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Nonprofiteer
← R I HOSPITALITY EDUCATION FOUNDATION

Form 990 for tax year 2022

Filed by R I HOSPITALITY EDUCATION FOUNDATION.

Totals

Total revenue
$157,398
Total expenses
$138,289
Contributions and grants received
$104,348
Grants paid
$0
Program service revenue
$52,677
Investment income
$373
Other revenue
$0
Total assets, end of year
$591,756
Total liabilities, end of year
$417,510
Net assets or fund balances, end of year
$174,246
Program services expenses (Part IX)
$102,858
Management and general expenses
$35,431
Fundraising expenses
$0
Program service expenses (Part III)
$102,858

Program services were 74.4% 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

    $104,348

  • 2a · Program service revenue: PROGRAM REVENUE

    total $35,238 · related or exempt $35,238

  • 2b · Program service revenue: MEMBER EDUCATION

    total $17,439 · related or exempt $17,439

  • 3 · Investment income

    total $373 · excluded $373

Functional expenses

Part IX, the statement of functional expenses.

  • 11c · Fees: accounting

    total $17,113 · management and general $17,113

  • 11g · Fees: other

    total $5,812 · program services $5,812

  • 13 · Office expenses

    total $9,764 · program services $8,788 · management and general $976

  • 16 · Occupancy

    total $4,086 · program services $3,677 · management and general $409

  • 17 · Travel

    total $6,170 · management and general $6,170

  • 19 · Conferences, conventions and meetings

    total $3,156 · program services $2,588 · management and general $568

  • 20 · Interest

    total $3,845 · program services $3,845

  • 23 · Insurance

    total $4,013 · program services $3,612 · management and general $401

  • 24a · Other expenses: LEASED ADMIN COST

    total $55,502 · program services $50,701 · management and general $4,801

  • 24b · Other expenses: EMPLOYEE RELIEF FUND

    total $13,000 · program services $13,000

  • 24c · Other expenses: EVENT EXPENSE

    total $10,126 · program services $8,303 · management and general $1,823

  • 24d · Other expenses: MISCELLANEOUS EXPENSE

    total $2,889 · management and general $2,889

  • 24e · All other expenses

    total $2,813 · program services $2,532 · management and general $281

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $259,469 · end of year $288,472

  • 2 · Savings and temporary cash investments

    beginning of year $165 · end of year $166

  • 4 · Accounts receivable

    beginning of year $375 · end of year $3,000

  • 9 · Prepaid expenses and deferred charges

    beginning of year $7,000 · end of year $294

  • 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 $97,120 · end of year $299,824

  • 17 · Accounts payable and accrued expenses

    beginning of year $184,088 · end of year $194,705

  • 24 · Unsecured notes and loans payable

    end of year $213,745

  • 25 · Other liabilities

    beginning of year $17,234 · end of year $9,060

  • 27 · Net assets without donor restrictions

    beginning of year $157,495 · end of year $91,184

  • 28 · Net assets with donor restrictions

    beginning of year $5,312 · end of year $83,062

Mission and programs · 2022

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.

    Expenses $102,858 · Revenue $52,677

As filed on the 2022 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • DAVID DEPETRILLO

    CHAIRMAN

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • SAMUEL GLYNN

    VICE CHAIRMAN

    Total calculated
    $0
    Hours/week
    1

  • JOANNA ARRIGHIE

    SECRETARY

    Total calculated
    $0
    Hours/week
    1

  • FRANK MARTUCCI

    TREASURER

    Total calculated
    $0
    Hours/week
    1

  • KRISTIN GENNUSO

    DIRECTOR (TO 7/22)

    Total calculated
    $0
    Hours/week
    1

  • LEE LEWIS

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • THOMAS RIEL

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • KARSTEN HART

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • ANGELA ARMENISE

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • FLOYD CRISP

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • ALAN CHILE

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • DAMIAN SANTORO

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • MELISSA VARAO

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • VINCENT CONSTABLE

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • SARAH SHIBLE

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • KAIT O'HARA

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • KIM PAQUETTE

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • MICHAEL SABITONI

    HONORARY

    Total calculated
    $0
    Hours/week
    1

  • RAY MCCUE

    EX-OFFICIO

    Total calculated
    $0
    Hours/week
    1

  • DALE VENTURINI

    PRESIDENT/CEO

    Total calculated
    $316,238
    From this org
    $0
    From related orgs
    $295,452
    Other
    $20,786
    Hours/week
    10 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $243,260 related
    Bonus
    $0 + $41,992 related
    Other
    $0 + $10,200 related
    Deferred
    $0 + $11,811 related
    Nontaxable benefits
    $0 + $8,975 related
    Filer's total
    $0 + $316,238 related

  • HEATHER SINGLETON

    CHIEF OPERATING OFFICER

    Total calculated
    $153,055
    From this org
    $0
    From related orgs
    $138,396
    Other
    $14,659
    Hours/week
    10 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $138,396 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0 + $5,600 related
    Nontaxable benefits
    $0 + $9,059 related
    Filer's total
    $0 + $153,055 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.

Provenance

Return type
form_990
Tax year
2022
Filed
15 November 2023
IRS schema version
2022v5.0
Source object
202343199349313829

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