New England Inns And Resorts Association Educational Foundation
- Assets
- $86.9k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Stratham, NH
- Founding
- Data as of
- 12/2021
- EIN
- 87-1226827
Organization Overview
New England Inns And Resorts Association Educational Foundation is located in Stratham, NH. 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. New England Inns And Resorts Association Educational Foundation is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
Form
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2021
Describe the Organization's Program Activity:
Part 3
TO ENCOURAGE AND SUPPORT INTEREST, TRAINING, AND EDUCATION IN THE HOSPITALITY SERVICES INDUSTRY BY MAKING GRANTS TO TAX-EXEMPT ORGANIZATIONS SO THAT SUCH ORGANIZATIONS MAY PROVIDE EDUCATIONAL PROGRAMS TO THOSE INTERESTED OR TRAINING IN THE HOSPITALITY SERVICES INDUSTRY OR TO PROVIDE FINANCIAL ASSISTANCE IN THE FORM OF SCHOLARSHIPS TO STUDENTS ACCEPTED AT TAX-EXEMPT INSTITUTE OF HIGHER EDUCATION AND ENROLLED IN A HOSPITALITY, TOURISM, OR SIMILAR PROGRAM. EACH SCHOLARSHIP WILL HAVE ITS OWN CRITERIA FOR APPLYING AND AWARDING OF FUNDS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Sara Masterson Immed Past P | 1 | $0 | |
Connie Russell President | 1 | $0 | |
Hans Van Wees Treasurer | 1 | $0 | |
Joe Lavin Director | 1 | $0 | |
Sheri Baraw Smith Director | 1 | $0 | |
Jeff Mciver Director | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $20,976 |
| Total Program Service Revenue | $0 |
| Membership dues | $0 |
| Investment income | $879 |
| Gain or Loss | $6,877 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $28,732 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $0 |
| Professional fees and other payments to independent contractors | $7,798 |
| Occupancy, rent, utilities, and maintenance | $0 |
| Printing, publications, postage, and shipping | $0 |
| Other expenses | $901 |
| Total expenses | $8,699 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $31,334 |
| Other assets | $0 |
| Total assets | $86,900 |
| Total liabilities | $8,202 |
| Net assets or fund balances | $78,698 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Vermont Student Development Fund Inc Winooski, VT | $17,468,961 | $10,359,436 |
The Cape Cod Community College Educational Foundation Inc West Barnstable, MA | $15,428,827 | $3,042,413 |
Cape Cod Foundation Inc South Yarmouth, MA | $88,834,376 | $21,531,654 |
Uaspire Inc Boston, MA | $8,161,176 | $8,929,537 |
Alfond Scholarship Foundation Portland, ME | $2,013,971 | $7,474,819 |
Stephen Phillips Memorial Scholarship Fund Inc Boston, MA | $45,790,109 | $8,308,700 |
Island Institute Rockland, ME | $34,942,404 | $7,827,911 |
Thrive Scholars Boston, MA | $14,006,320 | $13,719,971 |
Boston Latin School Association Boston, MA | $71,373,277 | -$8,021,699 |
Feigenbaum Foundation Inc Pittsfield, MA | $77,550,637 | $8,621,230 |
Bpe Roxbury, MA | $4,024,536 | $5,203,233 |
The Francis Ouimet Scholarship Fund Inc Norton, MA | $27,290,373 | $6,126,185 |