International Association Of Hospitality Accountants
- Assets
- $4.9m
- Revenue
- $2.7m
- Investments
- $595.4k
- Employees
- 26
- Location
- Austin, TX
- Founding
- 10/1998
- Data as of
- 10/2020
- EIN
- 74-2761039
Organization Overview
International Association Of Hospitality Accountants, operating under the name Hospitality Financial & Technology Professionals, is located in Austin, TX. The organization was established in 1998. According to its NTEE Classification (E22) the organization is classified as: General Hospitals, under the broad grouping of Health Care and related organizations. As of 10/2020, Hospitality Financial & Technology Professionals employed 26 individuals. This organization is a parent organization of an affiliated group for tax-exemption purposes. Hospitality Financial & Technology Professionals 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 10/2020, Hospitality Financial & Technology Professionals generated $2.7m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 6 years, the organization has seen revenues fall by an average of (15.0%) each year. All expenses for the organization totaled $5.8m during the year ending 10/2020. 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
2020
Describe the Organization's Mission:
Part 3 - Line 1
PROVIDE EDUCATION, CERTIFICATION AND RESOURCES TO HOSPITALITY FINANCE AND TECHNOLOGY PROFESSIONALS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
ORGANIZATION OF TECHNOLOGY CONFERENCE
ORGANIZATION OF ANNUAL CONVENTION
DISTRIBUTION OF DIGITAL MEDIA.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Frank Wolfe Chief Executive Officer | Officer | 40 | $414,060 |
Thomas Atzenhofer Deputy CEO | Officer | 40 | $183,186 |
Lucinda Hart Chief Operating Officer | Officer | 40 | $181,020 |
Jennifer Lee Chief Marketing Officer | Officer | 40 | $116,363 |
Bryan Wood Chief Learning & Events Officer | 40 | $107,232 | |
Stephanie Anderson Treasurer | OfficerTrustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Investment income | $135,438 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $96,427 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $49,938 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $2,651,937 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $1,170 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $757,815 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,177,347 |
| Pension plan accruals and contributions | $64,489 |
| Other employee benefits | $164,564 |
| Payroll taxes | $126,420 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $38,096 |
| Fees for services: Accounting | $36,082 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $226,260 |
| Advertising and promotion | $665,561 |
| Office expenses | $56,121 |
| Information technology | $223,208 |
| Royalties | $0 |
| Occupancy | $344,858 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $565,157 |
| Interest | $2,490 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $236,485 |
| Insurance | $15,985 |
| All other expenses | $0 |
| Total functional expenses | $5,757,119 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $42,201 |
| Savings and temporary cash investments | $277,705 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $98,440 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $200,000 |
| Inventories for sale or use | $5,265 |
| Prepaid expenses and deferred charges | $163,497 |
| Investments—publicly traded securities | $2,397,099 |
| Investments—other securities | $595,409 |
| Investments—program-related | $0 |
| Intangible assets | $700,000 |
| Other assets | $105,909 |
| Total assets | $4,910,789 |
| Accounts payable and accrued expenses | $743,968 |
| Grants payable | $0 |
| Deferred revenue | $457,712 |
| 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 | $150,000 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $1,886,593 |
| Total liabilities | $3,238,273 |
| 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 |
| Total liabilities and net assets/fund balances | $1,672,516 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that International Association Of Hospitality Accountants has recieved totaling $1,000.
| Awarding Organization | Amount |
|---|---|
Sailfish Point Foundation Inc Stuart, FL PURPOSE: HOSPITALITY SCHOLARSHIP | $1,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Chicot Memorial Medical Center Lake Village, AR | $20,694,512 | $22,104,345 |
Delta Memorial Hospital Dumas, AR | $19,360,595 | $24,048,672 |
Dardanelle Regional Llc Dardanelle, AR | $9,058,761 | $17,081,430 |
St Bernard Community Hospital Corporation Wynne, AR | $12,847,448 | $21,788,321 |
Clayton Health Systems Inc Clayton, NM | $19,342,828 | $19,073,087 |
Falls Community Hospital And Clinic Marlin, TX | $16,201,440 | $24,067,895 |
Purcell Municipal Hospital Purcell, OK | $9,506,068 | $15,513,649 |
Parmer County Community Hospital Inc Friona, TX | $16,718,292 | $16,282,251 |
Swisher Memorial Healthcare System Tulia, TX | $11,057,131 | $12,961,956 |
Mercy Hospital Paris Paris, AR | $2,615,719 | $12,734,195 |
Little River Medical Center Inc Ashdown, AR | $9,137,852 | $13,390,084 |
Mercy Hospital Waldron Waldron, AR | $2,474,108 | $10,620,353 |