International Association Of Hospitality Accountants
- Assets
- $8.0m
- Revenue
- $7.0m
- Investments
- $0.0
- Employees
- 21
- Location
- Austin, TX
- Founding
- 10/1998
- Data as of
- 10/2023
- EIN
- 74-2761039
Organization Overview
International Association Of Hospitality Accountants, operating under the name Hospitality Financial & Technology Professionals, is located in Austin, TX. The organization was established in 1998. According to its NTEE Classification (E22) the organization is classified as: General Hospitals, under the broad grouping of Health Care and related organizations. As of 10/2023, Hospitality Financial & Technology Professionals employed 21 individuals. This organization is a parent organization of an affiliated group for tax-exemption purposes. Hospitality Financial & Technology Professionals 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 10/2023, Hospitality Financial & Technology Professionals generated $7.0m in total revenue. The organization has seen a slow decline revenue. Over the past 8 years, revenues have fallen by an average of (0.2%) each year. All expenses for the organization totaled $6.4m during the year ending 10/2023. As we would expect to see with falling revenues, expenses have declined by (1.5%) per year over the past 8 years. 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
PROVIDE EDUCATION, CERTIFICATION AND RESOURCES TO HOSPITALITY FINANCE AND TECHNOLOGY PROFESSIONALS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
ORGANIZATION OF TECHNOLOGY CONFERENCE.
ORGANIZATION OF ANNUAL CONVENTION.
DISTRIBUTION OF DIGITAL MEDIA.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Stephanie Anderson Vice President | OfficerTrustee | 1 | $0 |
Jim Bina Secretary | OfficerTrustee | 1 | $0 |
Kelly Brennan Director | Trustee | 1 | $0 |
Arthur Burger Director | Trustee | 1 | $0 |
Andrew Buwalda Director, Ex Officio | Trustee | 1 | $0 |
Neil Foster President | OfficerTrustee | 1 | $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 | $6,807,442 |
| Investment income | $121,537 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $2,042 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $6,950,624 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $45,000 |
| 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. | $834,740 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,389,983 |
| Pension plan accruals and contributions | $125,824 |
| Other employee benefits | $196,270 |
| Payroll taxes | $147,587 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $42,200 |
| Fees for services: Accounting | $35,136 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $229,897 |
| Advertising and promotion | $360,539 |
| Office expenses | $20,860 |
| Information technology | $287,887 |
| Royalties | $0 |
| Occupancy | $44,925 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $1,707,043 |
| Interest | $466 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $75,152 |
| Insurance | $15,706 |
| All other expenses | $258,219 |
| Total functional expenses | $6,420,995 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,295,000 |
| Savings and temporary cash investments | $1,274,052 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $165,478 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $2,070 |
| Prepaid expenses and deferred charges | $358,921 |
| Net Land, buildings, and equipment | $123,399 |
| Investments—publicly traded securities | $3,700,762 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $700,000 |
| Other assets | $351,842 |
| Total assets | $7,971,524 |
| Accounts payable and accrued expenses | $779,708 |
| Grants payable | $0 |
| Deferred revenue | $380,818 |
| 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 | $1,039,910 |
| Total liabilities | $2,200,436 |
| Net assets without donor restrictions | $5,771,088 |
| 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 | $7,971,524 |
Grants Awarded
Over the last fiscal year, International Association Of Hospitality Accountants has awarded $30,000 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
HOSPITALITY FINANCIAL AND TECHNOLOGY PROFESSIONALS FOUNDATION PURPOSE: TRANSFER OF CASH TO RELATED FOUNDATION FOR EXPENSES | $20,000 |
AMERICAN RED CROSS PURPOSE: HURRICANE IAN RELIEF | $10,000 |