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Nonprofiteer
← ILLINOIS RESTAURANT ASSOCIATION EDUCATIONAL FOUNDATION INC

Form 990 for tax year 2023

Filed by ILLINOIS RESTAURANT ASSOCIATION EDUCATIONAL FOUNDATION INC.

Totals

Total revenue
$487,658
Total expenses
$421,927
Contributions and grants received
$244,031
Grants paid
$115,450
Program service revenue
$86,279
Investment income
$28,922
Other revenue
$128,426
Total assets, end of year
$1,439,237
Total liabilities, end of year
$36,185
Net assets or fund balances, end of year
$1,403,052
Program services expenses (Part IX)
$336,506
Management and general expenses
$80,833
Fundraising expenses
$4,588
Program service expenses (Part III)
$336,506

Program services were 79.8% 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

    $244,031

  • 1g · Noncash contributions included above

    $15,111

  • 2a · Program service revenue: SCHOOL CONTRACTS

    total $82,639 · related or exempt $82,639

  • 2b · Program service revenue: BOOKS AND CURRICULUM

    total $3,640 · related or exempt $3,640

  • 3 · Investment income

    total $28,922 · excluded $28,922

  • 8a · Fundraising events: gross income

    $227,175

  • 8b · Fundraising events: direct expenses

    $98,749

  • 8c · Net income from fundraising events

    total $128,426 · excluded $128,426

Functional expenses

Part IX, the statement of functional expenses.

  • 2 · Grants to domestic individuals

    total $115,450 · program services $115,450

  • 5 · Compensation of officers, directors and key employees

    total $118,045 · program services $88,534 · management and general $27,151 · fundraising $2,360

  • 7 · Other salaries and wages

    total $75,964 · program services $56,626 · management and general $17,311 · fundraising $2,027

  • 8 · Pension plan contributions

    total $138 · program services $103 · management and general $32 · fundraising $3

  • 9 · Other employee benefits

    total $786 · program services $589 · management and general $181 · fundraising $16

  • 10 · Payroll taxes

    total $9,091 · program services $6,818 · management and general $2,091 · fundraising $182

  • 11b · Fees: legal

    total $15 · management and general $15

  • 11c · Fees: accounting

    total $12,926 · management and general $12,926

  • 11f · Fees: investment management

    total $4,368 · management and general $4,368

  • 11g · Fees: other

    total $2,076 · program services $2,076

  • 13 · Office expenses

    total $11,164 · management and general $11,164

  • 16 · Occupancy

    total $20,142 · program services $15,072 · management and general $5,070

  • 19 · Conferences, conventions and meetings

    total $31,692 · program services $31,168 · management and general $524

  • 24a · Other expenses: PROSTART FACILITIES EXP

    total $20,070 · program services $20,070

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $492,265 · end of year $530,218

  • 3 · Pledges and grants receivable

    beginning of year $27,700 · end of year $22,929

  • 9 · Prepaid expenses and deferred charges

    beginning of year $4,393 · end of year $8,678

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

    $8,348

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

    $8,031

  • 10c · Land, buildings and equipment, net

    beginning of year $633 · end of year $317

  • 11 · Investments: publicly traded securities

    beginning of year $778,298 · end of year $877,095

  • 17 · Accounts payable and accrued expenses

    beginning of year $4,031 · end of year $7,850

  • 19 · Deferred revenue

    beginning of year $8,000 · end of year $10,500

  • 25 · Other liabilities

    beginning of year $13,070 · end of year $17,835

  • 27 · Net assets without donor restrictions

    beginning of year $865,905 · end of year $943,165

  • 28 · Net assets with donor restrictions

    beginning of year $412,283 · end of year $459,887

Mission and programs · 2023

Mission

TO BUILD THE FUTURE HOSPITALITY INDUSTRY THROUGH CAREER EXPLORATION, WORK FORCE DEVELOPMENT AND SCHOLARSHIPS.

  • TO PROVIDE SCHOLARSHIP ASSISTANCE AND TRAINING EXPERIENCES FOR WORTHY INDIVIDUALS WHO EVIDENCE AN INTEREST AND AMBITION TO STUDY OR TRAIN FOR A VOCATION IN FOOD HANDLING OR FOOD PROCESSING HOSPITALITY MANAGEMENT BUSINESS, AND TO INVESTIGATE AND DEVELOP IMPROVED FOOD PROGRAMS, SYSTEMS AND PROCEDURES FOR EMPLOYMENT OPPORTUNITIES IN THE FOOD SERVICE, FOOD HANDLING, FOOD PROCESSING AND HOSPITALITY MANAGEMENT BUSINESS.

    Expenses $102,500 · Grants $102,500

  • TO SOLICIT AND RECEIVE GIFTS, GRANTS AND CONTRIBUTIONS AND ESTABLISH, FUND AND MAINTAIN FINANCIAL ASSISTANCE PROGRAMS FOR THE BENEFIT OF NEEDY EMPLOYEES OF ILLINOIS RESTAURANTS WHICH HAVE BEEN OR WILL BE ADVERSELY AFFECTED BY A DISASTER OR SUFFER MEDICAL OR OTHER PERSONAL HARDSHIP.

    Expenses $12,950 · Grants $12,950

  • Expenses $221,056 · Revenue $86,279

As filed on the 2023 return.

Listed in Part VII

  • DOUG BRADLEY

    CHAIRMAN

    Total calculated
    $0
    Hours/week
    1

  • SAM TOIA

    2ND VICE CHAIRMAN

    Total calculated
    $466,091
    From this org
    $0
    From related orgs
    $446,609
    Other
    $19,482
    Hours/week
    3 + 60 related

    Schedule J breakdown matched by us

    Base
    $0 + $301,153 related
    Bonus
    $0 + $145,456 related
    Other
    $0
    Deferred
    $0 + $9,900 related
    Nontaxable benefits
    $0 + $9,582 related
    Filer's total
    $0 + $466,091 related

  • ADAM BARRONS

    CORPORATE SECRETARY

    Total calculated
    $0
    Hours/week
    1

  • ROCHELLE TROTTER

    1ST VICE CHAIRMAN

    Total calculated
    $0
    Hours/week
    1

  • BRYCE BURTON

    EXECUTIVE COMMITTEE

    Total calculated
    $0
    Hours/week
    1

  • ALICIA FEISTAMEL

    EXECUTIVE COMMITTEE

    Total calculated
    $0
    Hours/week
    1

  • WAYNE HILSTON

    TREASURER

    Total calculated
    $0
    Hours/week
    1

  • DEVEN RAND

    EXECUTIVE COMMITTEE

    Total calculated
    $0
    Hours/week
    1

  • DALEESIA UNDERWOOD

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • JULI O'FLAHERTY

    EXECUTIVE COMMITTEE

    Total calculated
    $0
    Hours/week
    1

  • VIVIANA RADENBAUGH

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • RAYVA MILES

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • ANTHONY TERLATO JR

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • TYLER BRUESEWITZ

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • MICHAEL GUINAN

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • JOEL REYNOLDS

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • DORIS TIMMEN

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • LEIGH UHLIR

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • GARY OBLIGACION

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • BRAD VANCIL

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • BRYON WILLIAMS

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • JESSICA LAMERS BLOMQUIST

    EXECUTIVE DIRECTOR

    Total calculated
    $118,047
    From this org
    $0
    From related orgs
    $115,972
    Other
    $2,075
    Hours/week
    40

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.

Provenance

Return type
form_990
Tax year
2023
Filed
20 August 2024
IRS schema version
2023v5.1
Source object
202442359349300349

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