NH Lodging and Restaurant Association Education Foundation
Nonprofit profile at a glance
- EIN
- 593789099
- IRS 990-EZ coverage
- 2012–2024
- Forms available
- Form 990 2023, Form 990-EZ 2024
- Location
- Concord, NH, USA
- Phone
- 6032289585
- Rating
- 48
- Verdict
- MIXED
- Rating confidence
- Moderate
- Sector
- Scholarships, Student Financial Aid Services, Awards
Reported finances
- Revenue
- $190,889
- Expenses
- $141,389
- Assets
- $383,356
Source: IRS Form 990-EZ. Selected filing: tax year 2024. Amounts in USD.
Leadership & pay
14 people listed
Executive titles in this filing
- Rick Spalding (Vice President)
People named in this filing
- Kelsey Hayes (Chairman)
- Rick Spalding (Vice President)
- Michael Somers (Treasurer)
Selected names, not a complete roster or a statement of current roles. Open leadership details for the complete filed list.
Source: IRS Form 990-EZ. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
The corporation is organized exclusively for charitable and educational purposes. Such purposes shall include granting of scholarships to further the education and training of people currently employed or those seeking employment in the hospitality industry
What it reported doing in 2024
ProStart is National Restaurant Association Educational Foundation program/ curriculum with a focus on culinary arts and restaurant management. New Hampshire has 16 Career & Technical Education Centers participating in ProStart. One of the components of this program is an annual state competition held in Concord, NH followed by a national competition held in Baltimore, MD. In 2023-2024, 10 schools competed at the state competition. With students, educators, spectators, and industry-credentialled judges, the event hosted 200+ people. One school competed in two categories at the national competition. April is proclaimed New Hampshire Hospitality Month by the Governor. With the month spanning March - May, middle school and high school students go behind the scenes of the hospitality and tourism industry, visiting ski resorts, hotels, restaurants, stadiums, theaters, and more to learn about to vast career pathways and opportunities available. In 2023-2024, between kick-off events at post-secondary schools and tours, we hosted 400+ students. Nine scholarships four high school, five post-secondary. $24,000 awarded two, $10,000 scholarships provided by Heron Point Seafood. Professional development for current employees in the hospitality and tourism industry. Focus on leadership, communication, and conflict resolution. Over two cohorts, 40 attendees and 35 Certificate of Completion awarded. 84 women from all levels and areas of the hospitality and tourism industry. Topics: Exploring Personality Types and Duh Approach to Management and Supervision: Dispelling Common Leadership Myths. Networking and building peer relationships
Operating model
- Revenue model
- Cannot be determined from the filing. The filing does not provide enough consistent revenue detail to tell how this nonprofit funds its work.
- Distribution model
- Transfer-based 990-EZ. The 990-EZ reports grants or member benefits, but it does not separate enough spending to show the nonprofit’s full delivery mix.
The verdict
MIXED - The filed numbers largely add up and revenue comfortably covers expenses. A relatively small share of available resources goes toward mission work and program spending has declined or grown slowly.
Rating breakdown
- Financial Efficiency: 9
- Transparency & Controls: 93
- Sustainability: 71
- Growth: 60
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 14.5%; rating input score 15
- Program expense ratio: Limited
Transparency & Controls
- Consistency checks: 91.7%; rating input score 92; 3rd percentile among comparable filings
- Major donor itemization: Yes; rating input score 100
Sustainability
- Operating margin: 25.9%; rating input score 80; 80th percentile among comparable filings
- Total-asset coverage ratio: 2.71; rating input score 87; 87th percentile among comparable filings
- Liabilities to assets ratio: Limited
- Officer compensation ratio: 0%; rating input score 63; 63rd percentile among comparable filings
Growth
- Program expense growth: -10.4% per year; rating input score 0; 14th percentile among comparable filings
- Revenue growth: 18.5% per year; rating input score 100; 82nd percentile among comparable filings
- Asset growth: 26.8% per year; rating input score 100; 86th percentile among comparable filings
Details
- Where the money goes: 14.5% of revenue deployed
- Governance: Filed governance answers
- Accomplishments: 1 filed program accomplishment
- Leadership: top reported pay $0 · 14 people listed
- Consistency: 6 of 6 current checks pass
- Schedules: 3 filed schedules
- Filing history: 8 filing years from 2012 to 2024
- Contacts: How to reach this organization
- Money network: Resolved incoming and outgoing counterparties from filed money flows.
- Related organizations: Filed and resolved organization relationships.
- Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
- People: Everyone the filings name, and which of them the filings identify by more than a name.
Key Signals
Signals prioritize questions for review. They are not findings of misconduct.
- High — Financial Efficiency: Mission deployment rate scored 15/100.
- High — Growth: Program expense growth scored 0/100.