California Hotel & Lodging Association Hospitality Foundation
- Assets
- $4.2m
- Revenue
- $542.5k
- Investments
- $3.8m
- Employees
- 0
- Location
- Sacramento, CA
- Founding
- 11/1996
- Data as of
- 12/2021
- EIN
- 68-0194614
Organization Overview
California Hotel & Lodging Association Hospitality Foundation is located in Sacramento, CA. The organization was established in 1996. According to its NTEE Classification (B82) the organization is classified as: Scholarships & Student Financial Aid, under the broad grouping of Education and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. California Hotel & Lodging Association Hospitality Foundation 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, California Hotel & Lodging Association Hospitality Foundation generated $542.5k in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 57.7% each year . All expenses for the organization totaled $268.1k during the year ending 12/2021. While expenses have increased by 49.9% per year over the past 6 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.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2021
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE CALIFORNIA HOTEL & LODGING ASSOCIATION HOSPITALITY FOUNDATION (CHLAHF) HELPS PEOPLE BUILD CAREERS THAT IMPROVE THEIR LIVES AND STRENGTHEN THE HOTEL AND LODGING INDUSTRY. THE FOUNDATION PROVIDES TOOLS, RESOURCES, AND SCHOLARSHIPS IN SUPPORT OF EXCELLENCE AMONG INDUSTRY EMPLOYEES AND HOSPITALITY STUDENTS, TO RAISE THE PROFILE OF THE CALIFORNIA HOSPITALITY. DUING FY 2019 CHLAHF GRANTED A TOTAL OF $130,400 IN DIFFERENT AMOUNTS NOT EXCEEDING $5000 INDIVIDUALLY TO 69 INDIVIDUALS
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Lee Blecher PHD Che Director | 0.5 | $0 | |
Tom Costello Treasurer | 1 | $0 | |
Gena Chen Director | 0.5 | $0 | |
Sean Van Straatum Director | 0 | $0 | |
Mary Crowe Director | 0.5 | $0 | |
Roger Huldi Vice Chair | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $21,984 |
| Interest on Savings | $0 |
| Dividends & Interest | $447,494 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $0 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $72,988 |
| Total Revenue | $542,466 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $0 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $945 |
| Printing and publications | $0 |
| Other expenses | $191,382 |
| Total operating and administrative expenses | $268,080 |
| Contributions, gifts, grants paid | $0 |
| Total expenses and disbursements | $268,080 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $40,441 |
| Savings and temporary cash investments | $365,599 |
| Net Accounts receivable | $450 |
| Net Pledges Receivable | $0 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $436,706 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $4,173,615 |
| Accounts payable and accrued expenses | $1,376 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $1,376 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that California Hotel & Lodging Association Hospitality Foundation has recieved totaling $20,006.
| Awarding Organization | Amount |
|---|---|
Handlery Foundation San Francisco, CA PURPOSE: GENERAL SUPPORT | $20,006 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Charles And Helen Schwab Foundation San Francisco, CA | $691,573,201 | $120,025,754 |
Hispanic Scholarship Fund Gardena, CA | $152,619,685 | $60,036,131 |
Arizona Leadership Foundation Inc Scottsdale, AZ | $8,143,528 | $41,232,860 |
College Track Oakland, CA | $64,375,720 | $27,539,542 |
Business For Social Responsibility San Francisco, CA | $23,283,625 | $33,746,077 |
Arizona Christian School Tuition Organization Inc Chandler, AZ | $15,419,007 | $23,692,507 |
Institute For Better Education Tucson, AZ | $37,186,348 | $28,870,649 |
Catholic Education Arizona Phoenix, AZ | $32,375,379 | $24,525,242 |
Mcconnell Foundation Redding, CA | $0 | $21,867,294 |
Arizona Tuition Connection Inc Scottsdale, AZ | $37,104,483 | $31,699,669 |
Making Waves Foundation Inc Richmond, CA | $241,696,341 | $12,436,212 |
Port Of Los Angeles High School San Pedro, CA | $18,161,675 | $15,549,620 |