R I Hospitality Education Foundation
- Assets
- $279.3k
- Revenue
- $603.3k
- Investments
- $0.0
- Employees
- 0
- Location
- Cranston, RI
- Founding
- 06/1995
- Data as of
- 12/2020
- EIN
- 05-0479089
Organization Overview
R I Hospitality Education Foundation is located in Cranston, RI. The organization was established in 1995. According to its NTEE Classification (J22) the organization is classified as: Job Training, under the broad grouping of Employment and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. R I Hospitality 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 12/2020, R I Hospitality Education Foundation generated $603.3k in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 9.1% each year. All expenses for the organization totaled $582.9k during the year ending 12/2020. While expenses have increased by 7.9% 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 ENCOURAGE PERSONS EMBARKING ON A CAREER IN THE FOOD SERVICE INDUSTRY. ALSO PROMOTE EDUCATION OF THE INDUSTRY TO THE GENERAL PUBLIC.
Describe the Organization's Program Activity:
Part 3 - Line 4a
ENCOURAGING INDIVIDUALS EMBARKING ON A CAREER IN THE FOOD SERVICE INDUSTRY IN RHODE ISLAND AND PROMOTING EDUCATION AND UNDERSTANDING OF THE INDUSTRY TO THE GENERAL PUBLIC.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Robert Ayers Vice Chairman | OfficerTrustee | 1 | $0 |
Joanna Arrighie Secretary | OfficerTrustee | 1 | $0 |
Michael Vuolo Treasurer | OfficerTrustee | 1 | $0 |
David Depetrillo Chairman | OfficerTrustee | 1 | $0 |
Heather Singleton Chief Operating Officer | Officer | 10 | $0 |
Dale Venturini President/ceo | Officer | 10 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $15,000 |
| All other contributions, gifts, grants, and similar amounts not included above | $474,655 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $489,655 |
| Total Program Service Revenue | $112,689 |
| Investment income | $994 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $603,338 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $393,840 |
| Grants and other assistance to domestic individuals. | $56,160 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $17,323 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $2,474 |
| Payroll taxes | $1,614 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $16,800 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $909 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $9,107 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $8,582 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $3,176 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $731 |
| Insurance | $1,620 |
| All other expenses | $0 |
| Total functional expenses | $582,919 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $160,732 |
| Savings and temporary cash investments | $165 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| 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 |
| Net Land, buildings, and equipment | $146 |
| Investments—publicly traded securities | $88,270 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $29,990 |
| Total assets | $279,303 |
| Accounts payable and accrued expenses | $137,937 |
| 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 | $0 |
| Total liabilities | $137,937 |
| Net assets without donor restrictions | $125,054 |
| Net assets with donor restrictions | $16,312 |
| 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 | $279,303 |
Grants Awarded
Over the last fiscal year, R I Hospitality Education Foundation has awarded $75,000 in support to 11 organizations.
| Grant Recipient | Amount |
|---|---|
Cranston, RI PURPOSE: TAKE IT OUTSIDE GRANT | $20,000 |
PASTA BEACH WAYLAND SQUARE LLC PURPOSE: TAKE IT OUTSIDE GRANT | $10,000 |
KABOB & CURRY PURPOSE: TAKE IT OUSTIDE GRANT | $5,000 |
FAIRFIELD INN BY MARRIOTT PURPOSE: TAKE IT OUTSIDE GRANT | $5,000 |
THOSE CRAZY KIDS DBA GULF STREAM BAR AND GRILLE PURPOSE: TAKE IT OUTSIDE GRANT | $5,000 |
NEWPORT TIMES RESORT INC PURPOSE: TAKE IT OUTSIDE GRANT | $5,000 |
Grants Recieved
Over the last fiscal year, we have identified 3 grants that R I Hospitality Education Foundation has recieved totaling $44,487.
| Awarding Organization | Amount |
|---|---|
The National Restaurant Association Educational Foundation Washington, DC PURPOSE: ProStart Program | $34,473 |
Amica Companies Foundation Lincoln, RI PURPOSE: GENERAL PURPOSE | $10,000 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $14 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Cw Resources Inc New Britain, CT | $72,075,898 | $102,860,890 |
North Atlantic States Carpenters Training Fund Millbury, MA | $72,466,434 | $22,130,164 |
Groundtruth Project Inc Boston, MA | $12,977,835 | $12,726,930 |
Skills For Rhode Islands Future Providence, RI | $3,601,484 | $11,174,331 |
Liuna Training And Education Fund Pomfret Center, CT | $19,387,955 | $9,381,853 |
Joint Apprenticeship And Training Trust Fund Local 103 Ibew Boston, MA | $13,179,581 | $8,861,151 |
National Automatic Sprinkler Industry Apprentice And Training New Milford, CT | $8,318,559 | $7,669,959 |
Center For Women & Enterprises Inc Boston, MA | $1,190,751 | $4,605,541 |
Hoisting & Portable Engineers Local No 4 Apprenticeship & Training Fnd Canton, MA | $8,832,377 | $4,420,891 |
Finishing Trades Institute Of New England Roslindale, MA | $13,310,120 | $5,877,455 |
Greater Boston Manufacturing Partnership Inc Plymouth, MA | $1,527,539 | $3,021,530 |
I B E W Local 42 O S H E Trust Fund East Windsor, CT | $12,268,359 | $3,885,464 |