Lawrence Restaurant Association
- Assets
- $14.5k
- Revenue
- $18.2k
- Investments
- $0.0
- Employees
- 0
- Location
- Lawrence, KS
- Founding
- Data as of
- 12/2022
- EIN
- 85-0521042
Organization Overview
Lawrence Restaurant Association is located in Lawrence, KS. Lawrence Restaurant Association 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 12/2022, Lawrence Restaurant Association generated $18.2k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 2 years, the organization has seen revenues fall by an average of (30.8%) each year. All expenses for the organization totaled $22.6k during the year ending 12/2022. As we would expect to see with falling revenues, expenses have declined by (62.3%) per year over the past 2 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
THE LAWRENCE RESTAURANT ASSOCIATION (LRA) IS AN ASSEMBLY OF COMMERCIAL RESTAURANT OWNERS, EXECUTIVE CHEFS AND HOSPITALITY INDUSTRY PROFESSIONALS WHO WORK TOGETHER FOR THE BENEFIT OF LAWRENCE, KS AND DOUGLAS COUNTY, KS. LRA AIMS TO SUPPORT HOSPITALITY INDUSTRY WORKERS, OUR COMMUNITY, ECONOMY AND ENVIRONMENT WITHIN DOUGLAS COUNTY, KS THROUGH FUNDS, GRANTS AND COMMUNITY SUPPORT PROGRAMS. LRA WAS FOUNDED IN 2017 WITH PRINCIPAL FUNDRAISING ACTIVITIES BEGINNING IN 2020. THE HOSPITALITY WORKERS RELIEF FUND (RELIEF FUND) WAS ESTABLISHED BY LRA IN 2020 TO PROVIDE DIRECT AID TO UNEMPLOYED AND UNDEREMPLOYED SERVICE INDUSTRY WORKERS AS A RESULT OF THE COVID-19 PANDEMIC. LRA INTENDS TO MAINTAIN THE RELIEF FUND BEYOND THE RESOLUTION OF THE PANDEMIC TO PROVIDE EMERGENCY AID TO HOSPITALITY WORKERS EXPERIENCING UNFORESEEN FINANCIAL HARDSHIPS IN ADDITION TO OTHER COMMUNITY SUPPORT CAUSES SUCH AS HUNGER RELIEF, FOOD WASTE REDUCTION AND FUTURE PROGRAMS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
COVID19 RELATED FUNDS/DONATIONS AND SUPPLIES DISTRIBUTED TO LAWRENCE AREA RESTAURANTS
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Codi Bates Vice Chair & | Officer | $0 | |
Mary Holt Member | Officer | $0 | |
Mike Logan Member | Officer | $0 | |
Laura Klein Secretary | Officer | $0 | |
Chuck Magerl Member | Officer | $0 | |
Kristin Meisel Treasurer | Officer | $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 | $18,224 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $18,224 |
| Total Program Service Revenue | $0 |
| Investment income | $0 |
| 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 | $18,224 |
| 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 | $0 |
| Fees for services: Legal | $10,033 |
| Fees for services: Accounting | $2,240 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $5,176 |
| Office expenses | $1,159 |
| Information technology | $0 |
| 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 | $4,000 |
| Total functional expenses | $22,608 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $14,538 |
| Savings and temporary cash investments | $0 |
| 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 | $14,538 |
| 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 | $3,860 |
| Total liabilities | $3,860 |
| Net assets without donor restrictions | $10,678 |
| 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 | $14,538 |
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