Oklahoma Restaurant Association
- Assets
- $1.1m
- Revenue
- $1.6m
- Investments
- $0.0
- Employees
- 6
- Location
- Oklahoma City, OK
- Founding
- 06/1944
- Data as of
- 09/2023
- EIN
- 73-0383792
Organization Overview
Oklahoma Restaurant Association is located in Oklahoma City, OK. The organization was established in 1944. According to its NTEE Classification (K99) the organization is classified as: Food, Agriculture & Nutrition N.E.C., under the broad grouping of Food, Agriculture & Nutrition and related organizations. As of 09/2023, Oklahoma Restaurant Association employed 6 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Oklahoma 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 09/2023, Oklahoma Restaurant Association generated $1.6m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 1.4% each year. All expenses for the organization totaled $1.6m during the year ending 09/2023. While expenses have increased by 1.2% 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
PROMOTE PROTECT AND EDUCATE MEMBERS IN THE RESTAURANT BUSINESS
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROMOTE PROTECT AND EDUCATE MEMBERS IN THE RESTAURANT BUSINESS
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
James Leewright President & CEO | Officer | 40 | $154,800 |
Debra Bailey CFO | Officer | 40 | $122,828 |
Darren Lister Director | Trustee | 5 | $0 |
Elliot Nelson Director | Trustee | 5 | $0 |
Sigmund Brown 2nd Vice Chair | Trustee | 5 | $0 |
Eric Brewer Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $385,972 |
| 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 | $385,972 |
| Total Program Service Revenue | $112,410 |
| Investment income | $10,140 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $5,400 |
| Net Gain/Loss on Asset Sales | -$13,205 |
| Net Income from Fundraising Events | $24,932 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $4,386 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,625,937 |
| 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. | $277,628 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $438,649 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $104,457 |
| Payroll taxes | $59,563 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $4,716 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $56,309 |
| Travel | $11,959 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $201,300 |
| Interest | $46,543 |
| Payments to affiliates | $12,493 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $12,903 |
| All other expenses | $90,221 |
| Total functional expenses | $1,615,640 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $244,946 |
| Savings and temporary cash investments | $186,546 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $12,153 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $4,295 |
| Prepaid expenses and deferred charges | $7,332 |
| Net Land, buildings, and equipment | $106,385 |
| Investments—publicly traded securities | $493,607 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $38,711 |
| Total assets | $1,093,975 |
| Accounts payable and accrued expenses | $95,986 |
| Grants payable | $0 |
| Deferred revenue | $4,403 |
| 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 | $473,460 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $26,844 |
| Total liabilities | $600,693 |
| Net assets without donor restrictions | $493,282 |
| 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 | $1,093,975 |