R I Hospitality Association
- Assets
- $1.4m
- Revenue
- $1.5m
- Investments
- $368.9k
- Employees
- 12
- Location
- Cranston, RI
- Founding
- 11/1983
- Data as of
- 12/2020
- EIN
- 05-0399474
Organization Overview
R I Hospitality Association is located in Cranston, RI. The organization was established in 1983. According to its NTEE Classification (L40) the organization is classified as: Temporary Housing, under the broad grouping of Housing & Shelter and related organizations. As of 12/2020, R I Hospitality Association employed 12 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. R I Hospitality Association 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 12/2020, R I Hospitality Association generated $1.5m in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 15.7% each year . All expenses for the organization totaled $1.4m during the year ending 12/2020. While expenses have increased by 14.0% per year over the past 6 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
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2020
Describe the Organization's Mission:
Part 3 - Line 1
TO DEVELOP AND PROVIDE PROGRAMS, SERVICES AND SUPPORT TO MEMBERS BY PROTECTING THEIR INTERESTS, PROMOTING INDUSTRY PARTNERSHIPS, AND PROVIDING EDUCATION AND LEADERSHIP SUCH THAT MEMBERS RECEIVE A DEFINABLE RETURN ON THEIR INVESTMENT.
Describe the Organization's Program Activity:
Part 3 - Line 4a
RIHA REPRESENTS OVER 700 FOODSERVICE, HOTELS, VENDORS AND HOSPITALITY MEMBERS IN THE STATE OF RHODE ISLAND AND HAS BEEN THE VOICE OF THE HOSPITALITY AND FOODSERVICE INDUSTRIES IN THE STATE SINCE 1963. EACH YEAR, RIHA HOSTS AN IMPRESSIVE LIST OF EVENTS, MEETINGS, SEMINARS, TRAINING & EDUCATION CLASSES, AND WEBSITE COMMUNICATIONS TARGETING THE HOSPITALITY INDUSTRY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Dale Venturini President/ceo | Officer | 40 | $283,462 |
Heather Singleton Chief Operating Officer | Officer | 40 | $115,968 |
William Kitsilis 1st Vice Chairman | OfficerTrustee | 1 | $0 |
Farouk Rajab Chairman | OfficerTrustee | 1 | $0 |
Ellen Slattery Treasurer | OfficerTrustee | 1 | $0 |
David Smiley Secretary | OfficerTrustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $1,484,126 |
| Investment income | $8,774 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $90 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,492,990 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $368,296 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $422,611 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $152,690 |
| Pension plan accruals and contributions | $6,419 |
| Other employee benefits | $44,231 |
| Payroll taxes | $56,557 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $25,833 |
| Fees for services: Accounting | $36,807 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $5,467 |
| Fees for services: Other | $4,000 |
| Advertising and promotion | $21,038 |
| Office expenses | $29,623 |
| Information technology | $16,782 |
| Royalties | $0 |
| Occupancy | $28,252 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $8,365 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $10,452 |
| Insurance | $12,415 |
| All other expenses | $0 |
| Total functional expenses | $1,356,385 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $597,027 |
| Savings and temporary cash investments | $64,859 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $147,789 |
| 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 | $18,379 |
| Net Land, buildings, and equipment | $25,405 |
| Investments—publicly traded securities | $166,657 |
| Investments—other securities | $368,889 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $1,389,005 |
| Accounts payable and accrued expenses | $239,059 |
| 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 | $0 |
| Other liabilities | $29,990 |
| Total liabilities | $269,049 |
| Net assets without donor restrictions | $1,101,341 |
| Net assets with donor restrictions | $18,615 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $1,389,005 |
Grants Awarded
Over the last fiscal year, R I Hospitality Association has awarded $60,000 in support to 12 organizations.
| Grant Recipient | Amount |
|---|---|
BAY FOODS CO LLC PURPOSE: TAKE IT OUTSIDE GRANT | $5,000 |
HILL & HARBOR CIGAR LOUNGE PURPOSE: TAKE IT OUTSIDE GRANT | $5,000 |
UNCLE TONY'S PIZZA & PASTA EAST PROVIDENCE PURPOSE: TAKE IT OUTSIDE GRANT | $5,000 |
RICHARD'S PUB PURPOSE: TAKE IT OUTSIDE GRANT | $5,000 |
MILLER'S CROSSING PURPOSE: TAKE IT OUTSIDE GRANT | $5,000 |
DIEGO'S MIDDLETOWN PURPOSE: TAKE IT OUTSIDE GRANT | $5,000 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that R I Hospitality Association has recieved totaling $40,000.
| Awarding Organization | Amount |
|---|---|
National Restaurant Association Washington, DC PURPOSE: Advocacy | $40,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Heading Home Inc Boston, MA | $19,604,535 | $21,349,930 |
Mutual Housing Association Of South Central Connecticut Inc New Haven, CT | $47,838,595 | $8,401,880 |
Kids In Crisis Inc Cos Cob, CT | $14,979,065 | $5,843,173 |
Mission E4 Inc Hubbardston, MA | $4,251,068 | $4,162,728 |
Homes With Hope Inc Westport, CT | $5,182,500 | $3,447,647 |
Providence Ministries For The Needy Inc Holyoke, MA | $996,921 | $1,849,889 |
Bowdoin Manor Housing Inc Boston, MA | $8,217,374 | $1,802,793 |
Malta House Inc Norwalk, CT | $6,386,416 | $1,271,964 |
R I Hospitality Association Cranston, RI | $1,389,005 | $1,492,990 |
Bethsaida Community Inc Norwich, CT | $0 | $9,342 |
Galilee Mission To Fishermen Inc Narragansett, RI | $1,691,220 | $1,166,139 |
St Vincent Depaul Mission Of Bristol Inc Bristol, CT | $1,709,062 | $1,046,600 |