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← HOTEL TRADES COUNCIL AND HOTEL INDUSTRY TRAINING FUND

Form 990 for tax year 2022

Filed by HOTEL TRADES COUNCIL AND HOTEL INDUSTRY TRAINING FUND.

Totals

Total revenue
$1,138,481
Total expenses
$939,475
Contributions and grants received
$0
Grants paid
$291,563
Program service revenue
$1,018,546
Investment income
$78,830
Other revenue
$41,105
Total assets, end of year
$4,029,946
Total liabilities, end of year
$421,165
Net assets or fund balances, end of year
$3,608,781
Program services expenses (Part IX)
$748,036
Management and general expenses
$191,439
Fundraising expenses
$0
Program service expenses (Part III)
$748,036

Program services were 79.6% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Line items

Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.

Revenue

Part VIII, the statement of revenue.

  • 2a · Program service revenue: EMPLOYERS' CONTRIBUTIO

    total $817,246 · related or exempt $817,246

  • 2b · Program service revenue: DONATIONS

    total $201,300 · related or exempt $201,300

  • 3 · Investment income

    total $78,830 · excluded $78,830

  • 11a · Other revenue: FORGIVENESS OF PPP LOA

    total $41,105 · related or exempt $41,105

  • 11e · Other revenue, total

    $41,105

Functional expenses

Part IX, the statement of functional expenses.

  • 2 · Grants to domestic individuals

    total $291,563 · program services $291,563

  • 7 · Other salaries and wages

    total $189,434 · program services $136,955 · management and general $52,479

  • 9 · Other employee benefits

    total $54,348 · program services $41,560 · management and general $12,788

  • 10 · Payroll taxes

    total $14,844 · program services $10,789 · management and general $4,055

  • 11b · Fees: legal

    total $76,224 · management and general $76,224

  • 11c · Fees: accounting

    total $16,123 · management and general $16,123

  • 11g · Fees: other

    total $8,020 · management and general $8,020

  • 13 · Office expenses

    total $17,007 · management and general $17,007

  • 16 · Occupancy

    total $65,806 · program services $63,113 · management and general $2,693

  • 22 · Depreciation, depletion and amortization

    total $204,056 · program services $204,056

  • 23 · Insurance

    total $2,050 · management and general $2,050

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $268,160 · end of year $61,445

  • 2 · Savings and temporary cash investments

    beginning of year $383,061 · end of year $161,611

  • 4 · Accounts receivable

    beginning of year $66,222 · end of year $74,324

  • 9 · Prepaid expenses and deferred charges

    beginning of year $7,998 · end of year $10,303

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

    $4,821,108

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

    $4,692,454

  • 10c · Land, buildings and equipment, net

    beginning of year $204,590 · end of year $128,654

  • 11 · Investments: publicly traded securities

    beginning of year $3,500,913 · end of year $3,593,609

  • 17 · Accounts payable and accrued expenses

    beginning of year $27,930 · end of year $26,711

  • 25 · Other liabilities

    beginning of year $457,105 · end of year $394,454

  • 27 · Net assets without donor restrictions

    beginning of year $3,945,909 · end of year $3,608,781

Mission and programs · 2022

Mission

TO PROVIDE INDUSTRY TRAINING AND SCHOLARSHIPS TO UNION MEMBERS AND THEIR DEPENDENTS OF THE NEW YORK HOTEL TRADES COUNCIL WORKING IN THE HOTEL INDUSTRY OF NEW YORK CITY.

Activities or mission (Part I)

TO PROVIDE INDUSTRY TRAINING AND SCHOLARSHIPS TO PARTICIPANTS AND THEIR DEPENDENTS.

  • TO PROVIDE INDUSTRY TRAINING AND SCHOLARSHIPS TO UNION MEMBERS AND THEIR DEPENDENTS OF THE NEW YORK HOTEL TRADES COUNCIL WORKING IN THE HOTEL INDUSTRY OF NEW YORK CITY WHICH IS THE EXEMPT PURPOSE OF THE ORGANIZATION.

    Expenses $748,036 · Grants $291,563 · Revenue $1,059,651

As filed on the 2022 return.

Listed in Part VII

  • RICHARD MAROKO

    CO-CHAIRMAN

    Total calculated
    $346,811
    From this org
    $0
    From related orgs
    $228,541
    Other
    $118,270
    Hours/week
    0.1 + 0.6 related

    Schedule J breakdown matched by us

    Base
    $0 + $228,541 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0 + $53,136 related
    Nontaxable benefits
    $0 + $65,134 related
    Filer's total
    $0 + $346,811 related

  • VIJAY DANDAPANI

    CO-CHAIRMAN

    Total calculated
    $0
    Hours/week
    0.1 + 0.6 related

  • KUBA BROWN

    UNION TRUSTEE

    Total calculated
    $31,627
    From this org
    $0
    From related orgs
    $20,841
    Other
    $10,786
    Hours/week
    0.1 + 0.6 related

  • VANESSA MEADE

    UNION TRUSTEE

    Total calculated
    $103,403
    From this org
    $0
    From related orgs
    $68,140
    Other
    $35,263
    Hours/week
    0.1 + 0.6 related

  • AMY BOKERMAN

    UNION TRUSTEE

    Total calculated
    $296,743
    From this org
    $0
    From related orgs
    $195,547
    Other
    $101,196
    Hours/week
    0.1 + 0.6 related

