Form 990 for tax year 2023

Revenue

Part VIII, the statement of revenue.

• 1c · Fundraising events

  $660,500

• 1f · All other contributions, gifts and grants

  $4,312,154

• 2a · Program service revenue: Membership Dues

  total $4,272,759 · related or exempt $4,272,759

• 2b · Program service revenue: Conference and Seminars

  total $219,901 · related or exempt $219,901

• 3 · Investment income

  total $4,431,660 · unrelated business $4,333,774 · excluded $97,886

• 5 · Royalties

  total $6,496,675 · unrelated business $1,429,367 · excluded $5,067,308

• 6a · Gross rents

  real property $578,826

• 6b · Less rental expenses

  real property $261,602

• 6c · Rental income or loss

  real property $317,224

• 6d · Net rental income or loss

  total $317,224 · unrelated business $55,805 · excluded $261,419

• 7a · Gross sales of assets other than inventory

  securities $94,027,322

• 7b · Less cost or other basis and sales expenses

  securities $88,548,542

• 7c · Gain or loss

  securities $5,478,780

• 7d · Net gain or loss

  total $5,478,780 · excluded $5,478,780

• 8a · Fundraising events: gross income

  $531,045

• 8a · Fundraising events: contributions included on line 1c

  $660,500

• 8b · Fundraising events: direct expenses

  $356,335

• 8c · Net income from fundraising events

  total $174,710 · excluded $174,710

• 10a · Gross sales of inventory

  $93,549,891

• 10b · Cost of goods sold

  $7,328,526

• 10c · Net income from sales of inventory

  total $86,221,365 · related or exempt $86,221,365

Functional expenses

Part IX, the statement of functional expenses.

• 1 · Grants to domestic organizations and governments

  total $2,406,752

• 5 · Compensation of officers, directors and key employees

  total $12,627,546

• 7 · Other salaries and wages

  total $23,112,338

• 8 · Pension plan contributions

  total $1,982,040

• 9 · Other employee benefits

  total $11,353,741

• 10 · Payroll taxes

  total $3,186,702

• 11b · Fees: legal

  total $871,922

• 11c · Fees: accounting

  total $189,195

• 11d · Fees: lobbying

  total $1,525,352

• 11f · Fees: investment management

  total $263,447

• 11g · Fees: other

  total $6,672,774

• 12 · Advertising and promotion

  total $1,461,185

• 13 · Office expenses

  total $8,854,317

• 14 · Information technology

  total $4,269,273

• 15 · Royalties

  total $6,496,956

• 16 · Occupancy

  total $3,699,332

• 17 · Travel

  total $1,796,319

• 19 · Conferences, conventions and meetings

  total $3,918,852

• 20 · Interest

  total $89,297

• 22 · Depreciation, depletion and amortization

  total $3,569,064

• 23 · Insurance

  total $321,841

• 24a · Other expenses: State Rest. Assn. Pmts.

  total $14,610,988

• 24b · Other expenses: Taxes

  total $2,559,556

• 24c · Other expenses: Bad Debts

  total $882,793

Balance sheet

Part X, book values.

• 1 · Cash, non-interest-bearing

  beginning of year $40,552,463 · end of year $24,887,533

• 4 · Accounts receivable

  beginning of year $9,681,748 · end of year $10,806,621

• 8 · Inventories for sale or use

  beginning of year $1,017,719 · end of year $1,393,134

• 9 · Prepaid expenses and deferred charges

  beginning of year $2,058,831 · end of year $1,842,876

• 10a · Land, buildings and equipment: cost or other basis

  $90,088,154

• 10b · Land, buildings and equipment: accumulated depreciation

  $39,333,548

• 10c · Land, buildings and equipment, net

  beginning of year $51,508,924 · end of year $50,754,606

• 11 · Investments: publicly traded securities

  beginning of year $97,268,310 · end of year $105,598,673

• 14 · Intangible assets

  beginning of year $1,843,572 · end of year $4,322,359

• 15 · Other assets

  beginning of year $4,810,575 · end of year $7,329,299

• 17 · Accounts payable and accrued expenses

  beginning of year $36,111,997 · end of year $35,307,002

• 19 · Deferred revenue

  beginning of year $13,225,702 · end of year $13,721,173

• 23 · Secured mortgages and notes payable

  beginning of year $3,907,607 · end of year $1,662,981

• 27 · Net assets without donor restrictions

  beginning of year $151,567,518 · end of year $147,851,898

• 28 · Net assets with donor restrictions

  beginning of year $3,929,318 · end of year $8,392,047

The filer's explanations (Part III)

Part I, Line 1a

The CEO is authorized to maintain a membership in a Washington business club for their duties for the Association. The Association shall pay for first or business class accommodations for the CEO if such accommodations are in the best interest of the Association. The Association designates those meetings that are deemed necessary from a business standpoint for the CEO's spouse to attend. The Association grosses up the premium payment of the CEO's Long Term Disability policy.

Disregarded entities

Part I: entities that legally are the filer and file no return of their own.

• National Restaurant Association Solutions LLC

  Creation, Production and sale of training materials · IL · income $81,113,565 · assets $58,573,607

  Directly controlled by NRA

• National Registry of Food Safety Professionals Inc

  Educate the food safety profession · FL · income $4,206,648 · assets $4,094,068

  Directly controlled by NRA

• NRAS Restaurant Owner LLC

  Provides learning resources for independent operators · IL · income $1,021,513 · assets $3,087,433

  Directly controlled by NRA

• National Restaurant Association Winsight Investment LLC

  Single Member LLC Holding Company · DE · income $0 · assets $0

  Directly controlled by NRA

Related partnerships

Part III: related organizations taxable as a partnership, with the filer's share.

• Pebbles Holdco LLC

  Related · Investments · DC · share of income $23,218,524

  Directly controlled by National Restaurant Association Winsight Investment LLC

Related corporations and trusts

Part IV: related organizations taxable as a corporation or trust.

• National Restaurant Association Services LLC

  C · Marketing services · IL · 100% owned · share of income $92,595 · share of assets $15,617 · controlled entity

  Directly controlled by NRA

• NRAS India Private Limited

  C · Marketing services · IN · 100% owned · share of assets $138,847 · controlled entity

  Directly controlled by NRA