Charlotte Area Hotel Association Inc
- Assets
- $38.4k
- Revenue
- $108.7k
- Investments
- $0.0
- Employees
- 0
- Location
- Charlotte, NC
- Founding
- 09/2003
- Data as of
- 05/2020
- EIN
- 02-0608357
Organization Overview
Charlotte Area Hotel Association Inc is located in Charlotte, NC. The organization was established in 2003. According to its NTEE Classification (S41) the organization is classified as: Chambers of Commerce & Business Leagues, under the broad grouping of Community Improvement & Capacity Building and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Charlotte Area Hotel Association Inc is a 501(c)(6) and as such, is described as a "Business League, Chambers of Commerce, or Real Estate Board" by the IRS.
For the year ending 05/2020, Charlotte Area Hotel Association Inc generated $108.7k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 4 years, the organization has seen revenues fall by an average of (18.9%) each year. All expenses for the organization totaled $105.6k during the year ending 05/2020. As we would expect to see with falling revenues, expenses have declined by (19.7%) per year over the past 4 years. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2020
Describe the Organization's Mission:
Part 3 - Line 1
THE MISSION IS TO SPEAK FOR AND REPRESENT THE CHARLOTTE REGIONAL CONVENTION AND MEETINGS HOTELS WITH A UNIFIED VOICE AND TO PROVIDE A FORUM AND NETWORK FOR THE EXCHANGE OF INFORMATION AND IDEAS; TO BE INFLUENTIAL IN LEADING THE DEVELOPMENT OF THE CONVENTION, MEETING AND TOURISM BUSINESS IN THE REGION; TO PARTNER WITH OTHER ORGANIZATIONS IN THAT DEVELOPMENT; AND TO ASSIST MEMBERS IN OPERATIONAL ISSUES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
DISCOUNT BUS PASS PROGRAM: CAHA BUYS BUS PASSES FROM THE CHARLOTTE TRANSIT SYSTEM IN BULK AT A 20% DISCOUNT AND THEN RESELLS THEM TO THE HOTELS WHO THEN RESELL THEM AT THE DISCOUNTED PRICE TO THEIR EMPLOYEES. THESE PASSES ARE GOOD FOR ALL LOCAL PUBLIC TRANSPORTATION. THE INDIVIDUAL HOTELS COULD NOT BUY AT THE DISCOUNTED RATE OF 20% BECAUSE OF QUANITITY RESTRICTIONS, BUT THROUGH CAHA THEY CAN GET THEM AT THE DICOUNTED RATE AND PASS THE SAVINGS ON TO THEIR EMPLOYEES. THIS HELPS THE EMPLOYEES AND THEIR FAMILIES, AND HELPS MOVE PEOPLE ONTO PUBLIC TRANSPORTATION. MORE THAN 1,000 EMPLOYEES BENEFIT FROM THIS PROGRAM EACH MONTH. THERE ARE NO ADD-ON FEES OR OTHER CHARGES AND THE PROGRAM GENERATES NO OPERATING REVENUE TO CAHA. IT IS A COMPLETE "PASS-THROUGH" OF THE 20% DISCOUNT TO THE EMPLOYEES.
MONTHLY MEETINGS: THE ASSOCIATION HOLDS MONTHLY MEETINGS DURING THE YEAR TO DISCUSS LOCAL ISSUES AND LISTEN TO INVITED GUESTS ON MANY DIFFERENT TOPICS AND SUBJECTS. LOCAL BUSINESS AND GOVERNMENT LEADERS ARE INVITED TO ATTEND THESE MEETINGS TO DIALOG WITH THE HOTELIERS ABOUT ISSUES OF MUTUAL CONCERN AND ENABLE THE CITY (AND THE HOTELS) TO CAPITALIZE ON THE OPPORTUNITIES TO BRING NEW BUSINESS TO THE AREA. MEMBER HOTELS HOST THESE MEETINGS, THERE IS NO CHARGE TO ATTEND THESE MEETINGS AND THEY GENERATE NO REVENUE TO THE ASSOCIATION. NETWORKING AND EXCHANGING INSIGHTS AND IDEAS ARE THE IMPORTANT ASPECTS OF THESE MEETINGS, AND SHARING SOLUTIONS TO MUTUAL PROBLEMS, AND CHALLENGES. THESE MEETINGS KEEP THE MEMBERS UP-TO-DATE AND CURRENT WITH WHAT'S GOING ON REGARDING TRAVEL AND TOURISM IN THE REGION.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Don Lockhart Past President | OfficerTrustee | 0 | $0 |
Peter Grills President | OfficerTrustee | 0 | $0 |
Eric Kohlenstein Secretary | OfficerTrustee | 0 | $0 |
Bill Bennett Treasurer | OfficerTrustee | 0 | $0 |
Vince Chelena Executive Director | Trustee | 20 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $23,100 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $900 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $108,742 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $90,194 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $10,000 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $3,500 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $130 |
| All other expenses | $0 |
| Total functional expenses | $105,631 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $7,019 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $31,416 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $38,435 |
| Accounts payable and accrued expenses | $900 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $300 |
| Other liabilities | $0 |
| Total liabilities | $1,200 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Total liabilities and net assets/fund balances | $37,235 |