deferred charges | $29,196 |
| Net Land, buildings, and equipment | $460,871 |
| Investments—publicly traded securities | $2,920,994 |
| Investments—other securities | $200 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $154,163 |
| Total assets | $3,835,182 |
| Accounts payable and accrued expenses | $59,155 |
| Grants payable | $0 |
| Deferred revenue | $56,194 |
| 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 | $271,012 |
| Net assets without donor restrictions | $3,126,765 |
| 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 | $3,835,182 |
Grants Awarded
Over the last fiscal year, Texas Hotel & Lodging Assocition has awarded $83,163 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
BUSINESSES ENDING SLAVERY & TRAFFICKING PURPOSE: GENERAL SUPPORT | $6,500 |
EDUCATIONAL FOUNDATION OF THLA PURPOSE: GENERAL SUPPORT | $76,663 |