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Nonprofiteer
← MASS RESTAURANT ASSN INC

Form 990 for tax year 2023

Filed by MASS RESTAURANT ASSN INC.

Totals

Total revenue
$1,299,225
Total expenses
$1,676,179
Contributions and grants received
$0
Grants paid
$0
Program service revenue
$905,269
Investment income
$84,570
Other revenue
$309,386
Total assets, end of year
$2,452,942
Total liabilities, end of year
$724,717
Net assets or fund balances, end of year
$1,728,225
Program services expenses (Part IX)
$1,676,179
Management and general expenses
$0
Fundraising expenses
$0
Program service expenses (Part III)
not reported

Program services were 100.0% 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: DUES

    total $551,422 · related or exempt $551,422

  • 2b · Program service revenue: NRA SOLUTIONS

    total $181,445 · related or exempt $181,445

  • 2c · Program service revenue: NORTHEAST FOODSERVICE SHOW

    total $79,827 · related or exempt $79,827

  • 2d · Program service revenue: NRA ALLERGY VIDEO

    total $40,259 · related or exempt $40,259

  • 2e · Program service revenue: INSURANCE

    total $30,000 · related or exempt $30,000

  • 2f · All other program service revenue

    total $22,316 · related or exempt $22,316

  • 3 · Investment income

    total $38,447 · excluded $38,447

  • 6a · Gross rents

    real property $156,445

  • 6b · Less rental expenses

    real property $151,754

  • 6c · Rental income or loss

    real property $4,691

  • 6d · Net rental income or loss

    total $4,691 · excluded $4,691

  • 7a · Gross sales of assets other than inventory

    securities $501,328

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

    securities $455,205

  • 7c · Gain or loss

    securities $46,123

  • 7d · Net gain or loss

    total $46,123 · excluded $46,123

  • 8a · Fundraising events: gross income

    $231,935

  • 8b · Fundraising events: direct expenses

    $224,631

  • 8c · Net income from fundraising events

    total $7,304 · excluded $7,304

  • 11a · Other revenue: SHARED SERVICES - EF

    total $165,000 · related or exempt $165,000

  • 11b · Other revenue: SHARED SERVICES - ASI

    total $60,000 · related or exempt $60,000

  • 11c · Other revenue: ELECTRIC REBATE

    total $25,000 · related or exempt $25,000

  • 11d · All other revenue

    total $47,391 · related or exempt $47,391

  • 11e · Other revenue, total

    $297,391

Functional expenses

Part IX, the statement of functional expenses.

  • 5 · Compensation of officers, directors and key employees

    total $312,461 · program services $312,461

  • 7 · Other salaries and wages

    total $535,113 · program services $535,113

  • 8 · Pension plan contributions

    total $37,156 · program services $37,156

  • 9 · Other employee benefits

    total $94,261 · program services $94,261

  • 10 · Payroll taxes

    total $61,457 · program services $61,457

  • 11b · Fees: legal

    total $89,624 · program services $89,624

  • 11c · Fees: accounting

    total $31,980 · program services $31,980

  • 11f · Fees: investment management

    total $10,182 · program services $10,182

  • 11g · Fees: other

    total $7,500 · program services $7,500

  • 13 · Office expenses

    total $8,537 · program services $8,537

  • 16 · Occupancy

    total $94,662 · program services $94,662

  • 17 · Travel

    total $22,356 · program services $22,356

  • 19 · Conferences, conventions and meetings

    total $65,426 · program services $65,426

  • 20 · Interest

    total $10,683 · program services $10,683

  • 21 · Payments to affiliates

    total $19,920 · program services $19,920

  • 22 · Depreciation, depletion and amortization

    total $9,006 · program services $9,006

  • 23 · Insurance

    total $7,785 · program services $7,785

  • 24a · Other expenses: BALLOT CAMPAIGN (NET)

    total $80,639 · program services $80,639

  • 24b · Other expenses: PUBLIC RELATIONS

    total $53,178 · program services $53,178

  • 24c · Other expenses: LAF EXPENDITURES

    total $30,000 · program services $30,000

  • 24d · Other expenses: COMPUTER MAINTENANCE

    total $22,173 · program services $22,173

  • 24e · All other expenses

    total $72,080 · program services $72,080

Balance sheet

Part X, book values.

