Wyoming Lodging And Restaurant Association
- Assets
- $132.0k
- Revenue
- $202.1k
- Investments
- $0.0
- Employees
- 0
- Location
- Cheyenne, WY
- Founding
- 11/1966
- Data as of
- 12/2021
- EIN
- 83-0204942
Organization Overview
Wyoming Lodging And Restaurant Association is located in Cheyenne, WY. The organization was established in 1966. According to its NTEE Classification (S30) the organization is classified as: Economic Development, under the broad grouping of Community Improvement & Capacity Building and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Wyoming Lodging And Restaurant Association 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 12/2021, Wyoming Lodging And Restaurant Association generated $202.1k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (10.5%) each year. All expenses for the organization totaled $170.6k during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (11.8%) per year over the past 7 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
OUR MISSION IS TO REMAIN COMMITTED TO IMPROVING THE BUSINESS CLIMATE AND PROFIT OF THE LODGING, RESTAURANT, AND TOURISM INDUSTRY. WE HELP OUR MEMBERS DELIVER A QUALITY PRODUCT TO THE CONSUMER THROUGH GOVERNMENT INVOLVEMENT, EDUCATION, AND THE SHARING OF INFORMATION.
Describe the Organization's Program Activity:
Part 3 - Line 4a
ORGANIZED AND HELD AN ANNUAL MEETING AND EXPOSITION FOR INFORMING MEMBERS REGARDING CURRENT INDUSTRY TRENDS AND REGULATIONS.
PUBLISHED AND E-MAILED MONTHLY NEWSLETTERS TO ALL MEMBERS.
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Erik Dombroski Vice President | OfficerTrustee | 1 | $0 |
Tony O'brien President Elect | OfficerTrustee | 2 | $0 |
Renee Penton-Jones President | OfficerTrustee | 2 | $0 |
Tim O'leary Past President | OfficerTrustee | 2 | $0 |
Gail Burkis Past President | OfficerTrustee | 1 | $0 |
Chris Brown Executive Director | Officer | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $127,357 |
| 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 | $127,357 |
| Total Program Service Revenue | $41,987 |
| Investment income | $5 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $7,634 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $25,164 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $202,148 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| 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. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $152,208 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $4,614 |
| Fees for services: Lobbying | $69 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $4,885 |
| 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 | $188 |
| Total functional expenses | $170,565 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $102,472 |
| Savings and temporary cash investments | $29,530 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| 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 | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $132,002 |
| Accounts payable and accrued expenses | $0 |
| 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 | $0 |
| Total liabilities | $0 |
| Net assets without donor restrictions | $132,002 |
| 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 | $132,002 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Metropolitan Entertainment & Omaha, NE | $158,635,208 | $95,451,675 |
Visit Salt Lake Salt Lake City, UT | $7,092,794 | $14,927,768 |
Region 10 League For Economic Assistance & Planning Inc Montrose, CO | $16,331,779 | $8,034,942 |
Omaha Economic Development Corp Omaha, NE | $18,549,776 | $6,962,293 |
Grow South Dakota Sisseton, SD | $70,205,734 | $6,159,440 |
Glacier Country Regional Tourism Commission Inc Missoula, MT | $1,843,193 | $3,815,172 |
Karis Inc Grand Junction, CO | $4,115,604 | $3,050,096 |
Aurora Economic Development Council Inc Aurora, CO | $1,245,291 | $2,876,706 |
Four Bands Community Fund Inc Eagle Butte, SD | $19,022,561 | $5,647,220 |
Lake County Community Development Corporation Ronan, MT | $8,061,823 | $2,376,944 |
Big Sky Economic Development Corporation Billings, MT | $3,059,757 | $1,982,472 |
Western Colorado Business Development Corp Grand Junction, CO | $7,096,798 | $2,689,196 |