New England Inns And Resorts Association Educational Foundation
- Assets
- $122.5k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Stratham, NH
- Founding
- Data as of
- 12/2022
- EIN
- 87-1226827
Organization Overview
New England Inns And Resorts Association Educational Foundation is located in Stratham, NH. 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. New England Inns And Resorts Association Educational 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 12/2022, New England Inns And Resorts Association Educational Foundation generated $68.3k in total revenue. This organization has experienced exceptional growth, as over the past 2 years, it has increased revenue by an average of 54.1% each year . All expenses for the organization totaled $12.7k during the year ending 12/2022. While expenses have increased by 20.8% per year over the past 2 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
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2022
Describe the Organization's Program Activity:
Part 3
TO ENCOURAGE AND SUPPORT INTEREST, TRAINING, AND EDUCATION IN THE HOSPITALITY SERVICES INDUSTRY BY MAKING GRANTS TO TAX-EXEMPT ORGANIZATIONS SO THAT SUCH ORGANIZATIONS MAY PROVIDE EDUCATIONAL PROGRAMS TO THOSE INTERESTED OR TRAINING IN THE HOSPITALITY SERVICES INDUSTRY OR TO PROVIDE FINANCIAL ASSISTANCE IN THE FORM OF SCHOLARSHIPS TO STUDENTS ACCEPTED AT TAX-EXEMPT INSTITUTE OF HIGHER EDUCATION AND ENROLLED IN A HOSPITALITY, TOURISM, OR SIMILAR PROGRAM. EACH SCHOLARSHIP WILL HAVE ITS OWN CRITERIA FOR APPLYING AND AWARDING OF FUNDS.
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Sarah Morris Immed Past P | 1 | $0 | |
Jeff Mciver President | 1 | $0 | |
Trevor Sullivan Treasurer | 1 | $0 | |
Israel Benyair Director | 1 | $0 | |
Lou Carrier Director | 1 | $0 | |
Marie Charles Director | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $40,330 |
| Total Program Service Revenue | $0 |
| Membership dues | $0 |
| Investment income | $3,289 |
| Gain or Loss | -$203 |
| Net Income from Gaming & Fundraising | $24,814 |
| Other Revenue | $32 |
| Total Revenue | $68,262 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $0 |
| Professional fees and other payments to independent contractors | $495 |
| Occupancy, rent, utilities, and maintenance | $0 |
| Printing, publications, postage, and shipping | $0 |
| Other expenses | $194 |
| Total expenses | $12,689 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $24,413 |
| Other assets | $0 |
| Total assets | $122,496 |
| Total liabilities | $0 |
| Net assets or fund balances | $122,496 |