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← MASSACHUSETTS LODGING ASSOCIATIONS EDUCATIONAL FOUNDATION

Form 990 for tax year 2022

Filed by MASSACHUSETTS LODGING ASSOCIATIONS EDUCATIONAL FOUNDATION.

Totals

Total revenue
$23,504
Total expenses
$25,336
Contributions and grants received
$23,500
Grants paid
$0
Program service revenue
$0
Investment income
$4
Other revenue
$0
Total assets, end of year
$42,597
Total liabilities, end of year
$39,139
Net assets or fund balances, end of year
$3,458
Program services expenses (Part IX)
$11,876
Management and general expenses
$13,460
Fundraising expenses
$0
Program service expenses (Part III)
$11,876

Program services were 46.9% 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

    $23,500

  • 3 · Investment income

    total $4 · excluded $4

Functional expenses

Part IX, the statement of functional expenses.

  • 11c · Fees: accounting

    total $11,500 · management and general $11,500

  • 13 · Office expenses

    total $475 · management and general $475

  • 16 · Occupancy

    total $4,750 · program services $4,750

  • 23 · Insurance

    total $932 · program services $932

  • 24a · Other expenses: OVERHEAD CHARGES

    total $6,194 · program services $6,194

  • 24b · Other expenses: TELEPHONE

    total $1,485 · management and general $1,485

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $8,401 · end of year $4,726

  • 2 · Savings and temporary cash investments

    beginning of year $41,390 · end of year $37,871

  • 17 · Accounts payable and accrued expenses

    beginning of year $40,981 · end of year $39,139

  • 27 · Net assets without donor restrictions

    beginning of year -$3,365 · end of year -$8,717

  • 28 · Net assets with donor restrictions

    beginning of year $12,175 · end of year $12,175

Mission and programs · 2022

Mission

THE FOUNDATION PROVIDES REGIONAL STUDENTS WITH THE OPPORTUNITY FOR SPECIALIZED EDUCATION IN THE HOTEL, MOTEL AND HOSPITALITY INDUSTRIES.

  • HOSPITALITY INDUSTRY COURSES IN SUBJECTS RELATED TO THE HOSPITALITY INDUSTRY AND SCHOLARSHIPS TO STUDENTS.

    Expenses $11,876

As filed on the 2022 return.

Listed in Part VII

  • Christine Hagopian

    DIRECTOR

    Total calculated
    $0

  • John Murtha

    DIRECTOR

    Total calculated
    $0

  • Paul Sacco

    PRESIDENT/CE

    Total calculated
    $0

  • Adam Sperling

    SECRETARY/TR

    Total calculated
    $0

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.

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
2022
Filed
27 July 2023
IRS schema version
2022v5.0
Source object
202312239349301636

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