Colorado Restaurant Association Education Fund

Organization Overview

Colorado Restaurant Association Education Fund, operating under the name Colorado Restaurant Association Education Foundation, is located in Denver, CO. The organization was established in 1988. According to its NTEE Classification (B82) the organization is classified as: Scholarships & Student Financial Aid, under the broad grouping of Education and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Colorado Restaurant Association Education Foundation is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.

For the year ending 12/2021, Colorado Restaurant Association Education Foundation generated $2.5m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 30.6% each year . All expenses for the organization totaled $4.3m during the year ending 12/2021. You can explore the organizations financials more deeply in the financial statements section below.

Since 2017, Colorado Restaurant Association Education Foundation has awarded 196 individual grants totaling $1,518,923. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2021

Describe the Organization's Mission:

Part 3 - Line 1

THE COLORADO RESTAURANT FOUNDATION IS DEDICATED TO ENHANCING THE INDUSTRY'S TRAINING AND EDUCATION, CAREER DEVELOPMENT AND THE OVERALL WELL-BEING OF THE INDUSTRY AND ITS WORKFORCE.

Describe the Organization's Program Activity:

Part 3 - Line 4a

ASSISTANCE: THE ASSISTANCE PROGRAM PROVIDES DISASTER RELIEF GRANTS TO INDIVIDUALS IN THE FOODSEVICE INDUSTRY. IN 2020, AS A RESULT OF THE CORONAVIRUS PANDEMIC, THE ORGANIZATION RECEIVED AN UNUSUAL AND OVERWHELMING LEVEL OF MONETARY CONTRIBUTIONS FROM BUSINESSES AND INDIVIDUALS WHICH FUNDED THE ASSISTANCE PROGRAM. THIS FUNDING RESULTED IN AN UNPRECEDENTED LEVEL OF MONETARY ASSISTANCE BEING AVAILABLE FOR THE ORGANIZATION AND THUS EXPANDED THE PROGRAM TO ASSIST BUSINESSES AS WELL AS INDIVIDUALS IN THE INDUSTRY IN NEED OF SUPPORT TO RECOVER FROM THE DEVASTATING ECONOMIC EFFECTS OF THE PANDEMIC. THE ORGANIZATION HAD SEVERAL ASSISTANCE PROGRAMS WHERE FUNDS WERE RECEIVED IN 2020 AND THE GRANTING PROCESS CARRIED INTO 2021. IN ADDITION TO CONTINUING THOSE PROGRAMS, IN 2021 NEW PROGRAMS WERE FUNDED BY LOCAL GOVERNMENTS TO ASSIST WORKERS AND BUSINESSES TO REBUILD AND OPERATE WITH CONTINUED RESTRICTIONS IN THE EARLY MONTHS OF 2021 AND RECOVER ECONOMICALLY AND OPERATIONALLY AS THE EFFECTS OF THE PANDEMIC SLOWED BUT VARIANTS AROSE.


PROSTART: PROSTART IS A HIGH SCHOOL PRE-APPRENTICESHIP PROGRAM THAT PROVIDES COLLEGE CONCURRENT CREDIT, INDUSTRY WORK EXPERIENCE OPPORTUNITIES, AND SCHOLARSHIPS TO PURSUE POST-SECONDARY EDUCATION.


SEMINARS PROVIDE TRAINING AND CERTIFICATION IN FOOD AND ALCOHOL SAFETY. THE EVENTS PROGRAM HELPS RAISE FUND TO ADMINISTER THE FOUNDATION PROGRAMS.


SCHOLARSHIPS:THE SCHOLARSHIP PROGRAM PROVIDES SCHOLARSHIPS TO COLORADO PROSTART GRADUATES AND POST-SECONDARY UNDERGRADUATES THAT ARE PURSUING A COLLEGE EDUCATION IN THE FOODSERVICE AND HOSPITALITY INDUSTRIES.


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Board, Officers & Key Employees

Name (title)Compensation
Laura Shunk
President
$96,932
Sonia Riggs
Executive Director
$36,135
Devany Mcneil
Vp-Strategic Partnerships
$10,443
Scott Engelman
Chairman Thru 10/21
$0
Melissa Brooks
Secretary
$0
Beth Gruitch
Chairman
$0

Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$0
Fundraising events$1,394
Related organizations$0
Government grants $1,781,535
All other contributions, gifts, grants, and similar amounts not included above$494,920
Noncash contributions included in lines 1a–1f $0
Total Revenue from Contributions, Gifts, Grants & Similar$2,277,849
Total Program Service Revenue$44,256
Investment income $25,650
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $0
Net Gain/Loss on Asset Sales $82,527
Net Income from Fundraising Events $22,193
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $2,452,590

Grants Awarded

Over the last fiscal year, Colorado Restaurant Association Education Fund has awarded $1,240,391 in support to 149 organizations.

Grant RecipientAmount

BISTRO VENDOME

PURPOSE: DISASTER ASSISTANCE/SUPPORT

$17,021

WEST OF SURRENDER

PURPOSE: DISASTER ASSISTANCE/SUPPORT

$14,507

ASPEN HIGH SCHOOL

PURPOSE: LEARNING EQUPMENT

$12,786

MILE HIGH HAMBURGER MARY'S

PURPOSE: DISASTER ASSISTANCE/SUPPORT

$12,583

DUNBAR KITCHEN & TAP HOUSE LLC

PURPOSE: DISASTER ASSISTANCE/SUPPORT

$10,500

BLANCHARD FAMILY WINES

PURPOSE: DISASTER ASSISTANCE/SUPPORT

$10,000
View Grant Profile

Grants Recieved

Over the last fiscal year, we have identified 9 grants that Colorado Restaurant Association Education Fund has recieved totaling $338,396.

Awarding OrganizationAmount
Xcel Energy Foundation

Minneapolis, MN

PURPOSE: DISCRETIONARY GRANTS

$150,000
The National Restaurant Association Educational Foundation

Washington, DC

PURPOSE: Apprenticeship Program

$121,930
The National Restaurant Association Educational Foundation

Washington, DC

PURPOSE: ProStart Program

$43,155
Westfield Insurance Foundation

Westfield Center, OH

PURPOSE: DISASTER RECOVERY

$8,000
Schwab Charitable Fund

San Francisco, CA

PURPOSE: EDUCATION

$7,500
Amg Charitable Gift Foundation

Greenwood Village, CO

PURPOSE: EDUCATION

$7,500
View Grant Recipient Profile

Endowment Analysis

Beg. Balance$945,486
Earnings$111,883
Ending Balance$1,057,369

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