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← MASSACHUSETTS LODGING ASSOCIATIONS EDUCATIONAL FOUNDATION

Form 990 for tax year 2024

Filed by MASSACHUSETTS LODGING ASSOCIATIONS EDUCATIONAL FOUNDATION.

Totals

Total revenue
$79,439
Total expenses
$12,594
Contributions and grants received
$73,519
Grants paid
$0
Program service revenue
$0
Investment income
$3,048
Other revenue
$2,872
Total assets, end of year
$101,459
Total liabilities, end of year
$20,498
Net assets or fund balances, end of year
$80,961
Program services expenses (Part IX)
$377
Management and general expenses
$12,217
Fundraising expenses
$0
Program service expenses (Part III)
$377

Program services were 3.0% 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

    $73,519

  • 3 · Investment income

    total $254 · excluded $254

  • 7a · Gross sales of assets other than inventory

    other assets $2,794

  • 7c · Gain or loss

    other assets $2,794

  • 7d · Net gain or loss

    total $2,794 · related or exempt $2,794

  • 11a · Other revenue: OTHER INCOME

    total $2,872 · related or exempt $2,872

  • 11e · Other revenue, total

    $2,872

Functional expenses

Part IX, the statement of functional expenses.

  • 11c · Fees: accounting

    total $7,200 · management and general $7,200

  • 13 · Office expenses

    total $5,017 · management and general $5,017

  • 24a · Other expenses: CREDIT CARD FEES

    total $377 · program services $377

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $22,525 · end of year $52,074

  • 2 · Savings and temporary cash investments

    beginning of year $45,643 · end of year $49,385

  • 17 · Accounts payable and accrued expenses

    beginning of year $54,748 · end of year $20,498

  • 27 · Net assets without donor restrictions

    beginning of year -$18,755 · end of year $17,973

  • 28 · Net assets with donor restrictions

    beginning of year $32,175 · end of year $62,988

Mission and programs · 2024

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 $377

As filed on the 2024 return.

Listed in Part VII

  • Christine Hagopian

    DIRECTOR

    Total calculated
    $0

  • John Murtha

    DIRECTOR

    Total calculated
    $0

  • Christine Pappas

    PRESIDENT

    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
2024
Filed
3 November 2025
IRS schema version
2024v5.0
Source object
202523109349302572

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