Hospitality Minnesota Education Foundation is located in Minneapolis, MN. The organization was established in 2006. According to its NTEE Classification (B90) the organization is classified as: Educational Services, 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. Hospitality Minnesota Education 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 12/2022, Hospitality Minnesota Education Foundation generated $395.6k in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 9.8% each year. All expenses for the organization totaled $306.1k during the year ending 12/2022. While expenses have increased by 7.0% 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.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
TO EDUCATE AND DEVELOP FUTURE EMPLOYEES AND LEADERS FOR THE HOSPITALITY INDUSTRY AND TO PROMOTE HOSPITALITY AS AN INDUSTRY OF GREAT CAREER OPPORTUNITY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROSTART PROGRAM:PROSTART IS A TWO-YEAR CURRICULUM FOR CULINARY ARTS AND FOODSERVICE MANAGEMENT THAT INCLUDES CLASSROOM STUDY, MENTORED WORK EXPERIENCES AND AN OPTIONAL PROSTART INVITATIONAL COMPETITION. PROSTART, AFFILIATED WITH THE NATIONAL RESTAURANT ASSOCIATION EDUCATIONAL FOUNDATION, IS OFFERED IN OVER 95 MINNESOTA SCHOOLS ENGAGING MORE THAN 5,500 STUDENTS WITH OVER 750 ALREADY WORKING IN THE INDUSTRY. THIS FISCAL YEAR, THE HMEF AWARDED FOUR GRANTS UP TO $2,500 EACH (ALMOST $7,500 TOTAL) TO MINNESOTA SCHOOLS TO PURCHASE THE PROSTART CURRICULUM FOR THEIR STUDENTS. THE HMEF CONNECTS MENTORS TO EACH SCHOOL, PROVIDES PROGRAM TEACHERS WITH TRAINING AND INDUSTRY RESOURCES, AND SPONSORS THE STATEWIDE PROSTART COMPETITION EACH SPRING. THE 2023 HMEF PROSTART INVITATIONAL WAS HELD ON FEBRUARY 28TH AT THE SAINT PAUL RIVERCENTRE IN SAINT PAUL MINNESOTA. THE COMPETITION FEATURES TWO CATEGORIES: CULINARY ARTS AND FOODSERVICE MANAGEMENT. SEVENTEEN TEAMS OF HIGH SCHOOL STUDENTS COMPETED FOR AWARDS, SCHOLARSHIPS, AND THE TOP TEAM IN EACH CATEGORY ADVANCED TO THE 2023 NATIONAL PROSTART INVITATIONAL IN WASHINGTON, D.C., THAT WILL BE HELD IN MAY. THE HMEF NORMALLY PROVIDES A TRAVEL ALLOWANCE TO EACH TEAM. THE TALENTS OF PROSTART STUDENTS WERE FEATURED AT SEVERAL INDUSTRY EVENTS THROUGHOUT THE YEAR CONNECTING THEM WITH FUTURE EMPLOYERS AND REINFORCING THEIR CAREER CHOICES.
HOSPITALITY & TOURISM MANAGEMENT PROGRAM:THE HOSPITALITY & TOURISM MANAGEMENT PROGRAM (HTMP) IS A CURRICULUM DEVELOPED BY THE AMERICAN HOTEL & LODGING ASSOCIATION THAT INTRODUCES HIGH SCHOOL STUDENTS TO THE LODGING INDUSTRY. THE CURRICULUM COVERS EVERYTHING FROM FRONT OFFICE AND HOUSEKEEPING MANAGEMENT TO MARKETING AND SALES, FOOD AND BEVERAGE, AS WELL AS GENERAL MANAGEMENT AND LEADERSHIP SKILLS. MINNESOTA CURRENTLY HAS TWENTY-FIVE SCHOOLS TEACHING THIS PROGRAM WITH AROUND 350 STUDENTS. THE HMEF HAS FUNDS AVAILABLE TO PROVIDE GRANTS TO SCHOOLS INTERESTED IN IMPLEMENTING THE PROGRAM, AS WELL AS CONNECTIONS TO MENTORS AND INDUSTRY CONTACTS FOR EACH TEACHER, PROVIDING A "REAL WORLD" RESOURCE FOR THE CLASSROOM.
SCHOLARSHIP PROGRAM:SINCE ITS INCEPTION IN 2008, THE HMEF SCHOLARSHIP PROGRAM HAS AWARDED SCHOLARSHIPS TOTALING $858,500 TO 356 STUDENTS PURSUING POST-SECONDARY DEGREES IN ACCREDITED CULINARY AND HOSPITALITY MANAGEMENT PROGRAMS ACROSS THE COUNTRY.
Name (title) | Role | Hours | Compensation |
---|---|---|---|
Keith Reardon Secretary | OfficerTrustee | 1 | $0 |
Jim Benson Chair | OfficerTrustee | 1 | $0 |
Tammy Olson Assistant Treasurer | OfficerTrustee | 1 | $0 |
Branden Robinson Vice Chair | OfficerTrustee | 1 | $0 |
Frank Soukup Treasurer | OfficerTrustee | 1 | $0 |
Doug Karle Immediate Past Chair | OfficerTrustee | 1 | $0 |
Statement of Revenue | |
---|---|
Federated campaigns | $0 |
Membership dues | $0 |
Fundraising events | $0 |
Related organizations | $0 |
Government grants | $206,199 |
All other contributions, gifts, grants, and similar amounts not included above | $158,543 |
Noncash contributions included in lines 1a–1f | $0 |
Total Revenue from Contributions, Gifts, Grants & Similar | $364,742 |
Total Program Service Revenue | $6,650 |
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 | $24,212 |
Net Income from Gaming Activities | $0 |
Net Income from Sales of Inventory | $0 |
Miscellaneous Revenue | $0 |
Total Revenue | $395,604 |
Statement of Expenses | |
---|---|
Grants and other assistance to domestic organizations and domestic governments. | $86,206 |
Grants and other assistance to domestic individuals. | $24,500 |
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 | $72,000 |
Fees for services: Legal | $0 |
Fees for services: Accounting | $3,295 |
Fees for services: Lobbying | $0 |
Fees for services: Fundraising | $0 |
Fees for services: Investment Management | $0 |
Fees for services: Other | $0 |
Advertising and promotion | $1,923 |
Office expenses | $341 |
Information technology | $0 |
Royalties | $0 |
Occupancy | $0 |
Travel | $4,595 |
Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
Conferences, conventions, and meetings | $276 |
Interest | $0 |
Payments to affiliates | $0 |
Depreciation, depletion, and amortization | $0 |
Insurance | $0 |
All other expenses | $7,320 |
Total functional expenses | $306,138 |
Balance Sheet | |
---|---|
Cash—non-interest-bearing | $282,460 |
Savings and temporary cash investments | $0 |
Pledges and grants receivable | $0 |
Accounts receivable, net | $72,798 |
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 | $355,258 |
Accounts payable and accrued expenses | $194 |
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 | $194 |
Net assets without donor restrictions | $0 |
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 | $355,064 |
Total liabilities and net assets/fund balances | $355,258 |