Htng Illinois
- Assets
- $0.0
- Revenue
- $1.1m
- Investments
- $0.0
- Employees
- 9
- Location
- Washington, DC
- Founding
- 01/2007
- Data as of
- 06/2021
- EIN
- 20-5787093
Organization Overview
Htng Illinois, operating under the name Hospitality Technology Next Generation, is located in Washington, DC. The organization was established in 2007. 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. As of 06/2021, Hospitality Technology Next Generation employed 9 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Hospitality Technology Next Generation 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 06/2021, Hospitality Technology Next Generation generated $1.1m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 6 years, the organization has seen revenues fall by an average of (12.8%) each year. All expenses for the organization totaled $1.8m during the year ending 06/2021. As we would expect to see with falling revenues, expenses have declined by (5.0%) per year over the past 6 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
TRADE ASSOCIATION
Describe the Organization's Program Activity:
Part 3 - Line 4a
FOSTERED DEVELOPMENT OF INTEROPERABILITY AMONG SYSTEMS USED BY HOSPITALITY COMPANIES THROUGH MEETINGS, CONFERENCES, AND EXHIBITION DEMONSTRATIONS OF AND BY 12 WORKING GROUPS CONSISTING OF HOSPITALITY COMPANIES AND TECHNOLOGY VENDORS.DEVELOPED OUTREACH PROGRAM TO ASSIST MEMBERS IN SPECIFYING RELEVANT STANDARDS WHEN PREPARING REQUESTS FOR PROPOSALS FOR TECHNOLOGY PRODUCTS AND SERVICES.DURING THE YEAR ENDED JUNE 30, 2021, THE ORGANIZATION ENTERED INTO A "PLAN AND AGREEMENT OF MERGER" WITH AMERICAN HOTEL & LODGING ASSOCIATION (AHLA), AN INDEPENDENT AND SEPARATELY INCORPORATED 501(C)(6) TRADE ASSOCIATION OFFERING SIMILAR AND COMPLEMENTARY BENEFITS TO ITS MEMBERSHIP. THE ORGANIZATION DISCONTINUED OPERATIONS AS A SEPARATE ENTITY IN MAY 2021.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Wendy Mertz Vice Pres. & Director | OfficerTrustee | 2 | $0 |
Monika Nerger Director | Trustee | 1 | $0 |
Floor Bleeker President & Director | OfficerTrustee | 2 | $0 |
Mark Rupert Read Secretary & Director | OfficerTrustee | 2 | $0 |
Gustaaf Burman Director | Trustee | 1 | $0 |
Jason Shane Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $768,070 |
| 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 | $768,070 |
| Total Program Service Revenue | $342,697 |
| Investment income | $186 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $15,040 |
| 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 | $1,127,411 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $644,908 |
| 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. | $504,103 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $347,986 |
| Pension plan accruals and contributions | $15,985 |
| Other employee benefits | $21,098 |
| Payroll taxes | $7,074 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $36,772 |
| Fees for services: Accounting | $5,408 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $20,444 |
| Advertising and promotion | $21,334 |
| Office expenses | $27,837 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $42,483 |
| Travel | $415 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $1,188 |
| Interest | $2,758 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $6,994 |
| All other expenses | $523 |
| Total functional expenses | $1,755,039 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $0 |
| 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 | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $0 |
| Accounts payable and accrued expenses | $0 |
| 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 | $0 |
| 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 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $0 |