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Nonprofiteer
← MULTI-CULTURAL FOODSERVICE & HOSPITALITY ALLIANCE

Form 990 for tax year 2023

Filed by MULTI-CULTURAL FOODSERVICE & HOSPITALITY ALLIANCE.

Totals

Total revenue
$1,567,286
Total expenses
$1,265,051
Contributions and grants received
$1,421,460
Grants paid
$0
Program service revenue
$110,343
Investment income
$0
Other revenue
$35,483
Total assets, end of year
$1,654,705
Total liabilities, end of year
$1,329,062
Net assets or fund balances, end of year
$325,643
Program services expenses (Part IX)
$938,807
Management and general expenses
$280,164
Fundraising expenses
$46,080
Program service expenses (Part III)
$938,807

Program services were 74.2% 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.

  • 1b · Membership dues

    $272,464

  • 1d · Related organizations

    $99,996

  • 1f · All other contributions, gifts and grants

    $1,049,000

  • 2a · Program service revenue: Cultural Intelligence

    total $110,343 · related or exempt $110,343

  • 5 · Royalties

    total $35,483 · excluded $35,483

Functional expenses

Part IX, the statement of functional expenses.

  • 7 · Other salaries and wages

    total $571,507 · program services $428,630 · management and general $142,877

  • 9 · Other employee benefits

    total $105,600 · program services $79,200 · management and general $26,400

  • 10 · Payroll taxes

    total $51,436 · program services $38,577 · management and general $12,859

  • 11g · Fees: other

    total $91,791 · program services $29,500 · management and general $16,211 · fundraising $46,080

  • 12 · Advertising and promotion

    total $2,305 · program services $2,305

  • 13 · Office expenses

    total $12,164 · program services $2,900 · management and general $9,264

  • 17 · Travel

    total $73,531 · program services $70,500 · management and general $3,031

  • 19 · Conferences, conventions and meetings

    total $31,711 · program services $28,470 · management and general $3,241

  • 22 · Depreciation, depletion and amortization

    total $1,738 · management and general $1,738

  • 24a · Other expenses: Shared Service Fee

    total $254,000 · program services $254,000

  • 24b · Other expenses: Bad Debt

    total $64,543 · management and general $64,543

  • 24c · Other expenses: Dues & Subscriptions

    total $4,725 · program services $4,725

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $501,873 · end of year $377,839

  • 4 · Accounts receivable

    beginning of year $595,537 · end of year $1,276,452

  • 9 · Prepaid expenses and deferred charges

    beginning of year $766 · end of year $414

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

    $39,468

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

    $39,468

  • 10c · Land, buildings and equipment, net

    beginning of year $1,738 · end of year $0

  • 17 · Accounts payable and accrued expenses

    beginning of year $85,938 · end of year $147,997

  • 19 · Deferred revenue

    beginning of year $45,760 · end of year $10,796

  • 25 · Other liabilities

    beginning of year $944,808 · end of year $1,170,269

  • 27 · Net assets without donor restrictions

    beginning of year -$214,592 · end of year -$831,357

  • 28 · Net assets with donor restrictions

    beginning of year $238,000 · end of year $1,157,000

Mission and programs · 2023

Mission

To provide our members with the cultural competencies, insights and skills necessary to deliver better business results in a culturally diverse marketplace. The Organization strives to bring the economic benefits of diversity and inclusion to the food and hospitality industry by building bridges and delivering solutions.

Activities or mission (Part I)

To educate and advocate for and connect its members with opportunities to build their cultural intelligence in the foodservice and hospitality industry.

  • Educate, advocate and connect with membership by providing professional development and cultural intelligence training for our members and the industry, promote career and business opportunities that exist with member companies for minority and multicultural communities and connect industry professionals with each other by providing career enhancement opportunities, informal mentoring and networking.

    Expenses $938,807 · Revenue $110,343

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

Listed in Part VII

  • Michelle Korsmo

    President & CEO

    Total calculated
    $3,071,350
    From this org
    $0
    From related orgs
    $2,089,625
    Other
    $981,725
    Hours/week
    1 + 39 related

    Schedule J breakdown matched by us

    Base
    $0 + $1,584,416 related
    Bonus
    $0 + $503,691 related
    Other
    $0 + $1,518 related
    Deferred
    $0 + $926,546 related
    Nontaxable benefits
    $0 + $55,179 related
    Filer's total
    $0 + $3,071,350 related

  • James Fripp

    Chair

    Total calculated
    $0
    Hours/week
    2 + 7 related

  • Shaun Beard

    Vice Chair

    Total calculated
    $0
    Hours/week
    2 + 7 related

  • William Kohl

    Treasurer

    Total calculated
    $0
    Hours/week
    2 + 5 related

  • Max Langenkamp

    Director

    Total calculated
    $0
    Hours/week
    2

  • Eric Ellis

    CFO

    Total calculated
    $721,131
    From this org
    $0
    From related orgs
    $550,775
    Other
    $170,356
    Hours/week
    1 + 39 related

    Schedule J breakdown matched by us

    Base
    $0 + $353,388 related
    Bonus
    $0 + $196,397 related
    Other
    $0 + $990 related
    Deferred
    $0 + $115,521 related
    Nontaxable benefits
    $0 + $54,835 related
    Filer's total
    $0 + $721,131 related

  • Gerald Fernandez

    President

    Total calculated
    $275,601
    From this org
    $0
    From related orgs
    $232,678
    Other
    $42,923
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $0 + $211,599 related
    Bonus
    $0 + $16,564 related
    Other
    $0 + $4,515 related
    Deferred
    $0 + $28,521 related
    Nontaxable benefits
    $0 + $14,402 related
    Filer's total
    $0 + $275,601 related

  • Marvin Irby

    CAO

    Total calculated
    $1,861,645
    From this org
    $0
    From related orgs
    $1,206,668
    Other
    $654,977
    Hours/week
    1 + 39 related

    Schedule J breakdown matched by us

    Base
    $0 + $544,861 related
    Bonus
    $0 + $657,451 related
    Other
    $0 + $4,356 related
    Deferred
    $0 + $627,907 related
    Nontaxable benefits
    $0 + $27,070 related
    Filer's total
    $0 + $1,861,645 related

  • Andre Howell

    Vice President of Operations

    Total calculated
    $206,357
    From this org
    $0
    From related orgs
    $149,238
    Other
    $57,119
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $0 + $135,154 related
    Bonus
    $0 + $11,421 related
    Other
    $0 + $2,663 related
    Deferred
    $0 + $15,432 related
    Nontaxable benefits
    $0 + $41,687 related
    Filer's total
    $0 + $206,357 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

None.

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

The filer's explanations (Part III)

Part I, Line 3
The Compensation Committee of National Restaurant Association, a related organization, reviews and approves the compensation of the Chief Executive Officer, and direct reports. An outside consultant is used to provide comparable data for similarly qualified person in functionally situated organizations for consideration. Contemporaneous documentation of these decisions regarding the compensation are prepared and maintained.

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.

  • National Restaurant Association Services LLC

    C · Marketing services · IL · controlled entity

    Directly controlled by NRA

  • NRAS India Private Limited

    C · Marketing services · IN · controlled entity

    Directly controlled by NRA

Provenance

Return type
form_990
Tax year
2023
Filed
13 November 2024
IRS schema version
2023v5.1
Source object
202413199349314676

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