Texas Restaurant Association Education Foundation Inc
- Assets
- $1.9m
- Revenue
- $2.0m
- Investments
- $0.0
- Employees
- 0
- Location
- Austin, TX
- Founding
- 12/2019
- Data as of
- 12/2021
- EIN
- 74-2732907
Organization Overview
Texas Restaurant Association Education Foundation Inc, operating under the name Texas Restaurant Foundation, is located in Austin, TX. The organization was established in 2019. According to its NTEE Classification (B99) the organization is classified as: Education N.E.C., 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. Texas Restaurant 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, Texas Restaurant Foundation generated $2.0m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 13.7% each year . All expenses for the organization totaled $1.5m during the year ending 12/2021. While expenses have increased by 10.5% per year over the past 7 years. They've been increasing with an increasing level of total revenue. 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
TO PROVIDE EDUCATIONAL OPPORTUNITIES FOR RESTAURANT CAREERS IN TEXAS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
STUDENT EDUCATIONAL PROGRAMS: DEVELOPED FSPREP, A CULINARY CURRICULUM FOR SECONDARY SCHOOLS, CURRENTLY USED BY 264 SCHOOLS IN TEXAS. PROMOTE AND SUPPORT NATIONAL RESTAURANT ASSOCIATION PROSTART EDUCATION PROGRAMS; SUPPORT AND PROVIDE FORUM FOR STATEWIDE CULINARY COMPETITIONS LEADING TO A NATIONAL PROSTART COMPETITION.
TEACHER/TRAINER EDUCATIONAL PROGRAMS: TRF PRODUCES AN ANNUAL CULINARY EDUCATORS TRAINING CONFERENCE WITH 67 ATTENDING. AN FS-PREP TEACHER TRAINING IS HELD ANNUALLY. APPROXIMATELY 43 TEACHERS ARE CERTIFIED IN FOOD SAFETY AT THE ANNUALY FAMILY & CONSUMER SCIENCE CONFERENCE. TRF ALSO SUPPORTS AN EXTERNSHIP PROGRAM DURING THE SUMMER PROVIDING HANDS-ON EXPERIENCE IN A RESTAURANT ENVIRONMENT FOR THE CULINARY EDUCATORS.
TEXAS RESTAUTANT RELIEF FUND: TRF ADMINISTERS THE TEXAS RESAURANT RELIEF FUND TO PROVIDE IMMEDIATE FINANCIAL RELIEF TO TEXAS INDEPENDENT RESTAURATEURS WITH FUNDS DESIGNED TO SAVE EMPLOYEE JOBS.
TEACHER/TRAINER EDUCATIONAL PROGRAMS: TRF PRODUCES AN ANNUAL CULINARY EDUCATORS TRAINING CONFERENCE WITH 67 ATTENDING. AN FSPREP TEACHER TRAINING IS HELD ANNUALLY. APPROXIMATELY 43 TEACHERS ARE CERTIFIED IN FOOD SAFETY AT THE ANNUAL FAMILY & CONSUMER SCIENCE CONFERENCE AND UPON REQUEST, AT REGIONAL EDUCATION SERVICE CENTERS. TRF ALSO SUPPORTS AN EXTERNSHIP PROGRAM DURING THE SUMMER PROVIDING HANDS-ON EXPERIENCE IN A RESTAURANT ENVIRONMENT FOR THE CULINARY EDUCATORS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Emily Williams Knight President An | OfficerTrustee | 3 | $0 |
Ashley Rosenfeld Vice Chair | OfficerTrustee | 2 | $0 |
Patrick Costello Chair | OfficerTrustee | 2 | $0 |
Russell Woodward Treasurer | OfficerTrustee | 2 | $0 |
Joe Monastero COO | Officer | 10 | $0 |
Sharon Van Meter Past Chair | Trustee | 2 | $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 | $1,965,940 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,965,940 |
| Total Program Service Revenue | $1,202 |
| Investment income | $32,619 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| 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 | $1,999,761 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $968,199 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $61,250 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $8,628 |
| Payroll taxes | $5,312 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $25 |
| Advertising and promotion | $119,076 |
| Office expenses | $822 |
| Information technology | $14,032 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $1,526,917 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $519,674 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $527,584 |
| Accounts receivable, net | $5,363 |
| 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 | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $324,581 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $572,322 |
| Total assets | $1,949,524 |
| Accounts payable and accrued expenses | $2,950 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| 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 | $22,806 |
| Total liabilities | $25,756 |
| Net assets without donor restrictions | $1,923,768 |
| 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 | $1,949,524 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Texas Restaurant Association Education Foundation Inc has recieved totaling $80,194.
| Awarding Organization | Amount |
|---|---|
The National Restaurant Association Educational Foundation Washington, DC PURPOSE: ProStart Program | $79,617 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $577 |
Endowment Analysis
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