Louisiana Restaurant Association Inc
- Assets
- $9.3m
- Revenue
- $3.2m
- Investments
- $2.0m
- Employees
- 28
- Location
- Metairie, LA
- Founding
- 11/1990
- Data as of
- 12/2021
- EIN
- 72-0362855
Organization Overview
Louisiana Restaurant Association Inc is located in Metairie, LA. The organization was established in 1990. According to its NTEE Classification (B01) the organization is classified as: Alliances & Advocacy, under the broad grouping of Education and related organizations. As of 12/2021, Louisiana Restaurant Association Inc employed 28 individuals. This organization is a parent organization of an affiliated group for tax-exemption purposes. Louisiana Restaurant Association Inc 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, Louisiana Restaurant Association Inc generated $3.2m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 0.4% each year. All expenses for the organization totaled $2.7m during the year ending 12/2021. 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
HOSPITALITY INDUSTRY TRADE ASSOCIATION
Describe the Organization's Program Activity:
Part 3 - Line 4a
TRADE SHOWS AND MEETINGS CONDUCTED IN CONNECTION THEREWITH: THE SHOW UNITES MEMBERS WITH SUPPLIERS AND FUNCTIONS TO UPDATE AND EDUCATE THE INDUSTRY AS A WHOLE
A LA CARTE MAGAZINE - QUARTERLY PUBLICATION WHICH PROVIDES UPDATES AND INFORMATION ON NEW TRENDS AND CONCERNS TO MEMBERS ON A REGULAR BASIS
ADVOCACY ON BEHALF OF THE HOSPITALITY INDUSTRY
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
James S Harris President/ceo | Officer | 40 | $564,623 |
Pamela St Pierre Employee | 40 | $159,218 | |
Wendy Waren Employee | 40 | $100,434 | |
Keith Bond Chair | OfficerTrustee | 0.5 | $0 |
Michael Boudreaux Vice Chair | OfficerTrustee | 0.5 | $0 |
Alan Guilbeau Secretary | OfficerTrustee | 0.5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $1,365,042 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $377,689 |
| 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 | $1,742,731 |
| Total Program Service Revenue | $736,972 |
| Investment income | $64,169 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $488,025 |
| Net Rental Income | $193,568 |
| 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 | $3,239,510 |
| 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. | $564,623 |
| Compensation of current officers, directors, key employees. | $225,849 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $476,527 |
| Pension plan accruals and contributions | $36,605 |
| Other employee benefits | $128,561 |
| Payroll taxes | $80,238 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $24,986 |
| Fees for services: Accounting | $30,960 |
| Fees for services: Lobbying | $237,594 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $10,863 |
| Advertising and promotion | $42,607 |
| Office expenses | $58,315 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $64,332 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $36,561 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $175,516 |
| Insurance | $82,856 |
| All other expenses | $127,842 |
| Total functional expenses | $2,675,992 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $4,051,929 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $185,847 |
| 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 | $80,090 |
| Net Land, buildings, and equipment | $3,025,523 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $1,966,470 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $4,369 |
| Total assets | $9,314,228 |
| Accounts payable and accrued expenses | $197,158 |
| Grants payable | $0 |
| Deferred revenue | $10,683 |
| 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 | $207,841 |
| Net assets without donor restrictions | $9,106,387 |
| 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 | $9,314,228 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
New Schools For Baton Rouge Baton Rouge, LA | $18,000,510 | $11,219,034 |
Texas Institute Of Graduate Medical Education And Research San Antonio, TX | $5,873,285 | $12,825,627 |
Electric Cooperatives Of Mississippi A A L Ridgeland, MS | $8,957,411 | $6,545,742 |
Portico Education Foundation Carrollton, TX | $2,396,287 | $5,783,858 |
Youth Force Nola New Orleans, LA | $5,195,075 | $5,408,027 |
Texas Association Of School Administrators Austin, TX | $4,673,285 | $5,966,291 |
Texas Restaurant Association Austin, TX | $11,924,378 | $5,929,472 |
Texas Charter Schools Association Austin, TX | $5,399,898 | $5,059,843 |
Mississippi One-Call System Inc Jackson, MS | $4,141,931 | $4,142,716 |
Mississippi Manufacturers Association Jackson, MS | $5,674,964 | $3,449,286 |
Walton Education Coalition Inc Bentonville, AR | $905,003 | $3,450,000 |
Louisiana Restaurant Association Inc Metairie, LA | $9,314,228 | $3,239,510 |