Hospitality Sales And Marketing Association International Inc
- Assets
- $1.1m
- Revenue
- $3.1m
- Investments
- $0.0
- Employees
- 0
- Location
- Mclean, VA
- Founding
- 07/1943
- Data as of
- 12/2021
- EIN
- 21-0653201
Organization Overview
Hospitality Sales And Marketing Association International Inc is located in Mclean, VA. The organization was established in 1943. According to its NTEE Classification (S20) the organization is classified as: Community & Neighborhood Development, under the broad grouping of Community Improvement & Capacity Building and related organizations. This organization is the central organization for a national or regional group of organizations. Hospitality Sales And Marketing Association International 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 12/2021, Hospitality Sales And Marketing Association International Inc generated $3.1m in total revenue. The organization has seen a slow decline revenue. Over the past 7 years, revenues have fallen by an average of (3.0%) each year. All expenses for the organization totaled $2.8m during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (4.1%) per year over the past 7 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
TO BE THE LEADING SOURCE FOR SALES AND MARKETING INFORMATION, KNOWLEDGE, BUSINESS DEVELOPMENT, AND NETWORKING FOR PROFESSIONALS IN TOURISM, TRAVEL, AND HOSPITALITY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
MEETINGS AND SEMINARS -- HSMAI OFFERS EDUCATIONAL OPPORTUNITIES FOR ALL LEVELS OF SALES AND MARKETING PROFESSIONALS THROUGH PROGRAMS SPONSORED BY THE INDIVIDUAL CHAPTERS. THESE PROGRAMS RANGE FROM NETWORKING AND PANEL DISCUSSIONS ON BUSINESS TRENDS AT THE LOCAL LEVEL TO CONFERENCES AND SEMINARS THAT TOUCH ON INTERNATIONAL TRAVEL AND HOSPITALITY ISSUES.
MEMBER SERVICES -- HSMAI IS A TREMENDOUS RESOURCE FOR MEMBERS, OFFERING INFORMATION TO KEEP HOSPITALITY PROFESSIONALS ABREAST OF THE LATEST INDUSTRY NEWS AND TRENDS. HSMAI ALSO OFFERS THE CERTIFIED HOSPITALITY MARKETING EXECUTIVE (CHME) CERTIFICATION, AND MAKES AVAILABLE TO MEMBERS A RANGE OF EDUCATIONAL AND MARKETING MATERIALS.
COMMUNICATIONS -- HSMAI PRODUCES A SERIES OF TARGETED NEWSLETTERS TO BRING INFORMATION TO ALL MEMBERS ON A TIMELY BASIS, INCLUDING NEWS ON SUCCESSFUL CHAPTER PROGRAMS, HSAMI NATIONAL AND INTERNATIONAL EVENTS, AND INSIGHTS ON INDUSTRY TRENDS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Marina Macdonald Chair | OfficerTrustee | 2 | $0 |
Andrew Rubinacci Secretary Tr | OfficerTrustee | 2 | $0 |
John Washko Vice Chair | OfficerTrustee | 2 | $0 |
Robert A Gilbert President | Officer | 40 | $0 |
Chris Anderson Director | Trustee | 2 | $0 |
Brian Berry Director | Trustee | 2 | $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 | $3,108,631 |
| Investment income | $3,222 |
| 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 | $3,114,653 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| 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. | $0 |
| 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 | $1,598,538 |
| Fees for services: Legal | $2,034 |
| Fees for services: Accounting | $17,947 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $4,921 |
| Advertising and promotion | $55,195 |
| Office expenses | $9,049 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $3,804 |
| Travel | $4,251 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $539,949 |
| Interest | $1,023 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $34,941 |
| Insurance | $2,957 |
| All other expenses | -$8,499 |
| Total functional expenses | $2,785,709 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $228,550 |
| Savings and temporary cash investments | $844,249 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $343 |
| 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 | $3,237 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $17,470 |
| Other assets | $2,963 |
| Total assets | $1,096,812 |
| Accounts payable and accrued expenses | $240,856 |
| Grants payable | $0 |
| Deferred revenue | $509,685 |
| 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 | $51,300 |
| Other liabilities | $36,889 |
| Total liabilities | $838,730 |
| Net assets without donor restrictions | $258,082 |
| 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 | $1,096,812 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Kentucky River Foothills Development Council Inc Richmond, KY | $12,381,295 | $19,871,173 |
Community Action Of Southern Kentucky Incorporated Bowling Green, KY | $10,381,389 | $18,999,181 |
Northern Kentucky Community Action Commisson Inc Covington, KY | $8,823,439 | $18,121,235 |
Garrett County Maryland Community Action Committee Inc Oakland, MD | $23,823,939 | $14,024,119 |
Strong City Baltimore Baltimore, MD | $3,607,626 | $14,803,870 |
Visit Baltimore Inc Baltimore, MD | $13,591,522 | $23,022,151 |
Mountainheart Community Servces Inc Oceana, WV | $5,735,709 | $13,660,570 |
Allegany County Human Resources Development Commission Inc Cumberland, MD | $11,830,782 | $13,688,639 |
Coastal Community Action Inc Newport, NC | $6,264,251 | $13,623,681 |
Fusion Partnerships Inc Baltimore, MD | $7,468,833 | $16,079,107 |
Neighborhood Preservation Inc Memphis, TN | $5,226,571 | $6,441,182 |
Coalfield Community Action Partnership Inc Williamson, WV | $5,496,204 | $10,777,426 |