Hospitality Asset Managers Association

Organization Overview

Hospitality Asset Managers Association is located in N Scituate, MA. The organization was established in 2012. According to its NTEE Classification (S46) the organization is classified as: Boards of Trade, 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. Hospitality Asset Managers Association 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 Asset Managers Association generated $83.7k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (10.9%) each year. All expenses for the organization totaled $132.8k during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (5.7%) per year over the past 7 years. 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

AN ASSOCIATION OF PROFESSIONAL INDIVIDUALS WHO ARE FIDUCIARIES DEDICATED TO ENHANCE THE PROFESSION OF HOSPITALITY ASSET MANAGEMENT.

Describe the Organization's Program Activity:

Part 3 - Line 4a

THE ORGANIZATION WAS FORMED TO ENHANCE THE INDUSTRY AND PROVIDE NETWORKING OPPORTUNITIES FOR MEMBER MANAGERS


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Board, Officers & Key Employees

Name (title)Compensation
Sarah Gulla
Secretary
$0
Matthew Arrants
Vice President
$0
Kerry Gaber
Treasurer
$0
Larry Trabulsi
President
$0
Chad Sorensen
Marketing Chair
$0
Derrick Yee
Education Chair
$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$83,150
Investment income $527
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 $83,677

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