Nevada Hospitality Foundation
- Assets
- $15.1k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Las Vegas, NV
- Founding
- 08/2001
- Data as of
- 12/2023
- EIN
- 88-0474005
Organization Overview
Nevada Hospitality Foundation is located in Las Vegas, NV. The organization was established in 2001. 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. Nevada Hospitality 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 12/2023, Nevada Hospitality Foundation generated $38.5k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 3 years, the organization has seen revenues fall by an average of (19.9%) each year. All expenses for the organization totaled $60.6k during the year ending 12/2023. As we would expect to see with falling revenues, expenses have declined by (11.8%) per year over the past 3 years. 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
2023
Describe the Organization's Program Activity:
Part 3
THE PROSTART PROGRAM IS A TWO YEAR HIGH SCHOOL CULINARY TRAINING COURSE, TAKEN AS AN ELECTIVE CLASS. THE PROGRAM IS THREE HUNDRED FIFTY HOURS OF INSTRUCTION AND FOUR HUNDRED HOURS OF AN INDUSTRY WORK EXPERIENCE. AFTER PASSING THE EXAMS FOR YEAR ONE, YEAR TWO, AND COMPLETING THE COMPETENCIES, STUDENTS RECEIVE A CERTIFICATE FROM THE NATIONAL RESTAURANT ASSOCIATION AND AN OPPORTUNITY FOR SCHOLARSHIPS. THE NEVADA HOSPITALITY FOUNDATION IMPLEMENTS THE PROGRAM STATEWIDE IN PARTNERSHIP WITH THE NEVADA RESTAURANT ASSOCIATION. STUDENTS LEARN TOPICS SUCH AS FOOD SAFETY, KNIFE CUTS, BASIC COOKING TECHNIQUES, BAKING, MENU DESIGN, BASIC ACCOUNTING, COSTING, AND RESTAURANT MANAGEMENT. ON BEHALF OF THE NEVADA RESTAURANT ASSOCIATION, WE WANT TO EXPRESS OUR CONCERN FOR THE SITUATION FACED BY SO MANY IN OUR RESTAURANT COMMUNITY. WE ARE PROUD TO REPORT THAT THE NEVADA RESTAURANT RELIEF FUND HAS RAISED OVER TWENTY THOUSAND IN GRANTS TO ASSIST RESTAURANT WORKERS WHO HAVE SUFFERED FINANCIALLY DUE TO THE COVID19 HEALTH AND ECONOMIC CRISIS. TOGETHER, WE ARE DEMONSTRATING HOW CRUCIAL RESTAURANT WORKERS ARE TO OUR INDUSTRY AND THE COMMUNITIES WHERE WE WORK AND LIVE.
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Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $38,487 |
| Total Program Service Revenue | $0 |
| Membership dues | $0 |
| Investment income | $0 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $38,487 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $24,400 |
| Professional fees and other payments to independent contractors | $29,292 |
| Occupancy, rent, utilities, and maintenance | $0 |
| Printing, publications, postage, and shipping | $10 |
| Other expenses | $2,850 |
| Total expenses | $60,552 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $15,059 |
| Other assets | $0 |
| Total assets | $15,059 |
| Total liabilities | $0 |
| Net assets or fund balances | $15,059 |