New Jersey Restaurant Association Inc
- Assets
- $877.5k
- Revenue
- $789.0k
- Investments
- $0.0
- Employees
- 8
- Location
- Trenton, NJ
- Founding
- 09/1949
- Data as of
- 12/2020
- EIN
- 22-1153767
Organization Overview
New Jersey Restaurant Association Inc, operating under the name NJ Restaurant and Hospitality Assoc, is located in Trenton, NJ. The organization was established in 1949. According to its NTEE Classification (N01) the organization is classified as: Alliances & Advocacy, under the broad grouping of Recreation & Sports and related organizations. As of 12/2020, NJ Restaurant and Hospitality Assoc employed 8 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. NJ Restaurant and Hospitality Assoc 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, NJ Restaurant and Hospitality Assoc generated $789.0k in total revenue. The organization has seen a slow decline revenue. Over the past 6 years, revenues have fallen by an average of (0.1%) each year. All expenses for the organization totaled $839.9k during the year ending 12/2020. 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 ORGANIZATION HAS BEEN A RESOURCE FOR THE FOODSERVICE & HOSPITALITY INDUSTRIES SINCE 1947. SUPPORT, ADVOCACY AND EDUCATION ARE PART OF OUR RECIPE FOR SUCCESS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
OUR THREE MAIN GOALS ARE TO SUPPORT, EDUCATE, AND ADVOCATE. (SEE SCHEDULE O FOR DETAILS).
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Marilou Halvorsen President (term 12/2020) | OfficerTrustee | 40 | $156,750 |
Bhavesh Patel Chairman, Director | OfficerTrustee | 3 | $0 |
Robert Wagner Vice Chairman, Director | OfficerTrustee | 3 | $0 |
Anthony Bucco Treasurer, Director | OfficerTrustee | 3 | $0 |
Jack Morrison Director | Trustee | 1 | $0 |
Paul Dillon Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $18,000 |
| All other contributions, gifts, grants, and similar amounts not included above | $84,000 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $102,000 |
| Total Program Service Revenue | $684,587 |
| Investment income | $765 |
| 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 | $788,957 |
| 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. | $190,238 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $268,129 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $24,098 |
| Payroll taxes | $38,280 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $30,498 |
| Fees for services: Accounting | $49,133 |
| Fees for services: Lobbying | $39,097 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $22,125 |
| Advertising and promotion | $1,356 |
| Office expenses | $48,590 |
| Information technology | $13,007 |
| Royalties | $0 |
| Occupancy | $45,452 |
| Travel | $12,868 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $1,033 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $17,712 |
| Insurance | $12,446 |
| All other expenses | $25,812 |
| Total functional expenses | $839,874 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $17,826 |
| Savings and temporary cash investments | $309,349 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $28,861 |
| 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 | $7,701 |
| Net Land, buildings, and equipment | $392,977 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $120,763 |
| Total assets | $877,477 |
| Accounts payable and accrued expenses | $48,643 |
| Grants payable | $0 |
| Deferred revenue | $30,000 |
| 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 | $150,000 |
| Other liabilities | $0 |
| Total liabilities | $228,643 |
| Net assets without donor restrictions | $648,834 |
| 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 | $877,477 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that New Jersey Restaurant Association Inc has recieved totaling $40,000.
| Awarding Organization | Amount |
|---|---|
National Restaurant Association Washington, DC PURPOSE: Advocacy | $40,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Metropolitan Golf Association Inc Elmsford, NY | $7,780,484 | $5,908,459 |
Golf Association Of Philadelphia Broomall, PA | $1,548,491 | $3,722,526 |
New Jersey State Golf Association Kenilworth, NJ | $1,801,102 | $2,408,333 |
Bicycle Coalition Of Greater Philadelphia Philadelphia, PA | $1,484,866 | $1,681,083 |
Athlete Ally Inc New York, NY | $1,882,363 | $1,372,984 |
New Jersey Restaurant Association Inc Trenton, NJ | $877,477 | $788,957 |
Fathers Day Mothers Day Council Inc Long Island City, NY | $1,399,660 | $1,030,737 |
International Association Of Approved Basketball Officials Inc Carlisle, PA | $1,144,503 | $703,841 |
Cliffside Park Hallof Fame Cliffside Park, NJ | $74,873 | $562,970 |
Flexographic Technical Association Inc Bohemia, NY | $2,654,896 | $666,931 |
Committee For Responsible Gov Haddonfield, NJ | $82,975 | $95,357 |
Safari Club International Quakertown, PA | $146,782 | $295,169 |