Mississippi Restaurant Association
- Assets
- $1.5m
- Revenue
- $242.7k
- Investments
- $0.0
- Employees
- 7
- Location
- Jackson, MS
- Founding
- 11/1960
- Data as of
- 06/2022
- EIN
- 64-0388196
Organization Overview
Mississippi Restaurant Association is located in Jackson, MS. The organization was established in 1960. According to its NTEE Classification (B01) the organization is classified as: Alliances & Advocacy, under the broad grouping of Education and related organizations. As of 06/2022, Mississippi Restaurant Association employed 7 individuals. This organization is the central organization for a national or regional group of organizations. Mississippi Restaurant 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 06/2022, Mississippi Restaurant Association generated $242.7k 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 (9.1%) each year. All expenses for the organization totaled $464.1k during the year ending 06/2022. 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
THE MISSION OF THE ASSOCIATION IS TO UNIFY, FOSTER, PROMOTE AND PROTECT THE HOSPITALITY AND FOOD SERVICE INDUSTRIES IN MISSISSIPPI. THE GOALS OF THE ORGANIZATION ARE (1)TO RETAIN PRESENT MEMBERS AND RECRUIT NEW MEMBERS; (2) TO IMPROVE THE COMMUNICATION PROCESS BETWEEN THE ASSOCIATION AND ITS MEMBERS AS WELL AS PROMOTE EDUCATIONAL OPPORTUNITIES TO ITS MEMBERS AND THE PUBLIC; (3) TO ESTABLISH A FRAMEWORK TO INSURE THE EFFECTIVE OPERATION OF THE ASSOCIATION; (4) TO SUPPORT THE STATE-WIDE OR LEGISLATIVE CANDIDATES AND/OR ISSUES THAT BEST REPRESENT THE VIEWS AND POSITIONS OF THE ASSOCIATION; (5) TO PLAN AND EXECUTE AN ANNUAL CONVENTION AND OTHER SPECIAL EVENTS; AND (6) TO CONTINUE TO WORK IN THE AREA OF GOVERNMENT AFFAIRS AND IN THE AREAS OF POLICY, DIRECTING AND ASSISTING THE ASSOCIATION'S LOBBYIST, AND ADRESSING NATIONAL ISSUES WHICH AFFECT THE HOSPITALITY AND FOOD SERVICE INDUSTRIES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
SUCCESSFUL IMPLEMENTATION OF LEGISLATIVE ACTIVITIES THAT PROTECTED MEMBERS FROM BURDENSOME LEGISLATION WHILE PASSING LEGISLATION THAT HAD A POSITIVE IMPACT ON THE HOSPITALITY INDUSTRY.
ADMINISTRATION OF EDUCATION INIATIVE. THE ASSOCIATION HAS DEVELOPED RELATIONSHIPS THROUGH START-UP ASSISTANCE THAT HAS TURNED INTO NEW MEMBERSHIPS; DEVELOPED STRATEGIC PARTNERSHIPS THAT HELP MARKET THE MHRA TO THE PUBLIC AND POTENTIAL NEW MEMBERS; AND CONSULTED AND PROVIDED VERY VALUABLE REVIEW OPPORTUNITIES WITHIN THE CURRENT MEMBERSHIP. PROGRAMS INCLUDE: PROSTART AMBASSADOR PROGRAMS ACROSS THE STATE; ON-LINE SERVSAFE FOOD MANAGER CERTIFICATE; EXPANDED MHRA WEBSITE OFFERINGS, PODCASTING, VIDEO, ETC.; AND LSM, CUSTOMER TRAINING, ETC. SEMINARS OFFERED TO PUBLIC AND MEMBERSHIP.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Patrick L Fontaine Executive Di | Officer | 40 | $82,933 |
Maribeth Angelo Secretary/tr | OfficerTrustee | 2 | $0 |
Steven O'neill Vice Preside | OfficerTrustee | 2 | $0 |
Charles Frazier President | OfficerTrustee | 2 | $0 |
Will Hood Director | Trustee | 1 | $0 |
Robin Fant Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $159,581 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $15,000 |
| 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 | $174,581 |
| Total Program Service Revenue | $189,166 |
| Investment income | -$168,785 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $1,314 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $6,620 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $242,674 |
| 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. | $82,933 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $102,365 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $47,554 |
| Payroll taxes | $13,104 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $23,785 |
| Fees for services: Lobbying | $4,143 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $25,305 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $22,958 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $15,295 |
| Travel | $8,661 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $8,091 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $936 |
| Insurance | $10,771 |
| All other expenses | $0 |
| Total functional expenses | $464,116 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $186,073 |
| Savings and temporary cash investments | $1,281,000 |
| 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 | $167 |
| Total assets | $1,467,240 |
| Accounts payable and accrued expenses | $3,649 |
| Grants payable | $0 |
| Deferred revenue | $149,264 |
| 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 | $152,913 |
| Net assets without donor restrictions | $1,314,327 |
| 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 | $1,467,240 |
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