Hospitality Maine Education Foundation
- Assets
- $314.0k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Augusta, ME
- Founding
- 04/1987
- Data as of
- 12/2021
- EIN
- 01-0421242
Organization Overview
Hospitality Maine Education Foundation is located in Augusta, ME. The organization was established in 1987. According to its NTEE Classification (Z99) the organization is classified as: Unknown, under the broad grouping of Unknown and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Hospitality Maine Education Foundation is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2021, Hospitality Maine Education Foundation generated $97.4k in total revenue. This organization has experienced exceptional growth, as over the past 3 years, it has increased revenue by an average of 15.5% each year . All expenses for the organization totaled $136.9k during the year ending 12/2021. While expenses have increased by 16.6% per year over the past 3 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2021
Describe the Organization's Program Activity:
Part 3
EDUCATION SCHOLARSHIPS AWARDED TO STUDENTS PURSUING CAREERS IN THE HOSPITALITY INDUSTRY.
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Bob Smith Director | 0.3 | $0 | |
Jean Ginn-Marvin Director | 0.3 | $0 | |
Lee Speronis Director | 0.3 | $0 | |
David Turin Chair | 0.3 | $0 | |
Michael Briggs Director | 0.3 | $0 | |
Maureen Lasalle Vice Chair | 0.3 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $75,862 |
| Total Program Service Revenue | $0 |
| Membership dues | $0 |
| Investment income | $5,202 |
| Gain or Loss | $16,318 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $97,382 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $60,367 |
| Professional fees and other payments to independent contractors | $0 |
| Occupancy, rent, utilities, and maintenance | $0 |
| Printing, publications, postage, and shipping | $0 |
| Other expenses | $40,510 |
| Total expenses | $136,877 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $314,009 |
| Other assets | $0 |
| Total assets | $314,009 |
| Total liabilities | $0 |
| Net assets or fund balances | $314,009 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Hospitality Maine Education Foundation has recieved totaling $52,737.
| Awarding Organization | Amount |
|---|---|
The National Restaurant Association Educational Foundation Washington, DC PURPOSE: ProStart Program | $32,737 |
The National Restaurant Association Educational Foundation Washington, DC PURPOSE: Restaurant Ready Program | $20,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Southern Maine Planning And Development Commission Saco, ME | $7,392,568 | $43,559,874 |
Birch Bay Retirement Village Bar Harbor, ME | $6,319,891 | $5,713,301 |
Mid Coast Hunger Prevention Program Inc Brunswick, ME | $3,968,249 | $4,595,930 |
Onion Foundation Wayne, ME | $0 | $6,147,695 |
Home Health Care And Community Services Inc Keene, NH | $19,374,838 | $5,076,272 |
National Partnership For Environmental Technology Education South Portland, ME | $643,333 | $2,940,774 |
Plowshare Farm Inc Greenfield, NH | $6,398,748 | $2,051,436 |
Androscoggin Valley Home Care Services Berlin, NH | $661,119 | $984,451 |
Maine Center For Enterprise Development Portland, ME | $380,716 | $1,053,182 |
New Hampshire Alcohol And Drug Abuse Counselors Association Concord, NH | $217,356 | $700,557 |
Salt Pond Community Broadcasting Company East Orland, ME | $732,028 | $749,368 |
New Hampshire East Youth Hockey Exeter, NH | $419,438 | $399,540 |