Form 990 for tax year 2024

Revenue

Part VIII, the statement of revenue.

• 1f · All other contributions, gifts and grants

  $1,102,977

• 2a · Program service revenue: EDUCATION

  total $851,868 · related or exempt $851,868

• 2b · Program service revenue: DISASTER RELIEF FUND

  total $135,695 · related or exempt $135,695

• 2c · Program service revenue: SCHOLARSHIP INCOME

  total $4,000 · related or exempt $4,000

• 3 · Investment income

  total $64,960 · excluded $64,960

• 5 · Royalties

  total $113,348 · excluded $113,348

• 7a · Gross sales of assets other than inventory

  securities $61,127

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

  securities $49,377

• 7c · Gain or loss

  securities $11,750

• 7d · Net gain or loss

  total $11,750 · excluded $11,750

• 8a · Fundraising events: gross income

  $3,360

• 8b · Fundraising events: direct expenses

  $86,271

• 8c · Net income from fundraising events

  total -$82,911 · excluded -$82,911

• 10a · Gross sales of inventory

  $521,803

• 10b · Cost of goods sold

  $452,530

• 10c · Net income from sales of inventory

  total $69,273 · related or exempt $69,273

Functional expenses

Part IX, the statement of functional expenses.

• 1 · Grants to domestic organizations and governments

  total $1,350,388 · program services $1,350,388

• 2 · Grants to domestic individuals

  total $76,000 · program services $76,000

• 7 · Other salaries and wages

  total $130,716 · program services $130,716

• 8 · Pension plan contributions

  total $7,823 · program services $7,823

• 9 · Other employee benefits

  total $11,058 · program services $11,058

• 10 · Payroll taxes

  total $9,934 · program services $9,934

• 11a · Fees: management

  total $25,000 · program services $8,750 · management and general $16,250

• 11b · Fees: legal

  total $21,836 · management and general $21,836

• 11f · Fees: investment management

  total $10,005 · management and general $10,005

• 13 · Office expenses

  total $64,008 · program services $36,614 · management and general $27,394

• 14 · Information technology

  total $2,960 · management and general $2,960

• 16 · Occupancy

  total $5,528 · program services $3,264 · management and general $2,264

• 17 · Travel

  total $4,747 · management and general $4,747

• 22 · Depreciation, depletion and amortization

  total $239 · management and general $239

• 24a · Other expenses: TEAM COMPETITION

  total $166,903 · program services $166,903

• 24b · Other expenses: NATIONAL PRO-START EXAM

  total $120,409 · program services $120,409

• 24c · Other expenses: HTMP PROGRAM EXPENSES

  total $101,339 · program services $88,633 · management and general $12,706

• 24d · Other expenses: FULL IMPLEMENTATION

  total $75,600 · program services $75,600

• 24e · All other expenses

  total $78,307 · program services $16,937 · management and general $61,370

Balance sheet

Part X, book values.

• 2 · Savings and temporary cash investments

  beginning of year $1,098,354 · end of year $937,025

• 3 · Pledges and grants receivable

  beginning of year $183,364 · end of year $325,022

• 4 · Accounts receivable

  beginning of year $35,764 · end of year $56,944

• 8 · Inventories for sale or use

  beginning of year $19,392 · end of year $272

• 9 · Prepaid expenses and deferred charges

  beginning of year $4,000 · end of year $6,016

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

  $6,378

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

  $5,240

• 10c · Land, buildings and equipment, net

  beginning of year $1,377 · end of year $1,138

• 11 · Investments: publicly traded securities

  beginning of year $1,146,923 · end of year $1,250,995

• 17 · Accounts payable and accrued expenses

  beginning of year $8,986 · end of year $9,514

• 19 · Deferred revenue

  beginning of year $31,000 · end of year $12,750

• 21 · Escrow or custodial account liability

  beginning of year $34,618 · end of year $29,618

• 25 · Other liabilities

  beginning of year $26,911 · end of year $84,478

• 27 · Net assets without donor restrictions

  beginning of year $2,230,038 · end of year $2,242,861

• 28 · Net assets with donor restrictions

  beginning of year $157,621 · end of year $198,191

The filer's explanations (Part III)

PART I, LINE 1A

COMPENSATION IS PAID BY FLORIDA RESTAURANT AND LODGING, ASSOCIATION, INC. AS SUCH, FRLA SETS THE COMPENSATION POLICIES AND PROCEDURES, WHICH INCLUDE A COMPENSATION COMMITTEE, WRITTEN EMPLOYMENT AGREEMENT AND APPROVAL BY THE BOARD OR COMPENSATION COMMITTEE.