Form 990 for tax year 2024

Revenue

Part VIII, the statement of revenue.

• 1e · Government grants (contributions)

  $411,463

• 1f · All other contributions, gifts and grants

  $171,898

• 2a · Program service revenue: MEMBERSHIP SERVICES

  total $150,044 · related or exempt $150,044

• 3 · Investment income

  total $22,003 · excluded $22,003

• 7a · Gross sales of assets other than inventory

  securities $6,116

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

  securities $0

• 7c · Gain or loss

  securities $6,116

• 7d · Net gain or loss

  total $6,116 · excluded $6,116

Functional expenses

Part IX, the statement of functional expenses.

• 7 · Other salaries and wages

  total $122,541 · program services $104,123 · management and general $18,271 · fundraising $147

• 11c · Fees: accounting

  total $1,623 · program services $1,379 · management and general $242 · fundraising $2

• 11f · Fees: investment management

  total $1,317 · management and general $1,317

• 13 · Office expenses

  total $7,329 · program services $6,228 · management and general $1,093 · fundraising $8

• 17 · Travel

  total $5,542 · program services $4,709 · management and general $826 · fundraising $7

• 19 · Conferences, conventions and meetings

  total $329 · program services $280 · management and general $49

• 23 · Insurance

  total $11,839 · program services $10,060 · management and general $1,765 · fundraising $14

• 24a · Other expenses: GRANT DELIVERY EXPENSES

  total $426,686 · program services $362,555 · management and general $63,619 · fundraising $512

• 24b · Other expenses: EDUCATIONAL EXPENSES

  total $109,019 · program services $92,633 · management and general $16,255 · fundraising $131

• 24c · Other expenses: HI EMPLOYEE RELIEF FUND

  total $3,000 · program services $2,549 · management and general $447 · fundraising $4

• 24d · Other expenses: BANK SERVICE FEES

  total $1,330 · program services $1,130 · management and general $198 · fundraising $2

• 24e · All other expenses

  total $543 · program services $461 · management and general $81 · fundraising $1

Balance sheet

Part X, book values.

• 1 · Cash, non-interest-bearing

  beginning of year $620,361 · end of year $1,553,854

• 2 · Savings and temporary cash investments

  beginning of year $250,419 · end of year $275,280

• 4 · Accounts receivable

  beginning of year $7,967 · end of year $16,372

• 9 · Prepaid expenses and deferred charges

  beginning of year $231,024 · end of year $1,400

• 17 · Accounts payable and accrued expenses

  beginning of year $79 · end of year $10,420

• 19 · Deferred revenue

  beginning of year $287,715 · end of year $934,546

• 25 · Other liabilities

  beginning of year $3,463 · end of year $0

• 27 · Net assets without donor restrictions

  beginning of year $818,514 · end of year $901,940

The filer's explanations (Part III)

PART I, LINE 3

COMPENSATION IS DETERMINED BY MICHIGAN RESTAURANT & LODGING ASSOCIATION, A RELATED ORGANIZATION. THE MICHIGAN RESTAURANT & LODGING ASSOCIATION'S BOARD OF DIRECTORS HAS A COMPENSATION COMMITTEE THAT USES COMPENSATION STUDIES AND OTHER MARKET INFORMATION TO GATHER DATA ON INDUSTRY STANDARDS. AFTER ANALYZING THE DATA, THE COMMITTEE DETERMINES THE COMPENSATION FOR THE PRESIDENT/CEO. THE COMPENSATION COMMITTEE ALSO GATHERS INFORMATION ON INDUSTRY STANDARDS FOR ALL STAFF POSITIONS. HOWEVER, THE PRESIDENT/CEO DETERMINES THE COMPENSATION AMOUNT FOR EACH STAFF MEMBER.