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Nonprofiteer
← COLORADO RESTAURANT ASSOCIATION EDUCATION FUND

Form 990 for tax year 2024

Filed by COLORADO RESTAURANT ASSOCIATION EDUCATION FUND.

Totals

Total revenue
$1,680,592
Total expenses
$1,677,057
Contributions and grants received
$1,390,442
Grants paid
$417,656
Program service revenue
$37,304
Investment income
$155,385
Other revenue
$97,461
Total assets, end of year
$1,116,518
Total liabilities, end of year
$292,389
Net assets or fund balances, end of year
$824,129
Program services expenses (Part IX)
$1,114,216
Management and general expenses
$368,714
Fundraising expenses
$194,127
Program service expenses (Part III)
$1,114,216

Program services were 66.4% 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.

  • 1c · Fundraising events

    $77,232

  • 1d · Related organizations

    $20,000

  • 1e · Government grants (contributions)

    $864,132

  • 1f · All other contributions, gifts and grants

    $429,078

  • 2a · Program service revenue: EVENT

    total $31,050 · related or exempt $31,050

  • 2b · Program service revenue: EDUCATION

    total $6,254 · related or exempt $6,254

  • 3 · Investment income

    total $26,101 · excluded $26,101

  • 7a · Gross sales of assets other than inventory

    securities $1,153,730

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

    securities $1,024,446

  • 7c · Gain or loss

    securities $129,284

  • 7d · Net gain or loss

    total $129,284 · excluded $129,284

  • 8a · Fundraising events: gross income

    $455,939

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

    $77,232

  • 8b · Fundraising events: direct expenses

    $358,745

  • 8c · Net income from fundraising events

    total $97,194 · excluded $97,194

  • 11a · Other revenue: MISCELLANEOUS REVENUE

    total $267 · related or exempt $267

  • 11e · Other revenue, total

    $267

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $374,656 · program services $374,656

  • 2 · Grants to domestic individuals

    total $43,000 · program services $43,000

  • 5 · Compensation of officers, directors and key employees

    total $231,230 · program services $30,552 · management and general $164,249 · fundraising $36,429

  • 7 · Other salaries and wages

    total $431,882 · program services $259,738 · management and general $70,114 · fundraising $102,030

  • 9 · Other employee benefits

    total $53,385 · program services $37,515 · fundraising $15,870

  • 10 · Payroll taxes

    total $45,768 · program services $20,940 · management and general $14,970 · fundraising $9,858

  • 11b · Fees: legal

    total $252 · management and general $252

  • 11c · Fees: accounting

    total $42,700 · management and general $42,700

  • 11e · Fees: professional fundraising services

    total $1,950 · fundraising $1,950

  • 11f · Fees: investment management

    total $7,849 · management and general $7,849

  • 11g · Fees: other

    total $13,486 · program services $477 · management and general $7,809 · fundraising $5,200

  • 13 · Office expenses

    total $47,626 · program services $22,699 · management and general $15,031 · fundraising $9,896

  • 16 · Occupancy

    total $46,561 · program services $22,190 · management and general $14,694 · fundraising $9,677

  • 17 · Travel

    total $3,905 · program services $1,861 · management and general $1,232 · fundraising $812

  • 19 · Conferences, conventions and meetings

    total $5,615 · program services $2,686 · management and general $1,766 · fundraising $1,163

  • 23 · Insurance

    total $5,974 · program services $2,847 · management and general $1,885 · fundraising $1,242

  • 24a · Other expenses: PROSTART PROGRAM EXPENS

    total $295,055 · program services $295,055

  • 24b · Other expenses: BOARD/GOVERANCE EXPENSE

    total $26,163 · management and general $26,163

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $171,461 · end of year $149,288