    Schedule J breakdown matched by us

    Base
    $0 + $195,547 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0 + $45,465 related
    Nontaxable benefits
    $0 + $55,731 related
    Filer's total
    $0 + $296,743 related

  • JOE MESSINEO

    UNION TRUSTEE

    Total calculated
    $183,374
    From this org
    $0
    From related orgs
    $120,840
    Other
    $62,534
    Hours/week
    0.1 + 0.6 related

    Schedule J breakdown matched by us

    Base
    $0 + $120,840 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0 + $28,095 related
    Nontaxable benefits
    $0 + $34,439 related
    Filer's total
    $0 + $183,374 related

  • ALYSSA TRAMPOSCH

    UNION TRUSTEE

    Total calculated
    $92,193
    From this org
    $0
    From related orgs
    $60,753
    Other
    $31,440
    Hours/week
    0.1 + 0.6 related

  • GEORGE GREENE

    EMPLOYER TRUSTEE

    Total calculated
    $0
    Hours/week
    0.1 + 0.6 related

  • AMY RAVITZ

    EMPLOYER TRUSTEE

    Total calculated
    $0
    Hours/week
    0.1 + 0.6 related

  • GUS CECCHINI

    EMPLOYER TRUSTEE

    Total calculated
    $0
    Hours/week
    0.1 + 0.6 related

  • CLARA PELLERANO

    EMPLOYER TRUSTEE

    Total calculated
    $0
    Hours/week
    0.1 + 0.6 related

  • STEVE BATTA

    EMPLOYER TRUSTEE

    Total calculated
    $0
    Hours/week
    0.1 + 0.6 related

  • MICHAEL D'ANGELO

    EMPLOYER TRUSTEE

    Total calculated
    $0
    Hours/week
    0.1 + 0.6 related

  • FRED GRAPSTEIN

    EMPLOYER TRUSTEE

    Total calculated
    $0
    Hours/week
    0.1 + 0.6 related

  • TOM MITUZAS

    EMPLOYER TRUSTEE

    Total calculated
    $0
    Hours/week
    0.1 + 0.6 related

  • DR DAVID JACOBSON

    CHIEF EXECUTIVE OFFICER

    Total calculated
    $1,793,557
    From this org
    $0
    From related orgs
    $1,268,386
    Other
    $525,171
    Hours/week
    22 + 18 related

    Schedule J breakdown matched by us

    Base
    $0 + $1,268,386 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0 + $163,681 related
    Nontaxable benefits
    $0 + $361,490 related
    Filer's total
    $0 + $1,793,557 related

  • JOHN HEIM

    CHIEF FINANCIAL OFFICER

    Total calculated
    $700,904
    From this org
    $0
    From related orgs
    $482,305
    Other
    $218,599
    Hours/week
    22 + 18 related

    Schedule J breakdown matched by us

    Base
    $0 + $482,305 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0 + $81,142 related
    Nontaxable benefits
    $0 + $137,457 related
    Filer's total
    $0 + $700,904 related

  • LANA T VARDANIAN

    CHIEF MEDICAL OFFICER

    Total calculated
    $679,600
    From this org
    $0
    From related orgs
    $466,978
    Other
    $212,622
    Hours/week
    29 + 11 related

    Schedule J breakdown matched by us

    Base
    $0 + $466,978 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0 + $79,533 related
    Nontaxable benefits
    $0 + $133,089 related
    Filer's total
    $0 + $679,600 related

  • ANDREW WINDSOR

    CHIEF ADMINISTRATIVE OFFIC

    Total calculated
    $415,136
    From this org
    $0
    From related orgs
    $278,623
    Other
    $136,513
    Hours/week
    5 + 35 related

    Schedule J breakdown matched by us

    Base
    $0 + $278,623 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0 + $57,105 related
    Nontaxable benefits
    $0 + $79,408 related
    Filer's total
    $0 + $415,136 related

  • ROBERT LAFFERTY

    CHIEF OPERATING OFFICER

    Total calculated
    $332,969
    From this org
    $0
    From related orgs
    $239,546
    Other
    $93,423
    Hours/week
    5 + 35 related

    Schedule J breakdown matched by us

    Base
    $0 + $239,546 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0 + $25,152 related
    Nontaxable benefits
    $0 + $68,271 related
    Filer's total
    $0 + $332,969 related

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.

Schedule J

Answered yes

  • 3 · Approval by the board or compensation committee

Answered no

  • 4a · Severance or change-of-control payment
  • 4b · Supplemental nonqualified retirement plan
  • 4c · Equity-based compensation arrangement
  • 5a · Pay contingent on this organization's revenues
  • 5b · Pay contingent on a related organization's revenues
  • 6a · Pay contingent on this organization's net earnings
  • 6b · Pay contingent on a related organization's net earnings
  • 7 · Other non-fixed payments
  • 8 · Paid under the initial-contract exception

Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.

Grants on this return

No itemized grants to organizations on this return.

Related organizations on this return

Schedule R Part II: tax-exempt organizations related to the filer by control. It does not record shared board members or money.

Provenance

Return type
form_990
Tax year
2022
Filed
10 November 2023
IRS schema version
2022v5.0
Source object
202323149349302672

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