Multi-Cultural Foodservice & Hospitality Alliance

Organization Overview

Multi-Cultural Foodservice & Hospitality Alliance is located in Providence, RI. The organization was established in 2000. According to its NTEE Classification (S30) the organization is classified as: Economic Development, under the broad grouping of Community Improvement & Capacity Building and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Multi-Cultural Foodservice & Hospitality Alliance 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 12/2021, Multi-Cultural Foodservice & Hospitality Alliance generated $1.2m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 6.5% each year. All expenses for the organization totaled $1.3m during the year ending 12/2021. While expenses have increased by 5.3% per year over the past 7 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.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2021

Describe the Organization's Mission:

Part 3 - Line 1

TO EDUCATE AND ADVOCATE FOR AND CONNECT ITS MEMBERS WITH OPPORTUNITIES TO BUILD THEIR CULTURAL INTELLIGENCE IN THE FOODSERVICE AND HOSPITALITY INDUSTRY.

Describe the Organization's Program Activity:

Part 3 - Line 4a

EDUCATE, ADVOCATE AND CONNECT WITH MEMBERSHIP BY PROVIDING PROFESSIONAL DEVELOPMENT AND CULTURAL INTELLIGENCE TRAINING FOR OUR MEMBERS AND THE INDUSTRY. PROMOTING CAREER AND BUSINESS OPPORTUNITIES THAT EXIST WITH MEMBER COMPANIES FOR MINORITY AND MULTICULTURAL COMMUNITIES. CONNECTING INDUSTRY PROFESSIONALS WITH EACH OTHER BY PROVIDING CAREER ENHANCEMENT OPPORTUNITIES, INFORMAL MENTORING AND NETWORKING.


THE PATHWAYS TO BLACK FRANCHISE OWNERSHIP PROGRAM FINANCES AND PREPARES ASPIRING BLACK ENTREPRENEURS TO OPERATE HIGH-PERFORMING RESTAURANTS, WHILE HELPING COMPANIES GROW THEIR BRANDS AND BUILD WEALTH IN THE BLACK COMMUNITY BY EMBRACING A SOCIAL EQUITY OWNERSHIP MODEL. THE PATHWAYS INITIATIVE WILL IDENTIFY, FINANCE AND PREPARE ASPIRING BLACK ENTREPRENEURS TO OPERATE HIGH-PERFORMING RESTAURANTS.


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Board, Officers & Key Employees

Name (title)Compensation
Tom Bene
Past President & CEO
$0
Marvin Irby
CFO Until 10/21, President & CEO
$0
Susan Adzick
Chair
$0
Kent Walrack
Vice Chair
$0
James Fripp
Treasurer
$0
Gerald Fernandez
President
$0

Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$485,820
Fundraising events$0
Related organizations$148,000
Government grants $0
All other contributions, gifts, grants, and similar amounts not included above$308,700
Noncash contributions included in lines 1a–1f $0
Total Revenue from Contributions, Gifts, Grants & Similar$942,520
Total Program Service Revenue$197,431
Investment income $0
Tax Exempt Bond Proceeds $0
Royalties $44,282
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 $1,184,233

Grants Recieved

Over the last fiscal year, we have identified 1 grants that Multi-Cultural Foodservice & Hospitality Alliance has recieved totaling $148,000.

Awarding OrganizationAmount
National Restaurant Association

Washington, DC

PURPOSE: Sponsorship

$148,000
View Grant Recipient Profile

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