  • 3 · Pledges and grants receivable

    beginning of year $0 · end of year $115,070

  • 4 · Accounts receivable

    beginning of year $81,607 · end of year $7,397

  • 9 · Prepaid expenses and deferred charges

    beginning of year $93 · end of year $1,811

  • 11 · Investments: publicly traded securities

    beginning of year $1,057,627 · end of year $842,952

  • 17 · Accounts payable and accrued expenses

    beginning of year $70,578 · end of year $9,055

  • 18 · Grants payable

    beginning of year $0 · end of year $21,500

  • 19 · Deferred revenue

    beginning of year $0 · end of year $18,500

  • 25 · Other liabilities

    beginning of year $381,016 · end of year $243,334

  • 27 · Net assets without donor restrictions

    beginning of year $402,536 · end of year $649,432

  • 28 · Net assets with donor restrictions

    beginning of year $456,658 · end of year $174,697

Mission and programs · 2024

Mission

THE COLORADO RESTAURANT FOUNDATION IS DEDICATED TO PROVIDING ACCESS TO EDUCATION, SKILLS AND FINANCIAL MEANS TO PURSUE A SUCCESSFUL CAREER IN THE FOOD SERVICE AND HOSPITALITY INDUSTRIES.

Activities or mission (Part I)

THE COLORADO RESTAURANT FOUNDATION IS DEDICATED TO ENHANCING THE INDUSTRY'S TRAINING AND EDUCATION, CAREER DEVELOPMENT AND THE OVERALL WELL-BEING OF THE INDUSTRY AND ITS WORKFORCE.

  • PROSTART AND APPRENTICESHIP PROGRAMS: PROSTART IS A HIGH SCHOOL EDUCATION PROGRAM THAT OFFERS RESTAURANT/HOSPITALITY MANAGEMENT, CULINARY ARTS, AND BUSINESS ECONOMICS CURRICULUM AND PROVIDES HIGH SCHOOL AND COLLEGE ACADEMIC CREDIT, SCHOLARSHIPS, AND PAID WORK EXPERIENCE OPPORTUNITIES. APPRENTICESHIP PROGRAMS ARE COMPETENCY-BASED APPRENTICESHIPS DESIGNED FOR PEOPLE OF ALL AGES COMMITTED TO CAREERS IN THE RESTAURANT INDUSTRY. APPRENTICES LEARN ON-THE-JOB TRAINING IN SPECIFIC CULINARY OR MANAGEMENT COMPETENCIES COUPLED WITH CLASSROOM AND/OR SELF-PACED INSTRUCTION.

    Expenses $995,742 · Grants $371,971 · Revenue $6,521

  • ASSISTANCE: THE ASSISTANCE PROGRAM PROVIDES FINANCIAL ASSISTANCE TO INDUSTRY EMPLOYEES FOR UNEXPECTED ILLNESS, INJURY, NATRUAL DISASTER, AND MENTAL HEALTH CARE.

    Expenses $2,895 · Grants $2,685

  • SPECIAL EVENTS:SPECIAL EVENTS ARE HELD TO RECOGNIZE THE ACCOMPLISHMENTS OF PROGRAM PARTICIPANTS. PRIMARY EVENTS HELD EACH YEAR ARE THE SCHOLARSHIP AWARDS AND PROSTART STUDENT INVITATIONAL. THE SCHOLARSHIP AWARD EVENT IS HELD TO RECOGNIZE SCHOLARSHIP RECIPIENTS IN THE PROSTART PROGRAMS WHO ARE PURSUING SECONDARY EDUCATION IN THE FIELD. THE COLORADO PROSTART STUDENT INVITATIONAL AND NATIONAL PROSTART STUDENT INVITATIONAL) ARE COMPETITIONS WHERE PROSTART STUDENTS COMPETE WITH THEIR PEERS IN OTHER COLORADO HIGH SCHOOLS AND WITH STATE WINNING TEAMS FROM OTHER STATES, RESPECTIVELY.

