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← MASSACHUSETTS LODGING ASSOCIATIONS EDUCATIONAL FOUNDATION

Form 990 for tax year 2023

Filed by MASSACHUSETTS LODGING ASSOCIATIONS EDUCATIONAL FOUNDATION.

Totals

Total revenue
$26,042
Total expenses
$20,723
Contributions and grants received
$22,910
Grants paid
$0
Program service revenue
$0
Investment income
$3,132
Other revenue
$0
Total assets, end of year
$68,168
Total liabilities, end of year
$54,748
Net assets or fund balances, end of year
$13,420
Program services expenses (Part IX)
$10,949
Management and general expenses
$9,774
Fundraising expenses
$0
Program service expenses (Part III)
$10,949

Program services were 52.8% 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.

  • 1f · All other contributions, gifts and grants

    $22,910

  • 3 · Investment income

    total $239 · excluded $239

  • 7a · Gross sales of assets other than inventory

    other assets $2,893

  • 7c · Gain or loss

    other assets $2,893

  • 7d · Net gain or loss

    total $2,893 · related or exempt $2,893

Functional expenses

Part IX, the statement of functional expenses.

  • 11c · Fees: accounting

    total $9,774 · management and general $9,774

  • 13 · Office expenses

    total $177 · program services $177

  • 24a · Other expenses: OVERHEAD CHARGES

    total $10,772 · program services $10,772

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $4,726 · end of year $22,525

  • 2 · Savings and temporary cash investments

    beginning of year $37,871 · end of year $45,643

  • 17 · Accounts payable and accrued expenses

    beginning of year $39,139 · end of year $54,748

  • 27 · Net assets without donor restrictions

    beginning of year -$8,717 · end of year -$18,755

  • 28 · Net assets with donor restrictions

    beginning of year $12,175 · end of year $32,175

Mission and programs · 2023

Mission

THE FOUNDATION PROVIDES REGIONAL STUDENTS WITH THE OPPORTUNITY FOR SPECIALIZED EDUCATION IN THE HOTEL, MOTEL AND HOSPITALITY INDUSTRIES.

  • HOSPITALITY INDUSTRY COURSES IN SUBJECTS RELATED TO THE HOSPITALITY INDUSTRY AND SCHOLARSHIPS TO STUDENTS.

    Expenses $10,949

As filed on the 2023 return.

Listed in Part VII

  • Christine Hagopian

    DIRECTOR

    Total calculated
    $0

  • John Murtha

    DIRECTOR

    Total calculated
    $0

  • Christine Pappas

    PRESIDENT

    Total calculated
    $0

  • Adam Sperling

    SECRETARY/TR

    Total calculated
    $0

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.

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
2023
Filed
4 November 2024
IRS schema version
2023v5.0
Source object
202423199349310997

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