Form 990 for tax year 2023
Filed by R I HOSPITALITY EDUCATION FOUNDATION.
Totals
- Total revenue
- $219,579
- Total expenses
- $248,761
- Contributions and grants received
- $78,275
- Grants paid
- $9,000
- Program service revenue
- $136,883
- Investment income
- $4,421
- Other revenue
- $0
- Total assets, end of year
- $487,778
- Total liabilities, end of year
- $328,515
- Net assets or fund balances, end of year
- $159,263
- Program services expenses (Part IX)
- $207,477
- Management and general expenses
- $41,284
- Fundraising expenses
- $0
- Program service expenses (Part III)
- $207,477
Program services were 83.4% 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.
-
1f · All other contributions, gifts and grants
$78,275
-
2a · Program service revenue: PROGRAM REVENUE
total $119,914 · related or exempt $119,914
-
2b · Program service revenue: MEMBER EDUCATION
total $16,969 · related or exempt $16,969
-
3 · Investment income
total $4,524 · excluded $4,524
-
7a · Gross sales of assets other than inventory
securities $14,075
-
7b · Less cost or other basis and sales expenses
securities $14,178
-
7c · Gain or loss
securities -$103
-
7d · Net gain or loss
total -$103 · excluded -$103
Functional expenses
Part IX, the statement of functional expenses.
-
2 · Grants to domestic individuals
total $9,000 · program services $9,000
-
11b · Fees: legal
total $3,662 · management and general $3,662
-
11c · Fees: accounting
total $19,173 · management and general $19,173
-
13 · Office expenses
total $10,305 · program services $9,274 · management and general $1,031
-
16 · Occupancy
total $4,621 · program services $4,159 · management and general $462
-
17 · Travel
total $1,799 · management and general $1,799
-
19 · Conferences, conventions and meetings
total $7,684 · program services $6,301 · management and general $1,383
-
20 · Interest
total $5,772 · program services $5,772
-
23 · Insurance
total $3,860 · program services $3,474 · management and general $386
-
24a · Other expenses: LEASED ADMIN COST
total $101,847 · program services $96,596 · management and general $5,251
-
24b · Other expenses: EMPLOYEE RELIEF FUND
total $62,000 · program services $62,000
-
24c · Other expenses: EVENT EXPENSE
total $13,222 · program services $10,842 · management and general $2,380
-
24d · Other expenses: MISCELLANEOUS EXPENSE
total $5,750 · management and general $5,750
-
24e · All other expenses
total $66 · program services $59 · management and general $7
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $288,472 · end of year $159,103
-
2 · Savings and temporary cash investments
beginning of year $166 · end of year $166
-
4 · Accounts receivable
beginning of year $3,000 · end of year $6,799
-
9 · Prepaid expenses and deferred charges
beginning of year $294 · end of year $2,073
-
10a · Land, buildings and equipment: cost or other basis
$51,113
-
10b · Land, buildings and equipment: accumulated depreciation
$51,113
-
10c · Land, buildings and equipment, net
beginning of year $0 · end of year $0
-
11 · Investments: publicly traded securities
beginning of year $299,824 · end of year $318,444
-
15 · Other assets
beginning of year $0 · end of year $1,193
-
17 · Accounts payable and accrued expenses
beginning of year $194,705 · end of year $119,808
-
24 · Unsecured notes and loans payable
beginning of year $213,745 · end of year $209,900
-
25 · Other liabilities
beginning of year $9,060 · end of year -$1,193
-
27 · Net assets without donor restrictions
beginning of year $91,184 · end of year $110,002
-
28 · Net assets with donor restrictions
beginning of year $83,062 · end of year $49,261
Mission and programs · 2023
Mission
TO DEVELOP, SUPPORT, AND PROMOTE CAREER GROWTH OPPORTUNITIES WITHIN THE HOSPITALITY INDUSTRY TO BENEFIT STUDENTS, ORGANIZATIONS, AND THE ECONOMY. WE ACHIEVE THIS MISSION THROUGH OUR WORK WITH YOUTH, UNEMPLOYED ADULTS, AND INCUMBENT EMPLOYEES. OUR FOCUS IS ON CAREER AWARENESS PROVIDING WORK-READINESS TRAINING, AND OFFERING SKILL TRAINING.
Activities or mission (Part I)
TO ENCOURAGE PERSONS EMBARKING ON A CAREER IN THE FOOD SERVICE INDUSTRY. ALSO PROMOTE EDUCATION OF THE INDUSTRY TO THE GENERAL PUBLIC.
