Central Florida Hotel & Lodging Association Foundation Inc
- Assets
- $177.1k
- Revenue
- $265.3k
- Investments
- $0.0
- Employees
- 0
- Location
- Orlando, FL
- Founding
- 07/2017
- Data as of
- 12/2023
- EIN
- 26-4207486
Organization Overview
Central Florida Hotel & Lodging Association Foundation Inc is located in Orlando, FL. The organization was established in 2017. According to its NTEE Classification (T21) the organization is classified as: Corporate Foundations, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Central Florida Hotel & Lodging Association Foundation Inc 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 12/2023, Central Florida Hotel & Lodging Association Foundation Inc generated $265.3k in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 9.6% each year. All expenses for the organization totaled $262.9k during the year ending 12/2023. While expenses have increased by 4.5% per year over the past 8 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.
Since 2016, Central Florida Hotel & Lodging Association Foundation Inc has awarded 41 individual grants totaling $572,956. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
TO ENRICH AN ENVIRONMENT WHERE THE HOSPITALITY COMMUNITY IN CENTRAL FLORIDA CAN GROW AND THRIVE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
GRANTS WERE MADE TO MULTIPLE ORGANIZATIONS AND INDIVIDUALS TO ENRICH THE HOSPITALITY COMMUNITY IN CENTRAL FLORIDA AND ADVANCE HOSPITALITY AND TOURISM INITIATIVES, YOUTH RELATED CAUSES AND COMMUNITY ADVOCACY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Sonja Giselbrecht Chair | Trustee | 1 | $0 |
John Mccracken Vice-Chair | Trustee | 1 | $0 |
Fred Sawyers Secretary | Trustee | 1 | $0 |
Brian Comes Treasurer | Trustee | 1 | $0 |
Dennis Bement Director | Trustee | 1 | $0 |
Ron Caimano Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $215,339 |
| Related organizations | $50,000 |
| 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 | $265,339 |
| Total Program Service Revenue | $0 |
| Investment income | $0 |
| 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 | $265,339 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $108,977 |
| Grants and other assistance to domestic individuals. | $124,000 |
| 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 | $0 |
| Fees for services: Legal | $7,800 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $13,905 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $262,911 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $177,057 |
| 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 | $177,057 |
| 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 | $177,057 |
| 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 | $177,057 |
Grants Awarded
Over the last fiscal year, Central Florida Hotel & Lodging Association Foundation Inc has awarded $74,900 in support to 4 organizations.
| Grant Recipient | Amount |
|---|---|
DR PHILLIPS CENTER FOR THE PERFORMING ARTS PURPOSE: SUPPORT FOR THE COFFEE BAR NAMING RIGHTS | $25,000 |
ORANGE COUNTY PUBLIC SCHOOLS FOUNDATION PURPOSE: SPONSORSHIP OF CTE HOSPITALITY AND CULINARY COMPETITION | $7,000 |
UCF FOUNDATION INC PURPOSE: THE AMOUNT OF CASH GRANT IS USED AS THE JEFF WEINLAND MEMORIAL SCHOLARSHIP FUND FOR HOSPITALITY STUDENTS. SCHOLARSHIPS ARE REWARDED TO STUDENTS PURSUING CAREERS IN HOSPITALITY AND WHOSE FAMILY MEMBER(S) ALSO WORK IN THE FIELD OF HOSPITALITY. AMOUNTS ARE PAID DIRECTLY TO THE SCHOOL. | $36,000 |
WEKIVA HIGH SCHOOL PURPOSE: SUPOORT FOR BAKERY INSTALLATION FOR THE CULINARY PROGRAM | $6,900 |