    Expenses $70,637 · Revenue $31,050

  • SCHOLARSHIPS:THE SCHOLARSHIP PROGRAM PROVIDES SCHOLARSHIPS TO COLORADO PROSTART GRADUATES AND POST-SECONDARY UNDERGRADUATES THAT ARE PURSUING A COLLEGE EDUCATION IN THE FOODSERVICE AND HOSPITALITY INDUSTRIES.

    Expenses $44,942 · Grants $43,000

As filed on the 2024 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • AILEEN REILLY

    CHAIRMAN (AS OF 10/24)

    Total calculated
    $0
    Hours/week
    2 + 3 related

  • MARC STERON

    CHAIRMAN (THRU 10/24)

    Total calculated
    $0
    Hours/week
    2 + 3 related

  • MELISSA BROOKS

    VICE-CHAIR ELECT/VP-FUNDRAISING (THRU 10/24)/VICE

    Total calculated
    $0
    Hours/week
    2 + 2 related

  • EMILY BIEDERMAN

    CONTROLLER (THRU 10/24)/VP FUNDRAISING

    Total calculated
    $0
    Hours/week
    2

  • AMY RAPISARDA

    VP-EDUCATION (AS OF 10/24)

    Total calculated
    $0
    Hours/week
    1

  • MALLORY CULLEN

    VP AT LARGE (THRU 10/24)/VP-HEALTH & WELLNESS

    Total calculated
    $0
    Hours/week
    2

  • APRIL LAMBATOS

    VP-AT LARGE (AS OF 10/24)

    Total calculated
    $0
    Hours/week
    1

  • LUIS RAMIREZ

    TREASURER (THRU 10/24)/CONTROLLER

    Total calculated
    $0
    Hours/week
    2

  • ASHLEY HOFFMAN

    VP-HEALTH & WELLNESS (THRU 10/24)/SECRETARY

    Total calculated
    $0
    Hours/week
    2

  • JOSH NIERNBERG

    VP- EDUCATION (THRU 10/24)/TREASURER

    Total calculated
    $0
    Hours/week
    2

  • RICHARD SCHNEIDER

    SECRETARY (THRU 10/24)/DIRECTOR

    Total calculated
    $0
    Hours/week
    2 + 1 related

  • CHRIS WEIL

    VICE-CHAIRMAN (THRU 10/24)/DIRECTOR

    Total calculated
    $0
    Hours/week
    2 + 2 related

  • JUSTIN ADRIAN

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • PAUL ANDERS

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • KIRK BACHMANN

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • TRUETT BAILEY

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • KEVIN BURKE

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • MATTHEW COATES

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • TAJAHI COOKE

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • SHELLY COX

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • AUDRA DUNLEAVY

    DIRECTOR (THRU 10/24)

    Total calculated
    $0
    Hours/week
    1

  • RON HALL

    DIRECTOR (THRU 10/24)

    Total calculated
    $0
    Hours/week
    1

  • WAYNE HILSTON

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • NIKKI KOLAKOWSKI

    DIRECTOR (THRU 10/24)

    Total calculated
    $0
    Hours/week
    1

  • THUAN LA

    DIRECTOR (THRU 10/24)

    Total calculated
    $0
    Hours/week
    1

  • JESSY LASHIER

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • ANNELISE MCAULIFFE SOARES

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • MAWA MCQUEEN

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • ANIEDRA NICHOLS

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • ELIZABETH NICHOLSON

    DIRECTOR (THRU 10/24)

    Total calculated
    $0
    Hours/week
    1

  • DR ERIC OLSON

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • THEO OTTE

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • LUNDI RAMOS

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • CHRISTINA RUNYAN

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • ABBY SANDS

    DIRECTOR (THRU 10/24)

    Total calculated
    $0
    Hours/week
    1

  • JULIE STONE

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • GREG WARNER

    DIRECTOR (THRU 10/24)

    Total calculated
    $0
    Hours/week
    1

  • SONIA RIGGS

    EXECUTIVE DIRECTOR

    Total calculated
    $376,527
    From this org
    $19,420
    From related orgs
    $314,057
    Other
    $43,050
    Hours/week
    1 + 39 related