-
ENCOURAGING INDIVIDUALS EMBARKING ON A CAREER IN THE FOOD SERVICE INDUSTRY IN RHODE ISLAND AND PROMOTING EDUCATION AND UNDERSTANDING OF THE INDUSTRY TO THE GENERAL PUBLIC.HOSPITATLITY CAREER CONFERENCE WITH 125 HIGH SCHOOL STUDENTS ATTENDING FROM ACROSS THE ENTIRE STATE. PARTNERHIP WITH FABNEWPORT AND VAN BEUREN CHARITABLE FOUNDATION TO PROVIDE CAREER- EXPLORATION EXPERIENCES TO MIDDLE SCHOOL STUDENTS ALLOWING THEM TO WORK IN KITCHENS ALONGSIDE CHEFS AND INDUSTRY LEADERS TO GET A REAL HANDS-ON EDUCATION. WE AWARDED FOUR LOCAL STUDENTS WITH OUR ANNUAL SCHOLARSHIP THIS YEAR. WE HELPED OVER FIFTY INDUSTRY WORKERS THIS YEAR THROUGH OUR EMPLOYEE RELIEF FUND, BRINGING OUR GRANT TOTAL TO 296 SINCE THE PANDEMIC. WE TRAINED 950 EMPLOYEES, A 37% INCREASE IN TRAINING OVER LAST YEAR.
Expenses $207,477 · Grants $9,000 · Revenue $136,883
As filed on the 2023 return. The filer continues this part on Schedule O, which is not shown here.
Listed in Part VII
-
Alan ChileALAN CHILE
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Angela ArmeniseANGELA ARMENISE
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Damian SantoroDAMIAN SANTORO
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
David DepetrilloDAVID DEPETRILLO
CHAIRMAN
- Total calculated
- $0
- Hours/week
- 1 + 1 related
-
Floyd CrispFLOYD CRISP
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Frank MartucciFRANK MARTUCCI
TREASURER
- Total calculated
- $0
- Hours/week
- 1
-
Joanna ArrighieJOANNA ARRIGHIE
SECRETARY
- Total calculated
- $0
- Hours/week
- 1
-
Julia BroomeJULIA BROOME
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Kaitlin O'HaraKAITLIN O'HARA
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Kevin O'DonnellKEVIN O'DONNELL
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Kim PaquetteKIM PAQUETTE
DIRECTOR (TO 12/23)
- Total calculated
- $0
- Hours/week
- 1
-
Lee LewisLEE LEWIS
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Melissa VaraoMELISSA VARAO
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Michael SabitoniMICHAEL SABITONI
HONORARY
- Total calculated
- $0
- Hours/week
- 1
-
Ray McCueRAY MCCUE
EX-OFFICIO
- Total calculated
- $0
- Hours/week
- 1
-
Samuel GlynnSAMUEL GLYNN
VICE CHAIRMAN
- Total calculated
- $0
- Hours/week
- 1
-
Sarah ShibleySARAH SHIBLEY
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Thomas RielTHOMAS RIEL
DIRECTOR (TO 12/23)
- Total calculated
- $0
- Hours/week
- 1
-
Vincent ConstableVINCENT CONSTABLE
DIRECTOR (TO 12/23)
- Total calculated
- $0
- Hours/week
- 1
-
Dale VenturiniDALE VENTURINI
PRESIDENT/CEO
- Total calculated
- $362,621
- From this org
- $0
- From related orgs
- $341,085
- Other
- $21,536
- Hours/week
- 10 + 40 related
Schedule J breakdown matched by us
- Base
- $0 + $274,133 related
- Bonus
- $0 + $56,752 related
- Other
- $0 + $10,200 related
- Deferred
- $0 + $12,075 related
- Nontaxable benefits
- $0 + $9,461 related
- Filer's total
- $0 + $362,621 related
-
Heather SingletonHEATHER SINGLETON
CHIEF OPERATING OFFICER
- Total calculated
- $163,808
- From this org
- $0
- From related orgs
- $147,885
- Other
- $15,923
- Hours/week
- 10 + 40 related
Schedule J breakdown matched by us
- Base
- $0 + $147,885 related
- Bonus
- $0
- Other
- $0
- Deferred
- $0 + $5,994 related
- Nontaxable benefits
- $0 + $9,929 related
- Filer's total
- $0 + $163,808 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
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.
-
501(C)(6) · HOSPITALITY INDUSTRY ASSOCIATION · RI
Provenance
- Return type
- form_990
- Tax year
- 2023
- Filed
- 18 October 2024
- IRS schema version
- 2023v5.1
- Source object
- 202422929349301222
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