  • 2 · Savings and temporary cash investments

    beginning of year $446,872 · end of year $359,354

  • 4 · Accounts receivable

    beginning of year $370,421 · end of year $415,814

  • 9 · Prepaid expenses and deferred charges

    beginning of year $13,858 · end of year $11,091

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

    $100,718

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

    $74,948

  • 10c · Land, buildings and equipment, net

    beginning of year $34,774 · end of year $25,770

  • 11 · Investments: publicly traded securities

    beginning of year $1,328,345 · end of year $1,149,779

  • 12 · Investments: other securities

    beginning of year $478,728 · end of year $483,419

  • 15 · Other assets

    beginning of year $7,715 · end of year $7,715

  • 17 · Accounts payable and accrued expenses

    beginning of year $105,039 · end of year $299,457

  • 24 · Unsecured notes and loans payable

    beginning of year $150,000 · end of year $150,000

  • 25 · Other liabilities

    beginning of year $387,544 · end of year $275,260

  • 31 · Retained earnings, endowment or other funds

    beginning of year $2,038,130 · end of year $1,728,225

Mission and programs · 2023

Mission

SERVICING THE HOTEL/RESTAURANT INDUSTRY IN MASSACHUSETTS.

  • OUR MOST POPULAR SERVICE IS OUR INFORMATIONAL SERVICES. IN TODAY'S RAPIDLY CHANGING REGULATORY WORLD, OPERATORS NEED TO STAY INFORMED IN ORDER TO COMPLY WITH NEW LAWS AND REGULATIONS. OUR MEMBERS CAN CALL US AND ASK US ANY LEGAL OR REGULATORY QUESTION AND WE WILL RESEARCH THE ANSWER FOR THEM. ADDITIONALLY, WE SEND OUT ALERTS, NEWSLETTERS AND E-NEWSLETTERS WITH ANY PERTINENT INFORMATION THAT THEY SHOULD KNOW IN ORDER TO COMPLY WITH A NEW LAW OR REGULATION. THE NEW ENGLAND FOOD SHOW IS OUR BIGGEST EVENT. IT IS PRODUCED AND OWNED BY OUR PARTNER, THE NATIONAL RESTAURANT ASSOCIATION. THERE IS APPROXIMATELY 50,000 SQUARE FEET OF EXHIBITOR SPACE. THERE ARE CHEF DEMOS, EDUCATIONAL SEMINARS, AND KEYNOTE SPEAKERS. ABOUT 10,000 ATTENDEES WILL VISIT THE SHOW OVER A THREE DAY PERIOD TO SEE THE VERY LATEST IN FOOD AND BEVERAGE PRODUCTS, EQUIPMENT, TECHNOLOGY AND SERVICES. GOVERNMENT AFFAIRS USES A GREAT DEAL OF OUR RESOURCES. THERE ARE SO MANY BILLS THAT ARE PROPOSED IN A YEAR THAT COULD HURT OR HELP THE INDUSTRY. OUR JOB IS TWOFOLD: TO EDUCATE THE LEGISLATORS AND TO EDUCATE OUR MEMBERS. IT'S IMPORTANT THAT THE LEGISLATORS BE AWARE OF THE EFFECTS OF THEIR LEGISLATION. WE DO THIS BY MEETING WITH THEM, TESTIFYING BEFORE COMMITTEES, SENDING LETTERS AND EMAILS AND ACTIVATING OUR STRONG GRASS ROOTS BODY WHICH IS OUR MEMBERSHIP. IN ORDER TO DO THIS, WE NEED TO KEEP OUR MEMBERS INFORMED. WE DO THIS THROUGH OUR NEWSLETTERS, THROUGH ALERTS, PERSONAL CONTACTS AND WE EVEN HOST A LOBBY DAY. GOVERNMENT AFFAIRS CONTINUES TO BECOME MORE AND MORE IMPORTANT.

As filed on the 2023 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Stephen Clark

    CEO

    Total calculated
    $190,817
    From this org
    $183,413
    From related orgs
    $0
    Other
    $7,404
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $183,413
    Bonus
    not reported
    Other
    not reported
    Deferred
    $7,404
    Nontaxable benefits
    not reported
    Filer's total
    $190,817

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

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.

Taxable family on this return

Schedule R Parts I, III and IV, as filed. These record ownership and control, not shared board members or money moved.

Related corporations and trusts

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

  • ASSOCIATION SERVICES INC

    C CORP · REBATES · MA

Provenance

Return type
form_990
Tax year
2023
Filed
7 May 2024
IRS schema version
2023v6.0
Source object
202511279349302861

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