    Schedule J breakdown matched by us

    Base
    $19,420 + $218,375 related
    Bonus
    $0 + $75,000 related
    Other
    $0 + $20,682 related
    Deferred
    $0
    Nontaxable benefits
    $2,583 + $40,467 related
    Filer's total
    $22,003 + $354,524 related

  • LAURA SHUNK

    PRESIDENT

    Total calculated
    $163,088
    From this org
    $127,520
    From related orgs
    $2,860
    Other
    $32,708
    Hours/week
    39 + 1 related

    Schedule J breakdown matched by us

    Base
    $110,924 + $2,860 related
    Bonus
    $16,500
    Other
    $96
    Deferred
    $0
    Nontaxable benefits
    $0 + $32,708 related
    Filer's total
    $127,520 + $35,568 related

  • DEVANY MCNEILL

    VP-STRATEGIC PARTNERSHIP

    Total calculated
    $193,233
    From this org
    $37,675
    From related orgs
    $136,454
    Other
    $19,104
    Hours/week
    1 + 39 related

    Schedule J breakdown matched by us

    Base
    $37,675 + $103,866 related
    Bonus
    $0 + $29,600 related
    Other
    $0 + $2,988 related
    Deferred
    $0
    Nontaxable benefits
    $4,204 + $14,900 related
    Filer's total
    $41,879 + $151,354 related

  • STACEY GRIEST

    PROGRAMS DIRECTOR

    Total calculated
    $123,872
    From this org
    $103,645
    From related orgs
    $0
    Other
    $20,227
    Hours/week
    39 + 1 related

  • MICHAEL REED

    CONTROLLER

    Total calculated
    $153,173
    From this org
    $21,276
    From related orgs
    $121,319
    Other
    $10,578
    Hours/week
    1 + 39 related

    Schedule J breakdown matched by us

    Base
    $21,276 + $104,391 related
    Bonus
    $0 + $16,500 related
    Other
    $0 + $428 related
    Deferred
    $0
    Nontaxable benefits
    $0 + $10,578 related
    Filer's total
    $21,276 + $131,897 related

  • DENISE MICKELSEN

    DIRECTOR OF COMMUNICATION

    Total calculated
    $131,971
    From this org
    $35,851
    From related orgs
    $65,487
    Other
    $30,633
    Hours/week
    1 + 39 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

  • 2 · Substantiation required before reimbursing expenses
  • 3 · Compensation survey or study
  • 3 · Approval by the board or compensation committee
  • 6a · Pay contingent on this organization's net earnings
  • 7 · Other non-fixed payments

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
  • 6b · Pay contingent on a related organization's net earnings
  • 8 · Paid under the initial-contract exception

The filer's explanations (Part III)

PART I, LINE 3
RELATED ORGANIZATIONS USE COMPENSATION SURVEYS AND APPROVAL BY COMMITTEE AND BOARD OF DIRECTORS.
PART I, LINE 6
PRESIDENT HAS A PREDETERMINED BONUS AGREEMENT. BONUS IS A PERCENTAGE OF PRESIDENT & CEO'S BASE SALARY AND IS PAID BASED ON PREDETERMINED COMPONENTS WHICH VARY FROM MEETING FINANCIAL GOALS FOR PARTICULAR PROGRAMS, TO OTHER NON-FINANCIAL GOALS. THE BONUS IS NOT A SET AMOUNT NOR BASED UPON ACTUAL OVERALL NET EARNINGS OF THE ORGANIZATION.
PART I, LINE 7
THE BONUS PLAN FOR THE PRESIDENT OF THE ORGANIZATION IS PERCENTAGE OF SALARY METHOD BASED UPON MEETING NET EARNINGS OF PROGRAMS AND ORGANIZATION AS A WHOLE.

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

The 10 largest by cash amount. The API serves every itemized grant.

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
2024
Filed
16 November 2025
IRS schema version
2024v5.2
Source object
202533219349311438

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